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
$653
$607
$736
$867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
79
trade
-
-
-
214
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
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.

-
-
-
571
total
-
-
-
895
Employee

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

444
-
1 900
-
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.

79
-
79
-
surtax

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

1
-
31
-
income

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

12
-
571
-
total
92
-
681
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 456
1 900
-
-
trade
229
299
-
-
chamber of commerce
4
4
-
-
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
-
-
income
218
285
-
-
total
463
604
-
-
Dividends
992
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
244
319
-
-
total
257
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
812
941
681
895
After tax
1 088
959
1 219
1 005
Living cost
352
352
352
352
Free-cash
736
607
867
653

Estimated living cost  is $352 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$516
$578
$567
$531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
207
social contributions
-
-
-
20
national
-
-
-
320
pensions
-
-
-
228
total
-
-
-
775
Employee
943
-
1 643
-
pensions
38
-
66
-
national
181
-
332
-
municipal
117
-
214
-
total
336
-
612
-
Employer
943
-
1 643
-
pensions
75
-
131
-
social contributions
10
-
18
-
total
85
-
149
-
Corporate
809
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%.

162
380
-
-
total
162
380
-
-
Dividends
647
1 520
-
-
withholding
142
334
-
-
total
142
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
725
714
761
775
After tax
1 175
1 186
1 139
1 125
Living cost
608
608
608
608
Free-cash
567
578
531
516

Estimated living cost  is $608 per week

$414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
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.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$402
$1278
$1183
$536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
445
income
-
-
-
327
microenterprise
-
-
-
-
surtax
-
-
-
484
total
-
-
-
1 256
Employee
340
-
1 411
-
surtax
-
-
205
-
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.

37
-
152
-
income
60
-
276
-
total
97
-
633
-
Employer
340
-
1 411
-
surtax
-
-
155
-
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.

82
-
334
-
total
82
-
489
-
Corporate
1 479
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%.

296
380
-
-
total
296
380
-
-
Dividends

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

1 183
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
475
380
1 122
1 256
After tax
1 425
1 520
778
644
Living cost
242
242
242
242
Free-cash
1 183
1 278
536
402

Estimated living cost  is $242 per week

$154
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$573
$451
$380
$685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
143
pensions
-
-
-
136
income
-
-
-
561
total
-
-
-
840
Employee
992
992
1 684
-
health
152
130
143
-
pensions
179
136
136
-
income

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

162
162
233
-
total
493
428
512
-
Employer
992
992
1 684
-
health
69
69
86
-
pensions
69
69
86
-
unemployment
36
36
44
-
total
174
174
216
-
Corporate
746
734
-
-
income
149
147
-
-
total
149
147
-
-
Dividends
597
587
-
-
income
127
125
-
-
withholding
90
88
-
-
total
217
213
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 033
962
728
840
After tax
867
938
1 172
1 060
Living cost
487
487
487
487
Free-cash
380
451
685
573

Estimated living cost  is $487 per week

$345
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.
$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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$508
$556
$546
$497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
66
accident
-
-
-
2
other
-
-
-
122
municipal
-
-
-
476
pensions
-
-
-
114
national
-
-
-
130
unemployment
-
-
-
1
total
-
-
-
911
Employee
685
-
1 569
-
national
-
-
123
-
municipal
204
-
468
-
total
204
-
591
-
Employer
685
-
1 569
-
health
42
-
65
-
accident
1
-
2
-
pensions
74
-
114
-
other
80
-
122
-
unemployment
18
-
28
-
total
215
-
331
-
Corporate
999
1 900
-
-
income
220
418
-
-
total
220
418
-
-
Dividends
779
1 482
-
-
withholding
234
445
-
-
total
234
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
863
922
911
After tax
1 027
1 037
978
989
Living cost
481
481
481
481
Free-cash
546
556
497
508

Estimated living cost  is $481 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$538
$492
$653
$762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
79
trade
-
-
-
224
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
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.

-
-
-
571
total
-
-
-
905
Employee

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

589
-
1 900
-
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.

79
-
79
-
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.

51
-
571
-
total
133
-
681
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 311
1 900
-
-
trade
216
313
-
-
chamber of commerce
4
4
-
-
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
-
-
income
197
285
-
-
total
428
618
-
-
Dividends
884
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
217
316
-
-
total
229
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
790
951
681
905
After tax
1 110
949
1 219
995
Living cost
457
457
457
457
Free-cash
653
492
762
538

Estimated living cost  is $457 per week

$305
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.
$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 Hamburg model

Close
Limassol , Cyprus
$929
$1010
$962
$912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
48
social contributions
-
-
-
188
income
-
-
-
358
total
-
-
-
594
Employee
894
894
1 767
-
health
9
15
30
-
social contributions
43
74
100
-
income
94
83
348
-
total
146
172
478
-
Employer
894
894
1 767
-
health
10
17
33
-
social contributions
43
74
100
-
total
53
91
133
-
Corporate
1 324
916
-
-
income
165
114
-
-
total
165
114
-
-
Dividends
1 158
801
-
-
withholding
197
136
-
-
total
197
136
-
-
Income
1 900
1 900
1 900
1 900
Total tax
561
513
611
594
After tax
1 339
1 387
1 289
1 306
Living cost
377
377
377
377
Free-cash
962
1 010
912
929

Estimated living cost  is $377 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Limassol model

Close
Budapest , Hungary
$1106
$857
$862
$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
health
-
-
-
133
pensions
-
-
-
190
unemployment
-
-
-
28
income
-
-
-
232
total
-
-
-
583
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.

