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
$756
$875
$759
$1019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
260
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.

-
-
-
692
health

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

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

-
-
-
74
surtax

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

-
-
-
38
total
-
-
-
1 064
Employee

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

413
-
2 150
-
health

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

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

74
-
74
-
surtax

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

1
-
38
-
income

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

12
-
692
-
total
87
-
804
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 737
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.

14
18
-
-
income
261
322
-
-
trade
274
339
-
-
chamber of commerce
4
5
-
-
total
553
684
-
-
Dividends
1 184
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
292
363
-
-
total
308
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
948
1 067
804
1 064
After tax
1 202
1 083
1 346
1 086
Living cost
327
327
327
327
Free-cash
875
756
1 019
759

Estimated living cost  is $327 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$797
$787
$700
$710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
237
pensions
-
-
-
258
national
-
-
-
387
social contributions
-
-
-
23
total
-
-
-
905
Employee
844
-
1 859
-
municipal
104
-
246
-
pensions
34
-
74
-
national
162
-
406
-
total
300
-
726
-
Employer
844
-
1 859
-
social contributions
9
-
20
-
pensions
68
-
149
-
total
77
-
169
-
Corporate
1 173
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%.

235
430
-
-
total
235
430
-
-
Dividends
939
1 720
-
-
withholding
206
378
-
-
total
206
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
818
808
895
905
After tax
1 332
1 342
1 255
1 245
Living cost
545
545
545
545
Free-cash
787
797
710
700

Estimated living cost  is $545 per week

$370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1495
$1406
$538
$695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
income
-
-
-
425
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.

-
-
-
414
total
-
-
-
1 387
Employee
316
-
1 658
-
social contributions

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

35
-
142
-
surtax
-
-
240
-
income
56
-
356
-
total
91
-
738
-
Employer
316
-
1 658
-
social contributions

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

76
-
310
-
surtax
-
-
182
-
total
76
-
492
-
Corporate
1 758
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%.

352
430
-
-
total
352
430
-
-
Dividends

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

1 407
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
519
430
1 230
1 387
After tax
1 631
1 720
920
763
Living cost
225
225
225
225
Free-cash
1 406
1 495
695
538

Estimated living cost  is $225 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$617
$550
$717
$917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
721
pensions
-
-
-
127
health
-
-
-
133
total
-
-
-
981
Employee
922
922
1 949
-
health
142
120
133
-
income

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

151
151
320
-
pensions
166
127
127
-
total
459
398
580
-
Employer
922
922
1 949
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
1 078
1 066
-
-
income
216
213
-
-
total
216
213
-
-
Dividends
862
853
-
-
income
183
181
-
-
withholding
129
128
-
-
total
312
309
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 148
1 081
781
981
After tax
1 002
1 069
1 369
1 169
Living cost
452
452
452
452
Free-cash
550
617
917
717

Estimated living cost  is $452 per week

$321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$755
$745
$666
$657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
562
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
237
total
-
-
-
1 065
Employee
597
-
1 862
-
municipal
178
-
555
-
national
-
-
231
-
total
178
-
786
-
Employer
597
-
1 862
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
65
-
99
-
health
37
-
56
-
total
188
-
288
-
Corporate
1 366
2 150
-
-
income
300
473
-
-
total
300
473
-
-
Dividends
1 065
1 677
-
-
withholding
320
503
-
-
total
320
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
986
976
1 074
1 065
After tax
1 164
1 174
1 076
1 085
Living cost
419
419
419
419
Free-cash
745
755
657
666

Estimated living cost  is $419 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$648
$800
$651
$922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
271
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.

-
-
-
692
health

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

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

-
-
-
74
surtax

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

-
-
-
38
total
-
-
-
1 075
Employee

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

548
-
2 150
-
health

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

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

74
-
74
-
surtax

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

3
-
38
-
income

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

47
-
692
-
total
124
-
804
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 602
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.

13
18
-
-
income
240
322
-
-
trade
264
354
-
-
chamber of commerce
4
5
-
-
total
521
699
-
-
Dividends
1 081
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.

15
20
-
-
withholding
266
359
-
-
total
281
379
-
-
Income
2 150
2 150
2 150
2 150
Total tax
926
1 078
804
1 075
After tax
1 224
1 072
1 346
1 075
Living cost
424
424
424
424
Free-cash
800
648
922
651

Estimated living cost  is $424 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1218
$1174
$1107
$1089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
463
health
-
-
-
55
social contributions
-
-
-
175
total
-
-
-
693
Employee
830
830
2 020
-
social contributions
40
69
93
-
health
8
14
34
-
income
87
77
454
-
total
135
160
581
-
Employer
830
830
2 020
-
social contributions
40
69
93
-
health
9
15
37
-
total
49
84
130
-
Corporate
1 615
1 235
-
-
income
202
154
-
-
total
202
154
-
-
Dividends
1 413
1 081
-
-
withholding
240
184
-
-
total
240
184
-
-
Income
2 150
2 150
2 150
2 150
Total tax
626
582
711
693
After tax
1 524
1 568
1 439
1 457
Living cost
350
350
350
350
Free-cash
1 174
1 218
1 089
1 107

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$1012
$1016
$1293
$1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

283
113
1 799
-
health
20
8
126
-
income
35
14
220
-
pensions
28
11
180
-
unemployment
4
2
27
-
total
87
35
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.

