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
$ 2000
per

Your estimated
City
free-cash

Dresden , Germany
$681
$800
$700
$936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
trade
-
-
-
236
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.

-
-
-
629
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.

-
-
-
74
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.

-
-
-
35
total
-
-
-
974
Employee

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

412
-
2 000
-
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.

74
-
74
-
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
-
35
-
income

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

12
-
629
-
total
87
-
738
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 588
2 000
-
-
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
17
-
-
income
238
300
-
-
trade
250
315
-
-
chamber of commerce
4
5
-
-
total
505
637
-
-
Dividends
1 083
1 364
-
-
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.

15
19
-
-
withholding
267
337
-
-
total
282
356
-
-
Income
2 000
2 000
2 000
2 000
Total tax
874
993
738
974
After tax
1 126
1 007
1 262
1 026
Living cost
326
326
326
326
Free-cash
800
681
936
700

Estimated living cost  is $326 per week

$205
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.
$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

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
$705
$696
$626
$636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
220
pensions
-
-
-
240
national
-
-
-
350
social contributions
-
-
-
21
total
-
-
-
831
Employee
842
-
1 729
-
municipal
104
-
228
-
pensions
34
-
69
-
national
161
-
367
-
total
299
-
664
-
Employer
842
-
1 729
-
social contributions
9
-
19
-
pensions
67
-
138
-
total
76
-
157
-
Corporate
1 026
2 000
-
-
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%.

205
400
-
-
total
205
400
-
-
Dividends
821
1 600
-
-
withholding
181
352
-
-
total
181
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
761
752
821
831
After tax
1 239
1 248
1 179
1 169
Living cost
543
543
543
543
Free-cash
696
705
636
626

Estimated living cost  is $543 per week

$369
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.
$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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1376
$1287
$475
$623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
microenterprise
-
-
-
-
income
-
-
-
378
surtax
-
-
-
510
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.

-
-
-
413
total
-
-
-
1 301
Employee
315
-
1 523
-
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.

35
-
141
-
surtax
-
-
221
-
income
56
-
314
-
total
91
-
676
-
Employer
315
-
1 523
-
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.

76
-
309
-
surtax
-
-
168
-
total
76
-
477
-
Corporate
1 609
2 000
-
-
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%.

322
400
-
-
total
322
400
-
-
Dividends

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

1 287
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
489
400
1 153
1 301
After tax
1 511
1 600
847
699
Living cost
224
224
224
224
Free-cash
1 287
1 376
623
475

Estimated living cost  is $224 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$541
$474
$646
$810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
644
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
903
Employee
920
920
1 800
-
health
141
120
133
-
income

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

151
151
280
-
pensions
166
126
126
-
total
458
397
539
-
Employer
920
920
1 800
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
79
-
total
161
161
200
-
Corporate
930
918
-
-
income
186
184
-
-
total
186
184
-
-
Dividends
744
735
-
-
income
158
156
-
-
withholding
112
110
-
-
total
270
266
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 075
1 008
739
903
After tax
925
992
1 261
1 097
Living cost
451
451
451
451
Free-cash
474
541
810
646

Estimated living cost  is $451 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Rotterdam model

Close
Stockholm , Sweden
$677
$668
$601
$592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
518
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
202
total
-
-
-
984
Employee
592
-
1 714
-
municipal
176
-
511
-
national
-
-
196
-
total
176
-
707
-
Employer
592
-
1 714
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
98
-
health
36
-
56
-
total
186
-
286
-
Corporate
1 222
2 000
-
-
income
269
440
-
-
total
269
440
-
-
Dividends
953
1 560
-
-
withholding
286
468
-
-
total
286
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
917
908
993
984
After tax
1 083
1 092
1 007
1 016
Living cost
415
415
415
415
Free-cash
668
677
592
601

Estimated living cost  is $415 per week

$275
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 Source

Source of data for Stockholm model

Close
Hamburg , Germany
$576
$726
$592
$839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
trade
-
-
-
247
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.

-
-
-
629
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.

-
-
-
74
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.

-
-
-
35
total
-
-
-
985
Employee

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

547
-
2 000
-
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.

74
-
74
-
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
-
35
-
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.

47
-
629
-
total
124
-
738
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 453
2 000
-
-
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
-
-
income
218
300
-
-
trade
239
329
-
-
chamber of commerce
4
4
-
-
total
473
650
-
-
Dividends
981
1 350
-
-
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
333
-
-
total
254
351
-
-
Income
2 000
2 000
2 000
2 000
Total tax
851
1 001
738
985
After tax
1 149
999
1 262
1 015
Living cost
423
423
423
423
Free-cash
726
576
839
592

Estimated living cost  is $423 per week

$283
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$1108
$1065
$1012
$994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
413
health
-
-
-
51
social contributions
-
-
-
174
total
-
-
-
638
Employee
829
829
1 873
-
social contributions
40
69
93
-
health
8
14
32
-
income
87
77
403
-
total
135
160
528
-
Employer
829
829
1 873
-
social contributions
40
69
93
-
health
9
15
35
-
total
49
84
128
-
Corporate
1 466
1 087
-
-
income
183
136
-
-
total
183
136
-
-
Dividends
1 282
951
-
-
withholding
218
162
-
-
total
218
162
-
-
Income
2 000
2 000
2 000
2 000
Total tax
585
542
656
638
After tax
1 415
1 458
1 344
1 362
Living cost
350
350
350
350
Free-cash
1 065
1 108
994
1 012

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$926
$931
$1190
$964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
244
pensions
-
-
-
200
unemployment
-
-
-
30
health
-
-
-
140
total
-
-
-
614
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.

