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
$529
$648
$580
$768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
188
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.

-
-
-
502
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.

-
-
-
74
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.

-
-
-
28
total
-
-
-
792
Employee

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

414
-
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.

74
-
74
-
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
-
28
-
income

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

12
-
502
-
total
87
-
604
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 286
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.

11
14
-
-
income
193
255
-
-
trade
203
268
-
-
chamber of commerce
3
4
-
-
total
410
541
-
-
Dividends
876
1 159
-
-
surtax

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

12
16
-
-
withholding
215
286
-
-
total
227
302
-
-
Income
1 700
1 700
1 700
1 700
Total tax
724
843
604
792
After tax
976
857
1 096
908
Living cost
328
328
328
328
Free-cash
648
529
768
580

Estimated living cost  is $328 per week

$206
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.
$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

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
$514
$505
$460
$472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
185
pensions
-
-
-
204
national
-
-
-
286
social contributions
-
-
-
18
total
-
-
-
693
Employee
848
-
1 470
-
municipal
105
-
191
-
pensions
34
-
59
-
national
162
-
297
-
total
301
-
547
-
Employer
848
-
1 470
-
social contributions
9
-
16
-
pensions
68
-
118
-
total
77
-
134
-
Corporate
719
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%.

144
340
-
-
total
144
340
-
-
Dividends
575
1 360
-
-
withholding
126
299
-
-
total
126
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
648
639
681
693
After tax
1 052
1 061
1 019
1 007
Living cost
547
547
547
547
Free-cash
505
514
472
460

Estimated living cost  is $547 per week

$372
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.
$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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1135
$1047
$343
$802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 700
microenterprise
-
-
-
-
income
-
-
-
283
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.

-
-
-
415
total
-
-
-
1 132
Employee
317
-
1 235
-
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.

35
-
136
-
surtax
-
-
-
-
income
56
-
240
-
total
91
-
376
-
Employer
317
-
1 235
-
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.

76
-
297
-
surtax
-
-
-
-
total
76
-
297
-
Corporate
1 307
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%.

261
340
-
-
total
261
340
-
-
Dividends

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

1 046
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
428
340
673
1 132
After tax
1 272
1 360
1 027
568
Living cost
225
225
225
225
Free-cash
1 047
1 135
802
343

Estimated living cost  is $225 per week

$144
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$385
$320
$498
$585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
487
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
748
Employee
925
925
1 499
-
health
142
121
134
-
income

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

151
151
199
-
pensions
166
127
127
-
total
459
399
460
-
Employer
925
925
1 499
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
624
613
-
-
income
125
123
-
-
total
125
123
-
-
Dividends
500
490
-
-
income
106
104
-
-
withholding
75
74
-
-
total
181
178
-
-
Income
1 700
1 700
1 700
1 700
Total tax
926
861
661
748
After tax
774
839
1 039
952
Living cost
454
454
454
454
Free-cash
320
385
585
498

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$510
$501
$463
$454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
125
total
-
-
-
819
Employee
596
-
1 412
-
municipal
178
-
421
-
national
-
-
119
-
total
178
-
540
-
Employer
596
-
1 412
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
916
1 700
-
-
income
202
374
-
-
total
202
374
-
-
Dividends
715
1 326
-
-
withholding
214
398
-
-
total
214
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
781
772
828
819
After tax
919
928
872
881
Living cost
418
418
418
418
Free-cash
501
510
454
463

Estimated living cost  is $418 per week

$277
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$422
$576
$473
$670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
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.

-
-
-
502
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.

-
-
-
74
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.

-
-
-
28
total
-
-
-
801
Employee

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

549
-
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.

74
-
74
-
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
-
28
-
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.

47
-
502
-
total
124
-
604
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 151
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.

9
14
-
-
income
173
255
-
-
trade
189
280
-
-
chamber of commerce
3
4
-
-
total
374
553
-
-
Dividends
776
1 147
-
-
surtax

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

10
16
-
-
withholding
190
283
-
-
total
200
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
698
852
604
801
After tax
1 002
848
1 096
899
Living cost
426
426
426
426
Free-cash
576
422
670
473

Estimated living cost  is $426 per week

$285
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.
$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 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
$891
$847
$822
$806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
309
health
-
-
-
43
social contributions
-
-
-
175
total
-
-
-
527
Employee
833
833
1 578
-
social contributions
40
69
93
-
health
8
14
27
-
income
87
77
301
-
total
135
160
421
-
Employer
833
833
1 578
-
social contributions
40
69
93
-
health
9
15
29
-
total
49
84
122
-
Corporate
1 163
783
-
-
income
145
98
-
-
total
145
98
-
-
Dividends
1 018
685
-
-
withholding
173
116
-
-
total
173
116
-
-
Income
1 700
1 700
1 700
1 700
Total tax
502
458
543
527
After tax
1 198
1 242
1 157
1 173
Living cost
351
351
351
351
Free-cash
847
891
806
822

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$758
$764
$980
$789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
208
pensions
-
-
-
170
unemployment
-
-
-
26
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.

