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
$ 2100
per

Your estimated
City
free-cash

Dresden , Germany
$731
$849
$740
$991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
251
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.

-
-
-
670
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.

-
-
-
37
total
-
-
-
1 032
Employee

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

414
-
2 100
-
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
-
37
-
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
-
670
-
total
87
-
781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 686
2 100
-
-
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
253
315
-
-
trade
266
331
-
-
chamber of commerce
4
5
-
-
total
537
668
-
-
Dividends
1 149
1 432
-
-
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.

16
19
-
-
withholding
283
354
-
-
total
299
373
-
-
Income
2 100
2 100
2 100
2 100
Total tax
923
1 041
781
1 032
After tax
1 177
1 059
1 319
1 068
Living cost
328
328
328
328
Free-cash
849
731
991
740

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
$763
$754
$673
$683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
231
pensions
-
-
-
252
national
-
-
-
374
social contributions
-
-
-
23
total
-
-
-
880
Employee
848
-
1 815
-
municipal
105
-
240
-
pensions
34
-
73
-
national
162
-
392
-
total
301
-
705
-
Employer
848
-
1 815
-
social contributions
9
-
20
-
pensions
68
-
145
-
total
77
-
165
-
Corporate
1 119
2 100
-
-
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%.

224
420
-
-
total
224
420
-
-
Dividends
895
1 680
-
-
withholding
197
370
-
-
total
197
370
-
-
Income
2 100
2 100
2 100
2 100
Total tax
799
790
870
880
After tax
1 301
1 310
1 230
1 220
Living cost
547
547
547
547
Free-cash
754
763
683
673

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
$1455
$1367
$517
$670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
microenterprise
-
-
-
-
income
-
-
-
408
surtax
-
-
-
535
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
-
-
-
1 358
Employee
317
-
1 612
-
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
-
-
234
-
income
56
-
341
-
total
91
-
717
-
Employer
317
-
1 612
-
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
-
-
177
-
total
76
-
488
-
Corporate
1 707
2 100
-
-
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%.

341
420
-
-
total
341
420
-
-
Dividends

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

1 366
1 680
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
508
420
1 205
1 358
After tax
1 592
1 680
895
742
Living cost
225
225
225
225
Free-cash
1 367
1 455
670
517

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
$589
$524
$691
$879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
694
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
955
Employee
925
925
1 899
-
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
305
-
pensions
166
127
127
-
total
459
399
566
-
Employer
925
925
1 899
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
1 024
1 013
-
-
income
205
203
-
-
total
205
203
-
-
Dividends
820
810
-
-
income
174
172
-
-
withholding
123
122
-
-
total
297
294
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 122
1 057
767
955
After tax
978
1 043
1 333
1 145
Living cost
454
454
454
454
Free-cash
524
589
879
691

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
$728
$718
$644
$635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
547
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
225
total
-
-
-
1 038
Employee
596
-
1 812
-
municipal
178
-
540
-
national
-
-
219
-
total
178
-
759
-
Employer
596
-
1 812
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
1 316
2 100
-
-
income
290
462
-
-
total
290
462
-
-
Dividends
1 027
1 638
-
-
withholding
308
491
-
-
total
308
491
-
-
Income
2 100
2 100
2 100
2 100
Total tax
963
953
1 047
1 038
After tax
1 137
1 147
1 053
1 062
Living cost
418
418
418
418
Free-cash
718
728
635
644

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
$623
$774
$630
$893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 100
trade
-
-
-
263
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.

-
-
-
670
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.

-
-
-
37
total
-
-
-
1 044
Employee

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

549
-
2 100
-
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
-
37
-
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
-
670
-
total
124
-
781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 551
2 100
-
-
surtax

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

13
17
-
-
income
233
315
-
-
trade
255
345
-
-
chamber of commerce
4
5
-
-
total
505
682
-
-
Dividends
1 046
1 418
-
-
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
257
350
-
-
total
271
369
-
-
Income
2 100
2 100
2 100
2 100
Total tax
900
1 051
781
1 044
After tax
1 200
1 049
1 319
1 056
Living cost
426
426
426
426
Free-cash
774
623
893
630

Estimated living cost  is $426 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
$1181
$1138
$1075
$1057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
445
health
-
-
-
54
social contributions
-
-
-
175
total
-
-
-
674
Employee
833
833
1 970
-
social contributions
40
69
93
-
health
8
14
34
-
income
87
77
436
-
total
135
160
563
-
Employer
833
833
1 970
-
social contributions
40
69
93
-
health
9
15
36
-
total
49
84
129
-
Corporate
1 563
1 183
-
-
income
195
148
-
-
total
195
148
-
-
Dividends
1 368
1 035
-
-
withholding
232
176
-
-
total
232
176
-
-
Income
2 100
2 100
2 100
2 100
Total tax
611
568
692
674
After tax
1 489
1 532
1 408
1 426
Living cost
351
351
351
351
Free-cash
1 138
1 181
1 057
1 075

