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
$ 400
per

Your estimated
City
free-cash

Dresden , Germany
-$35
-$148
-$35
-$48
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.

-
-
-
400
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.

-
-
-
80
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.

-
-
-
1
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.

-
-
-
-
trade
-
-
-
-
total
-
-
-
81
Employee

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

448
-
400
-
surtax

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

1
-
-
-
income

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

13
-
1
-
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.

80
-
80
-
total
94
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
63
-
-
income
-
60
-
-
total
-
128
-
-
Dividends
-
271
-
-
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
-
63
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
94
194
81
81
After tax
306
206
319
319
Living cost
354
354
354
354
Free-cash
-48
-148
-35
-35

Estimated living cost  is $354 per week

$223
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

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
-$346
-$366
-$348
-$641
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
-
-
-
400
social contributions
-
-
-
4
pensions
-
-
-
48
national
-
-
-
49
municipal
-
-
-
31
total
-
-
-
132
Employee
955
-
346
-
municipal
118
-
33
-
national
183
-
51
-
pensions
38
-
14
-
total
339
-
98
-
Employer
955
-
346
-
pensions
76
-
28
-
social contributions
10
-
4
-
total
86
-
32
-
Corporate
-
400
-
-
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%.

-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
425
150
130
132
After tax
-25
250
270
268
Living cost
616
616
616
616
Free-cash
-641
-366
-346
-348

Estimated living cost  is $616 per week

$419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$13
$77
$60
-$24
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.

-
-
-
400
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.

-
-
-
37
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
60
total
-
-
-
97
Employee
342
-
322
-
surtax
-
-
-
-
social contributions

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

38
-
35
-
income
61
-
57
-
total
99
-
92
-
Employer
342
-
322
-
surtax
-
-
-
-
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.

82
-
78
-
total
82
-
78
-
Corporate
-
400
-
-
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%.

-
80
-
-
total
-
80
-
-
Dividends

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

-
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
181
80
170
97
After tax
219
320
230
303
Living cost
243
243
243
243
Free-cash
-24
77
-13
60

Estimated living cost  is $243 per week

$155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$762
-$696
-$259
-$762
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
-
-
-
400
health
-
-
-
61
income
-
-
-
36
pensions
-
-
-
72
total
-
-
-
169
Employee
999
999
999
-
income

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

164
164
164
-
pensions
180
137
180
-
health
153
130
153
-
total
497
431
497
-
Employer
999
999
999
-
unemployment
36
36
36
-
health
69
69
69
-
pensions
70
70
70
-
total
175
175
175
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
672
606
672
169
After tax
-272
-206
-272
231
Living cost
490
490
490
490
Free-cash
-762
-696
-762
-259

Estimated living cost  is $490 per week

$347
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.
$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.
$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

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$268
-$263
-$281
-$501
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
-
-
-
400
other
-
-
-
46
health
-
-
-
25
accident
-
-
-
1
pensions
-
-
-
43
national
-
-
-
-
unemployment
-
-
-
-
municipal
-
-
-
85
total
-
-
-
200
Employee
686
-
304
-
municipal
205
-
91
-
national
-
-
-
-
total
205
-
91
-
Employer
686
-
304
-
other
80
-
35
-
unemployment
18
-
8
-
health
42
-
19
-
accident
1
-
1
-
pensions
74
-
33
-
total
215
-
96
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
400
400
400
400
Total tax
420
182
187
200
After tax
-20
218
213
200
Living cost
481
481
481
481
Free-cash
-501
-263
-268
-281

Estimated living cost  is $481 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$141
-$257
-$141
-$194
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.

-
-
-
400
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.

-
-
-
80
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.

-
-
-
1
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.

-
-
-
-
trade
-
-
-
-
total
-
-
-
81
Employee

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

593
-
400
-
surtax

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

3
-
-
-
income

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

51
-
1
-
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.

80
-
80
-
total
134
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
66
-
-
income
-
60
-
-
total
-
131
-
-
Dividends
-
269
-
-
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
-
63
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
134
197
81
81
After tax
266
203
319
319
Living cost
460
460
460
460
Free-cash
-194
-257
-141
-141

Estimated living cost  is $460 per week

$307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
-$152
-$245
-$60
-$181
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
-
-
-
445
social contributions
-
-
-
69
health
-
-
-
11
income
-
-
-
-
total
-
-
-
80
Employee
900
900
900
-
social contributions
44
75
30
-
income
94
83
99
-
health
9
15
6
-
total
147
173
135
-
Employer
900
900
900
-
health
10
17
7
-
social contributions
44
75
30
-
total
54
92
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
201
265
172
80
After tax
199
135
228
320
Living cost
380
380
380
380
Free-cash
-181
-245
-152
-60

Estimated living cost  is $380 per week

$259
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.
$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 Limassol model

Close
Budapest , Hungary
$19
$13
$63
$17
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
-
-
-
400
health
-
-
-
28
income
-
-
-
49
pensions
-
-
-
40
unemployment
-
-
-
6
total
-
-
-
123
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.

