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
$ 2150
per

Your estimated
City
free-cash

Dresden , Germany
$720
$999
$748
$853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
668
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
health

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

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

-
-
-
82
trade
-
-
-
251
total
-
-
-
1 038
Employee

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

460
-
2 150
-
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.

13
-
668
-
health

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

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

82
-
82
-
total
96
-
787
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 690
2 150
-
-
income
254
322
-
-
surtax

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

14
18
-
-
chamber of commerce
4
5
-
-
trade
266
339
-
-
total
538
684
-
-
Dividends
1 152
1 466
-
-
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
20
-
-
withholding
283
362
-
-
total
299
382
-
-
Income
2 150
2 150
2 150
2 150
Total tax
933
1 066
787
1 038
After tax
1 217
1 084
1 363
1 112
Living cost
364
364
364
364
Free-cash
853
720
999
748

Estimated living cost  is $364 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$704
$648
$632
$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
-
-
-
2 150
social contributions
-
-
-
23
municipal
-
-
-
235
national
-
-
-
364
pensions
-
-
-
258
total
-
-
-
880
Employee
988
-
1 859
-
municipal
122
-
243
-
pensions
40
-
74
-
national
189
-
378
-
total
351
-
695
-
Employer
988
-
1 859
-
pensions
79
-
149
-
social contributions
11
-
20
-
total
90
-
169
-
Corporate
1 007
2 150
-
-
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%.

201
430
-
-
total
201
430
-
-
Dividends
805
1 720
-
-
withholding
177
378
-
-
total
177
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
819
808
864
880
After tax
1 331
1 342
1 286
1 270
Living cost
638
638
638
638
Free-cash
693
704
648
632

Estimated living cost  is $638 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1470
$655
$495
$1370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
396
surtax
-
-
-
548
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.

-
-
-
461
microenterprise
-
-
-
-
total
-
-
-
1 405
Employee
351
-
1 626
-
surtax
-
-
236
-
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.

39
-
158
-
income
63
-
327
-
total
102
-
721
-
Employer
351
-
1 626
-
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.

85
-
345
-
surtax
-
-
179
-
total
85
-
524
-
Corporate
1 714
2 150
-
-
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%.

343
430
-
-
total
343
430
-
-
Dividends

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

1 371
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
530
430
1 245
1 405
After tax
1 620
1 720
905
745
Living cost
250
250
250
250
Free-cash
1 370
1 470
655
495

Estimated living cost  is $250 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$562
$842
$681
$488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
676
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
965
Employee
1 027
1 027
1 927
-
pensions
185
141
141
-
income

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

168
168
291
-
health
158
134
148
-
total
511
443
580
-
Employer
1 027
1 027
1 927
-
health
71
71
89
-
pensions
71
71
89
-
unemployment
37
37
46
-
total
179
179
224
-
Corporate
956
943
-
-
income
191
189
-
-
total
191
189
-
-
Dividends
765
755
-
-
income
162
160
-
-
withholding
115
113
-
-
total
277
273
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 158
1 084
804
965
After tax
992
1 066
1 346
1 185
Living cost
504
504
504
504
Free-cash
488
562
842
681

Estimated living cost  is $504 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$680
$599
$611
$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
-
-
-
2 150
accident
-
-
-
2
other
-
-
-
126
unemployment
-
-
-
1
health
-
-
-
68
municipal
-
-
-
548
national
-
-
-
183
pensions
-
-
-
117
total
-
-
-
1 045
Employee
704
-
1 810
-
municipal
210
-
540
-
national
-
-
176
-
total
210
-
716
-
Employer
704
-
1 810
-
health
43
-
67
-
pensions
76
-
117
-
accident
1
-
2
-
unemployment
19
-
29
-
other
82
-
126
-
total
221
-
341
-
Corporate
1 225
2 150
-
-
income
269
473
-
-
total
269
473
-
-
Dividends
955
1 677
-
-
withholding
287
503
-
-
total
287
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
987
976
1 057
1 045
After tax
1 163
1 174
1 093
1 105
Living cost
494
494
494
494
Free-cash
669
680
599
611

Estimated living cost  is $494 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Stockholm model

Close
Hamburg , Germany
$601
$891
$629
$771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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.

-
-
-
668
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
health

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

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

-
-
-
82
trade
-
-
-
262
total
-
-
-
1 049
Employee

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

610
-
2 150
-
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.

52
-
668
-
health

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

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

82
-
82
-
total
137
-
787
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 540
2 150
-
-
income
231
322
-
-
surtax

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

13
18
-
-
chamber of commerce
4
5
-
-
trade
253
354
-
-
total
501
699
-
-
Dividends
1 039
1 451
-
-
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
20
-
-
withholding
255
358
-
-
total
269
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
907
1 077
787
1 049
After tax
1 243
1 073
1 363
1 101
Living cost
472
472
472
472
Free-cash
771
601
891
629

Estimated living cost  is $472 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1178
$1058
$1077
$1129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
433
social contributions
-
-
-
195
health
-
-
-
55
total
-
-
-
683
Employee
925
925
2 009
-
social contributions
45
77
104
-
income
97
86
423
-
health
9
16
34
-
total
151
179
561
-
Employer
925
925
2 009
-
health
10
17
37
-
social contributions
45
77
104
-
total
55
94
141
-
Corporate
1 554
1 131
-
-
income
194
141
-
-
total
194
141
-
-
Dividends
1 360
990
-
-
withholding
231
168
-
-
total
231
168
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
582
702
683
After tax
1 519
1 568
1 448
1 467
Living cost
390
390
390
390
Free-cash
1 129
1 178
1 058
1 077

Estimated living cost  is $390 per week

$267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$985
$1025
$1268
$992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
263
unemployment
-
-
-
32
health
-
-
-
151
pensions
-
-
-
215
total
-
-
-
661
Employee

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

The minimum wage is 138,000 HUF per month.

