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
$721
$999
$748
$853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
670
surtax

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

-
-
-
37
health

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

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

-
-
-
82
trade
-
-
-
251
total
-
-
-
1 040
Employee

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

457
-
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
-
670
-
health

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

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

82
-
82
-
total
96
-
789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 693
2 150
-
-
income
254
323
-
-
surtax

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

14
18
-
-
chamber of commerce
4
5
-
-
trade
267
339
-
-
total
539
685
-
-
Dividends
1 154
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
284
362
-
-
total
300
382
-
-
Income
2 150
2 150
2 150
2 150
Total tax
935
1 067
789
1 040
After tax
1 215
1 083
1 361
1 110
Living cost
362
362
362
362
Free-cash
853
721
999
748

Estimated living cost  is $362 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Dresden model

Close
Reykjavik , Iceland
$706
$649
$634
$694
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
23
municipal
-
-
-
235
national
-
-
-
364
pensions
-
-
-
258
total
-
-
-
880
Employee
985
-
1 859
-
municipal
122
-
243
-
pensions
39
-
74
-
national
189
-
379
-
total
350
-
696
-
Employer
985
-
1 859
-
pensions
79
-
149
-
social contributions
11
-
20
-
total
90
-
169
-
Corporate
1 010
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%.

202
430
-
-
total
202
430
-
-
Dividends
808
1 720
-
-
withholding
178
378
-
-
total
178
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
820
808
865
880
After tax
1 330
1 342
1 285
1 270
Living cost
636
636
636
636
Free-cash
694
706
649
634

Estimated living cost  is $636 per week

$432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1472
$659
$499
$1375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
2 150
income
-
-
-
398
surtax
-
-
-
548
social contributions

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

-
-
-
457
microenterprise
-
-
-
-
total
-
-
-
1 403
Employee
349
-
1 628
-
surtax
-
-
236
-
social contributions

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

38
-
156
-
income
62
-
329
-
total
100
-
721
-
Employer
349
-
1 628
-
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.

84
-
343
-
surtax
-
-
179
-
total
84
-
522
-
Corporate
1 717
2 150
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

343
430
-
-
total
343
430
-
-
Dividends

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

1 374
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
527
430
1 243
1 403
After tax
1 623
1 720
907
747
Living cost
248
248
248
248
Free-cash
1 375
1 472
659
499

Estimated living cost  is $248 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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$565
$848
$684
$492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
679
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
966
Employee
1 019
1 019
1 928
-
pensions
183
140
140
-
income

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

167
167
293
-
health
156
133
147
-
total
506
440
580
-
Employer
1 019
1 019
1 928
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
965
952
-
-
income
193
190
-
-
total
193
190
-
-
Dividends
772
762
-
-
income
164
162
-
-
withholding
116
114
-
-
total
280
276
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 158
1 085
802
966
After tax
992
1 065
1 348
1 184
Living cost
500
500
500
500
Free-cash
492
565
848
684

Estimated living cost  is $500 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$697
$613
$625
$686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
other
-
-
-
121
unemployment
-
-
-
1
health
-
-
-
65
municipal
-
-
-
551
national
-
-
-
195
pensions
-
-
-
113
total
-
-
-
1 048
Employee
679
-
1 822
-
municipal
203
-
543
-
national
-
-
189
-
total
203
-
732
-
Employer
679
-
1 822
-
health
42
-
64
-
pensions
73
-
113
-
accident
1
-
2
-
unemployment
18
-
28
-
other
79
-
121
-
total
213
-
328
-
Corporate
1 257
2 150
-
-
income
277
473
-
-
total
277
473
-
-
Dividends
980
1 677
-
-
withholding
294
503
-
-
total
294
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
987
976
1 060
1 048
After tax
1 163
1 174
1 090
1 102
Living cost
477
477
477
477
Free-cash
686
697
613
625

Estimated living cost  is $477 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$603
$892
$630
$771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
670
surtax

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

-
-
-
37
health

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

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

-
-
-
82
trade
-
-
-
262
total
-
-
-
1 051
Employee

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

605
-
2 150
-
surtax

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

3
-
37
-
income

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

52
-
670
-
health

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

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

82
-
82
-
total
137
-
789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 545
2 150
-
-
income
232
323
-
-
surtax

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

13
18
-
-
chamber of commerce
4
5
-
-
trade
254
354
-
-
total
503
700
-
-
Dividends
1 042
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
256
358
-
-
total
270
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
910
1 078
789
1 051
After tax
1 240
1 072
1 361
1 099
Living cost
469
469
469
469
Free-cash
771
603
892
630

Estimated living cost  is $469 per week

$314
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.
$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

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
$1182
$1061
$1080
$1131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
435
social contributions
-
-
-
193
health
-
-
-
55
total
-
-
-
683
Employee
918
918
2 010
-
social contributions
45
76
103
-
income
96
85
425
-
health
9
16
34
-
total
150
177
562
-
Employer
918
918
2 010
-
health
10
17
37
-
social contributions
45
76
103
-
total
55
93
140
-
Corporate
1 558
1 139
-
-
income
195
142
-
-
total
195
142
-
-
Dividends
1 363
997
-
-
withholding
232
169
-
-
total
232
169
-
-
Income
2 150
2 150
2 150
2 150
Total tax
632
581
702
683
After tax
1 518
1 569
1 448
1 467
Living cost
387
387
387
387
Free-cash
1 131
1 182
1 061
1 080

Estimated living cost  is $387 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$994
$1032
$1275
$997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

309
123
1 799
-
unemployment
5
2
27
-
pensions
31
12
180
-
income
38
15
220
-
health
22
9
126
-
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.

