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
$1004
$728
$751
$858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
674
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
trade
-
-
-
253
total
-
-
-
1 044
Employee

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

448
-
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
-
674
-
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.

80
-
80
-
total
94
-
791
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 702
2 150
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
268
339
-
-
income
255
323
-
-
total
541
685
-
-
Dividends
1 160
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
286
362
-
-
total
302
382
-
-
Income
2 150
2 150
2 150
2 150
Total tax
937
1 067
791
1 044
After tax
1 213
1 083
1 359
1 106
Living cost
355
355
355
355
Free-cash
858
728
1 004
751

Estimated living cost  is $355 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$659
$721
$648
$711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
258
national
-
-
-
365
municipal
-
-
-
235
total
-
-
-
881
Employee
962
-
1 859
-
municipal
119
-
244
-
national
184
-
383
-
pensions
38
-
74
-
total
341
-
701
-
Employer
962
-
1 859
-
pensions
77
-
149
-
social contributions
10
-
20
-
total
87
-
169
-
Corporate
1 037
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%.

207
430
-
-
total
207
430
-
-
Dividends
830
1 720
-
-
withholding
183
378
-
-
total
183
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
818
808
870
881
After tax
1 332
1 342
1 280
1 269
Living cost
621
621
621
621
Free-cash
711
721
659
648

Estimated living cost  is $621 per week

$422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$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

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
$665
$1476
$505
$1380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
449
income
-
-
-
404
surtax
-
-
-
548
microenterprise
-
-
-
-
total
-
-
-
1 401
Employee
342
-
1 634
-
surtax
-
-
237
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

38
-
154
-
income
61
-
334
-
total
99
-
725
-
Employer
342
-
1 634
-
surtax
-
-
180
-
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.

82
-
336
-
total
82
-
516
-
Corporate
1 725
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%.

345
430
-
-
total
345
430
-
-
Dividends

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

1 380
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
526
430
1 241
1 401
After tax
1 624
1 720
909
749
Living cost
244
244
244
244
Free-cash
1 380
1 476
665
505

Estimated living cost  is $244 per week

$156
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$862
$573
$691
$502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
144
income
-
-
-
687
pensions
-
-
-
137
total
-
-
-
968
Employee
1 001
1 001
1 932
-
income

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

164
164
298
-
pensions
180
137
137
-
health
154
131
144
-
total
498
432
579
-
Employer
1 001
1 001
1 932
-
unemployment
36
36
45
-
health
70
70
86
-
pensions
70
70
87
-
total
176
176
218
-
Corporate
987
974
-
-
income
197
195
-
-
total
197
195
-
-
Dividends
789
779
-
-
income
168
166
-
-
withholding
118
117
-
-
total
286
283
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 157
1 086
797
968
After tax
993
1 064
1 353
1 182
Living cost
491
491
491
491
Free-cash
502
573
862
691

Estimated living cost  is $491 per week

$348
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$604
$686
$616
$676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
124
health
-
-
-
67
accident
-
-
-
2
pensions
-
-
-
116
national
-
-
-
187
unemployment
-
-
-
1
municipal
-
-
-
549
total
-
-
-
1 046
Employee
695
-
1 814
-
municipal
207
-
541
-
national
-
-
181
-
total
207
-
722
-
Employer
695
-
1 814
-
other
81
-
124
-
unemployment
18
-
28
-
health
43
-
66
-
accident
1
-
2
-
pensions
75
-
116
-
total
218
-
336
-
Corporate
1 237
2 150
-
-
income
272
473
-
-
total
272
473
-
-
Dividends
965
1 677
-
-
withholding
289
503
-
-
total
289
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
986
976
1 058
1 046
After tax
1 164
1 174
1 092
1 104
Living cost
488
488
488
488
Free-cash
676
686
604
616

Estimated living cost  is $488 per week

$323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$899
$612
$635
$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

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

-
-
-
2 150
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.

-
-
-
80
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.

-
-
-
674
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
trade
-
-
-
264
total
-
-
-
1 055
Employee

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

594
-
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.

51
-
674
-
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.

80
-
80
-
total
134
-
791
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 556
2 150
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
256
354
-
-
income
233
323
-
-
total
506
700
-
-
Dividends
1 050
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
258
358
-
-
total
272
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
912
1 078
791
1 055
After tax
1 238
1 072
1 359
1 095
Living cost
460
460
460
460
Free-cash
778
612
899
635

Estimated living cost  is $460 per week

$308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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 Hamburg model

Close
Limassol , Cyprus
$1067
$1188
$1085
$1139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
health
-
-
-
55
income
-
-
-
440
total
-
-
-
685
Employee
901
901
2 012
-
social contributions
44
75
101
-
income
95
83
430
-
health
9
15
34
-
total
148
173
565
-
Employer
901
901
2 012
-
health
10
17
37
-
social contributions
44
75
101
-
total
54
92
138
-
Corporate
1 569
1 158
-
-
income
196
145
-
-
total
196
145
-
-
Dividends
1 373
1 013
-
-
withholding
233
172
-
-
total
233
172
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
582
703
685
After tax
1 519
1 568
1 447
1 465
Living cost
380
380
380
380
Free-cash
1 139
1 188
1 067
1 085

Estimated living cost  is $380 per week

$260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Limassol model

Close
Budapest , Hungary
$1029
$991
$1272
$995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
151
income
-
-
-
263
pensions
-
-
-
215
unemployment
-
-
-
32
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.

