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
$865
$652
$602
$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.

-
-
-
568
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.

-
-
-
80
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
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.

450
-
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.

13
-
568
-
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
-
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.

80
-
80
-
total
94
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 450
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.

12
16
-
-
income
218
285
-
-
chamber of commerce
4
5
-
-
trade
228
299
-
-
total
462
605
-
-
Dividends
988
1 296
-
-
withholding
243
319
-
-
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
-
-
total
256
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
812
942
679
892
After tax
1 088
958
1 221
1 008
Living cost
356
356
356
356
Free-cash
732
602
865
652

Estimated living cost  is $356 per week

$224
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
$505
$490
$549
$538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
20
national
-
-
-
319
pensions
-
-
-
228
municipal
-
-
-
206
total
-
-
-
773
Employee
988
-
1 643
-
municipal
122
-
213
-
national
189
-
330
-
pensions
40
-
66
-
total
351
-
609
-
Employer
988
-
1 643
-
pensions
79
-
131
-
social contributions
11
-
18
-
total
90
-
149
-
Corporate
757
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%.

151
380
-
-
total
151
380
-
-
Dividends
606
1 520
-
-
withholding
133
334
-
-
total
133
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
725
714
758
773
After tax
1 175
1 186
1 142
1 127
Living cost
637
637
637
637
Free-cash
538
549
505
490

Estimated living cost  is $637 per week

$433
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.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$896
$396
$1275
$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
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.

-
-
-
451
income
-
-
-
324
microenterprise
-
-
-
-
surtax
-
-
-
484
total
-
-
-
1 259
Employee
344
-
1 390
-
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
-
surtax
-
-
-
-
total
99
-
424
-
Employer
344
-
1 390
-
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.

83
-
335
-
total
83
-
335
-
Corporate
1 474
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%.

295
380
-
-
total
295
380
-
-
Dividends

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

1 179
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
477
380
759
1 259
After tax
1 423
1 520
1 141
641
Living cost
245
245
245
245
Free-cash
1 178
1 275
896
396

Estimated living cost  is $245 per week

$156
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
$675
$568
$446
$374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
556
health
-
-
-
145
pensions
-
-
-
138
total
-
-
-
839
Employee
1 004
1 004
1 681
-
income

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

164
164
230
-
health
154
131
145
-
pensions
181
138
138
-
total
499
433
513
-
Employer
1 004
1 004
1 681
-
unemployment
36
36
45
-
pensions
70
70
87
-
health
70
70
87
-
total
176
176
219
-
Corporate
732
720
-
-
income
146
144
-
-
total
146
144
-
-
Dividends
586
576
-
-
withholding
88
86
-
-
income
124
122
-
-
total
212
208
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 033
961
732
839
After tax
867
939
1 168
1 061
Living cost
493
493
493
493
Free-cash
374
446
675
568

Estimated living cost  is $493 per week

$349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$504
$516
$566
$556
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
137
health
-
-
-
64
unemployment
-
-
-
1
other
-
-
-
120
pensions
-
-
-
112
municipal
-
-
-
477
total
-
-
-
913
Employee
672
-
1 575
-
municipal
200
-
470
-
national
-
-
130
-
total
200
-
600
-
Employer
672
-
1 575
-
other
78
-
120
-
unemployment
18
-
27
-
pensions
73
-
112
-
health
41
-
64
-
accident
1
-
2
-
total
211
-
325
-
Corporate
1 017
1 900
-
-
income
224
418
-
-
total
224
418
-
-
Dividends
794
1 482
-
-
withholding
238
445
-
-
total
238
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
863
925
913
After tax
1 027
1 037
975
987
Living cost
471
471
471
471
Free-cash
556
566
504
516

Estimated living cost  is $471 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Stockholm model

Close
Hamburg , Germany
$759
$536
$487
$652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
568
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.

-
-
-
80
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
trade
-
-
-
223
total
-
-
-
902
Employee

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

596
-
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.

51
-
568
-
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
-
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.

80
-
80
-
total
134
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 304
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.

11
16
-
-
income
196
285
-
-
chamber of commerce
4
4
-
-
trade
214
313
-
-
total
425
618
-
-
Dividends
879
1 282
-
-
withholding
215
316
-
-
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
-
-
total
227
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
786
951
679
902
After tax
1 114
949
1 221
998
Living cost
462
462
462
462
Free-cash
652
487
759
536

Estimated living cost  is $462 per week

$309
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$909
$927
$1006
$956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
354
health
-
-
-
48
total
-
-
-
592
Employee
904
904
1 766
-
social contributions
44
75
101
-
income
95
84
345
-
health
9
15
30
-
total
148
174
476
-
Employer
904
904
1 766
-
health
10
17
33
-
social contributions
44
75
101
-
total
54
92
134
-
Corporate
1 317
904
-
-
income
165
113
-
-
total
165
113
-
-
Dividends
1 152
791
-
-
withholding
196
134
-
-
total
196
134
-
-
Income
1 900
1 900
1 900
1 900
Total tax
563
513
610
592
After tax
1 337
1 387
1 290
1 308
Living cost
381
381
381
381
Free-cash
956
1 006
909
927

Estimated living cost  is $381 per week

$261
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$871
$1086
$838
$842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
133
unemployment
-
-
-
28
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.

333
133
1 590
-
income
41
16
194
-
health
23
9
111
-
pensions
33
13
159
-
unemployment
5
2
24
-
total
102
40
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.