319
127
1 799
-
unemployment
5
2
27
-
pensions
32
13
180
-
income
39
16
220
-
health
22
9
126
-
total
98
40
553
-
Employer

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

The minimum wage is 138,000 HUF per month.

319
127
1 799
-
pensions
62
25
351
-
total
62
25
351
-
Corporate
1 769
1 998
-
-
income
159
180
-
-
total
159
180
-
-
Dividends
1 610
1 819
-
-
social contributions
312
353
-
-
withholding
306
346
-
-
total
618
699
-
-
Income
2 150
2 150
2 150
2 150
Total tax
937
944
904
661
After tax
1 213
1 206
1 246
1 489
Living cost
221
221
221
221
Free-cash
992
985
1 025
1 268

Estimated living cost  is $221 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$1430
$949
$863
$1356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
288
health
-
-
-
279
pensions
-
-
-
430
total
-
-
-
997
Employee
341
-
1 607
-
unemployment
5
-
26
-
pensions
7
-
32
-
income
38
-
310
-
total
50
-
368
-
Employer
341
-
1 607
-
health
44
-
209
-
pensions
68
-
321
-
unemployment
3
-
13
-
total
115
-
543
-
Corporate
1 693
2 150
-
-
income
339
430
-
-
total
339
430
-
-
Dividends
1 355
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
504
430
911
997
After tax
1 646
1 720
1 239
1 153
Living cost
290
290
290
290
Free-cash
1 356
1 430
949
863

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$94
$901
$1201
$134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
595
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
681
Employee
422
-
1 936
-
pensions
47
-
93
-
income
58
-
453
-
health
48
-
222
-
total
153
-
768
-
Employer
422
-
1 936
-
pensions
69
-
134
-
accident
7
-
32
-
unemployment
10
-
47
-
total
86
-
213
-
Corporate
1 642
2 150
-
-
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.

1 478
1 935
-
-
total
1 478
1 935
-
-
Dividends
164
215
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 748
1 976
981
681
After tax
402
174
1 169
1 469
Living cost
268
268
268
268
Free-cash
134
-94
901
1 201

Estimated living cost  is $268 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1945
$1623
$2031
$1928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
121
-
2 150
-
income
24
-
430
-
total
24
-
430
-
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%.

2 029
2 150
-
-
total
-
-
-
-
Dividends
2 029
2 150
-
-
withholding
101
108
-
-
total
101
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
108
430
22
After tax
2 025
2 042
1 720
2 128
Living cost
97
97
97
97
Free-cash
1 928
1 945
1 623
2 031

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
$1259
$898
$889
$1179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
335
other
-
-
-
87
health
-
-
-
80
pensions

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

-
-
-
439
total
-
-
-
941
Employee
437
-
1 717
-
unemployment
4
-
17
-
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.

31
-
120
-
income
75
-
338
-
health
6
-
24
-
total
116
-
499
-
Employer
437
-
1 717
-
health
6
-
24
-
pensions

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

74
-
292
-
accident
3
-
14
-
unemployment
4
-
17
-
other
22
-
86
-
total
109
-
433
-
Corporate
1 603
2 150
-
-
income
337
452
-
-
total
337
452
-
-
Dividends
1 267
1 698
-
-
withholding
89
119
-
-
total
89
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
651
571
932
941
After tax
1 499
1 579
1 218
1 209
Living cost
320
320
320
320
Free-cash
1 179
1 259
898
889

Estimated living cost  is $320 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$605
$430
$625
$650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
620
pensions
-
-
-
108
total
-
-
-
728
Employee
1 128
-
1 878
-
pensions
109
-
133
-
income
203
-
490
-
health
19
-
27
-
total
331
-
650
-
Employer
1 128
-
1 878
-
health
21
-
36
-
pensions
133
-
237
-
total
154
-
273
-
Corporate
867
2 150
-
-
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.

165
408
-
-
total
165
408
-
-
Dividends
703
1 742
-
-
withholding
53
340
-
-
total
53
340
-
-
Income
2 150
2 150
2 150
2 150
Total tax
703
748
923
728
After tax
1 447
1 402
1 227
1 422
Living cost
797
797
797
797
Free-cash
650
605
430
625

Estimated living cost  is $797 per week

$597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$1680
$1641
$1557
$1625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
323
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
435
Employee
209
-
2 068
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
207
-
health
10
-
19
-
total
51
-
268
-
Employer
209
-
2 068
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 900
2 150
-
-
income
190
215
-
-
total
190
215
-
-
Dividends
1 710
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
367
312
351
435
After tax
1 783
1 838
1 799
1 715
Living cost
158
158
158
158
Free-cash
1 625
1 680
1 641
1 557

Estimated living cost  is $158 per week

$92
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$399
$679
$518
$428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
676
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
965
Employee
1 115
1 027
1 927
-
pensions
141
141
141
-
income

