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
$ 250
per

Your estimated
City
free-cash

Dresden , Germany
-$153
-$153
-$166
-$200
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.

-
-
-
250
trade
-
-
-
-
health

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

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

-
-
-
74
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
74
Employee

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

415
-
250
-
surtax

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

1
-
-
-
income

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

12
-
-
-
health

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

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

74
-
74
-
total
87
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
39
-
-
surtax

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

-
2
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
total
-
81
-
-
Dividends
-
169
-
-
surtax

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

-
2
-
-
withholding
-
38
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
87
121
74
74
After tax
163
129
176
176
Living cost
329
329
329
329
Free-cash
-166
-200
-153
-153

Estimated living cost  is $329 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$370
-$368
-$675
-$391
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
-
-
-
250
social contributions
-
-
-
3
municipal
-
-
-
16
national
-
-
-
24
pensions
-
-
-
30
total
-
-
-
73
Employee
848
-
216
-
pensions
34
-
9
-
national
162
-
26
-
municipal
105
-
17
-
total
301
-
52
-
Employer
848
-
216
-
pensions
68
-
17
-
social contributions
9
-
2
-
total
77
-
19
-
Corporate
-
250
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
378
94
71
73
After tax
-128
156
179
177
Living cost
547
547
547
547
Free-cash
-675
-391
-368
-370

Estimated living cost  is $547 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
-$48
-$83
-$143
-$26
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.

-
-
-
250
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.

-
-
-
34
income
-
-
-
-
microenterprise
-
-
-
38
surtax
-
-
-
-
total
-
-
-
72
Employee
317
-
201
-
income
56
-
36
-
social contributions

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

35
-
22
-
surtax
-
-
-
-
total
91
-
58
-
Employer
317
-
201
-
social contributions

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

76
-
49
-
surtax
-
-
-
-
total
76
-
49
-
Corporate
-
250
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

-
50
-
-
total
-
50
-
-
Dividends

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

-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
167
50
107
72
After tax
83
200
143
178
Living cost
226
226
226
226
Free-cash
-143
-26
-83
-48

Estimated living cost  is $226 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$309
-$826
-$826
-$765
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
-
-
-
250
health
-
-
-
38
income
-
-
-
22
pensions
-
-
-
45
total
-
-
-
105
Employee
926
926
926
-
income

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

152
152
152
-
pensions
167
127
167
-
health
142
121
142
-
total
461
400
461
-
Employer
926
926
926
-
pensions
64
64
64
-
health
64
64
64
-
unemployment
33
33
33
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
622
561
622
105
After tax
-372
-311
-372
145
Living cost
454
454
454
454
Free-cash
-826
-765
-826
-309

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$291
-$283
-$529
-$279
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
-
-
-
250
other
-
-
-
29
unemployment
-
-
-
-
accident
-
-
-
-
municipal
-
-
-
53
health
-
-
-
16
national
-
-
-
-
pensions
-
-
-
27
total
-
-
-
125
Employee
593
-
190
-
national
-
-
-
-
municipal
177
-
57
-
total
177
-
57
-
Employer
593
-
190
-
pensions
64
-
21
-
other
69
-
22
-
accident
1
-
-
-
health
36
-
12
-
unemployment
16
-
5
-
total
186
-
60
-
Corporate
-
250
-
-
income
-
55
-
-
total
-
55
-
-
Dividends
-
195
-
-
withholding
-
58
-
-
total
-
58
-
-
Income
250
250
250
250
Total tax
363
113
117
125
After tax
-113
137
133
125
Living cost
416
416
416
416
Free-cash
-529
-279
-283
-291

Estimated living cost  is $416 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
-$250
-$250
-$300
-$299
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.

-
-
-
250
trade
-
-
-
-
health

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

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

-
-
-
74
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
74
Employee

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

550
-
250
-
surtax

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

3
-
-
-
income

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

47
-
-
-
health

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

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

74
-
74
-
total
124
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
41
-
-
surtax

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

-
2
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
total
-
83
-
-
Dividends
-
167
-
-
surtax

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

-
2
-
-
withholding
-
38
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
124
123
74
74
After tax
126
127
176
176
Living cost
426
426
426
426
Free-cash
-300
-299
-250
-250

Estimated living cost  is $426 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 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
-$177
-$252
-$289
-$346
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
-
-
-
412
social contributions
-
-
-
64
health
-
-
-
11
income
-
-
-
-
total
-
-
-
75
Employee
834
834
834
-
income
88
77
94
-
social contributions
41
69
23
-
health
8
14
5
-
total
137
160
122
-
Employer
834
834
834
-
health
9
15
5
-
social contributions
41
69
23
-
total
50
84
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
187
244
150
75
After tax
63
6
100
175
Living cost
352
352
352
352
Free-cash
-289
-346
-252
-177

Estimated living cost  is $352 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
-$25
-$54
-$92
-$54
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
-
-
-
250
unemployment
-
-
-
4
health
-
-
-
17
income
-
-
-
31
pensions
-
-
-
25
total
-
-
-
77
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.

