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

Valencia , Spain
-$175
-$135
-$101
-$240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
3
unemployment
-
-
-
2
pensions
-
-
-
85
other
-
-
-
-
total
-
-
-
130
Employee
410
-
182
-
other
-
-
-
-
income
79
-
30
-
unemployment
6
-
6
-
pensions
19
-
17
-
total
104
-
53
-
Employer
410
-
182
-
unemployment
23
-
20
-
pensions
97
-
87
-
other
3
-
3
-
accident
8
-
7
-
total
131
-
117
-
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
235
96
170
130
After tax
65
204
130
170
Living cost
305
305
305
305
Free-cash
-240
-101
-175
-135

Estimated living cost  is $305 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
-$119
-$133
-$76
-$204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
other
-
-
-
14
total
-
-
-
137
Employee
403
-
240
-
income
69
-
41
-
health
6
-
3
-
unemployment
4
-
2
-
pensions

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

28
-
17
-
total
107
-
63
-
Employer
403
-
240
-
unemployment
4
-
2
-
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.

68
-
41
-
other
20
-
12
-
accident
3
-
2
-
health
6
-
3
-
total
101
-
60
-
Corporate
-
300
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
17
-
-
total
-
17
-
-
Income
300
300
300
300
Total tax
208
80
123
137
After tax
92
220
177
163
Living cost
296
296
296
296
Free-cash
-204
-76
-119
-133

Estimated living cost  is $296 per week

$209
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$43
$31
$112
$61
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34
unemployment
-
-
-
1
pensions

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

-
-
-
44
total
-
-
-
124
Employee
193
-
251
-
income
19
-
25
-
health
9
-
12
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
22
-
total
47
-
62
-
Employer
193
-
251
-
unemployment
1
-
2
-
pensions

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

21
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
13
-
17
-
total
37
-
50
-
Corporate
70
300
-
-
income
7
30
-
-
total
7
30
-
-
Dividends
63
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
145
145
145
145
Free-cash
61
112
43
31

Estimated living cost  is $145 per week

$85
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.
$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
Nice , France
-$185
-$197
-$229
-$323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
96
other
-
-
-
9
total
-
-
-
117
Employee
475
-
229
-
income
28
-
-
-
social contributions
14
-
7
-
surtax
-
-
-
-
pensions
54
-
26
-
total
96
-
33
-
Employer
475
-
229
-
unemployment
19
-
9
-
social contributions
1
-
1
-
pensions
78
-
38
-
other
16
-
8
-
health
33
-
16
-
total
147
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
243
149
105
117
After tax
57
151
195
183
Living cost
380
380
380
380
Free-cash
-323
-229
-185
-197

Estimated living cost  is $380 per week

$239
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-$802
-$292
-$740
-$802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
947
947
947
-
income

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

155
155
155
-
health
145
124
145
-
pensions
171
130
171
-
total
471
409
471
-
Employer
947
947
947
-
unemployment
34
34
34
-
pensions
66
66
66
-
health
66
66
66
-
total
166
166
166
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
637
575
637
127
After tax
-337
-275
-337
173
Living cost
465
465
465
465
Free-cash
-802
-740
-802
-292

Estimated living cost  is $465 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
-$117
-$117
-$182
-$125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5
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.

-
-
-
76
trade
-
-
-
-
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
-
-
-
81
Employee

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

424
-
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
-
5
-
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.

76
-
76
-
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
89
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
total
-
96
-
-
Dividends
-
203
-
-
withholding
-
47
-
-
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
-
50
-
-
Income
300
300
300
300
Total tax
89
146
81
81
After tax
211
154
219
219
Living cost
336
336
336
336
Free-cash
-125
-182
-117
-117

Estimated living cost  is $336 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
-$111
-$34
-$209
-$128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
422
income
-
-
-
-
social contributions
-
-
-
66
health
-
-
-
11
total
-
-
-
77
Employee
853
853
853
-
income
93
79
96
-
social contributions
32
71
24
-
health
7
15
5
-
total
132
165
125
-
Employer
853
853
853
-
social contributions
32
71
24
-
health
7
16
5
-
total
39
87
29
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
171
252
154
77
After tax
129
48
146
223
Living cost
257
257
257
257
Free-cash
-128
-209
-111
-34

Estimated living cost  is $257 per week

$154
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.
$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
Lisbon , Portugal
-$170
-$170
-$177
-$331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
510
-
242
-
income
106
-
37
-
social contributions
56
-
27
-
surtax
-
-
-
-
total
162
-
64
-
Employer
510
-
242
-
social contributions
121
-
58
-
total
121
-
58
-
Corporate
-
300
-
-
income
-
63
-
-
surtax
-
-
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
283
129
122
122
After tax
17
171
178
178
Living cost
348
348
348
348
Free-cash
-331
-177
-170
-170

Estimated living cost  is $348 per week

$260
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.
$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
Batumi , Georgia
$160
$217
$205
$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

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
100
-
300
-
income
20
-
60
-
total
20
-
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%.

