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
-$52
-$38
-$151
-$38
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
81
trade
-
-
-
-
income

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

-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
81
Employee

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

451
-
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.

81
-
81
-
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
-
-
-
surtax

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

1
-
-
-
total
95
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
60
-
-
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
-
-
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
95
194
81
81
After tax
305
206
319
319
Living cost
357
357
357
357
Free-cash
-52
-151
-38
-38

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$654
-$354
-$374
-$356
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
municipal
-
-
-
31
pensions
-
-
-
48
national
-
-
-
49
total
-
-
-
132
Employee
967
-
346
-
pensions
39
-
14
-
municipal
119
-
33
-
national
185
-
51
-
total
343
-
98
-
Employer
967
-
346
-
pensions
77
-
28
-
social contributions
10
-
4
-
total
87
-
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
430
150
130
132
After tax
-30
250
270
268
Living cost
624
624
624
624
Free-cash
-654
-374
-354
-356

Estimated living cost  is $624 per week

$424
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.
$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.
$132
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
-$27
-$15
$75
$58
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
345
-
322
-
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
-
surtax
-
-
-
-
total
99
-
92
-
Employer
345
-
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.

83
-
78
-
total
83
-
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
182
80
170
97
After tax
218
320
230
303
Living cost
245
245
245
245
Free-cash
-27
75
-15
58

Estimated living cost  is $245 per week

$157
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$771
-$771
-$704
-$263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
health
-
-
-
61
income
-
-
-
36
pensions
-
-
-
72
total
-
-
-
169
Employee
1 007
1 007
1 007
-
pensions
181
138
181
-
health
155
131
155
-
income

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

165
165
165
-
total
501
434
501
-
Employer
1 007
1 007
1 007
-
pensions
70
70
70
-
health
70
70
70
-
unemployment
36
36
36
-
total
176
176
176
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
677
610
677
169
After tax
-277
-210
-277
231
Living cost
494
494
494
494
Free-cash
-771
-704
-771
-263

Estimated living cost  is $494 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$512
-$274
-$269
-$287
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
accident
-
-
-
1
health
-
-
-
25
municipal
-
-
-
85
pensions
-
-
-
43
other
-
-
-
46
unemployment
-
-
-
-
national
-
-
-
-
total
-
-
-
200
Employee
694
-
304
-
municipal
207
-
91
-
national
-
-
-
-
total
207
-
91
-
Employer
694
-
304
-
pensions
75
-
33
-
other
81
-
35
-
health
43
-
19
-
unemployment
18
-
8
-
accident
1
-
1
-
total
218
-
96
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
400
400
400
400
Total tax
425
182
187
200
After tax
-25
218
213
200
Living cost
487
487
487
487
Free-cash
-512
-269
-274
-287

Estimated living cost  is $487 per week

$323
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.
$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 Stockholm model

Close
Hamburg , Germany
-$198
-$144
-$260
-$144
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.

-
-
-
81
trade
-
-
-
-
income

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

-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
81
Employee

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

598
-
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.

81
-
81
-
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
-
-
-
surtax

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

3
-
-
-
total
135
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
60
-
-
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
-
-
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
135
197
81
81
After tax
265
203
319
319
Living cost
463
463
463
463
Free-cash
-198
-260
-144
-144

Estimated living cost  is $463 per week

$310
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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$185
-$156
-$248
-$64
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
448
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
907
907
907
-
health
9
15
6
-
social contributions
44
75
30
-
income
95
84
100
-
total
148
174
136
-
Employer
907
907
907
-
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
202
266
173
81
After tax
198
134
227
319
Living cost
382
382
382
382
Free-cash
-185
-248
-156
-64

Estimated living cost  is $382 per week

$261
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$17
$16
$12
$60
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.

314
125
335
-
unemployment
5
2
5
-
pensions
31
12
33
-
health
22
9
23
-
income
38
15
41
-
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.

