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
$ 1800
per

Your estimated
City
free-cash

Dresden , Germany
$580
$699
$620
$824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
204
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.

-
-
-
544
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.

-
-
-
30
total
-
-
-
852
Employee

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

414
-
1 800
-
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
-
30
-
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
-
544
-
total
87
-
648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 386
1 800
-
-
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
15
-
-
income
208
270
-
-
trade
218
283
-
-
chamber of commerce
4
4
-
-
total
441
572
-
-
Dividends
945
1 227
-
-
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.

13
17
-
-
withholding
232
303
-
-
total
245
320
-
-
Income
1 800
1 800
1 800
1 800
Total tax
773
892
648
852
After tax
1 027
908
1 152
948
Living cost
328
328
328
328
Free-cash
699
580
824
620

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
$576
$567
$518
$532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
196
pensions
-
-
-
216
national
-
-
-
304
social contributions
-
-
-
19
total
-
-
-
735
Employee
848
-
1 556
-
municipal
105
-
203
-
pensions
34
-
62
-
national
162
-
315
-
total
301
-
580
-
Employer
848
-
1 556
-
social contributions
9
-
17
-
pensions
68
-
124
-
total
77
-
141
-
Corporate
819
1 800
-
-
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%.

164
360
-
-
total
164
360
-
-
Dividends
655
1 440
-
-
withholding
144
317
-
-
total
144
317
-
-
Income
1 800
1 800
1 800
1 800
Total tax
686
677
721
735
After tax
1 114
1 123
1 079
1 065
Living cost
547
547
547
547
Free-cash
567
576
532
518

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
$1215
$1127
$387
$515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
microenterprise
-
-
-
-
income
-
-
-
314
surtax
-
-
-
459
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
-
-
-
1 188
Employee
316
-
1 341
-
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
-
142
-
surtax
-
-
195
-
income
56
-
264
-
total
91
-
601
-
Employer
316
-
1 341
-
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
-
311
-
surtax
-
-
148
-
total
76
-
459
-
Corporate
1 407
1 800
-
-
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%.

281
360
-
-
total
281
360
-
-
Dividends

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

1 126
1 440
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
448
360
1 060
1 188
After tax
1 352
1 440
740
612
Living cost
225
225
225
225
Free-cash
1 127
1 215
515
387

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
$436
$371
$547
$659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
538
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
799
Employee
925
925
1 599
-
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
225
-
pensions
166
127
127
-
total
459
399
486
-
Employer
925
925
1 599
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
724
713
-
-
income
145
143
-
-
total
145
143
-
-
Dividends
580
570
-
-
income
123
121
-
-
withholding
87
86
-
-
total
210
207
-
-
Income
1 800
1 800
1 800
1 800
Total tax
975
910
687
799
After tax
825
890
1 113
1 001
Living cost
454
454
454
454
Free-cash
371
436
659
547

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
$565
$555
$508
$499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
458
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
150
total
-
-
-
874
Employee
596
-
1 512
-
municipal
178
-
451
-
national
-
-
144
-
total
178
-
595
-
Employer
596
-
1 512
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
1 016
1 800
-
-
income
224
396
-
-
total
224
396
-
-
Dividends
793
1 404
-
-
withholding
238
421
-
-
total
238
421
-
-
Income
1 800
1 800
1 800
1 800
Total tax
827
817
883
874
After tax
973
983
917
926
Living cost
418
418
418
418
Free-cash
555
565
499
508

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
$474
$626
$514
$727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
213
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.

-
-
-
544
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.

-
-
-
30
total
-
-
-
861
Employee

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

549
-
1 800
-
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
-
30
-
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
-
544
-
total
124
-
648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 251
1 800
-
-
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
15
-
-
income
188
270
-
-
trade
206
296
-
-
chamber of commerce
3
4
-
-
total
407
585
-
-
Dividends
844
1 215
-
-
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
207
300
-
-
total
218
316
-
-
Income
1 800
1 800
1 800
1 800
Total tax
749
901
648
861
After tax
1 051
899
1 152
939
Living cost
425
425
425
425
Free-cash
626
474
727
514

Estimated living cost  is $425 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
$964
$919
$885
$870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
343
health
-
-
-
46
social contributions
-
-
-
175
total
-
-
-
564
Employee
833
833
1 676
-
social contributions
40
69
93
-
health
8
14
28
-
income
87
77
334
-
total
135
160
455
-
Employer
833
833
1 676
-
social contributions
40
69
93
-
health
9
15
31
-
total
49
84
124
-
Corporate
1 263
883
-
-
income
158
110
-
-
total
158
110
-
-
Dividends
1 105
772
-
-
withholding
188
131
-
-
total
188
131
-
-
Income
1 800
1 800
1 800
1 800
Total tax
530
485
579
564
After tax
1 270
1 315
1 221
1 236
Living cost
351
351
351
351
Free-cash
919
964
870
885

