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
$ 450
per

Your estimated
City
free-cash

Dresden , Germany
-$99
$20
$26
$26
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.

-
-
-
450
trade
-
-
-
-
income

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

-
-
-
21
health

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

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

-
-
-
74
surtax

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

-
-
-
1
total
-
-
-
96
Employee

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

414
-
450
-
health

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

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

74
-
74
-
surtax

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

1
-
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
-
21
-
total
87
-
96
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36
450
-
-
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
5
68
-
-
trade
6
71
-
-
chamber of commerce
2
2
-
-
total
13
145
-
-
Dividends
23
306
-
-
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
2
72
-
-
total
2
76
-
-
Income
450
450
450
450
Total tax
102
221
96
96
After tax
348
229
354
354
Living cost
328
328
328
328
Free-cash
20
-99
26
26

Estimated living cost  is $328 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$266
-$475
-$255
-$252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
municipal
-
-
-
39
pensions
-
-
-
54
national
-
-
-
60
social contributions
-
-
-
5
total
-
-
-
158
Employee
848
-
389
-
municipal
105
-
41
-
pensions
34
-
16
-
national
162
-
63
-
total
301
-
120
-
Employer
848
-
389
-
social contributions
9
-
4
-
pensions
68
-
31
-
total
77
-
35
-
Corporate
-
450
-
-
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%.

-
90
-
-
total
-
90
-
-
Dividends
-
360
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
378
169
155
158
After tax
72
281
295
292
Living cost
547
547
547
547
Free-cash
-475
-266
-252
-255

Estimated living cost  is $547 per week

$372
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.
$116
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
$135
$47
$123
$33
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
450
microenterprise
-
-
-
68
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
34
total
-
-
-
102
Employee
317
-
363
-
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
-
40
-
surtax
-
-
-
-
income
56
-
65
-
total
91
-
105
-
Employer
317
-
363
-
social contributions

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

76
-
87
-
surtax
-
-
-
-
total
76
-
87
-
Corporate
57
450
-
-
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%.

11
90
-
-
total
11
90
-
-
Dividends

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

46
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
178
90
192
102
After tax
272
360
258
348
Living cost
225
225
225
225
Free-cash
47
135
33
123

Estimated living cost  is $225 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$564
-$624
-$195
-$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
-
-
-
450
income
-
-
-
41
pensions
-
-
-
81
health
-
-
-
69
total
-
-
-
191
Employee
925
925
925
-
health
142
121
142
-
income

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

151
151
151
-
pensions
166
127
166
-
total
459
399
459
-
Employer
925
925
925
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
620
560
620
191
After tax
-170
-110
-170
259
Living cost
454
454
454
454
Free-cash
-624
-564
-624
-195

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$172
-$333
-$193
-$178
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
-
-
-
450
municipal
-
-
-
95
accident
-
-
-
1
pensions
-
-
-
49
other
-
-
-
52
unemployment
-
-
-
-
health
-
-
-
28
national
-
-
-
-
total
-
-
-
225
Employee
596
-
342
-
municipal
178
-
102
-
national
-
-
-
-
total
178
-
102
-
Employer
596
-
342
-
accident
1
-
1
-
other
69
-
40
-
unemployment
16
-
9
-
pensions
64
-
37
-
health
37
-
21
-
total
187
-
108
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
450
450
450
450
Total tax
365
204
210
225
After tax
85
246
240
225
Living cost
418
418
418
418
Free-cash
-333
-172
-178
-193

Estimated living cost  is $418 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$199
-$99
-$71
-$71
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.

-
-
-
450
trade
-
-
-
-
income

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

-
-
-
21
health

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

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

-
-
-
74
surtax

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

-
-
-
1
total
-
-
-
96
Employee

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

549
-
450
-
health

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

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

74
-
74
-
surtax

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

3
-
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.

47
-
21
-
total
124
-
96
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
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
-
68
-
-
trade
-
74
-
-
chamber of commerce
-
2
-
-
total
-
148
-
-
Dividends
-
302
-
-
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
-
72
-
-
total
-
76
-
-
Income
450
450
450
450
Total tax
124
224
96
96
After tax
326
226
354
354
Living cost
426
426
426
426
Free-cash
-99
-199
-71
-71

Estimated living cost  is $426 per week

$285
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
-$145
-$85
$18
-$74
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
-
-
-
450
income
-
-
-
-
health
-
-
-
11
social contributions
-
-
-
70
total
-
-
-
81
Employee
833
833
833
-
social contributions
40
69
34
-
health
8
14
7
-
income
87
77
90
-
total
135
160
131
-
Employer
833
833
833
-
social contributions
40
69
34
-
health
9
15
8
-
total
49
84
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
184
244
173
81
After tax
266
206
277
369
Living cost
351
351
351
351
Free-cash
-85
-145
-74
18

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$59
$64
$115
$64
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
55
pensions
-
-
-
45
unemployment
-
-
-
7
health
-
-
-
31
total
-
-
-
138
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.

