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
$ 2050
per

Your estimated
City
free-cash

Dresden , Germany
$705
$824
$719
$963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
trade
-
-
-
244
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.

-
-
-
649
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.

-
-
-
36
total
-
-
-
1 003
Employee

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

414
-
2 050
-
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
-
36
-
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
-
649
-
total
87
-
759
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 636
2 050
-
-
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
17
-
-
income
245
308
-
-
trade
258
323
-
-
chamber of commerce
4
5
-
-
total
521
653
-
-
Dividends
1 115
1 398
-
-
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
275
345
-
-
total
290
364
-
-
Income
2 050
2 050
2 050
2 050
Total tax
898
1 017
759
1 003
After tax
1 152
1 033
1 291
1 047
Living cost
328
328
328
328
Free-cash
824
705
963
719

Estimated living cost  is $328 per week

$206
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
$732
$723
$648
$659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
226
pensions
-
-
-
246
national
-
-
-
361
social contributions
-
-
-
22
total
-
-
-
855
Employee
848
-
1 772
-
municipal
105
-
234
-
pensions
34
-
71
-
national
162
-
378
-
total
301
-
683
-
Employer
848
-
1 772
-
social contributions
9
-
19
-
pensions
68
-
142
-
total
77
-
161
-
Corporate
1 069
2 050
-
-
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%.

214
410
-
-
total
214
410
-
-
Dividends
855
1 640
-
-
withholding
188
361
-
-
total
188
361
-
-
Income
2 050
2 050
2 050
2 050
Total tax
780
771
844
855
After tax
1 270
1 279
1 206
1 195
Living cost
547
547
547
547
Free-cash
723
732
659
648

Estimated living cost  is $547 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1415
$1327
$494
$646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
microenterprise
-
-
-
-
income
-
-
-
393
surtax
-
-
-
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.

-
-
-
415
total
-
-
-
1 331
Employee
316
-
1 567
-
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
-
142
-
surtax
-
-
227
-
income
56
-
327
-
total
91
-
696
-
Employer
316
-
1 567
-
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
-
311
-
surtax
-
-
172
-
total
76
-
483
-
Corporate
1 657
2 050
-
-
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%.

331
410
-
-
total
331
410
-
-
Dividends

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

1 326
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
498
410
1 179
1 331
After tax
1 552
1 640
871
719
Living cost
225
225
225
225
Free-cash
1 327
1 415
646
494

Estimated living cost  is $225 per week

$144
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
$563
$498
$667
$842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
668
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
929
Employee
925
925
1 849
-
health
142
121
134
-
income

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

151
151
292
-
pensions
166
127
127
-
total
459
399
553
-
Employer
925
925
1 849
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
974
963
-
-
income
195
193
-
-
total
195
193
-
-
Dividends
780
770
-
-
income
166
164
-
-
withholding
117
116
-
-
total
283
280
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 098
1 033
754
929
After tax
952
1 017
1 296
1 121
Living cost
454
454
454
454
Free-cash
498
563
842
667

Estimated living cost  is $454 per week

$322
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
$701
$692
$622
$613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
532
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
212
total
-
-
-
1 010
Employee
596
-
1 762
-
municipal
178
-
525
-
national
-
-
206
-
total
178
-
731
-
Employer
596
-
1 762
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
1 266
2 050
-
-
income
279
451
-
-
total
279
451
-
-
Dividends
988
1 599
-
-
withholding
296
480
-
-
total
296
480
-
-
Income
2 050
2 050
2 050
2 050
Total tax
940
931
1 019
1 010
After tax
1 110
1 119
1 031
1 040
Living cost
418
418
418
418
Free-cash
692
701
613
622

Estimated living cost  is $418 per week

$277
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$597
$750
$612
$866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
trade
-
-
-
254
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.

-
-
-
649
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.

-
-
-
36
total
-
-
-
1 013
Employee

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

549
-
2 050
-
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
-
36
-
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
-
649
-
total
124
-
759
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 501
2 050
-
-
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
225
308
-
-
trade
247
337
-
-
chamber of commerce
4
5
-
-
total
488
667
-
-
Dividends
1 013
1 384
-
-
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
249
342
-
-
total
263
361
-
-
Income
2 050
2 050
2 050
2 050
Total tax
875
1 028
759
1 013
After tax
1 175
1 022
1 291
1 037
Living cost
425
425
425
425
Free-cash
750
597
866
612

Estimated living cost  is $425 per week

$285
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1145
$1101
$1044
$1025
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
428
health
-
-
-
52
social contributions
-
-
-
175
total
-
-
-
655
Employee
833
833
1 921
-
social contributions
40
69
93
-
health
8
14
33
-
income
87
77
419
-
total
135
160
545
-
Employer
833
833
1 921
-
social contributions
40
69
93
-
health
9
15
36
-
total
49
84
129
-
Corporate
1 513
1 133
-
-
income
189
142
-
-
total
189
142
-
-
Dividends
1 324
991
-
-
withholding
225
168
-
-
total
225
168
-
-
Income
2 050
2 050
2 050
2 050
Total tax
598
554
674
655
After tax
1 452
1 496
1 376
1 395
Living cost
351
351
351
351
Free-cash
1 101
1 145
1 025
1 044

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$954
$959
$1223
$990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
251
pensions
-
-
-
205
unemployment
-
-
-
31
health
-
-
-
143
total
-
-
-
630
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.

