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

Valencia , Spain
$910
$956
$1193
$1146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
685
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
289
other
-
-
-
1
total
-
-
-
991
Employee
407
-
1 925
-
other
-
-
1
-
income
78
-
647
-
unemployment
6
-
16
-
pensions
19
-
48
-
total
103
-
712
-
Employer
407
-
1 925
-
unemployment
22
-
56
-
pensions
96
-
241
-
other
3
-
8
-
accident
8
-
20
-
total
129
-
325
-
Corporate
1 713
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.

257
338
-
-
total
257
338
-
-
Dividends
1 456
1 912
-
-
withholding
312
416
-
-
total
312
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
801
754
1 037
991
After tax
1 449
1 496
1 213
1 259
Living cost
303
303
303
303
Free-cash
1 146
1 193
910
956

Estimated living cost  is $303 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Bratislava , Slovakia
$1005
$1025
$1361
$1285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
377
health
-
-
-
74
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.

-
-
-
402
other
-
-
-
79
total
-
-
-
932
Employee
400
-
1 827
-
income
69
-
371
-
health
6
-
23
-
unemployment
4
-
17
-
pensions

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

28
-
117
-
total
107
-
528
-
Employer
400
-
1 827
-
unemployment
4
-
17
-
pensions

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

68
-
285
-
other
20
-
84
-
accident
3
-
15
-
health
6
-
23
-
total
101
-
424
-
Corporate
1 750
2 250
-
-
income
367
472
-
-
total
367
472
-
-
Dividends
1 382
1 778
-
-
withholding
97
124
-
-
total
97
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
672
596
952
932
After tax
1 578
1 654
1 298
1 318
Living cost
293
293
293
293
Free-cash
1 285
1 361
1 005
1 025

Estimated living cost  is $293 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$1758
$1666
$1780
$1729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
337
health
-
-
-
44
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
440
Employee
191
-
2 175
-
income
19
-
217
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
273
-
Employer
191
-
2 175
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
75
-
Corporate
2 022
2 250
-
-
income
202
225
-
-
total
202
225
-
-
Dividends
1 819
2 025
-
-
withholding
91
101
-
-
total
91
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
377
326
348
440
After tax
1 873
1 924
1 902
1 810
Living cost
144
144
144
144
Free-cash
1 729
1 780
1 758
1 666

Estimated living cost  is $144 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Nice , France
$823
$873
$757
$824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
389
social contributions
-
-
-
64
health
-
-
-
105
surtax
-
-
-
-
pensions
-
-
-
372
other
-
-
-
70
total
-
-
-
1 000
Employee
471
-
1 726
-
income
28
-
351
-
social contributions
13
-
49
-
surtax
-
-
-
-
pensions
53
-
126
-
total
94
-
526
-
Employer
471
-
1 726
-
unemployment
19
-
70
-
social contributions
1
-
5
-
pensions
77
-
212
-
other
16
-
70
-
health
33
-
167
-
total
146
-
524
-
Corporate
1 632
2 250
-
-
income
457
630
-
-
surtax
-
-
-
-
total
457
630
-
-
Dividends
1 175
1 620
-
-
withholding
150
207
-
-
surtax
-
-
-
-
social contributions
202
279
-
-
total
352
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 049
1 116
1 050
1 000
After tax
1 201
1 134
1 200
1 250
Living cost
377
377
377
377
Free-cash
824
757
823
873

Estimated living cost  is $377 per week

$237
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.
$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
Rotterdam , Netherlands
$979
$759
$658
$591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
765
health
-
-
-
136
pensions
-
-
-
129
total
-
-
-
1 030
Employee
940
940
2 045
-
income

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

154
154
341
-
health
144
123
136
-
pensions
169
129
129
-
total
467
406
606
-
Employer
940
940
2 045
-
unemployment
34
34
42
-
pensions
65
65
81
-
health
65
65
81
-
total
164
164
204
-
Corporate
1 157
1 146
-
-
income
231
229
-
-
total
231
229
-
-
Dividends
926
916
-
-
withholding
139
137
-
-
income
197
195
-
-
total
336
332
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 198
1 131
810
1 030
After tax
1 052
1 119
1 440
1 220
Living cost
461
461
461
461
Free-cash
591
658
979
759

Estimated living cost  is $461 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$1072
$798
$801
$923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
730
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.

