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
$ 2300
per

Your estimated
City
free-cash

Valencia , Spain
$935
$982
$1223
$1175
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
-
-
-
2 300
income
-
-
-
704
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
291
other
-
-
-
1
total
-
-
-
1 012
Employee
411
-
1 972
-
other
-
-
1
-
income
79
-
666
-
unemployment
6
-
16
-
pensions
19
-
48
-
total
104
-
731
-
Employer
411
-
1 972
-
unemployment
23
-
57
-
pensions
97
-
243
-
other
3
-
8
-
accident
8
-
20
-
total
131
-
328
-
Corporate
1 758
2 300
-
-
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.

264
345
-
-
total
264
345
-
-
Dividends
1 494
1 955
-
-
withholding
320
426
-
-
total
320
426
-
-
Income
2 300
2 300
2 300
2 300
Total tax
819
771
1 059
1 012
After tax
1 481
1 529
1 241
1 288
Living cost
306
306
306
306
Free-cash
1 175
1 223
935
982

Estimated living cost  is $306 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$1037
$1056
$1394
$1319
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
-
-
-
2 300
income
-
-
-
388
health
-
-
-
74
pensions

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

-
-
-
406
other
-
-
-
80
total
-
-
-
948
Employee
403
-
1 873
-
income
69
-
381
-
health
6
-
24
-
unemployment
4
-
17
-
pensions

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

28
-
118
-
total
107
-
540
-
Employer
403
-
1 873
-
unemployment
4
-
17
-
pensions

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

69
-
287
-
other
20
-
84
-
accident
3
-
15
-
health
6
-
24
-
total
102
-
427
-
Corporate
1 795
2 300
-
-
income
377
483
-
-
total
377
483
-
-
Dividends
1 418
1 817
-
-
withholding
99
127
-
-
total
99
127
-
-
Income
2 300
2 300
2 300
2 300
Total tax
685
610
967
948
After tax
1 615
1 690
1 333
1 352
Living cost
296
296
296
296
Free-cash
1 319
1 394
1 037
1 056

Estimated living cost  is $296 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$1801
$1706
$1821
$1771
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
-
-
-
2 300
income
-
-
-
345
health
-
-
-
45
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
449
Employee
193
-
2 224
-
income
19
-
222
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
278
-
Employer
193
-
2 224
-
unemployment
1
-
2
-
pensions

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

21
-
43
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
76
-
Corporate
2 070
2 300
-
-
income
207
230
-
-
total
207
230
-
-
Dividends
1 863
2 070
-
-
withholding
93
104
-
-
total
93
104
-
-
Income
2 300
2 300
2 300
2 300
Total tax
384
334
354
449
After tax
1 916
1 966
1 946
1 851
Living cost
145
145
145
145
Free-cash
1 771
1 821
1 801
1 706

Estimated living cost  is $145 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$842
$896
$779
$846
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
-
-
-
2 300
income
-
-
-
402
social contributions
-
-
-
66
health
-
-
-
108
surtax
-
-
-
-
pensions
-
-
-
377
other
-
-
-
71
total
-
-
-
1 024
Employee
476
-
1 763
-
income
28
-
362
-
social contributions
14
-
50
-
surtax
-
-
-
-
pensions
54
-
130
-
total
96
-
542
-
Employer
476
-
1 763
-
unemployment
19
-
71
-
social contributions
1
-
5
-
pensions
78
-
217
-
other
16
-
72
-
health
33
-
171
-
total
147
-
536
-
Corporate
1 676
2 300
-
-
income
469
644
-
-
surtax
-
-
-
-
total
469
644
-
-
Dividends
1 207
1 656
-
-
withholding
154
212
-
-
surtax
-
-
-
-
social contributions
208
285
-
-
total
362
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 074
1 141
1 078
1 024
After tax
1 226
1 159
1 222
1 276
Living cost
380
380
380
380
Free-cash
846
779
842
896

Estimated living cost  is $380 per week

$240
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$1006
$780
$679
$610
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
-
-
-
2 300
income
-
-
-
787
health
-
-
-
137
pensions
-
-
-
130
total
-
-
-
1 054
Employee
949
949
2 093
-
income

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

155
155
355
-
health
146
124
137
-
pensions
171
130
130
-
total
472
409
622
-
Employer
949
949
2 093
-
unemployment
34
34
42
-
pensions
66
66
82
-
health
66
66
82
-
total
166
166
206
-
Corporate
1 197
1 185
-
-
income
239
237
-
-
total
239
237
-
-
Dividends
957
948
-
-
withholding
144
142
-
-
income
203
201
-
-
total
347
343
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 224
1 155
828
1 054
After tax
1 076
1 145
1 472
1 246
Living cost
466
466
466
466
Free-cash
610
679
1 006
780

Estimated living cost  is $466 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$1097
$816
$823
$947
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.

