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
$ 2250
per

Your estimated
City
free-cash

Dresden , Germany
$1061
$781
$792
$909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
health

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

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

-
-
-
80
income

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

-
-
-
716
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.

-
-
-
39
trade
-
-
-
269
total
-
-
-
1 104
Employee

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

448
-
2 250
-
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
-
39
-
income

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

13
-
716
-
health

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

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

80
-
80
-
total
94
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 802
2 250
-
-
chamber of commerce
4
5
-
-
surtax

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

15
19
-
-
trade
284
354
-
-
income
270
337
-
-
total
573
715
-
-
Dividends
1 229
1 535
-
-
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.

17
21
-
-
withholding
303
379
-
-
total
320
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
987
1 115
835
1 104
After tax
1 263
1 135
1 415
1 146
Living cost
354
354
354
354
Free-cash
909
781
1 061
792

Estimated living cost  is $354 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$712
$788
$701
$778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
24
pensions
-
-
-
270
national
-
-
-
392
municipal
-
-
-
247
total
-
-
-
933
Employee
955
-
1 945
-
municipal
118
-
256
-
national
183
-
411
-
pensions
38
-
78
-
total
339
-
745
-
Employer
955
-
1 945
-
pensions
76
-
156
-
social contributions
10
-
21
-
total
86
-
177
-
Corporate
1 145
2 250
-
-
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%.

229
450
-
-
total
229
450
-
-
Dividends
916
1 800
-
-
withholding
202
396
-
-
total
202
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
856
846
922
933
After tax
1 394
1 404
1 328
1 317
Living cost
616
616
616
616
Free-cash
778
788
712
701

Estimated living cost  is $616 per week

$419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$715
$1557
$550
$1461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
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.

-
-
-
448
income
-
-
-
435
surtax
-
-
-
574
microenterprise
-
-
-
-
total
-
-
-
1 457
Employee
342
-
1 724
-
surtax
-
-
250
-
social contributions

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

38
-
153
-
income
61
-
363
-
total
99
-
766
-
Employer
342
-
1 724
-
surtax
-
-
190
-
social contributions

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

82
-
336
-
total
82
-
526
-
Corporate
1 826
2 250
-
-
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%.

365
450
-
-
total
365
450
-
-
Dividends

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

1 461
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
546
450
1 292
1 457
After tax
1 704
1 800
958
793
Living cost
243
243
243
243
Free-cash
1 461
1 557
715
550

Estimated living cost  is $243 per week

$155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$937
$627
$739
$554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
144
income
-
-
-
740
pensions
-
-
-
137
total
-
-
-
1 021
Employee
999
999
2 033
-
income

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

164
164
325
-
pensions
180
137
137
-
health
153
130
144
-
total
497
431
606
-
Employer
999
999
2 033
-
unemployment
36
36
45
-
health
69
69
86
-
pensions
70
70
86
-
total
175
175
217
-
Corporate
1 088
1 076
-
-
income
218
215
-
-
total
218
215
-
-
Dividends
870
861
-
-
income
185
183
-
-
withholding
131
129
-
-
total
316
312
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 206
1 133
823
1 021
After tax
1 044
1 117
1 427
1 229
Living cost
490
490
490
490
Free-cash
554
627
937
739

Estimated living cost  is $490 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$655
$748
$666
$736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
123
health
-
-
-
66
accident
-
-
-
2
pensions
-
-
-
114
national
-
-
-
217
unemployment
-
-
-
1
municipal
-
-
-
580
total
-
-
-
1 103
Employee
686
-
1 919
-
municipal
205
-
572
-
national
-
-
210
-
total
205
-
782
-
Employer
686
-
1 919
-
other
80
-
123
-
unemployment
18
-
28
-
health
42
-
65
-
accident
1
-
2
-
pensions
74
-
114
-
total
215
-
332
-
Corporate
1 349
2 250
-
-
income
297
495
-
-
total
297
495
-
-
Dividends
1 052
1 755
-
-
withholding
316
526
-
-
total
316
526
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 033
1 021
1 114
1 103
After tax
1 217
1 229
1 136
1 147
Living cost
481
481
481
481
Free-cash
736
748
655
666

Estimated living cost  is $481 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$955
$663
$674
$826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
health

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

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

-
-
-
80
income

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

-
-
-
716
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.

-
-
-
39
trade
-
-
-
281
total
-
-
-
1 116
Employee

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

593
-
2 250
-
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
-
39
-
income

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

51
-
716
-
health

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

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

80
-
80
-
total
134
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 657
2 250
-
-
chamber of commerce
4
5
-
-
surtax

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

14
19
-
-
trade
273
370
-
-
income
249
337
-
-
total
540
731
-
-
Dividends
1 118
1 519
-
-
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
21
-
-
withholding
275
375
-
-
total
290
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
964
1 127
835
1 116
After tax
1 286
1 123
1 415
1 134
Living cost
460
460
460
460
Free-cash
826
663
955
674

Estimated living cost  is $460 per week

$307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$1128
$1261
$1149
$1212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
189
health
-
-
-
57
income
-
-
-
475
total
-
-
-
721
Employee
900
900
2 110
-
social contributions
44
75
101
-
income
94
83
465
-
health
9
15
36
-
total
147
173
602
-
Employer
900
900
2 110
-
health
10
17
39
-
social contributions
44
75
101
-
total
54
92
140
-
Corporate
1 670
1 259
-
-
income
209
157
-
-
total
209
157
-
-
Dividends
1 461
1 102
-
-
withholding
248
187
-
-
total
248
187
-
-
Income
2 250
2 250
2 250
2 250
Total tax
658
609
742
721
After tax
1 592
1 641
1 508
1 529
Living cost
380
380
380
380
Free-cash
1 212
1 261
1 128
1 149

Estimated living cost  is $380 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$1090
$1048
$1344
$1054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
157
income
-
-
-
275
pensions
-
-
-
225
unemployment
-
-
-
34
total
-
-
-
691
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.