283
113
1 674
-
health
20
8
117
-
income
35
14
205
-
pensions
28
11
167
-
unemployment
4
2
25
-
total
87
35
514
-
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.

283
113
1 674
-
pensions
55
22
326
-
total
55
22
326
-
Corporate
1 661
1 865
-
-
income
150
168
-
-
total
150
168
-
-
Dividends
1 512
1 697
-
-
social contributions
294
330
-
-
withholding
287
323
-
-
total
581
653
-
-
Income
2 000
2 000
2 000
2 000
Total tax
873
878
840
614
After tax
1 127
1 122
1 160
1 386
Living cost
196
196
196
196
Free-cash
931
926
964
1 190

Estimated living cost  is $196 per week

$134
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1340
$1274
$812
$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
-
-
-
2 000
income
-
-
-
268
pensions
-
-
-
400
health
-
-
-
260
total
-
-
-
928
Employee
306
-
1 495
-
income
34
-
288
-
pensions
6
-
30
-
unemployment
5
-
24
-
total
45
-
342
-
Employer
306
-
1 495
-
unemployment
2
-
12
-
pensions
61
-
299
-
health
40
-
194
-
total
103
-
505
-
Corporate
1 591
2 000
-
-
income
318
400
-
-
total
318
400
-
-
Dividends
1 273
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
466
400
847
928
After tax
1 534
1 600
1 153
1 072
Living cost
260
260
260
260
Free-cash
1 274
1 340
893
812

Estimated living cost  is $260 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$73
$125
$1132
$856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
3
income
-
-
-
559
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
633
Employee
369
-
1 808
-
health
42
-
207
-
income
51
-
429
-
pensions
42
-
81
-
total
135
-
717
-
Employer
369
-
1 808
-
accident
6
-
30
-
unemployment
9
-
44
-
pensions
60
-
118
-
total
75
-
192
-
Corporate
1 555
2 000
-
-
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.

1 400
1 800
-
-
total
1 400
1 800
-
-
Dividends
156
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 640
1 838
909
633
After tax
360
162
1 091
1 367
Living cost
235
235
235
235
Free-cash
125
-73
856
1 132

Estimated living cost  is $235 per week

$172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1802
$1783
$1882
$1502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 000
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
123
-
2 000
-
income
25
-
400
-
total
25
-
400
-
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%.

1 877
2 000
-
-
total
-
-
-
-
Dividends
1 877
2 000
-
-
withholding
94
100
-
-
total
94
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
119
100
400
20
After tax
1 881
1 900
1 600
1 980
Living cost
98
98
98
98
Free-cash
1 783
1 802
1 502
1 882

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1182
$1110
$851
$844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
319
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.

-
-
-
393
other
-
-
-
78
health
-
-
-
72
total
-
-
-
862
Employee
391
-
1 597
-
health
5
-
22
-
income
67
-
316
-
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.

27
-
112
-
unemployment
4
-
16
-
total
103
-
466
-
Employer
391
-
1 597
-
accident
3
-
13
-
other
20
-
80
-
unemployment
4
-
16
-
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.

67
-
272
-
health
5
-
22
-
total
99
-
403
-
Corporate
1 510
2 000
-
-
income
317
420
-
-
total
317
420
-
-
Dividends
1 193
1 580
-
-
withholding
84
111
-
-
total
84
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
603
531
869
862
After tax
1 397
1 469
1 131
1 138
Living cost
287
287
287
287
Free-cash
1 110
1 182
844
851

Estimated living cost  is $287 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$573
$621
$592
$413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
581
pensions
-
-
-
100
total
-
-
-
681
Employee
1 029
-
1 746
-
health
17
-
25
-
income
186
-
460
-
pensions
99
-
122
-
total
302
-
607
-
Employer
1 029
-
1 746
-
pensions
122
-
220
-
health
20
-
33
-
total
142
-
253
-
Corporate
830
2 000
-
-
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.

158
380
-
-
total
158
380
-
-
Dividends
672
1 620
-
-
withholding
50
320
-
-
total
50
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
652
700
860
681
After tax
1 348
1 300
1 140
1 319
Living cost
727
727
727
727
Free-cash
621
573
413
592

Estimated living cost  is $727 per week

$545
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.
$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 London model

Close
Varna , Bulgaria
$1569
$1518
$1458
$1538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
401
Employee
187
-
1 926
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
193
-
pensions

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

16
-
33
-
total
46
-
247
-
Employer
187
-
1 926
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 776
2 000
-
-
income
178
200
-
-
total
178
200
-
-
Dividends
1 598
1 800
-
-
withholding
80
90
-
-
total
80
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
341
290
321
401
After tax
1 659
1 710
1 679
1 599
Living cost
141
141
141
141
Free-cash
1 518
1 569
1 538
1 458