314
125
335
-
pensions
61
24
65
-
total
61
24
65
-
Corporate
25
251
-
-
income
2
23
-
-
total
2
23
-
-
Dividends
23
228
-
-
social contributions
3
43
-
-
withholding
4
43
-
-
total
7
86
-
-
Income
400
400
400
400
Total tax
166
171
167
123
After tax
234
229
233
277
Living cost
217
217
217
217
Free-cash
17
12
16
60

Estimated living cost  is $217 per week

$148
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.
$47
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
-$48
-$28
$35
-$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
335
-
299
-
unemployment
5
-
5
-
pensions
7
-
6
-
income
38
-
31
-
total
50
-
42
-
Employer
335
-
299
-
pensions
67
-
60
-
health
43
-
39
-
unemployment
3
-
2
-
total
113
-
101
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
163
80
143
159
After tax
237
320
257
241
Living cost
285
285
285
285
Free-cash
-48
35
-28
-44

Estimated living cost  is $285 per week

$195
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$98
-$52
-$231
-$2
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
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
56
pensions
-
-
-
50
other
-
-
-
4
total
-
-
-
139
Employee
414
-
332
-
pensions
47
-
37
-
health
47
-
38
-
income
57
-
46
-
total
151
-
121
-
Employer
414
-
332
-
pensions
67
-
54
-
unemployment
10
-
8
-
accident
7
-
6
-
total
84
-
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
235
368
189
139
After tax
165
32
211
261
Living cost
263
263
263
263
Free-cash
-98
-231
-52
-2

Estimated living cost  is $263 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Gdansk model

Close
Batumi , Georgia
$266
$224
$284
$300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
120
-
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%.

280
400
-
-
total
-
-
-
-
Dividends
280
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
96
96
96
96
Free-cash
266
284
224
300

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
-$135
-$78
-$20
-$98
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
-
-
-
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
other
-
-
-
19
total
-
-
-
184
Employee
428
-
319
-
unemployment
4
-
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.

30
-
22
-
health
6
-
4
-
income
74
-
55
-
total
114
-
84
-
Employer
428
-
319
-
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.

73
-
54
-
other
21
-
16
-
health
6
-
4
-
unemployment
4
-
3
-
accident
3
-
3
-
total
107
-
80
-
Corporate
-
400
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
400
400
400
400
Total tax
221
106
164
184
After tax
179
294
236
216
Living cost
314
314
314
314
Free-cash
-135
-20
-78
-98

Estimated living cost  is $314 per week

$222
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.
$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 Bratislava model

Close
London , United Kingdom
-$841
-$497
-$471
-$465
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
1 091
-
365
-
pensions
105
-
18
-
health
18
-
3
-
income
197
-
69
-
total
320
-
90
-
Employer
1 091
-
365
-
pensions
129
-
29
-
health
21
-
7
-
total
150
-
36
-
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
470
100
126
94
After tax
-70
300
274
306
Living cost
771
771
771
771
Free-cash
-841
-471
-497
-465

Estimated living cost  is $771 per week

$578
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$134
$98
$187
$78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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
205
-
334
-
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
-
income
20
-
33
-
total
49
-
81
-
Employer
205
-
334
-
pensions

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

23
-
37
-
health
14
-
23
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
40
-
66
-
Corporate
155
400
-
-
income
15
40
-
-
total
15
40
-
-
Dividends
139
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
155
155
155
155
Free-cash
134
187
98
78

Estimated living cost  is $155 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$884
-$931
-$864
-$423
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
1 093
1 007
1 007
-
pensions
138
138
181
-
health
136
131
155
-
income

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

165
165
165
-
total
439
434
501
-
Employer
1 093
1 007
1 007
-
pensions
76
70
70
-
health
76
70
70
-
unemployment
39
36
36
-
total
191
176
176
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
630
610
677
169
After tax
-230
-210
-277
231
Living cost
654
654
654
654
Free-cash
-884
-864
-931
-423

Estimated living cost  is $654 per week

$482
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.
$106
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
-$178
-$90
-$18
-$98
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
431
-
299
-
solidarity contribution
-
-
-
-
health
58
-
40
-
social contributions
28
-
19
-
income
52
-
36
-
total
138
-
95
-
Employer
431
-
299
-
health
39
-
27
-
social contributions
108
-
75
-
total
147
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
285
125
197
205
After tax
115
275
203
195
Living cost
293
293
293
293
Free-cash
-178
-18
-90
-98

