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
$ 2450
per

Your estimated
City
free-cash

Dresden , Germany
$908
$1025
$879
$1186
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.

-
-
-
2 450
trade
-
-
-
307
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.

-
-
-
818
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.

-
-
-
45
total
-
-
-
1 244
Employee

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

413
-
2 450
-
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
-
45
-
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
-
818
-
total
87
-
937
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 037
2 450
-
-
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
20
-
-
income
306
367
-
-
trade
321
386
-
-
chamber of commerce
5
5
-
-
total
649
778
-
-
Dividends
1 389
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.

19
23
-
-
withholding
343
414
-
-
total
362
437
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 098
1 215
937
1 244
After tax
1 352
1 235
1 513
1 206
Living cost
327
327
327
327
Free-cash
1 025
908
1 186
879

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
$984
$974
$849
$861
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
-
-
-
2 450
municipal
-
-
-
272
pensions
-
-
-
294
national
-
-
-
464
social contributions
-
-
-
26
total
-
-
-
1 056
Employee
844
-
2 118
-
municipal
104
-
282
-
pensions
34
-
85
-
national
162
-
485
-
total
300
-
852
-
Employer
844
-
2 118
-
social contributions
9
-
23
-
pensions
68
-
169
-
total
77
-
192
-
Corporate
1 474
2 450
-
-
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%.

295
490
-
-
total
295
490
-
-
Dividends
1 179
1 960
-
-
withholding
259
431
-
-
total
259
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
931
921
1 044
1 056
After tax
1 519
1 529
1 406
1 394
Living cost
545
545
545
545
Free-cash
974
984
861
849

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
$1735
$1646
$668
$841
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.

-
-
-
2 450
microenterprise
-
-
-
-
income
-
-
-
519
surtax
-
-
-
625
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.

-
-
-
413
total
-
-
-
1 557
Employee
315
-
1 928
-
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
-
141
-
surtax
-
-
280
-
income
56
-
441
-
total
91
-
862
-
Employer
315
-
1 928
-
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
-
-
212
-
total
76
-
522
-
Corporate
2 059
2 450
-
-
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%.

412
490
-
-
total
412
490
-
-
Dividends

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

1 647
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
579
490
1 384
1 557
After tax
1 871
1 960
1 066
893
Living cost
225
225
225
225
Free-cash
1 646
1 735
841
668

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
$771
$704
$863
$1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
876
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
1 135
Employee
922
922
2 249
-
health
141
120
133
-
income

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

151
151
423
-
pensions
166
126
126
-
total
458
397
682
-
Employer
922
922
2 249
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
1 378
1 367
-
-
income
276
273
-
-
total
276
273
-
-
Dividends
1 103
1 094
-
-
income
234
232
-
-
withholding
165
164
-
-
total
399
396
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 294
1 227
883
1 135
After tax
1 156
1 223
1 567
1 315
Living cost
452
452
452
452
Free-cash
704
771
1 115
863

Estimated living cost  is $452 per week

$320
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
$922
$912
$804
$795
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
-
-
-
2 450
municipal
-
-
-
652
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
314
total
-
-
-
1 230
Employee
592
-
2 164
-
municipal
177
-
645
-
national
-
-
308
-
total
177
-
953
-
Employer
592
-
2 164
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
98
-
health
36
-
56
-
total
186
-
286
-
Corporate
1 671
2 450
-
-
income
368
539
-
-
total
368
539
-
-
Dividends
1 304
1 911
-
-
withholding
391
573
-
-
total
391
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 122
1 112
1 239
1 230
After tax
1 328
1 338
1 211
1 220
Living cost
416
416
416
416
Free-cash
912
922
795
804

Estimated living cost  is $416 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$799
$950
$769
$1089
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.

-
-
-
2 450
trade
-
-
-
320
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.

-
-
-
818
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.

-
-
-
45
total
-
-
-
1 257
Employee

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

547
-
2 450
-
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
-
45
-
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
-
818
-
total
124
-
937
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 903
2 450
-
-
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
285
367
-
-
trade
313
403
-
-
chamber of commerce
4
5
-
-
total
618
795
-
-
Dividends
1 284
1 654
-
-
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
23
-
-
withholding
317
409
-
-
total
334
432
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 076
1 227
937
1 257
After tax
1 374
1 223
1 513
1 193
Living cost
424
424
424
424
Free-cash
950
799
1 089
769

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
$1436
$1392
$1297
$1277
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
-
-
-
2 450
income
-
-
-
566
health
-
-
-
62
social contributions
-
-
-
175
total
-
-
-
803
Employee
830
830
2 314
-
social contributions
40
69
93
-
health
8
14
39
-
income
87
77
555
-
total
135
160
687
-
Employer
830
830
2 314
-
social contributions
40
69
93
-
health
9
15
43
-
total
49
84
136
-
Corporate
1 915
1 536
-
-
income
239
192
-
-
total
239
192
-
-
Dividends
1 676
1 344
-
-
withholding
285
228
-
-
total
285
228
-
-
Income
2 450
2 450
2 450
2 450
Total tax
708
664
823
803
After tax
1 742
1 786
1 627
1 647
Living cost
350
350
350
350
Free-cash
1 392
1 436
1 277
1 297

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
$1180
$1185
$1501
$1224
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
-
-
-
2 450
income
-
-
-
300
pensions
-
-
-
245
unemployment
-
-
-
37
health
-
-
-
172
total
-
-
-
754
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.