310
123
335
-
income
38
15
41
-
pensions
31
12
33
-
health
22
9
23
-
unemployment
5
2
5
-
total
96
38
102
-
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.

310
123
335
-
pensions
60
24
65
-
total
60
24
65
-
Corporate
30
253
-
-
income
3
23
-
-
total
3
23
-
-
Dividends
27
230
-
-
social contributions
4
43
-
-
withholding
5
44
-
-
total
9
87
-
-
Income
400
400
400
400
Total tax
168
172
167
123
After tax
232
228
233
277
Living cost
214
214
214
214
Free-cash
17
13
19
63

Estimated living cost  is $214 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-$26
$37
-$42
-$44
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
-
-
-
400
health
-
-
-
52
income
-
-
-
27
pensions
-
-
-
80
total
-
-
-
159
Employee
332
-
299
-
income
37
-
31
-
pensions
7
-
6
-
unemployment
5
-
5
-
total
49
-
42
-
Employer
332
-
299
-
unemployment
3
-
2
-
health
43
-
39
-
pensions
66
-
60
-
total
112
-
101
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
161
80
143
159
After tax
239
320
257
241
Living cost
283
283
283
283
Free-cash
-44
37
-26
-42

Estimated living cost  is $283 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$47
-$226
$3
-$89
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
-
-
-
400
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
57
pensions
-
-
-
49
total
-
-
-
139
Employee
406
-
332
-
income
56
-
46
-
pensions
46
-
37
-
health
46
-
38
-
total
148
-
121
-
Employer
406
-
332
-
unemployment
10
-
8
-
accident
7
-
6
-
pensions
66
-
54
-
total
83
-
68
-
Corporate
-
400
-
-
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.

-
360
-
-
total
-
360
-
-
Dividends
-
40
-
-
withholding
-
8
-
-
total
-
8
-
-
Income
400
400
400
400
Total tax
231
368
189
139
After tax
169
32
211
261
Living cost
258
258
258
258
Free-cash
-89
-226
-47
3

Estimated living cost  is $258 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$222
$282
$298
$264
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
122
-
400
-
income
24
-
80
-
total
24
-
80
-
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%.

278
400
-
-
total
-
-
-
-
Dividends
278
400
-
-
withholding
14
20
-
-
total
14
20
-
-
Income
400
400
400
400
Total tax
38
20
80
4
After tax
362
380
320
396
Living cost
98
98
98
98
Free-cash
264
282
222
298

Estimated living cost  is $98 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
-$76
-$18
-$96
-$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
-
-
-
400
other
-
-
-
19
health
-
-
-
18
income
-
-
-
51
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.

-
-
-
96
total
-
-
-
184
Employee
425
-
319
-
income
73
-
55
-
pensions

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

30
-
22
-
health
6
-
4
-
unemployment
4
-
3
-
total
113
-
84
-
Employer
425
-
319
-
other
21
-
16
-
unemployment
4
-
3
-
health
6
-
4
-
accident
3
-
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.

72
-
54
-
total
106
-
80
-
Corporate
-
400
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
400
400
400
400
Total tax
219
106
164
184
After tax
181
294
236
216
Living cost
312
312
312
312
Free-cash
-131
-18
-76
-96

Estimated living cost  is $312 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Bratislava model

Close
London , United Kingdom
-$503
-$478
-$472
-$851
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
-
-
-
400
income
-
-
-
77
pensions
-
-
-
17
total
-
-
-
94
Employee
1 101
-
365
-
income
198
-
69
-
health
18
-
3
-
pensions
106
-
18
-
total
322
-
90
-
Employer
1 101
-
365
-
health
21
-
7
-
pensions
130
-
28
-
total
151
-
35
-
Corporate
-
400
-
-
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.

-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
24
-
-
total
-
24
-
-
Income
400
400
400
400
Total tax
473
100
125
94
After tax
-73
300
275
306
Living cost
778
778
778
778
Free-cash
-851
-478
-503
-472

Estimated living cost  is $778 per week

$583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
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

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
$101
$190
$81
$137
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
-
-
-
400
health
-
-
-
46
income
-
-
-
60
pensions

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

-
-
-
59
unemployment
-
-
-
2
total
-
-
-
167
Employee
201
-
334
-
income
20
-
33
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
29
-
health
9
-
15
-
total
49
-
81
-
Employer
201
-
334
-
unemployment
1
-
2
-
health
14
-
23
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
37
-
total
39
-
66
-
Corporate
159
400
-
-
income
16
40
-
-
total
16
40
-
-
Dividends
143
360
-
-
withholding
7
18
-
-
total
7
18
-
-
Income
400
400
400
400
Total tax
111
58
147
167
After tax
289
342
253
233
Living cost
152
152
152
152
Free-cash
137
190
101
81

Estimated living cost  is $152 per week

$89
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 Varna model

Close
Amsterdam , Netherlands
-$921
-$855
-$418
-$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
-
-
-
400
health
-
-
-
61
income
-
-
-
36
pensions
-
-
-
72
total
-
-
-
169
Employee
1 085
999
999
-
income