286
114
209
-
income
35
14
26
-
pensions
29
11
21
-
unemployment
4
2
3
-
health
20
8
15
-
total
88
35
65
-
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.

286
114
209
-
pensions
56
22
41
-
total
56
22
41
-
Corporate
-
114
-
-
income
-
10
-
-
total
-
10
-
-
Dividends
-
104
-
-
social contributions
-
19
-
-
withholding
-
20
-
-
total
-
39
-
-
Income
250
250
250
250
Total tax
144
106
106
77
After tax
106
144
144
173
Living cost
198
198
198
198
Free-cash
-92
-54
-54
-25

Estimated living cost  is $198 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-$104
-$93
-$162
-$62
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
-
-
-
250
health
-
-
-
33
income
-
-
-
9
pensions
-
-
-
50
total
-
-
-
92
Employee
308
-
187
-
income
35
-
11
-
pensions
6
-
4
-
unemployment
5
-
3
-
total
46
-
18
-
Employer
308
-
187
-
pensions
62
-
37
-
health
40
-
24
-
unemployment
2
-
2
-
total
104
-
63
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
150
50
81
92
After tax
100
200
169
158
Living cost
262
262
262
262
Free-cash
-162
-62
-93
-104

Estimated living cost  is $262 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$95
-$105
-$200
-$218
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
-
-
-
250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
31
pensions
-
-
-
45
total
-
-
-
107
Employee
374
-
208
-
income
51
-
28
-
pensions
42
-
23
-
health
43
-
24
-
total
136
-
75
-
Employer
374
-
208
-
pensions
61
-
34
-
accident
6
-
3
-
unemployment
9
-
5
-
total
76
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
212
230
117
107
After tax
38
20
133
143
Living cost
238
238
238
238
Free-cash
-200
-218
-105
-95

Estimated living cost  is $238 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$151
$103
$123
$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
250
microenterprise

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

-
-
-
2
total
-
-
-
2
Employee
122
-
250
-
income
24
-
50
-
total
24
-
50
-
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%.

128
250
-
-
total
-
-
-
-
Dividends
128
250
-
-
withholding
6
12
-
-
total
6
12
-
-
Income
250
250
250
250
Total tax
30
12
50
2
After tax
220
238
200
248
Living cost
97
97
97
97
Free-cash
123
141
103
151

Estimated living cost  is $97 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
-$154
-$143
-$245
-$106
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
-
-
-
250
other
-
-
-
12
health
-
-
-
11
income
-
-
-
32
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.

-
-
-
60
total
-
-
-
115
Employee
394
-
200
-
income
68
-
34
-
pensions

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

28
-
14
-
unemployment
4
-
2
-
health
6
-
3
-
total
106
-
53
-
Employer
394
-
200
-
pensions

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

67
-
34
-
other
20
-
10
-
accident
3
-
2
-
health
6
-
3
-
unemployment
4
-
2
-
total
100
-
51
-
Corporate
-
250
-
-
income
-
53
-
-
total
-
53
-
-
Dividends
-
197
-
-
withholding
-
14
-
-
total
-
14
-
-
Income
250
250
250
250
Total tax
206
67
104
115
After tax
44
183
146
135
Living cost
289
289
289
289
Free-cash
-245
-106
-143
-154

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Bratislava model

Close
London , United Kingdom
-$535
-$549
-$928
-$544
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
4
total
-
-
-
53
Employee
1 035
-
234
-
income
187
-
46
-
pensions
100
-
4
-
health
17
-
1
-
total
304
-
51
-
Employer
1 035
-
234
-
pensions
122
-
12
-
health
20
-
4
-
total
142
-
16
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
446
62
67
53
After tax
-196
188
183
197
Living cost
732
732
732
732
Free-cash
-928
-544
-549
-535

Estimated living cost  is $732 per week

$548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$4
$17
$21
$72
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
income
-
-
-
37
pensions

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

-
-
-
37
total
-
-
-
104
Employee
188
-
209
-
income
19
-
21
-
pensions

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

17
-
18
-
health
9
-
10
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
total
47
-
51
-
Employer
188
-
209
-
pensions

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

21
-
23
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
health
13
-
14
-
unemployment
1
-
1
-
total
37
-
40
-
Corporate
25
250
-
-
income
2
25
-
-
total
2
25
-
-
Dividends
22
225
-
-
withholding
1
11
-
-
total
1
11
-
-
Income
250
250
250
250
Total tax
87
36
91
104
After tax
163
214
159
146
Living cost
142
142
142
142
Free-cash
21
72
17
4

