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
$790
$778
$907
$1058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
trade
-
-
-
268
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.

-
-
-
81
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
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.

-
-
-
715
total
-
-
-
1 103
Employee

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

451
-
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
-
715
-
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.

81
-
81
-
total
95
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 799
2 250
-
-
trade
283
354
-
-
income
270
337
-
-
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
-
-
total
572
715
-
-
Dividends
1 227
1 535
-
-
withholding
302
379
-
-
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
-
-
total
319
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
986
1 115
835
1 103
After tax
1 264
1 135
1 415
1 147
Living cost
357
357
357
357
Free-cash
907
778
1 058
790

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$695
$779
$766
$706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
247
pensions
-
-
-
270
social contributions
-
-
-
24
national
-
-
-
389
total
-
-
-
930
Employee
970
-
1 945
-
municipal
120
-
256
-
national
186
-
408
-
pensions
39
-
78
-
total
345
-
742
-
Employer
970
-
1 945
-
pensions
78
-
156
-
social contributions
10
-
21
-
total
88
-
177
-
Corporate
1 128
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%.

226
450
-
-
total
226
450
-
-
Dividends
903
1 800
-
-
withholding
199
396
-
-
total
199
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
858
846
919
930
After tax
1 392
1 404
1 331
1 320
Living cost
626
626
626
626
Free-cash
766
779
706
695

Estimated living cost  is $626 per week

$425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$546
$1555
$1459
$711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
574
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.

-
-
-
452
income
-
-
-
433
microenterprise
-
-
-
-
total
-
-
-
1 459
Employee
345
-
1 722
-
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
-
155
-
surtax
-
-
250
-
income
61
-
361
-
total
99
-
766
-
Employer
345
-
1 722
-
surtax
-
-
189
-
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.

83
-
339
-
total
83
-
528
-
Corporate
1 822
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%.

364
450
-
-
total
364
450
-
-
Dividends

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

1 458
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
546
450
1 294
1 459
After tax
1 704
1 800
956
791
Living cost
245
245
245
245
Free-cash
1 459
1 555
711
546

Estimated living cost  is $245 per week

$157
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$737
$624
$551
$931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
736
total
-
-
-
1 019
Employee
1 007
1 007
2 031
-
pensions
181
138
138
-
income

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

165
165
323
-
health
155
131
145
-
total
501
434
606
-
Employer
1 007
1 007
2 031
-
pensions
70
70
87
-
unemployment
36
36
45
-
health
70
70
87
-
total
176
176
219
-
Corporate
1 079
1 066
-
-
income
216
213
-
-
total
216
213
-
-
Dividends
863
853
-
-
withholding
129
128
-
-
income
183
181
-
-
total
312
309
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 205
1 132
825
1 019
After tax
1 045
1 118
1 425
1 231
Living cost
494
494
494
494
Free-cash
551
624
931
737

Estimated living cost  is $494 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$663
$743
$731
$651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
579
pensions
-
-
-
115
health
-
-
-
67
other
-
-
-
124
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
213
total
-
-
-
1 101
Employee
693
-
1 915
-
municipal
207
-
571
-
national
-
-
207
-
total
207
-
778
-
Employer
693
-
1 915
-
pensions
75
-
115
-
other
81
-
124
-
unemployment
18
-
28
-
accident
1
-
2
-
health
43
-
66
-
total
218
-
335
-
Corporate
1 339
2 250
-
-
income
295
495
-
-
total
295
495
-
-
Dividends
1 045
1 755
-
-
withholding
313
526
-
-
total
313
526
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 033
1 021
1 113
1 101
After tax
1 217
1 229
1 137
1 149
Living cost
486
486
486
486
Free-cash
731
743
651
663

Estimated living cost  is $486 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$672
$660
$825
$952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
280
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.

-
-
-
81
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
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.

-
-
-
715
total
-
-
-
1 115
Employee

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

598
-
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
-
715
-
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.

81
-
81
-
total
135
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 652
2 250
-
-
trade
272
370
-
-
income
248
337
-
-
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
-
-
total
538
731
-
-
Dividends
1 115
1 519
-
-
withholding
274
375
-
-
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
-
-
total
289
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
962
1 127
835
1 115
After tax
1 288
1 123
1 415
1 135
Living cost
463
463
463
463
Free-cash
825
660
952
672

Estimated living cost  is $463 per week

$310
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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1146
$1259
$1209
$1126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57
social contributions
-
-
-
191
income
-
-
-
473
total
-
-
-
721
Employee
907
907
2 109
-
social contributions
44
75
102
-
income
95
84
462
-
health
9
15
36
-
total
148
174
600
-
Employer
907
907
2 109
-
social contributions
44
75
102
-
health
10
17
39
-
total
54
92
141
-
Corporate
1 665
1 251
-
-
income
208
156
-
-
total
208
156
-
-
Dividends
1 457
1 095
-
-
withholding
248
186
-
-
total
248
186
-
-
Income
2 250
2 250
2 250
2 250
Total tax
658
608
741
721
After tax
1 592
1 642
1 509
1 529
Living cost
383
383
383
383
Free-cash
1 209
1 259
1 126
1 146

Estimated living cost  is $383 per week

$262
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$1341
$1048
$1052
$1088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
225
health
-
-
-
158
unemployment
-
-
-
34
income
-
-
-
275
total
-
-
-
692
Employee

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

The minimum wage is 138,000 HUF per month.

