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
$ 2400
per

Your estimated
City
free-cash

Dresden , Germany
$883
$1002
$859
$1158
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.

-
-
-
2 400
trade
-
-
-
299
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.

-
-
-
797
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.

-
-
-
74
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.

-
-
-
44
total
-
-
-
1 214
Employee

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

413
-
2 400
-
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.

74
-
74
-
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
-
44
-
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
-
797
-
total
87
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 987
2 400
-
-
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
20
-
-
income
298
360
-
-
trade
313
378
-
-
chamber of commerce
4
5
-
-
total
631
763
-
-
Dividends
1 355
1 637
-
-
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.

18
22
-
-
withholding
335
405
-
-
total
353
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 071
1 190
915
1 214
After tax
1 329
1 210
1 485
1 186
Living cost
327
327
327
327
Free-cash
1 002
883
1 158
859

Estimated living cost  is $327 per week

$206
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.
$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

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
$953
$943
$823
$836
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
-
-
-
2 400
municipal
-
-
-
267
pensions
-
-
-
288
national
-
-
-
451
social contributions
-
-
-
26
total
-
-
-
1 032
Employee
845
-
2 075
-
municipal
104
-
276
-
pensions
34
-
83
-
national
162
-
472
-
total
300
-
831
-
Employer
845
-
2 075
-
social contributions
9
-
22
-
pensions
68
-
166
-
total
77
-
188
-
Corporate
1 423
2 400
-
-
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%.

285
480
-
-
total
285
480
-
-
Dividends
1 138
1 920
-
-
withholding
250
422
-
-
total
250
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
912
902
1 019
1 032
After tax
1 488
1 498
1 381
1 368
Living cost
545
545
545
545
Free-cash
943
953
836
823

Estimated living cost  is $545 per week

$370
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.
$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.
$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

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
$1695
$1606
$646
$817
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.

-
-
-
2 400
microenterprise
-
-
-
-
income
-
-
-
503
surtax
-
-
-
612
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.

-
-
-
414
total
-
-
-
1 529
Employee
315
-
1 883
-
social contributions

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

35
-
142
-
surtax
-
-
273
-
income
56
-
426
-
total
91
-
841
-
Employer
315
-
1 883
-
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.

76
-
310
-
surtax
-
-
207
-
total
76
-
517
-
Corporate
2 009
2 400
-
-
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%.

402
480
-
-
total
402
480
-
-
Dividends

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

1 607
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
569
480
1 358
1 529
After tax
1 831
1 920
1 042
871
Living cost
225
225
225
225
Free-cash
1 606
1 695
817
646

Estimated living cost  is $225 per week

$143
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.
$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

Source of data for Riga model

Close
Rotterdam , Netherlands
$745
$677
$839
$1083
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
-
-
-
2 400
income
-
-
-
850
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
1 109
Employee
922
922
2 199
-
health
142
120
133
-
income

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

151
151
405
-
pensions
166
126
126
-
total
459
397
664
-
Employer
922
922
2 199
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
1 328
1 317
-
-
income
266
263
-
-
total
266
263
-
-
Dividends
1 062
1 053
-
-
income
226
224
-
-
withholding
159
158
-
-
total
385
382
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 271
1 203
865
1 109
After tax
1 129
1 197
1 535
1 291
Living cost
452
452
452
452
Free-cash
677
745
1 083
839

Estimated living cost  is $452 per week

$321
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$891
$882
$780
$769
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
-
-
-
2 400
municipal
-
-
-
636
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
299
total
-
-
-
1 201
Employee
597
-
2 112
-
municipal
178
-
630
-
national
-
-
294
-
total
178
-
924
-
Employer
597
-
2 112
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
65
-
99
-
health
37
-
56
-
total
188
-
288
-
Corporate
1 616
2 400
-
-
income
355
528
-
-
total
355
528
-
-
Dividends
1 260
1 872
-
-
withholding
378
562
-
-
total
378
562
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 099
1 090
1 212
1 201
After tax
1 301
1 310
1 188
1 199
Living cost
419
419
419
419
Free-cash
882
891
769
780

Estimated living cost  is $419 per week

$278
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$773
$925
$749
$1061
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.

-
-
-
2 400
trade
-
-
-
312
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.

-
-
-
797
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.

-
-
-
74
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.

-
-
-
44
total
-
-
-
1 227
Employee

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

548
-
2 400
-
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.

74
-
74
-
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
-
44
-
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.

47
-
797
-
total
124
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 852
2 400
-
-
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
20
-
-
income
278
360
-
-
trade
305
395
-
-
chamber of commerce
4
5
-
-
total
602
780
-
-
Dividends
1 250
1 620
-
-
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
22
-
-
withholding
308
401
-
-
total
325
423
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 051
1 203
915
1 227
After tax
1 349
1 197
1 485
1 173
Living cost
424
424
424
424
Free-cash
925
773
1 061
749

Estimated living cost  is $424 per week

$284
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.
$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.
$89
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
$1399
$1356
$1265
$1246
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
-
-
-
2 400
income
-
-
-
549
health
-
-
-
61
social contributions
-
-
-
175
total
-
-
-
785
Employee
830
830
2 265
-
social contributions
40
69
93
-
health
8
14
38
-
income
87
77
538
-
total
135
160
669
-
Employer
830
830
2 265
-
social contributions
40
69
93
-
health
9
15
42
-
total
49
84
135
-
Corporate
1 865
1 485
-
-
income
233
186
-
-
total
233
186
-
-
Dividends
1 632
1 300
-
-
withholding
277
221
-
-
total
277
221
-
-
Income
2 400
2 400
2 400
2 400
Total tax
694
651
804
785
After tax
1 706
1 749
1 596
1 615
Living cost
350
350
350
350
Free-cash
1 356
1 399
1 246
1 265

Estimated living cost  is $350 per week

$239
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 Limassol model

Close
Budapest , Hungary
$1150
$1154
$1467
$1194
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
-
-
-
2 400
income
-
-
-
293
pensions
-
-
-
240
unemployment
-
-
-
36
health
-
-
-
168
total
-
-
-
737
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.