284
113
1 423
-
health
20
8
100
-
income
35
14
174
-
pensions
28
11
142
-
unemployment
4
2
21
-
total
87
35
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.

284
113
1 423
-
pensions
55
22
277
-
total
55
22
277
-
Corporate
1 361
1 565
-
-
income
122
141
-
-
total
122
141
-
-
Dividends
1 238
1 424
-
-
social contributions
240
276
-
-
withholding
235
271
-
-
total
475
547
-
-
Income
1 700
1 700
1 700
1 700
Total tax
739
745
714
523
After tax
961
955
986
1 177
Living cost
197
197
197
197
Free-cash
764
758
789
980

Estimated living cost  is $197 per week

$134
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1098
$1031
$649
$719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
307
-
1 271
-
income
35
-
245
-
pensions
6
-
25
-
unemployment
5
-
20
-
total
46
-
290
-
Employer
307
-
1 271
-
unemployment
2
-
10
-
pensions
61
-
254
-
health
40
-
165
-
total
103
-
429
-
Corporate
1 289
1 700
-
-
income
258
340
-
-
total
258
340
-
-
Dividends
1 031
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
407
340
719
789
After tax
1 293
1 360
981
911
Living cost
262
262
262
262
Free-cash
1 031
1 098
719
649

Estimated living cost  is $262 per week

$179
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.
$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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$99
$101
$926
$680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
462
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
537
Employee
373
-
1 519
-
health
43
-
174
-
income
51
-
346
-
pensions
42
-
82
-
total
136
-
602
-
Employer
373
-
1 519
-
accident
6
-
25
-
unemployment
9
-
37
-
pensions
61
-
119
-
total
76
-
181
-
Corporate
1 251
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.

1 126
1 530
-
-
total
1 126
1 530
-
-
Dividends
125
170
-
-
withholding
24
32
-
-
total
24
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 362
1 562
783
537
After tax
338
138
917
1 163
Living cost
237
237
237
237
Free-cash
101
-99
680
926

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1518
$1500
$1586
$1263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
122
-
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%.

1 578
1 700
-
-
total
-
-
-
-
Dividends
1 578
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
103
85
340
17
After tax
1 597
1 615
1 360
1 683
Living cost
97
97
97
97
Free-cash
1 500
1 518
1 263
1 586

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$960
$884
$623
$678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
243
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.

-
-
-
395
other
-
-
-
78
health
-
-
-
72
total
-
-
-
788
Employee
393
-
1 358
-
health
6
-
19
-
income
68
-
262
-
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.

28
-
95
-
unemployment
4
-
14
-
total
106
-
390
-
Employer
393
-
1 358
-
accident
3
-
11
-
other
20
-
68
-
unemployment
4
-
14
-
pensions

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

67
-
231
-
health
6
-
19
-
total
100
-
343
-
Corporate
1 208
1 700
-
-
income
254
357
-
-
total
254
357
-
-
Dividends
954
1 343
-
-
withholding
67
94
-
-
total
67
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
527
451
733
788
After tax
1 173
1 249
967
912
Living cost
289
289
289
289
Free-cash
884
960
678
623

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$409
$398
$416
$261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
463
pensions
-
-
-
94
total
-
-
-
557
Employee
1 028
-
1 487
-
health
17
-
22
-
income
185
-
360
-
pensions
99
-
117
-
total
301
-
499
-
Employer
1 028
-
1 487
-
pensions
121
-
185
-
health
20
-
28
-
total
141
-
213
-
Corporate
531
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.

101
323
-
-
total
101
323
-
-
Dividends
430
1 377
-
-
withholding
32
241
-
-
total
32
241
-
-
Income
1 700
1 700
1 700
1 700
Total tax
575
564
712
557
After tax
1 125
1 136
988
1 143
Living cost
727
727
727
727
Free-cash
398
409
261
416

Estimated living cost  is $727 per week

$545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1311
$1261
$1201
$1267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
357
Employee
188
-
1 626
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
163
-
pensions

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

17
-
33
-
total
47
-
217
-
Employer
188
-
1 626
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 475
1 700
-
-
income
147
170
-
-
total
147
170
-
-
Dividends
1 327
1 530
-
-
withholding
66
77
-
-
total
66
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
297
247
291
357
After tax
1 403
1 453
1 409
1 343
Living cost
142
142
142
142
Free-cash
1 261
1 311
1 267
1 201

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$238
$266
$351
$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
income
-
-
-
487
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
748
Employee
1 004
925
1 499
-
health
125
121
134
-
income

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

151
151
199
-
pensions
127
127
127
-
total
403
399
460
-
Employer
1 004
925
1 499
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
520
613
-
-
income
104
123
-
-
total
104
123
-
-
Dividends
416
490
-
-
income
88
104
-
-
withholding
62
74
-
-
total
150
178
-
-
Income
1 700
1 700
1 700
1 700
Total tax
833
861
661
748
After tax
867
839
1 039
952
Living cost
601
601
601
601
Free-cash
266
238
438
351

