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
$ 1700
per

Your estimated
City
free-cash

Dresden , Germany
$494
$749
$569
$627
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.

-
-
-
1 700
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.

-
-
-
479
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
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.

-
-
-
82
trade
-
-
-
180
total
-
-
-
767
Employee

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

460
-
1 700
-
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.

13
-
479
-
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.

82
-
82
-
total
96
-
587
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 240
1 700
-
-
income
186
255
-
-
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
-
-
chamber of commerce
4
4
-
-
trade
195
268
-
-
total
395
541
-
-
Dividends
845
1 159
-
-
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
16
-
-
withholding
207
285
-
-
total
218
301
-
-
Income
1 700
1 700
1 700
1 700
Total tax
709
842
587
767
After tax
991
858
1 113
933
Living cost
364
364
364
364
Free-cash
627
494
749
569

Estimated living cost  is $364 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
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.
$86
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
$423
$387
$374
$412
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
-
-
-
1 700
social contributions
-
-
-
18
municipal
-
-
-
183
national
-
-
-
283
pensions
-
-
-
204
total
-
-
-
688
Employee
988
-
1 470
-
municipal
122
-
189
-
pensions
40
-
59
-
national
189
-
293
-
total
351
-
541
-
Employer
988
-
1 470
-
pensions
79
-
118
-
social contributions
11
-
16
-
total
90
-
134
-
Corporate
557
1 700
-
-
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%.

111
340
-
-
total
111
340
-
-
Dividends
445
1 360
-
-
withholding
98
299
-
-
total
98
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
650
639
675
688
After tax
1 050
1 061
1 025
1 012
Living cost
638
638
638
638
Free-cash
412
423
387
374

Estimated living cost  is $638 per week

$433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
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.
$135
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
$1110
$702
$285
$1010
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.

-
-
-
1 700
income
-
-
-
271
surtax
-
-
-
433
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.

-
-
-
461
microenterprise
-
-
-
-
total
-
-
-
1 165
Employee
351
-
1 370
-
surtax
-
-
-
-
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.

39
-
151
-
income
63
-
267
-
total
102
-
418
-
Employer
351
-
1 370
-
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.

85
-
330
-
surtax
-
-
-
-
total
85
-
330
-
Corporate
1 264
1 700
-
-
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%.

253
340
-
-
total
253
340
-
-
Dividends

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

1 011
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
440
340
748
1 165
After tax
1 260
1 360
952
535
Living cost
250
250
250
250
Free-cash
1 010
1 110
702
285

Estimated living cost  is $250 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
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.
$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 Riga model

Close
Rotterdam , Netherlands
$332
$512
$464
$258
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
-
-
-
1 700
income
-
-
-
443
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
732
Employee
1 027
1 027
1 477
-
pensions
185
141
141
-
income

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

168
168
171
-
health
158
134
148
-
total
511
443
460
-
Employer
1 027
1 027
1 477
-
health
71
71
89
-
pensions
71
71
89
-
unemployment
37
37
46
-
total
179
179
224
-
Corporate
506
493
-
-
income
101
99
-
-
total
101
99
-
-
Dividends
405
395
-
-
income
86
84
-
-
withholding
61
59
-
-
total
147
143
-
-
Income
1 700
1 700
1 700
1 700
Total tax
938
864
684
732
After tax
762
836
1 016
968
Living cost
504
504
504
504
Free-cash
258
332
512
464

Estimated living cost  is $504 per week

$357
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.
$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.
$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 Rotterdam model

Close
Stockholm , Sweden
$434
$392
$406
$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
-
-
-
1 700
accident
-
-
-
2
other
-
-
-
126
unemployment
-
-
-
1
health
-
-
-
68
municipal
-
-
-
413
national
-
-
-
73
pensions
-
-
-
117
total
-
-
-
800
Employee
704
-
1 360
-
municipal
210
-
405
-
national
-
-
68
-
total
210
-
473
-
Employer
704
-
1 360
-
health
43
-
67
-
pensions
76
-
117
-
accident
1
-
2
-
unemployment
19
-
29
-
other
82
-
126
-
total
221
-
341
-
Corporate
775
1 700
-
-
income
170
374
-
-
total
170
374
-
-
Dividends
604
1 326
-
-
withholding
181
398
-
-
total
181
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
772
814
800
After tax
918
928
886
900
Living cost
494
494
494
494
Free-cash
424
434
392
406

Estimated living cost  is $494 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
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 Stockholm model

Close
Hamburg , Germany
$377
$641
$453
$547
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.

-
-
-
1 700
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.

-
-
-
479
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
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.

-
-
-
82
trade
-
-
-
188
total
-
-
-
775
Employee

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

610
-
1 700
-
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.

52
-
479
-
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.

82
-
82
-
total
137
-
587
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 090
1 700
-
-
income
164
255
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
179
280
-
-
total
355
553
-
-
Dividends
735
1 147
-
-
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
179
282
-
-
total
189
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
681
851
587
775
After tax
1 019
849
1 113
925
Living cost
472
472
472
472
Free-cash
547
377
641
453

Estimated living cost  is $472 per week

$316
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.
$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.
$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

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
$851
$775
$793
$802
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
-
-
-
1 700
income
-
-
-
279
social contributions
-
-
-
195
health
-
-
-
43
total
-
-
-
517
Employee
925
925
1 567
-
social contributions
45
77
104
-
income
97
86
271
-
health
9
16
27
-
total
151
179
402
-
Employer
925
925
1 567
-
health
10
17
29
-
social contributions
45
77
104
-
total
55
94
133
-
Corporate
1 104
681
-
-
income
138
85
-
-
total
138
85
-
-
Dividends
966
596
-
-
withholding
164
101
-
-
total
164
101
-
-
Income
1 700
1 700
1 700
1 700
Total tax
508
459
535
517
After tax
1 192
1 241
1 165
1 183
Living cost
390
390
390
390
Free-cash
802
851
775
793

Estimated living cost  is $390 per week

$267
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.
$86
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
$734
$765
$957
$739
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
-
-
-
1 700
income
-
-
-
208
unemployment
-
-
-
25
health
-
-
-
119
pensions
-
-
-
170
total
-
-
-
522
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.