309
123
1 799
-
pensions
60
24
351
-
total
60
24
351
-
Corporate
1 781
2 003
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 621
1 823
-
-
social contributions
315
354
-
-
withholding
308
346
-
-
total
623
700
-
-
Income
2 150
2 150
2 150
2 150
Total tax
939
942
904
661
After tax
1 211
1 208
1 246
1 489
Living cost
214
214
214
214
Free-cash
997
994
1 032
1 275

Estimated living cost  is $214 per week

$146
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1432
$951
$864
$1358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
288
health
-
-
-
280
pensions
-
-
-
430
total
-
-
-
998
Employee
339
-
1 607
-
unemployment
5
-
26
-
pensions
7
-
32
-
income
38
-
310
-
total
50
-
368
-
Employer
339
-
1 607
-
health
44
-
209
-
pensions
68
-
321
-
unemployment
3
-
13
-
total
115
-
543
-
Corporate
1 697
2 150
-
-
income
339
430
-
-
total
339
430
-
-
Dividends
1 357
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
504
430
911
998
After tax
1 646
1 720
1 239
1 152
Living cost
288
288
288
288
Free-cash
1 358
1 432
951
864

Estimated living cost  is $288 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$93
$903
$1204
$133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
596
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
679
Employee
419
-
1 937
-
pensions
47
-
92
-
income
58
-
454
-
health
48
-
222
-
total
153
-
768
-
Employer
419
-
1 937
-
pensions
68
-
133
-
accident
7
-
32
-
unemployment
10
-
47
-
total
85
-
212
-
Corporate
1 645
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.

1 481
1 935
-
-
total
1 481
1 935
-
-
Dividends
165
215
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 750
1 976
980
679
After tax
400
174
1 170
1 471
Living cost
267
267
267
267
Free-cash
133
-93
903
1 204

Estimated living cost  is $267 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1946
$1624
$2033
$1929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
120
-
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%.

2 030
2 150
-
-
total
-
-
-
-
Dividends
2 030
2 150
-
-
withholding
101
108
-
-
total
101
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
108
430
21
After tax
2 025
2 042
1 720
2 129
Living cost
96
96
96
96
Free-cash
1 929
1 946
1 624
2 033

Estimated living cost  is $96 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
$1261
$900
$893
$1181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
337
other
-
-
-
86
health
-
-
-
80
pensions

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

-
-
-
436
total
-
-
-
939
Employee
433
-
1 717
-
unemployment
4
-
17
-
pensions

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

30
-
120
-
income
75
-
338
-
health
6
-
24
-
total
115
-
499
-
Employer
433
-
1 717
-
health
6
-
24
-
pensions

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

74
-
292
-
accident
3
-
14
-
unemployment
4
-
17
-
other
22
-
86
-
total
109
-
433
-
Corporate
1 607
2 150
-
-
income
338
452
-
-
total
338
452
-
-
Dividends
1 270
1 698
-
-
withholding
89
119
-
-
total
89
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
651
571
932
939
After tax
1 499
1 579
1 218
1 211
Living cost
318
318
318
318
Free-cash
1 181
1 261
900
893

Estimated living cost  is $318 per week

$225
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

165
409
-
-
total
165
409
-
-
Dividends
702
1 741
-
-
withholding
53
339
-
-
total
53
339
-
-
Income
2 150
2 150
2 150
2 150
Total tax
703
748
923
728
After tax
1 447
1 402
1 227
1 422
Living cost
797
797
797
797
Free-cash
650
605
430
625

Estimated living cost  is $797 per week

$598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1682
$1643
$1560
$1627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
322
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
434
Employee
207
-
2 068
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

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

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 902
2 150
-
-
income
190
215
-
-
total
190
215
-
-
Dividends
1 712
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
367
312
351
434
After tax
1 783
1 838
1 799
1 716
Living cost
156
156
156
156
Free-cash
1 627
1 682
1 643
1 560

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$403
$686
$522
$433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
679
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
966
Employee
1 107
1 019
1 928
-
pensions
140
140
140
-
income

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

167
167
293
-
health
138
133
147
-
total
445
440
580
-
Employer
1 107
1 019
1 928
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
850
952
-
-
income
170
190
-
-
total
170
190
-
-
Dividends
680
762
-
-
income
144
162
-
-
withholding
102
114
-
-
total
246
276
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 055
1 085
802
966
After tax
1 095
1 065
1 348
1 184
Living cost
662
662
662
662
Free-cash
433
403
686
522