333
133
1 590
-
pensions
65
26
310
-
total
65
26
310
-
Corporate
1 502
1 741
-
-
income
135
157
-
-
total
135
157
-
-
Dividends
1 366
1 585
-
-
withholding
260
301
-
-
social contributions
265
307
-
-
total
525
608
-
-
Income
1 900
1 900
1 900
1 900
Total tax
827
831
798
583
After tax
1 073
1 069
1 102
1 317
Living cost
231
231
231
231
Free-cash
842
838
871
1 086

Estimated living cost  is $231 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$811
$734
$1236
$1162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
334
-
1 420
-
income
38
-
274
-
pensions
7
-
28
-
unemployment
5
-
23
-
total
50
-
325
-
Employer
334
-
1 420
-
unemployment
3
-
11
-
pensions
67
-
284
-
health
43
-
185
-
total
113
-
480
-
Corporate
1 454
1 900
-
-
income
291
380
-
-
total
291
380
-
-
Dividends
1 163
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
284
284
284
284
Free-cash
1 162
1 236
811
734

Estimated living cost  is $284 per week

$195
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
$769
$1041
-$104
$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
-
-
-
519
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
601
Employee
405
-
1 701
-
income
56
-
390
-
health
46
-
195
-
pensions
46
-
89
-
total
148
-
674
-
Employer
405
-
1 701
-
unemployment
10
-
42
-
pensions
66
-
129
-
accident
7
-
28
-
total
83
-
199
-
Corporate
1 412
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.

1 271
1 710
-
-
total
1 271
1 710
-
-
Dividends
141
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 529
1 746
873
601
After tax
371
154
1 027
1 299
Living cost
258
258
258
258
Free-cash
113
-104
769
1 041

Estimated living cost  is $258 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1419
$1780
$1704
$1685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
126
-
1 900
-
income
25
-
380
-
total
25
-
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%.

1 774
1 900
-
-
total
-
-
-
-
Dividends
1 774
1 900
-
-
withholding
89
95
-
-
total
89
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
114
95
380
19
After tax
1 786
1 805
1 520
1 881
Living cost
101
101
101
101
Free-cash
1 685
1 704
1 419
1 780

Estimated living cost  is $101 per week

$62
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.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$769
$717
$1083
$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
-
-
-
277
health
-
-
-
79
other
-
-
-
85
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.

-
-
-
429
total
-
-
-
870
Employee
427
-
1 518
-
income
73
-
294
-
health
6
-
21
-
pensions

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

30
-
106
-
unemployment
4
-
15
-
total
113
-
436
-
Employer
427
-
1 518
-
other
21
-
76
-
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.

73
-
258
-
health
6
-
21
-
accident
3
-
12
-
total
107
-
382
-
Corporate
1 365
1 900
-
-
income
287
399
-
-
total
287
399
-
-
Dividends
1 079
1 501
-
-
withholding
76
105
-
-
total
76
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
583
504
818
870
After tax
1 317
1 396
1 082
1 030
Living cost
313
313
313
313
Free-cash
1 004
1 083
769
717

Estimated living cost  is $313 per week

$221
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
$310
$484
$474
$473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
524
pensions
-
-
-
103
total
-
-
-
627
Employee
1 117
-
1 661
-
income
201
-
409
-
health
18
-
25
-
pensions
108
-
128
-
total
327
-
562
-
Employer
1 117
-
1 661
-
pensions
132
-
207
-
health
21
-
32
-
total
153
-
239
-
Corporate
630
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.

120
361
-
-
total
120
361
-
-
Dividends
510
1 539
-
-
withholding
38
276
-
-
total
38
276
-
-
Income
1 900
1 900
1 900
1 900
Total tax
638
637
801
627
After tax
1 262
1 263
1 099
1 273
Living cost
789
789
789
789
Free-cash
473
474
310
484

Estimated living cost  is $789 per week

$591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1427
$1353
$1472
$1418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
unemployment
-
-
-
2
pensions

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

-
-
-
60
total
-
-
-
394
Employee
203
-
1 820
-
income
20
-
182
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
9
-
19
-
pensions

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

18
-
36
-
total
49
-
241
-
Employer
203
-
1 820
-
unemployment
1
-
2
-
pensions

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

22
-
45
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
39
-
79
-
Corporate
1 657
1 900
-
-
income
166
190
-
-
total
166
190
-
-
Dividends
1 492
1 710
-
-
withholding
75
85
-
-
total
75
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
329
275
320
394
After tax
1 571
1 625
1 580
1 506
Living cost
153
153
153
153
Free-cash
1 418
1 472
1 427
1 353

Estimated living cost  is $153 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$516
$409
$287
$316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
556
health
-
-
-
145
pensions
-
-
-
138
total
-
-
-
839
Employee
1 090
1 004
1 681
-
income

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

164
164
230
-
health
136
131
145
-
pensions
138
138
138
-
total
438
433
513
-
Employer
1 090
1 004
1 681
-
unemployment
39
36
45
-
pensions
76
70
87
-
health
76
70
87
-
total
191
176
219
-
Corporate
619
720
-
-
income
124
144
-
-
total
124
144
-
-
Dividends
495
576
-
-
withholding
74
86
-
-
income
105
122
-
-
total
179
208
-
-
Income
1 900
1 900
1 900
1 900
Total tax
932
961
732
839
After tax
968
939
1 168
1 061
Living cost
652
652
652
652
Free-cash
316
287
516
409

