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
$753
$502
$571
$631
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
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
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
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
trade
-
-
-
182
total
-
-
-
773
Employee

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

450
-
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
1 250
1 700
-
-
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
-
-
trade
197
268
-
-
income
188
255
-
-
total
399
541
-
-
Dividends
852
1 159
-
-
surtax

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

11
16
-
-
withholding
209
285
-
-
total
220
301
-
-
Income
1 700
1 700
1 700
1 700
Total tax
713
842
591
773
After tax
987
858
1 109
927
Living cost
356
356
356
356
Free-cash
631
502
753
571

Estimated living cost  is $356 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
$403
$441
$391
$431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
18
pensions
-
-
-
204
national
-
-
-
284
municipal
-
-
-
183
total
-
-
-
689
Employee
961
-
1 470
-
municipal
119
-
190
-
national
184
-
294
-
pensions
38
-
59
-
total
341
-
543
-
Employer
961
-
1 470
-
pensions
77
-
118
-
social contributions
10
-
16
-
total
87
-
134
-
Corporate
588
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%.

118
340
-
-
total
118
340
-
-
Dividends
470
1 360
-
-
withholding
103
299
-
-
total
103
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
649
639
677
689
After tax
1 051
1 061
1 023
1 011
Living cost
620
620
620
620
Free-cash
431
441
403
391

Estimated living cost  is $620 per week

$422
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.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$797
$1115
$297
$1018
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
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
surtax
-
-
-
433
microenterprise
-
-
-
-
total
-
-
-
1 158
Employee
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.

38
-
133
-
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
1 274
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.

1 019
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
$528
$344
$471
$271
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
-
-
-
145
income
-
-
-
453
pensions
-
-
-
138
total
-
-
-
736
Employee
1 004
1 004
1 481
-
income

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

164
164
177
-
pensions
181
138
138
-
health
154
131
145
-
total
499
433
460
-
Employer
1 004
1 004
1 481
-
unemployment
36
36
45
-
health
70
70
87
-
pensions
70
70
87
-
total
176
176
219
-
Corporate
532
520
-
-
income
106
104
-
-
total
106
104
-
-
Dividends
426
416
-
-
income
91
88
-
-
withholding
64
62
-
-
total
155
150
-
-
Income
1 700
1 700
1 700
1 700
Total tax
936
863
679
736
After tax
764
837
1 021
964
Living cost
493
493
493
493
Free-cash
271
344
528
471

Estimated living cost  is $493 per week

$349
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
$397
$438
$410
$429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
125
health
-
-
-
67
accident
-
-
-
2
pensions
-
-
-
116
national
-
-
-
75
unemployment
-
-
-
1
municipal
-
-
-
414
total
-
-
-
800
Employee
698
-
1 363
-
municipal
208
-
406
-
national
-
-
70
-
total
208
-
476
-
Employer
698
-
1 363
-
other
81
-
125
-
unemployment
18
-
28
-
health
43
-
66
-
accident
1
-
2
-
pensions
75
-
116
-
total
218
-
337
-
Corporate
783
1 700
-
-
income
172
374
-
-
total
172
374
-
-
Dividends
610
1 326
-
-
withholding
183
398
-
-
total
183
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
781
772
813
800
After tax
919
928
887
900
Living cost
490
490
490
490
Free-cash
429
438
397
410

Estimated living cost  is $490 per week

$325
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.
$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 Stockholm model

Close
Hamburg , Germany
$647
$387
$457
$552
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
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
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
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
trade
-
-
-
190
total
-
-
-
781
Employee

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

596
-
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
1 104
1 700
-
-
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
-
-
trade
182
280
-
-
income
166
255
-
-
total
360
553
-
-
Dividends
744
1 147
-
-
surtax

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

10
16
-
-
withholding
182
282
-
-
total
192
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
686
851
591
781
After tax
1 014
849
1 109
919
Living cost
462
462
462
462
Free-cash
552
387
647
457

Estimated living cost  is $462 per week

$309
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$784
$860
$800
$811
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
-
-
-
190
health
-
-
-
43
income
-
-
-
286
total
-
-
-
519
Employee
904
904
1 570
-
social contributions
44
75
101
-
income
95
84
277
-
health
9
15
27
-
total
148
174
405
-
Employer
904
904
1 570
-
health
10
17
29
-
social contributions
44
75
101
-
total
54
92
130
-
Corporate
1 117
704
-
-
income
140
88
-
-
total
140
88
-
-
Dividends
977
616
-
-
withholding
166
105
-
-
total
166
105
-
-
Income
1 700
1 700
1 700
1 700
Total tax
508
459
535
519
After tax
1 192
1 241
1 165
1 181
Living cost
381
381
381
381
Free-cash
811
860
784
800

Estimated living cost  is $381 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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$770
$740
$962
$743
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
income
-
-
-
208
pensions
-
-
-
170
unemployment
-
-
-
25
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.