313
124
1 799
-
income
38
15
220
-
pensions
31
12
180
-
health
22
9
126
-
unemployment
5
2
27
-
total
96
38
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.

313
124
1 799
-
pensions
61
24
351
-
total
61
24
351
-
Corporate
1 776
2 001
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 616
1 821
-
-
social contributions
314
354
-
-
withholding
307
346
-
-
total
621
700
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
942
904
661
After tax
1 212
1 208
1 246
1 489
Living cost
217
217
217
217
Free-cash
995
991
1 029
1 272

Estimated living cost  is $217 per week

$148
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.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$956
$1437
$869
$1365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
280
income
-
-
-
288
pensions
-
-
-
430
total
-
-
-
998
Employee
332
-
1 607
-
income
37
-
310
-
pensions
7
-
32
-
unemployment
5
-
26
-
total
49
-
368
-
Employer
332
-
1 607
-
unemployment
3
-
13
-
health
43
-
209
-
pensions
66
-
321
-
total
112
-
543
-
Corporate
1 705
2 150
-
-
income
341
430
-
-
total
341
430
-
-
Dividends
1 364
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
502
430
911
998
After tax
1 648
1 720
1 239
1 152
Living cost
283
283
283
283
Free-cash
1 365
1 437
956
869

Estimated living cost  is $283 per week

$194
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.
$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 Tallinn model

Close
Gdansk , Poland
$910
-$86
$1210
$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
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
598
pensions
-
-
-
49
total
-
-
-
680
Employee
408
-
1 940
-
income
56
-
458
-
pensions
46
-
90
-
health
47
-
222
-
total
149
-
770
-
Employer
408
-
1 940
-
unemployment
10
-
48
-
accident
7
-
32
-
pensions
66
-
130
-
total
83
-
210
-
Corporate
1 658
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.

1 493
1 935
-
-
total
1 493
1 935
-
-
Dividends
166
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 757
1 976
980
680
After tax
393
174
1 170
1 470
Living cost
260
260
260
260
Free-cash
133
-86
910
1 210

Estimated living cost  is $260 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1623
$1946
$2032
$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.

-
-
-
21
total
-
-
-
21
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
107
-
-
total
101
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
107
430
21
After tax
2 025
2 043
1 720
2 129
Living cost
97
97
97
97
Free-cash
1 928
1 946
1 623
2 032

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
$905
$1267
$907
$1190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
85
health
-
-
-
78
income
-
-
-
340
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.

-
-
-
428
total
-
-
-
931
Employee
425
-
1 717
-
income
73
-
339
-
pensions

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

30
-
120
-
health
6
-
24
-
unemployment
4
-
17
-
total
113
-
500
-
Employer
425
-
1 717
-
other
21
-
86
-
unemployment
4
-
17
-
health
6
-
24
-
accident
3
-
14
-
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.

72
-
292
-
total
106
-
433
-
Corporate
1 617
2 150
-
-
income
340
452
-
-
total
340
452
-
-
Dividends
1 278
1 698
-
-
withholding
89
119
-
-
total
89
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
648
571
933
931
After tax
1 502
1 579
1 217
1 219
Living cost
312
312
312
312
Free-cash
1 190
1 267
905
907

Estimated living cost  is $312 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.
$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.
$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 Bratislava model

Close
London , United Kingdom
$444
$618
$638
$670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
624
pensions
-
-
-
107
total
-
-
-
731
Employee
1 104
-
1 877
-
income
199
-
495
-
health
18
-
27
-
pensions
107
-
131
-
total
324
-
653
-
Employer
1 104
-
1 877
-
health
21
-
36
-
pensions
130
-
237
-
total
151
-
273
-
Corporate
894
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.

170
408
-
-
total
170
408
-
-
Dividends
724
1 742
-
-
withholding
54
344
-
-
total
54
344
-
-
Income
2 150
2 150
2 150
2 150
Total tax
699
752
926
731
After tax
1 451
1 398
1 224
1 419
Living cost
780
780
780
780
Free-cash
670
618
444
638

Estimated living cost  is $780 per week

$585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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.
$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

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
$1653
$1686
$1567
$1633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
income
-
-
-
322
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
431
Employee
201
-
2 071
-
income
20
-
207
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
266
-
Employer
201
-
2 071
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
1 909
2 150
-
-
income
191
215
-
-
total
191
215
-
-
Dividends
1 718
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
365
312
345
431
After tax
1 785
1 838
1 805
1 719
Living cost
152
152
152
152
Free-cash
1 633
1 686
1 653
1 567

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$703
$414
$532
$444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
144
income
-
-
-
687
pensions
-
-
-
137
total
-
-
-
968
Employee
1 086
1 001
1 932
-
income

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

164
164
298
-
pensions
137
137
137
-
health
136
131
144
-
total
437
432
579
-
Employer
1 086
1 001
1 932
-
unemployment
39
36
45
-
health
75
70
86
-
pensions
76
70
87
-
total
190
176
218
-
Corporate
874
974
-
-
income
175
195
-
-
total
175
195
-
-
Dividends
699
779
-
-
income
149
166
-
-
withholding
105
117
-
-
total
254
283
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 056
1 086
797
968
After tax
1 094
1 064
1 353
1 182
Living cost
650
650
650
650
Free-cash
444
414
703
532