304
121
1 590
-
health
21
8
111
-
pensions
30
12
159
-
unemployment
5
2
24
-
income
37
15
194
-
total
93
37
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.

304
121
1 590
-
pensions
59
24
310
-
total
59
24
310
-
Corporate
1 536
1 755
-
-
income
138
158
-
-
total
138
158
-
-
Dividends
1 398
1 597
-
-
social contributions
271
310
-
-
withholding
266
303
-
-
total
537
613
-
-
Income
1 900
1 900
1 900
1 900
Total tax
827
832
798
583
After tax
1 073
1 068
1 102
1 317
Living cost
211
211
211
211
Free-cash
862
857
891
1 106

Estimated living cost  is $211 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$737
$1239
$1166
$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
health
-
-
-
247
pensions
-
-
-
380
income
-
-
-
255
total
-
-
-
882
Employee
330
-
1 420
-
pensions
7
-
28
-
unemployment
5
-
23
-
income
37
-
274
-
total
49
-
325
-
Employer
330
-
1 420
-
health
43
-
185
-
pensions
66
-
284
-
unemployment
3
-
11
-
total
112
-
480
-
Corporate
1 459
1 900
-
-
income
292
380
-
-
total
292
380
-
-
Dividends
1 167
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
453
380
805
882
After tax
1 447
1 520
1 095
1 018
Living cost
281
281
281
281
Free-cash
1 166
1 239
814
737

Estimated living cost  is $281 per week

$193
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.
$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 Tallinn model

Close
Gdansk , Poland
$1044
-$102
$115
$771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
25
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
48
income
-
-
-
520
total
-
-
-
600
Employee
403
-
1 702
-
health
46
-
195
-
pensions
45
-
89
-
income
55
-
391
-
total
146
-
675
-
Employer
403
-
1 702
-
accident
7
-
28
-
pensions
66
-
128
-
unemployment
10
-
42
-
total
83
-
198
-
Corporate
1 415
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.

1 273
1 710
-
-
total
1 273
1 710
-
-
Dividends
141
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 529
1 746
873
600
After tax
371
154
1 027
1 300
Living cost
256
256
256
256
Free-cash
115
-102
771
1 044

Estimated living cost  is $256 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1785
$1709
$1691
$1424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
120
-
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%.

1 780
1 900
-
-
total
-
-
-
-
Dividends
1 780
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
96
96
96
96
Free-cash
1 691
1 709
1 424
1 785

Estimated living cost  is $96 per week

$59
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
$725
$1086
$1007
$771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
78
other
-
-
-
84
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.

-
-
-
424
income
-
-
-
279
total
-
-
-
865
Employee
422
-
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.

30
-
106
-
unemployment
4
-
15
-
income
73
-
295
-
total
113
-
437
-
Employer
422
-
1 518
-
health
6
-
21
-
accident
3
-
12
-
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.

72
-
258
-
other
21
-
76
-
unemployment
4
-
15
-
total
106
-
382
-
Corporate
1 372
1 900
-
-
income
288
399
-
-
total
288
399
-
-
Dividends
1 084
1 501
-
-
withholding
76
105
-
-
total
76
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
583
504
819
865
After tax
1 317
1 396
1 081
1 035
Living cost
310
310
310
310
Free-cash
1 007
1 086
771
725

Estimated living cost  is $310 per week

$219
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$497
$485
$491
$324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
101
income
-
-
-
529
total
-
-
-
630
Employee
1 094
-
1 661
-
health
18
-
25
-
pensions
106
-
126
-
income
197
-
413
-
total
321
-
564
-
Employer
1 094
-
1 661
-
health
21
-
32
-
pensions
129
-
207
-
total
150
-
239
-
Corporate
656
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.

125
361
-
-
total
125
361
-
-
Dividends
532
1 539
-
-
withholding
40
281
-
-
total
40
281
-
-
Income
1 900
1 900
1 900
1 900
Total tax
636
642
803
630
After tax
1 264
1 258
1 097
1 270
Living cost
773
773
773
773
Free-cash
491
485
324
497

Estimated living cost  is $773 per week

$579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1354
$1472
$1419
$1428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
pensions

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

-
-
-
60
unemployment
-
-
-
2
income
-
-
-
285
total
-
-
-
394
Employee
201
-
1 821
-
health
9
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
income
20
-
182
-
total
49
-
241
-
Employer
201
-
1 821
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
unemployment
1
-
2
-
total
39
-
79
-
Corporate
1 659
1 900
-
-
income
166
190
-
-
total
166
190
-
-
Dividends
1 493
1 710
-
-
withholding
75
86
-
-
total
75
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
329
276
320
394
After tax
1 571
1 624
1 580
1 506
Living cost
152
152
152
152
Free-cash
1 419
1 472
1 428
1 354

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$416
$294
$324
$528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
143
pensions
-
-
-
136
income
-
-
-
561
total
-
-
-
840
Employee
1 077
992
1 684
-
health
134
130
143
-
pensions
136
136
136
-
income

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

162
162
233
-
total
432
428
512
-
Employer
1 077
992
1 684
-
health
75
69
86
-
pensions
75
69
86
-
unemployment
39
36
44
-
total
189
174
216
-
Corporate
634
734
-
-
income
127
147
-
-
total
127
147
-
-
Dividends
507
587
-
-
income
108
125
-
-
withholding
76
88
-
-
total
184
213
-
-
Income
1 900
1 900
1 900
1 900
Total tax
932
962
728
840
After tax
968
938
1 172
1 060
Living cost
644
644
644
644
Free-cash
324
294
528
416

