Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
$ 1650
per

Your estimated
City
free-cash

Dresden , Germany
$560
$741
$625
$504
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 650
trade
-
-
-
181
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
74
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
481
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
26
total
-
-
-
762
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

414
-
1 650
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
26
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

12
-
481
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

74
-
74
-
total
87
-
581
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 236
1 650
-
-
trade
195
260
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

10
14
-
-
income
185
248
-
-
chamber of commerce
3
4
-
-
total
393
526
-
-
Dividends
842
1 125
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

11
15
-
-
withholding
206
277
-
-
total
217
292
-
-
Income
1 650
1 650
1 650
1 650
Total tax
697
818
581
762
After tax
953
832
1 069
888
Living cost
328
328
328
328
Free-cash
625
504
741
560

Estimated living cost  is $328 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
$431
$445
$473
$483
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
18
municipal
-
-
-
179
national
-
-
-
277
pensions
-
-
-
198
total
-
-
-
672
Employee
847
-
1 426
-
pensions
34
-
57
-
national
162
-
287
-
municipal
105
-
185
-
total
301
-
529
-
Employer
847
-
1 426
-
pensions
68
-
114
-
social contributions
9
-
15
-
total
77
-
129
-
Corporate
670
1 650
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

134
330
-
-
total
134
330
-
-
Dividends
536
1 320
-
-
withholding
118
290
-
-
total
118
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
630
620
658
672
After tax
1 020
1 030
992
978
Living cost
547
547
547
547
Free-cash
473
483
445
431

Estimated living cost  is $547 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$317
$777
$1007
$1095
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 650
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
415
income
-
-
-
272
microenterprise
-
-
-
-
surtax
-
-
-
421
total
-
-
-
1 108
Employee
317
-
1 189
-
income
56
-
231
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

35
-
131
-
surtax
-
-
-
-
total
91
-
362
-
Employer
317
-
1 189
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

76
-
286
-
surtax
-
-
-
-
total
76
-
286
-
Corporate
1 257
1 650
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

251
330
-
-
total
251
330
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

1 006
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
418
330
648
1 108
After tax
1 232
1 320
1 002
542
Living cost
225
225
225
225
Free-cash
1 007
1 095
777
317

Estimated living cost  is $225 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$474
$549
$293
$359
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
health
-
-
-
134
income
-
-
-
461
pensions
-
-
-
127
total
-
-
-
722
Employee
925
925
1 449
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

151
151
185
-
pensions
167
127
127
-
health
142
121
134
-
total
460
399
446
-
Employer
925
925
1 449
-
pensions
64
64
80
-
health
64
64
80
-
unemployment
33
33
41
-
total
161
161
201
-
Corporate
574
563
-
-
income
115
113
-
-
total
115
113
-
-
Dividends
459
450
-
-
withholding
69
68
-
-
income
98
96
-
-
total
167
164
-
-
Income
1 650
1 650
1 650
1 650
Total tax
903
837
647
722
After tax
747
813
1 003
928
Living cost
454
454
454
454
Free-cash
293
359
549
474

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$442
$432
$474
$484
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
106
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
413
health
-
-
-
57
national
-
-
-
113
pensions
-
-
-
99
total
-
-
-
791
Employee
594
-
1 363
-
national
-
-
108
-
municipal
177
-
406
-
total
177
-
514
-
Employer
594
-
1 363
-
pensions
64
-
99
-
other
69
-
106
-
accident
1
-
2
-
health
37
-
56
-
unemployment
16
-
24
-
total
187
-
287
-
Corporate
870
1 650
-
-
income
191
363
-
-
total
191
363
-
-
Dividends
678
1 287
-
-
withholding
204
386
-
-
total
204
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
759
749
801
791
After tax
891
901
849
859
Living cost
417
417
417
417
Free-cash
474
484
432
442

Estimated living cost  is $417 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$454
$643
$551
$398
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 650
trade
-
-
-
189
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
74
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
481
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
26
total
-
-
-
770
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

549
-
1 650
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
26
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

47
-
481
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

74
-
74
-
total
124
-
581
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 101
1 650
-
-
trade
181
271
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

9
14
-
-
income
165
248
-
-
chamber of commerce
3
4
-
-
total
358
537
-
-
Dividends
742
1 113
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

10
15
-
-
withholding
181
274
-
-
total
191
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
673
826
581
770
After tax
977
824
1 069
880
Living cost
426
426
426
426
Free-cash
551
398
643
454

Estimated living cost  is $426 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
$790
$775
$810
$854
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
175
health
-
-
-
42
income
-
-
-
292
total
-
-
-
509
Employee
833
833
1 528
-
income
87
77
284
-
social contributions
40
69
93
-
health
8
14
26
-
total
135
160
403
-
Employer
833
833
1 528
-
health
9
15
28
-
social contributions
40
69
93
-
total
49
84
121
-
Corporate
1 113
732
-
-
income
139
92
-
-
total
139
92
-
-
Dividends
974
641
-
-
withholding
166
109
-
-
total
166
109
-
-
Income
1 650
1 650
1 650
1 650
Total tax
489
445
524
509
After tax
1 161
1 205
1 126
1 141
Living cost
351
351
351
351
Free-cash
810
854
775
790

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$945
$758
$733
$730
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
unemployment
-
-
-
25
health
-
-
-
115
income
-
-
-
202
pensions
-
-
-
165
total
-
-
-
507
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

