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
$ 1850
per

Your estimated
City
free-cash

Dresden , Germany
$605
$724
$639
$851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
trade
-
-
-
212
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.

-
-
-
565
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.

-
-
-
31
total
-
-
-
882
Employee

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

415
-
1 850
-
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
-
31
-
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
-
565
-
total
87
-
670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 435
1 850
-
-
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
15
-
-
income
215
278
-
-
trade
226
291
-
-
chamber of commerce
4
4
-
-
total
457
588
-
-
Dividends
978
1 262
-
-
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
240
311
-
-
total
253
328
-
-
Income
1 850
1 850
1 850
1 850
Total tax
797
916
670
882
After tax
1 053
934
1 180
968
Living cost
329
329
329
329
Free-cash
724
605
851
639

Estimated living cost  is $329 per week

$207
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
$606
$597
$545
$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
-
-
-
1 850
municipal
-
-
-
202
pensions
-
-
-
222
national
-
-
-
313
social contributions
-
-
-
20
total
-
-
-
757
Employee
849
-
1 599
-
municipal
105
-
209
-
pensions
34
-
64
-
national
162
-
326
-
total
301
-
599
-
Employer
849
-
1 599
-
social contributions
9
-
17
-
pensions
68
-
128
-
total
77
-
145
-
Corporate
868
1 850
-
-
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%.

174
370
-
-
total
174
370
-
-
Dividends
694
1 480
-
-
withholding
153
326
-
-
total
153
326
-
-
Income
1 850
1 850
1 850
1 850
Total tax
705
696
744
757
After tax
1 145
1 154
1 106
1 093
Living cost
548
548
548
548
Free-cash
597
606
558
545

Estimated living cost  is $548 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
$1254
$1166
$407
$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

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.

-
-
-
1 850
microenterprise
-
-
-
-
income
-
-
-
329
surtax
-
-
-
472
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.

-
-
-
416
total
-
-
-
1 217
Employee
317
-
1 386
-
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
-
-
201
-
income
56
-
274
-
total
91
-
617
-
Employer
317
-
1 386
-
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
-
312
-
surtax
-
-
152
-
total
76
-
464
-
Corporate
1 456
1 850
-
-
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%.

291
370
-
-
total
291
370
-
-
Dividends

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

1 165
1 480
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
458
370
1 081
1 217
After tax
1 392
1 480
769
633
Living cost
226
226
226
226
Free-cash
1 166
1 254
543
407

Estimated living cost  is $226 per week

$144
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.
$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
$461
$394
$571
$695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
563
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
824
Employee
927
927
1 648
-
health
142
121
134
-
income

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

152
152
238
-
pensions
167
127
127
-
total
461
400
499
-
Employer
927
927
1 648
-
unemployment
33
33
41
-
pensions
65
65
80
-
health
64
64
80
-
total
162
162
201
-
Corporate
772
761
-
-
income
154
152
-
-
total
154
152
-
-
Dividends
618
609
-
-
income
131
129
-
-
withholding
93
91
-
-
total
224
220
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 001
934
700
824
After tax
849
916
1 150
1 026
Living cost
455
455
455
455
Free-cash
394
461
695
571

Estimated living cost  is $455 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
$592
$582
$531
$522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
473
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
163
total
-
-
-
901
Employee
595
-
1 562
-
municipal
178
-
466
-
national
-
-
157
-
total
178
-
623
-
Employer
595
-
1 562
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
287
-
Corporate
1 068
1 850
-
-
income
235
407
-
-
total
235
407
-
-
Dividends
833
1 443
-
-
withholding
250
433
-
-
total
250
433
-
-
Income
1 850
1 850
1 850
1 850
Total tax
850
840
910
901
After tax
1 000
1 010
940
949
Living cost
418
418
418
418
Free-cash
582
592
522
531

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
$498
$649
$533
$754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 850
trade
-
-
-
221
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.

-
-
-
565
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.

-
-
-
31
total
-
-
-
891
Employee

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

550
-
1 850
-
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
-
31
-
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
-
565
-
total
124
-
670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 300
1 850
-
-
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
195
278
-
-
trade
214
304
-
-
chamber of commerce
4
4
-
-
total
424
601
-
-
Dividends
877
1 249
-
-
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
308
-
-
total
227
325
-
-
Income
1 850
1 850
1 850
1 850
Total tax
775
926
670
891
After tax
1 075
924
1 180
959
Living cost
426
426
426
426
Free-cash
649
498
754
533

Estimated living cost  is $426 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$1000
$952
$915
$900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
360
health
-
-
-
47
social contributions
-
-
-
176
total
-
-
-
583
Employee
835
835
1 725
-
social contributions
41
69
93
-
health
8
14
29
-
income
88
77
351
-
total
137
160
473
-
Employer
835
835
1 725
-
social contributions
41
69
93
-
health
9
15
32
-
total
50
84
125
-
Corporate
1 312
931
-
-
income
164
116
-
-
total
164
116
-
-
Dividends
1 148
814
-
-
withholding
195
138
-
-
total
195
138
-
-
Income
1 850
1 850
1 850
1 850
Total tax
546
498
598
583
After tax
1 304
1 352
1 252
1 267
Living cost
352
352
352
352
Free-cash
952
1 000
900
915

Estimated living cost  is $352 per week

$241
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
$843
$845
$1084
$876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
226
pensions
-
-
-
185
unemployment
-
-
-
28
health
-
-
-
130
total
-
-
-
569
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.

