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
$873
$1167
$869
$1005
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
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.

-
-
-
795
surtax

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

-
-
-
44
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
82
trade
-
-
-
298
total
-
-
-
1 219
Employee

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

457
-
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.

1
-
44
-
income

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

13
-
795
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

82
-
82
-
total
96
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 993
2 450
-
-
income
299
368
-
-
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
-
-
chamber of commerce
5
5
-
-
trade
314
386
-
-
total
634
779
-
-
Dividends
1 359
1 671
-
-
surtax

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

18
23
-
-
withholding
335
413
-
-
total
353
436
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 083
1 215
921
1 219
After tax
1 367
1 235
1 529
1 231
Living cost
362
362
362
362
Free-cash
1 005
873
1 167
869

Estimated living cost  is $362 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$894
$800
$788
$883
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
social contributions
-
-
-
26
municipal
-
-
-
270
national
-
-
-
437
pensions
-
-
-
294
total
-
-
-
1 027
Employee
984
-
2 118
-
municipal
122
-
280
-
pensions
39
-
85
-
national
188
-
458
-
total
349
-
823
-
Employer
984
-
2 118
-
pensions
79
-
169
-
social contributions
11
-
23
-
total
90
-
192
-
Corporate
1 311
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%.

262
490
-
-
total
262
490
-
-
Dividends
1 049
1 960
-
-
withholding
231
431
-
-
total
231
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
932
921
1 015
1 027
After tax
1 518
1 529
1 435
1 423
Living cost
635
635
635
635
Free-cash
883
894
800
788

Estimated living cost  is $635 per week

$432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$1711
$804
$626
$1614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
492
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.

-
-
-
458
microenterprise
-
-
-
-
total
-
-
-
1 575
Employee
349
-
1 898
-
surtax
-
-
275
-
social contributions

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

38
-
157
-
income
62
-
413
-
total
100
-
845
-
Employer
349
-
1 898
-
social contributions

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

84
-
343
-
surtax
-
-
209
-
total
84
-
552
-
Corporate
2 016
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%.

403
490
-
-
total
403
490
-
-
Dividends

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

1 613
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
587
490
1 397
1 575
After tax
1 863
1 960
1 053
875
Living cost
249
249
249
249
Free-cash
1 614
1 711
804
626

Estimated living cost  is $249 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$717
$1067
$828
$642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
834
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
1 121
Employee
1 021
1 021
2 228
-
pensions
184
140
140
-
income

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

167
167
373
-
health
157
133
147
-
total
508
440
660
-
Employer
1 021
1 021
2 228
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
1 263
1 250
-
-
income
253
250
-
-
total
253
250
-
-
Dividends
1 010
1 000
-
-
income
215
213
-
-
withholding
152
150
-
-
total
367
363
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 307
1 232
882
1 121
After tax
1 143
1 218
1 568
1 329
Living cost
501
501
501
501
Free-cash
642
717
1 067
828

Estimated living cost  is $501 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$859
$746
$758
$848
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
-
-
-
2
other
-
-
-
122
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
640
national
-
-
-
268
pensions
-
-
-
114
total
-
-
-
1 213
Employee
683
-
2 120
-
municipal
204
-
632
-
national
-
-
262
-
total
204
-
894
-
Employer
683
-
2 120
-
health
42
-
65
-
pensions
74
-
114
-
accident
1
-
2
-
unemployment
18
-
28
-
other
79
-
122
-
total
214
-
331
-
Corporate
1 553
2 450
-
-
income
342
539
-
-
total
342
539
-
-
Dividends
1 211
1 911
-
-
withholding
363
573
-
-
total
363
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 123
1 112
1 225
1 213
After tax
1 327
1 338
1 225
1 237
Living cost
479
479
479
479
Free-cash
848
859
746
758

Estimated living cost  is $479 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$753
$1059
$747
$921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 450
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.

-
-
-
795
surtax

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

-
-
-
44
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
82
trade
-
-
-
312
total
-
-
-
1 233
Employee

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

606
-
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.

3
-
44
-
income

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

52
-
795
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

82
-
82
-
total
137
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 844
2 450
-
-
income
277
368
-
-
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
-
-
chamber of commerce
4
5
-
-
trade
303
403
-
-
total
599
796
-
-
Dividends
1 244
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
22
-
-
withholding
306
409
-
-
total
323
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 059
1 227
921
1 233
After tax
1 391
1 223
1 529
1 217
Living cost
470
470
470
470
Free-cash
921
753
1 059
747

Estimated living cost  is $470 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$1398
$1248
$1270
$1348
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
-
-
-
537
social contributions
-
-
-
193
health
-
-
-
62
total
-
-
-
792
Employee
919
919
2 304
-
social contributions
45
76
103
-
income
97
85
526
-
health
9
16
39
-
total
151
177
668
-
Employer
919
919
2 304
-
health
10
17
43
-
social contributions
45
76
103
-
total
55
93
146
-
Corporate
1 857
1 437
-
-
income
232
180
-
-
total
232
180
-
-
Dividends
1 625
1 258
-
-
withholding
276
214
-
-
total
276
214
-
-
Income
2 450
2 450
2 450
2 450
Total tax
714
664
814
792
After tax
1 736
1 786
1 636
1 658
Living cost
388
388
388
388
Free-cash
1 348
1 398
1 248
1 270

Estimated living cost  is $388 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$1162
$1205
$1482
$1165
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
unemployment
-
-
-
37
health
-
-
-
172
pensions
-
-
-
245
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.