Estimated living cost  is $652 per week

$481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$672
$746
$1015
$910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
422
income
-
-
-
183
health
-
-
-
256
solidarity contribution
-
-
-
-
total
-
-
-
861
Employee
431
-
1 418
-
social contributions
28
-
92
-
income
52
-
170
-
health
58
-
191
-
solidarity contribution
-
-
-
-
total
138
-
453
-
Employer
431
-
1 418
-
health
39
-
128
-
social contributions
108
-
354
-
total
147
-
482
-
Corporate
1 322
1 900
-
-
income
251
361
-
-
total
251
361
-
-
Dividends
1 071
1 539
-
-
withholding
161
231
-
-
total
161
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
697
592
935
861
After tax
1 203
1 308
965
1 039
Living cost
293
293
293
293
Free-cash
910
1 015
672
746

Estimated living cost  is $293 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
$336
$422
$518
$457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
460
regional
-
-
-
22
municipal
-
-
-
11
total
-
-
-
982
Employee
1 045
-
1 900
-
social contributions
352
-
641
-
municipal
6
-
10
-
regional
10
-
20
-
national
181
-
397
-
total
549
-
1 068
-
Employer
1 045
-
1 900
-
total
-
-
-
-
Corporate
855
1 900
-
-
nationa
205
456
-
-
municipal
33
74
-
-
total
238
530
-
-
Dividends
616
1 370
-
-
withholding
160
356
-
-
total
160
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
947
886
1 068
982
After tax
953
1 014
832
918
Living cost
496
496
496
496
Free-cash
457
518
336
422

Estimated living cost  is $496 per week

$346
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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$568
$642
$935
$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
497
health
-
-
-
111
unemployment
-
-
-
3
other
-
-
-
-
pensions
-
-
-
314
surtax
-
-
-
73
total
-
-
-
998
Employee
389
-
1 570
-
income
65
-
427
-
surtax
1
-
61
-
health
10
-
40
-
pensions
26
-
105
-
unemployment
27
-
109
-
other
-
-
-
-
total
129
-
742
-
Employer
389
-
1 570
-
other
-
-
-
-
unemployment
12
-
50
-
pensions
52
-
209
-
health
18
-
71
-
total
82
-
330
-
Corporate
1 429
1 900
-
-
income
372
494
-
-
total
372
494
-
-
Dividends
1 058
1 406
-
-
withholding
159
211
-
-
total
159
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
742
705
1 072
998
After tax
1 158
1 195
828
902
Living cost
260
260
260
260
Free-cash
898
935
568
642

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
$560
$734
$724
$791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
524
pensions
-
-
-
103
total
-
-
-
627
Employee
748
-
1 661
-
income
135
-
409
-
health
11
-
25
-
pensions
64
-
128
-
total
210
-
562
-
Employer
748
-
1 661
-
pensions
81
-
207
-
health
14
-
32
-
total
95
-
239
-
Corporate
1 056
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.

201
361
-
-
total
201
361
-
-
Dividends
856
1 539
-
-
withholding
64
276
-
-
total
64
276
-
-
Income
1 900
1 900
1 900
1 900
Total tax
570
637
801
627
After tax
1 330
1 263
1 099
1 273
Living cost
539
539
539
539
Free-cash
791
724
560
734

Estimated living cost  is $539 per week

$404
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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$537
$630
-$51
$344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
city
-
-
-
20
health
-
-
-
4
national
-
-
-
25
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
pensions
-
-
-
175
regional
-
-
-
88
total
-
-
-
350
Employee
1 077
-
1 701
-
regional
35
-
76
-
health
2
-
4
-
national
5
-
21
-
pensions
90
-
143
-
unemployment
-
-
-
-
city
12
-
18
-
total
144
-
262
-
Employer
1 077
-
1 701
-
other

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

22
-
34
-
unemployment
-
-
-
-
pensions
90
-
143
-
health
2
-
4
-
total
114
-
181
-
Corporate
697
1 900
-
-
regional
147
402
-
-
national
59
161
-
-
total
206
563
-
-
Dividends
490
1 337
-
-
withholding
172
468
-
-
total
172
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
636
1 031
443
350
After tax
1 264
869
1 457
1 550
Living cost
920
920
920
920
Free-cash
344
-51
537
630

Estimated living cost  is $920 per week

$598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$83
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$682
$450
$400
$590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
568
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.

-
-
-
80
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
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.

707
-
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.

83
-
568
-
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
-
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.

80
-
80
-
total
168
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 193
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.

