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
$596
$861
$649
$729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
564
surtax

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

-
-
-
31
health

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

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

-
-
-
82
trade
-
-
-
212
total
-
-
-
889
Employee

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

457
-
1 900
-
surtax

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

1
-
31
-
income

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

13
-
564
-
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.

82
-
82
-
total
96
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 443
1 900
-
-
income
216
285
-
-
surtax

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

12
16
-
-
chamber of commerce
4
5
-
-
trade
227
299
-
-
total
459
605
-
-
Dividends
983
1 296
-
-
surtax

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

13
18
-
-
withholding
241
319
-
-
total
254
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
809
942
677
889
After tax
1 091
958
1 223
1 011
Living cost
362
362
362
362
Free-cash
729
596
861
649

Estimated living cost  is $362 per week

$228
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
$550
$505
$491
$538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
20
municipal
-
-
-
206
national
-
-
-
319
pensions
-
-
-
228
total
-
-
-
773
Employee
986
-
1 643
-
municipal
122
-
213
-
pensions
39
-
66
-
national
189
-
331
-
total
350
-
610
-
Employer
986
-
1 643
-
pensions
79
-
131
-
social contributions
11
-
18
-
total
90
-
149
-
Corporate
759
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%.

152
380
-
-
total
152
380
-
-
Dividends
607
1 520
-
-
withholding
134
334
-
-
total
134
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
726
714
759
773
After tax
1 174
1 186
1 141
1 127
Living cost
636
636
636
636
Free-cash
538
550
505
491

Estimated living cost  is $636 per week

$433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1271
$896
$389
$1174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 900
income
-
-
-
319
surtax
-
-
-
485
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.

-
-
-
458
microenterprise
-
-
-
-
total
-
-
-
1 262
Employee
349
-
1 384
-
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
349
-
1 384
-
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
-
333
-
surtax
-
-
-
-
total
84
-
333
-
Corporate
1 466
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%.

293
380
-
-
total
293
380
-
-
Dividends

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

1 173
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
477
380
755
1 262
After tax
1 423
1 520
1 145
638
Living cost
249
249
249
249
Free-cash
1 174
1 271
896
389

Estimated living cost  is $249 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$437
$665
$563
$364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
549
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
836
Employee
1 021
1 021
1 678
-
pensions
184
140
140
-
income

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

167
167
225
-
health
157
133
147
-
total
508
440
512
-
Employer
1 021
1 021
1 678
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
712
700
-
-
income
142
140
-
-
total
142
140
-
-
Dividends
570
560
-
-
income
121
119
-
-
withholding
85
84
-
-
total
206
203
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 035
962
734
836
After tax
865
938
1 166
1 064
Living cost
501
501
501
501
Free-cash
364
437
665
563

Estimated living cost  is $501 per week

$355
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.
$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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$556
$496
$507
$546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
2
other
-
-
-
123
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
476
national
-
-
-
130
pensions
-
-
-
114
total
-
-
-
912
Employee
685
-
1 569
-
municipal
204
-
468
-
national
-
-
123
-
total
204
-
591
-
Employer
685
-
1 569
-
health
42
-
65
-
pensions
74
-
114
-
accident
1
-
2
-
unemployment
18
-
28
-
other
80
-
123
-
total
215
-
332
-
Corporate
999
1 900
-
-
income
220
418
-
-
total
220
418
-
-
Dividends
779
1 482
-
-
withholding
234
445
-
-
total
234
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
863
923
912
After tax
1 027
1 037
977
988
Living cost
481
481
481
481
Free-cash
546
556
496
507

Estimated living cost  is $481 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$478
$753
$532
$645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
564
surtax

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

-
-
-
31
health

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

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

-
-
-
82
trade
-
-
-
221
total
-
-
-
898
Employee

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

607
-
1 900
-
surtax

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

3
-
31
-
income

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

52
-
564
-
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.

82
-
82
-
total
137
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 293
1 900
-
-
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
-
-
trade
213
313
-
-
total
422
619
-
-
Dividends
872
1 282
-
-
surtax

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

12
17
-
-
withholding
214
316
-
-
total
226
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
785
952
677
898
After tax
1 115
948
1 223
1 002
Living cost
470
470
470
470
Free-cash
645
478
753
532

Estimated living cost  is $470 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$999
$903
$921
$949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
349
social contributions
-
-
-
194
health
-
-
-
48
total
-
-
-
591
Employee
920
920
1 764
-
social contributions
45
76
103
-
income
97
85
340
-
health
9
16
30
-
total
151
177
473
-
Employer
920
920
1 764
-
health
10
17
33
-
social contributions
45
76
103
-
total
55
93
136
-
Corporate
1 307
887
-
-
income
163
111
-
-
total
163
111
-
-
Dividends
1 144
776
-
-
withholding
194
132
-
-
total
194
132
-
-
Income
1 900
1 900
1 900
1 900
Total tax
563
513
609
591
After tax
1 337
1 387
1 291
1 309
Living cost
388
388
388
388
Free-cash
949
999
903
921

Estimated living cost  is $388 per week

$265
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$853
$888
$1102
$857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

309
123
1 590
-
unemployment
5
2
24
-
pensions
31
12
159
-
income
38
15
194
-
health
22
9
111
-
total
96
38
488
-
Employer

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

The minimum wage is 138,000 HUF per month.