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
$814
$819
$1050
$846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
220
pensions
-
-
-
180
unemployment
-
-
-
27
health
-
-
-
126
total
-
-
-
553
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
1 506
-
health
20
8
105
-
income
35
14
184
-
pensions
28
11
151
-
unemployment
4
2
23
-
total
87
35
463
-
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
1 506
-
pensions
55
22
294
-
total
55
22
294
-
Corporate
1 461
1 665
-
-
income
131
150
-
-
total
131
150
-
-
Dividends
1 329
1 515
-
-
social contributions
258
294
-
-
withholding
253
288
-
-
total
511
582
-
-
Income
1 800
1 800
1 800
1 800
Total tax
784
789
757
553
After tax
1 016
1 011
1 043
1 247
Living cost
197
197
197
197
Free-cash
819
814
846
1 050

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
$1178
$1111
$703
$775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
241
pensions
-
-
-
360
health
-
-
-
234
total
-
-
-
835
Employee
307
-
1 345
-
income
35
-
259
-
pensions
6
-
27
-
unemployment
5
-
22
-
total
46
-
308
-
Employer
307
-
1 345
-
unemployment
2
-
11
-
pensions
61
-
269
-
health
40
-
175
-
total
103
-
455
-
Corporate
1 389
1 800
-
-
income
278
360
-
-
total
278
360
-
-
Dividends
1 111
1 440
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
427
360
763
835
After tax
1 373
1 440
1 037
965
Living cost
262
262
262
262
Free-cash
1 111
1 178
775
703

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
-$91
$109
$994
$737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
3
income
-
-
-
494
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
569
Employee
373
-
1 615
-
health
43
-
185
-
income
51
-
373
-
pensions
42
-
82
-
total
136
-
640
-
Employer
373
-
1 615
-
accident
6
-
27
-
unemployment
9
-
40
-
pensions
61
-
119
-
total
76
-
186
-
Corporate
1 351
1 800
-
-
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.

1 216
1 620
-
-
total
1 216
1 620
-
-
Dividends
135
180
-
-
withholding
26
34
-
-
total
26
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 454
1 654
826
569
After tax
346
146
974
1 231
Living cost
237
237
237
237
Free-cash
109
-91
737
994

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
$1613
$1595
$1685
$1343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 800
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
18
total
-
-
-
18
Employee
122
-
1 800
-
income
24
-
360
-
total
24
-
360
-
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%.

1 678
1 800
-
-
total
-
-
-
-
Dividends
1 678
1 800
-
-
withholding
84
90
-
-
total
84
90
-
-
Income
1 800
1 800
1 800
1 800
Total tax
108
90
360
18
After tax
1 692
1 710
1 440
1 782
Living cost
97
97
97
97
Free-cash
1 595
1 613
1 343
1 685

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
$1033
$958
$698
$734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
268
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
-
-
-
813
Employee
393
-
1 438
-
health
6
-
20
-
income
68
-
280
-
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
-
101
-
unemployment
4
-
14
-
total
106
-
415
-
Employer
393
-
1 438
-
accident
3
-
12
-
other
20
-
72
-
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
-
244
-
health
6
-
20
-
total
100
-
362
-
Corporate
1 308
1 800
-
-
income
275
378
-
-
total
275
378
-
-
Dividends
1 033
1 422
-
-
withholding
72
100
-
-
total
72
100
-
-
Income
1 800
1 800
1 800
1 800
Total tax
553
478
777
813
After tax
1 247
1 322
1 023
987
Living cost
289
289
289
289
Free-cash
958
1 033
734
698

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
$464
$473
$476
$312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
502
pensions
-
-
-
95
total
-
-
-
597
Employee
1 028
-
1 573
-
health
17
-
23
-
income
185
-
393
-
pensions
99
-
118
-
total
301
-
534
-
Employer
1 028
-
1 573
-
pensions
121
-
197
-
health
20
-
30
-
total
141
-
227
-
Corporate
631
1 800
-
-
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.

120
342
-
-
total
120
342
-
-
Dividends
511
1 458
-
-
withholding
38
267
-
-
total
38
267
-
-
Income
1 800
1 800
1 800
1 800
Total tax
600
609
761
597
After tax
1 200
1 191
1 039
1 203
Living cost
727
727
727
727
Free-cash
473
464
312
476

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
$1397
$1346
$1286
$1357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
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
-
-
-
372
Employee
188
-
1 726
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
173
-
pensions

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

17
-
33
-
total
47
-
227
-
Employer
188
-
1 726
-
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
1 575
1 800
-
-
income
157
180
-
-
total
157
180
-
-
Dividends
1 417
1 620
-
-
withholding
71
81
-
-
total
71
81
-
-
Income
1 800
1 800
1 800
1 800
Total tax
312
261
301
372
After tax
1 488
1 539
1 499
1 428
Living cost
142
142
142
142
Free-cash
1 346
1 397
1 357
1 286

