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

Valencia , Spain
-$59
-$33
-$38
$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
unemployment
-
-
-
4
income
-
-
-
70
other
-
-
-
1
accident
-
-
-
5
pensions
-
-
-
142
total
-
-
-
222
Employee
425
-
378
-
unemployment
7
-
6
-
pensions
20
-
18
-
income
82
-
71
-
other
-
-
-
-
total
109
-
95
-
Employer
425
-
378
-
pensions
100
-
90
-
accident
8
-
8
-
unemployment
23
-
21
-
other
3
-
3
-
total
134
-
122
-
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
243
162
217
222
After tax
257
338
283
278
Living cost
316
316
316
316
Free-cash
-59
22
-33
-38

Estimated living cost  is $316 per week

$213
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.
$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
Bratislava , Slovakia
-$22
-$14
-$35
$61
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
63
other
-
-
-
24
health
-
-
-
22
total
-
-
-
229
Employee
417
-
399
-
health
6
-
6
-
unemployment
4
-
4
-
pensions

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

29
-
28
-
income
72
-
69
-
total
111
-
107
-
Employer
417
-
399
-
health
6
-
6
-
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.

71
-
68
-
accident
3
-
3
-
unemployment
4
-
4
-
other
21
-
20
-
total
105
-
101
-
Corporate
-
500
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
500
500
500
500
Total tax
216
133
208
229
After tax
284
367
292
271
Living cost
306
306
306
306
Free-cash
-22
61
-14
-35

Estimated living cost  is $306 per week

$216
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$223
$172
$167
$277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
59
unemployment
-
-
-
2
income
-
-
-
75
health
-
-
-
46
total
-
-
-
182
Employee
200
-
421
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
35
-
income
20
-
42
-
total
49
-
99
-
Employer
200
-
421
-
health
14
-
28
-
pensions

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

22
-
44
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
39
-
78
-
Corporate
261
500
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
235
450
-
-
withholding
12
22
-
-
total
12
22
-
-
Income
500
500
500
500
Total tax
126
72
177
182
After tax
374
428
323
318
Living cost
151
151
151
151
Free-cash
223
277
172
167

Estimated living cost  is $151 per week

$88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$145
-$82
-$88
-$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
14
other
-
-
-
15
health
-
-
-
4
social contributions
-
-
-
14
pensions
-
-
-
148
surtax
-
-
-
-
total
-
-
-
195
Employee
491
-
381
-
pensions
56
-
43
-
income
29
-
16
-
social contributions
14
-
11
-
surtax
-
-
-
-
total
99
-
70
-
Employer
491
-
381
-
health
34
-
27
-
social contributions
1
-
1
-
pensions
81
-
63
-
unemployment
20
-
15
-
other
17
-
13
-
total
153
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
withholding
-
46
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
252
248
189
195
After tax
248
252
311
305
Living cost
393
393
393
393
Free-cash
-145
-141
-82
-88

Estimated living cost  is $393 per week

$248
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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-$641
-$641
-$194
-$576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
46
health
-
-
-
77
total
-
-
-
213
Employee
981
981
981
-
health
151
128
151
-
pensions
177
135
177
-
income

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

161
161
161
-
total
489
424
489
-
Employer
981
981
981
-
health
68
68
68
-
pensions
68
68
68
-
unemployment
35
35
35
-
total
171
171
171
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
660
595
660
213
After tax
-160
-95
-160
287
Living cost
481
481
481
481
Free-cash
-641
-576
-641
-194

Estimated living cost  is $481 per week

$341
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.
$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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$33
$44
$44
-$93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
500
trade
-
-
-
-
income

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

-
-
-
28
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.

-
-
-
78
surtax

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

-
-
-
2
total
-
-
-
108
Employee

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

439
-
500
-
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.

78
-
78
-
income

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

12
-
28
-
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
-
2
-
total
91
-
108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61
500
-
-
income
9
75
-
-
trade
10
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.

