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
$ 300
per

Your estimated
City
free-cash

Dresden , Germany
-$173
-$107
-$107
-$114
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.

-
-
-
300
income

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

-
-
-
6
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
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
-
-
-
80
Employee

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

413
-
300
-
income

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

12
-
6
-
health

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

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

74
-
74
-
surtax

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

1
-
-
-
total
87
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
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
-
-
trade
-
47
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
total
-
96
-
-
Dividends
-
203
-
-
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
-
-
withholding
-
47
-
-
total
-
50
-
-
Income
300
300
300
300
Total tax
87
146
80
80
After tax
213
154
220
220
Living cost
327
327
327
327
Free-cash
-114
-173
-107
-107

Estimated living cost  is $327 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$356
-$338
-$335
-$618
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
-
-
-
300
municipal
-
-
-
22
social contributions
-
-
-
3
pensions
-
-
-
36
national
-
-
-
34
total
-
-
-
95
Employee
842
-
259
-
municipal
104
-
23
-
pensions
34
-
10
-
national
161
-
35
-
total
299
-
68
-
Employer
842
-
259
-
social contributions
9
-
3
-
pensions
67
-
21
-
total
76
-
24
-
Corporate
-
300
-
-
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%.

-
60
-
-
total
-
60
-
-
Dividends
-
240
-
-
withholding
-
53
-
-
total
-
53
-
-
Income
300
300
300
300
Total tax
375
113
92
95
After tax
-75
187
208
205
Living cost
543
543
543
543
Free-cash
-618
-356
-335
-338

Estimated living cost  is $543 per week

$369
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.
$115
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
$15
-$4
-$53
-$92
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.

-
-
-
300
income
-
-
-
-
microenterprise
-
-
-
45
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
surtax
-
-
-
-
total
-
-
-
79
Employee
315
-
242
-
income
56
-
43
-
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
-
27
-
surtax
-
-
-
-
total
91
-
70
-
Employer
315
-
242
-
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
-
58
-
surtax
-
-
-
-
total
76
-
58
-
Corporate
-
300
-
-
income

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

-
60
-
-
total
-
60
-
-
Dividends

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

-
240
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
167
60
128
79
After tax
133
240
172
221
Living cost
225
225
225
225
Free-cash
-92
15
-53
-4

Estimated living cost  is $225 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$710
-$279
-$772
-$772
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
-
-
-
300
income
-
-
-
27
health
-
-
-
46
pensions
-
-
-
54
total
-
-
-
127
Employee
922
922
922
-
pensions
166
126
166
-
income

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

151
151
151
-
health
142
120
142
-
total
459
397
459
-
Employer
922
922
922
-
unemployment
33
33
33
-
health
64
64
64
-
pensions
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
620
558
620
127
After tax
-320
-258
-320
173
Living cost
452
452
452
452
Free-cash
-772
-710
-772
-279

Estimated living cost  is $452 per week

$321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$256
-$271
-$260
-$488
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
-
-
-
300
unemployment
-
-
-
-
other
-
-
-
35
health
-
-
-
19
municipal
-
-
-
64
national
-
-
-
-
pensions
-
-
-
32
accident
-
-
-
1
total
-
-
-
151
Employee
599
-
228
-
municipal
179
-
68
-
national
-
-
-
-
total
179
-
68
-
Employer
599
-
228
-
accident
1
-
-
-
unemployment
16
-
6
-
health
37
-
14
-
pensions
65
-
25
-
other
70
-
27
-
total
189
-
72
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
300
300
300
300
Total tax
368
136
140
151
After tax
-68
164
160
149
Living cost
420
420
420
420
Free-cash
-488
-256
-260
-271

Estimated living cost  is $420 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$271
-$204
-$204
-$248
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.

-
-
-
300
income

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

-
-
-
6
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
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
-
-
-
80
Employee

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

547
-
300
-
income

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

47
-
6
-
health

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

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

74
-
74
-
surtax

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

3
-
-
-
total
124
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
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
-
-
trade
-
49
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
total
-
98
-
-
Dividends
-
201
-
-
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
-
-
withholding
-
46
-
-
total
-
49
-
-
Income
300
300
300
300
Total tax
124
147
80
80
After tax
176
153
220
220
Living cost
424
424
424
424
Free-cash
-248
-271
-204
-204

Estimated living cost  is $424 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
-$294
-$124
-$199
-$234
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
-
-
-
410
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
64
total
-
-
-
74
Employee
830
830
830
-
income
87
77
93
-
health
8
14
5
-
social contributions
40
69
23
-
total
135
160
121
-
Employer
830
830
830
-
social contributions
40
69
23
-
health
9
15
5
-
total
49
84
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
184
244
149
74
After tax
116
56
151
226
Living cost
350
350
350
350
Free-cash
-234
-294
-199
-124

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
-$25
$11
-$23
-$38
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
-
-
-
300
income
-
-
-
37
unemployment
-
-
-
5
health
-
-
-
21
pensions
-
-
-
30
total
-
-
-
93
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

