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
-$13
-$13
-$19
-$127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
400
trade
-
-
-
-
health

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

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

-
-
-
75
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.

-
-
-
7
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
-
-
-
82
Employee

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

418
-
400
-
surtax

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

1
-
-
-
income

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

12
-
7
-
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.

75
-
75
-
total
88
-
82
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
63
-
-
surtax

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

-
3
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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.

-
4
-
-
withholding
-
64
-
-
total
-
68
-
-
Income
400
400
400
400
Total tax
88
196
82
82
After tax
312
204
318
318
Living cost
331
331
331
331
Free-cash
-19
-127
-13
-13

Estimated living cost  is $331 per week

$208
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$286
-$285
-$529
-$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
-
-
-
400
social contributions
-
-
-
4
municipal
-
-
-
33
national
-
-
-
51
pensions
-
-
-
48
total
-
-
-
136
Employee
853
-
346
-
pensions
34
-
14
-
national
163
-
54
-
municipal
105
-
35
-
total
302
-
103
-
Employer
853
-
346
-
pensions
68
-
28
-
social contributions
9
-
4
-
total
77
-
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
379
150
135
136
After tax
21
250
265
264
Living cost
550
550
550
550
Free-cash
-529
-300
-285
-286

Estimated living cost  is $550 per week

$374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$117
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
$79
$3
$3
$93
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.

-
-
-
34
income
-
-
-
-
microenterprise
-
-
-
60
surtax
-
-
-
-
total
-
-
-
94
Employee
319
-
322
-
income
57
-
57
-
social contributions

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

35
-
35
-
surtax
-
-
-
-
total
92
-
92
-
Employer
319
-
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.

77
-
78
-
surtax
-
-
-
-
total
77
-
78
-
Corporate
4
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%.

1
80
-
-
total
1
80
-
-
Dividends

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

3
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
170
80
170
94
After tax
230
320
230
306
Living cost
227
227
227
227
Free-cash
3
93
3
79

Estimated living cost  is $227 per week

$145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$226
-$685
-$685
-$624
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
932
932
932
-
income

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

153
153
153
-
pensions
168
128
168
-
health
143
122
143
-
total
464
403
464
-
Employer
932
932
932
-
pensions
65
65
65
-
health
65
65
65
-
unemployment
34
34
34
-
total
164
164
164
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
628
567
628
169
After tax
-228
-167
-228
231
Living cost
457
457
457
457
Free-cash
-685
-624
-685
-226

Estimated living cost  is $457 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Rotterdam model

Close
Stockholm , Sweden
-$223
-$210
-$392
-$205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
46
unemployment
-
-
-
-
accident
-
-
-
1
municipal
-
-
-
85
health
-
-
-
25
national
-
-
-
-
pensions
-
-
-
43
total
-
-
-
200
Employee
602
-
304
-
national
-
-
-
-
municipal
180
-
91
-
total
180
-
91
-
Employer
602
-
304
-
pensions
65
-
33
-
other
70
-
35
-
accident
1
-
1
-
health
37
-
19
-
unemployment
16
-
8
-
total
189
-
96
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
400
400
400
400
Total tax
369
182
187
200
After tax
31
218
213
200
Living cost
423
423
423
423
Free-cash
-392
-205
-210
-223

Estimated living cost  is $423 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Stockholm model

Close
Hamburg , Germany
-$111
-$111
-$155
-$226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
400
trade
-
-
-
-
health

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

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

-
-
-
75
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.

-
-
-
7
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
-
-
-
82
Employee

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

554
-
400
-
surtax

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

3
-
-
-
income

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

48
-
7
-
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.

75
-
75
-
total
126
-
82
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
66
-
-
surtax

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

-
3
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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
126
197
82
82
After tax
274
203
318
318
Living cost
429
429
429
429
Free-cash
-155
-226
-111
-111

Estimated living cost  is $429 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
-$30
-$119
-$141
-$202
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
-
-
-
415
social contributions
-
-
-
65
health
-
-
-
11
income
-
-
-
-
total
-
-
-
76
Employee
839
839
839
-
income
88
78
92
-
social contributions
41
70
30
-
health
8
14
6
-
total
137
162
128
-
Employer
839
839
839
-
health
9
16
7
-
social contributions
41
70
30
-
total
50
86
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
187
248
165
76
After tax
213
152
235
324
Living cost
354
354
354
354
Free-cash
-141
-202
-119
-30

Estimated living cost  is $354 per week

$242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$77
$33
$34
$28
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
unemployment
-
-
-
6
health
-
-
-
28
income
-
-
-
49
pensions
-
-
-
40
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.