Estimated living cost  is $293 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$649
-$299
-$285
-$275
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
municipal
-
-
-
2
regional
-
-
-
4
national
-
-
-
68
total
-
-
-
177
Employee
1 048
-
400
-
regional
10
-
3
-
municipal
6
-
2
-
national
182
-
61
-
social contributions
353
-
135
-
total
551
-
201
-
Employer
1 048
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
municipal
-
16
-
-
nationa
-
96
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
551
187
201
177
After tax
-151
213
199
223
Living cost
498
498
498
498
Free-cash
-649
-285
-299
-275

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$71
-$37
-$8
-$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
-
-
-
400
health
-
-
-
28
income
-
-
-
58
surtax
-
-
-
-
pensions
-
-
-
80
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
169
Employee
390
-
330
-
unemployment
27
-
23
-
pensions
26
-
22
-
health
10
-
8
-
income
65
-
55
-
other
-
-
-
-
surtax
1
-
-
-
total
129
-
108
-
Employer
390
-
330
-
pensions
52
-
44
-
other
-
-
-
-
health
18
-
15
-
unemployment
12
-
10
-
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
260
260
260
260
Free-cash
-71
-8
-37
-29

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$425
-$253
-$227
-$221
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
731
-
365
-
pensions
62
-
18
-
health
11
-
3
-
income
132
-
69
-
total
205
-
90
-
Employer
731
-
365
-
pensions
79
-
29
-
health
14
-
7
-
total
93
-
36
-
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
298
100
126
94
After tax
102
300
274
306
Living cost
527
527
527
527
Free-cash
-425
-227
-253
-221

Estimated living cost  is $527 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$802
-$631
-$756
-$596
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
-
-
-
3
pensions
-
-
-
37
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
regional
-
-
-
5
city
-
-
-
4
national
-
-
-
-
total
-
-
-
57
Employee
1 098
-
350
-
unemployment
-
-
-
-
pensions
92
-
38
-
regional
36
-
3
-
national
5
-
-
-
health
2
-
1
-
city
12
-
4
-
total
147
-
46
-
Employer
1 098
-
350
-
pensions
92
-
38
-
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
-
health
2
-
1
-
unemployment
-
-
-
-
total
116
-
46
-
Corporate
-
400
-
-
regional
-
85
-
-
national
-
34
-
-
total
-
119
-
-
Dividends
-
281
-
-
withholding
-
98
-
-
total
-
98
-
-
Income
400
400
400
400
Total tax
263
217
92
57
After tax
137
183
308
343
Living cost
939
939
939
939
Free-cash
-802
-756
-631
-596

Estimated living cost  is $939 per week

$610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
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.
$232
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
-$309
-$221
-$339
-$221
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.

-
-
-
81
trade
-
-
-
-
income

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

-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
81
Employee

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

709
-
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.

81
-
81
-
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
-
-
-
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
-
-
-
total
169
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
60
-
-
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
-
-
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
169
199
81
81
After tax
231
201
319
319
Living cost
540
540
540
540
Free-cash
-309
-339
-221
-221

Estimated living cost  is $540 per week

$395
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
-$261
-$147
-$202
-$156
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
-
-
-
11
health
-
-
-
3
income
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
123
other
-
-
-
12
total
-
-
-
153
Employee
505
-
305
-
pensions
57
-
34
-
social contributions
14
-
9
-
income
30
-
6
-
surtax
-
-
-
-
total
101
-
49
-
Employer
505
-
305
-
pensions
83
-
50
-
other
17
-
11
-
health
35
-
21
-
unemployment
20
-
12
-
social contributions
2
-
1
-
total
157
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
258
199
144
153
After tax
142
201
256
247
Living cost
403
403
403
403
Free-cash
-261
-202
-147
-156

Estimated living cost  is $403 per week

$254
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
-$192
-$108
-$163
-$117
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
-
-
-
11
health
-
-
-
3
income
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
123
other
-
-
-
12
total
-
-
-
153
Employee
451
-
305
-
pensions
51
-
34
-
social contributions
13
-
9
-
income
23
-
6
-
surtax
-
-
-
-
total
87
-
49
-
Employer
451
-
305
-
pensions
74
-
50
-
other
16
-
11
-
health
32
-
21
-
unemployment
18
-
12
-
social contributions
1
-
1
-
total
141
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
228
199
144
153
After tax
172
201
256
247
Living cost
364
364
364
364
Free-cash
-192
-163
-108
-117