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$911
$819
$674
$605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
165
health
-
-
-
229
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
767
Employee
382
-
1 269
-
social contributions
25
-
82
-
health
52
-
171
-
solidarity contribution
-
-
-
-
income
46
-
152
-
total
123
-
405
-
Employer
382
-
1 269
-
social contributions
95
-
317
-
health
34
-
114
-
total
129
-
431
-
Corporate
1 189
1 700
-
-
income
226
323
-
-
total
226
323
-
-
Dividends
963
1 377
-
-
withholding
144
207
-
-
total
144
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
622
530
836
767
After tax
1 078
1 170
864
933
Living cost
259
259
259
259
Free-cash
819
911
605
674

Estimated living cost  is $259 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$450
$393
$368
$291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
regional
-
-
-
20
national
-
-
-
408
social contributions
-
-
-
437
total
-
-
-
875
Employee
963
-
1 700
-
social contributions
325
-
573
-
regional
9
-
17
-
municipal
5
-
9
-
national
167
-
353
-
total
506
-
952
-
Employer
963
-
1 700
-
total
-
-
-
-
Corporate
737
1 700
-
-
nationa
177
408
-
-
municipal
29
66
-
-
total
206
474
-
-
Dividends
532
1 226
-
-
withholding
138
319
-
-
total
138
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
850
793
952
875
After tax
850
907
748
825
Living cost
457
457
457
457
Free-cash
393
450
291
368

Estimated living cost  is $457 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Milan model

Close
Thessaloniki , Greece
$830
$797
$568
$505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
64
total
-
-
-
893
Employee
358
-
1 404
-
other
-
-
-
-
health
9
-
36
-
surtax
1
-
54
-
income
60
-
378
-
pensions
24
-
94
-
unemployment
25
-
98
-
total
119
-
660
-
Employer
358
-
1 404
-
other
-
-
-
-
unemployment
11
-
45
-
pensions
48
-
187
-
health
16
-
64
-
total
75
-
296
-
Corporate
1 266
1 700
-
-
income
329
442
-
-
total
329
442
-
-
Dividends
937
1 258
-
-
withholding
141
189
-
-
total
141
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
664
631
956
893
After tax
1 036
1 069
744
807
Living cost
239
239
239
239
Free-cash
797
830
505
568

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$639
$691
$646
$491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
463
pensions
-
-
-
94
total
-
-
-
557
Employee
689
-
1 487
-
health
10
-
22
-
income
124
-
360
-
pensions
59
-
117
-
total
193
-
499
-
Employer
689
-
1 487
-
pensions
75
-
185
-
health
13
-
28
-
total
88
-
213
-
Corporate
923
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.

175
323
-
-
total
175
323
-
-
Dividends
748
1 377
-
-
withholding
56
241
-
-
total
56
241
-
-
Income
1 700
1 700
1 700
1 700
Total tax
512
564
712
557
After tax
1 188
1 136
988
1 143
Living cost
497
497
497
497
Free-cash
691
639
491
646

Estimated living cost  is $497 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$43
$310
$567
$486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
city
-
-
-
18
pensions
-
-
-
156
other

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

-
-
-
34
regional
-
-
-
79
health
-
-
-
4
national
-
-
-
23
total
-
-
-
314
Employee
958
-
1 522
-
city
10
-
16
-
regional
31
-
68
-
health
2
-
3
-
pensions
80
-
128
-
unemployment
-
-
-
-
national
5
-
19
-
total
128
-
234
-
Employer
958
-
1 522
-
other

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

19
-
30
-
unemployment
-
-
-
-
pensions
80
-
128
-
health
2
-
3
-
total
101
-
161
-
Corporate
630
1 700
-
-
regional
133
360
-
-
national
54
145
-
-
total
187
505
-
-
Dividends
443
1 196
-
-
withholding
155
419
-
-
total
155
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
571
924
395
314
After tax
1 129
776
1 305
1 386
Living cost
819
819
819
819
Free-cash
310
-43
486
567

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$344
$520
$395
$600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
205
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.

-
-
-
502
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.

-
-
-
74
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.

-
-
-
28
total
-
-
-
809
Employee

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

651
-
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.

74
-
74
-
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.

4
-
28
-
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.

77
-
502
-
total
155
-
604
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 049
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.

