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
$750
$498
$569
$629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
27
trade
-
-
-
181
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.

-
-
-
482
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.

-
-
-
81
total
-
-
-
771
Employee

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

454
-
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.

81
-
81
-
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
-
482
-
total
95
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 246
1 700
-
-
chamber of commerce
4
4
-
-
trade
196
268
-
-
surtax

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

10
14
-
-
income
187
255
-
-
total
397
541
-
-
Dividends
849
1 159
-
-
withholding
208
285
-
-
surtax

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

11
16
-
-
total
219
301
-
-
Income
1 700
1 700
1 700
1 700
Total tax
711
842
590
771
After tax
989
858
1 110
929
Living cost
360
360
360
360
Free-cash
629
498
750
569

Estimated living cost  is $360 per week

$226
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.
$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 Dresden model

Close
Reykjavik , Iceland
$392
$428
$379
$417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

113
340
-
-
total
113
340
-
-
Dividends
451
1 360
-
-
withholding
99
299
-
-
total
99
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
650
639
675
688
After tax
1 050
1 061
1 025
1 012
Living cost
633
633
633
633
Free-cash
417
428
392
379

Estimated living cost  is $633 per week

$431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$705
$1113
$291
$1015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 700
microenterprise
-
-
-
-
surtax
-
-
-
434
social contributions

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

-
-
-
455
income
-
-
-
273
total
-
-
-
1 162
Employee
347
-
1 370
-
social contributions

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

38
-
151
-
surtax
-
-
-
-
income
62
-
267
-
total
100
-
418
-
Employer
347
-
1 370
-
surtax
-
-
-
-
social contributions

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

84
-
330
-
total
84
-
330
-
Corporate
1 269
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%.

254
340
-
-
total
254
340
-
-
Dividends

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

1 015
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
438
340
748
1 162
After tax
1 262
1 360
952
538
Living cost
247
247
247
247
Free-cash
1 015
1 113
705
291

Estimated living cost  is $247 per week

$158
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.
$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
$522
$337
$468
$264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
449
pensions
-
-
-
139
health
-
-
-
146
total
-
-
-
734
Employee
1 014
1 014
1 479
-
health
156
132
146
-
pensions
183
139
139
-
income

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

166
166
174
-
total
505
437
459
-
Employer
1 014
1 014
1 479
-
unemployment
37
37
45
-
health
71
71
88
-
pensions
71
71
88
-
total
179
179
221
-
Corporate
520
508
-
-
income
104
102
-
-
total
104
102
-
-
Dividends
416
406
-
-
withholding
62
61
-
-
income
88
86
-
-
total
150
147
-
-
Income
1 700
1 700
1 700
1 700
Total tax
938
865
680
734
After tax
762
835
1 020
966
Living cost
498
498
498
498
Free-cash
264
337
522
468

Estimated living cost  is $498 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$406
$448
$419
$438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
416
other
-
-
-
122
unemployment
-
-
-
1
national
-
-
-
80
pensions
-
-
-
114
accident
-
-
-
2
health
-
-
-
66
total
-
-
-
801
Employee
684
-
1 370
-
national
-
-
75
-
municipal
204
-
408
-
total
204
-
483
-
Employer
684
-
1 370
-
unemployment
18
-
28
-
accident
1
-
2
-
health
42
-
65
-
pensions
74
-
114
-
other
79
-
122
-
total
214
-
331
-
Corporate
801
1 700
-
-
income
176
374
-
-
total
176
374
-
-
Dividends
625
1 326
-
-
withholding
188
398
-
-
total
188
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
772
814
801
After tax
918
928
886
899
Living cost
480
480
480
480
Free-cash
438
448
406
419

Estimated living cost  is $480 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$643
$382
$454
$549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
-
-
-
189
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.

-
-
-
482
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.

-
-
-
81
total
-
-
-
779
Employee

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

602
-
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.

81
-
81
-
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.

52
-
482
-
total
136
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 098
1 700
-
-
chamber of commerce
3
4
-
-
trade
181
280
-
-
surtax

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

9
14
-
-
income
165
255
-
-
total
358
553
-
-
Dividends
740
1 147
-
-
withholding
180
282
-
-
surtax

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

10
16
-
-
total
190
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
684
851
590
779
After tax
1 016
849
1 110
921
Living cost
467
467
467
467
Free-cash
549
382
643
454

Estimated living cost  is $467 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$781
$855
$797
$808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
283
health
-
-
-
43
total
-
-
-
518
Employee
913
913
1 569
-
health
9
16
27
-
social contributions
44
76
102
-
income
96
85
274
-
total
149
177
403
-
Employer
913
913
1 569
-
health
10
17
29
-
social contributions
44
76
102
-
total
54
93
131
-
Corporate
1 111
694
-
-
income
139
87
-
-
total
139
87
-
-
Dividends
972
607
-
-
withholding
165
103
-
-
total
165
103
-
-
Income
1 700
1 700
1 700
1 700
Total tax
507
460
534
518
After tax
1 193
1 240
1 166
1 182
Living cost
385
385
385
385
Free-cash
808
855
781
797

Estimated living cost  is $385 per week

$263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$773
$742
$964
$747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
unemployment
-
-
-
26
income
-
-
-
208
pensions
-
-
-
170
health
-
-
-
119
total
-
-
-
523
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.