200
300
-
-
total
-
-
-
-
Dividends
200
300
-
-
withholding
10
15
-
-
total
10
15
-
-
Income
300
300
300
300
Total tax
30
15
60
3
After tax
270
285
240
297
Living cost
80
80
80
80
Free-cash
190
205
160
217

Estimated living cost  is $80 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Ljubljana , Slovenia
-$131
-$123
-$91
-$268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
30
unemployment
-
-
-
-
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.

491
-
260
-
income
85
-
36
-
health
32
-
17
-
unemployment
1
-
-
-
pensions
76
-
40
-
total
194
-
93
-
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.

491
-
260
-
unemployment
-
-
-
-
pensions
43
-
23
-
health
33
-
17
-
total
76
-
40
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
270
93
133
125
After tax
30
207
167
175
Living cost
298
298
298
298
Free-cash
-268
-91
-131
-123

Estimated living cost  is $298 per week

$204
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.
$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
Sliema , Malta
-$165
-$491
-$241
-$293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
316
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
-
-
-
388
Employee
509
-
273
-
social contributions
51
-
27
-
income
55
-
8
-
total
106
-
35
-
Employer
509
-
273
-
social contributions
51
-
27
-
total
51
-
27
-
Corporate
-
300
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
195
-
-
social contributions
33
33
-
-
total
33
33
-
-
Income
300
300
300
300
Total tax
190
138
62
388
After tax
110
162
238
-88
Living cost
403
403
403
403
Free-cash
-293
-241
-165
-491

Estimated living cost  is $403 per week

$265
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.
$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
Vilnius , Lithuania
-$42
-$42
-$52
-$105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
41
health
-
-
-
21
total
-
-
-
107
Employee
376
-
300
-
income
63
-
45
-
social contributions
52
-
41
-
health
26
-
21
-
total
141
-
107
-
Employer
376
-
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
-
-
health
10
20
-
-
social contributions
19
39
-
-
total
29
102
-
-
Income
300
300
300
300
Total tax
170
117
107
107
After tax
130
183
193
193
Living cost
235
235
235
235
Free-cash
-105
-52
-42
-42

Estimated living cost  is $235 per week

$157
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.
$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
Prague , Czech Republic
-$149
-$155
-$94
-$294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
solidarity contribution
-
-
-
-
health
-
-
-
40
total
-
-
-
154
Employee
442
-
224
-
solidarity contribution
-
-
-
-
income
53
-
27
-
social contributions
29
-
15
-
health
60
-
30
-
total
142
-
72
-
Employer
442
-
224
-
social contributions
111
-
56
-
health
40
-
20
-
total
151
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
293
93
148
154
After tax
7
207
152
146
Living cost
301
301
301
301
Free-cash
-294
-94
-149
-155

Estimated living cost  is $301 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Tbilisi , Georgia
$116
$173
$161
$138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
155
-
300
-
income
31
-
60
-
total
31
-
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%.

145
300
-
-
total
-
-
-
-
Dividends
145
300
-
-
withholding
7
15
-
-
total
7
15
-
-
Income
300
300
300
300
Total tax
38
15
60
3
After tax
262
285
240
297
Living cost
124
124
124
124
Free-cash
138
161
116
173

Estimated living cost  is $124 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
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.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Paris , France
-$341
-$353
-$385
-$613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
96
other
-
-
-
9
total
-
-
-
117
Employee
695
-
229
-
income
61
-
-
-
social contributions
20
-
7
-
surtax
-
-
-
-
pensions
79
-
26
-
total
160
-
33
-
Employer
695
-
229
-
unemployment
28
-
9
-
social contributions
2
-
1
-
pensions
114
-
38
-
other
24
-
8
-
health
49
-
16
-
total
217
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
377
149
105
117
After tax
-77
151
195
183
Living cost
536
536
536
536
Free-cash
-613
-385
-341
-353

Estimated living cost  is $536 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
-$21
-$34
$26
-$40
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
31
unemployment
-
-
-
5
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.

289
-
254
-
income
40
-
33
-
health
15
-
13
-
unemployment
2
-
2
-
pensions
40
-
36
-
total
97
-
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.