309
123
2 050
-
unemployment
5
2
31
-
pensions
31
12
205
-
income
38
15
251
-
health
22
9
144
-
total
96
38
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.

309
123
2 050
-
pensions
60
24
400
-
total
60
24
400
-
Corporate
2 081
2 303
-
-
income
187
207
-
-
total
187
207
-
-
Dividends
1 894
2 096
-
-
social contributions
368
407
-
-
withholding
360
398
-
-
total
728
805
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 071
1 074
1 031
754
After tax
1 379
1 376
1 419
1 696
Living cost
214
214
214
214
Free-cash
1 165
1 162
1 205
1 482

Estimated living cost  is $214 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$1671
$1123
$1025
$1597
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
health
-
-
-
318
pensions
-
-
-
490
total
-
-
-
1 136
Employee
339
-
1 831
-
unemployment
5
-
29
-
pensions
7
-
37
-
income
38
-
353
-
total
50
-
419
-
Employer
339
-
1 831
-
health
44
-
238
-
pensions
68
-
366
-
unemployment
3
-
15
-
total
115
-
619
-
Corporate
1 996
2 450
-
-
income
399
490
-
-
total
399
490
-
-
Dividends
1 597
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
564
490
1 038
1 136
After tax
1 886
1 960
1 412
1 314
Living cost
289
289
289
289
Free-cash
1 597
1 671
1 123
1 025

Estimated living cost  is $289 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$68
$1076
$1409
$158
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
-
-
-
692
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
775
Employee
418
-
2 225
-
pensions
47
-
92
-
income
57
-
536
-
health
48
-
255
-
total
152
-
883
-
Employer
418
-
2 225
-
pensions
68
-
133
-
accident
7
-
37
-
unemployment
10
-
55
-
total
85
-
225
-
Corporate
1 947
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.

1 752
2 205
-
-
total
1 752
2 205
-
-
Dividends
195
245
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 026
2 252
1 108
775
After tax
424
198
1 342
1 675
Living cost
266
266
266
266
Free-cash
158
-68
1 076
1 409

Estimated living cost  is $266 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$2232
$1864
$2329
$2214
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
120
-
2 450
-
income
24
-
490
-
total
24
-
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%.

2 330
2 450
-
-
total
-
-
-
-
Dividends
2 330
2 450
-
-
withholding
116
122
-
-
total
116
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
140
122
490
25
After tax
2 310
2 328
1 960
2 425
Living cost
96
96
96
96
Free-cash
2 214
2 232
1 864
2 329

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$1482
$1098
$1118
$1402
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
-
-
-
411
other
-
-
-
86
health
-
-
-
80
pensions

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

-
-
-
436
total
-
-
-
1 013
Employee
434
-
1 990
-
unemployment
4
-
18
-
pensions

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

30
-
127
-
income
75
-
404
-
health
6
-
25
-
total
115
-
574
-
Employer
434
-
1 990
-
health
6
-
25
-
pensions

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

74
-
309
-
accident
3
-
16
-
unemployment
4
-
18
-
other
22
-
91
-
total
109
-
459
-
Corporate
1 906
2 450
-
-
income
400
514
-
-
total
400
514
-
-
Dividends
1 506
1 936
-
-
withholding
105
135
-
-
total
105
135
-
-
Income
2 450
2 450
2 450
2 450
Total tax
729
649
1 033
1 013
After tax
1 721
1 801
1 417
1 437
Living cost
319
319
319
319
Free-cash
1 402
1 482
1 098
1 118

Estimated living cost  is $319 per week

$225
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$769
$581
$802
$865
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
-
-
-
737
pensions
-
-
-
114
total
-
-
-
851
Employee
1 128
-
2 137
-
pensions
109
-
138
-
income
203
-
591
-
health
19
-
30
-
total
331
-
759
-
Employer
1 128
-
2 137
-
health
21
-
41
-
pensions
133
-
272
-
total
154
-
313
-
Corporate
1 167
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.

222
466
-
-
total
222
466
-
-
Dividends
945
1 984
-
-
withholding
81
418
-
-
total
81
418
-
-
Income
2 450
2 450
2 450
2 450
Total tax
788
884
1 072
851
After tax
1 662
1 566
1 378
1 599
Living cost
797
797
797
797
Free-cash
865
769
581
802

Estimated living cost  is $797 per week

$598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1938
$1912
$1813
$1883
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
-
-
-
368
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
480
Employee
208
-
2 368
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
237
-
health
10
-
19
-
total
51
-
298
-
Employer
208
-
2 368
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
2 202
2 450
-
-
income
220
245
-
-
total
220
245
-
-
Dividends
1 982
2 205
-
-
withholding
99
110
-
-
total
99
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
410
355
381
480
After tax
2 040
2 095
2 069
1 970
Living cost
157
157
157
157
Free-cash
1 883
1 938
1 912
1 813

Estimated living cost  is $157 per week

$92
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$555
$905
$666
$586
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
-
-
-
834
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
1 121
Employee
1 109
1 021
2 228
-
pensions
140
140
140
-
income

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

167
167
373
-
health
138
133
147
-
total
445
440
660
-
Employer
1 109
1 021
2 228
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
1 147
1 250
-
-
income
229
250
-
-
total
229
250
-
-
Dividends
918
1 000
-
-
income
195
213
-
-
withholding
138
150
-
-
total
333
363
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 201
1 232
882
1 121
After tax
1 249
1 218
1 568
1 329
Living cost
663
663
663
663
Free-cash
586
555
905
666