-
-
-
75
trade
-
-
-
274
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.

-
-
-
40
total
-
-
-
1 119
Employee

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

421
-
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.

12
-
730
-
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.

75
-
75
-
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
-
40
-
total
88
-
845
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 829
2 250
-
-
chamber of commerce
4
5
-
-
income
274
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
-
-
trade
288
354
-
-
total
581
716
-
-
Dividends
1 247
1 535
-
-
withholding
308
379
-
-
surtax

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

17
21
-
-
total
325
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
994
1 116
845
1 119
After tax
1 256
1 134
1 405
1 131
Living cost
333
333
333
333
Free-cash
923
801
1 072
798

Estimated living cost  is $333 per week

$210
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Larnaca , Cyprus
$1248
$1268
$1386
$1325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
492
social contributions
-
-
-
178
health
-
-
-
57
total
-
-
-
727
Employee
846
846
2 116
-
income
92
78
482
-
social contributions
32
70
95
-
health
7
14
36
-
total
131
162
613
-
Employer
846
846
2 116
-
social contributions
32
70
95
-
health
7
16
39
-
total
39
86
134
-
Corporate
1 825
1 318
-
-
income
228
165
-
-
total
228
165
-
-
Dividends
1 597
1 153
-
-
withholding
272
196
-
-
total
272
196
-
-
Income
2 250
2 250
2 250
2 250
Total tax
670
609
747
727
After tax
1 580
1 641
1 503
1 523
Living cost
255
255
255
255
Free-cash
1 325
1 386
1 248
1 268

Estimated living cost  is $255 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
$669
$840
$935
$924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
social contributions

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

-
-
-
782
surtax
-
-
-
-
total
-
-
-
1 065
Employee
506
-
1 818
-
income
105
-
604
-
social contributions
56
-
200
-
surtax
-
-
-
-
total
161
-
804
-
Employer
506
-
1 818
-
social contributions
120
-
432
-
total
120
-
432
-
Corporate
1 624
2 250
-
-
income
341
472
-
-
surtax
-
-
-
-
total
341
472
-
-
Dividends
1 283
1 778
-
-
withholding
359
498
-
-
total
359
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
981
970
1 236
1 065
After tax
1 269
1 280
1 014
1 185
Living cost
345
345
345
345
Free-cash
924
935
669
840

Estimated living cost  is $345 per week

$258
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.
$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
Batumi , Georgia
$1718
$2145
$2055
$2040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
103
-
2 250
-
income
21
-
450
-
total
21
-
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%.

2 147
2 250
-
-
total
-
-
-
-
Dividends
2 147
2 250
-
-
withholding
107
113
-
-
total
107
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
128
113
450
23
After tax
2 122
2 137
1 800
2 227
Living cost
82
82
82
82
Free-cash
2 040
2 055
1 718
2 145

Estimated living cost  is $82 per week

$51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Ljubljana , Slovenia
$724
$774
$1254
$1163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
546
health
-
-
-
221
unemployment
-
-
-
3
pensions
-
-
-
411
total
-
-
-
1 181
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.

487
-
1 947
-
income
84
-
497
-
health
31
-
126
-
unemployment
1
-
3
-
pensions
75
-
302
-
total
191
-
928
-
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.

