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
$773
$1055
$788
$904
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.

-
-
-
712
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
-
-
-
267
total
-
-
-
1 100
Employee

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

457
-
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
-
712
-
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
-
833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 793
2 250
-
-
income
269
337
-
-
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
570
715
-
-
Dividends
1 223
1 535
-
-
surtax

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

17
21
-
-
withholding
301
379
-
-
total
318
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
984
1 115
833
1 100
After tax
1 266
1 135
1 417
1 150
Living cost
362
362
362
362
Free-cash
904
773
1 055
788

Estimated living cost  is $362 per week

$227
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

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
$768
$699
$687
$757
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
-
-
-
386
pensions
-
-
-
270
total
-
-
-
927
Employee
985
-
1 945
-
municipal
122
-
255
-
pensions
39
-
78
-
national
189
-
405
-
total
350
-
738
-
Employer
985
-
1 945
-
pensions
79
-
156
-
social contributions
11
-
21
-
total
90
-
177
-
Corporate
1 110
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%.

222
450
-
-
total
222
450
-
-
Dividends
888
1 800
-
-
withholding
195
396
-
-
total
195
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
857
846
915
927
After tax
1 393
1 404
1 335
1 323
Living cost
636
636
636
636
Free-cash
757
768
699
687

Estimated living cost  is $636 per week

$432
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
$1552
$708
$541
$1455
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
-
-
-
430
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.

-
-
-
457
microenterprise
-
-
-
-
total
-
-
-
1 461
Employee
349
-
1 718
-
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.

38
-
156
-
income
62
-
357
-
total
100
-
762
-
Employer
349
-
1 718
-
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.

84
-
343
-
surtax
-
-
189
-
total
84
-
532
-
Corporate
1 817
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.

1 454
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
547
450
1 294
1 461
After tax
1 703
1 800
956
789
Living cost
248
248
248
248
Free-cash
1 455
1 552
708
541

Estimated living cost  is $248 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$616
$922
$732
$543
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
-
-
-
731
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
1 018
Employee
1 019
1 019
2 028
-
pensions
183
140
140
-
income

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

167
167
319
-
health
156
133
147
-
total
506
440
606
-
Employer
1 019
1 019
2 028
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
1 065
1 052
-
-
income
213
210
-
-
total
213
210
-
-
Dividends
852
842
-
-
income
181
179
-
-
withholding
128
126
-
-
total
309
305
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 207
1 134
828
1 018
After tax
1 043
1 116
1 422
1 232
Living cost
500
500
500
500
Free-cash
543
616
922
732

Estimated living cost  is $500 per week

$354
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
$752
$658
$670
$740
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
-
-
-
121
unemployment
-
-
-
1
health
-
-
-
65
municipal
-
-
-
581
national
-
-
-
220
pensions
-
-
-
113
total
-
-
-
1 103
Employee
679
-
1 922
-
municipal
203
-
573
-
national
-
-
214
-
total
203
-
787
-
Employer
679
-
1 922
-
health
42
-
64
-
pensions
73
-
113
-
accident
1
-
2
-
unemployment
18
-
28
-
other
79
-
121
-
total
213
-
328
-
Corporate
1 357
2 250
-
-
income
299
495
-
-
total
299
495
-
-
Dividends
1 058
1 755
-
-
withholding
318
526
-
-
total
318
526
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 033
1 021
1 115
1 103
After tax
1 217
1 229
1 135
1 147
Living cost
477
477
477
477
Free-cash
740
752
658
670

Estimated living cost  is $477 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Stockholm model

Close
Hamburg , Germany
$654
$948
$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.

-
-
-
712
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
-
-
-
279
total
-
-
-
1 112
Employee

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

605
-
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
-
712
-
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
-
833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 645
2 250
-
-
income
247
337
-
-
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
271
370
-
-
total
536
731
-
-
Dividends
1 110
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
273
375
-
-
total
288
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
961
1 127
833
1 112
After tax
1 289
1 123
1 417
1 138
Living cost
469
469
469
469
Free-cash
820
654
948
669

Estimated living cost  is $469 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1254
$1123
$1144
$1204
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
-
-
-
469
social contributions
-
-
-
193
health
-
-
-
57
total
-
-
-
719
Employee
918
918
2 108
-
social contributions
45
76
103
-
income
96
85
459
-
health
9
16
36
-
total
150
177
598
-
Employer
918
918
2 108
-
health
10
17
39
-
social contributions
45
76
103
-
total
55
93
142
-
Corporate
1 658
1 239
-
-
income
207
155
-
-
total
207
155
-
-
Dividends
1 451
1 084
-
-
withholding
247
184
-
-
total
247
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
659
609
740
719
After tax
1 591
1 641
1 510
1 531
Living cost
387
387
387
387
Free-cash
1 204
1 254
1 123
1 144

Estimated living cost  is $387 per week

$265
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
$1049
$1091
$1344
$1054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
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.