Estimated living cost  is $141 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$394
$421
$499
$663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
644
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
903
Employee
999
920
1 800
-
health
125
120
133
-
income

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

151
151
280
-
pensions
126
126
126
-
total
402
397
539
-
Employer
999
920
1 800
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
69
64
79
-
total
175
161
200
-
Corporate
826
918
-
-
income
165
184
-
-
total
165
184
-
-
Dividends
661
735
-
-
income
140
156
-
-
withholding
99
110
-
-
total
239
266
-
-
Income
2 000
2 000
2 000
2 000
Total tax
981
1 008
739
903
After tax
1 019
992
1 261
1 097
Living cost
598
598
598
598
Free-cash
421
394
663
499

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1119
$1027
$890
$806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
204
health
-
-
-
270
solidarity contribution
-
-
-
6
social contributions
-
-
-
372
total
-
-
-
852
Employee
380
-
1 543
-
social contributions
25
-
83
-
health
51
-
208
-
solidarity contribution
-
-
-
-
income
46
-
188
-
total
122
-
479
-
Employer
380
-
1 543
-
social contributions
95
-
318
-
health
34
-
139
-
total
129
-
457
-
Corporate
1 491
2 000
-
-
income
283
380
-
-
total
283
380
-
-
Dividends
1 208
1 620
-
-
withholding
181
243
-
-
total
181
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
623
936
852
After tax
1 285
1 377
1 064
1 148
Living cost
258
258
258
258
Free-cash
1 027
1 119
806
890

Estimated living cost  is $258 per week

$179
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.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$612
$556
$495
$405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
12
regional
-
-
-
24
national
-
-
-
500
social contributions
-
-
-
514
total
-
-
-
1 050
Employee
958
-
2 000
-
social contributions
323
-
674
-
regional
9
-
21
-
municipal
5
-
11
-
national
166
-
434
-
total
503
-
1 140
-
Employer
958
-
2 000
-
total
-
-
-
-
Corporate
1 042
2 000
-
-
nationa
250
480
-
-
municipal
41
78
-
-
total
291
558
-
-
Dividends
751
1 442
-
-
withholding
195
375
-
-
total
195
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
989
933
1 140
1 050
After tax
1 011
1 067
860
950
Living cost
455
455
455
455
Free-cash
556
612
405
495

Estimated living cost  is $455 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$1020
$986
$707
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
572
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
91
total
-
-
-
1 055
Employee
356
-
1 697
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
78
-
income
60
-
508
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
119
-
819
-
Employer
356
-
1 697
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
192
-
health
16
-
65
-
total
75
-
303
-
Corporate
1 569
2 000
-
-
income
408
520
-
-
total
408
520
-
-
Dividends
1 161
1 480
-
-
withholding
174
222
-
-
total
174
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
742
1 122
1 055
After tax
1 224
1 258
878
945
Living cost
238
238
238
238
Free-cash
986
1 020
640
707

Estimated living cost  is $238 per week

$145
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$803
$875
$822
$643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
581
pensions
-
-
-
100
total
-
-
-
681
Employee
690
-
1 746
-
health
10
-
25
-
income
124
-
460
-
pensions
59
-
122
-
total
193
-
607
-
Employer
690
-
1 746
-
pensions
75
-
220
-
health
13
-
33
-
total
88
-
253
-
Corporate
1 223
2 000
-
-
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.

232
380
-
-
total
232
380
-
-
Dividends
990
1 620
-
-
withholding
115
320
-
-
total
115
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
628
700
860
681
After tax
1 372
1 300
1 140
1 319
Living cost
497
497
497
497
Free-cash
875
803
643
822

Estimated living cost  is $497 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$94
$445
$790
$700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
city
-
-
-
21
pensions
-
-
-
184
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.

-
-
-
40
regional
-
-
-
102
health
-
-
-
4
national
-
-
-
38
total
-
-
-
389
Employee
961
-
1 790
-
city
10
-
19
-
regional
31
-
88
-
health
2
-
4
-
pensions
81
-
150
-
unemployment
-
-
-
-
national
5
-
28
-
total
129
-
289
-
Employer
961
-
1 790
-
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.

19
-
36
-
unemployment
-
-
-
-
pensions
81
-
150
-
health
2
-
4
-
total
102
-
190
-
Corporate
926
2 000
-
-
regional
196
423
-
-
national
79
170
-
-
total
275
593
-
-
Dividends
652
1 407
-
-
withholding
228
492
-
-
total
228
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
734
1 085
479
389
After tax
1 266
915
1 521
1 611
Living cost
821
821
821
821
Free-cash
445
94
700
790

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
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.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$494
$668
$511
$768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
trade
-
-
-
257
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.

-
-
-
629
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.

-
-
-
74
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.

-
-
-
35
total
-
-
-
995
Employee

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

648
-
2 000
-
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.

74
-
74
-
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.

4
-
35
-
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.