319
127
1 423
-
unemployment
5
2
21
-
pensions
32
13
142
-
income
39
16
174
-
health
22
9
100
-
total
98
40
437
-
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.

319
127
1 423
-
pensions
62
25
277
-
total
62
25
277
-
Corporate
1 319
1 548
-
-
income
119
139
-
-
total
119
139
-
-
Dividends
1 200
1 409
-
-
social contributions
233
273
-
-
withholding
228
268
-
-
total
461
541
-
-
Income
1 700
1 700
1 700
1 700
Total tax
740
745
714
522
After tax
960
955
986
1 178
Living cost
221
221
221
221
Free-cash
739
734
765
957

Estimated living cost  is $221 per week

$151
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.
$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 Budapest model

Close
Tallinn , Estonia
$1070
$691
$621
$996
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
-
-
-
1 700
income
-
-
-
228
health
-
-
-
221
pensions
-
-
-
340
total
-
-
-
789
Employee
341
-
1 271
-
unemployment
5
-
20
-
pensions
7
-
25
-
income
38
-
245
-
total
50
-
290
-
Employer
341
-
1 271
-
health
44
-
165
-
pensions
68
-
254
-
unemployment
3
-
10
-
total
115
-
429
-
Corporate
1 243
1 700
-
-
income
249
340
-
-
total
249
340
-
-
Dividends
995
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
414
340
719
789
After tax
1 286
1 360
981
911
Living cost
290
290
290
290
Free-cash
996
1 070
691
621

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
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.
$68
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
-$130
$640
$895
$97
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
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
451
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
537
Employee
422
-
1 504
-
pensions
47
-
93
-
income
58
-
331
-
health
48
-
172
-
total
153
-
596
-
Employer
422
-
1 504
-
pensions
69
-
134
-
accident
7
-
25
-
unemployment
10
-
37
-
total
86
-
196
-
Corporate
1 192
1 700
-
-
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.

1 073
1 530
-
-
total
1 073
1 530
-
-
Dividends
119
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 335
1 562
792
537
After tax
365
138
908
1 163
Living cost
268
268
268
268
Free-cash
97
-130
640
895

Estimated living cost  is $268 per week

$196
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.
$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.
$51
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
$1518
$1263
$1586
$1500
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
121
-
1 700
-
income
24
-
340
-
total
24
-
340
-
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%.

1 579
1 700
-
-
total
-
-
-
-
Dividends
1 579
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
103
85
340
17
After tax
1 597
1 615
1 360
1 683
Living cost
97
97
97
97
Free-cash
1 500
1 518
1 263
1 586

Estimated living cost  is $97 per week

$60
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
$929
$652
$583
$849
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
-
-
-
1 700
income
-
-
-
233
other
-
-
-
81
health
-
-
-
75
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.

-
-
-
408
total
-
-
-
797
Employee
437
-
1 358
-
unemployment
4
-
14
-
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.

31
-
95
-
income
75
-
257
-
health
6
-
19
-
total
116
-
385
-
Employer
437
-
1 358
-
health
6
-
19
-
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.

74
-
231
-
accident
3
-
11
-
unemployment
4
-
14
-
other
22
-
68
-
total
109
-
343
-
Corporate
1 153
1 700
-
-
income
242
357
-
-
total
242
357
-
-
Dividends
911
1 343
-
-
withholding
64
94
-
-
total
64
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
531
451
728
797
After tax
1 169
1 249
972
903
Living cost
320
320
320
320
Free-cash
849
929
652
583

Estimated living cost  is $320 per week

$226
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.
$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.
$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 Bratislava model

Close
London , United Kingdom
$359
$205
$361
$314
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
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
1 128
-
1 489
-
pensions
109
-
125
-
income
203
-
339
-
health
19
-
23
-
total
331
-
487
-
Employer
1 128
-
1 489
-
health
21
-
28
-
pensions
133
-
183
-
total
154
-
211
-
Corporate
417
1 700
-
-
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.

79
323
-
-
total
79
323
-
-
Dividends
338
1 377
-
-
withholding
25
221
-
-
total
25
221
-
-
Income
1 700
1 700
1 700
1 700
Total tax
589
544
698
542
After tax
1 111
1 156
1 002
1 158
Living cost
797
797
797
797
Free-cash
314
359
205
361

Estimated living cost  is $797 per week

$597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
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

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
$1295
$1236
$1175
$1241
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
-
-
-
1 700
income
-
-
-
255
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
367
Employee
209
-
1 618
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
162
-
health
10
-
19
-
total
51
-
223
-
Employer
209
-
1 618
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 450
1 700
-
-
income
145
170
-
-
total
145
170
-
-
Dividends
1 305
1 530
-
-
withholding
65
77
-
-
total
65
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
301
247
306
367
After tax
1 399
1 453
1 394
1 333
Living cost
158
158
158
158
Free-cash
1 241
1 295
1 236
1 175

Estimated living cost  is $158 per week

$92
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.
$50
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
$169
$349
$301
$199
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
-
-
-
1 700
income
-
-
-
443
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
732
Employee
1 115
1 027
1 477
-
pensions
141
141
141
-
income