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
$289
$317
$400
$512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
538
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
799
Employee
1 004
925
1 599
-
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
225
-
pensions
127
127
127
-
total
403
399
486
-
Employer
1 004
925
1 599
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
620
713
-
-
income
124
143
-
-
total
124
143
-
-
Dividends
496
570
-
-
income
105
121
-
-
withholding
74
86
-
-
total
179
207
-
-
Income
1 800
1 800
1 800
1 800
Total tax
882
910
687
799
After tax
918
890
1 113
1 001
Living cost
601
601
601
601
Free-cash
317
289
512
400

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
$980
$888
$747
$669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
178
health
-
-
-
243
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
794
Employee
381
-
1 358
-
social contributions
25
-
83
-
health
51
-
183
-
solidarity contribution
-
-
-
-
income
46
-
164
-
total
122
-
430
-
Employer
381
-
1 358
-
social contributions
95
-
320
-
health
34
-
122
-
total
129
-
442
-
Corporate
1 289
1 800
-
-
income
245
342
-
-
total
245
342
-
-
Dividends
1 044
1 458
-
-
withholding
157
219
-
-
total
157
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
653
561
872
794
After tax
1 147
1 239
928
1 006
Living cost
259
259
259
259
Free-cash
888
980
669
747

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
$504
$446
$409
$327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
11
regional
-
-
-
21
national
-
-
-
439
social contributions
-
-
-
463
total
-
-
-
934
Employee
963
-
1 800
-
social contributions
325
-
607
-
regional
9
-
19
-
municipal
5
-
10
-
national
167
-
380
-
total
506
-
1 016
-
Employer
963
-
1 800
-
total
-
-
-
-
Corporate
837
1 800
-
-
nationa
201
432
-
-
municipal
33
70
-
-
total
234
502
-
-
Dividends
604
1 298
-
-
withholding
157
337
-
-
total
157
337
-
-
Income
1 800
1 800
1 800
1 800
Total tax
897
839
1 016
934
After tax
903
961
784
866
Living cost
457
457
457
457
Free-cash
446
504
327
409

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
$893
$860
$614
$546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
481
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
72
total
-
-
-
947
Employee
358
-
1 496
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
60
-
income
60
-
416
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
119
-
710
-
Employer
358
-
1 496
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
193
-
health
16
-
66
-
total
75
-
305
-
Corporate
1 366
1 800
-
-
income
355
468
-
-
total
355
468
-
-
Dividends
1 011
1 332
-
-
withholding
152
200
-
-
total
152
200
-
-
Income
1 800
1 800
1 800
1 800
Total tax
701
668
1 015
947
After tax
1 099
1 132
785
853
Living cost
239
239
239
239
Free-cash
860
893
546
614

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
$694
$766
$706
$542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
502
pensions
-
-
-
95
total
-
-
-
597
Employee
689
-
1 573
-
health
10
-
23
-
income
124
-
393
-
pensions
58
-
118
-
total
192
-
534
-
Employer
689
-
1 573
-
pensions
75
-
197
-
health
13
-
30
-
total
88
-
227
-
Corporate
1 023
1 800
-
-
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.

194
342
-
-
total
194
342
-
-
Dividends
829
1 458
-
-
withholding
63
267
-
-
total
63
267
-
-
Income
1 800
1 800
1 800
1 800
Total tax
537
609
761
597
After tax
1 263
1 191
1 039
1 203
Living cost
497
497
497
497
Free-cash
766
694
542
706

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
$4
$356
$642
$558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
city
-
-
-
19
pensions
-
-
-
166
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.

-
-
-
36
regional
-
-
-
87
health
-
-
-
4
national
-
-
-
27
total
-
-
-
339
Employee
958
-
1 611
-
city
10
-
17
-
regional
31
-
75
-
health
2
-
4
-
pensions
80
-
135
-
unemployment
-
-
-
-
national
5
-
21
-
total
128
-
252
-
Employer
958
-
1 611
-
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
-
32
-
unemployment
-
-
-
-
pensions
80
-
135
-
health
2
-
4
-
total
101
-
171
-
Corporate
730
1 800
-
-
regional
154
381
-
-
national
62
153
-
-
total
216
534
-
-
Dividends
513
1 266
-
-
withholding
180
443
-
-
total
180
443
-
-
Income
1 800
1 800
1 800
1 800
Total tax
625
977
423
339
After tax
1 175
823
1 377
1 461
Living cost
819
819
819
819
Free-cash
356
4
558
642

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
$394
$570
$434
$656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
222
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.

-
-
-
544
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.

