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
$506
$635
$572
$755
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
trade
-
-
-
183
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.

-
-
-
487
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.

-
-
-
79
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.

-
-
-
27
total
-
-
-
776
Employee

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

445
-
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.

12
-
487
-
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
-
27
-
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.

79
-
79
-
total
92
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 255
1 700
-
-
income
188
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
-
-
trade
198
268
-
-
chamber of commerce
4
4
-
-
total
400
541
-
-
Dividends
855
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.

12
16
-
-
withholding
209
285
-
-
total
221
301
-
-
Income
1 700
1 700
1 700
1 700
Total tax
713
842
593
776
After tax
987
858
1 107
924
Living cost
352
352
352
352
Free-cash
635
506
755
572

Estimated living cost  is $352 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
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
$427
$416
$378
$391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
183
national
-
-
-
283
pensions
-
-
-
204
social contributions
-
-
-
18
total
-
-
-
688
Employee
982
-
1 470
-
national
188
-
293
-
pensions
39
-
59
-
municipal
121
-
189
-
total
348
-
541
-
Employer
982
-
1 470
-
social contributions
11
-
16
-
pensions
79
-
118
-
total
90
-
134
-
Corporate
564
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%.

113
340
-
-
total
113
340
-
-
Dividends
451
1 360
-
-
withholding
99
299
-
-
total
99
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
634
634
634
634
Free-cash
416
427
391
378

Estimated living cost  is $634 per week

$431
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.
$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.
$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
$1118
$1022
$303
$798
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
microenterprise
-
-
-
-
income
-
-
-
275
surtax
-
-
-
434
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.

-
-
-
446
total
-
-
-
1 155
Employee
340
-
1 211
-
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.

37
-
133
-
income
61
-
235
-
surtax
-
-
-
-
total
98
-
368
-
Employer
340
-
1 211
-
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.

82
-
292
-
surtax
-
-
-
-
total
82
-
292
-
Corporate
1 278
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%.

256
340
-
-
total
256
340
-
-
Dividends

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

1 023
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
436
340
660
1 155
After tax
1 264
1 360
1 040
545
Living cost
242
242
242
242
Free-cash
1 022
1 118
798
303

Estimated living cost  is $242 per week

$154
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$348
$278
$477
$538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
457
health
-
-
-
143
pensions
-
-
-
136
total
-
-
-
736
Employee
993
993
1 484
-
pensions
179
136
136
-
income

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

163
163
180
-
health
152
130
143
-
total
494
429
459
-
Employer
993
993
1 484
-
health
69
69
86
-
pensions
69
69
86
-
unemployment
36
36
44
-
total
174
174
216
-
Corporate
545
533
-
-
income
109
107
-
-
total
109
107
-
-
Dividends
436
426
-
-
income
93
91
-
-
withholding
65
64
-
-
total
158
155
-
-
Income
1 700
1 700
1 700
1 700
Total tax
935
865
675
736
After tax
765
835
1 025
964
Living cost
487
487
487
487
Free-cash
278
348
538
477

Estimated living cost  is $487 per week

$345
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.
$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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$464
$454
$431
$419
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
municipal
-
-
-
419
national
-
-
-
92
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
63
pensions
-
-
-
110
other
-
-
-
118
total
-
-
-
805
Employee
661
-
1 381
-
national
-
-
86
-
municipal
197
-
412
-
total
197
-
498
-
Employer
661
-
1 381
-
health
41
-
62
-
pensions
71
-
110
-
accident
1
-
2
-
other
77
-
118
-
unemployment
17
-
27
-
total
207
-
319
-
Corporate
832
1 700
-
-
income
183
374
-
-
total
183
374
-
-
Dividends
649
1 326
-
-
withholding
195
398
-
-
total
195
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
772
817
805
After tax
918
928
883
895
Living cost
464
464
464
464
Free-cash
454
464
419
431

Estimated living cost  is $464 per week

$307
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.
$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.
$104
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
$392
$555
$459
$650
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
trade
-
-
-
191
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.

-
-
-
487
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.

-
-
-
79
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.

-
-
-
27
total
-
-
-
784
Employee

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

590
-
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.

51
-
487
-
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
-
27
-
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.

79
-
79
-
total
133
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 110
1 700
-
-
income
167
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
-
-
trade
183
280
-
-
chamber of commerce
3
4
-
-
total
362
553
-
-
Dividends
748
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
183
282
-
-
total
193
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
688
851
593
784
After tax
1 012
849
1 107
916
Living cost
457
457
457
457
Free-cash
555
392
650
459

Estimated living cost  is $457 per week

$306
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.
$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.
$96
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
$865
$817
$803
$787
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
-
-
-
289
health
-
-
-
43
social contributions
-
-
-
188
total
-
-
-
520
Employee
894
894
1 571
-
social contributions
43
74
100
-
income
94
83
280
-
health
9
15
27
-
total
146
172
407
-
Employer
894
894
1 571
-
social contributions
43
74
100
-
health
10
17
29
-
total
53
91
129
-
Corporate
1 123
715
-
-
income
140
89
-
-
total
140
89
-
-
Dividends
983
625
-
-
withholding
167
106
-
-
total
167
106
-
-
Income
1 700
1 700
1 700
1 700
Total tax
506
458
536
520
After tax
1 194
1 242
1 164
1 180
Living cost
377
377
377
377
Free-cash
817
865
787
803

Estimated living cost  is $377 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Limassol model

Close
Budapest , Hungary
$728
$733
$950
$758
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
unemployment
-
-
-
25
income
-
-
-
208
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.