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

168
168
171
-
health
139
134
148
-
total
448
443
460
-
Employer
1 115
1 027
1 477
-
health
77
71
89
-
pensions
78
71
89
-
unemployment
40
37
46
-
total
195
179
224
-
Corporate
390
493
-
-
income
78
99
-
-
total
78
99
-
-
Dividends
312
395
-
-
income
66
84
-
-
withholding
47
59
-
-
total
113
143
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
864
684
732
After tax
866
836
1 016
968
Living cost
667
667
667
667
Free-cash
199
169
349
301

Estimated living cost  is $667 per week

$492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$60
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.
$108
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
$871
$565
$585
$764
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
-
-
-
1 700
income
-
-
-
156
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
230
total
-
-
-
816
Employee
439
-
1 269
-
solidarity contribution
-
-
-
-
social contributions
29
-
82
-
income
53
-
152
-
health
59
-
171
-
total
141
-
405
-
Employer
439
-
1 269
-
health
40
-
114
-
social contributions
110
-
317
-
total
150
-
431
-
Corporate
1 111
1 700
-
-
income
211
323
-
-
total
211
323
-
-
Dividends
900
1 377
-
-
withholding
135
207
-
-
total
135
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
637
530
836
816
After tax
1 063
1 170
864
884
Living cost
299
299
299
299
Free-cash
764
871
565
585

Estimated living cost  is $299 per week

$208
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.
$64
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
$400
$250
$330
$338
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
-
-
-
1 700
social contributions
-
-
-
437
regional
-
-
-
20
municipal
-
-
-
10
national
-
-
-
396
total
-
-
-
863
Employee
1 069
-
1 700
-
municipal
6
-
9
-
national
185
-
344
-
regional
10
-
17
-
social contributions
360
-
573
-
total
561
-
943
-
Employer
1 069
-
1 700
-
total
-
-
-
-
Corporate
631
1 700
-
-
municipal
25
66
-
-
nationa
151
408
-
-
total
176
474
-
-
Dividends
455
1 226
-
-
withholding
118
319
-
-
total
118
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
855
793
943
863
After tax
845
907
757
837
Living cost
507
507
507
507
Free-cash
338
400
250
330

Estimated living cost  is $507 per week

$354
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.
$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.
$113
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
$804
$500
$542
$766
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
-
-
-
1 700
income
-
-
-
399
other
-
-
-
-
surtax
-
-
-
56
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
893
Employee
398
-
1 404
-
other
-
-
-
-
unemployment
28
-
98
-
pensions
27
-
94
-
surtax
1
-
50
-
income
67
-
361
-
health
10
-
36
-
total
133
-
639
-
Employer
398
-
1 404
-
health
18
-
64
-
pensions
53
-
187
-
unemployment
13
-
45
-
other
-
-
-
-
total
84
-
296
-
Corporate
1 219
1 700
-
-
income
317
442
-
-
total
317
442
-
-
Dividends
902
1 258
-
-
withholding
135
189
-
-
total
135
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
669
631
935
893
After tax
1 031
1 069
765
807
Living cost
265
265
265
265
Free-cash
766
804
500
542

Estimated living cost  is $265 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
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.
$73
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
$611
$457
$613
$635
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
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
756
-
1 489
-
pensions
64
-
125
-
income
136
-
339
-
health
11
-
23
-
total
211
-
487
-
Employer
756
-
1 489
-
health
14
-
28
-
pensions
82
-
183
-
total
96
-
211
-
Corporate
848
1 700
-
-
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.

161
323
-
-
total
161
323
-
-
Dividends
687
1 377
-
-
withholding
52
221
-
-
total
52
221
-
-
Income
1 700
1 700
1 700
1 700
Total tax
520
544
698
542
After tax
1 180
1 156
1 002
1 158
Living cost
545
545
545
545
Free-cash
635
611
457
613

Estimated living cost  is $545 per week

$408
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.
$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

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
-$176
$362
$445
$232
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
-
-
-
1 700
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.

-
-
-
34
regional
-
-
-
72
health
-
-
-
4
city
-
-
-
18
national
-
-
-
19
pensions
-
-
-
156
total
-
-
-
303
Employee
1 115
-
1 522
-
unemployment
-
-
-
-
pensions
94
-
128
-
national
5
-
15
-
regional
36
-
62
-
city
12
-
16
-
health
3
-
3
-
total
150
-
224
-
Employer
1 115
-
1 522
-
health
3
-
3
-
pensions
94
-
128
-
unemployment
-
-
-
-
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.

22
-
30
-
total
119
-
161
-
Corporate
455
1 700
-
-
regional
96
360
-
-
national
39
145
-
-
total
135
505
-
-
Dividends
320
1 196
-
-
withholding
112
419
-
-
total
112
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
516
924
385
303
After tax
1 184
776
1 315
1 397
Living cost
952
952
952
952
Free-cash
232
-176
362
445

Estimated living cost  is $952 per week

$619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
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.
$236
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
$290
$562
$366
$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

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

-
-
-
1 700
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.

-
-
-
479
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
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.

-
-
-
82
trade
-
-
-
196
total
-
-
-
783
Employee

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

723
-
1 700
-
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.

5
-
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.

85
-
479
-
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.