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

168
168
291
-
health
139
134
148
-
total
448
443
580
-
Employer
1 115
1 027
1 927
-
health
77
71
89
-
pensions
78
71
89
-
unemployment
40
37
46
-
total
195
179
224
-
Corporate
840
943
-
-
income
168
189
-
-
total
168
189
-
-
Dividends
672
755
-
-
income
143
160
-
-
withholding
101
113
-
-
total
244
273
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 055
1 084
804
965
After tax
1 095
1 066
1 346
1 185
Living cost
667
667
667
667
Free-cash
428
399
679
518

Estimated living cost  is $667 per week

$492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$60
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1181
$821
$917
$1073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
214
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
290
total
-
-
-
934
Employee
439
-
1 635
-
solidarity contribution
-
-
-
-
social contributions
29
-
96
-
income
53
-
198
-
health
59
-
221
-
total
141
-
515
-
Employer
439
-
1 635
-
health
40
-
147
-
social contributions
110
-
368
-
total
150
-
515
-
Corporate
1 561
2 150
-
-
income
297
409
-
-
total
297
409
-
-
Dividends
1 265
1 741
-
-
withholding
190
261
-
-
total
190
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
778
670
1 030
934
After tax
1 372
1 480
1 120
1 216
Living cost
299
299
299
299
Free-cash
1 073
1 181
821
917

Estimated living cost  is $299 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$640
$422
$519
$578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
25
municipal
-
-
-
13
national
-
-
-
533
total
-
-
-
1 124
Employee
1 069
-
2 150
-
municipal
6
-
11
-
national
185
-
463
-
regional
10
-
22
-
social contributions
360
-
725
-
total
561
-
1 221
-
Employer
1 069
-
2 150
-
total
-
-
-
-
Corporate
1 081
2 150
-
-
municipal
42
84
-
-
nationa
259
516
-
-
total
301
600
-
-
Dividends
780
1 550
-
-
withholding
203
403
-
-
total
203
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 065
1 003
1 221
1 124
After tax
1 085
1 147
929
1 026
Living cost
507
507
507
507
Free-cash
578
640
422
519

Estimated living cost  is $507 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1087
$678
$751
$1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
602
other
-
-
-
-
surtax
-
-
-
94
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
1 134
Employee
398
-
1 812
-
other
-
-
-
-
unemployment
28
-
112
-
pensions
27
-
107
-
surtax
1
-
79
-
income
67
-
530
-
health
10
-
41
-
total
133
-
869
-
Employer
398
-
1 812
-
health
18
-
73
-
pensions
53
-
214
-
unemployment
13
-
51
-
other
-
-
-
-
total
84
-
338
-
Corporate
1 669
2 150
-
-
income
434
559
-
-
total
434
559
-
-
Dividends
1 235
1 591
-
-
withholding
185
239
-
-
total
185
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
836
798
1 207
1 134
After tax
1 314
1 352
943
1 016
Living cost
265
265
265
265
Free-cash
1 049
1 087
678
751

Estimated living cost  is $265 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$857
$682
$877
$936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
620
pensions
-
-
-
108
total
-
-
-
728
Employee
756
-
1 878
-
pensions
64
-
133
-
income
136
-
490
-
health
11
-
27
-
total
211
-
650
-
Employer
756
-
1 878
-
health
14
-
36
-
pensions
82
-
237
-
total
96
-
273
-
Corporate
1 298
2 150
-
-
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.

247
408
-
-
total
247
408
-
-
Dividends
1 051
1 742
-
-
withholding
115
340
-
-
total
115
340
-
-
Income
2 150
2 150
2 150
2 150
Total tax
669
748
923
728
After tax
1 481
1 402
1 227
1 422
Living cost
545
545
545
545
Free-cash
936
857
682
877

Estimated living cost  is $545 per week

$408
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.
$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

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
$31
$690
$789
$438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
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.

-
-
-
43
regional
-
-
-
105
health
-
-
-
5
city
-
-
-
23
national
-
-
-
35
pensions
-
-
-
198
total
-
-
-
409
Employee
1 115
-
1 924
-
unemployment
-
-
-
-
pensions
94
-
162
-
national
5
-
26
-
regional
36
-
91
-
city
12
-
21
-
health
3
-
4
-
total
150
-
304
-
Employer
1 115
-
1 924
-
health
3
-
4
-
pensions
94
-
162
-
unemployment
-
-
-
-
other

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

22
-
38
-
total
119
-
204
-
Corporate
905
2 150
-
-
regional
191
455
-
-
national
77
183
-
-
total
268
638
-
-
Dividends
636
1 513
-
-
withholding
223
529
-
-
total
223
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
760
1 167
508
409
After tax
1 390
983
1 642
1 741
Living cost
952
952
952
952
Free-cash
438
31
690
789

Estimated living cost  is $952 per week

$619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$512
$812
$539
$705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
668
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
health

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

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

-
-
-
82
trade
-
-
-
273
total
-
-
-
1 060
Employee

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

723
-
2 150
-
surtax

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

5
-
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.