285
114
1 381
-
income
35
14
169
-
pensions
29
11
138
-
unemployment
4
2
21
-
health
20
8
97
-
total
88
35
425
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

285
114
1 381
-
pensions
56
22
269
-
total
56
22
269
-
Corporate
1 309
1 514
-
-
income
118
136
-
-
total
118
136
-
-
Dividends
1 191
1 378
-
-
social contributions
231
267
-
-
withholding
226
262
-
-
total
457
529
-
-
Income
1 650
1 650
1 650
1 650
Total tax
719
722
694
507
After tax
931
928
956
1 143
Living cost
198
198
198
198
Free-cash
733
730
758
945

Estimated living cost  is $198 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$622
$688
$991
$1058
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
health
-
-
-
215
income
-
-
-
221
pensions
-
-
-
330
total
-
-
-
766
Employee
307
-
1 233
-
income
35
-
238
-
pensions
6
-
25
-
unemployment
5
-
20
-
total
46
-
283
-
Employer
307
-
1 233
-
pensions
61
-
247
-
health
40
-
160
-
unemployment
2
-
10
-
total
103
-
417
-
Corporate
1 239
1 650
-
-
income
248
330
-
-
total
248
330
-
-
Dividends
991
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
397
330
700
766
After tax
1 253
1 320
950
884
Living cost
262
262
262
262
Free-cash
991
1 058
688
622

Estimated living cost  is $262 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$891
$651
$98
-$103
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
446
pensions
-
-
-
45
total
-
-
-
522
Employee
374
-
1 470
-
income
51
-
332
-
pensions
42
-
82
-
health
43
-
168
-
total
136
-
582
-
Employer
374
-
1 470
-
pensions
61
-
119
-
accident
6
-
25
-
unemployment
9
-
36
-
total
76
-
180
-
Corporate
1 200
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 080
1 485
-
-
total
1 080
1 485
-
-
Dividends
120
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 315
1 516
762
522
After tax
335
134
888
1 128
Living cost
237
237
237
237
Free-cash
98
-103
651
891

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
$1536
$1222
$1452
$1469
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 650
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
16
total
-
-
-
16
Employee
122
-
1 650
-
income
24
-
330
-
total
24
-
330
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 528
1 650
-
-
total
-
-
-
-
Dividends
1 528
1 650
-
-
withholding
76
83
-
-
total
76
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
100
83
330
16
After tax
1 550
1 567
1 320
1 634
Living cost
98
98
98
98
Free-cash
1 452
1 469
1 222
1 536

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
$585
$653
$848
$924
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
78
health
-
-
-
73
income
-
-
-
230
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
395
total
-
-
-
776
Employee
393
-
1 318
-
income
68
-
253
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

28
-
92
-
unemployment
4
-
13
-
health
6
-
18
-
total
106
-
376
-
Employer
393
-
1 318
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

67
-
224
-
other
20
-
66
-
accident
3
-
11
-
health
6
-
18
-
unemployment
4
-
13
-
total
100
-
332
-
Corporate
1 157
1 650
-
-
income
243
346
-
-
total
243
346
-
-
Dividends
914
1 304
-
-
withholding
64
91
-
-
total
64
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
513
437
708
776
After tax
1 137
1 213
942
874
Living cost
289
289
289
289
Free-cash
848
924
653
585

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$385
$235
$357
$380
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
income
-
-
-
443
pensions
-
-
-
93
total
-
-
-
536
Employee
1 031
-
1 444
-
income
186
-
342
-
pensions
99
-
116
-
health
17
-
22
-
total
302
-
480
-
Employer
1 031
-
1 444
-
pensions
122
-
179
-
health
20
-
27
-
total
142
-
206
-
Corporate
478
1 650
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

91
314
-
-
total
91
314
-
-
Dividends
387
1 336
-
-
withholding
29
227
-
-
total
29
227
-
-
Income
1 650
1 650
1 650
1 650
Total tax
564
541
686
536
After tax
1 086
1 109
964
1 114
Living cost
729
729
729
729
Free-cash
357
380
235
385

Estimated living cost  is $729 per week

$546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
$1158
$1222
$1217
$1269
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
248
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
56
total
-
-
-
350
Employee
188
-
1 576
-
income
19
-
158
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
33
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
47
-
212
-
Employer
188
-
1 576
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

21
-
42
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
26
-
unemployment
1
-
2
-
total
37
-
74
-
Corporate
1 425
1 650
-
-
income
143
165
-
-
total
143
165
-
-
Dividends
1 283
1 485
-
-
withholding
64
74
-
-
total
64
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
291
239
286
350
After tax
1 359
1 411
1 364
1 300
Living cost
142
142
142
142
Free-cash
1 217
1 269
1 222
1 158

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$327
$402
$240
$212
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
health
-
-
-
134
income
-
-
-
461
pensions
-
-
-
127
total
-
-
-
722
Employee
1 005
925
1 449
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

151
151
185
-
pensions
127
127
127
-
health
125
121
134
-
total
403
399
446
-
Employer
1 005
925
1 449
-
pensions
70
64
80
-
health
70
64
80
-
unemployment
36
33
41
-
total
176
161
201
-
Corporate
470
563
-
-
income
94
113
-
-
total
94
113
-
-
Dividends
376
450
-
-
withholding
56
68
-
-
income
80
96
-
-
total
136
164
-
-
Income
1 650
1 650
1 650
1 650
Total tax
809
837
647
722
After tax
841
813
1 003
928
Living cost
601
601
601
601
Free-cash
240
212
402
327