309
123
1 590
-
pensions
60
24
310
-
total
60
24
310
-
Corporate
1 530
1 753
-
-
income
138
158
-
-
total
138
158
-
-
Dividends
1 393
1 595
-
-
social contributions
270
310
-
-
withholding
265
303
-
-
total
535
613
-
-
Income
1 900
1 900
1 900
1 900
Total tax
829
833
798
584
After tax
1 071
1 067
1 102
1 316
Living cost
214
214
214
214
Free-cash
857
853
888
1 102

Estimated living cost  is $214 per week

$146
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1231
$806
$729
$1157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
255
health
-
-
-
247
pensions
-
-
-
380
total
-
-
-
882
Employee
339
-
1 420
-
unemployment
5
-
23
-
pensions
7
-
28
-
income
38
-
274
-
total
50
-
325
-
Employer
339
-
1 420
-
health
44
-
185
-
pensions
68
-
284
-
unemployment
3
-
11
-
total
115
-
480
-
Corporate
1 446
1 900
-
-
income
289
380
-
-
total
289
380
-
-
Dividends
1 157
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
454
380
805
882
After tax
1 446
1 520
1 095
1 018
Living cost
289
289
289
289
Free-cash
1 157
1 231
806
729

Estimated living cost  is $289 per week

$198
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$113
$757
$1034
$112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
516
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
599
Employee
419
-
1 697
-
pensions
47
-
92
-
income
58
-
386
-
health
48
-
194
-
total
153
-
672
-
Employer
419
-
1 697
-
pensions
68
-
134
-
accident
7
-
28
-
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.

1 256
1 710
-
-
total
1 256
1 710
-
-
Dividends
140
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 521
1 746
876
599
After tax
379
154
1 024
1 301
Living cost
267
267
267
267
Free-cash
112
-113
757
1 034

Estimated living cost  is $267 per week

$195
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
$1709
$1424
$1785
$1691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
120
-
1 900
-
income
24
-
380
-
total
24
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 780
1 900
-
-
total
-
-
-
-
Dividends
1 780
1 900
-
-
withholding
89
95
-
-
total
89
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
113
95
380
19
After tax
1 787
1 805
1 520
1 881
Living cost
96
96
96
96
Free-cash
1 691
1 709
1 424
1 785

Estimated living cost  is $96 per week

$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
$1077
$764
$704
$997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
274
other
-
-
-
86
health
-
-
-
80
pensions

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

-
-
-
437
total
-
-
-
877
Employee
434
-
1 518
-
unemployment
4
-
15
-
pensions

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

30
-
106
-
income
75
-
293
-
health
6
-
21
-
total
115
-
435
-
Employer
434
-
1 518
-
health
6
-
21
-
pensions

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

74
-
258
-
accident
3
-
12
-
unemployment
4
-
15
-
other
22
-
76
-
total
109
-
382
-
Corporate
1 356
1 900
-
-
income
285
399
-
-
total
285
399
-
-
Dividends
1 071
1 501
-
-
withholding
75
105
-
-
total
75
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
584
504
817
877
After tax
1 316
1 396
1 083
1 023
Living cost
319
319
319
319
Free-cash
997
1 077
764
704

Estimated living cost  is $319 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$465
$300
$473
$454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
520
pensions
-
-
-
104
total
-
-
-
624
Employee
1 135
-
1 662
-
pensions
110
-
129
-
income
205
-
405
-
health
19
-
25
-
total
334
-
559
-
Employer
1 135
-
1 662
-
health
22
-
32
-
pensions
134
-
207
-
total
156
-
239
-
Corporate
609
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.

116
361
-
-
total
116
361
-
-
Dividends
493
1 539
-
-
withholding
37
272
-
-
total
37
272
-
-
Income
1 900
1 900
1 900
1 900
Total tax
643
633
798
624
After tax
1 257
1 267
1 102
1 276
Living cost
802
802
802
802
Free-cash
454
465
300
473

Estimated living cost  is $802 per week

$601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1468
$1417
$1346
$1413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
62
total
-
-
-
397
Employee
208
-
1 818
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
182
-
health
10
-
19
-
total
51
-
243
-
Employer
208
-
1 818
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 652
1 900
-
-
income
165
190
-
-
total
165
190
-
-
Dividends
1 486
1 710
-
-
withholding
74
85
-
-
total
74
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
330
275
326
397
After tax
1 570
1 625
1 574
1 503
Living cost
157
157
157
157
Free-cash
1 413
1 468
1 417
1 346

Estimated living cost  is $157 per week

$92
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
$275
$503
$401
$306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
549
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
836
Employee
1 109
1 021
1 678
-
pensions
140
140
140
-
income

