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
$571
$501
$632
$752
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
-
-
-
181
health

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

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

-
-
-
80
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
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.

-
-
-
484
total
-
-
-
772
Employee

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

451
-
1 700
-
surtax

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

1
-
27
-
income

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

13
-
484
-
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.

80
-
80
-
total
94
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 249
1 700
-
-
trade
197
268
-
-
income
187
255
-
-
chamber of commerce
4
4
-
-
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
-
-
total
398
541
-
-
Dividends
851
1 159
-
-
withholding
208
285
-
-
surtax

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

11
16
-
-
total
219
301
-
-
Income
1 700
1 700
1 700
1 700
Total tax
711
842
591
772
After tax
989
858
1 109
928
Living cost
357
357
357
357
Free-cash
632
501
752
571

Estimated living cost  is $357 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Dresden model

Close
Reykjavik , Iceland
$388
$437
$428
$400
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
pensions
-
-
-
204
social contributions
-
-
-
18
national
-
-
-
283
total
-
-
-
688
Employee
967
-
1 470
-
municipal
119
-
189
-
national
185
-
294
-
pensions
39
-
59
-
total
343
-
542
-
Employer
967
-
1 470
-
pensions
77
-
118
-
social contributions
10
-
16
-
total
87
-
134
-
Corporate
581
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%.

116
340
-
-
total
116
340
-
-
Dividends
465
1 360
-
-
withholding
102
299
-
-
total
102
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
648
639
676
688
After tax
1 052
1 061
1 024
1 012
Living cost
624
624
624
624
Free-cash
428
437
400
388

Estimated living cost  is $624 per week

$424
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.
$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.
$133
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
$297
$1115
$1018
$797
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
surtax
-
-
-
433
social contributions

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

-
-
-
451
income
-
-
-
274
microenterprise
-
-
-
-
total
-
-
-
1 158
Employee
344
-
1 207
-
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.

38
-
133
-
surtax
-
-
-
-
income
61
-
234
-
total
99
-
367
-
Employer
344
-
1 207
-
surtax
-
-
-
-
social contributions

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

83
-
291
-
total
83
-
291
-
Corporate
1 273
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%.

255
340
-
-
total
255
340
-
-
Dividends

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

1 018
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
437
340
658
1 158
After tax
1 263
1 360
1 042
542
Living cost
245
245
245
245
Free-cash
1 018
1 115
797
297

Estimated living cost  is $245 per week

$156
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$471
$342
$270
$528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
452
total
-
-
-
735
Employee
1 006
1 006
1 481
-
pensions
181
138
138
-
income

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

165
165
176
-
health
154
131
145
-
total
500
434
459
-
Employer
1 006
1 006
1 481
-
pensions
70
70
87
-
unemployment
36
36
45
-
health
70
70
87
-
total
176
176
219
-
Corporate
530
518
-
-
income
106
104
-
-
total
106
104
-
-
Dividends
424
414
-
-
withholding
64
62
-
-
income
90
88
-
-
total
154
150
-
-
Income
1 700
1 700
1 700
1 700
Total tax
936
864
678
735
After tax
764
836
1 022
965
Living cost
494
494
494
494
Free-cash
270
342
528
471

Estimated living cost  is $494 per week

$350
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.
$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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$414
$443
$433
$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
municipal
-
-
-
415
pensions
-
-
-
115
health
-
-
-
66
other
-
-
-
124
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
78
total
-
-
-
801
Employee
691
-
1 366
-
municipal
206
-
407
-
national
-
-
72
-
total
206
-
479
-
Employer
691
-
1 366
-
pensions
75
-
115
-
other
80
-
124
-
unemployment
18
-
28
-
accident
1
-
2
-
health
43
-
65
-
total
217
-
334
-
Corporate
792
1 700
-
-
income
174
374
-
-
total
174
374
-
-
Dividends
618
1 326
-
-
withholding
185
398
-
-
total
185
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
772
813
801
After tax
918
928
887
899
Living cost
485
485
485
485
Free-cash
433
443
402
414

Estimated living cost  is $485 per week

$321
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.
$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 Stockholm model

Close
Hamburg , Germany
$456
$386
$554
$646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
190
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.

-
-
-
80
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
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.

-
-
-
484
total
-
-
-
781
Employee

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

597
-
1 700
-
surtax

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

3
-
27
-
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
-
484
-
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.

80
-
80
-
total
134
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 103
1 700
-
-
trade
181
280
-
-
income
165
255
-
-
chamber of commerce
3
4
-
-
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
-
-
total
358
553
-
-
Dividends
743
1 147
-
-
withholding
181
282
-
-
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
-
-
total
191
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
683
851
591
781
After tax
1 017
849
1 109
919
Living cost
463
463
463
463
Free-cash
554
386
646
456

Estimated living cost  is $463 per week

$310
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$799
$860
$811
$783
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
health
-
-
-
43
social contributions
-
-
-
191
income
-
-
-
285
total
-
-
-
519
Employee
906
906
1 570
-
social contributions
44
75
101
-
income
95
84
277
-
health
9
15
27
-
total
148
174
405
-
Employer
906
906
1 570
-
social contributions
44
75
101
-
health
10
17
29
-
total
54
92
130
-
Corporate
1 116
702
-
-
income
139
88
-
-
total
139
88
-
-
Dividends
976
614
-
-
withholding
166
104
-
-
total
166
104
-
-
Income
1 700
1 700
1 700
1 700
Total tax
507
458
535
519
After tax
1 193
1 242
1 165
1 181
Living cost
382
382
382
382
Free-cash
811
860
783
799

Estimated living cost  is $382 per week

$261
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$962
$740
$745
$770
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
pensions
-
-
-
170
health
-
-
-
119
unemployment
-
-
-
25
income
-
-
-
208
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.