85
-
668
-
health

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

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

82
-
82
-
total
172
-
787
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 427
2 150
-
-
income
214
322
-
-
surtax

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

12
18
-
-
chamber of commerce
4
5
-
-
trade
245
369
-
-
total
475
714
-
-
Dividends
953
1 436
-
-
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
234
354
-
-
total
247
373
-
-
Income
2 150
2 150
2 150
2 150
Total tax
894
1 087
787
1 060
After tax
1 256
1 063
1 363
1 090
Living cost
551
551
551
551
Free-cash
705
512
812
539

Estimated living cost  is $551 per week

$402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$673
$767
$800
$742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
339
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
380
total
-
-
-
939
Employee
515
-
1 664
-
pensions
58
-
116
-
surtax
-
-
-
-
social contributions
15
-
47
-
income
30
-
323
-
total
103
-
486
-
Employer
515
-
1 664
-
health
36
-
154
-
pensions
85
-
195
-
unemployment
21
-
67
-
social contributions
2
-
5
-
other
18
-
65
-
total
162
-
486
-
Corporate
1 475
2 150
-
-
income
413
602
-
-
surtax
-
-
-
-
total
413
602
-
-
Dividends
1 062
1 548
-
-
surtax
-
-
-
-
social contributions
183
266
-
-
withholding
136
198
-
-
total
319
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
997
1 066
972
939
After tax
1 153
1 084
1 178
1 211
Living cost
411
411
411
411
Free-cash
742
673
767
800

Estimated living cost  is $411 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$713
$807
$840
$779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
339
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
380
total
-
-
-
939
Employee
459
-
1 664
-
pensions
52
-
116
-
surtax
-
-
-
-
social contributions
13
-
47
-
income
24
-
323
-
total
89
-
486
-
Employer
459
-
1 664
-
health
32
-
154
-
pensions
75
-
195
-
unemployment
19
-
67
-
social contributions
1
-
5
-
other
16
-
65
-
total
143
-
486
-
Corporate
1 547
2 150
-
-
income
433
602
-
-
surtax
-
-
-
-
total
433
602
-
-
Dividends
1 114
1 548
-
-
surtax
-
-
-
-
social contributions
192
266
-
-
withholding
143
198
-
-
total
335
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 000
1 066
972
939
After tax
1 150
1 084
1 178
1 211
Living cost
371
371
371
371
Free-cash
779
713
807
840

Estimated living cost  is $371 per week

$215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Marseille model

Close
Vilnius , Lithuania
$1057
$1080
$1126
$1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
322
social contributions
-
-
-
297
health
-
-
-
150
total
-
-
-
769
Employee
408
-
2 150
-
social contributions
56
-
297
-
income
68
-
368
-
health
28
-
150
-
total
152
-
815
-
Employer
408
-
2 150
-
total
-
-
-
-
Corporate
1 742
2 150
-
-
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
107
-
-
total
87
107
-
-
Dividends
1 655
2 043
-
-
social contributions
228
282
-
-
withholding
248
306
-
-
health
116
143
-
-
total
592
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
831
838
815
769
After tax
1 319
1 312
1 335
1 381
Living cost
255
255
255
255
Free-cash
1 064
1 057
1 080
1 126

Estimated living cost  is $255 per week

$171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Vilnius model

Close
Vienna , Austria
$766
$146
$680
$748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
594
surtax
-
-
-
2
unemployment
-
-
-
74
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
1 046
Employee
601
479
1 720
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
62
49
144
-
income
68
35
478
-
health
23
19
54
-
total
177
122
732
-
Employer
601
479
1 720
-
chamber of commerce
2
2
7
-
health
23
18
53
-
pensions
75
60
176
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
52
-
other
29
23
79
-
total
175
139
429
-
Corporate
1 374
1 530
1 675
-
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.

343
383
419
-
total
343
383
419
-
Dividends
1 030
1 148
-
-
withholding
283
316
-
-
total
283
316
-
-
Income
2 150
2 150
2 150
2 150
Total tax
978
960
1 580
1 046
After tax
1 172
1 190
570
1 104
Living cost
424
424
424
424
Free-cash
748
766
146
680

Estimated living cost  is $424 per week

$283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$764
$317
$494
$584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal

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

-
-
-
111
social contributions
-
-
-
300
national
-
-
-
807
total
-
-
-
1 218
Employee

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

860
-
1 665
-
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
-
communal

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

45
-
87
-
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.

65
-
125
-
national
264
-
606
-
health

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

40
-
78
-
total
421
-
910
-
Employer

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

860
-
1 665
-
health

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

53
-
102
-
pensions

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

76
-
148
-
accident

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

11
-
22
-
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.

13
-
24
-
surtax
98
-
189
-
total
251
-
485
-
Corporate
1 039
2 150
-
-
income
208
430
-
-
surtax
4
9
-
-
total
212
439
-
-
Dividends
827
1 711
-
-
withholding

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

244
509
-
-
total
244
509
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 128
948
1 395
1 218
After tax
1 022
1 202
755
932
Living cost
438
438
438
438
Free-cash
584
764
317
494

Estimated living cost  is $438 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Brussels model

Close
Barcelona , Spain
$999
$723
$773
$917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
10
income
-
-
-
609
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
943
Employee
599
-
1 795
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
568
-
total
164
-
638
-
Employer
599
-
1 795
-
pensions
141
-
263
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
355
-
Corporate
1 361
2 150
-
-
income