282
112
2 050
-
health
20
8
144
-
income
34
14
251
-
pensions
28
11
205
-
unemployment
4
2
31
-
total
86
35
631
-
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.

282
112
2 050
-
pensions
55
22
400
-
total
55
22
400
-
Corporate
2 113
2 316
-
-
income
190
208
-
-
total
190
208
-
-
Dividends
1 923
2 107
-
-
social contributions
374
410
-
-
withholding
365
400
-
-
total
739
810
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 070
1 075
1 031
754
After tax
1 380
1 375
1 419
1 696
Living cost
195
195
195
195
Free-cash
1 185
1 180
1 224
1 501

Estimated living cost  is $195 per week

$133
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
$1699
$1633
$1052
$1151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
328
pensions
-
-
-
490
health
-
-
-
319
total
-
-
-
1 137
Employee
306
-
1 831
-
income
34
-
353
-
pensions
6
-
37
-
unemployment
5
-
29
-
total
45
-
419
-
Employer
306
-
1 831
-
unemployment
2
-
15
-
pensions
61
-
366
-
health
40
-
238
-
total
103
-
619
-
Corporate
2 040
2 450
-
-
income
408
490
-
-
total
408
490
-
-
Dividends
1 632
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
556
490
1 038
1 137
After tax
1 894
1 960
1 412
1 313
Living cost
261
261
261
261
Free-cash
1 633
1 699
1 151
1 052

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
-$38
$163
$1436
$1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
703
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
778
Employee
371
-
2 240
-
health
42
-
256
-
income
51
-
551
-
pensions
42
-
82
-
total
135
-
889
-
Employer
371
-
2 240
-
accident
6
-
37
-
unemployment
9
-
55
-
pensions
60
-
118
-
total
75
-
210
-
Corporate
2 004
2 450
-
-
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.

1 803
2 205
-
-
total
1 803
2 205
-
-
Dividends
200
245
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 051
2 252
1 099
778
After tax
399
198
1 351
1 672
Living cost
236
236
236
236
Free-cash
163
-38
1 115
1 436

Estimated living cost  is $236 per week

$173
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
$2229
$2211
$2327
$1862
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%.

-
-
-
2 450
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
123
-
2 450
-
income
25
-
490
-
total
25
-
490
-
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%.

2 327
2 450
-
-
total
-
-
-
-
Dividends
2 327
2 450
-
-
withholding
116
123
-
-
total
116
123
-
-
Income
2 450
2 450
2 450
2 450
Total tax
141
123
490
25
After tax
2 309
2 327
1 960
2 425
Living cost
98
98
98
98
Free-cash
2 211
2 229
1 862
2 327

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.
$27
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
$1513
$1441
$1187
$1168
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
-
-
-
2 450
income
-
-
-
431
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
-
-
-
975
Employee
392
-
2 033
-
health
5
-
23
-
income
67
-
424
-
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
-
578
-
Employer
392
-
2 033
-
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
1 959
2 450
-
-
income
411
514
-
-
total
411
514
-
-
Dividends
1 548
1 936
-
-
withholding
108
135
-
-
total
108
135
-
-
Income
2 450
2 450
2 450
2 450
Total tax
721
649
994
975
After tax
1 729
1 801
1 456
1 475
Living cost
288
288
288
288
Free-cash
1 441
1 513
1 168
1 187

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
$819
$908
$859
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
757
pensions
-
-
-
108
total
-
-
-
865
Employee
1 028
-
2 135
-
health
17
-
29
-
income
185
-
611
-
pensions
99
-
129
-
total
301
-
769
-
Employer
1 028
-
2 135
-
pensions
121
-
274
-
health
20
-
41
-
total
141
-
315
-
Corporate
1 281
2 450
-
-
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.

243
466
-
-
total
243
466
-
-
Dividends
1 038
1 984
-
-
withholding
131
439
-
-
total
131
439
-
-
Income
2 450
2 450
2 450
2 450
Total tax
816
905
1 084
865
After tax
1 634
1 545
1 366
1 585
Living cost
726
726
726
726
Free-cash
908
819
640
859

Estimated living cost  is $726 per week

$544
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.
$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

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
$1953
$1902
$1840
$1942
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
-
-
-
2 450
income
-
-
-
367
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
-
-
-
468
Employee
187
-
2 376
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
238
-
pensions

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

16
-
33
-
total
46
-
292
-
Employer
187
-
2 376
-
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
2 226
2 450
-
-
income
223
245
-
-
total
223
245
-
-
Dividends
2 003
2 205
-
-
withholding
100
110
-
-
total
100
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
406
355
366
468
After tax
2 044
2 095
2 084
1 982
Living cost
142
142
142
142
Free-cash
1 902
1 953
1 942
1 840

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
$625
$649
$717
$969
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
-
-
-
2 450
income
-
-
-
876
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
1 135
Employee
1 001
922
2 249
-
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
423
-
pensions
126
126
126
-
total
402
397
682
-
Employer
1 001
922
2 249
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
1 274
1 367
-
-
income
255
273
-
-
total
255
273
-
-
Dividends
1 019
1 094
-
-
income
217
232
-
-
withholding
153
164
-
-
total
370
396
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 203
1 227
883
1 135
After tax
1 247
1 223
1 567
1 315
Living cost
598
598
598
598
Free-cash
649
625
969
717