307
122
1 423
-
health
21
9
100
-
pensions
31
12
142
-
unemployment
5
2
21
-
income
38
15
174
-
total
95
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.

307
122
1 423
-
pensions
60
24
277
-
total
60
24
277
-
Corporate
1 333
1 554
-
-
income
120
140
-
-
total
120
140
-
-
Dividends
1 213
1 414
-
-
withholding
230
269
-
-
social contributions
235
274
-
-
total
465
543
-
-
Income
1 700
1 700
1 700
1 700
Total tax
740
745
714
523
After tax
960
955
986
1 177
Living cost
213
213
213
213
Free-cash
747
742
773
964

Estimated living cost  is $213 per week

$145
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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$694
$1073
$624
$999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
228
pensions
-
-
-
340
health
-
-
-
221
total
-
-
-
789
Employee
337
-
1 271
-
unemployment
5
-
20
-
pensions
7
-
25
-
income
38
-
245
-
total
50
-
290
-
Employer
337
-
1 271
-
unemployment
3
-
10
-
health
44
-
165
-
pensions
67
-
254
-
total
114
-
429
-
Corporate
1 249
1 700
-
-
income
250
340
-
-
total
250
340
-
-
Dividends
999
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
287
287
287
287
Free-cash
999
1 073
694
624

Estimated living cost  is $287 per week

$197
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
$644
-$127
$900
$97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
4
income
-
-
-
452
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
535
Employee
417
-
1 505
-
health
48
-
172
-
pensions
47
-
92
-
income
57
-
332
-
total
152
-
596
-
Employer
417
-
1 505
-
unemployment
10
-
37
-
accident
7
-
25
-
pensions
68
-
133
-
total
85
-
195
-
Corporate
1 198
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.

1 078
1 530
-
-
total
1 078
1 530
-
-
Dividends
120
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 338
1 562
791
535
After tax
362
138
909
1 165
Living cost
265
265
265
265
Free-cash
97
-127
644
900

Estimated living cost  is $265 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$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
$656
$932
$586
$853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
75
total
-
-
-
798
Employee
431
-
1 358
-
health
6
-
19
-
pensions

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

30
-
95
-
unemployment
4
-
14
-
income
74
-
257
-
total
114
-
385
-
Employer
431
-
1 358
-
unemployment
4
-
14
-
accident
3
-
11
-
health
6
-
19
-
pensions

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

73
-
231
-
other
22
-
68
-
total
108
-
343
-
Corporate
1 160
1 700
-
-
income
244
357
-
-
total
244
357
-
-
Dividends
916
1 343
-
-
withholding
64
94
-
-
total
64
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
530
451
728
798
After tax
1 170
1 249
972
902
Living cost
316
316
316
316
Free-cash
853
932
656
586

Estimated living cost  is $316 per week

$224
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
$202
$357
$358
$309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
1 132
-
1 489
-
health
19
-
23
-
pensions
109
-
125
-
income
204
-
339
-
total
332
-
487
-
Employer
1 132
-
1 489
-
health
21
-
28
-
pensions
134
-
183
-
total
155
-
211
-
Corporate
413
1 700
-
-
income

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

79
323
-
-
total
79
323
-
-
Dividends
335
1 377
-
-
withholding
25
220
-
-
total
25
220
-
-
Income
1 700
1 700
1 700
1 700
Total tax
591
543
698
542
After tax
1 109
1 157
1 002
1 158
Living cost
800
800
800
800
Free-cash
309
357
202
358

Estimated living cost  is $800 per week

$599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$1240
$1297
$1178
$1243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
unemployment
-
-
-
2
income
-
-
-
255
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
366
Employee
206
-
1 619
-
health
10
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
21
-
162
-
total
51
-
222
-
Employer
206
-
1 619
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
29
-
pensions

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

23
-
46
-
total
40
-
82
-
Corporate
1 453
1 700
-
-
income
145
170
-
-
total
145
170
-
-
Dividends
1 308
1 530
-
-
withholding
65
77
-
-
total
65
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
301
247
304
366
After tax
1 399
1 453
1 396
1 334
Living cost
156
156
156
156
Free-cash
1 243
1 297
1 240
1 178

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$361
$176
$307
$206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
449
pensions
-
-
-
139
health
-
-
-
146
total
-
-
-
734
Employee
1 101
1 014
1 479
-
health
137
132
146
-
pensions
139
139
139
-
income

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

166
166
174
-
total
442
437
459
-
Employer
1 101
1 014
1 479
-
unemployment
40
37
45
-
health
77
71
88
-
pensions
77
71
88
-
total
194
179
221
-
Corporate
406
508
-
-
income
81
102
-
-
total
81
102
-
-
Dividends
325
406
-
-
withholding
49
61
-
-
income
69
86
-
-
total
118
147
-
-
Income
1 700
1 700
1 700
1 700
Total tax
835
865
680
734
After tax
865
835
1 020
966
Living cost
659
659
659
659
Free-cash
206
176
361
307

