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
$601
$864
$651
$732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
567
surtax

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

-
-
-
31
health

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

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

-
-
-
81
trade
-
-
-
213
total
-
-
-
892
Employee

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

451
-
1 900
-
surtax

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

1
-
31
-
income

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

13
-
567
-
health

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

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

81
-
81
-
total
95
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 449
1 900
-
-
income
217
285
-
-
surtax

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

12
16
-
-
chamber of commerce
4
5
-
-
trade
228
299
-
-
total
461
605
-
-
Dividends
987
1 296
-
-
surtax

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

13
18
-
-
withholding
242
319
-
-
total
255
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
811
942
679
892
After tax
1 089
958
1 221
1 008
Living cost
357
357
357
357
Free-cash
732
601
864
651

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Dresden model

Close
Reykjavik , Iceland
$553
$508
$494
$541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
20
municipal
-
-
-
206
national
-
-
-
319
pensions
-
-
-
228
total
-
-
-
773
Employee
981
-
1 643
-
municipal
121
-
213
-
pensions
39
-
66
-
national
188
-
331
-
total
348
-
610
-
Employer
981
-
1 643
-
pensions
79
-
131
-
social contributions
11
-
18
-
total
90
-
149
-
Corporate
765
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%.

153
380
-
-
total
153
380
-
-
Dividends
612
1 520
-
-
withholding
135
334
-
-
total
135
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
726
714
759
773
After tax
1 174
1 186
1 141
1 127
Living cost
633
633
633
633
Free-cash
541
553
508
494

Estimated living cost  is $633 per week

$430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$1274
$895
$395
$1178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 900
income
-
-
-
323
surtax
-
-
-
484
social contributions

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

-
-
-
452
microenterprise
-
-
-
-
total
-
-
-
1 259
Employee
345
-
1 389
-
surtax
-
-
-
-
social contributions

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

38
-
153
-
income
61
-
271
-
total
99
-
424
-
Employer
345
-
1 389
-
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.

83
-
335
-
surtax
-
-
-
-
total
83
-
335
-
Corporate
1 472
1 900
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

294
380
-
-
total
294
380
-
-
Dividends

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

1 178
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
476
380
759
1 259
After tax
1 424
1 520
1 141
641
Living cost
246
246
246
246
Free-cash
1 178
1 274
895
395

Estimated living cost  is $246 per week

$157
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$444
$674
$567
$372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
health
-
-
-
146
pensions
-
-
-
138
total
-
-
-
839
Employee
1 008
1 008
1 681
-
pensions
181
138
138
-
income

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

165
165
229
-
health
155
132
146
-
total
501
435
513
-
Employer
1 008
1 008
1 681
-
health
70
70
87
-
pensions
70
70
87
-
unemployment
36
36
45
-
total
176
176
219
-
Corporate
728
716
-
-
income
146
143
-
-
total
146
143
-
-
Dividends
583
573
-
-
income
124
122
-
-
withholding
87
86
-
-
total
211
208
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 034
962
732
839
After tax
866
938
1 168
1 061
Living cost
494
494
494
494
Free-cash
372
444
674
567

Estimated living cost  is $494 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$556
$496
$509
$545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
2
other
-
-
-
123
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
475
national
-
-
-
129
pensions
-
-
-
114
total
-
-
-
910
Employee
686
-
1 568
-
municipal
205
-
468
-
national
-
-
123
-
total
205
-
591
-
Employer
686
-
1 568
-
health
42
-
65
-
pensions
74
-
114
-
accident
1
-
2
-
unemployment
18
-
28
-
other
80
-
123
-
total
215
-
332
-
Corporate
998
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
874
863
923
910
After tax
1 026
1 037
977
990
Living cost
481
481
481
481
Free-cash
545
556
496
509

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
$484
$757
$535
$650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
567
surtax

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

-
-
-
31
health

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

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

-
-
-
81
trade
-
-
-
222
total
-
-
-
901
Employee

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

598
-
1 900
-
surtax

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

3
-
31
-
income

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

51
-
567
-
health

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

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

81
-
81
-
total
135
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 302
1 900
-
-
income
195
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
trade
214
313
-
-
total
424
619
-
-
Dividends
878
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
215
316
-
-
total
227
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
786
952
679
901
After tax
1 114
948
1 221
999
Living cost
464
464
464
464
Free-cash
650
484
757
535

Estimated living cost  is $464 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$1004
$906
$925
$955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
353
social contributions
-
-
-
191
health
-
-
-
48
total
-
-
-
592
Employee
907
907
1 766
-
social contributions
44
75
102
-
income
95
84
344
-
health
9
15
30
-
total
148
174
476
-
Employer
907
907
1 766
-
health
10
17
33
-
social contributions
44
75
102
-
total
54
92
135
-
Corporate
1 315
900
-
-
income
164
113
-
-
total
164
113
-
-
Dividends
1 151
788
-
-
withholding
196
134
-
-
total
196
134
-
-
Income
1 900
1 900
1 900
1 900
Total tax
562
513
611
592
After tax
1 338
1 387
1 289
1 308
Living cost
383
383
383
383
Free-cash
955
1 004
906
925

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$852
$886
$1101
$856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
232
unemployment
-
-
-
28
health
-
-
-
133
pensions
-
-
-
190
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.