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

164
164
164
-
pensions
137
137
180
-
health
135
130
153
-
total
436
431
497
-
Employer
1 085
999
999
-
unemployment
39
36
36
-
health
75
69
69
-
pensions
75
70
70
-
total
189
175
175
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
625
606
672
169
After tax
-225
-206
-272
231
Living cost
649
649
649
649
Free-cash
-874
-855
-921
-418

Estimated living cost  is $649 per week

$479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$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 Amsterdam model

Close
Brno , Czech Republic
-$84
-$12
-$92
-$166
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
-
-
-
400
social contributions
-
-
-
117
health
-
-
-
54
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
423
-
299
-
social contributions
27
-
19
-
solidarity contribution
-
-
-
-
income
51
-
36
-
health
57
-
40
-
total
135
-
95
-
Employer
423
-
299
-
health
38
-
27
-
social contributions
106
-
75
-
total
144
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
279
125
197
205
After tax
121
275
203
195
Living cost
287
287
287
287
Free-cash
-166
-12
-84
-92

Estimated living cost  is $287 per week

$200
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$295
-$281
-$271
-$641
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
-
-
-
400
social contributions
-
-
-
103
national
-
-
-
68
regional
-
-
-
4
municipal
-
-
-
2
total
-
-
-
177
Employee
1 040
-
400
-
social contributions
351
-
135
-
municipal
6
-
2
-
national
180
-
61
-
regional
10
-
3
-
total
547
-
201
-
Employer
1 040
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
16
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
547
187
201
177
After tax
-147
213
199
223
Living cost
494
494
494
494
Free-cash
-641
-281
-295
-271

Estimated living cost  is $494 per week

$344
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.
$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 Milan model

Close
Thessaloniki , Greece
-$35
-$6
-$27
-$69
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
-
-
-
400
other
-
-
-
-
health
-
-
-
28
income
-
-
-
58
pensions
-
-
-
80
surtax
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
169
Employee
387
-
330
-
surtax
1
-
-
-
income
65
-
55
-
other
-
-
-
-
pensions
26
-
22
-
health
10
-
8
-
unemployment
27
-
23
-
total
129
-
108
-
Employer
387
-
330
-
other
-
-
-
-
unemployment
12
-
10
-
health
18
-
15
-
pensions
52
-
44
-
total
82
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
211
148
177
169
After tax
189
252
223
231
Living cost
258
258
258
258
Free-cash
-69
-6
-35
-27

Estimated living cost  is $258 per week

$158
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.
$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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$257
-$232
-$226
-$433
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
-
-
-
400
income
-
-
-
77
pensions
-
-
-
17
total
-
-
-
94
Employee
738
-
365
-
income
133
-
69
-
health
11
-
3
-
pensions
63
-
18
-
total
207
-
90
-
Employer
738
-
365
-
health
14
-
7
-
pensions
80
-
28
-
total
94
-
35
-
Corporate
-
400
-
-
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.

-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
24
-
-
total
-
24
-
-
Income
400
400
400
400
Total tax
301
100
125
94
After tax
99
300
275
306
Living cost
532
532
532
532
Free-cash
-433
-232
-257
-226

Estimated living cost  is $532 per week

$398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$634
-$759
-$599
-$807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
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.

-
-
-
8
health
-
-
-
3
pensions
-
-
-
37
city
-
-
-
4
national
-
-
-
-
regional
-
-
-
5
total
-
-
-
57
Employee
1 102
-
350
-
national
5
-
-
-
city
12
-
4
-
pensions
93
-
38
-
health
2
-
1
-
regional
36
-
3
-
unemployment
-
-
-
-
total
148
-
46
-
Employer
1 102
-
350
-
other

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

22
-
7
-
unemployment
-
-
-
-
health
2
-
1
-
pensions
93
-
38
-
total
117
-
46
-
Corporate
-
400
-
-
regional
-
85
-
-
national
-
34
-
-
total
-
119
-
-
Dividends
-
281
-
-
withholding
-
98
-
-
total
-
98
-
-
Income
400
400
400
400
Total tax
265
217
92
57
After tax
135
183
308
343
Living cost
942
942
942
942
Free-cash
-807
-759
-634
-599

Estimated living cost  is $942 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
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
-$217
-$335
-$217
-$304
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.

-
-
-
400
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.

-
-
-
80
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.

-
-
-
1
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.

-
-
-
-
trade
-
-
-
-
total
-
-
-
81
Employee

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

703
-
400
-
surtax

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

5
-
-
-
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.

83
-
1
-
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.