313
125
1 883
-
pensions
31
12
188
-
unemployment
5
2
28
-
income
38
15
230
-
health
22
9
132
-
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.

313
125
1 883
-
pensions
61
24
367
-
total
61
24
367
-
Corporate
1 876
2 101
-
-
income
169
189
-
-
total
169
189
-
-
Dividends
1 707
1 912
-
-
withholding
324
363
-
-
social contributions
331
371
-
-
total
655
734
-
-
Income
2 250
2 250
2 250
2 250
Total tax
981
985
945
692
After tax
1 269
1 265
1 305
1 558
Living cost
217
217
217
217
Free-cash
1 052
1 048
1 088
1 341

Estimated living cost  is $217 per week

$148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$921
$1515
$1442
$1012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
450
health
-
-
-
293
income
-
-
-
301
total
-
-
-
1 044
Employee
335
-
1 682
-
pensions
7
-
34
-
unemployment
5
-
27
-
income
38
-
324
-
total
50
-
385
-
Employer
335
-
1 682
-
pensions
67
-
336
-
unemployment
3
-
13
-
health
43
-
219
-
total
113
-
568
-
Corporate
1 802
2 250
-
-
income
360
450
-
-
total
360
450
-
-
Dividends
1 442
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
523
450
953
1 044
After tax
1 727
1 800
1 297
1 206
Living cost
285
285
285
285
Free-cash
1 442
1 515
1 012
921

Estimated living cost  is $285 per week

$195
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$1274
-$82
$141
$962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
629
total
-
-
-
712
Employee
415
-
2 034
-
pensions
47
-
92
-
income
57
-
483
-
health
48
-
233
-
total
152
-
808
-
Employer
415
-
2 034
-
pensions
68
-
132
-
unemployment
10
-
50
-
accident
7
-
34
-
total
85
-
216
-
Corporate
1 750
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.

1 575
2 025
-
-
total
1 575
2 025
-
-
Dividends
175
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 845
2 068
1 024
712
After tax
405
182
1 226
1 538
Living cost
264
264
264
264
Free-cash
141
-82
962
1 274

Estimated living cost  is $264 per week

$193
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.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$2131
$2041
$2024
$1704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23
total
-
-
-
23
Employee
120
-
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%.

2 130
2 250
-
-
total
-
-
-
-
Dividends
2 130
2 250
-
-
withholding
106
113
-
-
total
106
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
130
113
450
23
After tax
2 120
2 137
1 800
2 227
Living cost
96
96
96
96
Free-cash
2 024
2 041
1 704
2 131

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$978
$1340
$1260
$958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
430
health
-
-
-
79
other
-
-
-
85
income
-
-
-
364
total
-
-
-
958
Employee
428
-
1 798
-
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
-
126
-
unemployment
4
-
18
-
income
74
-
357
-
health
6
-
25
-
total
114
-
526
-
Employer
428
-
1 798
-
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.

73
-
305
-
other
21
-
90
-
unemployment
4
-
18
-
accident
3
-
14
-
health
6
-
25
-
total
107
-
452
-
Corporate
1 714
2 250
-
-
income
360
472
-
-
total
360
472
-
-
Dividends
1 354
1 778
-
-
withholding
95
124
-
-
total
95
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
676
596
978
958
After tax
1 574
1 654
1 272
1 292
Living cost
314
314
314
314
Free-cash
1 260
1 340
958
978

Estimated living cost  is $314 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$698
$673
$747
$496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
109
income
-
-
-
664
total
-
-
-
773
Employee
1 102
-
1 964
-
pensions
106
-
132
-
income
199
-
529
-
health
18
-
28
-
total
323
-
689
-
Employer
1 102
-
1 964
-
pensions
130
-
249
-
health
21
-
37
-
total
151
-
286
-
Corporate
996
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.

189
427
-
-
total
189
427
-
-
Dividends
807
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
779
779
779
779
Free-cash
747
673
496
698

Estimated living cost  is $779 per week

$584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1647
$1769
$1716
$1738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
338
total
-
-
-
448
Employee
205
-
2 169
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
217
-
health
9
-
19
-
total
49
-
277
-
Employer
205
-
2 169
-
pensions

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

23
-
45
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
total
40
-
80
-
Corporate
2 005
2 250
-
-
income
200
225
-
-
total
200
225
-
-
Dividends
1 804
2 025
-
-
withholding
90
101
-
-
total
90
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
379
326
357
448
After tax
1 871
1 924
1 893
1 802
Living cost
155
155
155
155
Free-cash
1 716
1 769
1 738
1 647

Estimated living cost  is $155 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$577
$464
$493
$771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
736
total
-
-
-
1 019
Employee
1 093
1 007
2 031
-
pensions
138
138
138
-
income

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

165
165
323
-
health
136
131
145
-
total
439
434
606
-
Employer
1 093
1 007
2 031
-
pensions
76
70
87
-
unemployment
39
36
45
-
health
76
70
87
-
total
191
176
219
-
Corporate
965
1 066
-
-
income
193
213
-
-
total
193
213
-
-
Dividends
772
853
-
-
withholding
116
128
-
-
income
164
181
-
-
total
280
309
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 103
1 132
825
1 019
After tax
1 147
1 118
1 425
1 231
Living cost
654
654
654
654
Free-cash
493
464
771
577

