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
$ 500
per

Your estimated
City
free-cash

Dresden , Germany
$36
-$102
$28
$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

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

-
-
-
500
trade
-
-
-
-
health

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

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

-
-
-
81
surtax

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

-
-
-
1
income

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

-
-
-
25
total
-
-
-
107
Employee

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

451
-
500
-
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.

13
-
25
-
health

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

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

81
-
81
-
total
95
-
107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49
500
-
-
trade
8
79
-
-
income
7
75
-
-
chamber of commerce
2
3
-
-
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
-
-
total
17
161
-
-
Dividends
32
340
-
-
withholding
3
80
-
-
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
-
-
total
3
84
-
-
Income
500
500
500
500
Total tax
115
245
107
107
After tax
385
255
393
393
Living cost
357
357
357
357
Free-cash
28
-102
36
36

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$300
-$313
-$556
-$297
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
-
-
-
500
municipal
-
-
-
43
pensions
-
-
-
60
social contributions
-
-
-
5
national
-
-
-
67
total
-
-
-
175
Employee
968
-
432
-
municipal
120
-
45
-
national
185
-
70
-
pensions
39
-
17
-
total
344
-
132
-
Employer
968
-
432
-
pensions
77
-
35
-
social contributions
10
-
5
-
total
87
-
40
-
Corporate
-
500
-
-
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%.

-
100
-
-
total
-
100
-
-
Dividends
-
400
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
431
188
172
175
After tax
69
312
328
325
Living cost
625
625
625
625
Free-cash
-556
-313
-297
-300

Estimated living cost  is $625 per week

$425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$133
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
$143
$155
$59
$42
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.

-
-
-
500
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.

-
-
-
37
income
-
-
-
-
microenterprise
-
-
-
75
total
-
-
-
112
Employee
345
-
403
-
social contributions

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

38
-
44
-
surtax
-
-
-
-
income
61
-
72
-
total
99
-
116
-
Employer
345
-
403
-
surtax
-
-
-
-
social contributions

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

83
-
97
-
total
83
-
97
-
Corporate
72
500
-
-
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%.

14
100
-
-
total
14
100
-
-
Dividends

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

58
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
196
100
213
112
After tax
304
400
287
388
Living cost
245
245
245
245
Free-cash
59
155
42
143

Estimated living cost  is $245 per week

$157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$207
-$604
-$671
-$671
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
-
-
-
500
pensions
-
-
-
90
health
-
-
-
77
income
-
-
-
46
total
-
-
-
213
Employee
1 007
1 007
1 007
-
pensions
181
138
181
-
income

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

165
165
165
-
health
155
131
155
-
total
501
434
501
-
Employer
1 007
1 007
1 007
-
pensions
70
70
70
-
unemployment
36
36
36
-
health
70
70
70
-
total
176
176
176
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
677
610
677
213
After tax
-177
-110
-177
287
Living cost
494
494
494
494
Free-cash
-671
-604
-671
-207

Estimated living cost  is $494 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$236
-$213
-$409
-$218
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
-
-
-
500
municipal
-
-
-
106
pensions
-
-
-
54
health
-
-
-
31
other
-
-
-
58
unemployment
-
-
-
-
accident
-
-
-
1
national
-
-
-
-
total
-
-
-
250
Employee
692
-
380
-
municipal
206
-
113
-
national
-
-
-
-
total
206
-
113
-
Employer
692
-
380
-
pensions
75
-
41
-
other
80
-
44
-
unemployment
18
-
10
-
accident
1
-
1
-
health
43
-
23
-
total
217
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
423
227
232
250
After tax
77
273
268
250
Living cost
486
486
486
486
Free-cash
-409
-213
-218
-236

Estimated living cost  is $486 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$70
-$211
-$98
-$70
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.

-
-
-
500
trade
-
-
-
-
health

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

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

-
-
-
81
surtax

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

-
-
-
1
income

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

-
-
-
25
total
-
-
-
107
Employee

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

598
-
500
-
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.

51
-
25
-
health

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

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

81
-
81
-
total
135
-
107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
82
-
-
income
-
75
-
-
chamber of commerce
-
3
-
-
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
-
-
total
-
164
-
-
Dividends
-
336
-
-
withholding
-
80
-
-
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
-
-
total
-
84
-
-
Income
500
500
500
500
Total tax
135
248
107
107
After tax
365
252
393
393
Living cost
463
463
463
463
Free-cash
-98
-211
-70
-70

Estimated living cost  is $463 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$26
-$149
-$85
-$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
-
total
-
-
-
91
Employee
907
907
907
-
social contributions
44
75
38
-
income
95
84
98
-
health
9
15
8
-
total
148
174
144
-
Employer
907
907
907
-
social contributions
44
75
38
-
health
10
17
8
-
total
54
92
46
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
202
266
190
91
After tax
298
234
310
409
Living cost
383
383
383
383
Free-cash
-85
-149
-73
26