283
113
1 799
-
pensions
55
22
351
-
total
55
22
351
-
Corporate
1 812
2 015
-
-
income
163
181
-
-
total
163
181
-
-
Dividends
1 649
1 834
-
-
social contributions
320
356
-
-
withholding
313
348
-
-
total
633
704
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
942
904
661
After tax
1 212
1 208
1 246
1 489
Living cost
196
196
196
196
Free-cash
1 016
1 012
1 050
1 293

Estimated living cost  is $196 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1459
$1393
$891
$978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
430
health
-
-
-
280
total
-
-
-
998
Employee
306
-
1 607
-
income
34
-
310
-
pensions
6
-
32
-
unemployment
5
-
26
-
total
45
-
368
-
Employer
306
-
1 607
-
unemployment
2
-
13
-
pensions
61
-
321
-
health
40
-
209
-
total
103
-
543
-
Corporate
1 740
2 150
-
-
income
348
430
-
-
total
348
430
-
-
Dividends
1 392
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
496
430
911
998
After tax
1 654
1 720
1 239
1 152
Living cost
261
261
261
261
Free-cash
1 393
1 459
978
891

Estimated living cost  is $261 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$63
$138
$1232
$939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
606
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
681
Employee
373
-
1 951
-
health
43
-
223
-
income
51
-
469
-
pensions
42
-
82
-
total
136
-
774
-
Employer
373
-
1 951
-
accident
6
-
33
-
unemployment
9
-
48
-
pensions
61
-
119
-
total
76
-
200
-
Corporate
1 701
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.

1 531
1 935
-
-
total
1 531
1 935
-
-
Dividends
170
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 775
1 976
974
681
After tax
375
174
1 176
1 469
Living cost
237
237
237
237
Free-cash
138
-63
939
1 232

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1945
$1927
$2030
$1622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
122
-
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%.

2 028
2 150
-
-
total
-
-
-
-
Dividends
2 028
2 150
-
-
withholding
101
107
-
-
total
101
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
107
430
22
After tax
2 025
2 043
1 720
2 128
Living cost
98
98
98
98
Free-cash
1 927
1 945
1 622
2 030

Estimated living cost  is $98 per week

$61
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
$1292
$1220
$962
$944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
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.

-
-
-
394
other
-
-
-
78
health
-
-
-
72
total
-
-
-
900
Employee
392
-
1 735
-
health
5
-
23
-
income
67
-
350
-
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.

27
-
115
-
unemployment
4
-
16
-
total
103
-
504
-
Employer
392
-
1 735
-
accident
3
-
14
-
other
20
-
82
-
unemployment
4
-
16
-
pensions

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

67
-
279
-
health
5
-
23
-
total
99
-
414
-
Corporate
1 659
2 150
-
-
income
348
451
-
-
total
348
451
-
-
Dividends
1 311
1 699
-
-
withholding
92
119
-
-
total
92
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
642
570
918
900
After tax
1 508
1 580
1 232
1 250
Living cost
288
288
288
288
Free-cash
1 220
1 292
944
962

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$659
$743
$686
$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
-
-
-
641
pensions
-
-
-
102
total
-
-
-
743
Employee
1 020
-
1 876
-
health
17
-
26
-
income
184
-
512
-
pensions
98
-
124
-
total
299
-
662
-
Employer
1 020
-
1 876
-
pensions
120
-
239
-
health
19
-
36
-
total
139
-
275
-
Corporate
990
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.

188
409
-
-
total
188
409
-
-
Dividends
802
1 741
-
-
withholding
60
361
-
-
total
60
361
-
-
Income
2 150
2 150
2 150
2 150
Total tax
686
770
937
743
After tax
1 464
1 380
1 213
1 407
Living cost
721
721
721
721
Free-cash
743
659
492
686

Estimated living cost  is $721 per week

$540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 London model

Close
Varna , Bulgaria
$1696
$1645
$1584
$1672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
424
Employee
187
-
2 076
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
208
-
pensions

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

16
-
33
-
total
46
-
262
-
Employer
187
-
2 076
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 926
2 150
-
-
income
193
215
-
-
total
193
215
-
-
Dividends
1 733
1 935
-
-
withholding
87
97
-
-
total
87
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
363
312
336
424
After tax
1 787
1 838
1 814
1 726
Living cost
142
142
142
142
Free-cash
1 645
1 696
1 672
1 584

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$470
$494
$570
$770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
721
pensions
-
-
-
127
health
-
-
-
133
total
-
-
-
981
Employee
1 001
922
1 949
-
health
125
120
133
-
income