Estimated living cost  is $598 per week

$441
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
$1428
$1337
$1195
$1086
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
-
-
-
2 450
income
-
-
-
262
health
-
-
-
331
solidarity contribution
-
-
-
33
social contributions
-
-
-
371
total
-
-
-
997
Employee
379
-
1 956
-
social contributions
25
-
83
-
health
51
-
264
-
solidarity contribution
-
-
24
-
income
45
-
241
-
total
121
-
612
-
Employer
379
-
1 956
-
social contributions
95
-
318
-
health
34
-
176
-
total
129
-
494
-
Corporate
1 942
2 450
-
-
income
369
466
-
-
total
369
466
-
-
Dividends
1 573
1 984
-
-
withholding
236
298
-
-
total
236
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
855
764
1 106
997
After tax
1 595
1 686
1 344
1 453
Living cost
258
258
258
258
Free-cash
1 337
1 428
1 086
1 195

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
$852
$797
$728
$636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
15
regional
-
-
-
31
national
-
-
-
681
social contributions
-
-
-
540
total
-
-
-
1 267
Employee
959
-
2 450
-
social contributions
323
-
708
-
regional
9
-
28
-
municipal
5
-
14
-
national
166
-
609
-
total
503
-
1 359
-
Employer
959
-
2 450
-
total
-
-
-
-
Corporate
1 491
2 450
-
-
nationa
358
588
-
-
municipal
58
96
-
-
total
416
684
-
-
Dividends
1 075
1 766
-
-
withholding
279
459
-
-
total
279
459
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 198
1 143
1 359
1 267
After tax
1 252
1 307
1 091
1 183
Living cost
455
455
455
455
Free-cash
797
852
636
728

Estimated living cost  is $455 per week

$317
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
$1303
$1269
$915
$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
-
-
-
2 450
income
-
-
-
774
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
131
total
-
-
-
1 297
Employee
357
-
2 147
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
118
-
income
60
-
710
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
119
-
1 061
-
Employer
357
-
2 147
-
other
-
-
-
-
unemployment
11
-
46
-
pensions
48
-
192
-
health
16
-
66
-
total
75
-
304
-
Corporate
2 018
2 450
-
-
income
525
637
-
-
total
525
637
-
-
Dividends
1 493
1 813
-
-
withholding
224
272
-
-
total
224
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
943
909
1 365
1 297
After tax
1 507
1 541
1 085
1 153
Living cost
238
238
238
238
Free-cash
1 269
1 303
847
915

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
$1049
$1122
$1089
$870
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
-
-
-
2 450
income
-
-
-
757
pensions
-
-
-
108
total
-
-
-
865
Employee
689
-
2 135
-
health
10
-
29
-
income
124
-
611
-
pensions
58
-
129
-
total
192
-
769
-
Employer
689
-
2 135
-
pensions
75
-
274
-
health
13
-
41
-
total
88
-
315
-
Corporate
1 673
2 450
-
-
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.

318
466
-
-
total
318
466
-
-
Dividends
1 355
1 984
-
-
withholding
234
439
-
-
total
234
439
-
-
Income
2 450
2 450
2 450
2 450
Total tax
832
905
1 084
865
After tax
1 618
1 545
1 366
1 585
Living cost
496
496
496
496
Free-cash
1 122
1 049
870
1 089

Estimated living cost  is $496 per week

$372
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.
$82
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
$296
$648
$1117
$1030
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
-
-
-
2 450
city
-
-
-
26
pensions
-
-
-
225
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.

-
-
-
49
regional
-
-
-
138
health
-
-
-
6
national
-
-
-
64
total
-
-
-
508
Employee
965
-
2 206
-
city
10
-
24
-
regional
32
-
123
-
health
2
-
5
-
pensions
81
-
171
-
unemployment
-
-
-
-
national
5
-
53
-
total
130
-
376
-
Employer
965
-
2 206
-
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
-
44
-
unemployment
-
-
-
-
pensions
81
-
171
-
health
2
-
5
-
total
102
-
220
-
Corporate
1 372
2 450
-
-
regional
290
518
-
-
national
117
208
-
-
total
407
726
-
-
Dividends
965
1 724
-
-
withholding
338
603
-
-
total
338
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
977
1 329
596
508
After tax
1 473
1 121
1 854
1 942
Living cost
825
825
825
825
Free-cash
648
296
1 030
1 117

Estimated living cost  is $825 per week

$536
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.
$204
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
$717
$891
$685
$1019
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.

-
-
-
2 450
trade
-
-
-
334
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.

-
-
-
818
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.

-
-
-
45
total
-
-
-
1 271
Employee

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

649
-
2 450
-
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
-
45
-
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
-
818
-
total
154
-
937
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 801
2 450
-
-
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
270
367
-
-
trade
309
420
-
-
chamber of commerce
4
5
-
-
total
598
812
-
-
Dividends
1 203
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.