289
115
335
-
income
35
14
41
-
pensions
29
12
33
-
unemployment
4
2
5
-
health
20
8
23
-
total
88
36
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.

289
115
335
-
pensions
56
22
65
-
total
56
22
65
-
Corporate
54
262
-
-
income
5
24
-
-
total
5
24
-
-
Dividends
50
239
-
-
social contributions
8
45
-
-
withholding
9
45
-
-
total
17
90
-
-
Income
400
400
400
400
Total tax
166
172
167
123
After tax
234
228
233
277
Living cost
200
200
200
200
Free-cash
34
28
33
77

Estimated living cost  is $200 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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-$25
-$9
-$14
$56
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
-
-
-
29
pensions
-
-
-
80
total
-
-
-
161
Employee
310
-
299
-
income
35
-
33
-
pensions
6
-
6
-
unemployment
5
-
5
-
total
46
-
44
-
Employer
310
-
299
-
pensions
62
-
60
-
health
40
-
39
-
unemployment
2
-
2
-
total
104
-
101
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
150
80
145
161
After tax
250
320
255
239
Living cost
264
264
264
264
Free-cash
-14
56
-9
-25

Estimated living cost  is $264 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Tallinn model

Close
Gdansk , Poland
$27
-$28
-$52
-$207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
58
pensions
-
-
-
45
total
-
-
-
134
Employee
376
-
332
-
income
52
-
46
-
pensions
42
-
37
-
health
43
-
38
-
total
137
-
121
-
Employer
376
-
332
-
pensions
61
-
54
-
accident
6
-
6
-
unemployment
9
-
8
-
total
76
-
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
213
368
189
134
After tax
187
32
211
266
Living cost
239
239
239
239
Free-cash
-52
-207
-28
27

Estimated living cost  is $239 per week

$175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$298
$222
$264
$282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
122
-
400
-
income
24
-
80
-
total
24
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

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

Estimated living cost  is $98 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
-$75
-$55
-$97
$3
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
19
health
-
-
-
18
income
-
-
-
51
pensions

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

-
-
-
96
total
-
-
-
184
Employee
396
-
319
-
income
68
-
55
-
pensions

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

28
-
22
-
unemployment
4
-
3
-
health
6
-
4
-
total
106
-
84
-
Employer
396
-
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.

67
-
54
-
other
20
-
16
-
accident
3
-
3
-
health
6
-
4
-
unemployment
4
-
3
-
total
100
-
80
-
Corporate
-
400
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
400
400
400
400
Total tax
206
106
164
184
After tax
194
294
236
216
Living cost
291
291
291
291
Free-cash
-97
3
-55
-75

Estimated living cost  is $291 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$427
-$460
-$779
-$433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
income
-
-
-
76
pensions
-
-
-
18
total
-
-
-
94
Employee
1 037
-
364
-
income
187
-
68
-
pensions
100
-
19
-
health
17
-
3
-
total
304
-
90
-
Employer
1 037
-
364
-
pensions
122
-
30
-
health
20
-
7
-
total
142
-
37
-
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
446
100
127
94
After tax
-46
300
273
306
Living cost
733
733
733
733
Free-cash
-779
-433
-460
-427

Estimated living cost  is $733 per week

$549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$95
$110
$148
$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
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
60
pensions

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

-
-
-
56
total
-
-
-
162
Employee
189
-
334
-
income
19
-
33
-
pensions

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

17
-
29
-
health
9
-
15
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
47
-
81
-
Employer
189
-
334
-
pensions

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

21
-
37
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
23
-
unemployment
1
-
2
-
total
37
-
66
-
Corporate
173
400
-
-
income
17
40
-
-
total
17
40
-
-
Dividends
156
360
-
-
withholding
8
18
-
-
total
8
18
-
-
Income
400
400
400
400
Total tax
109
58
147
162
After tax
291
342
253
238
Living cost
143
143
143
143
Free-cash
148
199
110
95

Estimated living cost  is $143 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$374
-$833
-$788
-$772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
health
-
-
-
61
income
-
-
-
36
pensions
-
-
-
72
total
-
-
-
169
Employee
1 012
932
932
-
income

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

153
153
153
-
pensions
128
128
168
-
health
126
122
143
-
total
407
403
464
-
Employer
1 012
932
932
-
pensions
70
65
65
-
health
70
65
65
-
unemployment
36
34
34
-
total
176
164
164
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
583
567
628
169
After tax
-183
-167
-228
231
Living cost
605
605
605
605
Free-cash
-788
-772
-833
-374