487
-
1 947
-
unemployment
-
-
1
-
pensions
43
-
172
-
health
32
-
130
-
total
75
-
303
-
Corporate
1 688
2 250
-
-
income
321
428
-
-
total
321
428
-
-
Dividends
1 367
1 822
-
-
withholding
205
273
-
-
total
205
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
792
701
1 231
1 181
After tax
1 458
1 549
1 019
1 069
Living cost
295
295
295
295
Free-cash
1 163
1 254
724
774

Estimated living cost  is $295 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Sliema , Malta
$1180
$1440
$1004
$1042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
338
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
-
-
-
410
Employee
505
-
2 199
-
social contributions
51
-
51
-
income
55
-
568
-
total
106
-
619
-
Employer
505
-
2 199
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
1 695
2 250
-
-
income
593
788
-
-
total
593
788
-
-
Dividends
1 101
1 462
-
-
social contributions
58
58
-
-
total
58
58
-
-
Income
2 250
2 250
2 250
2 250
Total tax
808
846
670
410
After tax
1 442
1 404
1 580
1 840
Living cost
400
400
400
400
Free-cash
1 042
1 004
1 180
1 440

Estimated living cost  is $400 per week

$263
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$1157
$1212
$1140
$1147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
310
health
-
-
-
157
total
-
-
-
805
Employee
373
-
2 250
-
income
62
-
393
-
social contributions
51
-
310
-
health
26
-
157
-
total
139
-
860
-
Employer
373
-
2 250
-
total
-
-
-
-
Corporate
1 877
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%.

94
112
-
-
total
94
112
-
-
Dividends
1 783
2 138
-
-
withholding
267
321
-
-
health
124
149
-
-
social contributions
246
295
-
-
total
637
765
-
-
Income
2 250
2 250
2 250
2 250
Total tax
870
877
860
805
After tax
1 380
1 373
1 390
1 445
Living cost
233
233
233
233
Free-cash
1 147
1 140
1 157
1 212

Estimated living cost  is $233 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$928
$1025
$1248
$1140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
social contributions
-
-
-
353
solidarity contribution
-
-
-
27
health
-
-
-
304
total
-
-
-
923
Employee
444
-
1 787
-
solidarity contribution
-
-
18
-
income
53
-
220
-
social contributions
29
-
78
-
health
60
-
241
-
total
142
-
557
-
Employer
444
-
1 787
-
social contributions
111
-
302
-
health
40
-
161
-
total
151
-
463
-
Corporate
1 655
2 250
-
-
income
314
427
-
-
total
314
427
-
-
Dividends
1 341
1 823
-
-
withholding
201
273
-
-
total
201
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
808
700
1 020
923
After tax
1 442
1 550
1 230
1 327
Living cost
302
302
302
302
Free-cash
1 140
1 248
928
1 025

Estimated living cost  is $302 per week

$225
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$1672
$2099
$2009
$1986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
161
-
2 250
-
income
32
-
450
-
total
32
-
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%.

2 089
2 250
-
-
total
-
-
-
-
Dividends
2 089
2 250
-
-
withholding
104
113
-
-
total
104
113
-
-
Income
2 250
2 250
2 250
2 250
Total tax
136
113
450
23
After tax
2 114
2 137
1 800
2 227
Living cost
128
128
128
128
Free-cash
1 986
2 009
1 672
2 099

Estimated living cost  is $128 per week

$87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
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.
$32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Paris , France
$668
$718
$602
$677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
389
social contributions
-
-
-
64
health
-
-
-
105
surtax
-
-
-
-
pensions
-
-
-
372
other
-
-
-
70
total
-
-
-
1 000
Employee
689
-
1 726
-
income
60
-
351
-
social contributions
20
-
49
-
surtax
-
-
-
-
pensions
78
-
126
-
total
158
-
526
-
Employer
689
-
1 726
-
unemployment
28
-
70
-
social contributions
2
-
5
-
pensions
113
-
212
-
other
24
-
70
-
health
48
-
167
-
total
215
-
524
-
Corporate
1 345
2 250
-
-
income
377
630
-
-
surtax
-
-
-
-
total
377
630
-
-
Dividends
969
1 620
-
-
withholding
124
207
-
-
surtax
-
-
-
-
social contributions
167
279
-
-
total
291
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 041
1 116
1 050
1 000
After tax
1 209
1 134
1 200
1 250
Living cost
532
532
532
532
Free-cash
677
602
668
718

Estimated living cost  is $532 per week

$360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$1237
$1237
$1436
$1382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
517
health
-
-
-
83
unemployment
-
-
-
12
pensions
-
-
-
211
total
-
-
-
823
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.

