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
$ 1900
per

Your estimated
City
free-cash

Dresden , Germany
$598
$862
$650
$729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
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.

-
-
-
566
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
212
total
-
-
-
890
Employee

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

455
-
1 900
-
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.

13
-
566
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
total
95
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 445
1 900
-
-
income
217
285
-
-
surtax

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

12
16
-
-
chamber of commerce
4
5
-
-
trade
228
299
-
-
total
461
605
-
-
Dividends
985
1 296
-
-
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
18
-
-
withholding
242
319
-
-
total
255
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
811
942
678
890
After tax
1 089
958
1 222
1 010
Living cost
360
360
360
360
Free-cash
729
598
862
650

Estimated living cost  is $360 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$556
$511
$497
$545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
20
municipal
-
-
-
206
national
-
-
-
319
pensions
-
-
-
228
total
-
-
-
773
Employee
976
-
1 643
-
municipal
121
-
213
-
pensions
39
-
66
-
national
187
-
331
-
total
347
-
610
-
Employer
976
-
1 643
-
pensions
78
-
131
-
social contributions
10
-
18
-
total
88
-
149
-
Corporate
771
1 900
-
-
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%.

154
380
-
-
total
154
380
-
-
Dividends
617
1 520
-
-
withholding
136
334
-
-
total
136
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
725
714
759
773
After tax
1 175
1 186
1 141
1 127
Living cost
630
630
630
630
Free-cash
545
556
511
497

Estimated living cost  is $630 per week

$428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1273
$896
$393
$1175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
321
surtax
-
-
-
484
social contributions

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

-
-
-
455
microenterprise
-
-
-
-
total
-
-
-
1 260
Employee
347
-
1 386
-
surtax
-
-
-
-
social contributions

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

38
-
153
-
income
62
-
270
-
total
100
-
423
-
Employer
347
-
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.

84
-
334
-
surtax
-
-
-
-
total
84
-
334
-
Corporate
1 469
1 900
-
-
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%.

294
380
-
-
total
294
380
-
-
Dividends

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

1 175
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
478
380
757
1 260
After tax
1 422
1 520
1 143
640
Living cost
247
247
247
247
Free-cash
1 175
1 273
896
393

Estimated living cost  is $247 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$439
$668
$564
$366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
552
health
-
-
-
147
pensions
-
-
-
139
total
-
-
-
838
Employee
1 015
1 015
1 679
-
pensions
183
139
139
-
income

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

166
166
227
-
health
156
133
147
-
total
505
438
513
-
Employer
1 015
1 015
1 679
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
45
-
total
179
179
221
-
Corporate
720
707
-
-
income
144
141
-
-
total
144
141
-
-
Dividends
576
566
-
-
income
122
120
-
-
withholding
86
85
-
-
total
208
205
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 036
963
734
838
After tax
864
937
1 166
1 062
Living cost
498
498
498
498
Free-cash
366
439
668
564

Estimated living cost  is $498 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$548
$491
$502
$538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
2
other
-
-
-
125
unemployment
-
-
-
1
health
-
-
-
67
municipal
-
-
-
474
national
-
-
-
124
pensions
-
-
-
116
total
-
-
-
909
Employee
697
-
1 563
-
municipal
208
-
466
-
national
-
-
117
-
total
208
-
583
-
Employer
697
-
1 563
-
health
43
-
66
-
pensions
75
-
116
-
accident
1
-
2
-
unemployment
18
-
28
-
other
81
-
125
-
total
218
-
337
-
Corporate
984
1 900
-
-
income
217
418
-
-
total
217
418
-
-
Dividends
768
1 482
-
-
withholding
230
445
-
-
total
230
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
863
920
909
After tax
1 027
1 037
980
991
Living cost
489
489
489
489
Free-cash
538
548
491
502

Estimated living cost  is $489 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$481
$755
$533
$648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
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.

-
-
-
566
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
222
total
-
-
-
900
Employee

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

603
-
1 900
-
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.

52
-
566
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
total
136
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 297
1 900
-
-
income
195
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
trade
213
313
-
-
total
423
619
-
-
Dividends
875
1 282
-
-
surtax

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

12
17
-
-
withholding
214
316
-
-
total
226
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
785
952
678
900
After tax
1 115
948
1 222
1 000
Living cost
467
467
467
467
Free-cash
648
481
755
533

Estimated living cost  is $467 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$999
$905
$923
$952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
351
social contributions
-
-
-
192
health
-
-
-
48
total
-
-
-
591
Employee
914
914
1 765
-
social contributions
44
76
102
-
income
96
85
342
-
health
9
16
30
-
total
149
177
474
-
Employer
914
914
1 765
-
health
10
17
33
-
social contributions
44
76
102
-
total
54
93
135
-
Corporate
1 311
893
-
-
income
164
112
-
-
total
164
112
-
-
Dividends
1 147
782
-
-
withholding
195
133
-
-
total
195
133
-
-
Income
1 900
1 900
1 900
1 900
Total tax
562
515
609
591
After tax
1 338
1 385
1 291
1 309
Living cost
386
386
386
386
Free-cash
952
999
905
923

Estimated living cost  is $386 per week

$264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$850
$884
$1098
$855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
232
unemployment
-
-
-
29
health
-
-
-
133
pensions
-
-
-
190
total
-
-
-
584
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.