Estimated living cost  is $663 per week

$489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$1394
$1028
$1131
$1288
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
-
-
-
255
social contributions
-
-
-
422
solidarity contribution
-
-
-
18
health
-
-
-
331
total
-
-
-
1 026
Employee
431
-
1 917
-
solidarity contribution
-
-
8
-
social contributions
28
-
94
-
income
52
-
235
-
health
58
-
259
-
total
138
-
596
-
Employer
431
-
1 917
-
health
39
-
172
-
social contributions
108
-
361
-
total
147
-
533
-
Corporate
1 873
2 450
-
-
income
356
465
-
-
total
356
465
-
-
Dividends
1 517
1 985
-
-
withholding
228
298
-
-
total
228
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
869
763
1 129
1 026
After tax
1 581
1 687
1 321
1 424
Living cost
293
293
293
293
Free-cash
1 288
1 394
1 028
1 131

Estimated living cost  is $293 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$802
$558
$661
$740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
social contributions
-
-
-
598
regional
-
-
-
30
municipal
-
-
-
15
national
-
-
-
641
total
-
-
-
1 284
Employee
1 063
-
2 450
-
municipal
6
-
13
-
national
184
-
562
-
regional
10
-
27
-
social contributions
358
-
785
-
total
558
-
1 387
-
Employer
1 063
-
2 450
-
total
-
-
-
-
Corporate
1 387
2 450
-
-
municipal
54
96
-
-
nationa
333
588
-
-
total
387
684
-
-
Dividends
1 000
1 766
-
-
withholding
260
459
-
-
total
260
459
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 205
1 143
1 387
1 284
After tax
1 245
1 307
1 063
1 166
Living cost
505
505
505
505
Free-cash
740
802
558
661

Estimated living cost  is $505 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$1277
$817
$891
$1239
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
-
-
-
739
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 295
Employee
395
-
2 114
-
other
-
-
-
-
unemployment
28
-
111
-
pensions
26
-
106
-
surtax
1
-
107
-
income
66
-
667
-
health
10
-
41
-
total
131
-
1 032
-
Employer
395
-
2 114
-
health
18
-
73
-
pensions
53
-
213
-
unemployment
13
-
51
-
other
-
-
-
-
total
84
-
337
-
Corporate
1 971
2 450
-
-
income
513
637
-
-
total
513
637
-
-
Dividends
1 459
1 813
-
-
withholding
219
272
-
-
total
219
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
947
909
1 369
1 295
After tax
1 503
1 541
1 081
1 155
Living cost
264
264
264
264
Free-cash
1 239
1 277
817
891

Estimated living cost  is $264 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$1021
$833
$1054
$1100
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
-
-
-
737
pensions
-
-
-
114
total
-
-
-
851
Employee
756
-
2 137
-
pensions
64
-
138
-
income
136
-
591
-
health
11
-
30
-
total
211
-
759
-
Employer
756
-
2 137
-
health
14
-
41
-
pensions
82
-
272
-
total
96
-
313
-
Corporate
1 598
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.

304
466
-
-
total
304
466
-
-
Dividends
1 294
1 984
-
-
withholding
194
418
-
-
total
194
418
-
-
Income
2 450
2 450
2 450
2 450
Total tax
805
884
1 072
851
After tax
1 645
1 566
1 378
1 599
Living cost
545
545
545
545
Free-cash
1 100
1 021
833
1 054

Estimated living cost  is $545 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$175
$912
$1015
$578
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
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
-
-
-
130
health
-
-
-
6
city
-
-
-
26
national
-
-
-
53
pensions
-
-
-
225
total
-
-
-
489
Employee
1 107
-
2 197
-
unemployment
-
-
-
-
pensions
93
-
180
-
national
5
-
41
-
regional
36
-
113
-
city
12
-
24
-
health
3
-
5
-
total
149
-
363
-
Employer
1 107
-
2 197
-
health
3
-
5
-
pensions
93
-
180
-
unemployment
-
-
-
-
other

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

22
-
44
-
total
118
-
229
-
Corporate
1 214
2 450
-
-
regional
257
518
-
-
national
103
208
-
-
total
360
726
-
-
Dividends
854
1 724
-
-
withholding
299
603
-
-
total
299
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
926
1 329
592
489
After tax
1 524
1 121
1 858
1 961
Living cost
946
946
946
946
Free-cash
578
175
912
1 015

Estimated living cost  is $946 per week

$615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$234
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
$662
$981
$656
$855
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
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.

-
-
-
795
surtax

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

-
-
-
44
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
82
trade
-
-
-
325
total
-
-
-
1 246
Employee

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

719
-
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.