10
16
-
-
income
179
285
-
-
chamber of commerce
3
4
-
-
trade
205
326
-
-
total
397
631
-
-
Dividends
796
1 269
-
-
withholding
195
313
-
-
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
-
-
total
206
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
771
961
679
911
After tax
1 129
939
1 221
989
Living cost
539
539
539
539
Free-cash
590
400
682
450

Estimated living cost  is $539 per week

$393
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.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$662
$672
$556
$626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
54
income
-
-
-
283
health
-
-
-
75
other
-
-
-
59
pensions
-
-
-
355
surtax
-
-
-
-
total
-
-
-
826
Employee
503
-
1 482
-
social contributions
14
-
42
-
income
30
-
278
-
surtax
-
-
-
-
pensions
57
-
98
-
total
101
-
418
-
Employer
503
-
1 482
-
other
17
-
56
-
unemployment
20
-
60
-
pensions
83
-
166
-
health
35
-
132
-
social contributions
2
-
4
-
total
157
-
418
-
Corporate
1 240
1 900
-
-
surtax
-
-
-
-
income
347
532
-
-
total
347
532
-
-
Dividends
892
1 368
-
-
withholding
114
175
-
-
surtax
-
-
-
-
social contributions
153
235
-
-
total
267
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
872
942
836
826
After tax
1 028
958
1 064
1 074
Living cost
402
402
402
402
Free-cash
626
556
662
672

Estimated living cost  is $402 per week

$254
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
$702
$712
$596
$661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
54
income
-
-
-
283
health
-
-
-
75
other
-
-
-
59
pensions
-
-
-
355
surtax
-
-
-
-
total
-
-
-
826
Employee
449
-
1 482
-
social contributions
13
-
42
-
income
23
-
278
-
surtax
-
-
-
-
pensions
51
-
98
-
total
87
-
418
-
Employer
449
-
1 482
-
other
16
-
56
-
unemployment
18
-
60
-
pensions
74
-
166
-
health
31
-
132
-
social contributions
1
-
4
-
total
140
-
418
-
Corporate
1 310
1 900
-
-
surtax
-
-
-
-
income
367
532
-
-
total
367
532
-
-
Dividends
944
1 368
-
-
withholding
121
175
-
-
surtax
-
-
-
-
social contributions
162
235
-
-
total
283
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
877
942
836
826
After tax
1 023
958
1 064
1 074
Living cost
362
362
362
362
Free-cash
661
596
702
712

Estimated living cost  is $362 per week

$210
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
$937
$971
$910
$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
social contributions
-
-
-
262
income
-
-
-
285
health
-
-
-
133
total
-
-
-
680
Employee
399
-
1 900
-
social contributions
55
-
262
-
income
67
-
319
-
health
28
-
133
-
total
150
-
714
-
Employer
399
-
1 900
-
total
-
-
-
-
Corporate
1 501
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
1 426
1 805
-
-
health
100
126
-
-
withholding
214
271
-
-
social contributions
197
249
-
-
total
511
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
736
741
714
680
After tax
1 164
1 159
1 186
1 220
Living cost
249
249
249
249
Free-cash
915
910
937
971

Estimated living cost  is $249 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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$87
$561
$638
$620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
484
health
-
-
-
105
unemployment
-
-
-
72
pensions
-
-
-
254
surtax
-
-
-
2
chamber of commerce
-
-
-
8
total
-
-
-
925
Employee
588
469
1 494
-
income
67
35
382
-
health
23
18
53
-
pensions
60
48
141
-
unemployment
18
14
41
-
other
6
5
14
-
total
174
120
631
-
Employer
588
469
1 494
-
other
28
22
70
-
surtax
2
2
2
-
unemployment
18
14
41
-
pensions
74
59
172
-
payroll
18
14
45
-
health
22
18
52
-
accident
8
6
18
-
chamber of commerce
2
2
6
-
total
172
137
406
-
Corporate
1 141
1 294
1 449
-
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
324
362
-
total
285
324
362
-
Dividends
856
971
-
-
withholding
235
267
-
-
total
235
267
-
-
Income
1 900
1 900
1 900
1 900
Total tax
866
848
1 399
925
After tax
1 034
1 052
501
975
Living cost
414
414
414
414
Free-cash
620
638
87
561

Estimated living cost  is $414 per week

$276
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
$250
$394
$634
$457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
293
national
-
-
-
688
communal

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

-
-
-
96
total
-
-
-
1 077
Employee

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

841
-
1 472
-
communal

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

44
-
77
-
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
-
national
259
-
524
-
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
-
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
-
total
413
-
793
-
Employer

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

841
-
1 472
-
surtax
95
-
167
-
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
-
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
-
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
-
91
-
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
-
total
245
-
428
-
Corporate
814
1 900
-
-
surtax
3
8
-
-
income
163
380
-
-
total
166
388
-
-
Dividends
648
1 512
-
-
withholding

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

190
449
-
-
total
190
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 014
837
1 221
1 077
After tax
886
1 063
679
823
Living cost
429
429
429
429
Free-cash
457
634
250
394

Estimated living cost  is $429 per week

$276
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.
$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 Brussels model

Close
Barcelona , Spain
$594
$643
$844
$758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
505
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
308
total
-
-
-
832
Employee
585
-
1 553
-
income
124
-
464
-
pensions
28
-
51
-
unemployment
9
-
17
-
other
1
-
1
-
total
162
-
533
-
Employer
585
-
1 553
-
other
5
-
9
-
unemployment
32
-
60
-
pensions
138
-
257
-
accident
12
-
22
-
total
187
-
348
-
Corporate
1 128
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
959
1 615
-
-
withholding
199
346
-
-
total
199
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
717
631
881
832
After tax
1 183
1 269
1 019
1 068
Living cost
425
425
425
425
Free-cash
758
844
594
643