312
124
1 423
-
pensions
31
12
142
-
unemployment
5
2
21
-
income
38
15
174
-
health
22
9
100
-
total
96
38
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.

312
124
1 423
-
pensions
61
24
277
-
total
61
24
277
-
Corporate
1 327
1 552
-
-
income
119
140
-
-
total
119
140
-
-
Dividends
1 208
1 412
-
-
withholding
229
268
-
-
social contributions
234
274
-
-
total
463
542
-
-
Income
1 700
1 700
1 700
1 700
Total tax
739
744
714
522
After tax
961
956
986
1 178
Living cost
216
216
216
216
Free-cash
745
740
770
962

Estimated living cost  is $216 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
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
$626
$1075
$1001
$696
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
pensions
-
-
-
340
health
-
-
-
221
income
-
-
-
228
total
-
-
-
789
Employee
334
-
1 271
-
pensions
7
-
25
-
unemployment
5
-
20
-
income
38
-
245
-
total
50
-
290
-
Employer
334
-
1 271
-
pensions
67
-
254
-
unemployment
3
-
10
-
health
43
-
165
-
total
113
-
429
-
Corporate
1 253
1 700
-
-
income
251
340
-
-
total
251
340
-
-
Dividends
1 002
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
414
340
719
789
After tax
1 286
1 360
981
911
Living cost
285
285
285
285
Free-cash
1 001
1 075
696
626

Estimated living cost  is $285 per week

$195
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$901
-$125
$97
$647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
453
total
-
-
-
536
Employee
414
-
1 506
-
pensions
47
-
91
-
income
57
-
333
-
health
47
-
172
-
total
151
-
596
-
Employer
414
-
1 506
-
pensions
67
-
132
-
unemployment
10
-
37
-
accident
7
-
25
-
total
84
-
194
-
Corporate
1 202
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.

1 082
1 530
-
-
total
1 082
1 530
-
-
Dividends
120
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 340
1 562
790
536
After tax
360
138
910
1 164
Living cost
263
263
263
263
Free-cash
97
-125
647
901

Estimated living cost  is $263 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1587
$1519
$1501
$1264
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
120
-
1 700
-
income
24
-
340
-
total
24
-
340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 580
1 700
-
-
total
-
-
-
-
Dividends
1 580
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
103
85
340
17
After tax
1 597
1 615
1 360
1 683
Living cost
96
96
96
96
Free-cash
1 501
1 519
1 264
1 587

Estimated living cost  is $96 per week

$60
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$588
$935
$856
$657
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
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
health
-
-
-
75
other
-
-
-
81
income
-
-
-
234
total
-
-
-
798
Employee
428
-
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
74
-
258
-
health
6
-
19
-
total
114
-
386
-
Employer
428
-
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.

73
-
231
-
other
21
-
68
-
unemployment
4
-
14
-
accident
3
-
11
-
health
6
-
19
-
total
107
-
343
-
Corporate
1 164
1 700
-
-
income
245
357
-
-
total
245
357
-
-
Dividends
920
1 343
-
-
withholding
64
94
-
-
total
64
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
530
451
729
798
After tax
1 170
1 249
971
902
Living cost
314
314
314
314
Free-cash
856
935
657
588

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.
$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.
$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 Bratislava model

Close
London , United Kingdom
$376
$373
$338
$221
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
pensions
-
-
-
98
income
-
-
-
449
total
-
-
-
547
Employee
1 099
-
1 488
-
pensions
106
-
123
-
income
198
-
345
-
health
18
-
23
-
total
322
-
491
-
Employer
1 099
-
1 488
-
pensions
130
-
183
-
health
21
-
28
-
total
151
-
211
-
Corporate
450
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.

85
323
-
-
total
85
323
-
-
Dividends
364
1 377
-
-
withholding
27
227
-
-
total
27
227
-
-
Income
1 700
1 700
1 700
1 700
Total tax
585
550
702
547
After tax
1 115
1 150
998
1 153
Living cost
777
777
777
777
Free-cash
338
373
221
376

Estimated living cost  is $777 per week

$582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1180
$1298
$1245
$1243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
255
total
-
-
-
365
Employee
205
-
1 619
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
162
-
health
9
-
19
-
total
49
-
222
-
Employer
205
-
1 619
-
pensions

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

23
-
45
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
total
40
-
80
-
Corporate
1 455
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 310
1 530
-
-
withholding
65
77
-
-
total
65
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
300
247
302
365
After tax
1 400
1 453
1 398
1 335
Living cost
155
155
155
155
Free-cash
1 245
1 298
1 243
1 180

Estimated living cost  is $155 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
$312
$183
$213
$369
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
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
452
total
-
-
-
735
Employee
1 092
1 006
1 481
-
pensions
138
138
138
-
income