309
123
1 883
-
unemployment
5
2
28
-
pensions
31
12
188
-
income
38
15
230
-
health
22
9
132
-
total
96
38
578
-
Employer

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

The minimum wage is 138,000 HUF per month.

309
123
1 883
-
pensions
60
24
367
-
total
60
24
367
-
Corporate
1 881
2 103
-
-
income
169
189
-
-
total
169
189
-
-
Dividends
1 712
1 914
-
-
social contributions
332
372
-
-
withholding
325
364
-
-
total
657
736
-
-
Income
2 250
2 250
2 250
2 250
Total tax
982
987
945
692
After tax
1 268
1 263
1 305
1 558
Living cost
214
214
214
214
Free-cash
1 054
1 049
1 091
1 344

Estimated living cost  is $214 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$1512
$1009
$917
$1438
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
-
-
-
302
health
-
-
-
293
pensions
-
-
-
450
total
-
-
-
1 045
Employee
339
-
1 682
-
unemployment
5
-
27
-
pensions
7
-
34
-
income
38
-
324
-
total
50
-
385
-
Employer
339
-
1 682
-
health
44
-
219
-
pensions
68
-
336
-
unemployment
3
-
13
-
total
115
-
568
-
Corporate
1 797
2 250
-
-
income
359
450
-
-
total
359
450
-
-
Dividends
1 437
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
524
450
953
1 045
After tax
1 726
1 800
1 297
1 205
Living cost
288
288
288
288
Free-cash
1 438
1 512
1 009
917

Estimated living cost  is $288 per week

$198
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
-$85
$960
$1272
$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
-
-
-
628
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
711
Employee
419
-
2 033
-
pensions
47
-
92
-
income
58
-
481
-
health
48
-
233
-
total
153
-
806
-
Employer
419
-
2 033
-
pensions
68
-
133
-
accident
7
-
34
-
unemployment
10
-
50
-
total
85
-
217
-
Corporate
1 745
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.

1 571
2 025
-
-
total
1 571
2 025
-
-
Dividends
175
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 842
2 068
1 023
711
After tax
408
182
1 227
1 539
Living cost
267
267
267
267
Free-cash
141
-85
960
1 272

Estimated living cost  is $267 per week

$195
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
$2042
$1704
$2131
$2024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
120
-
2 250
-
income
24
-
450
-
total
24
-
450
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

2 130
2 250
-
-
total
-
-
-
-
Dividends
2 130
2 250
-
-
withholding
106
112
-
-
total
106
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
130
112
450
23
After tax
2 120
2 138
1 800
2 227
Living cost
96
96
96
96
Free-cash
2 024
2 042
1 704
2 131

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1335
$953
$968
$1255
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
-
-
-
86
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.

-
-
-
436
total
-
-
-
964
Employee
433
-
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.

30
-
126
-
income
75
-
357
-
health
6
-
25
-
total
115
-
526
-
Employer
433
-
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
1 707
2 250
-
-
income
359
473
-
-
total
359
473
-
-
Dividends
1 349
1 777
-
-
withholding
94
124
-
-
total
94
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
677
597
979
964
After tax
1 573
1 653
1 271
1 286
Living cost
318
318
318
318
Free-cash
1 255
1 335
953
968

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
783
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

$598
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
$1768
$1733
$1644
$1713
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
207
-
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
207
-
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
2 002
2 250
-
-
income
200
225
-
-
total
200
225
-
-
Dividends
1 802
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
156
156
156
156
Free-cash
1 713
1 768
1 733
1 644

Estimated living cost  is $156 per week

$91
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
$454
$760
$570
$484
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
-
-
-
731
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
1 018
Employee
1 107
1 019
2 028
-
pensions
140
140
140
-
income

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

167
167
319
-
health
138
133
147
-
total
445
440
606
-
Employer
1 107
1 019
2 028
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
950
1 052
-
-
income
190
210
-
-
total
190
210
-
-
Dividends
760
842
-
-
income
161
179
-
-
withholding
114
126
-
-
total
275
305
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 104
1 134
828
1 018
After tax
1 146
1 116
1 422
1 232
Living cost
662
662
662
662
Free-cash
484
454
760
570