Estimated living cost  is $654 per week

$482
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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$996
$1257
$1151
$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
-
-
-
2 250
health
-
-
-
304
social contributions
-
-
-
422
solidarity contribution
-
-
-
6
income
-
-
-
229
total
-
-
-
961
Employee
431
-
1 733
-
social contributions
28
-
94
-
income
52
-
211
-
solidarity contribution
-
-
-
-
health
58
-
234
-
total
138
-
539
-
Employer
431
-
1 733
-
social contributions
108
-
361
-
health
39
-
156
-
total
147
-
517
-
Corporate
1 672
2 250
-
-
income
318
427
-
-
total
318
427
-
-
Dividends
1 355
1 823
-
-
withholding
203
273
-
-
total
203
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
806
700
1 056
961
After tax
1 444
1 550
1 194
1 289
Living cost
293
293
293
293
Free-cash
1 151
1 257
901
996

Estimated living cost  is $293 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$567
$702
$641
$465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13
regional
-
-
-
27
social contributions
-
-
-
579
national
-
-
-
566
total
-
-
-
1 185
Employee
1 048
-
2 250
-
social contributions
353
-
759
-
municipal
6
-
12
-
regional
10
-
24
-
national
182
-
492
-
total
551
-
1 287
-
Employer
1 048
-
2 250
-
total
-
-
-
-
Corporate
1 202
2 250
-
-
nationa
288
540
-
-
municipal
47
88
-
-
total
335
628
-
-
Dividends
866
1 622
-
-
withholding
225
422
-
-
total
225
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 111
1 050
1 287
1 185
After tax
1 139
1 200
963
1 065
Living cost
498
498
498
498
Free-cash
641
702
465
567

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$801
$1155
$1120
$730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
315
health
-
-
-
112
surtax
-
-
-
105
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
654
total
-
-
-
1 189
Employee
390
-
1 919
-
surtax
1
-
90
-
pensions
26
-
105
-
other
-
-
-
-
unemployment
27
-
110
-
income
65
-
583
-
health
10
-
40
-
total
129
-
928
-
Employer
390
-
1 919
-
pensions
52
-
210
-
other
-
-
-
-
unemployment
12
-
50
-
health
18
-
72
-
total
82
-
332
-
Corporate
1 778
2 250
-
-
income
462
585
-
-
total
462
585
-
-
Dividends
1 316
1 665
-
-
withholding
197
250
-
-
total
197
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
870
835
1 260
1 189
After tax
1 380
1 415
990
1 061
Living cost
260
260
260
260
Free-cash
1 120
1 155
730
801

Estimated living cost  is $260 per week

$159
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
$945
$920
$996
$743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
109
income
-
-
-
664
total
-
-
-
773
Employee
739
-
1 964
-
pensions
63
-
132
-
income
133
-
529
-
health
11
-
28
-
total
207
-
689
-
Employer
739
-
1 964
-
pensions
80
-
249
-
health
14
-
37
-
total
94
-
286
-
Corporate
1 417
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
1 148
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

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$872
$88
$492
$771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
regional
-
-
-
114
city
-
-
-
24
pensions
-
-
-
207
health
-
-
-
5
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
national
-
-
-
42
total
-
-
-
437
Employee
1 101
-
2 014
-
regional
36
-
98
-
national
5
-
30
-
pensions
92
-
169
-
unemployment
-
-
-
-
city
12
-
22
-
health
2
-
5
-
total
147
-
324
-
Employer
1 101
-
2 014
-
pensions
92
-
169
-
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
-
total
116
-
214
-
Corporate
1 020
2 250
-
-
regional
216
476
-
-
national
87
191
-
-
total
303
667
-
-
Dividends
718
1 583
-
-
withholding
251
554
-
-
total
251
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
817
1 221
538
437
After tax
1 433
1 029
1 712
1 813
Living cost
941
941
941
941
Free-cash
492
88
771
872

Estimated living cost  is $941 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
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
$583
$572
$762
$875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
292
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.

-
-
-
81
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
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.

-
-
-
715
total
-
-
-
1 127
Employee

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

709
-
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
-
715
-
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.

81
-
81
-
total
169
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 541
2 250
-
-
trade
264
386
-
-
income
231
337
-
-
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
-
-
total
512
747
-
-
Dividends
1 029
1 503
-
-
withholding
253
371
-
-
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
-
-
total
267
391
-
-
Income
2 250
2 250
2 250
2 250
Total tax
948
1 138
835
1 127
After tax
1 302
1 112
1 415
1 123
Living cost
540
540
540
540
Free-cash
762
572
875
583

Estimated living cost  is $540 per week

$395
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
$860
$730
$800
$813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
385
health
-
-
-
101
surtax
-
-
-
-
other
-
-
-
70
social contributions
-
-
-
64
income
-
-
-
366
total
-
-
-
986
Employee
505
-
1 734
-
social contributions
14
-
49
-
surtax
-
-
-
-
pensions
57
-
124
-
income
30
-
344
-
total
101
-
517
-
Employer
505
-
1 734
-
pensions
83
-
208
-
social contributions
2
-
5
-
other
17
-
69
-
unemployment
20
-
70
-
health
35
-
164
-
total
157
-
516
-
Corporate
1 588
2 250
-
-
income
445
630
-
-
surtax
-
-
-
-
total
445
630
-
-
Dividends
1 143
1 620
-
-
withholding
146
207
-
-
surtax
-
-
-
-
social contributions
197
279
-
-
total
343
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 046
1 116
1 033
986
After tax
1 204
1 134
1 217
1 264
Living cost
404
404
404
404
Free-cash
800
730
813
860