Estimated living cost  is $662 per week

$488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1188
$833
$930
$1082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
216
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
290
total
-
-
-
927
Employee
430
-
1 642
-
solidarity contribution
-
-
-
-
social contributions
28
-
94
-
income
52
-
199
-
health
58
-
222
-
total
138
-
515
-
Employer
430
-
1 642
-
health
39
-
148
-
social contributions
108
-
361
-
total
147
-
509
-
Corporate
1 573
2 150
-
-
income
299
408
-
-
total
299
408
-
-
Dividends
1 274
1 742
-
-
withholding
191
261
-
-
total
191
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
775
669
1 024
927
After tax
1 375
1 481
1 126
1 223
Living cost
293
293
293
293
Free-cash
1 082
1 188
833
930

Estimated living cost  is $293 per week

$203
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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$643
$424
$521
$581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
25
municipal
-
-
-
13
national
-
-
-
534
total
-
-
-
1 125
Employee
1 061
-
2 150
-
municipal
6
-
11
-
national
184
-
464
-
regional
10
-
22
-
social contributions
358
-
725
-
total
558
-
1 222
-
Employer
1 061
-
2 150
-
total
-
-
-
-
Corporate
1 089
2 150
-
-
municipal
42
84
-
-
nationa
261
516
-
-
total
303
600
-
-
Dividends
785
1 550
-
-
withholding
204
403
-
-
total
204
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 065
1 003
1 222
1 125
After tax
1 085
1 147
928
1 025
Living cost
504
504
504
504
Free-cash
581
643
424
521

Estimated living cost  is $504 per week

$351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$1089
$682
$754
$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
income
-
-
-
604
other
-
-
-
-
surtax
-
-
-
94
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 133
Employee
395
-
1 815
-
other
-
-
-
-
unemployment
27
-
111
-
pensions
26
-
106
-
surtax
1
-
80
-
income
66
-
533
-
health
10
-
41
-
total
130
-
871
-
Employer
395
-
1 815
-
health
18
-
72
-
pensions
53
-
212
-
unemployment
13
-
50
-
other
-
-
-
-
total
84
-
334
-
Corporate
1 672
2 150
-
-
income
435
559
-
-
total
435
559
-
-
Dividends
1 237
1 591
-
-
withholding
186
239
-
-
total
186
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 205
1 133
After tax
1 315
1 352
945
1 017
Living cost
263
263
263
263
Free-cash
1 052
1 089
682
754

Estimated living cost  is $263 per week

$161
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$857
$682
$877
$936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

247
409
-
-
total
247
409
-
-
Dividends
1 051
1 741
-
-
withholding
115
339
-
-
total
115
339
-
-
Income
2 150
2 150
2 150
2 150
Total tax
669
748
923
728
After tax
1 481
1 402
1 227
1 422
Living cost
545
545
545
545
Free-cash
936
857
682
877

Estimated living cost  is $545 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$41
$700
$797
$445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
43
regional
-
-
-
106
health
-
-
-
5
city
-
-
-
23
national
-
-
-
36
pensions
-
-
-
198
total
-
-
-
411
Employee
1 103
-
1 924
-
unemployment
-
-
-
-
pensions
93
-
162
-
national
5
-
26
-
regional
36
-
91
-
city
12
-
21
-
health
2
-
4
-
total
148
-
304
-
Employer
1 103
-
1 924
-
health
2
-
4
-
pensions
93
-
162
-
unemployment
-
-
-
-
other

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

22
-
38
-
total
117
-
204
-
Corporate
918
2 150
-
-
regional
194
455
-
-
national
78
183
-
-
total
272
638
-
-
Dividends
646
1 513
-
-
withholding
226
529
-
-
total
226
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
1 167
508
411
After tax
1 387
983
1 642
1 739
Living cost
942
942
942
942
Free-cash
445
41
700
797

Estimated living cost  is $942 per week

$613
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.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$513
$814
$540
$707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
670
surtax

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

-
-
-
37
health

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

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

-
-
-
82
trade
-
-
-
274
total
-
-
-
1 063
Employee

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

717
-
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.