82
-
82
-
total
172
-
587
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
977
1 700
-
-
income
147
255
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
168
292
-
-
total
326
565
-
-
Dividends
652
1 135
-
-
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
158
279
-
-
total
167
294
-
-
Income
1 700
1 700
1 700
1 700
Total tax
665
859
587
783
After tax
1 035
841
1 113
917
Living cost
551
551
551
551
Free-cash
484
290
562
366

Estimated living cost  is $551 per week

$402
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.
$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

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
$445
$570
$554
$516
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
-
-
-
1 700
income
-
-
-
232
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
59
pensions
-
-
-
343
total
-
-
-
735
Employee
515
-
1 341
-
pensions
58
-
83
-
surtax
-
-
-
-
social contributions
15
-
38
-
income
30
-
239
-
total
103
-
360
-
Employer
515
-
1 341
-
health
36
-
112
-
pensions
85
-
141
-
unemployment
21
-
54
-
social contributions
2
-
4
-
other
18
-
48
-
total
162
-
359
-
Corporate
1 025
1 700
-
-
income
287
476
-
-
surtax
-
-
-
-
total
287
476
-
-
Dividends
738
1 224
-
-
surtax
-
-
-
-
social contributions
127
211
-
-
withholding
94
157
-
-
total
221
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
773
844
719
735
After tax
927
856
981
965
Living cost
411
411
411
411
Free-cash
516
445
570
554

Estimated living cost  is $411 per week

$259
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.
$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.
$112
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
$485
$610
$594
$553
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
-
-
-
1 700
income
-
-
-
232
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
59
pensions
-
-
-
343
total
-
-
-
735
Employee
459
-
1 341
-
pensions
52
-
83
-
surtax
-
-
-
-
social contributions
13
-
38
-
income
24
-
239
-
total
89
-
360
-
Employer
459
-
1 341
-
health
32
-
112
-
pensions
75
-
141
-
unemployment
19
-
54
-
social contributions
1
-
4
-
other
16
-
48
-
total
143
-
359
-
Corporate
1 097
1 700
-
-
income
307
476
-
-
surtax
-
-
-
-
total
307
476
-
-
Dividends
790
1 224
-
-
surtax
-
-
-
-
social contributions
136
211
-
-
withholding
101
157
-
-
total
237
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
776
844
719
735
After tax
924
856
981
965
Living cost
371
371
371
371
Free-cash
553
485
610
594

Estimated living cost  is $371 per week

$215
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.
$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.
$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 Marseille model

Close
Vilnius , Lithuania
$782
$813
$836
$789
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
-
-
-
1 700
income
-
-
-
255
social contributions
-
-
-
235
health
-
-
-
119
total
-
-
-
609
Employee
408
-
1 700
-
social contributions
56
-
235
-
income
68
-
278
-
health
28
-
119
-
total
152
-
632
-
Employer
408
-
1 700
-
total
-
-
-
-
Corporate
1 292
1 700
-
-
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%.

65
85
-
-
total
65
85
-
-
Dividends
1 228
1 615
-
-
social contributions
169
223
-
-
withholding
184
242
-
-
health
86
113
-
-
total
439
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
656
663
632
609
After tax
1 044
1 037
1 068
1 091
Living cost
255
255
255
255
Free-cash
789
782
813
836

Estimated living cost  is $255 per week

$171
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.
$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.
$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 Vilnius model

Close
Vienna , Austria
$522
$27
$441
$502
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
-
-
-
1 700
income
-
-
-
385
surtax
-
-
-
2
unemployment
-
-
-
74
chamber of commerce
-
-
-
7
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
835
Employee
601
479
1 318
-
other
6
5
13
-
unemployment
18
14
40
-
pensions
62
49
135
-
income
68
35
310
-
health
23
19
51
-
total
177
122
549
-
Employer
601
479
1 318
-
chamber of commerce
2
2
5
-
health
23
18
50
-
pensions
75
60
165
-
accident
8
6
17
-
unemployment
18
14
40
-
surtax
2
2
2
-
payroll
18
14
40
-
other
29
23
63
-
total
175
139
382
-
Corporate
924
1 080
1 273
-
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.

231
270
318
-
total
231
270
318
-
Dividends
693
810
-
-
withholding
191
223
-
-
total
191
223
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
754
1 249
835
After tax
926
946
451
865
Living cost
424
424
424
424
Free-cash
502
522
27
441

Estimated living cost  is $424 per week

$283
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.
$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

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
$513
$184
$311
$334
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
-
-
-
1 700
communal

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

-
-
-
86
social contributions
-
-
-
267
national
-
-
-
598
total
-
-
-
951
Employee

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

860
-
1 317
-
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.

45
-
69
-
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.

65
-
99
-
national
264
-
454
-
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.

40
-
62
-
total
421
-
695
-
Employer

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

860
-
1 317
-
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.

53
-
81
-
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.

76
-
117
-
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.

11
-
17
-
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.

13
-
19
-
surtax
98
-
149
-
total
251
-
383
-
Corporate
589
1 700
-
-
income
118
340
-
-
surtax
2
7
-
-
total
120
347
-
-
Dividends
469
1 353
-
-
withholding

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

136
402
-
-
total
136
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
928
749
1 078
951
After tax
772
951
622
749
Living cost
438
438
438
438
Free-cash
334
513
184
311

Estimated living cost  is $438 per week

$282
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.
$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.
$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 Brussels model

Close
Barcelona , Spain
$704
$468
$525
$614
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
-
-
-
1 700
accident
-
-
-
10
income
-
-
-
407
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
741
Employee
599
-
1 345
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
373
-
total
164
-
443
-
Employer
599
-
1 345
-
pensions
141
-
263
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
355
-
Corporate
911
1 700
-
-
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.