-
-
-
30
total
-
-
-
870
Employee

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

651
-
1 800
-
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
-
30
-
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
-
544
-
total
155
-
648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 149
1 800
-
-
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
-
-
income
172
270
-
-
trade
197
309
-
-
chamber of commerce
3
4
-
-
total
381
598
-
-
Dividends
767
1 202
-
-
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
188
296
-
-
total
198
312
-
-
Income
1 800
1 800
1 800
1 800
Total tax
734
910
648
870
After tax
1 066
890
1 152
930
Living cost
496
496
496
496
Free-cash
570
394
656
434

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
$536
$601
$645
$630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
273
pensions
-
-
-
331
other
-
-
-
56
health
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
784
Employee
464
-
1 401
-
social contributions
13
-
40
-
surtax
-
-
-
-
income
27
-
266
-
pensions
52
-
94
-
total
92
-
400
-
Employer
464
-
1 401
-
other
16
-
53
-
social contributions
1
-
4
-
unemployment
19
-
57
-
pensions
76
-
159
-
health
32
-
126
-
total
144
-
399
-
Corporate
1 192
1 800
-
-
surtax
-
-
-
-
income
334
504
-
-
total
334
504
-
-
Dividends
858
1 296
-
-
surtax
-
-
-
-
social contributions
148
223
-
-
withholding
110
166
-
-
total
258
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
828
893
799
784
After tax
972
907
1 001
1 016
Living cost
371
371
371
371
Free-cash
601
536
630
645

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
$573
$633
$682
$667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
273
pensions
-
-
-
331
other
-
-
-
56
health
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
784
Employee
414
-
1 401
-
social contributions
12
-
40
-
surtax
-
-
-
-
income
21
-
266
-
pensions
47
-
94
-
total
80
-
400
-
Employer
414
-
1 401
-
other
14
-
53
-
social contributions
1
-
4
-
unemployment
17
-
57
-
pensions
68
-
159
-
health
29
-
126
-
total
129
-
399
-
Corporate
1 257
1 800
-
-
surtax
-
-
-
-
income
352
504
-
-
total
352
504
-
-
Dividends
905
1 296
-
-
surtax
-
-
-
-
social contributions
156
223
-
-
withholding
116
166
-
-
total
272
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
833
893
799
784
After tax
967
907
1 001
1 016
Living cost
334
334
334
334
Free-cash
633
573
667
682

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
$869
$873
$926
$892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
health
-
-
-
126
social contributions
-
-
-
248
total
-
-
-
644
Employee
367
-
1 800
-
social contributions
51
-
248
-
health
26
-
126
-
income
61
-
304
-
total
138
-
678
-
Employer
367
-
1 800
-
total
-
-
-
-
Corporate
1 433
1 800
-
-
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%.

72
90
-
-
total
72
90
-
-
Dividends
1 361
1 710
-
-
health
95
119
-
-
social contributions
188
236
-
-
withholding
204
256
-
-
total
487
611
-
-
Income
1 800
1 800
1 800
1 800
Total tax
697
701
678
644
After tax
1 103
1 099
1 122
1 156
Living cost
230
230
230
230
Free-cash
873
869
892
926

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
$615
$600
$542
$93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
chamber of commerce
-
-
-
7
income
-
-
-
470
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
876
Employee
541
432
1 422
-
other
5
4
13
-
health
21
17
49
-
income
62
32
372
-
pensions
55
44
130
-
unemployment
16
13
38
-
total
159
110
602
-
Employer
541
432
1 422
-
accident
7
6
16
-
other
26
20
66
-
chamber of commerce
2
2
6
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
159
-
payroll
16
13
43
-
health
20
16
48
-
total
157
126
378
-
Corporate
1 101
1 242
1 381
-
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.

275
311
345
-
total
275
311
345
-
Dividends
826
932
-
-
withholding
227
256
-
-
total
227
256
-
-
Income
1 800
1 800
1 800
1 800
Total tax
818
803
1 325
876
After tax
982
997
475
924
Living cost
382
382
382
382
Free-cash
600
615
93
542

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
$612
$450
$385
$244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
national
-
-
-
658
communal

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

-
-
-
92
social contributions
-
-
-
270
total
-
-
-
1 020
Employee

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

775
-
1 394
-
communal

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

40
-
73
-
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
-
66
-
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
-
105
-
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
-
12
-
national
238
-
499
-
total
379
-
755
-
Employer

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

775
-
1 394
-
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
-
18
-
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
-
20
-
surtax
88
-
158
-
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
-
124
-
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
-
86
-
total
226
-
406
-
Corporate
800
1 800
-
-
surtax
3
7
-
-
income
160
360
-
-
total
163
367
-
-
Dividends
637
1 433
-
-
withholding

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

187
426
-
-
total
187
426
-
-
Income
1 800
1 800
1 800
1 800
Total tax
955
793
1 161
1 020
After tax
845
1 007
639
780
Living cost
395
395
395
395
Free-cash
450
612
244
385

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
$810
$734
$621
$575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
9
income
-
-
-
487
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
788
Employee
539
-
1 480
-
other
1
-
1
-
income
114
-
450
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
514
-
Employer
539
-
1 480
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
1 089
1 800
-
-
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.