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$130
$67
$72
$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
50
health
-
-
-
35
unemployment
-
-
-
7
income
-
-
-
61
total
-
-
-
153
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

314
125
418
-
pensions
31
12
42
-
unemployment
5
2
6
-
income
38
15
51
-
health
22
9
29
-
total
96
38
128
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

314
125
418
-
pensions
61
24
82
-
total
61
24
82
-
Corporate
125
351
-
-
income
11
32
-
-
total
11
32
-
-
Dividends
114
319
-
-
withholding
22
61
-
-
social contributions
21
61
-
-
total
43
122
-
-
Income
500
500
500
500
Total tax
211
216
210
153
After tax
289
284
290
347
Living cost
217
217
217
217
Free-cash
72
67
73
130

Estimated living cost  is $217 per week

$148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$8
$115
$42
$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
-
-
-
500
pensions
-
-
-
100
health
-
-
-
65
income
-
-
-
42
total
-
-
-
207
Employee
335
-
374
-
pensions
7
-
7
-
unemployment
5
-
6
-
income
38
-
49
-
total
50
-
62
-
Employer
335
-
374
-
pensions
67
-
75
-
unemployment
3
-
3
-
health
43
-
49
-
total
113
-
127
-
Corporate
52
500
-
-
income
10
100
-
-
total
10
100
-
-
Dividends
42
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
173
100
189
207
After tax
327
400
311
293
Living cost
285
285
285
285
Free-cash
42
115
26
8

Estimated living cost  is $285 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$79
-$223
-$1
-$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
-
-
-
500
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
74
total
-
-
-
157
Employee
415
-
415
-
pensions
47
-
47
-
income
57
-
57
-
health
48
-
48
-
total
152
-
152
-
Employer
415
-
415
-
pensions
68
-
68
-
unemployment
10
-
10
-
accident
7
-
7
-
total
85
-
85
-
Corporate
-
500
-
-
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.

-
450
-
-
total
-
450
-
-
Dividends
-
50
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
500
500
500
500
Total tax
237
459
237
157
After tax
263
41
263
343
Living cost
264
264
264
264
Free-cash
-1
-223
-1
79

Estimated living cost  is $264 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$399
$379
$361
$304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
120
-
500
-
income
24
-
100
-
total
24
-
100
-
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%.

380
500
-
-
total
-
-
-
-
Dividends
380
500
-
-
withholding
19
25
-
-
total
19
25
-
-
Income
500
500
500
500
Total tax
43
25
100
5
After tax
457
475
400
495
Living cost
96
96
96
96
Free-cash
361
379
304
399

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
-$43
$53
-$35
-$22
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
-
-
-
500
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.

-
-
-
120
health
-
-
-
22
other
-
-
-
24
income
-
-
-
63
total
-
-
-
229
Employee
428
-
399
-
pensions

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

30
-
28
-
unemployment
4
-
4
-
income
74
-
69
-
health
6
-
6
-
total
114
-
107
-
Employer
428
-
399
-
pensions

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

73
-
68
-
other
21
-
20
-
unemployment
4
-
4
-
accident
3
-
3
-
health
6
-
6
-
total
107
-
101
-
Corporate
-
500
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
500
500
500
500
Total tax
221
133
208
229
After tax
279
367
292
271
Living cost
314
314
314
314
Free-cash
-35
53
-22
-43

Estimated living cost  is $314 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$395
-$399
-$745
-$440
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
-
-
-
500
pensions
-
-
-
26
income
-
-
-
95
total
-
-
-
121
Employee
1 095
-
451
-
pensions
106
-
28
-
income
197
-
84
-
health
18
-
5
-
total
321
-
117
-
Employer
1 095
-
451
-
pensions
129
-
40
-
health
21
-
9
-
total
150
-
49
-
Corporate
-
500
-
-
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.

-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
471
125
166
121
After tax
29
375
334
379
Living cost
774
774
774
774
Free-cash
-745
-399
-440
-395

Estimated living cost  is $774 per week

$580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$160
$273
$219
$163
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
-
-
-
500
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
75
total
-
-
-
185
Employee
205
-
419
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
42
-
health
9
-
19
-
total
49
-
102
-
Employer
205
-
419
-
pensions

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

23
-
45
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
total
40
-
80
-
Corporate
255
500
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
230
450
-
-
withholding
11
22
-
-
total
11
22
-
-
Income
500
500
500
500
Total tax
126
72
182
185
After tax
374
428
318
315
Living cost
155
155
155
155
Free-cash
219
273
163
160

Estimated living cost  is $155 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$367
-$764
-$784
-$831
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
-
-
-
500
pensions
-
-
-
90
health
-
-
-
77
income
-
-
-
46
total
-
-
-
213
Employee
1 094
1 007
1 007
-
pensions
138
138
181
-
income