330
131
1 423
-
pensions
33
13
142
-
unemployment
5
2
21
-
income
40
16
174
-
health
23
9
100
-
total
101
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.

330
131
1 423
-
pensions
64
26
277
-
total
64
26
277
-
Corporate
1 306
1 543
-
-
income
118
139
-
-
total
118
139
-
-
Dividends
1 189
1 404
-
-
social contributions
230
272
-
-
withholding
226
267
-
-
total
456
539
-
-
Income
1 700
1 700
1 700
1 700
Total tax
739
744
714
522
After tax
961
956
986
1 178
Living cost
228
228
228
228
Free-cash
733
728
758
950

Estimated living cost  is $228 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
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
$1079
$1006
$630
$700
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
330
-
1 271
-
pensions
7
-
25
-
unemployment
5
-
20
-
income
37
-
245
-
total
49
-
290
-
Employer
330
-
1 271
-
health
43
-
165
-
pensions
66
-
254
-
unemployment
3
-
10
-
total
112
-
429
-
Corporate
1 258
1 700
-
-
income
252
340
-
-
total
252
340
-
-
Dividends
1 007
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
413
340
719
789
After tax
1 287
1 360
981
911
Living cost
281
281
281
281
Free-cash
1 006
1 079
700
630

Estimated living cost  is $281 per week

$193
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.
$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 Tallinn model

Close
Gdansk , Poland
-$115
$97
$910
$659
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
-
-
-
457
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
537
Employee
397
-
1 511
-
pensions
45
-
88
-
income
55
-
339
-
health
45
-
173
-
total
145
-
600
-
Employer
397
-
1 511
-
pensions
65
-
126
-
accident
7
-
25
-
unemployment
10
-
37
-
total
82
-
188
-
Corporate
1 222
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.

1 100
1 530
-
-
total
1 100
1 530
-
-
Dividends
122
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 350
1 562
788
537
After tax
350
138
912
1 163
Living cost
253
253
253
253
Free-cash
97
-115
659
910

Estimated living cost  is $253 per week

$185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1514
$1495
$1582
$1259
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
126
-
1 700
-
income
25
-
340
-
total
25
-
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%.

1 574
1 700
-
-
total
-
-
-
-
Dividends
1 574
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
104
85
340
17
After tax
1 596
1 615
1 360
1 683
Living cost
101
101
101
101
Free-cash
1 495
1 514
1 259
1 582

Estimated living cost  is $101 per week

$62
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.
$27
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
$939
$860
$591
$661
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
-
-
-
235
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
other
-
-
-
81
total
-
-
-
799
Employee
422
-
1 358
-
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.

30
-
95
-
unemployment
4
-
14
-
income
73
-
258
-
health
6
-
19
-
total
113
-
386
-
Employer
422
-
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.

72
-
231
-
accident
3
-
11
-
other
21
-
68
-
unemployment
4
-
14
-
total
106
-
343
-
Corporate
1 171
1 700
-
-
income
246
357
-
-
total
246
357
-
-
Dividends
925
1 343
-
-
withholding
65
94
-
-
total
65
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
530
451
729
799
After tax
1 170
1 249
971
901
Living cost
310
310
310
310
Free-cash
860
939
661
591

Estimated living cost  is $310 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$370
$331
$372
$217
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
-
-
-
448
pensions
-
-
-
98
total
-
-
-
546
Employee
1 106
-
1 488
-
pensions
107
-
123
-
income
199
-
344
-
health
18
-
23
-
total
324
-
490
-
Employer
1 106
-
1 488
-
health
21
-
28
-
pensions
131
-
183
-
total
152
-
211
-
Corporate
442
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.

84
323
-
-
total
84
323
-
-
Dividends
358
1 377
-
-
withholding
27
225
-
-
total
27
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
587
548
701
546
After tax
1 113
1 152
999
1 154
Living cost
782
782
782
782
Free-cash
331
370
217
372

Estimated living cost  is $782 per week

$586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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.
$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

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
$1299
$1245
$1181
$1244
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
unemployment
-
-
-
2
income
-
-
-
255
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
365
Employee
204
-
1 619
-
pensions

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

18
-
36
-
income
20
-
162
-
health
9
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
total
49
-
222
-
Employer
204
-
1 619
-
health
14
-
28
-
pensions

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

23
-
45
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
80
-
Corporate
1 455
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 310
1 530
-
-
withholding
66
77
-
-
total
66
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
301
247
302
365
After tax
1 399
1 453
1 398
1 335
Living cost
154
154
154
154
Free-cash
1 245
1 299
1 244
1 181

Estimated living cost  is $154 per week

$90
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.
$49
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
$190
$219
$319
$380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
457
health
-
-
-
143
pensions
-
-
-
136
total
-
-
-
736
Employee
1 078
993
1 484
-
pensions
136
136
136
-
income

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

163
163
180
-
health
135
130
143
-
total
434
429
459
-
Employer
1 078
993
1 484
-
health
75
69
86
-
pensions
75
69
86
-
unemployment
39
36
44
-
total
189
174
216
-
Corporate
433
533
-
-
income
87
107
-
-
total
87
107
-
-
Dividends
346
426
-
-
income
74
91
-
-
withholding
52
64
-
-
total
126
155
-
-
Income
1 700
1 700
1 700
1 700
Total tax
836
865
675
736
After tax
864
835
1 025
964
Living cost
645
645
645
645
Free-cash
219
190
380
319