163
270
-
-
total
163
270
-
-
Dividends
926
1 530
-
-
withholding
192
329
-
-
total
192
329
-
-
Income
1 800
1 800
1 800
1 800
Total tax
675
599
834
788
After tax
1 125
1 201
966
1 012
Living cost
391
391
391
391
Free-cash
734
810
575
621

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
$471
$337
$313
$384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
15
income
-
-
-
284
pensions
-
-
-
270
health
-
-
-
126
surtax
-
-
-
89
communal
-
-
-
114
total
-
-
-
898
Employee
820
-
1 608
-
health
37
-
72
-
surtax
50
-
99
-
income
79
-
335
-
pensions
66
-
129
-
total
232
-
635
-
Employer
820
-
1 608
-
accident
7
-
14
-
pensions
66
-
129
-
health
25
-
49
-
total
98
-
192
-
Corporate
882
1 800
-
-
surtax
9
19
-
-
communal
60
121
-
-
income
132
270
-
-
total
201
410
-
-
Dividends
681
1 390
-
-
income
241
122
-
-
withholding
102
208
-
-
total
343
330
-
-
Income
1 800
1 800
1 800
1 800
Total tax
874
740
827
898
After tax
926
1 060
973
902
Living cost
589
589
589
589
Free-cash
337
471
384
313

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
$889
$855
$610
$542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
481
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
72
total
-
-
-
947
Employee
365
-
1 496
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
60
-
income
61
-
416
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
120
-
710
-
Employer
365
-
1 496
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
49
-
193
-
health
17
-
66
-
total
78
-
305
-
Corporate
1 358
1 800
-
-
income
353
468
-
-
total
353
468
-
-
Dividends
1 005
1 332
-
-
withholding
151
200
-
-
total
151
200
-
-
Income
1 800
1 800
1 800
1 800
Total tax
702
668
1 015
947
After tax
1 098
1 132
785
853
Living cost
243
243
243
243
Free-cash
855
889
542
610

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
$655
$630
$568
$487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
11
regional
-
-
-
27
national
-
-
-
439
social contributions
-
-
-
463
total
-
-
-
940
Employee
601
-
1 800
-
social contributions
203
-
607
-
regional
8
-
24
-
municipal
3
-
10
-
national
95
-
380
-
total
309
-
1 021
-
Employer
601
-
1 800
-
total
-
-
-
-
Corporate
1 199
1 800
-
-
nationa
288
432
-
-
municipal
60
89
-
-
total
348
521
-
-
Dividends
852
1 279
-
-
withholding
221
332
-
-
total
221
332
-
-
Income
1 800
1 800
1 800
1 800
Total tax
878
853
1 021
940
After tax
922
947
779
860
Living cost
292
292
292
292
Free-cash
630
655
487
568

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
$919
$806
$686
$608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
178
health
-
-
-
243
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
794
Employee
470
-
1 358
-
social contributions
31
-
83
-
health
63
-
183
-
solidarity contribution
-
-
-
-
income
56
-
164
-
total
150
-
430
-
Employer
470
-
1 358
-
social contributions
118
-
320
-
health
42
-
122
-
total
160
-
442
-
Corporate
1 170
1 800
-
-
income
222
342
-
-
total
222
342
-
-
Dividends
948
1 458
-
-
withholding
142
219
-
-
total
142
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
674
561
872
794
After tax
1 126
1 239
928
1 006
Living cost
320
320
320
320
Free-cash
806
919
608
686

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
$652
$649
$580
$130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
chamber of commerce
-
-
-
7
income
-
-
-
470
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
874
Employee
473
432
1 424
-
other
5
4
13
-
health
18
17
49
-
income
42
32
372
-
pensions
48
44
130
-
unemployment
14
13
38
-
total
127
110
602
-
Employer
473
432
1 424
-
accident
6
6
16
-
other
22
20
66
-
chamber of commerce
2
2
6
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
159
-
payroll
14
13
43
-
health
18
16
48
-
total
135
124
376
-
Corporate
1 190
1 244
1 383
-
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.

298
311
346
-
total
298
311
346
-
Dividends
893
933
-
-
withholding
245
257
-
-
total
245
257
-
-
Income
1 800
1 800
1 800
1 800
Total tax
805
802
1 324
874
After tax
995
998
476
926
Living cost
346
346
346
346
Free-cash
649
652
130
580

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
$1558
$1529
$1630
$1288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 800
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
18
total
-
-
-
18
Employee
190
-
1 800
-
income
38
-
360
-
total
38
-
360
-
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%.

1 610
1 800
-
-
total
-
-
-
-
Dividends
1 610
1 800
-
-
withholding
81
90
-
-
total
81
90
-
-
Income
1 800
1 800
1 800
1 800
Total tax
119
90
360
18
After tax
1 681
1 710
1 440
1 782
Living cost
152
152
152
152
Free-cash
1 529
1 558
1 288
1 630

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
$948
$858
$593
$546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
407
pensions
-
-
-
329
unemployment
-
-
-
3
health
-
-
-
177
total
-
-
-
916
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
-
1 558
-
health
31
-
101
-
income
83
-
376
-
pensions
74
-
241
-
unemployment
1
-
2
-
total
189
-
720
-
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
-
1 558
-
unemployment
-
-
1
-
pensions
42
-
138
-
health
32
-
104
-
total
74
-
243
-
Corporate
1 246
1 800
-
-
income
237
342
-
-
total
237
342
-
-
Dividends
1 010
1 458
-
-
withholding
151
219
-
-
total
151
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
651
561
963
916
After tax
1 149
1 239
837
884
Living cost
291
291
291
291
Free-cash
858
948
546
593