283
113
251
-
pensions
28
11
25
-
unemployment
4
2
4
-
income
35
14
31
-
health
20
8
18
-
total
87
35
78
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

283
113
251
-
pensions
55
22
49
-
total
55
22
49
-
Corporate
-
165
-
-
income
-
15
-
-
total
-
15
-
-
Dividends
-
150
-
-
withholding
-
29
-
-
social contributions
-
28
-
-
total
-
57
-
-
Income
300
300
300
300
Total tax
142
129
127
93
After tax
158
171
173
207
Living cost
196
196
196
196
Free-cash
-38
-25
-23
11

Estimated living cost  is $196 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-$21
-$76
-$64
-$109
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
-
-
-
300
income
-
-
-
16
health
-
-
-
39
pensions
-
-
-
60
total
-
-
-
115
Employee
306
-
224
-
pensions
6
-
4
-
unemployment
5
-
4
-
income
34
-
19
-
total
45
-
27
-
Employer
306
-
224
-
unemployment
2
-
2
-
health
40
-
29
-
pensions
61
-
45
-
total
103
-
76
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends
-
240
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
148
60
103
115
After tax
152
240
197
185
Living cost
261
261
261
261
Free-cash
-109
-21
-64
-76

Estimated living cost  is $261 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$214
-$54
-$80
-$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
-
-
-
300
income
-
-
-
40
other
-
-
-
4
health
-
-
-
24
pensions
-
-
-
45
accident
-
-
-
3
total
-
-
-
116
Employee
375
-
249
-
pensions
42
-
28
-
income
51
-
34
-
health
43
-
29
-
total
136
-
91
-
Employer
375
-
249
-
accident
6
-
4
-
unemployment
9
-
6
-
pensions
61
-
41
-
total
76
-
51
-
Corporate
-
300
-
-
income

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

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
212
276
142
116
After tax
88
24
158
184
Living cost
238
238
238
238
Free-cash
-150
-214
-80
-54

Estimated living cost  is $238 per week

$175
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.
$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 Gdansk model

Close
Batumi , Georgia
$187
$199
$142
$169
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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
122
-
300
-
income
24
-
60
-
total
24
-
60
-
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%.

178
300
-
-
total
-
-
-
-
Dividends
178
300
-
-
withholding
9
15
-
-
total
9
15
-
-
Income
300
300
300
300
Total tax
33
15
60
3
After tax
267
285
240
297
Living cost
98
98
98
98
Free-cash
169
187
142
199

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
-$68
-$125
-$111
-$190
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
-
-
-
300
income
-
-
-
38
other
-
-
-
14
health
-
-
-
13
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.

-
-
-
72
total
-
-
-
137
Employee
392
-
240
-
pensions

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

27
-
17
-
unemployment
4
-
2
-
income
67
-
41
-
health
5
-
3
-
total
103
-
63
-
Employer
392
-
240
-
accident
3
-
2
-
unemployment
4
-
2
-
health
5
-
3
-
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
-
41
-
other
20
-
12
-
total
99
-
60
-
Corporate
-
300
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
17
-
-
total
-
17
-
-
Income
300
300
300
300
Total tax
202
80
123
137
After tax
98
220
177
163
Living cost
288
288
288
288
Free-cash
-190
-68
-111
-125

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$504
-$496
-$516
-$874
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
-
-
-
300
income
-
-
-
58
pensions
-
-
-
9
total
-
-
-
67
Employee
1 032
-
277
-
pensions
100
-
9
-
income
186
-
53
-
health
17
-
2
-
total
303
-
64
-
Employer
1 032
-
277
-
health
20
-
5
-
pensions
122
-
18
-
total
142
-
23
-
Corporate
-
300
-
-
income

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

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
445
75
87
67
After tax
-145
225
213
233
Living cost
729
729
729
729
Free-cash
-874
-504
-516
-496

Estimated living cost  is $729 per week

$546
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$115
$34
$46
$64
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
-
-
-
300
income
-
-
-
45
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
total
-
-
-
124
Employee
188
-
251
-
pensions

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

16
-
22
-
income
19
-
25
-
health
9
-
12
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
46
-
62
-
Employer
188
-
251
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
13
-
17
-
pensions

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

21
-
28
-
total
37
-
50
-
Corporate
76
300
-
-
income
8
30
-
-
total
8
30
-
-
Dividends
68
270
-
-
withholding
3
13
-
-
total
3
13
-
-
Income
300
300
300
300
Total tax
94
43
112
124
After tax
206
257
188
176
Living cost
142
142
142
142
Free-cash
64
115
46
34

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
-$857
-$426
-$919
-$877
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
-
-
-
300
income
-
-
-
27
health
-
-
-
46
pensions
-
-
-
54
total
-
-
-
127
Employee
1 001
922
922
-
pensions
126
126
166
-
income