Estimated living cost  is $659 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$574
$880
$604
$777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
solidarity contribution
-
-
-
-
social contributions
-
-
-
418
income
-
-
-
158
health
-
-
-
230
total
-
-
-
806
Employee
427
-
1 269
-
health
58
-
171
-
social contributions
28
-
82
-
solidarity contribution
-
-
-
-
income
51
-
152
-
total
137
-
405
-
Employer
427
-
1 269
-
health
38
-
114
-
social contributions
107
-
317
-
total
145
-
431
-
Corporate
1 128
1 700
-
-
income
214
323
-
-
total
214
323
-
-
Dividends
914
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
290
290
290
290
Free-cash
777
880
574
604

Estimated living cost  is $290 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
$255
$406
$334
$343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
social contributions
-
-
-
437
national
-
-
-
398
regional
-
-
-
20
total
-
-
-
865
Employee
1 056
-
1 700
-
social contributions
356
-
573
-
national
183
-
345
-
regional
10
-
17
-
municipal
6
-
9
-
total
555
-
944
-
Employer
1 056
-
1 700
-
total
-
-
-
-
Corporate
644
1 700
-
-
municipal
25
66
-
-
nationa
155
408
-
-
total
180
474
-
-
Dividends
465
1 226
-
-
withholding
121
319
-
-
total
121
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
856
793
944
865
After tax
844
907
756
835
Living cost
501
501
501
501
Free-cash
343
406
255
334

Estimated living cost  is $501 per week

$349
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$500
$807
$544
$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
surtax
-
-
-
57
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
404
pensions
-
-
-
317
health
-
-
-
113
total
-
-
-
894
Employee
393
-
1 404
-
health
10
-
36
-
pensions
26
-
94
-
unemployment
27
-
98
-
surtax
1
-
51
-
other
-
-
-
-
income
66
-
363
-
total
130
-
642
-
Employer
393
-
1 404
-
unemployment
12
-
45
-
health
18
-
64
-
pensions
52
-
187
-
other
-
-
-
-
total
82
-
296
-
Corporate
1 225
1 700
-
-
income
318
442
-
-
total
318
442
-
-
Dividends
906
1 258
-
-
withholding
136
189
-
-
total
136
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
666
631
938
894
After tax
1 034
1 069
762
806
Living cost
262
262
262
262
Free-cash
772
807
500
544

Estimated living cost  is $262 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$456
$611
$612
$634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
758
-
1 489
-
health
11
-
23
-
pensions
64
-
125
-
income
137
-
339
-
total
212
-
487
-
Employer
758
-
1 489
-
health
14
-
28
-
pensions
82
-
183
-
total
96
-
211
-
Corporate
845
1 700
-
-
income

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

161
323
-
-
total
161
323
-
-
Dividends
685
1 377
-
-
withholding
51
220
-
-
total
51
220
-
-
Income
1 700
1 700
1 700
1 700
Total tax
520
543
698
542
After tax
1 180
1 157
1 002
1 158
Living cost
546
546
546
546
Free-cash
634
611
456
612

Estimated living cost  is $546 per week

$409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$376
-$163
$457
$242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
city
-
-
-
18
other

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

-
-
-
34
national
-
-
-
19
pensions
-
-
-
156
regional
-
-
-
73
health
-
-
-
4
total
-
-
-
304
Employee
1 099
-
1 522
-
health
2
-
3
-
pensions
92
-
128
-
unemployment
-
-
-
-
city
12
-
16
-
national
5
-
15
-
regional
36
-
62
-
total
147
-
224
-
Employer
1 099
-
1 522
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
92
-
128
-
other

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

22
-
30
-
total
116
-
161
-
Corporate
472
1 700
-
-
regional
100
360
-
-
national
40
145
-
-
total
140
505
-
-
Dividends
332
1 196
-
-
withholding
116
419
-
-
total
116
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
519
924
385
304
After tax
1 181
776
1 315
1 396
Living cost
939
939
939
939
Free-cash
242
-163
376
457

Estimated living cost  is $939 per week

$611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$566
$297
$369
$489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
-
-
-
197
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.

-
-
-
482
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.

-
-
-
81
total
-
-
-
787
Employee

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

714
-
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.

81
-
81
-
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.

84
-
482
-
total
170
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
1 700
-
-
chamber of commerce
3
4
-
-
trade
169
292
-
-
surtax

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

8
14
-
-
income
148
255
-
-
total
328
565
-
-
Dividends
658
1 135
-
-
withholding
160
279
-
-
surtax

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

9
15
-
-
total
169
294
-
-
Income
1 700
1 700
1 700
1 700
Total tax
667
859
590
787
After tax
1 033
841
1 110
913
Living cost
544
544
544
544
Free-cash
489
297
566
369

Estimated living cost  is $544 per week

$397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$573
$450
$558
$520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
234
pensions
-
-
-
341
health
-
-
-
60
total
-
-
-
736
Employee
508
-
1 339
-
social contributions
14
-
38
-
pensions
57
-
83
-
surtax
-
-
-
-
income
30
-
240
-
total
101
-
361
-
Employer
508
-
1 339
-
unemployment
21
-
54
-
health
36
-
112
-
pensions
84
-
142
-
other
18
-
48
-
social contributions
2
-
4
-
total
161
-
360
-
Corporate
1 033
1 700
-
-
surtax
-
-
-
-
income
289
476
-
-
total
289
476
-
-
Dividends
744
1 224
-
-
withholding
95
157
-
-
surtax
-
-
-
-
social contributions
128
211
-
-
total
223
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
844
721
736
After tax
926
856
979
964
Living cost
406
406
406
406
Free-cash
520
450
573
558