Estimated living cost  is $425 per week

$313
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
$394
$320
$483
$341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16
income
-
-
-
293
health
-
-
-
133
communal
-
-
-
120
pensions
-
-
-
285
surtax
-
-
-
94
total
-
-
-
941
Employee
891
-
1 697
-
income
86
-
348
-
surtax
55
-
104
-
health
40
-
76
-
pensions
71
-
136
-
total
252
-
664
-
Employer
891
-
1 697
-
pensions
71
-
136
-
health
27
-
52
-
accident
8
-
15
-
total
106
-
203
-
Corporate
903
1 900
-
-
surtax
9
20
-
-
income
135
285
-
-
communal
61
128
-
-
total
205
433
-
-
Dividends
697
1 467
-
-
withholding
105
220
-
-
income
252
125
-
-
total
357
345
-
-
Income
1 900
1 900
1 900
1 900
Total tax
920
778
867
941
After tax
980
1 122
1 033
959
Living cost
639
639
639
639
Free-cash
341
483
394
320

Estimated living cost  is $639 per week

$479
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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$564
$638
$931
$894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
497
health
-
-
-
111
unemployment
-
-
-
3
other
-
-
-
-
pensions
-
-
-
314
surtax
-
-
-
73
total
-
-
-
998
Employee
396
-
1 570
-
income
66
-
427
-
surtax
1
-
61
-
health
10
-
40
-
pensions
26
-
105
-
unemployment
28
-
109
-
other
-
-
-
-
total
131
-
742
-
Employer
396
-
1 570
-
other
-
-
-
-
unemployment
13
-
50
-
pensions
53
-
209
-
health
18
-
71
-
total
84
-
330
-
Corporate
1 421
1 900
-
-
income
369
494
-
-
total
369
494
-
-
Dividends
1 051
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
742
705
1 072
998
After tax
1 158
1 195
828
902
Living cost
264
264
264
264
Free-cash
894
931
564
638

Estimated living cost  is $264 per week

$159
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
$509
$594
$682
$657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
national
-
-
-
460
regional
-
-
-
29
municipal
-
-
-
11
total
-
-
-
989
Employee
652
-
1 900
-
social contributions
220
-
641
-
municipal
3
-
10
-
regional
9
-
26
-
national
103
-
397
-
total
335
-
1 074
-
Employer
652
-
1 900
-
total
-
-
-
-
Corporate
1 248
1 900
-
-
nationa
299
456
-
-
municipal
62
94
-
-
total
361
550
-
-
Dividends
886
1 350
-
-
withholding
230
351
-
-
total
230
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
926
901
1 074
989
After tax
974
999
826
911
Living cost
317
317
317
317
Free-cash
657
682
509
594

Estimated living cost  is $317 per week

$197
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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$604
$678
$947
$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
social contributions
-
-
-
422
income
-
-
-
183
health
-
-
-
256
solidarity contribution
-
-
-
-
total
-
-
-
861
Employee
532
-
1 418
-
social contributions
35
-
92
-
income
64
-
170
-
health
72
-
191
-
solidarity contribution
-
-
-
-
total
171
-
453
-
Employer
532
-
1 418
-
health
48
-
128
-
social contributions
133
-
354
-
total
181
-
482
-
Corporate
1 188
1 900
-
-
income
226
361
-
-
total
226
361
-
-
Dividends
962
1 539
-
-
withholding
144
231
-
-
total
144
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
722
592
935
861
After tax
1 178
1 308
965
1 039
Living cost
361
361
361
361
Free-cash
817
947
604
678

Estimated living cost  is $361 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
$126
$602
$679
$675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
484
health
-
-
-
105
unemployment
-
-
-
72
pensions
-
-
-
254
surtax
-
-
-
-
chamber of commerce
-
-
-
8
total
-
-
-
923
Employee
514
469
1 496
-
income
46
35
383
-
health
20
18
53
-
pensions
53
48
141
-
unemployment
15
14
41
-
other
5
5
14
-
total
139
120
632
-
Employer
514
469
1 496
-
other
24
22
70
-
surtax
-
-
-
-
unemployment
15
14
41
-
pensions
65
59
172
-
payroll
15
14
45
-
health
19
18
52
-
accident
7
6
18
-
chamber of commerce
2
2
6
-
total
147
135
404
-
Corporate
1 238
1 296
1 451
-
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
363
-
total
309
324
363
-
Dividends
929
972
-
-
withholding
255
267
-
-
total
255
267
-
-
Income
1 900
1 900
1 900
1 900
Total tax
850
846
1 399
923
After tax
1 050
1 054
501
977
Living cost
375
375
375
375
Free-cash
675
679
126
602

Estimated living cost  is $375 per week

$225
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
$1363
$1724
$1648
$1619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
196
-
1 900
-
income
39
-
380
-
total
39
-
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%.

1 704
1 900
-
-
total
-
-
-
-
Dividends
1 704
1 900
-
-
withholding
85
95
-
-
total
85
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
157
157
157
157
Free-cash
1 619
1 648
1 363
1 724

Estimated living cost  is $157 per week

$106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
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.
$39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$571
$621
$993
$893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
427
health
-
-
-
187
unemployment
-
-
-
3
pensions
-
-
-
347
total
-
-
-
964
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.

520
-
1 644
-
income
90
-
394
-
health
34
-
106
-
pensions
81
-
255
-
unemployment
1
-
2
-
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.

