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
$770
$1055
$789
$903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
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.

-
-
-
710
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
health

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

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

-
-
-
82
trade
-
-
-
266
total
-
-
-
1 097
Employee

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

460
-
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
-
710
-
health

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

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

82
-
82
-
total
96
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 790
2 250
-
-
income
268
338
-
-
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
-
-
chamber of commerce
4
5
-
-
trade
282
354
-
-
total
569
716
-
-
Dividends
1 220
1 534
-
-
surtax

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

17
21
-
-
withholding
301
379
-
-
total
318
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
983
1 116
831
1 097
After tax
1 267
1 134
1 419
1 153
Living cost
364
364
364
364
Free-cash
903
770
1 055
789

Estimated living cost  is $364 per week

$229
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.
$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 Dresden model

Close
Reykjavik , Iceland
$766
$698
$686
$755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
24
municipal
-
-
-
247
national
-
-
-
385
pensions
-
-
-
270
total
-
-
-
926
Employee
988
-
1 945
-
municipal
122
-
255
-
pensions
40
-
78
-
national
189
-
404
-
total
351
-
737
-
Employer
988
-
1 945
-
pensions
79
-
156
-
social contributions
11
-
21
-
total
90
-
177
-
Corporate
1 107
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%.

221
450
-
-
total
221
450
-
-
Dividends
885
1 800
-
-
withholding
195
396
-
-
total
195
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
857
846
914
926
After tax
1 393
1 404
1 336
1 324
Living cost
638
638
638
638
Free-cash
755
766
698
686

Estimated living cost  is $638 per week

$433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1550
$704
$537
$1450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
428
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.

-
-
-
461
microenterprise
-
-
-
-
total
-
-
-
1 463
Employee
351
-
1 716
-
surtax
-
-
249
-
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.

39
-
158
-
income
63
-
355
-
total
102
-
762
-
Employer
351
-
1 716
-
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.

85
-
345
-
surtax
-
-
189
-
total
85
-
534
-
Corporate
1 814
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%.

363
450
-
-
total
363
450
-
-
Dividends

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

1 451
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
550
450
1 296
1 463
After tax
1 700
1 800
954
787
Living cost
250
250
250
250
Free-cash
1 450
1 550
704
537

Estimated living cost  is $250 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$613
$916
$729
$539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
728
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
1 017
Employee
1 027
1 027
2 027
-
pensions
185
141
141
-
income

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

168
168
317
-
health
158
134
148
-
total
511
443
606
-
Employer
1 027
1 027
2 027
-
health
71
71
89
-
pensions
71
71
89
-
unemployment
37
37
46
-
total
179
179
224
-
Corporate
1 056
1 043
-
-
income
211
209
-
-
total
211
209
-
-
Dividends
845
835
-
-
income
179
177
-
-
withholding
127
125
-
-
total
306
302
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 207
1 133
830
1 017
After tax
1 043
1 117
1 420
1 233
Living cost
504
504
504
504
Free-cash
539
613
916
729

Estimated living cost  is $504 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$734
$644
$657
$724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
other
-
-
-
126
unemployment
-
-
-
1
health
-
-
-
68
municipal
-
-
-
577
national
-
-
-
208
pensions
-
-
-
117
total
-
-
-
1 099
Employee
704
-
1 910
-
municipal
210
-
570
-
national
-
-
201
-
total
210
-
771
-
Employer
704
-
1 910
-
health
43
-
67
-
pensions
76
-
117
-
accident
1
-
2
-
unemployment
19
-
29
-
other
82
-
126
-
total
221
-
341
-
Corporate
1 325
2 250
-
-
income
291
495
-
-
total
291
495
-
-
Dividends
1 033
1 755
-
-
withholding
310
527
-
-
total
310
527
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 032
1 022
1 112
1 099
After tax
1 218
1 228
1 138
1 151
Living cost
494
494
494
494
Free-cash
724
734
644
657

Estimated living cost  is $494 per week

$327
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.
$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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$650
$947
$669
$820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
710
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
health

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

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

-
-
-
82
trade
-
-
-
278
total
-
-
-
1 109
Employee

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

610
-
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.

52
-
710
-
health

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

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

82
-
82
-
total
137
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 640
2 250
-
-
income
246
338
-
-
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
-
-
chamber of commerce
4
5
-
-
trade
270
370
-
-
total
534
732
-
-
Dividends
1 107
1 519
-
-
surtax

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

15
21
-
-
withholding
272
375
-
-
total
287
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
958
1 128
831
1 109
After tax
1 292
1 122
1 419
1 141
Living cost
472
472
472
472
Free-cash
820
650
947
669

Estimated living cost  is $472 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1250
$1121
$1141
$1201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
467
social contributions
-
-
-
195
health
-
-
-
57
total
-
-
-
719
Employee
925
925
2 108
-
social contributions
45
77
104
-
income
97
86
456
-
health
9
16
36
-
total
151
179
596
-
Employer
925
925
2 108
-
health
10
17
39
-
social contributions
45
77
104
-
total
55
94
143
-
Corporate
1 654
1 231
-
-
income
207
154
-
-
total
207
154
-
-
Dividends
1 447
1 077
-
-
withholding
246
183
-
-
total
246
183
-
-
Income
2 250
2 250
2 250
2 250
Total tax
659
610
739
719
After tax
1 591
1 640
1 511
1 531
Living cost
390
390
390
390
Free-cash
1 201
1 250
1 121
1 141

Estimated living cost  is $390 per week

$267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$1041
$1084
$1337
$1048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
275
unemployment
-
-
-
34
health
-
-
-
158
pensions
-
-
-
225
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.