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

151
151
320
-
pensions
127
127
127
-
total
403
398
580
-
Employer
1 001
922
1 949
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
974
1 066
-
-
income
195
213
-
-
total
195
213
-
-
Dividends
779
853
-
-
income
166
181
-
-
withholding
117
128
-
-
total
283
309
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 057
1 081
781
981
After tax
1 093
1 069
1 369
1 169
Living cost
599
599
599
599
Free-cash
494
470
770
570

Estimated living cost  is $599 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1222
$1130
$992
$900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
223
health
-
-
-
290
solidarity contribution
-
-
-
15
social contributions
-
-
-
372
total
-
-
-
900
Employee
380
-
1 681
-
social contributions
25
-
83
-
health
51
-
227
-
solidarity contribution
-
-
7
-
income
46
-
206
-
total
122
-
523
-
Employer
380
-
1 681
-
social contributions
95
-
318
-
health
34
-
151
-
total
129
-
469
-
Corporate
1 641
2 150
-
-
income
312
409
-
-
total
312
409
-
-
Dividends
1 329
1 741
-
-
withholding
199
261
-
-
total
199
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
762
670
992
900
After tax
1 388
1 480
1 158
1 250
Living cost
258
258
258
258
Free-cash
1 130
1 222
900
992

Estimated living cost  is $258 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$691
$635
$563
$469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13
regional
-
-
-
26
national
-
-
-
552
social contributions
-
-
-
540
total
-
-
-
1 131
Employee
960
-
2 150
-
social contributions
324
-
708
-
regional
9
-
23
-
municipal
5
-
12
-
national
166
-
482
-
total
504
-
1 225
-
Employer
960
-
2 150
-
total
-
-
-
-
Corporate
1 190
2 150
-
-
nationa
286
516
-
-
municipal
46
84
-
-
total
332
600
-
-
Dividends
858
1 550
-
-
withholding
223
403
-
-
total
223
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 059
1 003
1 225
1 131
After tax
1 091
1 147
925
1 019
Living cost
456
456
456
456
Free-cash
635
691
469
563

Estimated living cost  is $456 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$1114
$1080
$777
$710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
639
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
104
total
-
-
-
1 135
Employee
357
-
1 847
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
91
-
income
60
-
574
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
119
-
898
-
Employer
357
-
1 847
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
192
-
health
16
-
66
-
total
75
-
304
-
Corporate
1 718
2 150
-
-
income
447
559
-
-
total
447
559
-
-
Dividends
1 271
1 591
-
-
withholding
191
239
-
-
total
191
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
832
798
1 202
1 135
After tax
1 318
1 352
948
1 015
Living cost
238
238
238
238
Free-cash
1 080
1 114
710
777

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$887
$959
$914
$720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
pensions
-
-
-
102
total
-
-
-
743
Employee
684
-
1 876
-
health
10
-
26
-
income
123
-
512
-
pensions
58
-
124
-
total
191
-
662
-
Employer
684
-
1 876
-
pensions
74
-
239
-
health
13
-
36
-
total
87
-
275
-
Corporate
1 379
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.

262
409
-
-
total
262
409
-
-
Dividends
1 117
1 741
-
-
withholding
158
361
-
-
total
158
361
-
-
Income
2 150
2 150
2 150
2 150
Total tax
698
770
937
743
After tax
1 452
1 380
1 213
1 407
Living cost
493
493
493
493
Free-cash
959
887
720
914

Estimated living cost  is $493 per week

$369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$162
$514
$899
$810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
23
pensions
-
-
-
198
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
-
-
-
114
health
-
-
-
5
national
-
-
-
47
total
-
-
-
430
Employee
961
-
1 929
-
city
10
-
21
-
regional
31
-
100
-
health
2
-
4
-
pensions
81
-
157
-
unemployment
-
-
-
-
national
5
-
37
-
total
129
-
319
-
Employer
961
-
1 929
-
other

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

19
-
39
-
unemployment
-
-
-
-
pensions
81
-
157
-
health
2
-
4
-
total
102
-
200
-
Corporate
1 076
2 150
-
-
regional
228
455
-
-
national
91
183
-
-
total
319
638
-
-
Dividends
757
1 513
-
-
withholding
265
529
-
-
total
265
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
815
1 167
519
430
After tax
1 335
983
1 631
1 720
Living cost
821
821
821
821
Free-cash
514
162
810
899

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$566
$743
$568
$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

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

-
-
-
2 150
trade
-
-
-
283
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.

-
-
-
692
health

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

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

-
-
-
74
surtax

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

-
-
-
38
total
-
-
-
1 087
Employee

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

649
-
2 150
-
health

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

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

74
-
74
-
surtax

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

4
-
38
-
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.

76
-
692
-
total
154
-
804
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 501
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.

12
18
-
-
income
225
322
-
-
trade
257
369
-
-
chamber of commerce
4
5
-
-
total
498
714
-
-
Dividends
1 002
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.