283
113
2 008
-
health
20
8
141
-
income
35
14
246
-
pensions
28
11
201
-
unemployment
4
2
30
-
total
87
35
618
-
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.

283
113
2 008
-
pensions
55
22
392
-
total
55
22
392
-
Corporate
2 062
2 265
-
-
income
186
204
-
-
total
186
204
-
-
Dividends
1 876
2 062
-
-
social contributions
365
401
-
-
withholding
357
392
-
-
total
722
793
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 050
1 054
1 010
737
After tax
1 350
1 346
1 390
1 663
Living cost
196
196
196
196
Free-cash
1 154
1 150
1 194
1 467

Estimated living cost  is $196 per week

$134
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.
$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.
$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

Source of data for Budapest model

Close
Tallinn , Estonia
$1659
$1593
$1025
$1122
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
-
-
-
2 400
income
-
-
-
322
pensions
-
-
-
480
health
-
-
-
312
total
-
-
-
1 114
Employee
306
-
1 794
-
income
34
-
346
-
pensions
6
-
36
-
unemployment
5
-
29
-
total
45
-
411
-
Employer
306
-
1 794
-
unemployment
2
-
14
-
pensions
61
-
359
-
health
40
-
233
-
total
103
-
606
-
Corporate
1 990
2 400
-
-
income
398
480
-
-
total
398
480
-
-
Dividends
1 592
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
546
480
1 017
1 114
After tax
1 854
1 920
1 383
1 286
Living cost
261
261
261
261
Free-cash
1 593
1 659
1 122
1 025

Estimated living cost  is $261 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$43
$158
$1402
$1083
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
-
-
-
2 400
accident
-
-
-
3
income
-
-
-
686
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
761
Employee
373
-
2 191
-
health
43
-
251
-
income
51
-
537
-
pensions
42
-
82
-
total
136
-
870
-
Employer
373
-
2 191
-
accident
6
-
37
-
unemployment
9
-
54
-
pensions
61
-
119
-
total
76
-
210
-
Corporate
1 951
2 400
-
-
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.

1 756
2 160
-
-
total
1 756
2 160
-
-
Dividends
195
240
-
-
withholding
37
46
-
-
total
37
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 005
2 206
1 080
761
After tax
395
194
1 320
1 639
Living cost
237
237
237
237
Free-cash
158
-43
1 083
1 402

Estimated living cost  is $237 per week

$174
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.
$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

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
$2182
$2164
$2278
$1822
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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
122
-
2 400
-
income
24
-
480
-
total
24
-
480
-
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%.

2 278
2 400
-
-
total
-
-
-
-
Dividends
2 278
2 400
-
-
withholding
114
120
-
-
total
114
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
138
120
480
24
After tax
2 262
2 280
1 920
2 376
Living cost
98
98
98
98
Free-cash
2 164
2 182
1 822
2 278

Estimated living cost  is $98 per week

$61
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
$1475
$1403
$1150
$1130
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
-
-
-
2 400
income
-
-
-
418
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.

-
-
-
394
other
-
-
-
78
health
-
-
-
72
total
-
-
-
962
Employee
392
-
1 984
-
health
5
-
23
-
income
67
-
412
-
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.

27
-
115
-
unemployment
4
-
16
-
total
103
-
566
-
Employer
392
-
1 984
-
accident
3
-
16
-
other
20
-
82
-
unemployment
4
-
16
-
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.

67
-
279
-
health
5
-
23
-
total
99
-
416
-
Corporate
1 909
2 400
-
-
income
401
504
-
-
total
401
504
-
-
Dividends
1 508
1 896
-
-
withholding
106
133
-
-
total
106
133
-
-
Income
2 400
2 400
2 400
2 400
Total tax
709
637
982
962
After tax
1 691
1 763
1 418
1 438
Living cost
288
288
288
288
Free-cash
1 403
1 475
1 130
1 150

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$796
$884
$833
$619
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
-
-
-
2 400
income
-
-
-
739
pensions
-
-
-
107
total
-
-
-
846
Employee
1 021
-
2 092
-
health
17
-
28
-
income
184
-
596
-
pensions
98
-
128
-
total
299
-
752
-
Employer
1 021
-
2 092
-
pensions
120
-
268
-
health
19
-
40
-
total
139
-
308
-
Corporate
1 240
2 400
-
-
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.

236
456
-
-
total
236
456
-
-
Dividends
1 004
1 944
-
-
withholding
121
427
-
-
total
121
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
795
883
1 060
846
After tax
1 605
1 517
1 340
1 554
Living cost
721
721
721
721
Free-cash
884
796
619
833

Estimated living cost  is $721 per week

$540
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.
$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 London model

Close
Varna , Bulgaria
$1910
$1859
$1797
$1897
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
-
-
-
2 400
income
-
-
-
360
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
461
Employee
187
-
2 326
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
233
-
pensions

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

16
-
33
-
total
46
-
287
-
Employer
187
-
2 326
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
2 176
2 400
-
-
income
218
240
-
-
total
218
240
-
-
Dividends
1 958
2 160
-
-
withholding
98
108
-
-
total
98
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
399
348
361
461
After tax
2 001
2 052
2 039
1 939
Living cost
142
142
142
142
Free-cash
1 859
1 910
1 897
1 797

Estimated living cost  is $142 per week

$83
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.
$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 Varna model

Close
Amsterdam , Netherlands
$598
$623
$692
$936
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
-
-
-
2 400
income
-
-
-
850
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
1 109
Employee
1 001
922
2 199
-
health
125
120
133
-
income