Estimated living cost  is $364 per week

$211
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.
$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 Marseille model

Close
Vilnius , Lithuania
-$31
$0
-$6
$7
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
400
-
400
-
health
28
-
28
-
social contributions
55
-
55
-
income
67
-
67
-
total
150
-
150
-
Employer
400
-
400
-
total
-
-
-
-
Corporate
-
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
-
380
-
-
health
10
27
-
-
social contributions
21
52
-
-
withholding
-
57
-
-
total
31
136
-
-
Income
400
400
400
400
Total tax
181
156
150
143
After tax
219
244
250
257
Living cost
250
250
250
250
Free-cash
-31
-6
-
7

Estimated living cost  is $250 per week

$167
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$373
-$280
-$284
-$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
-
-
-
400
health
-
-
-
31
surtax
-
-
-
2
income
-
-
-
-
chamber of commerce
-
-
-
2
pensions
-
-
-
74
unemployment
-
-
-
72
total
-
-
-
181
Employee
589
470
470
-
unemployment
18
14
9
-
pensions
60
48
31
-
health
23
18
12
-
income
67
35
44
-
other
6
5
3
-
total
174
120
99
-
Employer
589
470
470
-
chamber of commerce
2
2
2
-
pensions
74
59
38
-
other
28
22
21
-
health
22
18
11
-
unemployment
18
14
9
-
accident
8
6
4
-
surtax
2
2
2
-
payroll
18
14
14
-
total
172
137
101
-
Corporate
45
45
254
-
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
357
268
264
181
After tax
43
132
136
219
Living cost
416
416
416
416
Free-cash
-373
-284
-280
-197

Estimated living cost  is $416 per week

$277
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$689
-$244
-$203
-$180
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
-
-
-
20
communal

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

-
-
-
23
national
-
-
-
107
total
-
-
-
150
Employee

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

844
-
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.

7
-
3
-
pensions

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

63
-
23
-
national
259
-
67
-
health

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

40
-
15
-
communal

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

44
-
16
-
total
413
-
124
-
Employer

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

844
-
310
-
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.

75
-
27
-
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.

52
-
19
-
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
-
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
-
surtax
96
-
35
-
total
246
-
90
-
Corporate
-
400
-
-
income
-
80
-
-
surtax
-
2
-
-
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
659
173
214
150
After tax
-259
227
186
250
Living cost
430
430
430
430
Free-cash
-689
-203
-244
-180

Estimated living cost  is $430 per week

$277
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.
$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 Brussels model

Close
Barcelona , Spain
-$376
-$224
-$155
-$199
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
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
173
Employee
587
-
274
-
unemployment
9
-
6
-
pensions
28
-
19
-
income
124
-
47
-
other
1
-
-
-
total
162
-
72
-
Employer
587
-
274
-
pensions
139
-
93
-
other
5
-
3
-
unemployment
32
-
22
-
accident
12
-
8
-
total
188
-
126
-
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
350
129
198
173
After tax
50
271
202
227
Living cost
426
426
426
426
Free-cash
-376
-155
-224
-199

Estimated living cost  is $426 per week

$314
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
-$599
-$397
-$389
-$397
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
accident
-
-
-
5
health
-
-
-
42
income
-
-
-
1
surtax
-
-
-
18
pensions
-
-
-
90
communal
-
-
-
-
total
-
-
-
156
Employee
893
-
333
-
pensions
71
-
45
-
health
40
-
25
-
income
86
-
1
-
surtax
55
-
18
-
total
252
-
89
-
Employer
893
-
333
-
pensions
71
-
45
-
health
27
-
17
-
accident
8
-
5
-
total
106
-
67
-
Corporate
-
400
-
-
income
-
60
-
-
communal
-
27
-
-
surtax
-
4
-
-
total
-
91
-
-
Dividends
-
309
-
-
income
-
11
-
-
withholding
-
46
-
-
total
-
57
-
-
Income
400
400
400
400
Total tax
358
148
156
156
After tax
42
252
244
244
Living cost
641
641
641
641
Free-cash
-599
-389
-397
-397