310
123
1 883
-
income
38
15
230
-
pensions
31
12
188
-
health
22
9
132
-
unemployment
5
2
28
-
total
96
38
578
-
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.

310
123
1 883
-
pensions
60
24
367
-
total
60
24
367
-
Corporate
1 880
2 103
-
-
income
169
189
-
-
total
169
189
-
-
Dividends
1 711
1 913
-
-
social contributions
332
372
-
-
withholding
325
364
-
-
total
657
736
-
-
Income
2 250
2 250
2 250
2 250
Total tax
982
987
945
691
After tax
1 268
1 263
1 305
1 559
Living cost
214
214
214
214
Free-cash
1 054
1 048
1 090
1 344

Estimated living cost  is $214 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1014
$1517
$923
$1445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
292
income
-
-
-
302
pensions
-
-
-
450
total
-
-
-
1 044
Employee
332
-
1 682
-
income
37
-
324
-
pensions
7
-
34
-
unemployment
5
-
27
-
total
49
-
385
-
Employer
332
-
1 682
-
unemployment
3
-
13
-
health
43
-
219
-
pensions
66
-
336
-
total
112
-
568
-
Corporate
1 806
2 250
-
-
income
361
450
-
-
total
361
450
-
-
Dividends
1 445
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
522
450
953
1 044
After tax
1 728
1 800
1 297
1 206
Living cost
283
283
283
283
Free-cash
1 445
1 517
1 014
923

Estimated living cost  is $283 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$971
-$76
$1279
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
631
pensions
-
-
-
49
total
-
-
-
713
Employee
406
-
2 037
-
income
56
-
486
-
pensions
46
-
89
-
health
46
-
233
-
total
148
-
808
-
Employer
406
-
2 037
-
unemployment
10
-
50
-
accident
7
-
34
-
pensions
66
-
129
-
total
83
-
213
-
Corporate
1 762
2 250
-
-
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.

1 586
2 025
-
-
total
1 586
2 025
-
-
Dividends
176
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 850
2 068
1 021
713
After tax
400
182
1 229
1 537
Living cost
258
258
258
258
Free-cash
142
-76
971
1 279

Estimated living cost  is $258 per week

$189
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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1702
$2040
$2130
$2022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 250
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
-
2 250
-
income
24
-
450
-
total
24
-
450
-
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%.

2 128
2 250
-
-
total
-
-
-
-
Dividends
2 128
2 250
-
-
withholding
106
112
-
-
total
106
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
130
112
450
22
After tax
2 120
2 138
1 800
2 228
Living cost
98
98
98
98
Free-cash
2 022
2 040
1 702
2 130

Estimated living cost  is $98 per week

$60
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$963
$1342
$982
$1263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
85
health
-
-
-
78
income
-
-
-
366
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.

-
-
-
427
total
-
-
-
956
Employee
425
-
1 801
-
income
73
-
359
-
pensions

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

30
-
125
-
health
6
-
25
-
unemployment
4
-
18
-
total
113
-
527
-
Employer
425
-
1 801
-
other
21
-
89
-
unemployment
4
-
18
-
health
6
-
25
-
accident
3
-
14
-
pensions

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

72
-
302
-
total
106
-
448
-
Corporate
1 718
2 250
-
-
income
361
472
-
-
total
361
472
-
-
Dividends
1 357
1 778
-
-
withholding
95
124
-
-
total
95
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
675
596
975
956
After tax
1 575
1 654
1 275
1 294
Living cost
312
312
312
312
Free-cash
1 263
1 342
963
982

Estimated living cost  is $312 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Bratislava model

Close
London , United Kingdom
$497
$674
$699
$748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
664
pensions
-
-
-
109
total
-
-
-
773
Employee
1 101
-
1 964
-
income
198
-
529
-
health
18
-
28
-
pensions
106
-
132
-
total
322
-
689
-
Employer
1 101
-
1 964
-
health
21
-
37
-
pensions
130
-
249
-
total
151
-
286
-
Corporate
998
2 250
-
-
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.

190
427
-
-
total
190
427
-
-
Dividends
808
1 823
-
-
withholding
61
371
-
-
total
61
371
-
-
Income
2 250
2 250
2 250
2 250
Total tax
724
798
975
773
After tax
1 526
1 452
1 275
1 477
Living cost
778
778
778
778
Free-cash
748
674
497
699

Estimated living cost  is $778 per week

$583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
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

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
$1743
$1772
$1652
$1719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
47
income
-
-
-
337
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
446
Employee
201
-
2 171
-
income
20
-
217
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
276
-
Employer
201
-
2 171
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
2 009
2 250
-
-
income
201
225
-
-
total
201
225
-
-
Dividends
1 808
2 025
-
-
withholding
90
101
-
-
total
90
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
379
326
355
446
After tax
1 871
1 924
1 895
1 804
Living cost
152
152
152
152
Free-cash
1 719
1 772
1 743
1 652

Estimated living cost  is $152 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$778
$468
$580
$498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
144
income
-
-
-
740
pensions
-
-
-
137
total
-
-
-
1 021
Employee
1 085
999
2 033
-
income