289
-
254
-
unemployment
2
-
2
-
pensions
35
-
31
-
health
15
-
13
-
total
52
-
46
-
Corporate
-
300
-
-
income
-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
38
-
-
total
-
38
-
-
Income
300
300
300
300
Total tax
149
83
130
143
After tax
151
217
170
157
Living cost
191
191
191
191
Free-cash
-40
26
-21
-34

Estimated living cost  is $191 per week

$129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Zurich , Switzerland
-$546
-$517
-$637
-$692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3
national
-
-
-
-
health
-
-
-
3
city
-
-
-
3
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
pensions
-
-
-
28
total
-
-
-
43
Employee
906
-
261
-
regional
30
-
2
-
city
10
-
3
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
-
-
pensions
76
-
30
-
total
122
-
36
-
Employer
906
-
261
-
unemployment
-
-
-
-
pensions
76
-
30
-
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.

18
-
5
-
health
2
-
1
-
total
96
-
36
-
Corporate
-
300
-
-
regional
-
63
-
-
national
-
26
-
-
total
-
89
-
-
Dividends
-
211
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
300
300
300
300
Total tax
218
163
72
43
After tax
82
137
228
257
Living cost
774
774
774
774
Free-cash
-692
-637
-546
-517

Estimated living cost  is $774 per week

$503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
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.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
-$237
-$180
-$218
-$394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
54
national
-
-
-
-
health
-
-
-
-
total
-
-
-
54
Employee
584
-
252
-
health
4
-
-
-
unemployment
9
-
4
-
national
10
-
-
-
municipal
96
-
42
-
pensions
39
-
17
-
total
158
-
63
-
Employer
584
-
252
-
unemployment
4
-
2
-
pensions
101
-
44
-
accident
1
-
-
-
health
4
-
2
-
total
110
-
48
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends

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

-
180
-
-
national
-
-
-
-
municipal
-
32
-
-
total
-
32
-
-
Income
300
300
300
300
Total tax
268
92
111
54
After tax
32
208
189
246
Living cost
426
426
426
426
Free-cash
-394
-218
-237
-180

Estimated living cost  is $426 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.
$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.
$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

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.

Brussels , Belgium
-$264
-$202
-$233
-$724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
77
social contributions
-
-
-
3
communal

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

-
-
-
18
total
-
-
-
98
Employee

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

794
-
232
-
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.

37
-
11
-
communal

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

41
-
12
-
unemployment

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

7
-
2
-
national
244
-
51
-
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.

60
-
17
-
total
389
-
93
-
Employer

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

794
-
232
-
unemployment

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

12
-
3
-
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.

70
-
21
-
surtax
90
-
26
-
accident

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

10
-
3
-
health

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

49
-
14
-
total
231
-
67
-
Corporate
-
300
-
-
income
-
60
-
-
surtax
-
1
-
-
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
620
129
160
98
After tax
-320
171
140
202
Living cost
404
404
404
404
Free-cash
-724
-233
-264
-202

Estimated living cost  is $404 per week

$261
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
-$295
-$306
-$291
-$551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64
national
-
-
-
-
health
-
-
-
19
accident
-
-
-
1
unemployment
-
-
-
-
pensions
-
-
-
32
other
-
-
-
35
total
-
-
-
151
Employee
649
-
228
-
national
-
-
-
-
municipal
193
-
68
-
total
193
-
68
-
Employer
649
-
228
-
unemployment
17
-
6
-
pensions
70
-
25
-
other
75
-
27
-
accident
1
-
-
-
health
40
-
14
-
total
203
-
72
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
300
300
300
300
Total tax
396
136
140
151
After tax
-96
164
160
149
Living cost
455
455
455
455
Free-cash
-551
-291
-295
-306

Estimated living cost  is $455 per week

$302
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$362
-$288
-$313
-$1415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
712
-
79
-
income
157
-
15
-
social contributions
58
-
8
-
total
215
-
23
-
Employer
712
-
79
-
social contributions
1 004
-
143
-
total
1 004
-
143
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
income
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
1 219
117
166
92
After tax
-919
183
134
208
Living cost
496
496
496
496
Free-cash
-1 415
-313
-362
-288

Estimated living cost  is $496 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-$214
-$137
-$312
-$249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
422
income
-
-
-
-
social contributions
-
-
-
66
health
-
-
-
11
total
-
-
-
77
Employee
853
853
853
-
income
90
79
96
-
social contributions
41
71
24
-
health
8
15
5
-
total
139
165
125
-
Employer
853
853
853
-
social contributions
41
71
24
-
health
9
16
5
-
total
50
87
29
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
189
252
154
77
After tax
111
48
146
223
Living cost
360
360
360
360
Free-cash
-249
-312
-214
-137