9
14
-
-
income
157
255
-
-
trade
180
292
-
-
chamber of commerce
3
4
-
-
total
349
565
-
-
Dividends
700
1 135
-
-
surtax

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

9
15
-
-
withholding
171
280
-
-
total
180
295
-
-
Income
1 700
1 700
1 700
1 700
Total tax
684
860
604
809
After tax
1 016
840
1 096
891
Living cost
496
496
496
496
Free-cash
520
344
600
395

Estimated living cost  is $496 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$485
$551
$591
$586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
249
pensions
-
-
-
323
other
-
-
-
53
health
-
-
-
65
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
738
Employee
464
-
1 329
-
social contributions
13
-
38
-
surtax
-
-
-
-
income
27
-
247
-
pensions
52
-
87
-
total
92
-
372
-
Employer
464
-
1 329
-
other
16
-
50
-
social contributions
1
-
4
-
unemployment
19
-
54
-
pensions
76
-
147
-
health
32
-
116
-
total
144
-
371
-
Corporate
1 092
1 700
-
-
surtax
-
-
-
-
income
306
476
-
-
total
306
476
-
-
Dividends
786
1 224
-
-
surtax
-
-
-
-
social contributions
135
211
-
-
withholding
101
157
-
-
total
236
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
778
844
743
738
After tax
922
856
957
962
Living cost
371
371
371
371
Free-cash
551
485
586
591

Estimated living cost  is $371 per week

$234
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$522
$583
$628
$623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
249
pensions
-
-
-
323
other
-
-
-
53
health
-
-
-
65
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
738
Employee
414
-
1 329
-
social contributions
12
-
38
-
surtax
-
-
-
-
income
21
-
247
-
pensions
47
-
87
-
total
80
-
372
-
Employer
414
-
1 329
-
other
14
-
50
-
social contributions
1
-
4
-
unemployment
17
-
54
-
pensions
68
-
147
-
health
29
-
116
-
total
129
-
371
-
Corporate
1 157
1 700
-
-
surtax
-
-
-
-
income
324
476
-
-
total
324
476
-
-
Dividends
833
1 224
-
-
surtax
-
-
-
-
social contributions
143
211
-
-
withholding
107
157
-
-
total
250
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
783
844
743
738
After tax
917
856
957
962
Living cost
334
334
334
334
Free-cash
583
522
623
628

Estimated living cost  is $334 per week

$194
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.
$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

Source of data for Marseille model

Close
Vilnius , Lithuania
$807
$812
$861
$832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
255
health
-
-
-
119
social contributions
-
-
-
235
total
-
-
-
609
Employee
367
-
1 700
-
social contributions
51
-
235
-
health
26
-
119
-
income
61
-
284
-
total
138
-
638
-
Employer
367
-
1 700
-
total
-
-
-
-
Corporate
1 333
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%.

67
85
-
-
total
67
85
-
-
Dividends
1 266
1 615
-
-
health
88
113
-
-
social contributions
175
223
-
-
withholding
190
242
-
-
total
453
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
658
663
638
609
After tax
1 042
1 037
1 062
1 091
Living cost
230
230
230
230
Free-cash
812
807
832
861

Estimated living cost  is $230 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$561
$546
$490
$63
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
7
income
-
-
-
422
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
828
Employee
541
432
1 329
-
other
5
4
13
-
health
21
17
49
-
income
62
32
332
-
pensions
55
44
130
-
unemployment
16
13
38
-
total
159
110
562
-
Employer
541
432
1 329
-
accident
7
6
16
-
other
26
20
63
-
chamber of commerce
2
2
5
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
159
-
payroll
16
13
40
-
health
20
16
48
-
total
157
126
371
-
Corporate
1 001
1 142
1 288
-
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.

250
285
322
-
total
250
285
322
-
Dividends
751
856
-
-
withholding
206
236
-
-
total
206
236
-
-
Income
1 700
1 700
1 700
1 700
Total tax
772
757
1 255
828
After tax
928
943
445
872
Living cost
382
382
382
382
Free-cash
546
561
63
490

Estimated living cost  is $382 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$556
$394
$343
$215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
national
-
-
-
611
communal

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

-
-
-
86
social contributions
-
-
-
265
total
-
-
-
962
Employee

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

775
-
1 317
-
communal

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

40
-
69
-
health

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

36
-
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.

58
-
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
238
-
466
-
total
379
-
707
-
Employer

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

775
-
1 317
-
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.

10
-
17
-
unemployment

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

11
-
19
-
surtax
88
-
149
-
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.

69
-
117
-
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.

48
-
81
-
total
226
-
383
-
Corporate
700
1 700
-
-
surtax
3
7
-
-
income
140
340
-
-
total
143
347
-
-
Dividends
557
1 353
-
-
withholding

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

163
402
-
-
total
163
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
911
749
1 090
962
After tax
789
951
610
738
Living cost
395
395
395
395
Free-cash
394
556
215
343

Estimated living cost  is $395 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Brussels model

Close
Barcelona , Spain
$745
$667
$566
$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
accident
-
-
-
9
income
-
-
-
442
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
743
Employee
539
-
1 380
-
other
1
-
1
-
income
114
-
405
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
469
-
Employer
539
-
1 380
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
989
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.