14
20
-
-
withholding
246
355
-
-
total
260
375
-
-
Income
2 150
2 150
2 150
2 150
Total tax
912
1 089
804
1 087
After tax
1 238
1 061
1 346
1 063
Living cost
495
495
495
495
Free-cash
743
566
851
568

Estimated living cost  is $495 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$715
$780
$831
$783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
pensions
-
-
-
360
other
-
-
-
67
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
950
Employee
462
-
1 652
-
social contributions
13
-
47
-
surtax
-
-
-
-
income
27
-
332
-
pensions
52
-
120
-
total
92
-
499
-
Employer
462
-
1 652
-
other
16
-
67
-
social contributions
1
-
5
-
unemployment
19
-
67
-
pensions
76
-
201
-
health
32
-
159
-
total
144
-
499
-
Corporate
1 544
2 150
-
-
surtax
-
-
-
-
income
432
602
-
-
total
432
602
-
-
Dividends
1 111
1 548
-
-
surtax
-
-
-
-
social contributions
191
266
-
-
withholding
142
198
-
-
total
333
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 001
1 066
998
950
After tax
1 149
1 084
1 152
1 200
Living cost
369
369
369
369
Free-cash
780
715
783
831

Estimated living cost  is $369 per week

$233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$751
$811
$867
$819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
pensions
-
-
-
360
other
-
-
-
67
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
950
Employee
412
-
1 652
-
social contributions
12
-
47
-
surtax
-
-
-
-
income
21
-
332
-
pensions
47
-
120
-
total
80
-
499
-
Employer
412
-
1 652
-
other
14
-
67
-
social contributions
1
-
5
-
unemployment
17
-
67
-
pensions
68
-
201
-
health
29
-
159
-
total
129
-
499
-
Corporate
1 609
2 150
-
-
surtax
-
-
-
-
income
450
602
-
-
total
450
602
-
-
Dividends
1 158
1 548
-
-
surtax
-
-
-
-
social contributions
199
266
-
-
withholding
148
198
-
-
total
347
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 006
1 066
998
950
After tax
1 144
1 084
1 152
1 200
Living cost
333
333
333
333
Free-cash
811
751
819
867

Estimated living cost  is $333 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$1083
$1088
$1152
$1100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
150
social contributions
-
-
-
297
total
-
-
-
769
Employee
366
-
2 150
-
social contributions
51
-
297
-
health
26
-
150
-
income
61
-
374
-
total
138
-
821
-
Employer
366
-
2 150
-
total
-
-
-
-
Corporate
1 784
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%.

89
107
-
-
total
89
107
-
-
Dividends
1 695
2 043
-
-
health
118
143
-
-
social contributions
234
282
-
-
withholding
254
306
-
-
total
606
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
833
838
821
769
After tax
1 317
1 312
1 329
1 381
Living cost
229
229
229
229
Free-cash
1 088
1 083
1 100
1 152

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$807
$792
$725
$187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
9
income
-
-
-
639
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
1 045
Employee
540
430
1 749
-
other
5
4
13
-
health
21
17
49
-
income
61
32
527
-
pensions
55
44
129
-
unemployment
16
13
38
-
total
158
110
756
-
Employer
540
430
1 749
-
accident
7
6
16
-
other
26
20
79
-
chamber of commerce
2
2
7
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
158
-
payroll
16
13
52
-
health
20
16
48
-
total
157
126
400
-
Corporate
1 453
1 594
1 708
-
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.

363
398
427
-
total
363
398
427
-
Dividends
1 090
1 195
-
-
withholding
300
329
-
-
total
300
329
-
-
Income
2 150
2 150
2 150
2 150
Total tax
978
963
1 583
1 045
After tax
1 172
1 187
567
1 105
Living cost
380
380
380
380
Free-cash
792
807
187
725

Estimated living cost  is $380 per week

$254
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$801
$647
$540
$349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
834
communal

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

-
-
-
113
social contributions
-
-
-
269
total
-
-
-
1 216
Employee

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

772
-
1 665
-
communal

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

40
-
87
-
health

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

36
-
78
-
pensions

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

58
-
125
-
unemployment

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

7
-
14
-
national
237
-
618
-
total
378
-
922
-
Employer

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

772
-
1 665
-
accident

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

10
-
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.

11
-
24
-
surtax
88
-
189
-
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.

68
-
148
-
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.

47
-
102
-
total
224
-
485
-
Corporate
1 153
2 150
-
-
surtax
5
9
-
-
income
231
439
-
-
total
236
448
-
-
Dividends
918
1 702
-
-
withholding

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

271
507
-
-
total
271
507
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 109
955
1 407
1 216
After tax
1 041
1 195
743
934
Living cost
394
394
394
394
Free-cash
647
801
349
540

Estimated living cost  is $394 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$1041
$966
$814
$768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
646
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
946
Employee
537
-
1 831
-
other
1
-
1
-
income
113
-
609
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
147
-
673
-
Employer
537
-
1 831
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
1 441
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.