Estimated living cost  is $644 per week

$475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$761
$1022
$921
$679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
257
social contributions
-
-
-
411
solidarity contribution
-
-
-
-
income
-
-
-
185
total
-
-
-
853
Employee
420
-
1 420
-
health
57
-
192
-
solidarity contribution
-
-
-
-
social contributions
27
-
92
-
income
50
-
171
-
total
134
-
455
-
Employer
420
-
1 420
-
health
38
-
128
-
social contributions
105
-
352
-
total
143
-
480
-
Corporate
1 337
1 900
-
-
income
254
361
-
-
total
254
361
-
-
Dividends
1 083
1 539
-
-
withholding
162
231
-
-
total
162
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
693
592
935
853
After tax
1 207
1 308
965
1 047
Living cost
286
286
286
286
Free-cash
921
1 022
679
761

Estimated living cost  is $286 per week

$199
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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$427
$524
$463
$340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
22
municipal
-
-
-
11
social contributions
-
-
-
489
national
-
-
-
461
total
-
-
-
983
Employee
1 033
-
1 900
-
regional
10
-
20
-
national
179
-
399
-
social contributions
348
-
641
-
municipal
5
-
10
-
total
542
-
1 070
-
Employer
1 033
-
1 900
-
total
-
-
-
-
Corporate
867
1 900
-
-
nationa
208
456
-
-
municipal
34
74
-
-
total
242
530
-
-
Dividends
625
1 370
-
-
withholding
163
356
-
-
total
163
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
947
886
1 070
983
After tax
953
1 014
830
917
Living cost
490
490
490
490
Free-cash
463
524
340
427

Estimated living cost  is $490 per week

$342
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.
$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.
$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 Milan model

Close
Thessaloniki , Greece
$645
$939
$904
$572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
110
other
-
-
-
-
pensions
-
-
-
310
unemployment
-
-
-
3
income
-
-
-
501
surtax
-
-
-
75
total
-
-
-
999
Employee
384
-
1 574
-
health
10
-
40
-
pensions
26
-
103
-
unemployment
27
-
108
-
surtax
1
-
62
-
income
64
-
432
-
other
-
-
-
-
total
128
-
745
-
Employer
384
-
1 574
-
health
17
-
71
-
pensions
51
-
207
-
other
-
-
-
-
unemployment
12
-
49
-
total
80
-
327
-
Corporate
1 435
1 900
-
-
income
373
494
-
-
total
373
494
-
-
Dividends
1 062
1 406
-
-
withholding
159
211
-
-
total
159
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
740
705
1 072
999
After tax
1 160
1 195
828
901
Living cost
256
256
256
256
Free-cash
904
939
572
645

Estimated living cost  is $256 per week

$157
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$742
$730
$805
$569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
101
income
-
-
-
529
total
-
-
-
630
Employee
733
-
1 661
-
health
11
-
25
-
pensions
62
-
126
-
income
132
-
413
-
total
205
-
564
-
Employer
733
-
1 661
-
health
14
-
32
-
pensions
79
-
207
-
total
93
-
239
-
Corporate
1 074
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.

204
361
-
-
total
204
361
-
-
Dividends
870
1 539
-
-
withholding
65
281
-
-
total
65
281
-
-
Income
1 900
1 900
1 900
1 900
Total tax
567
642
803
630
After tax
1 333
1 258
1 097
1 270
Living cost
528
528
528
528
Free-cash
805
730
569
742

Estimated living cost  is $528 per week

$396
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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$611
-$72
$332
$518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4
city
-
-
-
20
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
pensions
-
-
-
175
national
-
-
-
24
total
-
-
-
348
Employee
1 101
-
1 701
-
health
2
-
4
-
regional
36
-
75
-
pensions
92
-
143
-
unemployment
-
-
-
-
national
5
-
20
-
city
12
-
18
-
total
147
-
260
-
Employer
1 101
-
1 701
-
health
2
-
4
-
pensions
92
-
143
-
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
-
unemployment
-
-
-
-
total
116
-
181
-
Corporate
670
1 900
-
-
national
57
161
-
-
regional
142
402
-
-
total
199
563
-
-
Dividends
471
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
941
941
941
941
Free-cash
332
-72
518
611

Estimated living cost  is $941 per week

$612
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
$454
$407
$596
$687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
79
trade
-
-
-
233
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
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.

-
-
-
571
total
-
-
-
914
Employee

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

698
-
1 900
-
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.

79
-
79
-
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.

82
-
571
-
total
166
-
681
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 202
1 900
-
-
trade
206
326
-
-
chamber of commerce
3
4
-
-
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
-
-
income
180
285
-
-
total
399
631
-
-
Dividends
802
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
196
313
-
-
total
207
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
772
961
681
914
After tax
1 128
939
1 219
986
Living cost
532
532
532
532
Free-cash
596
407
687
454

Estimated living cost  is $532 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$675
$560
$630
$663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
76
other
-
-
-
59
pensions
-
-
-
353
social contributions
-
-
-
54
income
-
-
-
285
surtax
-
-
-
-
total
-
-
-
827
Employee
497
-
1 480
-
pensions
56
-
99
-
surtax
-
-
-
-
social contributions
14
-
42
-
income
29
-
279
-
total
99
-
420
-
Employer
497
-
1 480
-
health
35
-
132
-
pensions
82
-
167
-
other
17
-
56
-
social contributions
1
-
4
-
unemployment
20
-
60
-
total
155
-
419
-
Corporate
1 247
1 900
-
-
surtax
-
-
-
-
income
349
532
-
-
total
349
532
-
-
Dividends
898
1 368
-
-
social contributions
154
235
-
-
surtax
-
-
-
-
withholding
115
175
-
-
total
269
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
872
942
839
827
After tax
1 028
958
1 061
1 073
Living cost
398
398
398
398
Free-cash
630
560
663
675