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$635
$577
$783
$877
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
374
health
-
-
-
223
income
-
-
-
158
solidarity contribution
-
-
-
-
total
-
-
-
755
Employee
383
-
1 231
-
income
46
-
148
-
solidarity contribution
-
-
-
-
social contributions
25
-
80
-
health
52
-
166
-
total
123
-
394
-
Employer
383
-
1 231
-
health
34
-
111
-
social contributions
96
-
308
-
total
130
-
419
-
Corporate
1 137
1 650
-
-
income
216
313
-
-
total
216
313
-
-
Dividends
921
1 337
-
-
withholding
138
200
-
-
total
138
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
607
513
813
755
After tax
1 043
1 137
837
895
Living cost
260
260
260
260
Free-cash
783
877
577
635

Estimated living cost  is $260 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$347
$271
$366
$424
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
393
regional
-
-
-
19
total
-
-
-
846
Employee
963
-
1 650
-
national
167
-
340
-
social contributions
325
-
556
-
municipal
5
-
9
-
regional
9
-
17
-
total
506
-
922
-
Employer
963
-
1 650
-
total
-
-
-
-
Corporate
687
1 650
-
-
nationa
165
396
-
-
municipal
27
64
-
-
total
192
460
-
-
Dividends
495
1 190
-
-
withholding
129
309
-
-
total
129
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
827
769
922
846
After tax
823
881
728
804
Living cost
457
457
457
457
Free-cash
366
424
271
347

Estimated living cost  is $457 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$544
$490
$766
$799
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
income
-
-
-
413
surtax
-
-
-
60
pensions
-
-
-
289
total
-
-
-
867
Employee
358
-
1 363
-
income
60
-
362
-
pensions
24
-
91
-
unemployment
25
-
95
-
health
9
-
35
-
other
-
-
-
-
surtax
1
-
51
-
total
119
-
634
-
Employer
358
-
1 363
-
pensions
48
-
182
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
75
-
287
-
Corporate
1 216
1 650
-
-
income
316
429
-
-
total
316
429
-
-
Dividends
900
1 221
-
-
withholding
135
183
-
-
total
135
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
645
612
921
867
After tax
1 005
1 038
729
783
Living cost
239
239
239
239
Free-cash
766
799
490
544

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$616
$466
$653
$611
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
income
-
-
-
443
pensions
-
-
-
93
total
-
-
-
536
Employee
691
-
1 444
-
income
124
-
342
-
pensions
59
-
116
-
health
10
-
22
-
total
193
-
480
-
Employer
691
-
1 444
-
pensions
75
-
179
-
health
13
-
27
-
total
88
-
206
-
Corporate
871
1 650
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

165
314
-
-
total
165
314
-
-
Dividends
705
1 336
-
-
withholding
53
227
-
-
total
53
227
-
-
Income
1 650
1 650
1 650
1 650
Total tax
499
541
686
536
After tax
1 151
1 109
964
1 114
Living cost
498
498
498
498
Free-cash
653
611
466
616

Estimated living cost  is $498 per week

$373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
$529
$449
$286
-$64
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
33
health
-
-
-
4
city
-
-
-
17
national
-
-
-
21
regional
-
-
-
75
pensions
-
-
-
152
total
-
-
-
302
Employee
958
-
1 477
-
pensions
81
-
124
-
national
5
-
17
-
unemployment
-
-
-
-
city
10
-
16
-
health
2
-
3
-
regional
31
-
65
-
total
129
-
225
-
Employer
958
-
1 477
-
pensions
81
-
124
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

19
-
30
-
health
2
-
3
-
unemployment
-
-
-
-
total
102
-
157
-
Corporate
579
1 650
-
-
regional
122
349
-
-
national
49
140
-
-
total
171
489
-
-
Dividends
407
1 161
-
-
withholding
143
406
-
-
total
143
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
545
895
382
302
After tax
1 105
755
1 268
1 348
Living cost
819
819
819
819
Free-cash
286
-64
449
529

Estimated living cost  is $819 per week

$533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
$376
$573
$496
$319
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 650
trade
-
-
-
197
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
74
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
481
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
26
total
-
-
-
778
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

651
-
1 650
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

4
-
26
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

77
-
481
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

74
-
74
-
total
155
-
581
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
999
1 650
-
-
trade
171
283
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

8
14
-
-
income
150
248
-
-
chamber of commerce
3
4
-
-
total
332
549
-
-
Dividends
666
1 102
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

9
15
-
-
withholding
162
271
-
-
total
171
286
-
-
Income
1 650
1 650
1 650
1 650
Total tax
658
835
581
778
After tax
992
815
1 069
872
Living cost
496
496
496
496
Free-cash
496
319
573
376

Estimated living cost  is $496 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
$563
$565
$526
$461
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
51
social contributions
-
-
-
47
health
-
-
-
62
income
-
-
-
237
surtax
-
-
-
-
pensions
-
-
-
319
total
-
-
-
716
Employee
464
-
1 293
-
income
27
-
237
-
pensions
52
-
83
-
social contributions
13
-
37
-
surtax
-
-
-
-
total
92
-
357
-
Employer
464
-
1 293
-
pensions
76
-
141
-
other
16
-
48
-
health
32
-
112
-
unemployment
19
-
52
-
social contributions
1
-
4
-
total
144
-
357
-
Corporate
1 041
1 650
-
-
surtax
-
-
-
-
income
292
462
-
-
total
292
462
-
-
Dividends
750
1 188
-
-
surtax
-
-
-
-
social contributions
129
204
-
-
withholding
96
152
-
-
total
225
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
753
818
714
716
After tax
897
832
936
934
Living cost
371
371
371
371
Free-cash
526
461
565
563