Estimated living cost  is $645 per week

$476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$104
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
$881
$779
$607
$575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
solidarity contribution
-
-
-
-
income
-
-
-
158
health
-
-
-
230
social contributions
-
-
-
416
total
-
-
-
804
Employee
425
-
1 269
-
social contributions
28
-
82
-
income
51
-
152
-
solidarity contribution
-
-
-
-
health
57
-
171
-
total
136
-
405
-
Employer
425
-
1 269
-
social contributions
106
-
317
-
health
38
-
114
-
total
144
-
431
-
Corporate
1 131
1 700
-
-
income
215
323
-
-
total
215
323
-
-
Dividends
916
1 377
-
-
withholding
137
207
-
-
total
137
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
632
530
836
804
After tax
1 068
1 170
864
896
Living cost
289
289
289
289
Free-cash
779
881
575
607

Estimated living cost  is $289 per week

$201
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.
$62
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
$416
$355
$342
$263
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
municipal
-
-
-
10
national
-
-
-
400
regional
-
-
-
20
social contributions
-
-
-
437
total
-
-
-
867
Employee
1 034
-
1 700
-
national
179
-
347
-
social contributions
349
-
573
-
municipal
5
-
9
-
regional
10
-
17
-
total
543
-
946
-
Employer
1 034
-
1 700
-
total
-
-
-
-
Corporate
666
1 700
-
-
municipal
26
66
-
-
nationa
160
408
-
-
total
186
474
-
-
Dividends
480
1 226
-
-
withholding
125
319
-
-
total
125
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
854
793
946
867
After tax
846
907
754
833
Living cost
491
491
491
491
Free-cash
355
416
263
342

Estimated living cost  is $491 per week

$342
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.
$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.
$109
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
$812
$776
$550
$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
unemployment
-
-
-
3
income
-
-
-
411
health
-
-
-
110
surtax
-
-
-
59
pensions
-
-
-
310
other
-
-
-
-
total
-
-
-
893
Employee
385
-
1 404
-
pensions
26
-
94
-
unemployment
27
-
98
-
income
64
-
366
-
other
-
-
-
-
surtax
1
-
51
-
health
10
-
36
-
total
128
-
645
-
Employer
385
-
1 404
-
health
18
-
64
-
pensions
51
-
187
-
other
-
-
-
-
unemployment
12
-
45
-
total
81
-
296
-
Corporate
1 234
1 700
-
-
income
321
442
-
-
total
321
442
-
-
Dividends
913
1 258
-
-
withholding
137
189
-
-
total
137
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
667
631
941
893
After tax
1 033
1 069
759
807
Living cost
257
257
257
257
Free-cash
776
812
502
550

Estimated living cost  is $257 per week

$157
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$618
$648
$620
$465
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
-
-
-
448
pensions
-
-
-
98
total
-
-
-
546
Employee
741
-
1 488
-
pensions
63
-
123
-
income
134
-
344
-
health
11
-
23
-
total
208
-
490
-
Employer
741
-
1 488
-
health
14
-
28
-
pensions
80
-
183
-
total
94
-
211
-
Corporate
864
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.

164
323
-
-
total
164
323
-
-
Dividends
700
1 377
-
-
withholding
52
225
-
-
total
52
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
518
548
701
546
After tax
1 182
1 152
999
1 154
Living cost
534
534
534
534
Free-cash
648
618
465
620

Estimated living cost  is $534 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$133
$259
$484
$402
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
city
-
-
-
18
national
-
-
-
20
regional
-
-
-
74
health
-
-
-
4
pensions
-
-
-
156
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
total
-
-
-
306
Employee
1 065
-
1 522
-
national
5
-
16
-
city
11
-
16
-
pensions
89
-
128
-
unemployment
-
-
-
-
health
2
-
3
-
regional
35
-
64
-
total
142
-
227
-
Employer
1 065
-
1 522
-
health
2
-
3
-
pensions
89
-
128
-
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.

21
-
30
-
unemployment
-
-
-
-
total
112
-
161
-
Corporate
510
1 700
-
-
national
43
144
-
-
regional
108
360
-
-
total
151
504
-
-
Dividends
359
1 196
-
-
withholding
126
419
-
-
total
126
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
531
923
388
306
After tax
1 169
777
1 312
1 394
Living cost
910
910
910
910
Free-cash
259
-133
402
484

Estimated living cost  is $910 per week

$592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
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.
$225
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
$308
$496
$375
$574
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
trade
-
-
-
199
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.

-
-
-
487
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.

-
-
-
79
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.

-
-
-
27
total
-
-
-
792
Employee

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

699
-
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.

82
-
487
-
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
-
27
-
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.

79
-
79
-
total
166
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 001
1 700
-
-
income
150
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
-
-
trade
172
292
-
-
chamber of commerce
3
4
-
-
total
333
565
-
-
Dividends
668
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
163
279
-
-
total
172
294
-
-
Income
1 700
1 700
1 700
1 700
Total tax
671
859
593
792
After tax
1 029
841
1 107
908
Living cost
533
533
533
533
Free-cash
496
308
574
375

Estimated living cost  is $533 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$458
$528
$566
$577
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
-
-
-
238
health
-
-
-
61
surtax
-
-
-
-
pensions
-
-
-
336
other
-
-
-
53
social contributions
-
-
-
48
total
-
-
-
736
Employee
498
-
1 337
-
pensions
56
-
84
-
social contributions
14
-
38
-
income
29
-
241
-
surtax
-
-
-
-
total
99
-
363
-
Employer
498
-
1 337
-
social contributions
2
-
4
-
health
35
-
113
-
pensions
82
-
143
-
other
17
-
48
-
unemployment
20
-
54
-
total
156
-
362
-
Corporate
1 047
1 700
-
-
income
293
476
-
-
surtax
-
-
-
-
total
293
476
-
-
Dividends
754
1 224
-
-
social contributions
130
211
-
-
surtax
-
-
-
-
withholding
96
157
-
-
total
226
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
844
725
736
After tax
926
856
975
964
Living cost
398
398
398
398
Free-cash
528
458
577
566