Estimated living cost  is $641 per week

$481
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
-$81
-$42
-$13
-$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
health
-
-
-
28
income
-
-
-
58
surtax
-
-
-
-
pensions
-
-
-
80
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
169
Employee
397
-
330
-
unemployment
28
-
23
-
pensions
26
-
22
-
health
10
-
8
-
income
67
-
55
-
other
-
-
-
-
surtax
1
-
-
-
total
132
-
108
-
Employer
397
-
330
-
pensions
53
-
44
-
other
-
-
-
-
health
18
-
15
-
unemployment
13
-
10
-
total
84
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
216
148
177
169
After tax
184
252
223
231
Living cost
265
265
265
265
Free-cash
-81
-13
-42
-34

Estimated living cost  is $265 per week

$160
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.
$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 of data for Athens model

Close
Naples , Italy
-$255
-$121
-$108
-$97
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
municipal
-
-
-
2
regional
-
-
-
6
national
-
-
-
68
total
-
-
-
179
Employee
654
-
400
-
regional
9
-
5
-
municipal
3
-
2
-
national
104
-
61
-
social contributions
221
-
135
-
total
337
-
203
-
Employer
654
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
municipal
-
20
-
-
nationa
-
96
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
337
190
203
179
After tax
63
210
197
221
Living cost
318
318
318
318
Free-cash
-255
-108
-121
-97

Estimated living cost  is $318 per week

$198
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
-$312
-$158
-$86
-$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
531
-
299
-
solidarity contribution
-
-
-
-
health
72
-
40
-
social contributions
34
-
19
-
income
64
-
36
-
total
170
-
95
-
Employer
531
-
299
-
health
48
-
27
-
social contributions
133
-
75
-
total
181
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
351
125
197
205
After tax
49
275
203
195
Living cost
361
361
361
361
Free-cash
-312
-86
-158
-166

Estimated living cost  is $361 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-$273
-$238
-$242
-$155
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
surtax
-
-
-
-
income
-
-
-
-
chamber of commerce
-
-
-
2
pensions
-
-
-
74
unemployment
-
-
-
72
total
-
-
-
179
Employee
516
470
470
-
unemployment
15
14
9
-
pensions
53
48
31
-
health
20
18
12
-
income
46
35
44
-
other
5
5
3
-
total
139
120
99
-
Employer
516
470
470
-
chamber of commerce
2
2
2
-
pensions
65
59
38
-
other
24
22
21
-
health
19
18
11
-
unemployment
15
14
9
-
accident
7
6
4
-
surtax
-
-
-
-
payroll
15
14
14
-
total
147
135
99
-
Corporate
45
45
256
-
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
297
266
262
179
After tax
103
134
138
221
Living cost
376
376
376
376
Free-cash
-273
-242
-238
-155

Estimated living cost  is $376 per week

$226
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
$202
$170
$230
$246
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
187
-
400
-
income
37
-
80
-
total
37
-
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%.

213
400
-
-
total
-
-
-
-
Dividends
213
400
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
400
400
400
400
Total tax
48
20
80
4
After tax
352
380
320
396
Living cost
150
150
150
150
Free-cash
202
230
170
246

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-$203
-$99
-$41
-$87
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

522
-
346
-
unemployment
1
-
-
-
pensions
81
-
54
-
health
34
-
22
-
income
90
-
53
-
total
206
-
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.