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

151
151
151
-
health
125
120
142
-
total
402
397
459
-
Employer
1 001
922
922
-
unemployment
36
33
33
-
health
70
64
64
-
pensions
70
64
64
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
578
558
620
127
After tax
-278
-258
-320
173
Living cost
599
599
599
599
Free-cash
-877
-857
-919
-426

Estimated living cost  is $599 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-$51
-$113
-$106
-$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
-
-
-
300
income
-
-
-
26
health
-
-
-
41
solidarity contribution
-
-
-
-
social contributions
-
-
-
88
total
-
-
-
155
Employee
379
-
224
-
solidarity contribution
-
-
-
-
income
45
-
27
-
health
51
-
30
-
social contributions
25
-
15
-
total
121
-
72
-
Employer
379
-
224
-
social contributions
95
-
56
-
health
34
-
20
-
total
129
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
250
93
148
155
After tax
50
207
152
145
Living cost
258
258
258
258
Free-cash
-208
-51
-106
-113

Estimated living cost  is $258 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$296
-$295
-$314
-$660
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
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
3
social contributions
-
-
-
84
national
-
-
-
50
total
-
-
-
139
Employee
959
-
300
-
municipal
5
-
2
-
national
166
-
44
-
social contributions
324
-
110
-
regional
9
-
2
-
total
504
-
158
-
Employer
959
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
municipal
-
12
-
-
nationa
-
72
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
504
140
158
139
After tax
-204
160
142
161
Living cost
456
456
456
456
Free-cash
-660
-296
-314
-295

Estimated living cost  is $456 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
-$49
-$64
-$72
-$132
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
-
-
-
300
income
-
-
-
43
unemployment
-
-
-
2
other
-
-
-
-
health
-
-
-
21
pensions
-
-
-
60
surtax
-
-
-
-
total
-
-
-
126
Employee
357
-
248
-
pensions
24
-
17
-
unemployment
25
-
17
-
other
-
-
-
-
income
60
-
42
-
health
9
-
6
-
surtax
1
-
-
-
total
119
-
82
-
Employer
357
-
248
-
unemployment
11
-
8
-
health
16
-
11
-
pensions
48
-
33
-
other
-
-
-
-
total
75
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
194
111
134
126
After tax
106
189
166
174
Living cost
238
238
238
238
Free-cash
-132
-49
-72
-64

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$273
-$265
-$285
-$480
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
-
-
-
300
income
-
-
-
58
pensions
-
-
-
9
total
-
-
-
67
Employee
691
-
277
-
pensions
59
-
9
-
income
125
-
53
-
health
10
-
2
-
total
194
-
64
-
Employer
691
-
277
-
health
13
-
5
-
pensions
75
-
18
-
total
88
-
23
-
Corporate
-
300
-
-
income

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

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
282
75
87
67
After tax
18
225
213
233
Living cost
498
498
498
498
Free-cash
-480
-273
-285
-265

Estimated living cost  is $498 per week

$373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$682
-$562
-$593
-$750
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
-
-
-
300
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.

-
-
-
6
health
-
-
-
3
regional
-
-
-
3
city
-
-
-
3
pensions
-
-
-
28
national
-
-
-
-
total
-
-
-
43
Employee
959
-
260
-
city
10
-
3
-
pensions
81
-
31
-
unemployment
-
-
-
-
national
5
-
-
-
health
2
-
1
-
regional
31
-
2
-
total
129
-
37
-
Employer
959
-
260
-
unemployment
-
-
-
-
health
2
-
1
-
pensions
81
-
31
-
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
-
5
-
total
102
-
37
-
Corporate
-
300
-
-
national
-
26
-
-
regional
-
63
-
-
total
-
89
-
-
Dividends
-
211
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
300
300
300
300
Total tax
231
163
74
43
After tax
69
137
226
257
Living cost
819
819
819
819
Free-cash
-750
-682
-593
-562

Estimated living cost  is $819 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
-$344
-$275
-$275
-$349
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.

-
-
-
300
income

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

-
-
-
6
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
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
-
-
-
80
Employee

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

649
-
300
-
income

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

76
-
6
-
health

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

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

74
-
74
-
surtax

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

4
-
-
-
total
154
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
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
-
-
trade
-
51
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
total
-
100
-
-
Dividends
-
199
-
-
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
-
-
withholding
-
46
-
-
total
-
49
-
-
Income
300
300
300
300
Total tax
154
149
80
80
After tax
146
151
220
220
Living cost
495
495
495
495
Free-cash
-349
-344
-275
-275

Estimated living cost  is $495 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-$218
-$185
-$174
-$305
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
-
-
-
300
income
-
-
-
-
other
-
-
-
9
health
-
-
-
3
social contributions
-
-
-
9
pensions
-
-
-
95
surtax
-
-
-
-
total
-
-
-
116
Employee
462
-
229
-
pensions
52
-
26
-
income
27
-
-
-
social contributions
13
-
7
-
surtax
-
-
-
-
total
92
-
33
-
Employer
462
-
229
-
social contributions
1
-
1
-
unemployment
19
-
9
-
health
32
-
16
-
pensions
76
-
38
-
other
16
-
8
-
total
144
-
72
-
Corporate
-
300
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
216
-
-
surtax
-
-
-
-
withholding
-
28
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
236
149
105
116
After tax
64
151
195
184
Living cost
369
369
369
369
Free-cash
-305
-218
-174
-185