Estimated living cost  is $650 per week

$479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$841
$1191
$938
$1089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
health
-
-
-
290
income
-
-
-
216
solidarity contribution
-
-
-
1
total
-
-
-
923
Employee
426
-
1 645
-
social contributions
28
-
93
-
solidarity contribution
-
-
-
-
income
51
-
200
-
health
57
-
222
-
total
136
-
515
-
Employer
426
-
1 645
-
health
38
-
148
-
social contributions
106
-
357
-
total
144
-
505
-
Corporate
1 580
2 150
-
-
income
300
409
-
-
total
300
409
-
-
Dividends
1 280
1 741
-
-
withholding
192
261
-
-
total
192
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
772
670
1 020
923
After tax
1 378
1 480
1 130
1 227
Living cost
289
289
289
289
Free-cash
1 089
1 191
841
938

Estimated living cost  is $289 per week

$201
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$432
$653
$529
$592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
national
-
-
-
536
regional
-
-
-
25
municipal
-
-
-
13
total
-
-
-
1 127
Employee
1 041
-
2 150
-
social contributions
351
-
725
-
municipal
6
-
11
-
national
180
-
466
-
regional
10
-
22
-
total
547
-
1 224
-
Employer
1 041
-
2 150
-
total
-
-
-
-
Corporate
1 109
2 150
-
-
nationa
266
516
-
-
municipal
43
84
-
-
total
309
600
-
-
Dividends
799
1 550
-
-
withholding
208
403
-
-
total
208
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 064
1 003
1 224
1 127
After tax
1 086
1 147
926
1 023
Living cost
494
494
494
494
Free-cash
592
653
432
529

Estimated living cost  is $494 per week

$345
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$686
$1093
$757
$1056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
-
health
-
-
-
111
income
-
-
-
611
pensions
-
-
-
313
surtax
-
-
-
96
unemployment
-
-
-
3
total
-
-
-
1 134
Employee
387
-
1 821
-
surtax
1
-
82
-
income
65
-
541
-
other
-
-
-
-
pensions
26
-
104
-
health
10
-
40
-
unemployment
27
-
109
-
total
129
-
876
-
Employer
387
-
1 821
-
other
-
-
-
-
unemployment
12
-
50
-
health
18
-
71
-
pensions
52
-
208
-
total
82
-
329
-
Corporate
1 681
2 150
-
-
income
437
559
-
-
total
437
559
-
-
Dividends
1 244
1 591
-
-
withholding
187
239
-
-
total
187
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 205
1 134
After tax
1 315
1 352
945
1 016
Living cost
259
259
259
259
Free-cash
1 056
1 093
686
757

Estimated living cost  is $259 per week

$158
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$691
$865
$886
$941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
624
pensions
-
-
-
107
total
-
-
-
731
Employee
740
-
1 877
-
income
133
-
495
-
health
11
-
27
-
pensions
63
-
131
-
total
207
-
653
-
Employer
740
-
1 877
-
health
14
-
36
-
pensions
80
-
237
-
total
94
-
273
-
Corporate
1 316
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.

250
408
-
-
total
250
408
-
-
Dividends
1 066
1 742
-
-
withholding
125
344
-
-
total
125
344
-
-
Income
2 150
2 150
2 150
2 150
Total tax
676
752
926
731
After tax
1 474
1 398
1 224
1 419
Living cost
533
533
533
533
Free-cash
941
865
691
886

Estimated living cost  is $533 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$697
$38
$795
$442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5
pensions
-
-
-
198
city
-
-
-
23
national
-
-
-
35
regional
-
-
-
106
total
-
-
-
410
Employee
1 106
-
1 924
-
national
5
-
26
-
city
12
-
21
-
pensions
93
-
162
-
health
3
-
4
-
regional
36
-
91
-
unemployment
-
-
-
-
total
149
-
304
-
Employer
1 106
-
1 924
-
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
-
unemployment
-
-
-
-
health
3
-
4
-
pensions
93
-
162
-
total
118
-
204
-
Corporate
914
2 150
-
-
regional
193
455
-
-
national
78
183
-
-
total
271
638
-
-
Dividends
643
1 513
-
-
withholding
225
529
-
-
total
225
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
1 167
508
410
After tax
1 387
983
1 642
1 740
Living cost
945
945
945
945
Free-cash
442
38
697
795

Estimated living cost  is $945 per week

$615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
$822
$524
$547
$714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
674
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
trade
-
-
-
275
total
-
-
-
1 066
Employee

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

704
-
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.

83
-
674
-
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.