-
-
-
2 300
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.

-
-
-
749
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.

-
-
-
76
trade
-
-
-
281
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.

-
-
-
41
total
-
-
-
1 147
Employee

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

425
-
2 300
-
income

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

12
-
749
-
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.

76
-
76
-
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
-
41
-
total
89
-
866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 875
2 300
-
-
chamber of commerce
4
5
-
-
income
281
345
-
-
surtax

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

15
19
-
-
trade
295
362
-
-
total
595
731
-
-
Dividends
1 279
1 569
-
-
withholding
315
388
-
-
surtax

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

17
21
-
-
total
332
409
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 016
1 140
866
1 147
After tax
1 284
1 160
1 434
1 153
Living cost
337
337
337
337
Free-cash
947
823
1 097
816

Estimated living cost  is $337 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
$1278
$1297
$1419
$1360
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
-
-
-
2 300
income
-
-
-
507
social contributions
-
-
-
180
health
-
-
-
59
total
-
-
-
746
Employee
854
854
2 164
-
income
93
79
496
-
social contributions
32
71
96
-
health
7
15
37
-
total
132
165
629
-
Employer
854
854
2 164
-
social contributions
32
71
96
-
health
7
16
40
-
total
39
87
136
-
Corporate
1 871
1 359
-
-
income
234
170
-
-
total
234
170
-
-
Dividends
1 637
1 189
-
-
withholding
278
202
-
-
total
278
202
-
-
Income
2 300
2 300
2 300
2 300
Total tax
683
624
765
746
After tax
1 617
1 676
1 535
1 554
Living cost
257
257
257
257
Free-cash
1 360
1 419
1 278
1 297

Estimated living cost  is $257 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Lisbon , Portugal
$687
$861
$959
$949
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.

-
-
-
2 300
income
-
-
-
291
social contributions

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

-
-
-
799
surtax
-
-
-
-
total
-
-
-
1 090
Employee
511
-
1 859
-
income
106
-
619
-
social contributions
56
-
204
-
surtax
-
-
-
-
total
162
-
823
-
Employer
511
-
1 859
-
social contributions
121
-
441
-
total
121
-
441
-
Corporate
1 668
2 300
-
-
income
350
483
-
-
surtax
-
-
-
-
total
350
483
-
-
Dividends
1 317
1 817
-
-
withholding
369
509
-
-
total
369
509
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 002
992
1 264
1 090
After tax
1 298
1 308
1 036
1 210
Living cost
349
349
349
349
Free-cash
949
959
687
861

Estimated living cost  is $349 per week

$261
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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$1760
$2197
$2105
$2090
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%.

-
-
-
2 300
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
100
-
2 300
-
income
20
-
460
-
total
20
-
460
-
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%.

2 200
2 300
-
-
total
-
-
-
-
Dividends
2 200
2 300
-
-
withholding
110
115
-
-
total
110
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
130
115
460
23
After tax
2 170
2 185
1 840
2 277
Living cost
80
80
80
80
Free-cash
2 090
2 105
1 760
2 197

Estimated living cost  is $80 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
$741
$792
$1286
$1193
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.

-
-
-
2 300
income
-
-
-
561
health
-
-
-
226
unemployment
-
-
-
3
pensions
-
-
-
420
total
-
-
-
1 210
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.

491
-
1 990
-
income
85
-
511
-
health
32
-
129
-
unemployment
1
-
3
-
pensions
76
-
308
-
total
194
-
951
-
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.

491
-
1 990
-
unemployment
-
-
1
-
pensions
43
-
176
-
health
33
-
133
-
total
76
-
310
-
Corporate
1 732
2 300
-
-
income
329
437
-
-
total
329
437
-
-
Dividends
1 403
1 863
-
-
withholding
210
279
-
-
total
210
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
809
716
1 261
1 210
After tax
1 491
1 584
1 039
1 090
Living cost
298
298
298
298
Free-cash
1 193
1 286
741
792

Estimated living cost  is $298 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Sliema , Malta
$1212
$1480
$1033
$1072
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.