5
-
44
-
income

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

84
-
795
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

82
-
82
-
total
171
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 731
2 450
-
-
income
260
368
-
-
surtax

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

14
20
-
-
chamber of commerce
4
5
-
-
trade
297
420
-
-
total
575
813
-
-
Dividends
1 156
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
285
405
-
-
total
301
427
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 047
1 240
921
1 246
After tax
1 403
1 210
1 529
1 204
Living cost
548
548
548
548
Free-cash
855
662
981
656

Estimated living cost  is $548 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$826
$895
$953
$895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
424
other
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
70
health
-
-
-
114
pensions
-
-
-
404
total
-
-
-
1 088
Employee
512
-
1 879
-
pensions
58
-
138
-
surtax
-
-
-
-
social contributions
15
-
54
-
income
30
-
383
-
total
103
-
575
-
Employer
512
-
1 879
-
health
36
-
182
-
pensions
84
-
231
-
unemployment
21
-
76
-
social contributions
2
-
6
-
other
18
-
76
-
total
161
-
571
-
Corporate
1 778
2 450
-
-
income
498
686
-
-
surtax
-
-
-
-
total
498
686
-
-
Dividends
1 280
1 764
-
-
surtax
-
-
-
-
social contributions
220
303
-
-
withholding
164
226
-
-
total
384
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 146
1 215
1 146
1 088
After tax
1 304
1 235
1 304
1 362
Living cost
409
409
409
409
Free-cash
895
826
895
953

Estimated living cost  is $409 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$866
$935
$993
$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
-
-
-
424
other
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
70
health
-
-
-
114
pensions
-
-
-
404
total
-
-
-
1 088
Employee
457
-
1 879
-
pensions
52
-
138
-
surtax
-
-
-
-
social contributions
13
-
54
-
income
24
-
383
-
total
89
-
575
-
Employer
457
-
1 879
-
health
32
-
182
-
pensions
75
-
231
-
unemployment
18
-
76
-
social contributions
1
-
6
-
other
16
-
76
-
total
142
-
571
-
Corporate
1 851
2 450
-
-
income
518
686
-
-
surtax
-
-
-
-
total
518
686
-
-
Dividends
1 332
1 764
-
-
surtax
-
-
-
-
social contributions
229
303
-
-
withholding
171
226
-
-
total
400
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 149
1 215
1 146
1 088
After tax
1 301
1 235
1 304
1 362
Living cost
369
369
369
369
Free-cash
932
866
935
993

Estimated living cost  is $369 per week

$214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$1241
$1259
$1319
$1247
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
-
-
-
368
social contributions
-
-
-
338
health
-
-
-
171
total
-
-
-
877
Employee
405
-
2 450
-
social contributions
56
-
338
-
income
68
-
428
-
health
28
-
171
-
total
152
-
937
-
Employer
405
-
2 450
-
total
-
-
-
-
Corporate
2 045
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%.

102
123
-
-
total
102
123
-
-
Dividends
1 942
2 327
-
-
social contributions
268
321
-
-
withholding
291
349
-
-
health
136
162
-
-
total
695
832
-
-
Income
2 450
2 450
2 450
2 450
Total tax
949
955
937
877
After tax
1 501
1 495
1 513
1 573
Living cost
254
254
254
254
Free-cash
1 247
1 241
1 259
1 319

Estimated living cost  is $254 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$933
$224
$838
$913
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
-
-
-
741
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
10
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 191
Employee
598
476
2 002
-
other
6
5
14
-
unemployment
18
14
42
-
pensions
61
49
143
-
income
68
35
615
-
health
23
18
54
-
total
176
121
868
-
Employer
598
476
2 002
-
chamber of commerce
2
2
8
-
health
23
18
53
-
pensions
75
60
175
-
accident
8
6
18
-
unemployment
18
14
42
-
surtax
2
2
2
-
payroll
18
14
60
-
other
28
23
90
-
total
174
139
448
-
Corporate
1 678
1 834
1 956
-
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.

420
458
489
-
total
420
458
489
-
Dividends
1 259
1 376
-
-
withholding
346
378
-
-
total
346
378
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 116
1 096
1 805
1 191
After tax
1 334
1 354
645
1 259
Living cost
421
421
421
421
Free-cash
913
933
224
838

Estimated living cost  is $421 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$922
$407
$629
$755
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
communal

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

-
-
-
129
social contributions
-
-
-
298
national
-
-
-
958
total
-
-
-
1 385
Employee

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

855
-
1 898
-
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
-
communal

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

45
-
99
-
pensions

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

64
-
142
-
national
263
-
707
-
health

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

40
-
89
-
total
419
-
1 054
-
Employer

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

855
-
1 898
-
health

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

53
-
117
-
pensions

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

76
-
168
-
accident

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

11
-
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.

12
-
28
-
surtax
97
-
215
-
total
249
-
553
-
Corporate
1 346
2 450
-
-
income
269
506
-
-
surtax
5
10
-
-
total
274
516
-
-
Dividends
1 071
1 934
-
-
withholding

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

317
576
-
-
total
317
576
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 259
1 092
1 607
1 385
After tax
1 191
1 358
843
1 065
Living cost
436
436
436
436
Free-cash
755
922
407
629

Estimated living cost  is $436 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$1196
$889
$939
$1114
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
-
-
-
10
income
-
-
-
746
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
1 079
Employee
595
-
2 097
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
705
-
total
164
-
775
-
Employer
595
-
2 097
-
pensions
140
-
262
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
354
-
Corporate
1 665
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.