311
124
1 423
-
income
38
15
174
-
pensions
31
12
142
-
health
22
9
100
-
unemployment
5
2
21
-
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.

311
124
1 423
-
pensions
61
24
277
-
total
61
24
277
-
Corporate
1 328
1 552
-
-
income
120
140
-
-
total
120
140
-
-
Dividends
1 208
1 412
-
-
social contributions
234
274
-
-
withholding
230
268
-
-
total
464
542
-
-
Income
1 700
1 700
1 700
1 700
Total tax
741
744
714
522
After tax
959
956
986
1 178
Living cost
216
216
216
216
Free-cash
743
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
$697
$1076
$627
$1002
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
-
-
-
221
income
-
-
-
228
pensions
-
-
-
340
total
-
-
-
789
Employee
334
-
1 271
-
income
38
-
245
-
pensions
7
-
25
-
unemployment
5
-
20
-
total
50
-
290
-
Employer
334
-
1 271
-
unemployment
3
-
10
-
health
43
-
165
-
pensions
67
-
254
-
total
113
-
429
-
Corporate
1 254
1 700
-
-
income
251
340
-
-
total
251
340
-
-
Dividends
1 003
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
284
284
284
284
Free-cash
1 002
1 076
697
627

Estimated living cost  is $284 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
$649
-$123
$903
$98
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
454
pensions
-
-
-
49
total
-
-
-
536
Employee
410
-
1 507
-
income
56
-
334
-
pensions
46
-
90
-
health
47
-
173
-
total
149
-
597
-
Employer
410
-
1 507
-
unemployment
10
-
37
-
accident
7
-
25
-
pensions
67
-
131
-
total
84
-
193
-
Corporate
1 206
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.

1 085
1 530
-
-
total
1 085
1 530
-
-
Dividends
121
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 341
1 562
790
536
After tax
359
138
910
1 164
Living cost
261
261
261
261
Free-cash
98
-123
649
903

Estimated living cost  is $261 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1264
$1519
$1587
$1501
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
$658
$936
$589
$857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
81
health
-
-
-
75
income
-
-
-
234
pensions

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

-
-
-
408
total
-
-
-
798
Employee
427
-
1 358
-
income
74
-
258
-
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
-
health
6
-
19
-
unemployment
4
-
14
-
total
114
-
386
-
Employer
427
-
1 358
-
other
21
-
68
-
unemployment
4
-
14
-
health
6
-
19
-
accident
3
-
11
-
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
-
total
107
-
343
-
Corporate
1 165
1 700
-
-
income
245
357
-
-
total
245
357
-
-
Dividends
921
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
313
313
313
313
Free-cash
857
936
658
589

Estimated living cost  is $313 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$217
$369
$372
$329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
447
pensions
-
-
-
98
total
-
-
-
545
Employee
1 108
-
1 488
-
income
200
-
343
-
health
18
-
23
-
pensions
107
-
123
-
total
325
-
489
-
Employer
1 108
-
1 488
-
health
21
-
28
-
pensions
131
-
183
-
total
152
-
211
-
Corporate
440
1 700
-
-
income

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

84
323
-
-
total
84
323
-
-
Dividends
357
1 377
-
-
withholding
27
225
-
-
total
27
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
588
548
700
545
After tax
1 112
1 152
1 000
1 155
Living cost
783
783
783
783
Free-cash
329
369
217
372

Estimated living cost  is $783 per week

$587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1248
$1301
$1184
$1248
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
-
-
-
47
income
-
-
-
255
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
364
Employee
201
-
1 621
-
income
20
-
162
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
221
-
Employer
201
-
1 621
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
1 459
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 313
1 530
-
-
withholding
66
77
-
-
total
66
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
300
247
300
364
After tax
1 400
1 453
1 400
1 336
Living cost
152
152
152
152
Free-cash
1 248
1 301
1 248
1 184

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$369
$185
$312
$214
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
-
-
-
145
income
-
-
-
453
pensions
-
-
-
138
total
-
-
-
736
Employee
1 090
1 004
1 481
-
income

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

164
164
177
-
pensions
138
138
138
-
health
136
131
145
-
total
438
433
460
-
Employer
1 090
1 004
1 481
-
unemployment
39
36
45
-
health
76
70
87
-
pensions
76
70
87
-
total
191
176
219
-
Corporate
419
520
-
-
income
84
104
-
-
total
84
104
-
-
Dividends
335
416
-
-
income
71
88
-
-
withholding
50
62
-
-
total
121
150
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
863
679
736
After tax
866
837
1 021
964
Living cost
652
652
652
652
Free-cash
214
185
369
312