Estimated living cost  is $360 per week

$246
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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
-$189
-$169
-$177
-$318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
552
-
277
-
income
101
-
53
-
health
7
-
2
-
pensions
42
-
9
-
total
150
-
64
-
Employer
552
-
277
-
pensions
56
-
18
-
health
10
-
5
-
total
66
-
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
216
75
87
67
After tax
84
225
213
233
Living cost
402
402
402
402
Free-cash
-318
-177
-189
-169

Estimated living cost  is $402 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
-$303
-$283
-$284
-$635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
49
social contributions
-
-
-
86
total
-
-
-
141
Employee
935
-
300
-
regional
14
-
3
-
social contributions
315
-
113
-
national
158
-
43
-
municipal
6
-
2
-
total
493
-
161
-
Employer
935
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
nationa
-
72
-
-
municipal
-
14
-
-
total
-
86
-
-
Dividends
-
214
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
493
142
161
141
After tax
-193
158
139
159
Living cost
442
442
442
442
Free-cash
-635
-284
-303
-283

Estimated living cost  is $442 per week

$310
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.
$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
Gdansk , Poland
-$70
-$41
-$204
-$131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
113
Employee
359
-
249
-
income
49
-
34
-
health
41
-
29
-
pensions
40
-
28
-
total
130
-
91
-
Employer
359
-
249
-
unemployment
9
-
6
-
pensions
58
-
41
-
accident
6
-
4
-
total
73
-
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
203
276
142
113
After tax
97
24
158
187
Living cost
228
228
228
228
Free-cash
-131
-204
-70
-41

Estimated living cost  is $228 per week

$167
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Berlin , Germany
-$209
-$209
-$271
-$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

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.

-
-
-
5
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.

-
-
-
76
trade
-
-
-
-
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
-
-
-
81
Employee

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

552
-
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.

45
-
5
-
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.

76
-
76
-
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
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
total
-
92
-
-
Dividends
-
207
-
-
withholding
-
48
-
-
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
-
51
-
-
Income
300
300
300
300
Total tax
124
143
81
81
After tax
176
157
219
219
Living cost
428
428
428
428
Free-cash
-252
-271
-209
-209

Estimated living cost  is $428 per week

$295
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.
$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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details 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.

Riga , Latvia
-$59
-$11
$9
-$103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
45
income
-
-
-
-
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
surtax
-
-
-
-
total
-
-
-
80
Employee
324
-
242
-
income
58
-
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.

36
-
27
-
surtax
-
-
-
-
total
94
-
70
-
Employer
324
-
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.

78
-
58
-
surtax
-
-
-
-
total
78
-
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
172
60
128
80
After tax
128
240
172
220
Living cost
231
231
231
231
Free-cash
-103
9
-59
-11

Estimated living cost  is $231 per week

$147
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.
$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
Istanbul , Turkey
$16
$7
$42
$18
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
43
pensions
-
-
-
60
total
-
-
-
148
Employee
221
-
245
-
income
43
-
48
-
health
11
-
12
-
unemployment
2
-
2
-
pensions
20
-
22
-
total
76
-
84
-
Employer
221
-
245
-
unemployment
4
-
5
-
pensions
24
-
27
-
health
21
-
23
-
total
49
-
55
-
Corporate
30
300
-
-
income
7
66
-
-
total
7
66
-
-
Dividends
23
234
-
-
withholding
5
47
-
-
total
5
47
-
-
Income
300
300
300
300
Total tax
137
113
139
148
After tax
163
187
161
152
Living cost
145
145
145
145
Free-cash
18
42
16
7

Estimated living cost  is $145 per week

$86
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.
$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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
-$83
-$76
-$60
-$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
-
-
-
43
health
-
-
-
21
unemployment
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
60
other
-
-
-
-
total
-
-
-
127
Employee
374
-
248
-
other
-
-
-
-
income
63
-
42
-
health
10
-
6
-
unemployment
26
-
17
-
surtax
1
-
-
-
pensions
25
-
17
-
total
125
-
82
-
Employer
374
-
248
-
unemployment
12
-
8
-
pensions
50
-
33
-
other
-
-
-
-
health
17
-
11
-
total
79
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
204
111
134
127
After tax
96
189
166
173
Living cost
249
249
249
249
Free-cash
-153
-60
-83
-76

Estimated living cost  is $249 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
-$265
-$201
-$304
-$337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
chamber of commerce
-
-
-
1
health
-
-
-
23
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
55
total
-
-
-
147
Employee
485
442
442
-
other
5
4
2
-
income
43
33
45
-
health
19
17
9
-
unemployment
15
13
7
-
pensions
50
45
23
-
total
132
112
86
-
Employer
485
442
442
-
unemployment
15
13
7
-
chamber of commerce
2
2
2
-
pensions
61
55
28
-
payroll
15
13
13
-