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
$982
$988
$1257
$1020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
257
pensions
-
-
-
210
unemployment
-
-
-
32
health
-
-
-
147
total
-
-
-
646
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
1 757
-
health
20
8
123
-
income
35
14
215
-
pensions
28
11
176
-
unemployment
4
2
26
-
total
87
35
540
-
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
1 757
-
pensions
55
22
343
-
total
55
22
343
-
Corporate
1 761
1 965
-
-
income
158
177
-
-
total
158
177
-
-
Dividends
1 602
1 788
-
-
social contributions
311
347
-
-
withholding
304
340
-
-
total
615
687
-
-
Income
2 100
2 100
2 100
2 100
Total tax
915
921
883
646
After tax
1 185
1 179
1 217
1 454
Living cost
197
197
197
197
Free-cash
988
982
1 020
1 257

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
$1418
$1351
$864
$948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
281
pensions
-
-
-
420
health
-
-
-
273
total
-
-
-
974
Employee
307
-
1 570
-
income
35
-
303
-
pensions
6
-
31
-
unemployment
5
-
25
-
total
46
-
359
-
Employer
307
-
1 570
-
unemployment
2
-
13
-
pensions
61
-
314
-
health
40
-
204
-
total
103
-
531
-
Corporate
1 689
2 100
-
-
income
338
420
-
-
total
338
420
-
-
Dividends
1 351
1 680
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
487
420
890
974
After tax
1 613
1 680
1 210
1 126
Living cost
262
262
262
262
Free-cash
1 351
1 418
948
864

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
-$67
$134
$1198
$910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
3
income
-
-
-
590
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
665
Employee
373
-
1 903
-
health
43
-
218
-
income
51
-
455
-
pensions
42
-
82
-
total
136
-
755
-
Employer
373
-
1 903
-
accident
6
-
32
-
unemployment
9
-
47
-
pensions
61
-
119
-
total
76
-
198
-
Corporate
1 651
2 100
-
-
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.

1 486
1 890
-
-
total
1 486
1 890
-
-
Dividends
165
210
-
-
withholding
31
40
-
-
total
31
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 729
1 930
953
665
After tax
371
170
1 147
1 435
Living cost
237
237
237
237
Free-cash
134
-67
910
1 198

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
$1898
$1880
$1982
$1583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 100
microenterprise

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

-
-
-
21
total
-
-
-
21
Employee
122
-
2 100
-
income
24
-
420
-
total
24
-
420
-
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%.

1 978
2 100
-
-
total
-
-
-
-
Dividends
1 978
2 100
-
-
withholding
99
105
-
-
total
99
105
-
-
Income
2 100
2 100
2 100
2 100
Total tax
123
105
420
21
After tax
1 977
1 995
1 680
2 079
Living cost
97
97
97
97
Free-cash
1 880
1 898
1 583
1 982

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
$1254
$1178
$923
$906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
343
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
-
-
-
888
Employee
393
-
1 685
-
health
6
-
23
-
income
68
-
337
-
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
-
491
-
Employer
393
-
1 685
-
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
-
280
-
health
6
-
23
-
total
100
-
414
-
Corporate
1 608
2 100
-
-
income
338
441
-
-
total
338
441
-
-
Dividends
1 270
1 659
-
-
withholding
89
116
-
-
total
89
116
-
-
Income
2 100
2 100
2 100
2 100
Total tax
633
557
905
888
After tax
1 467
1 543
1 195
1 212
Living cost
289
289
289
289
Free-cash
1 178
1 254
906
923

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
$628
$697
$651
$463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
620
pensions
-
-
-
102
total
-
-
-
722
Employee
1 028
-
1 833
-
health
17
-
26
-
income
185
-
494
-
pensions
99
-
123
-
total
301
-
643
-
Employer
1 028
-
1 833
-
pensions
121
-
232
-
health
20
-
35
-
total
141
-
267
-
Corporate
931
2 100
-
-
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.

177
399
-
-
total
177
399
-
-
Dividends
754
1 701
-
-
withholding
57
346
-
-
total
57
346
-
-
Income
2 100
2 100
2 100
2 100
Total tax
676
745
910
722
After tax
1 424
1 355
1 190
1 378
Living cost
727
727
727
727
Free-cash
697
628
463
651

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
$1654
$1603
$1541
$1627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
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
-
-
-
417
Employee
188
-
2 026
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
203
-
pensions

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

17
-
33
-
total
47
-
257
-
Employer
188
-
2 026
-
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
1 875
2 100
-
-
income
187
210
-
-
total
187
210
-
-
Dividends
1 687
1 890
-
-
withholding
84
94
-
-
total
84
94
-
-
Income
2 100
2 100
2 100
2 100
Total tax
355
304
331
417
After tax
1 745
1 796
1 769
1 683
Living cost
142
142
142
142
Free-cash
1 603
1 654
1 627
1 541

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
$442
$470
$544
$732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
694
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
955
Employee
1 004
925
1 899
-
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
305
-
pensions
127
127
127
-
total
403
399
566
-
Employer
1 004
925
1 899
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
920
1 013
-
-
income
184
203
-
-
total
184
203
-
-
Dividends
736
810
-
-
income
156
172
-
-
withholding
110
122
-
-
total
266
294
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 029
1 057
767
955
After tax
1 071
1 043
1 333
1 145
Living cost
601
601
601
601
Free-cash
470
442
732
544