522
-
346
-
pensions
46
-
31
-
health
35
-
23
-
unemployment
-
-
-
-
total
81
-
54
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
287
125
183
171
After tax
113
275
217
229
Living cost
316
316
316
316
Free-cash
-203
-41
-99
-87

Estimated living cost  is $316 per week

$217
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.
$73
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
-$1377
-$279
-$271
-$238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
46
income
-
-
-
78
total
-
-
-
124
Employee
737
-
45
-
social contributions
60
-
9
-
income
163
-
8
-
total
223
-
17
-
Employer
737
-
45
-
social contributions
1 040
-
148
-
total
1 040
-
148
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
income
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
1 263
157
165
124
After tax
-863
243
235
276
Living cost
514
514
514
514
Free-cash
-1 377
-271
-279
-238

Estimated living cost  is $514 per week

$334
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.
$126
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
-$272
-$138
-$142
-$133
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
542
-
323
-
social contributions
60
-
36
-
income
113
-
55
-
surtax
-
-
-
-
total
173
-
91
-
Employer
542
-
323
-
social contributions
129
-
77
-
total
129
-
77
-
Corporate
-
400
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
302
172
168
163
After tax
98
228
232
237
Living cost
370
370
370
370
Free-cash
-272
-142
-138
-133

Estimated living cost  is $370 per week

$277
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
-$569
-$314
-$369
-$323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
123
other
-
-
-
12
total
-
-
-
153
Employee
739
-
305
-
pensions
84
-
34
-
social contributions
21
-
9
-
income
64
-
6
-
surtax
-
-
-
-
total
169
-
49
-
Employer
739
-
305
-
pensions
121
-
50
-
other
25
-
11
-
health
52
-
21
-
unemployment
30
-
12
-
social contributions
2
-
1
-
total
230
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
399
199
144
153
After tax
1
201
256
247
Living cost
570
570
570
570
Free-cash
-569
-369
-314
-323

Estimated living cost  is $570 per week

$385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Paris model

Close
Andorra , Andorra
-$39
-$32
$5
-$43
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
-
-
-
88
income
-
-
-
-
total
-
-
-
88
Employee
379
-
346
-
social contributions
25
-
23
-
income
-
-
-
-
total
25
-
23
-
Employer
379
-
346
-
social contributions
59
-
54
-
total
59
-
54
-
Corporate
-
400
-
-
income
-
40
-
-
total
-
40
-
-
Dividends
-
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
84
40
77
88
After tax
316
360
323
312
Living cost
354
354
354
354
Free-cash
-39
5
-32
-43

Estimated living cost  is $354 per week

$229
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$2167
-$2167
-$2167
-$290
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
municipal
-
-
-
51
pensions
-
-
-
10
labour market
-
-
-
31
national
-
-
-
31
total
-
-
-
123
Employee
2 395
2 395
2 395
-
pensions
3
3
3
-
municipal
510
510
510
-
national
293
293
293
-
labour market
191
191
191
-
total
997
997
997
-
Employer
2 395
2 395
2 395
-
municipal
511
511
511
-
pensions
7
7
7
-
national
293
293
293
-
labour market
192
192
192
-
total
1 003
1 003
1 003
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
2 000
2 000
2 000
123
After tax
-1 600
-1 600
-1 600
277
Living cost
567
567
567
567
Free-cash
-2 167
-2 167
-2 167
-290

Estimated living cost  is $567 per week

$388
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.
$120
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
-$92
-$49
-$228
$1
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
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
56
pensions
-
-
-
50
other
-
-
-
4
total
-
-
-
139
Employee
408
-
332
-
pensions
46
-
37
-
health
47
-
38
-
income
56
-
46
-
total
149
-
121
-
Employer
408
-
332
-
pensions
66
-
54
-
unemployment
10
-
8
-
accident
7
-
6
-
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
232
368
189
139
After tax
168
32
211
261
Living cost
260
260
260
260
Free-cash
-92
-228
-49
1

Estimated living cost  is $260 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-$339
-$200
-$176
-$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

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
municipal
-
-
-
72
national
-
-
-
-
total
-
-
-
73
Employee
620
-
336
-
unemployment
9
-
5
-
pensions
42
-
23
-
municipal
102
-
56
-
national
10
-
-
-
health
5
-
-
-
total
168
-
84
-
Employer
620
-
336
-
pensions
108
-
58
-
health
5
-
3
-
unemployment
4
-
2
-
accident
1
-
-
-
total
118
-
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
286
123
147
73
After tax
114
277
253
327
Living cost
453
453
453
453
Free-cash
-339
-176
-200
-126