285
113
1 548
-
health
20
8
108
-
income
35
14
189
-
pensions
29
11
155
-
unemployment
4
2
23
-
total
88
35
475
-
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.

285
113
1 548
-
pensions
56
22
302
-
total
56
22
302
-
Corporate
1 509
1 714
-
-
income
136
154
-
-
total
136
154
-
-
Dividends
1 374
1 560
-
-
social contributions
267
303
-
-
withholding
261
296
-
-
total
528
599
-
-
Income
1 850
1 850
1 850
1 850
Total tax
808
810
777
569
After tax
1 042
1 040
1 073
1 281
Living cost
197
197
197
197
Free-cash
845
843
876
1 084

Estimated living cost  is $197 per week

$135
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.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1218
$1150
$729
$803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
248
pensions
-
-
-
370
health
-
-
-
241
total
-
-
-
859
Employee
308
-
1 383
-
income
35
-
267
-
pensions
6
-
28
-
unemployment
5
-
22
-
total
46
-
317
-
Employer
308
-
1 383
-
unemployment
2
-
11
-
pensions
62
-
277
-
health
40
-
180
-
total
104
-
468
-
Corporate
1 438
1 850
-
-
income
288
370
-
-
total
288
370
-
-
Dividends
1 150
1 480
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
438
370
785
859
After tax
1 412
1 480
1 065
991
Living cost
262
262
262
262
Free-cash
1 150
1 218
803
729

Estimated living cost  is $262 per week

$180
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
-$88
$113
$1026
$764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
3
income
-
-
-
510
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
24
total
-
-
-
586
Employee
374
-
1 662
-
health
43
-
190
-
income
51
-
387
-
pensions
42
-
83
-
total
136
-
660
-
Employer
374
-
1 662
-
accident
6
-
28
-
unemployment
9
-
41
-
pensions
61
-
119
-
total
76
-
188
-
Corporate
1 400
1 850
-
-
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.

1 260
1 665
-
-
total
1 260
1 665
-
-
Dividends
140
185
-
-
withholding
27
35
-
-
total
27
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 499
1 700
848
586
After tax
351
150
1 002
1 264
Living cost
238
238
238
238
Free-cash
113
-88
764
1 026

Estimated living cost  is $238 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
$1659
$1642
$1734
$1382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 850
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
-
1 850
-
income
24
-
370
-
total
24
-
370
-
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%.

1 728
1 850
-
-
total
-
-
-
-
Dividends
1 728
1 850
-
-
withholding
86
93
-
-
total
86
93
-
-
Income
1 850
1 850
1 850
1 850
Total tax
110
93
370
18
After tax
1 740
1 757
1 480
1 832
Living cost
98
98
98
98
Free-cash
1 642
1 659
1 382
1 734

Estimated living cost  is $98 per week

$61
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
$1071
$995
$734
$760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
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.

-
-
-
396
other
-
-
-
78
health
-
-
-
73
total
-
-
-
827
Employee
394
-
1 478
-
health
6
-
21
-
income
68
-
289
-
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
-
103
-
unemployment
4
-
15
-
total
106
-
428
-
Employer
394
-
1 478
-
accident
3
-
12
-
other
20
-
74
-
unemployment
4
-
15
-
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
-
251
-
health
6
-
21
-
total
100
-
373
-
Corporate
1 357
1 850
-
-
income
285
388
-
-
total
285
388
-
-
Dividends
1 072
1 462
-
-
withholding
75
102
-
-
total
75
102
-
-
Income
1 850
1 850
1 850
1 850
Total tax
566
490
801
827
After tax
1 284
1 360
1 049
1 023
Living cost
289
289
289
289
Free-cash
995
1 071
760
734

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.
$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.
$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
$489
$506
$502
$333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
521
pensions
-
-
-
97
total
-
-
-
618
Employee
1 033
-
1 617
-
health
17
-
24
-
income
186
-
409
-
pensions
100
-
120
-
total
303
-
553
-
Employer
1 033
-
1 617
-
pensions
122
-
203
-
health
20
-
31
-
total
142
-
234
-
Corporate
675
1 850
-
-
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.

128
351
-
-
total
128
351
-
-
Dividends
547
1 499
-
-
withholding
41
280
-
-
total
41
280
-
-
Income
1 850
1 850
1 850
1 850
Total tax
614
631
787
618
After tax
1 236
1 219
1 063
1 232
Living cost
730
730
730
730
Free-cash
506
489
333
502

Estimated living cost  is $730 per week

$547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
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
$1440
$1389
$1328
$1402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
278
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
-
-
-
380
Employee
189
-
1 776
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
178
-
pensions

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

17
-
33
-
total
47
-
232
-
Employer
189
-
1 776
-
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
1 624
1 850
-
-
income
162
185
-
-
total
162
185
-
-
Dividends
1 462
1 665
-
-
withholding
73
83
-
-
total
73
83
-
-
Income
1 850
1 850
1 850
1 850
Total tax
319
268
306
380
After tax
1 531
1 582
1 544
1 470
Living cost
142
142
142
142
Free-cash
1 389
1 440
1 402
1 328

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
$314
$340
$424
$548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
563
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
824
Employee
1 006
927
1 648
-
health
126
121
134
-
income