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$456
-$973
-$931
-$912
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
-
-
-
250
health
-
-
-
38
income
-
-
-
22
pensions
-
-
-
45
total
-
-
-
105
Employee
1 006
926
926
-
income

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

152
152
152
-
pensions
127
127
167
-
health
125
121
142
-
total
404
400
461
-
Employer
1 006
926
926
-
pensions
70
64
64
-
health
70
64
64
-
unemployment
36
33
33
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
580
561
622
105
After tax
-330
-311
-372
145
Living cost
601
601
601
601
Free-cash
-931
-912
-973
-456

Estimated living cost  is $601 per week

$444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-$139
-$134
-$264
-$88
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
-
-
-
250
social contributions
-
-
-
73
health
-
-
-
34
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
383
-
187
-
income
46
-
22
-
solidarity contribution
-
-
-
-
social contributions
25
-
12
-
health
52
-
25
-
total
123
-
59
-
Employer
383
-
187
-
health
34
-
17
-
social contributions
96
-
47
-
total
130
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
253
77
123
128
After tax
-3
173
127
122
Living cost
261
261
261
261
Free-cash
-264
-88
-134
-139

Estimated living cost  is $261 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$333
-$353
-$714
-$325
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
-
-
-
250
social contributions
-
-
-
84
municipal
-
-
-
1
national
-
-
-
38
regional
-
-
-
2
total
-
-
-
125
Employee
964
-
250
-
national
167
-
32
-
social contributions
325
-
110
-
municipal
5
-
1
-
regional
9
-
2
-
total
506
-
145
-
Employer
964
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
10
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
47
-
-
total
-
47
-
-
Income
250
250
250
250
Total tax
506
117
145
125
After tax
-256
133
105
125
Living cost
458
458
458
458
Free-cash
-714
-325
-353
-333

Estimated living cost  is $458 per week

$319
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.
$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 Milan model

Close
Thessaloniki , Greece
-$95
-$101
-$183
-$82
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
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
income
-
-
-
36
surtax
-
-
-
-
pensions
-
-
-
50
total
-
-
-
106
Employee
359
-
207
-
income
60
-
35
-
pensions
24
-
14
-
unemployment
25
-
14
-
health
9
-
5
-
other
-
-
-
-
surtax
1
-
-
-
total
119
-
68
-
Employer
359
-
207
-
pensions
48
-
28
-
other
-
-
-
-
health
16
-
9
-
unemployment
11
-
7
-
total
75
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
194
93
112
106
After tax
56
157
138
144
Living cost
239
239
239
239
Free-cash
-183
-82
-101
-95

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$303
-$317
-$532
-$312
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
4
total
-
-
-
53
Employee
694
-
234
-
income
125
-
46
-
pensions
59
-
4
-
health
10
-
1
-
total
194
-
51
-
Employer
694
-
234
-
pensions
75
-
12
-
health
13
-
4
-
total
88
-
16
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
282
62
67
53
After tax
-32
188
183
197
Living cost
500
500
500
500
Free-cash
-532
-312
-317
-303

Estimated living cost  is $500 per week

$375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$606
-$635
-$801
-$706
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
-
-
-
250
other

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

-
-
-
5
health
-
-
-
3
city
-
-
-
3
national
-
-
-
-
regional
-
-
-
2
pensions
-
-
-
23
total
-
-
-
36
Employee
960
-
214
-
pensions
81
-
29
-
national
5
-
-
-
unemployment
-
-
-
-
city
10
-
2
-
health
2
-
-
-
regional
31
-
1
-
total
129
-
32
-
Employer
960
-
214
-
pensions
81
-
29
-
other

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

19
-
4
-
health
2
-
-
-
unemployment
-
-
-
-
total
102
-
33
-
Corporate
-
250
-
-
regional
-
53
-
-
national
-
21
-
-
total
-
74
-
-
Dividends
-
176
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
250
250
250
250
Total tax
231
136
65
36
After tax
19
114
185
214
Living cost
820
820
820
820
Free-cash
-801
-706
-635
-606

Estimated living cost  is $820 per week

$533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-$321
-$321
-$402
-$371
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.

-
-
-
250
trade
-
-
-
-
health

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

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

-
-
-
74
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
74
Employee

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

652
-
250
-
surtax

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

4
-
-
-
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.