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

164
164
325
-
pensions
137
137
137
-
health
135
130
144
-
total
436
431
606
-
Employer
1 085
999
2 033
-
unemployment
39
36
45
-
health
75
69
86
-
pensions
75
70
86
-
total
189
175
217
-
Corporate
975
1 076
-
-
income
195
215
-
-
total
195
215
-
-
Dividends
780
861
-
-
income
166
183
-
-
withholding
117
129
-
-
total
283
312
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 103
1 133
823
1 021
After tax
1 147
1 117
1 427
1 229
Living cost
649
649
649
649
Free-cash
498
468
778
580

Estimated living cost  is $649 per week

$479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$913
$1262
$1007
$1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
414
health
-
-
-
304
income
-
-
-
230
solidarity contribution
-
-
-
8
total
-
-
-
956
Employee
423
-
1 739
-
social contributions
27
-
92
-
solidarity contribution
-
-
-
-
income
51
-
212
-
health
57
-
235
-
total
135
-
539
-
Employer
423
-
1 739
-
health
38
-
157
-
social contributions
106
-
354
-
total
144
-
511
-
Corporate
1 684
2 250
-
-
income
320
428
-
-
total
320
428
-
-
Dividends
1 364
1 822
-
-
withholding
205
273
-
-
total
205
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
804
701
1 050
956
After tax
1 446
1 549
1 200
1 294
Living cost
287
287
287
287
Free-cash
1 159
1 262
913
1 007

Estimated living cost  is $287 per week

$200
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$468
$706
$570
$645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
579
national
-
-
-
567
regional
-
-
-
27
municipal
-
-
-
13
total
-
-
-
1 186
Employee
1 040
-
2 250
-
social contributions
351
-
759
-
municipal
6
-
12
-
national
180
-
493
-
regional
10
-
24
-
total
547
-
1 288
-
Employer
1 040
-
2 250
-
total
-
-
-
-
Corporate
1 210
2 250
-
-
nationa
290
540
-
-
municipal
47
88
-
-
total
337
628
-
-
Dividends
873
1 622
-
-
withholding
227
422
-
-
total
227
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 111
1 050
1 288
1 186
After tax
1 139
1 200
962
1 064
Living cost
494
494
494
494
Free-cash
645
706
468
570

Estimated living cost  is $494 per week

$344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$733
$1157
$804
$1120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
-
health
-
-
-
111
income
-
-
-
657
pensions
-
-
-
312
surtax
-
-
-
105
unemployment
-
-
-
3
total
-
-
-
1 188
Employee
387
-
1 921
-
surtax
1
-
91
-
income
65
-
587
-
other
-
-
-
-
pensions
26
-
104
-
health
10
-
40
-
unemployment
27
-
109
-
total
129
-
931
-
Employer
387
-
1 921
-
other
-
-
-
-
unemployment
12
-
49
-
health
18
-
71
-
pensions
52
-
208
-
total
82
-
328
-
Corporate
1 782
2 250
-
-
income
463
585
-
-
total
463
585
-
-
Dividends
1 318
1 665
-
-
withholding
198
250
-
-
total
198
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 259
1 188
After tax
1 378
1 415
991
1 062
Living cost
258
258
258
258
Free-cash
1 120
1 157
733
804

Estimated living cost  is $258 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$743
$920
$945
$996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
664
pensions
-
-
-
109
total
-
-
-
773
Employee
738
-
1 964
-
income
133
-
529
-
health
11
-
28
-
pensions
63
-
132
-
total
207
-
689
-
Employer
738
-
1 964
-
health
14
-
37
-
pensions
80
-
249
-
total
94
-
286
-
Corporate
1 418
2 250
-
-
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.

269
427
-
-
total
269
427
-
-
Dividends
1 149
1 823
-
-
withholding
152
371
-
-
total
152
371
-
-
Income
2 250
2 250
2 250
2 250
Total tax
722
798
975
773
After tax
1 528
1 452
1 275
1 477
Living cost
532
532
532
532
Free-cash
996
920
743
945

Estimated living cost  is $532 per week

$398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$770
$87
$872
$490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
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.

-
-
-
45
health
-
-
-
5
pensions
-
-
-
207
city
-
-
-
24
national
-
-
-
41
regional
-
-
-
114
total
-
-
-
436
Employee
1 102
-
2 014
-
national
5
-
30
-
city
12
-
22
-
pensions
93
-
169
-
health
2
-
5
-
regional
36
-
98
-
unemployment
-
-
-
-
total
148
-
324
-
Employer
1 102
-
2 014
-
other

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

22
-
40
-
unemployment
-
-
-
-
health
2
-
5
-
pensions
93
-
169
-
total
117
-
214
-
Corporate
1 019
2 250
-
-
regional
215
476
-
-
national
87
191
-
-
total
302
667
-
-
Dividends
717
1 583
-
-
withholding
251
554
-
-
total
251
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
818
1 221
538
436
After tax
1 432
1 029
1 712
1 814
Living cost
942
942
942
942
Free-cash
490
87
770
872

Estimated living cost  is $942 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$879
$576
$586
$764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
health

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

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

-
-
-
80
income

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

-
-
-
716
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.