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

152
152
238
-
pensions
127
127
127
-
total
405
400
499
-
Employer
1 006
927
1 648
-
unemployment
36
33
41
-
pensions
70
65
80
-
health
70
64
80
-
total
176
162
201
-
Corporate
668
761
-
-
income
134
152
-
-
total
134
152
-
-
Dividends
534
609
-
-
income
113
129
-
-
withholding
80
91
-
-
total
193
220
-
-
Income
1 850
1 850
1 850
1 850
Total tax
908
934
700
824
After tax
942
916
1 150
1 026
Living cost
602
602
602
602
Free-cash
340
314
548
424

Estimated living cost  is $602 per week

$444
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
$1013
$919
$780
$700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
184
health
-
-
-
250
solidarity contribution
-
-
-
-
social contributions
-
-
-
375
total
-
-
-
809
Employee
384
-
1 402
-
social contributions
25
-
84
-
health
52
-
189
-
solidarity contribution
-
-
-
-
income
46
-
169
-
total
123
-
442
-
Employer
384
-
1 402
-
social contributions
96
-
321
-
health
35
-
126
-
total
131
-
447
-
Corporate
1 336
1 850
-
-
income
254
351
-
-
total
254
351
-
-
Dividends
1 082
1 499
-
-
withholding
162
225
-
-
total
162
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
670
576
889
809
After tax
1 180
1 274
961
1 041
Living cost
261
261
261
261
Free-cash
919
1 013
700
780

Estimated living cost  is $261 per week

$181
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.
$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
$529
$473
$429
$346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
11
regional
-
-
-
22
national
-
-
-
454
social contributions
-
-
-
476
total
-
-
-
963
Employee
965
-
1 850
-
social contributions
325
-
624
-
regional
9
-
19
-
municipal
5
-
10
-
national
167
-
393
-
total
506
-
1 046
-
Employer
965
-
1 850
-
total
-
-
-
-
Corporate
885
1 850
-
-
nationa
212
444
-
-
municipal
35
72
-
-
total
247
516
-
-
Dividends
638
1 334
-
-
withholding
166
347
-
-
total
166
347
-
-
Income
1 850
1 850
1 850
1 850
Total tax
919
863
1 046
963
After tax
931
987
804
887
Living cost
458
458
458
458
Free-cash
473
529
346
429

Estimated living cost  is $458 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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$924
$891
$637
$570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
502
pensions
-
-
-
290
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
76
total
-
-
-
973
Employee
359
-
1 545
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
64
-
income
60
-
437
-
pensions
24
-
97
-
unemployment
25
-
101
-
total
119
-
736
-
Employer
359
-
1 545
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
193
-
health
16
-
66
-
total
75
-
305
-
Corporate
1 416
1 850
-
-
income
368
481
-
-
total
368
481
-
-
Dividends
1 047
1 369
-
-
withholding
157
205
-
-
total
157
205
-
-
Income
1 850
1 850
1 850
1 850
Total tax
719
686
1 041
973
After tax
1 131
1 164
809
877
Living cost
240
240
240
240
Free-cash
891
924
570
637

Estimated living cost  is $240 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
$720
$792
$733
$564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
521
pensions
-
-
-
97
total
-
-
-
618
Employee
693
-
1 617
-
health
10
-
24
-
income
125
-
409
-
pensions
59
-
120
-
total
194
-
553
-
Employer
693
-
1 617
-
pensions
75
-
203
-
health
13
-
31
-
total
88
-
234
-
Corporate
1 069
1 850
-
-
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.

203
351
-
-
total
203
351
-
-
Dividends
866
1 499
-
-
withholding
74
280
-
-
total
74
280
-
-
Income
1 850
1 850
1 850
1 850
Total tax
559
631
787
618
After tax
1 291
1 219
1 063
1 232
Living cost
499
499
499
499
Free-cash
792
720
564
733

Estimated living cost  is $499 per week

$374
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.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$26
$376
$679
$593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
city
-
-
-
19
pensions
-
-
-
170
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.

-
-
-
37
regional
-
-
-
91
health
-
-
-
4
national
-
-
-
30
total
-
-
-
351
Employee
959
-
1 656
-
city
10
-
18
-
regional
31
-
78
-
health
2
-
4
-
pensions
81
-
139
-
unemployment
-
-
-
-
national
5
-
22
-
total
129
-
261
-
Employer
959
-
1 656
-
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
-
33
-
unemployment
-
-
-
-
pensions
81
-
139
-
health
2
-
4
-
total
102
-
176
-
Corporate
778
1 850
-
-
regional
165
391
-
-
national
66
157
-
-
total
231
548
-
-
Dividends
547
1 301
-
-
withholding
192
456
-
-
total
192
456
-
-
Income
1 850
1 850
1 850
1 850
Total tax
654
1 004
437
351
After tax
1 196
846
1 413
1 499
Living cost
820
820
820
820
Free-cash
376
26
593
679

Estimated living cost  is $820 per week

$533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
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
$417
$593
$452
$683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
trade
-
-
-
231
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.

-
-
-
565
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.