Estimated living cost  is $652 per week

$481
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$573
$879
$603
$776
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
-
-
-
418
health
-
-
-
230
income
-
-
-
158
solidarity contribution
-
-
-
-
total
-
-
-
806
Employee
428
-
1 269
-
social contributions
28
-
82
-
solidarity contribution
-
-
-
-
income
51
-
152
-
health
58
-
171
-
total
137
-
405
-
Employer
428
-
1 269
-
health
38
-
114
-
social contributions
107
-
317
-
total
145
-
431
-
Corporate
1 127
1 700
-
-
income
214
323
-
-
total
214
323
-
-
Dividends
913
1 377
-
-
withholding
137
207
-
-
total
137
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
633
530
836
806
After tax
1 067
1 170
864
894
Living cost
291
291
291
291
Free-cash
776
879
573
603

Estimated living cost  is $291 per week

$202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$259
$411
$338
$349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
national
-
-
-
399
regional
-
-
-
20
municipal
-
-
-
10
total
-
-
-
866
Employee
1 045
-
1 700
-
social contributions
352
-
573
-
municipal
6
-
9
-
national
181
-
346
-
regional
10
-
17
-
total
549
-
945
-
Employer
1 045
-
1 700
-
total
-
-
-
-
Corporate
655
1 700
-
-
nationa
157
408
-
-
municipal
26
66
-
-
total
183
474
-
-
Dividends
472
1 226
-
-
withholding
123
319
-
-
total
123
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
855
793
945
866
After tax
845
907
755
834
Living cost
496
496
496
496
Free-cash
349
411
259
338

Estimated living cost  is $496 per week

$346
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
$501
$810
$548
$774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
-
health
-
-
-
111
income
-
-
-
407
pensions
-
-
-
314
surtax
-
-
-
58
unemployment
-
-
-
3
total
-
-
-
893
Employee
389
-
1 404
-
surtax
1
-
51
-
income
65
-
365
-
other
-
-
-
-
pensions
26
-
94
-
health
10
-
36
-
unemployment
27
-
98
-
total
129
-
644
-
Employer
389
-
1 404
-
other
-
-
-
-
unemployment
12
-
45
-
health
18
-
64
-
pensions
52
-
187
-
total
82
-
296
-
Corporate
1 229
1 700
-
-
income
320
442
-
-
total
320
442
-
-
Dividends
910
1 258
-
-
withholding
136
189
-
-
total
136
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
667
631
940
893
After tax
1 033
1 069
760
807
Living cost
259
259
259
259
Free-cash
774
810
501
548

Estimated living cost  is $259 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
$465
$617
$620
$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
income
-
-
-
447
pensions
-
-
-
98
total
-
-
-
545
Employee
743
-
1 488
-
income
134
-
343
-
health
11
-
23
-
pensions
63
-
123
-
total
208
-
489
-
Employer
743
-
1 488
-
health
14
-
28
-
pensions
80
-
183
-
total
94
-
211
-
Corporate
863
1 700
-
-
income

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

164
323
-
-
total
164
323
-
-
Dividends
699
1 377
-
-
withholding
52
225
-
-
total
52
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
518
548
700
545
After tax
1 182
1 152
1 000
1 155
Living cost
535
535
535
535
Free-cash
647
617
465
620

Estimated living cost  is $535 per week

$401
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
$365
-$173
$447
$234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other

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

-
-
-
34
health
-
-
-
4
pensions
-
-
-
156
city
-
-
-
18
national
-
-
-
19
regional
-
-
-
72
total
-
-
-
303
Employee
1 111
-
1 522
-
national
5
-
15
-
city
12
-
16
-
pensions
93
-
128
-
health
3
-
3
-
regional
36
-
62
-
unemployment
-
-
-
-
total
149
-
224
-
Employer
1 111
-
1 522
-
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
3
-
3
-
pensions
93
-
128
-
total
118
-
161
-
Corporate
458
1 700
-
-
regional
97
360
-
-
national
39
144
-
-
total
136
504
-
-
Dividends
322
1 196
-
-
withholding
113
419
-
-
total
113
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
516
923
385
303
After tax
1 184
777
1 315
1 397
Living cost
950
950
950
950
Free-cash
234
-173
365
447

Estimated living cost  is $950 per week

$618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$235
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
$570
$302
$372
$493
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
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
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
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
trade
-
-
-
198
total
-
-
-
789
Employee

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

707
-
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
993
1 700
-
-
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
-
-
trade
170
292
-
-
income
149
255
-
-
total
330
565
-
-
Dividends
663
1 135
-
-
surtax

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

9
15
-
-
withholding
161
279
-
-
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
539
539
539
539
Free-cash
493
302
570
372