148
255
-
-
total
148
255
-
-
Dividends
841
1 445
-
-
withholding
174
309
-
-
total
174
309
-
-
Income
1 700
1 700
1 700
1 700
Total tax
642
564
789
743
After tax
1 058
1 136
911
957
Living cost
391
391
391
391
Free-cash
667
745
520
566

Estimated living cost  is $391 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$417
$289
$276
$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
accident
-
-
-
14
income
-
-
-
256
pensions
-
-
-
255
health
-
-
-
119
surtax
-
-
-
84
communal
-
-
-
107
total
-
-
-
835
Employee
820
-
1 519
-
health
37
-
68
-
surtax
50
-
93
-
income
79
-
305
-
pensions
66
-
121
-
total
232
-
587
-
Employer
820
-
1 519
-
accident
7
-
14
-
pensions
66
-
121
-
health
25
-
46
-
total
98
-
181
-
Corporate
782
1 700
-
-
surtax
8
18
-
-
communal
53
115
-
-
income
117
255
-
-
total
178
388
-
-
Dividends
603
1 312
-
-
income
223
109
-
-
withholding
91
197
-
-
total
314
306
-
-
Income
1 700
1 700
1 700
1 700
Total tax
822
694
768
835
After tax
878
1 006
932
865
Living cost
589
589
589
589
Free-cash
289
417
343
276

Estimated living cost  is $589 per week

$442
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.
$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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$826
$792
$564
$501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
435
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
64
total
-
-
-
893
Employee
365
-
1 404
-
other
-
-
-
-
health
9
-
36
-
surtax
1
-
54
-
income
61
-
378
-
pensions
24
-
94
-
unemployment
25
-
98
-
total
120
-
660
-
Employer
365
-
1 404
-
other
-
-
-
-
unemployment
12
-
45
-
pensions
49
-
187
-
health
17
-
64
-
total
78
-
296
-
Corporate
1 258
1 700
-
-
income
327
442
-
-
total
327
442
-
-
Dividends
931
1 258
-
-
withholding
140
189
-
-
total
140
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
665
631
956
893
After tax
1 035
1 069
744
807
Living cost
243
243
243
243
Free-cash
792
826
501
564

Estimated living cost  is $243 per week

$147
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$602
$577
$527
$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
regional
-
-
-
26
national
-
-
-
408
social contributions
-
-
-
437
total
-
-
-
881
Employee
601
-
1 700
-
social contributions
203
-
573
-
regional
8
-
23
-
municipal
3
-
9
-
national
95
-
353
-
total
309
-
958
-
Employer
601
-
1 700
-
total
-
-
-
-
Corporate
1 099
1 700
-
-
nationa
264
408
-
-
municipal
55
84
-
-
total
319
492
-
-
Dividends
781
1 208
-
-
withholding
203
314
-
-
total
203
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
831
806
958
881
After tax
869
894
742
819
Living cost
292
292
292
292
Free-cash
577
602
450
527

Estimated living cost  is $292 per week

$181
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.
$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.
$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 Naples model

Close
Prague , Czech Republic
$850
$737
$613
$544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
165
health
-
-
-
229
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
767
Employee
470
-
1 269
-
social contributions
31
-
82
-
health
63
-
171
-
solidarity contribution
-
-
-
-
income
56
-
152
-
total
150
-
405
-
Employer
470
-
1 269
-
social contributions
118
-
317
-
health
42
-
114
-
total
160
-
431
-
Corporate
1 070
1 700
-
-
income
203
323
-
-
total
203
323
-
-
Dividends
867
1 377
-
-
withholding
130
207
-
-
total
130
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
643
530
836
767
After tax
1 057
1 170
864
933
Living cost
320
320
320
320
Free-cash
737
850
544
613

Estimated living cost  is $320 per week

$238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$598
$594
$528
$100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
7
income
-
-
-
422
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
826
Employee
473
432
1 331
-
other
5
4
13
-
health
18
17
49
-
income
42
32
333
-
pensions
48
44
130
-
unemployment
14
13
38
-
total
127
110
563
-
Employer
473
432
1 331
-
accident
6
6
16
-
other
22
20
63
-
chamber of commerce
2
2
5
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
159
-
payroll
14
13
40
-
health
18
16
48
-
total
135
124
369
-
Corporate
1 090
1 144
1 290
-
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.

273
286
322
-
total
273
286
322
-
Dividends
818
858
-
-
withholding
225
236
-
-
total
225
236
-
-
Income
1 700
1 700
1 700
1 700
Total tax
760
756
1 254
826
After tax
940
944
446
874
Living cost
346
346
346
346
Free-cash
594
598
100
528

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$1463
$1434
$1531
$1208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
190
-
1 700
-
income
38
-
340
-
total
38
-
340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 510
1 700
-
-
total
-
-
-
-
Dividends
1 510
1 700
-
-
withholding
76
85
-
-
total
76
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
114
85
340
17
After tax
1 586
1 615
1 360
1 683
Living cost
152
152
152
152
Free-cash
1 434
1 463
1 208
1 531

Estimated living cost  is $152 per week

$103
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.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$879
$789
$550
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 700
income
-
-
-
379
pensions
-
-
-
310
unemployment
-
-
-
3
health
-
-
-
167
total
-
-
-
859
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.