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

151
151
405
-
pensions
126
126
126
-
total
402
397
664
-
Employer
1 001
922
2 199
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
1 224
1 317
-
-
income
245
263
-
-
total
245
263
-
-
Dividends
979
1 053
-
-
income
208
224
-
-
withholding
147
158
-
-
total
355
382
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 178
1 203
865
1 109
After tax
1 222
1 197
1 535
1 291
Living cost
599
599
599
599
Free-cash
623
598
936
692

Estimated living cost  is $599 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1394
$1302
$1160
$1055
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
-
-
-
2 400
income
-
-
-
256
health
-
-
-
324
solidarity contribution
-
-
-
30
social contributions
-
-
-
372
total
-
-
-
982
Employee
380
-
1 910
-
social contributions
25
-
83
-
health
51
-
258
-
solidarity contribution
-
-
21
-
income
46
-
235
-
total
122
-
597
-
Employer
380
-
1 910
-
social contributions
95
-
318
-
health
34
-
172
-
total
129
-
490
-
Corporate
1 891
2 400
-
-
income
359
456
-
-
total
359
456
-
-
Dividends
1 532
1 944
-
-
withholding
230
292
-
-
total
230
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
840
748
1 087
982
After tax
1 560
1 652
1 313
1 418
Living cost
258
258
258
258
Free-cash
1 302
1 394
1 055
1 160

Estimated living cost  is $258 per week

$179
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.
$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

Source of data for Brno model

Close
Milan , Italy
$824
$768
$699
$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
-
-
-
2 400
municipal
-
-
-
15
regional
-
-
-
30
national
-
-
-
660
social contributions
-
-
-
540
total
-
-
-
1 245
Employee
960
-
2 400
-
social contributions
324
-
708
-
regional
9
-
27
-
municipal
5
-
14
-
national
166
-
587
-
total
504
-
1 336
-
Employer
960
-
2 400
-
total
-
-
-
-
Corporate
1 440
2 400
-
-
nationa
346
576
-
-
municipal
56
94
-
-
total
402
670
-
-
Dividends
1 039
1 730
-
-
withholding
270
450
-
-
total
270
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 176
1 120
1 336
1 245
After tax
1 224
1 280
1 064
1 155
Living cost
456
456
456
456
Free-cash
768
824
608
699

Estimated living cost  is $456 per week

$318
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.
$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

Source of data for Milan model

Close
Thessaloniki , Greece
$1272
$1238
$892
$825
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
-
-
-
2 400
income
-
-
-
752
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
126
total
-
-
-
1 270
Employee
357
-
2 097
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
113
-
income
60
-
687
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
119
-
1 033
-
Employer
357
-
2 097
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
192
-
health
16
-
66
-
total
75
-
304
-
Corporate
1 968
2 400
-
-
income
512
624
-
-
total
512
624
-
-
Dividends
1 456
1 776
-
-
withholding
218
266
-
-
total
218
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
924
890
1 337
1 270
After tax
1 476
1 510
1 063
1 130
Living cost
238
238
238
238
Free-cash
1 238
1 272
825
892

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$1024
$1095
$1061
$847
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
-
-
-
2 400
income
-
-
-
739
pensions
-
-
-
107
total
-
-
-
846
Employee
684
-
2 092
-
health
10
-
28
-
income
123
-
596
-
pensions
58
-
128
-
total
191
-
752
-
Employer
684
-
2 092
-
pensions
74
-
268
-
health
13
-
40
-
total
87
-
308
-
Corporate
1 629
2 400
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

310
456
-
-
total
310
456
-
-
Dividends
1 319
1 944
-
-
withholding
224
427
-
-
total
224
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
812
883
1 060
846
After tax
1 588
1 517
1 340
1 554
Living cost
493
493
493
493
Free-cash
1 095
1 024
847
1 061

Estimated living cost  is $493 per week

$369
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.
$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

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
$276
$627
$1084
$996
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
-
-
-
2 400
city
-
-
-
25
pensions
-
-
-
221
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.

-
-
-
48
regional
-
-
-
134
health
-
-
-
5
national
-
-
-
62
total
-
-
-
495
Employee
961
-
2 160
-
city
10
-
23
-
regional
31
-
120
-
health
2
-
5
-
pensions
81
-
168
-
unemployment
-
-
-
-
national
5
-
51
-
total
129
-
367
-
Employer
961
-
2 160
-
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.

19
-
43
-
unemployment
-
-
-
-
pensions
81
-
168
-
health
2
-
5
-
total
102
-
216
-
Corporate
1 326
2 400
-
-
regional
281
508
-
-
national
113
204
-
-
total
394
712
-
-
Dividends
933
1 688
-
-
withholding
327
591
-
-
total
327
591
-
-
Income
2 400
2 400
2 400
2 400
Total tax
952
1 303
583
495
After tax
1 448
1 097
1 817
1 905
Living cost
821
821
821
821
Free-cash
627
276
996
1 084

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
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.
$203
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
$689
$866
$664
$990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
trade
-
-
-
326
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.

-
-
-
797
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.

-
-
-
74
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.

-
-
-
44
total
-
-
-
1 241
Employee

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

649
-
2 400
-
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.

74
-
74
-
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.

4
-
44
-
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.