319
127
1 883
-
unemployment
5
2
28
-
pensions
32
13
188
-
income
39
16
230
-
health
22
9
132
-
total
98
40
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.

319
127
1 883
-
pensions
62
25
367
-
total
62
25
367
-
Corporate
1 869
2 098
-
-
income
168
189
-
-
total
168
189
-
-
Dividends
1 701
1 910
-
-
social contributions
330
371
-
-
withholding
323
363
-
-
total
653
734
-
-
Income
2 250
2 250
2 250
2 250
Total tax
981
988
945
692
After tax
1 269
1 262
1 305
1 558
Living cost
221
221
221
221
Free-cash
1 048
1 041
1 084
1 337

Estimated living cost  is $221 per week

$151
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1510
$1007
$916
$1436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
301
health
-
-
-
293
pensions
-
-
-
450
total
-
-
-
1 044
Employee
341
-
1 682
-
unemployment
5
-
27
-
pensions
7
-
34
-
income
38
-
324
-
total
50
-
385
-
Employer
341
-
1 682
-
health
44
-
219
-
pensions
68
-
336
-
unemployment
3
-
13
-
total
115
-
568
-
Corporate
1 793
2 250
-
-
income
359
450
-
-
total
359
450
-
-
Dividends
1 435
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
524
450
953
1 044
After tax
1 726
1 800
1 297
1 206
Living cost
290
290
290
290
Free-cash
1 436
1 510
1 007
916

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$86
$957
$1269
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
accident
-
-
-
3
income
-
-
-
627
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
713
Employee
422
-
2 032
-
pensions
47
-
93
-
income
58
-
481
-
health
48
-
233
-
total
153
-
807
-
Employer
422
-
2 032
-
pensions
69
-
134
-
accident
7
-
34
-
unemployment
10
-
50
-
total
86
-
218
-
Corporate
1 742
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.

1 568
2 025
-
-
total
1 568
2 025
-
-
Dividends
174
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 840
2 068
1 025
713
After tax
410
182
1 225
1 537
Living cost
268
268
268
268
Free-cash
142
-86
957
1 269

Estimated living cost  is $268 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$2040
$1703
$2131
$2023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
121
-
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%.

2 129
2 250
-
-
total
-
-
-
-
Dividends
2 129
2 250
-
-
withholding
106
113
-
-
total
106
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
130
113
450
22
After tax
2 120
2 137
1 800
2 228
Living cost
97
97
97
97
Free-cash
2 023
2 040
1 703
2 131

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1334
$952
$964
$1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
360
other
-
-
-
87
health
-
-
-
80
pensions

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

-
-
-
439
total
-
-
-
966
Employee
437
-
1 797
-
unemployment
4
-
18
-
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.

31
-
126
-
income
75
-
356
-
health
6
-
25
-
total
116
-
525
-
Employer
437
-
1 797
-
health
6
-
25
-
pensions

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

74
-
306
-
accident
3
-
14
-
unemployment
4
-
18
-
other
22
-
90
-
total
109
-
453
-
Corporate
1 703
2 250
-
-
income
358
472
-
-
total
358
472
-
-
Dividends
1 346
1 778
-
-
withholding
94
124
-
-
total
94
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
677
596
978
966
After tax
1 573
1 654
1 272
1 284
Living cost
320
320
320
320
Free-cash
1 253
1 334
952
964

Estimated living cost  is $320 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$660
$480
$684
$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
income
-
-
-
659
pensions
-
-
-
110
total
-
-
-
769
Employee
1 128
-
1 964
-
pensions
109
-
135
-
income
203
-
524
-
health
19
-
28
-
total
331
-
687
-
Employer
1 128
-
1 964
-
health
21
-
37
-
pensions
133
-
249
-
total
154
-
286
-
Corporate
967
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.

184
427
-
-
total
184
427
-
-
Dividends
784
1 823
-
-
withholding
59
366
-
-
total
59
366
-
-
Income
2 250
2 250
2 250
2 250
Total tax
728
793
973
769
After tax
1 522
1 457
1 277
1 481
Living cost
797
797
797
797
Free-cash
725
660
480
684

Estimated living cost  is $797 per week

$597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1766
$1731
$1642
$1711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
338
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
450
Employee
209
-
2 168
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
217
-
health
10
-
19
-
total
51
-
278
-
Employer
209
-
2 168
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
2 000
2 250
-
-
income
200
225
-
-
total
200
225
-
-
Dividends
1 800
2 025
-
-
withholding
90
101
-
-
total
90
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
381
326
361
450
After tax
1 869
1 924
1 889
1 800
Living cost
158
158
158
158
Free-cash
1 711
1 766
1 731
1 642

Estimated living cost  is $158 per week

$92
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$450
$753
$566
$479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
728
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
1 017
Employee
1 115
1 027
2 027
-
pensions
141
141
141
-
income