-
-
-
31
total
-
-
-
901
Employee

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

652
-
1 850
-
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
-
31
-
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
-
565
-
total
155
-
670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 198
1 850
-
-
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
180
278
-
-
trade
205
317
-
-
chamber of commerce
3
4
-
-
total
398
614
-
-
Dividends
799
1 236
-
-
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
17
-
-
withholding
196
305
-
-
total
207
322
-
-
Income
1 850
1 850
1 850
1 850
Total tax
760
936
670
901
After tax
1 090
914
1 180
949
Living cost
497
497
497
497
Free-cash
593
417
683
452

Estimated living cost  is $497 per week

$363
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
$561
$626
$673
$653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
284
pensions
-
-
-
336
other
-
-
-
57
health
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
53
total
-
-
-
806
Employee
465
-
1 437
-
social contributions
13
-
41
-
surtax
-
-
-
-
income
27
-
275
-
pensions
53
-
98
-
total
93
-
414
-
Employer
465
-
1 437
-
other
16
-
55
-
social contributions
1
-
4
-
unemployment
19
-
58
-
pensions
76
-
165
-
health
33
-
130
-
total
145
-
412
-
Corporate
1 240
1 850
-
-
surtax
-
-
-
-
income
347
518
-
-
total
347
518
-
-
Dividends
893
1 332
-
-
surtax
-
-
-
-
social contributions
154
229
-
-
withholding
114
171
-
-
total
268
400
-
-
Income
1 850
1 850
1 850
1 850
Total tax
853
918
826
806
After tax
997
932
1 024
1 044
Living cost
371
371
371
371
Free-cash
626
561
653
673

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.
$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 Nice model

Close
Marseille , France
$597
$658
$709
$689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
284
pensions
-
-
-
336
other
-
-
-
57
health
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
53
total
-
-
-
806
Employee
415
-
1 437
-
social contributions
12
-
41
-
surtax
-
-
-
-
income
21
-
275
-
pensions
47
-
98
-
total
80
-
414
-
Employer
415
-
1 437
-
other
14
-
55
-
social contributions
1
-
4
-
unemployment
17
-
58
-
pensions
68
-
165
-
health
29
-
130
-
total
129
-
412
-
Corporate
1 306
1 850
-
-
surtax
-
-
-
-
income
366
518
-
-
total
366
518
-
-
Dividends
940
1 332
-
-
surtax
-
-
-
-
social contributions
162
229
-
-
withholding
120
171
-
-
total
282
400
-
-
Income
1 850
1 850
1 850
1 850
Total tax
857
918
826
806
After tax
993
932
1 024
1 044
Living cost
335
335
335
335
Free-cash
658
597
689
709

Estimated living cost  is $335 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
$897
$905
$958
$922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
278
health
-
-
-
129
social contributions
-
-
-
255
total
-
-
-
662
Employee
368
-
1 850
-
social contributions
51
-
255
-
health
26
-
129
-
income
61
-
314
-
total
138
-
698
-
Employer
368
-
1 850
-
total
-
-
-
-
Corporate
1 482
1 850
-
-
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%.

74
93
-
-
total
74
93
-
-
Dividends
1 408
1 757
-
-
health
98
123
-
-
social contributions
194
243
-
-
withholding
211
264
-
-
total
503
630
-
-
Income
1 850
1 850
1 850
1 850
Total tax
715
723
698
662
After tax
1 135
1 127
1 152
1 188
Living cost
230
230
230
230
Free-cash
905
897
922
958

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
$642
$627
$567
$109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
chamber of commerce
-
-
-
7
income
-
-
-
493
pensions
-
-
-
235
unemployment
-
-
-
67
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
901
Employee
542
433
1 468
-
other
5
4
13
-
health
21
17
49
-
income
62
32
391
-
pensions
56
44
130
-
unemployment
16
13
38
-
total
160
110
621
-
Employer
542
433
1 468
-
accident
7
6
16
-
other
26
21
68
-
chamber of commerce
2
2
6
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
159
-
payroll
16
13
44
-
health
20
16
48
-
total
157
127
381
-
Corporate
1 149
1 291
1 427
-
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.

287
323
357
-
total
287
323
357
-
Dividends
862
968
-
-
withholding
237
266
-
-
total
237
266
-
-
Income
1 850
1 850
1 850
1 850
Total tax
841
826
1 359
901
After tax
1 009
1 024
491
949
Living cost
382
382
382
382
Free-cash
627
642
109
567

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
$639
$477
$405
$260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
national
-
-
-
683
communal

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

-
-
-
95
social contributions
-
-
-
271
total
-
-
-
1 049
Employee

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

776
-
1 433
-
communal

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

40
-
75
-
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
-
67
-
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
-
107
-
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
239
-
516
-
total
380
-
777
-
Employer

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

776
-
1 433
-
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
-
19
-
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
-
21
-
surtax
88
-
162
-
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
-
127
-
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
-
88
-
total
226
-
417
-
Corporate
848
1 850
-
-
surtax
3
7
-
-
income
170
370
-
-
total
173
377
-
-
Dividends
675
1 473
-
-
withholding

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

198
438
-
-
total
198
438
-
-
Income
1 850
1 850
1 850
1 850
Total tax
977
815
1 194
1 049
After tax
873
1 035
656
801
Living cost
396
396
396
396
Free-cash
477
639
260
405

Estimated living cost  is $396 per week

$255
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
$841
$766
$647
$602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
9
income
-
-
-
509
pensions
-
-
-
285
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
811
Employee
540
-
1 529
-
other
1
-
1
-
income
114
-
472
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
536
-
Employer
540
-
1 529
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
1 138
1 850
-
-
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.