Estimated living cost  is $398 per week

$251
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.
$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 Nice model

Close
Marseille , France
$497
$563
$605
$616
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
-
-
-
238
health
-
-
-
61
surtax
-
-
-
-
pensions
-
-
-
336
other
-
-
-
53
social contributions
-
-
-
48
total
-
-
-
736
Employee
444
-
1 337
-
pensions
50
-
84
-
social contributions
13
-
38
-
income
23
-
241
-
surtax
-
-
-
-
total
86
-
363
-
Employer
444
-
1 337
-
social contributions
1
-
4
-
health
31
-
113
-
pensions
73
-
143
-
other
15
-
48
-
unemployment
18
-
54
-
total
138
-
362
-
Corporate
1 117
1 700
-
-
income
313
476
-
-
surtax
-
-
-
-
total
313
476
-
-
Dividends
804
1 224
-
-
social contributions
138
211
-
-
surtax
-
-
-
-
withholding
103
157
-
-
total
241
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
778
844
725
736
After tax
922
856
975
964
Living cost
359
359
359
359
Free-cash
563
497
616
605

Estimated living cost  is $359 per week

$208
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.
$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

Source of data for Marseille model

Close
Vilnius , Lithuania
$790
$796
$844
$819
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
health
-
-
-
119
social contributions
-
-
-
235
total
-
-
-
609
Employee
394
-
1 700
-
social contributions
54
-
235
-
income
66
-
280
-
health
28
-
119
-
total
148
-
634
-
Employer
394
-
1 700
-
total
-
-
-
-
Corporate
1 306
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
1 240
1 615
-
-
social contributions
171
223
-
-
health
87
113
-
-
withholding
186
242
-
-
total
444
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
663
634
609
After tax
1 043
1 037
1 066
1 091
Living cost
247
247
247
247
Free-cash
796
790
819
844

Estimated living cost  is $247 per week

$165
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.
$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 Vilnius model

Close
Vienna , Austria
$534
$517
$459
$36
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
unemployment
-
-
-
71
income
-
-
-
396
chamber of commerce
-
-
-
7
health
-
-
-
104
surtax
-
-
-
2
pensions
-
-
-
251
total
-
-
-
831
Employee
581
464
1 318
-
pensions
60
47
135
-
unemployment
17
14
40
-
income
66
34
314
-
other
6
5
13
-
health
22
18
51
-
total
171
118
553
-
Employer
581
464
1 318
-
chamber of commerce
2
2
5
-
health
22
18
50
-
payroll
17
14
40
-
pensions
73
58
165
-
surtax
2
2
2
-
accident
8
6
17
-
other
28
22
63
-
unemployment
17
14
40
-
total
169
136
382
-
Corporate
949
1 101
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.

237
275
319
-
total
237
275
319
-
Dividends
712
826
-
-
withholding
196
227
-
-
total
196
227
-
-
Income
1 700
1 700
1 700
1 700
Total tax
773
756
1 254
831
After tax
927
944
446
869
Living cost
410
410
410
410
Free-cash
517
534
36
459

Estimated living cost  is $410 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$95
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
$527
$355
$321
$194
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
national
-
-
-
603
communal

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

-
-
-
86
social contributions
-
-
-
266
total
-
-
-
955
Employee

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

832
-
1 317
-
national
256
-
458
-
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.

62
-
99
-
communal

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

43
-
69
-
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
-
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.

39
-
62
-
total
407
-
699
-
Employer

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

832
-
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.

51
-
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.

74
-
117
-
surtax
94
-
149
-
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.

12
-
19
-
total
242
-
383
-
Corporate
626
1 700
-
-
income
125
340
-
-
surtax
2
7
-
-
total
127
347
-
-
Dividends
498
1 353
-
-
withholding

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

145
402
-
-
total
145
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
921
749
1 082
955
After tax
779
951
618
745
Living cost
424
424
424
424
Free-cash
355
527
194
321

Estimated living cost  is $424 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Brussels model

Close
Barcelona , Spain
$717
$631
$537
$486
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
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
419
pensions
-
-
-
305
other
-
-
-
1
total
-
-
-
743
Employee
579
-
1 356
-
pensions
27
-
51
-
unemployment
9
-
17
-
income
122
-
382
-
other
1
-
1
-
total
159
-
451
-
Employer
579
-
1 356
-
pensions
137
-
254
-
accident
11
-
21
-
other
5
-
9
-
unemployment
32
-
59
-
total
185
-
343
-
Corporate
936
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
796
1 445
-
-
withholding
165
308
-
-
total
165
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
649
563
794
743
After tax
1 051
1 137
906
957
Living cost
420
420
420
420
Free-cash
631
717
486
537

Estimated living cost  is $420 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
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
$381
$252
$249
$316
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
-
-
-
14
income
-
-
-
240
communal
-
-
-
107
health
-
-
-
119
surtax
-
-
-
84
pensions
-
-
-
255
total
-
-
-
819
Employee
881
-
1 519
-
pensions
70
-
121
-
income
85
-
289
-
surtax
54
-
93
-
health
39
-
68
-
total
248
-
571
-
Employer
881
-
1 519
-
health
27
-
46
-
pensions
70
-
121
-
accident
8
-
14
-
total
105
-
181
-
Corporate
714
1 700
-
-
income
107
255
-
-
surtax
8
18
-
-
communal
48
115
-
-
total
163
388
-
-
Dividends
551
1 312
-
-
income
217
102
-
-
withholding
83
197
-
-
total
300
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
816
687
752
819
After tax
884
1 013
948
881
Living cost
632
632
632
632
Free-cash
252
381
316
249