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
$1187
$1094
$956
$867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
216
health
-
-
-
284
solidarity contribution
-
-
-
12
social contributions
-
-
-
373
total
-
-
-
885
Employee
382
-
1 633
-
social contributions
25
-
83
-
health
52
-
221
-
solidarity contribution
-
-
4
-
income
46
-
199
-
total
123
-
507
-
Employer
382
-
1 633
-
social contributions
95
-
320
-
health
34
-
147
-
total
129
-
467
-
Corporate
1 589
2 100
-
-
income
302
399
-
-
total
302
399
-
-
Dividends
1 287
1 701
-
-
withholding
193
255
-
-
total
193
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
747
654
974
885
After tax
1 353
1 446
1 126
1 215
Living cost
259
259
259
259
Free-cash
1 094
1 187
867
956

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
$663
$607
$536
$441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
12
regional
-
-
-
25
national
-
-
-
530
social contributions
-
-
-
540
total
-
-
-
1 107
Employee
963
-
2 100
-
social contributions
325
-
708
-
regional
9
-
22
-
municipal
5
-
11
-
national
167
-
461
-
total
506
-
1 202
-
Employer
963
-
2 100
-
total
-
-
-
-
Corporate
1 137
2 100
-
-
nationa
273
504
-
-
municipal
44
82
-
-
total
317
586
-
-
Dividends
820
1 514
-
-
withholding
213
394
-
-
total
213
394
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 036
980
1 202
1 107
After tax
1 064
1 120
898
993
Living cost
457
457
457
457
Free-cash
607
663
441
536

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
$1082
$1049
$753
$685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
615
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
99
total
-
-
-
1 108
Employee
358
-
1 796
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
86
-
income
60
-
551
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
119
-
871
-
Employer
358
-
1 796
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
193
-
health
16
-
66
-
total
75
-
305
-
Corporate
1 666
2 100
-
-
income
433
546
-
-
total
433
546
-
-
Dividends
1 233
1 554
-
-
withholding
185
233
-
-
total
185
233
-
-
Income
2 100
2 100
2 100
2 100
Total tax
812
779
1 176
1 108
After tax
1 288
1 321
924
992
Living cost
239
239
239
239
Free-cash
1 049
1 082
685
753

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
$858
$929
$881
$693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
620
pensions
-
-
-
102
total
-
-
-
722
Employee
689
-
1 833
-
health
10
-
26
-
income
124
-
494
-
pensions
59
-
123
-
total
193
-
643
-
Employer
689
-
1 833
-
pensions
75
-
232
-
health
13
-
35
-
total
88
-
267
-
Corporate
1 323
2 100
-
-
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.

251
399
-
-
total
251
399
-
-
Dividends
1 072
1 701
-
-
withholding
142
346
-
-
total
142
346
-
-
Income
2 100
2 100
2 100
2 100
Total tax
674
745
910
722
After tax
1 426
1 355
1 190
1 378
Living cost
497
497
497
497
Free-cash
929
858
693
881

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
$141
$492
$864
$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
-
-
-
2 100
city
-
-
-
22
pensions
-
-
-
193
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.

-
-
-
42
regional
-
-
-
111
health
-
-
-
5
national
-
-
-
44
total
-
-
-
417
Employee
958
-
1 883
-
city
10
-
20
-
regional
31
-
96
-
health
2
-
4
-
pensions
80
-
155
-
unemployment
-
-
-
-
national
5
-
34
-
total
128
-
309
-
Employer
958
-
1 883
-
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
-
38
-
unemployment
-
-
-
-
pensions
80
-
155
-
health
2
-
4
-
total
101
-
197
-
Corporate
1 030
2 100
-
-
regional
218
444
-
-
national
88
179
-
-
total
306
623
-
-
Dividends
724
1 477
-
-
withholding
254
517
-
-
total
254
517
-
-
Income
2 100
2 100
2 100
2 100
Total tax
789
1 140
506
417
After tax
1 311
960
1 594
1 683
Living cost
819
819
819
819
Free-cash
492
141
775
864

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
$541
$716
$549
$823
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
274
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.

-
-
-
670
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.

-
-
-
37
total
-
-
-
1 055
Employee

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

651
-
2 100
-
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
-
37
-
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
-
670
-
total
155
-
781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 449
2 100
-
-
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
217
315
-
-
trade
249
360
-
-
chamber of commerce
4
5
-
-
total
482
697
-
-
Dividends
968
1 403
-
-
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
238
347
-
-
total
251
366
-
-
Income
2 100
2 100
2 100
2 100
Total tax
888
1 063
781
1 055
After tax
1 212
1 037
1 319
1 045
Living cost
496
496
496
496
Free-cash
716
541
823
549