Estimated living cost  is $539 per week

$393
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
$574
$454
$562
$524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
60
income
-
-
-
236
pensions
-
-
-
339
surtax
-
-
-
-
total
-
-
-
736
Employee
503
-
1 338
-
surtax
-
-
-
-
social contributions
14
-
38
-
income
30
-
240
-
pensions
57
-
84
-
total
101
-
362
-
Employer
503
-
1 338
-
other
17
-
48
-
unemployment
20
-
54
-
health
35
-
113
-
pensions
83
-
143
-
social contributions
2
-
4
-
total
157
-
362
-
Corporate
1 040
1 700
-
-
surtax
-
-
-
-
income
291
476
-
-
total
291
476
-
-
Dividends
748
1 224
-
-
social contributions
129
211
-
-
surtax
-
-
-
-
withholding
96
157
-
-
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
402
402
402
402
Free-cash
524
454
574
562

Estimated living cost  is $402 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
$614
$494
$602
$561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
60
income
-
-
-
236
pensions
-
-
-
339
surtax
-
-
-
-
total
-
-
-
736
Employee
449
-
1 338
-
surtax
-
-
-
-
social contributions
13
-
38
-
income
23
-
240
-
pensions
51
-
84
-
total
87
-
362
-
Employer
449
-
1 338
-
other
16
-
48
-
unemployment
18
-
54
-
health
31
-
113
-
pensions
74
-
143
-
social contributions
1
-
4
-
total
140
-
362
-
Corporate
1 110
1 700
-
-
surtax
-
-
-
-
income
311
476
-
-
total
311
476
-
-
Dividends
800
1 224
-
-
social contributions
137
211
-
-
surtax
-
-
-
-
withholding
102
157
-
-
total
239
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
777
844
724
736
After tax
923
856
976
964
Living cost
362
362
362
362
Free-cash
561
494
614
602

Estimated living cost  is $362 per week

$210
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
$818
$788
$842
$795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
235
health
-
-
-
119
income
-
-
-
255
total
-
-
-
609
Employee
399
-
1 700
-
social contributions
55
-
235
-
income
66
-
279
-
health
28
-
119
-
total
149
-
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
-
-
social contributions
171
223
-
-
withholding
185
242
-
-
health
86
113
-
-
total
442
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
656
663
633
609
After tax
1 044
1 037
1 067
1 091
Living cost
249
249
249
249
Free-cash
795
788
818
842

Estimated living cost  is $249 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
$34
$529
$454
$511
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
-
-
-
105
income
-
-
-
392
chamber of commerce
-
-
-
7
pensions
-
-
-
254
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
832
Employee
588
469
1 318
-
income
67
35
313
-
other
6
5
13
-
pensions
60
48
135
-
health
23
18
51
-
unemployment
18
14
40
-
total
174
120
552
-
Employer
588
469
1 318
-
other
28
22
63
-
unemployment
18
14
40
-
health
22
18
50
-
surtax
2
2
2
-
accident
8
6
17
-
pensions
74
59
165
-
payroll
18
14
40
-
chamber of commerce
2
2
5
-
total
172
137
382
-
Corporate
941
1 094
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
274
318
-
total
235
274
318
-
Dividends
706
821
-
-
withholding
194
226
-
-
total
194
226
-
-
Income
1 700
1 700
1 700
1 700
Total tax
775
757
1 252
832
After tax
925
943
448
868
Living cost
414
414
414
414
Free-cash
511
529
34
454

Estimated living cost  is $414 per week

$276
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
$190
$522
$317
$346
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.

841
-
1 317
-
national
259
-
457
-
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
-
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
-
communal

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

44
-
69
-
unemployment

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

7
-
11
-
total
413
-
698
-
Employer

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

841
-
1 317
-
unemployment

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

12
-
19
-
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
-
surtax
95
-
149
-
accident

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

11
-
17
-
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
-
total
245
-
383
-
Corporate
614
1 700
-
-
surtax
2
7
-
-
income
123
340
-
-
total
125
347
-
-
Dividends
489
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
1 081
954
After tax
775
951
619
746
Living cost
429
429
429
429
Free-cash
346
522
190
317

Estimated living cost  is $429 per week

$276
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$479
$713
$533
$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
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
415
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
742
Employee
585
-
1 353
-
income
123
-
379
-
other
1
-
1
-
pensions
28
-
51
-
unemployment
9
-
17
-
total
161
-
448
-
Employer
585
-
1 353
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
pensions
138
-
257
-
total
187
-
348
-
Corporate
928
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
789
1 445
-
-
withholding
163
307
-
-
total
163
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
650
562
796
742
After tax
1 050
1 138
904
958
Living cost
425
425
425
425
Free-cash
625
713
479
533