80
-
80
-
total
168
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
69
-
-
income
-
60
-
-
total
-
134
-
-
Dividends
-
266
-
-
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
-
62
-
-
total
-
65
-
-
Income
400
400
400
400
Total tax
168
199
81
81
After tax
232
201
319
319
Living cost
536
536
536
536
Free-cash
-304
-335
-217
-217

Estimated living cost  is $536 per week

$391
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.
$95
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
-$144
-$199
-$153
-$257
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
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
4
pensions
-
-
-
123
surtax
-
-
-
-
total
-
-
-
153
Employee
501
-
305
-
surtax
-
-
-
-
social contributions
14
-
9
-
income
30
-
6
-
pensions
57
-
34
-
total
101
-
49
-
Employer
501
-
305
-
other
17
-
11
-
unemployment
20
-
12
-
health
35
-
21
-
pensions
82
-
50
-
social contributions
2
-
1
-
total
156
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
257
199
144
153
After tax
143
201
256
247
Living cost
400
400
400
400
Free-cash
-257
-199
-144
-153

Estimated living cost  is $400 per week

$252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
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
-$105
-$160
-$114
-$186
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
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
4
pensions
-
-
-
123
surtax
-
-
-
-
total
-
-
-
153
Employee
447
-
305
-
surtax
-
-
-
-
social contributions
13
-
9
-
income
23
-
6
-
pensions
51
-
34
-
total
87
-
49
-
Employer
447
-
305
-
other
15
-
11
-
unemployment
18
-
12
-
health
31
-
21
-
pensions
73
-
50
-
social contributions
1
-
1
-
total
138
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
225
199
144
153
After tax
175
201
256
247
Living cost
361
361
361
361
Free-cash
-186
-160
-105
-114

Estimated living cost  is $361 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$2
-$4
$9
-$27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
55
health
-
-
-
28
income
-
-
-
60
total
-
-
-
143
Employee
397
-
400
-
social contributions
55
-
55
-
income
66
-
67
-
health
28
-
28
-
total
149
-
150
-
Employer
397
-
400
-
total
-
-
-
-
Corporate
3
400
-
-
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%.

-
20
-
-
total
-
20
-
-
Dividends
3
380
-
-
social contributions
20
52
-
-
withholding
-
57
-
-
health
10
27
-
-
total
30
136
-
-
Income
400
400
400
400
Total tax
179
156
150
143
After tax
221
244
250
257
Living cost
248
248
248
248
Free-cash
-27
-4
2
9

Estimated living cost  is $248 per week

$166
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.
$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 Vilnius model

Close
Vienna , Austria
-$275
-$279
-$193
-$368
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
-
-
-
400
health
-
-
-
31
income
-
-
-
-
chamber of commerce
-
-
-
2
pensions
-
-
-
74
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
181
Employee
585
466
466
-
income
67
34
43
-
other
6
5
3
-
pensions
60
48
31
-
health
23
18
12
-
unemployment
18
14
9
-
total
174
119
98
-
Employer
585
466
466
-
other
28
22
21
-
unemployment
18
14
9
-
health
22
18
11
-
surtax
2
2
2
-
accident
8
6
4
-
pensions
73
59
38
-
payroll
18
14
14
-
chamber of commerce
2
2
2
-
total
171
137
101
-
Corporate
44
44
255
-
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.

11
11
64
-
total
11
11
64
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
356
267
263
181
After tax
44
133
137
219
Living cost
412
412
412
412
Free-cash
-368
-279
-275
-193

Estimated living cost  is $412 per week

$275
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.
$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.
$95
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
-$241
-$200
-$179
-$680
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
-
-
-
400
social contributions
-
-
-
21
communal

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

-
-
-
23
national
-
-
-
108
total
-
-
-
152
Employee

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

837
-
310
-
national
257
-
67
-
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.

63
-
23
-
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.

39
-
15
-
communal

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

44
-
16
-
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
-
3
-
total
410
-
124
-
Employer

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

837
-
310
-
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
-
5
-
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.

51
-
19
-
surtax
95
-
35
-
accident

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

11
-
4
-
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.

74
-
27
-
total
243
-
90
-
Corporate
-
400
-
-
surtax
-
2
-
-
income
-
80
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
91
-
-
total
-
91
-
-
Income
400
400
400
400
Total tax
653
173
214
152
After tax
-253
227
186
248
Living cost
427
427
427
427
Free-cash
-680
-200
-241
-179

Estimated living cost  is $427 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$219
-$152
-$196
-$369
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
-
-
-
400
other
-
-
-
-
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
unemployment
-
-
-
3
total
-
-
-
173
Employee
582
-
275
-
income
123
-
48
-
other
1
-
-
-
pensions
27
-
18
-
unemployment
9
-
6
-
total
160
-
72
-
Employer
582
-
275
-
other
5
-
3
-
unemployment
32
-
21
-
accident
12
-
8
-
pensions
137
-
92
-
total
186
-
124
-
Corporate
-
400
-
-
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.