Estimated living cost  is $369 per week

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

Source of data for Nice model

Close
Marseille , France
-$182
-$149
-$138
-$242
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
-
-
-
300
income
-
-
-
-
other
-
-
-
9
health
-
-
-
3
social contributions
-
-
-
9
pensions
-
-
-
95
surtax
-
-
-
-
total
-
-
-
116
Employee
412
-
229
-
pensions
47
-
26
-
income
21
-
-
-
social contributions
12
-
7
-
surtax
-
-
-
-
total
80
-
33
-
Employer
412
-
229
-
social contributions
1
-
1
-
unemployment
17
-
9
-
health
29
-
16
-
pensions
68
-
38
-
other
14
-
8
-
total
129
-
72
-
Corporate
-
300
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
216
-
-
surtax
-
-
-
-
withholding
-
28
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
209
149
105
116
After tax
91
151
195
184
Living cost
333
333
333
333
Free-cash
-242
-182
-138
-149

Estimated living cost  is $333 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
-$46
-$36
-$37
-$96
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
-
-
-
300
income
-
-
-
45
health
-
-
-
21
social contributions
-
-
-
41
total
-
-
-
107
Employee
366
-
300
-
income
61
-
46
-
health
26
-
21
-
social contributions
51
-
41
-
total
138
-
108
-
Employer
366
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
income

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

-
15
-
-
total
-
15
-
-
Dividends
-
285
-
-
withholding
-
43
-
-
social contributions
19
39
-
-
health
10
20
-
-
total
29
102
-
-
Income
300
300
300
300
Total tax
167
117
108
107
After tax
133
183
192
193
Living cost
229
229
229
229
Free-cash
-96
-46
-37
-36

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$326
-$228
-$289
-$405
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
-
-
-
300
income
-
-
-
-
unemployment
-
-
-
66
chamber of commerce
-
-
-
1
health
-
-
-
23
pensions
-
-
-
56
surtax
-
-
-
2
total
-
-
-
148
Employee
540
430
430
-
pensions
55
44
22
-
unemployment
16
13
7
-
other
5
4
2
-
income
61
32
43
-
health
21
17
8
-
total
158
110
82
-
Employer
540
430
430
-
accident
7
6
3
-
surtax
2
2
2
-
unemployment
16
13
7
-
payroll
16
13
13
-
health
20
16
8
-
pensions
68
54
28
-
chamber of commerce
2
2
2
-
other
26
20
19
-
total
157
126
82
-
Corporate
41
41
178
-
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
45
-
total
10
10
45
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
325
246
209
148
After tax
-25
54
91
152
Living cost
380
380
380
380
Free-cash
-405
-326
-289
-228

Estimated living cost  is $380 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$223
-$194
-$253
-$696
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
-
-
-
300
communal

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

-
-
-
18
social contributions
-
-
-
5
national
-
-
-
77
total
-
-
-
100
Employee

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

772
-
232
-
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
-
17
-
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
-
national
237
-
50
-
communal

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

40
-
12
-
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
-
11
-
total
378
-
92
-
Employer

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

772
-
232
-
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
-
surtax
88
-
26
-
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
-
health

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

47
-
14
-
pensions

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

68
-
21
-
total
224
-
67
-
Corporate
-
300
-
-
surtax
-
1
-
-
income
-
60
-
-
total
-
61
-
-
Dividends
-
239
-
-
withholding

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

-
68
-
-
total
-
68
-
-
Income
300
300
300
300
Total tax
602
129
159
100
After tax
-302
171
141
200
Living cost
394
394
394
394
Free-cash
-696
-223
-253
-194

Estimated living cost  is $394 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$186
-$220
-$259
-$409
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
-
-
-
300
income
-
-
-
40
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
85
accident
-
-
-
3
total
-
-
-
130
Employee
537
-
185
-
pensions
25
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
income
113
-
31
-
total
147
-
54
-
Employer
537
-
185
-
accident
11
-
7
-
unemployment
30
-
20
-
pensions
127
-
85
-
other
4
-
3
-
total
172
-
115
-
Corporate
-
300
-
-
income

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

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
319
96
169
130
After tax
-19
204
131
170
Living cost
390
390
390
390
Free-cash
-409
-186
-259
-220