Estimated living cost  is $662 per week

$488
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.
$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.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1256
$901
$997
$1151
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
-
-
-
229
social contributions
-
-
-
421
solidarity contribution
-
-
-
6
health
-
-
-
304
total
-
-
-
960
Employee
430
-
1 733
-
solidarity contribution
-
-
-
-
social contributions
28
-
94
-
income
52
-
211
-
health
58
-
234
-
total
138
-
539
-
Employer
430
-
1 733
-
health
39
-
156
-
social contributions
108
-
361
-
total
147
-
517
-
Corporate
1 673
2 250
-
-
income
318
428
-
-
total
318
428
-
-
Dividends
1 355
1 822
-
-
withholding
203
273
-
-
total
203
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
806
701
1 056
960
After tax
1 444
1 549
1 194
1 290
Living cost
293
293
293
293
Free-cash
1 151
1 256
901
997

Estimated living cost  is $293 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$696
$460
$563
$634
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
1 061
-
2 250
-
municipal
6
-
12
-
national
184
-
491
-
regional
10
-
24
-
social contributions
358
-
759
-
total
558
-
1 286
-
Employer
1 061
-
2 250
-
total
-
-
-
-
Corporate
1 189
2 250
-
-
municipal
46
88
-
-
nationa
285
540
-
-
total
331
628
-
-
Dividends
857
1 622
-
-
withholding
223
422
-
-
total
223
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 112
1 050
1 286
1 183
After tax
1 138
1 200
964
1 067
Living cost
504
504
504
504
Free-cash
634
696
460
563

Estimated living cost  is $504 per week

$351
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.
$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 Milan model

Close
Thessaloniki , Greece
$1152
$728
$800
$1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
649
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 187
Employee
395
-
1 915
-
other
-
-
-
-
unemployment
27
-
111
-
pensions
26
-
106
-
surtax
1
-
89
-
income
66
-
578
-
health
10
-
41
-
total
130
-
925
-
Employer
395
-
1 915
-
health
18
-
72
-
pensions
53
-
212
-
unemployment
13
-
50
-
other
-
-
-
-
total
84
-
334
-
Corporate
1 772
2 250
-
-
income
461
585
-
-
total
461
585
-
-
Dividends
1 311
1 665
-
-
withholding
197
250
-
-
total
197
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 259
1 187
After tax
1 378
1 415
991
1 063
Living cost
263
263
263
263
Free-cash
1 115
1 152
728
800

Estimated living cost  is $263 per week

$161
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$912
$732
$936
$991
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
141
366
-
-
total
141
366
-
-
Income
2 250
2 250
2 250
2 250
Total tax
714
793
973
769
After tax
1 536
1 457
1 277
1 481
Living cost
545
545
545
545
Free-cash
991
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
$87
$769
$871
$490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other

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

-
-
-
45
regional
-
-
-
114
health
-
-
-
5
city
-
-
-
24
national
-
-
-
41
pensions
-
-
-
207
total
-
-
-
436
Employee
1 103
-
2 014
-
unemployment
-
-
-
-
pensions
93
-
169
-
national
5
-
30
-
regional
36
-
98
-
city
12
-
22
-
health
2
-
5
-
total
148
-
324
-
Employer
1 103
-
2 014
-
health
2
-
5
-
pensions
93
-
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
117
-
214
-
Corporate
1 018
2 250
-
-
regional
215
476
-
-
national
87
191
-
-
total
302
667
-
-
Dividends
716
1 583
-
-
withholding
251
554
-
-
total
251
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
818
1 221
538
436
After tax
1 432
1 029
1 712
1 814
Living cost
942
942
942
942
Free-cash
490
87
769
871

Estimated living cost  is $942 per week

$613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$565
$870
$579
$757
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.

-
-
-
712
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
-
-
-
291
total
-
-
-
1 124
Employee

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

717
-
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.

84
-
712
-
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
171
-
833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 533
2 250
-
-
income
230
337
-
-
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
263
386
-
-
total
510
747
-
-
Dividends
1 023
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
251
371
-
-
total
265
391
-
-
Income
2 250
2 250
2 250
2 250
Total tax
946
1 138
833
1 124
After tax
1 304
1 112
1 417
1 126
Living cost
547
547
547
547
Free-cash
757
565
870
579

Estimated living cost  is $547 per week

$399
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
$726
$812
$857
$794
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
-
-
-
364
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
100
pensions
-
-
-
387
total
-
-
-
985
Employee
511
-
1 735
-
pensions
58
-
123
-
surtax
-
-
-
-
social contributions
15
-
49
-
income
30
-
343
-
total
103
-
515
-
Employer
511
-
1 735
-
health
36
-
164
-
pensions
84
-
207
-
unemployment
21
-
70
-
social contributions
2
-
5
-
other
18
-
69
-
total
161
-
515
-
Corporate
1 580
2 250
-
-
income
442
630
-
-
surtax
-
-
-
-
total
442
630
-
-
Dividends
1 137
1 620
-
-
surtax
-
-
-
-
social contributions
196
279
-
-
withholding
146
207
-
-
total
342
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 048
1 116
1 030
985
After tax
1 202
1 134
1 220
1 265
Living cost
408
408
408
408
Free-cash
794
726
812
857

