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
$728
$597
$861
$649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
212
income

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

-
-
-
566
health

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

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

-
-
-
81
surtax

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

-
-
-
31
total
-
-
-
890
Employee

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

455
-
1 900
-
surtax

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

1
-
31
-
health

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

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

81
-
81
-
income

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

13
-
566
-
total
95
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 445
1 900
-
-
trade
228
299
-
-
income
217
285
-
-
surtax

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

12
16
-
-
chamber of commerce
4
5
-
-
total
461
605
-
-
Dividends
985
1 296
-
-
withholding
242
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
255
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
811
942
678
890
After tax
1 089
958
1 222
1 010
Living cost
361
361
361
361
Free-cash
728
597
861
649

Estimated living cost  is $361 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$568
$578
$531
$517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
20
pensions
-
-
-
228
municipal
-
-
-
207
national
-
-
-
320
total
-
-
-
775
Employee
943
-
1 643
-
national
180
-
332
-
municipal
116
-
214
-
pensions
38
-
66
-
total
334
-
612
-
Employer
943
-
1 643
-
pensions
75
-
131
-
social contributions
10
-
18
-
total
85
-
149
-
Corporate
810
1 900
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

162
380
-
-
total
162
380
-
-
Dividends
648
1 520
-
-
withholding
143
334
-
-
total
143
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
724
714
761
775
After tax
1 176
1 186
1 139
1 125
Living cost
608
608
608
608
Free-cash
568
578
531
517

Estimated living cost  is $608 per week

$413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1174
$1272
$896
$391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
456
income
-
-
-
321
microenterprise
-
-
-
-
surtax
-
-
-
484
total
-
-
-
1 261
Employee
348
-
1 386
-
surtax
-
-
-
-
social contributions

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

38
-
152
-
income
62
-
270
-
total
100
-
422
-
Employer
348
-
1 386
-
social contributions

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

84
-
334
-
surtax
-
-
-
-
total
84
-
334
-
Corporate
1 468
1 900
-
-
income

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

294
380
-
-
total
294
380
-
-
Dividends

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

1 175
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
478
380
756
1 261
After tax
1 422
1 520
1 144
639
Living cost
248
248
248
248
Free-cash
1 174
1 272
896
391

Estimated living cost  is $248 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
$365
$438
$667
$564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
551
pensions
-
-
-
139
health
-
-
-
147
total
-
-
-
837
Employee
1 016
1 016
1 679
-
health
156
133
147
-
pensions
183
139
139
-
income

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

166
166
227
-
total
505
438
513
-
Employer
1 016
1 016
1 679
-
pensions
71
71
88
-
unemployment
37
37
45
-
health
71
71
88
-
total
179
179
221
-
Corporate
718
706
-
-
income
144
141
-
-
total
144
141
-
-
Dividends
574
564
-
-
withholding
86
85
-
-
income
122
120
-
-
total
208
205
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 036
963
734
837
After tax
864
937
1 166
1 063
Living cost
499
499
499
499
Free-cash
365
438
667
564

Estimated living cost  is $499 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$535
$545
$489
$501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
125
unemployment
-
-
-
1
pensions
-
-
-
117
municipal
-
-
-
473
accident
-
-
-
2
national
-
-
-
122
health
-
-
-
67
total
-
-
-
907
Employee
701
-
1 561
-
national
-
-
115
-
municipal
209
-
466
-
total
209
-
581
-
Employer
701
-
1 561
-
other
81
-
125
-
accident
1
-
2
-
pensions
76
-
117
-
unemployment
19
-
28
-
health
43
-
66
-
total
220
-
338
-
Corporate
979
1 900
-
-
income
215
418
-
-
total
215
418
-
-
Dividends
763
1 482
-
-
withholding
229
445
-
-
total
229
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
863
919
907
After tax
1 027
1 037
981
993
Living cost
492
492
492
492
Free-cash
535
545
489
501

Estimated living cost  is $492 per week

$326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Stockholm model

Close
Hamburg , Germany
$648
$480
$754
$532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
222
income

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

-
-
-
566
health

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

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

-
-
-
81
surtax

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

-
-
-
31
total
-
-
-
900
Employee

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

604
-
1 900
-
surtax

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

3
-
31
-
health

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

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

81
-
81
-
income

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

52
-
566
-
total
136
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 296
1 900
-
-
trade
213
313
-
-
income
194
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
total
422
619
-
-
Dividends
874
1 282
-
-
withholding
214
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
226
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
784
952
678
900
After tax
1 116
948
1 222
1 000
Living cost
468
468
468
468
Free-cash
648
480
754
532

Estimated living cost  is $468 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.
$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

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
$952
$1000
$906
$923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
350
health
-
-
-
48
total
-
-
-
591
Employee
915
915
1 765
-
health
9
16
30
-
social contributions
44
76
102
-
income
96
85
341
-
total
149
177
473
-
Employer
915
915
1 765
-
social contributions
44
76
102
-
health
10
17
33
-
total
54
93
135
-
Corporate
1 310
892
-
-
income
164
111
-
-
total
164
111
-
-
Dividends
1 146
780
-
-
withholding
195
133
-
-
total
195
133
-
-
Income
1 900
1 900
1 900
1 900
Total tax
562
514
608
591
After tax
1 338
1 386
1 292
1 309
Living cost
386
386
386
386
Free-cash
952
1 000
906
923

Estimated living cost  is $386 per week

$264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$851
$846
$881
$1095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
29
income
-
-
-
232
pensions
-
-
-
190
health
-
-
-
133
total
-
-
-
584
Employee

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

The minimum wage is 138,000 HUF per month.