84
-
670
-
health

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

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

82
-
82
-
total
171
-
789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 433
2 150
-
-
income
215
323
-
-
surtax

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

12
18
-
-
chamber of commerce
4
5
-
-
trade
246
369
-
-
total
477
715
-
-
Dividends
956
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
20
-
-
withholding
235
355
-
-
total
248
375
-
-
Income
2 150
2 150
2 150
2 150
Total tax
896
1 090
789
1 063
After tax
1 254
1 060
1 361
1 087
Living cost
547
547
547
547
Free-cash
707
513
814
540

Estimated living cost  is $547 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$676
$769
$803
$745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
379
total
-
-
-
939
Employee
511
-
1 663
-
pensions
58
-
116
-
surtax
-
-
-
-
social contributions
15
-
47
-
income
30
-
324
-
total
103
-
487
-
Employer
511
-
1 663
-
health
36
-
154
-
pensions
84
-
195
-
unemployment
21
-
67
-
social contributions
2
-
5
-
other
18
-
65
-
total
161
-
486
-
Corporate
1 480
2 150
-
-
income
414
602
-
-
surtax
-
-
-
-
total
414
602
-
-
Dividends
1 065
1 548
-
-
surtax
-
-
-
-
social contributions
183
266
-
-
withholding
136
198
-
-
total
319
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
997
1 066
973
939
After tax
1 153
1 084
1 177
1 211
Living cost
408
408
408
408
Free-cash
745
676
769
803

Estimated living cost  is $408 per week

$258
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$716
$809
$843
$782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
379
total
-
-
-
939
Employee
456
-
1 663
-
pensions
52
-
116
-
surtax
-
-
-
-
social contributions
13
-
47
-
income
24
-
324
-
total
89
-
487
-
Employer
456
-
1 663
-
health
32
-
154
-
pensions
75
-
195
-
unemployment
18
-
67
-
social contributions
1
-
5
-
other
16
-
65
-
total
142
-
486
-
Corporate
1 552
2 150
-
-
income
434
602
-
-
surtax
-
-
-
-
total
434
602
-
-
Dividends
1 117
1 548
-
-
surtax
-
-
-
-
social contributions
192
266
-
-
withholding
143
198
-
-
total
335
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 000
1 066
973
939
After tax
1 150
1 084
1 177
1 211
Living cost
368
368
368
368
Free-cash
782
716
809
843

Estimated living cost  is $368 per week

$213
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.
$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 Marseille model

Close
Vilnius , Lithuania
$1058
$1082
$1127
$1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
323
social contributions
-
-
-
297
health
-
-
-
150
total
-
-
-
770
Employee
405
-
2 150
-
social contributions
56
-
297
-
income
68
-
368
-
health
28
-
150
-
total
152
-
815
-
Employer
405
-
2 150
-
total
-
-
-
-
Corporate
1 745
2 150
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

87
108
-
-
total
87
108
-
-
Dividends
1 658
2 042
-
-
social contributions
229
282
-
-
withholding
249
306
-
-
health
116
143
-
-
total
594
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
833
839
815
770
After tax
1 317
1 311
1 335
1 380
Living cost
253
253
253
253
Free-cash
1 064
1 058
1 082
1 127

Estimated living cost  is $253 per week

$169
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.
$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 Vilnius model

Close
Vienna , Austria
$768
$148
$682
$749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
598
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 047
Employee
597
476
1 722
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
61
49
143
-
income
68
35
481
-
health
23
18
54
-
total
176
121
734
-
Employer
597
476
1 722
-
chamber of commerce
2
2
7
-
health
23
18
53
-
pensions
75
60
175
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
52
-
other
28
23
79
-
total
174
139
428
-
Corporate
1 379
1 535
1 677
-
income

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

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

345
384
419
-
total
345
384
419
-
Dividends
1 035
1 151
-
-
withholding
285
317
-
-
total
285
317
-
-
Income
2 150
2 150
2 150
2 150
Total tax
980
961
1 581
1 047
After tax
1 170
1 189
569
1 103
Living cost
421
421
421
421
Free-cash
749
768
148
682

Estimated living cost  is $421 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$767
$320
$497
$587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal

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

-
-
-
111
social contributions
-
-
-
298
national
-
-
-
809
total
-
-
-
1 218
Employee

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

854
-
1 665
-
unemployment

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

7
-
14
-
communal

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

45
-
87
-
pensions

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

64
-
125
-
national
263
-
606
-
health

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

40
-
78
-
total
419
-
910
-
Employer

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

854
-
1 665
-
health

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

53
-
102
-
pensions

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

76
-
148
-
accident

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

11
-
22
-
unemployment

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

12
-
24
-
surtax
97
-
189
-
total
249
-
485
-
Corporate
1 048
2 150
-
-
income
210
430
-
-
surtax
4
9
-
-
total
214
439
-
-
Dividends
834
1 711
-
-
withholding

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

246
509
-
-
total
246
509
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 128
948
1 395
1 218
After tax
1 022
1 202
755
932
Living cost
435
435
435
435
Free-cash
587
767
320
497

Estimated living cost  is $435 per week

$280
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.
$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 Brussels model

Close
Barcelona , Spain
$1001
$725
$775
$919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
10
income
-
-
-
612
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
944
Employee
594
-
1 797
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
571
-
total
163
-
641
-
Employer
594
-
1 797
-
pensions
140
-
261
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
353
-
Corporate
1 366
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.