-
-
-
2 300
income
-
-
-
345
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
-
-
-
417
Employee
510
-
2 249
-
social contributions
51
-
51
-
income
55
-
583
-
total
106
-
634
-
Employer
510
-
2 249
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
1 739
2 300
-
-
income
609
805
-
-
total
609
805
-
-
Dividends
1 130
1 495
-
-
social contributions
59
59
-
-
total
59
59
-
-
Income
2 300
2 300
2 300
2 300
Total tax
825
864
685
417
After tax
1 475
1 436
1 615
1 883
Living cost
403
403
403
403
Free-cash
1 072
1 033
1 212
1 480

Estimated living cost  is $403 per week

$266
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$1184
$1241
$1166
$1173
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
-
-
-
2 300
income
-
-
-
345
social contributions
-
-
-
317
health
-
-
-
161
total
-
-
-
823
Employee
377
-
2 300
-
income
63
-
402
-
social contributions
52
-
317
-
health
26
-
161
-
total
141
-
880
-
Employer
377
-
2 300
-
total
-
-
-
-
Corporate
1 923
2 300
-
-
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%.

96
115
-
-
total
96
115
-
-
Dividends
1 827
2 185
-
-
withholding
274
328
-
-
health
128
153
-
-
social contributions
252
302
-
-
total
654
783
-
-
Income
2 300
2 300
2 300
2 300
Total tax
891
898
880
823
After tax
1 409
1 402
1 420
1 477
Living cost
236
236
236
236
Free-cash
1 173
1 166
1 184
1 241

Estimated living cost  is $236 per week

$158
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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$960
$1060
$1283
$1175
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
-
-
-
2 300
income
-
-
-
246
social contributions
-
-
-
352
solidarity contribution
-
-
-
30
health
-
-
-
311
total
-
-
-
939
Employee
443
-
1 834
-
solidarity contribution
-
-
21
-
income
53
-
226
-
social contributions
29
-
78
-
health
60
-
248
-
total
142
-
573
-
Employer
443
-
1 834
-
social contributions
111
-
301
-
health
40
-
165
-
total
151
-
466
-
Corporate
1 707
2 300
-
-
income
324
437
-
-
total
324
437
-
-
Dividends
1 382
1 863
-
-
withholding
207
279
-
-
total
207
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
824
716
1 039
939
After tax
1 476
1 584
1 261
1 361
Living cost
301
301
301
301
Free-cash
1 175
1 283
960
1 060

Estimated living cost  is $301 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$1716
$2153
$2061
$2038
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%.

-
-
-
2 300
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
155
-
2 300
-
income
31
-
460
-
total
31
-
460
-
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%.

2 145
2 300
-
-
total
-
-
-
-
Dividends
2 145
2 300
-
-
withholding
107
115
-
-
total
107
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
138
115
460
23
After tax
2 162
2 185
1 840
2 277
Living cost
124
124
124
124
Free-cash
2 038
2 061
1 716
2 153

Estimated living cost  is $124 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
$685
$739
$622
$698
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
-
-
-
2 300
income
-
-
-
402
social contributions
-
-
-
66
health
-
-
-
108
surtax
-
-
-
-
pensions
-
-
-
377
other
-
-
-
71
total
-
-
-
1 024
Employee
696
-
1 763
-
income
61
-
362
-
social contributions
20
-
50
-
surtax
-
-
-
-
pensions
79
-
130
-
total
160
-
542
-
Employer
696
-
1 763
-
unemployment
28
-
71
-
social contributions
2
-
5
-
pensions
114
-
217
-
other
24
-
72
-
health
49
-
171
-
total
217
-
536
-
Corporate
1 387
2 300
-
-
income
388
644
-
-
surtax
-
-
-
-
total
388
644
-
-
Dividends
998
1 656
-
-
withholding
128
212
-
-
surtax
-
-
-
-
social contributions
172
285
-
-
total
300
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 065
1 141
1 078
1 024
After tax
1 235
1 159
1 222
1 276
Living cost
537
537
537
537
Free-cash
698
622
685
739

Estimated living cost  is $537 per week

$363
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.
$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
Belgrade , Serbia
$1270
$1270
$1470
$1415
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.