Estimated living cost  is $425 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
$311
$375
$244
$246
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
accident
-
-
-
14
income
-
-
-
238
pensions
-
-
-
255
communal
-
-
-
107
surtax
-
-
-
84
total
-
-
-
817
Employee
890
-
1 519
-
surtax
55
-
93
-
income
86
-
287
-
pensions
71
-
121
-
health
40
-
68
-
total
252
-
569
-
Employer
890
-
1 519
-
health
27
-
46
-
accident
8
-
14
-
pensions
71
-
121
-
total
106
-
181
-
Corporate
703
1 700
-
-
surtax
7
18
-
-
income
105
255
-
-
communal
47
115
-
-
total
159
388
-
-
Dividends
543
1 312
-
-
income
217
101
-
-
withholding
81
197
-
-
total
298
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
815
686
750
817
After tax
885
1 014
950
883
Living cost
639
639
639
639
Free-cash
246
375
311
244

Estimated living cost  is $639 per week

$479
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
$496
$805
$543
$769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
-
health
-
-
-
111
income
-
-
-
407
pensions
-
-
-
314
surtax
-
-
-
58
unemployment
-
-
-
3
total
-
-
-
893
Employee
396
-
1 404
-
surtax
1
-
51
-
income
66
-
365
-
other
-
-
-
-
pensions
26
-
94
-
health
10
-
36
-
unemployment
28
-
98
-
total
131
-
644
-
Employer
396
-
1 404
-
other
-
-
-
-
unemployment
13
-
45
-
health
18
-
64
-
pensions
53
-
187
-
total
84
-
296
-
Corporate
1 221
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
667
631
940
893
After tax
1 033
1 069
760
807
Living cost
264
264
264
264
Free-cash
769
805
496
543

Estimated living cost  is $264 per week

$159
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
$432
$577
$511
$552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
national
-
-
-
399
regional
-
-
-
26
municipal
-
-
-
10
total
-
-
-
872
Employee
652
-
1 700
-
social contributions
220
-
573
-
municipal
3
-
9
-
national
103
-
346
-
regional
9
-
23
-
total
335
-
951
-
Employer
652
-
1 700
-
total
-
-
-
-
Corporate
1 048
1 700
-
-
nationa
251
408
-
-
municipal
52
84
-
-
total
303
492
-
-
Dividends
744
1 208
-
-
withholding
193
314
-
-
total
193
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
831
806
951
872
After tax
869
894
749
828
Living cost
317
317
317
317
Free-cash
552
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
$506
$812
$536
$685
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
-
-
-
418
health
-
-
-
230
income
-
-
-
158
solidarity contribution
-
-
-
-
total
-
-
-
806
Employee
527
-
1 269
-
social contributions
34
-
82
-
solidarity contribution
-
-
-
-
income
63
-
152
-
health
71
-
171
-
total
168
-
405
-
Employer
527
-
1 269
-
health
47
-
114
-
social contributions
132
-
317
-
total
179
-
431
-
Corporate
994
1 700
-
-
income
189
323
-
-
total
189
323
-
-
Dividends
805
1 377
-
-
withholding
121
207
-
-
total
121
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
530
836
806
After tax
1 043
1 170
864
894
Living cost
358
358
358
358
Free-cash
685
812
506
536

Estimated living cost  is $358 per week

$266
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
$73
$570
$495
$565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
105
income
-
-
-
392
chamber of commerce
-
-
-
7
pensions
-
-
-
254
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
830
Employee
514
469
1 320
-
income
46
35
313
-
other
5
5
13
-
pensions
53
48
135
-
health
20
18
51
-
unemployment
15
14
40
-
total
139
120
552
-
Employer
514
469
1 320
-
other
24
22
63
-
unemployment
15
14
40
-
health
19
18
50
-
surtax
-
-
-
-
accident
7
6
17
-
pensions
65
59
166
-
payroll
15
14
40
-
chamber of commerce
2
2
5
-
total
147
135
381
-
Corporate
1 038
1 097
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.

260
274
319
-
total
260
274
319
-
Dividends
779
822
-
-
withholding
214
226
-
-
total
214
226
-
-
Income
1 700
1 700
1 700
1 700
Total tax
760
755
1 252
830
After tax
940
945
448
870
Living cost
375
375
375
375
Free-cash
565
570
73
495

Estimated living cost  is $375 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
$1210
$1465
$1533
$1436
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
$489
$855
$534
$755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
167
income
-
-
-
371
pensions
-
-
-
310
unemployment
-
-
-
3
total
-
-
-
851
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.

520
-
1 471
-
income
90
-
342
-
pensions
81
-
228
-
health
34
-
95
-
unemployment
1
-
2
-
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.