520
-
1 644
-
unemployment
-
-
1
-
pensions
46
-
146
-
health
35
-
110
-
total
81
-
257
-
Corporate
1 299
1 900
-
-
income
247
361
-
-
total
247
361
-
-
Dividends
1 052
1 539
-
-
withholding
158
231
-
-
total
158
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
692
592
1 014
964
After tax
1 208
1 308
886
936
Living cost
315
315
315
315
Free-cash
893
993
571
621

Estimated living cost  is $315 per week

$216
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
$1177
$759
$602
-$14
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
217
income
-
-
-
370
total
-
-
-
587
Employee
794
-
-
-
social contributions
65
-
9
-
income
175
-
-
-
total
240
-
9
-
Employer
794
-
-
-
social contributions
1 120
-
160
-
total
1 120
-
160
-
Corporate
-
1 900
-
-
income
-
418
-
-
total
-
418
-
-
Dividends
-
1 482
-
-
income
-
326
-
-
total
-
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 360
744
169
587
After tax
540
1 156
1 731
1 313
Living cost
554
554
554
554
Free-cash
-14
602
1 177
759

Estimated living cost  is $554 per week

$359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
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.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$515
$655
$712
$701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
social contributions

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

-
-
-
660
income
-
-
-
216
surtax
-
-
-
-
total
-
-
-
876
Employee
541
-
1 535
-
social contributions
59
-
169
-
income
113
-
482
-
surtax
-
-
-
-
total
172
-
651
-
Employer
541
-
1 535
-
social contributions
128
-
365
-
total
128
-
365
-
Corporate
1 231
1 900
-
-
surtax
-
-
-
-
income
258
399
-
-
total
258
399
-
-
Dividends
972
1 501
-
-
withholding
272
420
-
-
total
272
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
830
819
1 016
876
After tax
1 070
1 081
884
1 024
Living cost
369
369
369
369
Free-cash
701
712
515
655

Estimated living cost  is $369 per week

$276
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
$496
$506
$390
$471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
54
income
-
-
-
283
health
-
-
-
75
other
-
-
-
59
pensions
-
-
-
355
surtax
-
-
-
-
total
-
-
-
826
Employee
737
-
1 482
-
social contributions
21
-
42
-
income
64
-
278
-
surtax
-
-
-
-
pensions
83
-
98
-
total
168
-
418
-
Employer
737
-
1 482
-
other
25
-
56
-
unemployment
30
-
60
-
pensions
121
-
166
-
health
52
-
132
-
social contributions
2
-
4
-
total
230
-
418
-
Corporate
933
1 900
-
-
surtax
-
-
-
-
income
261
532
-
-
total
261
532
-
-
Dividends
672
1 368
-
-
withholding
86
175
-
-
surtax
-
-
-
-
social contributions
116
235
-
-
total
202
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
861
942
836
826
After tax
1 039
958
1 064
1 074
Living cost
568
568
568
568
Free-cash
471
390
496
506

Estimated living cost  is $568 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1102
$1052
$1356
$1316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
378
-
1 645
-
social contributions
25
-
107
-
income
-
-
82
-
total
25
-
189
-
Employer
378
-
1 645
-
social contributions
59
-
255
-
total
59
-
255
-
Corporate
1 463
1 900
-
-
income
146
190
-
-
total
146
190
-
-
Dividends
1 317
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
354
354
354
354
Free-cash
1 316
1 356
1 102
1 052

Estimated living cost  is $354 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
-$658
$565
-$658
-$658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
national
-
-
-
218
pensions
-
-
-
10
labour market
-
-
-
151
municipal
-
-
-
391
total
-
-
-
770
Employee
2 386
2 386
2 386
-
municipal
508
508
508
-
national
292
292
292
-
pensions
3
3
3
-
labour market
191
191
191
-
total
994
994
994
-
Employer
2 386
2 386
2 386
-
national
292
292
292
-
pensions
7
7
7
-
labour market
191
191
191
-
municipal
509
509
509
-
total
999
999
999
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 993
1 993
1 993
770
After tax
-93
-93
-93
1 130
Living cost
565
565
565
565
Free-cash
-658
-658
-658
565

Estimated living cost  is $565 per week

$387
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
$773
$1045
-$100
$114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
519
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
601
Employee
399
-
1 701
-
income
55
-
390
-
health
46
-
195
-
pensions
45
-
89
-
total
146
-
674
-
Employer
399
-
1 701
-
unemployment
10
-
42
-
pensions
65
-
129
-
accident
7
-
28
-
total
82
-
199
-
Corporate
1 419
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.

1 277
1 710
-
-
total
1 277
1 710
-
-
Dividends
142
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 532
1 746
873
601
After tax
368
154
1 027
1 299
Living cost
254
254
254
254
Free-cash
114
-100
773
1 045

Estimated living cost  is $254 per week

$185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$556
$798
$749
$774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
288
health
-
-
-
24
municipal
-
-
-
338
total
-
-
-
650
Employee
619
-
1 598
-
municipal
101
-
260
-
health
5
-
20
-
national
10
-
179
-
pensions
42
-
108
-
unemployment
9
-
24
-
total
167
-
591
-
Employer
619
-
1 598
-
unemployment
4
-
10
-
pensions
107
-
277
-
health
5
-
12
-
accident
1
-
2
-
total
117
-
301
-
Corporate
1 165
1 900
-
-
income
233
380
-
-
total
233
380
-
-
Dividends

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

699
1 140
-
-
municipal
126
205
-
-
national
31
114
-
-
total
157
319
-
-
Income
1 900
1 900
1 900
1 900
Total tax
674
699
892
650
After tax
1 226
1 201
1 008
1 250
Living cost
451
451
451
451
Free-cash
774
749
556
798