312
124
1 590
-
unemployment
5
2
24
-
pensions
31
12
159
-
income
38
15
194
-
health
22
9
111
-
total
96
38
488
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

312
124
1 590
-
pensions
61
24
310
-
total
61
24
310
-
Corporate
1 527
1 752
-
-
income
137
158
-
-
total
137
158
-
-
Dividends
1 390
1 594
-
-
social contributions
270
309
-
-
withholding
264
303
-
-
total
534
612
-
-
Income
1 900
1 900
1 900
1 900
Total tax
828
832
798
583
After tax
1 072
1 068
1 102
1 317
Living cost
216
216
216
216
Free-cash
856
852
886
1 101

Estimated living cost  is $216 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$1235
$810
$733
$1161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
255
health
-
-
-
247
pensions
-
-
-
380
total
-
-
-
882
Employee
335
-
1 420
-
unemployment
5
-
23
-
pensions
7
-
28
-
income
38
-
274
-
total
50
-
325
-
Employer
335
-
1 420
-
health
44
-
185
-
pensions
67
-
284
-
unemployment
3
-
11
-
total
114
-
480
-
Corporate
1 452
1 900
-
-
income
290
380
-
-
total
290
380
-
-
Dividends
1 162
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
454
380
805
882
After tax
1 446
1 520
1 095
1 018
Living cost
285
285
285
285
Free-cash
1 161
1 235
810
733

Estimated living cost  is $285 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$109
$762
$1037
$113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
413
-
1 698
-
pensions
47
-
91
-
income
57
-
388
-
health
47
-
194
-
total
151
-
673
-
Employer
413
-
1 698
-
pensions
67
-
132
-
accident
7
-
28
-
unemployment
10
-
42
-
total
84
-
202
-
Corporate
1 402
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.

1 262
1 710
-
-
total
1 262
1 710
-
-
Dividends
140
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 524
1 746
875
600
After tax
376
154
1 025
1 300
Living cost
263
263
263
263
Free-cash
113
-109
762
1 037

Estimated living cost  is $263 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Gdansk model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
121
-
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%.

1 779
1 900
-
-
total
-
-
-
-
Dividends
1 779
1 900
-
-
withholding
89
95
-
-
total
89
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
113
95
380
19
After tax
1 787
1 805
1 520
1 881
Living cost
97
97
97
97
Free-cash
1 690
1 708
1 423
1 784

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1082
$768
$715
$1004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
276
other
-
-
-
85
health
-
-
-
79
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.

-
-
-
431
total
-
-
-
871
Employee
428
-
1 518
-
unemployment
4
-
15
-
pensions

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

30
-
106
-
income
74
-
294
-
health
6
-
21
-
total
114
-
436
-
Employer
428
-
1 518
-
health
6
-
21
-
pensions

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

73
-
258
-
accident
3
-
12
-
unemployment
4
-
15
-
other
21
-
76
-
total
107
-
382
-
Corporate
1 364
1 900
-
-
income
286
399
-
-
total
286
399
-
-
Dividends
1 077
1 501
-
-
withholding
75
105
-
-
total
75
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
582
504
818
871
After tax
1 318
1 396
1 082
1 029
Living cost
314
314
314
314
Free-cash
1 004
1 082
768
715

Estimated living cost  is $314 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$478
$315
$489
$479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
1 107
-
1 661
-
pensions
107
-
127
-
income
200
-
411
-
health
18
-
25
-
total
325
-
563
-
Employer
1 107
-
1 661
-
health
21
-
32
-
pensions
131
-
207
-
total
152
-
239
-
Corporate
641
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.

122
361
-
-
total
122
361
-
-
Dividends
519
1 539
-
-
withholding
39
278
-
-
total
39
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
638
639
802
628
After tax
1 262
1 261
1 098
1 272
Living cost
783
783
783
783
Free-cash
479
478
315
489

Estimated living cost  is $783 per week

$586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1469
$1423
$1350
$1417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
395
Employee
205
-
1 819
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
182
-
health
9
-
19
-
total
49
-
242
-
Employer
205
-
1 819
-
health
14
-
28
-
pensions

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

23
-
45
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
80
-
Corporate
1 655
1 900
-
-
income
165
190
-
-
total
165
190
-
-
Dividends
1 489
1 710
-
-
withholding
74
86
-
-
total
74
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
328
276
322
395
After tax
1 572
1 624
1 578
1 505
Living cost
155
155
155
155
Free-cash
1 417
1 469
1 423
1 350

Estimated living cost  is $155 per week

$90
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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$284
$514
$407
$315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
health
-
-
-
146
pensions
-
-
-
138
total
-
-
-
839
Employee
1 094
1 008
1 681
-
pensions
138
138
138
-
income