-
-
-
39
trade
-
-
-
293
total
-
-
-
1 128
Employee

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

703
-
2 250
-
surtax

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

5
-
39
-
income

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

83
-
716
-
health

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

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

80
-
80
-
total
168
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 547
2 250
-
-
chamber of commerce
4
5
-
-
surtax

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

13
19
-
-
trade
265
386
-
-
income
232
337
-
-
total
514
747
-
-
Dividends
1 033
1 503
-
-
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
254
371
-
-
total
268
391
-
-
Income
2 250
2 250
2 250
2 250
Total tax
950
1 138
835
1 128
After tax
1 300
1 112
1 415
1 122
Living cost
536
536
536
536
Free-cash
764
576
879
586

Estimated living cost  is $536 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$816
$734
$864
$803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
101
income
-
-
-
368
pensions
-
-
-
383
surtax
-
-
-
-
total
-
-
-
986
Employee
501
-
1 733
-
surtax
-
-
-
-
social contributions
14
-
49
-
income
30
-
345
-
pensions
57
-
124
-
total
101
-
518
-
Employer
501
-
1 733
-
other
17
-
69
-
unemployment
20
-
70
-
health
35
-
164
-
pensions
82
-
208
-
social contributions
2
-
5
-
total
156
-
516
-
Corporate
1 593
2 250
-
-
surtax
-
-
-
-
income
446
630
-
-
total
446
630
-
-
Dividends
1 147
1 620
-
-
social contributions
197
279
-
-
surtax
-
-
-
-
withholding
147
207
-
-
total
344
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 047
1 116
1 034
986
After tax
1 203
1 134
1 216
1 264
Living cost
400
400
400
400
Free-cash
803
734
816
864

Estimated living cost  is $400 per week

$252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$855
$773
$903
$839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
101
income
-
-
-
368
pensions
-
-
-
383
surtax
-
-
-
-
total
-
-
-
986
Employee
447
-
1 733
-
surtax
-
-
-
-
social contributions
13
-
49
-
income
23
-
345
-
pensions
51
-
124
-
total
87
-
518
-
Employer
447
-
1 733
-
other
15
-
69
-
unemployment
18
-
70
-
health
31
-
164
-
pensions
73
-
208
-
social contributions
1
-
5
-
total
138
-
516
-
Corporate
1 663
2 250
-
-
surtax
-
-
-
-
income
466
630
-
-
total
466
630
-
-
Dividends
1 198
1 620
-
-
social contributions
206
279
-
-
surtax
-
-
-
-
withholding
153
207
-
-
total
359
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 050
1 116
1 034
986
After tax
1 200
1 134
1 216
1 264
Living cost
361
361
361
361
Free-cash
839
773
855
903

Estimated living cost  is $361 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$1146
$1124
$1198
$1130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
310
health
-
-
-
157
income
-
-
-
337
total
-
-
-
804
Employee
397
-
2 250
-
social contributions
55
-
310
-
income
66
-
389
-
health
28
-
157
-
total
149
-
856
-
Employer
397
-
2 250
-
total
-
-
-
-
Corporate
1 853
2 250
-
-
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%.

93
113
-
-
total
93
113
-
-
Dividends
1 761
2 137
-
-
social contributions
243
295
-
-
withholding
264
321
-
-
health
123
149
-
-
total
630
765
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
878
856
804
After tax
1 378
1 372
1 394
1 446
Living cost
248
248
248
248
Free-cash
1 130
1 124
1 146
1 198

Estimated living cost  is $248 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$180
$830
$743
$811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
105
income
-
-
-
654
chamber of commerce
-
-
-
9
pensions
-
-
-
253
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
1 095
Employee
585
466
1 821
-
income
67
34
536
-
other
6
5
14
-
pensions
60
48
140
-
health
23
18
53
-
unemployment
18
14
41
-
total
174
119
784
-
Employer
585
466
1 821
-
other
28
22
83
-
unemployment
18
14
41
-
health
22
18
52
-
surtax
2
2
2
-
accident
8
6
18
-
pensions
73
59
172
-
payroll
18
14
55
-
chamber of commerce
2
2
7
-
total
171
137
430
-
Corporate
1 495
1 647
1 777
-
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.

374
412
444
-
total
374
412
444
-
Dividends
1 121
1 235
-
-
withholding
308
340
-
-
total
308
340
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 027
1 008
1 658
1 095
After tax
1 223
1 242
592
1 155
Living cost
412
412
412
412
Free-cash
811
830
180
743

Estimated living cost  is $412 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$355
$829
$549
$656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
292
communal

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

-
-
-
118
national
-
-
-
864
total
-
-
-
1 274
Employee

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

837
-
1 743
-
national
257
-
642
-
pensions

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

63
-
131
-
health

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

39
-
82
-
communal

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

44
-
91
-
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
-
15
-
total
410
-
961
-
Employer

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

837
-
1 743
-
unemployment

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

12
-
25
-
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.

51
-
107
-
surtax
95
-
198
-
accident

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

11
-
23
-
pensions

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

74
-
154
-
total
243
-
507
-
Corporate
1 169
2 250
-
-
surtax
5
9
-
-
income
234
453
-
-
total
239
462
-
-
Dividends
931
1 788
-
-
withholding

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

275
532
-
-
total
275
532
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 167
994
1 468
1 274
After tax
1 083
1 256
782
976
Living cost
427
427
427
427
Free-cash
656
829
355
549

Estimated living cost  is $427 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$788
$1075
$837
$994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
664
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
990
Employee
582
-
1 904
-
income
123
-
624
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
160
-
693
-
Employer
582
-
1 904
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
21
-
pensions
137
-
256
-
total
186
-
346
-
Corporate
1 482
2 250
-
-
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.