314
125
1 590
-
unemployment
5
2
24
-
pensions
31
12
159
-
income
38
15
194
-
health
22
9
111
-
total
96
38
488
-
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.

314
125
1 590
-
pensions
61
24
310
-
total
61
24
310
-
Corporate
1 525
1 751
-
-
income
137
158
-
-
total
137
158
-
-
Dividends
1 388
1 593
-
-
social contributions
269
309
-
-
withholding
264
303
-
-
total
533
612
-
-
Income
1 900
1 900
1 900
1 900
Total tax
827
832
798
584
After tax
1 073
1 068
1 102
1 316
Living cost
218
218
218
218
Free-cash
855
850
884
1 098

Estimated living cost  is $218 per week

$148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1233
$808
$731
$1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
255
health
-
-
-
247
pensions
-
-
-
380
total
-
-
-
882
Employee
337
-
1 420
-
unemployment
5
-
23
-
pensions
7
-
28
-
income
38
-
274
-
total
50
-
325
-
Employer
337
-
1 420
-
health
44
-
185
-
pensions
67
-
284
-
unemployment
3
-
11
-
total
114
-
480
-
Corporate
1 449
1 900
-
-
income
290
380
-
-
total
290
380
-
-
Dividends
1 159
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
454
380
805
882
After tax
1 446
1 520
1 095
1 018
Living cost
287
287
287
287
Free-cash
1 159
1 233
808
731

Estimated living cost  is $287 per week

$197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$111
$759
$1035
$112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
416
-
1 698
-
pensions
47
-
92
-
income
57
-
387
-
health
48
-
194
-
total
152
-
673
-
Employer
416
-
1 698
-
pensions
68
-
133
-
accident
7
-
28
-
unemployment
10
-
42
-
total
85
-
203
-
Corporate
1 399
1 900
-
-
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.

1 259
1 710
-
-
total
1 259
1 710
-
-
Dividends
140
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 523
1 746
876
600
After tax
377
154
1 024
1 300
Living cost
265
265
265
265
Free-cash
112
-111
759
1 035

Estimated living cost  is $265 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1708
$1423
$1784
$1690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
122
-
1 900
-
income
24
-
380
-
total
24
-
380
-
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%.

1 778
1 900
-
-
total
-
-
-
-
Dividends
1 778
1 900
-
-
withholding
89
95
-
-
total
89
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
113
95
380
19
After tax
1 787
1 805
1 520
1 881
Living cost
97
97
97
97
Free-cash
1 690
1 708
1 423
1 784

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1079
$766
$708
$1000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
275
other
-
-
-
86
health
-
-
-
80
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.

-
-
-
434
total
-
-
-
875
Employee
432
-
1 518
-
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.

30
-
106
-
income
74
-
293
-
health
6
-
21
-
total
114
-
435
-
Employer
432
-
1 518
-
health
6
-
21
-
pensions

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

73
-
258
-
accident
3
-
12
-
unemployment
4
-
15
-
other
22
-
76
-
total
108
-
382
-
Corporate
1 360
1 900
-
-
income
286
399
-
-
total
286
399
-
-
Dividends
1 074
1 501
-
-
withholding
75
105
-
-
total
75
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
583
504
817
875
After tax
1 317
1 396
1 083
1 025
Living cost
317
317
317
317
Free-cash
1 000
1 079
766
708

Estimated living cost  is $317 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$472
$308
$482
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
523
pensions
-
-
-
103
total
-
-
-
626
Employee
1 120
-
1 661
-
pensions
108
-
128
-
income
202
-
408
-
health
18
-
25
-
total
328
-
561
-
Employer
1 120
-
1 661
-
health
21
-
32
-
pensions
132
-
207
-
total
153
-
239
-
Corporate
626
1 900
-
-
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.

119
361
-
-
total
119
361
-
-
Dividends
507
1 539
-
-
withholding
38
275
-
-
total
38
275
-
-
Income
1 900
1 900
1 900
1 900
Total tax
638
636
800
626
After tax
1 262
1 264
1 100
1 274
Living cost
792
792
792
792
Free-cash
470
472
308
482

Estimated living cost  is $792 per week

$593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1469
$1420
$1348
$1415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
61
total
-
-
-
396
Employee
206
-
1 819
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
21
-
182
-
health
9
-
19
-
total
50
-
242
-
Employer
206
-
1 819
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
82
-
Corporate
1 653
1 900
-
-
income
165
190
-
-
total
165
190
-
-
Dividends
1 488
1 710
-
-
withholding
74
85
-
-
total
74
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
329
275
324
396
After tax
1 571
1 625
1 576
1 504
Living cost
156
156
156
156
Free-cash
1 415
1 469
1 420
1 348

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$278
$507
$403
$308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
552
health
-
-
-
147
pensions
-
-
-
139
total
-
-
-
838
Employee
1 102
1 015
1 679
-
pensions
139
139
139
-
income