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

165
165
165
-
health
136
131
155
-
total
439
434
501
-
Employer
1 094
1 007
1 007
-
pensions
76
70
70
-
unemployment
39
36
36
-
health
76
70
70
-
total
191
176
176
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
630
610
677
213
After tax
-130
-110
-177
287
Living cost
654
654
654
654
Free-cash
-784
-764
-831
-367

Estimated living cost  is $654 per week

$482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-$49
$51
-$78
-$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
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
solidarity contribution
-
-
-
-
income
-
-
-
43
total
-
-
-
256
Employee
431
-
373
-
social contributions
28
-
24
-
income
52
-
45
-
solidarity contribution
-
-
-
-
health
58
-
50
-
total
138
-
119
-
Employer
431
-
373
-
social contributions
108
-
93
-
health
39
-
34
-
total
147
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
285
156
246
256
After tax
215
344
254
244
Living cost
293
293
293
293
Free-cash
-78
51
-39
-49

Estimated living cost  is $293 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$222
-$231
-$549
-$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
-
-
-
500
municipal
-
-
-
3
regional
-
-
-
5
social contributions
-
-
-
129
national
-
-
-
87
total
-
-
-
224
Employee
1 048
-
500
-
social contributions
353
-
169
-
municipal
6
-
3
-
regional
10
-
4
-
national
182
-
76
-
total
551
-
252
-
Employer
1 048
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
19
-
-
total
-
139
-
-
Dividends
-
361
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
551
233
252
224
After tax
-51
267
248
276
Living cost
498
498
498
498
Free-cash
-549
-231
-250
-222

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$28
$54
$19
$14
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
-
-
-
500
pensions
-
-
-
100
health
-
-
-
35
surtax
-
-
-
2
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
72
total
-
-
-
212
Employee
390
-
413
-
surtax
1
-
2
-
pensions
26
-
28
-
other
-
-
-
-
unemployment
27
-
29
-
income
65
-
69
-
health
10
-
11
-
total
129
-
139
-
Employer
390
-
413
-
pensions
52
-
55
-
other
-
-
-
-
unemployment
12
-
13
-
health
18
-
19
-
total
82
-
87
-
Corporate
28
500
-
-
income
7
130
-
-
total
7
130
-
-
Dividends
21
370
-
-
withholding
3
56
-
-
total
3
56
-
-
Income
500
500
500
500
Total tax
221
186
226
212
After tax
279
314
274
288
Living cost
260
260
260
260
Free-cash
19
54
14
28

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$150
-$154
-$327
-$195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
26
income
-
-
-
95
total
-
-
-
121
Employee
734
-
451
-
pensions
62
-
28
-
income
132
-
84
-
health
11
-
5
-
total
205
-
117
-
Employer
734
-
451
-
pensions
79
-
40
-
health
14
-
9
-
total
93
-
49
-
Corporate
-
500
-
-
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.

-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
298
125
166
121
After tax
202
375
334
379
Living cost
529
529
529
529
Free-cash
-327
-154
-195
-150

Estimated living cost  is $529 per week

$396
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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$514
-$712
-$706
-$549
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
-
-
-
500
regional
-
-
-
8
city
-
-
-
5
pensions
-
-
-
46
health
-
-
-
3
other

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

-
-
-
10
national
-
-
-
1
total
-
-
-
73
Employee
1 101
-
443
-
regional
36
-
6
-
national
5
-
-
-
pensions
93
-
43
-
unemployment
-
-
-
-
city
12
-
5
-
health
2
-
1
-
total
148
-
55
-
Employer
1 101
-
443
-
pensions
93
-
43
-
other

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

22
-
9
-
unemployment
-
-
-
-
health
2
-
1
-
total
117
-
53
-
Corporate
-
500
-
-
regional
-
106
-
-
national
-
42
-
-
total
-
148
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
265
271
108
73
After tax
235
229
392
427
Living cost
941
941
941
941
Free-cash
-706
-712
-549
-514

Estimated living cost  is $941 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-$147
-$290
-$209
-$147
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.

-
-
-
500
trade
-
-
-
-
health

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

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

-
-
-
81
surtax

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

-
-
-
1
income

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

-
-
-
25
total
-
-
-
107
Employee

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

709
-
500
-
surtax

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

5
-
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.

83
-
25
-
health

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

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

81
-
81
-
total
169
-
107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
86
-
-
income
-
75
-
-
chamber of commerce
-
2
-
-
surtax

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

-
4
-
-
total
-
167
-
-
Dividends
-
333
-
-
withholding
-
79
-
-
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
-
-
total
-
83
-
-
Income
500
500
500
500
Total tax
169
250
107
107
After tax
331
250
393
393
Living cost
540
540
540
540
Free-cash
-209
-290
-147
-147