Estimated living cost  is $390 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$382
-$425
-$425
-$614
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
-
-
-
300
income
-
-
-
-
communal
-
-
-
-
health
-
-
-
39
pensions
-
-
-
82
accident
-
-
-
5
surtax
-
-
-
12
total
-
-
-
138
Employee
818
-
239
-
pensions
65
-
41
-
income
79
-
-
-
health
36
-
23
-
surtax
50
-
12
-
total
230
-
76
-
Employer
818
-
239
-
accident
7
-
5
-
health
25
-
16
-
pensions
65
-
41
-
total
97
-
62
-
Corporate
-
300
-
-
surtax
-
3
-
-
communal
-
-
-
-
income
-
45
-
-
total
-
48
-
-
Dividends
-
252
-
-
income
-
9
-
-
withholding
-
38
-
-
total
-
47
-
-
Income
300
300
300
300
Total tax
327
95
138
138
After tax
-27
205
162
162
Living cost
587
587
587
587
Free-cash
-614
-382
-425
-425

Estimated living cost  is $587 per week

$440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
-$54
-$69
-$77
-$140
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
-
-
-
300
income
-
-
-
43
unemployment
-
-
-
2
other
-
-
-
-
health
-
-
-
21
pensions
-
-
-
60
surtax
-
-
-
-
total
-
-
-
126
Employee
364
-
248
-
pensions
24
-
17
-
unemployment
25
-
17
-
other
-
-
-
-
income
61
-
42
-
health
9
-
6
-
surtax
1
-
-
-
total
120
-
82
-
Employer
364
-
248
-
unemployment
12
-
8
-
health
17
-
11
-
pensions
48
-
33
-
other
-
-
-
-
total
77
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
197
111
134
126
After tax
103
189
166
174
Living cost
242
242
242
242
Free-cash
-140
-54
-77
-69

Estimated living cost  is $242 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-$133
-$131
-$151
-$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
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
4
social contributions
-
-
-
84
national
-
-
-
50
total
-
-
-
140
Employee
599
-
300
-
municipal
3
-
2
-
national
95
-
44
-
social contributions
202
-
110
-
regional
8
-
4
-
total
308
-
160
-
Employer
599
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
municipal
-
15
-
-
nationa
-
72
-
-
total
-
87
-
-
Dividends
-
213
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
300
300
300
300
Total tax
308
142
160
140
After tax
-8
158
140
160
Living cost
291
291
291
291
Free-cash
-299
-133
-151
-131

Estimated living cost  is $291 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-$110
-$172
-$165
-$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
-
-
-
300
income
-
-
-
26
health
-
-
-
41
solidarity contribution
-
-
-
-
social contributions
-
-
-
88
total
-
-
-
155
Employee
467
-
224
-
solidarity contribution
-
-
-
-
income
56
-
27
-
health
63
-
30
-
social contributions
30
-
15
-
total
149
-
72
-
Employer
467
-
224
-
social contributions
117
-
56
-
health
42
-
20
-
total
159
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
308
93
148
155
After tax
-8
207
152
145
Living cost
317
317
317
317
Free-cash
-325
-110
-165
-172

Estimated living cost  is $317 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-$288
-$190
-$253
-$316
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
-
-
-
300
income
-
-
-
-
unemployment
-
-
-
66
chamber of commerce
-
-
-
1
health
-
-
-
23
pensions
-
-
-
56
surtax
-
-
-
-
total
-
-
-
146
Employee
472
430
430
-
pensions
48
44
23
-
unemployment
14
13
7
-
other
5
4
2
-
income
42
32
43
-
health
18
17
9
-
total
127
110
84
-
Employer
472
430
430
-
accident
6
6
3
-
surtax
-
-
-
-
unemployment
14
13
7
-
payroll
14
13
13
-
health
18
16
8
-
pensions
59
54
28
-
chamber of commerce
2
2
2
-
other
22
20
19
-
total
135
124
80
-
Corporate
41
41
180
-
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
45
-
total
10
10
45
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
272
244
209
146
After tax
28
56
91
154
Living cost
344
344
344
344
Free-cash
-316
-288
-253
-190

Estimated living cost  is $344 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$132
$144
$87
$104
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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
191
-
300
-
income
38
-
60
-
total
38
-
60
-
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%.

109
300
-
-
total
-
-
-
-
Dividends
109
300
-
-
withholding
5
15
-
-
total
5
15
-
-
Income
300
300
300
300
Total tax
43
15
60
3
After tax
257
285
240
297
Living cost
153
153
153
153
Free-cash
104
132
87
144

Estimated living cost  is $153 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
-$83
-$115
-$124
-$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

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.

-
-
-
300
income
-
-
-
40
unemployment
-
-
-
-
health
-
-
-
30
pensions
-
-
-
55
total
-
-
-
125
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

477
-
260
-
pensions
74
-
40
-
unemployment
1
-
-
-
income
82
-
37
-
health
31
-
17
-
total
188
-
94
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

477
-
260
-
unemployment
-
-
-
-
health
32
-
17
-
pensions
42
-
23
-
total
74
-
40
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
262
93
134
125
After tax
38
207
166
175
Living cost
290
290
290
290
Free-cash
-252
-83
-124
-115

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$288
-$263
-$328
-$1328
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
-
-
-
300
income
-
-
-
58
social contributions
-
-
-
34
total
-
-
-
92
Employee
676
-
68
-
income
149
-
13
-
social contributions
55
-
8
-
total
204
-
21
-
Employer
676
-
68
-
social contributions
953
-
136
-
total
953
-
136
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
income
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
1 157
117
157
92
After tax
-857
183
143
208
Living cost
471
471
471
471
Free-cash
-1 328
-288
-328
-263

Estimated living cost  is $471 per week

$306
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.
$115
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
-$168
-$161
-$161
-$315
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.