216
322
-
-
total
216
322
-
-
Dividends
1 225
1 828
-
-
withholding
259
397
-
-
total
259
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
794
719
992
946
After tax
1 356
1 431
1 158
1 204
Living cost
390
390
390
390
Free-cash
966
1 041
768
814

Estimated living cost  is $390 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$652
$509
$448
$533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18
income
-
-
-
381
pensions
-
-
-
322
health
-
-
-
151
surtax
-
-
-
107
communal
-
-
-
136
total
-
-
-
1 115
Employee
818
-
1 921
-
health
36
-
85
-
surtax
50
-
118
-
income
79
-
443
-
pensions
65
-
154
-
total
230
-
800
-
Employer
818
-
1 921
-
accident
7
-
17
-
pensions
65
-
154
-
health
25
-
59
-
total
97
-
230
-
Corporate
1 235
2 150
-
-
surtax
13
23
-
-
communal
83
145
-
-
income
185
322
-
-
total
281
490
-
-
Dividends
953
1 660
-
-
income
303
172
-
-
withholding
143
249
-
-
total
446
421
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 054
911
1 030
1 115
After tax
1 096
1 239
1 120
1 035
Living cost
587
587
587
587
Free-cash
509
652
533
448

Estimated living cost  is $587 per week

$440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1109
$1075
$772
$705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
639
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
104
total
-
-
-
1 135
Employee
364
-
1 847
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
91
-
income
61
-
574
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
120
-
898
-
Employer
364
-
1 847
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
48
-
192
-
health
17
-
66
-
total
77
-
304
-
Corporate
1 710
2 150
-
-
income
445
559
-
-
total
445
559
-
-
Dividends
1 265
1 591
-
-
withholding
190
239
-
-
total
190
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
832
798
1 202
1 135
After tax
1 318
1 352
948
1 015
Living cost
243
243
243
243
Free-cash
1 075
1 109
705
772

Estimated living cost  is $243 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$839
$816
$721
$628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13
regional
-
-
-
33
national
-
-
-
552
social contributions
-
-
-
540
total
-
-
-
1 138
Employee
599
-
2 150
-
social contributions
202
-
708
-
regional
8
-
29
-
municipal
3
-
12
-
national
95
-
482
-
total
308
-
1 231
-
Employer
599
-
2 150
-
total
-
-
-
-
Corporate
1 551
2 150
-
-
nationa
372
516
-
-
municipal
77
107
-
-
total
449
623
-
-
Dividends
1 102
1 527
-
-
withholding
286
397
-
-
total
286
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 043
1 020
1 231
1 138
After tax
1 107
1 130
919
1 012
Living cost
291
291
291
291
Free-cash
816
839
628
721

Estimated living cost  is $291 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1162
$1050
$932
$840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
223
health
-
-
-
290
solidarity contribution
-
-
-
15
social contributions
-
-
-
372
total
-
-
-
900
Employee
468
-
1 681
-
social contributions
30
-
83
-
health
63
-
227
-
solidarity contribution
-
-
7
-
income
56
-
206
-
total
149
-
523
-
Employer
468
-
1 681
-
social contributions
117
-
318
-
health
42
-
151
-
total
159
-
469
-
Corporate
1 523
2 150
-
-
income
289
409
-
-
total
289
409
-
-
Dividends
1 234
1 741
-
-
withholding
185
261
-
-
total
185
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
782
670
992
900
After tax
1 368
1 480
1 158
1 250
Living cost
318
318
318
318
Free-cash
1 050
1 162
840
932

Estimated living cost  is $318 per week

$237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$844
$840
$763
$222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
9
income
-
-
-
639
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
1 043
Employee
472
430
1 751
-
other
5
4
13
-
health
18
17
49
-
income
42
32
528
-
pensions
48
44
129
-
unemployment
14
13
38
-
total
127
110
757
-
Employer
472
430
1 751
-
accident
6
6
16
-
other
22
20
79
-
chamber of commerce
2
2
7
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
158
-
payroll
14
13
53
-
health
18
16
48
-
total
135
124
399
-
Corporate
1 542
1 596
1 710
-
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.

386
399
428
-
total
386
399
428
-
Dividends
1 157
1 197
-
-
withholding
318
329
-
-
total
318
329
-
-
Income
2 150
2 150
2 150
2 150
Total tax
966
962
1 584
1 043
After tax
1 184
1 188
566
1 107
Living cost
344
344
344
344
Free-cash
840
844
222
763

Estimated living cost  is $344 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1891
$1862
$1976
$1568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
191
-
2 150
-
income
38
-
430
-
total
38
-
430
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 959
2 150
-
-
total
-
-
-
-
Dividends
1 959
2 150
-
-
withholding
98
107
-
-
total
98
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
136
107
430
22
After tax
2 014
2 043
1 720
2 128
Living cost
152
152
152
152
Free-cash
1 862
1 891
1 568
1 976

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$1190
$1100
$737
$690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
515
pensions
-
-
-
393
unemployment
-
-
-
3
health
-
-
-
212
total
-
-
-
1 123
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.