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$600
$602
$558
$498
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
51
social contributions
-
-
-
47
health
-
-
-
62
income
-
-
-
237
surtax
-
-
-
-
pensions
-
-
-
319
total
-
-
-
716
Employee
414
-
1 293
-
income
21
-
237
-
pensions
47
-
83
-
social contributions
12
-
37
-
surtax
-
-
-
-
total
80
-
357
-
Employer
414
-
1 293
-
pensions
68
-
141
-
other
14
-
48
-
health
29
-
112
-
unemployment
17
-
52
-
social contributions
1
-
4
-
total
129
-
357
-
Corporate
1 107
1 650
-
-
surtax
-
-
-
-
income
310
462
-
-
total
310
462
-
-
Dividends
797
1 188
-
-
surtax
-
-
-
-
social contributions
137
204
-
-
withholding
102
152
-
-
total
239
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
758
818
714
716
After tax
892
832
936
934
Living cost
334
334
334
334
Free-cash
558
498
602
600

Estimated living cost  is $334 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$829
$803
$782
$778
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
228
health
-
-
-
115
income
-
-
-
248
total
-
-
-
591
Employee
367
-
1 650
-
income
61
-
274
-
social contributions
51
-
228
-
health
26
-
115
-
total
138
-
617
-
Employer
367
-
1 650
-
total
-
-
-
-
Corporate
1 283
1 650
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

64
82
-
-
total
64
82
-
-
Dividends
1 218
1 568
-
-
social contributions
168
216
-
-
health
85
109
-
-
withholding
183
235
-
-
total
436
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
638
642
617
591
After tax
1 012
1 008
1 033
1 059
Living cost
230
230
230
230
Free-cash
782
778
803
829

Estimated living cost  is $230 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$464
$48
$518
$533
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
chamber of commerce
-
-
-
7
unemployment
-
-
-
66
health
-
-
-
97
income
-
-
-
398
surtax
-
-
-
2
pensions
-
-
-
234
total
-
-
-
804
Employee
541
432
1 282
-
income
62
32
313
-
pensions
55
44
130
-
unemployment
16
13
38
-
health
21
17
49
-
other
5
4
13
-
total
159
110
543
-
Employer
541
432
1 282
-
pensions
68
54
159
-
other
26
21
61
-
accident
7
6
16
-
health
20
16
48
-
payroll
16
13
38
-
chamber of commerce
2
2
5
-
unemployment
16
13
38
-
surtax
2
2
2
-
total
157
127
367
-
Corporate
951
1 092
1 241
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

238
273
310
-
total
238
273
310
-
Dividends
713
819
-
-
withholding
196
225
-
-
total
196
225
-
-
Income
1 650
1 650
1 650
1 650
Total tax
750
735
1 220
804
After tax
900
915
430
846
Living cost
382
382
382
382
Free-cash
518
533
48
464

Estimated living cost  is $382 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
$324
$199
$366
$528
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
257
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
84
national
-
-
-
590
total
-
-
-
931
Employee

The minimum management director salary is set at €45,000 per year.

775
-
1 278
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

58
-
96
-
national
238
-
449
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

7
-
11
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

40
-
67
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

36
-
60
-
total
379
-
683
-
Employer

The minimum management director salary is set at €45,000 per year.

775
-
1 278
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

69
-
113
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

10
-
17
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

48
-
79
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

11
-
19
-
surtax
88
-
145
-
total
226
-
373
-
Corporate
649
1 650
-
-
surtax
3
7
-
-
income
130
330
-
-
total
133
337
-
-
Dividends
517
1 313
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

151
390
-
-
total
151
390
-
-
Income
1 650
1 650
1 650
1 650
Total tax
889
727
1 056
931
After tax
761
923
594
719
Living cost
395
395
395
395
Free-cash
366
528
199
324

Estimated living cost  is $395 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$538
$492
$633
$711
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
income
-
-
-
420
pensions
-
-
-
284
total
-
-
-
721
Employee
539
-
1 330
-
income
114
-
383
-
pensions
25
-
47
-
unemployment
8
-
16
-
other
1
-
1
-
total
148
-
447
-
Employer
539
-
1 330
-
pensions
127
-
237
-
other
4
-
8
-
accident
11
-
20
-
unemployment
30
-
55
-
total
172
-
320
-
Corporate
939
1 650
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

141
248
-
-
total
141
248
-
-
Dividends
798
1 402
-
-
withholding
165
300
-
-
total
165
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
626
548
767
721
After tax
1 024
1 102
883
929
Living cost
391
391
391
391
Free-cash
633
711
492
538