Estimated living cost  is $605 per week

$447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
-$68
-$60
-$118
$12
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
387
-
299
-
income
46
-
36
-
solidarity contribution
-
-
-
-
social contributions
25
-
19
-
health
52
-
40
-
total
123
-
95
-
Employer
387
-
299
-
health
35
-
27
-
social contributions
97
-
75
-
total
132
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
255
125
197
205
After tax
145
275
203
195
Living cost
263
263
263
263
Free-cash
-118
12
-60
-68

Estimated living cost  is $263 per week

$183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$238
-$262
-$570
-$248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
103
municipal
-
-
-
2
national
-
-
-
68
regional
-
-
-
4
total
-
-
-
177
Employee
970
-
400
-
national
168
-
61
-
social contributions
327
-
135
-
municipal
5
-
2
-
regional
9
-
3
-
total
509
-
201
-
Employer
970
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
16
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
509
187
201
177
After tax
-109
213
199
223
Living cost
461
461
461
461
Free-cash
-570
-248
-262
-238

Estimated living cost  is $461 per week

$321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
-$10
-$19
-$36
$11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
28
income
-
-
-
58
surtax
-
-
-
1
pensions
-
-
-
80
total
-
-
-
169
Employee
361
-
330
-
income
61
-
55
-
pensions
24
-
22
-
unemployment
25
-
23
-
health
9
-
8
-
other
-
-
-
-
surtax
1
-
1
-
total
120
-
109
-
Employer
361
-
330
-
pensions
48
-
44
-
other
-
-
-
-
health
16
-
15
-
unemployment
11
-
10
-
total
75
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
195
148
178
169
After tax
205
252
222
231
Living cost
241
241
241
241
Free-cash
-36
11
-19
-10

Estimated living cost  is $241 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$195
-$228
-$383
-$201
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
-
-
-
76
pensions
-
-
-
18
total
-
-
-
94
Employee
695
-
364
-
income
125
-
68
-
pensions
59
-
19
-
health
10
-
3
-
total
194
-
90
-
Employer
695
-
364
-
pensions
75
-
30
-
health
13
-
7
-
total
88
-
37
-
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
282
100
127
94
After tax
118
300
273
306
Living cost
501
501
501
501
Free-cash
-383
-201
-228
-195

Estimated living cost  is $501 per week

$375
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$484
-$516
-$659
-$644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other

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

-
-
-
8
health
-
-
-
3
city
-
-
-
4
national
-
-
-
-
regional
-
-
-
5
pensions
-
-
-
37
total
-
-
-
57
Employee
968
-
353
-
pensions
81
-
36
-
national
5
-
-
-
unemployment
-
-
-
-
city
10
-
4
-
health
2
-
1
-
regional
32
-
4
-
total
130
-
45
-
Employer
968
-
353
-
pensions
81
-
36
-
other

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

19
-
7
-
health
2
-
1
-
unemployment
-
-
-
-
total
102
-
44
-
Corporate
-
400
-
-
regional
-
85
-
-
national
-
34
-
-
total
-
119
-
-
Dividends
-
281
-
-
withholding
-
98
-
-
total
-
98
-
-
Income
400
400
400
400
Total tax
232
217
89
57
After tax
168
183
311
343
Living cost
827
827
827
827
Free-cash
-659
-644
-516
-484

Estimated living cost  is $827 per week

$538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$205
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
-$182
-$182
-$256
-$299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
400
trade
-
-
-
-
health

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

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

-
-
-
75
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.

-
-
-
7
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
-
-
-
82
Employee

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

656
-
400
-
surtax

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

4
-
-
-
income

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

77
-
7
-
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.

75
-
75
-
total
156
-
82
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
69
-
-
surtax

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

-
3
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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
156
199
82
82
After tax
244
201
318
318
Living cost
500
500
500
500
Free-cash
-256
-299
-182
-182

Estimated living cost  is $500 per week

$365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-$127
-$119
-$213
-$172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
7
surtax
-
-
-
-
pensions
-
-
-
121
total
-
-
-
154
Employee
467
-
305
-
income
28
-
8
-
pensions
53
-
34
-
social contributions
13
-
9
-
surtax
-
-
-
-
total
94
-
51
-
Employer
467
-
305
-
pensions
77
-
50
-
other
16
-
11
-
health
33
-
21
-
unemployment
19
-
12
-
social contributions
1
-
1
-
total
146
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
240
199
146
154
After tax
160
201
254
246
Living cost
373
373
373
373
Free-cash
-213
-172
-119
-127