520
-
1 471
-
unemployment
-
-
1
-
health
35
-
98
-
pensions
46
-
130
-
total
81
-
229
-
Corporate
1 099
1 700
-
-
income
209
323
-
-
total
209
323
-
-
Dividends
890
1 377
-
-
withholding
134
207
-
-
total
134
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
630
530
896
851
After tax
1 070
1 170
804
849
Living cost
315
315
315
315
Free-cash
755
855
489
534

Estimated living cost  is $315 per week

$216
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
$1008
$504
$645
-$132
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
760
-
-
-
social contributions
62
-
9
-
income
168
-
-
-
total
230
-
9
-
Employer
760
-
-
-
social contributions
1 072
-
153
-
total
1 072
-
153
-
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
1 302
666
162
525
After tax
398
1 034
1 538
1 175
Living cost
530
530
530
530
Free-cash
-132
504
1 008
645

Estimated living cost  is $530 per week

$344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Oslo model

Close
Lisbon , Portugal
$437
$598
$554
$588
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
social contributions

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

-
-
-
591
income
-
-
-
186
surtax
-
-
-
-
total
-
-
-
777
Employee
541
-
1 374
-
surtax
-
-
-
-
social contributions
59
-
151
-
income
112
-
417
-
total
171
-
568
-
Employer
541
-
1 374
-
social contributions
128
-
326
-
total
128
-
326
-
Corporate
1 031
1 700
-
-
surtax
-
-
-
-
income
216
357
-
-
total
216
357
-
-
Dividends
814
1 343
-
-
withholding
228
376
-
-
total
228
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
743
733
894
777
After tax
957
967
806
923
Living cost
369
369
369
369
Free-cash
588
598
437
554

Estimated living cost  is $369 per week

$276
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
$408
$288
$396
$370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
60
income
-
-
-
236
pensions
-
-
-
339
surtax
-
-
-
-
total
-
-
-
736
Employee
736
-
1 338
-
surtax
-
-
-
-
social contributions
21
-
38
-
income
64
-
240
-
pensions
83
-
84
-
total
168
-
362
-
Employer
736
-
1 338
-
other
25
-
48
-
unemployment
30
-
54
-
health
52
-
113
-
pensions
121
-
143
-
social contributions
2
-
4
-
total
230
-
362
-
Corporate
734
1 700
-
-
surtax
-
-
-
-
income
205
476
-
-
total
205
476
-
-
Dividends
528
1 224
-
-
social contributions
91
211
-
-
surtax
-
-
-
-
withholding
68
157
-
-
total
159
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
762
844
724
736
After tax
938
856
976
964
Living cost
568
568
568
568
Free-cash
370
288
408
396

Estimated living cost  is $568 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$957
$1177
$912
$1137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
61
social contributions
-
-
-
374
total
-
-
-
435
Employee
378
-
1 472
-
income
-
-
66
-
social contributions
25
-
96
-
total
25
-
162
-
Employer
378
-
1 472
-
social contributions
59
-
228
-
total
59
-
228
-
Corporate
1 263
1 700
-
-
income
126
170
-
-
total
126
170
-
-
Dividends
1 137
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
353
353
353
353
Free-cash
1 137
1 177
957
912

Estimated living cost  is $353 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
-$858
-$858
$459
-$858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
labour market
-
-
-
135
pensions
-
-
-
10
national
-
-
-
188
municipal
-
-
-
343
total
-
-
-
676
Employee
2 387
2 387
2 387
-
labour market
191
191
191
-
municipal
508
508
508
-
national
292
292
292
-
pensions
3
3
3
-
total
994
994
994
-
Employer
2 387
2 387
2 387
-
national
292
292
292
-
labour market
191
191
191
-
pensions
7
7
7
-
municipal
509
509
509
-
total
999
999
999
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 993
1 993
1 993
676
After tax
-293
-293
-293
1 024
Living cost
565
565
565
565
Free-cash
-858
-858
-858
459

Estimated living cost  is $565 per week

$387
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
$653
-$119
$907
$98
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
454
pensions
-
-
-
49
total
-
-
-
536
Employee
404
-
1 507
-
income
55
-
334
-
pensions
46
-
90
-
health
46
-
173
-
total
147
-
597
-
Employer
404
-
1 507
-
unemployment
10
-
37
-
accident
7
-
25
-
pensions
66
-
131
-
total
83
-
193
-
Corporate
1 213
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.

1 092
1 530
-
-
total
1 092
1 530
-
-
Dividends
121
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 345
1 562
790
536
After tax
355
138
910
1 164
Living cost
257
257
257
257
Free-cash
98
-119
653
907

Estimated living cost  is $257 per week

$187
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 Krakow model

Close
Helsinki , Finland
$465
$637
$698
$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

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

-
-
-
1 700
health
-
-
-
21
national
-
-
-
228
municipal
-
-
-
302
total
-
-
-
551
Employee
619
-
1 430
-
municipal
101
-
233
-
national
10
-
147
-
pensions
42
-
97
-
health
5
-
17
-
unemployment
9
-
21
-
total
167
-
515
-
Employer
619
-
1 430
-
unemployment
4
-
9
-
health
5
-
11
-
accident
1
-
1
-
pensions
107
-
248
-
total
117
-
269
-
Corporate
965
1 700
-
-
income
193
340
-
-
total
193
340
-
-
Dividends