284
113
377
-
health
20
8
26
-
income
35
14
46
-
pensions
28
11
38
-
unemployment
4
2
6
-
total
87
35
116
-
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.

284
113
377
-
pensions
55
22
73
-
total
55
22
73
-
Corporate
111
315
-
-
income
10
28
-
-
total
10
28
-
-
Dividends
101
287
-
-
social contributions
18
55
-
-
withholding
19
54
-
-
total
37
109
-
-
Income
450
450
450
450
Total tax
189
194
189
138
After tax
261
256
261
312
Living cost
197
197
197
197
Free-cash
64
59
64
115

Estimated living cost  is $197 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$98
$31
$4
$19
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
-
-
-
450
income
-
-
-
36
pensions
-
-
-
90
health
-
-
-
58
total
-
-
-
184
Employee
307
-
336
-
income
35
-
43
-
pensions
6
-
7
-
unemployment
5
-
5
-
total
46
-
55
-
Employer
307
-
336
-
unemployment
2
-
3
-
pensions
61
-
67
-
health
40
-
44
-
total
103
-
114
-
Corporate
39
450
-
-
income
8
90
-
-
total
8
90
-
-
Dividends
31
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
157
90
169
184
After tax
293
360
281
266
Living cost
262
262
262
262
Free-cash
31
98
19
4

Estimated living cost  is $262 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-$201
$0
$71
$1
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
accident
-
-
-
3
income
-
-
-
67
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
142
Employee
373
-
374
-
health
43
-
43
-
income
51
-
51
-
pensions
42
-
42
-
total
136
-
136
-
Employer
373
-
374
-
accident
6
-
6
-
unemployment
9
-
9
-
pensions
61
-
61
-
total
76
-
76
-
Corporate
1
450
-
-
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.

1
405
-
-
total
1
405
-
-
Dividends
-
45
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
450
450
450
450
Total tax
213
414
212
142
After tax
237
36
238
308
Living cost
237
237
237
237
Free-cash
-
-201
1
71

Estimated living cost  is $237 per week

$174
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.
$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

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
$331
$313
$349
$263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
450
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
-
450
-
income
24
-
90
-
total
24
-
90
-
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%.

328
450
-
-
total
-
-
-
-
Dividends
328
450
-
-
withholding
16
22
-
-
total
16
22
-
-
Income
450
450
450
450
Total tax
40
22
90
4
After tax
410
428
360
446
Living cost
97
97
97
97
Free-cash
313
331
263
349

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$42
-$45
-$45
-$26
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
-
-
-
450
income
-
-
-
57
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.

-
-
-
108
other
-
-
-
21
health
-
-
-
20
total
-
-
-
206
Employee
393
-
359
-
health
6
-
5
-
income
68
-
62
-
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
-
25
-
unemployment
4
-
4
-
total
106
-
96
-
Employer
393
-
359
-
accident
3
-
3
-
other
20
-
18
-
unemployment
4
-
4
-
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
-
61
-
health
6
-
5
-
total
100
-
91
-
Corporate
-
450
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
25
-
-
total
-
25
-
-
Income
450
450
450
450
Total tax
206
119
187
206
After tax
244
331
263
244
Living cost
289
289
289
289
Free-cash
-45
42
-26
-45

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
-$390
-$719
-$385
-$426
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
-
-
-
450
income
-
-
-
86
pensions
-
-
-
22
total
-
-
-
108
Employee
1 028
-
407
-
health
17
-
4
-
income
185
-
76
-
pensions
99
-
25
-
total
301
-
105
-
Employer
1 028
-
407
-
pensions
121
-
36
-
health
20
-
8
-
total
141
-
44
-
Corporate
-
450
-
-
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.

-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
442
113
149
108
After tax
8
337
301
342
Living cost
727
727
727
727
Free-cash
-719
-390
-426
-385

Estimated living cost  is $727 per week

$545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$243
$192
$138
$143
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
-
-
-
450
income
-
-
-
68
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
170
Employee
188
-
376
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
38
-
pensions

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

17
-
33
-
total
47
-
92
-
Employer
188
-
376
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
41
-
health
13
-
26
-
total
37
-
73
-
Corporate
225
450
-
-
income
22
45
-
-
total
22
45
-
-
Dividends
202
405
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
450
450
450
450
Total tax
116
65
165
170
After tax
334
385
285
280
Living cost
142
142
142
142
Free-cash
192
243
143
138

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$711
-$730
-$342
-$771
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
-
-
-
450
income
-
-
-
41
pensions
-
-
-
81
health
-
-
-
69
total
-
-
-
191
Employee
1 004
925
925
-
health
125
121
142
-
income

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

151
151
151
-
pensions
127
127
166
-
total
403
399
459
-
Employer
1 004
925
925
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
70
64
64
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
579
560
620
191
After tax
-129
-110
-170
259
Living cost
601
601
601
601
Free-cash
-730
-711
-771
-342