205
323
-
-
total
205
323
-
-
Dividends
1 161
1 827
-
-
withholding
242
395
-
-
total
242
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
800
718
994
944
After tax
1 350
1 432
1 156
1 206
Living cost
431
431
431
431
Free-cash
919
1 001
725
775

Estimated living cost  is $431 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$605
$494
$409
$452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal
-
-
-
136
accident
-
-
-
18
income
-
-
-
358
surtax
-
-
-
107
health
-
-
-
151
pensions
-
-
-
322
total
-
-
-
1 092
Employee
904
-
1 920
-
pensions
72
-
154
-
surtax
55
-
118
-
income
87
-
420
-
health
40
-
85
-
total
254
-
777
-
Employer
904
-
1 920
-
health
28
-
59
-
pensions
72
-
154
-
accident
8
-
17
-
total
108
-
230
-
Corporate
1 138
2 150
-
-
communal
77
145
-
-
income
171
323
-
-
surtax
12
23
-
-
total
260
491
-
-
Dividends
879
1 660
-
-
income
295
156
-
-
withholding
132
249
-
-
total
427
405
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 049
896
1 007
1 092
After tax
1 101
1 254
1 143
1 058
Living cost
649
649
649
649
Free-cash
452
605
494
409

Estimated living cost  is $649 per week

$487
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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1084
$677
$749
$1047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
604
other
-
-
-
-
surtax
-
-
-
94
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 133
Employee
402
-
1 815
-
other
-
-
-
-
unemployment
28
-
111
-
pensions
27
-
106
-
surtax
1
-
80
-
income
67
-
533
-
health
10
-
41
-
total
133
-
871
-
Employer
402
-
1 815
-
health
18
-
72
-
pensions
54
-
212
-
unemployment
13
-
50
-
other
-
-
-
-
total
85
-
334
-
Corporate
1 663
2 150
-
-
income
432
559
-
-
total
432
559
-
-
Dividends
1 231
1 591
-
-
withholding
185
239
-
-
total
185
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 205
1 133
After tax
1 315
1 352
945
1 017
Living cost
268
268
268
268
Free-cash
1 047
1 084
677
749

Estimated living cost  is $268 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$808
$599
$696
$781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
32
municipal
-
-
-
13
national
-
-
-
534
total
-
-
-
1 132
Employee
662
-
2 150
-
municipal
4
-
11
-
national
105
-
464
-
regional
9
-
29
-
social contributions
223
-
725
-
total
341
-
1 229
-
Employer
662
-
2 150
-
total
-
-
-
-
Corporate
1 488
2 150
-
-
municipal
74
107
-
-
nationa
357
516
-
-
total
431
623
-
-
Dividends
1 057
1 527
-
-
withholding
275
397
-
-
total
275
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 047
1 020
1 229
1 132
After tax
1 103
1 130
921
1 018
Living cost
322
322
322
322
Free-cash
781
808
599
696

Estimated living cost  is $322 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1120
$765
$862
$990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
216
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
290
total
-
-
-
927
Employee
530
-
1 642
-
solidarity contribution
-
-
-
-
social contributions
34
-
94
-
income
64
-
199
-
health
72
-
222
-
total
170
-
515
-
Employer
530
-
1 642
-
health
48
-
148
-
social contributions
133
-
361
-
total
181
-
509
-
Corporate
1 439
2 150
-
-
income
273
408
-
-
total
273
408
-
-
Dividends
1 166
1 742
-
-
withholding
175
261
-
-
total
175
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
799
669
1 024
927
After tax
1 351
1 481
1 126
1 223
Living cost
361
361
361
361
Free-cash
990
1 120
765
862

Estimated living cost  is $361 per week

$268
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.
$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 Prague model

Close
Graz , Austria
$810
$188
$724
$803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
598
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 045
Employee
522
476
1 725
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
53
49
143
-
income
46
35
482
-
health
20
18
54
-
total
140
121
735
-
Employer
522
476
1 725
-
chamber of commerce
2
2
7
-
health
20
18
53
-
pensions
65
60
175
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
52
-
other
25
23
79
-
total
151
137
426
-
Corporate
1 478
1 537
1 679
-
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.

370
384
420
-
total
370
384
420
-
Dividends
1 109
1 153
-
-
withholding
305
317
-
-
total
305
317
-
-
Income
2 150
2 150
2 150
2 150
Total tax
966
959
1 581
1 045
After tax
1 184
1 191
569
1 105
Living cost
381
381
381
381
Free-cash
803
810
188
724

Estimated living cost  is $381 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1892
$1570
$1979
$1865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
187
-
2 150
-
income
37
-
430
-
total
37
-
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%.

1 963
2 150
-
-
total
-
-
-
-
Dividends
1 963
2 150
-
-
withholding
98
108
-
-
total
98
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
135
108
430
21
After tax
2 015
2 042
1 720
2 129
Living cost
150
150
150
150
Free-cash
1 865
1 892
1 570
1 979

Estimated living cost  is $150 per week

$101
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
$1161
$671
$727
$1060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 150
income
-
-
-
495
unemployment
-
-
-
3
health
-
-
-
212
pensions
-
-
-
393
total
-
-
-
1 103
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.