477
-
1 860
-
health
31
-
120
-
income
82
-
469
-
pensions
74
-
288
-
unemployment
1
-
3
-
total
188
-
880
-
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.

477
-
1 860
-
unemployment
-
-
1
-
pensions
42
-
165
-
health
32
-
124
-
total
74
-
290
-
Corporate
1 598
2 150
-
-
income
304
409
-
-
total
304
409
-
-
Dividends
1 295
1 741
-
-
withholding
194
261
-
-
total
194
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
760
670
1 170
1 123
After tax
1 390
1 480
980
1 027
Living cost
290
290
290
290
Free-cash
1 100
1 190
690
737

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$840
$324
$1018
$1539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
947
-
135
-
total
947
-
135
-
Corporate
532
2 150
-
-
income
117
473
-
-
total
117
473
-
-
Dividends
415
1 677
-
-
income
91
369
-
-
total
91
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 358
842
143
664
After tax
792
1 308
2 007
1 486
Living cost
468
468
468
468
Free-cash
324
840
1 539
1 018

Estimated living cost  is $468 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$884
$873
$797
$633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
267
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 014
Employee
497
-
1 737
-
social contributions
55
-
191
-
surtax
-
-
-
-
income
103
-
574
-
total
158
-
765
-
Employer
497
-
1 737
-
social contributions
118
-
413
-
total
118
-
413
-
Corporate
1 535
2 150
-
-
surtax
-
-
-
-
income
322
451
-
-
total
322
451
-
-
Dividends
1 213
1 699
-
-
withholding
340
476
-
-
total
340
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
927
1 178
1 014
After tax
1 212
1 223
972
1 136
Living cost
339
339
339
339
Free-cash
873
884
633
797

Estimated living cost  is $339 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$562
$638
$678
$630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
pensions
-
-
-
360
other
-
-
-
67
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
950
Employee
676
-
1 652
-
social contributions
19
-
47
-
surtax
-
-
-
-
income
59
-
332
-
pensions
76
-
120
-
total
154
-
499
-
Employer
676
-
1 652
-
other
23
-
67
-
social contributions
2
-
5
-
unemployment
27
-
67
-
pensions
111
-
201
-
health
47
-
159
-
total
210
-
499
-
Corporate
1 263
2 150
-
-
surtax
-
-
-
-
income
354
602
-
-
total
354
602
-
-
Dividends
909
1 548
-
-
surtax
-
-
-
-
social contributions
156
266
-
-
withholding
116
198
-
-
total
272
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
990
1 066
998
950
After tax
1 160
1 084
1 152
1 200
Living cost
522
522
522
522
Free-cash
638
562
630
678

Estimated living cost  is $522 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1610
$1573
$1250
$1307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
102
social contributions
-
-
-
473
total
-
-
-
575
Employee
347
-
1 861
-
income
-
-
108
-
social contributions
23
-
121
-
total
23
-
229
-
Employer
347
-
1 861
-
social contributions
54
-
289
-
total
54
-
289
-
Corporate
1 749
2 150
-
-
income
175
215
-
-
total
175
215
-
-
Dividends
1 574
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
252
215
518
575
After tax
1 898
1 935
1 632
1 575
Living cost
325
325
325
325
Free-cash
1 573
1 610
1 307
1 250

Estimated living cost  is $325 per week

$210
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-$202
-$202
$735
-$202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
455
pensions
-
-
-
9
national
-
-
-
260
labour market
-
-
-
171
total
-
-
-
895
Employee
2 195
2 195
2 195
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 195
2 195
2 195
-
labour market
176
176
176
-
municipal
468
468
468
-
pensions
6
6
6
-
national
269
269
269
-
total
919
919
919
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 832
1 832
1 832
895
After tax
318
318
318
1 255
Living cost
520
520
520
520
Free-cash
-202
-202
-202
735

Estimated living cost  is $520 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$59
$140
$1236
$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
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
606
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
681
Employee
367
-
1 951
-
health
42
-
223
-
income
50
-
469
-
pensions
41
-
82
-
total
133
-
774
-
Employer
367
-
1 951
-
accident
6
-
33
-
unemployment
9
-
48
-
pensions
60
-
119
-
total
75
-
200
-
Corporate
1 708
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.