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

204
322
-
-
total
204
322
-
-
Dividends
1 156
1 828
-
-
withholding
240
395
-
-
total
240
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
799
717
993
943
After tax
1 351
1 433
1 157
1 207
Living cost
434
434
434
434
Free-cash
917
999
723
773

Estimated living cost  is $434 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$602
$490
$405
$445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal
-
-
-
136
accident
-
-
-
18
income
-
-
-
357
surtax
-
-
-
107
health
-
-
-
151
pensions
-
-
-
322
total
-
-
-
1 091
Employee
911
-
1 921
-
pensions
73
-
154
-
surtax
56
-
118
-
income
88
-
419
-
health
41
-
85
-
total
258
-
776
-
Employer
911
-
1 921
-
health
28
-
59
-
pensions
73
-
154
-
accident
8
-
17
-
total
109
-
230
-
Corporate
1 130
2 150
-
-
communal
76
145
-
-
income
170
322
-
-
surtax
12
23
-
-
total
258
490
-
-
Dividends
873
1 660
-
-
income
295
155
-
-
withholding
131
249
-
-
total
426
404
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 051
894
1 006
1 091
After tax
1 099
1 256
1 144
1 059
Living cost
654
654
654
654
Free-cash
445
602
490
405

Estimated living cost  is $654 per week

$490
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.
$117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1082
$673
$746
$1045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
602
other
-
-
-
-
surtax
-
-
-
94
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
1 134
Employee
405
-
1 812
-
other
-
-
-
-
unemployment
28
-
112
-
pensions
27
-
107
-
surtax
1
-
79
-
income
68
-
530
-
health
10
-
41
-
total
134
-
869
-
Employer
405
-
1 812
-
health
18
-
73
-
pensions
54
-
214
-
unemployment
13
-
51
-
other
-
-
-
-
total
85
-
338
-
Corporate
1 660
2 150
-
-
income
432
559
-
-
total
432
559
-
-
Dividends
1 228
1 591
-
-
withholding
184
239
-
-
total
184
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 207
1 134
After tax
1 315
1 352
943
1 016
Living cost
270
270
270
270
Free-cash
1 045
1 082
673
746

Estimated living cost  is $270 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$806
$598
$695
$778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
32
municipal
-
-
-
13
national
-
-
-
533
total
-
-
-
1 131
Employee
667
-
2 150
-
municipal
4
-
11
-
national
106
-
463
-
regional
9
-
29
-
social contributions
225
-
725
-
total
344
-
1 228
-
Employer
667
-
2 150
-
total
-
-
-
-
Corporate
1 483
2 150
-
-
municipal
74
107
-
-
nationa
356
516
-
-
total
430
623
-
-
Dividends
1 053
1 527
-
-
withholding
274
397
-
-
total
274
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 048
1 020
1 228
1 131
After tax
1 102
1 130
922
1 019
Living cost
324
324
324
324
Free-cash
778
806
598
695

Estimated living cost  is $324 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1112
$752
$848
$981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
214
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
290
total
-
-
-
934
Employee
541
-
1 635
-
solidarity contribution
-
-
-
-
social contributions
35
-
96
-
income
65
-
198
-
health
73
-
221
-
total
173
-
515
-
Employer
541
-
1 635
-
health
49
-
147
-
social contributions
135
-
368
-
total
184
-
515
-
Corporate
1 424
2 150
-
-
income
271
409
-
-
total
271
409
-
-
Dividends
1 154
1 741
-
-
withholding
173
261
-
-
total
173
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
801
670
1 030
934
After tax
1 349
1 480
1 120
1 216
Living cost
368
368
368
368
Free-cash
981
1 112
752
848

Estimated living cost  is $368 per week

$274
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$808
$187
$722
$800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
594
surtax
-
-
-
-
unemployment
-
-
-
74
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
1 044
Employee
526
479
1 722
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
54
49
144
-
income
47
35
479
-
health
20
19
54
-
total
142
122
733
-
Employer
526
479
1 722
-
chamber of commerce
2
2
7
-
health
20
18
53
-
pensions
66
60
176
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
52
-
other
25
23
79
-
total
152
137
427
-
Corporate
1 473
1 533
1 677
-
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.

368
383
419
-
total
368
383
419
-
Dividends
1 105
1 150
-
-
withholding
304
316
-
-
total
304
316
-
-
Income
2 150
2 150
2 150
2 150
Total tax
966
958
1 579
1 044
After tax
1 184
1 192
571
1 106
Living cost
384
384
384
384
Free-cash
800
808
187
722

Estimated living cost  is $384 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1891
$1569
$1977
$1863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
189
-
2 150
-
income
38
-
430
-
total
38
-
430
-
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%.

1 961
2 150
-
-
total
-
-
-
-
Dividends
1 961
2 150
-
-
withholding
98
108
-
-
total
98
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
136
108
430
22
After tax
2 014
2 042
1 720
2 128
Living cost
151
151
151
151
Free-cash
1 863
1 891
1 569
1 977

Estimated living cost  is $151 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$1157
$668
$725
$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

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.

-
-
-
2 150
income
-
-
-
494
unemployment
-
-
-
3
health
-
-
-
212
pensions
-
-
-
393
total
-
-
-
1 102
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.

532
-
1 860
-
unemployment
1
-
3
-
pensions
82
-
288
-
income
92
-
458
-
health
34
-
120
-
total
209
-
869
-
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.