Estimated living cost  is $391 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$256
$321
$265
$391
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
accident
-
-
-
14
health
-
-
-
116
income
-
-
-
242
communal
-
-
-
104
surtax
-
-
-
82
pensions
-
-
-
247
total
-
-
-
805
Employee
821
-
1 474
-
income
79
-
290
-
pensions
66
-
118
-
health
37
-
66
-
surtax
50
-
90
-
total
232
-
564
-
Employer
821
-
1 474
-
pensions
66
-
118
-
accident
7
-
13
-
health
25
-
45
-
total
98
-
176
-
Corporate
731
1 650
-
-
communal
49
111
-
-
surtax
8
17
-
-
income
110
248
-
-
total
167
376
-
-
Dividends
565
1 274
-
-
withholding
85
191
-
-
income
214
103
-
-
total
299
294
-
-
Income
1 650
1 650
1 650
1 650
Total tax
796
670
740
805
After tax
854
980
910
845
Living cost
589
589
589
589
Free-cash
265
391
321
256

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$540
$486
$761
$795
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
income
-
-
-
413
surtax
-
-
-
60
pensions
-
-
-
289
total
-
-
-
867
Employee
365
-
1 363
-
income
61
-
362
-
pensions
24
-
91
-
unemployment
25
-
95
-
health
9
-
35
-
other
-
-
-
-
surtax
1
-
51
-
total
120
-
634
-
Employer
365
-
1 363
-
pensions
49
-
182
-
other
-
-
-
-
health
17
-
62
-
unemployment
12
-
43
-
total
78
-
287
-
Corporate
1 208
1 650
-
-
income
314
429
-
-
total
314
429
-
-
Dividends
894
1 221
-
-
withholding
134
183
-
-
total
134
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
646
612
921
867
After tax
1 004
1 038
729
783
Living cost
243
243
243
243
Free-cash
761
795
486
540

Estimated living cost  is $243 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$506
$431
$551
$575
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
393
regional
-
-
-
25
total
-
-
-
852
Employee
601
-
1 650
-
national
95
-
340
-
social contributions
203
-
556
-
municipal
3
-
9
-
regional
8
-
22
-
total
309
-
927
-
Employer
601
-
1 650
-
total
-
-
-
-
Corporate
1 049
1 650
-
-
nationa
252
396
-
-
municipal
52
82
-
-
total
304
478
-
-
Dividends
745
1 172
-
-
withholding
194
305
-
-
total
194
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
807
783
927
852
After tax
843
867
723
798
Living cost
292
292
292
292
Free-cash
551
575
431
506

Estimated living cost  is $292 per week

$182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$574
$516
$700
$816
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
374
health
-
-
-
223
income
-
-
-
158
solidarity contribution
-
-
-
-
total
-
-
-
755
Employee
472
-
1 231
-
income
57
-
148
-
solidarity contribution
-
-
-
-
social contributions
31
-
80
-
health
64
-
166
-
total
152
-
394
-
Employer
472
-
1 231
-
health
42
-
111
-
social contributions
118
-
308
-
total
160
-
419
-
Corporate
1 018
1 650
-
-
income
193
313
-
-
total
193
313
-
-
Dividends
825
1 337
-
-
withholding
124
200
-
-
total
124
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
629
513
813
755
After tax
1 021
1 137
837
895
Living cost
321
321
321
321
Free-cash
700
816
516
574

Estimated living cost  is $321 per week

$238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$502
$83
$566
$570
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
chamber of commerce
-
-
-
7
unemployment
-
-
-
66
health
-
-
-
97
income
-
-
-
398
surtax
-
-
-
-
pensions
-
-
-
234
total
-
-
-
802
Employee
474
432
1 284
-
income
42
32
314
-
pensions
49
44
130
-
unemployment
14
13
38
-
health
18
17
49
-
other
5
4
13
-
total
128
110
544
-
Employer
474
432
1 284
-
pensions
59
54
159
-
other
22
21
61
-
accident
6
6
16
-
health
18
16
48
-
payroll
14
13
39
-
chamber of commerce
2
2
5
-
unemployment
14
13
38
-
surtax
-
-
-
-
total
135
125
366
-
Corporate
1 040
1 094
1 243
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

260
273
311
-
total
260
273
311
-
Dividends
780
820
-
-
withholding
215
226
-
-
total
215
226
-
-
Income
1 650
1 650
1 650
1 650
Total tax
738
734
1 221
802
After tax
912
916
429
848
Living cost
346
346
346
346
Free-cash
566
570
83
502

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
$1482
$1168
$1387
$1415
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 650
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
16
total
-
-
-
16
Employee
190
-
1 650
-
income
38
-
330
-
total
38
-
330
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 460
1 650
-
-
total
-
-
-
-
Dividends
1 460
1 650
-
-
withholding
73
83
-
-
total
73
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
111
83
330
16
After tax
1 539
1 567
1 320
1 634
Living cost
152
152
152
152
Free-cash
1 387
1 415
1 168
1 482

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$529
$485
$755
$846
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 650
unemployment
-
-
-
2
health
-
-
-
162
income
-
-
-
365
pensions
-
-
-
301
total
-
-
-
830
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

479
-
1 428
-
income
83
-
337
-
pensions
74
-
221
-
unemployment
1
-
2
-
health
31
-
92
-
total
189
-
652
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

479
-
1 428
-
pensions
42
-
126
-
health
32
-
95
-
unemployment
-
-
1
-
total
74
-
222
-
Corporate
1 096
1 650
-
-
income
208
313
-
-
total
208
313
-
-
Dividends
888
1 337
-
-
withholding
133
200
-
-
total
133
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
604
513
874
830
After tax
1 046
1 137
776
820
Living cost
291
291
291
291
Free-cash
755
846
485
529