137
255
-
-
total
137
255
-
-
Dividends
774
1 445
-
-
withholding
160
307
-
-
total
160
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
652
562
798
741
After tax
1 048
1 138
902
959
Living cost
434
434
434
434
Free-cash
614
704
468
525

Estimated living cost  is $434 per week

$320
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.
$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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$362
$302
$235
$230
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
-
-
-
1 700
communal
-
-
-
107
accident
-
-
-
14
income
-
-
-
232
surtax
-
-
-
84
health
-
-
-
119
pensions
-
-
-
255
total
-
-
-
811
Employee
911
-
1 519
-
pensions
73
-
121
-
surtax
56
-
93
-
income
88
-
281
-
health
41
-
68
-
total
258
-
563
-
Employer
911
-
1 519
-
health
28
-
46
-
pensions
73
-
121
-
accident
8
-
14
-
total
109
-
181
-
Corporate
680
1 700
-
-
communal
46
115
-
-
income
102
255
-
-
surtax
7
18
-
-
total
155
388
-
-
Dividends
525
1 312
-
-
income
215
99
-
-
withholding
79
197
-
-
total
294
296
-
-
Income
1 700
1 700
1 700
1 700
Total tax
816
684
744
811
After tax
884
1 016
956
889
Living cost
654
654
654
654
Free-cash
230
362
302
235

Estimated living cost  is $654 per week

$490
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.
$117
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
$799
$495
$537
$762
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
-
-
-
1 700
income
-
-
-
399
other
-
-
-
-
surtax
-
-
-
56
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
893
Employee
405
-
1 404
-
other
-
-
-
-
unemployment
28
-
98
-
pensions
27
-
94
-
surtax
1
-
50
-
income
68
-
361
-
health
10
-
36
-
total
134
-
639
-
Employer
405
-
1 404
-
health
18
-
64
-
pensions
54
-
187
-
unemployment
13
-
45
-
other
-
-
-
-
total
85
-
296
-
Corporate
1 210
1 700
-
-
income
315
442
-
-
total
315
442
-
-
Dividends
895
1 258
-
-
withholding
134
189
-
-
total
134
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
668
631
935
893
After tax
1 032
1 069
765
807
Living cost
270
270
270
270
Free-cash
762
799
495
537

Estimated living cost  is $270 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
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 of data for Athens model

Close
Naples , Italy
$570
$427
$507
$542
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
-
-
-
1 700
social contributions
-
-
-
437
regional
-
-
-
26
municipal
-
-
-
10
national
-
-
-
396
total
-
-
-
869
Employee
667
-
1 700
-
municipal
4
-
9
-
national
106
-
344
-
regional
9
-
23
-
social contributions
225
-
573
-
total
344
-
949
-
Employer
667
-
1 700
-
total
-
-
-
-
Corporate
1 033
1 700
-
-
municipal
51
84
-
-
nationa
248
408
-
-
total
299
492
-
-
Dividends
734
1 208
-
-
withholding
191
314
-
-
total
191
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
806
949
869
After tax
866
894
751
831
Living cost
324
324
324
324
Free-cash
542
570
427
507

Estimated living cost  is $324 per week

$201
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.
$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 Naples model

Close
Prague , Czech Republic
$802
$496
$516
$672
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
-
-
-
1 700
income
-
-
-
156
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
230
total
-
-
-
816
Employee
541
-
1 269
-
solidarity contribution
-
-
-
-
social contributions
35
-
82
-
income
65
-
152
-
health
73
-
171
-
total
173
-
405
-
Employer
541
-
1 269
-
health
49
-
114
-
social contributions
135
-
317
-
total
184
-
431
-
Corporate
974
1 700
-
-
income
185
323
-
-
total
185
323
-
-
Dividends
789
1 377
-
-
withholding
118
207
-
-
total
118
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
660
530
836
816
After tax
1 040
1 170
864
884
Living cost
368
368
368
368
Free-cash
672
802
496
516

Estimated living cost  is $368 per week

$274
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.
$68
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
$563
$67
$483
$555
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
-
-
-
1 700
income
-
-
-
385
surtax
-
-
-
-
unemployment
-
-
-
74
chamber of commerce
-
-
-
7
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
833
Employee
526
479
1 320
-
other
5
5
13
-
unemployment
16
14
40
-
pensions
54
49
135
-
income
47
35
310
-
health
20
19
51
-
total
142
122
549
-
Employer
526
479
1 320
-
chamber of commerce
2
2
5
-
health
20
18
50
-
pensions
66
60
166
-
accident
7
6
17
-
unemployment
16
14
40
-
surtax
-
-
-
-
payroll
16
14
40
-
other
25
23
63
-
total
152
137
381
-
Corporate
1 023
1 083
1 274
-
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.

256
271
319
-
total
256
271
319
-
Dividends
767
812
-
-
withholding
211
223
-
-
total
211
223
-
-
Income
1 700
1 700
1 700
1 700
Total tax
761
753
1 249
833
After tax
939
947
451
867
Living cost
384
384
384
384
Free-cash
555
563
67
483

Estimated living cost  is $384 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
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.
$107
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
$1464
$1209
$1532
$1435
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
189
-
1 700
-
income
38
-
340
-
total
38
-
340
-
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%.

1 511
1 700
-
-
total
-
-
-
-
Dividends
1 511
1 700
-
-
withholding
76
85
-
-
total
76
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
114
85
340
17
After tax
1 586
1 615
1 360
1 683
Living cost
151
151
151
151
Free-cash
1 435
1 464
1 209
1 532

Estimated living cost  is $151 per week

$102
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.
$37
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
$847
$484
$529
$748
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.

-
-
-
1 700
income
-
-
-
368
unemployment
-
-
-
3
health
-
-
-
167
pensions
-
-
-
310
total
-
-
-
848
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.

532
-
1 471
-
unemployment
1
-
2
-
pensions
82
-
228
-
income
92
-
339
-
health
34
-
95
-
total
209
-
664
-
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.