286
-
2 105
-
income
39
-
517
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
113
-
total
96
-
678
-
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.

286
-
2 105
-
unemployment
2
-
6
-
pensions
34
-
97
-
health
15
-
42
-
total
51
-
145
-
Corporate
1 913
2 250
-
-
income
287
337
-
-
total
287
337
-
-
Dividends
1 626
1 913
-
-
withholding
244
287
-
-
total
244
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
678
624
823
823
After tax
1 572
1 626
1 427
1 427
Living cost
190
190
190
190
Free-cash
1 382
1 436
1 237
1 237

Estimated living cost  is $190 per week

$128
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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$931
$1015
$259
$587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
regional
-
-
-
126
national
-
-
-
58
health
-
-
-
5
city
-
-
-
24
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
pensions
-
-
-
207
total
-
-
-
465
Employee
902
-
2 025
-
regional
30
-
112
-
city
10
-
22
-
health
2
-
5
-
unemployment
-
-
-
-
national
4
-
48
-
pensions
76
-
158
-
total
122
-
345
-
Employer
902
-
2 025
-
unemployment
-
-
-
-
pensions
76
-
158
-
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.

18
-
41
-
health
2
-
5
-
total
96
-
204
-
Corporate
1 243
2 250
-
-
regional
263
476
-
-
national
106
191
-
-
total
369
667
-
-
Dividends
874
1 583
-
-
withholding
306
554
-
-
total
306
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
893
1 221
549
465
After tax
1 357
1 029
1 701
1 785
Living cost
770
770
770
770
Free-cash
587
259
931
1 015

Estimated living cost  is $770 per week

$501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
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.
$191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
$725
$983
$968
$1001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
municipal
-
-
-
400
national
-
-
-
414
health
-
-
-
30
total
-
-
-
844
Employee
579
-
1 893
-
health
4
-
25
-
unemployment
9
-
28
-
national
10
-
256
-
municipal
95
-
308
-
pensions
39
-
128
-
total
157
-
745
-
Employer
579
-
1 893
-
unemployment
4
-
12
-
pensions
100
-
328
-
accident
1
-
2
-
health
4
-
15
-
total
109
-
357
-
Corporate
1 562
2 250
-
-
income
312
450
-
-
total
312
450
-
-
Dividends

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

937
1 350
-
-
national
79
166
-
-
municipal
169
243
-
-
total
248
409
-
-
Income
2 250
2 250
2 250
2 250
Total tax
826
859
1 102
844
After tax
1 424
1 391
1 148
1 406
Living cost
423
423
423
423
Free-cash
1 001
968
725
983

Estimated living cost  is $423 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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.

Brussels , Belgium
$374
$576
$846
$692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
880
social contributions
-
-
-
274
communal

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

-
-
-
119
total
-
-
-
1 273
Employee

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

787
-
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.

37
-
82
-
communal

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

41
-
91
-
unemployment

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

7
-
15
-
national
242
-
649
-
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.

59
-
131
-
total
386
-
968
-
Employer

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

787
-
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.

11
-
25
-
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.

70
-
154
-
surtax
89
-
198
-
accident

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

10
-
23
-
health

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

48
-
107
-
total
228
-
507
-
Corporate
1 234
2 250
-
-
income
247
465
-
-
surtax
5
9
-
-
total
252
474
-
-
Dividends
982
1 776
-
-
withholding

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

291
529
-
-
total
291
529
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 157
1 003
1 475
1 273
After tax
1 093
1 247
775
977
Living cost
401
401
401
401
Free-cash
692
846
374
576

Estimated living cost  is $401 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$676
$687
$776
$765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
municipal
-
-
-
585
national
-
-
-
238
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
107
other
-
-
-
115
total
-
-
-
1 110
Employee
645
-
1 938
-
national
-
-
232
-
municipal
192
-
578
-
total
192
-
810
-
Employer
645
-
1 938
-
unemployment
17
-
26
-
pensions
70
-
107
-
other
75
-
115
-
accident
1
-
2
-
health
40
-
61
-
total
203
-
311
-
Corporate
1 402
2 250
-
-
income
309
495
-
-
total
309
495
-
-
Dividends
1 094
1 755
-
-
withholding
328
526
-
-
total
328
526
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 032
1 021
1 121
1 110
After tax
1 218
1 229
1 129
1 140
Living cost
453
453
453
453
Free-cash
765
776
676
687