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
$627
$111
$776
$1189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
351
social contributions
-
-
-
205
total
-
-
-
556
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
184
1 800
-
-
income
41
396
-
-
total
41
396
-
-
Dividends
144
1 404
-
-
income
32
309
-
-
total
32
309
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 221
705
143
556
After tax
579
1 095
1 657
1 244
Living cost
468
468
468
468
Free-cash
111
627
1 189
776

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
$684
$672
$629
$495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
206
surtax
-
-
-
-
social contributions

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

-
-
-
625
total
-
-
-
831
Employee
498
-
1 455
-
social contributions
55
-
160
-
surtax
-
-
-
-
income
104
-
460
-
total
159
-
620
-
Employer
498
-
1 455
-
social contributions
118
-
345
-
total
118
-
345
-
Corporate
1 184
1 800
-
-
surtax
-
-
-
-
income
249
378
-
-
total
249
378
-
-
Dividends
935
1 422
-
-
withholding
262
398
-
-
total
262
398
-
-
Income
1 800
1 800
1 800
1 800
Total tax
788
776
965
831
After tax
1 012
1 024
835
969
Living cost
340
340
340
340
Free-cash
672
684
495
629

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
$384
$460
$493
$478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
273
pensions
-
-
-
331
other
-
-
-
56
health
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
784
Employee
678
-
1 401
-
social contributions
19
-
40
-
surtax
-
-
-
-
income
59
-
266
-
pensions
77
-
94
-
total
155
-
400
-
Employer
678
-
1 401
-
other
23
-
53
-
social contributions
2
-
4
-
unemployment
27
-
57
-
pensions
111
-
159
-
health
47
-
126
-
total
210
-
399
-
Corporate
910
1 800
-
-
surtax
-
-
-
-
income
255
504
-
-
total
255
504
-
-
Dividends
655
1 296
-
-
surtax
-
-
-
-
social contributions
113
223
-
-
withholding
84
166
-
-
total
197
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
817
893
799
784
After tax
983
907
1 001
1 016
Living cost
523
523
523
523
Free-cash
460
384
478
493

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
$1294
$1257
$1003
$1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
75
social contributions
-
-
-
396
total
-
-
-
471
Employee
348
-
1 558
-
income
-
-
80
-
social contributions
23
-
101
-
total
23
-
181
-
Employer
348
-
1 558
-
social contributions
54
-
242
-
total
54
-
242
-
Corporate
1 398
1 800
-
-
income
140
180
-
-
total
140
180
-
-
Dividends
1 258
1 620
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
217
180
423
471
After tax
1 583
1 620
1 377
1 329
Living cost
326
326
326
326
Free-cash
1 257
1 294
1 051
1 003

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
-$561
-$561
$546
-$561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
372
pensions
-
-
-
9
national
-
-
-
208
labour market
-
-
-
143
total
-
-
-
732
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
1 800
1 800
1 800
1 800
Total tax
1 839
1 839
1 839
732
After tax
-39
-39
-39
1 068
Living cost
522
522
522
522
Free-cash
-561
-561
-561
546

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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$87
$111
$998
$741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
3
income
-
-
-
494
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
569
Employee
367
-
1 615
-
health
42
-
185
-
income
50
-
373
-
pensions
41
-
82
-
total
133
-
640
-
Employer
367
-
1 615
-
accident
6
-
27
-
unemployment
9
-
40
-
pensions
60
-
119
-
total
75
-
186
-
Corporate
1 358
1 800
-
-
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.

1 222
1 620
-
-
total
1 222
1 620
-
-
Dividends
136
180
-
-
withholding
26
34
-
-
total
26
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 456
1 654
826
569
After tax
344
146
974
1 231
Living cost
233
233
233
233
Free-cash
111
-87
741
998

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
$719
$744
$761
$533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 800
municipal
-
-
-
320
health
-
-
-
23
national
-
-
-
280
total
-
-
-
623
Employee
570
-
1 514
-
health
4
-
19
-
municipal
93
-
247
-
pensions
38
-
102
-
unemployment
9
-
23
-
national
9
-
173
-
total
153
-
564
-
Employer
570
-
1 514
-
accident
1
-
2
-
unemployment
4
-
10
-
pensions
99
-
263
-
health
4
-
12
-
total
108
-
287
-
Corporate
1 123
1 800
-
-
income
225
360
-
-
total
225
360
-
-
Dividends

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

674
1 080
-
-
national
33
111
-
-
municipal
121
194
-
-
total
154
305
-
-
Income
1 800
1 800
1 800
1 800
Total tax
640
665
851
623
After tax
1 160
1 135
949
1 177
Living cost
416
416
416
416
Free-cash
744
719
533
761