222
337
-
-
total
222
337
-
-
Dividends
1 260
1 913
-
-
withholding
265
415
-
-
total
265
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
833
752
1 039
990
After tax
1 417
1 498
1 211
1 260
Living cost
423
423
423
423
Free-cash
994
1 075
788
837

Estimated living cost  is $423 per week

$311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$546
$666
$455
$510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
158
accident
-
-
-
19
income
-
-
-
391
pensions
-
-
-
337
communal
-
-
-
142
surtax
-
-
-
112
total
-
-
-
1 159
Employee
886
-
2 010
-
surtax
54
-
123
-
income
86
-
455
-
pensions
71
-
161
-
health
39
-
89
-
total
250
-
828
-
Employer
886
-
2 010
-
health
27
-
61
-
accident
8
-
18
-
pensions
71
-
161
-
total
106
-
240
-
Corporate
1 258
2 250
-
-
surtax
13
24
-
-
income
189
337
-
-
communal
85
152
-
-
total
287
513
-
-
Dividends
971
1 737
-
-
income
315
174
-
-
withholding
146
261
-
-
total
461
435
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 104
948
1 068
1 159
After tax
1 146
1 302
1 182
1 091
Living cost
636
636
636
636
Free-cash
510
666
546
455

Estimated living cost  is $636 per week

$477
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$728
$1152
$799
$1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
-
health
-
-
-
111
income
-
-
-
657
pensions
-
-
-
312
surtax
-
-
-
105
unemployment
-
-
-
3
total
-
-
-
1 188
Employee
394
-
1 921
-
surtax
1
-
91
-
income
66
-
587
-
other
-
-
-
-
pensions
26
-
104
-
health
10
-
40
-
unemployment
27
-
109
-
total
130
-
931
-
Employer
394
-
1 921
-
other
-
-
-
-
unemployment
13
-
49
-
health
18
-
71
-
pensions
53
-
208
-
total
84
-
328
-
Corporate
1 773
2 250
-
-
income
461
585
-
-
total
461
585
-
-
Dividends
1 312
1 665
-
-
withholding
197
250
-
-
total
197
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 259
1 188
After tax
1 378
1 415
991
1 062
Living cost
263
263
263
263
Free-cash
1 115
1 152
728
799

Estimated living cost  is $263 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$641
$867
$742
$841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
579
national
-
-
-
567
regional
-
-
-
34
municipal
-
-
-
13
total
-
-
-
1 193
Employee
649
-
2 250
-
social contributions
219
-
759
-
municipal
3
-
12
-
national
103
-
493
-
regional
9
-
30
-
total
334
-
1 294
-
Employer
649
-
2 250
-
total
-
-
-
-
Corporate
1 601
2 250
-
-
nationa
384
540
-
-
municipal
80
112
-
-
total
464
652
-
-
Dividends
1 137
1 598
-
-
withholding
296
416
-
-
total
296
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 094
1 068
1 294
1 193
After tax
1 156
1 182
956
1 057
Living cost
315
315
315
315
Free-cash
841
867
641
742

Estimated living cost  is $315 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$846
$1195
$940
$1068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
414
health
-
-
-
304
income
-
-
-
230
solidarity contribution
-
-
-
8
total
-
-
-
956
Employee
521
-
1 739
-
social contributions
34
-
92
-
solidarity contribution
-
-
-
-
income
63
-
212
-
health
70
-
235
-
total
167
-
539
-
Employer
521
-
1 739
-
health
47
-
157
-
social contributions
130
-
354
-
total
177
-
511
-
Corporate
1 552
2 250
-
-
income
295
428
-
-
total
295
428
-
-
Dividends
1 257
1 822
-
-
withholding
189
273
-
-
total
189
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
828
701
1 050
956
After tax
1 422
1 549
1 200
1 294
Living cost
354
354
354
354
Free-cash
1 068
1 195
846
940

Estimated living cost  is $354 per week

$263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$219
$871
$784
$867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
105
income
-
-
-
654
chamber of commerce
-
-
-
9
pensions
-
-
-
253
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
1 093
Employee
511
466
1 823
-
income
46
34
537
-
other
5
5
14
-
pensions
52
48
140
-
health
20
18
53
-
unemployment
15
14
41
-
total
138
119
785
-
Employer
511
466
1 823
-
other
24
22
83
-
unemployment
15
14
41
-
health
19
18
52
-
surtax
-
-
-
-
accident
7
6
18
-
pensions
64
59
172
-
payroll
15
14
55
-
chamber of commerce
2
2
7
-
total
146
135
428
-
Corporate
1 591
1 650
1 779
-
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.

398
412
445
-
total
398
412
445
-
Dividends
1 194
1 237
-
-
withholding
328
340
-
-
total
328
340
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 010
1 006
1 658
1 093
After tax
1 240
1 244
592
1 157
Living cost
373
373
373
373
Free-cash
867
871
219
784

Estimated living cost  is $373 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1648
$1986
$2076
$1957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 250
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
190
-
2 250
-
income
38
-
450
-
total
38
-
450
-
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%.

2 060
2 250
-
-
total
-
-
-
-
Dividends
2 060
2 250
-
-
withholding
103
112
-
-
total
103
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
141
112
450
22
After tax
2 109
2 138
1 800
2 228
Living cost
152
152
152
152
Free-cash
1 957
1 986
1 648
2 076

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
$715
$1236
$772
$1138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
health
-
-
-
221
income
-
-
-
529
pensions
-
-
-
411
unemployment
-
-
-
3
total
-
-
-
1 164
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.

517
-
1 947
-
income
89
-
487
-
pensions
80
-
302
-
health
33
-
126
-
unemployment
1
-
3
-
total
203
-
918
-
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.