Estimated living cost  is $406 per week

$256
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.
$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 Nice model

Close
Marseille , France
$613
$490
$598
$557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
234
pensions
-
-
-
341
health
-
-
-
60
total
-
-
-
736
Employee
454
-
1 339
-
social contributions
13
-
38
-
pensions
51
-
83
-
surtax
-
-
-
-
income
23
-
240
-
total
87
-
361
-
Employer
454
-
1 339
-
unemployment
18
-
54
-
health
32
-
112
-
pensions
75
-
142
-
other
16
-
48
-
social contributions
1
-
4
-
total
142
-
360
-
Corporate
1 105
1 700
-
-
surtax
-
-
-
-
income
309
476
-
-
total
309
476
-
-
Dividends
795
1 224
-
-
withholding
102
157
-
-
surtax
-
-
-
-
social contributions
137
211
-
-
total
239
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
777
844
721
736
After tax
923
856
979
964
Living cost
366
366
366
366
Free-cash
557
490
613
598

Estimated living cost  is $366 per week

$212
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.
$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 Marseille model

Close
Vilnius , Lithuania
$815
$785
$839
$791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
235
income
-
-
-
255
health
-
-
-
119
total
-
-
-
609
Employee
403
-
1 700
-
health
28
-
119
-
social contributions
56
-
235
-
income
67
-
279
-
total
151
-
633
-
Employer
403
-
1 700
-
total
-
-
-
-
Corporate
1 297
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
1 232
1 615
-
-
withholding
185
242
-
-
health
86
113
-
-
social contributions
170
223
-
-
total
441
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
663
633
609
After tax
1 043
1 037
1 067
1 091
Living cost
252
252
252
252
Free-cash
791
785
815
839

Estimated living cost  is $252 per week

$169
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.
$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 Vilnius model

Close
Vienna , Austria
$31
$528
$447
$508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
surtax
-
-
-
2
chamber of commerce
-
-
-
7
unemployment
-
-
-
73
income
-
-
-
389
pensions
-
-
-
257
health
-
-
-
106
total
-
-
-
834
Employee
594
473
1 318
-
health
23
18
51
-
pensions
61
48
135
-
unemployment
18
14
40
-
other
6
5
13
-
income
68
35
311
-
total
176
120
550
-
Employer
594
473
1 318
-
unemployment
18
14
40
-
payroll
18
14
40
-
accident
8
6
17
-
health
22
18
50
-
pensions
74
59
165
-
other
28
22
63
-
surtax
2
2
2
-
chamber of commerce
2
2
5
-
total
172
137
382
-
Corporate
933
1 088
1 273
-
income

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

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

233
272
318
-
total
233
272
318
-
Dividends
700
816
-
-
withholding
192
224
-
-
total
192
224
-
-
Income
1 700
1 700
1 700
1 700
Total tax
773
753
1 250
834
After tax
927
947
450
866
Living cost
419
419
419
419
Free-cash
508
528
31
447

Estimated living cost  is $419 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$187
$518
$314
$342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
600
total
-
-
-
953
Employee

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

850
-
1 317
-
health

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

40
-
62
-
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.

64
-
99
-
unemployment

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

7
-
11
-
national
261
-
456
-
communal

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

44
-
69
-
total
416
-
697
-
Employer

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

850
-
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
-
accident

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

11
-
17
-
health

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

52
-
81
-
pensions

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

75
-
117
-
surtax
96
-
149
-
total
246
-
383
-
Corporate
603
1 700
-
-
surtax
2
7
-
-
income
121
340
-
-
total
123
347
-
-
Dividends
480
1 353
-
-
withholding

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

140
402
-
-
total
140
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
925
749
1 080
953
After tax
775
951
620
747
Living cost
433
433
433
433
Free-cash
342
518
187
314

Estimated living cost  is $433 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$473
$709
$529
$618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
8
income
-
-
-
411
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
742
Employee
591
-
1 349
-
pensions
28
-
52
-
unemployment
9
-
17
-
other
1
-
1
-
income
125
-
376
-
total
163
-
446
-
Employer
591
-
1 349
-
unemployment
33
-
61
-
accident
12
-
22
-
pensions
140
-
260
-
other
5
-
9
-
total
190
-
352
-
Corporate
920
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.