1
4
-
-
chamber of commerce
2
2
-
-
total
22
160
-
-
Dividends
40
340
-
-
surtax

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

-
4
-
-
withholding
6
81
-
-
total
6
85
-
-
Income
500
500
500
500
Total tax
119
245
108
108
After tax
381
255
392
392
Living cost
348
348
348
348
Free-cash
33
-93
44
44

Estimated living cost  is $348 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Larnaca , Cyprus
$43
$47
$143
-$25
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
health
-
-
-
13
social contributions
-
-
-
78
total
-
-
-
91
Employee
883
883
883
-
health
7
15
8
-
income
96
82
95
-
social contributions
33
73
38
-
total
136
170
141
-
Employer
883
883
883
-
health
7
16
8
-
social contributions
33
73
38
-
total
40
89
46
-
Corporate
57
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
50
-
-
-
withholding
8
-
-
-
total
8
-
-
-
Income
500
500
500
500
Total tax
191
259
187
91
After tax
309
241
313
409
Living cost
266
266
266
266
Free-cash
43
-25
47
143

Estimated living cost  is $266 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
-$153
-$77
-$67
-$76
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
33
social contributions

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

-
-
-
174
surtax
-
-
-
-
total
-
-
-
207
Employee
528
-
404
-
income
110
-
77
-
social contributions
58
-
44
-
surtax
-
-
-
-
total
168
-
121
-
Employer
528
-
404
-
social contributions
125
-
96
-
total
125
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
293
216
217
207
After tax
207
284
283
293
Living cost
360
360
360
360
Free-cash
-153
-76
-77
-67

Estimated living cost  is $360 per week

$269
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
Batumi , Georgia
$373
$314
$409
$389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
107
-
500
-
income
21
-
100
-
total
21
-
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%.

393
500
-
-
total
-
-
-
-
Dividends
393
500
-
-
withholding
20
25
-
-
total
20
25
-
-
Income
500
500
500
500
Total tax
41
25
100
5
After tax
459
475
400
495
Living cost
86
86
86
86
Free-cash
373
389
314
409

Estimated living cost  is $86 per week

$53
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Ljubljana , Slovenia
-$88
-$43
-$27
$36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
1
income
-
-
-
78
health
-
-
-
49
total
-
-
-
219
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.

508
-
433
-
health
33
-
28
-
unemployment
1
-
1
-
pensions
79
-
67
-
income
88
-
72
-
total
201
-
168
-
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.

508
-
433
-
health
34
-
29
-
pensions
45
-
38
-
unemployment
-
-
-
-
total
79
-
67
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
280
156
235
219
After tax
220
344
265
281
Living cost
308
308
308
308
Free-cash
-88
36
-43
-27

Estimated living cost  is $308 per week

$211
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.
$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
Sliema , Malta
-$114
-$50
-$316
-$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
500
income
-
-
-
327
health

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

-
-
-
72
total
-
-
-
399
Employee
527
-
454
-
social contributions
53
-
46
-
income
57
-
41
-
total
110
-
87
-
Employer
527
-
454
-
social contributions
53
-
46
-
total
53
-
46
-
Corporate
-
500
-
-
income
-
175
-
-
total
-
175
-
-
Dividends
-
325
-
-
social contributions
34
49
-
-
total
34
49
-
-
Income
500
500
500
500
Total tax
197
224
133
399
After tax
303
276
367
101
Living cost
417
417
417
417
Free-cash
-114
-141
-50
-316

Estimated living cost  is $417 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$59
$63
$78
$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
-
-
-
500
income
-
-
-
75
health
-
-
-
35
social contributions
-
-
-
69
total
-
-
-
179
Employee
389
-
500
-
health
27
-
35
-
income
65
-
90
-
social contributions
54
-
69
-
total
146
-
194
-
Employer
389
-
500
-
total
-
-
-
-
Corporate
111
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%.