Estimated living cost  is $398 per week

$251
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.
$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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$715
$600
$665
$703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
76
other
-
-
-
59
pensions
-
-
-
353
social contributions
-
-
-
54
income
-
-
-
285
surtax
-
-
-
-
total
-
-
-
827
Employee
444
-
1 480
-
pensions
50
-
99
-
surtax
-
-
-
-
social contributions
13
-
42
-
income
23
-
279
-
total
86
-
420
-
Employer
444
-
1 480
-
health
31
-
132
-
pensions
73
-
167
-
other
15
-
56
-
social contributions
1
-
4
-
unemployment
18
-
60
-
total
138
-
419
-
Corporate
1 317
1 900
-
-
surtax
-
-
-
-
income
369
532
-
-
total
369
532
-
-
Dividends
949
1 368
-
-
social contributions
163
235
-
-
surtax
-
-
-
-
withholding
121
175
-
-
total
284
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
877
942
839
827
After tax
1 023
958
1 061
1 073
Living cost
358
358
358
358
Free-cash
665
600
703
715

Estimated living cost  is $358 per week

$208
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.
$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 Marseille model

Close
Vilnius , Lithuania
$974
$913
$920
$939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
133
social contributions
-
-
-
262
income
-
-
-
285
total
-
-
-
680
Employee
394
-
1 900
-
health
27
-
133
-
social contributions
54
-
262
-
income
66
-
320
-
total
147
-
715
-
Employer
394
-
1 900
-
total
-
-
-
-
Corporate
1 506
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
1 431
1 805
-
-
social contributions
197
249
-
-
health
100
126
-
-
withholding
215
271
-
-
total
512
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
734
741
715
680
After tax
1 166
1 159
1 185
1 220
Living cost
246
246
246
246
Free-cash
920
913
939
974

Estimated living cost  is $246 per week

$165
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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$566
$644
$628
$92
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
104
pensions
-
-
-
251
unemployment
-
-
-
71
income
-
-
-
489
chamber of commerce
-
-
-
8
surtax
-
-
-
2
total
-
-
-
925
Employee
581
463
1 497
-
health
22
18
53
-
pensions
59
47
139
-
unemployment
17
14
41
-
income
66
34
386
-
other
6
5
14
-
total
170
118
633
-
Employer
581
463
1 497
-
payroll
17
14
45
-
health
22
18
51
-
surtax
2
2
2
-
accident
8
6
18
-
pensions
73
58
170
-
chamber of commerce
2
2
6
-
other
28
22
70
-
unemployment
17
14
41
-
total
169
136
403
-
Corporate
1 150
1 301
1 453
-
income

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

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

287
325
363
-
total
287
325
363
-
Dividends
862
976
-
-
withholding
237
268
-
-
total
237
268
-
-
Income
1 900
1 900
1 900
1 900
Total tax
863
847
1 399
925
After tax
1 037
1 053
501
975
Living cost
409
409
409
409
Free-cash
628
644
92
566

Estimated living cost  is $409 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$398
$639
$466
$254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
290
national
-
-
-
691
communal

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

-
-
-
97
total
-
-
-
1 078
Employee

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

831
-
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.

39
-
69
-
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.

62
-
110
-
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
-
national
256
-
525
-
communal

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

43
-
77
-
total
407
-
794
-
Employer

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

831
-
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.

51
-
91
-
surtax
94
-
167
-
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
-
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.

74
-
130
-
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
-
total
242
-
428
-
Corporate
827
1 900
-
-
surtax
3
8
-
-
income
165
380
-
-
total
168
388
-
-
Dividends
658
1 512
-
-
withholding

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

193
449
-
-
total
193
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 010
837
1 222
1 078
After tax
890
1 063
678
822
Living cost
424
424
424
424
Free-cash
466
639
254
398

Estimated living cost  is $424 per week

$273
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.
$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 Brussels model

Close
Barcelona , Spain
$647
$848
$765
$599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
pensions
-
-
-
305
unemployment
-
-
-
8
income
-
-
-
509
total
-
-
-
833
Employee
578
-
1 557
-
pensions
27
-
51
-
unemployment
9
-
17
-
other
1
-
1
-
income
122
-
469
-
total
159
-
538
-
Employer
578
-
1 557
-
accident
11
-
21
-
pensions
137
-
254
-
other
5
-
9
-
unemployment
32
-
59
-
total
185
-
343
-
Corporate
1 137
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
967
1 615
-
-
withholding
200
347
-
-
total
200
347
-
-
Income
1 900
1 900
1 900
1 900
Total tax
715
632
881
833
After tax
1 185
1 268
1 019
1 067
Living cost
420
420
420
420
Free-cash
765
848
599
647

Estimated living cost  is $420 per week

$309
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$323
$489
$347
$399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
134
accident
-
-
-
16
pensions
-
-
-
285
communal
-
-
-
120
income
-
-
-
296
surtax
-
-
-
94
total
-
-
-
945
Employee
880
-
1 697
-
health
39
-
76
-
pensions
70
-
136
-
surtax
54
-
104
-
income
85
-
350
-
total
248
-
666
-
Employer
880
-
1 697
-
health
27
-
52
-
accident
8
-
15
-
pensions
70
-
136
-
total
105
-
203
-
Corporate
915
1 900
-
-
communal
62
128
-
-
surtax
10
20
-
-
income
137
285
-
-
total
209
433
-
-
Dividends
706
1 467
-
-
income
253
126
-
-
withholding
106
220
-
-
total
359
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
921
779
869
945
After tax
979
1 121
1 031
955
Living cost
632
632
632
632
Free-cash
347
489
399
323