Estimated living cost  is $601 per week

$443
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$50
-$61
-$40
-$30
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
39
health
-
-
-
61
solidarity contribution
-
-
-
-
social contributions
-
-
-
131
total
-
-
-
231
Employee
382
-
336
-
social contributions
25
-
22
-
health
52
-
45
-
solidarity contribution
-
-
-
-
income
46
-
40
-
total
123
-
107
-
Employer
382
-
336
-
social contributions
95
-
84
-
health
34
-
30
-
total
129
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
252
141
221
231
After tax
198
309
229
219
Living cost
259
259
259
259
Free-cash
-61
50
-30
-40

Estimated living cost  is $259 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$217
-$513
-$208
-$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
-
-
-
450
municipal
-
-
-
3
regional
-
-
-
4
national
-
-
-
78
social contributions
-
-
-
116
total
-
-
-
201
Employee
963
-
450
-
social contributions
325
-
152
-
regional
9
-
4
-
municipal
5
-
2
-
national
167
-
69
-
total
506
-
227
-
Employer
963
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
18
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
84
-
-
total
-
84
-
-
Income
450
450
450
450
Total tax
506
210
227
201
After tax
-56
240
223
249
Living cost
457
457
457
457
Free-cash
-513
-217
-234
-208

Estimated living cost  is $457 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$44
$11
$20
$9
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
-
-
-
450
income
-
-
-
65
pensions
-
-
-
90
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
32
surtax
-
-
-
2
total
-
-
-
191
Employee
358
-
372
-
other
-
-
-
-
health
9
-
9
-
surtax
1
-
1
-
income
60
-
62
-
pensions
24
-
25
-
unemployment
25
-
26
-
total
119
-
123
-
Employer
358
-
372
-
other
-
-
-
-
unemployment
11
-
12
-
pensions
48
-
50
-
health
16
-
17
-
total
75
-
79
-
Corporate
16
450
-
-
income
4
117
-
-
total
4
117
-
-
Dividends
12
333
-
-
withholding
2
50
-
-
total
2
50
-
-
Income
450
450
450
450
Total tax
200
167
202
191
After tax
250
283
248
259
Living cost
239
239
239
239
Free-cash
11
44
9
20

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$160
-$328
-$155
-$196
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
-
-
-
450
income
-
-
-
86
pensions
-
-
-
22
total
-
-
-
108
Employee
689
-
407
-
health
10
-
4
-
income
124
-
76
-
pensions
59
-
25
-
total
193
-
105
-
Employer
689
-
407
-
pensions
75
-
36
-
health
13
-
8
-
total
88
-
44
-
Corporate
-
450
-
-
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.

-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
281
113
149
108
After tax
169
337
301
342
Living cost
497
497
497
497
Free-cash
-328
-160
-196
-155

Estimated living cost  is $497 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$613
-$598
-$435
-$465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
city
-
-
-
5
pensions
-
-
-
41
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.

-
-
-
9
regional
-
-
-
7
health
-
-
-
3
national
-
-
-
1
total
-
-
-
66
Employee
958
-
399
-
city
10
-
4
-
regional
31
-
6
-
health
2
-
1
-
pensions
80
-
38
-
unemployment
-
-
-
-
national
5
-
-
-
total
128
-
49
-
Employer
958
-
399
-
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
-
8
-
unemployment
-
-
-
-
pensions
80
-
38
-
health
2
-
1
-
total
101
-
47
-
Corporate
-
450
-
-
regional
-
95
-
-
national
-
38
-
-
total
-
133
-
-
Dividends
-
317
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
450
450
450
450
Total tax
229
244
96
66
After tax
221
206
354
384
Living cost
819
819
819
819
Free-cash
-598
-613
-465
-435

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-$272
-$201
-$142
-$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

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

-
-
-
450
trade
-
-
-
-
income

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

-
-
-
21
health

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

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

-
-
-
74
surtax

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

-
-
-
1
total
-
-
-
96
Employee

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

651
-
450
-
health

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

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

74
-
74
-
surtax

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

4
-
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.

77
-
21
-
total
155
-
96
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
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
-
68
-
-
trade
-
77
-
-
chamber of commerce
-
2
-
-
total
-
151
-
-
Dividends
-
299
-
-
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
-
71
-
-
total
-
75
-
-
Income
450
450
450
450
Total tax
155
226
96
96
After tax
295
224
354
354
Living cost
496
496
496
496
Free-cash
-201
-272
-142
-142

Estimated living cost  is $496 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-$144
-$157
-$98
-$90
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
-
-
-
450
income
-
-
-
12
pensions
-
-
-
134
other
-
-
-
14
health
-
-
-
4
surtax
-
-
-
-
social contributions
-
-
-
13
total
-
-
-
177
Employee
464
-
343
-
social contributions
13
-
10
-
surtax
-
-
-
-
income
27
-
13
-
pensions
52
-
39
-
total
92
-
62
-
Employer
464
-
343
-
other
16
-
12
-
social contributions
1
-
1
-
unemployment
19
-
14
-
pensions
76
-
56
-
health
32
-
24
-
total
144
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
236
223
169
177
After tax
214
227
281
273
Living cost
371
371
371
371
Free-cash
-157
-144
-90
-98