138
255
-
-
total
138
255
-
-
Dividends
782
1 445
-
-
withholding
162
307
-
-
total
162
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
653
562
798
742
After tax
1 047
1 138
902
958
Living cost
429
429
429
429
Free-cash
618
709
473
529

Estimated living cost  is $429 per week

$316
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
$308
$370
$241
$240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
84
income
-
-
-
235
communal
-
-
-
107
pensions
-
-
-
255
accident
-
-
-
14
health
-
-
-
119
total
-
-
-
814
Employee
900
-
1 519
-
health
40
-
68
-
pensions
72
-
121
-
surtax
55
-
93
-
income
87
-
284
-
total
254
-
566
-
Employer
900
-
1 519
-
accident
8
-
14
-
health
27
-
46
-
pensions
72
-
121
-
total
107
-
181
-
Corporate
693
1 700
-
-
communal
47
115
-
-
surtax
7
18
-
-
income
104
255
-
-
total
158
388
-
-
Dividends
535
1 312
-
-
withholding
80
197
-
-
income
216
100
-
-
total
296
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
815
685
747
814
After tax
885
1 015
953
886
Living cost
646
646
646
646
Free-cash
240
370
308
241

Estimated living cost  is $646 per week

$484
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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$495
$802
$539
$765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
57
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
404
pensions
-
-
-
317
health
-
-
-
113
total
-
-
-
894
Employee
400
-
1 404
-
health
10
-
36
-
pensions
27
-
94
-
unemployment
28
-
98
-
surtax
1
-
51
-
other
-
-
-
-
income
67
-
363
-
total
133
-
642
-
Employer
400
-
1 404
-
unemployment
13
-
45
-
health
18
-
64
-
pensions
53
-
187
-
other
-
-
-
-
total
84
-
296
-
Corporate
1 216
1 700
-
-
income
316
442
-
-
total
316
442
-
-
Dividends
900
1 258
-
-
withholding
135
189
-
-
total
135
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
668
631
938
894
After tax
1 032
1 069
762
806
Living cost
267
267
267
267
Free-cash
765
802
495
539

Estimated living cost  is $267 per week

$161
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
$430
$574
$509
$548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
social contributions
-
-
-
437
national
-
-
-
398
regional
-
-
-
26
total
-
-
-
871
Employee
659
-
1 700
-
social contributions
222
-
573
-
national
104
-
345
-
regional
9
-
23
-
municipal
3
-
9
-
total
338
-
950
-
Employer
659
-
1 700
-
total
-
-
-
-
Corporate
1 041
1 700
-
-
municipal
52
84
-
-
nationa
250
408
-
-
total
302
492
-
-
Dividends
739
1 208
-
-
withholding
192
314
-
-
total
192
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
832
806
950
871
After tax
868
894
750
829
Living cost
320
320
320
320
Free-cash
548
574
430
509

Estimated living cost  is $320 per week

$199
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.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$506
$812
$536
$686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
solidarity contribution
-
-
-
-
social contributions
-
-
-
418
income
-
-
-
158
health
-
-
-
230
total
-
-
-
806
Employee
526
-
1 269
-
health
71
-
171
-
social contributions
34
-
82
-
solidarity contribution
-
-
-
-
income
63
-
152
-
total
168
-
405
-
Employer
526
-
1 269
-
health
47
-
114
-
social contributions
131
-
317
-
total
178
-
431
-
Corporate
995
1 700
-
-
income
189
323
-
-
total
189
323
-
-
Dividends
806
1 377
-
-
withholding
121
207
-
-
total
121
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
656
530
836
806
After tax
1 044
1 170
864
894
Living cost
358
358
358
358
Free-cash
686
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
$70
$568
$489
$559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
7
unemployment
-
-
-
73
income
-
-
-
389
pensions
-
-
-
257
health
-
-
-
106
total
-
-
-
832
Employee
519
473
1 320
-
health
20
18
51
-
pensions
53
48
135
-
unemployment
16
14
40
-
other
5
5
13
-
income
46
35
312
-
total
140
120
551
-
Employer
519
473
1 320
-
unemployment
16
14
40
-
payroll
16
14
40
-
accident
7
6
17
-
health
20
18
50
-
pensions
65
59
166
-
other
25
22
63
-
surtax
-
-
-
-
chamber of commerce
2
2
5
-
total
151
135
381
-
Corporate
1 031
1 090
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.

258
273
319
-
total
258
273
319
-
Dividends
773
818
-
-
withholding
213
225
-
-
total
213
225
-
-
Income
1 700
1 700
1 700
1 700
Total tax
762
753
1 251
832
After tax
938
947
449
868
Living cost
379
379
379
379
Free-cash
559
568
70
489

Estimated living cost  is $379 per week

$227
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.
$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

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
$1437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
187
-
1 700
-
income
37
-
340
-
total
37
-
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%.

1 513
1 700
-
-
total
-
-
-
-
Dividends
1 513
1 700
-
-
withholding
76
85
-
-
total
76
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
113
85
340
17
After tax
1 587
1 615
1 360
1 683
Living cost
150
150
150
150
Free-cash
1 437
1 465
1 210
1 533

Estimated living cost  is $150 per week

$101
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
$486
$851
$531
$752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 700
unemployment
-
-
-
3
income
-
-
-
370
pensions
-
-
-
310
health
-
-
-
167
total
-
-
-
850
Employee

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

525
-
1 471
-
health
34
-
95
-
pensions
81
-
228
-
unemployment
1
-
2
-
income
91
-
341
-
total
207
-
666
-
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.