532
-
1 860
-
health
35
-
124
-
pensions
47
-
165
-
unemployment
-
-
1
-
total
82
-
290
-
Corporate
1 535
2 150
-
-
income
292
409
-
-
total
292
409
-
-
Dividends
1 244
1 741
-
-
withholding
187
261
-
-
total
187
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
770
670
1 159
1 102
After tax
1 380
1 480
991
1 048
Living cost
323
323
323
323
Free-cash
1 057
1 157
668
725

Estimated living cost  is $323 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$781
$1462
$959
$199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
419
social contributions
-
-
-
245
total
-
-
-
664
Employee
755
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
755
-
-
-
social contributions
1 065
-
152
-
total
1 065
-
152
-
Corporate
330
2 150
-
-
income
73
473
-
-
total
73
473
-
-
Dividends
258
1 677
-
-
income
57
369
-
-
total
57
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 424
842
161
664
After tax
726
1 308
1 989
1 486
Living cost
527
527
527
527
Free-cash
199
781
1 462
959

Estimated living cost  is $527 per week

$342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$845
$609
$773
$834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
253
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 000
Employee
553
-
1 737
-
surtax
-
-
-
-
social contributions
61
-
191
-
income
115
-
560
-
total
176
-
751
-
Employer
553
-
1 737
-
social contributions
131
-
413
-
total
131
-
413
-
Corporate
1 466
2 150
-
-
income
308
452
-
-
surtax
-
-
-
-
total
308
452
-
-
Dividends
1 158
1 698
-
-
withholding
324
476
-
-
total
324
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
939
928
1 164
1 000
After tax
1 211
1 222
986
1 150
Living cost
377
377
377
377
Free-cash
834
845
609
773

Estimated living cost  is $377 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$503
$597
$630
$585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
339
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
380
total
-
-
-
939
Employee
753
-
1 664
-
pensions
85
-
116
-
surtax
-
-
-
-
social contributions
21
-
47
-
income
66
-
323
-
total
172
-
486
-
Employer
753
-
1 664
-
health
53
-
154
-
pensions
124
-
195
-
unemployment
31
-
67
-
social contributions
2
-
5
-
other
26
-
65
-
total
236
-
486
-
Corporate
1 162
2 150
-
-
income
325
602
-
-
surtax
-
-
-
-
total
325
602
-
-
Dividends
836
1 548
-
-
surtax
-
-
-
-
social contributions
144
266
-
-
withholding
107
198
-
-
total
251
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
984
1 066
972
939
After tax
1 166
1 084
1 178
1 211
Living cost
581
581
581
581
Free-cash
585
503
597
630

Estimated living cost  is $581 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1573
$1277
$1220
$1533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
95
social contributions
-
-
-
473
total
-
-
-
568
Employee
387
-
1 861
-
income
-
-
101
-
social contributions
25
-
121
-
total
25
-
222
-
Employer
387
-
1 861
-
social contributions
60
-
289
-
total
60
-
289
-
Corporate
1 703
2 150
-
-
income
170
215
-
-
total
170
215
-
-
Dividends
1 533
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
255
215
511
568
After tax
1 895
1 935
1 639
1 582
Living cost
362
362
362
362
Free-cash
1 533
1 573
1 277
1 220

Estimated living cost  is $362 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$467
-$467
$688
-$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
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
449
national
-
-
-
253
pensions
-
-
-
10
total
-
-
-
883
Employee
2 443
2 443
2 443
-
municipal
520
520
520
-
labour market
195
195
195
-
pensions
3
3
3
-
national
298
298
298
-
total
1 016
1 016
1 016
-
Employer
2 443
2 443
2 443
-
national
299
299
299
-
labour market
195
195
195
-
pensions
7
7
7
-
municipal
521
521
521
-
total
1 022
1 022
1 022
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
2 038
2 038
2 038
883
After tax
112
112
112
1 267
Living cost
579
579
579
579
Free-cash
-467
-467
-467
688

Estimated living cost  is $579 per week

$396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$90
$905
$1205
$133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
595
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
681
Employee
415
-
1 936
-
pensions
47
-
93
-
income
57
-
453
-
health
48
-
222
-
total
152
-
768
-
Employer
415
-
1 936
-
pensions
68
-
134
-
accident
7
-
32
-
unemployment
10
-
47
-
total
85
-
213
-
Corporate
1 650
2 150
-
-
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.

1 485
1 935
-
-
total
1 485
1 935
-
-
Dividends
165
215
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 753
1 976
981
681
After tax
397
174
1 169
1 469
Living cost
264
264
264
264
Free-cash
133
-90
905
1 205

Estimated living cost  is $264 per week

$192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$883
$663
$920
$913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 150
health
-
-
-
28
municipal
-
-
-
382
national
-
-
-
358
total
-
-
-
768
Employee
633
-
1 809
-
municipal
104
-
295
-
unemployment
9
-
27
-
pensions
43
-
122
-
national
10
-
216
-
health
5
-
23
-
total
171
-
683
-
Employer
633
-
1 809
-
health
5
-
14
-
pensions
110
-
314
-
accident
1
-
2
-
unemployment
4
-
12
-
total
120
-
342
-
Corporate
1 398
2 150
-
-
income
280
430
-
-
total
280
430
-
-
Dividends