Estimated living cost  is $408 per week

$258
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.
$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 Nice model

Close
Marseille , France
$766
$852
$897
$832
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
-
-
-
364
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
100
pensions
-
-
-
387
total
-
-
-
985
Employee
456
-
1 735
-
pensions
52
-
123
-
surtax
-
-
-
-
social contributions
13
-
49
-
income
24
-
343
-
total
89
-
515
-
Employer
456
-
1 735
-
health
32
-
164
-
pensions
75
-
207
-
unemployment
18
-
70
-
social contributions
1
-
5
-
other
16
-
69
-
total
142
-
515
-
Corporate
1 652
2 250
-
-
income
462
630
-
-
surtax
-
-
-
-
total
462
630
-
-
Dividends
1 189
1 620
-
-
surtax
-
-
-
-
social contributions
205
279
-
-
withholding
152
207
-
-
total
357
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 050
1 116
1 030
985
After tax
1 200
1 134
1 220
1 265
Living cost
368
368
368
368
Free-cash
832
766
852
897

Estimated living cost  is $368 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$1120
$1142
$1193
$1126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
337
social contributions
-
-
-
310
health
-
-
-
157
total
-
-
-
804
Employee
405
-
2 250
-
social contributions
56
-
310
-
income
68
-
388
-
health
28
-
157
-
total
152
-
855
-
Employer
405
-
2 250
-
total
-
-
-
-
Corporate
1 845
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
112
-
-
total
92
112
-
-
Dividends
1 753
2 138
-
-
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
877
855
804
After tax
1 379
1 373
1 395
1 446
Living cost
253
253
253
253
Free-cash
1 126
1 120
1 142
1 193

Estimated living cost  is $253 per week

$169
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$823
$173
$734
$804
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
-
-
-
646
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 095
Employee
597
476
1 816
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
61
49
143
-
income
68
35
526
-
health
23
18
54
-
total
176
121
779
-
Employer
597
476
1 816
-
chamber of commerce
2
2
7
-
health
23
18
53
-
pensions
75
60
175
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
54
-
other
28
23
83
-
total
174
139
434
-
Corporate
1 479
1 635
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.

370
409
443
-
total
370
409
443
-
Dividends
1 110
1 226
-
-
withholding
305
337
-
-
total
305
337
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 025
1 006
1 656
1 095
After tax
1 225
1 244
594
1 155
Living cost
421
421
421
421
Free-cash
804
823
173
734

Estimated living cost  is $421 per week

$281
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$823
$349
$541
$642
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
-
-
-
298
national
-
-
-
859
total
-
-
-
1 274
Employee

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

854
-
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.

64
-
131
-
national
263
-
640
-
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
419
-
959
-
Employer

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

854
-
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.

12
-
25
-
surtax
97
-
198
-
total
249
-
507
-
Corporate
1 148
2 250
-
-
income
230
450
-
-
surtax
5
9
-
-
total
235
459
-
-
Dividends
913
1 791
-
-
withholding

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

270
533
-
-
total
270
533
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 173
992
1 466
1 274
After tax
1 077
1 258
784
976
Living cost
435
435
435
435
Free-cash
642
823
349
541

Estimated living cost  is $435 per week

$280
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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$1068
$780
$830
$985
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
-
-
-
657
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
989
Employee
594
-
1 897
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
616
-
total
163
-
686
-
Employer
594
-
1 897
-
pensions
140
-
261
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
353
-
Corporate
1 466
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.

220
337
-
-
total
220
337
-
-
Dividends
1 246
1 913
-
-
withholding
261
414
-
-
total
261
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
834
751
1 039
989
After tax
1 416
1 499
1 211
1 261
Living cost
431
431
431
431
Free-cash
985
1 068
780
830

Estimated living cost  is $431 per week

$317
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
$656
$537
$447
$500
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
-
-
-
386
surtax
-
-
-
112
health
-
-
-
158
pensions
-
-
-
337
total
-
-
-
1 154
Employee
904
-
2 010
-
pensions
72
-
161
-
surtax
55
-
123
-
income
87
-
451
-
health
40
-
89
-
total
254
-
824
-
Employer
904
-
2 010
-
health
28
-
61
-
pensions
72
-
161
-
accident
8
-
18
-
total
108
-
240
-
Corporate
1 238
2 250
-
-
communal
84
152
-
-
income
186
337
-
-
surtax
13
24
-
-
total
283
513
-
-
Dividends
956
1 737
-
-
income
313
171
-
-
withholding
143
261
-
-
total
456
432
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 101
945
1 064
1 154
After tax
1 149
1 305
1 186
1 096
Living cost
649
649
649
649
Free-cash
500
656
537
447