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

167
167
225
-
health
138
133
147
-
total
445
440
512
-
Employer
1 109
1 021
1 678
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
597
700
-
-
income
119
140
-
-
total
119
140
-
-
Dividends
478
560
-
-
income
101
119
-
-
withholding
72
84
-
-
total
173
203
-
-
Income
1 900
1 900
1 900
1 900
Total tax
931
962
734
836
After tax
969
938
1 166
1 064
Living cost
663
663
663
663
Free-cash
306
275
503
401

Estimated living cost  is $663 per week

$489
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
$1015
$672
$746
$910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
861
Employee
431
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
28
-
92
-
income
52
-
170
-
health
58
-
191
-
total
138
-
453
-
Employer
431
-
1 418
-
health
39
-
128
-
social contributions
108
-
354
-
total
147
-
482
-
Corporate
1 323
1 900
-
-
income
251
361
-
-
total
251
361
-
-
Dividends
1 072
1 539
-
-
withholding
161
231
-
-
total
161
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
697
592
935
861
After tax
1 203
1 308
965
1 039
Living cost
293
293
293
293
Free-cash
910
1 015
672
746

Estimated living cost  is $293 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$509
$329
$415
$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
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
22
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
980
Employee
1 063
-
1 900
-
municipal
6
-
10
-
national
184
-
395
-
regional
10
-
20
-
social contributions
358
-
641
-
total
558
-
1 066
-
Employer
1 063
-
1 900
-
total
-
-
-
-
Corporate
837
1 900
-
-
municipal
33
74
-
-
nationa
201
456
-
-
total
234
530
-
-
Dividends
604
1 370
-
-
withholding
157
356
-
-
total
157
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
949
886
1 066
980
After tax
951
1 014
834
920
Living cost
505
505
505
505
Free-cash
446
509
329
415

Estimated living cost  is $505 per week

$352
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$931
$567
$638
$893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
491
other
-
-
-
-
surtax
-
-
-
72
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
998
Employee
396
-
1 570
-
other
-
-
-
-
unemployment
28
-
109
-
pensions
26
-
105
-
surtax
1
-
61
-
income
66
-
424
-
health
10
-
40
-
total
131
-
739
-
Employer
396
-
1 570
-
health
18
-
71
-
pensions
53
-
209
-
unemployment
13
-
50
-
other
-
-
-
-
total
84
-
330
-
Corporate
1 421
1 900
-
-
income
370
494
-
-
total
370
494
-
-
Dividends
1 052
1 406
-
-
withholding
158
211
-
-
total
158
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
743
705
1 069
998
After tax
1 157
1 195
831
902
Living cost
264
264
264
264
Free-cash
893
931
567
638

Estimated living cost  is $264 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
$719
$554
$728
$782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
520
pensions
-
-
-
104
total
-
-
-
624
Employee
761
-
1 662
-
pensions
65
-
129
-
income
137
-
405
-
health
11
-
25
-
total
213
-
559
-
Employer
761
-
1 662
-
health
14
-
32
-
pensions
82
-
207
-
total
96
-
239
-
Corporate
1 042
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.

198
361
-
-
total
198
361
-
-
Dividends
844
1 539
-
-
withholding
63
272
-
-
total
63
272
-
-
Income
1 900
1 900
1 900
1 900
Total tax
570
633
798
624
After tax
1 330
1 267
1 102
1 276
Living cost
548
548
548
548
Free-cash
782
719
554
728

Estimated living cost  is $548 per week

$411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Cambridge model

Close
Zurich , Switzerland
-$77
$513
$606
$328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
other

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

-
-
-
38
regional
-
-
-
87
health
-
-
-
4
city
-
-
-
20
national
-
-
-
24
pensions
-
-
-
175
total
-
-
-
348
Employee
1 107
-
1 701
-
unemployment
-
-
-
-
pensions
93
-
143
-
national
5
-
20
-
regional
36
-
75
-
city
12
-
18
-
health
3
-
4
-
total
149
-
260
-
Employer
1 107
-
1 701
-
health
3
-
4
-
pensions
93
-
143
-
unemployment
-
-
-
-
other

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

22
-
34
-
total
118
-
181
-
Corporate
663
1 900
-
-
regional
140
402
-
-
national
56
161
-
-
total
196
563
-
-
Dividends
466
1 337
-
-
withholding
163
468
-
-
total
163
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
626
1 031
441
348
After tax
1 274
869
1 459
1 552
Living cost
946
946
946
946
Free-cash
328
-77
513
606

Estimated living cost  is $946 per week

$615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
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.
$234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$391
$675
$445
$583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
564
surtax

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

-
-
-
31
health

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

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

-
-
-
82
trade
-
-
-
230
total
-
-
-
907
Employee

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

719
-
1 900
-
surtax

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

5
-
31
-
income

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

85
-
564
-
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.