Estimated living cost  is $453 per week

$300
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
$1595
$1052
$867
$313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
257
total
-
-
-
696
Employee
720
-
-
-
income
159
-
-
-
social contributions
59
-
8
-
total
218
-
8
-
Employer
720
-
-
-
social contributions
1 016
-
145
-
total
1 016
-
145
-
Corporate
514
2 250
-
-
income
113
495
-
-
total
113
495
-
-
Dividends
401
1 755
-
-
income
88
386
-
-
total
88
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 435
881
153
696
After tax
815
1 369
2 097
1 554
Living cost
502
502
502
502
Free-cash
313
867
1 595
1 052

Estimated living cost  is $502 per week

$326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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
Limassol , Cyprus
$1146
$1166
$1284
$1238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
492
social contributions
-
-
-
178
health
-
-
-
57
total
-
-
-
727
Employee
846
846
2 116
-
income
89
78
482
-
social contributions
41
70
95
-
health
8
14
36
-
total
138
162
613
-
Employer
846
846
2 116
-
social contributions
41
70
95
-
health
9
16
39
-
total
50
86
134
-
Corporate
1 704
1 318
-
-
income
213
165
-
-
total
213
165
-
-
Dividends
1 491
1 153
-
-
withholding
254
196
-
-
total
254
196
-
-
Income
2 250
2 250
2 250
2 250
Total tax
655
609
747
727
After tax
1 595
1 641
1 503
1 523
Living cost
357
357
357
357
Free-cash
1 238
1 284
1 146
1 166

Estimated living cost  is $357 per week

$244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$863
$1064
$1033
$1099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
680
pensions
-
-
-
104
total
-
-
-
784
Employee
552
-
1 962
-
income
100
-
545
-
health
7
-
27
-
pensions
42
-
126
-
total
149
-
698
-
Employer
552
-
1 962
-
pensions
56
-
250
-
health
10
-
37
-
total
66
-
287
-
Corporate
1 632
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.

310
428
-
-
total
310
428
-
-
Dividends
1 322
1 822
-
-
withholding
224
387
-
-
total
224
387
-
-
Income
2 250
2 250
2 250
2 250
Total tax
749
815
985
784
After tax
1 501
1 435
1 265
1 466
Living cost
402
402
402
402
Free-cash
1 099
1 033
863
1 064

Estimated living cost  is $402 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
$514
$605
$748
$696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
municipal
-
-
-
15
regional
-
-
-
53
national
-
-
-
588
social contributions
-
-
-
551
total
-
-
-
1 207
Employee
927
-
2 250
-
regional
14
-
47
-
social contributions
313
-
722
-
national
157
-
515
-
municipal
6
-
14
-
total
490
-
1 298
-
Employer
927
-
2 250
-
total
-
-
-
-
Corporate
1 323
2 250
-
-
nationa
317
540
-
-
municipal
64
108
-
-
total
381
648
-
-
Dividends
941
1 602
-
-
withholding
245
416
-
-
total
245
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 116
1 064
1 298
1 207
After tax
1 134
1 186
952
1 043
Living cost
438
438
438
438
Free-cash
696
748
514
605

Estimated living cost  is $438 per week

$308
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.
$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
Gdansk , Poland
$1007
$1305
-$48
$147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
44
other
-
-
-
4
total
-
-
-
715
Employee
362
-
2 050
-
income
50
-
499
-
health
41
-
235
-
pensions
41
-
80
-
total
132
-
814
-
Employer
362
-
2 050
-
unemployment
9
-
50
-
pensions
59
-
115
-
accident
6
-
34
-
total
74
-
199
-
Corporate
1 814
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.