250
368
-
-
total
250
368
-
-
Dividends
1 415
2 082
-
-
withholding
300
454
-
-
total
300
454
-
-
Income
2 450
2 450
2 450
2 450
Total tax
904
822
1 129
1 079
After tax
1 546
1 628
1 321
1 371
Living cost
432
432
432
432
Free-cash
1 114
1 196
889
939

Estimated living cost  is $432 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$756
$621
$523
$597
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
communal
-
-
-
155
accident
-
-
-
21
income
-
-
-
441
surtax
-
-
-
121
health
-
-
-
172
pensions
-
-
-
367
total
-
-
-
1 277
Employee
905
-
2 188
-
pensions
72
-
175
-
surtax
55
-
134
-
income
87
-
511
-
health
40
-
97
-
total
254
-
917
-
Employer
905
-
2 188
-
health
28
-
67
-
pensions
72
-
175
-
accident
8
-
20
-
total
108
-
262
-
Corporate
1 436
2 450
-
-
communal
97
165
-
-
income
215
368
-
-
surtax
15
26
-
-
total
327
559
-
-
Dividends
1 109
1 891
-
-
income
348
201
-
-
withholding
166
284
-
-
total
514
485
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 203
1 044
1 179
1 277
After tax
1 247
1 406
1 271
1 173
Living cost
650
650
650
650
Free-cash
597
756
621
523

Estimated living cost  is $650 per week

$487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$1272
$812
$886
$1234
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
-
-
-
739
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
319
total
-
-
-
1 295
Employee
403
-
2 114
-
other
-
-
-
-
unemployment
28
-
111
-
pensions
27
-
106
-
surtax
1
-
107
-
income
68
-
667
-
health
10
-
41
-
total
134
-
1 032
-
Employer
403
-
2 114
-
health
18
-
73
-
pensions
54
-
213
-
unemployment
13
-
51
-
other
-
-
-
-
total
85
-
337
-
Corporate
1 963
2 450
-
-
income
510
637
-
-
total
510
637
-
-
Dividends
1 452
1 813
-
-
withholding
218
272
-
-
total
218
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
947
909
1 369
1 295
After tax
1 503
1 541
1 081
1 155
Living cost
269
269
269
269
Free-cash
1 234
1 272
812
886

Estimated living cost  is $269 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$966
$734
$836
$938
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
social contributions
-
-
-
598
regional
-
-
-
38
municipal
-
-
-
15
national
-
-
-
641
total
-
-
-
1 292
Employee
663
-
2 450
-
municipal
4
-
13
-
national
105
-
562
-
regional
9
-
34
-
social contributions
224
-
785
-
total
342
-
1 394
-
Employer
663
-
2 450
-
total
-
-
-
-
Corporate
1 787
2 450
-
-
municipal
89
122
-
-
nationa
429
588
-
-
total
518
710
-
-
Dividends
1 269
1 740
-
-
withholding
330
452
-
-
total
330
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 190
1 162
1 394
1 292
After tax
1 260
1 288
1 056
1 158
Living cost
322
322
322
322
Free-cash
938
966
734
836

Estimated living cost  is $322 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Naples model

Close
Prague , Czech Republic
$1326
$960
$1063
$1196
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
-
-
-
255
social contributions
-
-
-
422
solidarity contribution
-
-
-
18
health
-
-
-
331
total
-
-
-
1 026
Employee
531
-
1 917
-
solidarity contribution
-
-
8
-
social contributions
35
-
94
-
income
64
-
235
-
health
72
-
259
-
total
171
-
596
-
Employer
531
-
1 917
-
health
48
-
172
-
social contributions
133
-
361
-
total
181
-
533
-
Corporate
1 739
2 450
-
-
income
330
465
-
-
total
330
465
-
-
Dividends
1 408
1 985
-
-
withholding
211
298
-
-
total
211
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
893
763
1 129
1 026
After tax
1 557
1 687
1 321
1 424
Living cost
361
361
361
361
Free-cash
1 196
1 326
960
1 063

Estimated living cost  is $361 per week

$269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$973
$264
$880
$965
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
-
-
-
741
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
10
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
1 189
Employee
523
476
2 004
-
other
5
5
14
-
unemployment
16
14
42
-
pensions
54
49
143
-
income
47
35
616
-
health
20
18
54
-
total
142
121
869
-
Employer
523
476
2 004
-
chamber of commerce
2
2
8
-
health
20
18
53
-
pensions
66
60
175
-
accident
7
6
18
-
unemployment
16
14
42
-
surtax
-
-
-
-
payroll
16
14
60
-
other
25
23
90
-
total
152
137
446
-
Corporate
1 777
1 836
1 958
-
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.

444
459
490
-
total
444
459
490
-
Dividends
1 333
1 377
-
-
withholding
366
379
-
-
total
366
379
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 104
1 096
1 805
1 189
After tax
1 346
1 354
645
1 261
Living cost
381
381
381
381
Free-cash
965
973
264
880

Estimated living cost  is $381 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$2178
$1810
$2275
$2150
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
187
-
2 450
-
income
37
-
490
-
total
37
-
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%.

2 263
2 450
-
-
total
-
-
-
-
Dividends
2 263
2 450
-
-
withholding
113
122
-
-
total
113
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
150
122
490
25
After tax
2 300
2 328
1 960
2 425
Living cost
150
150
150
150
Free-cash
2 150
2 178
1 810
2 275

Estimated living cost  is $150 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$1365
$788
$842
$1267
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
-
-
-
595
unemployment
-
-
-
4
health
-
-
-
241
pensions
-
-
-
447
total
-
-
-
1 287
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.

529
-
2 120
-
unemployment
1
-
3
-
pensions
82
-
329
-
income
91
-
542
-
health
34
-
137
-
total
208
-
1 011
-
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.

