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
$ 550
per

Your estimated
City
free-cash

Dresden , Germany
-$47
$70
$90
$98
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
550
trade
-
-
-
8
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
health

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

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

-
-
-
74
surtax

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

-
-
-
3
total
-
-
-
133
Employee

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

413
-
550
-
health

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

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

74
-
74
-
surtax

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

1
-
3
-
income

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

12
-
48
-
total
87
-
125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
137
550
-
-
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
5
-
-
income
21
82
-
-
trade
22
87
-
-
chamber of commerce
2
2
-
-
total
46
176
-
-
Dividends
92
374
-
-
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
5
-
-
withholding
19
89
-
-
total
20
94
-
-
Income
550
550
550
550
Total tax
153
270
125
133
After tax
397
280
425
417
Living cost
327
327
327
327
Free-cash
70
-47
98
90

Estimated living cost  is $327 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$202
-$372
-$197
-$192
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
-
-
-
550
municipal
-
-
-
51
pensions
-
-
-
66
national
-
-
-
79
social contributions
-
-
-
6
total
-
-
-
202
Employee
844
-
475
-
municipal
104
-
53
-
pensions
34
-
19
-
national
162
-
82
-
total
300
-
154
-
Employer
844
-
475
-
social contributions
9
-
5
-
pensions
68
-
38
-
total
77
-
43
-
Corporate
-
550
-
-
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%.

-
110
-
-
total
-
110
-
-
Dividends
-
440
-
-
withholding
-
97
-
-
total
-
97
-
-
Income
550
550
550
550
Total tax
377
207
197
202
After tax
173
343
353
348
Living cost
545
545
545
545
Free-cash
-372
-202
-192
-197

Estimated living cost  is $545 per week

$370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$215
$126
$209
$90
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
550
microenterprise
-
-
-
82
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
34
total
-
-
-
116
Employee
315
-
443
-
social contributions

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

35
-
49
-
surtax
-
-
-
-
income
56
-
79
-
total
91
-
128
-
Employer
315
-
443
-
social contributions

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

76
-
107
-
surtax
-
-
-
-
total
76
-
107
-
Corporate
159
550
-
-
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%.

32
110
-
-
total
32
110
-
-
Dividends

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

127
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
199
110
235
116
After tax
351
440
315
434
Living cost
225
225
225
225
Free-cash
126
215
90
209

Estimated living cost  is $225 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$460
-$521
-$136
-$521
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
-
-
-
550
income
-
-
-
51
pensions
-
-
-
99
health
-
-
-
84
total
-
-
-
234
Employee
922
922
922
-
health
141
120
141
-
income

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

151
151
151
-
pensions
166
126
166
-
total
458
397
458
-
Employer
922
922
922
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
619
558
619
234
After tax
-69
-8
-69
316
Living cost
452
452
452
452
Free-cash
-521
-460
-521
-136

Estimated living cost  is $452 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$116
-$229
-$141
-$123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
municipal
-
-
-
116
accident
-
-
-
1
pensions
-
-
-
59
other
-
-
-
64
unemployment
-
-
-
1
health
-
-
-
34
national
-
-
-
-
total
-
-
-
275
Employee
592
-
419
-
municipal
177
-
125
-
national
-
-
-
-
total
177
-
125
-
Employer
592
-
419
-
accident
1
-
1
-
other
69
-
49
-
unemployment
16
-
11
-
pensions
64
-
45
-
health
36
-
26
-
total
186
-
132
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
withholding
-
129
-
-
total
-
129
-
-
Income
550
550
550
550
Total tax
363
250
257
275
After tax
187
300
293
275
Living cost
416
416
416
416
Free-cash
-229
-116
-123
-141

Estimated living cost  is $416 per week

$276
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.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$146
$0
-$7
$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

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

-
-
-
550
trade
-
-
-
8
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
health

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

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

-
-
-
74
surtax

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

-
-
-
3
total
-
-
-
133
Employee

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

547
-
550
-
health

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

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

74
-
74
-
surtax

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

3
-
3
-
income

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

47
-
48
-
total
124
-
125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3
550
-
-
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
-
-
income
-
82
-
-
trade
-
90
-
-
chamber of commerce
2
2
-
-
total
2
179
-
-
Dividends
-
370
-
-
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
-
88
-
-
total
-
93
-
-
Income
550
550
550
550
Total tax
126
272
125
133
After tax
424
278
425
417
Living cost
424
424
424
424
Free-cash
-
-146
1
-7

Estimated living cost  is $424 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$44
$12
$90
$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
-
-
-
550
income
-
-
-
10
health
-
-
-
14
social contributions
-
-
-
86
total
-
-
-
110
Employee
830
830
830
-
social contributions
40
69
41
-
health
8
14
8
-
income
87
77
87
-
total
135
160
136
-
Employer
830
830
830
-
social contributions
40
69
41
-
health
9
15
9
-
total
49
84
50
-
Corporate
15
-
-
-
income
2
-
-
-
total
2
-
-
-
Dividends
13
-
-
-
withholding
2
-
-
-
total
2
-
-
-
Income
550
550
550
550
Total tax
188
244
186
110
After tax
362
306
364
440
Living cost
350
350
350
350
Free-cash
12
-44
14
90

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$116
$122
$187
$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
-
-
-
550
income
-
-
-
67
pensions
-
-
-
55
unemployment
-
-
-
8
health
-
-
-
38
total
-
-
-
168
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.