319
127
1 590
-
unemployment
5
2
24
-
health
22
9
111
-
pensions
32
13
159
-
income
39
16
194
-
total
98
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.

319
127
1 590
-
pensions
62
25
310
-
total
62
25
310
-
Corporate
1 519
1 748
-
-
income
137
157
-
-
total
137
157
-
-
Dividends
1 382
1 591
-
-
withholding
263
302
-
-
social contributions
268
309
-
-
total
531
611
-
-
Income
1 900
1 900
1 900
1 900
Total tax
828
833
798
584
After tax
1 072
1 067
1 102
1 316
Living cost
221
221
221
221
Free-cash
851
846
881
1 095

Estimated living cost  is $221 per week

$151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1158
$1233
$808
$731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
380
health
-
-
-
247
total
-
-
-
882
Employee
338
-
1 420
-
unemployment
5
-
23
-
pensions
7
-
28
-
income
38
-
274
-
total
50
-
325
-
Employer
338
-
1 420
-
pensions
68
-
284
-
unemployment
3
-
11
-
health
44
-
185
-
total
115
-
480
-
Corporate
1 448
1 900
-
-
income
290
380
-
-
total
290
380
-
-
Dividends
1 159
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
455
380
805
882
After tax
1 445
1 520
1 095
1 018
Living cost
287
287
287
287
Free-cash
1 158
1 233
808
731

Estimated living cost  is $287 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
$114
-$113
$756
$1034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
4
income
-
-
-
516
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
599
Employee
420
-
1 696
-
health
48
-
194
-
pensions
47
-
93
-
income
58
-
386
-
total
153
-
673
-
Employer
420
-
1 696
-
accident
7
-
28
-
pensions
68
-
134
-
unemployment
10
-
42
-
total
85
-
204
-
Corporate
1 395
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.

1 255
1 710
-
-
total
1 255
1 710
-
-
Dividends
139
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 519
1 746
877
599
After tax
381
154
1 023
1 301
Living cost
267
267
267
267
Free-cash
114
-113
756
1 034

Estimated living cost  is $267 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
121
-
1 900
-
income
24
-
380
-
total
24
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

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

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1001
$1079
$766
$708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
86
income
-
-
-
275
pensions

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

-
-
-
434
health
-
-
-
80
total
-
-
-
875
Employee
432
-
1 518
-
unemployment
4
-
15
-
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
-
income
74
-
293
-
total
114
-
435
-
Employer
432
-
1 518
-
other
22
-
76
-
accident
3
-
12
-
pensions

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

73
-
258
-
unemployment
4
-
15
-
health
6
-
21
-
total
108
-
382
-
Corporate
1 359
1 900
-
-
income
285
399
-
-
total
285
399
-
-
Dividends
1 074
1 501
-
-
withholding
75
105
-
-
total
75
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
582
504
817
875
After tax
1 318
1 396
1 083
1 025
Living cost
317
317
317
317
Free-cash
1 001
1 079
766
708

Estimated living cost  is $317 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Bratislava model

Close
London , United Kingdom
$483
$480
$318
$491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
1 105
-
1 661
-
health
18
-
25
-
pensions
107
-
126
-
income
199
-
411
-
total
324
-
562
-
Employer
1 105
-
1 661
-
pensions
130
-
207
-
health
21
-
32
-
total
151
-
239
-
Corporate
644
1 900
-
-
income

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

122
361
-
-
total
122
361
-
-
Dividends
521
1 539
-
-
withholding
39
278
-
-
total
39
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
636
639
801
628
After tax
1 264
1 261
1 099
1 272
Living cost
781
781
781
781
Free-cash
483
480
318
491

Estimated living cost  is $781 per week

$585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1414
$1468
$1420
$1348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
61
health
-
-
-
48
total
-
-
-
396
Employee
206
-
1 819
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
10
-
19
-
pensions

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

18
-
36
-
income
21
-
182
-
total
51
-
242
-
Employer
206
-
1 819
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

23
-
46
-
unemployment
1
-
2
-
health
14
-
29
-
total
40
-
82
-
Corporate
1 653
1 900
-
-
income
165
190
-
-
total
165
190
-
-
Dividends
1 488
1 710
-
-
withholding
74
86
-
-
total
74
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
330
276
324
396
After tax
1 570
1 624
1 576
1 504
Living cost
156
156
156
156
Free-cash
1 414
1 468
1 420
1 348

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$307
$277
$506
$403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
551
pensions
-
-
-
139
health
-
-
-
147
total
-
-
-
837
Employee
1 103
1 016
1 679
-
health
138
133
147
-
pensions
139
139
139
-
income