77
-
-
-
health

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

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

74
-
74
-
total
155
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
43
-
-
surtax

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

-
2
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
total
-
85
-
-
Dividends
-
166
-
-
surtax

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

-
2
-
-
withholding
-
37
-
-
total
-
39
-
-
Income
250
250
250
250
Total tax
155
124
74
74
After tax
95
126
176
176
Living cost
497
497
497
497
Free-cash
-402
-371
-321
-321

Estimated living cost  is $497 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$221
-$208
-$358
-$245
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
-
-
-
250
other
-
-
-
8
social contributions
-
-
-
7
health
-
-
-
3
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
82
total
-
-
-
100
Employee
464
-
190
-
income
27
-
-
-
pensions
52
-
22
-
social contributions
13
-
5
-
surtax
-
-
-
-
total
92
-
27
-
Employer
464
-
190
-
pensions
76
-
31
-
other
16
-
7
-
health
33
-
13
-
unemployment
19
-
8
-
social contributions
1
-
1
-
total
145
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
237
124
87
100
After tax
13
126
163
150
Living cost
371
371
371
371
Free-cash
-358
-245
-208
-221

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-$184
-$171
-$293
-$208
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
-
-
-
250
other
-
-
-
8
social contributions
-
-
-
7
health
-
-
-
3
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
82
total
-
-
-
100
Employee
414
-
190
-
income
21
-
-
-
pensions
47
-
22
-
social contributions
12
-
5
-
surtax
-
-
-
-
total
80
-
27
-
Employer
414
-
190
-
pensions
68
-
31
-
other
14
-
7
-
health
29
-
13
-
unemployment
17
-
8
-
social contributions
1
-
1
-
total
129
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
209
124
87
100
After tax
41
126
163
150
Living cost
334
334
334
334
Free-cash
-293
-208
-171
-184

Estimated living cost  is $334 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
-$69
-$100
-$147
-$78
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
-
-
-
250
social contributions
-
-
-
34
health
-
-
-
17
income
-
-
-
38
total
-
-
-
89
Employee
368
-
250
-
income
61
-
69
-
social contributions
51
-
34
-
health
26
-
17
-
total
138
-
120
-
Employer
368
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

-
12
-
-
total
-
12
-
-
Dividends
-
238
-
-
social contributions
19
33
-
-
health
10
17
-
-
withholding
-
36
-
-
total
29
86
-
-
Income
250
250
250
250
Total tax
167
98
120
89
After tax
83
152
130
161
Living cost
230
230
230
230
Free-cash
-147
-78
-100
-69

Estimated living cost  is $230 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
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
-$267
-$315
-$459
-$379
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
-
-
-
250
chamber of commerce
-
-
-
1
unemployment
-
-
-
67
health
-
-
-
19
income
-
-
-
-
surtax
-
-
-
2
pensions
-
-
-
46
total
-
-
-
135
Employee
542
432
432
-
income
62
32
46
-
pensions
56
44
18
-
unemployment
16
13
5
-
health
21
17
7
-
other
5
4
2
-
total
160
110
78
-
Employer
542
432
432
-
pensions
68
54
22
-
other
26
21
18
-
accident
7
6
2
-
health
20
16
7
-
payroll
16
13
13
-
chamber of commerce
2
2
2
-
unemployment
16
13
5
-
surtax
2
2
2
-
total
157
127
71
-
Corporate
41
41
137
-
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.

10
10
34
-
total
10
10
34
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
327
247
183
135
After tax
-77
3
67
115
Living cost
382
382
382
382
Free-cash
-459
-379
-315
-267

Estimated living cost  is $382 per week

$255
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$262
-$280
-$751
-$252
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
-
-
-
250
social contributions
-
-
-
57
communal

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

-
-
-
12
national
-
-
-
48
total
-
-
-
117
Employee

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

776
-
194
-
pensions

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

58
-
15
-
national
239
-
42
-
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
-
2
-
communal

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

40
-
10
-
health

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

36
-
9
-
total
380
-
78
-
Employer

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

776
-
194
-
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.

69
-
17
-
accident

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

10
-
3
-
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.

48
-
12
-
unemployment

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

11
-
3
-
surtax
88
-
22
-
total
226
-
57
-
Corporate
-
250
-
-
surtax
-
1
-
-
income
-
50
-
-
total
-
51
-
-
Dividends
-
199
-
-
withholding

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

-
56
-
-
total
-
56
-
-
Income
250
250
250
250
Total tax
606
107
135
117
After tax
-356
143
115
133
Living cost
395
395
395
395
Free-cash
-751
-252
-280
-262

Estimated living cost  is $395 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$250
-$301
-$462
-$222
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
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
total
-
-
-
108
Employee
540
-
135
-
income
114
-
21
-
pensions
25
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
total
148
-
44
-
Employer
540
-
135
-
pensions
127
-
85
-
other
4
-
3
-
accident
11
-
7
-
unemployment
30
-
20
-
total
172
-
115
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
320
80
159
108
After tax
-70
170
91
142
Living cost
392
392
392
392
Free-cash
-462
-222
-301
-250