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

579
1 020
-
-
national
11
88
-
-
municipal
104
184
-
-
total
115
272
-
-
Income
1 700
1 700
1 700
1 700
Total tax
592
612
784
551
After tax
1 108
1 088
916
1 149
Living cost
451
451
451
451
Free-cash
657
637
465
698

Estimated living cost  is $451 per week

$295
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.
$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
$893
$969
$909
$906
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
-
-
-
190
health
-
-
-
43
income
-
-
-
286
total
-
-
-
519
Employee
904
904
1 570
-
social contributions
34
75
101
-
income
98
84
277
-
health
7
15
27
-
total
139
174
405
-
Employer
904
904
1 570
-
health
8
17
29
-
social contributions
34
75
101
-
total
42
92
130
-
Corporate
1 246
704
-
-
income
156
88
-
-
total
156
88
-
-
Dividends
1 091
616
-
-
withholding
185
105
-
-
total
185
105
-
-
Income
1 700
1 700
1 700
1 700
Total tax
522
459
535
519
After tax
1 178
1 241
1 165
1 181
Living cost
272
272
272
272
Free-cash
906
969
893
909

Estimated living cost  is $272 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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$989
$1221
$1225
$1162
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
health
-
-
-
43
income
-
-
-
170
pensions
-
-
-
75
unemployment
-
-
-
-
total
-
-
-
288
Employee

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

270
-
1 585
-
income
18
-
141
-
pensions
40
-
167
-
health
23
-
95
-
unemployment
1
-
6
-
total
82
-
409
-
Employer

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

270
-
1 585
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
61
-
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
351
292
524
288
After tax
1 349
1 408
1 176
1 412
Living cost
187
187
187
187
Free-cash
1 162
1 221
989
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
$581
$815
$635
$760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
415
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
742
Employee
435
-
1 353
-
income
84
-
379
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
111
-
448
-
Employer
435
-
1 353
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
pensions
103
-
257
-
total
139
-
348
-
Corporate
1 127
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
958
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
323
323
323
323
Free-cash
760
815
581
635

Estimated living cost  is $323 per week

$218
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
$1067
$1039
$1071
$1035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
11
income
-
-
-
580
pensions
-
-
-
16
total
-
-
-
607
Employee
33
-
1 682
-
income
6
-
580
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
592
-
Employer
33
-
1 682
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
1 659
1 700
-
-
income
365
374
-
-
total
365
374
-
-
Dividends
1 294
1 326
-
-
withholding
259
265
-
-
total
259
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
643
639
611
607
After tax
1 057
1 061
1 089
1 093
Living cost
22
22
22
22
Free-cash
1 035
1 039
1 067
1 071

Estimated living cost  is $22 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$792
$1025
$794
$967
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
health
-
-
-
89
income
-
-
-
376
pensions
-
-
-
225
unemployment
-
-
-
13
total
-
-
-
703
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.

306
-
1 545
-
income
42
-
376
-
pensions
43
-
121
-
health
16
-
45
-
unemployment
2
-
7
-
total
103
-
549
-
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.

306
-
1 545
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
37
-
104
-
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
705
703
After tax
1 170
1 228
995
997
Living cost
203
203
203
203
Free-cash
967
1 025
792
794

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
$489
$650
$606
$647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
social contributions

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

-
-
-
591
income
-
-
-
186
surtax
-
-
-
-
total
-
-
-
777
Employee
456
-
1 374
-
surtax
-
-
-
-
social contributions
50
-
151
-
income
89
-
417
-
total
139
-
568
-
Employer
456
-
1 374
-
social contributions
108
-
326
-
total
108
-
326
-
Corporate
1 135
1 700
-
-
surtax
-
-
-
-
income
238
357
-
-
total
238
357
-
-
Dividends
897
1 343
-
-
withholding
251
376
-
-
total
251
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
736
733
894
777
After tax
964
967
806
923
Living cost
317
317
317
317
Free-cash
647
650
489
606

Estimated living cost  is $317 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
$491
$725
$545
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
415
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
742
Employee
568
-
1 353
-
income
119
-
379
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
156
-
448
-
Employer
568
-
1 353
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
pensions
134
-
257
-
total
181
-
348
-
Corporate
951
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.