82
-
82
-
total
172
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 181
1 900
-
-
income
177
285
-
-
surtax

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

10
16
-
-
chamber of commerce
3
4
-
-
trade
203
326
-
-
total
393
631
-
-
Dividends
788
1 269
-
-
surtax

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

11
17
-
-
withholding
193
313
-
-
total
204
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
769
961
677
907
After tax
1 131
939
1 223
993
Living cost
548
548
548
548
Free-cash
583
391
675
445

Estimated living cost  is $548 per week

$400
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$549
$658
$664
$618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
281
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
359
total
-
-
-
827
Employee
512
-
1 484
-
pensions
58
-
98
-
surtax
-
-
-
-
social contributions
15
-
42
-
income
30
-
277
-
total
103
-
417
-
Employer
512
-
1 484
-
health
36
-
131
-
pensions
84
-
165
-
unemployment
21
-
60
-
social contributions
2
-
4
-
other
18
-
56
-
total
161
-
416
-
Corporate
1 228
1 900
-
-
income
344
532
-
-
surtax
-
-
-
-
total
344
532
-
-
Dividends
884
1 368
-
-
surtax
-
-
-
-
social contributions
152
235
-
-
withholding
113
175
-
-
total
265
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
873
942
833
827
After tax
1 027
958
1 067
1 073
Living cost
409
409
409
409
Free-cash
618
549
658
664

Estimated living cost  is $409 per week

$258
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.
$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 Nice model

Close
Marseille , France
$589
$698
$704
$655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
359
total
-
-
-
827
Employee
457
-
1 484
-
pensions
52
-
98
-
surtax
-
-
-
-
social contributions
13
-
42
-
income
24
-
277
-
total
89
-
417
-
Employer
457
-
1 484
-
health
32
-
131
-
pensions
75
-
165
-
unemployment
18
-
60
-
social contributions
1
-
4
-
other
16
-
56
-
total
142
-
416
-
Corporate
1 300
1 900
-
-
income
364
532
-
-
surtax
-
-
-
-
total
364
532
-
-
Dividends
936
1 368
-
-
surtax
-
-
-
-
social contributions
161
235
-
-
withholding
120
175
-
-
total
281
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
876
942
833
827
After tax
1 024
958
1 067
1 073
Living cost
369
369
369
369
Free-cash
655
589
698
704

Estimated living cost  is $369 per week

$214
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
$905
$933
$966
$911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
social contributions
-
-
-
262
health
-
-
-
133
total
-
-
-
680
Employee
406
-
1 900
-
social contributions
56
-
262
-
income
68
-
318
-
health
28
-
133
-
total
152
-
713
-
Employer
406
-
1 900
-
total
-
-
-
-
Corporate
1 494
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
1 420
1 805
-
-
social contributions
196
249
-
-
withholding
213
271
-
-
health
99
126
-
-
total
508
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
735
741
713
680
After tax
1 165
1 159
1 187
1 220
Living cost
254
254
254
254
Free-cash
911
905
933
966

Estimated living cost  is $254 per week

$170
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
$633
$78
$554
$614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
477
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
8
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
925
Employee
598
477
1 489
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
61
49
143
-
income
68
35
376
-
health
23
18
54
-
total
176
121
629
-
Employer
598
477
1 489
-
chamber of commerce
2
2
6
-
health
23
18
53
-
pensions
75
60
175
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
45
-
other
28
23
70
-
total
174
139
411
-
Corporate
1 128
1 284
1 443
-
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.

282
321
361
-
total
282
321
361
-
Dividends
846
963
-
-
withholding
233
265
-
-
total
233
265
-
-
Income
1 900
1 900
1 900
1 900
Total tax
865
846
1 401
925
After tax
1 035
1 054
499
975
Living cost
421
421
421
421
Free-cash
614
633
78
554

Estimated living cost  is $421 per week

$281
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
$627
$245
$388
$448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal

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

-
-
-
96
social contributions
-
-
-
295
national
-
-
-
685
total
-
-
-
1 076
Employee

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

856
-
1 472
-
unemployment

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

7
-
13
-
communal

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

45
-
77
-
pensions

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

64
-
110
-
national
263
-
522
-
health

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

40
-
69
-
total
419
-
791
-
Employer

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

856
-
1 472
-
health

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

53
-
91
-
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.

76
-
130
-
accident

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

11
-
19
-
unemployment

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

12
-
21
-
surtax
97
-
167
-
total
249
-
428
-
Corporate
795
1 900
-
-
income
159
380
-
-
surtax
3
8
-
-
total
162
388
-
-
Dividends
633
1 512
-
-
withholding

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

186
449
-
-
total
186
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 016
837
1 219
1 076
After tax
884
1 063
681
824
Living cost
436
436
436
436
Free-cash
448
627
245
388

Estimated living cost  is $436 per week

$281
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
$837
$586
$636
$750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
499
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
832
Employee
595
-
1 547
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
458
-
total
164
-
528
-
Employer
595
-
1 547
-
pensions
141
-
262
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
354
-
Corporate
1 115
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.