16
22
-
-
withholding
297
405
-
-
total
313
427
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 065
1 239
937
1 271
After tax
1 385
1 211
1 513
1 179
Living cost
494
494
494
494
Free-cash
891
717
1 019
685

Estimated living cost  is $494 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
$866
$931
$969
$896
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
-
-
-
2 450
income
-
-
-
460
pensions
-
-
-
385
other
-
-
-
76
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 112
Employee
462
-
1 868
-
social contributions
13
-
53
-
surtax
-
-
-
-
income
27
-
407
-
pensions
52
-
142
-
total
92
-
602
-
Employer
462
-
1 868
-
other
16
-
78
-
social contributions
1
-
6
-
unemployment
19
-
76
-
pensions
76
-
236
-
health
32
-
187
-
total
144
-
583
-
Corporate
1 844
2 450
-
-
surtax
-
-
-
-
income
516
686
-
-
total
516
686
-
-
Dividends
1 328
1 764
-
-
surtax
-
-
-
-
social contributions
228
303
-
-
withholding
170
226
-
-
total
398
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 150
1 215
1 185
1 112
After tax
1 300
1 235
1 265
1 338
Living cost
369
369
369
369
Free-cash
931
866
896
969

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
$902
$961
$1005
$932
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
-
-
-
2 450
income
-
-
-
460
pensions
-
-
-
385
other
-
-
-
76
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 112
Employee
412
-
1 868
-
social contributions
12
-
53
-
surtax
-
-
-
-
income
21
-
407
-
pensions
47
-
142
-
total
80
-
602
-
Employer
412
-
1 868
-
other
14
-
78
-
social contributions
1
-
6
-
unemployment
17
-
76
-
pensions
68
-
236
-
health
29
-
187
-
total
129
-
583
-
Corporate
1 909
2 450
-
-
surtax
-
-
-
-
income
535
686
-
-
total
535
686
-
-
Dividends
1 374
1 764
-
-
surtax
-
-
-
-
social contributions
236
303
-
-
withholding
176
226
-
-
total
412
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 156
1 215
1 185
1 112
After tax
1 294
1 235
1 265
1 338
Living cost
333
333
333
333
Free-cash
961
902
932
1 005

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
$1267
$1271
$1345
$1278
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
-
-
-
2 450
income
-
-
-
367
health
-
-
-
171
social contributions
-
-
-
338
total
-
-
-
876
Employee
366
-
2 450
-
social contributions
51
-
338
-
health
26
-
171
-
income
61
-
434
-
total
138
-
943
-
Employer
366
-
2 450
-
total
-
-
-
-
Corporate
2 084
2 450
-
-
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%.

104
122
-
-
total
104
122
-
-
Dividends
1 980
2 328
-
-
health
138
162
-
-
social contributions
273
321
-
-
withholding
297
349
-
-
total
708
832
-
-
Income
2 450
2 450
2 450
2 450
Total tax
950
954
943
876
After tax
1 500
1 496
1 507
1 574
Living cost
229
229
229
229
Free-cash
1 271
1 267
1 278
1 345

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
$970
$955
$876
$261
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
-
-
-
2 450
chamber of commerce
-
-
-
10
income
-
-
-
787
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
1 194
Employee
539
430
2 029
-
other
5
4
13
-
health
21
17
49
-
income
61
32
662
-
pensions
55
44
129
-
unemployment
16
13
38
-
total
158
110
891
-
Employer
539
430
2 029
-
accident
7
6
16
-
other
26
20
90
-
chamber of commerce
2
2
8
-
unemployment
16
13
38
-
surtax
2
2
2
-
pensions
68
54
158
-
payroll
16
13
61
-
health
20
16
48
-
total
157
126
421
-
Corporate
1 753
1 894
1 988
-
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.

438
473
497
-
total
438
473
497
-
Dividends
1 315
1 421
-
-
withholding
362
391
-
-
total
362
391
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 115
1 100
1 809
1 194
After tax
1 335
1 350
641
1 256
Living cost
380
380
380
380
Free-cash
955
970
261
876

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
$950
$815
$673
$438
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
-
-
-
2 450
national
-
-
-
984
communal

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

-
-
-
131
social contributions
-
-
-
269
total
-
-
-
1 384
Employee

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

772
-
1 898
-
communal

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

40
-
99
-
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
-
89
-
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
-
142
-
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
-
17
-
national
237
-
719
-
total
378
-
1 066
-
Employer

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

772
-
1 898
-
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
-
25
-
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
-
28
-
surtax
88
-
215
-
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
-
168
-
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
-
117
-
total
224
-
553
-
Corporate
1 453
2 450
-
-
surtax
6
11
-
-
income
291
526
-
-
total
297
537
-
-
Dividends
1 157
1 913
-
-
withholding

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

343
570
-
-
total
343
570
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 242
1 107
1 619
1 384
After tax
1 208
1 343
831
1 066
Living cost
393
393
393
393
Free-cash
815
950
438
673

Estimated living cost  is $393 per week

$253
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$1237
$1162
$979
$933
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
-
-
-
2 450
accident
-
-
-
9
income
-
-
-
781
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 081
Employee
537
-
2 131
-
other
1
-
1
-
income
113
-
744
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
147
-
808
-
Employer
537
-
2 131
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
1 742
2 450
-
-
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.