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

166
166
227
-
total
443
438
513
-
Employer
1 103
1 016
1 679
-
pensions
77
71
88
-
unemployment
40
37
45
-
health
77
71
88
-
total
194
179
221
-
Corporate
603
706
-
-
income
121
141
-
-
total
121
141
-
-
Dividends
483
564
-
-
withholding
72
85
-
-
income
103
120
-
-
total
175
205
-
-
Income
1 900
1 900
1 900
1 900
Total tax
933
963
734
837
After tax
967
937
1 166
1 063
Living cost
660
660
660
660
Free-cash
307
277
506
403

Estimated living cost  is $660 per week

$487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$907
$1012
$669
$738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
426
income
-
-
-
183
health
-
-
-
257
solidarity contribution
-
-
-
-
total
-
-
-
866
Employee
436
-
1 418
-
solidarity contribution
-
-
-
-
health
59
-
191
-
social contributions
28
-
92
-
income
52
-
170
-
total
139
-
453
-
Employer
436
-
1 418
-
social contributions
109
-
354
-
health
39
-
128
-
total
148
-
482
-
Corporate
1 316
1 900
-
-
income
250
361
-
-
total
250
361
-
-
Dividends
1 066
1 539
-
-
withholding
160
231
-
-
total
160
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
697
592
935
866
After tax
1 203
1 308
965
1 034
Living cost
296
296
296
296
Free-cash
907
1 012
669
738

Estimated living cost  is $296 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$449
$512
$331
$418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
regional
-
-
-
22
social contributions
-
-
-
489
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
980
Employee
1 058
-
1 900
-
national
183
-
396
-
regional
10
-
20
-
municipal
6
-
10
-
social contributions
357
-
641
-
total
556
-
1 067
-
Employer
1 058
-
1 900
-
total
-
-
-
-
Corporate
842
1 900
-
-
nationa
202
456
-
-
municipal
33
74
-
-
total
235
530
-
-
Dividends
607
1 370
-
-
withholding
158
356
-
-
total
158
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
949
886
1 067
980
After tax
951
1 014
833
920
Living cost
502
502
502
502
Free-cash
449
512
331
418

Estimated living cost  is $502 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
$897
$932
$567
$638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
493
pensions
-
-
-
318
health
-
-
-
113
surtax
-
-
-
72
total
-
-
-
999
Employee
394
-
1 570
-
surtax
1
-
61
-
unemployment
27
-
109
-
other
-
-
-
-
health
10
-
40
-
pensions
26
-
105
-
income
66
-
425
-
total
130
-
740
-
Employer
394
-
1 570
-
other
-
-
-
-
pensions
52
-
209
-
unemployment
12
-
50
-
health
18
-
71
-
total
82
-
330
-
Corporate
1 424
1 900
-
-
income
370
494
-
-
total
370
494
-
-
Dividends
1 053
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
740
705
1 070
999
After tax
1 160
1 195
830
901
Living cost
263
263
263
263
Free-cash
897
932
567
638

Estimated living cost  is $263 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$799
$728
$565
$738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
740
-
1 661
-
health
11
-
25
-
pensions
63
-
126
-
income
133
-
411
-
total
207
-
562
-
Employer
740
-
1 661
-
pensions
80
-
207
-
health
14
-
32
-
total
94
-
239
-
Corporate
1 065
1 900
-
-
income

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

202
361
-
-
total
202
361
-
-
Dividends
863
1 539
-
-
withholding
65
278
-
-
total
65
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
568
639
801
628
After tax
1 332
1 261
1 099
1 272
Living cost
534
534
534
534
Free-cash
799
728
565
738

Estimated living cost  is $534 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$332
-$73
$518
$611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
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
city
-
-
-
20
regional
-
-
-
87
pensions
-
-
-
175
national
-
-
-
24
health
-
-
-
4
total
-
-
-
348
Employee
1 101
-
1 701
-
national
5
-
20
-
unemployment
-
-
-
-
city
12
-
18
-
regional
36
-
75
-
health
2
-
4
-
pensions
92
-
143
-
total
147
-
260
-
Employer
1 101
-
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
-
pensions
92
-
143
-
unemployment
-
-
-
-
health
2
-
4
-
total
116
-
181
-
Corporate
670
1 900
-
-
regional
142
402
-
-
national
57
162
-
-
total
199
564
-
-
Dividends
471
1 337
-
-
withholding
165
468
-
-
total
165
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
627
1 032
441
348
After tax
1 273
868
1 459
1 552
Living cost
941
941
941
941
Free-cash
332
-73
518
611

Estimated living cost  is $941 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
231
income

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

-
-
-
566
health

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

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

-
-
-
81
surtax

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

-
-
-
31
total
-
-
-
909
Employee

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

715
-
1 900
-
surtax

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

5
-
31
-
health

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

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

81
-
81
-
income

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

84
-
566
-
total
170
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 185
1 900
-
-
trade
203
326
-
-
income
178
285
-
-
surtax

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

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

Estimated living cost  is $545 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
$618
$551
$659
$667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
59
social contributions
-
-
-
54
income
-
-
-
281
pensions
-
-
-
358
health
-
-
-
74
surtax
-
-
-
-
total
-
-
-
826
Employee
509
-
1 483
-
surtax
-
-
-
-
pensions
58
-
98
-
social contributions
15
-
42
-
income
30
-
277
-
total
103
-
417
-
Employer
509
-
1 483
-
other
18
-
56
-
pensions
84
-
166
-
unemployment
21
-
60
-
social contributions
2
-
4
-
health
36
-
131
-
total
161
-
417
-
Corporate
1 231
1 900
-
-
income
345
532
-
-
surtax
-
-
-
-
total
345
532
-
-
Dividends
887
1 368
-
-
withholding
114
175
-
-
social contributions
152
235
-
-
surtax
-
-
-
-
total
266
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
875
942
834
826
After tax
1 025
958
1 066
1 074
Living cost
407
407
407
407
Free-cash
618
551
659
667