517
-
1 947
-
unemployment
-
-
1
-
health
34
-
130
-
pensions
46
-
172
-
total
80
-
303
-
Corporate
1 652
2 250
-
-
income
314
427
-
-
total
314
427
-
-
Dividends
1 338
1 823
-
-
withholding
201
273
-
-
total
201
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
798
700
1 221
1 164
After tax
1 452
1 550
1 029
1 086
Living cost
314
314
314
314
Free-cash
1 138
1 236
715
772

Estimated living cost  is $314 per week

$215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$1558
$839
$1024
$254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
257
income
-
-
-
439
total
-
-
-
696
Employee
760
-
-
-
social contributions
62
-
9
-
income
168
-
-
-
total
230
-
9
-
Employer
760
-
-
-
social contributions
1 072
-
153
-
total
1 072
-
153
-
Corporate
418
2 250
-
-
income
92
495
-
-
total
92
495
-
-
Dividends
326
1 755
-
-
income
72
386
-
-
total
72
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 466
881
162
696
After tax
784
1 369
2 088
1 554
Living cost
530
530
530
530
Free-cash
254
839
1 558
1 024

Estimated living cost  is $530 per week

$344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$655
$913
$826
$901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 250
social contributions

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

-
-
-
782
income
-
-
-
275
surtax
-
-
-
-
total
-
-
-
1 057
Employee
538
-
1 818
-
surtax
-
-
-
-
social contributions
59
-
200
-
income
112
-
596
-
total
171
-
796
-
Employer
538
-
1 818
-
social contributions
128
-
432
-
total
128
-
432
-
Corporate
1 584
2 250
-
-
surtax
-
-
-
-
income
333
472
-
-
total
333
472
-
-
Dividends
1 251
1 778
-
-
withholding
350
498
-
-
total
350
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
982
970
1 228
1 057
After tax
1 268
1 280
1 022
1 193
Living cost
367
367
367
367
Free-cash
901
913
655
826

Estimated living cost  is $367 per week

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

Source of data for Lisbon model

Close
Paris , France
$651
$569
$699
$649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
101
income
-
-
-
368
pensions
-
-
-
383
surtax
-
-
-
-
total
-
-
-
986
Employee
733
-
1 733
-
surtax
-
-
-
-
social contributions
21
-
49
-
income
64
-
345
-
pensions
83
-
124
-
total
168
-
518
-
Employer
733
-
1 733
-
other
25
-
69
-
unemployment
30
-
70
-
health
51
-
164
-
pensions
120
-
208
-
social contributions
2
-
5
-
total
228
-
516
-
Corporate
1 288
2 250
-
-
surtax
-
-
-
-
income
361
630
-
-
total
361
630
-
-
Dividends
928
1 620
-
-
social contributions
160
279
-
-
surtax
-
-
-
-
withholding
119
207
-
-
total
279
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 036
1 116
1 034
986
After tax
1 214
1 134
1 216
1 264
Living cost
565
565
565
565
Free-cash
649
569
651
699

Estimated living cost  is $565 per week

$382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1358
$1673
$1299
$1634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
104
social contributions
-
-
-
495
total
-
-
-
599
Employee
376
-
1 948
-
income
-
-
111
-
social contributions
24
-
127
-
total
24
-
238
-
Employer
376
-
1 948
-
social contributions
58
-
302
-
total
58
-
302
-
Corporate
1 816
2 250
-
-
income
182
225
-
-
total
182
225
-
-
Dividends
1 634
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
264
225
540
599
After tax
1 986
2 025
1 710
1 651
Living cost
352
352
352
352
Free-cash
1 634
1 673
1 358
1 299

Estimated living cost  is $352 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$287
-$287
$754
-$287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
labour market
-
-
-
179
pensions
-
-
-
10
national
-
-
-
271
municipal
-
-
-
475
total
-
-
-
935
Employee
2 367
2 367
2 367
-
labour market
189
189
189
-
municipal
504
504
504
-
national
289
289
289
-
pensions
3
3
3
-
total
985
985
985
-
Employer
2 367
2 367
2 367
-
national
290
290
290
-
labour market
189
189
189
-
pensions
7
7
7
-
municipal
505
505
505
-
total
991
991
991
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 976
1 976
1 976
935
After tax
274
274
274
1 315
Living cost
561
561
561
561
Free-cash
-287
-287
-287
754

Estimated living cost  is $561 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$975
-$72
$1283
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
631
pensions
-
-
-
49
total
-
-
-
713
Employee
400
-
2 037
-
income
55
-
486
-
pensions
45
-
89
-
health
46
-
233
-
total
146
-
808
-
Employer
400
-
2 037
-
unemployment
10
-
50
-
accident
7
-
34
-
pensions
65
-
129
-
total
82
-
213
-
Corporate
1 769
2 250
-
-
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.

1 592
2 025
-
-
total
1 592
2 025
-
-
Dividends
177
225
-
-
withholding
34
43
-
-
total
34
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 854
2 068
1 021
713
After tax
396
182
1 229
1 537
Living cost
254
254
254
254
Free-cash
142
-72
975
1 283

Estimated living cost  is $254 per week

$185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$718
$949
$974
$981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
health
-
-
-
30
national
-
-
-
397
municipal
-
-
-
400
total
-
-
-
827
Employee
616
-
1 893
-
municipal
101
-
308
-
national
10
-
238
-
pensions
42
-
128
-
health
5
-
24
-
unemployment
9
-
28
-
total
167
-
726
-
Employer
616
-
1 893
-
unemployment
4
-
12
-
health
5
-
15
-
accident
1
-
2
-
pensions
107
-
328
-
total
117
-
357
-
Corporate
1 518
2 250
-
-
income
304
450
-
-
total
304
450
-
-
Dividends