529
-
2 120
-
health
35
-
141
-
pensions
47
-
188
-
unemployment
-
-
1
-
total
82
-
330
-
Corporate
1 839
2 450
-
-
income
349
466
-
-
total
349
466
-
-
Dividends
1 490
1 984
-
-
withholding
223
298
-
-
total
223
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
862
764
1 341
1 287
After tax
1 588
1 686
1 109
1 163
Living cost
321
321
321
321
Free-cash
1 267
1 365
788
842

Estimated living cost  is $321 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$980
$1783
$1182
$416
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
733
-
-
-
social contributions
60
-
9
-
income
162
-
-
-
total
222
-
9
-
Employer
733
-
-
-
social contributions
1 033
-
147
-
total
1 033
-
147
-
Corporate
684
2 450
-
-
income
151
539
-
-
total
151
539
-
-
Dividends
534
1 911
-
-
income
117
420
-
-
total
117
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 523
959
156
757
After tax
927
1 491
2 294
1 693
Living cost
511
511
511
511
Free-cash
416
980
1 783
1 182

Estimated living cost  is $511 per week

$332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$1019
$729
$915
$1007
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
-
-
-
309
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 160
Employee
550
-
1 980
-
surtax
-
-
-
-
social contributions
60
-
218
-
income
114
-
658
-
total
174
-
876
-
Employer
550
-
1 980
-
social contributions
131
-
470
-
total
131
-
470
-
Corporate
1 769
2 450
-
-
income
372
514
-
-
surtax
-
-
-
-
total
372
514
-
-
Dividends
1 398
1 936
-
-
withholding
391
542
-
-
total
391
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 068
1 056
1 346
1 160
After tax
1 382
1 394
1 104
1 290
Living cost
375
375
375
375
Free-cash
1 007
1 019
729
915

Estimated living cost  is $375 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$658
$727
$785
$741
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
-
-
-
424
other
-
-
-
76
surtax
-
-
-
-
social contributions
-
-
-
70
health
-
-
-
114
pensions
-
-
-
404
total
-
-
-
1 088
Employee
749
-
1 879
-
pensions
85
-
138
-
surtax
-
-
-
-
social contributions
21
-
54
-
income
65
-
383
-
total
171
-
575
-
Employer
749
-
1 879
-
health
52
-
182
-
pensions
123
-
231
-
unemployment
30
-
76
-
social contributions
2
-
6
-
other
26
-
76
-
total
233
-
571
-
Corporate
1 467
2 450
-
-
income
411
686
-
-
surtax
-
-
-
-
total
411
686
-
-
Dividends
1 056
1 764
-
-
surtax
-
-
-
-
social contributions
182
303
-
-
withholding
135
226
-
-
total
317
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 132
1 215
1 146
1 088
After tax
1 318
1 235
1 304
1 362
Living cost
577
577
577
577
Free-cash
741
658
727
785

Estimated living cost  is $577 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1846
$1498
$1434
$1805
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
-
-
-
118
social contributions
-
-
-
539
total
-
-
-
657
Employee
384
-
2 121
-
income
-
-
126
-
social contributions
25
-
138
-
total
25
-
264
-
Employer
384
-
2 121
-
social contributions
60
-
329
-
total
60
-
329
-
Corporate
2 006
2 450
-
-
income
201
245
-
-
total
201
245
-
-
Dividends
1 805
2 205
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
286
245
593
657
After tax
2 164
2 205
1 857
1 793
Living cost
359
359
359
359
Free-cash
1 805
1 846
1 498
1 434

Estimated living cost  is $359 per week

$232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-$154
-$154
$849
-$154
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
labour market
-
-
-
195
municipal
-
-
-
521
national
-
-
-
299
pensions
-
-
-
10
total
-
-
-
1 025
Employee
2 430
2 430
2 430
-
municipal
518
518
518
-
labour market
194
194
194
-
pensions
3
3
3
-
national
297
297
297
-
total
1 012
1 012
1 012
-
Employer
2 430
2 430
2 430
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
518
518
518
-
total
1 016
1 016
1 016
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 028
2 028
2 028
1 025
After tax
422
422
422
1 425
Living cost
576
576
576
576
Free-cash
-154
-154
-154
849

Estimated living cost  is $576 per week

$394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$64
$1080
$1413
$159
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
-
-
-
692
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
775
Employee
412
-
2 225
-
pensions
46
-
92
-
income
56
-
536
-
health
47
-
255
-
total
149
-
883
-
Employer
412
-
2 225
-
pensions
67
-
133
-
accident
7
-
37
-
unemployment
10
-
55
-
total
84
-
225
-
Corporate
1 954
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.

1 759
2 205
-
-
total
1 759
2 205
-
-
Dividends
195
245
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 029
2 252
1 108
775
After tax
421
198
1 342
1 675
Living cost
262
262
262
262
Free-cash
159
-64
1 080
1 413

Estimated living cost  is $262 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$1054
$790
$1071
$1093
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
health
-
-
-
33
municipal
-
-
-
435
national
-
-
-
452
total
-
-
-
920
Employee
629
-
2 061
-
municipal
103
-
336
-
unemployment
9
-
31
-
pensions
42
-
139
-
national
10
-
279
-
health
5
-
27
-
total
169
-
812
-
Employer
629
-
2 061
-
health
5
-
16
-
pensions
109
-
358
-
accident
1
-
2
-
unemployment
4
-
13
-
total
119
-
389
-
Corporate
1 702
2 450
-
-
income
340
490
-
-
total
340
490
-
-
Dividends