Estimated living cost  is $407 per week

$257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$658
$591
$699
$707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
59
social contributions
-
-
-
54
income
-
-
-
281
pensions
-
-
-
358
health
-
-
-
74
surtax
-
-
-
-
total
-
-
-
826
Employee
455
-
1 483
-
surtax
-
-
-
-
pensions
51
-
98
-
social contributions
13
-
42
-
income
23
-
277
-
total
87
-
417
-
Employer
455
-
1 483
-
other
16
-
56
-
pensions
75
-
166
-
unemployment
18
-
60
-
social contributions
1
-
4
-
health
32
-
131
-
total
142
-
417
-
Corporate
1 303
1 900
-
-
income
365
532
-
-
surtax
-
-
-
-
total
365
532
-
-
Dividends
938
1 368
-
-
withholding
120
175
-
-
social contributions
161
235
-
-
surtax
-
-
-
-
total
281
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
875
942
834
826
After tax
1 025
958
1 066
1 074
Living cost
367
367
367
367
Free-cash
658
591
699
707

Estimated living cost  is $367 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
404
-
1 900
-
health
28
-
133
-
social contributions
56
-
262
-
income
67
-
318
-
total
151
-
713
-
Employer
404
-
1 900
-
total
-
-
-
-
Corporate
1 496
1 900
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

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

Estimated living cost  is $252 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
$616
$634
$79
$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
chamber of commerce
-
-
-
8
unemployment
-
-
-
73
income
-
-
-
479
pensions
-
-
-
257
health
-
-
-
106
surtax
-
-
-
2
total
-
-
-
925
Employee
595
474
1 490
-
unemployment
18
14
42
-
other
6
5
14
-
health
23
18
54
-
pensions
61
49
142
-
income
68
35
378
-
total
176
121
630
-
Employer
595
474
1 490
-
payroll
18
14
45
-
other
28
23
70
-
accident
8
6
18
-
pensions
75
60
175
-
unemployment
18
14
42
-
chamber of commerce
2
2
6
-
surtax
2
2
2
-
health
22
18
53
-
total
173
139
411
-
Corporate
1 132
1 287
1 445
-
income

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

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

283
322
361
-
total
283
322
361
-
Dividends
849
965
-
-
withholding
233
265
-
-
total
233
265
-
-
Income
1 900
1 900
1 900
1 900
Total tax
865
847
1 402
925
After tax
1 035
1 053
498
975
Living cost
419
419
419
419
Free-cash
616
634
79
556

Estimated living cost  is $419 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$452
$629
$246
$390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
295
national
-
-
-
685
communal

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

-
-
-
96
total
-
-
-
1 076
Employee

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

851
-
1 472
-
national
262
-
523
-
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
-
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
-
pensions

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

64
-
110
-
communal

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

44
-
77
-
total
417
-
792
-
Employer

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

851
-
1 472
-
accident

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

11
-
19
-
pensions

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

75
-
130
-
unemployment

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

12
-
21
-
surtax
97
-
167
-
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
-
total
247
-
428
-
Corporate
801
1 900
-
-
income
160
380
-
-
surtax
3
8
-
-
total
163
388
-
-
Dividends
637
1 512
-
-
withholding

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

187
449
-
-
total
187
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 014
837
1 220
1 076
After tax
886
1 063
680
824
Living cost
434
434
434
434
Free-cash
452
629
246
390

Estimated living cost  is $434 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$752
$839
$588
$638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
501
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
832
Employee
592
-
1 548
-
unemployment
9
-
17
-
other
1
-
1
-
pensions
28
-
52
-
income
125
-
460
-
total
163
-
530
-
Employer
592
-
1 548
-
other
5
-
9
-
accident
12
-
22
-
pensions
140
-
260
-
unemployment
33
-
61
-
total
190
-
352
-
Corporate
1 119
1 900
-
-
income

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

168
285
-
-
total
168
285
-
-
Dividends
951
1 615
-
-
withholding
197
346
-
-
total
197
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
718
631
882
832
After tax
1 182
1 269
1 018
1 068
Living cost
430
430
430
430
Free-cash
752
839
588
638

Estimated living cost  is $430 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$335
$476
$389
$315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
290
pensions
-
-
-
285
accident
-
-
-
16
communal
-
-
-
120
health
-
-
-
133
surtax
-
-
-
94
total
-
-
-
938
Employee
901
-
1 697
-
surtax
55
-
104
-
health
40
-
76
-
pensions
72
-
136
-
income
87
-
345
-
total
254
-
661
-
Employer
901
-
1 697
-
accident
8
-
15
-
pensions
72
-
136
-
health
27
-
52
-
total
107
-
203
-
Corporate
891
1 900
-
-
income
134
285
-
-
communal
60
128
-
-
surtax
9
20
-
-
total
203
433
-
-
Dividends
688
1 467
-
-
withholding
103
220
-
-
income
251
124
-
-
total
354
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
918
777
864
938
After tax
982
1 123
1 036
962
Living cost
647
647
647
647
Free-cash
335
476
389
315