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

165
165
229
-
health
136
132
146
-
total
439
435
513
-
Employer
1 094
1 008
1 681
-
health
76
70
87
-
pensions
76
70
87
-
unemployment
39
36
45
-
total
191
176
219
-
Corporate
614
716
-
-
income
123
143
-
-
total
123
143
-
-
Dividends
491
573
-
-
income
104
122
-
-
withholding
74
86
-
-
total
178
208
-
-
Income
1 900
1 900
1 900
1 900
Total tax
931
962
732
839
After tax
969
938
1 168
1 061
Living cost
654
654
654
654
Free-cash
315
284
514
407

Estimated living cost  is $654 per week

$483
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1014
$671
$743
$909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
863
Employee
432
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
28
-
92
-
income
52
-
170
-
health
58
-
191
-
total
138
-
453
-
Employer
432
-
1 418
-
health
39
-
128
-
social contributions
108
-
354
-
total
147
-
482
-
Corporate
1 321
1 900
-
-
income
251
361
-
-
total
251
361
-
-
Dividends
1 070
1 539
-
-
withholding
161
231
-
-
total
161
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
697
592
935
863
After tax
1 203
1 308
965
1 037
Living cost
294
294
294
294
Free-cash
909
1 014
671
743

Estimated living cost  is $294 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$516
$334
$421
$453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
22
municipal
-
-
-
11
national
-
-
-
459
total
-
-
-
981
Employee
1 049
-
1 900
-
municipal
6
-
10
-
national
182
-
397
-
regional
10
-
20
-
social contributions
354
-
641
-
total
552
-
1 068
-
Employer
1 049
-
1 900
-
total
-
-
-
-
Corporate
851
1 900
-
-
municipal
33
74
-
-
nationa
204
456
-
-
total
237
530
-
-
Dividends
614
1 370
-
-
withholding
160
356
-
-
total
160
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
949
886
1 068
981
After tax
951
1 014
832
919
Living cost
498
498
498
498
Free-cash
453
516
334
421

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$935
$569
$641
$900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
496
other
-
-
-
-
surtax
-
-
-
73
unemployment
-
-
-
3
health
-
-
-
112
pensions
-
-
-
315
total
-
-
-
999
Employee
390
-
1 570
-
other
-
-
-
-
unemployment
27
-
109
-
pensions
26
-
105
-
surtax
1
-
61
-
income
65
-
426
-
health
10
-
40
-
total
129
-
741
-
Employer
390
-
1 570
-
health
18
-
71
-
pensions
52
-
209
-
unemployment
12
-
50
-
other
-
-
-
-
total
82
-
330
-
Corporate
1 428
1 900
-
-
income
371
494
-
-
total
371
494
-
-
Dividends
1 056
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
740
705
1 071
999
After tax
1 160
1 195
829
901
Living cost
260
260
260
260
Free-cash
900
935
569
641

Estimated living cost  is $260 per week

$159
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$726
$563
$737
$796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
742
-
1 661
-
pensions
63
-
127
-
income
134
-
411
-
health
11
-
25
-
total
208
-
563
-
Employer
742
-
1 661
-
health
14
-
32
-
pensions
80
-
207
-
total
94
-
239
-
Corporate
1 063
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.

202
361
-
-
total
202
361
-
-
Dividends
861
1 539
-
-
withholding
65
278
-
-
total
65
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
569
639
802
628
After tax
1 331
1 261
1 098
1 272
Living cost
535
535
535
535
Free-cash
796
726
563
737

Estimated living cost  is $535 per week

$401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$72
$519
$612
$333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other

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

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

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

22
-
34
-
total
116
-
181
-
Corporate
671
1 900
-
-
regional
142
402
-
-
national
57
162
-
-
total
199
564
-
-
Dividends
472
1 337
-
-
withholding
165
468
-
-
total
165
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
627
1 032
441
348
After tax
1 273
868
1 459
1 552
Living cost
940
940
940
940
Free-cash
333
-72
519
612

Estimated living cost  is $940 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$398
$680
$448
$589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
567
surtax

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

-
-
-
31
health

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

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

-
-
-
81
trade
-
-
-
232
total
-
-
-
911
Employee

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

709
-
1 900
-
surtax

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

5
-
31
-
income

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

83
-
567
-
health

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

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

81
-
81
-
total
169
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 191
1 900
-
-
income
179
285
-
-
surtax

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

10
16
-
-
chamber of commerce
3
4
-
-
trade
204
326
-
-
total
396
631
-
-
Dividends
795
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
194
313
-
-
total
205
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
770
961
679
911
After tax
1 130
939
1 221
989
Living cost
541
541
541
541
Free-cash
589
398
680
448

Estimated living cost  is $541 per week

$395
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$554
$661
$669
$625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
75
pensions
-
-
-
356
total
-
-
-
827
Employee
505
-
1 482
-
pensions
57
-
98
-
surtax
-
-
-
-
social contributions
14
-
42
-
income
30
-
278
-
total
101
-
418
-
Employer
505
-
1 482
-
health
35
-
131
-
pensions
83
-
166
-
unemployment
20
-
60
-
social contributions
2
-
4
-
other
17
-
56
-
total
157
-
417
-
Corporate
1 237
1 900
-
-
income
346
532
-
-
surtax
-
-
-
-
total
346
532
-
-
Dividends
891
1 368
-
-
surtax
-
-
-
-
social contributions
153
235
-
-
withholding
114
175
-
-
total
267
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
871
942
835
827
After tax
1 029
958
1 065
1 073
Living cost
404
404
404
404
Free-cash
625
554
661
669