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

165
165
176
-
health
136
131
145
-
total
439
434
459
-
Employer
1 092
1 006
1 481
-
pensions
76
70
87
-
unemployment
39
36
45
-
health
76
70
87
-
total
191
176
219
-
Corporate
416
518
-
-
income
83
104
-
-
total
83
104
-
-
Dividends
333
414
-
-
withholding
50
62
-
-
income
71
88
-
-
total
121
150
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
864
678
735
After tax
866
836
1 022
965
Living cost
653
653
653
653
Free-cash
213
183
369
312

Estimated living cost  is $653 per week

$482
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.
$106
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
$599
$877
$773
$571
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
health
-
-
-
230
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
income
-
-
-
157
total
-
-
-
808
Employee
431
-
1 269
-
social contributions
28
-
82
-
income
52
-
152
-
solidarity contribution
-
-
-
-
health
58
-
171
-
total
138
-
405
-
Employer
431
-
1 269
-
social contributions
108
-
317
-
health
39
-
114
-
total
147
-
431
-
Corporate
1 123
1 700
-
-
income
213
323
-
-
total
213
323
-
-
Dividends
910
1 377
-
-
withholding
136
207
-
-
total
136
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
634
530
836
808
After tax
1 066
1 170
864
892
Living cost
293
293
293
293
Free-cash
773
877
571
599

Estimated living cost  is $293 per week

$203
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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$337
$410
$349
$258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
regional
-
-
-
20
social contributions
-
-
-
437
national
-
-
-
399
total
-
-
-
866
Employee
1 047
-
1 700
-
social contributions
353
-
573
-
municipal
6
-
9
-
regional
10
-
17
-
national
181
-
346
-
total
550
-
945
-
Employer
1 047
-
1 700
-
total
-
-
-
-
Corporate
653
1 700
-
-
nationa
157
408
-
-
municipal
25
66
-
-
total
182
474
-
-
Dividends
471
1 226
-
-
withholding
122
319
-
-
total
122
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
854
793
945
866
After tax
846
907
755
834
Living cost
497
497
497
497
Free-cash
349
410
258
337

Estimated living cost  is $497 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
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
$546
$809
$774
$501
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
pensions
-
-
-
314
health
-
-
-
112
surtax
-
-
-
58
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
407
total
-
-
-
894
Employee
390
-
1 404
-
surtax
1
-
51
-
pensions
26
-
94
-
other
-
-
-
-
unemployment
27
-
98
-
income
65
-
364
-
health
10
-
36
-
total
129
-
643
-
Employer
390
-
1 404
-
pensions
52
-
187
-
other
-
-
-
-
unemployment
12
-
45
-
health
18
-
64
-
total
82
-
296
-
Corporate
1 228
1 700
-
-
income
319
442
-
-
total
319
442
-
-
Dividends
909
1 258
-
-
withholding
136
189
-
-
total
136
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
666
631
939
894
After tax
1 034
1 069
761
806
Living cost
260
260
260
260
Free-cash
774
809
501
546

Estimated living cost  is $260 per week

$159
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.
$71
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
$622
$619
$650
$467
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
pensions
-
-
-
98
income
-
-
-
449
total
-
-
-
547
Employee
737
-
1 488
-
pensions
63
-
123
-
income
133
-
345
-
health
11
-
23
-
total
207
-
491
-
Employer
737
-
1 488
-
pensions
80
-
183
-
health
14
-
28
-
total
94
-
211
-
Corporate
869
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.

165
323
-
-
total
165
323
-
-
Dividends
704
1 377
-
-
withholding
53
227
-
-
total
53
227
-
-
Income
1 700
1 700
1 700
1 700
Total tax
519
550
702
547
After tax
1 181
1 150
998
1 153
Living cost
531
531
531
531
Free-cash
650
619
467
622

Estimated living cost  is $531 per week

$398
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
$455
-$164
$239
$374
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
regional
-
-
-
73
city
-
-
-
18
pensions
-
-
-
156
health
-
-
-
4
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
national
-
-
-
19
total
-
-
-
304
Employee
1 101
-
1 522
-
regional
36
-
62
-
national
5
-
15
-
pensions
93
-
128
-
unemployment
-
-
-
-
city
12
-
16
-
health
2
-
3
-
total
148
-
224
-
Employer
1 101
-
1 522
-
pensions
93
-
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.

22
-
30
-
unemployment
-
-
-
-
health
2
-
3
-
total
117
-
161
-
Corporate
470
1 700
-
-
regional
99
360
-
-
national
40
144
-
-
total
139
504
-
-
Dividends
330
1 196
-
-
withholding
116
419
-
-
total
116
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
520
923
385
304
After tax
1 180
777
1 315
1 396
Living cost
941
941
941
941
Free-cash
239
-164
374
455

Estimated living cost  is $941 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
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
$371
$301
$492
$569
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
-
-
-
198
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.

-
-
-
80
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
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.

-
-
-
484
total
-
-
-
789
Employee

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

708
-
1 700
-
surtax

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

5
-
27
-
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.

83
-
484
-
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.