80
-
80
-
total
168
-
791
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 446
2 150
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
248
369
-
-
income
217
323
-
-
total
481
715
-
-
Dividends
965
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
237
355
-
-
total
250
374
-
-
Income
2 150
2 150
2 150
2 150
Total tax
899
1 089
791
1 066
After tax
1 251
1 061
1 359
1 084
Living cost
537
537
537
537
Free-cash
714
524
822
547

Estimated living cost  is $537 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$771
$683
$809
$752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
94
income
-
-
-
343
pensions
-
-
-
375
surtax
-
-
-
-
total
-
-
-
940
Employee
501
-
1 661
-
surtax
-
-
-
-
social contributions
14
-
47
-
income
30
-
326
-
pensions
57
-
117
-
total
101
-
490
-
Employer
501
-
1 661
-
other
17
-
65
-
unemployment
20
-
67
-
health
35
-
155
-
pensions
82
-
196
-
social contributions
2
-
5
-
total
156
-
488
-
Corporate
1 492
2 150
-
-
surtax
-
-
-
-
income
418
602
-
-
total
418
602
-
-
Dividends
1 074
1 548
-
-
social contributions
185
266
-
-
surtax
-
-
-
-
withholding
137
198
-
-
total
322
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
997
1 066
978
940
After tax
1 153
1 084
1 172
1 210
Living cost
401
401
401
401
Free-cash
752
683
771
809

Estimated living cost  is $401 per week

$253
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$811
$723
$849
$787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
94
income
-
-
-
343
pensions
-
-
-
375
surtax
-
-
-
-
total
-
-
-
940
Employee
448
-
1 661
-
surtax
-
-
-
-
social contributions
13
-
47
-
income
23
-
326
-
pensions
51
-
117
-
total
87
-
490
-
Employer
448
-
1 661
-
other
15
-
65
-
unemployment
18
-
67
-
health
31
-
155
-
pensions
74
-
196
-
social contributions
1
-
5
-
total
139
-
488
-
Corporate
1 563
2 150
-
-
surtax
-
-
-
-
income
438
602
-
-
total
438
602
-
-
Dividends
1 125
1 548
-
-
social contributions
194
266
-
-
surtax
-
-
-
-
withholding
144
198
-
-
total
338
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 002
1 066
978
940
After tax
1 148
1 084
1 172
1 210
Living cost
361
361
361
361
Free-cash
787
723
811
849

Estimated living cost  is $361 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Marseille model

Close
Vilnius , Lithuania
$1086
$1063
$1132
$1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
297
health
-
-
-
150
income
-
-
-
323
total
-
-
-
770
Employee
397
-
2 150
-
social contributions
55
-
297
-
income
66
-
369
-
health
28
-
150
-
total
149
-
816
-
Employer
397
-
2 150
-
total
-
-
-
-
Corporate
1 753
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%.

88
108
-
-
total
88
108
-
-
Dividends
1 665
2 042
-
-
social contributions
230
282
-
-
withholding
250
306
-
-
health
116
143
-
-
total
596
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
833
839
816
770
After tax
1 317
1 311
1 334
1 380
Living cost
248
248
248
248
Free-cash
1 069
1 063
1 086
1 132

Estimated living cost  is $248 per week

$166
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.
$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 Vilnius model

Close
Vienna , Austria
$155
$775
$690
$757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
105
income
-
-
-
606
chamber of commerce
-
-
-
9
pensions
-
-
-
253
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
1 047
Employee
586
467
1 728
-
income
67
34
490
-
other
6
5
14
-
pensions
60
48
140
-
health
23
18
53
-
unemployment
18
14
41
-
total
174
119
738
-
Employer
586
467
1 728
-
other
28
22
79
-
unemployment
18
14
41
-
health
22
18
52
-
surtax
2
2
2
-
accident
8
6
18
-
pensions
73
59
172
-
payroll
18
14
52
-
chamber of commerce
2
2
7
-
total
171
137
423
-
Corporate
1 394
1 546
1 683
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

348
387
421
-
total
348
387
421
-
Dividends
1 045
1 160
-
-
withholding
287
319
-
-
total
287
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
980
962
1 582
1 047
After tax
1 170
1 188
568
1 103
Living cost
413
413
413
413
Free-cash
757
775
155
690

Estimated living cost  is $413 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$325
$775
$506
$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
-
-
-
292
communal

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

-
-
-
111
national
-
-
-
814
total
-
-
-
1 217
Employee

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

838
-
1 665
-
national
258
-
609
-
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.

63
-
125
-
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.

39
-
78
-
communal

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

44
-
87
-
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
-
total
411
-
913
-
Employer

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

838
-
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.

12
-
24
-
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.

52
-
102
-
surtax
95
-
189
-
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
-
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.

74
-
148
-
total
244
-
485
-
Corporate
1 068
2 150
-
-
surtax
4
9
-
-
income
214
430
-
-
total
218
439
-
-
Dividends
850
1 711
-
-
withholding

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

251
509
-
-
total
251
509
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 124
948
1 398
1 217
After tax
1 026
1 202
752
933
Living cost
427
427
427
427
Free-cash
599
775
325
506

Estimated living cost  is $427 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Brussels model

Close
Barcelona , Spain
$733
$1009
$782
$928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
10
income
-
-
-
619
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
945
Employee
583
-
1 804
-
income
123
-
578
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
160
-
647
-
Employer
583
-
1 804
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
pensions
138
-
256
-
total
187
-
347
-
Corporate
1 381
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.