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
$687
$753
$807
$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
-
-
-
2 100
income
-
-
-
346
pensions
-
-
-
356
other
-
-
-
65
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
922
Employee
464
-
1 617
-
social contributions
13
-
46
-
surtax
-
-
-
-
income
27
-
322
-
pensions
52
-
116
-
total
92
-
484
-
Employer
464
-
1 617
-
other
16
-
65
-
social contributions
1
-
5
-
unemployment
19
-
65
-
pensions
76
-
195
-
health
32
-
154
-
total
144
-
484
-
Corporate
1 492
2 100
-
-
surtax
-
-
-
-
income
418
588
-
-
total
418
588
-
-
Dividends
1 074
1 512
-
-
surtax
-
-
-
-
social contributions
185
260
-
-
withholding
137
194
-
-
total
322
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
976
1 042
968
922
After tax
1 124
1 058
1 132
1 178
Living cost
371
371
371
371
Free-cash
753
687
761
807

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
$724
$785
$844
$798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
346
pensions
-
-
-
356
other
-
-
-
65
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
922
Employee
414
-
1 617
-
social contributions
12
-
46
-
surtax
-
-
-
-
income
21
-
322
-
pensions
47
-
116
-
total
80
-
484
-
Employer
414
-
1 617
-
other
14
-
65
-
social contributions
1
-
5
-
unemployment
17
-
65
-
pensions
68
-
195
-
health
29
-
154
-
total
129
-
484
-
Corporate
1 557
2 100
-
-
surtax
-
-
-
-
income
436
588
-
-
total
436
588
-
-
Dividends
1 121
1 512
-
-
surtax
-
-
-
-
social contributions
193
260
-
-
withholding
143
194
-
-
total
336
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
981
1 042
968
922
After tax
1 119
1 058
1 132
1 178
Living cost
334
334
334
334
Free-cash
785
724
798
844

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
$1052
$1056
$1118
$1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
health
-
-
-
147
social contributions
-
-
-
290
total
-
-
-
752
Employee
367
-
2 100
-
social contributions
51
-
290
-
health
26
-
147
-
income
61
-
364
-
total
138
-
801
-
Employer
367
-
2 100
-
total
-
-
-
-
Corporate
1 733
2 100
-
-
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%.

87
105
-
-
total
87
105
-
-
Dividends
1 646
1 995
-
-
health
115
139
-
-
social contributions
227
275
-
-
withholding
247
299
-
-
total
589
713
-
-
Income
2 100
2 100
2 100
2 100
Total tax
814
818
801
752
After tax
1 286
1 282
1 299
1 348
Living cost
230
230
230
230
Free-cash
1 056
1 052
1 069
1 118

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
$779
$763
$697
$172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
chamber of commerce
-
-
-
8
income
-
-
-
614
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
1 021
Employee
541
432
1 702
-
other
5
4
13
-
health
21
17
49
-
income
62
32
503
-
pensions
55
44
130
-
unemployment
16
13
38
-
total
159
110
733
-
Employer
541
432
1 702
-
accident
7
6
16
-
other
26
20
77
-
chamber of commerce
2
2
7
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
159
-
payroll
16
13
51
-
health
20
16
48
-
total
157
126
398
-
Corporate
1 401
1 542
1 661
-
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.

350
385
415
-
total
350
385
415
-
Dividends
1 051
1 156
-
-
withholding
289
318
-
-
total
289
318
-
-
Income
2 100
2 100
2 100
2 100
Total tax
955
939
1 546
1 021
After tax
1 145
1 161
554
1 079
Living cost
382
382
382
382
Free-cash
763
779
172
697

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
$777
$617
$517
$335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
national
-
-
-
808
communal

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

-
-
-
110
social contributions
-
-
-
270
total
-
-
-
1 188
Employee

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

775
-
1 627
-
communal

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

40
-
85
-
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
-
76
-
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
-
122
-
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
-
600
-
total
379
-
897
-
Employer

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

775
-
1 627
-
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
-
24
-
surtax
88
-
184
-
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
-
144
-
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
-
100
-
total
226
-
473
-
Corporate
1 100
2 100
-
-
surtax
4
8
-
-
income
220
424
-
-
total
224
432
-
-
Dividends
875
1 668
-
-
withholding

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

259
496
-
-
total
259
496
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 088
928
1 370
1 188
After tax
1 012
1 172
730
912
Living cost
395
395
395
395
Free-cash
617
777
335
517

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
$1006
$932
$786
$740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
9
income
-
-
-
622
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
923
Employee
539
-
1 780
-
other
1
-
1
-
income
114
-
585
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
649
-
Employer
539
-
1 780
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
1 389
2 100
-
-
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.