Estimated living cost  is $647 per week

$485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$891
$928
$563
$634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
493
pensions
-
-
-
318
health
-
-
-
113
surtax
-
-
-
72
total
-
-
-
999
Employee
401
-
1 570
-
surtax
1
-
61
-
unemployment
28
-
109
-
other
-
-
-
-
health
10
-
40
-
pensions
27
-
105
-
income
67
-
425
-
total
133
-
740
-
Employer
401
-
1 570
-
other
-
-
-
-
pensions
53
-
209
-
unemployment
13
-
50
-
health
18
-
71
-
total
84
-
330
-
Corporate
1 415
1 900
-
-
income
368
494
-
-
total
368
494
-
-
Dividends
1 047
1 406
-
-
withholding
157
211
-
-
total
157
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
742
705
1 070
999
After tax
1 158
1 195
830
901
Living cost
267
267
267
267
Free-cash
891
928
563
634

Estimated living cost  is $267 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$649
$678
$506
$592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
regional
-
-
-
29
social contributions
-
-
-
489
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
987
Employee
660
-
1 900
-
national
105
-
396
-
regional
9
-
26
-
municipal
4
-
10
-
social contributions
223
-
641
-
total
341
-
1 073
-
Employer
660
-
1 900
-
total
-
-
-
-
Corporate
1 240
1 900
-
-
nationa
298
456
-
-
municipal
62
94
-
-
total
360
550
-
-
Dividends
881
1 350
-
-
withholding
229
351
-
-
total
229
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
930
901
1 073
987
After tax
970
999
827
913
Living cost
321
321
321
321
Free-cash
649
678
506
592

Estimated living cost  is $321 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$815
$943
$600
$669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
426
income
-
-
-
183
health
-
-
-
257
solidarity contribution
-
-
-
-
total
-
-
-
866
Employee
537
-
1 418
-
solidarity contribution
-
-
-
-
health
72
-
191
-
social contributions
35
-
92
-
income
64
-
170
-
total
171
-
453
-
Employer
537
-
1 418
-
social contributions
134
-
354
-
health
48
-
128
-
total
182
-
482
-
Corporate
1 180
1 900
-
-
income
224
361
-
-
total
224
361
-
-
Dividends
956
1 539
-
-
withholding
143
231
-
-
total
143
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
720
592
935
866
After tax
1 180
1 308
965
1 034
Living cost
365
365
365
365
Free-cash
815
943
600
669

Estimated living cost  is $365 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$667
$674
$118
$597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
8
unemployment
-
-
-
73
income
-
-
-
479
pensions
-
-
-
257
health
-
-
-
106
surtax
-
-
-
-
total
-
-
-
923
Employee
520
474
1 492
-
unemployment
16
14
42
-
other
5
5
14
-
health
20
18
54
-
pensions
53
49
142
-
income
46
35
379
-
total
140
121
631
-
Employer
520
474
1 492
-
payroll
16
14
45
-
other
25
23
70
-
accident
7
6
18
-
pensions
65
60
175
-
unemployment
16
14
42
-
chamber of commerce
2
2
6
-
surtax
-
-
-
-
health
20
18
53
-
total
151
137
409
-
Corporate
1 230
1 289
1 447
-
income

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

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

308
322
362
-
total
308
322
362
-
Dividends
922
967
-
-
withholding
254
266
-
-
total
254
266
-
-
Income
1 900
1 900
1 900
1 900
Total tax
853
846
1 402
923
After tax
1 047
1 054
498
977
Living cost
380
380
380
380
Free-cash
667
674
118
597

Estimated living cost  is $380 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1625
$1654
$1369
$1730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
189
-
1 900
-
income
38
-
380
-
total
38
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 711
1 900
-
-
total
-
-
-
-
Dividends
1 711
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
124
95
380
19
After tax
1 776
1 805
1 520
1 881
Living cost
151
151
151
151
Free-cash
1 625
1 654
1 369
1 730

Estimated living cost  is $151 per week

$102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$889
$989
$569
$619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3
income
-
-
-
425
pensions
-
-
-
347
health
-
-
-
187
total
-
-
-
962
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

526
-
1 644
-
unemployment
1
-
2
-
health
34
-
106
-
pensions
82
-
255
-
income
91
-
393
-
total
208
-
756
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

526
-
1 644
-
pensions
47
-
145
-
unemployment
-
-
1
-
health
35
-
110
-
total
82
-
256
-
Corporate
1 292
1 900
-
-
income
245
361
-
-
total
245
361
-
-
Dividends
1 046
1 539
-
-
withholding
157
231
-
-
total
157
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
692
592
1 012
962
After tax
1 208
1 308
888
938
Living cost
319
319
319
319
Free-cash
889
989
569
619