171
278
-
-
total
171
278
-
-
Dividends
967
1 572
-
-
withholding
201
339
-
-
total
201
339
-
-
Income
1 850
1 850
1 850
1 850
Total tax
692
617
856
811
After tax
1 158
1 233
994
1 039
Living cost
392
392
392
392
Free-cash
766
841
602
647

Estimated living cost  is $392 per week

$289
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
$496
$360
$331
$406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
16
income
-
-
-
297
pensions
-
-
-
277
health
-
-
-
130
surtax
-
-
-
92
communal
-
-
-
117
total
-
-
-
929
Employee
822
-
1 652
-
health
37
-
74
-
surtax
50
-
101
-
income
79
-
350
-
pensions
66
-
132
-
total
232
-
657
-
Employer
822
-
1 652
-
accident
7
-
15
-
pensions
66
-
132
-
health
25
-
50
-
total
98
-
197
-
Corporate
930
1 850
-
-
surtax
10
19
-
-
communal
63
125
-
-
income
139
278
-
-
total
212
422
-
-
Dividends
718
1 428
-
-
income
250
128
-
-
withholding
108
214
-
-
total
358
342
-
-
Income
1 850
1 850
1 850
1 850
Total tax
900
764
854
929
After tax
950
1 086
996
921
Living cost
590
590
590
590
Free-cash
360
496
406
331

Estimated living cost  is $590 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
$920
$886
$633
$565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
502
pensions
-
-
-
290
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
76
total
-
-
-
973
Employee
366
-
1 545
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
64
-
income
61
-
437
-
pensions
24
-
97
-
unemployment
25
-
101
-
total
120
-
736
-
Employer
366
-
1 545
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
49
-
193
-
health
17
-
66
-
total
78
-
305
-
Corporate
1 408
1 850
-
-
income
366
481
-
-
total
366
481
-
-
Dividends
1 042
1 369
-
-
withholding
156
205
-
-
total
156
205
-
-
Income
1 850
1 850
1 850
1 850
Total tax
720
686
1 041
973
After tax
1 130
1 164
809
877
Living cost
244
244
244
244
Free-cash
886
920
565
633

Estimated living cost  is $244 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
$680
$658
$589
$506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
11
regional
-
-
-
28
national
-
-
-
454
social contributions
-
-
-
476
total
-
-
-
969
Employee
602
-
1 850
-
social contributions
203
-
624
-
regional
8
-
25
-
municipal
3
-
10
-
national
95
-
393
-
total
309
-
1 052
-
Employer
602
-
1 850
-
total
-
-
-
-
Corporate
1 248
1 850
-
-
nationa
299
444
-
-
municipal
62
92
-
-
total
361
536
-
-
Dividends
886
1 314
-
-
withholding
230
342
-
-
total
230
342
-
-
Income
1 850
1 850
1 850
1 850
Total tax
900
878
1 052
969
After tax
950
972
798
881
Living cost
292
292
292
292
Free-cash
658
680
506
589

Estimated living cost  is $292 per week

$182
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
$953
$837
$720
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
184
health
-
-
-
250
solidarity contribution
-
-
-
-
social contributions
-
-
-
375
total
-
-
-
809
Employee
473
-
1 402
-
social contributions
31
-
84
-
health
64
-
189
-
solidarity contribution
-
-
-
-
income
57
-
169
-
total
152
-
442
-
Employer
473
-
1 402
-
social contributions
118
-
321
-
health
43
-
126
-
total
161
-
447
-
Corporate
1 217
1 850
-
-
income
231
351
-
-
total
231
351
-
-
Dividends
985
1 499
-
-
withholding
148
225
-
-
total
148
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
692
576
889
809
After tax
1 158
1 274
961
1 041
Living cost
321
321
321
321
Free-cash
837
953
640
720

Estimated living cost  is $321 per week

$239
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
$679
$673
$605
$146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
chamber of commerce
-
-
-
7
income
-
-
-
493
pensions
-
-
-
235
unemployment
-
-
-
67
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
899
Employee
474
433
1 470
-
other
5
4
13
-
health
18
17
49
-
income
42
32
392
-
pensions
49
44
130
-
unemployment
14
13
38
-
total
128
110
622
-
Employer
474
433
1 470
-
accident
6
6
16
-
other
23
21
68
-
chamber of commerce
2
2
6
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
60
54
159
-
payroll
14
13
44
-
health
18
16
48
-
total
137
125
379
-
Corporate
1 239
1 293
1 429
-
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.

310
323
357
-
total
310
323
357
-
Dividends
929
970
-
-
withholding
256
267
-
-
total
256
267
-
-
Income
1 850
1 850
1 850
1 850
Total tax
831
825
1 358
899
After tax
1 019
1 025
492
951
Living cost
346
346
346
346
Free-cash
673
679
146
605

Estimated living cost  is $346 per week

$208
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
$1605
$1577
$1680
$1328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 850
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
-
1 850
-
income
38
-
370
-
total
38
-
370
-
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%.

1 660
1 850
-
-
total
-
-
-
-
Dividends
1 660
1 850
-
-
withholding
83
93
-
-
total
83
93
-
-
Income
1 850
1 850
1 850
1 850
Total tax
121
93
370
18
After tax
1 729
1 757
1 480
1 832
Living cost
152
152
152
152
Free-cash
1 577
1 605
1 328
1 680

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
$982
$893
$615
$567
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
income
-
-
-
421
pensions
-
-
-
338
unemployment
-
-
-
3
health
-
-
-
182
total
-
-
-
944
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.

480
-
1 601
-
health
31
-
103
-
income
83
-
389
-
pensions
74
-
248
-
unemployment
1
-
2
-
total
189
-
742
-
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.