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

839
1 290
-
-
municipal
151
232
-
-
national
53
143
-
-
total
204
375
-
-
Income
2 150
2 150
2 150
2 150
Total tax
775
805
1 025
768
After tax
1 375
1 345
1 125
1 382
Living cost
462
462
462
462
Free-cash
913
883
663
920

Estimated living cost  is $462 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1290
$1170
$1189
$1224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
433
social contributions
-
-
-
195
health
-
-
-
55
total
-
-
-
683
Employee
925
925
2 009
-
social contributions
35
77
104
-
income
101
86
423
-
health
7
16
34
-
total
143
179
561
-
Employer
925
925
2 009
-
health
8
17
37
-
social contributions
35
77
104
-
total
43
94
141
-
Corporate
1 686
1 131
-
-
income
211
141
-
-
total
211
141
-
-
Dividends
1 475
990
-
-
withholding
251
168
-
-
total
251
168
-
-
Income
2 150
2 150
2 150
2 150
Total tax
648
582
702
683
After tax
1 502
1 568
1 448
1 467
Living cost
278
278
278
278
Free-cash
1 224
1 290
1 170
1 189

Estimated living cost  is $278 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1589
$1378
$1620
$1530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 150
income
-
-
-
219
unemployment
-
-
-
-
health
-
-
-
44
pensions
-
-
-
76
total
-
-
-
339
Employee

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

276
-
2 032
-
unemployment
1
-
6
-
pensions
41
-
171
-
income
19
-
189
-
health
23
-
97
-
total
84
-
463
-
Employer

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

276
-
2 032
-
health
12
-
49
-
pensions
15
-
63
-
unemployment
1
-
6
-
total
28
-
118
-
Corporate
1 846
2 150
-
-
income
166
194
-
-
total
166
194
-
-
Dividends
1 679
1 956
-
-
withholding
151
176
-
-
total
151
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
429
370
581
339
After tax
1 721
1 780
1 569
1 811
Living cost
191
191
191
191
Free-cash
1 530
1 589
1 378
1 620

Estimated living cost  is $191 per week

$122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$1102
$826
$876
$1048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
10
income
-
-
-
609
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
943
Employee
445
-
1 795
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
86
-
568
-
total
114
-
638
-
Employer
445
-
1 795
-
pensions
105
-
263
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
142
-
355
-
Corporate
1 564
2 150
-
-
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.

235
322
-
-
total
235
322
-
-
Dividends
1 329
1 828
-
-
withholding
280
395
-
-
total
280
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
771
717
993
943
After tax
1 379
1 433
1 157
1 207
Living cost
331
331
331
331
Free-cash
1 048
1 102
826
876

Estimated living cost  is $331 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1319
$1359
$1361
$1315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
737
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
766
Employee
35
-
2 131
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
736
-
health
2
-
4
-
total
12
-
749
-
Employer
35
-
2 131
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
2 107
2 150
-
-
income
463
473
-
-
total
463
473
-
-
Dividends
1 643
1 677
-
-
withholding
329
335
-
-
total
329
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
812
808
768
766
After tax
1 338
1 342
1 382
1 384
Living cost
23
23
23
23
Free-cash
1 315
1 319
1 359
1 361

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1346
$1118
$1119
$1287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
487
unemployment
-
-
-
13
health
-
-
-
92
pensions
-
-
-
231
total
-
-
-
823
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.

314
-
1 991
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
487
-
health
16
-
46
-
total
105
-
664
-
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.

314
-
1 991
-
health
16
-
46
-
pensions
38
-
107
-
unemployment
2
-
7
-
total
56
-
160
-
Corporate
1 780
2 150
-
-
income
267
322
-
-
total
267
322
-
-
Dividends
1 513
1 828
-
-
withholding
227
274
-
-
total
227
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
655
596
824
823
After tax
1 495
1 554
1 326
1 327
Living cost
208
208
208
208
Free-cash
1 287
1 346
1 118
1 119

Estimated living cost  is $208 per week

$140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$898
$662
$826
$895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
253
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 000
Employee
467
-
1 737
-
surtax
-
-
-
-
social contributions
51
-
191
-
income
91
-
560
-
total
142
-
751
-
Employer
467
-
1 737
-
social contributions
111
-
413
-
total
111
-
413
-
Corporate
1 572
2 150
-
-
income
330
452
-
-
surtax
-
-
-
-
total
330
452
-
-
Dividends
1 242
1 698
-
-
withholding
348
476
-
-
total
348
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
931
928
1 164
1 000
After tax
1 219
1 222
986
1 150
Living cost
324
324
324
324
Free-cash
895
898
662
826

Estimated living cost  is $324 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1010
$734
$784
$930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
10
income
-
-
-
609
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
943
Employee
581
-
1 795
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
568
-
total
158
-
638
-
Employer
581
-
1 795
-
pensions
137
-
263
-
accident
12
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
186
-
355
-
Corporate
1 384
2 150
-
-
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
322
-
-
total
208
322
-
-
Dividends
1 176
1 828
-
-
withholding
245
395
-
-
total
245
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
797
717
993
943
After tax
1 353
1 433
1 157
1 207
Living cost
423
423
423
423
Free-cash
930
1 010
734
784

Estimated living cost  is $423 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1631
$1592
$1508
$1558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
323
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
435
Employee
274
-
2 068
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
207
-
health
13
-
19
-
total
67
-
268
-
Employer
274
-
2 068
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 822
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 640
1 935
-
-
withholding
82
97
-
-
total
82
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
385
312
351
435
After tax
1 765
1 838
1 799
1 715
Living cost
207
207
207
207
Free-cash
1 558
1 631
1 592
1 508

Estimated living cost  is $207 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$642
$899
$671
$799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
668
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
health

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

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

-
-
-
82
trade
-
-
-
228
total
-
-
-
1 015
Employee

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

598
-
2 150
-
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.