-
60
-
-
total
-
60
-
-
Dividends
-
340
-
-
withholding
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
346
129
196
173
After tax
54
271
204
227
Living cost
423
423
423
423
Free-cash
-369
-152
-219
-196

Estimated living cost  is $423 per week

$311
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$392
-$384
-$391
-$592
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
-
-
-
400
health
-
-
-
42
accident
-
-
-
5
income
-
-
-
1
pensions
-
-
-
89
communal
-
-
-
-
surtax
-
-
-
18
total
-
-
-
155
Employee
886
-
333
-
surtax
54
-
18
-
income
86
-
1
-
pensions
71
-
45
-
health
39
-
25
-
total
250
-
89
-
Employer
886
-
333
-
health
27
-
17
-
accident
8
-
5
-
pensions
71
-
45
-
total
106
-
67
-
Corporate
-
400
-
-
surtax
-
4
-
-
income
-
60
-
-
communal
-
27
-
-
total
-
91
-
-
Dividends
-
309
-
-
income
-
11
-
-
withholding
-
46
-
-
total
-
57
-
-
Income
400
400
400
400
Total tax
356
148
156
155
After tax
44
252
244
245
Living cost
636
636
636
636
Free-cash
-592
-384
-392
-391

Estimated living cost  is $636 per week

$477
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
-$40
-$11
-$32
-$77
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
-
-
-
400
other
-
-
-
-
health
-
-
-
28
income
-
-
-
58
pensions
-
-
-
80
surtax
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
169
Employee
394
-
330
-
surtax
1
-
-
-
income
66
-
55
-
other
-
-
-
-
pensions
26
-
22
-
health
10
-
8
-
unemployment
27
-
23
-
total
130
-
108
-
Employer
394
-
330
-
other
-
-
-
-
unemployment
13
-
10
-
health
18
-
15
-
pensions
53
-
44
-
total
84
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
214
148
177
169
After tax
186
252
223
231
Living cost
263
263
263
263
Free-cash
-77
-11
-40
-32

Estimated living cost  is $263 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-$118
-$105
-$94
-$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
-
-
-
400
social contributions
-
-
-
103
national
-
-
-
68
regional
-
-
-
6
municipal
-
-
-
2
total
-
-
-
179
Employee
649
-
400
-
social contributions
219
-
135
-
municipal
3
-
2
-
national
103
-
61
-
regional
9
-
5
-
total
334
-
203
-
Employer
649
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
20
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
334
190
203
179
After tax
66
210
197
221
Living cost
315
315
315
315
Free-cash
-249
-105
-118
-94

Estimated living cost  is $315 per week

$196
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.
$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 Source

Source of data for Naples model

Close
Prague , Czech Republic
-$151
-$79
-$159
-$298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
117
health
-
-
-
54
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
521
-
299
-
social contributions
34
-
19
-
solidarity contribution
-
-
-
-
income
63
-
36
-
health
70
-
40
-
total
167
-
95
-
Employer
521
-
299
-
health
47
-
27
-
social contributions
130
-
75
-
total
177
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
344
125
197
205
After tax
56
275
203
195
Living cost
354
354
354
354
Free-cash
-298
-79
-151
-159

Estimated living cost  is $354 per week

$263
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.
$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

Source of data for Prague model

Close
Graz , Austria
-$234
-$238
-$152
-$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
-
-
-
400
health
-
-
-
31
income
-
-
-
-
chamber of commerce
-
-
-
2
pensions
-
-
-
74
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
179
Employee
511
466
466
-
income
46
34
43
-
other
5
5
3
-
pensions
52
48
31
-
health
20
18
12
-
unemployment
15
14
9
-
total
138
119
98
-
Employer
511
466
466
-
other
24
22
21
-
unemployment
15
14
9
-
health
19
18
11
-
surtax
-
-
-
-
accident
7
6
4
-
pensions
64
59
38
-
payroll
15
14
14
-
chamber of commerce
2
2
2
-
total
146
135
99
-
Corporate
44
44
257
-
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.

11
11
64
-
total
11
11
64
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
295
265
261
179
After tax
105
135
139
221
Living cost
373
373
373
373
Free-cash
-268
-238
-234
-152

Estimated living cost  is $373 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$168
$228
$244
$200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
190
-
400
-
income
38
-
80
-
total
38
-
80
-
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%.

210
400
-
-
total
-
-
-
-
Dividends
210
400
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
400
400
400
400
Total tax
48
20
80
4
After tax
352
380
320
396
Living cost
152
152
152
152
Free-cash
200
228
168
244

Estimated living cost  is $152 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-$97
-$39
-$85
-$197
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.

-
-
-
400
health
-
-
-
39
income
-
-
-
58
pensions
-
-
-
73
unemployment
-
-
-
1
total
-
-
-
171
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.

517
-
346
-
income
89
-
53
-
pensions
80
-
54
-
health
33
-
22
-
unemployment
1
-
-
-
total
203
-
129
-
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.

517
-
346
-
unemployment
-
-
-
-
health
34
-
23
-
pensions
46
-
31
-
total
80
-
54
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
283
125
183
171
After tax
117
275
217
229
Living cost
314
314
314
314
Free-cash
-197
-39
-97
-85

Estimated living cost  is $314 per week

$215
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.
$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 Ljubljana model

Close
Oslo , Norway
-$301
-$287
-$254
-$1432
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
-
-
-
400
social contributions
-
-
-
46
income
-
-
-
78
total
-
-
-
124
Employee
760
-
51
-
social contributions
62
-
9
-
income
168
-
9
-
total
230
-
18
-
Employer
760
-
51
-
social contributions
1 072
-
153
-
total
1 072
-
153
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
income
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
1 302
157
171
124
After tax
-902
243
229
276
Living cost
530
530
530
530
Free-cash
-1 432
-287
-301
-254

Estimated living cost  is $530 per week

$344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
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
-$136
-$139
-$130
-$266
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.