Estimated living cost  is $404 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$594
$701
$709
$659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
283
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
75
pensions
-
-
-
356
total
-
-
-
827
Employee
451
-
1 482
-
pensions
51
-
98
-
surtax
-
-
-
-
social contributions
13
-
42
-
income
23
-
278
-
total
87
-
418
-
Employer
451
-
1 482
-
health
32
-
131
-
pensions
74
-
166
-
unemployment
18
-
60
-
social contributions
1
-
4
-
other
16
-
56
-
total
141
-
417
-
Corporate
1 308
1 900
-
-
income
366
532
-
-
surtax
-
-
-
-
total
366
532
-
-
Dividends
942
1 368
-
-
surtax
-
-
-
-
social contributions
162
235
-
-
withholding
121
175
-
-
total
283
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
877
942
835
827
After tax
1 023
958
1 065
1 073
Living cost
364
364
364
364
Free-cash
659
594
701
709

Estimated living cost  is $364 per week

$211
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.
$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 Marseille model

Close
Vilnius , Lithuania
$909
$936
$970
$915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
social contributions
-
-
-
262
health
-
-
-
133
total
-
-
-
680
Employee
400
-
1 900
-
social contributions
55
-
262
-
income
67
-
319
-
health
28
-
133
-
total
150
-
714
-
Employer
400
-
1 900
-
total
-
-
-
-
Corporate
1 500
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
1 425
1 805
-
-
social contributions
197
249
-
-
withholding
214
271
-
-
health
99
126
-
-
total
510
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
735
741
714
680
After tax
1 165
1 159
1 186
1 220
Living cost
250
250
250
250
Free-cash
915
909
936
970

Estimated living cost  is $250 per week

$167
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$638
$85
$559
$618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
483
surtax
-
-
-
2
unemployment
-
-
-
72
chamber of commerce
-
-
-
8
health
-
-
-
105
pensions
-
-
-
255
total
-
-
-
925
Employee
590
470
1 493
-
other
6
5
14
-
unemployment
18
14
41
-
pensions
60
48
141
-
income
67
35
381
-
health
23
18
53
-
total
174
120
630
-
Employer
590
470
1 493
-
chamber of commerce
2
2
6
-
health
22
18
52
-
pensions
74
59
173
-
accident
8
6
18
-
unemployment
18
14
41
-
surtax
2
2
2
-
payroll
18
14
45
-
other
28
22
70
-
total
172
137
407
-
Corporate
1 138
1 292
1 448
-
income

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

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

285
323
362
-
total
285
323
362
-
Dividends
854
969
-
-
withholding
235
266
-
-
total
235
266
-
-
Income
1 900
1 900
1 900
1 900
Total tax
866
846
1 399
925
After tax
1 034
1 054
501
975
Living cost
416
416
416
416
Free-cash
618
638
85
559

Estimated living cost  is $416 per week

$277
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.
$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

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
$633
$250
$393
$456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal

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

-
-
-
96
social contributions
-
-
-
294
national
-
-
-
687
total
-
-
-
1 077
Employee

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

844
-
1 472
-
unemployment

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

7
-
13
-
communal

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

44
-
77
-
pensions

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

63
-
110
-
national
260
-
524
-
health

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

40
-
69
-
total
414
-
793
-
Employer

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

844
-
1 472
-
health

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

52
-
90
-
pensions

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

75
-
130
-
accident

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

11
-
19
-
unemployment

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

12
-
21
-
surtax
96
-
167
-
total
246
-
427
-
Corporate
810
1 900
-
-
income
162
380
-
-
surtax
3
8
-
-
total
165
388
-
-
Dividends
645
1 512
-
-
withholding

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

189
449
-
-
total
189
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 014
837
1 220
1 077
After tax
886
1 063
680
823
Living cost
430
430
430
430
Free-cash
456
633
250
393

Estimated living cost  is $430 per week

$277
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.
$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 Brussels model

Close
Barcelona , Spain
$843
$593
$641
$757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
504
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
833
Employee
587
-
1 551
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
51
-
income
124
-
463
-
total
162
-
532
-
Employer
587
-
1 551
-
pensions
139
-
258
-
accident
12
-
22
-
unemployment
32
-
60
-
other
5
-
9
-
total
188
-
349
-
Corporate
1 125
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.