80
-
80
-
total
168
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
992
1 700
-
-
trade
170
292
-
-
income
149
255
-
-
chamber of commerce
3
4
-
-
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
-
-
total
330
565
-
-
Dividends
662
1 135
-
-
withholding
161
279
-
-
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
-
-
total
170
294
-
-
Income
1 700
1 700
1 700
1 700
Total tax
668
859
591
789
After tax
1 032
841
1 109
911
Living cost
540
540
540
540
Free-cash
492
301
569
371

Estimated living cost  is $540 per week

$394
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.
$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

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
$561
$453
$523
$573
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
pensions
-
-
-
339
health
-
-
-
60
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
236
total
-
-
-
736
Employee
504
-
1 338
-
social contributions
14
-
38
-
surtax
-
-
-
-
pensions
57
-
84
-
income
30
-
240
-
total
101
-
362
-
Employer
504
-
1 338
-
pensions
83
-
143
-
social contributions
2
-
4
-
other
17
-
48
-
unemployment
20
-
54
-
health
35
-
113
-
total
157
-
362
-
Corporate
1 038
1 700
-
-
income
291
476
-
-
surtax
-
-
-
-
total
291
476
-
-
Dividends
748
1 224
-
-
withholding
96
157
-
-
surtax
-
-
-
-
social contributions
129
211
-
-
total
225
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
844
724
736
After tax
926
856
976
964
Living cost
403
403
403
403
Free-cash
523
453
573
561

Estimated living cost  is $403 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Nice model

Close
Marseille , France
$601
$493
$559
$613
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
pensions
-
-
-
339
health
-
-
-
60
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
236
total
-
-
-
736
Employee
450
-
1 338
-
social contributions
13
-
38
-
surtax
-
-
-
-
pensions
51
-
84
-
income
23
-
240
-
total
87
-
362
-
Employer
450
-
1 338
-
pensions
74
-
143
-
social contributions
1
-
4
-
other
16
-
48
-
unemployment
18
-
54
-
health
32
-
113
-
total
141
-
362
-
Corporate
1 109
1 700
-
-
income
311
476
-
-
surtax
-
-
-
-
total
311
476
-
-
Dividends
799
1 224
-
-
withholding
102
157
-
-
surtax
-
-
-
-
social contributions
137
211
-
-
total
239
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
778
844
724
736
After tax
922
856
976
964
Living cost
363
363
363
363
Free-cash
559
493
613
601

Estimated living cost  is $363 per week

$211
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.
$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 Marseille model

Close
Vilnius , Lithuania
$841
$787
$793
$817
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
health
-
-
-
119
social contributions
-
-
-
235
income
-
-
-
255
total
-
-
-
609
Employee
399
-
1 700
-
social contributions
55
-
235
-
income
67
-
279
-
health
28
-
119
-
total
150
-
633
-
Employer
399
-
1 700
-
total
-
-
-
-
Corporate
1 301
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
1 236
1 615
-
-
withholding
185
242
-
-
social contributions
171
223
-
-
health
86
113
-
-
total
442
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
663
633
609
After tax
1 043
1 037
1 067
1 091
Living cost
250
250
250
250
Free-cash
793
787
817
841

Estimated living cost  is $250 per week

$167
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
$452
$530
$510
$33
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
pensions
-
-
-
255
health
-
-
-
105
surtax
-
-
-
2
unemployment
-
-
-
72
income
-
-
-
392
chamber of commerce
-
-
-
7
total
-
-
-
833
Employee
589
470
1 318
-
pensions
60
48
135
-
other
6
5
13
-
unemployment
18
14
40
-
income
67
35
313
-
health
23
18
51
-
total
174
120
552
-
Employer
589
470
1 318
-
payroll
18
14
40
-
chamber of commerce
2
2
5
-
pensions
74
59
165
-
surtax
2
2
2
-
other
28
22
63
-
unemployment
18
14
40
-
accident
8
6
17
-
health
22
18
50
-
total
172
137
382
-
Corporate
939
1 093
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.

235
273
318
-
total
235
273
318
-
Dividends
705
820
-
-
withholding
194
225
-
-
total
194
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
775
755
1 252
833
After tax
925
945
448
867
Living cost
415
415
415
415
Free-cash
510
530
33
452

Estimated living cost  is $415 per week

$277
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.
$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

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
$316
$521
$345
$190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
267
communal

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

-
-
-
86
national
-
-
-
601
total
-
-
-
954
Employee

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

843
-
1 317
-
national
259
-
456
-
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.

63
-
99
-
unemployment

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

7
-
11
-
communal

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

44
-
69
-
health

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

40
-
62
-
total
413
-
697
-
Employer

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

843
-
1 317
-
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.

75
-
117
-
surtax
96
-
149
-
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
-
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
-
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.

52
-
81
-
total
246
-
383
-
Corporate
612
1 700
-
-
income
122
340
-
-
surtax
2
7
-
-
total
124
347
-
-
Dividends
487
1 353
-
-
withholding

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

142
402
-
-
total
142
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
925
749
1 080
954
After tax
775
951
620
746
Living cost
430
430
430
430
Free-cash
345
521
190
316

Estimated living cost  is $430 per week

$277
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.
$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 Brussels model

Close
Barcelona , Spain
$532
$712
$623
$478
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
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
414
total
-
-
-
742
Employee
586
-
1 352
-
pensions
28
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
124
-
378
-
total
162
-
447
-
Employer
586
-
1 352
-
pensions
138
-
258
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
total
187
-
349
-
Corporate
927
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.