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
$1064
$1004
$985
$970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
343
health
-
-
-
46
social contributions
-
-
-
175
total
-
-
-
564
Employee
833
833
1 676
-
social contributions
31
69
93
-
health
6
14
28
-
income
91
77
334
-
total
128
160
455
-
Employer
833
833
1 676
-
social contributions
31
69
93
-
health
7
15
31
-
total
38
84
124
-
Corporate
1 382
883
-
-
income
173
110
-
-
total
173
110
-
-
Dividends
1 209
772
-
-
withholding
206
131
-
-
total
206
131
-
-
Income
1 800
1 800
1 800
1 800
Total tax
545
485
579
564
After tax
1 255
1 315
1 221
1 236
Living cost
251
251
251
251
Free-cash
1 004
1 064
970
985

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
$1319
$1264
$1338
$1121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 800
income
-
-
-
182
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
290
Employee

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

249
-
1 694
-
health
21
-
87
-
income
17
-
155
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
401
-
Employer

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

249
-
1 694
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 526
1 800
-
-
income
137
162
-
-
total
137
162
-
-
Dividends
1 388
1 638
-
-
withholding
125
147
-
-
total
125
147
-
-
Income
1 800
1 800
1 800
1 800
Total tax
364
309
507
290
After tax
1 436
1 491
1 293
1 510
Living cost
172
172
172
172
Free-cash
1 264
1 319
1 121
1 338

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
$903
$855
$714
$668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
9
income
-
-
-
487
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
788
Employee
400
-
1 480
-
other
-
-
1
-
income
77
-
450
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
514
-
Employer
400
-
1 480
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 272
1 800
-
-
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.

191
270
-
-
total
191
270
-
-
Dividends
1 081
1 530
-
-
withholding
226
329
-
-
total
226
329
-
-
Income
1 800
1 800
1 800
1 800
Total tax
647
599
834
788
After tax
1 153
1 201
966
1 012
Living cost
298
298
298
298
Free-cash
855
903
668
714

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
$1093
$1089
$1122
$1121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
610
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
648
Employee
45
-
1 776
-
health
2
-
5
-
income
9
-
609
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
625
-
Employer
45
-
1 776
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 745
1 800
-
-
income
384
396
-
-
total
384
396
-
-
Dividends
1 361
1 404
-
-
withholding
272
281
-
-
total
272
281
-
-
Income
1 800
1 800
1 800
1 800
Total tax
681
677
649
648
After tax
1 119
1 123
1 151
1 152
Living cost
30
30
30
30
Free-cash
1 089
1 093
1 121
1 122

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
$1114
$1059
$906
$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

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.

-
-
-
1 800
income
-
-
-
405
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
707
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
-
1 657
-
health
15
-
41
-
income
39
-
405
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
564
-
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
-
1 657
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 467
1 800
-
-
income
220
270
-
-
total
220
270
-
-
Dividends
1 247
1 530
-
-
withholding
187
229
-
-
total
187
229
-
-
Income
1 800
1 800
1 800
1 800
Total tax
554
499
707
707
After tax
1 246
1 301
1 093
1 093
Living cost
187
187
187
187
Free-cash
1 059
1 114
906
906

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
$732
$728
$677
$543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
206
surtax
-
-
-
-
social contributions

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

-
-
-
625
total
-
-
-
831
Employee
420
-
1 455
-
social contributions
46
-
160
-
surtax
-
-
-
-
income
82
-
460
-
total
128
-
620
-
Employer
420
-
1 455
-
social contributions
100
-
345
-
total
100
-
345
-
Corporate
1 280
1 800
-
-
surtax
-
-
-
-
income
269
378
-
-
total
269
378
-
-
Dividends
1 011
1 422
-
-
withholding
283
398
-
-
total
283
398
-
-
Income
1 800
1 800
1 800
1 800
Total tax
780
776
965
831
After tax
1 020
1 024
835
969
Living cost
292
292
292
292
Free-cash
728
732
543
677

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
$820
$747
$631
$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
-
-
-
1 800
accident
-
-
-
9
income
-
-
-
487
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
788
Employee
523
-
1 480
-
other
1
-
1
-
income
109
-
450
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
514
-
Employer
523
-
1 480
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
237
-
total
166
-
320
-
Corporate
1 110
1 800
-
-
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.

167
270
-
-
total
167
270
-
-
Dividends
944
1 530
-
-
withholding
196
329
-
-
total
196
329
-
-
Income
1 800
1 800
1 800
1 800
Total tax
672
599
834
788
After tax
1 128
1 201
966
1 012
Living cost
381
381
381
381
Free-cash
747
820
585
631

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
$1353
$1287
$1242
$1313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
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
-
-
-
372
Employee
247
-
1 726
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
173
-
pensions

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

22
-
33
-
total
61
-
227
-
Employer
247
-
1 726
-
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
1 505
1 800
-
-
income
150
180
-
-
total
150
180
-
-
Dividends
1 354
1 620
-
-
withholding
68
81
-
-
total
68
81
-
-
Income
1 800
1 800
1 800
1 800
Total tax
327
261
301
372
After tax
1 473
1 539
1 499
1 428
Living cost
186
186
186
186
Free-cash
1 287
1 353
1 313
1 242

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
$509
$652
$548
$734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
186
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.