Estimated living cost  is $392 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$475
-$474
-$669
-$418
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
-
-
-
250
accident
-
-
-
5
health
-
-
-
39
income
-
-
-
-
communal
-
-
-
-
surtax
-
-
-
9
pensions
-
-
-
83
total
-
-
-
136
Employee
821
-
188
-
income
79
-
-
-
pensions
66
-
41
-
health
37
-
23
-
surtax
50
-
9
-
total
232
-
73
-
Employer
821
-
188
-
pensions
66
-
41
-
accident
7
-
5
-
health
25
-
16
-
total
98
-
62
-
Corporate
-
250
-
-
communal
-
-
-
-
surtax
-
3
-
-
income
-
38
-
-
total
-
41
-
-
Dividends
-
210
-
-
withholding
-
31
-
-
income
-
7
-
-
total
-
38
-
-
Income
250
250
250
250
Total tax
330
79
135
136
After tax
-80
171
115
114
Living cost
589
589
589
589
Free-cash
-669
-418
-474
-475

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
-$100
-$106
-$192
-$87
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
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
income
-
-
-
36
surtax
-
-
-
-
pensions
-
-
-
50
total
-
-
-
106
Employee
365
-
207
-
income
61
-
35
-
pensions
24
-
14
-
unemployment
25
-
14
-
health
9
-
5
-
other
-
-
-
-
surtax
1
-
-
-
total
120
-
68
-
Employer
365
-
207
-
pensions
49
-
28
-
other
-
-
-
-
health
17
-
9
-
unemployment
12
-
7
-
total
78
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
198
93
112
106
After tax
52
157
138
144
Living cost
244
244
244
244
Free-cash
-192
-87
-106
-100

Estimated living cost  is $244 per week

$147
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-$168
-$188
-$351
-$160
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
-
-
-
250
social contributions
-
-
-
84
municipal
-
-
-
1
national
-
-
-
38
regional
-
-
-
3
total
-
-
-
126
Employee
602
-
250
-
national
95
-
32
-
social contributions
203
-
110
-
municipal
3
-
1
-
regional
8
-
3
-
total
309
-
146
-
Employer
602
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
309
118
146
126
After tax
-59
132
104
124
Living cost
292
292
292
292
Free-cash
-351
-160
-188
-168

Estimated living cost  is $292 per week

$182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-$199
-$194
-$384
-$148
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
-
-
-
250
social contributions
-
-
-
73
health
-
-
-
34
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
472
-
187
-
income
57
-
22
-
solidarity contribution
-
-
-
-
social contributions
31
-
12
-
health
64
-
25
-
total
152
-
59
-
Employer
472
-
187
-
health
43
-
17
-
social contributions
118
-
47
-
total
161
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
313
77
123
128
After tax
-63
173
127
122
Living cost
321
321
321
321
Free-cash
-384
-148
-194
-199

Estimated living cost  is $321 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
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
-$229
-$279
-$371
-$341
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
-
-
-
250
chamber of commerce
-
-
-
1
unemployment
-
-
-
67
health
-
-
-
19
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
46
total
-
-
-
133
Employee
474
432
432
-
income
42
32
46
-
pensions
49
44
18
-
unemployment
14
13
5
-
health
18
17
7
-
other
5
4
2
-
total
128
110
78
-
Employer
474
432
432
-
pensions
60
54
23
-
other
23
21
18
-
accident
6
6
2
-
health
18
16
7
-
payroll
14
13
13
-
chamber of commerce
2
2
2
-
unemployment
14
13
5
-
surtax
-
-
-
-
total
137
125
70
-
Corporate
41
41
139
-
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.

10
10
35
-
total
10
10
35
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
275
245
183
133
After tax
-25
5
67
117
Living cost
346
346
346
346
Free-cash
-371
-341
-279
-229

Estimated living cost  is $346 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$96
$48
$57
$86
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%.

-
-
-
250
microenterprise

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

-
-
-
2
total
-
-
-
2
Employee
190
-
250
-
income
38
-
50
-
total
38
-
50
-
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%.

60
250
-
-
total
-
-
-
-
Dividends
60
250
-
-
withholding
3
12
-
-
total
3
12
-
-
Income
250
250
250
250
Total tax
41
12
50
2
After tax
209
238
200
248
Living cost
152
152
152
152
Free-cash
57
86
48
96

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-$142
-$149
-$304
-$119
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.

-
-
-
250
unemployment
-
-
-
-
health
-
-
-
25
income
-
-
-
30
pensions
-
-
-
46
total
-
-
-
101
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.

480
-
216
-
income
83
-
27
-
pensions
74
-
34
-
unemployment
1
-
-
-
health
31
-
14
-
total
189
-
75
-
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.