76
-
797
-
total
154
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 751
2 400
-
-
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
-
-
income
263
360
-
-
trade
300
412
-
-
chamber of commerce
4
5
-
-
total
581
797
-
-
Dividends
1 170
1 604
-
-
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
-
-
withholding
288
397
-
-
total
304
419
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 039
1 216
915
1 241
After tax
1 361
1 184
1 485
1 159
Living cost
495
495
495
495
Free-cash
866
689
990
664

Estimated living cost  is $495 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$841
$906
$948
$880
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
-
-
-
2 400
income
-
-
-
444
pensions
-
-
-
380
other
-
-
-
74
health
-
-
-
117
surtax
-
-
-
-
social contributions
-
-
-
68
total
-
-
-
1 083
Employee
462
-
1 832
-
social contributions
13
-
52
-
surtax
-
-
-
-
income
27
-
394
-
pensions
52
-
138
-
total
92
-
584
-
Employer
462
-
1 832
-
other
16
-
76
-
social contributions
1
-
5
-
unemployment
19
-
74
-
pensions
76
-
230
-
health
32
-
182
-
total
144
-
567
-
Corporate
1 794
2 400
-
-
surtax
-
-
-
-
income
502
672
-
-
total
502
672
-
-
Dividends
1 291
1 728
-
-
surtax
-
-
-
-
social contributions
222
297
-
-
withholding
165
221
-
-
total
387
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 125
1 190
1 151
1 083
After tax
1 275
1 210
1 249
1 317
Living cost
369
369
369
369
Free-cash
906
841
880
948

Estimated living cost  is $369 per week

$233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$877
$937
$984
$916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
444
pensions
-
-
-
380
other
-
-
-
74
health
-
-
-
117
surtax
-
-
-
-
social contributions
-
-
-
68
total
-
-
-
1 083
Employee
412
-
1 832
-
social contributions
12
-
52
-
surtax
-
-
-
-
income
21
-
394
-
pensions
47
-
138
-
total
80
-
584
-
Employer
412
-
1 832
-
other
14
-
76
-
social contributions
1
-
5
-
unemployment
17
-
74
-
pensions
68
-
230
-
health
29
-
182
-
total
129
-
567
-
Corporate
1 859
2 400
-
-
surtax
-
-
-
-
income
520
672
-
-
total
520
672
-
-
Dividends
1 338
1 728
-
-
surtax
-
-
-
-
social contributions
230
297
-
-
withholding
171
221
-
-
total
401
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 130
1 190
1 151
1 083
After tax
1 270
1 210
1 249
1 317
Living cost
333
333
333
333
Free-cash
937
877
916
984

Estimated living cost  is $333 per week

$193
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.
$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

Source of data for Marseille model

Close
Vilnius , Lithuania
$1235
$1239
$1312
$1248
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
-
-
-
2 400
income
-
-
-
360
health
-
-
-
168
social contributions
-
-
-
331
total
-
-
-
859
Employee
366
-
2 400
-
social contributions
51
-
331
-
health
26
-
168
-
income
61
-
424
-
total
138
-
923
-
Employer
366
-
2 400
-
total
-
-
-
-
Corporate
2 034
2 400
-
-
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%.

102
120
-
-
total
102
120
-
-
Dividends
1 932
2 280
-
-
health
135
159
-
-
social contributions
267
315
-
-
withholding
290
342
-
-
total
692
816
-
-
Income
2 400
2 400
2 400
2 400
Total tax
932
936
923
859
After tax
1 468
1 464
1 477
1 541
Living cost
229
229
229
229
Free-cash
1 239
1 235
1 248
1 312

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Vilnius model

Close
Vienna , Austria
$943
$928
$851
$250
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
-
-
-
2 400
chamber of commerce
-
-
-
10
income
-
-
-
762
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
1 169
Employee
540
430
1 982
-
other
5
4
13
-
health
21
17
49
-
income
61
32
639
-
pensions
55
44
129
-
unemployment
16
13
38
-
total
158
110
868
-
Employer
540
430
1 982
-
accident
7
6
16
-
other
26
20
88
-
chamber of commerce
2
2
8
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
158
-
payroll
16
13
59
-
health
20
16
48
-
total
157
126
417
-
Corporate
1 703
1 844
1 941
-
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.

426
461
485
-
total
426
461
485
-
Dividends
1 277
1 383
-
-
withholding
351
380
-
-
total
351
380
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 092
1 077
1 770
1 169
After tax
1 308
1 323
630
1 231
Living cost
380
380
380
380
Free-cash
928
943
250
851

Estimated living cost  is $380 per week

$254
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$924
$786
$650
$424
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
-
-
-
2 400
national
-
-
-
959
communal

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

-
-
-
128
social contributions
-
-
-
269
total
-
-
-
1 356
Employee

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

772
-
1 859
-
communal

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

40
-
97
-
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.

36
-
87
-
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.

58
-
139
-
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
-
16
-
national
237
-
702
-
total
378
-
1 041
-
Employer

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

772
-
1 859
-
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
-
24
-
unemployment

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

11
-
27
-
surtax
88
-
211
-
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.

68
-
165
-
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.

47
-
114
-
total
224
-
541
-
Corporate
1 403
2 400
-
-
surtax
6
10
-
-
income
281
512
-
-
total
287
522
-
-
Dividends
1 117
1 878
-
-
withholding

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

331
560
-
-
total
331
560
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 220
1 082
1 582
1 356
After tax
1 180
1 318
818
1 044
Living cost
394
394
394
394
Free-cash
786
924
424
650

Estimated living cost  is $394 per week

$254
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.
$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

Source of data for Brussels model

Close
Barcelona , Spain
$1204
$1129
$952
$906
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
-
-
-
2 400
accident
-
-
-
9
income
-
-
-
758
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 058
Employee
537
-
2 081
-
other
1
-
1
-
income
113
-
721
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
147
-
785
-
Employer
537
-
2 081
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
1 691
2 400
-
-
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.