Estimated living cost  is $632 per week

$474
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.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$640
$934
$898
$567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
health
-
-
-
110
other
-
-
-
-
pensions
-
-
-
310
unemployment
-
-
-
3
income
-
-
-
501
surtax
-
-
-
75
total
-
-
-
999
Employee
391
-
1 574
-
health
10
-
40
-
pensions
26
-
103
-
unemployment
27
-
108
-
surtax
1
-
62
-
income
66
-
432
-
other
-
-
-
-
total
130
-
745
-
Employer
391
-
1 574
-
health
18
-
71
-
pensions
52
-
207
-
other
-
-
-
-
unemployment
12
-
49
-
total
82
-
327
-
Corporate
1 426
1 900
-
-
income
371
494
-
-
total
371
494
-
-
Dividends
1 055
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
741
705
1 072
999
After tax
1 159
1 195
828
901
Living cost
261
261
261
261
Free-cash
898
934
567
640

Estimated living cost  is $261 per week

$158
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$597
$686
$661
$511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
29
municipal
-
-
-
11
social contributions
-
-
-
489
national
-
-
-
461
total
-
-
-
990
Employee
645
-
1 900
-
regional
9
-
26
-
national
102
-
399
-
social contributions
217
-
641
-
municipal
3
-
10
-
total
331
-
1 076
-
Employer
645
-
1 900
-
total
-
-
-
-
Corporate
1 255
1 900
-
-
nationa
301
456
-
-
municipal
62
94
-
-
total
363
550
-
-
Dividends
892
1 350
-
-
withholding
232
351
-
-
total
232
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
926
901
1 076
990
After tax
974
999
824
910
Living cost
313
313
313
313
Free-cash
661
686
511
597

Estimated living cost  is $313 per week

$195
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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$695
$956
$830
$613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
health
-
-
-
257
social contributions
-
-
-
411
solidarity contribution
-
-
-
-
income
-
-
-
185
total
-
-
-
853
Employee
518
-
1 420
-
health
70
-
192
-
solidarity contribution
-
-
-
-
social contributions
34
-
92
-
income
62
-
171
-
total
166
-
455
-
Employer
518
-
1 420
-
health
47
-
128
-
social contributions
129
-
352
-
total
176
-
480
-
Corporate
1 206
1 900
-
-
income
229
361
-
-
total
229
361
-
-
Dividends
977
1 539
-
-
withholding
147
231
-
-
total
147
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
718
592
935
853
After tax
1 182
1 308
965
1 047
Living cost
352
352
352
352
Free-cash
830
956
613
695

Estimated living cost  is $352 per week

$262
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$606
$682
$678
$130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
health
-
-
-
104
pensions
-
-
-
251
unemployment
-
-
-
71
income
-
-
-
489
chamber of commerce
-
-
-
8
surtax
-
-
-
-
total
-
-
-
923
Employee
508
463
1 499
-
health
20
18
53
-
pensions
52
47
139
-
unemployment
15
14
41
-
income
45
34
387
-
other
5
5
14
-
total
137
118
634
-
Employer
508
463
1 499
-
payroll
15
14
45
-
health
19
18
51
-
surtax
-
-
-
-
accident
7
6
18
-
pensions
64
58
170
-
chamber of commerce
2
2
6
-
other
24
22
70
-
unemployment
15
14
41
-
total
146
134
401
-
Corporate
1 246
1 304
1 455
-
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.

311
326
364
-
total
311
326
364
-
Dividends
934
978
-
-
withholding
257
269
-
-
total
257
269
-
-
Income
1 900
1 900
1 900
1 900
Total tax
851
847
1 399
923
After tax
1 049
1 053
501
977
Living cost
371
371
371
371
Free-cash
678
682
130
606

Estimated living cost  is $371 per week

$222
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1732
$1656
$1628
$1371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
187
-
1 900
-
income
37
-
380
-
total
37
-
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%.

1 713
1 900
-
-
total
-
-
-
-
Dividends
1 713
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
123
95
380
19
After tax
1 777
1 805
1 520
1 881
Living cost
149
149
149
149
Free-cash
1 628
1 656
1 371
1 732

Estimated living cost  is $149 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$623
$996
$899
$573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
187
pensions
-
-
-
347
unemployment
-
-
-
3
income
-
-
-
428
total
-
-
-
965
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.

514
-
1 644
-
health
33
-
106
-
pensions
80
-
255
-
unemployment
1
-
2
-
income
89
-
396
-
total
203
-
759
-
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.