Estimated living cost  is $404 per week

$254
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
$900
$770
$836
$853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
pensions
-
-
-
385
health
-
-
-
101
surtax
-
-
-
-
other
-
-
-
70
social contributions
-
-
-
64
income
-
-
-
366
total
-
-
-
986
Employee
451
-
1 734
-
social contributions
13
-
49
-
surtax
-
-
-
-
pensions
51
-
124
-
income
23
-
344
-
total
87
-
517
-
Employer
451
-
1 734
-
pensions
74
-
208
-
social contributions
1
-
5
-
other
16
-
69
-
unemployment
18
-
70
-
health
32
-
164
-
total
141
-
516
-
Corporate
1 659
2 250
-
-
income
464
630
-
-
surtax
-
-
-
-
total
464
630
-
-
Dividends
1 194
1 620
-
-
withholding
153
207
-
-
surtax
-
-
-
-
social contributions
205
279
-
-
total
358
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 050
1 116
1 033
986
After tax
1 200
1 134
1 217
1 264
Living cost
364
364
364
364
Free-cash
836
770
853
900

Estimated living cost  is $364 per week

$211
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.
$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 Marseille model

Close
Vilnius , Lithuania
$1196
$1123
$1127
$1144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
310
income
-
-
-
337
total
-
-
-
804
Employee
400
-
2 250
-
social contributions
55
-
310
-
income
67
-
389
-
health
28
-
157
-
total
150
-
856
-
Employer
400
-
2 250
-
total
-
-
-
-
Corporate
1 850
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
112
-
-
total
93
112
-
-
Dividends
1 758
2 138
-
-
withholding
264
321
-
-
social contributions
243
295
-
-
health
123
149
-
-
total
630
765
-
-
Income
2 250
2 250
2 250
2 250
Total tax
873
877
856
804
After tax
1 377
1 373
1 394
1 446
Living cost
250
250
250
250
Free-cash
1 127
1 123
1 144
1 196

Estimated living cost  is $250 per week

$167
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$740
$827
$809
$178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
255
health
-
-
-
105
surtax
-
-
-
2
unemployment
-
-
-
72
income
-
-
-
651
chamber of commerce
-
-
-
9
total
-
-
-
1 094
Employee
589
470
1 819
-
pensions
60
48
141
-
other
6
5
14
-
unemployment
18
14
41
-
income
67
35
532
-
health
23
18
53
-
total
174
120
781
-
Employer
589
470
1 819
-
payroll
18
14
55
-
chamber of commerce
2
2
7
-
pensions
74
59
173
-
surtax
2
2
2
-
other
28
22
83
-
unemployment
18
14
41
-
accident
8
6
18
-
health
22
18
52
-
total
172
137
431
-
Corporate
1 489
1 642
1 774
-
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.

372
411
444
-
total
372
411
444
-
Dividends
1 116
1 232
-
-
withholding
307
339
-
-
total
307
339
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 025
1 007
1 656
1 094
After tax
1 225
1 243
594
1 156
Living cost
416
416
416
416
Free-cash
809
827
178
740

Estimated living cost  is $416 per week

$277
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$547
$827
$651
$353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
294
communal

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

-
-
-
117
national
-
-
-
862
total
-
-
-
1 273
Employee

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

844
-
1 743
-
national
259
-
641
-
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
-
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
-
communal

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

44
-
91
-
health

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

40
-
82
-
total
413
-
960
-
Employer

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

844
-
1 743
-
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.

75
-
154
-
surtax
96
-
198
-
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
-
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
-
health

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

52
-
107
-
total
246
-
507
-
Corporate
1 161
2 250
-
-
income
232
451
-
-
surtax
5
9
-
-
total
237
460
-
-
Dividends
924
1 790
-
-
withholding

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

273
533
-
-
total
273
533
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 169
993
1 467
1 273
After tax
1 081
1 257
783
977
Living cost
430
430
430
430
Free-cash
651
827
353
547

Estimated living cost  is $430 per week

$277
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.
$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 Brussels model

Close
Barcelona , Spain
$835
$1072
$990
$785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
661
total
-
-
-
989
Employee
587
-
1 901
-
pensions
28
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
124
-
621
-
total
162
-
690
-
Employer
587
-
1 901
-
pensions
139
-
258
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
total
188
-
349
-
Corporate
1 476
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.