Estimated living cost  is $540 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-$100
-$152
-$162
-$92
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
-
-
-
500
pensions
-
-
-
149
health
-
-
-
4
surtax
-
-
-
-
other
-
-
-
15
social contributions
-
-
-
14
income
-
-
-
14
total
-
-
-
196
Employee
505
-
381
-
social contributions
14
-
11
-
surtax
-
-
-
-
pensions
57
-
43
-
income
30
-
15
-
total
101
-
69
-
Employer
505
-
381
-
pensions
83
-
63
-
social contributions
2
-
1
-
other
17
-
13
-
unemployment
20
-
15
-
health
35
-
27
-
total
157
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
258
248
188
196
After tax
242
252
312
304
Living cost
404
404
404
404
Free-cash
-162
-152
-92
-100

Estimated living cost  is $404 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-$60
-$112
-$92
-$52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
149
health
-
-
-
4
surtax
-
-
-
-
other
-
-
-
15
social contributions
-
-
-
14
income
-
-
-
14
total
-
-
-
196
Employee
451
-
381
-
social contributions
13
-
11
-
surtax
-
-
-
-
pensions
51
-
43
-
income
23
-
15
-
total
87
-
69
-
Employer
451
-
381
-
pensions
74
-
63
-
social contributions
1
-
1
-
other
16
-
13
-
unemployment
18
-
15
-
health
32
-
27
-
total
141
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
228
248
188
196
After tax
272
252
312
304
Living cost
364
364
364
364
Free-cash
-92
-112
-52
-60

Estimated living cost  is $364 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$71
$55
$50
$56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
health
-
-
-
35
social contributions
-
-
-
69
income
-
-
-
75
total
-
-
-
179
Employee
400
-
500
-
social contributions
55
-
69
-
income
67
-
90
-
health
28
-
35
-
total
150
-
194
-
Employer
400
-
500
-
total
-
-
-
-
Corporate
100
500
-
-
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%.

5
25
-
-
total
5
25
-
-
Dividends
95
475
-
-
withholding
14
71
-
-
social contributions
21
66
-
-
health
10
33
-
-
total
45
170
-
-
Income
500
500
500
500
Total tax
200
195
194
179
After tax
300
305
306
321
Living cost
250
250
250
250
Free-cash
50
55
56
71

Estimated living cost  is $250 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$136
-$184
-$273
-$226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
93
health
-
-
-
38
surtax
-
-
-
2
unemployment
-
-
-
72
income
-
-
-
13
chamber of commerce
-
-
-
2
total
-
-
-
220
Employee
589
470
470
-
pensions
60
48
39
-
other
6
5
4
-
unemployment
18
14
11
-
income
67
35
39
-
health
23
18
15
-
total
174
120
108
-
Employer
589
470
470
-
payroll
18
14
14
-
chamber of commerce
2
2
2
-
pensions
74
59
48
-
surtax
2
2
2
-
other
28
22
22
-
unemployment
18
14
11
-
accident
8
6
5
-
health
22
18
14
-
total
172
137
118
-
Corporate
45
45
337
-
income

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

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

11
11
84
-
total
11
11
84
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
357
268
310
220
After tax
143
232
190
280
Living cost
416
416
416
416
Free-cash
-273
-184
-226
-136

Estimated living cost  is $416 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$138
-$147
-$589
-$203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
social contributions
-
-
-
41
communal

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

-
-
-
28
national
-
-
-
139
total
-
-
-
208
Employee

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

844
-
387
-
national
259
-
90
-
pensions

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

63
-
29
-
unemployment

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

7
-
3
-
communal

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

44
-
20
-
health

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

40
-
18
-
total
413
-
160
-
Employer

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

844
-
387
-
pensions

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

75
-
34
-
surtax
96
-
44
-
unemployment

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

12
-
6
-
accident

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

11
-
5
-
health

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

52
-
24
-
total
246
-
113
-
Corporate
-
500
-
-
income
-
100
-
-
surtax
-
2
-
-
total
-
102
-
-
Dividends
-
398
-
-
withholding

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

-
115
-
-
total
-
115
-
-
Income
500
500
500
500
Total tax
659
217
273
208
After tax
-159
283
227
292
Living cost
430
430
430
430
Free-cash
-589
-147
-203
-138

Estimated living cost  is $430 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$145
-$88
-$276
-$147
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
-
-
-
500
pensions
-
-
-
142
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
70
total
-
-
-
219
Employee
587
-
374
-
pensions
28
-
19
-
other
1
-
-
-
unemployment
9
-
6
-
income
124
-
70
-
total
162
-
95
-
Employer
587
-
374
-
pensions
139
-
93
-
other
5
-
3
-
unemployment
32
-
22
-
accident
12
-
8
-
total
188
-
126
-
Corporate
-
500
-
-
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.