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

911
1 350
-
-
national
68
159
-
-
municipal
164
243
-
-
total
232
402
-
-
Income
2 250
2 250
2 250
2 250
Total tax
820
852
1 083
827
After tax
1 430
1 398
1 167
1 423
Living cost
449
449
449
449
Free-cash
981
949
718
974

Estimated living cost  is $449 per week

$293
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1237
$1370
$1258
$1305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
189
health
-
-
-
57
income
-
-
-
475
total
-
-
-
721
Employee
900
900
2 110
-
social contributions
34
75
101
-
income
98
83
465
-
health
7
15
36
-
total
139
173
602
-
Employer
900
900
2 110
-
health
8
17
39
-
social contributions
34
75
101
-
total
42
92
140
-
Corporate
1 799
1 259
-
-
income
225
157
-
-
total
225
157
-
-
Dividends
1 574
1 102
-
-
withholding
268
187
-
-
total
268
187
-
-
Income
2 250
2 250
2 250
2 250
Total tax
674
609
742
721
After tax
1 576
1 641
1 508
1 529
Living cost
271
271
271
271
Free-cash
1 305
1 370
1 237
1 258

Estimated living cost  is $271 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1481
$1678
$1718
$1618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 250
health
-
-
-
42
income
-
-
-
230
pensions
-
-
-
74
unemployment
-
-
-
-
total
-
-
-
346
Employee

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

269
-
2 136
-
income
18
-
201
-
pensions
40
-
167
-
health
23
-
94
-
unemployment
1
-
6
-
total
82
-
468
-
Employer

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

269
-
2 136
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
61
-
total
28
-
115
-
Corporate
1 954
2 250
-
-
income
176
202
-
-
total
176
202
-
-
Dividends
1 778
2 048
-
-
withholding
160
184
-
-
total
160
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
446
386
583
346
After tax
1 804
1 864
1 667
1 904
Living cost
186
186
186
186
Free-cash
1 618
1 678
1 481
1 718

Estimated living cost  is $186 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$889
$1176
$938
$1125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
664
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
990
Employee
433
-
1 904
-
income
83
-
624
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
110
-
693
-
Employer
433
-
1 904
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
21
-
pensions
102
-
256
-
total
138
-
346
-
Corporate
1 679
2 250
-
-
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.

252
337
-
-
total
252
337
-
-
Dividends
1 428
1 913
-
-
withholding
303
415
-
-
total
303
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
803
752
1 039
990
After tax
1 447
1 498
1 211
1 260
Living cost
322
322
322
322
Free-cash
1 125
1 176
889
938

Estimated living cost  is $322 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1425
$1382
$1428
$1378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
11
income
-
-
-
773
pensions
-
-
-
16
total
-
-
-
800
Employee
33
-
2 232
-
income
6
-
772
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
784
-
Employer
33
-
2 232
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
2 210
2 250
-
-
income
486
495
-
-
total
486
495
-
-
Dividends
1 723
1 755
-
-
withholding
345
351
-
-
total
345
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
850
846
803
800
After tax
1 400
1 404
1 447
1 450
Living cost
22
22
22
22
Free-cash
1 378
1 382
1 425
1 428

Estimated living cost  is $22 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$1209
$1423
$1208
$1365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 250
health
-
-
-
89
income
-
-
-
514
pensions
-
-
-
224
unemployment
-
-
-
13
total
-
-
-
840
Employee

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

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

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

305
-
2 096
-
income
42
-
514
-
pensions
43
-
121
-
health
16
-
44
-
unemployment
2
-
6
-
total
103
-
685
-
Employer

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

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

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

305
-
2 096
-
unemployment
2
-
6
-
health
16
-
44
-
pensions
37
-
104
-
total
55
-
154
-
Corporate
1 891
2 250
-
-
income
284
338
-
-
total
284
338
-
-
Dividends
1 607
1 912
-
-
withholding
241
287
-
-
total
241
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
683
625
839
840
After tax
1 567
1 625
1 411
1 410
Living cost
202
202
202
202
Free-cash
1 365
1 423
1 209
1 208

Estimated living cost  is $202 per week

$136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$707
$965
$878
$961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
social contributions

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

-
-
-
782
income
-
-
-
275
surtax
-
-
-
-
total
-
-
-
1 057
Employee
454
-
1 818
-
surtax
-
-
-
-
social contributions
50
-
200
-
income
89
-
596
-
total
139
-
796
-
Employer
454
-
1 818
-
social contributions
108
-
432
-
total
108
-
432
-
Corporate
1 688
2 250
-
-
surtax
-
-
-
-
income
354
472
-
-
total
354
472
-
-
Dividends
1 334
1 778
-
-
withholding
373
498
-
-
total
373
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
974
970
1 228
1 057
After tax
1 276
1 280
1 022
1 193
Living cost
315
315
315
315
Free-cash
961
965
707
878

Estimated living cost  is $315 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$800
$1087
$849
$1009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
664
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
990
Employee
565
-
1 904
-
income
118
-
624
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
155
-
693
-
Employer
565
-
1 904
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
21
-
pensions
133
-
256
-
total
180
-
346
-
Corporate
1 505
2 250
-
-
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.

226
337
-
-
total
226
337
-
-
Dividends
1 279
1 913
-
-
withholding
269
415
-
-
total
269
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
830
752
1 039
990
After tax
1 420
1 498
1 211
1 260
Living cost
411
411
411
411
Free-cash
1 009
1 087
800
849

Estimated living cost  is $411 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1696
$1725
$1605
$1655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
health
-
-
-
47
income
-
-
-
337
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
446
Employee
264
-
2 171
-
income
26
-
217
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
276
-
Employer
264
-
2 171
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 934
2 250
-
-
income
193
225
-
-
total
193
225
-
-
Dividends
1 741
2 025
-
-
withholding
87
101
-
-
total
87
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
396
326
355
446
After tax
1 854
1 924
1 895
1 804
Living cost
199
199
199
199
Free-cash
1 655
1 725
1 696
1 605

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$963
$706
$718
$858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
health

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

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

-
-
-
80
income

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

-
-
-
716
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.