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

168
168
317
-
health
139
134
148
-
total
448
443
606
-
Employer
1 115
1 027
2 027
-
health
77
71
89
-
pensions
78
71
89
-
unemployment
40
37
46
-
total
195
179
224
-
Corporate
940
1 043
-
-
income
188
209
-
-
total
188
209
-
-
Dividends
752
835
-
-
income
160
177
-
-
withholding
113
125
-
-
total
273
302
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 104
1 133
830
1 017
After tax
1 146
1 117
1 420
1 233
Living cost
667
667
667
667
Free-cash
479
450
753
566

Estimated living cost  is $667 per week

$492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$60
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1251
$889
$987
$1142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
227
social contributions
-
-
-
430
solidarity contribution
-
-
-
3
health
-
-
-
304
total
-
-
-
964
Employee
439
-
1 726
-
solidarity contribution
-
-
-
-
social contributions
29
-
96
-
income
53
-
210
-
health
59
-
233
-
total
141
-
539
-
Employer
439
-
1 726
-
health
40
-
155
-
social contributions
110
-
368
-
total
150
-
523
-
Corporate
1 661
2 250
-
-
income
316
427
-
-
total
316
427
-
-
Dividends
1 346
1 823
-
-
withholding
202
273
-
-
total
202
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
809
700
1 062
964
After tax
1 441
1 550
1 188
1 286
Living cost
299
299
299
299
Free-cash
1 142
1 251
889
987

Estimated living cost  is $299 per week

$208
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$693
$458
$560
$632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
579
regional
-
-
-
27
municipal
-
-
-
13
national
-
-
-
564
total
-
-
-
1 183
Employee
1 069
-
2 250
-
municipal
6
-
12
-
national
185
-
490
-
regional
10
-
24
-
social contributions
360
-
759
-
total
561
-
1 285
-
Employer
1 069
-
2 250
-
total
-
-
-
-
Corporate
1 181
2 250
-
-
municipal
46
88
-
-
nationa
283
540
-
-
total
329
628
-
-
Dividends
852
1 622
-
-
withholding
221
422
-
-
total
221
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 111
1 050
1 285
1 183
After tax
1 139
1 200
965
1 067
Living cost
507
507
507
507
Free-cash
632
693
458
560

Estimated living cost  is $507 per week

$354
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.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1150
$724
$797
$1112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
647
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
1 188
Employee
398
-
1 912
-
other
-
-
-
-
unemployment
28
-
112
-
pensions
27
-
107
-
surtax
1
-
88
-
income
67
-
575
-
health
10
-
41
-
total
133
-
923
-
Employer
398
-
1 912
-
health
18
-
73
-
pensions
53
-
214
-
unemployment
13
-
51
-
other
-
-
-
-
total
84
-
338
-
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
873
835
1 261
1 188
After tax
1 377
1 415
989
1 062
Living cost
265
265
265
265
Free-cash
1 112
1 150
724
797

Estimated living cost  is $265 per week

$162
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$912
$732
$936
$990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
659
pensions
-
-
-
110
total
-
-
-
769
Employee
756
-
1 964
-
pensions
64
-
135
-
income
136
-
524
-
health
11
-
28
-
total
211
-
687
-
Employer
756
-
1 964
-
health
14
-
37
-
pensions
82
-
249
-
total
96
-
286
-
Corporate
1 398
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.

266
427
-
-
total
266
427
-
-
Dividends
1 132
1 823
-
-
withholding
142
366
-
-
total
142
366
-
-
Income
2 250
2 250
2 250
2 250
Total tax
715
793
973
769
After tax
1 535
1 457
1 277
1 481
Living cost
545
545
545
545
Free-cash
990
912
732
936

Estimated living cost  is $545 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$77
$762
$864
$485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other

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

-
-
-
45
regional
-
-
-
113
health
-
-
-
5
city
-
-
-
24
national
-
-
-
40
pensions
-
-
-
207
total
-
-
-
434
Employee
1 115
-
2 014
-
unemployment
-
-
-
-
pensions
94
-
169
-
national
5
-
29
-
regional
36
-
97
-
city
12
-
22
-
health
3
-
5
-
total
150
-
322
-
Employer
1 115
-
2 014
-
health
3
-
5
-
pensions
94
-
169
-
unemployment
-
-
-
-
other

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

22
-
40
-
total
119
-
214
-
Corporate
1 005
2 250
-
-
regional
212
476
-
-
national
85
191
-
-
total
297
667
-
-
Dividends
707
1 583
-
-
withholding
247
554
-
-
total
247
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
813
1 221
536
434
After tax
1 437
1 029
1 714
1 816
Living cost
952
952
952
952
Free-cash
485
77
762
864

Estimated living cost  is $952 per week

$619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$560
$868
$578
$755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
710
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
health

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

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

-
-
-
82
trade
-
-
-
290
total
-
-
-
1 121
Employee

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

723
-
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.