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-$107
-$93
-$61
-$53
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
-
-
-
450
income
-
-
-
12
pensions
-
-
-
134
other
-
-
-
14
health
-
-
-
4
surtax
-
-
-
-
social contributions
-
-
-
13
total
-
-
-
177
Employee
414
-
343
-
social contributions
12
-
10
-
surtax
-
-
-
-
income
21
-
13
-
pensions
47
-
39
-
total
80
-
62
-
Employer
414
-
343
-
other
14
-
12
-
social contributions
1
-
1
-
unemployment
17
-
14
-
pensions
68
-
56
-
health
29
-
24
-
total
129
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
209
223
169
177
After tax
241
227
281
273
Living cost
334
334
334
334
Free-cash
-93
-107
-53
-61

Estimated living cost  is $334 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$44
$37
$59
$47
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
-
-
-
450
income
-
-
-
68
health
-
-
-
31
social contributions
-
-
-
62
total
-
-
-
161
Employee
367
-
450
-
social contributions
51
-
62
-
health
26
-
31
-
income
61
-
80
-
total
138
-
173
-
Employer
367
-
450
-
total
-
-
-
-
Corporate
83
450
-
-
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%.

4
23
-
-
total
4
23
-
-
Dividends
79
427
-
-
health
10
30
-
-
social contributions
19
59
-
-
withholding
12
64
-
-
total
41
153
-
-
Income
450
450
450
450
Total tax
183
176
173
161
After tax
267
274
277
289
Living cost
230
230
230
230
Free-cash
37
44
47
59

Estimated living cost  is $230 per week

$154
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
-$178
-$258
-$129
-$211
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
-
-
-
450
chamber of commerce
-
-
-
2
income
-
-
-
10
pensions
-
-
-
83
unemployment
-
-
-
66
health
-
-
-
34
surtax
-
-
-
2
total
-
-
-
197
Employee
541
432
432
-
other
5
4
3
-
health
21
17
13
-
income
62
32
36
-
pensions
55
44
35
-
unemployment
16
13
10
-
total
159
110
97
-
Employer
541
432
432
-
accident
7
6
4
-
other
26
20
20
-
chamber of commerce
2
2
2
-
unemployment
16
13
10
-
surtax
2
2
2
-
pensions
68
54
43
-
payroll
16
13
13
-
health
20
16
13
-
total
157
126
107
-
Corporate
41
41
302
-
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
75
-
total
10
10
75
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
326
246
279
197
After tax
124
204
171
253
Living cost
382
382
382
382
Free-cash
-258
-178
-211
-129

Estimated living cost  is $382 per week

$255
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$141
-$550
-$131
-$190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
national
-
-
-
125
communal

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

-
-
-
25
social contributions
-
-
-
36
total
-
-
-
186
Employee

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

775
-
349
-
communal

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

40
-
18
-
health

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

36
-
16
-
pensions

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

58
-
26
-
unemployment

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

7
-
3
-
national
238
-
80
-
total
379
-
143
-
Employer

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

775
-
349
-
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
-
5
-
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
88
-
40
-
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
-
31
-
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
-
21
-
total
226
-
102
-
Corporate
-
450
-
-
surtax
-
2
-
-
income
-
90
-
-
total
-
92
-
-
Dividends
-
358
-
-
withholding

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

-
104
-
-
total
-
104
-
-
Income
450
450
450
450
Total tax
605
196
245
186
After tax
-155
254
205
264
Living cost
395
395
395
395
Free-cash
-550
-141
-190
-131

Estimated living cost  is $395 per week

$254
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$87
-$261
-$138
-$141
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
-
-
-
450
accident
-
-
-
4
income
-
-
-
63
pensions
-
-
-
127
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
197
Employee
539
-
335
-
other
1
-
-
-
income
114
-
62
-
pensions
25
-
17
-
unemployment
8
-
6
-
total
148
-
85
-
Employer
539
-
335
-
accident
11
-
7
-
other
4
-
3
-
unemployment
30
-
20
-
pensions
127
-
85
-
total
172
-
115
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
320
146
200
197
After tax
130
304
250
253
Living cost
391
391
391
391
Free-cash
-261
-87
-141
-138