480
-
1 601
-
unemployment
-
-
1
-
pensions
42
-
142
-
health
32
-
107
-
total
74
-
250
-
Corporate
1 295
1 850
-
-
income
246
352
-
-
total
246
352
-
-
Dividends
1 049
1 498
-
-
withholding
157
225
-
-
total
157
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
666
577
992
944
After tax
1 184
1 273
858
906
Living cost
291
291
291
291
Free-cash
893
982
567
615

Estimated living cost  is $291 per week

$200
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
$659
$143
$811
$1240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
361
social contributions
-
-
-
211
total
-
-
-
572
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
944
-
135
-
total
944
-
135
-
Corporate
236
1 850
-
-
income
52
407
-
-
total
52
407
-
-
Dividends
184
1 443
-
-
income
41
317
-
-
total
41
317
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 240
724
143
572
After tax
610
1 126
1 707
1 278
Living cost
467
467
467
467
Free-cash
143
659
1 240
811

Estimated living cost  is $467 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
$713
$700
$653
$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

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.

-
-
-
1 850
income
-
-
-
214
surtax
-
-
-
-
social contributions

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

-
-
-
643
total
-
-
-
857
Employee
499
-
1 495
-
social contributions
55
-
164
-
surtax
-
-
-
-
income
104
-
476
-
total
159
-
640
-
Employer
499
-
1 495
-
social contributions
119
-
355
-
total
119
-
355
-
Corporate
1 232
1 850
-
-
surtax
-
-
-
-
income
259
388
-
-
total
259
388
-
-
Dividends
973
1 462
-
-
withholding
273
409
-
-
total
273
409
-
-
Income
1 850
1 850
1 850
1 850
Total tax
810
797
995
857
After tax
1 040
1 053
855
993
Living cost
340
340
340
340
Free-cash
700
713
515
653

Estimated living cost  is $340 per week

$255
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
$408
$483
$520
$500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
284
pensions
-
-
-
336
other
-
-
-
57
health
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
53
total
-
-
-
806
Employee
680
-
1 437
-
social contributions
19
-
41
-
surtax
-
-
-
-
income
59
-
275
-
pensions
77
-
98
-
total
155
-
414
-
Employer
680
-
1 437
-
other
23
-
55
-
social contributions
2
-
4
-
unemployment
28
-
58
-
pensions
112
-
165
-
health
48
-
130
-
total
213
-
412
-
Corporate
958
1 850
-
-
surtax
-
-
-
-
income
268
518
-
-
total
268
518
-
-
Dividends
690
1 332
-
-
surtax
-
-
-
-
social contributions
119
229
-
-
withholding
88
171
-
-
total
207
400
-
-
Income
1 850
1 850
1 850
1 850
Total tax
843
918
826
806
After tax
1 007
932
1 024
1 044
Living cost
524
524
524
524
Free-cash
483
408
500
520

Estimated living cost  is $524 per week

$355
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
$1339
$1302
$1039
$1088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
78
social contributions
-
-
-
407
total
-
-
-
485
Employee
349
-
1 602
-
income
-
-
84
-
social contributions
23
-
104
-
total
23
-
188
-
Employer
349
-
1 602
-
social contributions
54
-
248
-
total
54
-
248
-
Corporate
1 447
1 850
-
-
income
145
185
-
-
total
145
185
-
-
Dividends
1 302
1 665
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
222
185
436
485
After tax
1 628
1 665
1 414
1 365
Living cost
326
326
326
326
Free-cash
1 302
1 339
1 088
1 039

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

Additional information

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
-$516
-$516
$573
-$516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
383
pensions
-
-
-
9
national
-
-
-
215
labour market
-
-
-
147
total
-
-
-
754
Employee
2 207
2 207
2 207
-
labour market
176
176
176
-
national
270
270
270
-
municipal
470
470
470
-
pensions
3
3
3
-
total
919
919
919
-
Employer
2 207
2 207
2 207
-
labour market
177
177
177
-
municipal
471
471
471
-
pensions
6
6
6
-
national
270
270
270
-
total
924
924
924
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 843
1 843
1 843
754
After tax
7
7
7
1 096
Living cost
523
523
523
523
Free-cash
-516
-516
-516
573

Estimated living cost  is $523 per week

$358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$84
$113
$1030
$768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
3
income
-
-
-
510
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
24
total
-
-
-
586
Employee
369
-
1 662
-
health
42
-
190
-
income
51
-
387
-
pensions
42
-
83
-
total
135
-
660
-
Employer
369
-
1 662
-
accident
6
-
28
-
unemployment
9
-
41
-
pensions
60
-
119
-
total
75
-
188
-
Corporate
1 406
1 850
-
-
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.

1 266
1 665
-
-
total
1 266
1 665
-
-
Dividends
141
185
-
-
withholding
27
35
-
-
total
27
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 503
1 700
848
586
After tax
347
150
1 002
1 264
Living cost
234
234
234
234
Free-cash
113
-84
768
1 030

Estimated living cost  is $234 per week

$171
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
$746
$772
$785
$557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 850
municipal
-
-
-
329
health
-
-
-
24
national
-
-
-
295
total
-
-
-
648
Employee
571
-
1 556
-
health
4
-
19
-
municipal
94
-
254
-
pensions
39
-
105
-
unemployment
9
-
23
-
national
9
-
181
-
total
155
-
582
-
Employer
571
-
1 556
-
accident
1
-
2
-
unemployment
4
-
10
-
pensions
99
-
270
-
health
4
-
12
-
total
108
-
294
-
Corporate
1 171
1 850
-
-
income
234
370
-
-
total
234
370
-
-
Dividends

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

703
1 110
-
-
national
38
117
-
-
municipal
126
200
-
-
total
164
317
-
-
Income
1 850
1 850
1 850
1 850
Total tax
661
687
876
648
After tax
1 189
1 163
974
1 202
Living cost
417
417
417
417
Free-cash
772
746
557
785