167
285
-
-
total
167
285
-
-
Dividends
948
1 615
-
-
withholding
196
346
-
-
total
196
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
432
432
432
432
Free-cash
750
837
586
636

Estimated living cost  is $432 per week

$318
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.
$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
$474
$387
$312
$331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal
-
-
-
120
accident
-
-
-
16
income
-
-
-
289
surtax
-
-
-
94
health
-
-
-
134
pensions
-
-
-
285
total
-
-
-
938
Employee
906
-
1 697
-
pensions
72
-
136
-
surtax
56
-
104
-
income
87
-
344
-
health
40
-
76
-
total
255
-
660
-
Employer
906
-
1 697
-
health
28
-
52
-
pensions
72
-
136
-
accident
8
-
15
-
total
108
-
203
-
Corporate
886
1 900
-
-
communal
60
128
-
-
income
133
285
-
-
surtax
9
20
-
-
total
202
433
-
-
Dividends
684
1 467
-
-
income
251
123
-
-
withholding
103
220
-
-
total
354
343
-
-
Income
1 900
1 900
1 900
1 900
Total tax
919
776
863
938
After tax
981
1 124
1 037
962
Living cost
650
650
650
650
Free-cash
331
474
387
312

Estimated living cost  is $650 per week

$488
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
$926
$562
$633
$888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
491
other
-
-
-
-
surtax
-
-
-
72
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
998
Employee
403
-
1 570
-
other
-
-
-
-
unemployment
28
-
109
-
pensions
27
-
105
-
surtax
1
-
61
-
income
68
-
424
-
health
10
-
40
-
total
134
-
739
-
Employer
403
-
1 570
-
health
18
-
71
-
pensions
54
-
209
-
unemployment
13
-
50
-
other
-
-
-
-
total
85
-
330
-
Corporate
1 412
1 900
-
-
income
367
494
-
-
total
367
494
-
-
Dividends
1 045
1 406
-
-
withholding
157
211
-
-
total
157
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
743
705
1 069
998
After tax
1 157
1 195
831
902
Living cost
269
269
269
269
Free-cash
888
926
562
633

Estimated living cost  is $269 per week

$162
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
$677
$506
$591
$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
social contributions
-
-
-
489
regional
-
-
-
29
municipal
-
-
-
11
national
-
-
-
458
total
-
-
-
987
Employee
663
-
1 900
-
municipal
4
-
10
-
national
105
-
395
-
regional
9
-
26
-
social contributions
224
-
641
-
total
342
-
1 072
-
Employer
663
-
1 900
-
total
-
-
-
-
Corporate
1 237
1 900
-
-
municipal
61
94
-
-
nationa
297
456
-
-
total
358
550
-
-
Dividends
878
1 350
-
-
withholding
228
351
-
-
total
228
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
928
901
1 072
987
After tax
972
999
828
913
Living cost
322
322
322
322
Free-cash
650
677
506
591

Estimated living cost  is $322 per week

$200
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$947
$604
$678
$818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
183
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
257
total
-
-
-
861
Employee
531
-
1 418
-
solidarity contribution
-
-
-
-
social contributions
34
-
92
-
income
64
-
170
-
health
72
-
191
-
total
170
-
453
-
Employer
531
-
1 418
-
health
48
-
128
-
social contributions
133
-
354
-
total
181
-
482
-
Corporate
1 189
1 900
-
-
income
226
361
-
-
total
226
361
-
-
Dividends
963
1 539
-
-
withholding
144
231
-
-
total
144
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
721
592
935
861
After tax
1 179
1 308
965
1 039
Living cost
361
361
361
361
Free-cash
818
947
604
678

Estimated living cost  is $361 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$673
$118
$595
$664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
477
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
8
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
923
Employee
523
477
1 491
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
54
49
143
-
income
47
35
377
-
health
20
18
54
-
total
142
121
630
-
Employer
523
477
1 491
-
chamber of commerce
2
2
6
-
health
20
18
53
-
pensions
66
60
175
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
45
-
other
25
23
70
-
total
152
137
409
-
Corporate
1 227
1 286
1 446
-
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.

307
322
361
-
total
307
322
361
-
Dividends
920
965
-
-
withholding
253
265
-
-
total
253
265
-
-
Income
1 900
1 900
1 900
1 900
Total tax
854
845
1 400
923
After tax
1 046
1 055
500
977
Living cost
382
382
382
382
Free-cash
664
673
118
595

Estimated living cost  is $382 per week

$229
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.
$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

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1655
$1370
$1731
$1627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
187
-
1 900
-
income
37
-
380
-
total
37
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 713
1 900
-
-
total
-
-
-
-
Dividends
1 713
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
123
95
380
19
After tax
1 777
1 805
1 520
1 881
Living cost
150
150
150
150
Free-cash
1 627
1 655
1 370
1 731

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$987
$568
$617
$887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

529
-
1 644
-
unemployment
1
-
2
-
pensions
82
-
255
-
income
91
-
393
-
health
34
-
106
-
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.