514
-
1 644
-
health
34
-
109
-
pensions
45
-
146
-
unemployment
-
-
1
-
total
79
-
256
-
Corporate
1 306
1 900
-
-
income
248
361
-
-
total
248
361
-
-
Dividends
1 058
1 539
-
-
withholding
159
231
-
-
total
159
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
689
592
1 015
965
After tax
1 211
1 308
885
935
Living cost
312
312
312
312
Free-cash
899
996
573
623

Estimated living cost  is $312 per week

$214
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$785
$628
$46
$1211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
217
income
-
-
-
370
total
-
-
-
587
Employee
757
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
757
-
-
-
social contributions
1 067
-
152
-
total
1 067
-
152
-
Corporate
77
1 900
-
-
income
17
418
-
-
total
17
418
-
-
Dividends
60
1 482
-
-
income
13
326
-
-
total
13
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 326
744
161
587
After tax
574
1 156
1 739
1 313
Living cost
528
528
528
528
Free-cash
46
628
1 211
785

Estimated living cost  is $528 per week

$342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$658
$716
$704
$517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
660
income
-
-
-
217
surtax
-
-
-
-
total
-
-
-
877
Employee
534
-
1 535
-
surtax
-
-
-
-
social contributions
59
-
169
-
income
111
-
484
-
total
170
-
653
-
Employer
534
-
1 535
-
social contributions
127
-
365
-
total
127
-
365
-
Corporate
1 239
1 900
-
-
surtax
-
-
-
-
income
260
399
-
-
total
260
399
-
-
Dividends
978
1 501
-
-
withholding
274
420
-
-
total
274
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
831
819
1 018
877
After tax
1 069
1 081
882
1 023
Living cost
364
364
364
364
Free-cash
704
716
517
658

Estimated living cost  is $364 per week

$273
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$512
$397
$476
$500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
health
-
-
-
76
other
-
-
-
59
pensions
-
-
-
353
social contributions
-
-
-
54
income
-
-
-
285
surtax
-
-
-
-
total
-
-
-
827
Employee
728
-
1 480
-
pensions
82
-
99
-
surtax
-
-
-
-
social contributions
21
-
42
-
income
64
-
279
-
total
167
-
420
-
Employer
728
-
1 480
-
health
51
-
132
-
pensions
120
-
167
-
other
25
-
56
-
social contributions
2
-
4
-
unemployment
29
-
60
-
total
227
-
419
-
Corporate
945
1 900
-
-
surtax
-
-
-
-
income
265
532
-
-
total
265
532
-
-
Dividends
680
1 368
-
-
social contributions
117
235
-
-
surtax
-
-
-
-
withholding
87
175
-
-
total
204
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
863
942
839
827
After tax
1 037
958
1 061
1 073
Living cost
561
561
561
561
Free-cash
476
397
500
512

Estimated living cost  is $561 per week

$380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1055
$1361
$1322
$1106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78
social contributions
-
-
-
418
total
-
-
-
496
Employee
374
-
1 645
-
social contributions
24
-
107
-
income
-
-
83
-
total
24
-
190
-
Employer
374
-
1 645
-
social contributions
58
-
255
-
total
58
-
255
-
Corporate
1 469
1 900
-
-
income
147
190
-
-
total
147
190
-
-
Dividends
1 322
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
229
190
445
496
After tax
1 671
1 710
1 455
1 404
Living cost
349
349
349
349
Free-cash
1 322
1 361
1 106
1 055

Estimated living cost  is $349 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$572
-$617
-$617
-$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
municipal
-
-
-
392
labour market
-
-
-
151
national
-
-
-
219
pensions
-
-
-
10
total
-
-
-
772
Employee
2 348
2 348
2 348
-
pensions
3
3
3
-
labour market
188
188
188
-
national
287
287
287
-
municipal
500
500
500
-
total
978
978
978
-
Employer
2 348
2 348
2 348
-
municipal
501
501
501
-
labour market
188
188
188
-
national
287
287
287
-
pensions
7
7
7
-
total
983
983
983
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 961
1 961
1 961
772
After tax
-61
-61
-61
1 128
Living cost
556
556
556
556
Free-cash
-617
-617
-617
572

Estimated living cost  is $556 per week

$381
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.
$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.
$118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1048
-$98
$115
$775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
health
-
-
-
25
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
48
income
-
-
-
520
total
-
-
-
600
Employee
397
-
1 702
-
health
45
-
195
-
pensions
45
-
89
-
income
54
-
391
-
total
144
-
675
-
Employer
397
-
1 702
-
accident
7
-
28
-
pensions
65
-
128
-
unemployment
10
-
42
-
total
82
-
198
-
Corporate
1 422
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.

1 280
1 710
-
-
total
1 280
1 710
-
-
Dividends
142
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 533
1 746
873
600
After tax
367
154
1 027
1 300
Living cost
252
252
252
252
Free-cash
115
-98
775
1 048

Estimated living cost  is $252 per week

$184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$801
$754
$778
$561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
291
total
-
-
-
653
Employee
611
-
1 598
-
health
5
-
20
-
pensions
41
-
108
-
unemployment
9
-
24
-
national
10
-
180
-
municipal
100
-
260
-
total
165
-
592
-
Employer
611
-
1 598
-
health
5
-
12
-
accident
1
-
2
-
pensions
106
-
277
-
unemployment
4
-
10
-
total
116
-
301
-
Corporate
1 173
1 900
-
-
income
235
380
-
-
total
235
380
-
-
Dividends

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

704
1 140
-
-
national
33
115
-
-
municipal
127
205
-
-
total
160
320
-
-
Income
1 900
1 900
1 900
1 900
Total tax
676
700
893
653
After tax
1 224
1 200
1 007
1 247
Living cost
446
446
446
446
Free-cash
778
754
561
801

Estimated living cost  is $446 per week

$291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1037
$1118
$1054
$1020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
48
social contributions
-
-
-
188
income
-
-
-
358
total
-
-
-
594
Employee
894
894
1 767
-
health
7
15
30
-
social contributions
34
74
100
-
income
97
83
348
-
total
138
172
478
-
Employer
894
894
1 767
-
health
8
17
33
-
social contributions
34
74
100
-
total
42
91
133
-
Corporate
1 452
916
-
-
income
181
114
-
-
total
181
114
-
-
Dividends
1 270
801
-
-
withholding
216
136
-
-
total
216
136
-
-
Income
1 900
1 900
1 900
1 900
Total tax
577
513
611
594
After tax
1 323
1 387
1 289
1 306
Living cost
269
269
269
269
Free-cash
1 054
1 118
1 020
1 037