Estimated living cost  is $373 per week

$235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-$90
-$82
-$147
-$135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
7
surtax
-
-
-
-
pensions
-
-
-
121
total
-
-
-
154
Employee
417
-
305
-
income
22
-
8
-
pensions
47
-
34
-
social contributions
12
-
9
-
surtax
-
-
-
-
total
81
-
51
-
Employer
417
-
305
-
pensions
69
-
50
-
other
14
-
11
-
health
29
-
21
-
unemployment
17
-
12
-
social contributions
1
-
1
-
total
130
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
211
199
146
154
After tax
189
201
254
246
Living cost
336
336
336
336
Free-cash
-147
-135
-82
-90

Estimated living cost  is $336 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$26
$17
-$4
$13
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
370
-
400
-
income
62
-
69
-
social contributions
51
-
55
-
health
26
-
28
-
total
139
-
152
-
Employer
370
-
400
-
total
-
-
-
-
Corporate
30
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%.

1
20
-
-
total
1
20
-
-
Dividends
28
380
-
-
social contributions
19
52
-
-
health
10
27
-
-
withholding
4
57
-
-
total
33
136
-
-
Income
400
400
400
400
Total tax
173
156
152
143
After tax
227
244
248
257
Living cost
231
231
231
231
Free-cash
-4
13
17
26

Estimated living cost  is $231 per week

$155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$161
-$243
-$313
-$234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
chamber of commerce
-
-
-
2
unemployment
-
-
-
67
health
-
-
-
31
income
-
-
-
-
surtax
-
-
-
2
pensions
-
-
-
74
total
-
-
-
176
Employee
546
435
435
-
income
62
32
39
-
pensions
56
45
31
-
unemployment
16
13
9
-
health
21
17
12
-
other
5
4
3
-
total
160
111
94
-
Employer
546
435
435
-
pensions
68
55
38
-
other
26
21
20
-
accident
7
6
4
-
health
21
16
11
-
payroll
16
13
13
-
chamber of commerce
2
2
2
-
unemployment
16
13
9
-
surtax
2
2
2
-
total
158
128
99
-
Corporate
41
41
260
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
65
-
total
10
10
65
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
328
249
258
176
After tax
72
151
142
224
Living cost
385
385
385
385
Free-cash
-313
-234
-243
-161

Estimated living cost  is $385 per week

$257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$154
-$212
-$609
-$172
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
-
-
-
25
communal

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

-
-
-
22
national
-
-
-
109
total
-
-
-
156
Employee

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

781
-
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.

59
-
23
-
national
240
-
67
-
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
-
communal

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

41
-
16
-
health

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

37
-
15
-
total
384
-
124
-
Employer

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

781
-
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.

69
-
27
-
accident

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

10
-
4
-
health

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

48
-
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.

11
-
5
-
surtax
89
-
35
-
total
227
-
90
-
Corporate
-
400
-
-
surtax
-
2
-
-
income
-
80
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
92
-
-
total
-
92
-
-
Income
400
400
400
400
Total tax
611
174
214
156
After tax
-211
226
186
244
Living cost
398
398
398
398
Free-cash
-609
-172
-212
-154

Estimated living cost  is $398 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$168
-$183
-$317
-$123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
54
pensions
-
-
-
113
total
-
-
-
174
Employee
543
-
284
-
income
115
-
50
-
pensions
26
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
total
150
-
73
-
Employer
543
-
284
-
pensions
128
-
86
-
other
4
-
3
-
accident
11
-
7
-
unemployment
30
-
20
-
total
173
-
116
-
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
323
129
189
174
After tax
77
271
211
226
Living cost
394
394
394
394
Free-cash
-317
-123
-183
-168

Estimated living cost  is $394 per week

$290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$342
-$343
-$525
-$341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
accident
-
-
-
5
health
-
-
-
39
income
-
-
-
3
communal
-
-
-
-
surtax
-
-
-
19
pensions
-
-
-
83
total
-
-
-
149
Employee
827
-
338
-
income
80
-
3
-
pensions
66
-
42
-
health
37
-
23
-
surtax
51
-
19
-
total
234
-
87
-
Employer
827
-
338
-
pensions
66
-
42
-
accident
7
-
5
-
health
25
-
16
-
total
98
-
63
-
Corporate
-
400
-
-
communal
-
27
-
-
surtax
-
4
-
-
income
-
60
-
-
total
-
91
-
-
Dividends
-
309
-
-
withholding
-
46
-
-
income
-
11
-
-
total
-
57
-
-
Income
400
400
400
400
Total tax
332
148
150
149
After tax
68
252
250
251
Living cost
593
593
593
593
Free-cash
-525
-341
-343
-342