529
-
1 644
-
health
35
-
109
-
pensions
47
-
145
-
unemployment
-
-
1
-
total
82
-
255
-
Corporate
1 289
1 900
-
-
income
245
361
-
-
total
245
361
-
-
Dividends
1 044
1 539
-
-
withholding
157
231
-
-
total
157
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
692
592
1 011
962
After tax
1 208
1 308
889
938
Living cost
321
321
321
321
Free-cash
887
987
568
617

Estimated living cost  is $321 per week

$220
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.
$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
$645
$1233
$802
$81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
370
social contributions
-
-
-
217
total
-
-
-
587
Employee
732
-
-
-
social contributions
60
-
9
-
income
162
-
-
-
total
222
-
9
-
Employer
732
-
-
-
social contributions
1 033
-
147
-
total
1 033
-
147
-
Corporate
135
1 900
-
-
income
30
418
-
-
total
30
418
-
-
Dividends
105
1 482
-
-
income
23
326
-
-
total
23
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 308
744
156
587
After tax
592
1 156
1 744
1 313
Living cost
511
511
511
511
Free-cash
81
645
1 233
802

Estimated living cost  is $511 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$706
$511
$650
$693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
660
total
-
-
-
875
Employee
550
-
1 535
-
surtax
-
-
-
-
social contributions
61
-
169
-
income
114
-
480
-
total
175
-
649
-
Employer
550
-
1 535
-
social contributions
131
-
365
-
total
131
-
365
-
Corporate
1 219
1 900
-
-
income
256
399
-
-
surtax
-
-
-
-
total
256
399
-
-
Dividends
963
1 501
-
-
withholding
270
420
-
-
total
270
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
832
819
1 014
875
After tax
1 068
1 081
886
1 025
Living cost
375
375
375
375
Free-cash
693
706
511
650

Estimated living cost  is $375 per week

$281
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
$380
$489
$495
$462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
other
-
-
-
59
surtax
-
-
-
-
social contributions
-
-
-
54
health
-
-
-
74
pensions
-
-
-
359
total
-
-
-
827
Employee
749
-
1 484
-
pensions
85
-
98
-
surtax
-
-
-
-
social contributions
21
-
42
-
income
65
-
277
-
total
171
-
417
-
Employer
749
-
1 484
-
health
52
-
131
-
pensions
123
-
165
-
unemployment
30
-
60
-
social contributions
2
-
4
-
other
26
-
56
-
total
233
-
416
-
Corporate
917
1 900
-
-
income
257
532
-
-
surtax
-
-
-
-
total
257
532
-
-
Dividends
660
1 368
-
-
surtax
-
-
-
-
social contributions
114
235
-
-
withholding
85
175
-
-
total
199
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
860
942
833
827
After tax
1 040
958
1 067
1 073
Living cost
578
578
578
578
Free-cash
462
380
489
495

Estimated living cost  is $578 per week

$391
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.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1350
$1097
$1046
$1309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
385
-
1 645
-
income
-
-
81
-
social contributions
25
-
107
-
total
25
-
188
-
Employer
385
-
1 645
-
social contributions
60
-
255
-
total
60
-
255
-
Corporate
1 456
1 900
-
-
income
146
190
-
-
total
146
190
-
-
Dividends
1 310
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
231
190
443
494
After tax
1 669
1 710
1 457
1 406
Living cost
360
360
360
360
Free-cash
1 309
1 350
1 097
1 046

Estimated living cost  is $360 per week

$232
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
-$706
-$706
$557
-$706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
labour market
-
-
-
151
municipal
-
-
-
390
national
-
-
-
216
pensions
-
-
-
10
total
-
-
-
767
Employee
2 431
2 431
2 431
-
municipal
518
518
518
-
labour market
194
194
194
-
pensions
3
3
3
-
national
297
297
297
-
total
1 012
1 012
1 012
-
Employer
2 431
2 431
2 431
-
national
298
298
298
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
519
519
519
-
total
1 018
1 018
1 018
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
2 030
2 030
2 030
767
After tax
-130
-130
-130
1 133
Living cost
576
576
576
576
Free-cash
-706
-706
-706
557

Estimated living cost  is $576 per week

$394
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.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$109
$761
$1038
$113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
516
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
599
Employee
413
-
1 697
-
pensions
47
-
92
-
income
57
-
386
-
health
47
-
194
-
total
151
-
672
-
Employer
413
-
1 697
-
pensions
67
-
134
-
accident
7
-
28
-
unemployment
10
-
42
-
total
84
-
204
-
Corporate
1 403
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
876
599
After tax
376
154
1 024
1 301
Living cost
263
263
263
263
Free-cash
113
-109
761
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
$745
$551
$796
$771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
health
-
-
-
24
municipal
-
-
-
338
national
-
-
-
283
total
-
-
-
645
Employee
629
-
1 598
-
municipal
103
-
260
-
unemployment
9
-
24
-
pensions
42
-
108
-
national
10
-
177
-
health
5
-
20
-
total
169
-
589
-
Employer
629
-
1 598
-
health
5
-
12
-
pensions
109
-
277
-
accident
1
-
2
-
unemployment
4
-
10
-
total
119
-
301
-
Corporate
1 152
1 900
-
-
income
230
380
-
-
total
230
380
-
-
Dividends