479
-
1 471
-
health
31
-
95
-
income
83
-
350
-
pensions
74
-
228
-
unemployment
1
-
2
-
total
189
-
675
-
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.

479
-
1 471
-
unemployment
-
-
1
-
pensions
42
-
130
-
health
32
-
98
-
total
74
-
229
-
Corporate
1 146
1 700
-
-
income
218
323
-
-
total
218
323
-
-
Dividends
929
1 377
-
-
withholding
139
207
-
-
total
139
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
620
530
904
859
After tax
1 080
1 170
796
841
Living cost
291
291
291
291
Free-cash
789
879
505
550

Estimated living cost  is $291 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Ljubljana model

Close
Oslo , Norway
$566
$51
$707
$1089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
331
social contributions
-
-
-
194
total
-
-
-
525
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
Corporate
84
1 700
-
-
income
18
374
-
-
total
18
374
-
-
Dividends
65
1 326
-
-
income
14
292
-
-
total
14
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 181
666
143
525
After tax
519
1 034
1 557
1 175
Living cost
468
468
468
468
Free-cash
51
566
1 089
707

Estimated living cost  is $468 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$627
$615
$578
$455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
income
-
-
-
191
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
782
Employee
498
-
1 374
-
social contributions
55
-
151
-
surtax
-
-
-
-
income
104
-
428
-
total
159
-
579
-
Employer
498
-
1 374
-
social contributions
118
-
326
-
total
118
-
326
-
Corporate
1 084
1 700
-
-
surtax
-
-
-
-
income
228
357
-
-
total
228
357
-
-
Dividends
856
1 343
-
-
withholding
240
376
-
-
total
240
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
745
733
905
782
After tax
955
967
795
918
Living cost
340
340
340
340
Free-cash
615
627
455
578

Estimated living cost  is $340 per week

$254
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.
$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 Lisbon model

Close
Paris , France
$333
$410
$439
$434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
249
pensions
-
-
-
323
other
-
-
-
53
health
-
-
-
65
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
738
Employee
678
-
1 329
-
social contributions
19
-
38
-
surtax
-
-
-
-
income
59
-
247
-
pensions
77
-
87
-
total
155
-
372
-
Employer
678
-
1 329
-
other
23
-
50
-
social contributions
2
-
4
-
unemployment
27
-
54
-
pensions
111
-
147
-
health
47
-
116
-
total
210
-
371
-
Corporate
810
1 700
-
-
surtax
-
-
-
-
income
227
476
-
-
total
227
476
-
-
Dividends
583
1 224
-
-
surtax
-
-
-
-
social contributions
100
211
-
-
withholding
75
157
-
-
total
175
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
767
844
743
738
After tax
933
856
957
962
Living cost
523
523
523
523
Free-cash
410
333
434
439

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1204
$1167
$933
$978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
67
social contributions
-
-
-
374
total
-
-
-
441
Employee
348
-
1 472
-
income
-
-
72
-
social contributions
23
-
96
-
total
23
-
168
-
Employer
348
-
1 472
-
social contributions
54
-
228
-
total
54
-
228
-
Corporate
1 298
1 700
-
-
income
130
170
-
-
total
130
170
-
-
Dividends
1 168
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
207
170
396
441
After tax
1 493
1 530
1 304
1 259
Living cost
326
326
326
326
Free-cash
1 167
1 204
978
933

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$661
-$661
$493
-$661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
348
pensions
-
-
-
9
national
-
-
-
193
labour market
-
-
-
135
total
-
-
-
685
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 839
1 839
1 839
685
After tax
-139
-139
-139
1 015
Living cost
522
522
522
522
Free-cash
-661
-661
-661
493

Estimated living cost  is $522 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$95
$103
$930
$684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
462
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
537
Employee
367
-
1 519
-
health
42
-
174
-
income
50
-
346
-
pensions
41
-
82
-
total
133
-
602
-
Employer
367
-
1 519
-
accident
6
-
25
-
unemployment
9
-
37
-
pensions
60
-
119
-
total
75
-
181
-
Corporate
1 258
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.

1 132
1 530
-
-
total
1 132
1 530
-
-
Dividends
126
170
-
-
withholding
24
32
-
-
total
24
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 364
1 562
783
537
After tax
336
138
917
1 163
Living cost
233
233
233
233
Free-cash
103
-95
684
930

Estimated living cost  is $233 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$662
$685
$710
$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

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

-
-
-
1 700
municipal
-
-
-
302
health
-
-
-
22
national
-
-
-
250
total
-
-
-
574
Employee
570
-
1 430
-
health
4
-
18
-
municipal
93
-
233
-
pensions
38
-
97
-
unemployment
9
-
21
-
national
9
-
157
-
total
153
-
526
-
Employer
570
-
1 430
-
accident
1
-
1
-
unemployment
4
-
9
-
pensions
99
-
248
-
health
4
-
11
-
total
108
-
269
-
Corporate
1 023
1 700
-
-
income
205
340
-
-
total
205
340
-
-
Dividends