Estimated living cost  is $319 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$90
$649
$1238
$806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
727
-
-
-
social contributions
60
-
9
-
income
160
-
-
-
total
220
-
9
-
Employer
727
-
-
-
social contributions
1 026
-
146
-
total
1 026
-
146
-
Corporate
147
1 900
-
-
income
32
418
-
-
total
32
418
-
-
Dividends
115
1 482
-
-
income
25
326
-
-
total
25
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 303
744
155
587
After tax
597
1 156
1 745
1 313
Living cost
507
507
507
507
Free-cash
90
649
1 238
806

Estimated living cost  is $507 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$696
$708
$513
$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

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
-
-
-
215
surtax
-
-
-
-
total
-
-
-
875
Employee
547
-
1 535
-
surtax
-
-
-
-
social contributions
60
-
169
-
income
114
-
480
-
total
174
-
649
-
Employer
547
-
1 535
-
social contributions
130
-
365
-
total
130
-
365
-
Corporate
1 223
1 900
-
-
income
257
399
-
-
surtax
-
-
-
-
total
257
399
-
-
Dividends
966
1 501
-
-
withholding
270
420
-
-
total
270
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
831
819
1 014
875
After tax
1 069
1 081
886
1 025
Living cost
373
373
373
373
Free-cash
696
708
513
652

Estimated living cost  is $373 per week

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

Source of data for Lisbon model

Close
Paris , France
$466
$383
$491
$499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
59
social contributions
-
-
-
54
income
-
-
-
281
pensions
-
-
-
358
health
-
-
-
74
surtax
-
-
-
-
total
-
-
-
826
Employee
745
-
1 483
-
surtax
-
-
-
-
pensions
84
-
98
-
social contributions
21
-
42
-
income
65
-
277
-
total
170
-
417
-
Employer
745
-
1 483
-
other
26
-
56
-
pensions
122
-
166
-
unemployment
30
-
60
-
social contributions
2
-
4
-
health
52
-
131
-
total
232
-
417
-
Corporate
922
1 900
-
-
income
258
532
-
-
surtax
-
-
-
-
total
258
532
-
-
Dividends
664
1 368
-
-
withholding
85
175
-
-
social contributions
114
235
-
-
surtax
-
-
-
-
total
199
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
859
942
834
826
After tax
1 041
958
1 066
1 074
Living cost
575
575
575
575
Free-cash
466
383
491
499

Estimated living cost  is $575 per week

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

Source of data for Paris model

Close
Andorra , Andorra
$1312
$1352
$1098
$1048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
76
social contributions
-
-
-
418
total
-
-
-
494
Employee
383
-
1 645
-
social contributions
25
-
107
-
income
-
-
82
-
total
25
-
189
-
Employer
383
-
1 645
-
social contributions
59
-
255
-
total
59
-
255
-
Corporate
1 458
1 900
-
-
income
146
190
-
-
total
146
190
-
-
Dividends
1 312
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
230
190
444
494
After tax
1 670
1 710
1 456
1 406
Living cost
358
358
358
358
Free-cash
1 312
1 352
1 098
1 048

Estimated living cost  is $358 per week

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

Additional information

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

Source of data for Andorra model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
pensions
-
-
-
10
municipal
-
-
-
390
labour market
-
-
-
151
national
-
-
-
217
total
-
-
-
768
Employee
2 416
2 416
2 416
-
national
295
295
295
-
municipal
514
514
514
-
labour market
193
193
193
-
pensions
3
3
3
-
total
1 005
1 005
1 005
-
Employer
2 416
2 416
2 416
-
municipal
515
515
515
-
pensions
7
7
7
-
national
296
296
296
-
labour market
193
193
193
-
total
1 011
1 011
1 011
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
2 016
2 016
2 016
768
After tax
-116
-116
-116
1 132
Living cost
572
572
572
572
Free-cash
-688
-688
-688
560

Estimated living cost  is $572 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
$113
-$109
$760
$1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
4
income
-
-
-
516
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
599
Employee
414
-
1 696
-
health
47
-
194
-
pensions
47
-
93
-
income
57
-
386
-
total
151
-
673
-
Employer
414
-
1 696
-
accident
7
-
28
-
pensions
67
-
134
-
unemployment
10
-
42
-
total
84
-
204
-
Corporate
1 402
1 900
-
-
income

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

1 262
1 710
-
-
total
1 262
1 710
-
-
Dividends
140
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 524
1 746
877
599
After tax
376
154
1 023
1 301
Living cost
263
263
263
263
Free-cash
113
-109
760
1 038

Estimated living cost  is $263 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Krakow model

Close
Helsinki , Finland
$770
$746
$553
$797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
338
national
-
-
-
284
health
-
-
-
24
total
-
-
-
646
Employee
626
-
1 598
-
national
10
-
177
-
unemployment
9
-
24
-
health
5
-
20
-
municipal
103
-
260
-
pensions
42
-
108
-
total
169
-
589
-
Employer
626
-
1 598
-
accident
1
-
2
-
pensions
109
-
277
-
unemployment
4
-
10
-
health
5
-
12
-
total
119
-
301
-
Corporate
1 156
1 900
-
-
income
231
380
-
-
total
231
380
-
-
Dividends

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

693
1 140
-
-
municipal
125
205
-
-
national
29
112
-
-
total
154
317
-
-
Income
1 900
1 900
1 900
1 900
Total tax
673
697
890
646
After tax
1 227
1 203
1 010
1 254
Living cost
457
457
457
457
Free-cash
770
746
553
797