-
-
-
300
income
-
-
-
18
social contributions

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

-
-
-
104
surtax
-
-
-
-
total
-
-
-
122
Employee
497
-
242
-
income
103
-
37
-
social contributions
55
-
27
-
surtax
-
-
-
-
total
158
-
64
-
Employer
497
-
242
-
social contributions
118
-
58
-
total
118
-
58
-
Corporate
-
300
-
-
surtax
-
-
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
276
129
122
122
After tax
24
171
178
178
Living cost
339
339
339
339
Free-cash
-315
-168
-161
-161

Estimated living cost  is $339 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$370
-$337
-$326
-$585
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
-
-
-
300
income
-
-
-
-
other
-
-
-
9
health
-
-
-
3
social contributions
-
-
-
9
pensions
-
-
-
95
surtax
-
-
-
-
total
-
-
-
116
Employee
676
-
229
-
pensions
76
-
26
-
income
59
-
-
-
social contributions
19
-
7
-
surtax
-
-
-
-
total
154
-
33
-
Employer
676
-
229
-
social contributions
2
-
1
-
unemployment
27
-
9
-
health
47
-
16
-
pensions
111
-
38
-
other
23
-
8
-
total
210
-
72
-
Corporate
-
300
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
216
-
-
surtax
-
-
-
-
withholding
-
28
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
364
149
105
116
After tax
-64
151
195
184
Living cost
521
521
521
521
Free-cash
-585
-370
-326
-337

Estimated living cost  is $521 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
-$55
-$91
-$82
-$102
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
-
-
-
300
income
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
66
Employee
347
-
260
-
income
-
-
-
-
social contributions
23
-
17
-
total
23
-
17
-
Employer
347
-
260
-
social contributions
54
-
40
-
total
54
-
40
-
Corporate
-
300
-
-
income
-
30
-
-
total
-
30
-
-
Dividends
-
270
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
77
30
57
66
After tax
223
270
243
234
Living cost
325
325
325
325
Free-cash
-102
-55
-82
-91

Estimated living cost  is $325 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$2052
-$304
-$2052
-$2052
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
-
-
-
300
municipal
-
-
-
32
labour market
-
-
-
23
pensions
-
-
-
9
national
-
-
-
20
total
-
-
-
84
Employee
2 195
2 195
2 195
-
municipal
467
467
467
-
pensions
3
3
3
-
labour market
175
175
175
-
national
268
268
268
-
total
913
913
913
-
Employer
2 195
2 195
2 195
-
labour market
176
176
176
-
national
269
269
269
-
pensions
6
6
6
-
municipal
468
468
468
-
total
919
919
919
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
1 832
1 832
1 832
84
After tax
-1 532
-1 532
-1 532
216
Living cost
520
520
520
520
Free-cash
-2 052
-2 052
-2 052
-304

Estimated living cost  is $520 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$211
-$51
-$77
-$145
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
-
-
-
300
income
-
-
-
40
other
-
-
-
4
health
-
-
-
24
pensions
-
-
-
45
accident
-
-
-
3
total
-
-
-
116
Employee
370
-
249
-
pensions
42
-
28
-
income
51
-
34
-
health
42
-
29
-
total
135
-
91
-
Employer
370
-
249
-
accident
6
-
4
-
unemployment
9
-
6
-
pensions
60
-
41
-
total
75
-
51
-
Corporate
-
300
-
-
income

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

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
210
276
142
116
After tax
90
24
158
184
Living cost
235
235
235
235
Free-cash
-145
-211
-77
-51

Estimated living cost  is $235 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
-$207
-$168
-$226
-$376
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

-
-
-
300
health
-
-
-
-
municipal
-
-
-
54
national
-
-
-
-
total
-
-
-
54
Employee
568
-
252
-
municipal
93
-
42
-
pensions
38
-
17
-
unemployment
9
-
4
-
national
9
-
-
-
health
4
-
-
-
total
153
-
63
-
Employer
568
-
252
-
accident
1
-
-
-
unemployment
4
-
2
-
health
4
-
2
-
pensions
99
-
44
-
total
108
-
48
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends

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

-
180
-
-
municipal
-
32
-
-
national
-
-
-
-
total
-
32
-
-
Income
300
300
300
300
Total tax
261
92
111
54
After tax
39
208
189
246
Living cost
414
414
414
414
Free-cash
-376
-207
-226
-168