532
-
1 471
-
health
35
-
98
-
pensions
47
-
130
-
unemployment
-
-
1
-
total
82
-
229
-
Corporate
1 085
1 700
-
-
income
206
323
-
-
total
206
323
-
-
Dividends
879
1 377
-
-
withholding
132
207
-
-
total
132
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
629
530
893
848
After tax
1 071
1 170
807
852
Living cost
323
323
323
323
Free-cash
748
847
484
529

Estimated living cost  is $323 per week

$221
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.
$74
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
$507
$1012
$648
-$121
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
-
-
-
1 700
income
-
-
-
331
social contributions
-
-
-
194
total
-
-
-
525
Employee
755
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
755
-
-
-
social contributions
1 065
-
152
-
total
1 065
-
152
-
Corporate
-
1 700
-
-
income
-
374
-
-
total
-
374
-
-
Dividends
-
1 326
-
-
income
-
292
-
-
total
-
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 294
666
161
525
After tax
406
1 034
1 539
1 175
Living cost
527
527
527
527
Free-cash
-121
507
1 012
648

Estimated living cost  is $527 per week

$342
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.
$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.
$129
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
$590
$432
$547
$578
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.

-
-
-
1 700
income
-
-
-
185
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
776
Employee
553
-
1 374
-
surtax
-
-
-
-
social contributions
61
-
151
-
income
115
-
414
-
total
176
-
565
-
Employer
553
-
1 374
-
social contributions
131
-
326
-
total
131
-
326
-
Corporate
1 016
1 700
-
-
income
213
357
-
-
surtax
-
-
-
-
total
213
357
-
-
Dividends
802
1 343
-
-
withholding
225
376
-
-
total
225
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
745
733
891
776
After tax
955
967
809
924
Living cost
377
377
377
377
Free-cash
578
590
432
547

Estimated living cost  is $377 per week

$282
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.
$66
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
$275
$400
$384
$358
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
-
-
-
1 700
income
-
-
-
232
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
59
pensions
-
-
-
343
total
-
-
-
735
Employee
753
-
1 341
-
pensions
85
-
83
-
surtax
-
-
-
-
social contributions
21
-
38
-
income
66
-
239
-
total
172
-
360
-
Employer
753
-
1 341
-
health
53
-
112
-
pensions
124
-
141
-
unemployment
31
-
54
-
social contributions
2
-
4
-
other
26
-
48
-
total
236
-
359
-
Corporate
712
1 700
-
-
income
199
476
-
-
surtax
-
-
-
-
total
199
476
-
-
Dividends
512
1 224
-
-
surtax
-
-
-
-
social contributions
88
211
-
-
withholding
66
157
-
-
total
154
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
761
844
719
735
After tax
939
856
981
965
Living cost
581
581
581
581
Free-cash
358
275
400
384

Estimated living cost  is $581 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
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.
$132
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
$1168
$950
$904
$1129
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
-
-
-
1 700
income
-
-
-
60
social contributions
-
-
-
374
total
-
-
-
434
Employee
387
-
1 472
-
income
-
-
65
-
social contributions
25
-
96
-
total
25
-
161
-
Employer
387
-
1 472
-
social contributions
60
-
228
-
total
60
-
228
-
Corporate
1 253
1 700
-
-
income
125
170
-
-
total
125
170
-
-
Dividends
1 128
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
210
170
389
434
After tax
1 490
1 530
1 311
1 266
Living cost
362
362
362
362
Free-cash
1 129
1 168
950
904

Estimated living cost  is $362 per week

$234
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.
$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.
$94
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
-$917
-$917
$448
-$917
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
-
-
-
1 700
labour market
-
-
-
135
municipal
-
-
-
342
national
-
-
-
186
pensions
-
-
-
10
total
-
-
-
673
Employee
2 443
2 443
2 443
-
municipal
520
520
520
-
labour market
195
195
195
-
pensions
3
3
3
-
national
298
298
298
-
total
1 016
1 016
1 016
-
Employer
2 443
2 443
2 443
-
national
299
299
299
-
labour market
195
195
195
-
pensions
7
7
7
-
municipal
521
521
521
-
total
1 022
1 022
1 022
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
2 038
2 038
2 038
673
After tax
-338
-338
-338
1 027
Living cost
579
579
579
579
Free-cash
-917
-917
-917
448

Estimated living cost  is $579 per week

$396
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.
$9
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.
$123
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
-$126
$644
$899
$96
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
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
451
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
537
Employee
415
-
1 504
-
pensions
47
-
93
-
income
57
-
331
-
health
48
-
172
-
total
152
-
596
-
Employer
415
-
1 504
-
pensions
68
-
134
-
accident
7
-
25
-
unemployment
10
-
37
-
total
85
-
196
-
Corporate
1 200
1 700
-
-
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
1 530
-
-
total
1 080
1 530
-
-
Dividends
120
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 340
1 562
792
537
After tax
360
138
908
1 163
Living cost
264
264
264
264
Free-cash
96
-126
644
899

Estimated living cost  is $264 per week

$192
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.
$52
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
$629
$457
$690
$645
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

-
-
-
1 700
health
-
-
-
21
municipal
-
-
-
302
national
-
-
-
225
total
-
-
-
548
Employee
633
-
1 430
-
municipal
104
-
233
-
unemployment
9
-
21
-
pensions
43
-
97
-
national
10
-
144
-
health
5
-
17
-
total
171
-
512
-
Employer
633
-
1 430
-
health
5
-
11
-
pensions
110
-
248
-
accident
1
-
1
-
unemployment
4
-
9
-
total
120
-
269
-
Corporate
948
1 700
-
-
income
190
340
-
-
total
190
340
-
-
Dividends

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

569
1 020
-
-
municipal
102
184
-
-
national
10
85
-
-
total
112
269
-
-
Income
1 700
1 700
1 700
1 700
Total tax
593
609
781
548
After tax
1 107
1 091
919
1 152
Living cost
462
462
462
462
Free-cash
645
629
457
690