-
-
-
544
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.

-
-
-
30
total
-
-
-
834
Employee

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

539
-
1 800
-
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
-
30
-
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
-
544
-
total
120
-
648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 261
1 800
-
-
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
15
-
-
income
189
270
-
-
trade
181
258
-
-
chamber of commerce
3
4
-
-
total
383
547
-
-
Dividends
877
1 253
-
-
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
17
-
-
withholding
215
309
-
-
total
227
326
-
-
Income
1 800
1 800
1 800
1 800
Total tax
730
873
648
834
After tax
1 070
927
1 152
966
Living cost
418
418
418
418
Free-cash
652
509
734
548

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
$643
$667
$344
$344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
541
social contributions
-
-
-
298
total
-
-
-
839
Employee
847
-
1 800
-
income
160
-
541
-
social contributions
70
-
298
-
total
230
-
839
-
Employer
847
-
1 800
-
total
-
-
-
-
Corporate
953
1 800
-
-
income
119
225
-
-
total
119
225
-
-
Dividends
834
1 575
-
-
withholding
167
315
-
-
total
167
315
-
-
Income
1 800
1 800
1 800
1 800
Total tax
516
540
839
839
After tax
1 284
1 260
961
961
Living cost
617
617
617
617
Free-cash
667
643
344
344

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
$720
$757
$1027
$893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
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
-
1 750
-
income
54
-
414
-
social contributions
50
-
50
-
total
104
-
464
-
Employer
497
-
1 750
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 253
1 800
-
-
income
439
630
-
-
total
439
630
-
-
Dividends
815
1 170
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 800
1 800
1 800
1 800
Total tax
650
687
514
380
After tax
1 150
1 113
1 286
1 420
Living cost
393
393
393
393
Free-cash
757
720
893
1 027

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
$787
$851
$799
$635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
502
pensions
-
-
-
95
total
-
-
-
597
Employee
554
-
1 573
-
health
7
-
23
-
income
101
-
393
-
pensions
42
-
118
-
total
150
-
534
-
Employer
554
-
1 573
-
pensions
56
-
197
-
health
11
-
30
-
total
67
-
227
-
Corporate
1 179
1 800
-
-
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.

224
342
-
-
total
224
342
-
-
Dividends
955
1 458
-
-
withholding
104
267
-
-
total
104
267
-
-
Income
1 800
1 800
1 800
1 800
Total tax
545
609
761
597
After tax
1 255
1 191
1 039
1 203
Living cost
404
404
404
404
Free-cash
851
787
635
799

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
-$110
$106
$974
$718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
3
income
-
-
-
494
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
569
Employee
403
-
1 615
-
health
46
-
185
-
income
55
-
373
-
pensions
45
-
82
-
total
146
-
640
-
Employer
403
-
1 615
-
accident
7
-
27
-
unemployment
10
-
40
-
pensions
66
-
119
-
total
83
-
186
-
Corporate
1 314
1 800
-
-
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.

1 183
1 620
-
-
total
1 183
1 620
-
-
Dividends
131
180
-
-
withholding
25
34
-
-
total
25
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 437
1 654
826
569
After tax
363
146
974
1 231
Living cost
257
257
257
257
Free-cash
106
-110
718
974

Estimated living cost  is $257 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
$1369
$1318
$882
$1122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
295
pensions
-
-
-
319
unemployment
-
-
-
21
total
-
-
-
772
Employee

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

234
-
1 800
-
work injury
1
-
4
-
income
23
-
295
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
532
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 566
1 800
-
-
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%.

16
18
-
-
total
16
18
-
-
Dividends
1 550
1 782
-
-
withholding
233
267
-
-
total
233
267
-
-
Income
1 800
1 800
1 800
1 800
Total tax
336
285
532
772
After tax
1 464
1 515
1 268
1 028
Living cost
146
146
146
146
Free-cash
1 318
1 369
1 122
882

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
$517
$468
$414
$335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
12
regional
-
-
-
41
national
-
-
-
439
social contributions
-
-
-
463
total
-
-
-
955
Employee
913
-
1 800
-
social contributions
308
-
607
-
regional
14
-
36
-
municipal
5
-
11
-
national
154
-
380
-
total
481
-
1 034
-
Employer
913
-
1 800
-
total
-
-
-
-
Corporate
887
1 800
-
-
nationa
213
432
-
-
municipal
43
87
-
-
total
256
519
-
-
Dividends
632
1 281
-
-
withholding
164
333
-
-
total
164
333
-
-
Income
1 800
1 800
1 800
1 800
Total tax
901
852
1 034
955
After tax
899
948
766
845
Living cost
431
431
431
431
Free-cash
468
517
335
414

Estimated living cost  is $431 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

Close
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Estimated living cost

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