Estimated living cost  is $291 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$674
$1042
$23
$538
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
188
income
-
-
-
322
total
-
-
-
510
Employee
669
-
-
-
income
148
-
-
-
social contributions
55
-
8
-
total
203
-
8
-
Employer
669
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
38
1 650
-
-
income
8
363
-
-
total
8
363
-
-
Dividends
30
1 287
-
-
income
7
283
-
-
total
7
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 161
646
142
510
After tax
489
1 004
1 508
1 140
Living cost
466
466
466
466
Free-cash
23
538
1 042
674

Estimated living cost  is $466 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$553
$434
$587
$599
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 650
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
573
income
-
-
-
184
surtax
-
-
-
-
total
-
-
-
757
Employee
498
-
1 333
-
income
104
-
412
-
social contributions
55
-
147
-
surtax
-
-
-
-
total
159
-
559
-
Employer
498
-
1 333
-
social contributions
118
-
317
-
total
118
-
317
-
Corporate
1 033
1 650
-
-
surtax
-
-
-
-
income
217
346
-
-
total
217
346
-
-
Dividends
816
1 304
-
-
withholding
229
365
-
-
total
229
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
723
711
876
757
After tax
927
939
774
893
Living cost
340
340
340
340
Free-cash
587
599
434
553

Estimated living cost  is $340 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$411
$413
$384
$309
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
51
social contributions
-
-
-
47
health
-
-
-
62
income
-
-
-
237
surtax
-
-
-
-
pensions
-
-
-
319
total
-
-
-
716
Employee
679
-
1 293
-
income
59
-
237
-
pensions
77
-
83
-
social contributions
19
-
37
-
surtax
-
-
-
-
total
155
-
357
-
Employer
679
-
1 293
-
pensions
112
-
141
-
other
23
-
48
-
health
47
-
112
-
unemployment
27
-
52
-
social contributions
2
-
4
-
total
211
-
357
-
Corporate
759
1 650
-
-
surtax
-
-
-
-
income
213
462
-
-
total
213
462
-
-
Dividends
547
1 188
-
-
surtax
-
-
-
-
social contributions
94
204
-
-
withholding
70
152
-
-
total
164
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
743
818
714
716
After tax
907
832
936
934
Living cost
523
523
523
523
Free-cash
384
309
413
411

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$898
$942
$1122
$1159
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
363
income
-
-
-
63
total
-
-
-
426
Employee
348
-
1 429
-
social contributions
23
-
93
-
income
-
-
68
-
total
23
-
161
-
Employer
348
-
1 429
-
social contributions
54
-
221
-
total
54
-
221
-
Corporate
1 248
1 650
-
-
income
125
165
-
-
total
125
165
-
-
Dividends
1 123
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
202
165
382
426
After tax
1 448
1 485
1 268
1 224
Living cost
326
326
326
326
Free-cash
1 122
1 159
942
898

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
$467
-$711
-$711
-$711
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
municipal
-
-
-
336
national
-
-
-
185
labour market
-
-
-
131
pensions
-
-
-
9
total
-
-
-
661
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
pensions
3
3
3
-
national
269
269
269
-
municipal
469
469
469
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
pensions
6
6
6
-
municipal
470
470
470
-
national
270
270
270
-
labour market
176
176
176
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 839
1 839
1 839
661
After tax
-189
-189
-189
989
Living cost
522
522
522
522
Free-cash
-711
-711
-711
467

Estimated living cost  is $522 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$894
$654
$99
-$100
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
446
pensions
-
-
-
45
total
-
-
-
522
Employee
368
-
1 470
-
income
50
-
332
-
pensions
41
-
82
-
health
42
-
168
-
total
133
-
582
-
Employer
368
-
1 470
-
pensions
60
-
119
-
accident
6
-
25
-
unemployment
9
-
36
-
total
75
-
180
-
Corporate
1 207
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 086
1 485
-
-
total
1 086
1 485
-
-
Dividends
121
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 317
1 516
762
522
After tax
333
134
888
1 128
Living cost
234
234
234
234
Free-cash
99
-100
654
894

Estimated living cost  is $234 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
$686
$466
$656
$634
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 650
municipal
-
-
-
293
health
-
-
-
21
national
-
-
-
234
total
-
-
-
548
Employee
570
-
1 388
-
pensions
38
-
94
-
national
9
-
148
-
municipal
93
-
226
-
unemployment
9
-
21
-
health
4
-
17
-
total
153
-
506
-
Employer
570
-
1 388
-
pensions
99
-
241
-
accident
1
-
1
-
health
4
-
11
-
unemployment
4
-
9
-
total
108
-
262
-
Corporate
972
1 650
-
-
income
194
330
-
-
total
194
330
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

583
990
-
-
municipal
105
178
-
-
national
18
92
-
-
total
123
270
-
-
Income
1 650
1 650
1 650
1 650
Total tax
578
600
768
548
After tax
1 072
1 050
882
1 102
Living cost
416
416
416
416
Free-cash
656
634
466
686