261
367
-
-
total
261
367
-
-
Dividends
1 480
2 083
-
-
withholding
318
456
-
-
total
318
456
-
-
Income
2 450
2 450
2 450
2 450
Total tax
898
823
1 127
1 081
After tax
1 552
1 627
1 323
1 369
Living cost
390
390
390
390
Free-cash
1 162
1 237
933
979

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
$800
$652
$564
$662
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
-
-
-
2 450
accident
-
-
-
21
income
-
-
-
464
pensions
-
-
-
367
health
-
-
-
172
surtax
-
-
-
121
communal
-
-
-
155
total
-
-
-
1 300
Employee
817
-
2 188
-
health
36
-
97
-
surtax
50
-
134
-
income
79
-
534
-
pensions
65
-
175
-
total
230
-
940
-
Employer
817
-
2 188
-
accident
7
-
20
-
pensions
65
-
175
-
health
25
-
67
-
total
97
-
262
-
Corporate
1 535
2 450
-
-
surtax
16
26
-
-
communal
104
165
-
-
income
230
367
-
-
total
350
558
-
-
Dividends
1 185
1 891
-
-
income
357
222
-
-
withholding
178
284
-
-
total
535
506
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 212
1 064
1 202
1 300
After tax
1 238
1 386
1 248
1 150
Living cost
586
586
586
586
Free-cash
652
800
662
564

Estimated living cost  is $586 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
$1299
$1265
$911
$843
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
-
-
-
2 450
income
-
-
-
774
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
131
total
-
-
-
1 297
Employee
363
-
2 147
-
other
-
-
-
-
health
9
-
37
-
surtax
1
-
118
-
income
61
-
710
-
pensions
24
-
96
-
unemployment
25
-
100
-
total
120
-
1 061
-
Employer
363
-
2 147
-
other
-
-
-
-
unemployment
12
-
46
-
pensions
48
-
192
-
health
17
-
66
-
total
77
-
304
-
Corporate
2 010
2 450
-
-
income
523
637
-
-
total
523
637
-
-
Dividends
1 487
1 813
-
-
withholding
223
272
-
-
total
223
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
943
909
1 365
1 297
After tax
1 507
1 541
1 085
1 153
Living cost
242
242
242
242
Free-cash
1 265
1 299
843
911

Estimated living cost  is $242 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
$997
$973
$884
$793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
15
regional
-
-
-
39
national
-
-
-
681
social contributions
-
-
-
540
total
-
-
-
1 275
Employee
599
-
2 450
-
social contributions
202
-
708
-
regional
8
-
35
-
municipal
3
-
14
-
national
95
-
609
-
total
308
-
1 366
-
Employer
599
-
2 450
-
total
-
-
-
-
Corporate
1 851
2 450
-
-
nationa
444
588
-
-
municipal
92
122
-
-
total
536
710
-
-
Dividends
1 315
1 740
-
-
withholding
342
452
-
-
total
342
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 186
1 162
1 366
1 275
After tax
1 264
1 288
1 084
1 175
Living cost
291
291
291
291
Free-cash
973
997
793
884

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.
$75
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
$1368
$1255
$1135
$1026
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
-
-
-
2 450
income
-
-
-
262
health
-
-
-
331
solidarity contribution
-
-
-
33
social contributions
-
-
-
371
total
-
-
-
997
Employee
467
-
1 956
-
social contributions
30
-
83
-
health
63
-
264
-
solidarity contribution
-
-
24
-
income
56
-
241
-
total
149
-
612
-
Employer
467
-
1 956
-
social contributions
117
-
318
-
health
42
-
176
-
total
159
-
494
-
Corporate
1 824
2 450
-
-
income
347
466
-
-
total
347
466
-
-
Dividends
1 477
1 984
-
-
withholding
222
298
-
-
total
222
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
877
764
1 106
997
After tax
1 573
1 686
1 344
1 453
Living cost
318
318
318
318
Free-cash
1 255
1 368
1 026
1 135

Estimated living cost  is $318 per week

$236
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.
$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
$1007
$1003
$914
$298
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
-
-
-
2 450
chamber of commerce
-
-
-
10
income
-
-
-
787
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
1 192
Employee
472
430
2 031
-
other
5
4
13
-
health
18
17
49
-
income
42
32
663
-
pensions
48
44
129
-
unemployment
14
13
38
-
total
127
110
892
-
Employer
472
430
2 031
-
accident
6
6
16
-
other
22
20
90
-
chamber of commerce
2
2
8
-
unemployment
14
13
38
-
surtax
-
-
-
-
pensions
59
54
158
-
payroll
14
13
61
-
health
18
16
48
-
total
135
124
419
-
Corporate
1 842
1 896
1 990
-
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.

461
474
497
-
total
461
474
497
-
Dividends
1 382
1 422
-
-
withholding
380
391
-
-
total
380
391
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 103
1 099
1 808
1 192
After tax
1 347
1 351
642
1 258
Living cost
344
344
344
344
Free-cash
1 003
1 007
298
914

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.
$96
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
$2174
$2146
$2272
$1807
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%.

-
-
-
2 450
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
192
-
2 450
-
income
38
-
490
-
total
38
-
490
-
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%.

2 258
2 450
-
-
total
-
-
-
-
Dividends
2 258
2 450
-
-
withholding
113
123
-
-
total
113
123
-
-
Income
2 450
2 450
2 450
2 450
Total tax
151
123
490
25
After tax
2 299
2 327
1 960
2 425
Living cost
153
153
153
153
Free-cash
2 146
2 174
1 807
2 272

Estimated living cost  is $153 per week

$104
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
$1397
$1307
$846
$793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 450
income
-
-
-
623
pensions
-
-
-
447
unemployment
-
-
-
4
health
-
-
-
241
total
-
-
-
1 315
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
-
2 120
-
health
31
-
137
-
income
82
-
569
-
pensions
74
-
329
-
unemployment
1
-
3
-
total
188
-
1 038
-
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
-
2 120
-
unemployment
-
-
1
-
pensions
42
-
188
-
health
32
-
141
-
total
74
-
330
-
Corporate
1 898
2 450
-
-
income
361
466
-
-
total
361
466
-
-
Dividends
1 538
1 984
-
-
withholding
231
298
-
-
total
231
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
854
764
1 368
1 315
After tax
1 596
1 686
1 082
1 135
Living cost
289
289
289
289
Free-cash
1 307
1 397
793
846