Estimated living cost  is $457 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1045
$1110
$1016
$1033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
350
health
-
-
-
48
total
-
-
-
591
Employee
915
915
1 765
-
health
7
16
30
-
social contributions
35
76
102
-
income
100
85
341
-
total
142
177
473
-
Employer
915
915
1 765
-
social contributions
35
76
102
-
health
8
17
33
-
total
43
93
135
-
Corporate
1 441
892
-
-
income
180
111
-
-
total
180
111
-
-
Dividends
1 261
780
-
-
withholding
214
133
-
-
total
214
133
-
-
Income
1 900
1 900
1 900
1 900
Total tax
579
514
608
591
After tax
1 321
1 386
1 292
1 309
Living cost
276
276
276
276
Free-cash
1 045
1 110
1 016
1 033

Estimated living cost  is $276 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1324
$1384
$1161
$1400
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

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

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

273
-
1 784
-
pensions
15
-
62
-
unemployment
1
-
6
-
health
12
-
49
-
total
28
-
117
-
Corporate
1 599
1 900
-
-
income
144
171
-
-
total
144
171
-
-
Dividends
1 455
1 729
-
-
withholding
131
156
-
-
total
131
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
387
327
550
311
After tax
1 513
1 573
1 350
1 589
Living cost
189
189
189
189
Free-cash
1 324
1 384
1 161
1 400

Estimated living cost  is $189 per week

$121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
501
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
832
Employee
440
-
1 548
-
unemployment
7
-
17
-
other
-
-
1
-
pensions
21
-
52
-
income
85
-
460
-
total
113
-
530
-
Employer
440
-
1 548
-
other
4
-
9
-
accident
9
-
22
-
pensions
104
-
260
-
unemployment
24
-
61
-
total
141
-
352
-
Corporate
1 320
1 900
-
-
income

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

198
285
-
-
total
198
285
-
-
Dividends
1 122
1 615
-
-
withholding
233
346
-
-
total
233
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
685
631
882
832
After tax
1 215
1 269
1 018
1 068
Living cost
327
327
327
327
Free-cash
888
942
691
741

Estimated living cost  is $327 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
$1158
$1163
$1197
$1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
650
pensions
-
-
-
16
health
-
-
-
12
total
-
-
-
678
Employee
34
-
1 881
-
unemployment
-
-
1
-
health
2
-
4
-
pensions
3
-
7
-
income
7
-
649
-
total
12
-
661
-
Employer
34
-
1 881
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
1 858
1 900
-
-
income
409
418
-
-
total
409
418
-
-
Dividends
1 449
1 482
-
-
withholding
290
296
-
-
total
290
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
719
714
680
678
After tax
1 181
1 186
1 220
1 222
Living cost
23
23
23
23
Free-cash
1 158
1 163
1 197
1 199

Estimated living cost  is $23 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$1110
$1168
$938
$939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
13
income
-
-
-
425
pensions
-
-
-
228
health
-
-
-
90
total
-
-
-
756
Employee

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

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

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

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

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

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

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

310
-
1 743
-
pensions
37
-
105
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
157
-
Corporate
1 535
1 900
-
-
income
230
285
-
-
total
230
285
-
-
Dividends
1 304
1 615
-
-
withholding
196
242
-
-
total
196
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
585
527
757
756
After tax
1 315
1 373
1 143
1 144
Living cost
205
205
205
205
Free-cash
1 110
1 168
938
939

Estimated living cost  is $205 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$755
$760
$565
$704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
215
surtax
-
-
-
-
total
-
-
-
875
Employee
462
-
1 535
-
surtax
-
-
-
-
social contributions
51
-
169
-
income
90
-
480
-
total
141
-
649
-
Employer
462
-
1 535
-
social contributions
110
-
365
-
total
110
-
365
-
Corporate
1 328
1 900
-
-
income
279
399
-
-
surtax
-
-
-
-
total
279
399
-
-
Dividends
1 049
1 501
-
-
withholding
294
420
-
-
total
294
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
824
819
1 014
875
After tax
1 076
1 081
886
1 025
Living cost
321
321
321
321
Free-cash
755
760
565
704

Estimated living cost  is $321 per week

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

Source of data for Porto model

Close
Madrid , Spain
$769
$851
$600
$650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
501
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
832
Employee
575
-
1 548
-
unemployment
9
-
17
-
other
1
-
1
-
pensions
27
-
52
-
income
120
-
460
-
total
157
-
530
-
Employer
575
-
1 548
-
other
5
-
9
-
accident
11
-
22
-
pensions
136
-
260
-
unemployment
32
-
61
-
total
184
-
352
-
Corporate
1 142
1 900
-
-
income

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

171
285
-
-
total
171
285
-
-
Dividends
971
1 615
-
-
withholding
201
346
-
-
total
201
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
713
631
882
832
After tax
1 187
1 269
1 018
1 068
Living cost
418
418
418
418
Free-cash
769
851
600
650

Estimated living cost  is $418 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1346
$1419
$1371
$1299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
285
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
396
Employee
271
-
1 819
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
182
-
total
66
-
242
-
Employer
271
-
1 819
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