49
-
668
-
health

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

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

82
-
82
-
total
134
-
787
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 552
2 150
-
-
income
233
322
-
-
surtax

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

13
18
-
-
chamber of commerce
4
5
-
-
trade
223
309
-
-
total
473
654
-
-
Dividends
1 079
1 496
-
-
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
265
370
-
-
total
280
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
887
1 044
787
1 015
After tax
1 263
1 106
1 363
1 135
Living cost
464
464
464
464
Free-cash
799
642
899
671

Estimated living cost  is $464 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$820
$445
$445
$846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
661
social contributions
-
-
-
359
total
-
-
-
1 020
Employee
941
-
2 150
-
income
178
-
661
-
social contributions
78
-
359
-
total
256
-
1 020
-
Employer
941
-
2 150
-
total
-
-
-
-
Corporate
1 209
2 150
-
-
income
151
269
-
-
total
151
269
-
-
Dividends
1 058
1 881
-
-
withholding
212
376
-
-
total
212
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
619
645
1 020
1 020
After tax
1 531
1 505
1 130
1 130
Living cost
685
685
685
685
Free-cash
846
820
445
445

Estimated living cost  is $685 per week

$521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$897
$1090
$1299
$939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 150
income
-
-
-
342
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
-
-
-
414
Employee
552
-
2 095
-
income
60
-
513
-
social contributions
55
-
55
-
total
115
-
568
-
Employer
552
-
2 095
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 543
2 150
-
-
income
540
752
-
-
total
540
752
-
-
Dividends
1 003
1 398
-
-
social contributions
64
64
-
-
total
64
64
-
-
Income
2 150
2 150
2 150
2 150
Total tax
774
816
623
414
After tax
1 376
1 334
1 527
1 736
Living cost
437
437
437
437
Free-cash
939
897
1 090
1 299

Estimated living cost  is $437 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$959
$784
$979
$1030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
620
pensions
-
-
-
108
total
-
-
-
728
Employee
608
-
1 878
-
pensions
46
-
133
-
income
111
-
490
-
health
8
-
27
-
total
165
-
650
-
Employer
608
-
1 878
-
health
12
-
36
-
pensions
61
-
237
-
total
73
-
273
-
Corporate
1 469
2 150
-
-
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.

279
408
-
-
total
279
408
-
-
Dividends
1 190
1 742
-
-
withholding
160
340
-
-
total
160
340
-
-
Income
2 150
2 150
2 150
2 150
Total tax
677
748
923
728
After tax
1 473
1 402
1 227
1 422
Living cost
443
443
443
443
Free-cash
1 030
959
784
979

Estimated living cost  is $443 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$116
$879
$1179
$131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
595
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
681
Employee
457
-
1 936
-
pensions
51
-
93
-
income
63
-
453
-
health
52
-
222
-
total
166
-
768
-
Employer
457
-
1 936
-
pensions
74
-
134
-
accident
8
-
32
-
unemployment
11
-
47
-
total
93
-
213
-
Corporate
1 600
2 150
-
-
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.

1 440
1 935
-
-
total
1 440
1 935
-
-
Dividends
160
215
-
-
withholding
30
41
-
-
total
30
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 729
1 976
981
681
After tax
421
174
1 169
1 469
Living cost
290
290
290
290
Free-cash
131
-116
879
1 179

Estimated living cost  is $290 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1648
$1368
$1104
$1591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
355
unemployment
-
-
-
23
work injury
-
-
-
10
health insurance
-
-
-
142
pensions
-
-
-
354
total
-
-
-
884
Employee

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

260
-
2 150
-
health insurance
19
-
71
-
unemployment
3
-
12
-
work injury
1
-
5
-
pensions
48
-
177
-
income
26
-
355
-
total
97
-
620
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 890
2 150
-
-
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
21
-
-
total
19
21
-
-
Dividends
1 871
2 129
-
-
withholding
281
319
-
-
total
281
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
397
340
620
884
After tax
1 753
1 810
1 530
1 266
Living cost
162
162
162
162
Free-cash
1 591
1 648
1 368
1 104

Estimated living cost  is $162 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$653
$426
$522
$599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
49
municipal
-
-
-
14
national
-
-
-
533
total
-
-
-
1 149
Employee
1 013
-
2 150
-
municipal
6
-
13
-
national
171
-
463
-
regional
15
-
44
-
social contributions
342
-
725
-
total
534
-
1 245
-
Employer
1 013
-
2 150
-
total
-
-
-
-
Corporate
1 137
2 150
-
-
municipal
55
104
-
-
nationa
273
516
-
-
total
328
620
-
-
Dividends
809
1 530
-
-
withholding
210
398
-
-
total
210
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 072
1 018
1 245
1 149
After tax
1 078
1 132
905
1 001
Living cost
479
479
479
479
Free-cash
599
653
426
522

Estimated living cost  is $479 per week

$337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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