208
315
-
-
total
208
315
-
-
Dividends
1 181
1 785
-
-
withholding
249
388
-
-
total
249
388
-
-
Income
2 100
2 100
2 100
2 100
Total tax
777
703
969
923
After tax
1 323
1 397
1 131
1 177
Living cost
391
391
391
391
Free-cash
932
1 006
740
786

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
$625
$481
$427
$512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
18
income
-
-
-
366
pensions
-
-
-
315
health
-
-
-
148
surtax
-
-
-
104
communal
-
-
-
133
total
-
-
-
1 084
Employee
820
-
1 876
-
health
37
-
83
-
surtax
50
-
115
-
income
79
-
427
-
pensions
66
-
150
-
total
232
-
775
-
Employer
820
-
1 876
-
accident
7
-
17
-
pensions
66
-
150
-
health
25
-
57
-
total
98
-
224
-
Corporate
1 182
2 100
-
-
surtax
12
22
-
-
communal
80
142
-
-
income
177
315
-
-
total
269
479
-
-
Dividends
912
1 621
-
-
income
294
164
-
-
withholding
137
243
-
-
total
431
407
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 030
886
999
1 084
After tax
1 070
1 214
1 101
1 016
Living cost
589
589
589
589
Free-cash
481
625
512
427

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
$1078
$1044
$749
$681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
615
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
99
total
-
-
-
1 108
Employee
365
-
1 796
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
86
-
income
61
-
551
-
pensions
24
-
96
-
unemployment
25
-
101
-
total
120
-
871
-
Employer
365
-
1 796
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
49
-
193
-
health
17
-
66
-
total
78
-
305
-
Corporate
1 658
2 100
-
-
income
431
546
-
-
total
431
546
-
-
Dividends
1 227
1 554
-
-
withholding
184
233
-
-
total
184
233
-
-
Income
2 100
2 100
2 100
2 100
Total tax
813
779
1 176
1 108
After tax
1 287
1 321
924
992
Living cost
243
243
243
243
Free-cash
1 044
1 078
681
749

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
$812
$787
$694
$600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
12
regional
-
-
-
32
national
-
-
-
530
social contributions
-
-
-
540
total
-
-
-
1 114
Employee
601
-
2 100
-
social contributions
203
-
708
-
regional
8
-
28
-
municipal
3
-
11
-
national
95
-
461
-
total
309
-
1 208
-
Employer
601
-
2 100
-
total
-
-
-
-
Corporate
1 499
2 100
-
-
nationa
360
504
-
-
municipal
75
104
-
-
total
435
608
-
-
Dividends
1 065
1 492
-
-
withholding
277
388
-
-
total
277
388
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 021
996
1 208
1 114
After tax
1 079
1 104
892
986
Living cost
292
292
292
292
Free-cash
787
812
600
694

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
$1126
$1012
$895
$806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
216
health
-
-
-
284
solidarity contribution
-
-
-
12
social contributions
-
-
-
373
total
-
-
-
885
Employee
470
-
1 633
-
social contributions
31
-
83
-
health
63
-
221
-
solidarity contribution
-
-
4
-
income
56
-
199
-
total
150
-
507
-
Employer
470
-
1 633
-
social contributions
118
-
320
-
health
42
-
147
-
total
160
-
467
-
Corporate
1 470
2 100
-
-
income
279
399
-
-
total
279
399
-
-
Dividends
1 191
1 701
-
-
withholding
179
255
-
-
total
179
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
768
654
974
885
After tax
1 332
1 446
1 126
1 215
Living cost
320
320
320
320
Free-cash
1 012
1 126
806
895

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
$816
$812
$735
$208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
chamber of commerce
-
-
-
8
income
-
-
-
614
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
1 019
Employee
473
432
1 704
-
other
5
4
13
-
health
18
17
49
-
income
42
32
504
-
pensions
48
44
130
-
unemployment
14
13
38
-
total
127
110
734
-
Employer
473
432
1 704
-
accident
6
6
16
-
other
22
20
77
-
chamber of commerce
2
2
7
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
159
-
payroll
14
13
51
-
health
18
16
48
-
total
135
124
396
-
Corporate
1 490
1 544
1 663
-
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.

373
386
416
-
total
373
386
416
-
Dividends
1 118
1 158
-
-
withholding
307
318
-
-
total
307
318
-
-
Income
2 100
2 100
2 100
2 100
Total tax
942
938
1 546
1 019
After tax
1 158
1 162
554
1 081
Living cost
346
346
346
346
Free-cash
812
816
208
735

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
$1843
$1814
$1927
$1528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 100
microenterprise

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

-
-
-
21
total
-
-
-
21
Employee
190
-
2 100
-
income
38
-
420
-
total
38
-
420
-
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%.

1 910
2 100
-
-
total
-
-
-
-
Dividends
1 910
2 100
-
-
withholding
96
105
-
-
total
96
105
-
-
Income
2 100
2 100
2 100
2 100
Total tax
134
105
420
21
After tax
1 966
1 995
1 680
2 079
Living cost
152
152
152
152
Free-cash
1 814
1 843
1 528
1 927

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
$1155
$1064
$719
$669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 100
income
-
-
-
496
pensions
-
-
-
384
unemployment
-
-
-
3
health
-
-
-
207
total
-
-
-
1 090
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
-
1 817
-
health
31
-
117
-
income
83
-
455
-
pensions
74
-
282
-
unemployment
1
-
3
-
total
189
-
857
-
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
-
1 817
-
unemployment
-
-
1
-
pensions
42
-
161
-
health
32
-
121
-
total
74
-
283
-
Corporate
1 546
2 100
-
-
income
294
399
-
-
total
294
399
-
-
Dividends
1 253
1 701
-
-
withholding
188
255
-
-
total
188
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
745
654
1 140
1 090
After tax
1 355
1 446
960
1 010
Living cost
291
291
291
291
Free-cash
1 064
1 155
669
719