221
337
-
-
total
221
337
-
-
Dividends
1 254
1 913
-
-
withholding
263
415
-
-
total
263
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
834
752
1 039
989
After tax
1 416
1 498
1 211
1 261
Living cost
426
426
426
426
Free-cash
990
1 072
785
835

Estimated living cost  is $426 per week

$314
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$452
$662
$507
$542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
337
health
-
-
-
158
surtax
-
-
-
112
accident
-
-
-
19
communal
-
-
-
142
income
-
-
-
389
total
-
-
-
1 157
Employee
893
-
2 010
-
surtax
55
-
123
-
pensions
71
-
161
-
income
86
-
454
-
health
40
-
89
-
total
252
-
827
-
Employer
893
-
2 010
-
pensions
71
-
161
-
accident
8
-
18
-
health
27
-
61
-
total
106
-
240
-
Corporate
1 250
2 250
-
-
communal
84
152
-
-
income
188
337
-
-
surtax
13
24
-
-
total
285
513
-
-
Dividends
965
1 737
-
-
withholding
145
261
-
-
income
314
173
-
-
total
459
434
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 102
947
1 067
1 157
After tax
1 148
1 303
1 183
1 093
Living cost
641
641
641
641
Free-cash
507
662
542
452

Estimated living cost  is $641 per week

$481
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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$796
$1150
$1113
$725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
315
health
-
-
-
112
surtax
-
-
-
105
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
654
total
-
-
-
1 189
Employee
397
-
1 919
-
surtax
1
-
90
-
pensions
26
-
105
-
other
-
-
-
-
unemployment
28
-
110
-
income
67
-
583
-
health
10
-
40
-
total
132
-
928
-
Employer
397
-
1 919
-
pensions
53
-
210
-
other
-
-
-
-
unemployment
13
-
50
-
health
18
-
72
-
total
84
-
332
-
Corporate
1 769
2 250
-
-
income
460
585
-
-
total
460
585
-
-
Dividends
1 309
1 665
-
-
withholding
196
250
-
-
total
196
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 260
1 189
After tax
1 378
1 415
990
1 061
Living cost
265
265
265
265
Free-cash
1 113
1 150
725
796

Estimated living cost  is $265 per week

$160
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.
$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 of data for Athens model

Close
Naples , Italy
$740
$864
$838
$639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13
regional
-
-
-
34
social contributions
-
-
-
579
national
-
-
-
566
total
-
-
-
1 192
Employee
654
-
2 250
-
social contributions
221
-
759
-
municipal
3
-
12
-
regional
9
-
30
-
national
104
-
492
-
total
337
-
1 293
-
Employer
654
-
2 250
-
total
-
-
-
-
Corporate
1 596
2 250
-
-
nationa
383
540
-
-
municipal
79
112
-
-
total
462
652
-
-
Dividends
1 133
1 598
-
-
withholding
295
416
-
-
total
295
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 094
1 068
1 293
1 192
After tax
1 156
1 182
957
1 058
Living cost
318
318
318
318
Free-cash
838
864
639
740

Estimated living cost  is $318 per week

$198
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
$928
$1189
$1058
$833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
304
social contributions
-
-
-
422
solidarity contribution
-
-
-
6
income
-
-
-
229
total
-
-
-
961
Employee
531
-
1 733
-
social contributions
35
-
94
-
income
64
-
211
-
solidarity contribution
-
-
-
-
health
72
-
234
-
total
171
-
539
-
Employer
531
-
1 733
-
social contributions
133
-
361
-
health
48
-
156
-
total
181
-
517
-
Corporate
1 538
2 250
-
-
income
292
427
-
-
total
292
427
-
-
Dividends
1 246
1 823
-
-
withholding
187
273
-
-
total
187
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
831
700
1 056
961
After tax
1 419
1 550
1 194
1 289
Living cost
361
361
361
361
Free-cash
1 058
1 189
833
928

Estimated living cost  is $361 per week

$269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$782
$869
$864
$219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
255
health
-
-
-
105
surtax
-
-
-
-
unemployment
-
-
-
72
income
-
-
-
651
chamber of commerce
-
-
-
9
total
-
-
-
1 092
Employee
516
470
1 821
-
pensions
53
48
141
-
other
5
5
14
-
unemployment
15
14
41
-
income
46
35
533
-
health
20
18
53
-
total
139
120
782
-
Employer
516
470
1 821
-
payroll
15
14
55
-
chamber of commerce
2
2
7
-
pensions
65
59
173
-
surtax
-
-
-
-
other
24
22
83
-
unemployment
15
14
41
-
accident
7
6
18
-
health
19
18
52
-
total
147
135
429
-
Corporate
1 586
1 645
1 776
-
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.

397
411
444
-
total
397
411
444
-
Dividends
1 190
1 234
-
-
withholding
327
339
-
-
total
327
339
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 010
1 005
1 655
1 092
After tax
1 240
1 245
595
1 158
Living cost
376
376
376
376
Free-cash
864
869
219
782

Estimated living cost  is $376 per week

$226
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
$2077
$1987
$1959
$1650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23
total
-
-
-
23
Employee
188
-
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%.

2 062
2 250
-
-
total
-
-
-
-
Dividends
2 062
2 250
-
-
withholding
103
113
-
-
total
103
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
141
113
450
23
After tax
2 109
2 137
1 800
2 227
Living cost
150
150
150
150
Free-cash
1 959
1 987
1 650
2 077

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$772
$1233
$1134
$714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
411
health
-
-
-
221
unemployment
-
-
-
3
income
-
-
-
527
total
-
-
-
1 162
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.

522
-
1 947
-
pensions
81
-
302
-
unemployment
1
-
3
-
income
90
-
486
-
health
34
-
126
-
total
206
-
917
-
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.