169
285
-
-
total
169
285
-
-
Dividends
957
1 615
-
-
withholding
198
346
-
-
total
198
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
717
631
881
833
After tax
1 183
1 269
1 019
1 067
Living cost
426
426
426
426
Free-cash
757
843
593
641

Estimated living cost  is $426 per week

$314
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$481
$393
$319
$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
communal
-
-
-
120
accident
-
-
-
16
income
-
-
-
292
surtax
-
-
-
94
health
-
-
-
133
pensions
-
-
-
285
total
-
-
-
940
Employee
894
-
1 697
-
pensions
71
-
136
-
surtax
55
-
104
-
income
86
-
347
-
health
40
-
76
-
total
252
-
663
-
Employer
894
-
1 697
-
health
27
-
52
-
pensions
71
-
136
-
accident
8
-
15
-
total
106
-
203
-
Corporate
900
1 900
-
-
communal
61
128
-
-
income
135
285
-
-
surtax
9
20
-
-
total
205
433
-
-
Dividends
694
1 467
-
-
income
252
125
-
-
withholding
104
220
-
-
total
356
345
-
-
Income
1 900
1 900
1 900
1 900
Total tax
919
778
866
940
After tax
981
1 122
1 034
960
Living cost
641
641
641
641
Free-cash
340
481
393
319

Estimated living cost  is $641 per week

$481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$930
$564
$636
$891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
496
other
-
-
-
-
surtax
-
-
-
73
unemployment
-
-
-
3
health
-
-
-
112
pensions
-
-
-
315
total
-
-
-
999
Employee
397
-
1 570
-
other
-
-
-
-
unemployment
28
-
109
-
pensions
27
-
105
-
surtax
1
-
61
-
income
67
-
426
-
health
10
-
40
-
total
133
-
741
-
Employer
397
-
1 570
-
health
18
-
71
-
pensions
53
-
209
-
unemployment
13
-
50
-
other
-
-
-
-
total
84
-
330
-
Corporate
1 419
1 900
-
-
income
369
494
-
-
total
369
494
-
-
Dividends
1 050
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
744
705
1 071
999
After tax
1 156
1 195
829
901
Living cost
265
265
265
265
Free-cash
891
930
564
636

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$681
$508
$594
$654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
29
municipal
-
-
-
11
national
-
-
-
459
total
-
-
-
988
Employee
655
-
1 900
-
municipal
3
-
10
-
national
104
-
397
-
regional
9
-
26
-
social contributions
221
-
641
-
total
337
-
1 074
-
Employer
655
-
1 900
-
total
-
-
-
-
Corporate
1 245
1 900
-
-
municipal
62
94
-
-
nationa
299
456
-
-
total
361
550
-
-
Dividends
885
1 350
-
-
withholding
230
351
-
-
total
230
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
928
901
1 074
988
After tax
972
999
826
912
Living cost
318
318
318
318
Free-cash
654
681
508
594

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$946
$603
$675
$817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
863
Employee
532
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
35
-
92
-
income
64
-
170
-
health
72
-
191
-
total
171
-
453
-
Employer
532
-
1 418
-
health
48
-
128
-
social contributions
133
-
354
-
total
181
-
482
-
Corporate
1 187
1 900
-
-
income
225
361
-
-
total
225
361
-
-
Dividends
961
1 539
-
-
withholding
144
231
-
-
total
144
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
721
592
935
863
After tax
1 179
1 308
965
1 037
Living cost
362
362
362
362
Free-cash
817
946
603
675

Estimated living cost  is $362 per week

$269
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.
$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 Prague model

Close
Graz , Austria
$678
$126
$601
$672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
483
surtax
-
-
-
-
unemployment
-
-
-
72
chamber of commerce
-
-
-
8
health
-
-
-
105
pensions
-
-
-
255
total
-
-
-
923
Employee
516
470
1 495
-
other
5
5
14
-
unemployment
15
14
41
-
pensions
53
48
141
-
income
46
35
382
-
health
20
18
53
-
total
139
120
631
-
Employer
516
470
1 495
-
chamber of commerce
2
2
6
-
health
20
18
52
-
pensions
65
59
173
-
accident
7
6
18
-
unemployment
15
14
41
-
surtax
-
-
-
-
payroll
15
14
45
-
other
25
22
70
-
total
149
135
405
-
Corporate
1 236
1 294
1 450
-
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.

309
324
362
-
total
309
324
362
-
Dividends
927
971
-
-
withholding
255
267
-
-
total
255
267
-
-
Income
1 900
1 900
1 900
1 900
Total tax
852
846
1 398
923
After tax
1 048
1 054
502
977
Living cost
376
376
376
376
Free-cash
672
678
126
601

Estimated living cost  is $376 per week

$226
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.
$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

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
$1655
$1370
$1731
$1626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
188
-
1 900
-
income
38
-
380
-
total
38
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 712
1 900
-
-
total
-
-
-
-
Dividends
1 712
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
124
95
380
19
After tax
1 776
1 805
1 520
1 881
Living cost
150
150
150
150
Free-cash
1 626
1 655
1 370
1 731

Estimated living cost  is $150 per week

$102
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
$991
$570
$620
$892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 900
income
-
-
-
426
unemployment
-
-
-
3
health
-
-
-
187
pensions
-
-
-
347
total
-
-
-
963
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.

522
-
1 644
-
unemployment
1
-
2
-
pensions
81
-
255
-
income
90
-
394
-
health
34
-
106
-
total
206
-
757
-
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.