Estimated living cost  is $391 per week

$288
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
-$306
-$469
-$296
-$296
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
-
-
-
450
accident
-
-
-
5
income
-
-
-
8
pensions
-
-
-
82
health
-
-
-
39
surtax
-
-
-
23
communal
-
-
-
-
total
-
-
-
157
Employee
820
-
388
-
health
37
-
23
-
surtax
50
-
23
-
income
79
-
8
-
pensions
66
-
41
-
total
232
-
95
-
Employer
820
-
388
-
accident
7
-
5
-
pensions
66
-
41
-
health
25
-
16
-
total
98
-
62
-
Corporate
-
450
-
-
surtax
-
5
-
-
communal
-
30
-
-
income
-
68
-
-
total
-
103
-
-
Dividends
-
347
-
-
income
-
12
-
-
withholding
-
52
-
-
total
-
64
-
-
Income
450
450
450
450
Total tax
330
167
157
157
After tax
120
283
293
293
Living cost
589
589
589
589
Free-cash
-469
-306
-296
-296

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$40
$6
$16
$5
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
-
-
-
450
income
-
-
-
65
pensions
-
-
-
90
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
32
surtax
-
-
-
2
total
-
-
-
191
Employee
365
-
372
-
other
-
-
-
-
health
9
-
9
-
surtax
1
-
1
-
income
61
-
62
-
pensions
24
-
25
-
unemployment
25
-
26
-
total
120
-
123
-
Employer
365
-
372
-
other
-
-
-
-
unemployment
12
-
12
-
pensions
49
-
50
-
health
17
-
17
-
total
78
-
79
-
Corporate
8
450
-
-
income
2
117
-
-
total
2
117
-
-
Dividends
6
333
-
-
withholding
1
50
-
-
total
1
50
-
-
Income
450
450
450
450
Total tax
201
167
202
191
After tax
249
283
248
259
Living cost
243
243
243
243
Free-cash
6
40
5
16

Estimated living cost  is $243 per week

$147
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
-$55
-$151
-$46
-$71
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
-
-
-
450
municipal
-
-
-
3
regional
-
-
-
7
national
-
-
-
78
social contributions
-
-
-
116
total
-
-
-
204
Employee
601
-
450
-
social contributions
203
-
152
-
regional
8
-
6
-
municipal
3
-
2
-
national
95
-
69
-
total
309
-
229
-
Employer
601
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
309
213
229
204
After tax
141
237
221
246
Living cost
292
292
292
292
Free-cash
-151
-55
-71
-46

Estimated living cost  is $292 per week

$181
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
-$11
-$180
-$101
-$91
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
-
-
-
450
income
-
-
-
39
health
-
-
-
61
solidarity contribution
-
-
-
-
social contributions
-
-
-
131
total
-
-
-
231
Employee
470
-
336
-
social contributions
31
-
22
-
health
63
-
45
-
solidarity contribution
-
-
-
-
income
56
-
40
-
total
150
-
107
-
Employer
470
-
336
-
social contributions
118
-
84
-
health
42
-
30
-
total
160
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
310
141
221
231
After tax
140
309
229
219
Living cost
320
320
320
320
Free-cash
-180
-11
-91
-101

Estimated living cost  is $320 per week

$238
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-$140
-$168
-$91
-$174
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
-
-
-
450
chamber of commerce
-
-
-
2
income
-
-
-
10
pensions
-
-
-
83
unemployment
-
-
-
66
health
-
-
-
34
surtax
-
-
-
-
total
-
-
-
195
Employee
473
432
432
-
other
5
4
3
-
health
18
17
13
-
income
42
32
36
-
pensions
48
44
35
-
unemployment
14
13
10
-
total
127
110
97
-
Employer
473
432
432
-
accident
6
6
4
-
other
22
20
20
-
chamber of commerce
2
2
2
-
unemployment
14
13
10
-
surtax
-
-
-
-
pensions
59
54
43
-
payroll
14
13
13
-
health
18
16
13
-
total
135
124
105
-
Corporate
41
41
303
-
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
76
-
total
10
10
76
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
272
244
278
195
After tax
178
206
172
255
Living cost
346
346
346
346
Free-cash
-168
-140
-174
-91

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$276
$247
$294
$208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
450
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
190
-
450
-
income
38
-
90
-
total
38
-
90
-
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%.

260
450
-
-
total
-
-
-
-
Dividends
260
450
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
450
450
450
450
Total tax
51
22
90
4
After tax
399
428
360
446
Living cost
152
152
152
152
Free-cash
247
276
208
294

Estimated living cost  is $152 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$18
-$104
-$37
-$51
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.

-
-
-
450
income
-
-
-
69
pensions
-
-
-
82
unemployment
-
-
-
1
health
-
-
-
44
total
-
-
-
196
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.

479
-
389
-
health
31
-
25
-
income
83
-
64
-
pensions
74
-
60
-
unemployment
1
-
1
-
total
189
-
150
-
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.