284
113
1 715
-
health
20
8
120
-
income
35
14
210
-
pensions
28
11
172
-
unemployment
4
2
26
-
total
87
35
528
-
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.

284
113
1 715
-
pensions
55
22
335
-
total
55
22
335
-
Corporate
1 711
1 915
-
-
income
154
172
-
-
total
154
172
-
-
Dividends
1 557
1 743
-
-
social contributions
302
339
-
-
withholding
296
331
-
-
total
598
670
-
-
Income
2 050
2 050
2 050
2 050
Total tax
894
899
863
630
After tax
1 156
1 151
1 187
1 420
Living cost
197
197
197
197
Free-cash
959
954
990
1 223

Estimated living cost  is $197 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
$1378
$1311
$837
$920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
275
pensions
-
-
-
410
health
-
-
-
266
total
-
-
-
951
Employee
307
-
1 532
-
income
35
-
295
-
pensions
6
-
31
-
unemployment
5
-
25
-
total
46
-
351
-
Employer
307
-
1 532
-
unemployment
2
-
12
-
pensions
61
-
306
-
health
40
-
199
-
total
103
-
517
-
Corporate
1 639
2 050
-
-
income
328
410
-
-
total
328
410
-
-
Dividends
1 311
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
477
410
868
951
After tax
1 573
1 640
1 182
1 099
Living cost
262
262
262
262
Free-cash
1 311
1 378
920
837

Estimated living cost  is $262 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
-$71
$130
$1164
$883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
574
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
649
Employee
373
-
1 855
-
health
43
-
212
-
income
51
-
441
-
pensions
42
-
82
-
total
136
-
735
-
Employer
373
-
1 855
-
accident
6
-
31
-
unemployment
9
-
45
-
pensions
61
-
119
-
total
76
-
195
-
Corporate
1 601
2 050
-
-
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.

1 441
1 845
-
-
total
1 441
1 845
-
-
Dividends
160
205
-
-
withholding
30
39
-
-
total
30
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 683
1 884
930
649
After tax
367
166
1 120
1 401
Living cost
237
237
237
237
Free-cash
130
-71
883
1 164

Estimated living cost  is $237 per week

$174
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
$1851
$1833
$1933
$1543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 050
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
122
-
2 050
-
income
24
-
410
-
total
24
-
410
-
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%.

1 928
2 050
-
-
total
-
-
-
-
Dividends
1 928
2 050
-
-
withholding
96
102
-
-
total
96
102
-
-
Income
2 050
2 050
2 050
2 050
Total tax
120
102
410
20
After tax
1 930
1 948
1 640
2 030
Living cost
97
97
97
97
Free-cash
1 833
1 851
1 543
1 933

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1218
$1142
$886
$870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
330
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.

-
-
-
395
other
-
-
-
78
health
-
-
-
72
total
-
-
-
875
Employee
393
-
1 637
-
health
6
-
23
-
income
68
-
325
-
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.

28
-
115
-
unemployment
4
-
16
-
total
106
-
479
-
Employer
393
-
1 637
-
accident
3
-
13
-
other
20
-
82
-
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
-
278
-
health
6
-
23
-
total
100
-
412
-
Corporate
1 558
2 050
-
-
income
327
430
-
-
total
327
430
-
-
Dividends
1 231
1 620
-
-
withholding
86
113
-
-
total
86
113
-
-
Income
2 050
2 050
2 050
2 050
Total tax
619
543
891
875
After tax
1 431
1 507
1 159
1 175
Living cost
289
289
289
289
Free-cash
1 142
1 218
870
886

Estimated living cost  is $289 per week

$204
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.
$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 Bratislava model

Close
London , United Kingdom
$600
$661
$623
$438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
600
pensions
-
-
-
100
total
-
-
-
700
Employee
1 028
-
1 790
-
health
17
-
25
-
income
185
-
477
-
pensions
99
-
123
-
total
301
-
625
-
Employer
1 028
-
1 790
-
pensions
121
-
226
-
health
20
-
34
-
total
141
-
260
-
Corporate
881
2 050
-
-
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.

167
390
-
-
total
167
390
-
-
Dividends
713
1 660
-
-
withholding
53
333
-
-
total
53
333
-
-
Income
2 050
2 050
2 050
2 050
Total tax
662
723
885
700
After tax
1 388
1 327
1 165
1 350
Living cost
727
727
727
727
Free-cash
661
600
438
623

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
$1611
$1560
$1499
$1582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
307
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
409
Employee
188
-
1 976
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
198
-
pensions

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

17
-
33
-
total
47
-
252
-
Employer
188
-
1 976
-
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
1 825
2 050
-
-
income
182
205
-
-
total
182
205
-
-
Dividends
1 642
1 845
-
-
withholding
82
92
-
-
total
82
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
348
297
326
409
After tax
1 702
1 753
1 724
1 641
Living cost
142
142
142
142
Free-cash
1 560
1 611
1 582
1 499

Estimated living cost  is $142 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
$416
$444
$520
$695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
668
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
929
Employee
1 004
925
1 849
-
health
125
121
134
-
income