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
$810
$294
$984
$1489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
409
social contributions
-
-
-
239
total
-
-
-
648
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
Corporate
484
2 100
-
-
income
106
462
-
-
total
106
462
-
-
Dividends
377
1 638
-
-
income
83
360
-
-
total
83
360
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 338
822
143
648
After tax
762
1 278
1 957
1 452
Living cost
468
468
468
468
Free-cash
294
810
1 489
984

Estimated living cost  is $468 per week

$304
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
$854
$843
$772
$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

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.

-
-
-
2 100
income
-
-
-
258
surtax
-
-
-
-
social contributions

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

-
-
-
730
total
-
-
-
988
Employee
498
-
1 697
-
social contributions
55
-
187
-
surtax
-
-
-
-
income
104
-
557
-
total
159
-
744
-
Employer
498
-
1 697
-
social contributions
118
-
403
-
total
118
-
403
-
Corporate
1 484
2 100
-
-
surtax
-
-
-
-
income
312
441
-
-
total
312
441
-
-
Dividends
1 172
1 659
-
-
withholding
328
465
-
-
total
328
465
-
-
Income
2 100
2 100
2 100
2 100
Total tax
917
906
1 147
988
After tax
1 183
1 194
953
1 112
Living cost
340
340
340
340
Free-cash
843
854
613
772

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
$535
$612
$655
$609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
346
pensions
-
-
-
356
other
-
-
-
65
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
922
Employee
678
-
1 617
-
social contributions
19
-
46
-
surtax
-
-
-
-
income
59
-
322
-
pensions
77
-
116
-
total
155
-
484
-
Employer
678
-
1 617
-
other
23
-
65
-
social contributions
2
-
5
-
unemployment
27
-
65
-
pensions
111
-
195
-
health
47
-
154
-
total
210
-
484
-
Corporate
1 210
2 100
-
-
surtax
-
-
-
-
income
339
588
-
-
total
339
588
-
-
Dividends
871
1 512
-
-
surtax
-
-
-
-
social contributions
150
260
-
-
withholding
111
194
-
-
total
261
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
965
1 042
968
922
After tax
1 135
1 058
1 132
1 178
Living cost
523
523
523
523
Free-cash
612
535
609
655

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
$1564
$1527
$1214
$1270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
98
social contributions
-
-
-
462
total
-
-
-
560
Employee
348
-
1 818
-
income
-
-
104
-
social contributions
23
-
118
-
total
23
-
222
-
Employer
348
-
1 818
-
social contributions
54
-
282
-
total
54
-
282
-
Corporate
1 698
2 100
-
-
income
170
210
-
-
total
170
210
-
-
Dividends
1 528
1 890
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
247
210
504
560
After tax
1 853
1 890
1 596
1 540
Living cost
326
326
326
326
Free-cash
1 527
1 564
1 270
1 214

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
-$261
-$261
$706
-$261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
443
pensions
-
-
-
9
national
-
-
-
253
labour market
-
-
-
167
total
-
-
-
872
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
2 100
2 100
2 100
2 100
Total tax
1 839
1 839
1 839
872
After tax
261
261
261
1 228
Living cost
522
522
522
522
Free-cash
-261
-261
-261
706

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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$63
$135
$1202
$914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
3
income
-
-
-
590
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
665
Employee
367
-
1 903
-
health
42
-
218
-
income
50
-
455
-
pensions
41
-
82
-
total
133
-
755
-
Employer
367
-
1 903
-
accident
6
-
32
-
unemployment
9
-
47
-
pensions
60
-
119
-
total
75
-
198
-
Corporate
1 658
2 100
-
-
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.

1 492
1 890
-
-
total
1 492
1 890
-
-
Dividends
166
210
-
-
withholding
32
40
-
-
total
32
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 732
1 930
953
665
After tax
368
170
1 147
1 435
Living cost
233
233
233
233
Free-cash
135
-63
914
1 202

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
$888
$920
$910
$670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 100
municipal
-
-
-
373
health
-
-
-
28
national
-
-
-
373
total
-
-
-
774
Employee
570
-
1 767
-
health
4
-
23
-
municipal
93
-
288
-
pensions
38
-
119
-
unemployment
9
-
26
-
national
9
-
224
-
total
153
-
680
-
Employer
570
-
1 767
-
accident
1
-
2
-
unemployment
4
-
11
-
pensions
99
-
307
-
health
4
-
14
-
total
108
-
334
-
Corporate
1 423
2 100
-
-
income
285
420
-
-
total
285
420
-
-
Dividends

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

854
1 260
-
-
national
64
149
-
-
municipal
154
227
-
-
total
218
376
-
-
Income
2 100
2 100
2 100
2 100
Total tax
764
796
1 014
774
After tax
1 336
1 304
1 086
1 326
Living cost
416
416
416
416
Free-cash
920
888
670
910