522
-
1 947
-
pensions
46
-
172
-
unemployment
-
-
1
-
health
35
-
130
-
total
81
-
303
-
Corporate
1 647
2 250
-
-
income
313
428
-
-
total
313
428
-
-
Dividends
1 334
1 822
-
-
withholding
200
273
-
-
total
200
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
800
701
1 220
1 162
After tax
1 450
1 549
1 030
1 088
Living cost
316
316
316
316
Free-cash
1 134
1 233
714
772

Estimated living cost  is $316 per week

$217
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.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$1040
$854
$286
$1578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
256
income
-
-
-
439
total
-
-
-
695
Employee
738
-
-
-
social contributions
61
-
9
-
income
163
-
-
-
total
224
-
9
-
Employer
738
-
-
-
social contributions
1 040
-
148
-
total
1 040
-
148
-
Corporate
472
2 250
-
-
income
104
495
-
-
total
104
495
-
-
Dividends
368
1 755
-
-
income
81
386
-
-
total
81
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 449
881
157
695
After tax
801
1 369
2 093
1 555
Living cost
515
515
515
515
Free-cash
286
854
1 578
1 040

Estimated living cost  is $515 per week

$334
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.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$824
$910
$897
$653
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
782
income
-
-
-
274
total
-
-
-
1 056
Employee
542
-
1 818
-
social contributions
60
-
200
-
surtax
-
-
-
-
income
113
-
595
-
total
173
-
795
-
Employer
542
-
1 818
-
social contributions
129
-
432
-
total
129
-
432
-
Corporate
1 579
2 250
-
-
income
332
472
-
-
surtax
-
-
-
-
total
332
472
-
-
Dividends
1 247
1 778
-
-
withholding
349
498
-
-
total
349
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
983
970
1 227
1 056
After tax
1 267
1 280
1 023
1 194
Living cost
370
370
370
370
Free-cash
897
910
653
824

Estimated living cost  is $370 per week

$277
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
$694
$564
$645
$647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
385
health
-
-
-
101
surtax
-
-
-
-
other
-
-
-
70
social contributions
-
-
-
64
income
-
-
-
366
total
-
-
-
986
Employee
739
-
1 734
-
social contributions
21
-
49
-
surtax
-
-
-
-
pensions
84
-
124
-
income
64
-
344
-
total
169
-
517
-
Employer
739
-
1 734
-
pensions
121
-
208
-
social contributions
2
-
5
-
other
25
-
69
-
unemployment
30
-
70
-
health
52
-
164
-
total
230
-
516
-
Corporate
1 281
2 250
-
-
income
359
630
-
-
surtax
-
-
-
-
total
359
630
-
-
Dividends
922
1 620
-
-
withholding
118
207
-
-
surtax
-
-
-
-
social contributions
159
279
-
-
total
277
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 035
1 116
1 033
986
After tax
1 215
1 134
1 217
1 264
Living cost
570
570
570
570
Free-cash
645
564
647
694

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Paris model

Close
Andorra , Andorra
$1296
$1670
$1630
$1355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
495
income
-
-
-
104
total
-
-
-
599
Employee
379
-
1 948
-
social contributions
25
-
127
-
income
-
-
111
-
total
25
-
238
-
Employer
379
-
1 948
-
social contributions
59
-
302
-
total
59
-
302
-
Corporate
1 812
2 250
-
-
income
181
225
-
-
total
181
225
-
-
Dividends
1 631
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
265
225
540
599
After tax
1 985
2 025
1 710
1 651
Living cost
355
355
355
355
Free-cash
1 630
1 670
1 355
1 296

Estimated living cost  is $355 per week

$229
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$750
-$317
-$317
-$317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
474
pensions
-
-
-
10
labour market
-
-
-
179
national
-
-
-
270
total
-
-
-
933
Employee
2 395
2 395
2 395
-
municipal
510
510
510
-
national
293
293
293
-
pensions
3
3
3
-
labour market
191
191
191
-
total
997
997
997
-
Employer
2 395
2 395
2 395
-
labour market
192
192
192
-
pensions
7
7
7
-
municipal
511
511
511
-
national
293
293
293
-
total
1 003
1 003
1 003
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
2 000
2 000
2 000
933
After tax
250
250
250
1 317
Living cost
567
567
567
567
Free-cash
-317
-317
-317
750

Estimated living cost  is $567 per week

$388
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.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1278
-$78
$142
$966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
629
total
-
-
-
712
Employee
409
-
2 034
-
pensions
46
-
92
-
income
56
-
483
-
health
47
-
233
-
total
149
-
808
-
Employer
409
-
2 034
-
pensions
67
-
132
-
unemployment
10
-
50
-
accident
7
-
34
-
total
84
-
216
-
Corporate
1 758
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.

1 582
2 025
-
-
total
1 582
2 025
-
-
Dividends
176
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 848
2 068
1 024
712
After tax
402
182
1 226
1 538
Living cost
260
260
260
260
Free-cash
142
-78
966
1 278

Estimated living cost  is $260 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$973
$946
$980
$716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
400
health
-
-
-
30
national
-
-
-
394
total
-
-
-
824
Employee
621
-
1 893
-
municipal
102
-
308
-
national
10
-
236
-
pensions
42
-
128
-
unemployment
9
-
28
-
health
5
-
24
-
total
168
-
724
-
Employer
621
-
1 893
-
pensions
108
-
328
-
unemployment
4
-
12
-
accident
1
-
2
-
health
5
-
15
-
total
118
-
357
-
Corporate
1 512
2 250
-
-
income
302
450
-
-
total
302
450
-
-
Dividends