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

691
1 140
-
-
municipal
124
205
-
-
national
28
111
-
-
total
152
316
-
-
Income
1 900
1 900
1 900
1 900
Total tax
670
696
890
645
After tax
1 230
1 204
1 010
1 255
Living cost
459
459
459
459
Free-cash
771
745
551
796

Estimated living cost  is $459 per week

$300
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1110
$1014
$1032
$1044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
349
social contributions
-
-
-
194
health
-
-
-
48
total
-
-
-
591
Employee
920
920
1 764
-
social contributions
35
76
103
-
income
100
85
340
-
health
7
16
30
-
total
142
177
473
-
Employer
920
920
1 764
-
health
8
17
33
-
social contributions
35
76
103
-
total
43
93
136
-
Corporate
1 439
887
-
-
income
180
111
-
-
total
180
111
-
-
Dividends
1 259
776
-
-
withholding
214
132
-
-
total
214
132
-
-
Income
1 900
1 900
1 900
1 900
Total tax
579
513
609
591
After tax
1 321
1 387
1 291
1 309
Living cost
277
277
277
277
Free-cash
1 044
1 110
1 014
1 032

Estimated living cost  is $277 per week

$166
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1383
$1159
$1399
$1323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 900
income
-
-
-
192
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
311
Employee

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

275
-
1 783
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
162
-
health
23
-
96
-
total
84
-
434
-
Employer

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

275
-
1 783
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 597
1 900
-
-
income
144
171
-
-
total
144
171
-
-
Dividends
1 453
1 729
-
-
withholding
131
156
-
-
total
131
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
387
327
551
311
After tax
1 513
1 573
1 349
1 589
Living cost
190
190
190
190
Free-cash
1 323
1 383
1 159
1 399

Estimated living cost  is $190 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
$940
$689
$739
$887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
499
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
832
Employee
442
-
1 547
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
458
-
total
113
-
528
-
Employer
442
-
1 547
-
pensions
104
-
262
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
354
-
Corporate
1 317
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
1 119
1 615
-
-
withholding
232
346
-
-
total
232
346
-
-
Income
1 900
1 900
1 900
1 900
Total tax
684
631
882
832
After tax
1 216
1 269
1 018
1 068
Living cost
329
329
329
329
Free-cash
887
940
689
739

Estimated living cost  is $329 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1162
$1195
$1196
$1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
649
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
680
Employee
37
-
1 880
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
648
-
health
2
-
4
-
total
12
-
661
-
Employer
37
-
1 880
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
1 855
1 900
-
-
income
408
418
-
-
total
408
418
-
-
Dividends
1 447
1 482
-
-
withholding
289
296
-
-
total
289
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
717
714
681
680
After tax
1 183
1 186
1 219
1 220
Living cost
24
24
24
24
Free-cash
1 159
1 162
1 195
1 196

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1166
$932
$934
$1108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 900
income
-
-
-
425
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
230
total
-
-
-
759
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.

312
-
1 742
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
425
-
health
16
-
46
-
total
105
-
602
-
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.

312
-
1 742
-
health
16
-
46
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
159
-
Corporate
1 532
1 900
-
-
income
230
285
-
-
total
230
285
-
-
Dividends
1 302
1 615
-
-
withholding
195
242
-
-
total
195
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
585
527
761
759
After tax
1 315
1 373
1 139
1 141
Living cost
207
207
207
207
Free-cash
1 108
1 166
932
934

Estimated living cost  is $207 per week

$139
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$759
$564
$703
$755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
660
total
-
-
-
875
Employee
464
-
1 535
-
surtax
-
-
-
-
social contributions
51
-
169
-
income
91
-
480
-
total
142
-
649
-
Employer
464
-
1 535
-
social contributions
110
-
365
-
total
110
-
365
-
Corporate
1 326
1 900
-
-
income
278
399
-
-
surtax
-
-
-
-
total
278
399
-
-
Dividends
1 047
1 501
-
-
withholding
293
420
-
-
total
293
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
823
819
1 014
875
After tax
1 077
1 081
886
1 025
Living cost
322
322
322
322
Free-cash
755
759
564
703

Estimated living cost  is $322 per week

$228
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
$849
$598
$648
$767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
10
income
-
-
-
499
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
832
Employee
578
-
1 547
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
458
-
total
158
-
528
-
Employer
578
-
1 547
-
pensions
136
-
262
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
354
-
Corporate
1 138
1 900
-
-
income

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

171
285
-
-
total
171
285
-
-
Dividends
967
1 615
-
-
withholding
200
346
-
-
total
200
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
420
420
420
420
Free-cash
767
849
598
648

Estimated living cost  is $420 per week

$302
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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1419
$1368
$1297
$1345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
62
total
-
-
-
397
Employee
272
-
1 818
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
182
-
health
13
-
19
-
total
67
-
243
-
Employer
272
-
1 818
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 574
1 900
-
-
income
157
190
-
-
total
157
190
-
-
Dividends
1 417
1 710
-
-
withholding
71
85
-
-
total
71
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
349
275
326
397
After tax
1 551
1 625
1 574
1 503
Living cost
206
206
206
206
Free-cash
1 345
1 419
1 368
1 297

Estimated living cost  is $206 per week

$136
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
$515
$761
$568
$672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
income

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

-
-
-
564
surtax

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

-
-
-
31
health

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

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

-
-
-
82
trade
-
-
-
193
total
-
-
-
870
Employee

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

595
-
1 900
-
surtax

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

3
-
31
-
income

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

49
-
564
-
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.