139
255
-
-
total
139
255
-
-
Dividends
788
1 445
-
-
withholding
163
307
-
-
total
163
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
651
562
796
742
After tax
1 049
1 138
904
958
Living cost
426
426
426
426
Free-cash
623
712
478
532

Estimated living cost  is $426 per week

$313
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$244
$374
$246
$311
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
pensions
-
-
-
255
health
-
-
-
119
surtax
-
-
-
84
accident
-
-
-
14
communal
-
-
-
107
income
-
-
-
237
total
-
-
-
816
Employee
892
-
1 519
-
surtax
55
-
93
-
pensions
71
-
121
-
income
86
-
286
-
health
40
-
68
-
total
252
-
568
-
Employer
892
-
1 519
-
pensions
71
-
121
-
accident
8
-
14
-
health
27
-
46
-
total
106
-
181
-
Corporate
701
1 700
-
-
communal
47
115
-
-
income
105
255
-
-
surtax
7
18
-
-
total
159
388
-
-
Dividends
541
1 312
-
-
withholding
81
197
-
-
income
216
101
-
-
total
297
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
814
686
749
816
After tax
886
1 014
951
884
Living cost
640
640
640
640
Free-cash
246
374
311
244

Estimated living cost  is $640 per week

$480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$541
$804
$767
$496
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
pensions
-
-
-
314
health
-
-
-
112
surtax
-
-
-
58
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
407
total
-
-
-
894
Employee
397
-
1 404
-
surtax
1
-
51
-
pensions
26
-
94
-
other
-
-
-
-
unemployment
28
-
98
-
income
67
-
364
-
health
10
-
36
-
total
132
-
643
-
Employer
397
-
1 404
-
pensions
53
-
187
-
other
-
-
-
-
unemployment
13
-
45
-
health
18
-
64
-
total
84
-
296
-
Corporate
1 220
1 700
-
-
income
317
442
-
-
total
317
442
-
-
Dividends
903
1 258
-
-
withholding
135
189
-
-
total
135
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
668
631
939
894
After tax
1 032
1 069
761
806
Living cost
265
265
265
265
Free-cash
767
804
496
541

Estimated living cost  is $265 per week

$160
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.
$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 of data for Athens model

Close
Naples , Italy
$511
$577
$551
$432
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
regional
-
-
-
26
social contributions
-
-
-
437
national
-
-
-
399
total
-
-
-
872
Employee
654
-
1 700
-
social contributions
220
-
573
-
municipal
3
-
9
-
regional
9
-
23
-
national
104
-
346
-
total
336
-
951
-
Employer
654
-
1 700
-
total
-
-
-
-
Corporate
1 046
1 700
-
-
nationa
251
408
-
-
municipal
52
84
-
-
total
303
492
-
-
Dividends
743
1 208
-
-
withholding
193
314
-
-
total
193
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
832
806
951
872
After tax
868
894
749
828
Living cost
317
317
317
317
Free-cash
551
577
432
511

Estimated living cost  is $317 per week

$197
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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$531
$809
$680
$503
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
health
-
-
-
230
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
income
-
-
-
157
total
-
-
-
808
Employee
531
-
1 269
-
social contributions
34
-
82
-
income
64
-
152
-
solidarity contribution
-
-
-
-
health
72
-
171
-
total
170
-
405
-
Employer
531
-
1 269
-
social contributions
133
-
317
-
health
48
-
114
-
total
181
-
431
-
Corporate
989
1 700
-
-
income
188
323
-
-
total
188
323
-
-
Dividends
801
1 377
-
-
withholding
120
207
-
-
total
120
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
530
836
808
After tax
1 041
1 170
864
892
Living cost
361
361
361
361
Free-cash
680
809
503
531

Estimated living cost  is $361 per week

$268
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.
$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 Prague model

Close
Graz , Austria
$493
$569
$565
$72
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
pensions
-
-
-
255
health
-
-
-
105
surtax
-
-
-
-
unemployment
-
-
-
72
income
-
-
-
392
chamber of commerce
-
-
-
7
total
-
-
-
831
Employee
515
470
1 320
-
pensions
53
48
135
-
other
5
5
13
-
unemployment
15
14
40
-
income
46
35
313
-
health
20
18
51
-
total
139
120
552
-
Employer
515
470
1 320
-
payroll
15
14
40
-
chamber of commerce
2
2
5
-
pensions
65
59
166
-
surtax
-
-
-
-
other
24
22
63
-
unemployment
15
14
40
-
accident
7
6
17
-
health
19
18
50
-
total
147
135
381
-
Corporate
1 037
1 095
1 275
-
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.

259
274
319
-
total
259
274
319
-
Dividends
778
822
-
-
withholding
214
226
-
-
total
214
226
-
-
Income
1 700
1 700
1 700
1 700
Total tax
759
755
1 252
831
After tax
941
945
448
869
Living cost
376
376
376
376
Free-cash
565
569
72
493

Estimated living cost  is $376 per week

$225
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.
$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

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
$1533
$1465
$1436
$1210
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
188
-
1 700
-
income
38
-
340
-
total
38
-
340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 512
1 700
-
-
total
-
-
-
-
Dividends
1 512
1 700
-
-
withholding
76
85
-
-
total
76
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
114
85
340
17
After tax
1 586
1 615
1 360
1 683
Living cost
150
150
150
150
Free-cash
1 436
1 465
1 210
1 533

Estimated living cost  is $150 per week

$102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$534
$854
$755
$488
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
pensions
-
-
-
310
health
-
-
-
167
unemployment
-
-
-
3
income
-
-
-
370
total
-
-
-
850
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.