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
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
-$55
-$46
-$139
$46
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
-
-
-
448
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
907
907
907
-
health
7
15
6
-
social contributions
34
75
30
-
income
99
84
100
-
total
140
174
136
-
Employer
907
907
907
-
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
182
266
173
81
After tax
218
134
227
319
Living cost
273
273
273
273
Free-cash
-55
-139
-46
46

Estimated living cost  is $273 per week

$164
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$84
$62
$144
$68
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
-
-
-
43
income
-
-
-
27
pensions
-
-
-
75
unemployment
-
-
-
-
total
-
-
-
145
Employee

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

271
-
363
-
unemployment
1
-
2
-
pensions
41
-
54
-
health
23
-
31
-
income
19
-
26
-
total
84
-
113
-
Employer

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

271
-
363
-
pensions
15
-
20
-
health
12
-
16
-
unemployment
1
-
2
-
total
28
-
38
-
Corporate
101
400
-
-
income
9
36
-
-
total
9
36
-
-
Dividends
92
364
-
-
withholding
8
33
-
-
total
8
33
-
-
Income
400
400
400
400
Total tax
129
69
151
145
After tax
271
331
249
255
Living cost
187
187
187
187
Free-cash
84
144
62
68

Estimated living cost  is $187 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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-$174
-$122
-$53
-$97
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
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
173
Employee
436
-
274
-
unemployment
7
-
6
-
pensions
20
-
19
-
income
84
-
47
-
other
-
-
-
-
total
111
-
72
-
Employer
436
-
274
-
pensions
103
-
93
-
other
3
-
3
-
unemployment
24
-
22
-
accident
9
-
8
-
total
139
-
126
-
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
250
129
198
173
After tax
150
271
202
227
Living cost
324
324
324
324
Free-cash
-174
-53
-122
-97

Estimated living cost  is $324 per week

$219
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$222
$221
$227
$223
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
-
-
-
12
income
-
-
-
125
pensions
-
-
-
17
total
-
-
-
154
Employee
35
-
381
-
unemployment
-
-
1
-
pensions
3
-
8
-
health
2
-
4
-
income
7
-
124
-
total
12
-
137
-
Employer
35
-
381
-
pensions
4
-
9
-
health
3
-
8
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
357
400
-
-
income
79
88
-
-
total
79
88
-
-
Dividends
279
312
-
-
withholding
56
62
-
-
total
56
62
-
-
Income
400
400
400
400
Total tax
155
150
156
154
After tax
245
250
244
246
Living cost
23
23
23
23
Free-cash
222
227
221
223

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$27
$19
$85
$2
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.

307
-
339
-
unemployment
2
-
3
-
pensions
43
-
47
-
health
16
-
17
-
income
42
-
49
-
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.

307
-
339
-
pensions
37
-
41
-
health
16
-
17
-
unemployment
2
-
3
-
total
55
-
61
-
Corporate
38
400
-
-
income
6
60
-
-
total
6
60
-
-
Dividends
32
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
204
204
204
204
Free-cash
27
85
19
2

Estimated living cost  is $204 per week

$137
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
-$166
-$86
-$90
-$81
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
458
-
323
-
social contributions
50
-
36
-
income
89
-
55
-
surtax
-
-
-
-
total
139
-
91
-
Employer
458
-
323
-
social contributions
109
-
77
-
total
109
-
77
-
Corporate
-
400
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
248
172
168
163
After tax
152
228
232
237
Living cost
318
318
318
318
Free-cash
-166
-90
-86
-81

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
-$351
-$212
-$143
-$187
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
accident
-
-
-
4
income
-
-
-
53
pensions
-
-
-
113
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
173
Employee
570
-
274
-
unemployment
9
-
6
-
pensions
27
-
19
-
income
119
-
47
-
other
1
-
-
-
total
156
-
72
-
Employer
570
-
274
-
pensions
134
-
93
-
other
5
-
3
-
unemployment
31
-
22
-
accident
11
-
8
-
total
181
-
126
-
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
337
129
198
173
After tax
63
271
202
227
Living cost
414
414
414
414
Free-cash
-351
-143
-212
-187

Estimated living cost  is $414 per week

$298
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$65
$50
$139
$30
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
269
-
334
-
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.