528
-
1 860
-
unemployment
1
-
3
-
pensions
82
-
288
-
income
91
-
458
-
health
34
-
120
-
total
208
-
869
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

528
-
1 860
-
health
35
-
124
-
pensions
47
-
165
-
unemployment
-
-
1
-
total
82
-
290
-
Corporate
1 540
2 150
-
-
income
293
408
-
-
total
293
408
-
-
Dividends
1 247
1 742
-
-
withholding
187
261
-
-
total
187
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
770
669
1 159
1 103
After tax
1 380
1 481
991
1 047
Living cost
320
320
320
320
Free-cash
1 060
1 161
671
727

Estimated living cost  is $320 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$798
$1484
$976
$236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
419
social contributions
-
-
-
245
total
-
-
-
664
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 031
-
147
-
total
1 031
-
147
-
Corporate
388
2 150
-
-
income
85
473
-
-
total
85
473
-
-
Dividends
303
1 677
-
-
income
67
369
-
-
total
67
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 404
842
156
664
After tax
746
1 308
1 994
1 486
Living cost
510
510
510
510
Free-cash
236
798
1 484
976

Estimated living cost  is $510 per week

$331
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.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$848
$611
$775
$838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 150
income
-
-
-
254
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 001
Employee
549
-
1 737
-
surtax
-
-
-
-
social contributions
60
-
191
-
income
114
-
561
-
total
174
-
752
-
Employer
549
-
1 737
-
social contributions
130
-
413
-
total
130
-
413
-
Corporate
1 471
2 150
-
-
income
309
452
-
-
surtax
-
-
-
-
total
309
452
-
-
Dividends
1 162
1 698
-
-
withholding
325
476
-
-
total
325
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
928
1 165
1 001
After tax
1 212
1 222
985
1 149
Living cost
374
374
374
374
Free-cash
838
848
611
775

Estimated living cost  is $374 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$507
$600
$634
$589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
92
pensions
-
-
-
379
total
-
-
-
939
Employee
748
-
1 663
-
pensions
85
-
116
-
surtax
-
-
-
-
social contributions
21
-
47
-
income
65
-
324
-
total
171
-
487
-
Employer
748
-
1 663
-
health
52
-
154
-
pensions
123
-
195
-
unemployment
30
-
67
-
social contributions
2
-
5
-
other
26
-
65
-
total
233
-
486
-
Corporate
1 169
2 150
-
-
income
327
602
-
-
surtax
-
-
-
-
total
327
602
-
-
Dividends
842
1 548
-
-
surtax
-
-
-
-
social contributions
145
266
-
-
withholding
108
198
-
-
total
253
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
984
1 066
973
939
After tax
1 166
1 084
1 177
1 211
Living cost
577
577
577
577
Free-cash
589
507
600
634

Estimated living cost  is $577 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
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.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1576
$1279
$1223
$1536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
95
social contributions
-
-
-
473
total
-
-
-
568
Employee
384
-
1 861
-
income
-
-
102
-
social contributions
25
-
121
-
total
25
-
223
-
Employer
384
-
1 861
-
social contributions
59
-
289
-
total
59
-
289
-
Corporate
1 707
2 150
-
-
income
171
215
-
-
total
171
215
-
-
Dividends
1 536
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
255
215
512
568
After tax
1 895
1 935
1 638
1 582
Living cost
359
359
359
359
Free-cash
1 536
1 576
1 279
1 223

Estimated living cost  is $359 per week

$232
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.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$450
-$450
$691
-$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
449
national
-
-
-
254
pensions
-
-
-
10
total
-
-
-
884
Employee
2 426
2 426
2 426
-
municipal
517
517
517
-
labour market
194
194
194
-
pensions
3
3
3
-
national
296
296
296
-
total
1 010
1 010
1 010
-
Employer
2 426
2 426
2 426
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 015
1 015
1 015
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
2 025
2 025
2 025
884
After tax
125
125
125
1 266
Living cost
575
575
575
575
Free-cash
-450
-450
-450
691

Estimated living cost  is $575 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$89
$907
$1208
$133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
596
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
679
Employee
413
-
1 937
-
pensions
47
-
92
-
income
57
-
454
-
health
47
-
222
-
total
151
-
768
-
Employer
413
-
1 937
-
pensions
67
-
133
-
accident
7
-
32
-
unemployment
10
-
47
-
total
84
-
212
-
Corporate
1 653
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.