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

166
166
227
-
health
137
133
147
-
total
442
438
513
-
Employer
1 102
1 015
1 679
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
45
-
total
194
179
221
-
Corporate
605
707
-
-
income
121
141
-
-
total
121
141
-
-
Dividends
484
566
-
-
income
103
120
-
-
withholding
73
85
-
-
total
176
205
-
-
Income
1 900
1 900
1 900
1 900
Total tax
933
963
734
838
After tax
967
937
1 166
1 062
Living cost
659
659
659
659
Free-cash
308
278
507
403

Estimated living cost  is $659 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1013
$670
$740
$908
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
425
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
865
Employee
434
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
28
-
92
-
income
52
-
170
-
health
59
-
191
-
total
139
-
453
-
Employer
434
-
1 418
-
health
39
-
128
-
social contributions
109
-
354
-
total
148
-
482
-
Corporate
1 318
1 900
-
-
income
250
361
-
-
total
250
361
-
-
Dividends
1 068
1 539
-
-
withholding
160
231
-
-
total
160
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
697
592
935
865
After tax
1 203
1 308
965
1 035
Living cost
295
295
295
295
Free-cash
908
1 013
670
740

Estimated living cost  is $295 per week

$205
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.
$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 Brno model

Close
Milan , Italy
$512
$331
$418
$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
22
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
980
Employee
1 056
-
1 900
-
municipal
6
-
10
-
national
183
-
396
-
regional
10
-
20
-
social contributions
356
-
641
-
total
555
-
1 067
-
Employer
1 056
-
1 900
-
total
-
-
-
-
Corporate
844
1 900
-
-
municipal
33
74
-
-
nationa
202
456
-
-
total
235
530
-
-
Dividends
608
1 370
-
-
withholding
158
356
-
-
total
158
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
948
886
1 067
980
After tax
952
1 014
833
920
Living cost
502
502
502
502
Free-cash
450
512
331
418

Estimated living cost  is $502 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$933
$568
$640
$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
493
other
-
-
-
-
surtax
-
-
-
72
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
317
total
-
-
-
998
Employee
393
-
1 570
-
other
-
-
-
-
unemployment
27
-
109
-
pensions
26
-
105
-
surtax
1
-
61
-
income
66
-
425
-
health
10
-
40
-
total
130
-
740
-
Employer
393
-
1 570
-
health
18
-
71
-
pensions
52
-
209
-
unemployment
12
-
50
-
other
-
-
-
-
total
82
-
330
-
Corporate
1 424
1 900
-
-
income
370
494
-
-
total
370
494
-
-
Dividends
1 054
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
740
705
1 070
998
After tax
1 160
1 195
830
902
Living cost
262
262
262
262
Free-cash
898
933
568
640

Estimated living cost  is $262 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$723
$559
$733
$790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
523
pensions
-
-
-
103
total
-
-
-
626
Employee
751
-
1 661
-
pensions
64
-
128
-
income
135
-
408
-
health
11
-
25
-
total
210
-
561
-
Employer
751
-
1 661
-
health
14
-
32
-
pensions
81
-
207
-
total
95
-
239
-
Corporate
1 054
1 900
-
-
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.

200
361
-
-
total
200
361
-
-
Dividends
854
1 539
-
-
withholding
64
275
-
-
total
64
275
-
-
Income
1 900
1 900
1 900
1 900
Total tax
569
636
800
626
After tax
1 331
1 264
1 100
1 274
Living cost
541
541
541
541
Free-cash
790
723
559
733

Estimated living cost  is $541 per week

$405
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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$71
$519
$612
$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
-
-
-
1 900
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.

-
-
-
38
regional
-
-
-
87
health
-
-
-
4
city
-
-
-
20
national
-
-
-
24
pensions
-
-
-
175
total
-
-
-
348
Employee
1 100
-
1 701
-
unemployment
-
-
-
-
pensions
92
-
143
-
national
5
-
20
-
regional
36
-
75
-
city
12
-
18
-
health
2
-
4
-
total
147
-
260
-
Employer
1 100
-
1 701
-
health
2
-
4
-
pensions
92
-
143
-
unemployment
-
-
-
-
other

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

22
-
34
-
total
116
-
181
-
Corporate
671
1 900
-
-
regional
142
402
-
-
national
57
161
-
-
total
199
563
-
-
Dividends
472
1 337
-
-
withholding
165
468
-
-
total
165
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
627
1 031
441
348
After tax
1 273
869
1 459
1 552
Living cost
940
940
940
940
Free-cash
333
-71
519
612

Estimated living cost  is $940 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$394
$677
$446
$587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
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.

-
-
-
566
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
231
total
-
-
-
909
Employee

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

714
-
1 900
-
surtax

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

5
-
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.