Estimated living cost  is $593 per week

$445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Luxembourg model

Close
Athens , Greece
-$14
-$23
-$46
$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
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
28
income
-
-
-
58
surtax
-
-
-
1
pensions
-
-
-
80
total
-
-
-
169
Employee
368
-
330
-
income
62
-
55
-
pensions
25
-
22
-
unemployment
26
-
23
-
health
9
-
8
-
other
-
-
-
-
surtax
1
-
1
-
total
123
-
109
-
Employer
368
-
330
-
pensions
49
-
44
-
other
-
-
-
-
health
17
-
15
-
unemployment
12
-
10
-
total
78
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
201
148
178
169
After tax
199
252
222
231
Living cost
245
245
245
245
Free-cash
-46
7
-23
-14

Estimated living cost  is $245 per week

$148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-$73
-$97
-$205
-$84
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
national
-
-
-
68
regional
-
-
-
6
total
-
-
-
179
Employee
606
-
400
-
national
96
-
61
-
social contributions
204
-
135
-
municipal
3
-
2
-
regional
8
-
5
-
total
311
-
203
-
Employer
606
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
20
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
311
190
203
179
After tax
89
210
197
221
Living cost
294
294
294
294
Free-cash
-205
-84
-97
-73

Estimated living cost  is $294 per week

$183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-$129
-$121
-$238
-$49
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
477
-
299
-
income
57
-
36
-
solidarity contribution
-
-
-
-
social contributions
31
-
19
-
health
64
-
40
-
total
152
-
95
-
Employer
477
-
299
-
health
43
-
27
-
social contributions
119
-
75
-
total
162
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
314
125
197
205
After tax
86
275
203
195
Living cost
324
324
324
324
Free-cash
-238
-49
-121
-129

Estimated living cost  is $324 per week

$241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Prague model

Close
Graz , Austria
-$122
-$204
-$224
-$195
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
chamber of commerce
-
-
-
2
unemployment
-
-
-
67
health
-
-
-
31
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
74
total
-
-
-
174
Employee
477
435
435
-
income
43
32
39
-
pensions
49
45
31
-
unemployment
14
13
9
-
health
18
17
12
-
other
5
4
3
-
total
129
111
94
-
Employer
477
435
435
-
pensions
60
55
38
-
other
23
21
20
-
accident
6
6
4
-
health
18
16
11
-
payroll
14
13
13
-
chamber of commerce
2
2
2
-
unemployment
14
13
9
-
surtax
-
-
-
-
total
137
126
97
-
Corporate
41
41
262
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
65
-
total
10
10
65
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
276
247
256
174
After tax
124
153
144
226
Living cost
348
348
348
348
Free-cash
-224
-195
-204
-122

Estimated living cost  is $348 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$243
$167
$199
$227
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
191
-
400
-
income
38
-
80
-
total
38
-
80
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

209
400
-
-
total
-
-
-
-
Dividends
209
400
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
400
400
400
400
Total tax
48
20
80
4
After tax
352
380
320
396
Living cost
153
153
153
153
Free-cash
199
227
167
243

Estimated living cost  is $153 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-$65
-$78
-$158
-$18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
1
health
-
-
-
39
income
-
-
-
59
pensions
-
-
-
73
total
-
-
-
172
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.

483
-
346
-
income
83
-
55
-
pensions
75
-
54
-
unemployment
1
-
-
-
health
31
-
22
-
total
190
-
131
-
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.

483
-
346
-
pensions
43
-
31
-
health
32
-
23
-
unemployment
-
-
-
-
total
75
-
54
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
265
125
185
172
After tax
135
275
215
228
Living cost
293
293
293
293
Free-cash
-158
-18
-78
-65

Estimated living cost  is $293 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$196
-$220
-$1232
-$229
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
677
-
28
-
income
149
-
4
-
social contributions
56
-
8
-
total
205
-
12
-
Employer
677
-
28
-
social contributions
955
-
136
-
total
955
-
136
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
income
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
1 160
157
148
124
After tax
-760
243
252
276
Living cost
472
472
472
472
Free-cash
-1 232
-229
-220
-196