Estimated living cost  is $649 per week

$487
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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1147
$723
$795
$1110
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
-
-
-
649
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 187
Employee
402
-
1 915
-
other
-
-
-
-
unemployment
28
-
111
-
pensions
27
-
106
-
surtax
1
-
89
-
income
67
-
578
-
health
10
-
41
-
total
133
-
925
-
Employer
402
-
1 915
-
health
18
-
72
-
pensions
54
-
212
-
unemployment
13
-
50
-
other
-
-
-
-
total
85
-
334
-
Corporate
1 763
2 250
-
-
income
458
585
-
-
total
458
585
-
-
Dividends
1 305
1 665
-
-
withholding
196
250
-
-
total
196
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
872
835
1 259
1 187
After tax
1 378
1 415
991
1 063
Living cost
268
268
268
268
Free-cash
1 110
1 147
723
795

Estimated living cost  is $268 per week

$162
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
$860
$636
$738
$834
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
662
-
2 250
-
municipal
4
-
12
-
national
105
-
491
-
regional
9
-
30
-
social contributions
223
-
759
-
total
341
-
1 292
-
Employer
662
-
2 250
-
total
-
-
-
-
Corporate
1 588
2 250
-
-
municipal
79
112
-
-
nationa
381
540
-
-
total
460
652
-
-
Dividends
1 128
1 598
-
-
withholding
293
416
-
-
total
293
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 094
1 068
1 292
1 190
After tax
1 156
1 182
958
1 060
Living cost
322
322
322
322
Free-cash
834
860
636
738

Estimated living cost  is $322 per week

$200
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.
$83
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
$1188
$833
$929
$1059
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
-
-
-
229
social contributions
-
-
-
421
solidarity contribution
-
-
-
6
health
-
-
-
304
total
-
-
-
960
Employee
530
-
1 733
-
solidarity contribution
-
-
-
-
social contributions
34
-
94
-
income
64
-
211
-
health
72
-
234
-
total
170
-
539
-
Employer
530
-
1 733
-
health
48
-
156
-
social contributions
133
-
361
-
total
181
-
517
-
Corporate
1 539
2 250
-
-
income
292
428
-
-
total
292
428
-
-
Dividends
1 247
1 822
-
-
withholding
187
273
-
-
total
187
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
830
701
1 056
960
After tax
1 420
1 549
1 194
1 290
Living cost
361
361
361
361
Free-cash
1 059
1 188
833
929

Estimated living cost  is $361 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$864
$213
$776
$858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
income
-
-
-
646
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
9
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 093
Employee
522
476
1 818
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
53
49
143
-
income
46
35
527
-
health
20
18
54
-
total
140
121
780
-
Employer
522
476
1 818
-
chamber of commerce
2
2
7
-
health
20
18
53
-
pensions
65
60
175
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
55
-
other
25
23
83
-
total
151
137
433
-
Corporate
1 578
1 637
1 772
-
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.

395
409
443
-
total
395
409
443
-
Dividends
1 184
1 228
-
-
withholding
325
338
-
-
total
325
338
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 011
1 005
1 656
1 093
After tax
1 239
1 245
594
1 157
Living cost
381
381
381
381
Free-cash
858
864
213
776

Estimated living cost  is $381 per week

$228
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
$1988
$1650
$2077
$1960
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
187
-
2 250
-
income
37
-
450
-
total
37
-
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%.

2 063
2 250
-
-
total
-
-
-
-
Dividends
2 063
2 250
-
-
withholding
103
112
-
-
total
103
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
140
112
450
23
After tax
2 110
2 138
1 800
2 227
Living cost
150
150
150
150
Free-cash
1 960
1 988
1 650
2 077

Estimated living cost  is $150 per week

$101
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
$1230
$711
$771
$1129
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
-
-
-
524
unemployment
-
-
-
3
health
-
-
-
221
pensions
-
-
-
411
total
-
-
-
1 159
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.

528
-
1 947
-
unemployment
1
-
3
-
pensions
82
-
302
-
income
91
-
485
-
health
34
-
126
-
total
208
-
916
-
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.