84
-
566
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
total
170
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 186
1 900
-
-
income
178
285
-
-
surtax

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

10
16
-
-
chamber of commerce
3
4
-
-
trade
203
326
-
-
total
394
631
-
-
Dividends
791
1 269
-
-
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
193
313
-
-
total
204
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
768
961
678
909
After tax
1 132
939
1 222
991
Living cost
545
545
545
545
Free-cash
587
394
677
446

Estimated living cost  is $545 per week

$398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$551
$659
$667
$617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
282
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
357
total
-
-
-
826
Employee
509
-
1 483
-
pensions
58
-
98
-
surtax
-
-
-
-
social contributions
15
-
42
-
income
30
-
277
-
total
103
-
417
-
Employer
509
-
1 483
-
health
36
-
131
-
pensions
84
-
166
-
unemployment
21
-
60
-
social contributions
2
-
4
-
other
18
-
56
-
total
161
-
417
-
Corporate
1 232
1 900
-
-
income
345
532
-
-
surtax
-
-
-
-
total
345
532
-
-
Dividends
887
1 368
-
-
surtax
-
-
-
-
social contributions
153
235
-
-
withholding
114
175
-
-
total
267
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
876
942
834
826
After tax
1 024
958
1 066
1 074
Living cost
407
407
407
407
Free-cash
617
551
659
667

Estimated living cost  is $407 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$592
$700
$708
$658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
282
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
357
total
-
-
-
826
Employee
454
-
1 483
-
pensions
51
-
98
-
surtax
-
-
-
-
social contributions
13
-
42
-
income
23
-
277
-
total
87
-
417
-
Employer
454
-
1 483
-
health
32
-
131
-
pensions
75
-
166
-
unemployment
18
-
60
-
social contributions
1
-
4
-
other
16
-
56
-
total
142
-
417
-
Corporate
1 304
1 900
-
-
income
365
532
-
-
surtax
-
-
-
-
total
365
532
-
-
Dividends
939
1 368
-
-
surtax
-
-
-
-
social contributions
162
235
-
-
withholding
120
175
-
-
total
282
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
876
942
834
826
After tax
1 024
958
1 066
1 074
Living cost
366
366
366
366
Free-cash
658
592
700
708

Estimated living cost  is $366 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$907
$935
$968
$914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
social contributions
-
-
-
262
health
-
-
-
133
total
-
-
-
680
Employee
403
-
1 900
-
social contributions
56
-
262
-
income
67
-
318
-
health
28
-
133
-
total
151
-
713
-
Employer
403
-
1 900
-
total
-
-
-
-
Corporate
1 497
1 900
-
-
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%.

75
95
-
-
total
75
95
-
-
Dividends
1 422
1 805
-
-
social contributions
196
249
-
-
withholding
213
271
-
-
health
99
126
-
-
total
508
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
734
741
713
680
After tax
1 166
1 159
1 187
1 220
Living cost
252
252
252
252
Free-cash
914
907
935
968

Estimated living cost  is $252 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$636
$81
$556
$615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
479
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
8
health
-
-
-
106
pensions
-
-
-
257
total
-
-
-
925
Employee
594
474
1 491
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
61
48
142
-
income
68
35
378
-
health
23
18
54
-
total
176
120
630
-
Employer
594
474
1 491
-
chamber of commerce
2
2
6
-
health
22
18
52
-
pensions
75
59
174
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
45
-
other
28
22
70
-
total
173
137
409
-
Corporate
1 133
1 288
1 445
-
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.

283
322
361
-
total
283
322
361
-
Dividends
850
966
-
-
withholding
234
266
-
-
total
234
266
-
-
Income
1 900
1 900
1 900
1 900
Total tax
866
845
1 400
925
After tax
1 034
1 055
500
975
Living cost
419
419
419
419
Free-cash
615
636
81
556

Estimated living cost  is $419 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$630
$248
$390
$455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal

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

-
-
-
96
social contributions
-
-
-
295
national
-
-
-
686
total
-
-
-
1 077
Employee

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

850
-
1 472
-
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
-
13
-
communal

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

44
-
77
-
pensions

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

64
-
110
-
national
261
-
523
-
health

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

40
-
69
-
total
416
-
792
-
Employer

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

850
-
1 472
-
health

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

52
-
90
-
pensions

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

75
-
130
-
accident

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

11
-
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.

12
-
21
-
surtax
96
-
167
-
total
246
-
427
-
Corporate
802
1 900
-
-
income
160
380
-
-
surtax
3
8
-
-
total
163
388
-
-
Dividends
639
1 512
-
-
withholding

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

187
449
-
-
total
187
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 012
837
1 219
1 077
After tax
888
1 063
681
823
Living cost
433
433
433
433
Free-cash
455
630
248
390

Estimated living cost  is $433 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$840
$589
$639
$753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
501
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
832
Employee
592
-
1 549
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
460
-
total
163
-
530
-
Employer
592
-
1 549
-
pensions
140
-
260
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
352
-
Corporate
1 120
1 900
-
-
income

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

168
285
-
-
total
168
285
-
-
Dividends
952
1 615
-
-
withholding
197
346
-
-
total
197
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
718
631
882
832
After tax
1 182
1 269
1 018
1 068
Living cost
429
429
429
429
Free-cash
753
840
589
639