-
-
-
2 300
income
-
-
-
529
health
-
-
-
84
unemployment
-
-
-
12
pensions
-
-
-
213
total
-
-
-
838
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.

289
-
2 153
-
income
40
-
529
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
115
-
total
97
-
692
-
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.

289
-
2 153
-
unemployment
2
-
6
-
pensions
35
-
98
-
health
15
-
42
-
total
52
-
146
-
Corporate
1 959
2 300
-
-
income
294
345
-
-
total
294
345
-
-
Dividends
1 665
1 955
-
-
withholding
250
293
-
-
total
250
293
-
-
Income
2 300
2 300
2 300
2 300
Total tax
693
638
838
838
After tax
1 607
1 662
1 462
1 462
Living cost
192
192
192
192
Free-cash
1 415
1 470
1 270
1 270

Estimated living cost  is $192 per week

$129
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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$965
$1048
$277
$608
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
-
-
-
2 300
regional
-
-
-
129
national
-
-
-
60
health
-
-
-
5
city
-
-
-
24
other

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

-
-
-
46
pensions
-
-
-
212
total
-
-
-
476
Employee
908
-
2 071
-
regional
30
-
116
-
city
10
-
22
-
health
2
-
5
-
unemployment
-
-
-
-
national
4
-
50
-
pensions
76
-
160
-
total
122
-
353
-
Employer
908
-
2 071
-
unemployment
-
-
-
-
pensions
76
-
160
-
other

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

18
-
41
-
health
2
-
5
-
total
96
-
206
-
Corporate
1 286
2 300
-
-
regional
272
486
-
-
national
109
195
-
-
total
381
681
-
-
Dividends
905
1 618
-
-
withholding
317
566
-
-
total
317
566
-
-
Income
2 300
2 300
2 300
2 300
Total tax
916
1 247
559
476
After tax
1 384
1 053
1 741
1 824
Living cost
776
776
776
776
Free-cash
608
277
965
1 048

Estimated living cost  is $776 per week

$504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$70
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.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
$742
$1007
$993
$1028
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

-
-
-
2 300
municipal
-
-
-
408
national
-
-
-
427
health
-
-
-
31
total
-
-
-
866
Employee
585
-
1 935
-
health
4
-
25
-
unemployment
9
-
29
-
national
10
-
265
-
municipal
96
-
315
-
pensions
39
-
131
-
total
158
-
765
-
Employer
585
-
1 935
-
unemployment
4
-
13
-
pensions
101
-
336
-
accident
1
-
2
-
health
4
-
15
-
total
110
-
366
-
Corporate
1 605
2 300
-
-
income
321
460
-
-
total
321
460
-
-
Dividends

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

963
1 380
-
-
national
83
172
-
-
municipal
173
248
-
-
total
256
420
-
-
Income
2 300
2 300
2 300
2 300
Total tax
845
880
1 131
866
After tax
1 455
1 420
1 169
1 434
Living cost
427
427
427
427
Free-cash
1 028
993
742
1 007

Estimated living cost  is $427 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
$385
$595
$868
$715
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
-
-
-
2 300
national
-
-
-
902
social contributions
-
-
-
277
communal

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

-
-
-
121
total
-
-
-
1 300
Employee

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

795
-
1 781
-
health

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

37
-
84
-
communal

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

41
-
93
-
unemployment

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

7
-
15
-
national
244
-
665
-
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.

60
-
134
-
total
389
-
991
-
Employer

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

795
-
1 781
-
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
-
26
-
pensions

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

70
-
158
-
surtax
90
-
202
-
accident

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

10
-
23
-
health

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

49
-
110
-
total
231
-
519
-
Corporate
1 274
2 300
-
-
income
255
477
-
-
surtax
5
10
-
-
total
260
487
-
-
Dividends
1 014
1 813
-
-
withholding

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

300
540
-
-
total
300
540
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 180
1 027
1 510
1 300
After tax
1 120
1 273
790
1 000
Living cost
405
405
405
405
Free-cash
715
868
385
595