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

614
1 020
-
-
national
23
98
-
-
municipal
110
184
-
-
total
133
282
-
-
Income
1 700
1 700
1 700
1 700
Total tax
599
622
795
574
After tax
1 101
1 078
905
1 126
Living cost
416
416
416
416
Free-cash
685
662
489
710

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$991
$932
$922
$906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
309
health
-
-
-
43
social contributions
-
-
-
175
total
-
-
-
527
Employee
833
833
1 578
-
social contributions
31
69
93
-
health
6
14
27
-
income
91
77
301
-
total
128
160
421
-
Employer
833
833
1 578
-
social contributions
31
69
93
-
health
7
15
29
-
total
38
84
122
-
Corporate
1 282
783
-
-
income
160
98
-
-
total
160
98
-
-
Dividends
1 122
685
-
-
withholding
191
116
-
-
total
191
116
-
-
Income
1 700
1 700
1 700
1 700
Total tax
517
458
543
527
After tax
1 183
1 242
1 157
1 173
Living cost
251
251
251
251
Free-cash
932
991
906
922

Estimated living cost  is $251 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1236
$1181
$1249
$1032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 700
income
-
-
-
171
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
279
Employee

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

249
-
1 594
-
health
21
-
87
-
income
17
-
144
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
390
-
Employer

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

249
-
1 594
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 426
1 700
-
-
income
128
153
-
-
total
128
153
-
-
Dividends
1 297
1 547
-
-
withholding
117
139
-
-
total
117
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
347
292
496
279
After tax
1 353
1 408
1 204
1 421
Living cost
172
172
172
172
Free-cash
1 181
1 236
1 032
1 249

Estimated living cost  is $172 per week

$110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$838
$789
$659
$613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
9
income
-
-
-
442
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
743
Employee
400
-
1 380
-
other
-
-
1
-
income
77
-
405
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
469
-
Employer
400
-
1 380
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 172
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.

176
255
-
-
total
176
255
-
-
Dividends
996
1 445
-
-
withholding
207
309
-
-
total
207
309
-
-
Income
1 700
1 700
1 700
1 700
Total tax
613
564
789
743
After tax
1 087
1 136
911
957
Living cost
298
298
298
298
Free-cash
789
838
613
659

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1031
$1026
$1057
$1056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
575
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
613
Employee
45
-
1 676
-
health
2
-
5
-
income
9
-
574
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
590
-
Employer
45
-
1 676
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 645
1 700
-
-
income
362
374
-
-
total
362
374
-
-
Dividends
1 283
1 326
-
-
withholding
257
265
-
-
total
257
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
644
639
614
613
After tax
1 056
1 061
1 086
1 087
Living cost
30
30
30
30
Free-cash
1 026
1 031
1 056
1 057

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1041
$987
$831
$831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 700
income
-
-
-
380
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
682
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.

282
-
1 557
-
health
15
-
41
-
income
39
-
380
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
539
-
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.

282
-
1 557
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 367
1 700
-
-
income
205
255
-
-
total
205
255
-
-
Dividends
1 162
1 445
-
-
withholding
174
217
-
-
total
174
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
526
472
682
682
After tax
1 174
1 228
1 018
1 018
Living cost
187
187
187
187
Free-cash
987
1 041
831
831

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$675
$671
$626
$503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
income
-
-
-
191
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
782
Employee
420
-
1 374
-
social contributions
46
-
151
-
surtax
-
-
-
-
income
82
-
428
-
total
128
-
579
-
Employer
420
-
1 374
-
social contributions
100
-
326
-
total
100
-
326
-
Corporate
1 180
1 700
-
-
surtax
-
-
-
-
income
248
357
-
-
total
248
357
-
-
Dividends
932
1 343
-
-
withholding
261
376
-
-
total
261
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
905
782
After tax
963
967
795
918
Living cost
292
292
292
292
Free-cash
671
675
503
626

Estimated living cost  is $292 per week

$207
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.
$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.
$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 Porto model

Close
Madrid , Spain
$755
$680
$576
$530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
9
income
-
-
-
442
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
743
Employee
523
-
1 380
-
other
1
-
1
-
income
109
-
405
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
469
-
Employer
523
-
1 380
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
237
-
total
166
-
320
-
Corporate
1 010
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.

152
255
-
-
total
152
255
-
-
Dividends
859
1 445
-
-
withholding
178
309
-
-
total
178
309
-
-
Income
1 700
1 700
1 700
1 700
Total tax
639
564
789
743
After tax
1 061
1 136
911
957
Living cost
381
381
381
381
Free-cash
680
755
530
576

Estimated living cost  is $381 per week

$273
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.
$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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1267
$1202
$1157
$1223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
357
Employee
247
-
1 626
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
163
-
pensions

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

22
-
33
-
total
61
-
217
-
Employer
247
-
1 626
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 405
1 700
-
-
income
140
170
-
-
total
140
170
-
-
Dividends
1 264
1 530
-
-
withholding
63
77
-
-
total
63
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
312
247
291
357
After tax
1 388
1 453
1 409
1 343
Living cost
186
186
186
186
Free-cash
1 202
1 267
1 223
1 157

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$457
$599
$506
$678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
172
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.