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

151
151
292
-
pensions
127
127
127
-
total
403
399
553
-
Employer
1 004
925
1 849
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
870
963
-
-
income
174
193
-
-
total
174
193
-
-
Dividends
696
770
-
-
income
148
164
-
-
withholding
104
116
-
-
total
252
280
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 005
1 033
754
929
After tax
1 045
1 017
1 296
1 121
Living cost
601
601
601
601
Free-cash
444
416
695
520

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
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
$1152
$1061
$922
$836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
210
health
-
-
-
277
solidarity contribution
-
-
-
9
social contributions
-
-
-
373
total
-
-
-
869
Employee
381
-
1 588
-
social contributions
25
-
83
-
health
51
-
214
-
solidarity contribution
-
-
1
-
income
46
-
194
-
total
122
-
492
-
Employer
381
-
1 588
-
social contributions
95
-
320
-
health
34
-
143
-
total
129
-
463
-
Corporate
1 539
2 050
-
-
income
292
390
-
-
total
292
390
-
-
Dividends
1 246
1 660
-
-
withholding
187
249
-
-
total
187
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
730
639
955
869
After tax
1 320
1 411
1 095
1 181
Living cost
259
259
259
259
Free-cash
1 061
1 152
836
922

Estimated living cost  is $259 per week

$180
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.
$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 Brno model

Close
Milan , Italy
$637
$580
$515
$421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
12
regional
-
-
-
24
national
-
-
-
515
social contributions
-
-
-
527
total
-
-
-
1 078
Employee
963
-
2 050
-
social contributions
325
-
691
-
regional
9
-
22
-
municipal
5
-
11
-
national
167
-
448
-
total
506
-
1 172
-
Employer
963
-
2 050
-
total
-
-
-
-
Corporate
1 087
2 050
-
-
nationa
261
492
-
-
municipal
42
80
-
-
total
303
572
-
-
Dividends
784
1 478
-
-
withholding
204
384
-
-
total
204
384
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 013
956
1 172
1 078
After tax
1 037
1 094
878
972
Living cost
457
457
457
457
Free-cash
580
637
421
515

Estimated living cost  is $457 per week

$319
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
$1050
$1018
$729
$662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
593
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
95
total
-
-
-
1 082
Employee
358
-
1 746
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
82
-
income
60
-
528
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
119
-
844
-
Employer
358
-
1 746
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
193
-
health
16
-
66
-
total
75
-
305
-
Corporate
1 616
2 050
-
-
income
420
533
-
-
total
420
533
-
-
Dividends
1 196
1 517
-
-
withholding
179
228
-
-
total
179
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
793
761
1 149
1 082
After tax
1 257
1 289
901
968
Living cost
239
239
239
239
Free-cash
1 018
1 050
662
729

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$830
$902
$853
$668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
600
pensions
-
-
-
100
total
-
-
-
700
Employee
689
-
1 790
-
health
10
-
25
-
income
124
-
477
-
pensions
58
-
123
-
total
192
-
625
-
Employer
689
-
1 790
-
pensions
75
-
226
-
health
13
-
34
-
total
88
-
260
-
Corporate
1 273
2 050
-
-
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.

242
390
-
-
total
242
390
-
-
Dividends
1 031
1 660
-
-
withholding
129
333
-
-
total
129
333
-
-
Income
2 050
2 050
2 050
2 050
Total tax
651
723
885
700
After tax
1 399
1 327
1 165
1 350
Living cost
497
497
497
497
Free-cash
902
830
668
853

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
$118
$471
$825
$738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
city
-
-
-
22
pensions
-
-
-
189
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.

-
-
-
41
regional
-
-
-
107
health
-
-
-
5
national
-
-
-
42
total
-
-
-
406
Employee
958
-
1 837
-
city
10
-
20
-
regional
31
-
93
-
health
2
-
4
-
pensions
80
-
152
-
unemployment
-
-
-
-
national
5
-
31
-
total
128
-
300
-
Employer
958
-
1 837
-
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
-
37
-
unemployment
-
-
-
-
pensions
80
-
152
-
health
2
-
4
-
total
101
-
193
-
Corporate
980
2 050
-
-
regional
207
434
-
-
national
83
174
-
-
total
290
608
-
-
Dividends
689
1 442
-
-
withholding
241
505
-
-
total
241
505
-
-
Income
2 050
2 050
2 050
2 050
Total tax
760
1 113
493
406
After tax
1 290
937
1 557
1 644
Living cost
819
819
819
819
Free-cash
471
118
738
825

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
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
$515
$691
$530
$795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
trade
-
-
-
265
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.

-
-
-
649
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.

-
-
-
36
total
-
-
-
1 024
Employee

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

651
-
2 050
-
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
-
36
-
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.