Estimated living cost  is $472 per week

$307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-$106
-$112
-$220
-$114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
25
surtax
-
-
-
-
total
-
-
-
164
Employee
502
-
323
-
income
104
-
57
-
social contributions
55
-
36
-
surtax
-
-
-
-
total
159
-
93
-
Employer
502
-
323
-
social contributions
119
-
77
-
total
119
-
77
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
278
172
170
164
After tax
122
228
230
236
Living cost
342
342
342
342
Free-cash
-220
-114
-112
-106

Estimated living cost  is $342 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$281
-$273
-$497
-$326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
12
social contributions
-
-
-
11
health
-
-
-
3
income
-
-
-
7
surtax
-
-
-
-
pensions
-
-
-
121
total
-
-
-
154
Employee
684
-
305
-
income
60
-
8
-
pensions
77
-
34
-
social contributions
19
-
9
-
surtax
-
-
-
-
total
156
-
51
-
Employer
684
-
305
-
pensions
112
-
50
-
other
24
-
11
-
health
48
-
21
-
unemployment
28
-
12
-
social contributions
2
-
1
-
total
214
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
370
199
146
154
After tax
30
201
254
246
Living cost
527
527
527
527
Free-cash
-497
-326
-273
-281

Estimated living cost  is $527 per week

$357
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.
$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 Paris model

Close
Andorra , Andorra
-$16
-$5
-$5
$32
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
351
-
346
-
social contributions
23
-
23
-
income
-
-
-
-
total
23
-
23
-
Employer
351
-
346
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
-
400
-
-
income
-
40
-
-
total
-
40
-
-
Dividends
-
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
77
40
77
88
After tax
323
360
323
312
Living cost
328
328
328
328
Free-cash
-5
32
-5
-16

Estimated living cost  is $328 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$250
-$1975
-$1975
-$1975
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
-
-
-
53
national
-
-
-
32
labour market
-
-
-
31
pensions
-
-
-
9
total
-
-
-
125
Employee
2 218
2 218
2 218
-
labour market
177
177
177
-
pensions
3
3
3
-
national
271
271
271
-
municipal
472
472
472
-
total
923
923
923
-
Employer
2 218
2 218
2 218
-
pensions
6
6
6
-
municipal
473
473
473
-
national
271
271
271
-
labour market
177
177
177
-
total
927
927
927
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
1 850
1 850
1 850
125
After tax
-1 450
-1 450
-1 450
275
Living cost
525
525
525
525
Free-cash
-1 975
-1 975
-1 975
-250

Estimated living cost  is $525 per week

$360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$31
-$24
-$45
-$203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
58
pensions
-
-
-
45
total
-
-
-
134
Employee
370
-
332
-
income
51
-
46
-
pensions
42
-
37
-
health
42
-
38
-
total
135
-
121
-
Employer
370
-
332
-
pensions
60
-
54
-
accident
6
-
6
-
unemployment
9
-
8
-
total
75
-
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
210
368
189
134
After tax
190
32
211
266
Living cost
235
235
235
235
Free-cash
-45
-203
-24
31

Estimated living cost  is $235 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-$95
-$166
-$283
-$142
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
municipal
-
-
-
72
health
-
-
-
2
national
-
-
-
2
total
-
-
-
76
Employee
574
-
337
-
pensions
39
-
23
-
national
9
-
-
-
municipal
94
-
55
-
unemployment
9
-
5
-
health
4
-
1
-
total
155
-
84
-
Employer
574
-
337
-
pensions
100
-
58
-
accident
1
-
-
-
health
4
-
3
-
unemployment
4
-
2
-
total
109
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
municipal
-
43
-
-
national
-
-
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
264
123
147
76
After tax
136
277
253
324
Living cost
419
419
419
419
Free-cash
-283
-142
-166
-95

Estimated living cost  is $419 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$71
-$18
-$22
-$101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
415
social contributions
-
-
-
65
health
-
-
-
11
income
-
-
-
-
total
-
-
-
76
Employee
839
839
839
-
income
91
78
92
-
social contributions
32
70
30
-
health
7
14
6
-
total
130
162
128
-
Employer
839
839
839
-
health
7
16
7
-
social contributions
32
70
30
-
total
39
86
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
169
248
165
76
After tax
231
152
235
324
Living cost
253
253
253
253
Free-cash
-22
-101
-18
71

Estimated living cost  is $253 per week

$151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$90
$76
$103
$158
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
unemployment
-
-
-
-
health
-
-
-
40
income
-
-
-
28
pensions
-
-
-
69
total
-
-
-
137
Employee