Estimated living cost  is $451 per week

$295
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.
$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
$1018
$1036
$1115
$1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
190
income
-
-
-
354
health
-
-
-
48
total
-
-
-
592
Employee
904
904
1 766
-
social contributions
34
75
101
-
income
98
84
345
-
health
7
15
30
-
total
139
174
476
-
Employer
904
904
1 766
-
health
8
17
33
-
social contributions
34
75
101
-
total
42
92
134
-
Corporate
1 446
904
-
-
income
181
113
-
-
total
181
113
-
-
Dividends
1 265
791
-
-
withholding
215
134
-
-
total
215
134
-
-
Income
1 900
1 900
1 900
1 900
Total tax
577
513
610
592
After tax
1 323
1 387
1 290
1 308
Living cost
272
272
272
272
Free-cash
1 051
1 115
1 018
1 036

Estimated living cost  is $272 per week

$163
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$1167
$1403
$1386
$1328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
43
unemployment
-
-
-
-
pensions
-
-
-
75
total
-
-
-
310
Employee

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

270
-
1 785
-
income
18
-
163
-
health
23
-
95
-
pensions
40
-
167
-
unemployment
1
-
6
-
total
82
-
431
-
Employer

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

270
-
1 785
-
unemployment
1
-
6
-
pensions
15
-
61
-
health
12
-
48
-
total
28
-
115
-
Corporate
1 602
1 900
-
-
income
144
171
-
-
total
144
171
-
-
Dividends
1 458
1 729
-
-
withholding
131
156
-
-
total
131
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
385
327
546
310
After tax
1 515
1 573
1 354
1 590
Living cost
187
187
187
187
Free-cash
1 328
1 386
1 167
1 403

Estimated living cost  is $187 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$696
$745
$946
$894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
505
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
308
total
-
-
-
832
Employee
435
-
1 553
-
income
84
-
464
-
pensions
20
-
51
-
unemployment
7
-
17
-
other
-
-
1
-
total
111
-
533
-
Employer
435
-
1 553
-
other
3
-
9
-
unemployment
24
-
60
-
pensions
103
-
257
-
accident
9
-
22
-
total
139
-
348
-
Corporate
1 327
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
1 128
1 615
-
-
withholding
234
346
-
-
total
234
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
683
631
881
832
After tax
1 217
1 269
1 019
1 068
Living cost
323
323
323
323
Free-cash
894
946
696
745

Estimated living cost  is $323 per week

$218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1201
$1204
$1166
$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
-
-
-
652
health
-
-
-
10
pensions
-
-
-
14
total
-
-
-
676
Employee
30
-
1 884
-
income
6
-
651
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
total
11
-
663
-
Employer
30
-
1 884
-
unemployment
1
-
1
-
pensions
3
-
8
-
health
3
-
7
-
total
7
-
16
-
Corporate
1 863
1 900
-
-
income
410
418
-
-
total
410
418
-
-
Dividends
1 453
1 482
-
-
withholding
291
296
-
-
total
291
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
719
714
679
676
After tax
1 181
1 186
1 221
1 224
Living cost
20
20
20
20
Free-cash
1 161
1 166
1 201
1 204

Estimated living cost  is $20 per week

$12
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$6
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$941
$943
$1170
$1112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
89
unemployment
-
-
-
13
pensions
-
-
-
226
total
-
-
-
754
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.

306
-
1 745
-
income
42
-
426
-
health
16
-
45
-
pensions
43
-
122
-
unemployment
2
-
7
-
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.

306
-
1 745
-
unemployment
2
-
7
-
pensions
37
-
104
-
health
16
-
45
-
total
55
-
156
-
Corporate
1 539
1 900
-
-
income
231
285
-
-
total
231
285
-
-
Dividends
1 308
1 615
-
-
withholding
196
242
-
-
total
196
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
585
527
756
754
After tax
1 315
1 373
1 144
1 146
Living cost
203
203
203
203
Free-cash
1 112
1 170
941
943

Estimated living cost  is $203 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
$567
$707
$764
$761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
social contributions

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

-
-
-
660
income
-
-
-
216
surtax
-
-
-
-
total
-
-
-
876
Employee
456
-
1 535
-
social contributions
50
-
169
-
income
89
-
482
-
surtax
-
-
-
-
total
139
-
651
-
Employer
456
-
1 535
-
social contributions
108
-
365
-
total
108
-
365
-
Corporate
1 335
1 900
-
-
surtax
-
-
-
-
income
280
399
-
-
total
280
399
-
-
Dividends
1 055
1 501
-
-
withholding
295
420
-
-
total
295
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
822
819
1 016
876
After tax
1 078
1 081
884
1 024
Living cost
317
317
317
317
Free-cash
761
764
567
707

Estimated living cost  is $317 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
$606
$655
$856
$774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
505
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
308
total
-
-
-
832
Employee
568
-
1 553
-
income
119
-
464
-
pensions
27
-
51
-
unemployment
9
-
17
-
other
1
-
1
-
total
156
-
533
-
Employer
568
-
1 553
-
other
5
-
9
-
unemployment
31
-
60
-
pensions
134
-
257
-
accident
11
-
22
-
total
181
-
348
-
Corporate
1 151
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.