Estimated living cost  is $414 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
-$194
-$24
-$99
-$115
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
-
-
-
410
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
64
total
-
-
-
74
Employee
830
830
830
-
income
90
77
93
-
health
6
14
5
-
social contributions
31
69
23
-
total
127
160
121
-
Employer
830
830
830
-
social contributions
31
69
23
-
health
7
15
5
-
total
38
84
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
165
244
149
74
After tax
135
56
151
226
Living cost
250
250
250
250
Free-cash
-115
-194
-99
-24

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$77
$4
$17
$23
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
-
-
-
300
income
-
-
-
17
unemployment
-
-
-
-
health
-
-
-
39
pensions
-
-
-
69
total
-
-
-
125
Employee

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

248
-
272
-
pensions
37
-
41
-
unemployment
1
-
1
-
income
17
-
19
-
health
21
-
23
-
total
76
-
84
-
Employer

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

248
-
272
-
unemployment
1
-
1
-
health
11
-
12
-
pensions
14
-
15
-
total
26
-
28
-
Corporate
27
300
-
-
income
2
27
-
-
total
2
27
-
-
Dividends
24
273
-
-
withholding
2
25
-
-
total
2
25
-
-
Income
300
300
300
300
Total tax
106
52
112
125
After tax
194
248
188
175
Living cost
171
171
171
171
Free-cash
23
77
17
4

Estimated living cost  is $171 per week

$109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-$93
-$127
-$166
-$226
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
-
-
-
300
income
-
-
-
40
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
85
accident
-
-
-
3
total
-
-
-
130
Employee
399
-
185
-
pensions
19
-
17
-
unemployment
6
-
6
-
other
-
-
-
-
income
77
-
31
-
total
102
-
54
-
Employer
399
-
185
-
accident
8
-
7
-
unemployment
22
-
20
-
pensions
94
-
85
-
other
3
-
3
-
total
127
-
115
-
Corporate
-
300
-
-
income

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

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
229
96
169
130
After tax
71
204
131
170
Living cost
297
297
297
297
Free-cash
-226
-93
-166
-127

Estimated living cost  is $297 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$157
$147
$146
$153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
85
health
-
-
-
16
pensions
-
-
-
22
total
-
-
-
123
Employee
45
-
276
-
pensions
4
-
10
-
unemployment
-
-
1
-
income
9
-
84
-
health
2
-
5
-
total
15
-
100
-
Employer
45
-
276
-
unemployment
1
-
2
-
health
4
-
10
-
pensions
5
-
12
-
total
10
-
24
-
Corporate
245
300
-
-
income
54
66
-
-
total
54
66
-
-
Dividends
191
234
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
300
300
300
300
Total tax
117
113
124
123
After tax
183
187
176
177
Living cost
30
30
30
30
Free-cash
153
157
146
147

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
$30
-$30
-$17
-$33
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.

-
-
-
300
income
-
-
-
29
unemployment
-
-
-
5
health
-
-
-
31
pensions
-
-
-
78
total
-
-
-
143
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

282
-
254
-
pensions
39
-
36
-
unemployment
2
-
2
-
income
39
-
33
-
health
15
-
13
-
total
95
-
84
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

282
-
254
-
unemployment
2
-
2
-
health
15
-
13
-
pensions
34
-
31
-
total
51
-
46
-
Corporate
-
300
-
-
income
-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
38
-
-
total
-
38
-
-
Income
300
300
300
300
Total tax
146
83
130
143
After tax
154
217
170
157
Living cost
187
187
187
187
Free-cash
-33
30
-17
-30

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-$120
-$113
-$113
-$219
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.

-
-
-
300
income
-
-
-
18
social contributions

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

-
-
-
104
surtax
-
-
-
-
total
-
-
-
122
Employee
419
-
242
-
income
82
-
37
-
social contributions
46
-
27
-
surtax
-
-
-
-
total
128
-
64
-
Employer
419
-
242
-
social contributions
100
-
58
-
total
100
-
58
-
Corporate
-
300
-
-
surtax
-
-
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
228
129
122
122
After tax
72
171
178
178
Living cost
291
291
291
291
Free-cash
-219
-120
-113
-113

Estimated living cost  is $291 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$175
-$209
-$248
-$388
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
-
-
-
300
income
-
-
-
40
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
85
accident
-
-
-
3
total
-
-
-
130
Employee
521
-
185
-
pensions
25
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
income
109
-
31
-
total
143
-
54
-
Employer
521
-
185
-
accident
10
-
7
-
unemployment
29
-
20
-
pensions
123
-
85
-
other
4
-
3
-
total
166
-
115
-
Corporate
-
300
-
-
income

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

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
309
96
169
130
After tax
-9
204
131
170
Living cost
379
379
379
379
Free-cash
-388
-175
-248
-209

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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
$71
-$10
$2
$4
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
-
-
-
300
income
-
-
-
45
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
total
-
-
-
124
Employee
246
-
251
-
pensions

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

22
-
22
-
income
25
-
25
-
health
11
-
12
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
total
61
-
62
-
Employer
246
-
251
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
unemployment
1
-
2
-
health
17
-
17
-
pensions

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

27
-
28
-
total
48
-
50
-
Corporate
6
300
-
-
income
1
30
-
-
total
1
30
-
-
Dividends
5
270
-
-
withholding
-
13
-
-
total
-
13
-
-
Income
300
300
300
300
Total tax
110
43
112
124
After tax
190
257
188
176
Living cost
186
186
186
186
Free-cash
4
71
2
-10

Estimated living cost  is $186 per week

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

Source of data for Sofia model

Close
Berlin , Germany
-$260
-$197
-$197
-$237
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.