282
112
460
-
health
20
8
32
-
income
34
14
56
-
pensions
28
11
46
-
unemployment
4
2
7
-
total
86
35
141
-
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.

282
112
460
-
pensions
55
22
90
-
total
55
22
90
-
Corporate
213
416
-
-
income
19
37
-
-
total
19
37
-
-
Dividends
194
378
-
-
social contributions
36
73
-
-
withholding
37
72
-
-
total
73
145
-
-
Income
550
550
550
550
Total tax
233
239
231
168
After tax
317
311
319
382
Living cost
195
195
195
195
Free-cash
122
116
124
187

Estimated living cost  is $195 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$179
$113
$51
$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
-
-
-
550
income
-
-
-
57
pensions
-
-
-
110
health
-
-
-
71
total
-
-
-
238
Employee
306
-
411
-
income
34
-
66
-
pensions
6
-
8
-
unemployment
5
-
7
-
total
45
-
81
-
Employer
306
-
411
-
unemployment
2
-
3
-
pensions
61
-
82
-
health
40
-
53
-
total
103
-
138
-
Corporate
140
550
-
-
income
28
110
-
-
total
28
110
-
-
Dividends
112
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
176
110
219
238
After tax
374
440
331
312
Living cost
261
261
261
261
Free-cash
113
179
70
51

Estimated living cost  is $261 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-$191
$9
$144
$55
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
-
-
-
550
accident
-
-
-
3
income
-
-
-
95
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
170
Employee
371
-
457
-
health
42
-
52
-
income
51
-
63
-
pensions
42
-
51
-
total
135
-
166
-
Employer
371
-
457
-
accident
6
-
8
-
unemployment
9
-
11
-
pensions
60
-
74
-
total
75
-
93
-
Corporate
104
550
-
-
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.

93
495
-
-
total
93
495
-
-
Dividends
10
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
305
505
259
170
After tax
245
45
291
380
Living cost
236
236
236
236
Free-cash
9
-191
55
144

Estimated living cost  is $236 per week

$173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$424
$406
$446
$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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
123
-
550
-
income
25
-
110
-
total
25
-
110
-
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%.

427
550
-
-
total
-
-
-
-
Dividends
427
550
-
-
withholding
21
28
-
-
total
21
28
-
-
Income
550
550
550
550
Total tax
46
28
110
6
After tax
504
522
440
544
Living cost
98
98
98
98
Free-cash
406
424
342
446

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
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
$116
$45
$10
$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
-
-
-
550
income
-
-
-
70
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.

-
-
-
132
other
-
-
-
26
health
-
-
-
24
total
-
-
-
252
Employee
392
-
439
-
health
5
-
6
-
income
67
-
76
-
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.

27
-
31
-
unemployment
4
-
4
-
total
103
-
117
-
Employer
392
-
439
-
accident
3
-
4
-
other
20
-
22
-
unemployment
4
-
4
-
pensions

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

67
-
75
-
health
5
-
6
-
total
99
-
111
-
Corporate
59
550
-
-
income
12
116
-
-
total
12
116
-
-
Dividends
47
434
-
-
withholding
3
30
-
-
total
3
30
-
-
Income
550
550
550
550
Total tax
217
146
228
252
After tax
333
404
322
298
Living cost
288
288
288
288
Free-cash
45
116
34
10

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Bratislava model

Close
London , United Kingdom
-$313
-$618
-$311
-$364
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
-
-
-
550
income
-
-
-
104
pensions
-
-
-
31
total
-
-
-
135
Employee
1 028
-
493
-
health
17
-
6
-
income
185
-
90
-
pensions
99
-
35
-
total
301
-
131
-
Employer
1 028
-
493
-
pensions
121
-
48
-
health
20
-
9
-
total
141
-
57
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
442
137
188
135
After tax
108
413
362
415
Living cost
726
726
726
726
Free-cash
-618
-313
-364
-311

Estimated living cost  is $726 per week

$544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$328
$278
$225
$233
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
-
-
-
550
income
-
-
-
82
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
183
Employee
187
-
476
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
48
-
pensions

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

16
-
33
-
total
46
-
102
-
Employer
187
-
476
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
326
550
-
-
income
33
55
-
-
total
33
55
-
-
Dividends
293
495
-
-
withholding
15
25
-
-
total
15
25
-
-
Income
550
550
550
550
Total tax
131
80
176
183
After tax
419
470
374
367
Living cost
142
142
142
142
Free-cash
278
328
233
225

Estimated living cost  is $142 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-$606
-$626
-$282
-$667
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
-
-
-
550
income
-
-
-
51
pensions
-
-
-
99
health
-
-
-
84
total
-
-
-
234
Employee
1 001
922
922
-
health
125
120
141
-
income