Estimated living cost  is $417 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
$1101
$1039
$1016
$1001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
360
health
-
-
-
47
social contributions
-
-
-
176
total
-
-
-
583
Employee
835
835
1 725
-
social contributions
32
69
93
-
health
6
14
29
-
income
91
77
351
-
total
129
160
473
-
Employer
835
835
1 725
-
social contributions
32
69
93
-
health
7
15
32
-
total
39
84
125
-
Corporate
1 431
931
-
-
income
179
116
-
-
total
179
116
-
-
Dividends
1 252
814
-
-
withholding
213
138
-
-
total
213
138
-
-
Income
1 850
1 850
1 850
1 850
Total tax
560
498
598
583
After tax
1 290
1 352
1 252
1 267
Living cost
251
251
251
251
Free-cash
1 039
1 101
1 001
1 016

Estimated living cost  is $251 per week

$151
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
$1359
$1305
$1382
$1164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 850
income
-
-
-
188
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
296
Employee

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

249
-
1 744
-
health
21
-
88
-
income
17
-
161
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
408
-
Employer

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

249
-
1 744
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 575
1 850
-
-
income
142
167
-
-
total
142
167
-
-
Dividends
1 433
1 683
-
-
withholding
129
152
-
-
total
129
152
-
-
Income
1 850
1 850
1 850
1 850
Total tax
373
319
514
296
After tax
1 477
1 531
1 336
1 554
Living cost
172
172
172
172
Free-cash
1 305
1 359
1 164
1 382

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
$935
$889
$741
$696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
9
income
-
-
-
509
pensions
-
-
-
285
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
811
Employee
401
-
1 529
-
other
-
-
1
-
income
77
-
472
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
536
-
Employer
401
-
1 529
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 321
1 850
-
-
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.

198
278
-
-
total
198
278
-
-
Dividends
1 123
1 572
-
-
withholding
235
339
-
-
total
235
339
-
-
Income
1 850
1 850
1 850
1 850
Total tax
663
617
856
811
After tax
1 187
1 233
994
1 039
Living cost
298
298
298
298
Free-cash
889
935
696
741

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
$1124
$1120
$1154
$1154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
628
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
666
Employee
45
-
1 826
-
health
2
-
5
-
income
9
-
626
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
642
-
Employer
45
-
1 826
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 795
1 850
-
-
income
395
407
-
-
total
395
407
-
-
Dividends
1 400
1 443
-
-
withholding
280
289
-
-
total
280
289
-
-
Income
1 850
1 850
1 850
1 850
Total tax
700
696
666
666
After tax
1 150
1 154
1 184
1 184
Living cost
30
30
30
30
Free-cash
1 120
1 124
1 154
1 154

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
$1149
$1095
$941
$943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
income
-
-
-
417
pensions
-
-
-
209
unemployment
-
-
-
12
health
-
-
-
83
total
-
-
-
721
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.

283
-
1 706
-
health
15
-
41
-
income
39
-
417
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
576
-
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.

283
-
1 706
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 516
1 850
-
-
income
227
277
-
-
total
227
277
-
-
Dividends
1 289
1 573
-
-
withholding
193
236
-
-
total
193
236
-
-
Income
1 850
1 850
1 850
1 850
Total tax
567
513
719
721
After tax
1 283
1 337
1 131
1 129
Living cost
188
188
188
188
Free-cash
1 095
1 149
943
941

Estimated living cost  is $188 per week

$126
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.
$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
$760
$756
$700
$562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
income
-
-
-
214
surtax
-
-
-
-
social contributions

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

-
-
-
643
total
-
-
-
857
Employee
421
-
1 495
-
social contributions
46
-
164
-
surtax
-
-
-
-
income
82
-
476
-
total
128
-
640
-
Employer
421
-
1 495
-
social contributions
100
-
355
-
total
100
-
355
-
Corporate
1 329
1 850
-
-
surtax
-
-
-
-
income
279
388
-
-
total
279
388
-
-
Dividends
1 050
1 462
-
-
withholding
294
409
-
-
total
294
409
-
-
Income
1 850
1 850
1 850
1 850
Total tax
801
797
995
857
After tax
1 049
1 053
855
993
Living cost
293
293
293
293
Free-cash
756
760
562
700

Estimated living cost  is $293 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
$852
$781
$658
$613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
9
income
-
-
-
509
pensions
-
-
-
285
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
811
Employee
524
-
1 529
-
other
1
-
1
-
income
109
-
472
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
536
-
Employer
524
-
1 529
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
124
-
237
-
total
167
-
320
-
Corporate
1 159
1 850
-
-
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.

174
278
-
-
total
174
278
-
-
Dividends
985
1 572
-
-
withholding
204
339
-
-
total
204
339
-
-
Income
1 850
1 850
1 850
1 850
Total tax
688
617
856
811
After tax
1 162
1 233
994
1 039
Living cost
381
381
381
381
Free-cash
781
852
613
658

Estimated living cost  is $381 per week

$274
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
$1395
$1329
$1283
$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
-
-
-
1 850
income
-
-
-
278
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
-
-
-
380
Employee
247
-
1 776
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
178
-
pensions

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

22
-
33
-
total
61
-
232
-
Employer
247
-
1 776
-
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
1 554
1 850
-
-
income
155
185
-
-
total
155
185
-
-
Dividends
1 399
1 665
-
-
withholding
70
83
-
-
total
70
83
-
-
Income
1 850
1 850
1 850
1 850
Total tax
334
268
306
380
After tax
1 516
1 582
1 544
1 470
Living cost
187
187
187
187
Free-cash
1 329
1 395
1 357
1 283

Estimated living cost  is $187 per week

$124
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
$534
$676
$568
$761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 850
trade
-
-
-
193
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.