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
$890
$875
$894
$954
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
175
health
-
-
-
42
income
-
-
-
292
total
-
-
-
509
Employee
833
833
1 528
-
income
91
77
284
-
social contributions
32
69
93
-
health
6
14
26
-
total
129
160
403
-
Employer
833
833
1 528
-
health
7
15
28
-
social contributions
32
69
93
-
total
39
84
121
-
Corporate
1 232
732
-
-
income
154
92
-
-
total
154
92
-
-
Dividends
1 078
641
-
-
withholding
183
109
-
-
total
183
109
-
-
Income
1 650
1 650
1 650
1 650
Total tax
505
445
524
509
After tax
1 145
1 205
1 126
1 141
Living cost
251
251
251
251
Free-cash
894
954
875
890

Estimated living cost  is $251 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1204
$987
$1139
$1194
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 650
unemployment
-
-
-
-
health
-
-
-
39
income
-
-
-
166
pensions
-
-
-
69
total
-
-
-
274
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

249
-
1 544
-
income
17
-
139
-
pensions
37
-
154
-
unemployment
1
-
5
-
health
21
-
87
-
total
76
-
385
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

249
-
1 544
-
pensions
14
-
57
-
health
11
-
44
-
unemployment
1
-
5
-
total
26
-
106
-
Corporate
1 376
1 650
-
-
income
124
149
-
-
total
124
149
-
-
Dividends
1 252
1 501
-
-
withholding
113
135
-
-
total
113
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
339
284
491
274
After tax
1 311
1 366
1 159
1 376
Living cost
172
172
172
172
Free-cash
1 139
1 194
987
1 204

Estimated living cost  is $172 per week

$110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$631
$585
$756
$804
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
income
-
-
-
420
pensions
-
-
-
284
total
-
-
-
721
Employee
401
-
1 330
-
income
77
-
383
-
pensions
19
-
47
-
unemployment
6
-
16
-
other
-
-
1
-
total
102
-
447
-
Employer
401
-
1 330
-
pensions
95
-
237
-
other
3
-
8
-
accident
8
-
20
-
unemployment
22
-
55
-
total
128
-
320
-
Corporate
1 122
1 650
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

168
248
-
-
total
168
248
-
-
Dividends
953
1 402
-
-
withholding
198
300
-
-
total
198
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
596
548
767
721
After tax
1 054
1 102
883
929
Living cost
298
298
298
298
Free-cash
756
804
585
631

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1024
$1024
$995
$1000
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
health
-
-
-
16
income
-
-
-
558
pensions
-
-
-
22
total
-
-
-
596
Employee
45
-
1 626
-
income
9
-
556
-
pensions
4
-
10
-
unemployment
-
-
1
-
health
2
-
5
-
total
15
-
572
-
Employer
45
-
1 626
-
pensions
5
-
12
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
24
-
Corporate
1 595
1 650
-
-
income
351
363
-
-
total
351
363
-
-
Dividends
1 244
1 287
-
-
withholding
249
257
-
-
total
249
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
625
620
596
596
After tax
1 025
1 030
1 054
1 054
Living cost
30
30
30
30
Free-cash
995
1 000
1 024
1 024

Estimated living cost  is $30 per week

$18
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$794
$794
$950
$1006
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
1 650
unemployment
-
-
-
12
health
-
-
-
82
income
-
-
-
367
pensions
-
-
-
208
total
-
-
-
669
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

283
-
1 507
-
income
39
-
367
-
pensions
40
-
112
-
unemployment
2
-
6
-
health
15
-
41
-
total
96
-
526
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

283
-
1 507
-
pensions
34
-
96
-
health
15
-
41
-
unemployment
2
-
6
-
total
51
-
143
-
Corporate
1 317
1 650
-
-
income
198
247
-
-
total
198
247
-
-
Dividends
1 119
1 403
-
-
withholding
168
210
-
-
total
168
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
513
457
669
669
After tax
1 137
1 193
981
981
Living cost
187
187
187
187
Free-cash
950
1 006
794
794

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$601
$482
$643
$647
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 650
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
573
income
-
-
-
184
surtax
-
-
-
-
total
-
-
-
757
Employee
421
-
1 333
-
income
82
-
412
-
social contributions
46
-
147
-
surtax
-
-
-
-
total
128
-
559
-
Employer
421
-
1 333
-
social contributions
100
-
317
-
total
100
-
317
-
Corporate
1 130
1 650
-
-
surtax
-
-
-
-
income
237
346
-
-
total
237
346
-
-
Dividends
892
1 304
-
-
withholding
250
365
-
-
total
250
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
715
711
876
757
After tax
935
939
774
893
Living cost
292
292
292
292
Free-cash
643
647
482
601

Estimated living cost  is $292 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$548
$502
$647
$721
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
income
-
-
-
420
pensions
-
-
-
284
total
-
-
-
721
Employee
523
-
1 330
-
income
109
-
383
-
pensions
25
-
47
-
unemployment
8
-
16
-
other
1
-
1
-
total
143
-
447
-
Employer
523
-
1 330
-
pensions
123
-
237
-
other
4
-
8
-
accident
10
-
20
-
unemployment
29
-
55
-
total
166
-
320
-
Corporate
960
1 650
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

144
248
-
-
total
144
248
-
-
Dividends
816
1 402
-
-
withholding
169
300
-
-
total
169
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
622
548
767
721
After tax
1 028
1 102
883
929
Living cost
381
381
381
381
Free-cash
647
721
502
548

Estimated living cost  is $381 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1114
$1178
$1159
$1225
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
248
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
56
total
-
-
-
350
Employee
247
-
1 576
-
income
25
-
158
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

22
-
33
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
61
-
212
-
Employer
247
-
1 576
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