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

151
151
151
-
pensions
126
126
166
-
total
402
397
458
-
Employer
1 001
922
922
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
70
64
64
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
578
558
619
234
After tax
-28
-8
-69
316
Living cost
598
598
598
598
Free-cash
-626
-606
-667
-282

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$120
$29
$10
$21
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
-
-
-
550
income
-
-
-
47
health
-
-
-
74
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
total
-
-
-
282
Employee
379
-
410
-
social contributions
25
-
27
-
health
51
-
55
-
solidarity contribution
-
-
-
-
income
45
-
49
-
total
121
-
131
-
Employer
379
-
410
-
social contributions
95
-
103
-
health
34
-
37
-
total
129
-
140
-
Corporate
42
550
-
-
income
8
105
-
-
total
8
105
-
-
Dividends
34
445
-
-
withholding
5
67
-
-
total
5
67
-
-
Income
550
550
550
550
Total tax
263
172
271
282
After tax
287
378
279
268
Living cost
258
258
258
258
Free-cash
29
120
21
10

Estimated living cost  is $258 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$161
-$408
-$152
-$184
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
-
-
-
550
municipal
-
-
-
3
regional
-
-
-
5
national
-
-
-
98
social contributions
-
-
-
141
total
-
-
-
247
Employee
959
-
550
-
social contributions
323
-
185
-
regional
9
-
5
-
municipal
5
-
3
-
national
166
-
86
-
total
503
-
279
-
Employer
959
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
21
-
-
total
-
153
-
-
Dividends
-
397
-
-
withholding
-
103
-
-
total
-
103
-
-
Income
550
550
550
550
Total tax
503
256
279
247
After tax
47
294
271
303
Living cost
455
455
455
455
Free-cash
-408
-161
-184
-152

Estimated living cost  is $455 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$108
$74
$78
$63
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
-
-
-
550
income
-
-
-
80
pensions
-
-
-
110
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
39
surtax
-
-
-
3
total
-
-
-
234
Employee
357
-
454
-
other
-
-
-
-
health
9
-
12
-
surtax
1
-
3
-
income
60
-
76
-
pensions
24
-
30
-
unemployment
25
-
32
-
total
119
-
153
-
Employer
357
-
454
-
other
-
-
-
-
unemployment
11
-
14
-
pensions
48
-
61
-
health
16
-
21
-
total
75
-
96
-
Corporate
118
550
-
-
income
31
143
-
-
total
31
143
-
-
Dividends
87
407
-
-
withholding
13
61
-
-
total
13
61
-
-
Income
550
550
550
550
Total tax
238
204
249
234
After tax
312
346
301
316
Living cost
238
238
238
238
Free-cash
74
108
63
78

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$83
-$226
-$81
-$134
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
-
-
-
550
income
-
-
-
104
pensions
-
-
-
31
total
-
-
-
135
Employee
689
-
493
-
health
10
-
6
-
income
124
-
90
-
pensions
58
-
35
-
total
192
-
131
-
Employer
689
-
493
-
pensions
75
-
48
-
health
13
-
9
-
total
88
-
57
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
280
137
188
135
After tax
270
413
362
415
Living cost
496
496
496
496
Free-cash
-226
-83
-134
-81

Estimated living cost  is $496 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$572
-$507
-$358
-$385
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
-
-
-
550
city
-
-
-
6
pensions
-
-
-
51
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.

-
-
-
11
regional
-
-
-
11
health
-
-
-
3
national
-
-
-
1
total
-
-
-
83
Employee
965
-
491
-
city
10
-
5
-
regional
32
-
9
-
health
2
-
1
-
pensions
81
-
42
-
unemployment
-
-
-
-
national
5
-
1
-
total
130
-
58
-
Employer
965
-
491
-
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
-
10
-
unemployment
-
-
-
-
pensions
81
-
42
-
health
2
-
1
-
total
102
-
53
-
Corporate
-
550
-
-
regional
-
116
-
-
national
-
47
-
-
total
-
163
-
-
Dividends
-
387
-
-
withholding
-
135
-
-
total
-
135
-
-
Income
550
550
550
550
Total tax
232
298
111
83
After tax
318
252
439
467
Living cost
825
825
825
825
Free-cash
-507
-572
-385
-358

Estimated living cost  is $825 per week

$536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$204
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
-$219
-$98
-$77
-$69
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.