Estimated living cost  is $462 per week

$302
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.
$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.
$108
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
$963
$887
$905
$897
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
-
-
-
1 700
income
-
-
-
279
social contributions
-
-
-
195
health
-
-
-
43
total
-
-
-
517
Employee
925
925
1 567
-
social contributions
35
77
104
-
income
101
86
271
-
health
7
16
27
-
total
143
179
402
-
Employer
925
925
1 567
-
health
8
17
29
-
social contributions
35
77
104
-
total
43
94
133
-
Corporate
1 236
681
-
-
income
155
85
-
-
total
155
85
-
-
Dividends
1 081
596
-
-
withholding
184
101
-
-
total
184
101
-
-
Income
1 700
1 700
1 700
1 700
Total tax
525
459
535
517
After tax
1 175
1 241
1 165
1 183
Living cost
278
278
278
278
Free-cash
897
963
887
905

Estimated living cost  is $278 per week

$167
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 Larnaca model

Close
Podgorica , Montenegro
$1217
$977
$1219
$1157
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
-
-
-
1 700
income
-
-
-
170
unemployment
-
-
-
-
health
-
-
-
44
pensions
-
-
-
76
total
-
-
-
290
Employee

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

276
-
1 582
-
unemployment
1
-
6
-
pensions
41
-
171
-
income
19
-
140
-
health
23
-
97
-
total
84
-
414
-
Employer

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

276
-
1 582
-
health
12
-
49
-
pensions
15
-
63
-
unemployment
1
-
6
-
total
28
-
118
-
Corporate
1 396
1 700
-
-
income
126
153
-
-
total
126
153
-
-
Dividends
1 270
1 547
-
-
withholding
114
139
-
-
total
114
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
352
292
532
290
After tax
1 348
1 408
1 168
1 410
Living cost
191
191
191
191
Free-cash
1 157
1 217
977
1 219

Estimated living cost  is $191 per week

$122
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.
$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.
$50
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
$807
$571
$628
$750
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
-
-
-
1 700
accident
-
-
-
10
income
-
-
-
407
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
741
Employee
445
-
1 345
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
86
-
373
-
total
114
-
443
-
Employer
445
-
1 345
-
pensions
105
-
263
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
142
-
355
-
Corporate
1 114
1 700
-
-
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.

167
255
-
-
total
167
255
-
-
Dividends
947
1 445
-
-
withholding
196
307
-
-
total
196
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
619
562
798
741
After tax
1 081
1 138
902
959
Living cost
331
331
331
331
Free-cash
750
807
571
628

Estimated living cost  is $331 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
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 Valencia model

Close
Istanbul , Turkey
$1038
$1067
$1069
$1035
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
-
-
-
1 700
income
-
-
-
579
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
608
Employee
35
-
1 681
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
578
-
health
2
-
4
-
total
12
-
591
-
Employer
35
-
1 681
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 657
1 700
-
-
income
364
374
-
-
total
364
374
-
-
Dividends
1 292
1 326
-
-
withholding
258
265
-
-
total
258
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
642
639
610
608
After tax
1 058
1 061
1 090
1 092
Living cost
23
23
23
23
Free-cash
1 035
1 038
1 067
1 069

Estimated living cost  is $23 per week

$14
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.
$7
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
$1020
$780
$781
$961
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.

-
-
-
1 700
income
-
-
-
375
unemployment
-
-
-
13
health
-
-
-
92
pensions
-
-
-
231
total
-
-
-
711
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.

314
-
1 541
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
375
-
health
16
-
46
-
total
105
-
552
-
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.

314
-
1 541
-
health
16
-
46
-
pensions
38
-
107
-
unemployment
2
-
7
-
total
56
-
160
-
Corporate
1 330
1 700
-
-
income
200
255
-
-
total
200
255
-
-
Dividends
1 131
1 445
-
-
withholding
170
217
-
-
total
170
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
531
472
712
711
After tax
1 169
1 228
988
989
Living cost
208
208
208
208
Free-cash
961
1 020
780
781

Estimated living cost  is $208 per week

$140
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.
$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.
$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

Source of data for Belgrade model

Close
Porto , Portugal
$643
$485
$600
$639
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.

-
-
-
1 700
income
-
-
-
185
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
776
Employee
467
-
1 374
-
surtax
-
-
-
-
social contributions
51
-
151
-
income
91
-
414
-
total
142
-
565
-
Employer
467
-
1 374
-
social contributions
111
-
326
-
total
111
-
326
-
Corporate
1 122
1 700
-
-
income
236
357
-
-
surtax
-
-
-
-
total
236
357
-
-
Dividends
887
1 343
-
-
withholding
248
376
-
-
total
248
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
891
776
After tax
963
967
809
924
Living cost
324
324
324
324
Free-cash
639
643
485
600

Estimated living cost  is $324 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
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.
$66
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
$715
$479
$536
$629
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
-
-
-
1 700
accident
-
-
-
10
income
-
-
-
407
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
741
Employee
581
-
1 345
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
373
-
total
158
-
443
-
Employer
581
-
1 345
-
pensions
137
-
263
-
accident
12
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
186
-
355
-
Corporate
934
1 700
-
-
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.