521
-
1 471
-
pensions
81
-
228
-
unemployment
1
-
2
-
income
90
-
342
-
health
34
-
95
-
total
206
-
667
-
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.

521
-
1 471
-
pensions
46
-
130
-
unemployment
-
-
1
-
health
35
-
98
-
total
81
-
229
-
Corporate
1 098
1 700
-
-
income
209
323
-
-
total
209
323
-
-
Dividends
889
1 377
-
-
withholding
133
207
-
-
total
133
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
629
530
896
850
After tax
1 071
1 170
804
850
Living cost
316
316
316
316
Free-cash
755
854
488
534

Estimated living cost  is $316 per week

$217
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.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$661
$520
-$77
$1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
194
income
-
-
-
331
total
-
-
-
525
Employee
737
-
-
-
social contributions
60
-
9
-
income
163
-
-
-
total
223
-
9
-
Employer
737
-
-
-
social contributions
1 040
-
148
-
total
1 040
-
148
-
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
1 263
666
157
525
After tax
437
1 034
1 543
1 175
Living cost
514
514
514
514
Free-cash
-77
520
1 029
661

Estimated living cost  is $514 per week

$334
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.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$553
$597
$584
$436
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
surtax
-
-
-
-
social contributions

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

-
-
-
591
income
-
-
-
186
total
-
-
-
777
Employee
542
-
1 374
-
social contributions
60
-
151
-
surtax
-
-
-
-
income
113
-
417
-
total
173
-
568
-
Employer
542
-
1 374
-
social contributions
129
-
326
-
total
129
-
326
-
Corporate
1 029
1 700
-
-
income
216
357
-
-
surtax
-
-
-
-
total
216
357
-
-
Dividends
813
1 343
-
-
withholding
228
376
-
-
total
228
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
746
733
894
777
After tax
954
967
806
923
Living cost
370
370
370
370
Free-cash
584
597
436
553

Estimated living cost  is $370 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$395
$287
$370
$407
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
pensions
-
-
-
339
health
-
-
-
60
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
236
total
-
-
-
736
Employee
738
-
1 338
-
social contributions
21
-
38
-
surtax
-
-
-
-
pensions
83
-
84
-
income
64
-
240
-
total
168
-
362
-
Employer
738
-
1 338
-
pensions
121
-
143
-
social contributions
2
-
4
-
other
25
-
48
-
unemployment
30
-
54
-
health
52
-
113
-
total
230
-
362
-
Corporate
732
1 700
-
-
income
205
476
-
-
surtax
-
-
-
-
total
205
476
-
-
Dividends
527
1 224
-
-
withholding
67
157
-
-
surtax
-
-
-
-
social contributions
91
211
-
-
total
158
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
761
844
724
736
After tax
939
856
976
964
Living cost
569
569
569
569
Free-cash
370
287
407
395

Estimated living cost  is $569 per week

$385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
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.
$130
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
$911
$1176
$1136
$956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
374
income
-
-
-
61
total
-
-
-
435
Employee
379
-
1 472
-
social contributions
25
-
96
-
income
-
-
66
-
total
25
-
162
-
Employer
379
-
1 472
-
social contributions
59
-
228
-
total
59
-
228
-
Corporate
1 262
1 700
-
-
income
126
170
-
-
total
126
170
-
-
Dividends
1 136
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
210
170
390
435
After tax
1 490
1 530
1 310
1 265
Living cost
354
354
354
354
Free-cash
1 136
1 176
956
911

Estimated living cost  is $354 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$458
-$863
-$863
-$863
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
-
-
-
343
pensions
-
-
-
10
labour market
-
-
-
135
national
-
-
-
187
total
-
-
-
675
Employee
2 392
2 392
2 392
-
municipal
509
509
509
-
national
292
292
292
-
pensions
3
3
3
-
labour market
191
191
191
-
total
995
995
995
-
Employer
2 392
2 392
2 392
-
labour market
191
191
191
-
pensions
7
7
7
-
municipal
510
510
510
-
national
293
293
293
-
total
1 001
1 001
1 001
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 996
1 996
1 996
675
After tax
-296
-296
-296
1 025
Living cost
567
567
567
567
Free-cash
-863
-863
-863
458

Estimated living cost  is $567 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$120
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
$905
-$121
$98
$651
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
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
453
total
-
-
-
536
Employee
408
-
1 506
-
pensions
46
-
91
-
income
56
-
333
-
health
47
-
172
-
total
149
-
596
-
Employer
408
-
1 506
-
pensions
66
-
132
-
unemployment
10
-
37
-
accident
7
-
25
-
total
83
-
194
-
Corporate
1 209
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.