76
-
629
-
total
154
-
738
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 352
2 000
-
-
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
-
-
income
203
300
-
-
trade
232
343
-
-
chamber of commerce
4
4
-
-
total
450
664
-
-
Dividends
903
1 336
-
-
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
330
-
-
total
234
348
-
-
Income
2 000
2 000
2 000
2 000
Total tax
838
1 012
738
995
After tax
1 162
988
1 262
1 005
Living cost
494
494
494
494
Free-cash
668
494
768
511

Estimated living cost  is $494 per week

$361
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$639
$702
$756
$717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
321
pensions
-
-
-
347
other
-
-
-
62
health
-
-
-
88
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
875
Employee
461
-
1 544
-
social contributions
13
-
44
-
surtax
-
-
-
-
income
27
-
304
-
pensions
52
-
109
-
total
92
-
457
-
Employer
461
-
1 544
-
other
16
-
61
-
social contributions
1
-
5
-
unemployment
19
-
63
-
pensions
76
-
183
-
health
32
-
145
-
total
144
-
457
-
Corporate
1 395
2 000
-
-
surtax
-
-
-
-
income
391
560
-
-
total
391
560
-
-
Dividends
1 004
1 440
-
-
surtax
-
-
-
-
social contributions
173
248
-
-
withholding
129
184
-
-
total
302
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
929
992
914
875
After tax
1 071
1 008
1 086
1 125
Living cost
369
369
369
369
Free-cash
702
639
717
756

Estimated living cost  is $369 per week

$232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$676
$734
$793
$754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
321
pensions
-
-
-
347
other
-
-
-
62
health
-
-
-
88
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
875
Employee
412
-
1 544
-
social contributions
12
-
44
-
surtax
-
-
-
-
income
21
-
304
-
pensions
47
-
109
-
total
80
-
457
-
Employer
412
-
1 544
-
other
14
-
61
-
social contributions
1
-
5
-
unemployment
17
-
63
-
pensions
68
-
183
-
health
29
-
145
-
total
129
-
457
-
Corporate
1 460
2 000
-
-
surtax
-
-
-
-
income
409
560
-
-
total
409
560
-
-
Dividends
1 051
1 440
-
-
surtax
-
-
-
-
social contributions
181
248
-
-
withholding
135
184
-
-
total
316
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
934
992
914
875
After tax
1 066
1 008
1 086
1 125
Living cost
332
332
332
332
Free-cash
734
676
754
793

Estimated living cost  is $332 per week

$193
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$991
$997
$1055
$1011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
health
-
-
-
140
social contributions
-
-
-
276
total
-
-
-
716
Employee
365
-
2 000
-
social contributions
50
-
276
-
health
26
-
140
-
income
61
-
344
-
total
137
-
760
-
Employer
365
-
2 000
-
total
-
-
-
-
Corporate
1 635
2 000
-
-
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%.

82
100
-
-
total
82
100
-
-
Dividends
1 553
1 900
-
-
health
108
133
-
-
social contributions
214
262
-
-
withholding
233
285
-
-
total
555
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
774
780
760
716
After tax
1 226
1 220
1 240
1 284
Living cost
229
229
229
229
Free-cash
997
991
1 011
1 055

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$725
$710
$647
$149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
chamber of commerce
-
-
-
8
income
-
-
-
568
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
973
Employee
539
429
1 610
-
other
5
4
13
-
health
21
17
49
-
income
61
32
461
-
pensions
55
44
129
-
unemployment
16
13
38
-
total
158
110
690
-
Employer
539
429
1 610
-
accident
7
6
16
-
other
26
20
73
-
chamber of commerce
2
2
6
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
158
-
payroll
16
13
48
-
health
20
16
48
-
total
157
126
389
-
Corporate
1 304
1 445
1 569
-
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.

326
361
392
-
total
326
361
392
-
Dividends
978
1 084
-
-
withholding
269
298
-
-
total
269
298
-
-
Income
2 000
2 000
2 000
2 000
Total tax
910
895
1 471
973
After tax
1 090
1 105
529
1 027
Living cost
380
380
380
380
Free-cash
710
725
149
647

Estimated living cost  is $380 per week

$253
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$725
$565
$474
$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
-
-
-
2 000
national
-
-
-
760
communal

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

-
-
-
104
social contributions
-
-
-
269
total
-
-
-
1 133
Employee

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

771
-
1 549
-
communal

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

40
-
81
-
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.

36
-
73
-
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.

58
-
116
-
unemployment

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

7
-
13
-
national
237
-
567
-
total
378
-
850
-
Employer

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

771
-
1 549
-
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.

10
-
20
-
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.

11
-
23
-
surtax
87
-
176
-
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.

68
-
137
-
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.

47
-
95
-
total
223
-
451
-
Corporate
1 005
2 000
-
-
surtax
4
8
-
-
income
201
400
-
-
total
205
408
-
-
Dividends
800
1 592
-
-
withholding

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

236
474
-
-
total
236
474
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 042
882
1 301
1 133
After tax
958
1 118
699
867
Living cost
393
393
393
393
Free-cash
565
725
306
474

Estimated living cost  is $393 per week

$253
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$943
$868
$732
$687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
9
income
-
-
-
579
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
879
Employee
536
-
1 682
-
other
1
-
1
-
income
113
-
542
-
pensions
25
-
47
-
unemployment
8
-
15
-
total
147
-
605
-
Employer
536
-
1 682
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
1 293
2 000
-
-
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.