27
-
42
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
17
-
26
-
unemployment
1
-
2
-
total
48
-
74
-
Corporate
1 355
1 650
-
-
income
135
165
-
-
total
135
165
-
-
Dividends
1 219
1 485
-
-
withholding
61
74
-
-
total
61
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
305
239
286
350
After tax
1 345
1 411
1 364
1 300
Living cost
186
186
186
186
Free-cash
1 159
1 225
1 178
1 114

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$487
$651
$575
$430
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 650
trade
-
-
-
164
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
74
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
481
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
26
total
-
-
-
745
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

539
-
1 650
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
26
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

44
-
481
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

74
-
74
-
total
120
-
581
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 111
1 650
-
-
trade
159
237
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

9
14
-
-
income
167
248
-
-
chamber of commerce
3
4
-
-
total
338
503
-
-
Dividends
772
1 148
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

10
16
-
-
withholding
189
283
-
-
total
199
299
-
-
Income
1 650
1 650
1 650
1 650
Total tax
657
802
581
745
After tax
993
848
1 069
905
Living cost
418
418
418
418
Free-cash
575
430
651
487

Estimated living cost  is $418 per week

$289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
$283
$283
$563
$538
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
269
income
-
-
-
481
total
-
-
-
750
Employee
848
-
1 650
-
social contributions
70
-
269
-
income
160
-
481
-
total
230
-
750
-
Employer
848
-
1 650
-
total
-
-
-
-
Corporate
802
1 650
-
-
income
100
206
-
-
total
100
206
-
-
Dividends
702
1 444
-
-
withholding
140
289
-
-
total
140
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
470
495
750
750
After tax
1 180
1 155
900
900
Living cost
617
617
617
617
Free-cash
563
538
283
283

Estimated living cost  is $617 per week

$470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$877
$796
$660
$622
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 650
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
72
income
-
-
-
308
total
-
-
-
380
Employee
497
-
1 600
-
social contributions
50
-
50
-
income
54
-
361
-
total
104
-
411
-
Employer
497
-
1 600
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 103
1 650
-
-
income
386
578
-
-
total
386
578
-
-
Dividends
717
1 072
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 650
1 650
1 650
1 650
Total tax
597
635
461
380
After tax
1 053
1 015
1 189
1 270
Living cost
393
393
393
393
Free-cash
660
622
796
877

Estimated living cost  is $393 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$709
$559
$769
$704
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
income
-
-
-
443
pensions
-
-
-
93
total
-
-
-
536
Employee
556
-
1 444
-
income
101
-
342
-
pensions
42
-
116
-
health
7
-
22
-
total
150
-
480
-
Employer
556
-
1 444
-
pensions
56
-
179
-
health
11
-
27
-
total
67
-
206
-
Corporate
1 028
1 650
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

195
314
-
-
total
195
314
-
-
Dividends
832
1 336
-
-
withholding
64
227
-
-
total
64
227
-
-
Income
1 650
1 650
1 650
1 650
Total tax
476
541
686
536
After tax
1 174
1 109
964
1 114
Living cost
405
405
405
405
Free-cash
769
704
559
709

Estimated living cost  is $405 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
$871
$631
$94
-$123
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
446
pensions
-
-
-
45
total
-
-
-
522
Employee
404
-
1 470
-
income
55
-
332
-
pensions
46
-
82
-
health
46
-
168
-
total
147
-
582
-
Employer
404
-
1 470
-
pensions
66
-
119
-
accident
7
-
25
-
unemployment
10
-
36
-
total
83
-
180
-
Corporate
1 163
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 047
1 485
-
-
total
1 047
1 485
-
-
Dividends
116
165
-
-
withholding
22
31
-
-
total
22
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 299
1 516
762
522
After tax
351
134
888
1 128
Living cost
257
257
257
257
Free-cash
94
-123
631
871

Estimated living cost  is $257 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
$782
$999
$1193
$1243
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 650
work injury
-
-
-
8
unemployment
-
-
-
20
income
-
-
-
268
health insurance
-
-
-
122
pensions
-
-
-
304
total
-
-
-
722
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

234
-
1 650
-
income
23
-
268
-
work injury
1
-
4
-
pensions
43
-
159
-
unemployment
3
-
10
-
health insurance
17
-
64
-
total
87
-
505
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 416
1 650
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

14
16
-
-
total
14
16
-
-
Dividends
1 402
1 634
-
-
withholding
210
245
-
-
total
210
245
-
-
Income
1 650
1 650
1 650
1 650
Total tax
311
261
505
722
After tax
1 339
1 389
1 145
928
Living cost
146
146
146
146
Free-cash
1 193
1 243
999
782

Estimated living cost  is $146 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$352
$279
$388
$437
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
municipal
-
-
-
11
national
-
-
-
393
regional
-
-
-
38
total
-
-
-
866
Employee
913
-
1 650
-
national
154
-
340
-
social contributions
308
-
556
-
municipal
5
-
10
-
regional
14
-
33
-
total
481
-
939
-
Employer
913
-
1 650
-
total
-
-
-
-
Corporate
737
1 650
-
-
nationa
177
396
-
-
municipal
36
80
-
-
total
213
476
-
-
Dividends
525
1 174
-
-
withholding
136
305
-
-
total
136
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
830
781
939
866
After tax
820
869
711
784
Living cost
432
432
432
432
Free-cash
388
437
279
352

Estimated living cost  is $432 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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