254
360
-
-
total
254
360
-
-
Dividends
1 438
2 040
-
-
withholding
308
446
-
-
total
308
446
-
-
Income
2 400
2 400
2 400
2 400
Total tax
881
806
1 104
1 058
After tax
1 519
1 594
1 296
1 342
Living cost
390
390
390
390
Free-cash
1 129
1 204
906
952

Estimated living cost  is $390 per week

$287
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$775
$627
$543
$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
-
-
-
2 400
accident
-
-
-
20
income
-
-
-
450
pensions
-
-
-
360
health
-
-
-
169
surtax
-
-
-
119
communal
-
-
-
152
total
-
-
-
1 270
Employee
818
-
2 144
-
health
36
-
95
-
surtax
50
-
131
-
income
79
-
519
-
pensions
65
-
171
-
total
230
-
916
-
Employer
818
-
2 144
-
accident
7
-
19
-
pensions
65
-
171
-
health
25
-
65
-
total
97
-
255
-
Corporate
1 485
2 400
-
-
surtax
16
25
-
-
communal
100
162
-
-
income
223
360
-
-
total
339
547
-
-
Dividends
1 146
1 853
-
-
income
348
213
-
-
withholding
172
278
-
-
total
520
491
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 186
1 038
1 171
1 270
After tax
1 214
1 362
1 229
1 130
Living cost
587
587
587
587
Free-cash
627
775
642
543

Estimated living cost  is $587 per week

$440
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.
$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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1267
$1232
$887
$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
-
-
-
2 400
income
-
-
-
752
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
126
total
-
-
-
1 270
Employee
364
-
2 097
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
113
-
income
61
-
687
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
120
-
1 033
-
Employer
364
-
2 097
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
48
-
192
-
health
17
-
66
-
total
77
-
304
-
Corporate
1 960
2 400
-
-
income
510
624
-
-
total
510
624
-
-
Dividends
1 450
1 776
-
-
withholding
218
266
-
-
total
218
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
925
890
1 337
1 270
After tax
1 475
1 510
1 063
1 130
Living cost
243
243
243
243
Free-cash
1 232
1 267
820
887

Estimated living cost  is $243 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$971
$946
$856
$766
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
-
-
-
2 400
municipal
-
-
-
15
regional
-
-
-
38
national
-
-
-
660
social contributions
-
-
-
540
total
-
-
-
1 253
Employee
599
-
2 400
-
social contributions
202
-
708
-
regional
8
-
34
-
municipal
3
-
14
-
national
95
-
587
-
total
308
-
1 343
-
Employer
599
-
2 400
-
total
-
-
-
-
Corporate
1 801
2 400
-
-
nationa
432
576
-
-
municipal
90
119
-
-
total
522
695
-
-
Dividends
1 279
1 705
-
-
withholding
333
443
-
-
total
333
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 163
1 138
1 343
1 253
After tax
1 237
1 262
1 057
1 147
Living cost
291
291
291
291
Free-cash
946
971
766
856

Estimated living cost  is $291 per week

$181
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$1334
$1222
$1100
$995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
256
health
-
-
-
324
solidarity contribution
-
-
-
30
social contributions
-
-
-
372
total
-
-
-
982
Employee
468
-
1 910
-
social contributions
30
-
83
-
health
63
-
258
-
solidarity contribution
-
-
21
-
income
56
-
235
-
total
149
-
597
-
Employer
468
-
1 910
-
social contributions
117
-
318
-
health
42
-
172
-
total
159
-
490
-
Corporate
1 773
2 400
-
-
income
337
456
-
-
total
337
456
-
-
Dividends
1 436
1 944
-
-
withholding
215
292
-
-
total
215
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
860
748
1 087
982
After tax
1 540
1 652
1 313
1 418
Living cost
318
318
318
318
Free-cash
1 222
1 334
995
1 100

Estimated living cost  is $318 per week

$237
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.
$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.
$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

Source of data for Prague model

Close
Graz , Austria
$980
$976
$889
$285
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
-
-
-
2 400
chamber of commerce
-
-
-
10
income
-
-
-
762
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
1 167
Employee
472
430
1 984
-
other
5
4
13
-
health
18
17
49
-
income
42
32
640
-
pensions
48
44
129
-
unemployment
14
13
38
-
total
127
110
869
-
Employer
472
430
1 984
-
accident
6
6
16
-
other
22
20
88
-
chamber of commerce
2
2
8
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
158
-
payroll
14
13
60
-
health
18
16
48
-
total
135
124
416
-
Corporate
1 792
1 846
1 943
-
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.

448
461
486
-
total
448
461
486
-
Dividends
1 344
1 384
-
-
withholding
370
381
-
-
total
370
381
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 080
1 076
1 771
1 167
After tax
1 320
1 324
629
1 233
Living cost
344
344
344
344
Free-cash
976
980
285
889

Estimated living cost  is $344 per week

$207
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.
$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 Graz model

Close
Tbilisi , Georgia
$2128
$2100
$2224
$1768
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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
191
-
2 400
-
income
38
-
480
-
total
38
-
480
-
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%.

2 209
2 400
-
-
total
-
-
-
-
Dividends
2 209
2 400
-
-
withholding
110
120
-
-
total
110
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
148
120
480
24
After tax
2 252
2 280
1 920
2 376
Living cost
152
152
152
152
Free-cash
2 100
2 128
1 768
2 224

Estimated living cost  is $152 per week

$103
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.
$38
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
$1362
$1272
$827
$775
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.

-
-
-
2 400
income
-
-
-
605
pensions
-
-
-
438
unemployment
-
-
-
4
health
-
-
-
236
total
-
-
-
1 283
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.

477
-
2 077
-
health
31
-
134
-
income
82
-
553
-
pensions
74
-
322
-
unemployment
1
-
3
-
total
188
-
1 012
-
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.