480
-
216
-
pensions
42
-
19
-
health
32
-
14
-
unemployment
-
-
-
-
total
74
-
33
-
Corporate
-
250
-
-
income
-
48
-
-
total
-
48
-
-
Dividends
-
202
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
263
78
108
101
After tax
-13
172
142
149
Living cost
291
291
291
291
Free-cash
-304
-119
-149
-142

Estimated living cost  is $291 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$294
-$375
-$1361
-$314
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
-
-
-
250
social contributions
-
-
-
29
income
-
-
-
49
total
-
-
-
78
Employee
669
-
87
-
income
147
-
17
-
social contributions
55
-
8
-
total
202
-
25
-
Employer
669
-
87
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
-
250
-
-
income
-
55
-
-
total
-
55
-
-
Dividends
-
195
-
-
income
-
43
-
-
total
-
43
-
-
Income
250
250
250
250
Total tax
1 145
98
159
78
After tax
-895
152
91
172
Living cost
466
466
466
466
Free-cash
-1 361
-314
-375
-294

Estimated living cost  is $466 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-$192
-$189
-$367
-$198
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.

-
-
-
250
social contributions

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

-
-
-
87
income
-
-
-
15
surtax
-
-
-
-
total
-
-
-
102
Employee
499
-
202
-
income
104
-
29
-
social contributions
55
-
22
-
surtax
-
-
-
-
total
159
-
51
-
Employer
499
-
202
-
social contributions
118
-
48
-
total
118
-
48
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
53
-
-
total
-
53
-
-
Dividends
-
197
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
250
250
250
250
Total tax
277
108
99
102
After tax
-27
142
151
148
Living cost
340
340
340
340
Free-cash
-367
-198
-189
-192

Estimated living cost  is $340 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$374
-$361
-$642
-$398
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
-
-
-
250
other
-
-
-
8
social contributions
-
-
-
7
health
-
-
-
3
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
82
total
-
-
-
100
Employee
679
-
190
-
income
59
-
-
-
pensions
77
-
22
-
social contributions
19
-
5
-
surtax
-
-
-
-
total
155
-
27
-
Employer
679
-
190
-
pensions
112
-
31
-
other
23
-
7
-
health
48
-
13
-
unemployment
28
-
8
-
social contributions
2
-
1
-
total
213
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
368
124
87
100
After tax
-118
126
163
150
Living cost
524
524
524
524
Free-cash
-642
-398
-361
-374

Estimated living cost  is $524 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
-$131
-$124
-$153
-$101
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
-
-
-
250
social contributions
-
-
-
55
income
-
-
-
-
total
-
-
-
55
Employee
349
-
216
-
social contributions
23
-
14
-
income
-
-
-
-
total
23
-
14
-
Employer
349
-
216
-
social contributions
54
-
34
-
total
54
-
34
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
77
25
48
55
After tax
173
225
202
195
Living cost
326
326
326
326
Free-cash
-153
-101
-124
-131

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$336
-$2113
-$2113
-$2113
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
-
-
-
250
municipal
-
-
-
21
national
-
-
-
14
labour market
-
-
-
19
pensions
-
-
-
9
total
-
-
-
63
Employee
2 206
2 206
2 206
-
labour market
176
176
176
-
pensions
3
3
3
-
national
269
269
269
-
municipal
470
470
470
-
total
918
918
918
-
Employer
2 206
2 206
2 206
-
pensions
6
6
6
-
municipal
470
470
470
-
national
270
270
270
-
labour market
176
176
176
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
1 840
1 840
1 840
63
After tax
-1 590
-1 590
-1 590
187
Living cost
523
523
523
523
Free-cash
-2 113
-2 113
-2 113
-336

Estimated living cost  is $523 per week

$358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$91
-$102
-$194
-$214
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
-
-
-
250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
31
pensions
-
-
-
45
total
-
-
-
107
Employee
369
-
208
-
income
51
-
28
-
pensions
42
-
23
-
health
42
-
24
-
total
135
-
75
-
Employer
369
-
208
-
pensions
60
-
34
-
accident
6
-
3
-
unemployment
9
-
5
-
total
75
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
210
230
117
107
After tax
40
20
133
143
Living cost
234
234
234
234
Free-cash
-194
-214
-102
-91

Estimated living cost  is $234 per week

$171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-$211
-$257
-$428
-$243
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

-
-
-
250
municipal
-
-
-
45
health
-
-
-
-
national
-
-
-
-
total
-
-
-
45
Employee
571
-
210
-
pensions
39
-
14
-
national
9
-
-
-
municipal
93
-
35
-
unemployment
9
-
3
-
health
4
-
-
-
total
154
-
52
-
Employer
571
-
210
-
pensions
99
-
36
-
accident
1
-
-
-
health
4
-
2
-
unemployment
4
-
1
-
total
108
-
39
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends

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

-
150
-
-
municipal
-
27
-
-
national
-
-
-
-
total
-
27
-
-
Income
250
250
250
250
Total tax
262
77
91
45
After tax
-12
173
159
205
Living cost
416
416
416
416
Free-cash
-428
-243
-257
-211