173
285
-
-
total
173
285
-
-
Dividends
978
1 615
-
-
withholding
203
346
-
-
total
203
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
713
631
881
832
After tax
1 187
1 269
1 019
1 068
Living cost
413
413
413
413
Free-cash
774
856
606
655

Estimated living cost  is $413 per week

$297
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
$1379
$1305
$1424
$1353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
unemployment
-
-
-
2
pensions

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

-
-
-
60
total
-
-
-
394
Employee
266
-
1 820
-
income
27
-
182
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
12
-
19
-
pensions

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

23
-
36
-
total
65
-
241
-
Employer
266
-
1 820
-
unemployment
2
-
2
-
pensions

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

29
-
45
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
52
-
79
-
Corporate
1 582
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 423
1 710
-
-
withholding
71
85
-
-
total
71
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
346
275
320
394
After tax
1 554
1 625
1 580
1 506
Living cost
201
201
201
201
Free-cash
1 353
1 424
1 379
1 305

Estimated living cost  is $201 per week

$133
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
$767
$573
$523
$678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
568
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.

-
-
-
80
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
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.

585
-
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.

48
-
568
-
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
-
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.

80
-
80
-
total
131
-
679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 315
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.

11
16
-
-
income
197
285
-
-
chamber of commerce
4
5
-
-
trade
189
273
-
-
total
401
579
-
-
Dividends
914
1 322
-
-
withholding
224
326
-
-
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
-
-
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
454
454
454
454
Free-cash
678
523
767
573

Estimated living cost  is $454 per week

$313
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$351
$351
$661
$685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
566
social contributions
-
-
-
313
total
-
-
-
879
Employee
920
-
1 900
-
social contributions
76
-
313
-
income
174
-
566
-
total
250
-
879
-
Employer
920
-
1 900
-
total
-
-
-
-
Corporate
980
1 900
-
-
income
123
237
-
-
total
123
237
-
-
Dividends
858
1 663
-
-
withholding
172
332
-
-
total
172
332
-
-
Income
1 900
1 900
1 900
1 900
Total tax
545
569
879
879
After tax
1 355
1 331
1 021
1 021
Living cost
670
670
670
670
Free-cash
685
661
351
351

Estimated living cost  is $670 per week

$510
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$935
$1066
$746
$787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
335
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
-
-
-
407
Employee
539
-
1 846
-
social contributions
54
-
54
-
income
59
-
430
-
total
113
-
484
-
Employer
539
-
1 846
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 306
1 900
-
-
income
457
665
-
-
total
457
665
-
-
Dividends
849
1 235
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 900
1 900
1 900
1 900
Total tax
686
727
538
407
After tax
1 214
1 173
1 362
1 493
Living cost
427
427
427
427
Free-cash
787
746
935
1 066

Estimated living cost  is $427 per week

$281
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$661
$835
$825
$894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
524
pensions
-
-
-
103
total
-
-
-
627
Employee
602
-
1 661
-
income
110
-
409
-
health
8
-
25
-
pensions
46
-
128
-
total
164
-
562
-
Employer
602
-
1 661
-
pensions
61
-
207
-
health
11
-
32
-
total
72
-
239
-
Corporate
1 226
1 900
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

233
361
-
-
total
233
361
-
-
Dividends
993
1 539
-
-
withholding
99
276
-
-
total
99
276
-
-
Income
1 900
1 900
1 900
1 900
Total tax
568
637
801
627
After tax
1 332
1 263
1 099
1 273
Living cost
438
438
438
438
Free-cash
894
825
661
835

Estimated living cost  is $438 per week

$301
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$748
$1020
-$125
$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
-
-
-
519
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
601
Employee
439
-
1 701
-
income
60
-
390
-
health
50
-
195
-
pensions
49
-
89
-
total
159
-
674
-
Employer
439
-
1 701
-
unemployment
11
-
42
-
pensions
71
-
129
-
accident
7
-
28
-
total
89
-
199
-
Corporate
1 372
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.

1 234
1 710
-
-
total
1 234
1 710
-
-
Dividends
137
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 508
1 746
873
601
After tax
392
154
1 027
1 299
Living cost
279
279
279
279
Free-cash
113
-125
748
1 020

Estimated living cost  is $279 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1171
$913
$1440
$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
health insurance
-
-
-
139
income
-
-
-
311
work injury
-
-
-
9
unemployment
-
-
-
23
pensions
-
-
-
346
total
-
-
-
828
Employee

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

254
-
1 900
-
work injury
1
-
5
-
income
25
-
311
-
health insurance
19
-
70
-
pensions
47
-
173
-
unemployment
3
-
11
-
total
95
-
570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 646
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
828
After tax
1 545
1 599
1 330
1 072
Living cost
159
159
159
159
Free-cash
1 386
1 440
1 171
913

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
$345
$427
$532
$480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
460
regional
-
-
-
43
municipal
-
-
-
13
total
-
-
-
1 005
Employee
991
-
1 900
-
social contributions
334
-
641
-
municipal
6
-
11
-
regional
15
-
38
-
national
167
-
397
-
total
522
-
1 087
-
Employer
991
-
1 900
-
total
-
-
-
-
Corporate
909
1 900
-
-
nationa
218
456
-
-
municipal
44
92
-
-
total
262
548
-
-
Dividends
647
1 352
-
-
withholding
168
352
-
-
total
168
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
952
900
1 087
1 005
After tax
948
1 000
813
895
Living cost
468
468
468
468
Free-cash
480
532
345
427

Estimated living cost  is $468 per week

$329
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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