Estimated living cost  is $269 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1407
$1388
$1329
$1173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
42
pensions
-
-
-
74
unemployment
-
-
-
-
income
-
-
-
192
total
-
-
-
308
Employee

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

267
-
1 786
-
health
23
-
94
-
pensions
40
-
165
-
unemployment
1
-
6
-
income
18
-
163
-
total
82
-
428
-
Employer

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

267
-
1 786
-
health
11
-
47
-
pensions
15
-
61
-
unemployment
1
-
6
-
total
27
-
114
-
Corporate
1 606
1 900
-
-
income
145
171
-
-
total
145
171
-
-
Dividends
1 461
1 729
-
-
withholding
132
156
-
-
total
132
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
386
327
542
308
After tax
1 514
1 573
1 358
1 592
Living cost
185
185
185
185
Free-cash
1 329
1 388
1 173
1 407

Estimated living cost  is $185 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$747
$948
$897
$699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
pensions
-
-
-
305
unemployment
-
-
-
8
income
-
-
-
509
total
-
-
-
833
Employee
430
-
1 557
-
pensions
20
-
51
-
unemployment
7
-
17
-
other
-
-
1
-
income
83
-
469
-
total
110
-
538
-
Employer
430
-
1 557
-
accident
9
-
21
-
pensions
101
-
254
-
other
3
-
9
-
unemployment
24
-
59
-
total
137
-
343
-
Corporate
1 333
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.

200
285
-
-
total
200
285
-
-
Dividends
1 133
1 615
-
-
withholding
236
347
-
-
total
236
347
-
-
Income
1 900
1 900
1 900
1 900
Total tax
683
632
881
833
After tax
1 217
1 268
1 019
1 067
Living cost
320
320
320
320
Free-cash
897
948
699
747

Estimated living cost  is $320 per week

$216
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1200
$1164
$1160
$1197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
12
pensions
-
-
-
16
income
-
-
-
650
total
-
-
-
678
Employee
33
-
1 882
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
income
6
-
650
-
total
11
-
662
-
Employer
33
-
1 882
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 859
1 900
-
-
income
409
418
-
-
total
409
418
-
-
Dividends
1 450
1 482
-
-
withholding
290
296
-
-
total
290
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
718
714
681
678
After tax
1 182
1 186
1 219
1 222
Living cost
22
22
22
22
Free-cash
1 160
1 164
1 197
1 200

Estimated living cost  is $22 per week

$13
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.
$0
Clothing and shoes. We estimate one pair of shoes and 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
$948
$1172
$1115
$949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
88
pensions
-
-
-
223
unemployment
-
-
-
13
income
-
-
-
427
total
-
-
-
751
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.

303
-
1 746
-
health
16
-
44
-
pensions
42
-
120
-
unemployment
2
-
6
-
income
42
-
427
-
total
102
-
597
-
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.

303
-
1 746
-
health
16
-
44
-
pensions
36
-
103
-
unemployment
2
-
6
-
total
54
-
153
-
Corporate
1 543
1 900
-
-
income
231
285
-
-
total
231
285
-
-
Dividends
1 312
1 615
-
-
withholding
197
242
-
-
total
197
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
584
527
750
751
After tax
1 316
1 373
1 150
1 149
Living cost
201
201
201
201
Free-cash
1 115
1 172
949
948

Estimated living cost  is $201 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Belgrade model

Close
Porto , Portugal
$710
$768
$763
$569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
660
income
-
-
-
217
surtax
-
-
-
-
total
-
-
-
877
Employee
451
-
1 535
-
surtax
-
-
-
-
social contributions
50
-
169
-
income
88
-
484
-
total
138
-
653
-
Employer
451
-
1 535
-
social contributions
107
-
365
-
total
107
-
365
-
Corporate
1 342
1 900
-
-
surtax
-
-
-
-
income
282
399
-
-
total
282
399
-
-
Dividends
1 060
1 501
-
-
withholding
297
420
-
-
total
297
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
824
819
1 018
877
After tax
1 076
1 081
882
1 023
Living cost
313
313
313
313
Free-cash
763
768
569
710

Estimated living cost  is $313 per week

$222
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$659
$860
$783
$611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
pensions
-
-
-
305
unemployment
-
-
-
8
income
-
-
-
509
total
-
-
-
833
Employee
561
-
1 557
-
pensions
26
-
51
-
unemployment
9
-
17
-
other
1
-
1
-
income
117
-
469
-
total
153
-
538
-
Employer
561
-
1 557
-
accident
11
-
21
-
pensions
132
-
254
-
other
4
-
9
-
unemployment
31
-
59
-
total
178
-
343
-
Corporate
1 160
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.

174
285
-
-
total
174
285
-
-
Dividends
986
1 615
-
-
withholding
204
347
-
-
total
204
347
-
-
Income
1 900
1 900
1 900
1 900
Total tax
709
632
881
833
After tax
1 191
1 268
1 019
1 067
Living cost
408
408
408
408
Free-cash
783
860
611
659

Estimated living cost  is $408 per week

$293
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1307
$1425
$1356
$1381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
pensions

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

-
-
-
60
unemployment
-
-
-
2
income
-
-
-
285
total
-
-
-
394
Employee
264
-
1 821
-
health
12
-
19
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
income
26
-
182
-
total
64
-
241
-
Employer
264
-
1 821
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
unemployment
2
-
2
-
total
52
-
79
-
Corporate
1 584
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 426
1 710
-
-
withholding
71
86
-
-
total
71
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
345
276
320
394
After tax
1 555
1 624
1 580
1 506
Living cost
199
199
199
199
Free-cash
1 356
1 425
1 381
1 307

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
$575
$528
$681
$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

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

-
-
-
1 900
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.