Estimated living cost  is $289 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
$1025
$510
$1227
$1842
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
-
-
-
2 450
income
-
-
-
478
social contributions
-
-
-
279
total
-
-
-
757
Employee
668
-
-
-
social contributions
55
-
8
-
income
147
-
-
-
total
202
-
8
-
Employer
668
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
839
2 450
-
-
income
185
539
-
-
total
185
539
-
-
Dividends
654
1 911
-
-
income
144
420
-
-
total
144
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 474
959
142
757
After tax
976
1 491
2 308
1 693
Living cost
466
466
466
466
Free-cash
510
1 025
1 842
1 227

Estimated living cost  is $466 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$1055
$1043
$938
$746
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.

-
-
-
2 450
income
-
-
-
322
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 173
Employee
496
-
1 980
-
social contributions
55
-
218
-
surtax
-
-
3
-
income
103
-
674
-
total
158
-
895
-
Employer
496
-
1 980
-
social contributions
118
-
470
-
total
118
-
470
-
Corporate
1 836
2 450
-
-
surtax
-
-
-
-
income
386
514
-
-
total
386
514
-
-
Dividends
1 450
1 936
-
-
withholding
406
542
-
-
total
406
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 068
1 056
1 365
1 173
After tax
1 382
1 394
1 085
1 277
Living cost
339
339
339
339
Free-cash
1 043
1 055
746
938

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
$714
$789
$817
$744
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
-
-
-
2 450
income
-
-
-
460
pensions
-
-
-
385
other
-
-
-
76
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 112
Employee
676
-
1 868
-
social contributions
19
-
53
-
surtax
-
-
-
-
income
59
-
407
-
pensions
76
-
142
-
total
154
-
602
-
Employer
676
-
1 868
-
other
23
-
78
-
social contributions
2
-
6
-
unemployment
27
-
76
-
pensions
111
-
236
-
health
47
-
187
-
total
210
-
583
-
Corporate
1 563
2 450
-
-
surtax
-
-
-
-
income
438
686
-
-
total
438
686
-
-
Dividends
1 125
1 764
-
-
surtax
-
-
-
-
social contributions
194
303
-
-
withholding
144
226
-
-
total
338
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 140
1 215
1 185
1 112
After tax
1 310
1 235
1 265
1 338
Living cost
521
521
521
521
Free-cash
789
714
744
817

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
$1881
$1844
$1461
$1526
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
-
-
-
2 450
income
-
-
-
126
social contributions
-
-
-
539
total
-
-
-
665
Employee
347
-
2 121
-
income
-
-
133
-
social contributions
23
-
138
-
total
23
-
271
-
Employer
347
-
2 121
-
social contributions
54
-
329
-
total
54
-
329
-
Corporate
2 049
2 450
-
-
income
205
245
-
-
total
205
245
-
-
Dividends
1 844
2 205
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
282
245
600
665
After tax
2 168
2 205
1 850
1 785
Living cost
324
324
324
324
Free-cash
1 844
1 881
1 526
1 461

Estimated living cost  is $324 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
$100
$57
$893
$100
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
-
-
-
2 450
municipal
-
-
-
527
pensions
-
-
-
9
national
-
-
-
306
labour market
-
-
-
195
total
-
-
-
1 037
Employee
2 193
2 193
2 193
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 193
2 193
2 193
-
labour market
175
175
175
-
municipal
468
468
468
-
pensions
6
6
6
-
national
268
268
268
-
total
917
917
917
-
Corporate
99
-
-
-
income
22
-
-
-
total
22
-
-
-
Dividends
77
-
-
-
withholding
21
-
-
-
total
21
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 873
1 830
1 830
1 037
After tax
577
620
620
1 413
Living cost
520
520
520
520
Free-cash
57
100
100
893

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
-$34
$164
$1440
$1119
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
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
703
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
778
Employee
365
-
2 240
-
health
42
-
256
-
income
50
-
551
-
pensions
41
-
82
-
total
133
-
889
-
Employer
365
-
2 240
-
accident
6
-
37
-
unemployment
9
-
55
-
pensions
59
-
118
-
total
74
-
210
-
Corporate
2 010
2 450
-
-
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.

1 809
2 205
-
-
total
1 809
2 205
-
-
Dividends
201
245
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 054
2 252
1 099
778
After tax
396
198
1 351
1 672
Living cost
232
232
232
232
Free-cash
164
-34
1 119
1 440

Estimated living cost  is $232 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$1087
$1120
$1087
$807
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

-
-
-
2 450
municipal
-
-
-
435
health
-
-
-
33
national
-
-
-
481
total
-
-
-
949
Employee
568
-
2 061
-
health
4
-
27
-
municipal
93
-
335
-
pensions
38
-
139
-
unemployment
9
-
31
-
national
9
-
308
-
total
153
-
840
-
Employer
568
-
2 061
-
accident
1
-
2
-
unemployment
4
-
13
-
pensions
99
-
358
-
health
4
-
16
-
total
108
-
389
-
Corporate
1 775
2 450
-
-
income
355
490
-
-
total
355
490
-
-
Dividends