479
-
389
-
unemployment
-
-
-
-
pensions
42
-
34
-
health
32
-
26
-
total
74
-
60
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
263
141
210
196
After tax
187
309
240
254
Living cost
291
291
291
291
Free-cash
-104
18
-51
-37

Estimated living cost  is $291 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-$194
-$1167
-$157
-$161
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
-
-
-
450
income
-
-
-
88
social contributions
-
-
-
51
total
-
-
-
139
Employee
671
-
6
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
6
-
social contributions
946
-
135
-
total
946
-
135
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
income
-
77
-
-
total
-
77
-
-
Income
450
450
450
450
Total tax
1 149
176
143
139
After tax
-699
274
307
311
Living cost
468
468
468
468
Free-cash
-1 167
-194
-161
-157

Estimated living cost  is $468 per week

$303
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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-$84
-$167
-$75
-$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

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.

-
-
-
450
income
-
-
-
29
surtax
-
-
-
-
social contributions

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

-
-
-
156
total
-
-
-
185
Employee
498
-
364
-
social contributions
55
-
40
-
surtax
-
-
-
-
income
104
-
68
-
total
159
-
108
-
Employer
498
-
364
-
social contributions
118
-
86
-
total
118
-
86
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
100
-
-
total
-
100
-
-
Income
450
450
450
450
Total tax
277
194
194
185
After tax
173
256
256
265
Living cost
340
340
340
340
Free-cash
-167
-84
-84
-75

Estimated living cost  is $340 per week

$254
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
-$296
-$438
-$250
-$242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
12
pensions
-
-
-
134
other
-
-
-
14
health
-
-
-
4
surtax
-
-
-
-
social contributions
-
-
-
13
total
-
-
-
177
Employee
678
-
343
-
social contributions
19
-
10
-
surtax
-
-
-
-
income
59
-
13
-
pensions
77
-
39
-
total
155
-
62
-
Employer
678
-
343
-
other
23
-
12
-
social contributions
2
-
1
-
unemployment
27
-
14
-
pensions
111
-
56
-
health
47
-
24
-
total
210
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
365
223
169
177
After tax
85
227
281
273
Living cost
523
523
523
523
Free-cash
-438
-296
-242
-250

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$79
$42
$25
$39
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
-
-
-
450
income
-
-
-
-
social contributions
-
-
-
99
total
-
-
-
99
Employee
348
-
390
-
income
-
-
-
-
social contributions
23
-
25
-
total
23
-
25
-
Employer
348
-
390
-
social contributions
54
-
60
-
total
54
-
60
-
Corporate
48
450
-
-
income
5
45
-
-
total
5
45
-
-
Dividends
43
405
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
82
45
85
99
After tax
368
405
365
351
Living cost
326
326
326
326
Free-cash
42
79
39
25

Estimated living cost  is $326 per week

$211
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1911
-$1911
-$218
-$1911
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
-
-
-
450
municipal
-
-
-
64
pensions
-
-
-
9
national
-
-
-
38
labour market
-
-
-
35
total
-
-
-
146
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
1 839
1 839
1 839
146
After tax
-1 389
-1 389
-1 389
304
Living cost
522
522
522
522
Free-cash
-1 911
-1 911
-1 911
-218

Estimated living cost  is $522 per week

$357
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
-$197
$2
$75
$5
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
-
-
-
450
accident
-
-
-
3
income
-
-
-
67
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
142
Employee
367
-
374
-
health
42
-
43
-
income
50
-
51
-
pensions
41
-
42
-
total
133
-
136
-
Employer
367
-
374
-
accident
6
-
6
-
unemployment
9
-
9
-
pensions
60
-
61
-
total
75
-
76
-
Corporate
8
450
-
-
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.

7
405
-
-
total
7
405
-
-
Dividends
1
45
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
450
450
450
450
Total tax
215
414
212
142
After tax
235
36
238
308
Living cost
233
233
233
233
Free-cash
2
-197
5
75

Estimated living cost  is $233 per week

$170
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
-$105
-$227
-$54
-$132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
450
municipal
-
-
-
81
health
-
-
-
2
national
-
-
-
5
total
-
-
-
88
Employee
570
-
379
-
health
4
-
1
-
municipal
93
-
62
-
pensions
38
-
26
-
unemployment
9
-
6
-
national
9
-
-
-
total
153
-
95
-
Employer
570
-
379
-
accident
1
-
-
-
unemployment
4
-
2
-
pensions
99
-
66
-
health
4
-
3
-
total
108
-
71
-
Corporate
-
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends

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

-
270
-
-
national
-
-
-
-
municipal
-
49
-
-
total
-
49
-
-
Income
450
450
450
450
Total tax
261
139
166
88
After tax
189
311
284
362
Living cost
416
416
416
416
Free-cash
-227
-105
-132
-54

Estimated living cost  is $416 per week

$272
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
-$45
$24
$118
$26
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
-
-
-
450
income
-
-
-
-
health
-
-
-
11
social contributions
-
-
-
70
total
-
-
-
81
Employee
833
833
833
-
social contributions
31
69
34
-
health
6
14
7
-
income
91
77
90
-
total
128
160
131
-
Employer
833
833
833
-
social contributions
31
69
34
-
health
7
15
8
-
total
38
84
42
-
Corporate
32
-
-
-
income
4
-
-
-
total
4
-
-
-
Dividends
28
-
-
-
withholding
5
-
-
-
total
5
-
-
-
Income
450
450
450
450
Total tax
175
244
173
81
After tax
275
206
277
369
Living cost
251
251
251
251
Free-cash
24
-45
26
118