-
-
-
79
trade
-
-
-
195
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
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.

-
-
-
571
total
-
-
-
876
Employee

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

578
-
1 900
-
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.

79
-
79
-
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.

48
-
571
-
total
130
-
681
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 322
1 900
-
-
trade
190
273
-
-
chamber of commerce
4
5
-
-
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
-
-
income
198
285
-
-
total
403
579
-
-
Dividends
919
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
225
326
-
-
total
237
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
770
923
681
876
After tax
1 130
977
1 219
1 024
Living cost
449
449
449
449
Free-cash
681
528
770
575

Estimated living cost  is $449 per week

$309
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$356
$667
$693
$356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
568
social contributions
-
-
-
314
total
-
-
-
882
Employee
909
-
1 900
-
social contributions
76
-
314
-
income
172
-
568
-
total
248
-
882
-
Employer
909
-
1 900
-
total
-
-
-
-
Corporate
991
1 900
-
-
income
124
238
-
-
total
124
238
-
-
Dividends
867
1 662
-
-
withholding
173
333
-
-
total
173
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
545
571
882
882
After tax
1 355
1 329
1 018
1 018
Living cost
662
662
662
662
Free-cash
693
667
356
356

Estimated living cost  is $662 per week

$504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$1075
$752
$793
$939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
331
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
-
-
-
403
Employee
533
-
1 847
-
social contributions
53
-
53
-
income
58
-
433
-
total
111
-
486
-
Employer
533
-
1 847
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
1 313
1 900
-
-
income
460
665
-
-
total
460
665
-
-
Dividends
854
1 235
-
-
social contributions
61
61
-
-
total
61
61
-
-
Income
1 900
1 900
1 900
1 900
Total tax
685
726
539
403
After tax
1 215
1 174
1 361
1 497
Living cost
422
422
422
422
Free-cash
793
752
939
1 075

Estimated living cost  is $422 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$841
$829
$897
$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
pensions
-
-
-
101
income
-
-
-
529
total
-
-
-
630
Employee
589
-
1 661
-
health
8
-
25
-
pensions
45
-
126
-
income
107
-
413
-
total
160
-
564
-
Employer
589
-
1 661
-
health
11
-
32
-
pensions
60
-
207
-
total
71
-
239
-
Corporate
1 240
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.

236
361
-
-
total
236
361
-
-
Dividends
1 004
1 539
-
-
withholding
107
281
-
-
total
107
281
-
-
Income
1 900
1 900
1 900
1 900
Total tax
574
642
803
630
After tax
1 326
1 258
1 097
1 270
Living cost
429
429
429
429
Free-cash
897
829
668
841

Estimated living cost  is $429 per week

$295
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.
$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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$1023
-$123
$112
$750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
25
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
48
income
-
-
-
520
total
-
-
-
600
Employee
436
-
1 702
-
health
50
-
195
-
pensions
49
-
89
-
income
60
-
391
-
total
159
-
675
-
Employer
436
-
1 702
-
accident
7
-
28
-
pensions
71
-
128
-
unemployment
11
-
42
-
total
89
-
198
-
Corporate
1 375
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.

1 237
1 710
-
-
total
1 237
1 710
-
-
Dividends
137
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 511
1 746
873
600
After tax
389
154
1 027
1 300
Living cost
277
277
277
277
Free-cash
112
-123
750
1 023

Estimated living cost  is $277 per week

$204
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$923
$1442
$1388
$1176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health insurance
-
-
-
137
work injury
-
-
-
9
pensions
-
-
-
341
unemployment
-
-
-
22
income
-
-
-
311
total
-
-
-
820
Employee

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

251
-
1 900
-
pensions
46
-
171
-
work injury
1
-
5
-
unemployment
3
-
11
-
health insurance
19
-
69
-
income
25
-
311
-
total
94
-
567
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 649
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
1 633
1 881
-
-
withholding
245
282
-
-
total
245
282
-
-
Income
1 900
1 900
1 900
1 900
Total tax
355
301
567
820
After tax
1 545
1 599
1 333
1 080
Living cost
157
157
157
157
Free-cash
1 388
1 442
1 176
923

Estimated living cost  is $157 per week

$97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$431
$537
$486
$348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
43
municipal
-
-
-
13
social contributions
-
-
-
489
national
-
-
-
461
total
-
-
-
1 006
Employee
979
-
1 900
-
regional
15
-
38
-
national
165
-
399
-
social contributions
330
-
641
-
municipal
6
-
11
-
total
516
-
1 089
-
Employer
979
-
1 900
-
total
-
-
-
-
Corporate
921
1 900
-
-
nationa
221
456
-
-
municipal
44
92
-
-
total
265
548
-
-
Dividends
655
1 352
-
-
withholding
170
352
-
-
total
170
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
951
900
1 089
1 006
After tax
949
1 000
811
894
Living cost
463
463
463
463
Free-cash
486
537
348
431

Estimated living cost  is $463 per week

$325
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.
$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.
$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 Source

Source of data for Rome model

Close
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Estimated living cost

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