-
75
-
-
total
-
75
-
-
Dividends
-
425
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
350
162
221
219
After tax
150
338
279
281
Living cost
426
426
426
426
Free-cash
-276
-88
-147
-145

Estimated living cost  is $426 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$313
-$327
-$499
-$313
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
-
-
-
500
pensions
-
-
-
90
health
-
-
-
42
surtax
-
-
-
25
accident
-
-
-
5
communal
-
-
-
-
income
-
-
-
10
total
-
-
-
172
Employee
893
-
433
-
surtax
55
-
25
-
pensions
71
-
45
-
income
86
-
10
-
health
40
-
25
-
total
252
-
105
-
Employer
893
-
433
-
pensions
71
-
45
-
accident
8
-
5
-
health
27
-
17
-
total
106
-
67
-
Corporate
-
500
-
-
communal
-
34
-
-
income
-
75
-
-
surtax
-
5
-
-
total
-
114
-
-
Dividends
-
386
-
-
withholding
-
58
-
-
income
-
14
-
-
total
-
72
-
-
Income
500
500
500
500
Total tax
358
186
172
172
After tax
142
314
328
328
Living cost
641
641
641
641
Free-cash
-499
-327
-313
-313

Estimated living cost  is $641 per week

$481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$23
$49
$11
$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
-
-
-
500
pensions
-
-
-
100
health
-
-
-
35
surtax
-
-
-
2
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
72
total
-
-
-
212
Employee
397
-
413
-
surtax
1
-
2
-
pensions
27
-
28
-
other
-
-
-
-
unemployment
28
-
29
-
income
67
-
69
-
health
10
-
11
-
total
133
-
139
-
Employer
397
-
413
-
pensions
53
-
55
-
other
-
-
-
-
unemployment
13
-
13
-
health
18
-
19
-
total
84
-
87
-
Corporate
19
500
-
-
income
5
130
-
-
total
5
130
-
-
Dividends
14
370
-
-
withholding
2
56
-
-
total
2
56
-
-
Income
500
500
500
500
Total tax
224
186
226
212
After tax
276
314
274
288
Living cost
265
265
265
265
Free-cash
11
49
9
23

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-$45
-$55
-$155
-$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
municipal
-
-
-
3
regional
-
-
-
8
social contributions
-
-
-
129
national
-
-
-
87
total
-
-
-
227
Employee
654
-
500
-
social contributions
221
-
169
-
municipal
3
-
3
-
regional
9
-
7
-
national
104
-
76
-
total
337
-
255
-
Employer
654
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
25
-
-
total
-
145
-
-
Dividends
-
355
-
-
withholding
-
92
-
-
total
-
92
-
-
Income
500
500
500
500
Total tax
337
237
255
227
After tax
163
263
245
273
Living cost
318
318
318
318
Free-cash
-155
-55
-73
-45

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-$117
-$17
-$213
-$107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
solidarity contribution
-
-
-
-
income
-
-
-
43
total
-
-
-
256
Employee
531
-
373
-
social contributions
35
-
24
-
income
64
-
45
-
solidarity contribution
-
-
-
-
health
72
-
50
-
total
171
-
119
-
Employer
531
-
373
-
social contributions
133
-
93
-
health
48
-
34
-
total
181
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
352
156
246
256
After tax
148
344
254
244
Living cost
361
361
361
361
Free-cash
-213
-17
-107
-117

Estimated living cost  is $361 per week

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

Source of data for Prague model

Close
Graz , Austria
-$94
-$142
-$173
-$187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
93
health
-
-
-
38
surtax
-
-
-
-
unemployment
-
-
-
72
income
-
-
-
13
chamber of commerce
-
-
-
2
total
-
-
-
218
Employee
516
470
470
-
pensions
53
48
39
-
other
5
5
4
-
unemployment
15
14
12
-
income
46
35
39
-
health
20
18
15
-
total
139
120
109
-
Employer
516
470
470
-
payroll
15
14
14
-
chamber of commerce
2
2
2
-
pensions
65
59
48
-
surtax
-
-
-
-
other
24
22
22
-
unemployment
15
14
12
-
accident
7
6
5
-
health
19
18
14
-
total
147
135
117
-
Corporate
45
45
339
-
income

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

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

11
11
85
-
total
11
11
85
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
297
266
311
218
After tax
203
234
189
282
Living cost
376
376
376
376
Free-cash
-173
-142
-187
-94

Estimated living cost  is $376 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$345
$325
$297
$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

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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
187
-
500
-
income
37
-
100
-
total
37
-
100
-
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%.

313
500
-
-
total
-
-
-
-
Dividends
313
500
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
500
500
500
500
Total tax
53
25
100
5
After tax
447
475
400
495
Living cost
150
150
150
150
Free-cash
297
325
250
345

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-$34
$28
-$103
-$50
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.