Estimated living cost  is $251 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$201
$146
$136
$108
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
-
-
-
450
income
-
-
-
34
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
142
Employee

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

249
-
408
-
health
21
-
35
-
income
17
-
30
-
pensions
37
-
61
-
unemployment
1
-
2
-
total
76
-
128
-
Employer

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

249
-
408
-
unemployment
1
-
2
-
pensions
14
-
22
-
health
11
-
18
-
total
26
-
42
-
Corporate
176
450
-
-
income
16
40
-
-
total
16
40
-
-
Dividends
160
410
-
-
withholding
14
37
-
-
total
14
37
-
-
Income
450
450
450
450
Total tax
132
77
170
142
After tax
318
373
280
308
Living cost
172
172
172
172
Free-cash
146
201
108
136

Estimated living cost  is $172 per week

$110
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
$6
-$78
-$45
-$48
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
accident
-
-
-
4
income
-
-
-
63
pensions
-
-
-
127
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
197
Employee
400
-
335
-
other
-
-
-
-
income
77
-
62
-
pensions
19
-
17
-
unemployment
6
-
6
-
total
102
-
85
-
Employer
400
-
335
-
accident
8
-
7
-
other
3
-
3
-
unemployment
22
-
20
-
pensions
95
-
85
-
total
128
-
115
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
230
146
200
197
After tax
220
304
250
253
Living cost
298
298
298
298
Free-cash
-78
6
-48
-45

Estimated living cost  is $298 per week

$201
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
$251
$246
$244
$243
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
-
-
-
450
income
-
-
-
138
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
176
Employee
45
-
426
-
health
2
-
5
-
income
9
-
137
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
153
-
Employer
45
-
426
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
395
450
-
-
income
87
99
-
-
total
87
99
-
-
Dividends
308
351
-
-
withholding
62
70
-
-
total
62
70
-
-
Income
450
450
450
450
Total tax
174
169
177
176
After tax
276
281
273
274
Living cost
30
30
30
30
Free-cash
246
251
243
244

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
$139
$83
$41
$59
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.

-
-
-
450
income
-
-
-
52
pensions
-
-
-
117
unemployment
-
-
-
7
health
-
-
-
46
total
-
-
-
222
Employee

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

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

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

282
-
382
-
health
15
-
20
-
income
39
-
59
-
pensions
40
-
53
-
unemployment
2
-
3
-
total
96
-
135
-
Employer

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

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

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

282
-
382
-
unemployment
2
-
3
-
pensions
34
-
46
-
health
15
-
20
-
total
51
-
69
-
Corporate
117
450
-
-
income
18
67
-
-
total
18
67
-
-
Dividends
99
383
-
-
withholding
15
57
-
-
total
15
57
-
-
Income
450
450
450
450
Total tax
180
124
204
222
After tax
270
326
246
228
Living cost
187
187
187
187
Free-cash
83
139
59
41

Estimated living cost  is $187 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
-$36
-$70
-$27
-$36
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.

-
-
-
450
income
-
-
-
29
surtax
-
-
-
-
social contributions

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

-
-
-
156
total
-
-
-
185
Employee
420
-
364
-
social contributions
46
-
40
-
surtax
-
-
-
-
income
82
-
68
-
total
128
-
108
-
Employer
420
-
364
-
social contributions
100
-
86
-
total
100
-
86
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
100
-
-
total
-
100
-
-
Income
450
450
450
450
Total tax
228
194
194
185
After tax
222
256
256
265
Living cost
292
292
292
292
Free-cash
-70
-36
-36
-27

Estimated living cost  is $292 per week

$207
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
-$77
-$240
-$128
-$131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
accident
-
-
-
4
income
-
-
-
63
pensions
-
-
-
127
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
197
Employee
523
-
335
-
other
1
-
-
-
income
109
-
62
-
pensions
25
-
17
-
unemployment
8
-
6
-
total
143
-
85
-
Employer
523
-
335
-
accident
10
-
7
-
other
4
-
3
-
unemployment
29
-
20
-
pensions
123
-
85
-
total
166
-
115
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
309
146
200
197
After tax
141
304
250
253
Living cost
381
381
381
381
Free-cash
-240
-77
-131
-128

Estimated living cost  is $381 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$199
$133
$94
$99
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
-
-
-
450
income
-
-
-
68
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
170
Employee
247
-
376
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
38
-
pensions

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

22
-
33
-
total
61
-
92
-
Employer
247
-
376
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
41
-
health
17
-
26
-
total
48
-
73
-
Corporate
155
450
-
-
income
15
45
-
-
total
15
45
-
-
Dividends
139
405
-
-
withholding
7
20
-
-
total
7
20
-
-
Income
450
450
450
450
Total tax
131
65
165
170
After tax
319
385
285
280
Living cost
186
186
186
186
Free-cash
133
199
99
94

Estimated living cost  is $186 per week

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

Source of data for Sofia model

Close
Berlin , Germany
-$185
-$88
-$64
-$64
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
450
trade
-
-
-
-
income

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

-
-
-
21
health

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

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

-
-
-
74
surtax

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

-
-
-
1
total
-
-
-
96
Employee

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

539
-
450
-
health

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

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

74
-
74
-
surtax

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

2
-
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.