-
-
-
39
trade
-
-
-
245
total
-
-
-
1 080
Employee

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

582
-
2 250
-
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
-
39
-
income

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

48
-
716
-
health

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

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

80
-
80
-
total
131
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 668
2 250
-
-
chamber of commerce
4
5
-
-
surtax

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

14
19
-
-
trade
239
323
-
-
income
250
337
-
-
total
507
684
-
-
Dividends
1 160
1 566
-
-
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
21
-
-
withholding
286
387
-
-
total
302
408
-
-
Income
2 250
2 250
2 250
2 250
Total tax
940
1 092
835
1 080
After tax
1 310
1 158
1 415
1 170
Living cost
452
452
452
452
Free-cash
858
706
963
718

Estimated living cost  is $452 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$496
$908
$496
$934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
707
social contributions
-
-
-
380
total
-
-
-
1 087
Employee
915
-
2 250
-
income
173
-
707
-
social contributions
76
-
380
-
total
249
-
1 087
-
Employer
915
-
2 250
-
total
-
-
-
-
Corporate
1 335
2 250
-
-
income
167
281
-
-
total
167
281
-
-
Dividends
1 168
1 969
-
-
withholding
234
394
-
-
total
234
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
650
675
1 087
1 087
After tax
1 600
1 575
1 163
1 163
Living cost
666
666
666
666
Free-cash
934
908
496
496

Estimated living cost  is $666 per week

$507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$1163
$975
$1416
$1016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
income
-
-
-
337
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
-
-
-
409
Employee
537
-
2 196
-
income
58
-
554
-
social contributions
54
-
54
-
total
112
-
608
-
Employer
537
-
2 196
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 659
2 250
-
-
income
581
788
-
-
total
581
788
-
-
Dividends
1 079
1 462
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
2 250
2 250
2 250
2 250
Total tax
809
850
662
409
After tax
1 441
1 400
1 588
1 841
Living cost
425
425
425
425
Free-cash
1 016
975
1 163
1 416

Estimated living cost  is $425 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$843
$1020
$1045
$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
-
-
-
2 250
income
-
-
-
664
pensions
-
-
-
109
total
-
-
-
773
Employee
593
-
1 964
-
income
108
-
529
-
health
8
-
28
-
pensions
45
-
132
-
total
161
-
689
-
Employer
593
-
1 964
-
health
11
-
37
-
pensions
60
-
249
-
total
71
-
286
-
Corporate
1 586
2 250
-
-
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.

301
427
-
-
total
301
427
-
-
Dividends
1 284
1 823
-
-
withholding
196
371
-
-
total
196
371
-
-
Income
2 250
2 250
2 250
2 250
Total tax
729
798
975
773
After tax
1 521
1 452
1 275
1 477
Living cost
432
432
432
432
Free-cash
1 089
1 020
843
1 045

Estimated living cost  is $432 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$950
-$97
$1258
$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
631
pensions
-
-
-
49
total
-
-
-
713
Employee
439
-
2 037
-
income
60
-
486
-
pensions
49
-
89
-
health
50
-
233
-
total
159
-
808
-
Employer
439
-
2 037
-
unemployment
11
-
50
-
accident
7
-
34
-
pensions
71
-
129
-
total
89
-
213
-
Corporate
1 721
2 250
-
-
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.

1 549
2 025
-
-
total
1 549
2 025
-
-
Dividends
172
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 830
2 068
1 021
713
After tax
420
182
1 229
1 537
Living cost
279
279
279
279
Free-cash
141
-97
950
1 258

Estimated living cost  is $279 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1461
$1563
$1205
$1681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 250
income
-
-
-
374
health insurance
-
-
-
138
work injury
-
-
-
9
pensions
-
-
-
344
unemployment
-
-
-
22
total
-
-
-
887
Employee

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

252
-
2 250
-
income
25
-
374
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
46
-
172
-
unemployment
3
-
11
-
total
94
-
631
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 998
2 250
-
-
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%.

20
225
-
-
total
20
225
-
-
Dividends
1 978
2 025
-
-
withholding
297
304
-
-
total
297
304
-
-
Income
2 250
2 250
2 250
2 250
Total tax
411
529
631
887
After tax
1 839
1 721
1 619
1 363
Living cost
158
158
158
158
Free-cash
1 681
1 563
1 461
1 205

Estimated living cost  is $158 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$473
$720
$571
$666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
579
national
-
-
-
567
regional
-
-
-
52
municipal
-
-
-
15
total
-
-
-
1 213
Employee
986
-
2 250
-
social contributions
332
-
759
-
municipal
6
-
13
-
national
167
-
493
-
regional
15
-
46
-
total
520
-
1 311
-
Employer
986
-
2 250
-
total
-
-
-
-
Corporate
1 264
2 250
-
-
nationa
303
540
-
-
municipal
61
108
-
-
total
364
648
-
-
Dividends
900
1 602
-
-
withholding
234
416
-
-
total
234
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 118
1 064
1 311
1 213
After tax
1 132
1 186
939
1 037
Living cost
466
466
466
466
Free-cash
666
720
473
571

Estimated living cost  is $466 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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