77
-
649
-
total
155
-
759
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 399
2 050
-
-
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
210
308
-
-
trade
240
352
-
-
chamber of commerce
4
5
-
-
total
466
682
-
-
Dividends
934
1 369
-
-
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
19
-
-
withholding
229
338
-
-
total
242
357
-
-
Income
2 050
2 050
2 050
2 050
Total tax
863
1 039
759
1 024
After tax
1 187
1 011
1 291
1 026
Living cost
496
496
496
496
Free-cash
691
515
795
530

Estimated living cost  is $496 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$662
$727
$782
$739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
332
pensions
-
-
-
352
other
-
-
-
64
health
-
-
-
91
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
897
Employee
464
-
1 581
-
social contributions
13
-
45
-
surtax
-
-
-
-
income
27
-
313
-
pensions
52
-
112
-
total
92
-
470
-
Employer
464
-
1 581
-
other
16
-
63
-
social contributions
1
-
5
-
unemployment
19
-
64
-
pensions
76
-
189
-
health
32
-
149
-
total
144
-
470
-
Corporate
1 442
2 050
-
-
surtax
-
-
-
-
income
404
574
-
-
total
404
574
-
-
Dividends
1 038
1 476
-
-
surtax
-
-
-
-
social contributions
179
254
-
-
withholding
133
189
-
-
total
312
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
952
1 017
940
897
After tax
1 098
1 033
1 110
1 153
Living cost
371
371
371
371
Free-cash
727
662
739
782

Estimated living cost  is $371 per week

$234
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
$699
$759
$819
$776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
332
pensions
-
-
-
352
other
-
-
-
64
health
-
-
-
91
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
897
Employee
414
-
1 581
-
social contributions
12
-
45
-
surtax
-
-
-
-
income
21
-
313
-
pensions
47
-
112
-
total
80
-
470
-
Employer
414
-
1 581
-
other
14
-
63
-
social contributions
1
-
5
-
unemployment
17
-
64
-
pensions
68
-
189
-
health
29
-
149
-
total
129
-
470
-
Corporate
1 507
2 050
-
-
surtax
-
-
-
-
income
422
574
-
-
total
422
574
-
-
Dividends
1 085
1 476
-
-
surtax
-
-
-
-
social contributions
187
254
-
-
withholding
139
189
-
-
total
326
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
957
1 017
940
897
After tax
1 093
1 033
1 110
1 153
Living cost
334
334
334
334
Free-cash
759
699
776
819

Estimated living cost  is $334 per week

$194
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.
$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 Marseille model

Close
Vilnius , Lithuania
$1020
$1025
$1086
$1040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
308
health
-
-
-
143
social contributions
-
-
-
283
total
-
-
-
734
Employee
367
-
2 050
-
social contributions
51
-
283
-
health
26
-
143
-
income
61
-
354
-
total
138
-
780
-
Employer
367
-
2 050
-
total
-
-
-
-
Corporate
1 683
2 050
-
-
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%.

84
103
-
-
total
84
103
-
-
Dividends
1 599
1 947
-
-
health
112
136
-
-
social contributions
221
269
-
-
withholding
240
292
-
-
total
573
697
-
-
Income
2 050
2 050
2 050
2 050
Total tax
795
800
780
734
After tax
1 255
1 250
1 270
1 316
Living cost
230
230
230
230
Free-cash
1 025
1 020
1 040
1 086

Estimated living cost  is $230 per week

$154
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.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$751
$735
$671
$158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
590
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
997
Employee
541
432
1 655
-
other
5
4
13
-
health
21
17
49
-
income
62
32
481
-
pensions
55
44
130
-
unemployment
16
13
38
-
total
159
110
711
-
Employer
541
432
1 655
-
accident
7
6
16
-
other
26
20
75
-
chamber of commerce
2
2
7
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
159
-
payroll
16
13
50
-
health
20
16
48
-
total
157
126
395
-
Corporate
1 351
1 492
1 614
-
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.

338
373
404
-
total
338
373
404
-
Dividends
1 013
1 119
-
-
withholding
279
308
-
-
total
279
308
-
-
Income
2 050
2 050
2 050
2 050
Total tax
933
917
1 510
997
After tax
1 117
1 133
540
1 053
Living cost
382
382
382
382
Free-cash
735
751
158
671

Estimated living cost  is $382 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$751
$589
$495
$317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
national
-
-
-
783
communal

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

-
-
-
107
social contributions
-
-
-
270
total
-
-
-
1 160
Employee

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

775
-
1 588
-
communal

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

40
-
83
-
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
-
75
-
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
-
119
-
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
-
14
-
national
238
-
584
-
total
379
-
875
-
Employer

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

775
-
1 588
-
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
-
21
-
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
88
-
180
-
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.

69
-
141
-
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.

48
-
98
-
total
226
-
463
-
Corporate
1 050
2 050
-
-
surtax
4
8
-
-
income
210
410
-
-
total
214
418
-
-
Dividends
836
1 632
-
-
withholding

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

247
486
-
-
total
247
486
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 066
904
1 338
1 160
After tax
984
1 146
712
890
Living cost
395
395
395
395
Free-cash
589
751
317
495

Estimated living cost  is $395 per week

$254
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.
$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 Brussels model

Close
Barcelona , Spain
$973
$899
$758
$712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
9
income
-
-
-
600
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
901
Employee
539
-
1 730
-
other
1
-
1
-
income
114
-
563
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
627
-
Employer
539
-
1 730
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
1 339
2 050
-
-
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.