30
-
46
-
unemployment
2
-
2
-
health
19
-
29
-
total
54
-
82
-
Corporate
1 576
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 418
1 710
-
-
withholding
71
86
-
-
total
71
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
349
276
324
396
After tax
1 551
1 624
1 576
1 504
Living cost
205
205
205
205
Free-cash
1 346
1 419
1 371
1 299

Estimated living cost  is $205 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$673
$517
$762
$569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
trade
-
-
-
193
income

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

-
-
-
566
health

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

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

-
-
-
81
surtax

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

-
-
-
31
total
-
-
-
871
Employee

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

592
-
1 900
-
surtax

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

3
-
31
-
health

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

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

81
-
81
-
income

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

49
-
566
-
total
133
-
678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 308
1 900
-
-
trade
188
273
-
-
income
196
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
total
399
579
-
-
Dividends
909
1 322
-
-
withholding
223
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
235
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
767
923
678
871
After tax
1 133
977
1 222
1 029
Living cost
460
460
460
460
Free-cash
673
517
762
569

Estimated living cost  is $460 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$678
$651
$347
$347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
income
-
-
-
563
total
-
-
-
875
Employee
931
-
1 900
-
social contributions
77
-
312
-
income
176
-
563
-
total
253
-
875
-
Employer
931
-
1 900
-
total
-
-
-
-
Corporate
969
1 900
-
-
income
121
238
-
-
total
121
238
-
-
Dividends
848
1 662
-
-
withholding
170
333
-
-
total
170
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
544
571
875
875
After tax
1 356
1 329
1 025
1 025
Living cost
678
678
678
678
Free-cash
678
651
347
347

Estimated living cost  is $678 per week

$516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$781
$740
$930
$1057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
72
income
-
-
-
339
total
-
-
-
411
Employee
546
-
1 845
-
social contributions
55
-
55
-
income
59
-
428
-
total
114
-
483
-
Employer
546
-
1 845
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 299
1 900
-
-
income
455
665
-
-
total
455
665
-
-
Dividends
845
1 235
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 900
1 900
1 900
1 900
Total tax
687
728
538
411
After tax
1 213
1 172
1 362
1 489
Living cost
432
432
432
432
Free-cash
781
740
930
1 057

Estimated living cost  is $432 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$897
$827
$665
$838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
526
pensions
-
-
-
102
total
-
-
-
628
Employee
595
-
1 661
-
health
8
-
25
-
pensions
45
-
126
-
income
108
-
411
-
total
161
-
562
-
Employer
595
-
1 661
-
pensions
60
-
207
-
health
11
-
32
-
total
71
-
239
-
Corporate
1 233
1 900
-
-
income

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

234
361
-
-
total
234
361
-
-
Dividends
999
1 539
-
-
withholding
103
278
-
-
total
103
278
-
-
Income
1 900
1 900
1 900
1 900
Total tax
569
639
801
628
After tax
1 331
1 261
1 099
1 272
Living cost
434
434
434
434
Free-cash
897
827
665
838

Estimated living cost  is $434 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$109
-$135
$734
$1012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other
-
-
-
4
income
-
-
-
516
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
599
Employee
455
-
1 696
-
health
52
-
194
-
pensions
51
-
93
-
income
62
-
386
-
total
165
-
673
-
Employer
455
-
1 696
-
accident
8
-
28
-
pensions
74
-
134
-
unemployment
11
-
42
-
total
93
-
204
-
Corporate
1 353
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.

1 218
1 710
-
-
total
1 218
1 710
-
-
Dividends
135
190
-
-
withholding
26
36
-
-
total
26
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 502
1 746
877
599
After tax
398
154
1 023
1 301
Living cost
289
289
289
289
Free-cash
109
-135
734
1 012

Estimated living cost  is $289 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
23
income
-
-
-
310
pensions
-
-
-
350
health insurance
-
-
-
141
work injury
-
-
-
9
total
-
-
-
833
Employee

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

257
-
1 900
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
310
-
total
96
-
571
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 643
1 900
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

16
19
-
-
total
16
19
-
-
Dividends
1 626
1 881
-
-
withholding
244
282
-
-
total
244
282
-
-
Income
1 900
1 900
1 900
1 900
Total tax
356
301
571
833
After tax
1 544
1 599
1 329
1 067
Living cost
161
161
161
161
Free-cash
1 383
1 438
1 168
906

Estimated living cost  is $161 per week

$100
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
$474
$526
$340
$423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
regional
-
-
-
43
social contributions
-
-
-
489
municipal
-
-
-
13
national
-
-
-
458
total
-
-
-
1 003
Employee
1 003
-
1 900
-
national
169
-
396
-
regional
15
-
38
-
municipal
6
-
11
-
social contributions
338
-
641
-
total
528
-
1 086
-
Employer
1 003
-
1 900
-
total
-
-
-
-
Corporate
897
1 900
-
-
nationa
215
456
-
-
municipal
43
92
-
-
total
258
548
-
-
Dividends
639
1 352
-
-
withholding
166
352
-
-
total
166
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
952
900
1 086
1 003
After tax
948
1 000
814
897
Living cost
474
474
474
474
Free-cash
474
526
340
423

Estimated living cost  is $474 per week

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

Source of data for Rome model

Close
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Estimated living cost

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