207
323
-
-
total
207
323
-
-
Dividends
1 174
1 827
-
-
withholding
245
395
-
-
total
245
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
799
718
994
945
After tax
1 351
1 432
1 156
1 205
Living cost
423
423
423
423
Free-cash
928
1 009
733
782

Estimated living cost  is $423 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$501
$614
$416
$462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
151
accident
-
-
-
18
income
-
-
-
363
pensions
-
-
-
322
communal
-
-
-
136
surtax
-
-
-
107
total
-
-
-
1 097
Employee
887
-
1 921
-
surtax
54
-
118
-
income
86
-
425
-
pensions
71
-
154
-
health
39
-
85
-
total
250
-
782
-
Employer
887
-
1 921
-
health
27
-
59
-
accident
8
-
17
-
pensions
71
-
154
-
total
106
-
230
-
Corporate
1 157
2 150
-
-
surtax
12
23
-
-
income
174
323
-
-
communal
78
145
-
-
total
264
491
-
-
Dividends
893
1 660
-
-
income
297
159
-
-
withholding
134
249
-
-
total
431
408
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 051
899
1 012
1 097
After tax
1 099
1 251
1 138
1 053
Living cost
637
637
637
637
Free-cash
462
614
501
416

Estimated living cost  is $637 per week

$478
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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$682
$1089
$753
$1052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
111
income
-
-
-
611
pensions
-
-
-
313
surtax
-
-
-
96
unemployment
-
-
-
3
total
-
-
-
1 134
Employee
395
-
1 821
-
surtax
1
-
82
-
income
66
-
541
-
other
-
-
-
-
pensions
26
-
104
-
health
10
-
40
-
unemployment
27
-
109
-
total
130
-
876
-
Employer
395
-
1 821
-
other
-
-
-
-
unemployment
13
-
50
-
health
18
-
71
-
pensions
53
-
208
-
total
84
-
329
-
Corporate
1 672
2 150
-
-
income
435
559
-
-
total
435
559
-
-
Dividends
1 238
1 591
-
-
withholding
186
239
-
-
total
186
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 205
1 134
After tax
1 315
1 352
945
1 016
Living cost
263
263
263
263
Free-cash
1 052
1 089
682
753

Estimated living cost  is $263 per week

$159
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$603
$814
$700
$788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
536
regional
-
-
-
32
municipal
-
-
-
13
total
-
-
-
1 134
Employee
650
-
2 150
-
social contributions
219
-
725
-
municipal
3
-
11
-
national
103
-
466
-
regional
9
-
29
-
total
334
-
1 231
-
Employer
650
-
2 150
-
total
-
-
-
-
Corporate
1 500
2 150
-
-
nationa
360
516
-
-
municipal
75
107
-
-
total
435
623
-
-
Dividends
1 066
1 527
-
-
withholding
277
397
-
-
total
277
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 046
1 020
1 231
1 134
After tax
1 104
1 130
919
1 016
Living cost
316
316
316
316
Free-cash
788
814
603
700

Estimated living cost  is $316 per week

$196
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$773
$1123
$870
$996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
health
-
-
-
290
income
-
-
-
216
solidarity contribution
-
-
-
1
total
-
-
-
923
Employee
524
-
1 645
-
social contributions
34
-
93
-
solidarity contribution
-
-
-
-
income
63
-
200
-
health
71
-
222
-
total
168
-
515
-
Employer
524
-
1 645
-
health
47
-
148
-
social contributions
131
-
357
-
total
178
-
505
-
Corporate
1 447
2 150
-
-
income
275
409
-
-
total
275
409
-
-
Dividends
1 172
1 741
-
-
withholding
176
261
-
-
total
176
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
797
670
1 020
923
After tax
1 353
1 480
1 130
1 227
Living cost
357
357
357
357
Free-cash
996
1 123
773
870

Estimated living cost  is $357 per week

$265
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$195
$816
$731
$812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
105
income
-
-
-
606
chamber of commerce
-
-
-
9
pensions
-
-
-
253
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
1 045
Employee
512
467
1 730
-
income
46
34
491
-
other
5
5
14
-
pensions
52
48
140
-
health
20
18
53
-
unemployment
15
14
41
-
total
138
119
739
-
Employer
512
467
1 730
-
other
24
22
79
-
unemployment
15
14
41
-
health
19
18
52
-
surtax
-
-
-
-
accident
7
6
18
-
pensions
64
59
172
-
payroll
15
14
52
-
chamber of commerce
2
2
7
-
total
146
135
421
-
Corporate
1 490
1 549
1 685
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

373
387
421
-
total
373
387
421
-
Dividends
1 118
1 162
-
-
withholding
307
319
-
-
total
307
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
964
960
1 581
1 045
After tax
1 186
1 190
569
1 105
Living cost
374
374
374
374
Free-cash
812
816
195
731

Estimated living cost  is $374 per week

$224
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1569
$1892
$1978
$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.

-
-
-
21
total
-
-
-
21
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
107
-
-
total
98
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
136
107
430
21
After tax
2 014
2 043
1 720
2 129
Living cost
151
151
151
151
Free-cash
1 863
1 892
1 569
1 978

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
$675
$1166
$731
$1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
212
income
-
-
-
497
pensions
-
-
-
393
unemployment
-
-
-
3
total
-
-
-
1 105
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.

518
-
1 860
-
income
89
-
460
-
pensions
80
-
288
-
health
33
-
120
-
unemployment
1
-
3
-
total
203
-
871
-
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.