201
308
-
-
total
201
308
-
-
Dividends
1 138
1 742
-
-
withholding
239
378
-
-
total
239
378
-
-
Income
2 050
2 050
2 050
2 050
Total tax
760
686
947
901
After tax
1 290
1 364
1 103
1 149
Living cost
391
391
391
391
Free-cash
899
973
712
758

Estimated living cost  is $391 per week

$288
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$600
$457
$408
$492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
17
income
-
-
-
353
pensions
-
-
-
307
health
-
-
-
144
surtax
-
-
-
102
communal
-
-
-
130
total
-
-
-
1 053
Employee
820
-
1 831
-
health
37
-
81
-
surtax
50
-
112
-
income
79
-
412
-
pensions
66
-
146
-
total
232
-
751
-
Employer
820
-
1 831
-
accident
7
-
16
-
pensions
66
-
146
-
health
25
-
56
-
total
98
-
218
-
Corporate
1 132
2 050
-
-
surtax
12
22
-
-
communal
76
138
-
-
income
170
308
-
-
total
258
468
-
-
Dividends
874
1 583
-
-
income
285
156
-
-
withholding
131
237
-
-
total
416
393
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 004
861
969
1 053
After tax
1 046
1 189
1 081
997
Living cost
589
589
589
589
Free-cash
457
600
492
408

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$1046
$1012
$725
$658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
593
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
95
total
-
-
-
1 082
Employee
365
-
1 746
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
82
-
income
61
-
528
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
120
-
844
-
Employer
365
-
1 746
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
49
-
193
-
health
17
-
66
-
total
78
-
305
-
Corporate
1 608
2 050
-
-
income
418
533
-
-
total
418
533
-
-
Dividends
1 190
1 517
-
-
withholding
179
228
-
-
total
179
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
795
761
1 149
1 082
After tax
1 255
1 289
901
968
Living cost
243
243
243
243
Free-cash
1 012
1 046
658
725

Estimated living cost  is $243 per week

$147
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.
$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 of data for Athens model

Close
Naples , Italy
$785
$761
$673
$580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
12
regional
-
-
-
31
national
-
-
-
515
social contributions
-
-
-
527
total
-
-
-
1 085
Employee
601
-
2 050
-
social contributions
203
-
691
-
regional
8
-
28
-
municipal
3
-
11
-
national
95
-
448
-
total
309
-
1 178
-
Employer
601
-
2 050
-
total
-
-
-
-
Corporate
1 449
2 050
-
-
nationa
348
492
-
-
municipal
72
102
-
-
total
420
594
-
-
Dividends
1 029
1 456
-
-
withholding
268
379
-
-
total
268
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
997
973
1 178
1 085
After tax
1 053
1 077
872
965
Living cost
292
292
292
292
Free-cash
761
785
580
673

Estimated living cost  is $292 per week

$181
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.
$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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1091
$977
$861
$775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
210
health
-
-
-
277
solidarity contribution
-
-
-
9
social contributions
-
-
-
373
total
-
-
-
869
Employee
470
-
1 588
-
social contributions
31
-
83
-
health
63
-
214
-
solidarity contribution
-
-
1
-
income
56
-
194
-
total
150
-
492
-
Employer
470
-
1 588
-
social contributions
118
-
320
-
health
42
-
143
-
total
160
-
463
-
Corporate
1 420
2 050
-
-
income
270
390
-
-
total
270
390
-
-
Dividends
1 150
1 660
-
-
withholding
173
249
-
-
total
173
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
753
639
955
869
After tax
1 297
1 411
1 095
1 181
Living cost
320
320
320
320
Free-cash
977
1 091
775
861

Estimated living cost  is $320 per week

$238
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.
$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 Prague model

Close
Graz , Austria
$788
$785
$709
$195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
590
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
995
Employee
473
432
1 657
-
other
5
4
13
-
health
18
17
49
-
income
42
32
482
-
pensions
48
44
130
-
unemployment
14
13
38
-
total
127
110
712
-
Employer
473
432
1 657
-
accident
6
6
16
-
other
22
20
75
-
chamber of commerce
2
2
7
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
159
-
payroll
14
13
50
-
health
18
16
48
-
total
135
124
393
-
Corporate
1 440
1 494
1 616
-
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.

360
374
404
-
total
360
374
404
-
Dividends
1 080
1 121
-
-
withholding
297
308
-
-
total
297
308
-
-
Income
2 050
2 050
2 050
2 050
Total tax
919
916
1 509
995
After tax
1 131
1 134
541
1 055
Living cost
346
346
346
346
Free-cash
785
788
195
709

Estimated living cost  is $346 per week

$207
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1796
$1767
$1878
$1488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 050
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
190
-
2 050
-
income
38
-
410
-
total
38
-
410
-
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%.

1 860
2 050
-
-
total
-
-
-
-
Dividends
1 860
2 050
-
-
withholding
93
102
-
-
total
93
102
-
-
Income
2 050
2 050
2 050
2 050
Total tax
131
102
410
20
After tax
1 919
1 948
1 640
2 030
Living cost
152
152
152
152
Free-cash
1 767
1 796
1 488
1 878

Estimated living cost  is $152 per week

$103
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
$1121
$1030
$702
$649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 050
income
-
-
-
478
pensions
-
-
-
374
unemployment
-
-
-
3
health
-
-
-
202
total
-
-
-
1 057
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.

479
-
1 774
-
health
31
-
115
-
income
83
-
442
-
pensions
74
-
275
-
unemployment
1
-
2
-
total
189
-
834
-
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.