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

1 021
1 470
-
-
municipal
184
265
-
-
national
86
182
-
-
total
270
447
-
-
Income
2 450
2 450
2 450
2 450
Total tax
898
937
1 201
920
After tax
1 552
1 513
1 249
1 530
Living cost
459
459
459
459
Free-cash
1 093
1 054
790
1 071

Estimated living cost  is $459 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$1509
$1359
$1381
$1443
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
-
-
-
537
social contributions
-
-
-
193
health
-
-
-
62
total
-
-
-
792
Employee
919
919
2 304
-
social contributions
35
76
103
-
income
100
85
526
-
health
7
16
39
-
total
142
177
668
-
Employer
919
919
2 304
-
health
8
17
43
-
social contributions
35
76
103
-
total
43
93
146
-
Corporate
1 989
1 437
-
-
income
249
180
-
-
total
249
180
-
-
Dividends
1 740
1 258
-
-
withholding
296
214
-
-
total
296
214
-
-
Income
2 450
2 450
2 450
2 450
Total tax
730
664
814
792
After tax
1 720
1 786
1 636
1 658
Living cost
277
277
277
277
Free-cash
1 443
1 509
1 359
1 381

Estimated living cost  is $277 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1839
$1649
$1889
$1779
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
-
-
-
252
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
371
Employee

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

274
-
2 333
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
222
-
health
23
-
96
-
total
84
-
494
-
Employer

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

274
-
2 333
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
2 147
2 450
-
-
income
193
220
-
-
total
193
220
-
-
Dividends
1 954
2 230
-
-
withholding
176
201
-
-
total
176
201
-
-
Income
2 450
2 450
2 450
2 450
Total tax
481
421
611
371
After tax
1 969
2 029
1 839
2 079
Living cost
190
190
190
190
Free-cash
1 779
1 839
1 649
1 889

Estimated living cost  is $190 per week

$121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$1299
$992
$1042
$1247
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
-
-
-
10
income
-
-
-
746
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
1 079
Employee
442
-
2 097
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
705
-
total
113
-
775
-
Employer
442
-
2 097
-
pensions
104
-
262
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
354
-
Corporate
1 867
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.

280
368
-
-
total
280
368
-
-
Dividends
1 587
2 082
-
-
withholding
340
454
-
-
total
340
454
-
-
Income
2 450
2 450
2 450
2 450
Total tax
874
822
1 129
1 079
After tax
1 576
1 628
1 321
1 371
Living cost
329
329
329
329
Free-cash
1 247
1 299
992
1 042

Estimated living cost  is $329 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1505
$1553
$1554
$1502
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
-
-
-
841
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
872
Employee
37
-
2 430
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
840
-
health
2
-
4
-
total
12
-
853
-
Employer
37
-
2 430
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
2 405
2 450
-
-
income
529
539
-
-
total
529
539
-
-
Dividends
1 876
1 911
-
-
withholding
375
382
-
-
total
375
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
924
921
873
872
After tax
1 526
1 529
1 577
1 578
Living cost
24
24
24
24
Free-cash
1 502
1 505
1 553
1 554

Estimated living cost  is $24 per week

$14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$1564
$1344
$1346
$1505
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
-
-
-
563
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
230
total
-
-
-
897
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.

312
-
2 292
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
563
-
health
16
-
46
-
total
105
-
740
-
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.

312
-
2 292
-
health
16
-
46
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
159
-
Corporate
2 082
2 450
-
-
income
312
367
-
-
total
312
367
-
-
Dividends
1 770
2 083
-
-
withholding
266
312
-
-
total
266
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
738
679
899
897
After tax
1 712
1 771
1 551
1 553
Living cost
207
207
207
207
Free-cash
1 505
1 564
1 344
1 346

Estimated living cost  is $207 per week

$139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$1072
$782
$968
$1067
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
-
-
-
309
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 160
Employee
464
-
1 980
-
surtax
-
-
-
-
social contributions
51
-
218
-
income
91
-
658
-
total
142
-
876
-
Employer
464
-
1 980
-
social contributions
110
-
470
-
total
110
-
470
-
Corporate
1 876
2 450
-
-
income
394
514
-
-
surtax
-
-
-
-
total
394
514
-
-
Dividends
1 482
1 936
-
-
withholding
415
542
-
-
total
415
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 061
1 056
1 346
1 160
After tax
1 389
1 394
1 104
1 290
Living cost
322
322
322
322
Free-cash
1 067
1 072
782
968

Estimated living cost  is $322 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$1208
$901
$951
$1130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
10
income
-
-
-
746
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
1 079
Employee
577
-
2 097
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
705
-
total
158
-
775
-
Employer
577
-
2 097
-
pensions
136
-
262
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
354
-
Corporate
1 688
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.

253
368
-
-
total
253
368
-
-
Dividends
1 435
2 082
-
-
withholding
305
454
-
-
total
305
454
-
-
Income
2 450
2 450
2 450
2 450
Total tax
900
822
1 129
1 079
After tax
1 550
1 628
1 321
1 371
Living cost
420
420
420
420
Free-cash
1 130
1 208
901
951

Estimated living cost  is $420 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1889
$1863
$1764
$1815
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
-
-
-
368
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
480
Employee
272
-
2 368
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
237
-
health
13
-
19
-
total
67
-
298
-
Employer
272
-
2 368
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
2 124
2 450
-
-
income
212
245
-
-
total
212
245
-
-
Dividends
1 912
2 205
-
-
withholding
96
110
-
-
total
96
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
429
355
381
480
After tax
2 021
2 095
2 069
1 970
Living cost
206
206
206
206
Free-cash
1 815
1 889
1 863
1 764

Estimated living cost  is $206 per week

$136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$798
$1067
$795
$955
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
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.