44
-
21
-
total
120
-
96
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
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
-
68
-
-
trade
-
65
-
-
chamber of commerce
-
2
-
-
total
-
139
-
-
Dividends
-
312
-
-
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
-
74
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
120
217
96
96
After tax
330
233
354
354
Living cost
418
418
418
418
Free-cash
-88
-185
-64
-64

Estimated living cost  is $418 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$302
-$397
-$250
-$250
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
-
-
-
450
income
-
-
-
56
social contributions
-
-
-
27
total
-
-
-
83
Employee
847
-
450
-
income
160
-
56
-
social contributions
70
-
27
-
total
230
-
83
-
Employer
847
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
income
-
56
-
-
total
-
56
-
-
Dividends
-
394
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
230
135
83
83
After tax
220
315
367
367
Living cost
617
617
617
617
Free-cash
-397
-302
-250
-250

Estimated living cost  is $617 per week

$469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$144
-$129
-$323
-$59
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.

-
-
-
450
income
-
-
-
308
health

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

-
-
-
72
total
-
-
-
380
Employee
497
-
409
-
income
54
-
34
-
social contributions
50
-
41
-
total
104
-
75
-
Employer
497
-
409
-
social contributions
50
-
41
-
total
50
-
41
-
Corporate
-
450
-
-
income
-
157
-
-
total
-
157
-
-
Dividends
-
293
-
-
social contributions
32
44
-
-
total
32
44
-
-
Income
450
450
450
450
Total tax
186
201
116
380
After tax
264
249
334
70
Living cost
393
393
393
393
Free-cash
-129
-144
-59
-323

Estimated living cost  is $393 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-$67
-$171
-$62
-$103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
86
pensions
-
-
-
22
total
-
-
-
108
Employee
554
-
407
-
health
7
-
4
-
income
101
-
76
-
pensions
42
-
25
-
total
150
-
105
-
Employer
554
-
407
-
pensions
56
-
36
-
health
11
-
8
-
total
67
-
44
-
Corporate
-
450
-
-
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.

-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
217
113
149
108
After tax
233
337
301
342
Living cost
404
404
404
404
Free-cash
-171
-67
-103
-62

Estimated living cost  is $404 per week

$277
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
-$220
-$35
$52
-$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
-
-
-
450
accident
-
-
-
3
income
-
-
-
67
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
142
Employee
403
-
374
-
health
46
-
43
-
income
55
-
51
-
pensions
45
-
42
-
total
146
-
136
-
Employer
403
-
374
-
accident
7
-
6
-
unemployment
10
-
9
-
pensions
66
-
61
-
total
83
-
76
-
Corporate
-
450
-
-
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.

-
405
-
-
total
-
405
-
-
Dividends
-
45
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
450
450
450
450
Total tax
229
414
212
142
After tax
221
36
238
308
Living cost
256
256
256
256
Free-cash
-35
-220
-18
52

Estimated living cost  is $256 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$236
$185
$129
$129
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.

-
-
-
450
work injury
-
-
-
2
health insurance
-
-
-
33
income
-
-
-
52
pensions
-
-
-
83
unemployment
-
-
-
5
total
-
-
-
175
Employee

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

234
-
450
-
work injury
1
-
2
-
income
23
-
52
-
pensions
43
-
83
-
health insurance
17
-
33
-
unemployment
3
-
5
-
total
87
-
175
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
216
450
-
-
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
216
450
-
-
withholding
32
68
-
-
total
32
68
-
-
Income
450
450
450
450
Total tax
119
68
175
175
After tax
331
382
275
275
Living cost
146
146
146
146
Free-cash
185
236
129
129

Estimated living cost  is $146 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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-$194
-$462
-$184
-$210
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
-
-
-
450
municipal
-
-
-
3
regional
-
-
-
6
national
-
-
-
78
social contributions
-
-
-
116
total
-
-
-
203
Employee
913
-
450
-
social contributions
308
-
152
-
regional
14
-
5
-
municipal
5
-
3
-
national
154
-
69
-
total
481
-
229
-
Employer
913
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
481
213
229
203
After tax
-31
237
221
247
Living cost
432
432
432
432
Free-cash
-462
-194
-210
-184

Estimated living cost  is $432 per week

$303
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.
$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.
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Estimated living cost

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