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

1 065
1 470
-
-
national
108
194
-
-
municipal
192
265
-
-
total
300
459
-
-
Income
2 450
2 450
2 450
2 450
Total tax
916
949
1 229
949
After tax
1 534
1 501
1 221
1 501
Living cost
414
414
414
414
Free-cash
1 120
1 087
807
1 087

Estimated living cost  is $414 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
$1536
$1478
$1397
$1377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
566
health
-
-
-
62
social contributions
-
-
-
175
total
-
-
-
803
Employee
830
830
2 314
-
social contributions
31
69
93
-
health
6
14
39
-
income
90
77
555
-
total
127
160
687
-
Employer
830
830
2 314
-
social contributions
31
69
93
-
health
7
15
43
-
total
38
84
136
-
Corporate
2 034
1 536
-
-
income
254
192
-
-
total
254
192
-
-
Dividends
1 779
1 344
-
-
withholding
303
228
-
-
total
303
228
-
-
Income
2 450
2 450
2 450
2 450
Total tax
722
664
823
803
After tax
1 728
1 786
1 627
1 647
Living cost
250
250
250
250
Free-cash
1 478
1 536
1 377
1 397

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
$1857
$1803
$1917
$1701
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
-
-
-
2 450
income
-
-
-
254
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
362
Employee

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

248
-
2 345
-
health
21
-
87
-
income
17
-
227
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
473
-
Employer

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

248
-
2 345
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
2 177
2 450
-
-
income
196
221
-
-
total
196
221
-
-
Dividends
1 981
2 229
-
-
withholding
178
201
-
-
total
178
201
-
-
Income
2 450
2 450
2 450
2 450
Total tax
476
422
578
362
After tax
1 974
2 028
1 872
2 088
Living cost
171
171
171
171
Free-cash
1 803
1 857
1 701
1 917

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
$1330
$1282
$1072
$1026
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
-
-
-
2 450
accident
-
-
-
9
income
-
-
-
781
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 081
Employee
399
-
2 131
-
other
-
-
1
-
income
77
-
744
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
808
-
Employer
399
-
2 131
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
1 924
2 450
-
-
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.

289
367
-
-
total
289
367
-
-
Dividends
1 635
2 083
-
-
withholding
353
456
-
-
total
353
456
-
-
Income
2 450
2 450
2 450
2 450
Total tax
871
823
1 127
1 081
After tax
1 579
1 627
1 323
1 369
Living cost
297
297
297
297
Free-cash
1 282
1 330
1 026
1 072

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
$1499
$1494
$1544
$1543
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
-
-
-
2 450
income
-
-
-
838
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
876
Employee
45
-
2 426
-
health
2
-
5
-
income
9
-
837
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
853
-
Employer
45
-
2 426
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
2 395
2 450
-
-
income
527
539
-
-
total
527
539
-
-
Dividends
1 868
1 911
-
-
withholding
374
382
-
-
total
374
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
926
921
877
876
After tax
1 524
1 529
1 573
1 574
Living cost
30
30
30
30
Free-cash
1 494
1 499
1 543
1 544

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
$1584
$1532
$1396
$1395
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.

-
-
-
2 450
income
-
-
-
567
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
868
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.

281
-
2 307
-
health
14
-
41
-
income
39
-
567
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
726
-
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.

281
-
2 307
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
2 118
2 450
-
-
income
318
368
-
-
total
318
368
-
-
Dividends
1 801
2 082
-
-
withholding
270
312
-
-
total
270
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
732
680
869
868
After tax
1 718
1 770
1 581
1 582
Living cost
186
186
186
186
Free-cash
1 532
1 584
1 395
1 396

Estimated living cost  is $186 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
$1103
$1099
$986
$794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 450
income
-
-
-
322
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 173
Employee
419
-
1 980
-
social contributions
46
-
218
-
surtax
-
-
3
-
income
82
-
674
-
total
128
-
895
-
Employer
419
-
1 980
-
social contributions
99
-
470
-
total
99
-
470
-
Corporate
1 932
2 450
-
-
surtax
-
-
-
-
income
406
514
-
-
total
406
514
-
-
Dividends
1 526
1 936
-
-
withholding
427
542
-
-
total
427
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 060
1 056
1 365
1 173
After tax
1 390
1 394
1 085
1 277
Living cost
291
291
291
291
Free-cash
1 099
1 103
794
986

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
$1248
$1177
$990
$944
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
-
-
-
2 450
accident
-
-
-
9
income
-
-
-
781
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 081
Employee
521
-
2 131
-
other
1
-
1
-
income
109
-
744
-
pensions
24
-
47
-
unemployment
8
-
16
-
total
142
-
808
-
Employer
521
-
2 131
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
1 763
2 450
-
-
income

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

264
367
-
-
total
264
367
-
-
Dividends
1 498
2 083
-
-
withholding
322
456
-
-
total
322
456
-
-
Income
2 450
2 450
2 450
2 450
Total tax
894
823
1 127
1 081
After tax
1 556
1 627
1 323
1 369
Living cost
379
379
379
379
Free-cash
1 177
1 248
944
990

Estimated living cost  is $379 per week

$272
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.
$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
$1909
$1842
$1796
$1898
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
-
-
-
2 450
income
-
-
-
367
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
-
-
-
468
Employee
246
-
2 376
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
238
-
pensions

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

22
-
33
-
total
61
-
292
-
Employer
246
-
2 376
-
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
2 156
2 450
-
-
income
216
245
-
-
total
216
245
-
-
Dividends
1 940
2 205
-
-
withholding
97
110
-
-
total
97
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
422
355
366
468
After tax
2 028
2 095
2 084
1 982
Living cost
186
186
186
186
Free-cash
1 842
1 909
1 898
1 796

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
$844
$984
$816
$1096
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.