-
-
-
550
trade
-
-
-
8
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
health

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

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

-
-
-
74
surtax

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

-
-
-
3
total
-
-
-
133
Employee

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

649
-
550
-
health

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

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

74
-
74
-
surtax

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

4
-
3
-
income

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

76
-
48
-
total
154
-
125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
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
-
-
income
-
82
-
-
trade
-
94
-
-
chamber of commerce
-
2
-
-
total
-
183
-
-
Dividends
-
366
-
-
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
-
87
-
-
total
-
92
-
-
Income
550
550
550
550
Total tax
154
275
125
133
After tax
396
275
425
417
Living cost
494
494
494
494
Free-cash
-98
-219
-69
-77

Estimated living cost  is $494 per week

$361
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 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
-$92
-$55
-$38
-$30
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
21
pensions
-
-
-
160
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
219
Employee
462
-
419
-
social contributions
13
-
12
-
surtax
-
-
-
-
income
27
-
22
-
pensions
52
-
47
-
total
92
-
81
-
Employer
462
-
419
-
other
16
-
14
-
social contributions
1
-
1
-
unemployment
19
-
17
-
pensions
76
-
69
-
health
32
-
29
-
total
144
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
withholding
-
51
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
236
273
211
219
After tax
314
277
339
331
Living cost
369
369
369
369
Free-cash
-55
-92
-30
-38

Estimated living cost  is $369 per week

$233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-$56
$4
-$2
$6
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
-
-
-
550
income
-
-
-
21
pensions
-
-
-
160
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
219
Employee
412
-
419
-
social contributions
12
-
12
-
surtax
-
-
-
-
income
21
-
22
-
pensions
47
-
47
-
total
80
-
81
-
Employer
412
-
419
-
other
14
-
14
-
social contributions
1
-
1
-
unemployment
17
-
17
-
pensions
68
-
69
-
health
29
-
29
-
total
129
-
130
-
Corporate
9
550
-
-
surtax
-
-
-
-
income
2
154
-
-
total
2
154
-
-
Dividends
6
396
-
-
surtax
-
-
-
-
social contributions
1
68
-
-
withholding
1
51
-
-
total
2
119
-
-
Income
550
550
550
550
Total tax
213
273
211
219
After tax
337
277
339
331
Living cost
333
333
333
333
Free-cash
4
-56
6
-2

Estimated living cost  is $333 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$107
$112
$125
$104
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
-
-
-
550
income
-
-
-
82
health
-
-
-
38
social contributions
-
-
-
76
total
-
-
-
196
Employee
366
-
550
-
social contributions
51
-
76
-
health
26
-
38
-
income
61
-
103
-
total
138
-
217
-
Employer
366
-
550
-
total
-
-
-
-
Corporate
184
550
-
-
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%.

9
28
-
-
total
9
28
-
-
Dividends
175
522
-
-
health
12
36
-
-
social contributions
24
72
-
-
withholding
26
78
-
-
total
62
186
-
-
Income
550
550
550
550
Total tax
209
214
217
196
After tax
341
336
333
354
Living cost
229
229
229
229
Free-cash
112
107
104
125

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$76
-$155
-$73
-$160
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
-
-
-
550
chamber of commerce
-
-
-
2
income
-
-
-
29
pensions
-
-
-
102
unemployment
-
-
-
66
health
-
-
-
42
surtax
-
-
-
2
total
-
-
-
243
Employee
539
430
430
-
other
5
4
4
-
health
21
17
16
-
income
61
32
32
-
pensions
55
44
44
-
unemployment
16
13
13
-
total
158
110
109
-
Employer
539
430
430
-
accident
7
6
6
-
other
26
20
20
-
chamber of commerce
2
2
2
-
unemployment
16
13
13
-
surtax
2
2
2
-
pensions
68
54
53
-
payroll
16
13
13
-
health
20
16
16
-
total
157
126
125
-
Corporate
41
41
384
-
income

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

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

10
10
96
-
total
10
10
96
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
325
246
330
243
After tax
225
304
220
307
Living cost
380
380
380
380
Free-cash
-155
-76
-160
-73

Estimated living cost  is $380 per week

$254
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$82
-$445
-$87
-$152
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
-
-
-
550
national
-
-
-
157
communal

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

-
-
-
30
social contributions
-
-
-
57
total
-
-
-
244
Employee

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

772
-
426
-
communal

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

40
-
22
-
health

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

36
-
20
-
pensions

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

58
-
32
-
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
-
4
-
national
237
-
107
-
total
378
-
185
-
Employer

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

772
-
426
-
accident

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

10
-
6
-
unemployment

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

11
-
6
-
surtax
88
-
48
-
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.

68
-
38
-
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.

47
-
26
-
total
224
-
124
-
Corporate
-
550
-
-
surtax
-
2
-
-
income
-
110
-
-
total
-
112
-
-
Dividends
-
438
-
-
withholding

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

-
127
-
-
total
-
127
-
-
Income
550
550
550
550
Total tax
602
239
309
244
After tax
-52
311
241
306
Living cost
393
393
393
393
Free-cash
-445
-82
-152
-87

Estimated living cost  is $393 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
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
-$18
-$159
-$86
-$79
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
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
537
-
417
-
other
1
-
-
-
income
113
-
81
-
pensions
25
-
20
-
unemployment
8
-
6
-
total
147
-
107
-
Employer
537
-
417
-
accident
11
-
8
-
other
4
-
3
-
unemployment
30
-
23
-
pensions
127
-
98
-
total
172
-
132
-
Corporate
-
550
-
-
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.