522
-
1 644
-
health
35
-
109
-
pensions
46
-
146
-
unemployment
-
-
1
-
total
81
-
256
-
Corporate
1 297
1 900
-
-
income
246
361
-
-
total
246
361
-
-
Dividends
1 050
1 539
-
-
withholding
158
231
-
-
total
158
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
691
592
1 013
963
After tax
1 209
1 308
887
937
Living cost
317
317
317
317
Free-cash
892
991
570
620

Estimated living cost  is $317 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$646
$1234
$803
$84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
370
social contributions
-
-
-
217
total
-
-
-
587
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 030
-
147
-
total
1 030
-
147
-
Corporate
139
1 900
-
-
income
31
418
-
-
total
31
418
-
-
Dividends
108
1 482
-
-
income
24
326
-
-
total
24
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 306
744
156
587
After tax
594
1 156
1 744
1 313
Living cost
510
510
510
510
Free-cash
84
646
1 234
803

Estimated living cost  is $510 per week

$331
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.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$711
$514
$654
$698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income
-
-
-
216
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
876
Employee
543
-
1 535
-
surtax
-
-
-
-
social contributions
60
-
169
-
income
113
-
482
-
total
173
-
651
-
Employer
543
-
1 535
-
social contributions
129
-
365
-
total
129
-
365
-
Corporate
1 228
1 900
-
-
income
258
399
-
-
surtax
-
-
-
-
total
258
399
-
-
Dividends
970
1 501
-
-
withholding
272
420
-
-
total
272
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
832
819
1 016
876
After tax
1 068
1 081
884
1 024
Living cost
370
370
370
370
Free-cash
698
711
514
654

Estimated living cost  is $370 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$388
$495
$503
$469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
75
pensions
-
-
-
356
total
-
-
-
827
Employee
739
-
1 482
-
pensions
84
-
98
-
surtax
-
-
-
-
social contributions
21
-
42
-
income
64
-
278
-
total
169
-
418
-
Employer
739
-
1 482
-
health
52
-
131
-
pensions
121
-
166
-
unemployment
30
-
60
-
social contributions
2
-
4
-
other
26
-
56
-
total
231
-
417
-
Corporate
930
1 900
-
-
income
260
532
-
-
surtax
-
-
-
-
total
260
532
-
-
Dividends
670
1 368
-
-
surtax
-
-
-
-
social contributions
115
235
-
-
withholding
86
175
-
-
total
201
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
861
942
835
827
After tax
1 039
958
1 065
1 073
Living cost
570
570
570
570
Free-cash
469
388
495
503

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1355
$1101
$1050
$1315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
77
social contributions
-
-
-
418
total
-
-
-
495
Employee
379
-
1 645
-
income
-
-
82
-
social contributions
25
-
107
-
total
25
-
189
-
Employer
379
-
1 645
-
social contributions
59
-
255
-
total
59
-
255
-
Corporate
1 462
1 900
-
-
income
146
190
-
-
total
146
190
-
-
Dividends
1 316
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
230
190
444
495
After tax
1 670
1 710
1 456
1 405
Living cost
355
355
355
355
Free-cash
1 315
1 355
1 101
1 050

Estimated living cost  is $355 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$668
-$668
$563
-$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
labour market
-
-
-
151
municipal
-
-
-
391
national
-
-
-
217
pensions
-
-
-
10
total
-
-
-
769
Employee
2 397
2 397
2 397
-
municipal
510
510
510
-
labour market
191
191
191
-
pensions
3
3
3
-
national
293
293
293
-
total
997
997
997
-
Employer
2 397
2 397
2 397
-
national
293
293
293
-
labour market
192
192
192
-
pensions
7
7
7
-
municipal
511
511
511
-
total
1 003
1 003
1 003
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
2 000
2 000
2 000
769
After tax
-100
-100
-100
1 131
Living cost
568
568
568
568
Free-cash
-668
-668
-668
563

Estimated living cost  is $568 per week

$389
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.
$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.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$105
$766
$1041
$113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
407
-
1 698
-
pensions
46
-
91
-
income
56
-
388
-
health
47
-
194
-
total
149
-
673
-
Employer
407
-
1 698
-
pensions
66
-
132
-
accident
7
-
28
-
unemployment
10
-
42
-
total
83
-
202
-
Corporate
1 410
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.

1 269
1 710
-
-
total
1 269
1 710
-
-
Dividends
141
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 528
1 746
875
600
After tax
372
154
1 025
1 300
Living cost
259
259
259
259
Free-cash
113
-105
766
1 041

Estimated living cost  is $259 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$749
$556
$798
$773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
health
-
-
-
24
municipal
-
-
-
338
national
-
-
-
287
total
-
-
-
649
Employee
621
-
1 598
-
municipal
102
-
260
-
unemployment
9
-
24
-
pensions
42
-
108
-
national
10
-
178
-
health
5
-
20
-
total
168
-
590
-
Employer
621
-
1 598
-
health
5
-
12
-
pensions
108
-
277
-
accident
1
-
2
-
unemployment
4
-
10
-
total
118
-
301
-
Corporate
1 162
1 900
-
-
income
232
380
-
-
total
232
380
-
-
Dividends