-
-
-
2 450
trade
-
-
-
280
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.

-
-
-
818
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.

-
-
-
45
total
-
-
-
1 217
Employee

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

537
-
2 450
-
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
-
45
-
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
-
818
-
total
120
-
937
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 913
2 450
-
-
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
287
367
-
-
trade
275
352
-
-
chamber of commerce
4
5
-
-
total
582
744
-
-
Dividends
1 331
1 705
-
-
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
329
422
-
-
total
347
445
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 049
1 189
937
1 217
After tax
1 401
1 261
1 513
1 233
Living cost
417
417
417
417
Free-cash
984
844
1 096
816

Estimated living cost  is $417 per week

$287
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
$1100
$1124
$612
$612
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
-
-
-
2 450
income
-
-
-
802
social contributions
-
-
-
421
total
-
-
-
1 223
Employee
844
-
2 450
-
income
159
-
802
-
social contributions
70
-
421
-
total
229
-
1 223
-
Employer
844
-
2 450
-
total
-
-
-
-
Corporate
1 606
2 450
-
-
income
201
306
-
-
total
201
306
-
-
Dividends
1 405
2 144
-
-
withholding
281
429
-
-
total
281
429
-
-
Income
2 450
2 450
2 450
2 450
Total tax
711
735
1 223
1 223
After tax
1 739
1 715
1 227
1 227
Living cost
615
615
615
615
Free-cash
1 124
1 100
612
612

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
$1144
$1180
$1619
$1316
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.

-
-
-
2 450
income
-
-
-
367
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
-
-
-
439
Employee
495
-
2 400
-
income
54
-
642
-
social contributions
50
-
50
-
total
104
-
692
-
Employer
495
-
2 400
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 905
2 450
-
-
income
667
857
-
-
total
667
857
-
-
Dividends
1 238
1 593
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
2 450
2 450
2 450
2 450
Total tax
878
914
742
439
After tax
1 572
1 536
1 708
2 011
Living cost
392
392
392
392
Free-cash
1 180
1 144
1 316
1 619

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
$1142
$1207
$1182
$963
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
-
-
-
2 450
income
-
-
-
757
pensions
-
-
-
108
total
-
-
-
865
Employee
554
-
2 135
-
health
7
-
29
-
income
101
-
611
-
pensions
42
-
129
-
total
150
-
769
-
Employer
554
-
2 135
-
pensions
56
-
274
-
health
11
-
41
-
total
67
-
315
-
Corporate
1 830
2 450
-
-
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.

348
466
-
-
total
348
466
-
-
Dividends
1 482
1 984
-
-
withholding
275
439
-
-
total
275
439
-
-
Income
2 450
2 450
2 450
2 450
Total tax
840
905
1 084
865
After tax
1 610
1 545
1 366
1 585
Living cost
403
403
403
403
Free-cash
1 207
1 142
963
1 182

Estimated living cost  is $403 per week

$277
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$57
$160
$1417
$1096
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
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
703
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
778
Employee
401
-
2 240
-
health
46
-
256
-
income
55
-
551
-
pensions
45
-
82
-
total
146
-
889
-
Employer
401
-
2 240
-
accident
7
-
37
-
unemployment
10
-
55
-
pensions
65
-
118
-
total
82
-
210
-
Corporate
1 967
2 450
-
-
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.

1 770
2 205
-
-
total
1 770
2 205
-
-
Dividends
197
245
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 035
2 252
1 099
778
After tax
415
198
1 351
1 672
Living cost
255
255
255
255
Free-cash
160
-57
1 096
1 417

Estimated living cost  is $255 per week

$187
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
$1729
$1697
$1419
$1657
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.

-
-
-
2 450
work injury
-
-
-
9
health insurance
-
-
-
127
income
-
-
-
412
pensions
-
-
-
317
unemployment
-
-
-
21
total
-
-
-
886
Employee

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

233
-
2 450
-
work injury
1
-
4
-
income
23
-
412
-
pensions
43
-
158
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 217
2 450
-
-
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%.

222
245
-
-
total
222
245
-
-
Dividends
1 996
2 205
-
-
withholding
299
331
-
-
total
299
331
-
-
Income
2 450
2 450
2 450
2 450
Total tax
608
576
648
886
After tax
1 842
1 874
1 802
1 564
Living cost
145
145
145
145
Free-cash
1 697
1 729
1 657
1 419

Estimated living cost  is $145 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
$861
$811
$722
$633
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
-
-
-
2 450
municipal
-
-
-
17
regional
-
-
-
60
national
-
-
-
681
social contributions
-
-
-
540
total
-
-
-
1 298
Employee
909
-
2 450
-
social contributions
307
-
708
-
regional
14
-
54
-
municipal
5
-
16
-
national
154
-
609
-
total
480
-
1 387
-
Employer
909
-
2 450
-
total
-
-
-
-
Corporate
1 541
2 450
-
-
nationa
370
588
-
-
municipal
74
118
-
-
total
444
706
-
-
Dividends
1 097
1 744
-
-
withholding
285
453
-
-
total
285
453
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 209
1 159
1 387
1 298
After tax
1 241
1 291
1 063
1 152
Living cost
430
430
430
430
Free-cash
811
861
633
722

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
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close