-
82
-
-
total
-
82
-
-
Dividends
-
468
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
319
178
239
246
After tax
231
372
311
304
Living cost
390
390
390
390
Free-cash
-159
-18
-79
-86

Estimated living cost  is $390 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Barcelona model

Close
Luxembourg , Luxembourg
-$240
-$363
-$217
-$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
accident
-
-
-
5
income
-
-
-
18
pensions
-
-
-
88
health
-
-
-
41
surtax
-
-
-
29
communal
-
-
-
-
total
-
-
-
181
Employee
817
-
489
-
health
36
-
23
-
surtax
50
-
30
-
income
79
-
19
-
pensions
65
-
41
-
total
230
-
113
-
Employer
817
-
489
-
accident
7
-
5
-
pensions
65
-
41
-
health
25
-
16
-
total
97
-
62
-
Corporate
-
550
-
-
surtax
-
6
-
-
communal
-
37
-
-
income
-
82
-
-
total
-
125
-
-
Dividends
-
425
-
-
income
-
15
-
-
withholding
-
64
-
-
total
-
79
-
-
Income
550
550
550
550
Total tax
327
204
175
181
After tax
223
346
375
369
Living cost
586
586
586
586
Free-cash
-363
-240
-211
-217

Estimated living cost  is $586 per week

$440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$104
$70
$74
$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
-
-
-
550
income
-
-
-
80
pensions
-
-
-
110
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
39
surtax
-
-
-
3
total
-
-
-
234
Employee
363
-
454
-
other
-
-
-
-
health
9
-
12
-
surtax
1
-
3
-
income
61
-
76
-
pensions
24
-
30
-
unemployment
25
-
32
-
total
120
-
153
-
Employer
363
-
454
-
other
-
-
-
-
unemployment
12
-
14
-
pensions
48
-
61
-
health
17
-
21
-
total
77
-
96
-
Corporate
110
550
-
-
income
29
143
-
-
total
29
143
-
-
Dividends
81
407
-
-
withholding
12
61
-
-
total
12
61
-
-
Income
550
550
550
550
Total tax
238
204
249
234
After tax
312
346
301
316
Living cost
242
242
242
242
Free-cash
70
104
59
74

Estimated living cost  is $242 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
-$2
-$49
$9
-$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
-
-
-
550
municipal
-
-
-
3
regional
-
-
-
8
national
-
-
-
98
social contributions
-
-
-
141
total
-
-
-
250
Employee
599
-
550
-
social contributions
202
-
185
-
regional
8
-
7
-
municipal
3
-
3
-
national
95
-
86
-
total
308
-
281
-
Employer
599
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
391
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
308
261
281
250
After tax
242
289
269
300
Living cost
291
291
291
291
Free-cash
-49
-2
-22
9

Estimated living cost  is $291 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Naples model

Close
Prague , Czech Republic
$60
-$76
-$50
-$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
-
-
-
550
income
-
-
-
47
health
-
-
-
74
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
total
-
-
-
282
Employee
467
-
410
-
social contributions
30
-
27
-
health
63
-
55
-
solidarity contribution
-
-
-
-
income
56
-
49
-
total
149
-
131
-
Employer
467
-
410
-
social contributions
117
-
103
-
health
42
-
37
-
total
159
-
140
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
308
172
271
282
After tax
242
378
279
268
Living cost
318
318
318
318
Free-cash
-76
60
-39
-50

Estimated living cost  is $318 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Prague model

Close
Graz , Austria
-$38
-$66
-$35
-$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
-
-
-
550
chamber of commerce
-
-
-
2
income
-
-
-
29
pensions
-
-
-
102
unemployment
-
-
-
66
health
-
-
-
42
surtax
-
-
-
-
total
-
-
-
241
Employee
472
430
430
-
other
5
4
4
-
health
18
17
17
-
income
42
32
32
-
pensions
48
44
44
-
unemployment
14
13
13
-
total
127
110
110
-
Employer
472
430
430
-
accident
6
6
6
-
other
22
20
20
-
chamber of commerce
2
2
2
-
unemployment
14
13
13
-
surtax
-
-
-
-
pensions
59
54
54
-
payroll
14
13
13
-
health
18
16
16
-
total
135
124
124
-
Corporate
41
41
386
-
income

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

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

10
10
96
-
total
10
10
96
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
272
244
330
241
After tax
278
306
220
309
Living cost
344
344
344
344
Free-cash
-66
-38
-124
-35

Estimated living cost  is $344 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Graz model

Close
Tbilisi , Georgia
$369
$341
$391
$287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
192
-
550
-
income
38
-
110
-
total
38
-
110
-
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%.

358
550
-
-
total
-
-
-
-
Dividends
358
550
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
550
550
550
550
Total tax
56
28
110
6
After tax
494
522
440
544
Living cost
153
153
153
153
Free-cash
341
369
287
391

Estimated living cost  is $153 per week

$104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$89
-$1
$18
-$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

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.

-
-
-
550
income
-
-
-
88
pensions
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
total
-
-
-
243
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.

477
-
476
-
health
31
-
31
-
income
82
-
82
-
pensions
74
-
74
-
unemployment
1
-
1
-
total
188
-
188
-
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.