1 633
2 025
-
-
total
1 633
2 025
-
-
Dividends
181
225
-
-
withholding
34
43
-
-
total
34
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 873
2 068
1 013
715
After tax
377
182
1 237
1 535
Living cost
230
230
230
230
Free-cash
147
-48
1 007
1 305

Estimated living cost  is $230 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Berlin , Germany
$980
$731
$732
$878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
730
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.

-
-
-
75
trade
-
-
-
249
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.

-
-
-
40
total
-
-
-
1 094
Employee

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

548
-
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.

45
-
730
-
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.

75
-
75
-
surtax

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

2
-
40
-
total
122
-
845
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 702
2 250
-
-
chamber of commerce
4
5
-
-
income
255
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
-
-
trade
244
323
-
-
total
517
685
-
-
Dividends
1 185
1 566
-
-
withholding
292
387
-
-
surtax

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

16
21
-
-
total
308
408
-
-
Income
2 250
2 250
2 250
2 250
Total tax
947
1 093
845
1 094
After tax
1 303
1 157
1 405
1 156
Living cost
425
425
425
425
Free-cash
878
732
980
731

Estimated living cost  is $425 per week

$293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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.

Riga , Latvia
$737
$574
$1571
$1482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
451
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.

-
-
-
422
surtax
-
-
-
574
total
-
-
-
1 447
Employee
322
-
1 742
-
income
57
-
379
-
social contributions

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

35
-
144
-
surtax
-
-
253
-
total
92
-
776
-
Employer
322
-
1 742
-
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.

77
-
316
-
surtax
-
-
192
-
total
77
-
508
-
Corporate
1 851
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%.

370
450
-
-
total
370
450
-
-
Dividends

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

1 481
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
539
450
1 284
1 447
After tax
1 711
1 800
966
803
Living cost
229
229
229
229
Free-cash
1 482
1 571
737
574

Estimated living cost  is $229 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$1227
$1237
$1262
$1238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
692
health
-
-
-
75
pensions
-
-
-
104
total
-
-
-
871
Employee
217
-
2 133
-
income
42
-
687
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
19
-
47
-
total
74
-
765
-
Employer
217
-
2 133
-
unemployment
4
-
10
-
pensions
24
-
57
-
health
21
-
49
-
total
49
-
116
-
Corporate
1 985
2 250
-
-
income
437
495
-
-
total
437
495
-
-
Dividends
1 548
1 755
-
-
withholding
310
351
-
-
total
310
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
870
846
881
871
After tax
1 380
1 404
1 369
1 379
Living cost
142
142
142
142
Free-cash
1 238
1 262
1 227
1 237

Estimated living cost  is $142 per week

$84
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.
$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.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$746
$813
$1168
$1134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
678
health
-
-
-
104
unemployment
-
-
-
3
surtax
-
-
-
111
pensions
-
-
-
294
other
-
-
-
-
total
-
-
-
1 190
Employee
371
-
1 941
-
other
-
-
-
-
income
62
-
612
-
health
9
-
37
-
unemployment
26
-
102
-
surtax
1
-
98
-
pensions
25
-
98
-
total
123
-
947
-
Employer
371
-
1 941
-
unemployment
12
-
47
-
pensions
49
-
196
-
other
-
-
-
-
health
17
-
67
-
total
78
-
310
-
Corporate
1 801
2 250
-
-
income
468
585
-
-
total
468
585
-
-
Dividends
1 333
1 665
-
-
withholding
200
250
-
-
total
200
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
869
835
1 257
1 190
After tax
1 381
1 415
993
1 060
Living cost
247
247
247
247
Free-cash
1 134
1 168
746
813

Estimated living cost  is $247 per week

$149
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$241
$807
$892
$888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
679
chamber of commerce
-
-
-
9
health
-
-
-
98
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
238
total
-
-
-
1 092
Employee
481
439
1 840
-
other
5
4
13
-
income
43
32
564
-
health
19
17
50
-
unemployment
14
13
39
-
pensions
49
45
132
-
total
130
111
798
-
Employer
481
439
1 840
-
unemployment
14
13
39
-
chamber of commerce
2