24
-
29
-
health
12
-
15
-
income
27
-
33
-
total
66
-
81
-
Employer
269
-
334
-
pensions

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

30
-
37
-
health
19
-
23
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
54
-
66
-
Corporate
79
400
-
-
income
8
40
-
-
total
8
40
-
-
Dividends
71
360
-
-
withholding
4
18
-
-
total
4
18
-
-
Income
400
400
400
400
Total tax
132
58
147
167
After tax
268
342
253
233
Living cost
203
203
203
203
Free-cash
65
139
50
30

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

Close
Berlin , Germany
-$187
-$136
-$246
-$136
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.

-
-
-
81
trade
-
-
-
-
income

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

-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
81
Employee

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

587
-
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.

81
-
81
-
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
-
-
-
surtax

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

3
-
-
-
total
132
-
81
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
60
-
-
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
-
-
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
132
191
81
81
After tax
268
209
319
319
Living cost
455
455
455
455
Free-cash
-187
-246
-136
-136

Estimated living cost  is $455 per week

$314
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$523
-$329
-$392
-$329
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
-
-
-
14
income
-
-
-
43
total
-
-
-
57
Employee
922
-
400
-
social contributions
77
-
14
-
income
174
-
43
-
total
251
-
57
-
Employer
922
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
251
120
57
57
After tax
149
280
343
343
Living cost
672
672
672
672
Free-cash
-523
-392
-329
-329

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$230
-$119
-$207
-$436
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
-
-
-
336
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
-
-
-
408
Employee
541
-
364
-
social contributions
54
-
36
-
income
59
-
19
-
total
113
-
55
-
Employer
541
-
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
202
179
91
408
After tax
198
221
309
-8
Living cost
428
428
428
428
Free-cash
-230
-207
-119
-436

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
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
-$258
-$154
-$128
-$122
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
588
-
365
-
pensions
45
-
18
-
health
8
-
3
-
income
107
-
69
-
total
160
-
90
-
Employer
588
-
365
-
pensions
59
-
29
-
health
11
-
7
-
total
70
-
36
-
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
230
100
126
94
After tax
170
300
274
306
Living cost
428
428
428
428
Free-cash
-258
-128
-154
-122

Estimated living cost  is $428 per week

$294
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.
$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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$140
-$74
-$253
-$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
-
-
-
400
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
56
pensions
-
-
-
50
other
-
-
-
4
total
-
-
-
139
Employee
449
-
332
-
pensions
51
-
37
-
health
51
-
38
-
income
62
-
46
-
total
164
-
121
-
Employer
449
-
332
-
pensions
73
-
54
-
unemployment
11
-
8
-
accident
7
-
6
-
total
91
-
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
255
368
189
139
After tax
145
32
211
261
Living cost
285
285
285
285
Free-cash
-140
-253
-74
-24

Estimated living cost  is $285 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$124
$89
$181
$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

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
pensions
-
-
-
74
unemployment
-
-
-
5
work injury
-
-
-
2
total
-
-
-
152
Employee

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

255
-
400
-
unemployment
3
-
5
-
pensions
47
-
74
-
work injury
1
-
2
-
income
25
-
41
-
health insurance
19
-
30
-
total
95
-
152
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
145
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
145
400
-
-
withholding
22
60
-
-
total
22
60
-
-
Income
400
400
400
400
Total tax
117
60
152
152
After tax
283
340
248
248
Living cost
159
159
159
159
Free-cash
124
181
89
89

Estimated living cost  is $159 per week

$99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$594
-$273
-$259
-$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
municipal
-
-
-
3
regional
-
-
-
5
national
-
-
-
68
total
-
-
-
179
Employee
994
-
400
-
regional
15
-
5
-
municipal
6
-
2
-
national
168
-
61
-
social contributions
335
-
135
-
total
524
-
203
-
Employer
994
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
municipal
-
19
-
-
nationa
-
96
-
-
total
-
115
-
-
Dividends
-
285
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
524
189
203
179
After tax
-124
211
197
221
Living cost
470
470
470
470
Free-cash
-594
-259
-273
-249

Estimated living cost  is $470 per week

$330
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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Estimated living cost

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