477
-
476
-
unemployment
-
-
-
-
pensions
42
-
42
-
health
32
-
32
-
total
74
-
74
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
262
172
262
243
After tax
288
378
288
307
Living cost
289
289
289
289
Free-cash
-1
89
-1
18

Estimated living cost  is $289 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-$131
-$1061
-$86
-$58
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
107
social contributions
-
-
-
63
total
-
-
-
170
Employee
668
-
-
-
social contributions
55
-
8
-
income
147
-
-
-
total
202
-
8
-
Employer
668
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
income
-
94
-
-
total
-
94
-
-
Income
550
550
550
550
Total tax
1 145
215
142
170
After tax
-595
335
408
380
Living cost
466
466
466
466
Free-cash
-1 061
-131
-58
-86

Estimated living cost  is $466 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-$27
-$65
-$19
-$32
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
550
income
-
-
-
39
surtax
-
-
-
-
social contributions

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

-
-
-
191
total
-
-
-
230
Employee
496
-
444
-
social contributions
55
-
49
-
surtax
-
-
-
-
income
103
-
88
-
total
158
-
137
-
Employer
496
-
444
-
social contributions
118
-
106
-
total
118
-
106
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
116
-
-
total
-
116
-
-
Dividends
-
434
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
550
550
550
550
Total tax
276
238
243
230
After tax
274
312
307
320
Living cost
339
339
339
339
Free-cash
-65
-27
-32
-19

Estimated living cost  is $339 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$244
-$335
-$190
-$182
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
-
-
-
550
income
-
-
-
21
pensions
-
-
-
160
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
219
Employee
676
-
419
-
social contributions
19
-
12
-
surtax
-
-
-
-
income
59
-
22
-
pensions
76
-
47
-
total
154
-
81
-
Employer
676
-
419
-
other
23
-
14
-
social contributions
2
-
1
-
unemployment
27
-
17
-
pensions
111
-
69
-
health
47
-
29
-
total
210
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
withholding
-
51
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
364
273
211
219
After tax
186
277
339
331
Living cost
521
521
521
521
Free-cash
-335
-244
-182
-190

Estimated living cost  is $521 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$171
$134
$105
$121
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
-
-
-
550
income
-
-
-
-
social contributions
-
-
-
121
total
-
-
-
121
Employee
347
-
476
-
income
-
-
-
-
social contributions
23
-
31
-
total
23
-
31
-
Employer
347
-
476
-
social contributions
54
-
74
-
total
54
-
74
-
Corporate
149
550
-
-
income
15
55
-
-
total
15
55
-
-
Dividends
134
495
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
92
55
105
121
After tax
458
495
445
429
Living cost
324
324
324
324
Free-cash
134
171
121
105

Estimated living cost  is $324 per week

$210
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1800
-$1800
-$158
-$1800
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
-
-
-
550
municipal
-
-
-
86
pensions
-
-
-
9
national
-
-
-
50
labour market
-
-
-
43
total
-
-
-
188
Employee
2 193
2 193
2 193
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 193
2 193
2 193
-
labour market
175
175
175
-
municipal
468
468
468
-
pensions
6
6
6
-
national
268
268
268
-
total
917
917
917
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
1 830
1 830
1 830
188
After tax
-1 280
-1 280
-1 280
362
Living cost
520
520
520
520
Free-cash
-1 800
-1 800
-1 800
-158

Estimated living cost  is $520 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$187
$10
$148
$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
-
-
-
550
accident
-
-
-
3
income
-
-
-
95
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
170
Employee
365
-
457
-
health
42
-
52
-
income
50
-
63
-
pensions
41
-
51
-
total
133
-
166
-
Employer
365
-
457
-
accident
6
-
8
-
unemployment
9
-
11
-
pensions
59
-
74
-
total
74
-
93
-
Corporate
110
550
-
-
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.

99
495
-
-
total
99
495
-
-
Dividends
11
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
308
505
259
170
After tax
242
45
291
380
Living cost
232
232
232
232
Free-cash
10
-187
59
148

Estimated living cost  is $232 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-$33
-$125
$22
-$72
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

-
-
-
550
municipal
-
-
-
98
health
-
-
-
4
national
-
-
-
12
total
-
-
-
114
Employee
568
-
463
-
health
4
-
3
-
municipal
93
-
76
-
pensions
38
-
31
-
unemployment
9
-
7
-
national
9
-
4
-
total
153
-
121
-
Employer
568
-
463
-
accident
1
-
-
-
unemployment
4
-
3
-
pensions
99
-
80
-
health
4
-
4
-
total
108
-
87
-
Corporate
-
550
-
-
income
-
110
-
-
total
-
110
-
-
Dividends

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

-
330
-
-
national
-
-
-
-
municipal
-
59
-
-
total
-
59
-
-
Income
550
550
550
550
Total tax
261
169
208
114
After tax
289
381
342
436
Living cost
414
414
414
414
Free-cash
-125
-33
-72
22