-
-
-
400
social contributions

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

-
-
-
139
income
-
-
-
24
surtax
-
-
-
-
total
-
-
-
163
Employee
538
-
323
-
surtax
-
-
-
-
social contributions
59
-
36
-
income
112
-
56
-
total
171
-
92
-
Employer
538
-
323
-
social contributions
128
-
77
-
total
128
-
77
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
299
172
169
163
After tax
101
228
231
237
Living cost
367
367
367
367
Free-cash
-266
-139
-136
-130

Estimated living cost  is $367 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$309
-$364
-$318
-$561
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
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
4
pensions
-
-
-
123
surtax
-
-
-
-
total
-
-
-
153
Employee
733
-
305
-
surtax
-
-
-
-
social contributions
21
-
9
-
income
64
-
6
-
pensions
83
-
34
-
total
168
-
49
-
Employer
733
-
305
-
other
25
-
11
-
unemployment
30
-
12
-
health
51
-
21
-
pensions
120
-
50
-
social contributions
2
-
1
-
total
228
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
396
199
144
153
After tax
4
201
256
247
Living cost
565
565
565
565
Free-cash
-561
-364
-309
-318

Estimated living cost  is $565 per week

$382
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.
$129
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
-$29
$8
-$40
-$34
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
-
-
-
400
income
-
-
-
-
social contributions
-
-
-
88
total
-
-
-
88
Employee
376
-
346
-
income
-
-
-
-
social contributions
24
-
23
-
total
24
-
23
-
Employer
376
-
346
-
social contributions
58
-
54
-
total
58
-
54
-
Corporate
-
400
-
-
income
-
40
-
-
total
-
40
-
-
Dividends
-
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
82
40
77
88
After tax
318
360
323
312
Living cost
352
352
352
352
Free-cash
-34
8
-29
-40

Estimated living cost  is $352 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$2137
-$2137
-$284
-$2137
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
-
-
-
400
labour market
-
-
-
31
pensions
-
-
-
10
national
-
-
-
31
municipal
-
-
-
51
total
-
-
-
123
Employee
2 367
2 367
2 367
-
labour market
189
189
189
-
municipal
504
504
504
-
national
289
289
289
-
pensions
3
3
3
-
total
985
985
985
-
Employer
2 367
2 367
2 367
-
national
290
290
290
-
labour market
189
189
189
-
pensions
7
7
7
-
municipal
505
505
505
-
total
991
991
991
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
1 976
1 976
1 976
123
After tax
-1 576
-1 576
-1 576
277
Living cost
561
561
561
561
Free-cash
-2 137
-2 137
-2 137
-284

Estimated living cost  is $561 per week

$384
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.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$43
-$222
$7
-$82
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
57
pensions
-
-
-
49
total
-
-
-
139
Employee
400
-
332
-
income
55
-
46
-
pensions
45
-
37
-
health
46
-
38
-
total
146
-
121
-
Employer
400
-
332
-
unemployment
10
-
8
-
accident
7
-
6
-
pensions
65
-
54
-
total
82
-
68
-
Corporate
-
400
-
-
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.

-
360
-
-
total
-
360
-
-
Dividends
-
40
-
-
withholding
-
8
-
-
total
-
8
-
-
Income
400
400
400
400
Total tax
228
368
189
139
After tax
172
32
211
261
Living cost
254
254
254
254
Free-cash
-82
-222
-43
7

Estimated living cost  is $254 per week

$185
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.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$196
-$172
-$122
-$333
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

-
-
-
400
health
-
-
-
1
national
-
-
-
-
municipal
-
-
-
72
total
-
-
-
73
Employee
616
-
336
-
municipal
101
-
56
-
national
10
-
-
-
pensions
42
-
23
-
health
5
-
-
-
unemployment
9
-
5
-
total
167
-
84
-
Employer
616
-
336
-
unemployment
4
-
2
-
health
5
-
3
-
accident
1
-
-
-
pensions
107
-
58
-
total
117
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
national
-
-
-
-
municipal
-
43
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
284
123
147
73
After tax
116
277
253
327
Living cost
449
449
449
449
Free-cash
-333
-172
-196
-122

Estimated living cost  is $449 per week

$293
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.
$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

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
-$43
-$136
$49
-$52
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
-
-
-
445
social contributions
-
-
-
69
health
-
-
-
11
income
-
-
-
-
total
-
-
-
80
Employee
900
900
900
-
social contributions
34
75
30
-
income
98
83
99
-
health
7
15
6
-
total
139
173
135
-
Employer
900
900
900
-
health
8
17
7
-
social contributions
34
75
30
-
total
42
92
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
181
265
172
80
After tax
219
135
228
320
Living cost
271
271
271
271
Free-cash
-52
-136
-43
49

Estimated living cost  is $271 per week

$162
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$63
$145
$71
$86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
400
health
-
-
-
42
income
-
-
-
27
pensions
-
-
-
74
unemployment
-
-
-
-
total
-
-
-
143
Employee