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
$1281
$1223
$1175
$1157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
445
health
-
-
-
54
social contributions
-
-
-
175
total
-
-
-
674
Employee
833
833
1 970
-
social contributions
31
69
93
-
health
6
14
34
-
income
91
77
436
-
total
128
160
563
-
Employer
833
833
1 970
-
social contributions
31
69
93
-
health
7
15
36
-
total
38
84
129
-
Corporate
1 682
1 183
-
-
income
210
148
-
-
total
210
148
-
-
Dividends
1 472
1 035
-
-
withholding
250
176
-
-
total
250
176
-
-
Income
2 100
2 100
2 100
2 100
Total tax
626
568
692
674
After tax
1 474
1 532
1 408
1 426
Living cost
251
251
251
251
Free-cash
1 223
1 281
1 157
1 175

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
$1567
$1512
$1605
$1388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 100
income
-
-
-
215
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
323
Employee

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

249
-
1 994
-
health
21
-
87
-
income
17
-
188
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
434
-
Employer

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

249
-
1 994
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 826
2 100
-
-
income
164
189
-
-
total
164
189
-
-
Dividends
1 661
1 911
-
-
withholding
150
172
-
-
total
150
172
-
-
Income
2 100
2 100
2 100
2 100
Total tax
416
361
540
323
After tax
1 684
1 739
1 560
1 777
Living cost
172
172
172
172
Free-cash
1 512
1 567
1 388
1 605

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
$1099
$1052
$879
$833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
9
income
-
-
-
622
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
923
Employee
401
-
1 780
-
other
-
-
1
-
income
77
-
585
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
649
-
Employer
401
-
1 780
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 572
2 100
-
-
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.

236
315
-
-
total
236
315
-
-
Dividends
1 336
1 785
-
-
withholding
284
388
-
-
total
284
388
-
-
Income
2 100
2 100
2 100
2 100
Total tax
750
703
969
923
After tax
1 350
1 397
1 131
1 177
Living cost
298
298
298
298
Free-cash
1 052
1 099
833
879

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
$1280
$1276
$1317
$1316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
715
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
753
Employee
45
-
2 076
-
health
2
-
5
-
income
9
-
714
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
730
-
Employer
45
-
2 076
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
2 045
2 100
-
-
income
450
462
-
-
total
450
462
-
-
Dividends
1 595
1 638
-
-
withholding
319
328
-
-
total
319
328
-
-
Income
2 100
2 100
2 100
2 100
Total tax
794
790
754
753
After tax
1 306
1 310
1 346
1 347
Living cost
30
30
30
30
Free-cash
1 276
1 280
1 316
1 317

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
$1330
$1276
$1131
$1131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
480
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
782
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
-
1 957
-
health
15
-
41
-
income
39
-
480
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
639
-
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
-
1 957
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 767
2 100
-
-
income
265
315
-
-
total
265
315
-
-
Dividends
1 502
1 785
-
-
withholding
225
268
-
-
total
225
268
-
-
Income
2 100
2 100
2 100
2 100
Total tax
637
583
782
782
After tax
1 463
1 517
1 318
1 318
Living cost
187
187
187
187
Free-cash
1 276
1 330
1 131
1 131

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
$902
$899
$820
$661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 100
income
-
-
-
258
surtax
-
-
-
-
social contributions

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

-
-
-
730
total
-
-
-
988
Employee
420
-
1 697
-
social contributions
46
-
187
-
surtax
-
-
-
-
income
82
-
557
-
total
128
-
744
-
Employer
420
-
1 697
-
social contributions
100
-
403
-
total
100
-
403
-
Corporate
1 580
2 100
-
-
surtax
-
-
-
-
income
332
441
-
-
total
332
441
-
-
Dividends
1 248
1 659
-
-
withholding
349
465
-
-
total
349
465
-
-
Income
2 100
2 100
2 100
2 100
Total tax
909
906
1 147
988
After tax
1 191
1 194
953
1 112
Living cost
292
292
292
292
Free-cash
899
902
661
820

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
$1016
$945
$796
$750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
9
income
-
-
-
622
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
923
Employee
523
-
1 780
-
other
1
-
1
-
income
109
-
585
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
649
-
Employer
523
-
1 780
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
237
-
total
166
-
320
-
Corporate
1 410
2 100
-
-
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.

212
315
-
-
total
212
315
-
-
Dividends
1 199
1 785
-
-
withholding
253
388
-
-
total
253
388
-
-
Income
2 100
2 100
2 100
2 100
Total tax
774
703
969
923
After tax
1 326
1 397
1 131
1 177
Living cost
381
381
381
381
Free-cash
945
1 016
750
796

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
$1610
$1544
$1497
$1583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
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
-
-
-
417
Employee
247
-
2 026
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
203
-
pensions

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

22
-
33
-
total
61
-
257
-
Employer
247
-
2 026
-
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
1 805
2 100
-
-
income
180
210
-
-
total
180
210
-
-
Dividends
1 624
1 890
-
-
withholding
81
94
-
-
total
81
94
-
-
Income
2 100
2 100
2 100
2 100
Total tax
370
304
331
417
After tax
1 730
1 796
1 769
1 683
Living cost
186
186
186
186
Free-cash
1 544
1 610
1 583
1 497

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
$663
$805
$672
$901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
229
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.