6
25
-
-
total
6
25
-
-
Dividends
105
475
-
-
social contributions
20
66
-
-
withholding
16
71
-
-
health
10
33
-
-
total
46
170
-
-
Income
500
500
500
500
Total tax
198
195
194
179
After tax
302
305
306
321
Living cost
243
243
243
243
Free-cash
59
62
63
78

Estimated living cost  is $243 per week

$163
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.
$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
Prague , Czech Republic
-$133
-$67
-$78
$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
income
-
-
-
43
health
-
-
-
68
social contributions
-
-
-
146
solidarity contribution
-
-
-
-
total
-
-
-
257
Employee
472
-
373
-
health
64
-
50
-
solidarity contribution
-
-
-
-
income
57
-
45
-
social contributions
31
-
24
-
total
152
-
119
-
Employer
472
-
373
-
health
42
-
34
-
social contributions
118
-
93
-
total
160
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
312
156
246
257
After tax
188
344
254
243
Living cost
321
321
321
321
Free-cash
-133
23
-67
-78

Estimated living cost  is $321 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$317
$267
$362
$342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
167
-
500
-
income
33
-
100
-
total
33
-
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%.

333
500
-
-
total
-
-
-
-
Dividends
333
500
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
500
500
500
500
Total tax
50
25
100
5
After tax
450
475
400
495
Living cost
133
133
133
133
Free-cash
317
342
267
362

Estimated living cost  is $133 per week

$90
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.
$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.
$33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Paris , France
-$443
-$244
-$250
-$303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14
other
-
-
-
15
health
-
-
-
4
social contributions
-
-
-
14
pensions
-
-
-
148
surtax
-
-
-
-
total
-
-
-
195
Employee
719
-
381
-
pensions
81
-
43
-
income
63
-
16
-
social contributions
20
-
11
-
surtax
-
-
-
-
total
164
-
70
-
Employer
719
-
381
-
health
50
-
27
-
social contributions
2
-
1
-
pensions
118
-
63
-
unemployment
29
-
15
-
other
25
-
13
-
total
224
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
withholding
-
46
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
388
248
189
195
After tax
112
252
311
305
Living cost
555
555
555
555
Free-cash
-443
-303
-244
-250

Estimated living cost  is $555 per week

$375
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.
$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
Belgrade , Serbia
$108
$76
$55
$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

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
unemployment
-
-
-
7
income
-
-
-
59
health
-
-
-
51
total
-
-
-
247
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.

298
-
424
-
health
15
-
22
-
unemployment
2
-
3
-
pensions
42
-
59
-
income
41
-
66
-
total
100
-
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.

298
-
424
-
health
15
-
22
-
pensions
36
-
51
-
unemployment
2
-
3
-
total
53
-
76
-
Corporate
148
500
-
-
income
22
75
-
-
total
22
75
-
-
Dividends
126
425
-
-
withholding
19
64
-
-
total
19
64
-
-
Income
500
500
500
500
Total tax
194
139
226
247
After tax
306
361
274
253
Living cost
198
198
198
198
Free-cash
108
163
76
55

Estimated living cost  is $198 per week

$133
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.
$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
Zurich , Switzerland
-$522
-$403
-$372
-$569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
city
-
-
-
5
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
health
-
-
-
3
regional
-
-
-
9
national
-
-
-
1
total
-
-
-
74
Employee
934
-
446
-
health
2
-
1
-
unemployment
-
-
-
-
city
10
-
5
-
pensions
78
-
40
-
regional
31
-
8
-
national
4
-
1
-
total
125
-
55
-
Employer
934
-
446
-
health
2
-
1
-
pensions
78
-
40
-
unemployment
-
-
-
-
other

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

19
-
9
-
total
99
-
50
-
Corporate
-
500
-
-
regional
-
106
-
-
national
-
42
-
-
total
-
148
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
224
271
105
74
After tax
276
229
395
426
Living cost
798
798
798
798
Free-cash
-522
-569
-403
-372

Estimated living cost  is $798 per week

$519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
-$220
-$125
-$40
-$95
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
health
-
-
-
3
national
-
-
-
7
total
-
-
-
99
Employee
604
-
421
-
health
5
-
2
-
unemployment
9
-
6
-
pensions
41
-
28
-
national
10
-
-
-
municipal
99
-
69
-
total
164
-
105
-
Employer
604
-
421
-
health
5
-
3
-
pensions
105
-
73
-
accident
1
-
-
-
unemployment
4
-
3
-
total
115
-
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
279
154
184
99
After tax
221
346
316
401
Living cost
441
441
441
441
Free-cash
-220
-95
-125
-40

Estimated living cost  is $441 per week

$288
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Brussels , Belgium
-$563
-$193
-$128
-$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
communal

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

-
-
-
27
social contributions
-
-
-
43
national
-
-
-
139
total
-
-
-
209
Employee

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

821
-
387
-
health

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

39
-
18
-
communal

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

43
-
20
-
unemployment

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

7
-
3
-
pensions

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

62
-
29
-
national
253
-
91
-
total
404
-
161
-
Employer

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

821
-
387
-
health

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

51
-
24
-
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.