Estimated living cost  is $429 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$477
$390
$315
$336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal
-
-
-
120
accident
-
-
-
16
income
-
-
-
290
surtax
-
-
-
94
health
-
-
-
134
pensions
-
-
-
285
total
-
-
-
939
Employee
900
-
1 697
-
pensions
72
-
136
-
surtax
55
-
104
-
income
87
-
345
-
health
40
-
76
-
total
254
-
661
-
Employer
900
-
1 697
-
health
27
-
52
-
pensions
72
-
136
-
accident
8
-
15
-
total
107
-
203
-
Corporate
892
1 900
-
-
communal
60
128
-
-
income
134
285
-
-
surtax
9
20
-
-
total
203
433
-
-
Dividends
689
1 467
-
-
income
251
124
-
-
withholding
103
220
-
-
total
354
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
918
777
864
939
After tax
982
1 123
1 036
961
Living cost
646
646
646
646
Free-cash
336
477
390
315

Estimated living cost  is $646 per week

$485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$928
$563
$635
$891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
493
other
-
-
-
-
surtax
-
-
-
72
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
317
total
-
-
-
998
Employee
400
-
1 570
-
other
-
-
-
-
unemployment
28
-
109
-
pensions
27
-
105
-
surtax
1
-
61
-
income
67
-
425
-
health
10
-
40
-
total
133
-
740
-
Employer
400
-
1 570
-
health
18
-
71
-
pensions
53
-
209
-
unemployment
13
-
50
-
other
-
-
-
-
total
84
-
330
-
Corporate
1 415
1 900
-
-
income
368
494
-
-
total
368
494
-
-
Dividends
1 047
1 406
-
-
withholding
157
211
-
-
total
157
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
742
705
1 070
998
After tax
1 158
1 195
830
902
Living cost
267
267
267
267
Free-cash
891
928
563
635

Estimated living cost  is $267 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$679
$507
$593
$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
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
29
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
987
Employee
659
-
1 900
-
municipal
3
-
10
-
national
104
-
396
-
regional
9
-
26
-
social contributions
222
-
641
-
total
338
-
1 073
-
Employer
659
-
1 900
-
total
-
-
-
-
Corporate
1 241
1 900
-
-
municipal
62
94
-
-
nationa
298
456
-
-
total
360
550
-
-
Dividends
881
1 350
-
-
withholding
229
351
-
-
total
229
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
927
901
1 073
987
After tax
973
999
827
913
Living cost
320
320
320
320
Free-cash
653
679
507
593

Estimated living cost  is $320 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$944
$601
$671
$814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
425
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
865
Employee
535
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
35
-
92
-
income
64
-
170
-
health
72
-
191
-
total
171
-
453
-
Employer
535
-
1 418
-
health
48
-
128
-
social contributions
134
-
354
-
total
182
-
482
-
Corporate
1 183
1 900
-
-
income
225
361
-
-
total
225
361
-
-
Dividends
958
1 539
-
-
withholding
144
231
-
-
total
144
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
722
592
935
865
After tax
1 178
1 308
965
1 035
Living cost
364
364
364
364
Free-cash
814
944
601
671

Estimated living cost  is $364 per week

$270
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.
$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 Prague model

Close
Graz , Austria
$678
$121
$598
$668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
479
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
8
health
-
-
-
106
pensions
-
-
-
257
total
-
-
-
923
Employee
520
474
1 493
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
53
48
142
-
income
46
35
379
-
health
20
18
54
-
total
140
120
631
-
Employer
520
474
1 493
-
chamber of commerce
2
2
6
-
health
20
18
52
-
pensions
65
59
174
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
45
-
other
25
22
70
-
total
151
135
407
-
Corporate
1 231
1 290
1 448
-
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.

308
322
362
-
total
308
322
362
-
Dividends
923
967
-
-
withholding
254
266
-
-
total
254
266
-
-
Income
1 900
1 900
1 900
1 900
Total tax
853
843
1 400
923
After tax
1 047
1 057
500
977
Living cost
379
379
379
379
Free-cash
668
678
121
598

Estimated living cost  is $379 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1653
$1368
$1729
$1624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
189
-
1 900
-
income
38
-
380
-
total
38
-
380
-
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%.

1 711
1 900
-
-
total
-
-
-
-
Dividends
1 711
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
124
95
380
19
After tax
1 776
1 805
1 520
1 881
Living cost
152
152
152
152
Free-cash
1 624
1 653
1 368
1 729

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
$989
$570
$619
$889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
425
unemployment
-
-
-
3
health
-
-
-
187
pensions
-
-
-
347
total
-
-
-
962
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.

526
-
1 644
-
unemployment
1
-
2
-
pensions
81
-
255
-
income
91
-
393
-
health
34
-
106
-
total
207
-
756
-
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.