-
-
-
300
income

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

-
-
-
6
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
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
-
-
-
80
Employee

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

537
-
300
-
income

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

44
-
6
-
health

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

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

74
-
74
-
surtax

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

2
-
-
-
total
120
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
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
-
-
trade
-
43
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
total
-
92
-
-
Dividends
-
207
-
-
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
-
-
withholding
-
48
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
120
143
80
80
After tax
180
157
220
220
Living cost
417
417
417
417
Free-cash
-237
-260
-197
-197

Estimated living cost  is $417 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$405
-$350
-$350
-$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
-
-
-
300
income
-
-
-
26
social contributions
-
-
-
9
total
-
-
-
35
Employee
845
-
300
-
income
159
-
26
-
social contributions
70
-
9
-
total
229
-
35
-
Employer
845
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
income
-
37
-
-
total
-
37
-
-
Dividends
-
263
-
-
withholding
-
53
-
-
total
-
53
-
-
Income
300
300
300
300
Total tax
229
90
35
35
After tax
71
210
265
265
Living cost
615
615
615
615
Free-cash
-544
-405
-350
-350

Estimated living cost  is $615 per week

$468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$229
-$471
-$155
-$278
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.

-
-
-
300
income
-
-
-
307
health

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

-
-
-
72
total
-
-
-
379
Employee
495
-
273
-
income
54
-
9
-
social contributions
50
-
27
-
total
104
-
36
-
Employer
495
-
273
-
social contributions
50
-
27
-
total
50
-
27
-
Corporate
-
300
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
195
-
-
social contributions
32
32
-
-
total
32
32
-
-
Income
300
300
300
300
Total tax
186
137
63
379
After tax
114
163
237
-79
Living cost
392
392
392
392
Free-cash
-278
-229
-155
-471

Estimated living cost  is $392 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-$180
-$172
-$192
-$322
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
-
-
-
300
income
-
-
-
58
pensions
-
-
-
9
total
-
-
-
67
Employee
556
-
277
-
pensions
42
-
9
-
income
101
-
53
-
health
7
-
2
-
total
150
-
64
-
Employer
556
-
277
-
health
11
-
5
-
pensions
56
-
18
-
total
67
-
23
-
Corporate
-
300
-
-
income

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

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
217
75
87
67
After tax
83
225
213
233
Living cost
405
405
405
405
Free-cash
-322
-180
-192
-172

Estimated living cost  is $405 per week

$278
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
-$234
-$74
-$100
-$190
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
-
-
-
300
income
-
-
-
40
other
-
-
-
4
health
-
-
-
24
pensions
-
-
-
45
accident
-
-
-
3
total
-
-
-
116
Employee
406
-
249
-
pensions
46
-
28
-
income
56
-
34
-
health
47
-
29
-
total
149
-
91
-
Employer
406
-
249
-
accident
7
-
4
-
unemployment
10
-
6
-
pensions
66
-
41
-
total
83
-
51
-
Corporate
-
300
-
-
income

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

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
232
276
142
116
After tax
68
24
158
184
Living cost
258
258
258
258
Free-cash
-190
-234
-100
-74

Estimated living cost  is $258 per week

$190
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
$109
$41
$41
$57
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.

-
-
-
300
income
-
-
-
30
unemployment
-
-
-
4
work injury
-
-
-
2
health insurance
-
-
-
22
pensions
-
-
-
55
total
-
-
-
113
Employee

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

233
-
300
-
pensions
43
-
55
-
unemployment
3
-
4
-
work injury
1
-
2
-
health insurance
17
-
22
-
income
23
-
30
-
total
87
-
113
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67
300
-
-
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
67
300
-
-
withholding
10
45
-
-
total
10
45
-
-
Income
300
300
300
300
Total tax
97
45
113
113
After tax
203
255
187
187
Living cost
146
146
146
146
Free-cash
57
109
41
41

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-$272
-$270
-$289
-$610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
4
social contributions
-
-
-
84
national
-
-
-
50
total
-
-
-
140
Employee
910
-
300
-
municipal
5
-
2
-
national
154
-
44
-
social contributions
307
-
110
-
regional
14
-
3
-
total
480
-
159
-
Employer
910
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
municipal
-
14
-
-
nationa
-
72
-
-
total
-
86
-
-
Dividends
-
214
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
480
142
159
140
After tax
-180
158
141
160
Living cost
430
430
430
430
Free-cash
-610
-272
-289
-270

Estimated living cost  is $430 per week

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

Source of data for Rome model

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Estimated living cost

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Estimated living cost

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Source

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