518
-
1 860
-
unemployment
-
-
1
-
health
35
-
124
-
pensions
46
-
165
-
total
81
-
290
-
Corporate
1 551
2 150
-
-
income
295
409
-
-
total
295
409
-
-
Dividends
1 256
1 741
-
-
withholding
188
261
-
-
total
188
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
767
670
1 161
1 105
After tax
1 383
1 480
989
1 045
Living cost
314
314
314
314
Free-cash
1 069
1 166
675
731

Estimated living cost  is $314 per week

$216
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$1460
$779
$957
$196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245
income
-
-
-
419
total
-
-
-
664
Employee
759
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
759
-
-
-
social contributions
1 070
-
152
-
total
1 070
-
152
-
Corporate
322
2 150
-
-
income
71
473
-
-
total
71
473
-
-
Dividends
251
1 677
-
-
income
55
369
-
-
total
55
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 425
842
161
664
After tax
725
1 308
1 989
1 486
Living cost
529
529
529
529
Free-cash
196
779
1 460
957

Estimated living cost  is $529 per week

$343
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
$616
$855
$779
$845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
747
income
-
-
-
257
surtax
-
-
-
-
total
-
-
-
1 004
Employee
539
-
1 737
-
surtax
-
-
-
-
social contributions
59
-
191
-
income
112
-
563
-
total
171
-
754
-
Employer
539
-
1 737
-
social contributions
128
-
413
-
total
128
-
413
-
Corporate
1 483
2 150
-
-
surtax
-
-
-
-
income
311
452
-
-
total
311
452
-
-
Dividends
1 172
1 698
-
-
withholding
328
476
-
-
total
328
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
928
1 167
1 004
After tax
1 212
1 222
983
1 146
Living cost
367
367
367
367
Free-cash
845
855
616
779

Estimated living cost  is $367 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$606
$518
$644
$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
other
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
94
income
-
-
-
343
pensions
-
-
-
375
surtax
-
-
-
-
total
-
-
-
940
Employee
734
-
1 661
-
surtax
-
-
-
-
social contributions
21
-
47
-
income
64
-
326
-
pensions
83
-
117
-
total
168
-
490
-
Employer
734
-
1 661
-
other
25
-
65
-
unemployment
30
-
67
-
health
51
-
155
-
pensions
121
-
196
-
social contributions
2
-
5
-
total
229
-
488
-
Corporate
1 187
2 150
-
-
surtax
-
-
-
-
income
332
602
-
-
total
332
602
-
-
Dividends
855
1 548
-
-
social contributions
147
266
-
-
surtax
-
-
-
-
withholding
109
198
-
-
total
256
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
985
1 066
978
940
After tax
1 165
1 084
1 172
1 210
Living cost
566
566
566
566
Free-cash
599
518
606
644

Estimated living cost  is $566 per week

$383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Paris model

Close
Andorra , Andorra
$1285
$1583
$1228
$1545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
97
social contributions
-
-
-
473
total
-
-
-
570
Employee
377
-
1 861
-
income
-
-
103
-
social contributions
24
-
121
-
total
24
-
224
-
Employer
377
-
1 861
-
social contributions
58
-
289
-
total
58
-
289
-
Corporate
1 715
2 150
-
-
income
171
215
-
-
total
171
215
-
-
Dividends
1 543
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
253
215
513
570
After tax
1 897
1 935
1 637
1 580
Living cost
352
352
352
352
Free-cash
1 545
1 583
1 285
1 228

Estimated living cost  is $352 per week

$228
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$397
-$397
$700
-$397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10
national
-
-
-
255
municipal
-
-
-
451
total
-
-
-
887
Employee
2 378
2 378
2 378
-
labour market
190
190
190
-
municipal
506
506
506
-
national
290
290
290
-
pensions
3
3
3
-
total
989
989
989
-
Employer
2 378
2 378
2 378
-
national
291
291
291
-
labour market
190
190
190
-
pensions
7
7
7
-
municipal
507
507
507
-
total
995
995
995
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 984
1 984
1 984
887
After tax
166
166
166
1 263
Living cost
563
563
563
563
Free-cash
-397
-397
-397
700

Estimated living cost  is $563 per week

$386
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.
$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.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$914
-$82
$1214
$135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
598
pensions
-
-
-
49
total
-
-
-
680
Employee
402
-
1 940
-
income
55
-
458
-
pensions
45
-
90
-
health
46
-
222
-
total
146
-
770
-
Employer
402
-
1 940
-
unemployment
10
-
48
-
accident
7
-
32
-
pensions
65
-
130
-
total
82
-
210
-
Corporate
1 666
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.

1 499
1 935
-
-
total
1 499
1 935
-
-
Dividends
167
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 759
1 976
980
680
After tax
391
174
1 170
1 470
Living cost
256
256
256
256
Free-cash
135
-82
914
1 214

Estimated living cost  is $256 per week

$186
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.
$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

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
$671
$892
$924
$923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
366
municipal
-
-
-
382
total
-
-
-
776
Employee
616
-
1 809
-
municipal
101
-
295
-
national
10
-
220
-
pensions
42
-
122
-
health
5
-
23
-
unemployment
9
-
27
-
total
167
-
687
-
Employer
616
-
1 809
-
unemployment
4
-
12
-
health
5
-
14
-
accident
1
-
2
-
pensions
107
-
314
-
total
117
-
342
-
Corporate
1 417
2 150
-
-
income
283
430
-
-
total
283
430
-
-
Dividends

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

850
1 290
-
-
national
57
146
-
-
municipal
153
232
-
-
total
210
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
777
808
1 029
776
After tax
1 373
1 342
1 121
1 374
Living cost
450
450
450
450
Free-cash
923
892
671
924