82
-
82
-
total
134
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 305
1 900
-
-
income
196
285
-
-
surtax

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

11
16
-
-
chamber of commerce
4
5
-
-
trade
187
273
-
-
total
398
579
-
-
Dividends
907
1 322
-
-
surtax

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

12
18
-
-
withholding
222
326
-
-
total
234
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
766
923
677
870
After tax
1 134
977
1 223
1 030
Living cost
462
462
462
462
Free-cash
672
515
761
568

Estimated living cost  is $462 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$649
$345
$345
$674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
562
social contributions
-
-
-
312
total
-
-
-
874
Employee
936
-
1 900
-
income
177
-
562
-
social contributions
78
-
312
-
total
255
-
874
-
Employer
936
-
1 900
-
total
-
-
-
-
Corporate
964
1 900
-
-
income
121
237
-
-
total
121
237
-
-
Dividends
844
1 663
-
-
withholding
169
333
-
-
total
169
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
545
570
874
874
After tax
1 355
1 330
1 026
1 026
Living cost
681
681
681
681
Free-cash
674
649
345
345

Estimated living cost  is $681 per week

$518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
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

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
$738
$930
$1054
$779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 900
income
-
-
-
340
health

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

-
-
-
72
total
-
-
-
412
Employee
549
-
1 845
-
income
60
-
426
-
social contributions
55
-
55
-
total
115
-
481
-
Employer
549
-
1 845
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 296
1 900
-
-
income
454
665
-
-
total
454
665
-
-
Dividends
843
1 235
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 900
1 900
1 900
1 900
Total tax
687
728
536
412
After tax
1 213
1 172
1 364
1 488
Living cost
434
434
434
434
Free-cash
779
738
930
1 054

Estimated living cost  is $434 per week

$286
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
$821
$656
$830
$891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
520
pensions
-
-
-
104
total
-
-
-
624
Employee
612
-
1 662
-
pensions
47
-
129
-
income
111
-
405
-
health
8
-
25
-
total
166
-
559
-
Employer
612
-
1 662
-
health
12
-
32
-
pensions
62
-
207
-
total
74
-
239
-
Corporate
1 215
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.

231
361
-
-
total
231
361
-
-
Dividends
984
1 539
-
-
withholding
92
272
-
-
total
92
272
-
-
Income
1 900
1 900
1 900
1 900
Total tax
563
633
798
624
After tax
1 337
1 267
1 102
1 276
Living cost
446
446
446
446
Free-cash
891
821
656
830

Estimated living cost  is $446 per week

$306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$135
$735
$1012
$109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
516
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
599
Employee
454
-
1 697
-
pensions
51
-
92
-
income
62
-
386
-
health
52
-
194
-
total
165
-
672
-
Employer
454
-
1 697
-
pensions
74
-
134
-
accident
8
-
28
-
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
876
599
After tax
398
154
1 024
1 301
Living cost
289
289
289
289
Free-cash
109
-135
735
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
$1437
$1165
$905
$1381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

259
-
1 900
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
48
-
176
-
income
26
-
310
-
total
97
-
573
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 641
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
1 625
1 881
-
-
withholding
244
282
-
-
total
244
282
-
-
Income
1 900
1 900
1 900
1 900
Total tax
357
301
573
833
After tax
1 543
1 599
1 327
1 067
Living cost
162
162
162
162
Free-cash
1 381
1 437
1 165
905

Estimated living cost  is $162 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.
$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 Skopje model

Close
Rome , Italy
$524
$339
$421
$471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
social contributions
-
-
-
489
regional
-
-
-
43
municipal
-
-
-
13
national
-
-
-
458
total
-
-
-
1 003
Employee
1 008
-
1 900
-
municipal
6
-
11
-
national
170
-
395
-
regional
15
-
38
-
social contributions
340
-
641
-
total
531
-
1 085
-
Employer
1 008
-
1 900
-
total
-
-
-
-
Corporate
892
1 900
-
-
municipal
43
92
-
-
nationa
214
456
-
-
total
257
548
-
-
Dividends
635
1 352
-
-
withholding
165
352
-
-
total
165
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
953
900
1 085
1 003
After tax
947
1 000
815
897
Living cost
476
476
476
476
Free-cash
471
524
339
421

Estimated living cost  is $476 per week

$335
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close