1 088
1 530
-
-
total
1 088
1 530
-
-
Dividends
121
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 343
1 562
790
536
After tax
357
138
910
1 164
Living cost
259
259
259
259
Free-cash
98
-121
651
905

Estimated living cost  is $259 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Krakow model

Close
Helsinki , Finland
$697
$636
$654
$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

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
health
-
-
-
21
national
-
-
-
228
total
-
-
-
551
Employee
620
-
1 430
-
municipal
102
-
233
-
national
10
-
146
-
pensions
42
-
97
-
unemployment
9
-
21
-
health
5
-
17
-
total
168
-
514
-
Employer
620
-
1 430
-
pensions
108
-
248
-
unemployment
4
-
9
-
accident
1
-
1
-
health
5
-
11
-
total
118
-
269
-
Corporate
963
1 700
-
-
income
193
340
-
-
total
193
340
-
-
Dividends

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

578
1 020
-
-
municipal
104
184
-
-
national
11
88
-
-
total
115
272
-
-
Income
1 700
1 700
1 700
1 700
Total tax
594
612
783
551
After tax
1 106
1 088
917
1 149
Living cost
452
452
452
452
Free-cash
654
636
465
697

Estimated living cost  is $452 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
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
$908
$969
$904
$892
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
health
-
-
-
43
social contributions
-
-
-
191
income
-
-
-
285
total
-
-
-
519
Employee
906
906
1 570
-
social contributions
34
75
101
-
income
99
84
277
-
health
7
15
27
-
total
140
174
405
-
Employer
906
906
1 570
-
social contributions
34
75
101
-
health
8
17
29
-
total
42
92
130
-
Corporate
1 245
702
-
-
income
156
88
-
-
total
156
88
-
-
Dividends
1 090
614
-
-
withholding
185
104
-
-
total
185
104
-
-
Income
1 700
1 700
1 700
1 700
Total tax
523
458
535
519
After tax
1 177
1 242
1 165
1 181
Living cost
273
273
273
273
Free-cash
904
969
892
908

Estimated living cost  is $273 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1225
$1221
$1161
$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

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
pensions
-
-
-
75
health
-
-
-
43
unemployment
-
-
-
-
income
-
-
-
170
total
-
-
-
288
Employee

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

270
-
1 585
-
pensions
41
-
168
-
unemployment
1
-
6
-
income
18
-
141
-
health
23
-
95
-
total
83
-
410
-
Employer

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

270
-
1 585
-
pensions
15
-
61
-
unemployment
1
-
6
-
health
12
-
48
-
total
28
-
115
-
Corporate
1 402
1 700
-
-
income
126
153
-
-
total
126
153
-
-
Dividends
1 276
1 547
-
-
withholding
115
139
-
-
total
115
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
352
292
525
288
After tax
1 348
1 408
1 175
1 412
Living cost
187
187
187
187
Free-cash
1 161
1 221
988
1 225

Estimated living cost  is $187 per week

$119
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.
$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.
$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 Podgorica model

Close
Valencia , Spain
$634
$814
$759
$580
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
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
414
total
-
-
-
742
Employee
436
-
1 352
-
pensions
20
-
51
-
other
-
-
1
-
unemployment
7
-
17
-
income
84
-
378
-
total
111
-
447
-
Employer
436
-
1 352
-
pensions
103
-
258
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
total
139
-
349
-
Corporate
1 125
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.

169
255
-
-
total
169
255
-
-
Dividends
957
1 445
-
-
withholding
198
307
-
-
total
198
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
617
562
796
742
After tax
1 083
1 138
904
958
Living cost
324
324
324
324
Free-cash
759
814
580
634

Estimated living cost  is $324 per week

$219
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
$1068
$1038
$1033
$1066
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
pensions
-
-
-
17
health
-
-
-
12
income
-
-
-
580
total
-
-
-
609
Employee
35
-
1 681
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
579
-
health
2
-
4
-
total
12
-
592
-
Employer
35
-
1 681
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
1 657
1 700
-
-
income
365
374
-
-
total
365
374
-
-
Dividends
1 293
1 326
-
-
withholding
259
265
-
-
total
259
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
644
639
611
609
After tax
1 056
1 061
1 089
1 091
Living cost
23
23
23
23
Free-cash
1 033
1 038
1 066
1 068

Estimated living cost  is $23 per week

$14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$793
$1025
$967
$791
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
pensions
-
-
-
226
health
-
-
-
89
unemployment
-
-
-
13
income
-
-
-
376
total
-
-
-
704
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.

307
-
1 544
-
pensions
43
-
122
-
unemployment
2
-
7
-
income
42
-
376
-
health
16
-
45
-
total
103
-
550
-
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.

307
-
1 544
-
pensions
37
-
104
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
156
-
Corporate
1 339
1 700
-
-
income
201
255
-
-
total
201
255
-
-
Dividends
1 138
1 445
-
-
withholding
171
217
-
-
total
171
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
530
472
706
704
After tax
1 170
1 228
994
996
Living cost
203
203
203
203
Free-cash
967
1 025
791
793

Estimated living cost  is $203 per week

$137
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.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$605
$649
$645
$488
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
surtax
-
-
-
-
social contributions

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

-
-
-
591
income
-
-
-
186
total
-
-
-
777
Employee
457
-
1 374
-
social contributions
50
-
151
-
surtax
-
-
-
-
income
89
-
417
-
total
139
-
568
-
Employer
457
-
1 374
-
social contributions
109
-
326
-
total
109
-
326
-
Corporate
1 134
1 700
-
-
income
238
357
-
-
surtax
-
-
-
-
total
238
357
-
-
Dividends
896
1 343
-
-
withholding
251
376
-
-
total
251
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
894
777
After tax
963
967
806
923
Living cost
318
318
318
318
Free-cash
645
649
488
605

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$544
$724
$640
$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
-
-
-
1 700
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
414
total
-
-
-
742
Employee
569
-
1 352
-
pensions
27
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
119
-
378
-
total
156
-
447
-
Employer
569
-
1 352
-
pensions
134
-
258
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
total
181
-
349
-
Corporate
950
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.