525
-
1 471
-
unemployment
-
-
1
-
health
35
-
98
-
pensions
46
-
130
-
total
81
-
229
-
Corporate
1 093
1 700
-
-
income
208
323
-
-
total
208
323
-
-
Dividends
885
1 377
-
-
withholding
133
207
-
-
total
133
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
629
530
895
850
After tax
1 071
1 170
805
850
Living cost
319
319
319
319
Free-cash
752
851
486
531

Estimated living cost  is $319 per week

$219
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
$1035
$525
$666
-$60
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 030
-
147
-
total
1 030
-
147
-
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
1 251
666
156
525
After tax
449
1 034
1 544
1 175
Living cost
509
509
509
509
Free-cash
-60
525
1 035
666

Estimated living cost  is $509 per week

$331
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.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$434
$594
$551
$582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
surtax
-
-
-
-
social contributions

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

-
-
-
591
income
-
-
-
185
total
-
-
-
776
Employee
546
-
1 374
-
social contributions
60
-
151
-
surtax
-
-
-
-
income
114
-
416
-
total
174
-
567
-
Employer
546
-
1 374
-
social contributions
130
-
326
-
total
130
-
326
-
Corporate
1 024
1 700
-
-
surtax
-
-
-
-
income
215
357
-
-
total
215
357
-
-
Dividends
809
1 343
-
-
withholding
226
376
-
-
total
226
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
745
733
893
776
After tax
955
967
807
924
Living cost
373
373
373
373
Free-cash
582
594
434
551

Estimated living cost  is $373 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$405
$282
$390
$364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
53
social contributions
-
-
-
48
income
-
-
-
234
pensions
-
-
-
341
health
-
-
-
60
total
-
-
-
736
Employee
744
-
1 339
-
social contributions
21
-
38
-
pensions
84
-
83
-
surtax
-
-
-
-
income
65
-
240
-
total
170
-
361
-
Employer
744
-
1 339
-
unemployment
30
-
54
-
health
52
-
112
-
pensions
122
-
142
-
other
26
-
48
-
social contributions
2
-
4
-
total
232
-
360
-
Corporate
724
1 700
-
-
surtax
-
-
-
-
income
203
476
-
-
total
203
476
-
-
Dividends
521
1 224
-
-
withholding
67
157
-
-
surtax
-
-
-
-
social contributions
90
211
-
-
total
157
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
762
844
721
736
After tax
938
856
979
964
Living cost
574
574
574
574
Free-cash
364
282
405
390

Estimated living cost  is $574 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$954
$1173
$909
$1133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
60
social contributions
-
-
-
374
total
-
-
-
434
Employee
382
-
1 472
-
social contributions
25
-
96
-
income
-
-
65
-
total
25
-
161
-
Employer
382
-
1 472
-
social contributions
59
-
228
-
total
59
-
228
-
Corporate
1 259
1 700
-
-
income
126
170
-
-
total
126
170
-
-
Dividends
1 133
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
210
170
389
434
After tax
1 490
1 530
1 311
1 266
Living cost
357
357
357
357
Free-cash
1 133
1 173
954
909

Estimated living cost  is $357 per week

$231
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.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$887
-$887
$454
-$887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
342
labour market
-
-
-
135
national
-
-
-
187
pensions
-
-
-
10
total
-
-
-
674
Employee
2 415
2 415
2 415
-
pensions
3
3
3
-
national
295
295
295
-
labour market
193
193
193
-
municipal
514
514
514
-
total
1 005
1 005
1 005
-
Employer
2 415
2 415
2 415
-
pensions
7
7
7
-
national
295
295
295
-
labour market
193
193
193
-
municipal
515
515
515
-
total
1 010
1 010
1 010
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
2 015
2 015
2 015
674
After tax
-315
-315
-315
1 026
Living cost
572
572
572
572
Free-cash
-887
-887
-887
454

Estimated living cost  is $572 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$648
-$123
$904
$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
income
-
-
-
452
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
535
Employee
411
-
1 505
-
health
47
-
172
-
pensions
46
-
92
-
income
56
-
332
-
total
149
-
596
-
Employer
411
-
1 505
-
unemployment
10
-
37
-
accident
7
-
25
-
pensions
67
-
133
-
total
84
-
195
-
Corporate
1 205
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
791
535
After tax
359
138
909
1 165
Living cost
261
261
261
261
Free-cash
98
-123
648
904

Estimated living cost  is $261 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$462
$633
$694
$653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
municipal
-
-
-
302
national
-
-
-
227
health
-
-
-
21
total
-
-
-
550
Employee
625
-
1 430
-
health
5
-
17
-
pensions
42
-
97
-
unemployment
9
-
21
-
national
10
-
145
-
municipal
102
-
233
-
total
168
-
513
-
Employer
625
-
1 430
-
unemployment
4
-
9
-
accident
1
-
1
-
health
5
-
11
-
pensions
108
-
248
-
total
118
-
269
-
Corporate
957
1 700
-
-
income
191
340
-
-
total
191
340
-
-
Dividends

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

574
1 020
-
-
national
11
87
-
-
municipal
103
184
-
-
total
114
271
-
-
Income
1 700
1 700
1 700
1 700
Total tax
591
611
782
550
After tax
1 109
1 089
918
1 150
Living cost
456
456
456
456
Free-cash
653
633
462
694