479
-
1 774
-
unemployment
-
-
1
-
pensions
42
-
157
-
health
32
-
118
-
total
74
-
276
-
Corporate
1 496
2 050
-
-
income
284
389
-
-
total
284
389
-
-
Dividends
1 212
1 661
-
-
withholding
182
249
-
-
total
182
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
729
638
1 110
1 057
After tax
1 321
1 412
940
993
Living cost
291
291
291
291
Free-cash
1 030
1 121
649
702

Estimated living cost  is $291 per week

$199
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
$779
$263
$948
$1439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
400
social contributions
-
-
-
234
total
-
-
-
634
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
434
2 050
-
-
income
96
451
-
-
total
96
451
-
-
Dividends
339
1 599
-
-
income
75
352
-
-
total
75
352
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 319
803
143
634
After tax
731
1 247
1 907
1 416
Living cost
468
468
468
468
Free-cash
263
779
1 439
948

Estimated living cost  is $468 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
$827
$815
$749
$594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
income
-
-
-
249
surtax
-
-
-
-
social contributions

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

-
-
-
712
total
-
-
-
961
Employee
498
-
1 657
-
social contributions
55
-
182
-
surtax
-
-
-
-
income
104
-
541
-
total
159
-
723
-
Employer
498
-
1 657
-
social contributions
118
-
393
-
total
118
-
393
-
Corporate
1 434
2 050
-
-
surtax
-
-
-
-
income
301
430
-
-
total
301
430
-
-
Dividends
1 133
1 620
-
-
withholding
317
453
-
-
total
317
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
895
883
1 116
961
After tax
1 155
1 167
934
1 089
Living cost
340
340
340
340
Free-cash
815
827
594
749

Estimated living cost  is $340 per week

$254
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
$510
$586
$630
$587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
332
pensions
-
-
-
352
other
-
-
-
64
health
-
-
-
91
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
897
Employee
678
-
1 581
-
social contributions
19
-
45
-
surtax
-
-
-
-
income
59
-
313
-
pensions
77
-
112
-
total
155
-
470
-
Employer
678
-
1 581
-
other
23
-
63
-
social contributions
2
-
5
-
unemployment
27
-
64
-
pensions
111
-
189
-
health
47
-
149
-
total
210
-
470
-
Corporate
1 160
2 050
-
-
surtax
-
-
-
-
income
325
574
-
-
total
325
574
-
-
Dividends
835
1 476
-
-
surtax
-
-
-
-
social contributions
144
254
-
-
withholding
107
189
-
-
total
251
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
941
1 017
940
897
After tax
1 109
1 033
1 110
1 153
Living cost
523
523
523
523
Free-cash
586
510
587
630

Estimated living cost  is $523 per week

$354
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
$1519
$1482
$1179
$1234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
94
social contributions
-
-
-
451
total
-
-
-
545
Employee
348
-
1 775
-
income
-
-
100
-
social contributions
23
-
115
-
total
23
-
215
-
Employer
348
-
1 775
-
social contributions
54
-
275
-
total
54
-
275
-
Corporate
1 648
2 050
-
-
income
165
205
-
-
total
165
205
-
-
Dividends
1 483
1 845
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
242
205
490
545
After tax
1 808
1 845
1 560
1 505
Living cost
326
326
326
326
Free-cash
1 482
1 519
1 234
1 179

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
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
-$311
-$311
$680
-$311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
431
pensions
-
-
-
9
national
-
-
-
245
labour market
-
-
-
163
total
-
-
-
848
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 839
1 839
1 839
848
After tax
211
211
211
1 202
Living cost
522
522
522
522
Free-cash
-311
-311
-311
680

Estimated living cost  is $522 per week

$357
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
-$67
$131
$1168
$887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
574
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
649
Employee
367
-
1 855
-
health
42
-
212
-
income
50
-
441
-
pensions
41
-
82
-
total
133
-
735
-
Employer
367
-
1 855
-
accident
6
-
31
-
unemployment
9
-
45
-
pensions
60
-
119
-
total
75
-
195
-
Corporate
1 608
2 050
-
-
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.

1 447
1 845
-
-
total
1 447
1 845
-
-
Dividends
161
205
-
-
withholding
31
39
-
-
total
31
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 686
1 884
930
649
After tax
364
166
1 120
1 401
Living cost
233
233
233
233
Free-cash
131
-67
887
1 168

Estimated living cost  is $233 per week

$170
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$860
$891
$886
$651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 050
municipal
-
-
-
364
health
-
-
-
27
national
-
-
-
357
total
-
-
-
748
Employee
570
-
1 725
-
health
4
-
22
-
municipal
93
-
281
-
pensions
38
-
116
-
unemployment
9
-
26
-
national
9
-
213
-
total
153
-
658
-
Employer
570
-
1 725
-
accident
1
-
2
-
unemployment
4
-
11
-
pensions
99
-
299
-
health
4
-
13
-
total
108
-
325
-
Corporate
1 373
2 050
-
-
income
275
410
-
-
total
275
410
-
-
Dividends

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

824
1 230
-
-
national
59
143
-
-
municipal
148
221
-
-
total
207
364
-
-
Income
2 050
2 050
2 050
2 050
Total tax
743
774
983
748
After tax
1 307
1 276
1 067
1 302
Living cost
416
416
416
416
Free-cash
891
860
651
886