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

907
1 350
-
-
municipal
163
243
-
-
national
66
158
-
-
total
229
401
-
-
Income
2 250
2 250
2 250
2 250
Total tax
817
851
1 081
824
After tax
1 433
1 399
1 169
1 426
Living cost
453
453
453
453
Free-cash
980
946
716
973

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1256
$1369
$1304
$1236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57
social contributions
-
-
-
191
income
-
-
-
473
total
-
-
-
721
Employee
907
907
2 109
-
social contributions
34
75
102
-
income
99
84
462
-
health
7
15
36
-
total
140
174
600
-
Employer
907
907
2 109
-
social contributions
34
75
102
-
health
8
17
39
-
total
42
92
141
-
Corporate
1 795
1 251
-
-
income
224
156
-
-
total
224
156
-
-
Dividends
1 571
1 095
-
-
withholding
267
186
-
-
total
267
186
-
-
Income
2 250
2 250
2 250
2 250
Total tax
673
608
741
721
After tax
1 577
1 642
1 509
1 529
Living cost
273
273
273
273
Free-cash
1 304
1 369
1 236
1 256

Estimated living cost  is $273 per week

$164
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1715
$1676
$1615
$1477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
75
health
-
-
-
43
unemployment
-
-
-
-
income
-
-
-
230
total
-
-
-
348
Employee

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

271
-
2 135
-
pensions
41
-
168
-
unemployment
1
-
6
-
income
19
-
201
-
health
23
-
95
-
total
84
-
470
-
Employer

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

271
-
2 135
-
pensions
15
-
62
-
unemployment
1
-
6
-
health
12
-
48
-
total
28
-
116
-
Corporate
1 951
2 250
-
-
income
176
203
-
-
total
176
203
-
-
Dividends
1 776
2 047
-
-
withholding
160
184
-
-
total
160
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
448
387
586
348
After tax
1 802
1 863
1 664
1 902
Living cost
187
187
187
187
Free-cash
1 615
1 676
1 477
1 715

Estimated living cost  is $187 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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$937
$1174
$1122
$887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
661
total
-
-
-
989
Employee
436
-
1 901
-
pensions
21
-
51
-
other
-
-
1
-
unemployment
7
-
17
-
income
84
-
621
-
total
112
-
690
-
Employer
436
-
1 901
-
pensions
103
-
258
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
total
139
-
349
-
Corporate
1 675
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.

251
337
-
-
total
251
337
-
-
Dividends
1 424
1 913
-
-
withholding
302
415
-
-
total
302
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
804
752
1 039
989
After tax
1 446
1 498
1 211
1 261
Living cost
324
324
324
324
Free-cash
1 122
1 174
887
937

Estimated living cost  is $324 per week

$219
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1426
$1381
$1377
$1424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
17
health
-
-
-
12
income
-
-
-
772
total
-
-
-
801
Employee
35
-
2 231
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
771
-
health
2
-
4
-
total
12
-
784
-
Employer
35
-
2 231
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
2 207
2 250
-
-
income
486
495
-
-
total
486
495
-
-
Dividends
1 722
1 755
-
-
withholding
344
351
-
-
total
344
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
850
846
803
801
After tax
1 400
1 404
1 447
1 449
Living cost
23
23
23
23
Free-cash
1 377
1 381
1 424
1 426

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$1204
$1421
$1364
$1202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
226
health
-
-
-
90
unemployment
-
-
-
13
income
-
-
-
513
total
-
-
-
842
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.

307
-
2 094
-
pensions
43
-
122
-
unemployment
2
-
7
-
income
42
-
513
-
health
16
-
45
-
total
103
-
687
-
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.

307
-
2 094
-
pensions
37
-
105
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
157
-
Corporate
1 888
2 250
-
-
income
283
338
-
-
total
283
338
-
-
Dividends
1 604
1 912
-
-
withholding
241
287
-
-
total
241
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
682
625
844
842
After tax
1 568
1 625
1 406
1 408
Living cost
204
204
204
204
Free-cash
1 364
1 421
1 202
1 204

Estimated living cost  is $204 per week

$137
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
$876
$962
$958
$705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
-
social contributions

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

-
-
-
782
income
-
-
-
274
total
-
-
-
1 056
Employee
458
-
1 818
-
social contributions
50
-
200
-
surtax
-
-
-
-
income
89
-
595
-
total
139
-
795
-
Employer
458
-
1 818
-
social contributions
109
-
432
-
total
109
-
432
-
Corporate
1 684
2 250
-
-
income
354
472
-
-
surtax
-
-
-
-
total
354
472
-
-
Dividends
1 330
1 778
-
-
withholding
372
498
-
-
total
372
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
974
970
1 227
1 056
After tax
1 276
1 280
1 023
1 194
Living cost
318
318
318
318
Free-cash
958
962
705
876

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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
$846
$1083
$1005
$796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
661
total
-
-
-
989
Employee
570
-
1 901
-
pensions
27
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
119
-
621
-
total
156
-
690
-
Employer
570
-
1 901
-
pensions
134
-
258
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
total
181
-
349
-
Corporate
1 499
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.