Estimated living cost  is $414 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$56
$98
$190
$114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
10
health
-
-
-
14
social contributions
-
-
-
86
total
-
-
-
110
Employee
830
830
830
-
social contributions
31
69
41
-
health
6
14
8
-
income
90
77
87
-
total
127
160
136
-
Employer
830
830
830
-
social contributions
31
69
41
-
health
7
15
9
-
total
38
84
50
-
Corporate
134
-
-
-
income
17
-
-
-
total
17
-
-
-
Dividends
117
-
-
-
withholding
20
-
-
-
total
20
-
-
-
Income
550
550
550
550
Total tax
202
244
186
110
After tax
348
306
364
440
Living cost
250
250
250
250
Free-cash
98
56
114
190

Estimated living cost  is $250 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$285
$229
$226
$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

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
-
-
-
550
income
-
-
-
45
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
153
Employee

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

248
-
499
-
health
21
-
42
-
income
17
-
38
-
pensions
37
-
75
-
unemployment
1
-
2
-
total
76
-
157
-
Employer

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

248
-
499
-
unemployment
1
-
2
-
pensions
14
-
27
-
health
11
-
21
-
total
26
-
50
-
Corporate
277
550
-
-
income
25
49
-
-
total
25
49
-
-
Dividends
252
501
-
-
withholding
23
45
-
-
total
23
45
-
-
Income
550
550
550
550
Total tax
150
94
207
153
After tax
400
456
343
397
Living cost
171
171
171
171
Free-cash
229
285
172
226

Estimated living cost  is $171 per week

$109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$75
$16
$7
$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
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
399
-
417
-
other
-
-
-
-
income
77
-
81
-
pensions
19
-
20
-
unemployment
6
-
6
-
total
102
-
107
-
Employer
399
-
417
-
accident
8
-
8
-
other
3
-
3
-
unemployment
22
-
23
-
pensions
94
-
98
-
total
127
-
132
-
Corporate
24
550
-
-
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.

4
82
-
-
total
4
82
-
-
Dividends
20
468
-
-
withholding
4
96
-
-
total
4
96
-
-
Income
550
550
550
550
Total tax
237
178
239
246
After tax
313
372
311
304
Living cost
297
297
297
297
Free-cash
16
75
14
7

Estimated living cost  is $297 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$313
$309
$309
$308
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
-
-
-
550
income
-
-
-
173
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
211
Employee
45
-
526
-
health
2
-
5
-
income
9
-
172
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
188
-
Employer
45
-
526
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
495
550
-
-
income
109
121
-
-
total
109
121
-
-
Dividends
386
429
-
-
withholding
77
86
-
-
total
77
86
-
-
Income
550
550
550
550
Total tax
211
207
212
211
After tax
339
343
338
339
Living cost
30
30
30
30
Free-cash
309
313
308
309

Estimated living cost  is $30 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$210
$158
$88
$112
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.

-
-
-
550
income
-
-
-
68
pensions
-
-
-
143
unemployment
-
-
-
8
health
-
-
-
57
total
-
-
-
276
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.

281
-
466
-
health
14
-
24
-
income
39
-
76
-
pensions
39
-
65
-
unemployment
2
-
3
-
total
94
-
168
-
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.

281
-
466
-
unemployment
2
-
3
-
pensions
34
-
56
-
health
14
-
24
-
total
50
-
83
-
Corporate
218
550
-
-
income
33
83
-
-
total
33
83
-
-
Dividends
186
467
-
-
withholding
28
70
-
-
total
28
70
-
-
Income
550
550
550
550
Total tax
205
153
251
276
After tax
345
397
299
274
Living cost
186
186
186
186
Free-cash
158
210
112
88

Estimated living cost  is $186 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$21
$18
$29
$16
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.

-
-
-
550
income
-
-
-
39
surtax
-
-
-
-
social contributions

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

-
-
-
191
total
-
-
-
230
Employee
419
-
444
-
social contributions
46
-
49
-
surtax
-
-
-
-
income
82
-
88
-
total
128
-
137
-
Employer
419
-
444
-
social contributions
99
-
106
-
total
99
-
106
-
Corporate
32
550
-
-
surtax
-
-
-
-
income
7
116
-
-
total
7
116
-
-
Dividends
25
434
-
-
withholding
7
122
-
-
total
7
122
-
-
Income
550
550
550
550
Total tax
241
238
243
230
After tax
309
312
307
320
Living cost
291
291
291
291
Free-cash
18
21
16
29

Estimated living cost  is $291 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$7
-$137
-$75
-$68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
521
-
417
-
other
1
-
-
-
income
109
-
81
-
pensions
24
-
20
-
unemployment
8
-
6
-
total
142
-
107
-
Employer
521
-
417
-
accident
10
-
8
-
other
4
-
3
-
unemployment
29
-
23
-
pensions
123
-
98
-
total
166
-
132
-
Corporate
-
550
-
-
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.