Estimated living cost  is $632 per week

$474
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.
$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 Luxembourg model

Close
Athens , Greece
$808
$772
$546
$498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
unemployment
-
-
-
3
income
-
-
-
411
health
-
-
-
110
surtax
-
-
-
59
pensions
-
-
-
310
other
-
-
-
-
total
-
-
-
893
Employee
392
-
1 404
-
pensions
26
-
94
-
unemployment
27
-
98
-
income
66
-
366
-
other
-
-
-
-
surtax
1
-
51
-
health
10
-
36
-
total
130
-
645
-
Employer
392
-
1 404
-
health
18
-
64
-
pensions
52
-
187
-
other
-
-
-
-
unemployment
12
-
45
-
total
82
-
296
-
Corporate
1 226
1 700
-
-
income
319
442
-
-
total
319
442
-
-
Dividends
907
1 258
-
-
withholding
136
189
-
-
total
136
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
667
631
941
893
After tax
1 033
1 069
759
807
Living cost
261
261
261
261
Free-cash
772
808
498
546

Estimated living cost  is $261 per week

$158
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.
$75
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
$581
$555
$514
$435
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
municipal
-
-
-
10
national
-
-
-
400
regional
-
-
-
26
social contributions
-
-
-
437
total
-
-
-
873
Employee
645
-
1 700
-
national
102
-
347
-
social contributions
218
-
573
-
municipal
3
-
9
-
regional
9
-
23
-
total
332
-
952
-
Employer
645
-
1 700
-
total
-
-
-
-
Corporate
1 055
1 700
-
-
municipal
52
84
-
-
nationa
253
408
-
-
total
305
492
-
-
Dividends
749
1 208
-
-
withholding
195
314
-
-
total
195
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
832
806
952
873
After tax
868
894
748
827
Living cost
313
313
313
313
Free-cash
555
581
435
514

Estimated living cost  is $313 per week

$195
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.
$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.
$81
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
$814
$687
$540
$508
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
solidarity contribution
-
-
-
-
income
-
-
-
158
health
-
-
-
230
social contributions
-
-
-
416
total
-
-
-
804
Employee
523
-
1 269
-
social contributions
34
-
82
-
income
63
-
152
-
solidarity contribution
-
-
-
-
health
71
-
171
-
total
168
-
405
-
Employer
523
-
1 269
-
social contributions
131
-
317
-
health
47
-
114
-
total
178
-
431
-
Corporate
999
1 700
-
-
income
190
323
-
-
total
190
323
-
-
Dividends
809
1 377
-
-
withholding
121
207
-
-
total
121
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
530
836
804
After tax
1 043
1 170
864
896
Living cost
356
356
356
356
Free-cash
687
814
508
540

Estimated living cost  is $356 per week

$265
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$574
$569
$500
$75
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
unemployment
-
-
-
71
income
-
-
-
396
chamber of commerce
-
-
-
7
health
-
-
-
104
surtax
-
-
-
-
pensions
-
-
-
251
total
-
-
-
829
Employee
508
464
1 320
-
pensions
52
47
135
-
unemployment
15
14
40
-
income
45
34
315
-
other
5
5
13
-
health
20
18
51
-
total
137
118
554
-
Employer
508
464
1 320
-
chamber of commerce
2
2
5
-
health
19
18
50
-
payroll
15
14
40
-
pensions
64
58
166
-
surtax
-
-
-
-
accident
7
6
17
-
other
24
22
63
-
unemployment
15
14
40
-
total
146
134
381
-
Corporate
1 045
1 103
1 276
-
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.

261
276
319
-
total
261
276
319
-
Dividends
784
827
-
-
withholding
216
227
-
-
total
216
227
-
-
Income
1 700
1 700
1 700
1 700
Total tax
760
755
1 254
829
After tax
940
945
446
871
Living cost
371
371
371
371
Free-cash
569
574
75
500

Estimated living cost  is $371 per week

$223
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.
$104
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
$1458
$1429
$1526
$1203
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
196
-
1 700
-
income
39
-
340
-
total
39
-
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%.

1 504
1 700
-
-
total
-
-
-
-
Dividends
1 504
1 700
-
-
withholding
75
85
-
-
total
75
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
157
157
157
157
Free-cash
1 429
1 458
1 203
1 526

Estimated living cost  is $157 per week

$106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
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.
$39
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
$858
$761
$536
$491
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
unemployment
-
-
-
3
income
-
-
-
372
health
-
-
-
167
pensions
-
-
-
310
total
-
-
-
852
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.

514
-
1 471
-
pensions
80
-
228
-
unemployment
1
-
2
-
income
89
-
343
-
health
33
-
95
-
total
203
-
668
-
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.