Estimated living cost  is $405 per week

$261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Stockholm , Sweden
$697
$708
$802
$792
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
-
-
-
2 300
municipal
-
-
-
600
national
-
-
-
249
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
108
other
-
-
-
116
total
-
-
-
1 138
Employee
647
-
1 987
-
national
-
-
243
-
municipal
193
-
593
-
total
193
-
836
-
Employer
647
-
1 987
-
unemployment
17
-
26
-
pensions
70
-
108
-
other
75
-
116
-
accident
1
-
2
-
health
40
-
61
-
total
203
-
313
-
Corporate
1 449
2 300
-
-
income
319
506
-
-
total
319
506
-
-
Dividends
1 130
1 794
-
-
withholding
339
538
-
-
total
339
538
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 054
1 044
1 149
1 138
After tax
1 246
1 256
1 151
1 162
Living cost
454
454
454
454
Free-cash
792
802
697
708

Estimated living cost  is $454 per week

$301
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.
$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
Oslo , Norway
$1658
$1098
$907
$364
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
-
-
-
2 300
income
-
-
-
448
social contributions
-
-
-
262
total
-
-
-
710
Employee
705
-
-
-
income
156
-
-
-
social contributions
58
-
8
-
total
214
-
8
-
Employer
705
-
-
-
social contributions
995
-
142
-
total
995
-
142
-
Corporate
600
2 300
-
-
income
132
506
-
-
total
132
506
-
-
Dividends
468
1 794
-
-
income
103
395
-
-
total
103
395
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 444
901
150
710
After tax
856
1 399
2 150
1 590
Living cost
492
492
492
492
Free-cash
364
907
1 658
1 098

Estimated living cost  is $492 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$1175
$1194
$1316
$1270
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
-
-
-
2 300
income
-
-
-
507
social contributions
-
-
-
180
health
-
-
-
59
total
-
-
-
746
Employee
854
854
2 164
-
income
90
79
496
-
social contributions
42
71
96
-
health
8
15
37
-
total
140
165
629
-
Employer
854
854
2 164
-
social contributions
42
71
96
-
health
9
16
40
-
total
51
87
136
-
Corporate
1 749
1 359
-
-
income
219
170
-
-
total
219
170
-
-
Dividends
1 530
1 189
-
-
withholding
260
202
-
-
total
260
202
-
-
Income
2 300
2 300
2 300
2 300
Total tax
670
624
765
746
After tax
1 630
1 676
1 535
1 554
Living cost
360
360
360
360
Free-cash
1 270
1 316
1 175
1 194

Estimated living cost  is $360 per week

$246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Edinburgh , United Kingdom
$887
$1094
$1061
$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
-
-
-
2 300
income
-
-
-
699
pensions
-
-
-
105
total
-
-
-
804
Employee
552
-
2 006
-
income
100
-
562
-
health
7
-
28
-
pensions
42
-
127
-
total
149
-
717
-
Employer
552
-
2 006
-
pensions
56
-
256
-
health
10
-
38
-
total
66
-
294
-
Corporate
1 682
2 300
-
-
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.

320
437
-
-
total
320
437
-
-
Dividends
1 362
1 863
-
-
withholding
237
400
-
-
total
237
400
-
-
Income
2 300
2 300
2 300
2 300
Total tax
772
837
1 011
804
After tax
1 528
1 463
1 289
1 496
Living cost
402
402
402
402
Free-cash
1 126
1 061
887
1 094

Estimated living cost  is $402 per week

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

Additional information

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

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

Rome , Italy
$533
$625
$768
$718
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
-
-
-
2 300
municipal
-
-
-
16
regional
-
-
-
54
national
-
-
-
606
social contributions
-
-
-
556
total
-
-
-
1 232
Employee
936
-
2 300
-
regional
14
-
49
-
social contributions
316
-
729
-
national
158
-
532
-
municipal
6
-
14
-
total
494
-
1 324
-
Employer
936
-
2 300
-
total
-
-
-
-
Corporate
1 364
2 300
-
-
nationa
327
552
-
-
municipal
66
111
-
-
total
393
663
-
-
Dividends
971
1 637
-
-
withholding
252
426
-
-
total
252
426
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 139
1 089
1 324
1 232
After tax
1 161
1 211
976
1 068
Living cost
443
443
443
443
Free-cash
718
768
533
625

Estimated living cost  is $443 per week

$311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$1037
$1341
-$43
$151
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
-
-
-
2 300
income
-
-
-
657
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
730
Employee
360
-
2 099
-
income
49
-
514
-
health
41
-
240
-
pensions
41
-
79
-
total
131
-
833
-
Employer
360
-
2 099
-
unemployment
9
-
51
-
pensions
59
-
115
-
accident
6
-
35
-
total
74
-
201
-
Corporate
1 867
2 300
-
-
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.