528
-
1 947
-
health
35
-
130
-
pensions
47
-
172
-
unemployment
-
-
1
-
total
82
-
303
-
Corporate
1 640
2 250
-
-
income
312
427
-
-
total
312
427
-
-
Dividends
1 328
1 823
-
-
withholding
199
273
-
-
total
199
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
801
700
1 219
1 159
After tax
1 449
1 550
1 031
1 091
Living cost
320
320
320
320
Free-cash
1 129
1 230
711
771

Estimated living cost  is $320 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$859
$1584
$1044
$297
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
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 031
-
147
-
total
1 031
-
147
-
Corporate
488
2 250
-
-
income
107
495
-
-
total
107
495
-
-
Dividends
381
1 755
-
-
income
84
386
-
-
total
84
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 443
881
156
696
After tax
807
1 369
2 094
1 554
Living cost
510
510
510
510
Free-cash
297
859
1 584
1 044

Estimated living cost  is $510 per week

$331
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.
$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.
$125
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
$905
$651
$821
$895
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
-
-
-
273
surtax
-
-
-
-
social contributions

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

-
-
-
782
total
-
-
-
1 055
Employee
549
-
1 818
-
surtax
-
-
-
-
social contributions
60
-
200
-
income
114
-
593
-
total
174
-
793
-
Employer
549
-
1 818
-
social contributions
130
-
432
-
total
130
-
432
-
Corporate
1 571
2 250
-
-
income
330
473
-
-
surtax
-
-
-
-
total
330
473
-
-
Dividends
1 241
1 777
-
-
withholding
347
498
-
-
total
347
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
981
971
1 225
1 055
After tax
1 269
1 279
1 025
1 195
Living cost
374
374
374
374
Free-cash
895
905
651
821

Estimated living cost  is $374 per week

$280
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
$557
$643
$688
$640
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
-
-
-
364
other
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
64
health
-
-
-
100
pensions
-
-
-
387
total
-
-
-
985
Employee
748
-
1 735
-
pensions
85
-
123
-
surtax
-
-
-
-
social contributions
21
-
49
-
income
65
-
343
-
total
171
-
515
-
Employer
748
-
1 735
-
health
52
-
164
-
pensions
123
-
207
-
unemployment
30
-
70
-
social contributions
2
-
5
-
other
26
-
69
-
total
233
-
515
-
Corporate
1 269
2 250
-
-
income
355
630
-
-
surtax
-
-
-
-
total
355
630
-
-
Dividends
914
1 620
-
-
surtax
-
-
-
-
social contributions
157
279
-
-
withholding
117
207
-
-
total
274
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 033
1 116
1 030
985
After tax
1 217
1 134
1 220
1 265
Living cost
577
577
577
577
Free-cash
640
557
643
688

Estimated living cost  is $577 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1666
$1352
$1293
$1626
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
-
-
-
103
social contributions
-
-
-
495
total
-
-
-
598
Employee
384
-
1 948
-
income
-
-
110
-
social contributions
25
-
127
-
total
25
-
237
-
Employer
384
-
1 948
-
social contributions
59
-
302
-
total
59
-
302
-
Corporate
1 807
2 250
-
-
income
181
225
-
-
total
181
225
-
-
Dividends
1 626
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
265
225
539
598
After tax
1 985
2 025
1 711
1 652
Living cost
359
359
359
359
Free-cash
1 626
1 666
1 352
1 293

Estimated living cost  is $359 per week

$232
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.
$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

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
-$350
-$350
$744
-$350
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
-
-
-
269
pensions
-
-
-
10
total
-
-
-
931
Employee
2 426
2 426
2 426
-
municipal
517
517
517
-
labour market
194
194
194
-
pensions
3
3
3
-
national
296
296
296
-
total
1 010
1 010
1 010
-
Employer
2 426
2 426
2 426
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 015
1 015
1 015
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
2 025
2 025
2 025
931
After tax
225
225
225
1 319
Living cost
575
575
575
575
Free-cash
-350
-350
-350
744

Estimated living cost  is $575 per week

$393
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.
$122
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
-$81
$964
$1276
$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
-
-
-
628
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
711
Employee
413
-
2 033
-
pensions
47
-
92
-
income
57
-
481
-
health
47
-
233
-
total
151
-
806
-
Employer
413
-
2 033
-
pensions
67
-
133
-
accident
7
-
34
-
unemployment
10
-
50
-
total
84
-
217
-
Corporate
1 753
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.