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

251
-
363
-
income
17
-
26
-
pensions
38
-
54
-
unemployment
1
-
2
-
health
21
-
31
-
total
77
-
113
-
Employer

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

251
-
363
-
pensions
14
-
20
-
health
11
-
16
-
unemployment
1
-
2
-
total
26
-
38
-
Corporate
124
400
-
-
income
11
36
-
-
total
11
36
-
-
Dividends
113
364
-
-
withholding
10
33
-
-
total
10
33
-
-
Income
400
400
400
400
Total tax
124
69
151
137
After tax
276
331
249
263
Living cost
173
173
173
173
Free-cash
103
158
76
90

Estimated living cost  is $173 per week

$111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-$74
-$89
-$131
-$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
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
54
pensions
-
-
-
113
total
-
-
-
174
Employee
404
-
284
-
income
78
-
50
-
pensions
19
-
17
-
unemployment
6
-
6
-
other
-
-
-
-
total
103
-
73
-
Employer
404
-
284
-
pensions
95
-
86
-
other
3
-
3
-
accident
8
-
7
-
unemployment
22
-
20
-
total
128
-
116
-
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
231
129
189
174
After tax
169
271
211
226
Living cost
300
300
300
300
Free-cash
-131
-29
-89
-74

Estimated living cost  is $300 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$212
$211
$215
$220
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
-
-
-
16
income
-
-
-
120
pensions
-
-
-
22
total
-
-
-
158
Employee
45
-
376
-
income
9
-
119
-
pensions
4
-
10
-
unemployment
-
-
1
-
health
2
-
5
-
total
15
-
135
-
Employer
45
-
376
-
pensions
5
-
12
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
24
-
Corporate
344
400
-
-
income
76
88
-
-
total
76
88
-
-
Dividends
269
312
-
-
withholding
54
62
-
-
total
54
62
-
-
Income
400
400
400
400
Total tax
155
150
159
158
After tax
245
250
241
242
Living cost
30
30
30
30
Free-cash
215
220
211
212

Estimated living cost  is $30 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$16
$33
$46
$100
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
unemployment
-
-
-
6
health
-
-
-
41
income
-
-
-
44
pensions
-
-
-
104
total
-
-
-
195
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.

285
-
339
-
income
39
-
50
-
pensions
40
-
47
-
unemployment
2
-
3
-
health
15
-
17
-
total
96
-
117
-
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.

285
-
339
-
pensions
34
-
41
-
health
15
-
17
-
unemployment
2
-
3
-
total
51
-
61
-
Corporate
65
400
-
-
income
10
60
-
-
total
10
60
-
-
Dividends
55
340
-
-
withholding
8
51
-
-
total
8
51
-
-
Income
400
400
400
400
Total tax
165
111
178
195
After tax
235
289
222
205
Living cost
189
189
189
189
Free-cash
46
100
33
16

Estimated living cost  is $189 per week

$127
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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-$58
-$64
-$125
-$66
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
-
-
-
25
surtax
-
-
-
-
total
-
-
-
164
Employee
424
-
323
-
income
83
-
57
-
social contributions
47
-
36
-
surtax
-
-
-
-
total
130
-
93
-
Employer
424
-
323
-
social contributions
101
-
77
-
total
101
-
77
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
231
172
170
164
After tax
169
228
230
236
Living cost
294
294
294
294
Free-cash
-125
-66
-64
-58

Estimated living cost  is $294 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$158
-$173
-$295
-$113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
54
pensions
-
-
-
113
total
-
-
-
174
Employee
527
-
284
-
income
110
-
50
-
pensions
25
-
17
-
unemployment
8
-
6
-
other
1
-
-
-
total
144
-
73
-
Employer
527
-
284
-
pensions
124
-
86
-
other
4
-
3
-
accident
10
-
7
-
unemployment
29
-
20
-
total
167
-
116
-
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
311
129
189
174
After tax
89
271
211
226
Living cost
384
384
384
384
Free-cash
-295
-113
-173
-158

Estimated living cost  is $384 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Madrid model

Close
Sofia , Bulgaria
$50
$65
$88
$154
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
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
60
pensions

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

-
-
-
56
total
-
-
-
162
Employee
249
-
334
-
income
25
-
33
-
pensions

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

22
-
29
-
health
11
-
15
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
61
-
81
-
Employer
249
-
334
-
pensions

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

27
-
37
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
17
-
23
-
unemployment
1
-
2
-
total
48
-
66
-
Corporate
103
400
-
-
income
10
40
-
-
total
10
40
-
-
Dividends
92
360
-
-
withholding
5
18
-
-
total
5
18
-
-
Income
400
400
400
400
Total tax
124
58
147
162
After tax
276
342
253
238
Living cost
188
188
188
188
Free-cash
88
154
65
50

Estimated living cost  is $188 per week

$124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-$103
-$103
-$143
-$212
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
trade
-
-
-
-
health

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

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

-
-
-
75
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.