-
-
-
500
pensions
-
-
-
91
health
-
-
-
49
unemployment
-
-
-
1
income
-
-
-
77
total
-
-
-
218
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

522
-
433
-
pensions
81
-
67
-
unemployment
1
-
1
-
income
90
-
71
-
health
34
-
28
-
total
206
-
167
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

522
-
433
-
pensions
46
-
38
-
unemployment
-
-
-
-
health
35
-
29
-
total
81
-
67
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
287
156
234
218
After tax
213
344
266
282
Living cost
316
316
316
316
Free-cash
-103
28
-50
-34

Estimated living cost  is $316 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$168
-$210
-$1277
-$171
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
-
-
-
500
social contributions
-
-
-
57
income
-
-
-
97
total
-
-
-
154
Employee
738
-
4
-
social contributions
60
-
9
-
income
163
-
-
-
total
223
-
9
-
Employer
738
-
4
-
social contributions
1 040
-
148
-
total
1 040
-
148
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
1 263
196
157
154
After tax
-763
304
343
346
Living cost
514
514
514
514
Free-cash
-1 277
-210
-171
-168

Estimated living cost  is $514 per week

$334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-$77
-$86
-$172
-$86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
500
surtax
-
-
-
-
social contributions

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

-
-
-
174
income
-
-
-
33
total
-
-
-
207
Employee
542
-
404
-
social contributions
60
-
44
-
surtax
-
-
-
-
income
113
-
76
-
total
173
-
120
-
Employer
542
-
404
-
social contributions
129
-
96
-
total
129
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
302
216
216
207
After tax
198
284
284
293
Living cost
370
370
370
370
Free-cash
-172
-86
-86
-77

Estimated living cost  is $370 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$266
-$318
-$469
-$258
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
-
-
-
500
pensions
-
-
-
149
health
-
-
-
4
surtax
-
-
-
-
other
-
-
-
15
social contributions
-
-
-
14
income
-
-
-
14
total
-
-
-
196
Employee
739
-
381
-
social contributions
21
-
11
-
surtax
-
-
-
-
pensions
84
-
43
-
income
64
-
15
-
total
169
-
69
-
Employer
739
-
381
-
pensions
121
-
63
-
social contributions
2
-
1
-
other
25
-
13
-
unemployment
30
-
15
-
health
52
-
27
-
total
230
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
399
248
188
196
After tax
101
252
312
304
Living cost
570
570
570
570
Free-cash
-469
-318
-258
-266

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$35
$95
$55
$50
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
-
-
-
500
social contributions
-
-
-
110
income
-
-
-
-
total
-
-
-
110
Employee
379
-
433
-
social contributions
25
-
28
-
income
-
-
-
-
total
25
-
28
-
Employer
379
-
433
-
social contributions
59
-
67
-
total
59
-
67
-
Corporate
62
500
-
-
income
6
50
-
-
total
6
50
-
-
Dividends
56
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
90
50
95
110
After tax
410
450
405
390
Living cost
355
355
355
355
Free-cash
55
95
50
35

Estimated living cost  is $355 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$231
-$2067
-$2067
-$2067
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
-
-
-
500
municipal
-
-
-
72
pensions
-
-
-
10
labour market
-
-
-
39
national
-
-
-
43
total
-
-
-
164
Employee
2 395
2 395
2 395
-
municipal
510
510
510
-
national
293
293
293
-
pensions
3
3
3
-
labour market
191
191
191
-
total
997
997
997
-
Employer
2 395
2 395
2 395
-
labour market
192
192
192
-
pensions
7
7
7
-
municipal
511
511
511
-
national
293
293
293
-
total
1 003
1 003
1 003
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
2 000
2 000
2 000
164
After tax
-1 500
-1 500
-1 500
336
Living cost
567
567
567
567
Free-cash
-2 067
-2 067
-2 067
-231

Estimated living cost  is $567 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$83
-$219
$0
$3
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
74
total
-
-
-
157
Employee
409
-
415
-
pensions
46
-
47
-
income
56
-
57
-
health
47
-
48
-
total
149
-
152
-
Employer
409
-
415
-
pensions
67
-
68
-
unemployment
10
-
10
-
accident
7
-
7
-
total
84
-
85
-
Corporate
8
500
-
-
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
450
-
-
total
7
450
-
-
Dividends
1
50
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
500
500
500
500
Total tax
240
459
237
157
After tax
260
41
263
343
Living cost
260
260
260
260
Free-cash
-
-219
3
83

Estimated living cost  is $260 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-$52
-$107
-$239
-$137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
500
municipal
-
-
-
90
health
-
-
-
3
national
-
-
-
6
total
-
-
-
99
Employee
621
-
421
-
municipal
102
-
69
-
national
10
-
-
-
pensions
42
-
28
-
unemployment
9
-
6
-
health
5
-
2
-
total
168
-
105
-
Employer
621
-
421
-
pensions
108
-
73
-
unemployment
4
-
3
-
accident
1
-
-
-
health
5
-
3
-
total
118
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
municipal
-
54
-
-
national
-
-
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
286
154
184
99
After tax
214
346
316
401
Living cost
453
453
453
453
Free-cash
-239
-107
-137
-52