194
300
-
-
total
194
300
-
-
Dividends
1 099
1 700
-
-
withholding
230
368
-
-
total
230
368
-
-
Income
2 000
2 000
2 000
2 000
Total tax
743
668
924
879
After tax
1 257
1 332
1 076
1 121
Living cost
389
389
389
389
Free-cash
868
943
687
732

Estimated living cost  is $389 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$576
$437
$391
$473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
17
income
-
-
-
340
pensions
-
-
-
300
health
-
-
-
141
surtax
-
-
-
99
communal
-
-
-
126
total
-
-
-
1 023
Employee
816
-
1 787
-
health
36
-
79
-
surtax
50
-
109
-
income
79
-
397
-
pensions
65
-
143
-
total
230
-
728
-
Employer
816
-
1 787
-
accident
7
-
16
-
pensions
65
-
143
-
health
25
-
54
-
total
97
-
213
-
Corporate
1 086
2 000
-
-
surtax
11
21
-
-
communal
73
135
-
-
income
163
300
-
-
total
247
456
-
-
Dividends
839
1 544
-
-
income
277
150
-
-
withholding
126
232
-
-
total
403
382
-
-
Income
2 000
2 000
2 000
2 000
Total tax
977
838
941
1 023
After tax
1 023
1 162
1 059
977
Living cost
586
586
586
586
Free-cash
437
576
473
391

Estimated living cost  is $586 per week

$439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1016
$982
$703
$636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
572
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
91
total
-
-
-
1 055
Employee
363
-
1 697
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
78
-
income
61
-
508
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
120
-
819
-
Employer
363
-
1 697
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
48
-
192
-
health
17
-
65
-
total
77
-
303
-
Corporate
1 561
2 000
-
-
income
406
520
-
-
total
406
520
-
-
Dividends
1 155
1 480
-
-
withholding
173
222
-
-
total
173
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
742
1 122
1 055
After tax
1 224
1 258
878
945
Living cost
242
242
242
242
Free-cash
982
1 016
636
703

Estimated living cost  is $242 per week

$146
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$762
$736
$654
$564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
12
regional
-
-
-
30
national
-
-
-
500
social contributions
-
-
-
514
total
-
-
-
1 056
Employee
598
-
2 000
-
social contributions
202
-
674
-
regional
8
-
27
-
municipal
3
-
11
-
national
95
-
434
-
total
308
-
1 146
-
Employer
598
-
2 000
-
total
-
-
-
-
Corporate
1 402
2 000
-
-
nationa
337
480
-
-
municipal
70
99
-
-
total
407
579
-
-
Dividends
996
1 421
-
-
withholding
259
369
-
-
total
259
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
974
948
1 146
1 056
After tax
1 026
1 052
854
944
Living cost
290
290
290
290
Free-cash
736
762
564
654

Estimated living cost  is $290 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1059
$946
$830
$746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
204
health
-
-
-
270
solidarity contribution
-
-
-
6
social contributions
-
-
-
372
total
-
-
-
852
Employee
468
-
1 543
-
social contributions
30
-
83
-
health
63
-
208
-
solidarity contribution
-
-
-
-
income
56
-
188
-
total
149
-
479
-
Employer
468
-
1 543
-
social contributions
117
-
318
-
health
42
-
139
-
total
159
-
457
-
Corporate
1 373
2 000
-
-
income
261
380
-
-
total
261
380
-
-
Dividends
1 112
1 620
-
-
withholding
167
243
-
-
total
167
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
736
623
936
852
After tax
1 264
1 377
1 064
1 148
Living cost
318
318
318
318
Free-cash
946
1 059
746
830

Estimated living cost  is $318 per week

$237
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.
$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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$762
$759
$685
$184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
chamber of commerce
-
-
-
8
income
-
-
-
568
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
971
Employee
471
429
1 612
-
other
5
4
13
-
health
18
17
49
-
income
42
32
462
-
pensions
48
44
129
-
unemployment
14
13
38
-
total
127
110
691
-
Employer
471
429
1 612
-
accident
6
6
16
-
other
22
20
74
-
chamber of commerce
2
2
6
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
158
-
payroll
14
13
48
-
health
18
16
48
-
total
135
124
388
-
Corporate
1 393
1 447
1 571
-
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.

348
362
393
-
total
348
362
393
-
Dividends
1 045
1 085
-
-
withholding
287
298
-
-
total
287
298
-
-
Income
2 000
2 000
2 000
2 000
Total tax
897
894
1 472
971
After tax
1 103
1 106
528
1 029
Living cost
344
344
344
344
Free-cash
759
762
184
685

Estimated living cost  is $344 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1747
$1719
$1827
$1447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 000
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
192
-
2 000
-
income
38
-
400
-
total
38
-
400
-
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%.

1 808
2 000
-
-
total
-
-
-
-
Dividends
1 808
2 000
-
-
withholding
90
100
-
-
total
90
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
128
100
400
20
After tax
1 872
1 900
1 600
1 980
Living cost
153
153
153
153
Free-cash
1 719
1 747
1 447
1 827

Estimated living cost  is $153 per week

$104
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.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1088
$998
$683
$631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
463
pensions
-
-
-
365
unemployment
-
-
-
3
health
-
-
-
197
total
-
-
-
1 028
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.