Estimated living cost  is $416 per week

$272
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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1245
$1186
$1144
$1125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
428
health
-
-
-
52
social contributions
-
-
-
175
total
-
-
-
655
Employee
833
833
1 921
-
social contributions
31
69
93
-
health
6
14
33
-
income
91
77
419
-
total
128
160
545
-
Employer
833
833
1 921
-
social contributions
31
69
93
-
health
7
15
36
-
total
38
84
129
-
Corporate
1 632
1 133
-
-
income
204
142
-
-
total
204
142
-
-
Dividends
1 428
991
-
-
withholding
243
168
-
-
total
243
168
-
-
Income
2 050
2 050
2 050
2 050
Total tax
613
554
674
655
After tax
1 437
1 496
1 376
1 395
Living cost
251
251
251
251
Free-cash
1 186
1 245
1 125
1 144

Estimated living cost  is $251 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
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
$1526
$1471
$1560
$1343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 050
income
-
-
-
210
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
318
Employee

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

249
-
1 944
-
health
21
-
87
-
income
17
-
183
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
429
-
Employer

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

249
-
1 944
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 776
2 050
-
-
income
160
184
-
-
total
160
184
-
-
Dividends
1 616
1 866
-
-
withholding
145
168
-
-
total
145
168
-
-
Income
2 050
2 050
2 050
2 050
Total tax
407
352
535
318
After tax
1 643
1 698
1 515
1 732
Living cost
172
172
172
172
Free-cash
1 471
1 526
1 343
1 560

Estimated living cost  is $172 per week

$110
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
$1066
$1020
$851
$805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
9
income
-
-
-
600
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
901
Employee
400
-
1 730
-
other
-
-
1
-
income
77
-
563
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
627
-
Employer
400
-
1 730
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 522
2 050
-
-
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.

228
308
-
-
total
228
308
-
-
Dividends
1 294
1 742
-
-
withholding
274
378
-
-
total
274
378
-
-
Income
2 050
2 050
2 050
2 050
Total tax
732
686
947
901
After tax
1 318
1 364
1 103
1 149
Living cost
298
298
298
298
Free-cash
1 020
1 066
805
851

Estimated living cost  is $298 per week

$201
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.
$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
$1249
$1245
$1284
$1283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
698
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
736
Employee
45
-
2 026
-
health
2
-
5
-
income
9
-
697
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
713
-
Employer
45
-
2 026
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 995
2 050
-
-
income
439
451
-
-
total
439
451
-
-
Dividends
1 556
1 599
-
-
withholding
311
320
-
-
total
311
320
-
-
Income
2 050
2 050
2 050
2 050
Total tax
775
771
737
736
After tax
1 275
1 279
1 313
1 314
Living cost
30
30
30
30
Free-cash
1 245
1 249
1 283
1 284

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
$1295
$1239
$1094
$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

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.

-
-
-
2 050
income
-
-
-
467
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
769
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.

282
-
1 907
-
health
15
-
41
-
income
39
-
467
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
626
-
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.

282
-
1 907
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 717
2 050
-
-
income
258
307
-
-
total
258
307
-
-
Dividends
1 459
1 743
-
-
withholding
219
261
-
-
total
219
261
-
-
Income
2 050
2 050
2 050
2 050
Total tax
624
568
769
769
After tax
1 426
1 482
1 281
1 281
Living cost
187
187
187
187
Free-cash
1 239
1 295
1 094
1 094

Estimated living cost  is $187 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
$875
$871
$797
$642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
income
-
-
-
249
surtax
-
-
-
-
social contributions

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

-
-
-
712
total
-
-
-
961
Employee
420
-
1 657
-
social contributions
46
-
182
-
surtax
-
-
-
-
income
82
-
541
-
total
128
-
723
-
Employer
420
-
1 657
-
social contributions
100
-
393
-
total
100
-
393
-
Corporate
1 530
2 050
-
-
surtax
-
-
-
-
income
321
430
-
-
total
321
430
-
-
Dividends
1 209
1 620
-
-
withholding
338
453
-
-
total
338
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
887
883
1 116
961
After tax
1 163
1 167
934
1 089
Living cost
292
292
292
292
Free-cash
871
875
642
797

Estimated living cost  is $292 per week

$207
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.
$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 Porto model

Close
Madrid , Spain
$983
$913
$768
$722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
9
income
-
-
-
600
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
901
Employee
523
-
1 730
-
other
1
-
1
-
income
109
-
563
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
627
-
Employer
523
-
1 730
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
237
-
total
166
-
320
-
Corporate
1 360
2 050
-
-
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.

204
308
-
-
total
204
308
-
-
Dividends
1 156
1 742
-
-
withholding
243
378
-
-
total
243
378
-
-
Income
2 050
2 050
2 050
2 050
Total tax
756
686
947
901
After tax
1 294
1 364
1 103
1 149
Living cost
381
381
381
381
Free-cash
913
983
722
768

Estimated living cost  is $381 per week

$273
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.
$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
$1567
$1501
$1455
$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
-
-
-
2 050
income
-
-
-
307
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
409
Employee
247
-
1 976
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
198
-
pensions

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

22
-
33
-
total
61
-
252
-
Employer
247
-
1 976
-
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
1 755
2 050
-
-
income
175
205
-
-
total
175
205
-
-
Dividends
1 579
1 845
-
-
withholding
79
92
-
-
total
79
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
363
297
326
409
After tax
1 687
1 753
1 724
1 641
Living cost
186
186
186
186
Free-cash
1 501
1 567
1 538
1 455

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
$636
$779
$651
$873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
trade
-
-
-
222
income

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

-
-
-
649
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.