-
-
-
502
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.

-
-
-
74
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.

-
-
-
28
total
-
-
-
776
Employee

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

539
-
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.

74
-
74
-
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.

2
-
28
-
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.

44
-
502
-
total
120
-
604
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 161
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.

10
14
-
-
income
174
255
-
-
trade
167
244
-
-
chamber of commerce
3
4
-
-
total
354
517
-
-
Dividends
807
1 183
-
-
surtax

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

11
16
-
-
withholding
198
292
-
-
total
209
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
683
825
604
776
After tax
1 017
875
1 096
924
Living cost
418
418
418
418
Free-cash
599
457
678
506

Estimated living cost  is $418 per week

$288
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.
$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

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
$573
$597
$303
$303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
501
social contributions
-
-
-
279
total
-
-
-
780
Employee
847
-
1 700
-
income
160
-
501
-
social contributions
70
-
279
-
total
230
-
780
-
Employer
847
-
1 700
-
total
-
-
-
-
Corporate
853
1 700
-
-
income
107
212
-
-
total
107
212
-
-
Dividends
746
1 488
-
-
withholding
149
298
-
-
total
149
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
486
510
780
780
After tax
1 214
1 190
920
920
Living cost
617
617
617
617
Free-cash
597
573
303
303

Estimated living cost  is $617 per week

$469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$655
$692
$927
$828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
308
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
-
-
-
380
Employee
497
-
1 650
-
income
54
-
379
-
social contributions
50
-
50
-
total
104
-
429
-
Employer
497
-
1 650
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 153
1 700
-
-
income
404
595
-
-
total
404
595
-
-
Dividends
750
1 105
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 700
1 700
1 700
1 700
Total tax
615
652
479
380
After tax
1 085
1 048
1 221
1 320
Living cost
393
393
393
393
Free-cash
692
655
828
927

Estimated living cost  is $393 per week

$259
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$732
$796
$739
$584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
463
pensions
-
-
-
94
total
-
-
-
557
Employee
554
-
1 487
-
health
7
-
22
-
income
101
-
360
-
pensions
42
-
117
-
total
150
-
499
-
Employer
554
-
1 487
-
pensions
56
-
185
-
health
11
-
28
-
total
67
-
213
-
Corporate
1 079
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.

205
323
-
-
total
205
323
-
-
Dividends
874
1 377
-
-
withholding
78
241
-
-
total
78
241
-
-
Income
1 700
1 700
1 700
1 700
Total tax
500
564
712
557
After tax
1 200
1 136
988
1 143
Living cost
404
404
404
404
Free-cash
796
732
584
739

Estimated living cost  is $404 per week

$277
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.
$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.
$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

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
-$118
$99
$907
$661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
3
income
-
-
-
462
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
537
Employee
403
-
1 519
-
health
46
-
174
-
income
55
-
346
-
pensions
45
-
82
-
total
146
-
602
-
Employer
403
-
1 519
-
accident
7
-
25
-
unemployment
10
-
37
-
pensions
66
-
119
-
total
83
-
181
-
Corporate
1 214
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.

1 093
1 530
-
-
total
1 093
1 530
-
-
Dividends
121
170
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 345
1 562
783
537
After tax
355
138
917
1 163
Living cost
256
256
256
256
Free-cash
99
-118
661
907

Estimated living cost  is $256 per week

$188
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1285
$1234
$810
$1040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
8
health insurance
-
-
-
126
income
-
-
-
277
pensions
-
-
-
313
unemployment
-
-
-
20
total
-
-
-
744
Employee

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

234
-
1 700
-
work injury
1
-
4
-
income
23
-
277
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
514
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 466
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%.

15
17
-
-
total
15
17
-
-
Dividends
1 451
1 683
-
-
withholding
218
252
-
-
total
218
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
320
269
514
744
After tax
1 380
1 431
1 186
956
Living cost
146
146
146
146
Free-cash
1 234
1 285
1 040
810

Estimated living cost  is $146 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.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$463
$414
$373
$298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
11
regional
-
-
-
39
national
-
-
-
408
social contributions
-
-
-
437
total
-
-
-
895
Employee
913
-
1 700
-
social contributions
308
-
573
-
regional
14
-
34
-
municipal
5
-
10
-
national
154
-
353
-
total
481
-
970
-
Employer
913
-
1 700
-
total
-
-
-
-
Corporate
787
1 700
-
-
nationa
189
408
-
-
municipal
38
82
-
-
total
227
490
-
-
Dividends
560
1 210
-
-
withholding
146
315
-
-
total
146
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
854
805
970
895
After tax
846
895
730
805
Living cost
432
432
432
432
Free-cash
414
463
298
373

Estimated living cost  is $432 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Rome model

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Estimated living cost

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