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

269
-
363
-
income
18
-
26
-
pensions
40
-
54
-
health
23
-
31
-
unemployment
1
-
2
-
total
82
-
113
-
Employer

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

269
-
363
-
unemployment
1
-
2
-
health
12
-
16
-
pensions
15
-
20
-
total
28
-
38
-
Corporate
104
400
-
-
income
9
36
-
-
total
9
36
-
-
Dividends
94
364
-
-
withholding
9
33
-
-
total
9
33
-
-
Income
400
400
400
400
Total tax
128
69
151
143
After tax
272
331
249
257
Living cost
186
186
186
186
Free-cash
86
145
63
71

Estimated living cost  is $186 per week

$119
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.
$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.
$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 Podgorica model

Close
Valencia , Spain
-$118
-$51
-$95
-$170
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
-
-
-
400
other
-
-
-
-
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
unemployment
-
-
-
3
total
-
-
-
173
Employee
433
-
275
-
income
83
-
48
-
other
-
-
-
-
pensions
20
-
18
-
unemployment
7
-
6
-
total
110
-
72
-
Employer
433
-
275
-
other
3
-
3
-
unemployment
24
-
21
-
accident
9
-
8
-
pensions
102
-
92
-
total
138
-
124
-
Corporate
-
400
-
-
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.

-
60
-
-
total
-
60
-
-
Dividends
-
340
-
-
withholding
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
248
129
196
173
After tax
152
271
204
227
Living cost
322
322
322
322
Free-cash
-170
-51
-118
-95

Estimated living cost  is $322 per week

$217
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$222
$228
$226
$224
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
-
-
-
400
health
-
-
-
11
income
-
-
-
125
pensions
-
-
-
16
total
-
-
-
152
Employee
33
-
382
-
income
6
-
125
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
137
-
Employer
33
-
382
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
360
400
-
-
income
79
88
-
-
total
79
88
-
-
Dividends
280
312
-
-
withholding
56
62
-
-
total
56
62
-
-
Income
400
400
400
400
Total tax
154
150
156
152
After tax
246
250
244
248
Living cost
22
22
22
22
Free-cash
224
228
222
226

Estimated living cost  is $22 per week

$13
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.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$21
$87
$4
$29
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.

-
-
-
400
health
-
-
-
41
income
-
-
-
43
pensions
-
-
-
104
unemployment
-
-
-
6
total
-
-
-
194
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.

305
-
339
-
income
42
-
49
-
pensions
43
-
47
-
health
16
-
17
-
unemployment
2
-
3
-
total
103
-
116
-
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.

305
-
339
-
unemployment
2
-
3
-
health
16
-
17
-
pensions
37
-
41
-
total
55
-
61
-
Corporate
41
400
-
-
income
6
60
-
-
total
6
60
-
-
Dividends
35
340
-
-
withholding
5
51
-
-
total
5
51
-
-
Income
400
400
400
400
Total tax
169
111
177
194
After tax
231
289
223
206
Living cost
202
202
202
202
Free-cash
29
87
21
4

Estimated living cost  is $202 per week

$136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Belgrade model

Close
Porto , Portugal
-$84
-$87
-$78
-$162
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.

-
-
-
400
social contributions

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

-
-
-
139
income
-
-
-
24
surtax
-
-
-
-
total
-
-
-
163
Employee
454
-
323
-
surtax
-
-
-
-
social contributions
50
-
36
-
income
89
-
56
-
total
139
-
92
-
Employer
454
-
323
-
social contributions
108
-
77
-
total
108
-
77
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
247
172
169
163
After tax
153
228
231
237
Living cost
315
315
315
315
Free-cash
-162
-87
-84
-78

Estimated living cost  is $315 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$207
-$140
-$184
-$346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
-
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
unemployment
-
-
-
3
total
-
-
-
173
Employee
565
-
275
-
income
118
-
48
-
other
1
-
-
-
pensions
27
-
18
-
unemployment
9
-
6
-
total
155
-
72
-
Employer
565
-
275
-
other
5
-
3
-
unemployment
31
-
21
-
accident
11
-
8
-
pensions
133
-
92
-
total
180
-
124
-
Corporate
-
400
-
-
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.

-
60
-
-
total
-
60
-
-
Dividends
-
340
-
-
withholding
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
335
129
196
173
After tax
65
271
204
227
Living cost
411
411
411
411
Free-cash
-346
-140
-207
-184

Estimated living cost  is $411 per week

$295
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.
$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 Madrid model

Close
Sofia , Bulgaria
$54
$143
$34
$73
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
-
-
-
400
health
-
-
-
46
income
-
-
-
60
pensions

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

-
-
-
59
unemployment
-
-
-
2
total
-
-
-
167
Employee
264
-
334
-
income
26
-
33
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
29
-
health
12
-
15
-
total
64
-
81
-
Employer
264
-
334
-
unemployment
2
-
2
-
health
18
-
23
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
37
-
total
52
-
66
-
Corporate
84
400
-
-
income
8
40
-
-
total
8
40
-
-
Dividends
76
360
-
-
withholding
4
18
-
-
total
4
18
-
-
Income
400
400
400
400
Total tax
128
58
147
167
After tax
272
342
253
233
Living cost
199
199
199
199
Free-cash
73
143
54
34

Estimated living cost  is $199 per week

$132
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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-$133
-$243
-$133
-$183
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.