477
-
2 077
-
unemployment
-
-
1
-
pensions
42
-
184
-
health
32
-
138
-
total
74
-
323
-
Corporate
1 848
2 400
-
-
income
351
456
-
-
total
351
456
-
-
Dividends
1 497
1 944
-
-
withholding
225
292
-
-
total
225
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
838
748
1 335
1 283
After tax
1 562
1 652
1 065
1 117
Living cost
290
290
290
290
Free-cash
1 272
1 362
775
827

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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.
$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 Ljubljana model

Close
Oslo , Norway
$992
$476
$1190
$1789
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
-
-
-
2 400
income
-
-
-
468
social contributions
-
-
-
274
total
-
-
-
742
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
947
-
135
-
total
947
-
135
-
Corporate
782
2 400
-
-
income
172
528
-
-
total
172
528
-
-
Dividends
610
1 872
-
-
income
134
412
-
-
total
134
412
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 456
940
143
742
After tax
944
1 460
2 257
1 658
Living cost
468
468
468
468
Free-cash
476
992
1 789
1 190

Estimated living cost  is $468 per week

$304
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.
$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.
$114
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
$1026
$1015
$914
$728
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.

-
-
-
2 400
income
-
-
-
313
surtax
-
-
-
-
social contributions

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

-
-
-
834
total
-
-
-
1 147
Employee
497
-
1 939
-
social contributions
55
-
213
-
surtax
-
-
2
-
income
103
-
657
-
total
158
-
872
-
Employer
497
-
1 939
-
social contributions
118
-
461
-
total
118
-
461
-
Corporate
1 786
2 400
-
-
surtax
-
-
-
-
income
375
504
-
-
total
375
504
-
-
Dividends
1 411
1 896
-
-
withholding
395
531
-
-
total
395
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 046
1 035
1 333
1 147
After tax
1 354
1 365
1 067
1 253
Living cost
339
339
339
339
Free-cash
1 015
1 026
728
914

Estimated living cost  is $339 per week

$253
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$689
$765
$796
$728
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
-
-
-
2 400
income
-
-
-
444
pensions
-
-
-
380
other
-
-
-
74
health
-
-
-
117
surtax
-
-
-
-
social contributions
-
-
-
68
total
-
-
-
1 083
Employee
676
-
1 832
-
social contributions
19
-
52
-
surtax
-
-
-
-
income
59
-
394
-
pensions
76
-
138
-
total
154
-
584
-
Employer
676
-
1 832
-
other
23
-
76
-
social contributions
2
-
5
-
unemployment
27
-
74
-
pensions
111
-
230
-
health
47
-
182
-
total
210
-
567
-
Corporate
1 513
2 400
-
-
surtax
-
-
-
-
income
424
672
-
-
total
424
672
-
-
Dividends
1 089
1 728
-
-
surtax
-
-
-
-
social contributions
187
297
-
-
withholding
139
221
-
-
total
326
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 114
1 190
1 151
1 083
After tax
1 286
1 210
1 249
1 317
Living cost
521
521
521
521
Free-cash
765
689
728
796

Estimated living cost  is $521 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
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
$1835
$1798
$1425
$1489
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
-
-
-
2 400
income
-
-
-
122
social contributions
-
-
-
528
total
-
-
-
650
Employee
347
-
2 078
-
income
-
-
129
-
social contributions
23
-
135
-
total
23
-
264
-
Employer
347
-
2 078
-
social contributions
54
-
322
-
total
54
-
322
-
Corporate
1 999
2 400
-
-
income
200
240
-
-
total
200
240
-
-
Dividends
1 799
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
277
240
586
650
After tax
2 123
2 160
1 814
1 750
Living cost
325
325
325
325
Free-cash
1 798
1 835
1 489
1 425

Estimated living cost  is $325 per week

$210
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$48
$28
$867
$48
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
-
-
-
2 400
municipal
-
-
-
515
pensions
-
-
-
9
national
-
-
-
298
labour market
-
-
-
191
total
-
-
-
1 013
Employee
2 195
2 195
2 195
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 195
2 195
2 195
-
labour market
176
176
176
-
municipal
468
468
468
-
pensions
6
6
6
-
national
269
269
269
-
total
919
919
919
-
Corporate
48
-
-
-
income
10
-
-
-
total
10
-
-
-
Dividends
37
-
-
-
withholding
10
-
-
-
total
10
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 852
1 832
1 832
1 013
After tax
548
568
568
1 387
Living cost
520
520
520
520
Free-cash
28
48
48
867

Estimated living cost  is $520 per week

$356
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$39
$160
$1406
$1087
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
-
-
-
2 400
accident
-
-
-
3
income
-
-
-
686
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
761
Employee
367
-
2 191
-
health
42
-
251
-
income
50
-
537
-
pensions
41
-
82
-
total
133
-
870
-
Employer
367
-
2 191
-
accident
6
-
37
-
unemployment
9
-
54
-
pensions
60
-
119
-
total
75
-
210
-
Corporate
1 958
2 400
-
-
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.

1 762
2 160
-
-
total
1 762
2 160
-
-
Dividends
196
240
-
-
withholding
37
46
-
-
total
37
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 007
2 206
1 080
761
After tax
393
194
1 320
1 639
Living cost
233
233
233
233
Free-cash
160
-39
1 087
1 406

Estimated living cost  is $233 per week

$170
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.
$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

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
$1058
$1091
$1061
$785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
municipal
-
-
-
426
health
-
-
-
32
national
-
-
-
466
total
-
-
-
924
Employee
568
-
2 019
-
health
4
-
27
-
municipal
93
-
329
-
pensions
38
-
136
-
unemployment
9
-
30
-
national
9
-
297
-
total
153
-
819
-
Employer
568
-
2 019
-
accident
1
-
2
-
unemployment
4
-
13
-
pensions
99
-
350
-
health
4
-
16
-
total
108
-
381
-
Corporate
1 725
2 400
-
-
income
345
480
-
-
total
345
480
-
-
Dividends

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

1 035
1 440
-
-
national
102
188
-
-
municipal
186
259
-
-
total
288
447
-
-
Income
2 400
2 400
2 400
2 400
Total tax
894
927
1 200
924
After tax
1 506
1 473
1 200
1 476
Living cost
415
415
415
415
Free-cash
1 091
1 058
785
1 061