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$136
-$39
$32
$37
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
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
-
total
-
-
-
91
Employee
907
907
907
-
social contributions
34
75
38
-
income
99
84
98
-
health
7
15
8
-
total
140
174
144
-
Employer
907
907
907
-
social contributions
34
75
38
-
health
8
17
8
-
total
42
92
46
-
Corporate
45
-
-
-
income
6
-
-
-
total
6
-
-
-
Dividends
39
-
-
-
withholding
7
-
-
-
total
7
-
-
-
Income
500
500
500
500
Total tax
195
266
190
91
After tax
305
234
310
409
Living cost
273
273
273
273
Free-cash
32
-39
37
136

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$157
$227
$167
$124
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
-
-
-
500
pensions
-
-
-
75
health
-
-
-
43
unemployment
-
-
-
-
income
-
-
-
38
total
-
-
-
156
Employee

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

271
-
453
-
pensions
41
-
68
-
unemployment
1
-
2
-
income
19
-
34
-
health
23
-
39
-
total
84
-
143
-
Employer

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

271
-
453
-
pensions
15
-
25
-
unemployment
1
-
2
-
health
12
-
19
-
total
28
-
46
-
Corporate
201
500
-
-
income
18
45
-
-
total
18
45
-
-
Dividends
183
455
-
-
withholding
16
41
-
-
total
16
41
-
-
Income
500
500
500
500
Total tax
146
86
189
156
After tax
354
414
311
344
Living cost
187
187
187
187
Free-cash
167
227
124
157

Estimated living cost  is $187 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-$43
$14
-$75
-$45
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
-
-
-
500
pensions
-
-
-
142
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
70
total
-
-
-
219
Employee
436
-
374
-
pensions
21
-
19
-
other
-
-
-
-
unemployment
7
-
6
-
income
84
-
70
-
total
112
-
95
-
Employer
436
-
374
-
pensions
103
-
93
-
other
3
-
3
-
unemployment
24
-
22
-
accident
9
-
8
-
total
139
-
126
-
Corporate
-
500
-
-
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.

-
75
-
-
total
-
75
-
-
Dividends
-
425
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
251
162
221
219
After tax
249
338
279
281
Living cost
324
324
324
324
Free-cash
-75
14
-45
-43

Estimated living cost  is $324 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$288
$289
$285
$286
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
-
-
-
500
pensions
-
-
-
17
health
-
-
-
12
income
-
-
-
160
total
-
-
-
189
Employee
35
-
481
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
159
-
health
2
-
4
-
total
12
-
172
-
Employer
35
-
481
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
457
500
-
-
income
101
110
-
-
total
101
110
-
-
Dividends
357
390
-
-
withholding
71
78
-
-
total
71
78
-
-
Income
500
500
500
500
Total tax
192
188
191
189
After tax
308
312
309
311
Living cost
23
23
23
23
Free-cash
285
289
286
288

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$48
$157
$99
$70
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.

-
-
-
500
pensions
-
-
-
130
health
-
-
-
52
unemployment
-
-
-
7
income
-
-
-
59
total
-
-
-
248
Employee

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

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

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

307
-
424
-
pensions
43
-
59
-
unemployment
2
-
3
-
income
42
-
66
-
health
16
-
22
-
total
103
-
150
-
Employer

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

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

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

307
-
424
-
pensions
37
-
51
-
unemployment
2
-
3
-
health
16
-
22
-
total
55
-
76
-
Corporate
137
500
-
-
income
21
75
-
-
total
21
75
-
-
Dividends
117
425
-
-
withholding
18
64
-
-
total
18
64
-
-
Income
500
500
500
500
Total tax
197
139
226
248
After tax
303
361
274
252
Living cost
204
204
204
204
Free-cash
99
157
70
48

Estimated living cost  is $204 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-$25
-$34
-$66
-$34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
500
surtax
-
-
-
-
social contributions

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

-
-
-
174
income
-
-
-
33
total
-
-
-
207
Employee
458
-
404
-
social contributions
50
-
44
-
surtax
-
-
-
-
income
89
-
76
-
total
139
-
120
-
Employer
458
-
404
-
social contributions
109
-
96
-
total
109
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
248
216
216
207
After tax
252
284
284
293
Living cost
318
318
318
318
Free-cash
-66
-34
-34
-25

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$134
-$77
-$252
-$136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
142
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
70
total
-
-
-
219
Employee
570
-
374
-
pensions
27
-
19
-
other
1
-
-
-
unemployment
9
-
6
-
income
119
-
70
-
total
156
-
95
-
Employer
570
-
374
-
pensions
134
-
93
-
other
5
-
3
-
unemployment
31
-
22
-
accident
11
-
8
-
total
181
-
126
-
Corporate
-
500
-
-
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.