Estimated living cost  is $450 per week

$294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1176
$1297
$1194
$1233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
health
-
-
-
55
income
-
-
-
440
total
-
-
-
685
Employee
901
901
2 012
-
social contributions
34
75
101
-
income
98
83
430
-
health
7
15
34
-
total
139
173
565
-
Employer
901
901
2 012
-
health
8
17
37
-
social contributions
34
75
101
-
total
42
92
138
-
Corporate
1 698
1 158
-
-
income
212
145
-
-
total
212
145
-
-
Dividends
1 486
1 013
-
-
withholding
253
172
-
-
total
253
172
-
-
Income
2 150
2 150
2 150
2 150
Total tax
646
582
703
685
After tax
1 504
1 568
1 447
1 465
Living cost
271
271
271
271
Free-cash
1 233
1 297
1 176
1 194

Estimated living cost  is $271 per week

$163
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1392
$1594
$1628
$1535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
42
income
-
-
-
219
pensions
-
-
-
75
unemployment
-
-
-
-
total
-
-
-
336
Employee

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

269
-
2 035
-
income
18
-
190
-
pensions
40
-
167
-
health
23
-
94
-
unemployment
1
-
6
-
total
82
-
457
-
Employer

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

269
-
2 035
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
61
-
total
28
-
115
-
Corporate
1 853
2 150
-
-
income
167
194
-
-
total
167
194
-
-
Dividends
1 687
1 956
-
-
withholding
152
176
-
-
total
152
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
429
370
572
336
After tax
1 721
1 780
1 578
1 814
Living cost
186
186
186
186
Free-cash
1 535
1 594
1 392
1 628

Estimated living cost  is $186 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Podgorica model

Close
Valencia , Spain
$834
$1110
$883
$1058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
10
income
-
-
-
619
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
945
Employee
433
-
1 804
-
income
84
-
578
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
111
-
647
-
Employer
433
-
1 804
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
pensions
102
-
256
-
total
138
-
347
-
Corporate
1 579
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.

237
323
-
-
total
237
323
-
-
Dividends
1 342
1 827
-
-
withholding
284
395
-
-
total
284
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
770
718
994
945
After tax
1 380
1 432
1 156
1 205
Living cost
322
322
322
322
Free-cash
1 058
1 110
834
883

Estimated living cost  is $322 per week

$217
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.
$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 Valencia model

Close
Istanbul , Turkey
$1360
$1320
$1363
$1316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
11
income
-
-
-
738
pensions
-
-
-
16
total
-
-
-
765
Employee
33
-
2 132
-
income
6
-
737
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
749
-
Employer
33
-
2 132
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
2 109
2 150
-
-
income
464
473
-
-
total
464
473
-
-
Dividends
1 645
1 677
-
-
withholding
329
335
-
-
total
329
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
812
808
768
765
After tax
1 338
1 342
1 382
1 385
Living cost
22
22
22
22
Free-cash
1 316
1 320
1 360
1 363

Estimated living cost  is $22 per week

$13
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.
$0
Clothing and shoes. We estimate one pair of shoes and 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
$1134
$1352
$1132
$1293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
89
income
-
-
-
489
pensions
-
-
-
225
unemployment
-
-
-
13
total
-
-
-
816
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.

305
-
1 995
-
income
42
-
489
-
pensions
43
-
121
-
health
16
-
44
-
unemployment
2
-
6
-
total
103
-
660
-
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.

305
-
1 995
-
unemployment
2
-
6
-
health
16
-
44
-
pensions
37
-
104
-
total
55
-
154
-
Corporate
1 791
2 150
-
-
income
269
322
-
-
total
269
322
-
-
Dividends
1 522
1 828
-
-
withholding
228
274
-
-
total
228
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
655
596
814
816
After tax
1 495
1 554
1 336
1 334
Living cost
202
202
202
202
Free-cash
1 293
1 352
1 134
1 132

Estimated living cost  is $202 per week

$136
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.
$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 Belgrade model

Close
Porto , Portugal
$667
$906
$830
$903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
747
income
-
-
-
257
surtax
-
-
-
-
total
-
-
-
1 004
Employee
455
-
1 737
-
surtax
-
-
-
-
social contributions
50
-
191
-
income
89
-
563
-
total
139
-
754
-
Employer
455
-
1 737
-
social contributions
108
-
413
-
total
108
-
413
-
Corporate
1 587
2 150
-
-
surtax
-
-
-
-
income
333
452
-
-
total
333
452
-
-
Dividends
1 254
1 698
-
-
withholding
351
476
-
-
total
351
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
931
928
1 167
1 004
After tax
1 219
1 222
983
1 146
Living cost
316
316
316
316
Free-cash
903
906
667
830

Estimated living cost  is $316 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$744
$1020
$793
$941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
10
income
-
-
-
619
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
945
Employee
566
-
1 804
-
income
118
-
578
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
155
-
647
-
Employer
566
-
1 804
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
pensions
134
-
256
-
total
181
-
347
-
Corporate
1 404
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.