-
-
-
670
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.

-
-
-
37
total
-
-
-
1 010
Employee

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

539
-
2 100
-
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
-
37
-
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
-
670
-
total
120
-
781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 561
2 100
-
-
surtax

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

13
17
-
-
income
234
315
-
-
trade
224
301
-
-
chamber of commerce
4
5
-
-
total
475
638
-
-
Dividends
1 086
1 462
-
-
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
20
-
-
withholding
267
361
-
-
total
282
381
-
-
Income
2 100
2 100
2 100
2 100
Total tax
877
1 019
781
1 010
After tax
1 223
1 081
1 319
1 090
Living cost
418
418
418
418
Free-cash
805
663
901
672

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
$852
$877
$467
$467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
661
social contributions
-
-
-
355
total
-
-
-
1 016
Employee
847
-
2 100
-
income
160
-
661
-
social contributions
70
-
355
-
total
230
-
1 016
-
Employer
847
-
2 100
-
total
-
-
-
-
Corporate
1 253
2 100
-
-
income
157
263
-
-
total
157
263
-
-
Dividends
1 096
1 837
-
-
withholding
219
368
-
-
total
219
368
-
-
Income
2 100
2 100
2 100
2 100
Total tax
606
631
1 016
1 016
After tax
1 494
1 469
1 084
1 084
Living cost
617
617
617
617
Free-cash
877
852
467
467

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
$915
$952
$1320
$1088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
315
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
-
-
-
387
Employee
497
-
2 050
-
income
54
-
519
-
social contributions
50
-
50
-
total
104
-
569
-
Employer
497
-
2 050
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 553
2 100
-
-
income
544
735
-
-
total
544
735
-
-
Dividends
1 010
1 365
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 100
2 100
2 100
2 100
Total tax
755
792
619
387
After tax
1 345
1 308
1 481
1 713
Living cost
393
393
393
393
Free-cash
952
915
1 088
1 320

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
$951
$1015
$974
$786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
620
pensions
-
-
-
102
total
-
-
-
722
Employee
554
-
1 833
-
health
7
-
26
-
income
101
-
494
-
pensions
42
-
123
-
total
150
-
643
-
Employer
554
-
1 833
-
pensions
56
-
232
-
health
11
-
35
-
total
67
-
267
-
Corporate
1 479
2 100
-
-
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.

281
399
-
-
total
281
399
-
-
Dividends
1 198
1 701
-
-
withholding
183
346
-
-
total
183
346
-
-
Income
2 100
2 100
2 100
2 100
Total tax
681
745
910
722
After tax
1 419
1 355
1 190
1 378
Living cost
404
404
404
404
Free-cash
1 015
951
786
974

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
-$87
$130
$1178
$890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
3
income
-
-
-
590
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
665
Employee
404
-
1 903
-
health
46
-
218
-
income
55
-
455
-
pensions
45
-
82
-
total
146
-
755
-
Employer
404
-
1 903
-
accident
7
-
32
-
unemployment
10
-
47
-
pensions
66
-
119
-
total
83
-
198
-
Corporate
1 614
2 100
-
-
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.

1 453
1 890
-
-
total
1 453
1 890
-
-
Dividends
161
210
-
-
withholding
31
40
-
-
total
31
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 713
1 930
953
665
After tax
387
170
1 147
1 435
Living cost
257
257
257
257
Free-cash
130
-87
890
1 178

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
$1461
$1571
$1128
$1368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
349
pensions
-
-
-
319
unemployment
-
-
-
21
total
-
-
-
826
Employee

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

234
-
2 100
-
work injury
1
-
4
-
income
23
-
349
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
586
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 866
2 100
-
-
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%.

19
210
-
-
total
19
210
-
-
Dividends
1 847
1 890
-
-
withholding
277
283
-
-
total
277
283
-
-
Income
2 100
2 100
2 100
2 100
Total tax
383
493
586
826
After tax
1 717
1 607
1 514
1 274
Living cost
146
146
146
146
Free-cash
1 571
1 461
1 368
1 128

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
$674
$626
$536
$444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
14
regional
-
-
-
48
national
-
-
-
530
social contributions
-
-
-
540
total
-
-
-
1 132
Employee
913
-
2 100
-
social contributions
308
-
708
-
regional
14
-
43
-
municipal
5
-
13
-
national
154
-
461
-
total
481
-
1 225
-
Employer
913
-
2 100
-
total
-
-
-
-
Corporate
1 187
2 100
-
-
nationa
285
504
-
-
municipal
57
101
-
-
total
342
605
-
-
Dividends
845
1 495
-
-
withholding
220
389
-
-
total
220
389
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 043
994
1 225
1 132
After tax
1 057
1 106
875
968
Living cost
432
432
432
432
Free-cash
626
674
444
536

Estimated living cost  is $432 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

Close
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Estimated living cost

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