73
-
34
-
surtax
93
-
44
-
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
-
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
-
total
240
-
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
644
217
274
209
After tax
-144
283
226
291
Living cost
419
419
419
419
Free-cash
-563
-136
-193
-128

Estimated living cost  is $419 per week

$270
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.
$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
Stockholm , Sweden
-$431
-$229
-$248
-$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
unemployment
-
-
-
1
municipal
-
-
-
106
other
-
-
-
58
health
-
-
-
31
national
-
-
-
-
accident
-
-
-
1
pensions
-
-
-
54
total
-
-
-
251
Employee
708
-
380
-
national
-
-
-
-
municipal
211
-
113
-
total
211
-
113
-
Employer
708
-
380
-
health
44
-
23
-
pensions
77
-
41
-
accident
1
-
1
-
unemployment
19
-
10
-
other
82
-
44
-
total
223
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
434
227
232
251
After tax
66
273
268
249
Living cost
497
497
497
497
Free-cash
-431
-224
-229
-248

Estimated living cost  is $497 per week

$329
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$1393
-$217
-$202
-$244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
97
social contributions
-
-
-
57
total
-
-
-
154
Employee
786
-
18
-
income
173
-
2
-
social contributions
64
-
9
-
total
237
-
11
-
Employer
786
-
18
-
social contributions
1 108
-
158
-
total
1 108
-
158
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
1 345
196
169
154
After tax
-845
304
331
346
Living cost
548
548
548
548
Free-cash
-1 393
-244
-217
-202

Estimated living cost  is $548 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
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.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-$70
-$59
$37
-$131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
-
health
-
-
-
13
social contributions
-
-
-
78
total
-
-
-
91
Employee
883
883
883
-
health
9
15
8
-
income
93
82
95
-
social contributions
43
73
38
-
total
145
170
141
-
Employer
883
883
883
-
health
10
16
8
-
social contributions
43
73
38
-
total
53
89
46
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
198
259
187
91
After tax
302
241
313
409
Living cost
372
372
372
372
Free-cash
-70
-131
-59
37

Estimated living cost  is $372 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
-$129
-$76
-$31
-$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
-
-
-
500
income
-
-
-
95
pensions
-
-
-
27
total
-
-
-
122
Employee
561
-
450
-
health
7
-
5
-
pensions
43
-
29
-
income
102
-
83
-
total
152
-
117
-
Employer
561
-
450
-
health
11
-
9
-
pensions
57
-
41
-
total
68
-
50
-
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
220
125
167
122
After tax
280
375
333
378
Living cost
409
409
409
409
Free-cash
-129
-34
-76
-31

Estimated living cost  is $409 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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.

Rome , Italy
-$468
-$211
-$183
-$194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
municipal
-
-
-
3
regional
-
-
-
7
social contributions
-
-
-
129
national
-
-
-
87
total
-
-
-
226
Employee
968
-
500
-
social contributions
326
-
169
-
regional
15
-
6
-
national
164
-
76
-
municipal
6
-
3
-
total
511
-
254
-
Employer
968
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
24
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
511
237
254
226
After tax
-11
263
246
274
Living cost
457
457
457
457
Free-cash
-468
-194
-211
-183

Estimated living cost  is $457 per week

$321
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.
$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
Gdansk , Poland
$4
$20
$104
-$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
pensions
-
-
-
46
income
-
-
-
76
other
-
-
-
4
health
-
-
-
24
accident
-
-
-
3
total
-
-
-
153
Employee
382
-
415
-
health
44
-
48
-
pensions
43
-
47
-
income
52
-
57
-
total
139
-
152
-
Employer
382
-
415
-
pensions
62
-
68
-
accident
6
-
7
-
unemployment
9
-
10
-
total
77
-
85
-
Corporate
40
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.