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

697
1 140
-
-
municipal
126
205
-
-
national
30
113
-
-
total
156
318
-
-
Income
1 900
1 900
1 900
1 900
Total tax
674
698
891
649
After tax
1 226
1 202
1 009
1 251
Living cost
453
453
453
453
Free-cash
773
749
556
798

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1114
$1016
$1035
$1049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
353
social contributions
-
-
-
191
health
-
-
-
48
total
-
-
-
592
Employee
907
907
1 766
-
social contributions
34
75
102
-
income
99
84
344
-
health
7
15
30
-
total
140
174
476
-
Employer
907
907
1 766
-
health
8
17
33
-
social contributions
34
75
102
-
total
42
92
135
-
Corporate
1 445
900
-
-
income
181
113
-
-
total
181
113
-
-
Dividends
1 264
788
-
-
withholding
215
134
-
-
total
215
134
-
-
Income
1 900
1 900
1 900
1 900
Total tax
578
513
611
592
After tax
1 322
1 387
1 289
1 308
Living cost
273
273
273
273
Free-cash
1 049
1 114
1 016
1 035

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1386
$1165
$1403
$1326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 900
income
-
-
-
192
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
75
total
-
-
-
310
Employee

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

271
-
1 785
-
unemployment
1
-
6
-
pensions
41
-
168
-
income
19
-
163
-
health
23
-
95
-
total
84
-
432
-
Employer

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

271
-
1 785
-
health
12
-
48
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
116
-
Corporate
1 601
1 900
-
-
income
144
171
-
-
total
144
171
-
-
Dividends
1 457
1 729
-
-
withholding
131
156
-
-
total
131
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
387
327
548
310
After tax
1 513
1 573
1 352
1 590
Living cost
187
187
187
187
Free-cash
1 326
1 386
1 165
1 403

Estimated living cost  is $187 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$944
$694
$742
$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
accident
-
-
-
10
income
-
-
-
504
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
833
Employee
436
-
1 551
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
51
-
income
84
-
463
-
total
112
-
532
-
Employer
436
-
1 551
-
pensions
103
-
258
-
accident
9
-
22
-
unemployment
24
-
60
-
other
3
-
9
-
total
139
-
349
-
Corporate
1 325
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.

199
285
-
-
total
199
285
-
-
Dividends
1 126
1 615
-
-
withholding
234
346
-
-
total
234
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
684
631
881
833
After tax
1 216
1 269
1 019
1 067
Living cost
325
325
325
325
Free-cash
891
944
694
742

Estimated living cost  is $325 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1163
$1196
$1198
$1158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
650
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
679
Employee
35
-
1 881
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
649
-
health
2
-
4
-
total
12
-
662
-
Employer
35
-
1 881
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 857
1 900
-
-
income
409
418
-
-
total
409
418
-
-
Dividends
1 448
1 482
-
-
withholding
290
296
-
-
total
290
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
719
714
681
679
After tax
1 181
1 186
1 219
1 221
Living cost
23
23
23
23
Free-cash
1 158
1 163
1 196
1 198

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1169
$939
$940
$1111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 900
income
-
-
-
426
unemployment
-
-
-
13
health
-
-
-
90
pensions
-
-
-
227
total
-
-
-
756
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.

308
-
1 744
-
unemployment
2
-
7
-
pensions
43
-
122
-
income
42
-
426
-
health
16
-
45
-
total
103
-
600
-
Employer

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

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

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

308
-
1 744
-
health
16
-
45
-
pensions
37
-
105
-
unemployment
2
-
7
-
total
55
-
157
-
Corporate
1 537
1 900
-
-
income
231
285
-
-
total
231
285
-
-
Dividends
1 306
1 615
-
-
withholding
196
242
-
-
total
196
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
585
527
757
756
After tax
1 315
1 373
1 143
1 144
Living cost
204
204
204
204
Free-cash
1 111
1 169
939
940

Estimated living cost  is $204 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$763
$566
$706
$759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income
-
-
-
216
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
876
Employee
458
-
1 535
-
surtax
-
-
-
-
social contributions
50
-
169
-
income
89
-
482
-
total
139
-
651
-
Employer
458
-
1 535
-
social contributions
109
-
365
-
total
109
-
365
-
Corporate
1 333
1 900
-
-
income
280
399
-
-
surtax
-
-
-
-
total
280
399
-
-
Dividends
1 053
1 501
-
-
withholding
295
420
-
-
total
295
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
823
819
1 016
876
After tax
1 077
1 081
884
1 024
Living cost
318
318
318
318
Free-cash
759
763
566
706

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$854
$604
$652
$773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
504
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
833
Employee
570
-
1 551
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
51
-
income
119
-
463
-
total
156
-
532
-
Employer
570
-
1 551
-
pensions
135
-
258
-
accident
11
-
22
-
unemployment
31
-
60
-
other
5
-
9
-
total
182
-
349
-
Corporate
1 148
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.