85
-
710
-
health

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

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

82
-
82
-
total
172
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 527
2 250
-
-
income
229
338
-
-
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
-
-
chamber of commerce
4
5
-
-
trade
262
386
-
-
total
508
748
-
-
Dividends
1 020
1 503
-
-
surtax

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

14
20
-
-
withholding
250
371
-
-
total
264
391
-
-
Income
2 250
2 250
2 250
2 250
Total tax
944
1 139
831
1 121
After tax
1 306
1 111
1 419
1 129
Living cost
551
551
551
551
Free-cash
755
560
868
578

Estimated living cost  is $551 per week

$402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$723
$812
$855
$793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
362
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
99
pensions
-
-
-
389
total
-
-
-
984
Employee
515
-
1 736
-
pensions
58
-
123
-
surtax
-
-
-
-
social contributions
15
-
49
-
income
30
-
342
-
total
103
-
514
-
Employer
515
-
1 736
-
health
36
-
163
-
pensions
85
-
206
-
unemployment
21
-
70
-
social contributions
2
-
5
-
other
18
-
69
-
total
162
-
513
-
Corporate
1 575
2 250
-
-
income
441
630
-
-
surtax
-
-
-
-
total
441
630
-
-
Dividends
1 134
1 620
-
-
surtax
-
-
-
-
social contributions
195
279
-
-
withholding
145
207
-
-
total
340
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 046
1 116
1 027
984
After tax
1 204
1 134
1 223
1 266
Living cost
411
411
411
411
Free-cash
793
723
812
855

Estimated living cost  is $411 per week

$259
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$763
$852
$895
$830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
362
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
99
pensions
-
-
-
389
total
-
-
-
984
Employee
459
-
1 736
-
pensions
52
-
123
-
surtax
-
-
-
-
social contributions
13
-
49
-
income
24
-
342
-
total
89
-
514
-
Employer
459
-
1 736
-
health
32
-
163
-
pensions
75
-
206
-
unemployment
19
-
70
-
social contributions
1
-
5
-
other
16
-
69
-
total
143
-
513
-
Corporate
1 647
2 250
-
-
income
461
630
-
-
surtax
-
-
-
-
total
461
630
-
-
Dividends
1 186
1 620
-
-
surtax
-
-
-
-
social contributions
204
279
-
-
withholding
152
207
-
-
total
356
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 049
1 116
1 027
984
After tax
1 201
1 134
1 223
1 266
Living cost
371
371
371
371
Free-cash
830
763
852
895

Estimated living cost  is $371 per week

$215
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$1117
$1139
$1189
$1124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
338
social contributions
-
-
-
311
health
-
-
-
157
total
-
-
-
806
Employee
408
-
2 250
-
social contributions
56
-
311
-
income
68
-
388
-
health
28
-
157
-
total
152
-
856
-
Employer
408
-
2 250
-
total
-
-
-
-
Corporate
1 842
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%.

92
113
-
-
total
92
113
-
-
Dividends
1 750
2 137
-
-
social contributions
242
295
-
-
withholding
263
321
-
-
health
122
149
-
-
total
627
765
-
-
Income
2 250
2 250
2 250
2 250
Total tax
871
878
856
806
After tax
1 379
1 372
1 394
1 444
Living cost
255
255
255
255
Free-cash
1 124
1 117
1 139
1 189

Estimated living cost  is $255 per week

$171
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.
$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 Vilnius model

Close
Vienna , Austria
$821
$173
$732
$802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
642
surtax
-
-
-
2
unemployment
-
-
-
74
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
1 094
Employee
601
479
1 813
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
62
49
144
-
income
68
35
522
-
health
23
19
54
-
total
177
122
776
-
Employer
601
479
1 813
-
chamber of commerce
2
2
7
-
health
23
18
53
-
pensions
75
60
176
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
54
-
other
29
23
83
-
total
175
139
435
-
Corporate
1 474
1 630
1 768
-
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.

368
408
442
-
total
368
408
442
-
Dividends
1 105
1 223
-
-
withholding
304
336
-
-
total
304
336
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 024
1 005
1 653
1 094
After tax
1 226
1 245
597
1 156
Living cost
424
424
424
424
Free-cash
802
821
173
732

Estimated living cost  is $424 per week

$283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$820
$347
$538
$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
communal

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

-
-
-
117
social contributions
-
-
-
300
national
-
-
-
857
total
-
-
-
1 274
Employee

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

860
-
1 743
-
unemployment

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

7
-
15
-
communal

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

45
-
91
-
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.

65
-
131
-
national
264
-
639
-
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
421
-
958
-
Employer

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

860
-
1 743
-
health

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

53
-
107
-
pensions

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

76
-
154
-
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
-
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.

13
-
25
-
surtax
98
-
198
-
total
251
-
507
-
Corporate
1 139
2 250
-
-
income
228
450
-
-
surtax
5
9
-
-
total
233
459
-
-
Dividends
907
1 791
-
-
withholding

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

268
533
-
-
total
268
533
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 173
992
1 465
1 274
After tax
1 077
1 258
785
976
Living cost
438
438
438
438
Free-cash
639
820
347
538

Estimated living cost  is $438 per week

$282
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$1064
$778
$828
$982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
10
income
-
-
-
654
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
988
Employee
599
-
1 895
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
613
-
total
164
-
683
-
Employer
599
-
1 895
-
pensions
141
-
263
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
355
-
Corporate
1 461
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.