526
-
1 644
-
health
35
-
109
-
pensions
47
-
145
-
unemployment
-
-
1
-
total
82
-
255
-
Corporate
1 293
1 900
-
-
income
246
361
-
-
total
246
361
-
-
Dividends
1 047
1 539
-
-
withholding
157
231
-
-
total
157
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
692
592
1 011
962
After tax
1 208
1 308
889
938
Living cost
319
319
319
319
Free-cash
889
989
570
619

Estimated living cost  is $319 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$635
$1220
$792
$62
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
370
social contributions
-
-
-
217
total
-
-
-
587
Employee
746
-
-
-
social contributions
61
-
9
-
income
165
-
-
-
total
226
-
9
-
Employer
746
-
-
-
social contributions
1 052
-
150
-
total
1 052
-
150
-
Corporate
101
1 900
-
-
income
22
418
-
-
total
22
418
-
-
Dividends
79
1 482
-
-
income
17
326
-
-
total
17
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 317
744
159
587
After tax
583
1 156
1 741
1 313
Living cost
521
521
521
521
Free-cash
62
635
1 220
792

Estimated living cost  is $521 per week

$338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$708
$512
$652
$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

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.

-
-
-
1 900
income
-
-
-
215
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
875
Employee
547
-
1 535
-
surtax
-
-
-
-
social contributions
60
-
169
-
income
114
-
481
-
total
174
-
650
-
Employer
547
-
1 535
-
social contributions
130
-
365
-
total
130
-
365
-
Corporate
1 223
1 900
-
-
income
257
399
-
-
surtax
-
-
-
-
total
257
399
-
-
Dividends
967
1 501
-
-
withholding
271
420
-
-
total
271
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
832
819
1 015
875
After tax
1 068
1 081
885
1 025
Living cost
373
373
373
373
Free-cash
695
708
512
652

Estimated living cost  is $373 per week

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

Source of data for Lisbon model

Close
Paris , France
$384
$492
$500
$467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
282
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
357
total
-
-
-
826
Employee
744
-
1 483
-
pensions
84
-
98
-
surtax
-
-
-
-
social contributions
21
-
42
-
income
65
-
277
-
total
170
-
417
-
Employer
744
-
1 483
-
health
52
-
131
-
pensions
122
-
166
-
unemployment
30
-
60
-
social contributions
2
-
4
-
other
26
-
56
-
total
232
-
417
-
Corporate
923
1 900
-
-
income
258
532
-
-
surtax
-
-
-
-
total
258
532
-
-
Dividends
665
1 368
-
-
surtax
-
-
-
-
social contributions
114
235
-
-
withholding
85
175
-
-
total
199
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
859
942
834
826
After tax
1 041
958
1 066
1 074
Living cost
574
574
574
574
Free-cash
467
384
492
500

Estimated living cost  is $574 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1353
$1099
$1049
$1313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
76
social contributions
-
-
-
418
total
-
-
-
494
Employee
382
-
1 645
-
income
-
-
82
-
social contributions
25
-
107
-
total
25
-
189
-
Employer
382
-
1 645
-
social contributions
59
-
255
-
total
59
-
255
-
Corporate
1 459
1 900
-
-
income
146
190
-
-
total
146
190
-
-
Dividends
1 313
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
230
190
444
494
After tax
1 670
1 710
1 456
1 406
Living cost
357
357
357
357
Free-cash
1 313
1 353
1 099
1 049

Estimated living cost  is $357 per week

$231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-$688
-$688
$560
-$688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
labour market
-
-
-
151
municipal
-
-
-
390
national
-
-
-
217
pensions
-
-
-
10
total
-
-
-
768
Employee
2 415
2 415
2 415
-
municipal
514
514
514
-
labour market
193
193
193
-
pensions
3
3
3
-
national
295
295
295
-
total
1 005
1 005
1 005
-
Employer
2 415
2 415
2 415
-
national
296
296
296
-
labour market
193
193
193
-
pensions
7
7
7
-
municipal
515
515
515
-
total
1 011
1 011
1 011
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
2 016
2 016
2 016
768
After tax
-116
-116
-116
1 132
Living cost
572
572
572
572
Free-cash
-688
-688
-688
560

Estimated living cost  is $572 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$107
$763
$1039
$113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
410
-
1 698
-
pensions
46
-
92
-
income
56
-
387
-
health
47
-
194
-
total
149
-
673
-
Employer
410
-
1 698
-
pensions
67
-
133
-
accident
7
-
28
-
unemployment
10
-
42
-
total
84
-
203
-
Corporate
1 406
1 900
-
-
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
1 710
-
-
total
1 266
1 710
-
-
Dividends
141
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 526
1 746
876
600
After tax
374
154
1 024
1 300
Living cost
261
261
261
261
Free-cash
113
-107
763
1 039

Estimated living cost  is $261 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$747
$554
$798
$773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 900
health
-
-
-
24
municipal
-
-
-
338
national
-
-
-
284
total
-
-
-
646
Employee
625
-
1 598
-
municipal
102
-
260
-
unemployment
9
-
24
-
pensions
42
-
108
-
national
10
-
177
-
health
5
-
20
-
total
168
-
589
-
Employer
625
-
1 598
-
health
5
-
12
-
pensions
108
-
277
-
accident
1
-
2
-
unemployment
4
-
10
-
total
118
-
301
-
Corporate
1 157
1 900
-
-
income
231
380
-
-
total
231
380
-
-
Dividends