514
-
1 471
-
health
34
-
98
-
pensions
46
-
130
-
unemployment
-
-
1
-
total
80
-
229
-
Corporate
1 106
1 700
-
-
income
210
323
-
-
total
210
323
-
-
Dividends
895
1 377
-
-
withholding
134
207
-
-
total
134
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
627
530
897
852
After tax
1 073
1 170
803
848
Living cost
312
312
312
312
Free-cash
761
858
491
536

Estimated living cost  is $312 per week

$214
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$488
-$188
$629
$988
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
784
-
-
-
social contributions
64
-
9
-
income
173
-
-
-
total
237
-
9
-
Employer
784
-
-
-
social contributions
1 105
-
157
-
total
1 105
-
157
-
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
1 342
666
166
525
After tax
358
1 034
1 534
1 175
Living cost
546
546
546
546
Free-cash
-188
488
988
629

Estimated living cost  is $546 per week

$355
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.
$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.
$134
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
$602
$590
$557
$439
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
-
-
-
187
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
778
Employee
535
-
1 374
-
social contributions
59
-
151
-
income
111
-
419
-
surtax
-
-
-
-
total
170
-
570
-
Employer
535
-
1 374
-
social contributions
127
-
326
-
total
127
-
326
-
Corporate
1 038
1 700
-
-
income
218
357
-
-
surtax
-
-
-
-
total
218
357
-
-
Dividends
820
1 343
-
-
withholding
230
376
-
-
total
230
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
745
733
896
778
After tax
955
967
804
922
Living cost
365
365
365
365
Free-cash
590
602
439
557

Estimated living cost  is $365 per week

$273
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.
$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 Lisbon model

Close
Paris , France
$294
$374
$402
$413
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
-
-
-
238
health
-
-
-
61
surtax
-
-
-
-
pensions
-
-
-
336
other
-
-
-
53
social contributions
-
-
-
48
total
-
-
-
736
Employee
729
-
1 337
-
pensions
82
-
84
-
social contributions
21
-
38
-
income
64
-
241
-
surtax
-
-
-
-
total
167
-
363
-
Employer
729
-
1 337
-
social contributions
2
-
4
-
health
51
-
113
-
pensions
120
-
143
-
other
25
-
48
-
unemployment
30
-
54
-
total
228
-
362
-
Corporate
744
1 700
-
-
income
208
476
-
-
surtax
-
-
-
-
total
208
476
-
-
Dividends
536
1 224
-
-
social contributions
92
211
-
-
surtax
-
-
-
-
withholding
69
157
-
-
total
161
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
764
844
725
736
After tax
936
856
975
964
Living cost
562
562
562
562
Free-cash
374
294
413
402

Estimated living cost  is $562 per week

$380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
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
$1180
$1141
$914
$959
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
-
-
-
62
social contributions
-
-
-
374
total
-
-
-
436
Employee
374
-
1 472
-
social contributions
24
-
96
-
income
-
-
67
-
total
24
-
163
-
Employer
374
-
1 472
-
social contributions
58
-
228
-
total
58
-
228
-
Corporate
1 268
1 700
-
-
income
127
170
-
-
total
127
170
-
-
Dividends
1 141
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
209
170
391
436
After tax
1 491
1 530
1 309
1 264
Living cost
350
350
350
350
Free-cash
1 141
1 180
959
914

Estimated living cost  is $350 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$830
-$830
$464
-$830
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
municipal
-
-
-
344
national
-
-
-
188
labour market
-
-
-
135
pensions
-
-
-
10
total
-
-
-
677
Employee
2 360
2 360
2 360
-
national
288
288
288
-
pensions
3
3
3
-
municipal
503
503
503
-
labour market
189
189
189
-
total
983
983
983
-
Employer
2 360
2 360
2 360
-
municipal
503
503
503
-
labour market
189
189
189
-
national
289
289
289
-
pensions
7
7
7
-
total
988
988
988
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 971
1 971
1 971
677
After tax
-271
-271
-271
1 023
Living cost
559
559
559
559
Free-cash
-830
-830
-830
464

Estimated living cost  is $559 per week

$383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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.
$118
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
-$111
$98
$914
$663
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
-
-
-
457
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
537
Employee
391
-
1 511
-
pensions
44
-
88
-
income
54
-
339
-
health
45
-
173
-
total
143
-
600
-
Employer
391
-
1 511
-
pensions
64
-
126
-
accident
7
-
25
-
unemployment
10
-
37
-
total
81
-
188
-
Corporate
1 229
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.

1 106
1 530
-
-
total
1 106
1 530
-
-
Dividends
123
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 353
1 562
788
537
After tax
347
138
912
1 163
Living cost
249
249
249
249
Free-cash
98
-111
663
914

Estimated living cost  is $249 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
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
$640
$660
$701
$468
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
municipal
-
-
-
302
national
-
-
-
229
health
-
-
-
21
total
-
-
-
552
Employee
612
-
1 430
-
national
10
-
148
-
pensions
41
-
97
-
unemployment
9
-
21
-
municipal
100
-
233
-
health
5
-
17
-
total
165
-
516
-
Employer
612
-
1 430
-
health
5
-
11
-
pensions
106
-
248
-
accident
1
-
1
-
unemployment
4
-
9
-
total
116
-
269
-
Corporate
973
1 700
-
-
income
195
340
-
-
total
195
340
-
-
Dividends

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

584
1 020
-
-
municipal
105
184
-
-
national
12
89
-
-
total
117
273
-
-
Income
1 700
1 700
1 700
1 700
Total tax
593
613
785
552
After tax
1 107
1 087
915
1 148
Living cost
447
447
447
447
Free-cash
660
640
468
701

Estimated living cost  is $447 per week

$292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$973
$909
$911
$895
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
-
-
-
289
health
-
-
-
43
social contributions
-
-
-
188
total
-
-
-
520
Employee
894
894
1 571
-
social contributions
34
74
100
-
income
97
83
280
-
health
7
15
27
-
total
138
172
407
-
Employer
894
894
1 571
-
social contributions
34
74
100
-
health
8
17
29
-
total
42
91
129
-
Corporate
1 251
715
-
-
income
156
89
-
-
total
156
89
-
-
Dividends
1 095
625
-
-
withholding
186
106
-
-
total
186
106
-
-
Income
1 700
1 700
1 700
1 700
Total tax
522
458
536
520
After tax
1 178
1 242
1 164
1 180
Living cost
269
269
269
269
Free-cash
909
973
895
911