-
82
-
-
total
-
82
-
-
Dividends
-
468
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
308
178
239
246
After tax
242
372
311
304
Living cost
379
379
379
379
Free-cash
-137
-7
-68
-75

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$284
$217
$181
$188
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
-
-
-
550
income
-
-
-
82
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
183
Employee
246
-
476
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
48
-
pensions

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

22
-
33
-
total
61
-
102
-
Employer
246
-
476
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
256
550
-
-
income
26
55
-
-
total
26
55
-
-
Dividends
230
495
-
-
withholding
12
25
-
-
total
12
25
-
-
Income
550
550
550
550
Total tax
147
80
176
183
After tax
403
470
374
367
Living cost
186
186
186
186
Free-cash
217
284
188
181

Estimated living cost  is $186 per week

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

Source of data for Sofia model

Close
Berlin , Germany
-$131
$7
$1
$8
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.

-
-
-
550
trade
-
-
-
7
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
health

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

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

-
-
-
74
surtax

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

-
-
-
3
total
-
-
-
132
Employee

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

537
-
550
-
health

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

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

74
-
74
-
surtax

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

2
-
3
-
income

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

44
-
48
-
total
120
-
125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13
550
-
-
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
-
-
income
2
82
-
-
trade
2
79
-
-
chamber of commerce
2
2
-
-
total
6
168
-
-
Dividends
7
382
-
-
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
-
91
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
126
264
125
132
After tax
424
286
425
418
Living cost
417
417
417
417
Free-cash
7
-131
8
1

Estimated living cost  is $417 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$230
-$294
-$179
-$179
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
-
-
-
550
income
-
-
-
76
social contributions
-
-
-
38
total
-
-
-
114
Employee
844
-
550
-
income
159
-
76
-
social contributions
70
-
38
-
total
229
-
114
-
Employer
844
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
income
-
69
-
-
total
-
69
-
-
Dividends
-
481
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
229
165
114
114
After tax
321
385
436
436
Living cost
615
615
615
615
Free-cash
-294
-230
-179
-179

Estimated living cost  is $615 per week

$468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$88
-$30
-$221
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
550
income
-
-
-
307
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
-
-
-
379
Employee
495
-
500
-
income
54
-
55
-
social contributions
50
-
50
-
total
104
-
105
-
Employer
495
-
500
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
5
550
-
-
income
2
192
-
-
total
2
192
-
-
Dividends
3
358
-
-
social contributions
32
54
-
-
total
32
54
-
-
Income
550
550
550
550
Total tax
188
246
155
379
After tax
362
304
395
171
Living cost
392
392
392
392
Free-cash
-30
-88
3
-221

Estimated living cost  is $392 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$10
-$70
$12
-$41
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
-
-
-
550
income
-
-
-
104
pensions
-
-
-
31
total
-
-
-
135
Employee
554
-
493
-
health
7
-
6
-
income
101
-
90
-
pensions
42
-
35
-
total
150
-
131
-
Employer
554
-
493
-
pensions
56
-
48
-
health
11
-
9
-
total
67
-
57
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
217
137
188
135
After tax
333
413
362
415
Living cost
403
403
403
403
Free-cash
-70
10
-41
12

Estimated living cost  is $403 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$210
$6
$125
$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
-
-
-
550
accident
-
-
-
3
income
-
-
-
95
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
170
Employee
401
-
457
-
health
46
-
52
-
income
55
-
63
-
pensions
45
-
51
-
total
146
-
166
-
Employer
401
-
457
-
accident
7
-
8
-
unemployment
10
-
11
-
pensions
65
-
74
-
total
82
-
93
-
Corporate
67
550
-
-
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.

60
495
-
-
total
60
495
-
-
Dividends
7
55
-
-
withholding
1
10
-
-
total
1
10
-
-
Income
550
550
550
550
Total tax
289
505
259
170
After tax
261
45
291
380
Living cost
255
255
255
255
Free-cash
6
-210
36
125

Estimated living cost  is $255 per week

$187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$322
$270
$183
$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

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.

-
-
-
550
work injury
-
-
-
3
health insurance
-
-
-
41
income
-
-
-
70
pensions
-
-
-
101
unemployment
-
-
-
7
total
-
-
-
222
Employee

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

233
-
550
-
work injury
1
-
3
-
income
23
-
70
-
pensions
43
-
101
-
health insurance
17
-
41
-
unemployment
3
-
7
-
total
87
-
222
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
317
550
-
-
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
317
550
-
-
withholding
48
83
-
-
total
48
83
-
-
Income
550
550
550
550
Total tax
135
83
222
222
After tax
415
467
328
328
Living cost
145
145
145
145
Free-cash
270
322
183
183

Estimated living cost  is $145 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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-$141
-$360
-$131
-$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
-
-
-
550
municipal
-
-
-
4
regional
-
-
-
8
national
-
-
-
98
social contributions
-
-
-
141
total
-
-
-
251
Employee
909
-
550
-
social contributions
307
-
185
-
regional
14
-
7
-
municipal
5
-
3
-
national
154
-
86
-
total
480
-
281
-
Employer
909
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
392
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
480
261
281
251
After tax
70
289
269
299
Living cost
430
430
430
430
Free-cash
-360
-141
-161
-131

Estimated living cost  is $430 per week

$302
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
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