219
338
-
-
total
219
338
-
-
Dividends
1 241
1 912
-
-
withholding
260
414
-
-
total
260
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
834
752
1 038
988
After tax
1 416
1 498
1 212
1 262
Living cost
434
434
434
434
Free-cash
982
1 064
778
828

Estimated living cost  is $434 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$651
$534
$444
$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
communal
-
-
-
142
accident
-
-
-
19
income
-
-
-
384
surtax
-
-
-
112
health
-
-
-
158
pensions
-
-
-
337
total
-
-
-
1 152
Employee
911
-
2 010
-
pensions
73
-
161
-
surtax
56
-
123
-
income
88
-
449
-
health
41
-
89
-
total
258
-
822
-
Employer
911
-
2 010
-
health
28
-
61
-
pensions
73
-
161
-
accident
8
-
18
-
total
109
-
240
-
Corporate
1 230
2 250
-
-
communal
83
152
-
-
income
185
338
-
-
surtax
13
24
-
-
total
281
514
-
-
Dividends
950
1 737
-
-
income
312
170
-
-
withholding
142
261
-
-
total
454
431
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 102
945
1 062
1 152
After tax
1 148
1 305
1 188
1 098
Living cost
654
654
654
654
Free-cash
494
651
534
444

Estimated living cost  is $654 per week

$490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1145
$719
$792
$1108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
647
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
321
total
-
-
-
1 188
Employee
405
-
1 912
-
other
-
-
-
-
unemployment
28
-
112
-
pensions
27
-
107
-
surtax
1
-
88
-
income
68
-
575
-
health
10
-
41
-
total
134
-
923
-
Employer
405
-
1 912
-
health
18
-
73
-
pensions
54
-
214
-
unemployment
13
-
51
-
other
-
-
-
-
total
85
-
338
-
Corporate
1 760
2 250
-
-
income
458
585
-
-
total
458
585
-
-
Dividends
1 302
1 665
-
-
withholding
195
250
-
-
total
195
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 261
1 188
After tax
1 378
1 415
989
1 062
Living cost
270
270
270
270
Free-cash
1 108
1 145
719
792

Estimated living cost  is $270 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$858
$635
$736
$831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
social contributions
-
-
-
579
regional
-
-
-
34
municipal
-
-
-
13
national
-
-
-
564
total
-
-
-
1 190
Employee
667
-
2 250
-
municipal
4
-
12
-
national
106
-
490
-
regional
9
-
30
-
social contributions
225
-
759
-
total
344
-
1 291
-
Employer
667
-
2 250
-
total
-
-
-
-
Corporate
1 583
2 250
-
-
municipal
79
112
-
-
nationa
380
540
-
-
total
459
652
-
-
Dividends
1 124
1 598
-
-
withholding
292
416
-
-
total
292
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 095
1 068
1 291
1 190
After tax
1 155
1 182
959
1 060
Living cost
324
324
324
324
Free-cash
831
858
635
736

Estimated living cost  is $324 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1182
$820
$918
$1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
227
social contributions
-
-
-
430
solidarity contribution
-
-
-
3
health
-
-
-
304
total
-
-
-
964
Employee
541
-
1 726
-
solidarity contribution
-
-
-
-
social contributions
35
-
96
-
income
65
-
210
-
health
73
-
233
-
total
173
-
539
-
Employer
541
-
1 726
-
health
49
-
155
-
social contributions
135
-
368
-
total
184
-
523
-
Corporate
1 524
2 250
-
-
income
290
427
-
-
total
290
427
-
-
Dividends
1 235
1 823
-
-
withholding
185
273
-
-
total
185
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
832
700
1 062
964
After tax
1 418
1 550
1 188
1 286
Living cost
368
368
368
368
Free-cash
1 050
1 182
820
918

Estimated living cost  is $368 per week

$274
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$862
$213
$774
$855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
642
surtax
-
-
-
-
unemployment
-
-
-
74
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
1 092
Employee
526
479
1 816
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
54
49
144
-
income
47
35
523
-
health
20
19
54
-
total
142
122
777
-
Employer
526
479
1 816
-
chamber of commerce
2
2
7
-
health
20
18
53
-
pensions
66
60
176
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
54
-
other
25
23
83
-
total
152
137
433
-
Corporate
1 573
1 633
1 770
-
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.

393
408
443
-
total
393
408
443
-
Dividends
1 180
1 225
-
-
withholding
324
337
-
-
total
324
337
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 011
1 004
1 653
1 092
After tax
1 239
1 246
597
1 158
Living cost
384
384
384
384
Free-cash
855
862
213
774

Estimated living cost  is $384 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1986
$1649
$2077
$1958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
189
-
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%.

2 061
2 250
-
-
total
-
-
-
-
Dividends
2 061
2 250
-
-
withholding
103
113
-
-
total
103
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
141
113
450
22
After tax
2 109
2 137
1 800
2 228
Living cost
151
151
151
151
Free-cash
1 958
1 986
1 649
2 077

Estimated living cost  is $151 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$1227
$709
$770
$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

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
income
-
-
-
522
unemployment
-
-
-
3
health
-
-
-
221
pensions
-
-
-
411
total
-
-
-
1 157
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.

532
-
1 947
-
unemployment
1
-
3
-
pensions
82
-
302
-
income
92
-
484
-
health
34
-
126
-
total
209
-
915
-
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.