-
-
-
400
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.

-
-
-
80
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.

-
-
-
1
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.

-
-
-
-
trade
-
-
-
-
total
-
-
-
81
Employee

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

582
-
400
-
surtax

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

3
-
-
-
income

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

48
-
1
-
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.

80
-
80
-
total
131
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
57
-
-
income
-
60
-
-
total
-
122
-
-
Dividends
-
277
-
-
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
-
-
withholding
-
65
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
131
191
81
81
After tax
269
209
319
319
Living cost
452
452
452
452
Free-cash
-183
-243
-133
-133

Estimated living cost  is $452 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$324
-$386
-$324
-$516
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
-
-
-
400
income
-
-
-
43
social contributions
-
-
-
14
total
-
-
-
57
Employee
915
-
400
-
income
173
-
43
-
social contributions
76
-
14
-
total
249
-
57
-
Employer
915
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
249
120
57
57
After tax
151
280
343
343
Living cost
666
666
666
666
Free-cash
-516
-386
-324
-324

Estimated living cost  is $666 per week

$507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$116
-$204
-$430
-$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
400
income
-
-
-
333
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
-
-
-
405
Employee
537
-
364
-
income
58
-
19
-
social contributions
54
-
36
-
total
112
-
55
-
Employer
537
-
364
-
social contributions
54
-
36
-
total
54
-
36
-
Corporate
-
400
-
-
income
-
140
-
-
total
-
140
-
-
Dividends
-
260
-
-
social contributions
35
39
-
-
total
35
39
-
-
Income
400
400
400
400
Total tax
201
179
91
405
After tax
199
221
309
-5
Living cost
425
425
425
425
Free-cash
-226
-204
-116
-430

Estimated living cost  is $425 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Sliema model

Close
Edinburgh , United Kingdom
-$157
-$132
-$126
-$264
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
-
-
-
400
income
-
-
-
77
pensions
-
-
-
17
total
-
-
-
94
Employee
593
-
365
-
income
108
-
69
-
health
8
-
3
-
pensions
45
-
18
-
total
161
-
90
-
Employer
593
-
365
-
health
11
-
7
-
pensions
60
-
28
-
total
71
-
35
-
Corporate
-
400
-
-
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.

-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
24
-
-
total
-
24
-
-
Income
400
400
400
400
Total tax
232
100
125
94
After tax
168
300
275
306
Living cost
432
432
432
432
Free-cash
-264
-132
-157
-126

Estimated living cost  is $432 per week

$296
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.
$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.
$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 Edinburgh model

Close
Warsaw , Poland
-$68
-$247
-$18
-$127
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
-
-
-
400
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
57
pensions
-
-
-
49
total
-
-
-
139
Employee
439
-
332
-
income
60
-
46
-
pensions
49
-
37
-
health
50
-
38
-
total
159
-
121
-
Employer
439
-
332
-
unemployment
11
-
8
-
accident
7
-
6
-
pensions
71
-
54
-
total
89
-
68
-
Corporate
-
400
-
-
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.

-
360
-
-
total
-
360
-
-
Dividends
-
40
-
-
withholding
-
8
-
-
total
-
8
-
-
Income
400
400
400
400
Total tax
248
368
189
139
After tax
152
32
211
261
Living cost
279
279
279
279
Free-cash
-127
-247
-68
-18

Estimated living cost  is $279 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
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
$90
$182
$90
$126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
400
income
-
-
-
41
health insurance
-
-
-
30
work injury
-
-
-
2
pensions
-
-
-
74
unemployment
-
-
-
5
total
-
-
-
152
Employee

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

252
-
400
-
income
25
-
41
-
work injury
1
-
2
-
health insurance
19
-
30
-
pensions
46
-
74
-
unemployment
3
-
5
-
total
94
-
152
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
148
400
-
-
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
148
400
-
-
withholding
22
60
-
-
total
22
60
-
-
Income
400
400
400
400
Total tax
116
60
152
152
After tax
284
340
248
248
Living cost
158
158
158
158
Free-cash
126
182
90
90

Estimated living cost  is $158 per week

$98
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.
$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

Source of data for Skopje model

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Rome , Italy
-$269
-$255
-$245
-$586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
103
national
-
-
-
68
regional
-
-
-
5
municipal
-
-
-
3
total
-
-
-
179
Employee
986
-
400
-
social contributions
332
-
135
-
municipal
6
-
2
-
national
167
-
61
-
regional
15
-
5
-
total
520
-
203
-
Employer
986
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
19
-
-
total
-
115
-
-
Dividends
-
285
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
520
189
203
179
After tax
-120
211
197
221
Living cost
466
466
466
466
Free-cash
-586
-255
-269
-245

Estimated living cost  is $466 per week

$327
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.
$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

Source of data for Rome model

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Estimated living cost

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