Estimated living cost  is $456 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$891
$965
$907
$901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
283
health
-
-
-
43
total
-
-
-
518
Employee
913
913
1 569
-
health
7
16
27
-
social contributions
35
76
102
-
income
99
85
274
-
total
141
177
403
-
Employer
913
913
1 569
-
health
8
17
29
-
social contributions
35
76
102
-
total
43
93
131
-
Corporate
1 242
694
-
-
income
155
87
-
-
total
155
87
-
-
Dividends
1 086
607
-
-
withholding
185
103
-
-
total
185
103
-
-
Income
1 700
1 700
1 700
1 700
Total tax
524
460
534
518
After tax
1 176
1 240
1 166
1 182
Living cost
275
275
275
275
Free-cash
901
965
891
907

Estimated living cost  is $275 per week

$165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$984
$1219
$1222
$1158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 700
unemployment
-
-
-
-
income
-
-
-
170
pensions
-
-
-
76
health
-
-
-
43
total
-
-
-
289
Employee

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

273
-
1 584
-
health
23
-
96
-
pensions
41
-
169
-
unemployment
1
-
6
-
income
19
-
140
-
total
84
-
411
-
Employer

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

273
-
1 584
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
62
-
total
28
-
116
-
Corporate
1 399
1 700
-
-
income
126
153
-
-
total
126
153
-
-
Dividends
1 273
1 547
-
-
withholding
115
139
-
-
total
115
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
353
292
527
289
After tax
1 347
1 408
1 173
1 411
Living cost
189
189
189
189
Free-cash
1 158
1 219
984
1 222

Estimated living cost  is $189 per week

$120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$575
$811
$631
$754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
8
income
-
-
-
411
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
742
Employee
439
-
1 349
-
pensions
21
-
52
-
unemployment
7
-
17
-
other
-
-
1
-
income
85
-
376
-
total
113
-
446
-
Employer
439
-
1 349
-
unemployment
24
-
61
-
accident
9
-
22
-
pensions
104
-
260
-
other
4
-
9
-
total
141
-
352
-
Corporate
1 121
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.

168
255
-
-
total
168
255
-
-
Dividends
953
1 445
-
-
withholding
197
307
-
-
total
197
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
619
562
798
742
After tax
1 081
1 138
902
958
Living cost
327
327
327
327
Free-cash
754
811
575
631

Estimated living cost  is $327 per week

$220
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1065
$1037
$1066
$1033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
579
pensions
-
-
-
18
health
-
-
-
13
total
-
-
-
610
Employee
37
-
1 680
-
health
2
-
4
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
578
-
total
12
-
591
-
Employer
37
-
1 680
-
unemployment
1
-
2
-
health
4
-
8
-
pensions
4
-
10
-
total
9
-
20
-
Corporate
1 655
1 700
-
-
income
364
374
-
-
total
364
374
-
-
Dividends
1 291
1 326
-
-
withholding
258
265
-
-
total
258
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
643
639
611
610
After tax
1 057
1 061
1 089
1 090
Living cost
24
24
24
24
Free-cash
1 033
1 037
1 065
1 066

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$788
$1023
$789
$966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 700
unemployment
-
-
-
13
income
-
-
-
375
pensions
-
-
-
228
health
-
-
-
90
total
-
-
-
706
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.

310
-
1 543
-
health
16
-
45
-
pensions
43
-
123
-
unemployment
2
-
7
-
income
43
-
375
-
total
104
-
550
-
Employer

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

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

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

310
-
1 543
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
37
-
105
-
total
55
-
157
-
Corporate
1 335
1 700
-
-
income
200
255
-
-
total
200
255
-
-
Dividends
1 135
1 445
-
-
withholding
170
217
-
-
total
170
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
529
472
707
706
After tax
1 171
1 228
993
994
Living cost
205
205
205
205
Free-cash
966
1 023
788
789

Estimated living cost  is $205 per week

$138
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
$487
$647
$604
$642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
surtax
-
-
-
-
social contributions

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

-
-
-
591
income
-
-
-
185
total
-
-
-
776
Employee
461
-
1 374
-
social contributions
51
-
151
-
surtax
-
-
-
-
income
90
-
416
-
total
141
-
567
-
Employer
461
-
1 374
-
social contributions
110
-
326
-
total
110
-
326
-
Corporate
1 129
1 700
-
-
surtax
-
-
-
-
income
237
357
-
-
total
237
357
-
-
Dividends
892
1 343
-
-
withholding
250
376
-
-
total
250
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
738
733
893
776
After tax
962
967
807
924
Living cost
320
320
320
320
Free-cash
642
647
487
604

Estimated living cost  is $320 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$485
$721
$541
$635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
411
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
742
Employee
574
-
1 349
-
pensions
27
-
52
-
unemployment
9
-
17
-
other
1
-
1
-
income
120
-
376
-
total
157
-
446
-
Employer
574
-
1 349
-
unemployment
32
-
61
-
accident
11
-
22
-
pensions
135
-
260
-
other
5
-
9
-
total
183
-
352
-
Corporate
943
1 700
-
-
income

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

142
255
-
-
total
142
255
-
-
Dividends
802
1 445
-
-
withholding
166
307
-
-
total
166
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
648
562
798
742
After tax
1 052
1 138
902
958
Living cost
417
417
417
417
Free-cash
635
721
485
541

Estimated living cost  is $417 per week

$300
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
$1192
$1249
$1130
$1176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
unemployment
-
-
-
2
income
-
-
-
255
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
366
Employee
271
-
1 619
-
health
12
-
19
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
162
-
total
66
-
222
-
Employer
271
-
1 619
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
29
-
pensions

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

30
-
46
-
total
54
-
82
-
Corporate
1 376
1 700
-
-
income
138
170
-
-
total
138
170
-
-
Dividends
1 239
1 530
-
-
withholding
62
77
-
-
total
62
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
320
247
304
366
After tax
1 380
1 453
1 396
1 334
Living cost
204
204
204
204
Free-cash
1 176
1 249
1 192
1 130

Estimated living cost  is $204 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$651
$417
$486
$573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
27
trade
-
-
-
165
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.