532
-
1 947
-
health
35
-
130
-
pensions
47
-
172
-
unemployment
-
-
1
-
total
82
-
303
-
Corporate
1 635
2 250
-
-
income
311
427
-
-
total
311
427
-
-
Dividends
1 325
1 823
-
-
withholding
199
273
-
-
total
199
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
801
700
1 218
1 157
After tax
1 449
1 550
1 032
1 093
Living cost
323
323
323
323
Free-cash
1 126
1 227
709
770

Estimated living cost  is $323 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$842
$1562
$1028
$260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
439
social contributions
-
-
-
256
total
-
-
-
695
Employee
755
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
755
-
-
-
social contributions
1 065
-
152
-
total
1 065
-
152
-
Corporate
430
2 250
-
-
income
95
495
-
-
total
95
495
-
-
Dividends
336
1 755
-
-
income
74
386
-
-
total
74
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 463
881
161
695
After tax
787
1 369
2 089
1 555
Living cost
527
527
527
527
Free-cash
260
842
1 562
1 028

Estimated living cost  is $527 per week

$342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$903
$649
$819
$891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
272
surtax
-
-
-
-
social contributions

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

-
-
-
782
total
-
-
-
1 054
Employee
553
-
1 818
-
surtax
-
-
-
-
social contributions
61
-
200
-
income
115
-
592
-
total
176
-
792
-
Employer
553
-
1 818
-
social contributions
131
-
432
-
total
131
-
432
-
Corporate
1 566
2 250
-
-
income
329
472
-
-
surtax
-
-
-
-
total
329
472
-
-
Dividends
1 237
1 778
-
-
withholding
346
498
-
-
total
346
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
982
970
1 224
1 054
After tax
1 268
1 280
1 026
1 196
Living cost
377
377
377
377
Free-cash
891
903
649
819

Estimated living cost  is $377 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$553
$642
$685
$636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
362
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
99
pensions
-
-
-
389
total
-
-
-
984
Employee
753
-
1 736
-
pensions
85
-
123
-
surtax
-
-
-
-
social contributions
21
-
49
-
income
66
-
342
-
total
172
-
514
-
Employer
753
-
1 736
-
health
53
-
163
-
pensions
124
-
206
-
unemployment
31
-
70
-
social contributions
2
-
5
-
other
26
-
69
-
total
236
-
513
-
Corporate
1 262
2 250
-
-
income
353
630
-
-
surtax
-
-
-
-
total
353
630
-
-
Dividends
908
1 620
-
-
surtax
-
-
-
-
social contributions
156
279
-
-
withholding
116
207
-
-
total
272
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 033
1 116
1 027
984
After tax
1 217
1 134
1 223
1 266
Living cost
581
581
581
581
Free-cash
636
553
642
685

Estimated living cost  is $581 per week

$393
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.
$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.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1664
$1350
$1292
$1624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
102
social contributions
-
-
-
495
total
-
-
-
597
Employee
387
-
1 948
-
income
-
-
109
-
social contributions
25
-
127
-
total
25
-
236
-
Employer
387
-
1 948
-
social contributions
60
-
302
-
total
60
-
302
-
Corporate
1 803
2 250
-
-
income
180
225
-
-
total
180
225
-
-
Dividends
1 623
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
265
225
538
597
After tax
1 985
2 025
1 712
1 653
Living cost
362
362
362
362
Free-cash
1 624
1 664
1 350
1 292

Estimated living cost  is $362 per week

$234
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$367
-$367
$741
-$367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
labour market
-
-
-
179
municipal
-
-
-
473
national
-
-
-
268
pensions
-
-
-
10
total
-
-
-
930
Employee
2 443
2 443
2 443
-
municipal
520
520
520
-
labour market
195
195
195
-
pensions
3
3
3
-
national
298
298
298
-
total
1 016
1 016
1 016
-
Employer
2 443
2 443
2 443
-
national
299
299
299
-
labour market
195
195
195
-
pensions
7
7
7
-
municipal
521
521
521
-
total
1 022
1 022
1 022
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
2 038
2 038
2 038
930
After tax
212
212
212
1 320
Living cost
579
579
579
579
Free-cash
-367
-367
-367
741

Estimated living cost  is $579 per week

$396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$82
$961
$1273
$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
accident
-
-
-
3
income
-
-
-
627
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
713
Employee
415
-
2 032
-
pensions
47
-
93
-
income
57
-
481
-
health
48
-
233
-
total
152
-
807
-
Employer
415
-
2 032
-
pensions
68
-
134
-
accident
7
-
34
-
unemployment
10
-
50
-
total
85
-
218
-
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
1 025
713
After tax
405
182
1 225
1 537
Living cost
264
264
264
264
Free-cash
141
-82
961
1 273

Estimated living cost  is $264 per week

$192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$940
$711
$969
$972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
health
-
-
-
30
municipal
-
-
-
400
national
-
-
-
389
total
-
-
-
819
Employee
633
-
1 893
-
municipal
104
-
308
-
unemployment
9
-
28
-
pensions
43
-
128
-
national
10
-
232
-
health
5
-
24
-
total
171
-
720
-
Employer
633
-
1 893
-
health
5
-
15
-
pensions
110
-
328
-
accident
1
-
2
-
unemployment
4
-
12
-
total
120
-
357
-
Corporate
1 498
2 250
-
-
income
300
450
-
-
total
300
450
-
-
Dividends

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

899
1 350
-
-
municipal
162
243
-
-
national
63
155
-
-
total
225
398
-
-
Income
2 250
2 250
2 250
2 250
Total tax
816
848
1 077
819
After tax
1 434
1 402
1 173
1 431
Living cost
462
462
462
462
Free-cash
972
940
711
969