1 578
2 025
-
-
total
1 578
2 025
-
-
Dividends
175
225
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 846
2 068
1 023
711
After tax
404
182
1 227
1 539
Living cost
263
263
263
263
Free-cash
141
-81
964
1 276

Estimated living cost  is $263 per week

$191
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
$943
$714
$971
$977
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
-
-
-
391
total
-
-
-
821
Employee
628
-
1 893
-
municipal
103
-
308
-
unemployment
9
-
28
-
pensions
42
-
128
-
national
10
-
233
-
health
5
-
24
-
total
169
-
721
-
Employer
628
-
1 893
-
health
5
-
15
-
pensions
109
-
328
-
accident
1
-
2
-
unemployment
4
-
12
-
total
119
-
357
-
Corporate
1 503
2 250
-
-
income
301
450
-
-
total
301
450
-
-
Dividends

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

902
1 350
-
-
municipal
162
243
-
-
national
64
156
-
-
total
226
399
-
-
Income
2 250
2 250
2 250
2 250
Total tax
815
849
1 078
821
After tax
1 435
1 401
1 172
1 429
Living cost
458
458
458
458
Free-cash
977
943
714
971

Estimated living cost  is $458 per week

$299
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
$1365
$1234
$1255
$1299
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
-
-
-
469
social contributions
-
-
-
193
health
-
-
-
57
total
-
-
-
719
Employee
918
918
2 108
-
social contributions
35
76
103
-
income
100
85
459
-
health
7
16
36
-
total
142
177
598
-
Employer
918
918
2 108
-
health
8
17
39
-
social contributions
35
76
103
-
total
43
93
142
-
Corporate
1 789
1 239
-
-
income
224
155
-
-
total
224
155
-
-
Dividends
1 566
1 084
-
-
withholding
266
184
-
-
total
266
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
675
609
740
719
After tax
1 575
1 641
1 510
1 531
Living cost
276
276
276
276
Free-cash
1 299
1 365
1 234
1 255

Estimated living cost  is $276 per week

$166
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
$1674
$1470
$1711
$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
-
-
-
43
pensions
-
-
-
76
total
-
-
-
349
Employee

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

274
-
2 133
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
201
-
health
23
-
96
-
total
84
-
473
-
Employer

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

274
-
2 133
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 948
2 250
-
-
income
175
202
-
-
total
175
202
-
-
Dividends
1 773
2 048
-
-
withholding
160
184
-
-
total
160
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
447
386
590
349
After tax
1 803
1 864
1 660
1 901
Living cost
190
190
190
190
Free-cash
1 613
1 674
1 470
1 711

Estimated living cost  is $190 per week

$121
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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$1171
$883
$933
$1117
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
-
-
-
657
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
989
Employee
441
-
1 897
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
616
-
total
113
-
686
-
Employer
441
-
1 897
-
pensions
104
-
261
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
353
-
Corporate
1 668
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
337
-
-
total
250
337
-
-
Dividends
1 418
1 913
-
-
withholding
301
414
-
-
total
301
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
805
751
1 039
989
After tax
1 445
1 499
1 211
1 261
Living cost
328
328
328
328
Free-cash
1 117
1 171
883
933

Estimated living cost  is $328 per week

$222
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1380
$1423
$1424
$1377
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
-
-
-
771
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
802
Employee
37
-
2 230
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
770
-
health
2
-
4
-
total
12
-
783
-
Employer
37
-
2 230
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
2 205
2 250
-
-
income
485
495
-
-
total
485
495
-
-
Dividends
1 720
1 755
-
-
withholding
344
351
-
-
total
344
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
849
846
803
802
After tax
1 401
1 404
1 447
1 448
Living cost
24
24
24
24
Free-cash
1 377
1 380
1 423
1 424

Estimated living cost  is $24 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
$1420
$1198
$1198
$1362
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
-
-
-
513
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
846
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.

311
-
2 092
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
513
-
health
16
-
45
-
total
104
-
688
-
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.

311
-
2 092
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
1 884
2 250
-
-
income
283
337
-
-
total
283
337
-
-
Dividends
1 601
1 913
-
-
withholding
240
287
-
-
total
240
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
682
624
846
846
After tax
1 568
1 626
1 404
1 404
Living cost
206
206
206
206
Free-cash
1 362
1 420
1 198
1 198

Estimated living cost  is $206 per week

$139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$957
$703
$873
$953
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
-
-
-
273
surtax
-
-
-
-
social contributions

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

-
-
-
782
total
-
-
-
1 055
Employee
463
-
1 818
-
surtax
-
-
-
-
social contributions
51
-
200
-
income
91
-
593
-
total
142
-
793
-
Employer
463
-
1 818
-
social contributions
110
-
432
-
total
110
-
432
-
Corporate
1 677
2 250
-
-
income
352
473
-
-
surtax
-
-
-
-
total
352
473
-
-
Dividends
1 325
1 777
-
-
withholding
371
498
-
-
total
371
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
975
971
1 225
1 055
After tax
1 275
1 279
1 025
1 195
Living cost
322
322
322
322
Free-cash
953
957
703
873