-
-
-
482
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.

-
-
-
81
total
-
-
-
755
Employee

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

591
-
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.

81
-
81
-
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.

49
-
482
-
total
133
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 109
1 700
-
-
chamber of commerce
3
4
-
-
trade
159
244
-
-
surtax

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

9
14
-
-
income
166
255
-
-
total
337
517
-
-
Dividends
771
1 183
-
-
withholding
188
291
-
-
surtax

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

10
16
-
-
total
198
307
-
-
Income
1 700
1 700
1 700
1 700
Total tax
668
824
590
755
After tax
1 032
876
1 110
945
Living cost
459
459
459
459
Free-cash
573
417
651
486

Estimated living cost  is $459 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$264
$514
$264
$540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
484
social contributions
-
-
-
275
total
-
-
-
759
Employee
929
-
1 700
-
social contributions
77
-
275
-
income
175
-
484
-
total
252
-
759
-
Employer
929
-
1 700
-
total
-
-
-
-
Corporate
771
1 700
-
-
income
96
212
-
-
total
96
212
-
-
Dividends
674
1 488
-
-
withholding
135
297
-
-
total
135
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
483
509
759
759
After tax
1 217
1 191
941
941
Living cost
677
677
677
677
Free-cash
540
514
264
264

Estimated living cost  is $677 per week

$515
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$801
$611
$859
$652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
338
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
-
-
-
410
Employee
545
-
1 645
-
social contributions
55
-
55
-
income
59
-
358
-
total
114
-
413
-
Employer
545
-
1 645
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 101
1 700
-
-
income
385
595
-
-
total
385
595
-
-
Dividends
715
1 105
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 700
1 700
1 700
1 700
Total tax
617
658
468
410
After tax
1 083
1 042
1 232
1 290
Living cost
431
431
431
431
Free-cash
652
611
801
859

Estimated living cost  is $431 per week

$284
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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$558
$713
$714
$761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
443
pensions
-
-
-
99
total
-
-
-
542
Employee
610
-
1 489
-
health
8
-
23
-
pensions
47
-
125
-
income
111
-
339
-
total
166
-
487
-
Employer
610
-
1 489
-
health
12
-
28
-
pensions
62
-
183
-
total
74
-
211
-
Corporate
1 017
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.

193
323
-
-
total
193
323
-
-
Dividends
824
1 377
-
-
withholding
62
220
-
-
total
62
220
-
-
Income
1 700
1 700
1 700
1 700
Total tax
495
543
698
542
After tax
1 205
1 157
1 002
1 158
Living cost
444
444
444
444
Free-cash
761
713
558
714

Estimated living cost  is $444 per week

$305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$622
-$149
$878
$93
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
452
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
535
Employee
452
-
1 505
-
health
52
-
172
-
pensions
51
-
92
-
income
62
-
332
-
total
165
-
596
-
Employer
452
-
1 505
-
unemployment
11
-
37
-
accident
8
-
25
-
pensions
73
-
133
-
total
92
-
195
-
Corporate
1 156
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.

1 041
1 530
-
-
total
1 041
1 530
-
-
Dividends
116
170
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 320
1 562
791
535
After tax
380
138
909
1 165
Living cost
287
287
287
287
Free-cash
93
-149
622
878

Estimated living cost  is $287 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1004
$1270
$798
$1215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

257
-
1 700
-
pensions
47
-
175
-
unemployment
3
-
11
-
work injury
1
-
5
-
health insurance
19
-
70
-
income
26
-
274
-
total
96
-
535
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 443
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
1 429
1 683
-
-
withholding
214
252
-
-
total
214
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
324
269
535
741
After tax
1 376
1 431
1 165
959
Living cost
161
161
161
161
Free-cash
1 215
1 270
1 004
798

Estimated living cost  is $161 per week

$99
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
$266
$422
$342
$368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
11
social contributions
-
-
-
437
national
-
-
-
398
regional
-
-
-
39
total
-
-
-
885
Employee
1 001
-
1 700
-
social contributions
338
-
573
-
national
169
-
345
-
regional
15
-
33
-
municipal
6
-
10
-
total
528
-
961
-
Employer
1 001
-
1 700
-
total
-
-
-
-
Corporate
699
1 700
-
-
municipal
34
82
-
-
nationa
168
408
-
-
total
202
490
-
-
Dividends
498
1 210
-
-
withholding
129
315
-
-
total
129
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
859
805
961
885
After tax
841
895
739
815
Living cost
473
473
473
473
Free-cash
368
422
266
342

Estimated living cost  is $473 per week

$332
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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