-
-
-
565
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.

-
-
-
31
total
-
-
-
863
Employee

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

540
-
1 850
-
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
-
31
-
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
-
565
-
total
120
-
670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 310
1 850
-
-
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
196
278
-
-
trade
188
265
-
-
chamber of commerce
4
4
-
-
total
399
562
-
-
Dividends
911
1 287
-
-
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
224
318
-
-
total
236
335
-
-
Income
1 850
1 850
1 850
1 850
Total tax
755
897
670
863
After tax
1 095
953
1 180
987
Living cost
419
419
419
419
Free-cash
676
534
761
568

Estimated living cost  is $419 per week

$289
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
$677
$701
$364
$364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
561
social contributions
-
-
-
307
total
-
-
-
868
Employee
849
-
1 850
-
income
160
-
561
-
social contributions
71
-
307
-
total
231
-
868
-
Employer
849
-
1 850
-
total
-
-
-
-
Corporate
1 001
1 850
-
-
income
125
231
-
-
total
125
231
-
-
Dividends
876
1 619
-
-
withholding
175
324
-
-
total
175
324
-
-
Income
1 850
1 850
1 850
1 850
Total tax
531
555
868
868
After tax
1 319
1 295
982
982
Living cost
618
618
618
618
Free-cash
701
677
364
364

Estimated living cost  is $618 per week

$470
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$751
$789
$1075
$925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
income
-
-
-
309
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
-
-
-
381
Employee
498
-
1 800
-
income
54
-
431
-
social contributions
50
-
50
-
total
104
-
481
-
Employer
498
-
1 800
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 302
1 850
-
-
income
456
648
-
-
total
456
648
-
-
Dividends
846
1 202
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 850
1 850
1 850
1 850
Total tax
667
705
531
381
After tax
1 183
1 145
1 319
1 469
Living cost
394
394
394
394
Free-cash
789
751
925
1 075

Estimated living cost  is $394 per week

$260
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
$813
$878
$826
$657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
income
-
-
-
521
pensions
-
-
-
97
total
-
-
-
618
Employee
557
-
1 617
-
health
7
-
24
-
income
101
-
409
-
pensions
43
-
120
-
total
151
-
553
-
Employer
557
-
1 617
-
pensions
56
-
203
-
health
11
-
31
-
total
67
-
234
-
Corporate
1 226
1 850
-
-
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.

233
351
-
-
total
233
351
-
-
Dividends
993
1 499
-
-
withholding
115
280
-
-
total
115
280
-
-
Income
1 850
1 850
1 850
1 850
Total tax
566
631
787
618
After tax
1 284
1 219
1 063
1 232
Living cost
406
406
406
406
Free-cash
878
813
657
826

Estimated living cost  is $406 per week

$278
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
-$108
$109
$1006
$744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
accident
-
-
-
3
income
-
-
-
510
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
24
total
-
-
-
586
Employee
405
-
1 662
-
health
46
-
190
-
income
56
-
387
-
pensions
46
-
83
-
total
148
-
660
-
Employer
405
-
1 662
-
accident
7
-
28
-
unemployment
10
-
41
-
pensions
66
-
119
-
total
83
-
188
-
Corporate
1 362
1 850
-
-
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.

1 226
1 665
-
-
total
1 226
1 665
-
-
Dividends
136
185
-
-
withholding
26
35
-
-
total
26
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 483
1 700
848
586
After tax
367
150
1 002
1 264
Living cost
258
258
258
258
Free-cash
109
-108
744
1 006

Estimated living cost  is $258 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1409
$1360
$922
$1161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 850
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
304
pensions
-
-
-
319
unemployment
-
-
-
21
total
-
-
-
781
Employee

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

235
-
1 850
-
work injury
1
-
4
-
income
23
-
304
-
pensions
43
-
160
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 615
1 850
-
-
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
19
-
-
total
16
19
-
-
Dividends
1 599
1 831
-
-
withholding
240
275
-
-
total
240
275
-
-
Income
1 850
1 850
1 850
1 850
Total tax
343
294
542
781
After tax
1 507
1 556
1 308
1 069
Living cost
147
147
147
147
Free-cash
1 360
1 409
1 161
922

Estimated living cost  is $147 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.
$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 Skopje model

Close
Rome , Italy
$543
$493
$434
$352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
12
regional
-
-
-
42
national
-
-
-
454
social contributions
-
-
-
476
total
-
-
-
984
Employee
915
-
1 850
-
social contributions
308
-
624
-
regional
14
-
38
-
municipal
5
-
11
-
national
155
-
393
-
total
482
-
1 066
-
Employer
915
-
1 850
-
total
-
-
-
-
Corporate
935
1 850
-
-
nationa
225
444
-
-
municipal
45
89
-
-
total
270
533
-
-
Dividends
666
1 317
-
-
withholding
173
342
-
-
total
173
342
-
-
Income
1 850
1 850
1 850
1 850
Total tax
925
875
1 066
984
After tax
925
975
784
866
Living cost
432
432
432
432
Free-cash
493
543
352
434

Estimated living cost  is $432 per week

$304
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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