Estimated living cost  is $462 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1362
$1233
$1253
$1297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
467
social contributions
-
-
-
195
health
-
-
-
57
total
-
-
-
719
Employee
925
925
2 108
-
social contributions
35
77
104
-
income
101
86
456
-
health
7
16
36
-
total
143
179
596
-
Employer
925
925
2 108
-
health
8
17
39
-
social contributions
35
77
104
-
total
43
94
143
-
Corporate
1 786
1 231
-
-
income
223
154
-
-
total
223
154
-
-
Dividends
1 563
1 077
-
-
withholding
266
183
-
-
total
266
183
-
-
Income
2 250
2 250
2 250
2 250
Total tax
675
610
739
719
After tax
1 575
1 640
1 511
1 531
Living cost
278
278
278
278
Free-cash
1 297
1 362
1 233
1 253

Estimated living cost  is $278 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1673
$1467
$1709
$1613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
230
unemployment
-
-
-
-
health
-
-
-
44
pensions
-
-
-
76
total
-
-
-
350
Employee

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

276
-
2 132
-
unemployment
1
-
6
-
pensions
41
-
171
-
income
19
-
200
-
health
23
-
97
-
total
84
-
474
-
Employer

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

276
-
2 132
-
health
12
-
49
-
pensions
15
-
63
-
unemployment
1
-
6
-
total
28
-
118
-
Corporate
1 946
2 250
-
-
income
175
202
-
-
total
175
202
-
-
Dividends
1 770
2 048
-
-
withholding
159
184
-
-
total
159
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
446
386
592
350
After tax
1 804
1 864
1 658
1 900
Living cost
191
191
191
191
Free-cash
1 613
1 673
1 467
1 709

Estimated living cost  is $191 per week

$122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$1167
$881
$931
$1113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
10
income
-
-
-
654
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
988
Employee
445
-
1 895
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
86
-
613
-
total
114
-
683
-
Employer
445
-
1 895
-
pensions
105
-
263
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
142
-
355
-
Corporate
1 664
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.

250
338
-
-
total
250
338
-
-
Dividends
1 414
1 912
-
-
withholding
300
414
-
-
total
300
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
806
752
1 038
988
After tax
1 444
1 498
1 212
1 262
Living cost
331
331
331
331
Free-cash
1 113
1 167
881
931

Estimated living cost  is $331 per week

$223
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1381
$1424
$1426
$1378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
772
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
801
Employee
35
-
2 231
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
771
-
health
2
-
4
-
total
12
-
784
-
Employer
35
-
2 231
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
2 207
2 250
-
-
income
485
495
-
-
total
485
495
-
-
Dividends
1 721
1 755
-
-
withholding
344
351
-
-
total
344
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
849
846
803
801
After tax
1 401
1 404
1 447
1 449
Living cost
23
23
23
23
Free-cash
1 378
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
$1418
$1193
$1194
$1359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
512
unemployment
-
-
-
13
health
-
-
-
92
pensions
-
-
-
231
total
-
-
-
848
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.

314
-
2 091
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
512
-
health
16
-
46
-
total
105
-
689
-
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.

314
-
2 091
-
health
16
-
46
-
pensions
38
-
107
-
unemployment
2
-
7
-
total
56
-
160
-
Corporate
1 880
2 250
-
-
income
282
337
-
-
total
282
337
-
-
Dividends
1 598
1 913
-
-
withholding
240
287
-
-
total
240
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
683
624
849
848
After tax
1 567
1 626
1 401
1 402
Living cost
208
208
208
208
Free-cash
1 359
1 418
1 193
1 194

Estimated living cost  is $208 per week

$140
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$956
$702
$872
$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

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
income
-
-
-
272
surtax
-
-
-
-
social contributions

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

-
-
-
782
total
-
-
-
1 054
Employee
467
-
1 818
-
surtax
-
-
-
-
social contributions
51
-
200
-
income
91
-
592
-
total
142
-
792
-
Employer
467
-
1 818
-
social contributions
111
-
432
-
total
111
-
432
-
Corporate
1 672
2 250
-
-
income
351
472
-
-
surtax
-
-
-
-
total
351
472
-
-
Dividends
1 321
1 778
-
-
withholding
370
498
-
-
total
370
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
974
970
1 224
1 054
After tax
1 276
1 280
1 026
1 196
Living cost
324
324
324
324
Free-cash
952
956
702
872

Estimated living cost  is $324 per week

$230
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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1075
$789
$839
$995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
accident
-
-
-
10
income
-
-
-
654
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
988
Employee
581
-
1 895
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
613
-
total
158
-
683
-
Employer
581
-
1 895
-
pensions
137
-
263
-
accident
12
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
186
-
355
-
Corporate
1 484
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.

223
338
-
-
total
223
338
-
-
Dividends
1 261
1 912
-
-
withholding
265
414
-
-
total
265
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
832
752
1 038
988
After tax
1 418
1 498
1 212
1 262
Living cost
423
423
423
423
Free-cash
995
1 075
789
839

Estimated living cost  is $423 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1717
$1682
$1593
$1643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
338
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
450
Employee
274
-
2 168
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
217
-
health
13
-
19
-
total
67
-
278
-
Employer
274
-
2 168
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 922
2 250
-
-
income
192
225
-
-
total
192
225
-
-
Dividends
1 730
2 025
-
-
withholding
87
101
-
-
total
87
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
400
326
361
450
After tax
1 850
1 924
1 889
1 800
Living cost
207
207
207
207
Free-cash
1 643
1 717
1 682
1 593

Estimated living cost  is $207 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$693
$955
$712
$850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
710
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
health

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

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

-
-
-
82
trade
-
-
-
243
total
-
-
-
1 074
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.