143
255
-
-
total
143
255
-
-
Dividends
808
1 445
-
-
withholding
167
307
-
-
total
167
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
647
562
796
742
After tax
1 053
1 138
904
958
Living cost
413
413
413
413
Free-cash
640
725
491
545

Estimated living cost  is $413 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
$1201
$1254
$1137
$1185
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
-
-
-
47
income
-
-
-
255
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
364
Employee
264
-
1 621
-
income
26
-
162
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
221
-
Employer
264
-
1 621
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 384
1 700
-
-
income
138
170
-
-
total
138
170
-
-
Dividends
1 246
1 530
-
-
withholding
62
77
-
-
total
62
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
316
247
300
364
After tax
1 384
1 453
1 400
1 336
Living cost
199
199
199
199
Free-cash
1 185
1 254
1 201
1 137

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
$655
$422
$489
$577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
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
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
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
trade
-
-
-
166
total
-
-
-
757
Employee

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

585
-
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
1 115
1 700
-
-
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
-
-
trade
160
244
-
-
income
167
255
-
-
total
339
517
-
-
Dividends
775
1 183
-
-
surtax

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

10
16
-
-
withholding
189
291
-
-
total
199
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
669
824
591
757
After tax
1 031
876
1 109
943
Living cost
454
454
454
454
Free-cash
577
422
655
489

Estimated living cost  is $454 per week

$313
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.
$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

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
$521
$269
$545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
486
social contributions
-
-
-
275
total
-
-
-
761
Employee
920
-
1 700
-
income
174
-
486
-
social contributions
76
-
275
-
total
250
-
761
-
Employer
920
-
1 700
-
total
-
-
-
-
Corporate
780
1 700
-
-
income
98
212
-
-
total
98
212
-
-
Dividends
683
1 488
-
-
withholding
137
297
-
-
total
137
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
485
509
761
761
After tax
1 215
1 191
939
939
Living cost
670
670
670
670
Free-cash
545
521
269
269

Estimated living cost  is $670 per week

$510
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
$805
$616
$866
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 700
income
-
-
-
335
health

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

-
-
-
72
total
-
-
-
407
Employee
539
-
1 646
-
income
59
-
360
-
social contributions
54
-
54
-
total
113
-
414
-
Employer
539
-
1 646
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 107
1 700
-
-
income
387
595
-
-
total
387
595
-
-
Dividends
719
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
427
427
427
427
Free-cash
657
616
805
866

Estimated living cost  is $427 per week

$281
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$565
$717
$720
$772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
447
pensions
-
-
-
98
total
-
-
-
545
Employee
597
-
1 488
-
income
109
-
343
-
health
8
-
23
-
pensions
46
-
123
-
total
163
-
489
-
Employer
597
-
1 488
-
health
11
-
28
-
pensions
60
-
183
-
total
71
-
211
-
Corporate
1 031
1 700
-
-
income

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

196
323
-
-
total
196
323
-
-
Dividends
835
1 377
-
-
withholding
63
225
-
-
total
63
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
493
548
700
545
After tax
1 207
1 152
1 000
1 155
Living cost
435
435
435
435
Free-cash
772
717
565
720

Estimated living cost  is $435 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$628
-$144
$882
$95
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
454
pensions
-
-
-
49
total
-
-
-
536
Employee
444
-
1 507
-
income
61
-
334
-
pensions
50
-
90
-
health
51
-
173
-
total
162
-
597
-
Employer
444
-
1 507
-
unemployment
11
-
37
-
accident
7
-
25
-
pensions
72
-
131
-
total
90
-
193
-
Corporate
1 165
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.

1 049
1 530
-
-
total
1 049
1 530
-
-
Dividends
117
170
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 323
1 562
790
536
After tax
377
138
910
1 164
Living cost
282
282
282
282
Free-cash
95
-144
628
882

Estimated living cost  is $282 per week

$207
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.
$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
$1010
$1273
$800
$1218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
income
-
-
-
275
health insurance
-
-
-
126
work injury
-
-
-
8
pensions
-
-
-
313
unemployment
-
-
-
20
total
-
-
-
742
Employee

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

253
-
1 700
-
income
25
-
275
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
47
-
172
-
unemployment
3
-
11
-
total
95
-
532
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 447
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
1 432
1 683
-
-
withholding
215
252
-
-
total
215
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
324
269
532
742
After tax
1 376
1 431
1 168
958
Living cost
158
158
158
158
Free-cash
1 218
1 273
1 010
800

Estimated living cost  is $158 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
$270
$427
$346
$375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
national
-
-
-
399
regional
-
-
-
39
municipal
-
-
-
11
total
-
-
-
886
Employee
991
-
1 700
-
social contributions
334
-
573
-
municipal
6
-
10
-
national
167
-
346
-
regional
15
-
33
-
total
522
-
962
-
Employer
991
-
1 700
-
total
-
-
-
-
Corporate
709
1 700
-
-
nationa
170
408
-
-
municipal
34
82
-
-
total
204
490
-
-
Dividends
505
1 210
-
-
withholding
131
315
-
-
total
131
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
857
805
962
886
After tax
843
895
738
814
Living cost
468
468
468
468
Free-cash
375
427
270
346

Estimated living cost  is $468 per week

$329
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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