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

694
1 140
-
-
municipal
125
205
-
-
national
29
112
-
-
total
154
317
-
-
Income
1 900
1 900
1 900
1 900
Total tax
671
697
890
646
After tax
1 229
1 203
1 010
1 254
Living cost
456
456
456
456
Free-cash
773
747
554
798

Estimated living cost  is $456 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1110
$1016
$1034
$1046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
351
social contributions
-
-
-
192
health
-
-
-
48
total
-
-
-
591
Employee
914
914
1 765
-
social contributions
35
76
102
-
income
100
85
342
-
health
7
16
30
-
total
142
177
474
-
Employer
914
914
1 765
-
health
8
17
33
-
social contributions
35
76
102
-
total
43
93
135
-
Corporate
1 441
893
-
-
income
180
112
-
-
total
180
112
-
-
Dividends
1 261
782
-
-
withholding
214
133
-
-
total
214
133
-
-
Income
1 900
1 900
1 900
1 900
Total tax
579
515
609
591
After tax
1 321
1 385
1 291
1 309
Living cost
275
275
275
275
Free-cash
1 046
1 110
1 016
1 034

Estimated living cost  is $275 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1384
$1162
$1400
$1324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 900
income
-
-
-
192
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
311
Employee

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

273
-
1 784
-
unemployment
1
-
6
-
pensions
41
-
169
-
income
19
-
162
-
health
23
-
96
-
total
84
-
433
-
Employer

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

273
-
1 784
-
health
12
-
48
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
116
-
Corporate
1 599
1 900
-
-
income
144
171
-
-
total
144
171
-
-
Dividends
1 455
1 729
-
-
withholding
131
156
-
-
total
131
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
387
327
549
311
After tax
1 513
1 573
1 351
1 589
Living cost
189
189
189
189
Free-cash
1 324
1 384
1 162
1 400

Estimated living cost  is $189 per week

$120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$942
$691
$741
$888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
501
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
832
Employee
440
-
1 549
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
460
-
total
113
-
530
-
Employer
440
-
1 549
-
pensions
104
-
260
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
352
-
Corporate
1 320
1 900
-
-
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
285
-
-
total
198
285
-
-
Dividends
1 122
1 615
-
-
withholding
233
346
-
-
total
233
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
685
631
882
832
After tax
1 215
1 269
1 018
1 068
Living cost
327
327
327
327
Free-cash
888
942
691
741

Estimated living cost  is $327 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1163
$1197
$1199
$1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
649
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
678
Employee
36
-
1 881
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
648
-
health
2
-
4
-
total
12
-
661
-
Employer
36
-
1 881
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 857
1 900
-
-
income
408
418
-
-
total
408
418
-
-
Dividends
1 448
1 482
-
-
withholding
290
296
-
-
total
290
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
718
714
680
678
After tax
1 182
1 186
1 220
1 222
Living cost
23
23
23
23
Free-cash
1 159
1 163
1 197
1 199

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1167
$937
$937
$1109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
425
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
228
total
-
-
-
757
Employee

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

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

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

310
-
1 743
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
425
-
health
16
-
45
-
total
104
-
600
-
Employer

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

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

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

310
-
1 743
-
health
16
-
45
-
pensions
37
-
105
-
unemployment
2
-
7
-
total
55
-
157
-
Corporate
1 534
1 900
-
-
income
230
285
-
-
total
230
285
-
-
Dividends
1 304
1 615
-
-
withholding
196
242
-
-
total
196
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
585
527
757
757
After tax
1 315
1 373
1 143
1 143
Living cost
206
206
206
206
Free-cash
1 109
1 167
937
937

Estimated living cost  is $206 per week

$138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$761
$565
$705
$756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
215
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
875
Employee
461
-
1 535
-
surtax
-
-
-
-
social contributions
51
-
169
-
income
90
-
481
-
total
141
-
650
-
Employer
461
-
1 535
-
social contributions
110
-
365
-
total
110
-
365
-
Corporate
1 329
1 900
-
-
income
279
399
-
-
surtax
-
-
-
-
total
279
399
-
-
Dividends
1 050
1 501
-
-
withholding
294
420
-
-
total
294
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
824
819
1 015
875
After tax
1 076
1 081
885
1 025
Living cost
320
320
320
320
Free-cash
756
761
565
705

Estimated living cost  is $320 per week

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

Source of data for Porto model

Close
Madrid , Spain
$851
$600
$650
$770
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
501
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
832
Employee
574
-
1 549
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
460
-
total
157
-
530
-
Employer
574
-
1 549
-
pensions
135
-
260
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
183
-
352
-
Corporate
1 143
1 900
-
-
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
285
-
-
total
171
285
-
-
Dividends
971
1 615
-
-
withholding
201
346
-
-
total
201
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
712
631
882
832
After tax
1 188
1 269
1 018
1 068
Living cost
418
418
418
418
Free-cash
770
851
600
650

Estimated living cost  is $418 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1421
$1372
$1300
$1347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
61
total
-
-
-
396
Employee
271
-
1 819
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
182
-
health
12
-
19
-
total
66
-
242
-
Employer
271
-
1 819
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
82
-
Corporate
1 576
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 419
1 710
-
-
withholding
71
85
-
-
total
71
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
349
275
324
396
After tax
1 551
1 625
1 576
1 504
Living cost
204
204
204
204
Free-cash
1 347
1 421
1 372
1 300

Estimated living cost  is $204 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$518
$763
$570
$674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
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.