142
255
-
-
total
142
255
-
-
Dividends
807
1 445
-
-
withholding
167
307
-
-
total
167
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
646
562
796
742
After tax
1 054
1 138
904
958
Living cost
414
414
414
414
Free-cash
640
724
490
544

Estimated living cost  is $414 per week

$297
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1132
$1250
$1177
$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
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
255
total
-
-
-
365
Employee
268
-
1 619
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
162
-
health
12
-
19
-
total
66
-
222
-
Employer
268
-
1 619
-
pensions

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

30
-
45
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
28
-
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
$489
$421
$576
$654
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
-
-
-
165
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.

-
-
-
80
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
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.

-
-
-
484
total
-
-
-
756
Employee

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

586
-
1 700
-
surtax

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

3
-
27
-
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
-
484
-
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.

80
-
80
-
total
131
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 114
1 700
-
-
trade
160
244
-
-
income
167
255
-
-
chamber of commerce
3
4
-
-
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
-
-
total
339
517
-
-
Dividends
774
1 183
-
-
withholding
189
291
-
-
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
-
-
total
199
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
669
824
591
756
After tax
1 031
876
1 109
944
Living cost
455
455
455
455
Free-cash
576
421
654
489

Estimated living cost  is $455 per week

$314
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$269
$519
$545
$269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
275
income
-
-
-
485
total
-
-
-
760
Employee
922
-
1 700
-
social contributions
77
-
275
-
income
174
-
485
-
total
251
-
760
-
Employer
922
-
1 700
-
total
-
-
-
-
Corporate
778
1 700
-
-
income
97
212
-
-
total
97
212
-
-
Dividends
681
1 488
-
-
withholding
136
298
-
-
total
136
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
484
510
760
760
After tax
1 216
1 190
940
940
Living cost
671
671
671
671
Free-cash
545
519
269
269

Estimated living cost  is $671 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
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.
$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

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
$865
$615
$656
$804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 700
health

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

-
-
-
72
income
-
-
-
335
total
-
-
-
407
Employee
540
-
1 646
-
social contributions
54
-
54
-
income
59
-
360
-
total
113
-
414
-
Employer
540
-
1 646
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 105
1 700
-
-
income
387
595
-
-
total
387
595
-
-
Dividends
718
1 105
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 700
1 700
1 700
1 700
Total tax
616
657
468
407
After tax
1 084
1 043
1 232
1 293
Living cost
428
428
428
428
Free-cash
656
615
804
865

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
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
$721
$718
$776
$566
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
pensions
-
-
-
98
income
-
-
-
449
total
-
-
-
547
Employee
592
-
1 488
-
pensions
45
-
123
-
income
108
-
345
-
health
8
-
23
-
total
161
-
491
-
Employer
592
-
1 488
-
pensions
60
-
183
-
health
11
-
28
-
total
71
-
211
-
Corporate
1 036
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.

197
323
-
-
total
197
323
-
-
Dividends
840
1 377
-
-
withholding
63
227
-
-
total
63
227
-
-
Income
1 700
1 700
1 700
1 700
Total tax
492
550
702
547
After tax
1 208
1 150
998
1 153
Living cost
432
432
432
432
Free-cash
776
718
566
721

Estimated living cost  is $432 per week

$296
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$879
-$147
$95
$625
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
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
453
total
-
-
-
536
Employee
448
-
1 506
-
pensions
50
-
91
-
income
61
-
333
-
health
51
-
172
-
total
162
-
596
-
Employer
448
-
1 506
-
pensions
73
-
132
-
unemployment
11
-
37
-
accident
7
-
25
-
total
91
-
194
-
Corporate
1 161
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.

1 045
1 530
-
-
total
1 045
1 530
-
-
Dividends
116
170
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 320
1 562
790
536
After tax
380
138
910
1 164
Living cost
285
285
285
285
Free-cash
95
-147
625
879

Estimated living cost  is $285 per week

$209
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.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$798
$1272
$1217
$1007
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
pensions
-
-
-
313
health insurance
-
-
-
126
work injury
-
-
-
9
unemployment
-
-
-
20
income
-
-
-
275
total
-
-
-
743
Employee

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

254
-
1 700
-
pensions
47
-
173
-
health insurance
19
-
70
-
unemployment
3
-
11
-
income
25
-
275
-
work injury
1
-
5
-
total
95
-
534
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 446
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
1 431
1 683
-
-
withholding
215
252
-
-
total
215
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
324
269
534
743
After tax
1 376
1 431
1 166
957
Living cost
159
159
159
159
Free-cash
1 217
1 272
1 007
798

Estimated living cost  is $159 per week

$98
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.
$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
$345
$426
$372
$269
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
regional
-
-
-
39
social contributions
-
-
-
437
national
-
-
-
399
total
-
-
-
886
Employee
993
-
1 700
-
social contributions
335
-
573
-
municipal
6
-
10
-
regional
15
-
33
-
national
168
-
346
-
total
524
-
962
-
Employer
993
-
1 700
-
total
-
-
-
-
Corporate
707
1 700
-
-
nationa
170
408
-
-
municipal
34
82
-
-
total
204
490
-
-
Dividends
503
1 210
-
-
withholding
131
315
-
-
total
131
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
859
805
962
886
After tax
841
895
738
814
Living cost
469
469
469
469
Free-cash
372
426
269
345

Estimated living cost  is $469 per week

$330
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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