477
-
1 731
-
health
31
-
112
-
income
82
-
429
-
pensions
74
-
268
-
unemployment
1
-
2
-
total
188
-
811
-
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.

477
-
1 731
-
unemployment
-
-
1
-
pensions
42
-
153
-
health
32
-
115
-
total
74
-
269
-
Corporate
1 449
2 000
-
-
income
275
380
-
-
total
275
380
-
-
Dividends
1 174
1 620
-
-
withholding
176
243
-
-
total
176
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
713
623
1 080
1 028
After tax
1 287
1 377
920
972
Living cost
289
289
289
289
Free-cash
998
1 088
631
683

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.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$750
$234
$915
$1390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
390
social contributions
-
-
-
228
total
-
-
-
618
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
386
2 000
-
-
income
85
440
-
-
total
85
440
-
-
Dividends
301
1 560
-
-
income
66
343
-
-
total
66
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 299
783
143
618
After tax
701
1 217
1 857
1 382
Living cost
467
467
467
467
Free-cash
234
750
1 390
915

Estimated living cost  is $467 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$800
$788
$727
$575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
240
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
935
Employee
496
-
1 616
-
social contributions
55
-
178
-
surtax
-
-
-
-
income
103
-
525
-
total
158
-
703
-
Employer
496
-
1 616
-
social contributions
118
-
384
-
total
118
-
384
-
Corporate
1 387
2 000
-
-
surtax
-
-
-
-
income
291
420
-
-
total
291
420
-
-
Dividends
1 095
1 580
-
-
withholding
307
442
-
-
total
307
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
874
862
1 087
935
After tax
1 126
1 138
913
1 065
Living cost
338
338
338
338
Free-cash
788
800
575
727

Estimated living cost  is $338 per week

$253
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$487
$562
$604
$565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
321
pensions
-
-
-
347
other
-
-
-
62
health
-
-
-
88
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
875
Employee
675
-
1 544
-
social contributions
19
-
44
-
surtax
-
-
-
-
income
59
-
304
-
pensions
76
-
109
-
total
154
-
457
-
Employer
675
-
1 544
-
other
23
-
61
-
social contributions
2
-
5
-
unemployment
27
-
63
-
pensions
111
-
183
-
health
47
-
145
-
total
210
-
457
-
Corporate
1 114
2 000
-
-
surtax
-
-
-
-
income
312
560
-
-
total
312
560
-
-
Dividends
802
1 440
-
-
surtax
-
-
-
-
social contributions
138
248
-
-
withholding
103
184
-
-
total
241
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
917
992
914
875
After tax
1 083
1 008
1 086
1 125
Living cost
521
521
521
521
Free-cash
562
487
565
604

Estimated living cost  is $521 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1476
$1439
$1145
$1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
91
social contributions
-
-
-
440
total
-
-
-
531
Employee
346
-
1 732
-
income
-
-
96
-
social contributions
23
-
113
-
total
23
-
209
-
Employer
346
-
1 732
-
social contributions
54
-
268
-
total
54
-
268
-
Corporate
1 600
2 000
-
-
income
160
200
-
-
total
160
200
-
-
Dividends
1 440
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
237
200
477
531
After tax
1 763
1 800
1 523
1 469
Living cost
324
324
324
324
Free-cash
1 439
1 476
1 199
1 145

Estimated living cost  is $324 per week

$209
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$348
-$348
$655
-$348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
420
pensions
-
-
-
9
national
-
-
-
238
labour market
-
-
-
159
total
-
-
-
826
Employee
2 191
2 191
2 191
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 191
2 191
2 191
-
labour market
175
175
175
-
municipal
467
467
467
-
pensions
6
6
6
-
national
268
268
268
-
total
916
916
916
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 829
1 829
1 829
826
After tax
171
171
171
1 174
Living cost
519
519
519
519
Free-cash
-348
-348
-348
655

Estimated living cost  is $519 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$69
$126
$1136
$860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
3
income
-
-
-
559
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
633
Employee
364
-
1 808
-
health
42
-
207
-
income
50
-
429
-
pensions
41
-
81
-
total
133
-
717
-
Employer
364
-
1 808
-
accident
6
-
30
-
unemployment
9
-
44
-
pensions
59
-
118
-
total
74
-
192
-
Corporate
1 562
2 000
-
-
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.

1 406
1 800
-
-
total
1 406
1 800
-
-
Dividends
156
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 643
1 838
909
633
After tax
357
162
1 091
1 367
Living cost
231
231
231
231
Free-cash
126
-69
860
1 136

Estimated living cost  is $231 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$833
$863
$862
$628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 000
municipal
-
-
-
355
health
-
-
-
26
national
-
-
-
343
total
-
-
-
724
Employee
567
-
1 683
-
health
4
-
21
-
municipal
93
-
274
-
pensions
38
-
114
-
unemployment
9
-
25
-
national
9
-
206
-
total
153
-
640
-
Employer
567
-
1 683
-
accident
1
-
2
-
unemployment
4
-
11
-
pensions
98
-
292
-
health
4
-
13
-
total
107
-
318
-
Corporate
1 326
2 000
-
-
income
265
400
-
-
total
265
400
-
-
Dividends