-
-
-
566
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
193
total
-
-
-
871
Employee

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

591
-
1 900
-
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.

49
-
566
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
total
133
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 309
1 900
-
-
income
196
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
trade
188
273
-
-
total
399
579
-
-
Dividends
910
1 322
-
-
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
18
-
-
withholding
223
326
-
-
total
235
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
767
923
678
871
After tax
1 133
977
1 222
1 029
Living cost
459
459
459
459
Free-cash
674
518
763
570

Estimated living cost  is $459 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$653
$346
$346
$680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
564
social contributions
-
-
-
313
total
-
-
-
877
Employee
930
-
1 900
-
income
175
-
564
-
social contributions
77
-
313
-
total
252
-
877
-
Employer
930
-
1 900
-
total
-
-
-
-
Corporate
970
1 900
-
-
income
121
237
-
-
total
121
237
-
-
Dividends
849
1 663
-
-
withholding
170
333
-
-
total
170
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
543
570
877
877
After tax
1 357
1 330
1 023
1 023
Living cost
677
677
677
677
Free-cash
680
653
346
346

Estimated living cost  is $677 per week

$515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$741
$931
$1059
$782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
338
health

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

-
-
-
72
total
-
-
-
410
Employee
545
-
1 845
-
income
59
-
428
-
social contributions
55
-
55
-
total
114
-
483
-
Employer
545
-
1 845
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 300
1 900
-
-
income
455
665
-
-
total
455
665
-
-
Dividends
845
1 235
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 900
1 900
1 900
1 900
Total tax
687
728
538
410
After tax
1 213
1 172
1 362
1 490
Living cost
431
431
431
431
Free-cash
782
741
931
1 059

Estimated living cost  is $431 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$824
$660
$834
$894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
523
pensions
-
-
-
103
total
-
-
-
626
Employee
604
-
1 661
-
pensions
46
-
128
-
income
110
-
408
-
health
8
-
25
-
total
164
-
561
-
Employer
604
-
1 661
-
health
11
-
32
-
pensions
61
-
207
-
total
72
-
239
-
Corporate
1 224
1 900
-
-
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
361
-
-
total
233
361
-
-
Dividends
991
1 539
-
-
withholding
97
275
-
-
total
97
275
-
-
Income
1 900
1 900
1 900
1 900
Total tax
566
636
800
626
After tax
1 334
1 264
1 100
1 274
Living cost
440
440
440
440
Free-cash
894
824
660
834

Estimated living cost  is $440 per week

$302
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.
$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

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
-$133
$737
$1013
$108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
451
-
1 698
-
pensions
51
-
92
-
income
62
-
387
-
health
52
-
194
-
total
165
-
673
-
Employer
451
-
1 698
-
pensions
73
-
133
-
accident
8
-
28
-
unemployment
11
-
42
-
total
92
-
203
-
Corporate
1 357
1 900
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 222
1 710
-
-
total
1 222
1 710
-
-
Dividends
136
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 505
1 746
876
600
After tax
395
154
1 024
1 300
Living cost
287
287
287
287
Free-cash
108
-133
737
1 013

Estimated living cost  is $287 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1438
$1168
$906
$1383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
310
unemployment
-
-
-
23
work injury
-
-
-
9
health insurance
-
-
-
141
pensions
-
-
-
350
total
-
-
-
833
Employee

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

257
-
1 900
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
310
-
total
96
-
571
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 643
1 900
-
-
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
1 627
1 881
-
-
withholding
244
282
-
-
total
244
282
-
-
Income
1 900
1 900
1 900
1 900
Total tax
356
301
571
833
After tax
1 544
1 599
1 329
1 067
Living cost
161
161
161
161
Free-cash
1 383
1 438
1 168
906

Estimated living cost  is $161 per week

$99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$526
$340
$423
$473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
43
municipal
-
-
-
13
national
-
-
-
458
total
-
-
-
1 003
Employee
1 002
-
1 900
-
municipal
6
-
11
-
national
169
-
396
-
regional
15
-
38
-
social contributions
338
-
641
-
total
528
-
1 086
-
Employer
1 002
-
1 900
-
total
-
-
-
-
Corporate
898
1 900
-
-
municipal
43
92
-
-
nationa
216
456
-
-
total
259
548
-
-
Dividends
639
1 352
-
-
withholding
166
352
-
-
total
166
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
953
900
1 086
1 003
After tax
947
1 000
814
897
Living cost
474
474
474
474
Free-cash
473
526
340
423

Estimated living cost  is $474 per week

$333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Additional information

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Estimated living cost

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