Estimated living cost  is $269 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1223
$1164
$1229
$994
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
unemployment
-
-
-
-
income
-
-
-
170
health
-
-
-
42
pensions
-
-
-
74
total
-
-
-
286
Employee

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

267
-
1 586
-
pensions
40
-
166
-
unemployment
1
-
6
-
income
18
-
141
-
health
23
-
94
-
total
82
-
407
-
Employer

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

267
-
1 586
-
health
11
-
47
-
pensions
15
-
61
-
unemployment
1
-
6
-
total
27
-
114
-
Corporate
1 406
1 700
-
-
income
127
153
-
-
total
127
153
-
-
Dividends
1 279
1 547
-
-
withholding
115
139
-
-
total
115
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
351
292
521
286
After tax
1 349
1 408
1 179
1 414
Living cost
185
185
185
185
Free-cash
1 164
1 223
994
1 229

Estimated living cost  is $185 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Podgorica model

Close
Valencia , Spain
$817
$763
$637
$586
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
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
419
pensions
-
-
-
305
other
-
-
-
1
total
-
-
-
743
Employee
430
-
1 356
-
pensions
20
-
51
-
unemployment
7
-
17
-
income
83
-
382
-
other
-
-
1
-
total
110
-
451
-
Employer
430
-
1 356
-
pensions
101
-
254
-
accident
9
-
21
-
other
3
-
9
-
unemployment
24
-
59
-
total
137
-
343
-
Corporate
1 133
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.

170
255
-
-
total
170
255
-
-
Dividends
963
1 445
-
-
withholding
200
308
-
-
total
200
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
617
563
794
743
After tax
1 083
1 137
906
957
Living cost
320
320
320
320
Free-cash
763
817
586
637

Estimated living cost  is $320 per week

$216
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.
$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 Valencia model

Close
Istanbul , Turkey
$1041
$1037
$1074
$1072
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
-
-
-
582
health
-
-
-
10
pensions
-
-
-
14
total
-
-
-
606
Employee
30
-
1 684
-
pensions
3
-
6
-
unemployment
-
-
1
-
income
6
-
581
-
health
2
-
4
-
total
11
-
592
-
Employer
30
-
1 684
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 663
1 700
-
-
income
366
374
-
-
total
366
374
-
-
Dividends
1 297
1 326
-
-
withholding
259
265
-
-
total
259
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
643
639
608
606
After tax
1 057
1 061
1 092
1 094
Living cost
20
20
20
20
Free-cash
1 037
1 041
1 072
1 074

Estimated living cost  is $20 per week

$12
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.
$0
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.
$6
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
$1027
$971
$799
$800
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
unemployment
-
-
-
13
income
-
-
-
376
health
-
-
-
88
pensions
-
-
-
223
total
-
-
-
700
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.

303
-
1 546
-
pensions
42
-
120
-
unemployment
2
-
6
-
income
42
-
376
-
health
16
-
44
-
total
102
-
546
-
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.

303
-
1 546
-
health
16
-
44
-
pensions
36
-
103
-
unemployment
2
-
6
-
total
54
-
153
-
Corporate
1 343
1 700
-
-
income
201
255
-
-
total
201
255
-
-
Dividends
1 141
1 445
-
-
withholding
171
217
-
-
total
171
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
528
472
699
700
After tax
1 172
1 228
1 001
1 000
Living cost
201
201
201
201
Free-cash
971
1 027
800
799

Estimated living cost  is $201 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$44
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
$653
$649
$608
$490
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
-
-
-
187
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
778
Employee
451
-
1 374
-
social contributions
50
-
151
-
income
88
-
419
-
surtax
-
-
-
-
total
138
-
570
-
Employer
451
-
1 374
-
social contributions
107
-
326
-
total
107
-
326
-
Corporate
1 141
1 700
-
-
income
240
357
-
-
surtax
-
-
-
-
total
240
357
-
-
Dividends
902
1 343
-
-
withholding
252
376
-
-
total
252
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
896
778
After tax
963
967
804
922
Living cost
314
314
314
314
Free-cash
649
653
490
608

Estimated living cost  is $314 per week

$222
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.
$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 Porto model

Close
Madrid , Spain
$728
$645
$548
$497
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
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
419
pensions
-
-
-
305
other
-
-
-
1
total
-
-
-
743
Employee
562
-
1 356
-
pensions
26
-
51
-
unemployment
9
-
17
-
income
117
-
382
-
other
1
-
1
-
total
153
-
451
-
Employer
562
-
1 356
-
pensions
133
-
254
-
accident
11
-
21
-
other
5
-
9
-
unemployment
31
-
59
-
total
180
-
343
-
Corporate
959
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.