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

796
1 200
-
-
national
55
137
-
-
municipal
143
216
-
-
total
198
353
-
-
Income
2 000
2 000
2 000
2 000
Total tax
723
753
958
724
After tax
1 277
1 247
1 042
1 276
Living cost
414
414
414
414
Free-cash
863
833
628
862

Estimated living cost  is $414 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$1208
$1151
$1112
$1094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
413
health
-
-
-
51
social contributions
-
-
-
174
total
-
-
-
638
Employee
829
829
1 873
-
social contributions
31
69
93
-
health
6
14
32
-
income
90
77
403
-
total
127
160
528
-
Employer
829
829
1 873
-
social contributions
31
69
93
-
health
7
15
35
-
total
38
84
128
-
Corporate
1 584
1 087
-
-
income
198
136
-
-
total
198
136
-
-
Dividends
1 386
951
-
-
withholding
236
162
-
-
total
236
162
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
542
656
638
After tax
1 401
1 458
1 344
1 362
Living cost
250
250
250
250
Free-cash
1 151
1 208
1 094
1 112

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1485
$1431
$1517
$1301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 000
income
-
-
-
204
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
312
Employee

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

247
-
1 895
-
health
21
-
87
-
income
17
-
178
-
pensions
37
-
153
-
unemployment
1
-
5
-
total
76
-
423
-
Employer

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

247
-
1 895
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
1 727
2 000
-
-
income
155
180
-
-
total
155
180
-
-
Dividends
1 572
1 820
-
-
withholding
141
164
-
-
total
141
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
398
344
528
312
After tax
1 602
1 656
1 472
1 688
Living cost
171
171
171
171
Free-cash
1 431
1 485
1 301
1 517

Estimated living cost  is $171 per week

$109
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 Podgorica model

Close
Valencia , Spain
$1036
$989
$825
$780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
9
income
-
-
-
579
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
879
Employee
399
-
1 682
-
other
-
-
1
-
income
77
-
542
-
pensions
19
-
47
-
unemployment
6
-
15
-
total
102
-
605
-
Employer
399
-
1 682
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
1 474
2 000
-
-
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.

221
300
-
-
total
221
300
-
-
Dividends
1 253
1 700
-
-
withholding
265
368
-
-
total
265
368
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
668
924
879
After tax
1 285
1 332
1 076
1 121
Living cost
296
296
296
296
Free-cash
989
1 036
780
825

Estimated living cost  is $296 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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.
$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 Valencia model

Close
Istanbul , Turkey
$1218
$1214
$1252
$1251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
680
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
718
Employee
45
-
1 976
-
health
2
-
5
-
income
9
-
679
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
695
-
Employer
45
-
1 976
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 945
2 000
-
-
income
428
440
-
-
total
428
440
-
-
Dividends
1 517
1 560
-
-
withholding
303
312
-
-
total
303
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
756
752
719
718
After tax
1 244
1 248
1 281
1 282
Living cost
30
30
30
30
Free-cash
1 214
1 218
1 251
1 252

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1259
$1207
$1058
$1057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 000
income
-
-
-
455
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
756
Employee

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

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

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

281
-
1 857
-
health
14
-
41
-
income
39
-
455
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
614
-
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.

281
-
1 857
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
1 668
2 000
-
-
income
250
300
-
-
total
250
300
-
-
Dividends
1 418
1 700
-
-
withholding
213
255
-
-
total
213
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
607
555
757
756
After tax
1 393
1 445
1 243
1 244
Living cost
186
186
186
186
Free-cash
1 207
1 259
1 057
1 058

Estimated living cost  is $186 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$847
$843
$774
$622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
240
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
935
Employee
418
-
1 616
-
social contributions
46
-
178
-
surtax
-
-
-
-
income
82
-
525
-
total
128
-
703
-
Employer
418
-
1 616
-
social contributions
99
-
384
-
total
99
-
384
-
Corporate
1 482
2 000
-
-
surtax
-
-
-
-
income
311
420
-
-
total
311
420
-
-
Dividends
1 171
1 580
-
-
withholding
328
442
-
-
total
328
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
866
862
1 087
935
After tax
1 134
1 138
913
1 065
Living cost
291
291
291
291
Free-cash
843
847
622
774

Estimated living cost  is $291 per week

$206
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$953
$882
$742
$697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
9
income
-
-
-
579
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
879
Employee
521
-
1 682
-
other
1
-
1
-
income
109
-
542
-
pensions
24
-
47
-
unemployment
8
-
15
-
total
142
-
605
-
Employer
521
-
1 682
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
1 314
2 000
-
-
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.

197
300
-
-
total
197
300
-
-
Dividends
1 117
1 700
-
-
withholding
234
368
-
-
total
234
368
-
-
Income
2 000
2 000
2 000
2 000
Total tax
739
668
924
879
After tax
1 261
1 332
1 076
1 121
Living cost
379
379
379
379
Free-cash
882
953
697
742

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1524
$1457
$1413
$1493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
401
Employee
246
-
1 926
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
193
-
pensions

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

22
-
33
-
total
61
-
247
-
Employer
246
-
1 926
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 706
2 000
-
-
income
171
200
-
-
total
171
200
-
-
Dividends
1 536
1 800
-
-
withholding
77
90
-
-
total
77
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
357
290
321
401
After tax
1 643
1 710
1 679
1 599
Living cost
186
186
186
186
Free-cash
1 457
1 524
1 493
1 413

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$612
$754
$631
$846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
trade
-
-
-
215
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.