49
-
710
-
health

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

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

82
-
82
-
total
134
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 652
2 250
-
-
income
248
338
-
-
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
-
-
chamber of commerce
4
5
-
-
trade
237
323
-
-
total
503
685
-
-
Dividends
1 149
1 566
-
-
surtax

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

16
21
-
-
withholding
283
387
-
-
total
299
408
-
-
Income
2 250
2 250
2 250
2 250
Total tax
936
1 093
831
1 074
After tax
1 314
1 157
1 419
1 176
Living cost
464
464
464
464
Free-cash
850
693
955
712

Estimated living cost  is $464 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$890
$486
$486
$916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
701
social contributions
-
-
-
378
total
-
-
-
1 079
Employee
941
-
2 250
-
income
178
-
701
-
social contributions
78
-
378
-
total
256
-
1 079
-
Employer
941
-
2 250
-
total
-
-
-
-
Corporate
1 309
2 250
-
-
income
164
281
-
-
total
164
281
-
-
Dividends
1 146
1 969
-
-
withholding
229
394
-
-
total
229
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
649
675
1 079
1 079
After tax
1 601
1 575
1 171
1 171
Living cost
685
685
685
685
Free-cash
916
890
486
486

Estimated living cost  is $685 per week

$521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$961
$1155
$1399
$1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 250
income
-
-
-
342
health

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

-
-
-
72
total
-
-
-
414
Employee
552
-
2 195
-
income
60
-
548
-
social contributions
55
-
55
-
total
115
-
603
-
Employer
552
-
2 195
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 643
2 250
-
-
income
575
788
-
-
total
575
788
-
-
Dividends
1 068
1 462
-
-
social contributions
64
64
-
-
total
64
64
-
-
Income
2 250
2 250
2 250
2 250
Total tax
809
852
658
414
After tax
1 441
1 398
1 592
1 836
Living cost
437
437
437
437
Free-cash
1 004
961
1 155
1 399

Estimated living cost  is $437 per week

$288
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$1014
$834
$1038
$1084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
659
pensions
-
-
-
110
total
-
-
-
769
Employee
608
-
1 964
-
pensions
46
-
135
-
income
111
-
524
-
health
8
-
28
-
total
165
-
687
-
Employer
608
-
1 964
-
health
12
-
37
-
pensions
61
-
249
-
total
73
-
286
-
Corporate
1 569
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.

298
427
-
-
total
298
427
-
-
Dividends
1 271
1 823
-
-
withholding
187
366
-
-
total
187
366
-
-
Income
2 250
2 250
2 250
2 250
Total tax
723
793
973
769
After tax
1 527
1 457
1 277
1 481
Living cost
443
443
443
443
Free-cash
1 084
1 014
834
1 038

Estimated living cost  is $443 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$108
$935
$1247
$139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
3
income
-
-
-
627
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
713
Employee
457
-
2 032
-
pensions
51
-
93
-
income
63
-
481
-
health
52
-
233
-
total
166
-
807
-
Employer
457
-
2 032
-
pensions
74
-
134
-
accident
8
-
34
-
unemployment
11
-
50
-
total
93
-
218
-
Corporate
1 700
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.

1 530
2 025
-
-
total
1 530
2 025
-
-
Dividends
170
225
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 821
2 068
1 025
713
After tax
429
182
1 225
1 537
Living cost
290
290
290
290
Free-cash
139
-108
935
1 247

Estimated living cost  is $290 per week

$213
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
$1559
$1450
$1186
$1675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
income
-
-
-
373
unemployment
-
-
-
23
work injury
-
-
-
10
health insurance
-
-
-
142
pensions
-
-
-
354
total
-
-
-
902
Employee

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

260
-
2 250
-
health insurance
19
-
71
-
unemployment
3
-
12
-
work injury
1
-
5
-
pensions
48
-
177
-
income
26
-
373
-
total
97
-
638
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 990
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
1 970
2 025
-
-
withholding
296
304
-
-
total
296
304
-
-
Income
2 250
2 250
2 250
2 250
Total tax
413
529
638
902
After tax
1 837
1 721
1 612
1 348
Living cost
162
162
162
162
Free-cash
1 675
1 559
1 450
1 186

Estimated living cost  is $162 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$707
$463
$561
$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
social contributions
-
-
-
579
regional
-
-
-
52
municipal
-
-
-
15
national
-
-
-
564
total
-
-
-
1 210
Employee
1 013
-
2 250
-
municipal
6
-
13
-
national
171
-
490
-
regional
15
-
46
-
social contributions
342
-
759
-
total
534
-
1 308
-
Employer
1 013
-
2 250
-
total
-
-
-
-
Corporate
1 237
2 250
-
-
municipal
60
108
-
-
nationa
297
540
-
-
total
357
648
-
-
Dividends
880
1 602
-
-
withholding
229
416
-
-
total
229
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 120
1 064
1 308
1 210
After tax
1 130
1 186
942
1 040
Living cost
479
479
479
479
Free-cash
651
707
463
561

Estimated living cost  is $479 per week

$337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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