144
255
-
-
total
144
255
-
-
Dividends
815
1 445
-
-
withholding
169
308
-
-
total
169
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
646
563
794
743
After tax
1 054
1 137
906
957
Living cost
409
409
409
409
Free-cash
645
728
497
548

Estimated living cost  is $409 per week

$294
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.
$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 Madrid model

Close
Sofia , Bulgaria
$1250
$1177
$1132
$1195
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
unemployment
-
-
-
2
income
-
-
-
255
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
365
Employee
268
-
1 619
-
pensions

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

24
-
36
-
income
27
-
162
-
health
12
-
19
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
total
66
-
222
-
Employer
268
-
1 619
-
health
19
-
28
-
pensions

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

30
-
45
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
80
-
Corporate
1 379
1 700
-
-
income
138
170
-
-
total
138
170
-
-
Dividends
1 241
1 530
-
-
withholding
62
77
-
-
total
62
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
320
247
302
365
After tax
1 380
1 453
1 398
1 335
Living cost
203
203
203
203
Free-cash
1 177
1 250
1 195
1 132

Estimated living cost  is $203 per week

$134
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.
$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

Source of data for Sofia model

Close
Berlin , Germany
$427
$580
$492
$658
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
trade
-
-
-
166
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.

-
-
-
487
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.

-
-
-
79
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.

-
-
-
27
total
-
-
-
759
Employee

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

579
-
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.

48
-
487
-
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
-
27
-
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.

79
-
79
-
total
130
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 121
1 700
-
-
income
168
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
-
-
trade
161
244
-
-
chamber of commerce
3
4
-
-
total
341
517
-
-
Dividends
780
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
190
291
-
-
total
200
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
671
824
593
759
After tax
1 029
876
1 107
941
Living cost
449
449
449
449
Free-cash
580
427
658
492

Estimated living cost  is $449 per week

$310
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$527
$552
$273
$273
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
-
-
-
488
social contributions
-
-
-
276
total
-
-
-
764
Employee
910
-
1 700
-
social contributions
76
-
276
-
income
172
-
488
-
total
248
-
764
-
Employer
910
-
1 700
-
total
-
-
-
-
Corporate
790
1 700
-
-
income
99
213
-
-
total
99
213
-
-
Dividends
691
1 487
-
-
withholding
138
297
-
-
total
138
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
485
510
764
764
After tax
1 215
1 190
936
936
Living cost
663
663
663
663
Free-cash
552
527
273
273

Estimated living cost  is $663 per week

$504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$622
$663
$875
$807
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
-
-
-
331
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
-
-
-
403
Employee
534
-
1 646
-
social contributions
53
-
54
-
income
58
-
363
-
total
111
-
417
-
Employer
534
-
1 646
-
social contributions
53
-
54
-
total
53
-
54
-
Corporate
1 113
1 700
-
-
income
390
595
-
-
total
390
595
-
-
Dividends
723
1 105
-
-
social contributions
61
61
-
-
total
61
61
-
-
Income
1 700
1 700
1 700
1 700
Total tax
615
656
471
403
After tax
1 085
1 044
1 229
1 297
Living cost
422
422
422
422
Free-cash
663
622
807
875

Estimated living cost  is $422 per week

$278
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.
$104
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
$718
$774
$720
$565
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
-
-
-
448
pensions
-
-
-
98
total
-
-
-
546
Employee
596
-
1 488
-
pensions
45
-
123
-
income
109
-
344
-
health
8
-
23
-
total
162
-
490
-
Employer
596
-
1 488
-
health
11
-
28
-
pensions
60
-
183
-
total
71
-
211
-
Corporate
1 032
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.

196
323
-
-
total
196
323
-
-
Dividends
836
1 377
-
-
withholding
63
225
-
-
total
63
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
492
548
701
546
After tax
1 208
1 152
999
1 154
Living cost
434
434
434
434
Free-cash
774
718
565
720

Estimated living cost  is $434 per week

$298
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$135
$97
$890
$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
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
457
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
537
Employee
430
-
1 511
-
pensions
48
-
88
-
income
59
-
339
-
health
49
-
173
-
total
156
-
600
-
Employer
430
-
1 511
-
pensions
70
-
126
-
accident
7
-
25
-
unemployment
11
-
37
-
total
88
-
188
-
Corporate
1 182
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.

1 064
1 530
-
-
total
1 064
1 530
-
-
Dividends
118
170
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 330
1 562
788
537
After tax
370
138
912
1 163
Living cost
273
273
273
273
Free-cash
97
-135
639
890

Estimated living cost  is $273 per week

$201
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.
$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 Warsaw model

Close
Skopje , Macedonia
$1274
$1220
$800
$1012
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
unemployment
-
-
-
20
health insurance
-
-
-
126
income
-
-
-
275
work injury
-
-
-
9
pensions
-
-
-
313
total
-
-
-
743
Employee

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

252
-
1 700
-
work injury
1
-
5
-
pensions
46
-
171
-
unemployment
3
-
11
-
income
25
-
275
-
health insurance
19
-
69
-
total
94
-
531
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 448
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
1 434
1 683
-
-
withholding
215
252
-
-
total
215
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
323
269
531
743
After tax
1 377
1 431
1 169
957
Living cost
157
157
157
157
Free-cash
1 220
1 274
1 012
800

Estimated living cost  is $157 per week

$97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
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
$432
$378
$350
$273
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
municipal
-
-
-
11
national
-
-
-
400
regional
-
-
-
39
social contributions
-
-
-
437
total
-
-
-
887
Employee
980
-
1 700
-
national
166
-
347
-
social contributions
331
-
573
-
municipal
6
-
10
-
regional
15
-
34
-
total
518
-
964
-
Employer
980
-
1 700
-
total
-
-
-
-
Corporate
720
1 700
-
-
municipal
35
82
-
-
nationa
173
408
-
-
total
208
490
-
-
Dividends
512
1 210
-
-
withholding
133
315
-
-
total
133
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
859
805
964
887
After tax
841
895
736
813
Living cost
463
463
463
463
Free-cash
378
432
273
350

Estimated living cost  is $463 per week

$326
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.
$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.
$99
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

Close
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Estimated living cost

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