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
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
-$76
-$151
-$169
-$245
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
-
-
-
412
social contributions
-
-
-
64
health
-
-
-
11
income
-
-
-
-
total
-
-
-
75
Employee
834
834
834
-
income
91
77
94
-
social contributions
32
69
23
-
health
6
14
5
-
total
129
160
122
-
Employer
834
834
834
-
health
7
15
5
-
social contributions
32
69
23
-
total
39
84
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
168
244
150
75
After tax
82
6
100
175
Living cost
251
251
251
251
Free-cash
-169
-245
-151
-76

Estimated living cost  is $251 per week

$151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
-$43
-$14
-$24
$36
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
-
-
-
250
unemployment
-
-
-
-
health
-
-
-
39
income
-
-
-
13
pensions
-
-
-
69
total
-
-
-
121
Employee

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

249
-
227
-
income
17
-
15
-
pensions
37
-
34
-
unemployment
1
-
1
-
health
21
-
19
-
total
76
-
69
-
Employer

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

249
-
227
-
pensions
14
-
12
-
health
11
-
10
-
unemployment
1
-
1
-
total
26
-
23
-
Corporate
-
250
-
-
income
-
22
-
-
total
-
22
-
-
Dividends
-
228
-
-
withholding
-
20
-
-
total
-
20
-
-
Income
250
250
250
250
Total tax
102
42
92
121
After tax
148
208
158
129
Living cost
172
172
172
172
Free-cash
-24
36
-14
-43

Estimated living cost  is $172 per week

$110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-$156
-$207
-$278
-$128
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
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
total
-
-
-
108
Employee
401
-
135
-
income
77
-
21
-
pensions
19
-
17
-
unemployment
6
-
6
-
other
-
-
-
-
total
102
-
44
-
Employer
401
-
135
-
pensions
95
-
85
-
other
3
-
3
-
accident
8
-
7
-
unemployment
22
-
20
-
total
128
-
115
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
230
80
159
108
After tax
20
170
91
142
Living cost
298
298
298
298
Free-cash
-278
-128
-207
-156

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$114
$114
$122
$126
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
-
-
-
250
health
-
-
-
16
income
-
-
-
68
pensions
-
-
-
22
total
-
-
-
106
Employee
45
-
226
-
income
9
-
66
-
pensions
4
-
10
-
unemployment
-
-
1
-
health
2
-
5
-
total
15
-
82
-
Employer
45
-
226
-
pensions
5
-
12
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
24
-
Corporate
194
250
-
-
income
43
55
-
-
total
43
55
-
-
Dividends
152
195
-
-
withholding
30
39
-
-
total
30
39
-
-
Income
250
250
250
250
Total tax
98
94
106
106
After tax
152
156
144
144
Living cost
30
30
30
30
Free-cash
122
126
114
114

Estimated living cost  is $30 per week

$18
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
-$54
-$44
-$85
-$8
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.

-
-
-
250
unemployment
-
-
-
4
health
-
-
-
26
income
-
-
-
21
pensions
-
-
-
65
total
-
-
-
116
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.

283
-
212
-
income
39
-
25
-
pensions
40
-
30
-
unemployment
2
-
2
-
health
15
-
11
-
total
96
-
68
-
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.

283
-
212
-
pensions
34
-
25
-
health
15
-
11
-
unemployment
2
-
2
-
total
51
-
38
-
Corporate
-
250
-
-
income
-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
32
-
-
total
-
32
-
-
Income
250
250
250
250
Total tax
147
70
106
116
After tax
103
180
144
134
Living cost
188
188
188
188
Free-cash
-85
-8
-44
-54

Estimated living cost  is $188 per week

$126
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.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-$144
-$141
-$270
-$150
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.

-
-
-
250
social contributions

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

-
-
-
87
income
-
-
-
15
surtax
-
-
-
-
total
-
-
-
102
Employee
421
-
202
-
income
82
-
29
-
social contributions
46
-
22
-
surtax
-
-
-
-
total
128
-
51
-
Employer
421
-
202
-
social contributions
100
-
48
-
total
100
-
48
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
53
-
-
total
-
53
-
-
Dividends
-
197
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
250
250
250
250
Total tax
228
108
99
102
After tax
22
142
151
148
Living cost
292
292
292
292
Free-cash
-270
-150
-141
-144

Estimated living cost  is $292 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$239
-$290
-$441
-$211
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
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
total
-
-
-
108
Employee
524
-
135
-
income
109
-
21
-
pensions
25
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
total
143
-
44
-
Employer
524
-
135
-
pensions
124
-
85
-
other
4
-
3
-
accident
10
-
7
-
unemployment
29
-
20
-
total
167
-
115
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
310
80
159
108
After tax
-60
170
91
142
Living cost
381
381
381
381
Free-cash
-441
-211
-290
-239

Estimated living cost  is $381 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
-$41
-$28
-$46
$27
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
income
-
-
-
37
pensions

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

-
-
-
37
total
-
-
-
104
Employee
247
-
209
-
income
25
-
21
-
pensions

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

22
-
18
-
health
11
-
10
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
total
61
-
51
-
Employer
247
-
209
-
pensions

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

27
-
23
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
health
17
-
14
-
unemployment
1
-
1
-
total
48
-
40
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
withholding
-
11
-
-
total
-
11
-
-
Income
250
250
250
250
Total tax
109
36
91
104
After tax
141
214
159
146
Living cost
187
187
187
187
Free-cash
-46
27
-28
-41

Estimated living cost  is $187 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-$243
-$243
-$289
-$288
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.