225
337
-
-
total
225
337
-
-
Dividends
1 274
1 913
-
-
withholding
268
415
-
-
total
268
415
-
-
Income
2 250
2 250
2 250
2 250
Total tax
830
752
1 039
989
After tax
1 420
1 498
1 211
1 261
Living cost
414
414
414
414
Free-cash
1 005
1 083
796
846

Estimated living cost  is $414 per week

$298
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1599
$1721
$1647
$1690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
338
total
-
-
-
448
Employee
269
-
2 169
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
217
-
health
12
-
19
-
total
66
-
277
-
Employer
269
-
2 169
-
pensions

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

30
-
45
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
28
-
total
54
-
80
-
Corporate
1 928
2 250
-
-
income
193
225
-
-
total
193
225
-
-
Dividends
1 736
2 025
-
-
withholding
87
101
-
-
total
87
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
400
326
357
448
After tax
1 850
1 924
1 893
1 802
Living cost
203
203
203
203
Free-cash
1 647
1 721
1 690
1 599

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
$716
$703
$856
$960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
244
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.

-
-
-
81
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
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.

-
-
-
715
total
-
-
-
1 079
Employee

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

587
-
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
-
715
-
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.

81
-
81
-
total
132
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 663
2 250
-
-
trade
239
323
-
-
income
249
337
-
-
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
-
-
total
506
684
-
-
Dividends
1 157
1 566
-
-
withholding
285
387
-
-
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
-
-
total
301
408
-
-
Income
2 250
2 250
2 250
2 250
Total tax
939
1 092
835
1 079
After tax
1 311
1 158
1 415
1 171
Living cost
455
455
455
455
Free-cash
856
703
960
716

Estimated living cost  is $455 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$494
$903
$929
$494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
379
income
-
-
-
705
total
-
-
-
1 084
Employee
923
-
2 250
-
social contributions
77
-
379
-
income
174
-
705
-
total
251
-
1 084
-
Employer
923
-
2 250
-
total
-
-
-
-
Corporate
1 327
2 250
-
-
income
166
281
-
-
total
166
281
-
-
Dividends
1 161
1 969
-
-
withholding
232
394
-
-
total
232
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
649
675
1 084
1 084
After tax
1 601
1 575
1 166
1 166
Living cost
672
672
672
672
Free-cash
929
903
494
494

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1413
$973
$1014
$1162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
72
income
-
-
-
337
total
-
-
-
409
Employee
541
-
2 196
-
social contributions
54
-
54
-
income
59
-
552
-
total
113
-
606
-
Employer
541
-
2 196
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 655
2 250
-
-
income
579
787
-
-
total
579
787
-
-
Dividends
1 076
1 463
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
2 250
2 250
2 250
2 250
Total tax
808
849
660
409
After tax
1 442
1 401
1 590
1 841
Living cost
428
428
428
428
Free-cash
1 014
973
1 162
1 413

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$1044
$1019
$1088
$842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
109
income
-
-
-
664
total
-
-
-
773
Employee
594
-
1 964
-
pensions
45
-
132
-
income
108
-
529
-
health
8
-
28
-
total
161
-
689
-
Employer
594
-
1 964
-
pensions
60
-
249
-
health
11
-
37
-
total
71
-
286
-
Corporate
1 585
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
433
433
433
433
Free-cash
1 088
1 019
842
1 044

Estimated living cost  is $433 per week

$297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$1252
-$104
$138
$940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
629
total
-
-
-
712
Employee
449
-
2 034
-
pensions
51
-
92
-
income
62
-
483
-
health
51
-
233
-
total
164
-
808
-
Employer
449
-
2 034
-
pensions
73
-
132
-
unemployment
11
-
50
-
accident
8
-
34
-
total
92
-
216
-
Corporate
1 709
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.

1 538
2 025
-
-
total
1 538
2 025
-
-
Dividends
171
225
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 826
2 068
1 024
712
After tax
424
182
1 226
1 538
Living cost
286
286
286
286
Free-cash
138
-104
940
1 252

Estimated living cost  is $286 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1199
$1562
$1680
$1458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
347
health insurance
-
-
-
139
work injury
-
-
-
9
unemployment
-
-
-
23
income
-
-
-
374
total
-
-
-
892
Employee

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

255
-
2 250
-
pensions
47
-
173
-
health insurance
19
-
70
-
unemployment
3
-
11
-
income
25
-
374
-
work injury
1
-
5
-
total
95
-
633
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 995
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
1 975
2 025
-
-
withholding
296
304
-
-
total
296
304
-
-
Income
2 250
2 250
2 250
2 250
Total tax
411
529
633
892
After tax
1 839
1 721
1 617
1 358
Living cost
159
159
159
159
Free-cash
1 680
1 562
1 458
1 199

Estimated living cost  is $159 per week

$99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$568
$716
$662
$470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15
regional
-
-
-
52
social contributions
-
-
-
579
national
-
-
-
566
total
-
-
-
1 212
Employee
994
-
2 250
-
social contributions
335
-
759
-
municipal
6
-
13
-
regional
15
-
46
-
national
168
-
492
-
total
524
-
1 310
-
Employer
994
-
2 250
-
total
-
-
-
-
Corporate
1 256
2 250
-
-
nationa
301
540
-
-
municipal
61
108
-
-
total
362
648
-
-
Dividends
894
1 602
-
-
withholding
232
416
-
-
total
232
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 118
1 064
1 310
1 212
After tax
1 132
1 186
940
1 038
Living cost
470
470
470
470
Free-cash
662
716
470
568

Estimated living cost  is $470 per week

$330
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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Estimated living cost

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