172
285
-
-
total
172
285
-
-
Dividends
976
1 615
-
-
withholding
202
346
-
-
total
202
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
712
631
881
833
After tax
1 188
1 269
1 019
1 067
Living cost
415
415
415
415
Free-cash
773
854
604
652

Estimated living cost  is $415 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1421
$1375
$1302
$1348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
395
Employee
269
-
1 819
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
182
-
health
12
-
19
-
total
66
-
242
-
Employer
269
-
1 819
-
health
19
-
28
-
pensions

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

30
-
45
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
80
-
Corporate
1 578
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 421
1 710
-
-
withholding
71
86
-
-
total
71
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
349
276
322
395
After tax
1 551
1 624
1 578
1 505
Living cost
203
203
203
203
Free-cash
1 348
1 421
1 375
1 302

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
$521
$765
$571
$676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
567
surtax

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

-
-
-
31
health

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

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

-
-
-
81
trade
-
-
-
194
total
-
-
-
873
Employee

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

587
-
1 900
-
surtax

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

3
-
31
-
income

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

48
-
567
-
health

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

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

81
-
81
-
total
132
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 313
1 900
-
-
income
197
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
trade
188
273
-
-
total
400
579
-
-
Dividends
913
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
224
326
-
-
total
236
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
768
923
679
873
After tax
1 132
977
1 221
1 027
Living cost
456
456
456
456
Free-cash
676
521
765
571

Estimated living cost  is $456 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$657
$350
$350
$684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
565
social contributions
-
-
-
313
total
-
-
-
878
Employee
923
-
1 900
-
income
174
-
565
-
social contributions
77
-
313
-
total
251
-
878
-
Employer
923
-
1 900
-
total
-
-
-
-
Corporate
977
1 900
-
-
income
122
238
-
-
total
122
238
-
-
Dividends
855
1 662
-
-
withholding
171
333
-
-
total
171
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
544
571
878
878
After tax
1 356
1 329
1 022
1 022
Living cost
672
672
672
672
Free-cash
684
657
350
350

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$745
$934
$1064
$786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
336
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
-
-
-
408
Employee
541
-
1 846
-
income
59
-
430
-
social contributions
54
-
54
-
total
113
-
484
-
Employer
541
-
1 846
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 304
1 900
-
-
income
457
665
-
-
total
457
665
-
-
Dividends
848
1 235
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 900
1 900
1 900
1 900
Total tax
686
727
538
408
After tax
1 214
1 173
1 362
1 492
Living cost
428
428
428
428
Free-cash
786
745
934
1 064

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$826
$663
$837
$895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
597
-
1 661
-
pensions
46
-
127
-
income
109
-
411
-
health
8
-
25
-
total
163
-
563
-
Employer
597
-
1 661
-
health
11
-
32
-
pensions
60
-
207
-
total
71
-
239
-
Corporate
1 232
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.

234
361
-
-
total
234
361
-
-
Dividends
998
1 539
-
-
withholding
102
278
-
-
total
102
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
570
639
802
628
After tax
1 330
1 261
1 098
1 272
Living cost
435
435
435
435
Free-cash
895
826
663
837

Estimated living cost  is $435 per week

$298
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$131
$740
$1015
$111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
517
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
600
Employee
448
-
1 698
-
pensions
50
-
91
-
income
61
-
388
-
health
51
-
194
-
total
162
-
673
-
Employer
448
-
1 698
-
pensions
73
-
132
-
accident
7
-
28
-
unemployment
11
-
42
-
total
91
-
202
-
Corporate
1 361
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.

1 225
1 710
-
-
total
1 225
1 710
-
-
Dividends
136
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 504
1 746
875
600
After tax
396
154
1 025
1 300
Living cost
285
285
285
285
Free-cash
111
-131
740
1 015

Estimated living cost  is $285 per week

$209
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.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1440
$1171
$911
$1386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 900
income
-
-
-
311
unemployment
-
-
-
23
work injury
-
-
-
9
health insurance
-
-
-
140
pensions
-
-
-
347
total
-
-
-
830
Employee

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

255
-
1 900
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
173
-
income
25
-
311
-
total
95
-
570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 645
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
1 629
1 881
-
-
withholding
244
282
-
-
total
244
282
-
-
Income
1 900
1 900
1 900
1 900
Total tax
355
301
570
830
After tax
1 545
1 599
1 330
1 070
Living cost
159
159
159
159
Free-cash
1 386
1 440
1 171
911

Estimated living cost  is $159 per week

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

Source of data for Skopje model

Close
Rome , Italy
$530
$343
$426
$477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
43
municipal
-
-
-
13
national
-
-
-
459
total
-
-
-
1 004
Employee
994
-
1 900
-
municipal
6
-
11
-
national
168
-
397
-
regional
15
-
38
-
social contributions
335
-
641
-
total
524
-
1 087
-
Employer
994
-
1 900
-
total
-
-
-
-
Corporate
906
1 900
-
-
municipal
44
92
-
-
nationa
217
456
-
-
total
261
548
-
-
Dividends
645
1 352
-
-
withholding
168
352
-
-
total
168
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
953
900
1 087
1 004
After tax
947
1 000
813
896
Living cost
470
470
470
470
Free-cash
477
530
343
426

Estimated living cost  is $470 per week

$330
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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