Estimated living cost  is $322 per week

$228
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 Porto model

Close
Madrid , Spain
$1079
$791
$841
$1000
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
-
-
-
657
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
989
Employee
577
-
1 897
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
616
-
total
157
-
686
-
Employer
577
-
1 897
-
pensions
136
-
261
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
353
-
Corporate
1 490
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
337
-
-
total
223
337
-
-
Dividends
1 266
1 913
-
-
withholding
266
414
-
-
total
266
414
-
-
Income
2 250
2 250
2 250
2 250
Total tax
830
751
1 039
989
After tax
1 420
1 499
1 211
1 261
Living cost
420
420
420
420
Free-cash
1 000
1 079
791
841

Estimated living cost  is $420 per week

$301
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
$1719
$1684
$1595
$1645
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
272
-
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
272
-
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
1 925
2 250
-
-
income
192
225
-
-
total
192
225
-
-
Dividends
1 732
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
205
205
205
205
Free-cash
1 645
1 719
1 684
1 595

Estimated living cost  is $205 per week

$136
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
$697
$956
$713
$852
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.

-
-
-
712
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
-
-
-
1 076
Employee

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

594
-
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
-
712
-
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
-
833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 656
2 250
-
-
income
248
337
-
-
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
238
323
-
-
total
504
684
-
-
Dividends
1 152
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
937
1 092
833
1 076
After tax
1 313
1 158
1 417
1 174
Living cost
461
461
461
461
Free-cash
852
697
956
713

Estimated living cost  is $461 per week

$318
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
$895
$488
$488
$921
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
-
-
-
703
social contributions
-
-
-
379
total
-
-
-
1 082
Employee
934
-
2 250
-
income
176
-
703
-
social contributions
78
-
379
-
total
254
-
1 082
-
Employer
934
-
2 250
-
total
-
-
-
-
Corporate
1 316
2 250
-
-
income
165
281
-
-
total
165
281
-
-
Dividends
1 152
1 969
-
-
withholding
230
394
-
-
total
230
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
649
675
1 082
1 082
After tax
1 601
1 575
1 168
1 168
Living cost
680
680
680
680
Free-cash
921
895
488
488

Estimated living cost  is $680 per week

$517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$966
$1158
$1405
$1008
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
-
-
-
340
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
-
-
-
412
Employee
548
-
2 195
-
income
59
-
549
-
social contributions
55
-
55
-
total
114
-
604
-
Employer
548
-
2 195
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 648
2 250
-
-
income
577
788
-
-
total
577
788
-
-
Dividends
1 071
1 462
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
2 250
2 250
2 250
2 250
Total tax
809
851
659
412
After tax
1 441
1 399
1 591
1 838
Living cost
433
433
433
433
Free-cash
1 008
966
1 158
1 405

Estimated living cost  is $433 per week

$285
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.
$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

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
-$107
$938
$1250
$138
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
-
-
-
628
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
711
Employee
454
-
2 033
-
pensions
51
-
92
-
income
62
-
481
-
health
52
-
233
-
total
165
-
806
-
Employer
454
-
2 033
-
pensions
74
-
133
-
accident
8
-
34
-
unemployment
11
-
50
-
total
93
-
217
-
Corporate
1 704
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.

1 533
2 025
-
-
total
1 533
2 025
-
-
Dividends
170
225
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 823
2 068
1 023
711
After tax
427
182
1 227
1 539
Living cost
289
289
289
289
Free-cash
138
-107
938
1 250

Estimated living cost  is $289 per week

$212
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
$1560
$1453
$1191
$1677
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
-
-
-
141
pensions
-
-
-
351
total
-
-
-
898
Employee

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

258
-
2 250
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
176
-
income
26
-
373
-
total
96
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 992
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
1 972
2 025
-
-
withholding
296
304
-
-
total
296
304
-
-
Income
2 250
2 250
2 250
2 250
Total tax
412
529
636
898
After tax
1 838
1 721
1 614
1 352
Living cost
161
161
161
161
Free-cash
1 677
1 560
1 453
1 191

Estimated living cost  is $161 per week

$100
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
$710
$465
$564
$655
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
1 006
-
2 250
-
municipal
6
-
13
-
national
170
-
491
-
regional
15
-
46
-
social contributions
339
-
759
-
total
530
-
1 309
-
Employer
1 006
-
2 250
-
total
-
-
-
-
Corporate
1 244
2 250
-
-
municipal
60
108
-
-
nationa
299
540
-
-
total
359
648
-
-
Dividends
886
1 602
-
-
withholding
230
416
-
-
total
230
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 119
1 064
1 309
1 210
After tax
1 131
1 186
941
1 040
Living cost
476
476
476
476
Free-cash
655
710
465
564

Estimated living cost  is $476 per week

$334
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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