1 537
1 935
-
-
total
1 537
1 935
-
-
Dividends
171
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 777
1 976
974
681
After tax
373
174
1 176
1 469
Living cost
233
233
233
233
Free-cash
140
-59
943
1 236

Estimated living cost  is $233 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$917
$950
$935
$689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
382
health
-
-
-
29
national
-
-
-
389
total
-
-
-
800
Employee
568
-
1 809
-
health
4
-
23
-
municipal
93
-
295
-
pensions
38
-
122
-
unemployment
9
-
27
-
national
9
-
237
-
total
153
-
704
-
Employer
568
-
1 809
-
accident
1
-
2
-
unemployment
4
-
12
-
pensions
99
-
314
-
health
4
-
14
-
total
108
-
342
-
Corporate
1 475
2 150
-
-
income
295
430
-
-
total
295
430
-
-
Dividends

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

885
1 290
-
-
national
70
156
-
-
municipal
159
232
-
-
total
229
388
-
-
Income
2 150
2 150
2 150
2 150
Total tax
785
818
1 046
800
After tax
1 365
1 332
1 104
1 350
Living cost
415
415
415
415
Free-cash
950
917
689
935

Estimated living cost  is $415 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1318
$1260
$1207
$1189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
463
health
-
-
-
55
social contributions
-
-
-
175
total
-
-
-
693
Employee
830
830
2 020
-
social contributions
31
69
93
-
health
6
14
34
-
income
90
77
454
-
total
127
160
581
-
Employer
830
830
2 020
-
social contributions
31
69
93
-
health
7
15
37
-
total
38
84
130
-
Corporate
1 733
1 235
-
-
income
217
154
-
-
total
217
154
-
-
Dividends
1 517
1 081
-
-
withholding
258
184
-
-
total
258
184
-
-
Income
2 150
2 150
2 150
2 150
Total tax
640
582
711
693
After tax
1 510
1 568
1 439
1 457
Living cost
250
250
250
250
Free-cash
1 260
1 318
1 189
1 207

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1609
$1554
$1650
$1434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
221
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
329
Employee

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

248
-
2 044
-
health
21
-
87
-
income
17
-
194
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
440
-
Employer

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

248
-
2 044
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
1 877
2 150
-
-
income
169
194
-
-
total
169
194
-
-
Dividends
1 708
1 956
-
-
withholding
154
176
-
-
total
154
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
425
370
545
329
After tax
1 725
1 780
1 605
1 821
Living cost
171
171
171
171
Free-cash
1 554
1 609
1 434
1 650

Estimated living cost  is $171 per week

$109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$1134
$1086
$907
$861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
646
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
946
Employee
399
-
1 831
-
other
-
-
1
-
income
77
-
609
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
673
-
Employer
399
-
1 831
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
1 623
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.

244
322
-
-
total
244
322
-
-
Dividends
1 380
1 828
-
-
withholding
294
397
-
-
total
294
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
767
719
992
946
After tax
1 383
1 431
1 158
1 204
Living cost
297
297
297
297
Free-cash
1 086
1 134
861
907

Estimated living cost  is $297 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1312
$1307
$1349
$1348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
733
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
771
Employee
45
-
2 126
-
health
2
-
5
-
income
9
-
732
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
748
-
Employer
45
-
2 126
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
2 095
2 150
-
-
income
461
473
-
-
total
461
473
-
-
Dividends
1 634
1 677
-
-
withholding
327
335
-
-
total
327
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
813
808
772
771
After tax
1 337
1 342
1 378
1 379
Living cost
30
30
30
30
Free-cash
1 307
1 312
1 348
1 349

Estimated living cost  is $30 per week

$18
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$1366
$1314
$1170
$1169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
492
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
793
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

282
-
2 007
-
health
14
-
41
-
income
39
-
492
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
651
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

282
-
2 007
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
1 818
2 150
-
-
income
273
323
-
-
total
273
323
-
-
Dividends
1 545
1 827
-
-
withholding
232
274
-
-
total
232
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
649
597
794
793
After tax
1 501
1 553
1 356
1 357
Living cost
187
187
187
187
Free-cash
1 314
1 366
1 169
1 170

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$932
$927
$845
$681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
267
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 014
Employee
419
-
1 737
-
social contributions
46
-
191
-
surtax
-
-
-
-
income
82
-
574
-
total
128
-
765
-
Employer
419
-
1 737
-
social contributions
100
-
413
-
total
100
-
413
-
Corporate
1 631
2 150
-
-
surtax
-
-
-
-
income
343
451
-
-
total
343
451
-
-
Dividends
1 289
1 699
-
-
withholding
361
476
-
-
total
361
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
932
927
1 178
1 014
After tax
1 218
1 223
972
1 136
Living cost
291
291
291
291
Free-cash
927
932
681
845

Estimated living cost  is $291 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1052
$980
$825
$779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
9
income
-
-
-
646
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
946
Employee
521
-
1 831
-
other
1
-
1
-
income
109
-
609
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
673
-
Employer
521
-
1 831
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
1 462
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.

219
322
-
-
total
219
322
-
-
Dividends
1 243
1 828
-
-
withholding
263
397
-
-
total
263
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
791
719
992
946
After tax
1 359
1 431
1 158
1 204
Living cost
379
379
379
379
Free-cash
980
1 052
779
825

Estimated living cost  is $379 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1652
$1585
$1540
$1628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
424
Employee
246
-
2 076
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
208
-
pensions

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

22
-
33
-
total
61
-
262
-
Employer
246
-
2 076
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 856
2 150
-
-
income
186
215
-
-
total
186
215
-
-
Dividends
1 670
1 935
-
-
withholding
84
97
-
-
total
84
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
379
312
336
424
After tax
1 771
1 838
1 814
1 726
Living cost
186
186
186
186
Free-cash
1 585
1 652
1 628
1 540

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$689
$832
$693
$929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
236
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.