-
75
-
-
total
-
75
-
-
Dividends
-
425
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
337
162
221
219
After tax
163
338
279
281
Living cost
415
415
415
415
Free-cash
-252
-77
-136
-134

Estimated living cost  is $415 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$112
$225
$151
$115
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
-
-
-
500
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
75
total
-
-
-
185
Employee
269
-
419
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
42
-
health
12
-
19
-
total
66
-
102
-
Employer
269
-
419
-
pensions

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

30
-
45
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
28
-
total
54
-
80
-
Corporate
179
500
-
-
income
18
50
-
-
total
18
50
-
-
Dividends
161
450
-
-
withholding
8
22
-
-
total
8
22
-
-
Income
500
500
500
500
Total tax
146
72
182
185
After tax
354
428
318
315
Living cost
203
203
203
203
Free-cash
151
225
115
112

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-$62
-$196
-$87
-$62
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.

-
-
-
500
trade
-
-
-
-
health

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

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

-
-
-
81
surtax

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

-
-
-
1
income

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

-
-
-
25
total
-
-
-
107
Employee

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

587
-
500
-
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.

48
-
25
-
health

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

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

81
-
81
-
total
132
-
107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
72
-
-
income
-
75
-
-
chamber of commerce
-
3
-
-
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
-
-
total
-
154
-
-
Dividends
-
347
-
-
withholding
-
82
-
-
surtax

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

-
5
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
132
241
107
107
After tax
368
259
393
393
Living cost
455
455
455
455
Free-cash
-87
-196
-62
-62

Estimated living cost  is $455 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$265
-$321
-$423
-$265
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
-
-
-
500
social contributions
-
-
-
30
income
-
-
-
63
total
-
-
-
93
Employee
923
-
500
-
social contributions
77
-
30
-
income
174
-
63
-
total
251
-
93
-
Employer
923
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
62
-
-
total
-
62
-
-
Dividends
-
438
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
251
149
93
93
After tax
249
351
407
407
Living cost
672
672
672
672
Free-cash
-423
-321
-265
-265

Estimated living cost  is $672 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$336
-$152
-$130
-$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.

-
-
-
500
health

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

-
-
-
72
income
-
-
-
336
total
-
-
-
408
Employee
541
-
454
-
social contributions
54
-
46
-
income
59
-
39
-
total
113
-
85
-
Employer
541
-
454
-
social contributions
54
-
46
-
total
54
-
46
-
Corporate
-
500
-
-
income
-
175
-
-
total
-
175
-
-
Dividends
-
325
-
-
social contributions
35
49
-
-
total
35
49
-
-
Income
500
500
500
500
Total tax
202
224
131
408
After tax
298
276
369
92
Living cost
428
428
428
428
Free-cash
-130
-152
-59
-336

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-$51
-$55
-$161
-$96
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
-
-
-
500
pensions
-
-
-
26
income
-
-
-
95
total
-
-
-
121
Employee
590
-
451
-
pensions
45
-
28
-
income
107
-
84
-
health
8
-
5
-
total
160
-
117
-
Employer
590
-
451
-
pensions
60
-
40
-
health
11
-
9
-
total
71
-
49
-
Corporate
-
500
-
-
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.

-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
231
125
166
121
After tax
269
375
334
379
Living cost
430
430
430
430
Free-cash
-161
-55
-96
-51

Estimated living cost  is $430 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$57
-$245
-$42
-$23
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
-
-
-
500
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
74
total
-
-
-
157
Employee
450
-
415
-
pensions
51
-
47
-
income
62
-
57
-
health
51
-
48
-
total
164
-
152
-
Employer
450
-
415
-
pensions
73
-
68
-
unemployment
11
-
10
-
accident
8
-
7
-
total
92
-
85
-
Corporate
-
500
-
-
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.

-
450
-
-
total
-
450
-
-
Dividends
-
50
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
500
500
500
500
Total tax
256
459
237
157
After tax
244
41
263
343
Living cost
286
286
286
286
Free-cash
-42
-245
-23
57

Estimated living cost  is $286 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$145
$266
$209
$145
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.

-
-
-
500
pensions
-
-
-
92
health insurance
-
-
-
37
work injury
-
-
-
2
unemployment
-
-
-
6
income
-
-
-
59
total
-
-
-
196
Employee

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

254
-
500
-
pensions
47
-
92
-
health insurance
19
-
37
-
unemployment
3
-
6
-
income
25
-
59
-
work injury
1
-
2
-
total
95
-
196
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
246
500
-
-
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
246
500
-
-
withholding
37
75
-
-
total
37
75
-
-
Income
500
500
500
500
Total tax
132
75
196
196
After tax
368
425
304
304
Living cost
159
159
159
159
Free-cash
209
266
145
145

Estimated living cost  is $159 per week

$99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-$196
-$207
-$494
-$224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
municipal
-
-
-
3
regional
-
-
-
7
social contributions
-
-
-
129
national
-
-
-
87
total
-
-
-
226
Employee
994
-
500
-
social contributions
335
-
169
-
municipal
6
-
3
-
regional
15
-
6
-
national
168
-
76
-
total
524
-
254
-
Employer
994
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
24
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
524
237
254
226
After tax
-24
263
246
274
Living cost
470
470
470
470
Free-cash
-494
-207
-224
-196

Estimated living cost  is $470 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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