1 488
1 935
-
-
total
1 488
1 935
-
-
Dividends
165
215
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 754
1 976
980
679
After tax
396
174
1 170
1 471
Living cost
263
263
263
263
Free-cash
133
-89
907
1 208

Estimated living cost  is $263 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$886
$666
$922
$917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
2 150
health
-
-
-
28
municipal
-
-
-
382
national
-
-
-
360
total
-
-
-
770
Employee
628
-
1 809
-
municipal
103
-
295
-
unemployment
9
-
27
-
pensions
42
-
122
-
national
10
-
217
-
health
5
-
23
-
total
169
-
684
-
Employer
628
-
1 809
-
health
5
-
14
-
pensions
109
-
314
-
accident
1
-
2
-
unemployment
4
-
12
-
total
119
-
342
-
Corporate
1 403
2 150
-
-
income
281
430
-
-
total
281
430
-
-
Dividends

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

842
1 290
-
-
municipal
152
232
-
-
national
54
144
-
-
total
206
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
775
806
1 026
770
After tax
1 375
1 344
1 124
1 380
Living cost
458
458
458
458
Free-cash
917
886
666
922

Estimated living cost  is $458 per week

$299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1293
$1172
$1191
$1227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
social contributions
-
-
-
193
health
-
-
-
55
total
-
-
-
683
Employee
918
918
2 010
-
social contributions
35
76
103
-
income
100
85
425
-
health
7
16
34
-
total
142
177
562
-
Employer
918
918
2 010
-
health
8
17
37
-
social contributions
35
76
103
-
total
43
93
140
-
Corporate
1 689
1 139
-
-
income
211
142
-
-
total
211
142
-
-
Dividends
1 478
997
-
-
withholding
251
169
-
-
total
251
169
-
-
Income
2 150
2 150
2 150
2 150
Total tax
647
581
702
683
After tax
1 503
1 569
1 448
1 467
Living cost
276
276
276
276
Free-cash
1 227
1 293
1 172
1 191

Estimated living cost  is $276 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1591
$1381
$1622
$1531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 150
income
-
-
-
219
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
338
Employee

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

274
-
2 033
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
190
-
health
23
-
96
-
total
84
-
462
-
Employer

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

274
-
2 033
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 848
2 150
-
-
income
166
193
-
-
total
166
193
-
-
Dividends
1 681
1 957
-
-
withholding
151
176
-
-
total
151
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
429
369
579
338
After tax
1 721
1 781
1 571
1 812
Living cost
190
190
190
190
Free-cash
1 531
1 591
1 381
1 622

Estimated living cost  is $190 per week

$121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1104
$828
$878
$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
accident
-
-
-
10
income
-
-
-
612
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
944
Employee
441
-
1 797
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
571
-
total
113
-
641
-
Employer
441
-
1 797
-
pensions
104
-
261
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
353
-
Corporate
1 568
2 150
-
-
income

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

235
323
-
-
total
235
323
-
-
Dividends
1 333
1 827
-
-
withholding
281
395
-
-
total
281
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
770
718
994
944
After tax
1 380
1 432
1 156
1 206
Living cost
328
328
328
328
Free-cash
1 052
1 104
828
878

Estimated living cost  is $328 per week

$222
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1318
$1358
$1359
$1315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
736
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
767
Employee
37
-
2 130
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
735
-
health
2
-
4
-
total
12
-
748
-
Employer
37
-
2 130
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
2 105
2 150
-
-
income
463
473
-
-
total
463
473
-
-
Dividends
1 642
1 677
-
-
withholding
328
335
-
-
total
328
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
811
808
768
767
After tax
1 339
1 342
1 382
1 383
Living cost
24
24
24
24
Free-cash
1 315
1 318
1 358
1 359

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1347
$1123
$1123
$1290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 150
income
-
-
-
488
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
821
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.

311
-
1 992
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
488
-
health
16
-
45
-
total
104
-
663
-
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.

311
-
1 992
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
1 784
2 150
-
-
income
268
323
-
-
total
268
323
-
-
Dividends
1 516
1 827
-
-
withholding
227
274
-
-
total
227
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
654
597
821
821
After tax
1 496
1 553
1 329
1 329
Living cost
206
206
206
206
Free-cash
1 290
1 347
1 123
1 123

Estimated living cost  is $206 per week

$139
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
$900
$663
$827
$896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 150
income
-
-
-
254
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 001
Employee
463
-
1 737
-
surtax
-
-
-
-
social contributions
51
-
191
-
income
91
-
561
-
total
142
-
752
-
Employer
463
-
1 737
-
social contributions
110
-
413
-
total
110
-
413
-
Corporate
1 577
2 150
-
-
income
331
452
-
-
surtax
-
-
-
-
total
331
452
-
-
Dividends
1 246
1 698
-
-
withholding
349
476
-
-
total
349
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
932
928
1 165
1 001
After tax
1 218
1 222
985
1 149
Living cost
322
322
322
322
Free-cash
896
900
663
827

Estimated living cost  is $322 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1012
$736
$786
$935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
10
income
-
-
-
612
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
944
Employee
577
-
1 797
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
571
-
total
157
-
641
-
Employer
577
-
1 797
-
pensions
136
-
261
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
353
-
Corporate
1 390
2 150
-
-
income

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

208
323
-
-
total
208
323
-
-
Dividends
1 181
1 827
-
-
withholding
246
395
-
-
total
246
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
795
718
994
944
After tax
1 355
1 432
1 156
1 206
Living cost
420
420
420
420
Free-cash
935
1 012
736
786

Estimated living cost  is $420 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1633
$1594
$1511
$1560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
322
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
434
Employee
272
-
2 068
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
207
-
health
13
-
19
-
total
67
-
268
-
Employer
272
-
2 068
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 825
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 642
1 935
-
-
withholding
82
97
-
-
total
82
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
385
312
351
434
After tax
1 765
1 838
1 799
1 716
Living cost
205
205
205
205
Free-cash
1 560
1 633
1 594
1 511

Estimated living cost  is $205 per week

$136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$644
$900
$671
$801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
670
surtax

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

-
-
-
37
health

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

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

-
-
-
82
trade
-
-
-
229
total
-
-
-
1 018
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.