-
-
-
629
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.

-
-
-
74
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.

-
-
-
35
total
-
-
-
953
Employee

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

536
-
2 000
-
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.

74
-
74
-
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.

2
-
35
-
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.

44
-
629
-
total
120
-
738
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 464
2 000
-
-
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
-
-
income
220
300
-
-
trade
210
287
-
-
chamber of commerce
4
5
-
-
total
446
609
-
-
Dividends
1 018
1 392
-
-
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.

14
19
-
-
withholding
250
344
-
-
total
264
363
-
-
Income
2 000
2 000
2 000
2 000
Total tax
830
972
738
953
After tax
1 170
1 028
1 262
1 047
Living cost
416
416
416
416
Free-cash
754
612
846
631

Estimated living cost  is $416 per week

$287
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.
$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

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
$786
$810
$428
$428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
622
social contributions
-
-
-
336
total
-
-
-
958
Employee
843
-
2 000
-
income
159
-
622
-
social contributions
70
-
336
-
total
229
-
958
-
Employer
843
-
2 000
-
total
-
-
-
-
Corporate
1 157
2 000
-
-
income
145
250
-
-
total
145
250
-
-
Dividends
1 012
1 750
-
-
withholding
202
350
-
-
total
202
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
576
600
958
958
After tax
1 424
1 400
1 042
1 042
Living cost
614
614
614
614
Free-cash
810
786
428
428

Estimated living cost  is $614 per week

$467
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.
$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 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
$852
$888
$1230
$1024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
307
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
-
-
-
379
Employee
494
-
1 950
-
income
54
-
485
-
social contributions
50
-
50
-
total
104
-
535
-
Employer
494
-
1 950
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 456
2 000
-
-
income
510
700
-
-
total
510
700
-
-
Dividends
946
1 300
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 000
2 000
2 000
2 000
Total tax
721
757
585
379
After tax
1 279
1 243
1 415
1 621
Living cost
391
391
391
391
Free-cash
888
852
1 024
1 230

Estimated living cost  is $391 per week

$258
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$896
$961
$915
$736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
581
pensions
-
-
-
100
total
-
-
-
681
Employee
554
-
1 746
-
health
7
-
25
-
income
101
-
460
-
pensions
42
-
122
-
total
150
-
607
-
Employer
554
-
1 746
-
pensions
56
-
220
-
health
11
-
33
-
total
67
-
253
-
Corporate
1 379
2 000
-
-
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.

262
380
-
-
total
262
380
-
-
Dividends
1 117
1 620
-
-
withholding
156
320
-
-
total
156
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
635
700
860
681
After tax
1 365
1 300
1 140
1 319
Living cost
404
404
404
404
Free-cash
961
896
736
915

Estimated living cost  is $404 per week

$277
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.
$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.
$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

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
-$92
$122
$1113
$837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
3
income
-
-
-
559
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
633
Employee
400
-
1 808
-
health
46
-
207
-
income
55
-
429
-
pensions
45
-
81
-
total
146
-
717
-
Employer
400
-
1 808
-
accident
7
-
30
-
unemployment
10
-
44
-
pensions
65
-
118
-
total
82
-
192
-
Corporate
1 519
2 000
-
-
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.

1 367
1 800
-
-
total
1 367
1 800
-
-
Dividends
152
200
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 624
1 838
909
633
After tax
376
162
1 091
1 367
Living cost
254
254
254
254
Free-cash
122
-92
837
1 113

Estimated living cost  is $254 per week

$187
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1384
$1487
$1048
$1286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
331
pensions
-
-
-
317
unemployment
-
-
-
21
total
-
-
-
806
Employee

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

233
-
2 000
-
work injury
1
-
4
-
income
23
-
331
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
568
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 767
2 000
-
-
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%.

18
200
-
-
total
18
200
-
-
Dividends
1 749
1 800
-
-
withholding
262
270
-
-
total
262
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
367
470
568
806
After tax
1 633
1 530
1 432
1 194
Living cost
146
146
146
146
Free-cash
1 487
1 384
1 286
1 048

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$625
$576
$498
$410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
13
regional
-
-
-
46
national
-
-
-
500
social contributions
-
-
-
514
total
-
-
-
1 073
Employee
908
-
2 000
-
social contributions
306
-
674
-
regional
14
-
41
-
municipal
5
-
12
-
national
153
-
434
-
total
478
-
1 161
-
Employer
908
-
2 000
-
total
-
-
-
-
Corporate
1 092
2 000
-
-
nationa
262
480
-
-
municipal
53
96
-
-
total
315
576
-
-
Dividends
777
1 424
-
-
withholding
202
370
-
-
total
202
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
995
946
1 161
1 073
After tax
1 005
1 054
839
927
Living cost
429
429
429
429
Free-cash
576
625
410
498

Estimated living cost  is $429 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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