Estimated living cost  is $415 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1499
$1442
$1365
$1346
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
-
-
-
2 400
income
-
-
-
549
health
-
-
-
61
social contributions
-
-
-
175
total
-
-
-
785
Employee
830
830
2 265
-
social contributions
31
69
93
-
health
6
14
38
-
income
90
77
538
-
total
127
160
669
-
Employer
830
830
2 265
-
social contributions
31
69
93
-
health
7
15
42
-
total
38
84
135
-
Corporate
1 983
1 485
-
-
income
248
186
-
-
total
248
186
-
-
Dividends
1 736
1 300
-
-
withholding
295
221
-
-
total
295
221
-
-
Income
2 400
2 400
2 400
2 400
Total tax
708
651
804
785
After tax
1 692
1 749
1 596
1 615
Living cost
250
250
250
250
Free-cash
1 442
1 499
1 346
1 365

Estimated living cost  is $250 per week

$150
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1816
$1762
$1873
$1656
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
-
-
-
2 400
income
-
-
-
248
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
356
Employee

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

248
-
2 294
-
health
21
-
87
-
income
17
-
222
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
468
-
Employer

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

248
-
2 294
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
2 127
2 400
-
-
income
191
216
-
-
total
191
216
-
-
Dividends
1 935
2 184
-
-
withholding
174
197
-
-
total
174
197
-
-
Income
2 400
2 400
2 400
2 400
Total tax
467
413
573
356
After tax
1 933
1 987
1 827
2 044
Living cost
171
171
171
171
Free-cash
1 762
1 816
1 656
1 873

Estimated living cost  is $171 per week

$109
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 Podgorica model

Close
Valencia , Spain
$1297
$1250
$1045
$999
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
-
-
-
2 400
accident
-
-
-
9
income
-
-
-
758
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 058
Employee
399
-
2 081
-
other
-
-
1
-
income
77
-
721
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
785
-
Employer
399
-
2 081
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
1 873
2 400
-
-
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.

281
360
-
-
total
281
360
-
-
Dividends
1 592
2 040
-
-
withholding
343
446
-
-
total
343
446
-
-
Income
2 400
2 400
2 400
2 400
Total tax
853
806
1 104
1 058
After tax
1 547
1 594
1 296
1 342
Living cost
297
297
297
297
Free-cash
1 250
1 297
999
1 045

Estimated living cost  is $297 per week

$200
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.
$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 Valencia model

Close
Istanbul , Turkey
$1468
$1463
$1512
$1511
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
-
-
-
2 400
income
-
-
-
820
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
858
Employee
45
-
2 376
-
health
2
-
5
-
income
9
-
819
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
835
-
Employer
45
-
2 376
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
2 345
2 400
-
-
income
516
528
-
-
total
516
528
-
-
Dividends
1 829
1 872
-
-
withholding
366
374
-
-
total
366
374
-
-
Income
2 400
2 400
2 400
2 400
Total tax
907
902
859
858
After tax
1 493
1 498
1 541
1 542
Living cost
30
30
30
30
Free-cash
1 463
1 468
1 511
1 512

Estimated living cost  is $30 per week

$18
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.
$9
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
$1547
$1495
$1357
$1356
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.

-
-
-
2 400
income
-
-
-
555
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
856
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.

282
-
2 257
-
health
14
-
41
-
income
39
-
555
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
714
-
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.

282
-
2 257
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
2 068
2 400
-
-
income
310
360
-
-
total
310
360
-
-
Dividends
1 758
2 040
-
-
withholding
264
306
-
-
total
264
306
-
-
Income
2 400
2 400
2 400
2 400
Total tax
718
666
857
856
After tax
1 682
1 734
1 543
1 544
Living cost
187
187
187
187
Free-cash
1 495
1 547
1 356
1 357

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
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
$1074
$1070
$962
$776
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.

-
-
-
2 400
income
-
-
-
313
surtax
-
-
-
-
social contributions

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

-
-
-
834
total
-
-
-
1 147
Employee
419
-
1 939
-
social contributions
46
-
213
-
surtax
-
-
2
-
income
82
-
657
-
total
128
-
872
-
Employer
419
-
1 939
-
social contributions
100
-
461
-
total
100
-
461
-
Corporate
1 881
2 400
-
-
surtax
-
-
-
-
income
395
504
-
-
total
395
504
-
-
Dividends
1 486
1 896
-
-
withholding
416
531
-
-
total
416
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 039
1 035
1 333
1 147
After tax
1 361
1 365
1 067
1 253
Living cost
291
291
291
291
Free-cash
1 070
1 074
776
962

Estimated living cost  is $291 per week

$206
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1215
$1143
$963
$917
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
-
-
-
2 400
accident
-
-
-
9
income
-
-
-
758
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 058
Employee
521
-
2 081
-
other
1
-
1
-
income
109
-
721
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
785
-
Employer
521
-
2 081
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
1 712
2 400
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

257
360
-
-
total
257
360
-
-
Dividends
1 455
2 040
-
-
withholding
312
446
-
-
total
312
446
-
-
Income
2 400
2 400
2 400
2 400
Total tax
878
806
1 104
1 058
After tax
1 522
1 594
1 296
1 342
Living cost
379
379
379
379
Free-cash
1 143
1 215
917
963

Estimated living cost  is $379 per week

$273
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.
$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.
$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

Source of data for Madrid model

Close
Sofia , Bulgaria
$1866
$1799
$1753
$1853
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
-
-
-
2 400
income
-
-
-
360
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
461
Employee
246
-
2 326
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
233
-
pensions

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

22
-
33
-
total
61
-
287
-
Employer
246
-
2 326
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
2 106
2 400
-
-
income
211
240
-
-
total
211
240
-
-
Dividends
1 895
2 160
-
-
withholding
95
108
-
-
total
95
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
415
348
361
461
After tax
1 985
2 052
2 039
1 939
Living cost
186
186
186
186
Free-cash
1 799
1 866
1 853
1 753

Estimated living cost  is $186 per week

$123
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$817
$960
$796
$1068
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.