-
-
-
7
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
-
-
-
82
Employee

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

543
-
400
-
surtax

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

2
-
-
-
income

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

45
-
7
-
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.

75
-
75
-
total
122
-
82
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
57
-
-
surtax

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

-
3
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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
122
191
82
82
After tax
278
209
318
318
Living cost
421
421
421
421
Free-cash
-143
-212
-103
-103

Estimated living cost  is $421 per week

$291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$283
-$283
-$454
-$342
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
-
-
-
15
income
-
-
-
46
total
-
-
-
61
Employee
854
-
400
-
social contributions
71
-
15
-
income
161
-
46
-
total
232
-
61
-
Employer
854
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
232
120
61
61
After tax
168
280
339
339
Living cost
622
622
622
622
Free-cash
-454
-342
-283
-283

Estimated living cost  is $622 per week

$473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$379
-$91
-$183
-$175
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
health

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

-
-
-
72
income
-
-
-
311
total
-
-
-
383
Employee
501
-
364
-
social contributions
50
-
36
-
income
54
-
23
-
total
104
-
59
-
Employer
501
-
364
-
social contributions
50
-
36
-
total
50
-
36
-
Corporate
-
400
-
-
income
-
140
-
-
total
-
140
-
-
Dividends
-
260
-
-
social contributions
33
39
-
-
total
33
39
-
-
Income
400
400
400
400
Total tax
187
179
95
383
After tax
213
221
305
17
Living cost
396
396
396
396
Free-cash
-183
-175
-91
-379

Estimated living cost  is $396 per week

$261
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-$101
-$134
-$226
-$107
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
-
-
-
76
pensions
-
-
-
18
total
-
-
-
94
Employee
559
-
364
-
income
102
-
68
-
pensions
43
-
19
-
health
7
-
3
-
total
152
-
90
-
Employer
559
-
364
-
pensions
56
-
30
-
health
11
-
7
-
total
67
-
37
-
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
219
100
127
94
After tax
181
300
273
306
Living cost
407
407
407
407
Free-cash
-226
-107
-134
-101

Estimated living cost  is $407 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$7
-$48
-$91
-$227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
58
pensions
-
-
-
45
total
-
-
-
134
Employee
407
-
332
-
income
56
-
46
-
pensions
46
-
37
-
health
47
-
38
-
total
149
-
121
-
Employer
407
-
332
-
pensions
66
-
54
-
accident
7
-
6
-
unemployment
10
-
8
-
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
134
After tax
168
32
211
266
Living cost
259
259
259
259
Free-cash
-91
-227
-48
7

Estimated living cost  is $259 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$99
$99
$140
$193
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
work injury
-
-
-
2
unemployment
-
-
-
5
income
-
-
-
43
health insurance
-
-
-
30
pensions
-
-
-
74
total
-
-
-
154
Employee

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

236
-
400
-
income
24
-
43
-
work injury
1
-
2
-
pensions
43
-
74
-
unemployment
3
-
5
-
health insurance
17
-
30
-
total
88
-
154
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
164
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
164
400
-
-
withholding
25
60
-
-
total
25
60
-
-
Income
400
400
400
400
Total tax
113
60
154
154
After tax
287
340
246
246
Living cost
147
147
147
147
Free-cash
140
193
99
99

Estimated living cost  is $147 per week

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

Source of data for Skopje model

Close
Rome , Italy
-$214
-$238
-$519
-$224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
social contributions
-
-
-
103
municipal
-
-
-
3
national
-
-
-
68
regional
-
-
-
5
total
-
-
-
179
Employee
920
-
400
-
national
155
-
61
-
social contributions
310
-
135
-
municipal
5
-
2
-
regional
14
-
5
-
total
484
-
203
-
Employer
920
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
19
-
-
total
-
115
-
-
Dividends
-
285
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
484
189
203
179
After tax
-84
211
197
221
Living cost
435
435
435
435
Free-cash
-519
-224
-238
-214

Estimated living cost  is $435 per week

$305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close