1 680
2 070
-
-
total
1 680
2 070
-
-
Dividends
187
230
-
-
withholding
35
44
-
-
total
35
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 920
2 114
1 034
730
After tax
380
186
1 266
1 570
Living cost
229
229
229
229
Free-cash
151
-43
1 037
1 341

Estimated living cost  is $229 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
$1005
$749
$754
$900
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.

-
-
-
2 300
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.

-
-
-
749
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.

-
-
-
76
trade
-
-
-
256
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.

-
-
-
41
total
-
-
-
1 122
Employee

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

553
-
2 300
-
income

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

45
-
749
-
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.

76
-
76
-
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
-
41
-
total
124
-
866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 747
2 300
-
-
chamber of commerce
4
5
-
-
income
262
345
-
-
surtax

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

14
19
-
-
trade
251
330
-
-
total
531
699
-
-
Dividends
1 216
1 601
-
-
withholding
300
396
-
-
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
22
-
-
total
316
418
-
-
Income
2 300
2 300
2 300
2 300
Total tax
971
1 117
866
1 122
After tax
1 329
1 183
1 434
1 178
Living cost
429
429
429
429
Free-cash
900
754
1 005
749

Estimated living cost  is $429 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
$758
$592
$1609
$1518
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.

-
-
-
2 300
microenterprise
-
-
-
-
income
-
-
-
465
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.

-
-
-
426
surtax
-
-
-
586
total
-
-
-
1 477
Employee
325
-
1 785
-
income
58
-
391
-
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.

36
-
146
-
surtax
-
-
259
-
total
94
-
796
-
Employer
325
-
1 785
-
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.

78
-
319
-
surtax
-
-
196
-
total
78
-
515
-
Corporate
1 897
2 300
-
-
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%.

379
460
-
-
total
379
460
-
-
Dividends

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

1 518
1 840
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
551
460
1 311
1 477
After tax
1 749
1 840
989
823
Living cost
231
231
231
231
Free-cash
1 518
1 609
758
592

Estimated living cost  is $231 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$1257
$1266
$1291
$1268
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
-
-
-
2 300
income
-
-
-
709
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
890
Employee
219
-
2 182
-
income
42
-
703
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
total
75
-
781
-
Employer
219
-
2 182
-
unemployment
4
-
10
-
pensions
24
-
58
-
health
21
-
50
-
total
49
-
118
-
Corporate
2 032
2 300
-
-
income
447
506
-
-
total
447
506
-
-
Dividends
1 585
1 794
-
-
withholding
317
359
-
-
total
317
359
-
-
Income
2 300
2 300
2 300
2 300
Total tax
888
865
899
890
After tax
1 412
1 435
1 401
1 410
Living cost
144
144
144
144
Free-cash
1 268
1 291
1 257
1 266

Estimated living cost  is $144 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$766
$833
$1197
$1161
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
-
-
-
2 300
income
-
-
-
697
health
-
-
-
105
unemployment
-
-
-
3
surtax
-
-
-
115
pensions
-
-
-
297
other
-
-
-
-
total
-
-
-
1 217
Employee
374
-
1 988
-
other
-
-
-
-
income
63
-
631
-
health
10
-
38
-
unemployment
26
-
103
-
surtax
1
-
101
-
pensions
25
-
99
-
total
125
-
972
-
Employer
374
-
1 988
-
unemployment
12
-
47
-
pensions
50
-
198
-
other
-
-
-
-
health
17
-
67
-
total
79
-
312
-
Corporate
1 847
2 300
-
-
income
480
598
-
-
total
480
598
-
-
Dividends
1 367
1 702
-
-
withholding
205
255
-
-
total
205
255
-
-
Income
2 300
2 300
2 300
2 300
Total tax
889
853
1 284
1 217
After tax
1 411
1 447
1 016
1 083
Living cost
250
250
250
250
Free-cash
1 161
1 197
766
833

Estimated living cost  is $250 per week

$151
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$250
$829
$916
$909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
700
chamber of commerce
-
-
-
9
health
-
-
-
99
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
240
total
-
-
-
1 116
Employee
486
443
1 884
-
other
5
4
13
-
income
43
33
583
-
health
19
17
50
-
unemployment
15
13
39
-
pensions
50
45
133
-
total
132
112
818
-
Employer
486
443
1 884
-
unemployment
15
13
39
-
chamber of commerce
2