-
-
-
250
trade
-
-
-
-
health

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

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

-
-
-
74
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
74
Employee

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

540
-
250
-
surtax

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

2
-
-
-
income

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

44
-
-
-
health

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

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

74
-
74
-
total
120
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
36
-
-
surtax

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

-
2
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
total
-
78
-
-
Dividends
-
173
-
-
surtax

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

-
2
-
-
withholding
-
39
-
-
total
-
41
-
-
Income
250
250
250
250
Total tax
120
119
74
74
After tax
130
131
176
176
Living cost
419
419
419
419
Free-cash
-289
-288
-243
-243

Estimated living cost  is $419 per week

$289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$390
-$390
-$598
-$443
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
-
-
-
250
social contributions
-
-
-
6
income
-
-
-
16
total
-
-
-
22
Employee
848
-
250
-
social contributions
70
-
6
-
income
160
-
16
-
total
230
-
22
-
Employer
848
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income
-
31
-
-
total
-
31
-
-
Dividends
-
219
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
230
75
22
22
After tax
20
175
228
228
Living cost
618
618
618
618
Free-cash
-598
-443
-390
-390

Estimated living cost  is $618 per week

$470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$525
-$193
-$330
-$263
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.

-
-
-
250
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
72
income
-
-
-
309
total
-
-
-
381
Employee
498
-
227
-
social contributions
50
-
23
-
income
54
-
3
-
total
104
-
26
-
Employer
498
-
227
-
social contributions
50
-
23
-
total
50
-
23
-
Corporate
-
250
-
-
income
-
87
-
-
total
-
87
-
-
Dividends
-
163
-
-
social contributions
32
32
-
-
total
32
32
-
-
Income
250
250
250
250
Total tax
186
119
49
381
After tax
64
131
201
-131
Living cost
394
394
394
394
Free-cash
-330
-263
-193
-525

Estimated living cost  is $394 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-$209
-$223
-$375
-$218
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
4
total
-
-
-
53
Employee
558
-
234
-
income
102
-
46
-
pensions
43
-
4
-
health
7
-
1
-
total
152
-
51
-
Employer
558
-
234
-
pensions
56
-
12
-
health
11
-
4
-
total
67
-
16
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
219
62
67
53
After tax
31
188
183
197
Living cost
406
406
406
406
Free-cash
-375
-218
-223
-209

Estimated living cost  is $406 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$115
-$125
-$239
-$238
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
-
-
-
250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
31
pensions
-
-
-
45
total
-
-
-
107
Employee
405
-
208
-
income
56
-
28
-
pensions
46
-
23
-
health
46
-
24
-
total
148
-
75
-
Employer
405
-
208
-
pensions
66
-
34
-
accident
7
-
3
-
unemployment
10
-
5
-
total
83
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
231
230
117
107
After tax
19
20
133
143
Living cost
258
258
258
258
Free-cash
-239
-238
-125
-115

Estimated living cost  is $258 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$9
$9
$14
$65
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.

-
-
-
250
work injury
-
-
-
1
unemployment
-
-
-
3
income
-
-
-
25
health insurance
-
-
-
19
pensions
-
-
-
46
total
-
-
-
94
Employee

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

234
-
250
-
income
23
-
25
-
work injury
1
-
1
-
pensions
43
-
46
-
unemployment
3
-
3
-
health insurance
17
-
19
-
total
87
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16
250
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
16
250
-
-
withholding
2
38
-
-
total
2
38
-
-
Income
250
250
250
250
Total tax
89
38
94
94
After tax
161
212
156
156
Living cost
147
147
147
147
Free-cash
14
65
9
9

Estimated living cost  is $147 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-$309
-$327
-$663
-$300
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
-
-
-
250
social contributions
-
-
-
84
municipal
-
-
-
2
national
-
-
-
38
regional
-
-
-
3
total
-
-
-
127
Employee
914
-
250
-
national
154
-
32
-
social contributions
308
-
110
-
municipal
5
-
1
-
regional
14
-
2
-
total
481
-
145
-
Employer
914
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
481
118
145
127
After tax
-231
132
105
123
Living cost
432
432
432
432
Free-cash
-663
-300
-327
-309

Estimated living cost  is $432 per week

$304
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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