36
450
-
-
total
36
450
-
-
Dividends
4
50
-
-
withholding
1
10
-
-
total
1
10
-
-
Income
500
500
500
500
Total tax
253
460
237
153
After tax
247
40
263
347
Living cost
243
243
243
243
Free-cash
4
-203
20
104

Estimated living cost  is $243 per week

$178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
-$71
-$51
-$51
-$183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
500
trade
-
-
-
-
income

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

-
-
-
28
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.

-
-
-
78
surtax

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

-
-
-
2
total
-
-
-
108
Employee

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

571
-
500
-
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.

78
-
78
-
income

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

47
-
28
-
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
-
2
-
total
128
-
108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
75
-
-
trade
-
72
-
-
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
-
-
chamber of commerce
-
2
-
-
total
-
153
-
-
Dividends
-
347
-
-
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
-
-
withholding
-
82
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
128
240
108
108
After tax
372
260
392
392
Living cost
443
443
443
443
Free-cash
-71
-183
-51
-51

Estimated living cost  is $443 per week

$306
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.
$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.
$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

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.

Riga , Latvia
$66
$48
$150
$161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
-
microenterprise
-
-
-
75
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.

-
-
-
36
surtax
-
-
-
-
total
-
-
-
111
Employee
336
-
403
-
income
60
-
72
-
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
-
44
-
surtax
-
-
-
-
total
97
-
116
-
Employer
336
-
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.

81
-
97
-
surtax
-
-
-
-
total
81
-
97
-
Corporate
84
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%.

17
100
-
-
total
17
100
-
-
Dividends

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

67
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
195
100
213
111
After tax
305
400
287
389
Living cost
239
239
239
239
Free-cash
66
161
48
150

Estimated living cost  is $239 per week

$152
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.
$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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$150
$118
$105
$172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
82
health
-
-
-
73
pensions
-
-
-
100
total
-
-
-
255
Employee
214
-
408
-
health
11
-
20
-
unemployment
2
-
4
-
pensions
19
-
37
-
income
41
-
89
-
total
73
-
150
-
Employer
214
-
408
-
health
20
-
39
-
pensions
24
-
45
-
unemployment
4
-
8
-
total
48
-
92
-
Corporate
238
500
-
-
income
52
110
-
-
total
52
110
-
-
Dividends
186
390
-
-
withholding
37
78
-
-
total
37
78
-
-
Income
500
500
500
500
Total tax
210
188
242
255
After tax
290
312
258
245
Living cost
140
140
140
140
Free-cash
150
172
118
105

Estimated living cost  is $140 per week

$83
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$19
$16
$30
$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
pensions
-
-
-
100
unemployment
-
-
-
3
income
-
-
-
72
other
-
-
-
-
health
-
-
-
35
surtax
-
-
-
2
total
-
-
-
212
Employee
387
-
413
-
health
10
-
11
-
unemployment
27
-
29
-
pensions
26
-
28
-
income
65
-
69
-
other
-
-
-
-
surtax
1
-
2
-
total
129
-
139
-
Employer
387
-
413
-
health
18
-
19
-
pensions
52
-
55
-
unemployment
12
-
13
-
other
-
-
-
-
total
82
-
87
-
Corporate
32
500
-
-
income
8
130
-
-
total
8
130
-
-
Dividends
24
370
-
-
withholding
4
56
-
-
total
4
56
-
-
Income
500
500
500
500
Total tax
223
186
226
212
After tax
277
314
274
288
Living cost
258
258
258
258
Free-cash
19
56
16
30

Estimated living cost  is $258 per week

$156
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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
-$157
-$175
-$84
-$127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
pensions
-
-
-
93
chamber of commerce
-
-
-
2
unemployment
-
-
-
70
income
-
-
-
15
health
-
-
-
38
surtax
-
-
-
-
total
-
-
-
218
Employee
502
458
458
-
health
19
18
15
-
unemployment
15
14
12
-
pensions
51
47
39
-
income
45
34
37
-
other
5
5
4
-
total
135
118
107
-
Employer
502
458
458
-
health
19
17
15
-
pensions
63
57
48
-
surtax
-
-
-
-
accident
7
6
5
-
unemployment
15
14
12
-