140
255
-
-
total
140
255
-
-
Dividends
794
1 445
-
-
withholding
164
307
-
-
total
164
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
648
562
798
741
After tax
1 052
1 138
902
959
Living cost
423
423
423
423
Free-cash
629
715
479
536

Estimated living cost  is $423 per week

$304
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.
$80
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
$1246
$1187
$1126
$1173
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
-
-
-
1 700
income
-
-
-
255
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
367
Employee
274
-
1 618
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
162
-
health
13
-
19
-
total
67
-
223
-
Employer
274
-
1 618
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 372
1 700
-
-
income
137
170
-
-
total
137
170
-
-
Dividends
1 235
1 530
-
-
withholding
62
77
-
-
total
62
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
320
247
306
367
After tax
1 380
1 453
1 394
1 333
Living cost
207
207
207
207
Free-cash
1 173
1 246
1 187
1 126

Estimated living cost  is $207 per week

$137
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.
$53
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
$412
$649
$485
$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

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

-
-
-
1 700
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.

-
-
-
479
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
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.

-
-
-
82
trade
-
-
-
164
total
-
-
-
751
Employee

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

598
-
1 700
-
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.

49
-
479
-
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.

82
-
82
-
total
134
-
587
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 102
1 700
-
-
income
165
255
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
158
244
-
-
total
335
517
-
-
Dividends
766
1 183
-
-
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
187
291
-
-
total
197
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
666
824
587
751
After tax
1 034
876
1 113
949
Living cost
464
464
464
464
Free-cash
570
412
649
485

Estimated living cost  is $464 per week

$320
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.
$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.
$87
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
$505
$260
$260
$531
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
-
-
-
1 700
income
-
-
-
481
social contributions
-
-
-
274
total
-
-
-
755
Employee
941
-
1 700
-
income
178
-
481
-
social contributions
78
-
274
-
total
256
-
755
-
Employer
941
-
1 700
-
total
-
-
-
-
Corporate
759
1 700
-
-
income
95
212
-
-
total
95
212
-
-
Dividends
664
1 488
-
-
withholding
133
298
-
-
total
133
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
484
510
755
755
After tax
1 216
1 190
945
945
Living cost
685
685
685
685
Free-cash
531
505
260
260

Estimated living cost  is $685 per week

$521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
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.
$102
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
$604
$798
$849
$646
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.

-
-
-
1 700
income
-
-
-
342
health

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

-
-
-
72
total
-
-
-
414
Employee
552
-
1 645
-
income
60
-
355
-
social contributions
55
-
55
-
total
115
-
410
-
Employer
552
-
1 645
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 093
1 700
-
-
income
383
595
-
-
total
383
595
-
-
Dividends
710
1 105
-
-
social contributions
64
64
-
-
total
64
64
-
-
Income
1 700
1 700
1 700
1 700
Total tax
617
659
465
414
After tax
1 083
1 041
1 235
1 286
Living cost
437
437
437
437
Free-cash
646
604
798
849

Estimated living cost  is $437 per week

$288
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.
$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.
$108
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
$713
$559
$715
$763
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
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
608
-
1 489
-
pensions
46
-
125
-
income
111
-
339
-
health
8
-
23
-
total
165
-
487
-
Employer
608
-
1 489
-
health
12
-
28
-
pensions
61
-
183
-
total
73
-
211
-
Corporate
1 019
1 700
-
-
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.

194
323
-
-
total
194
323
-
-
Dividends
826
1 377
-
-
withholding
62
221
-
-
total
62
221
-
-
Income
1 700
1 700
1 700
1 700
Total tax
494
544
698
542
After tax
1 206
1 156
1 002
1 158
Living cost
443
443
443
443
Free-cash
763
713
559
715

Estimated living cost  is $443 per week

$304
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

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
-$152
$618
$873
$94
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
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
451
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
537
Employee
457
-
1 504
-
pensions
51
-
93
-
income
63
-
331
-
health
52
-
172
-
total
166
-
596
-
Employer
457
-
1 504
-
pensions
74
-
134
-
accident
8
-
25
-
unemployment
11
-
37
-
total
93
-
196
-
Corporate
1 150
1 700
-
-
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.

1 035
1 530
-
-
total
1 035
1 530
-
-
Dividends
115
170
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 316
1 562
792
537
After tax
384
138
908
1 163
Living cost
290
290
290
290
Free-cash
94
-152
618
873

Estimated living cost  is $290 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
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.
$54
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
$1269
$999
$797
$1213
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.

-
-
-
1 700
income
-
-
-
274
unemployment
-
-
-
20
work injury
-
-
-
8
health insurance
-
-
-
126
pensions
-
-
-
313
total
-
-
-
741
Employee

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

260
-
1 700
-
health insurance
19
-
71
-
unemployment
3
-
12
-
work injury
1
-
5
-
pensions
48
-
177
-
income
26
-
274
-
total
97
-
539
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 440
1 700
-
-
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
17
-
-
total
14
17
-
-
Dividends
1 426
1 683
-
-
withholding
214
252
-
-
total
214
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
325
269
539
741
After tax
1 375
1 431
1 161
959
Living cost
162
162
162
162
Free-cash
1 213
1 269
999
797

Estimated living cost  is $162 per week

$101
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 Skopje model

Close
Rome , Italy
$416
$261
$339
$362
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
-
-
-
1 700
social contributions
-
-
-
437
regional
-
-
-
38
municipal
-
-
-
11
national
-
-
-
396
total
-
-
-
882
Employee
1 013
-
1 700
-
municipal
6
-
10
-
national
171
-
344
-
regional
15
-
33
-
social contributions
342
-
573
-
total
534
-
960
-
Employer
1 013
-
1 700
-
total
-
-
-
-
Corporate
687
1 700
-
-
municipal
33
82
-
-
nationa
165
408
-
-
total
198
490
-
-
Dividends
489
1 210
-
-
withholding
127
315
-
-
total
127
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
859
805
960
882
After tax
841
895
740
818
Living cost
479
479
479
479
Free-cash
362
416
261
339

Estimated living cost  is $479 per week

$337
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.
$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.
$102
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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