-
-
-
36
total
-
-
-
981
Employee

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

539
-
2 050
-
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
-
36
-
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
-
649
-
total
120
-
759
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 511
2 050
-
-
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
227
308
-
-
trade
217
294
-
-
chamber of commerce
4
5
-
-
total
460
624
-
-
Dividends
1 051
1 427
-
-
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
259
353
-
-
total
273
372
-
-
Income
2 050
2 050
2 050
2 050
Total tax
853
996
759
981
After tax
1 197
1 054
1 291
1 069
Living cost
418
418
418
418
Free-cash
779
636
873
651

Estimated living cost  is $418 per week

$288
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$818
$843
$447
$447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
641
social contributions
-
-
-
345
total
-
-
-
986
Employee
847
-
2 050
-
income
160
-
641
-
social contributions
70
-
345
-
total
230
-
986
-
Employer
847
-
2 050
-
total
-
-
-
-
Corporate
1 203
2 050
-
-
income
150
256
-
-
total
150
256
-
-
Dividends
1 052
1 794
-
-
withholding
210
359
-
-
total
210
359
-
-
Income
2 050
2 050
2 050
2 050
Total tax
590
615
986
986
After tax
1 460
1 435
1 064
1 064
Living cost
617
617
617
617
Free-cash
843
818
447
447

Estimated living cost  is $617 per week

$469
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
$882
$920
$1277
$1056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
income
-
-
-
308
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
-
-
-
380
Employee
497
-
2 000
-
income
54
-
501
-
social contributions
50
-
50
-
total
104
-
551
-
Employer
497
-
2 000
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 503
2 050
-
-
income
526
718
-
-
total
526
718
-
-
Dividends
977
1 332
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 050
2 050
2 050
2 050
Total tax
737
775
601
380
After tax
1 313
1 275
1 449
1 670
Living cost
393
393
393
393
Free-cash
920
882
1 056
1 277

Estimated living cost  is $393 per week

$259
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
$923
$987
$946
$761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
600
pensions
-
-
-
100
total
-
-
-
700
Employee
554
-
1 790
-
health
7
-
25
-
income
101
-
477
-
pensions
42
-
123
-
total
150
-
625
-
Employer
554
-
1 790
-
pensions
56
-
226
-
health
11
-
34
-
total
67
-
260
-
Corporate
1 429
2 050
-
-
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.

272
390
-
-
total
272
390
-
-
Dividends
1 158
1 660
-
-
withholding
170
333
-
-
total
170
333
-
-
Income
2 050
2 050
2 050
2 050
Total tax
659
723
885
700
After tax
1 391
1 327
1 165
1 350
Living cost
404
404
404
404
Free-cash
987
923
761
946

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
-$90
$127
$1145
$864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
574
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
649
Employee
403
-
1 855
-
health
46
-
212
-
income
55
-
441
-
pensions
45
-
82
-
total
146
-
735
-
Employer
403
-
1 855
-
accident
7
-
31
-
unemployment
10
-
45
-
pensions
66
-
119
-
total
83
-
195
-
Corporate
1 564
2 050
-
-
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.

1 408
1 845
-
-
total
1 408
1 845
-
-
Dividends
156
205
-
-
withholding
30
39
-
-
total
30
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 667
1 884
930
649
After tax
383
166
1 120
1 401
Living cost
257
257
257
257
Free-cash
127
-90
864
1 145

Estimated living cost  is $257 per week

$188
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
$1422
$1529
$1087
$1327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 050
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
340
pensions
-
-
-
319
unemployment
-
-
-
21
total
-
-
-
817
Employee

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

234
-
2 050
-
work injury
1
-
4
-
income
23
-
340
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
577
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 816
2 050
-
-
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
205
-
-
total
18
205
-
-
Dividends
1 798
1 845
-
-
withholding
270
277
-
-
total
270
277
-
-
Income
2 050
2 050
2 050
2 050
Total tax
375
482
577
817
After tax
1 675
1 568
1 473
1 233
Living cost
146
146
146
146
Free-cash
1 529
1 422
1 327
1 087

Estimated living cost  is $146 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$649
$600
$516
$426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
14
regional
-
-
-
47
national
-
-
-
515
social contributions
-
-
-
527
total
-
-
-
1 103
Employee
913
-
2 050
-
social contributions
308
-
691
-
regional
14
-
42
-
municipal
5
-
12
-
national
154
-
448
-
total
481
-
1 193
-
Employer
913
-
2 050
-
total
-
-
-
-
Corporate
1 137
2 050
-
-
nationa
273
492
-
-
municipal
55
99
-
-
total
328
591
-
-
Dividends
810
1 459
-
-
withholding
210
379
-
-
total
210
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 019
970
1 193
1 103
After tax
1 031
1 080
857
947
Living cost
431
431
431
431
Free-cash
600
649
426
516

Estimated living cost  is $431 per week

$303
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.
$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

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Estimated living cost

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