49
-
670
-
health

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

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

82
-
82
-
total
134
-
789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 556
2 150
-
-
income
233
323
-
-
surtax

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

13
18
-
-
chamber of commerce
4
5
-
-
trade
223
309
-
-
total
473
655
-
-
Dividends
1 082
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
266
370
-
-
total
281
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
888
1 045
789
1 018
After tax
1 262
1 105
1 361
1 132
Living cost
461
461
461
461
Free-cash
801
644
900
671

Estimated living cost  is $461 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$825
$447
$447
$851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
663
social contributions
-
-
-
360
total
-
-
-
1 023
Employee
934
-
2 150
-
income
176
-
663
-
social contributions
78
-
360
-
total
254
-
1 023
-
Employer
934
-
2 150
-
total
-
-
-
-
Corporate
1 216
2 150
-
-
income
152
269
-
-
total
152
269
-
-
Dividends
1 064
1 881
-
-
withholding
213
376
-
-
total
213
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
619
645
1 023
1 023
After tax
1 531
1 505
1 127
1 127
Living cost
680
680
680
680
Free-cash
851
825
447
447

Estimated living cost  is $680 per week

$517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$902
$1093
$1305
$943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
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
-
-
-
412
Employee
548
-
2 095
-
income
59
-
514
-
social contributions
55
-
55
-
total
114
-
569
-
Employer
548
-
2 095
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 548
2 150
-
-
income
542
752
-
-
total
542
752
-
-
Dividends
1 006
1 398
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
2 150
2 150
2 150
2 150
Total tax
774
815
624
412
After tax
1 376
1 335
1 526
1 738
Living cost
433
433
433
433
Free-cash
943
902
1 093
1 305

Estimated living cost  is $433 per week

$285
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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

279
409
-
-
total
279
409
-
-
Dividends
1 190
1 741
-
-
withholding
160
339
-
-
total
160
339
-
-
Income
2 150
2 150
2 150
2 150
Total tax
677
748
923
728
After tax
1 473
1 402
1 227
1 422
Living cost
443
443
443
443
Free-cash
1 030
959
784
979

Estimated living cost  is $443 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$115
$881
$1182
$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
accident
-
-
-
3
income
-
-
-
596
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
679
Employee
454
-
1 937
-
pensions
51
-
92
-
income
62
-
454
-
health
52
-
222
-
total
165
-
768
-
Employer
454
-
1 937
-
pensions
74
-
133
-
accident
8
-
32
-
unemployment
11
-
47
-
total
93
-
212
-
Corporate
1 604
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.

1 443
1 935
-
-
total
1 443
1 935
-
-
Dividends
160
215
-
-
withholding
30
41
-
-
total
30
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 731
1 976
980
679
After tax
419
174
1 170
1 471
Living cost
289
289
289
289
Free-cash
130
-115
881
1 182

Estimated living cost  is $289 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1648
$1371
$1109
$1593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
2 150
income
-
-
-
355
unemployment
-
-
-
23
work injury
-
-
-
10
health insurance
-
-
-
141
pensions
-
-
-
351
total
-
-
-
880
Employee

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

258
-
2 150
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
176
-
income
26
-
355
-
total
96
-
618
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 892
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
1 873
2 128
-
-
withholding
281
319
-
-
total
281
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
396
341
618
880
After tax
1 754
1 809
1 532
1 270
Living cost
161
161
161
161
Free-cash
1 593
1 648
1 371
1 109

Estimated living cost  is $161 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$656
$428
$524
$602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
553
regional
-
-
-
49
municipal
-
-
-
14
national
-
-
-
534
total
-
-
-
1 150
Employee
1 006
-
2 150
-
municipal
6
-
13
-
national
170
-
464
-
regional
15
-
44
-
social contributions
339
-
725
-
total
530
-
1 246
-
Employer
1 006
-
2 150
-
total
-
-
-
-
Corporate
1 144
2 150
-
-
municipal
55
104
-
-
nationa
275
516
-
-
total
330
620
-
-
Dividends
814
1 530
-
-
withholding
212
398
-
-
total
212
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 072
1 018
1 246
1 150
After tax
1 078
1 132
904
1 000
Living cost
476
476
476
476
Free-cash
602
656
428
524

Estimated living cost  is $476 per week

$334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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