-
-
-
692
health

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

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

-
-
-
74
surtax

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

-
-
-
38
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.

537
-
2 150
-
health

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

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

74
-
74
-
surtax

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

2
-
38
-
income

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

44
-
692
-
total
120
-
804
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 613
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.

13
18
-
-
income
242
322
-
-
trade
231
309
-
-
chamber of commerce
4
5
-
-
total
490
654
-
-
Dividends
1 122
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
276
370
-
-
total
291
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
901
1 044
804
1 040
After tax
1 249
1 106
1 346
1 110
Living cost
417
417
417
417
Free-cash
832
689
929
693

Estimated living cost  is $417 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$890
$915
$489
$489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
682
social contributions
-
-
-
364
total
-
-
-
1 046
Employee
845
-
2 150
-
income
159
-
682
-
social contributions
70
-
364
-
total
229
-
1 046
-
Employer
845
-
2 150
-
total
-
-
-
-
Corporate
1 305
2 150
-
-
income
163
269
-
-
total
163
269
-
-
Dividends
1 142
1 881
-
-
withholding
228
376
-
-
total
228
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
620
645
1 046
1 046
After tax
1 530
1 505
1 104
1 104
Living cost
615
615
615
615
Free-cash
915
890
489
489

Estimated living cost  is $615 per week

$468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$949
$985
$1364
$1121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
322
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
-
-
-
394
Employee
495
-
2 100
-
income
54
-
537
-
social contributions
50
-
50
-
total
104
-
587
-
Employer
495
-
2 100
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 605
2 150
-
-
income
562
752
-
-
total
562
752
-
-
Dividends
1 043
1 398
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 150
2 150
2 150
2 150
Total tax
773
809
637
394
After tax
1 377
1 341
1 513
1 756
Living cost
392
392
392
392
Free-cash
985
949
1 121
1 364

Estimated living cost  is $392 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$979
$1044
$1006
$812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
641
pensions
-
-
-
102
total
-
-
-
743
Employee
550
-
1 876
-
health
7
-
26
-
income
100
-
512
-
pensions
42
-
124
-
total
149
-
662
-
Employer
550
-
1 876
-
pensions
56
-
239
-
health
10
-
36
-
total
66
-
275
-
Corporate
1 534
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.

291
409
-
-
total
291
409
-
-
Dividends
1 243
1 741
-
-
withholding
199
361
-
-
total
199
361
-
-
Income
2 150
2 150
2 150
2 150
Total tax
705
770
937
743
After tax
1 445
1 380
1 213
1 407
Living cost
401
401
401
401
Free-cash
1 044
979
812
1 006

Estimated living cost  is $401 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$83
$134
$1212
$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
-
-
-
3
income
-
-
-
606
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
681
Employee
404
-
1 951
-
health
46
-
223
-
income
55
-
469
-
pensions
45
-
82
-
total
146
-
774
-
Employer
404
-
1 951
-
accident
7
-
33
-
unemployment
10
-
48
-
pensions
66
-
119
-
total
83
-
200
-
Corporate
1 664
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.

1 498
1 935
-
-
total
1 498
1 935
-
-
Dividends
166
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 759
1 976
974
681
After tax
391
174
1 176
1 469
Living cost
257
257
257
257
Free-cash
134
-83
919
1 212

Estimated living cost  is $257 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1499
$1613
$1170
$1409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
358
pensions
-
-
-
318
unemployment
-
-
-
21
total
-
-
-
834
Employee

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

233
-
2 150
-
work injury
1
-
4
-
income
23
-
358
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
595
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 917
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
215
-
-
total
19
215
-
-
Dividends
1 898
1 935
-
-
withholding
285
290
-
-
total
285
290
-
-
Income
2 150
2 150
2 150
2 150
Total tax
391
505
595
834
After tax
1 759
1 645
1 555
1 316
Living cost
146
146
146
146
Free-cash
1 613
1 499
1 409
1 170

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$702
$652
$564
$473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14
regional
-
-
-
50
national
-
-
-
552
social contributions
-
-
-
540
total
-
-
-
1 156
Employee
910
-
2 150
-
social contributions
307
-
708
-
regional
14
-
44
-
municipal
5
-
13
-
national
154
-
482
-
total
480
-
1 247
-
Employer
910
-
2 150
-
total
-
-
-
-
Corporate
1 240
2 150
-
-
nationa
298
516
-
-
municipal
60
104
-
-
total
358
620
-
-
Dividends
883
1 530
-
-
withholding
230
398
-
-
total
230
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 068
1 018
1 247
1 156
After tax
1 082
1 132
903
994
Living cost
430
430
430
430
Free-cash
652
702
473
564

Estimated living cost  is $430 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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