-
-
-
795
surtax

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

-
-
-
44
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
82
trade
-
-
-
272
total
-
-
-
1 193
Employee

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

595
-
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.

3
-
44
-
income

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

49
-
795
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

82
-
82
-
total
134
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 855
2 450
-
-
income
278
368
-
-
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
-
-
chamber of commerce
5
5
-
-
trade
266
352
-
-
total
564
745
-
-
Dividends
1 291
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.

17
23
-
-
withholding
318
422
-
-
total
335
445
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 033
1 190
921
1 193
After tax
1 417
1 260
1 529
1 257
Living cost
462
462
462
462
Free-cash
955
798
1 067
795

Estimated living cost  is $462 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$1034
$570
$570
$1061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
782
social contributions
-
-
-
417
total
-
-
-
1 199
Employee
935
-
2 450
-
income
176
-
782
-
social contributions
78
-
417
-
total
254
-
1 199
-
Employer
935
-
2 450
-
total
-
-
-
-
Corporate
1 515
2 450
-
-
income
189
306
-
-
total
189
306
-
-
Dividends
1 325
2 144
-
-
withholding
265
429
-
-
total
265
429
-
-
Income
2 450
2 450
2 450
2 450
Total tax
708
735
1 199
1 199
After tax
1 742
1 715
1 251
1 251
Living cost
681
681
681
681
Free-cash
1 061
1 034
570
570

Estimated living cost  is $681 per week

$518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$1096
$1287
$1576
$1137
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
-
-
-
368
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
-
-
-
440
Employee
548
-
2 395
-
income
60
-
619
-
social contributions
55
-
55
-
total
115
-
674
-
Employer
548
-
2 395
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
1 847
2 450
-
-
income
646
857
-
-
total
646
857
-
-
Dividends
1 200
1 593
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
2 450
2 450
2 450
2 450
Total tax
879
920
729
440
After tax
1 571
1 530
1 721
2 010
Living cost
434
434
434
434
Free-cash
1 137
1 096
1 287
1 576

Estimated living cost  is $434 per week

$286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$1123
$935
$1156
$1194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
737
pensions
-
-
-
114
total
-
-
-
851
Employee
608
-
2 137
-
pensions
46
-
138
-
income
111
-
591
-
health
8
-
30
-
total
165
-
759
-
Employer
608
-
2 137
-
health
12
-
41
-
pensions
61
-
272
-
total
73
-
313
-
Corporate
1 769
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.

336
466
-
-
total
336
466
-
-
Dividends
1 433
1 984
-
-
withholding
239
418
-
-
total
239
418
-
-
Income
2 450
2 450
2 450
2 450
Total tax
813
884
1 072
851
After tax
1 637
1 566
1 378
1 599
Living cost
443
443
443
443
Free-cash
1 194
1 123
935
1 156

Estimated living cost  is $443 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$90
$1054
$1387
$153
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
-
-
-
692
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
775
Employee
453
-
2 225
-
pensions
51
-
92
-
income
62
-
536
-
health
52
-
255
-
total
165
-
883
-
Employer
453
-
2 225
-
pensions
74
-
133
-
accident
8
-
37
-
unemployment
11
-
55
-
total
93
-
225
-
Corporate
1 905
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.

1 715
2 205
-
-
total
1 715
2 205
-
-
Dividends
191
245
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 009
2 252
1 108
775
After tax
441
198
1 342
1 675
Living cost
288
288
288
288
Free-cash
153
-90
1 054
1 387

Estimated living cost  is $288 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1712
$1616
$1352
$1844
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
income
-
-
-
409
unemployment
-
-
-
23
work injury
-
-
-
10
health insurance
-
-
-
142
pensions
-
-
-
352
total
-
-
-
936
Employee

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

258
-
2 450
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
48
-
176
-
income
26
-
409
-
total
97
-
672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 192
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%.

22
245
-
-
total
22
245
-
-
Dividends
2 170
2 205
-
-
withholding
325
331
-
-
total
325
331
-
-
Income
2 450
2 450
2 450
2 450
Total tax
444
576
672
936
After tax
2 006
1 874
1 778
1 514
Living cost
162
162
162
162
Free-cash
1 844
1 712
1 616
1 352

Estimated living cost  is $162 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$815
$561
$660
$760
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
social contributions
-
-
-
598
regional
-
-
-
58
municipal
-
-
-
17
national
-
-
-
641
total
-
-
-
1 314
Employee
1 008
-
2 450
-
municipal
6
-
15
-
national
170
-
562
-
regional
15
-
51
-
social contributions
340
-
785
-
total
531
-
1 413
-
Employer
1 008
-
2 450
-
total
-
-
-
-
Corporate
1 442
2 450
-
-
municipal
70
118
-
-
nationa
346
588
-
-
total
416
706
-
-
Dividends
1 027
1 744
-
-
withholding
267
453
-
-
total
267
453
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 214
1 159
1 413
1 314
After tax
1 236
1 291
1 037
1 136
Living cost
476
476
476
476
Free-cash
760
815
561
660

Estimated living cost  is $476 per week

$335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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