211
323
-
-
total
211
323
-
-
Dividends
1 193
1 827
-
-
withholding
250
395
-
-
total
250
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
797
718
994
945
After tax
1 353
1 432
1 156
1 205
Living cost
412
412
412
412
Free-cash
941
1 020
744
793

Estimated living cost  is $412 per week

$296
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.
$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 Madrid model

Close
Sofia , Bulgaria
$1606
$1639
$1520
$1569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
income
-
-
-
322
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
431
Employee
264
-
2 071
-
income
26
-
207
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
266
-
Employer
264
-
2 071
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 834
2 150
-
-
income
183
215
-
-
total
183
215
-
-
Dividends
1 651
1 935
-
-
withholding
83
97
-
-
total
83
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
382
312
345
431
After tax
1 768
1 838
1 805
1 719
Living cost
199
199
199
199
Free-cash
1 569
1 639
1 606
1 520

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
$907
$653
$677
$807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
674
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
trade
-
-
-
230
total
-
-
-
1 021
Employee

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

583
-
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.

48
-
674
-
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.

80
-
80
-
total
131
-
791
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 567
2 150
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
225
309
-
-
income
235
323
-
-
total
477
655
-
-
Dividends
1 090
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
268
370
-
-
total
283
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
891
1 045
791
1 021
After tax
1 259
1 105
1 359
1 129
Living cost
452
452
452
452
Free-cash
807
653
907
677

Estimated living cost  is $452 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$456
$838
$456
$864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
666
social contributions
-
-
-
361
total
-
-
-
1 027
Employee
917
-
2 150
-
income
173
-
666
-
social contributions
76
-
361
-
total
249
-
1 027
-
Employer
917
-
2 150
-
total
-
-
-
-
Corporate
1 233
2 150
-
-
income
154
269
-
-
total
154
269
-
-
Dividends
1 079
1 881
-
-
withholding
216
376
-
-
total
216
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
619
645
1 027
1 027
After tax
1 531
1 505
1 123
1 123
Living cost
667
667
667
667
Free-cash
864
838
456
456

Estimated living cost  is $667 per week

$508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1098
$910
$1319
$951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
334
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
-
-
-
406
Employee
537
-
2 096
-
income
58
-
519
-
social contributions
54
-
54
-
total
112
-
573
-
Employer
537
-
2 096
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 559
2 150
-
-
income
546
753
-
-
total
546
753
-
-
Dividends
1 013
1 397
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
2 150
2 150
2 150
2 150
Total tax
774
815
627
406
After tax
1 376
1 335
1 523
1 744
Living cost
425
425
425
425
Free-cash
951
910
1 098
1 319

Estimated living cost  is $425 per week

$280
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$791
$965
$986
$1034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
624
pensions
-
-
-
107
total
-
-
-
731
Employee
595
-
1 877
-
income
108
-
495
-
health
8
-
27
-
pensions
45
-
131
-
total
161
-
653
-
Employer
595
-
1 877
-
health
11
-
36
-
pensions
60
-
237
-
total
71
-
273
-
Corporate
1 484
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.

282
408
-
-
total
282
408
-
-
Dividends
1 202
1 742
-
-
withholding
169
344
-
-
total
169
344
-
-
Income
2 150
2 150
2 150
2 150
Total tax
683
752
926
731
After tax
1 467
1 398
1 224
1 419
Living cost
433
433
433
433
Free-cash
1 034
965
791
986

Estimated living cost  is $433 per week

$297
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$889
-$107
$1189
$130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
598
pensions
-
-
-
49
total
-
-
-
680
Employee
442
-
1 940
-
income
61
-
458
-
pensions
50
-
90
-
health
51
-
222
-
total
162
-
770
-
Employer
442
-
1 940
-
unemployment
11
-
48
-
accident
7
-
32
-
pensions
72
-
130
-
total
90
-
210
-
Corporate
1 618
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.

1 456
1 935
-
-
total
1 456
1 935
-
-
Dividends
162
215
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 739
1 976
980
680
After tax
411
174
1 170
1 470
Living cost
281
281
281
281
Free-cash
130
-107
889
1 189

Estimated living cost  is $281 per week

$206
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.
$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

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
$1379
$1651
$1123
$1596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
health insurance
-
-
-
138
work injury
-
-
-
9
pensions
-
-
-
344
unemployment
-
-
-
22
total
-
-
-
869
Employee

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

253
-
2 150
-
income
25
-
356
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
47
-
172
-
unemployment
3
-
11
-
total
95
-
613
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 897
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
22
-
-
total
19
22
-
-
Dividends
1 878
2 128
-
-
withholding
282
319
-
-
total
282
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
396
341
613
869
After tax
1 754
1 809
1 537
1 281
Living cost
158
158
158
158
Free-cash
1 596
1 651
1 379
1 123

Estimated living cost  is $158 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$435
$665
$531
$612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
536
regional
-
-
-
49
municipal
-
-
-
14
total
-
-
-
1 152
Employee
987
-
2 150
-
social contributions
333
-
725
-
municipal
6
-
13
-
national
167
-
466
-
regional
15
-
44
-
total
521
-
1 248
-
Employer
987
-
2 150
-
total
-
-
-
-
Corporate
1 163
2 150
-
-
nationa
279
516
-
-
municipal
56
104
-
-
total
335
620
-
-
Dividends
828
1 530
-
-
withholding
215
398
-
-
total
215
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 071
1 018
1 248
1 152
After tax
1 079
1 132
902
998
Living cost
467
467
467
467
Free-cash
612
665
435
531

Estimated living cost  is $467 per week

$328
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.
$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

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close