-
-
-
2 400
trade
-
-
-
272
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.

-
-
-
797
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.

-
-
-
74
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.

-
-
-
44
total
-
-
-
1 187
Employee

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

537
-
2 400
-
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.

74
-
74
-
surtax

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

2
-
44
-
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.

44
-
797
-
total
120
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 863
2 400
-
-
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
20
-
-
income
279
360
-
-
trade
267
344
-
-
chamber of commerce
4
5
-
-
total
565
729
-
-
Dividends
1 296
1 671
-
-
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.

18
23
-
-
withholding
320
414
-
-
total
338
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 023
1 166
915
1 187
After tax
1 377
1 234
1 485
1 213
Living cost
417
417
417
417
Free-cash
960
817
1 068
796

Estimated living cost  is $417 per week

$288
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.
$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

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
$1065
$1090
$591
$591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
782
social contributions
-
-
-
412
total
-
-
-
1 194
Employee
845
-
2 400
-
income
159
-
782
-
social contributions
70
-
412
-
total
229
-
1 194
-
Employer
845
-
2 400
-
total
-
-
-
-
Corporate
1 555
2 400
-
-
income
194
300
-
-
total
194
300
-
-
Dividends
1 361
2 100
-
-
withholding
272
420
-
-
total
272
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
695
720
1 194
1 194
After tax
1 705
1 680
1 206
1 206
Living cost
615
615
615
615
Free-cash
1 090
1 065
591
591

Estimated living cost  is $615 per week

$468
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$1111
$1148
$1576
$1283
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.

-
-
-
2 400
income
-
-
-
360
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
-
-
-
432
Employee
495
-
2 350
-
income
54
-
625
-
social contributions
50
-
50
-
total
104
-
675
-
Employer
495
-
2 350
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 855
2 400
-
-
income
649
840
-
-
total
649
840
-
-
Dividends
1 206
1 560
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 400
2 400
2 400
2 400
Total tax
860
897
725
432
After tax
1 540
1 503
1 675
1 968
Living cost
392
392
392
392
Free-cash
1 148
1 111
1 283
1 576

Estimated living cost  is $392 per week

$258
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$1116
$1180
$1153
$939
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
-
-
-
2 400
income
-
-
-
739
pensions
-
-
-
107
total
-
-
-
846
Employee
550
-
2 092
-
health
7
-
28
-
income
100
-
596
-
pensions
42
-
128
-
total
149
-
752
-
Employer
550
-
2 092
-
pensions
56
-
268
-
health
10
-
40
-
total
66
-
308
-
Corporate
1 784
2 400
-
-
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.

339
456
-
-
total
339
456
-
-
Dividends
1 445
1 944
-
-
withholding
265
427
-
-
total
265
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
819
883
1 060
846
After tax
1 581
1 517
1 340
1 554
Living cost
401
401
401
401
Free-cash
1 180
1 116
939
1 153

Estimated living cost  is $401 per week

$275
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.

Source of data for Edinburgh model

Close
Warsaw , Poland
-$63
$155
$1382
$1063
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
-
-
-
2 400
accident
-
-
-
3
income
-
-
-
686
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
761
Employee
404
-
2 191
-
health
46
-
251
-
income
55
-
537
-
pensions
45
-
82
-
total
146
-
870
-
Employer
404
-
2 191
-
accident
7
-
37
-
unemployment
10
-
54
-
pensions
66
-
119
-
total
83
-
210
-
Corporate
1 914
2 400
-
-
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.

1 723
2 160
-
-
total
1 723
2 160
-
-
Dividends
191
240
-
-
withholding
36
46
-
-
total
36
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 988
2 206
1 080
761
After tax
412
194
1 320
1 639
Living cost
257
257
257
257
Free-cash
155
-63
1 063
1 382

Estimated living cost  is $257 per week

$188
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1690
$1657
$1375
$1614
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.

-
-
-
2 400
work injury
-
-
-
9
health insurance
-
-
-
128
income
-
-
-
403
pensions
-
-
-
318
unemployment
-
-
-
21
total
-
-
-
879
Employee

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

233
-
2 400
-
work injury
1
-
4
-
income
23
-
403
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
640
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 167
2 400
-
-
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%.

217
240
-
-
total
217
240
-
-
Dividends
1 950
2 160
-
-
withholding
293
324
-
-
total
293
324
-
-
Income
2 400
2 400
2 400
2 400
Total tax
597
564
640
879
After tax
1 803
1 836
1 760
1 521
Living cost
146
146
146
146
Free-cash
1 657
1 690
1 614
1 375

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$40
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
$834
$784
$695
$607
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
-
-
-
2 400
municipal
-
-
-
17
regional
-
-
-
58
national
-
-
-
660
social contributions
-
-
-
540
total
-
-
-
1 275
Employee
910
-
2 400
-
social contributions
307
-
708
-
regional
14
-
53
-
municipal
5
-
15
-
national
154
-
587
-
total
480
-
1 363
-
Employer
910
-
2 400
-
total
-
-
-
-
Corporate
1 490
2 400
-
-
nationa
358
576
-
-
municipal
72
116
-
-
total
430
692
-
-
Dividends
1 061
1 708
-
-
withholding
276
444
-
-
total
276
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 186
1 136
1 363
1 275
After tax
1 214
1 264
1 037
1 125
Living cost
430
430
430
430
Free-cash
784
834
607
695

Estimated living cost  is $430 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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