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

Valencia , Spain
$6
$0
$66
$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
-
-
-
550
income
-
-
-
79
accident
-
-
-
5
unemployment
-
-
-
4
pensions
-
-
-
156
other
-
-
-
1
total
-
-
-
245
Employee
410
-
417
-
other
-
-
-
-
income
79
-
81
-
unemployment
6
-
6
-
pensions
19
-
20
-
total
104
-
107
-
Employer
410
-
417
-
unemployment
23
-
23
-
pensions
97
-
98
-
other
3
-
3
-
accident
8
-
8
-
total
131
-
132
-
Corporate
9
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.

1
83
-
-
total
1
83
-
-
Dividends
8
467
-
-
withholding
1
96
-
-
total
1
96
-
-
Income
550
550
550
550
Total tax
237
179
239
245
After tax
313
371
311
305
Living cost
305
305
305
305
Free-cash
8
66
6
-

Estimated living cost  is $305 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$26
$2
$109
$33
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
70
health
-
-
-
24
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
total
-
-
-
252
Employee
403
-
439
-
income
69
-
76
-
health
6
-
6
-
unemployment
4
-
4
-
pensions

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

28
-
31
-
total
107
-
117
-
Employer
403
-
439
-
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.

68
-
75
-
other
20
-
22
-
accident
3
-
4
-
health
6
-
6
-
total
101
-
111
-
Corporate
46
550
-
-
income
10
115
-
-
total
10
115
-
-
Dividends
36
435
-
-
withholding
3
30
-
-
total
3
30
-
-
Income
550
550
550
550
Total tax
221
145
228
252
After tax
329
405
322
298
Living cost
296
296
296
296
Free-cash
33
109
26
2

Estimated living cost  is $296 per week

$209
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$226
$219
$325
$275
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
-
-
-
45
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
186
Employee
193
-
474
-
income
19
-
47
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
103
-
Employer
193
-
474
-
unemployment
1
-
2
-
pensions

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

21
-
43
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
76
-
Corporate
320
550
-
-
income
32
55
-
-
total
32
55
-
-
Dividends
288
495
-
-
withholding
14
25
-
-
total
14
25
-
-
Income
550
550
550
550
Total tax
130
80
179
186
After tax
420
470
371
364
Living cost
145
145
145
145
Free-cash
275
325
226
219

Estimated living cost  is $145 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$40
-$49
-$103
-$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
20
social contributions
-
-
-
16
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
161
other
-
-
-
17
total
-
-
-
219
Employee
475
-
419
-
income
28
-
21
-
social contributions
14
-
12
-
surtax
-
-
-
-
pensions
54
-
47
-
total
96
-
80
-
Employer
475
-
419
-
unemployment
19
-
17
-
social contributions
1
-
1
-
pensions
78
-
69
-
other
16
-
14
-
health
33
-
29
-
total
147
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
243
273
210
219
After tax
307
277
340
331
Living cost
380
380
380
380
Free-cash
-73
-103
-40
-49

Estimated living cost  is $380 per week

$239
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-$552
-$149
-$490
-$552
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
health
-
-
-
84
pensions
-
-
-
99
total
-
-
-
234
Employee
947
947
947
-
income

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

155
155
155
-
health
145
124
145
-
pensions
171
130
171
-
total
471
409
471
-
Employer
947
947
947
-
unemployment
34
34
34
-
pensions
66
66
66
-
health
66
66
66
-
total
166
166
166
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
637
575
637
234
After tax
-87
-25
-87
316
Living cost
465
465
465
465
Free-cash
-552
-490
-552
-149

Estimated living cost  is $465 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$91
$86
-$57
$65
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
income

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

-
-
-
45
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.

-
-
-
76
trade
-
-
-
5
surtax

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

-
-
-
2
total
-
-
-
128
Employee

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

424
-
550
-
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
-
45
-
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.

76
-
76
-
surtax

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

1
-
2
-
total
89
-
123
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
126
550
-
-
chamber of commerce
2
2
-
-
income
19
83
-
-
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
-
-
trade
20
87
-
-
total
42
177
-
-
Dividends
84
374
-
-
withholding
17
89
-
-
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
-
-
total
18
94
-
-
Income
550
550
550
550
Total tax
149
271
123
128
After tax
401
279
427
422
Living cost
336
336
336
336
Free-cash
65
-57
91
86

Estimated living cost  is $336 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
$104
$185
$41
$89
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
-
-
-
8
social contributions
-
-
-
86
health
-
-
-
14
total
-
-
-
108
Employee
853
853
853
-
income
93
79
90
-
social contributions
32
71
41
-
health
7
15
8
-
total
132
165
139
-
Employer
853
853
853
-
social contributions
32
71
41
-
health
7
16
9
-
total
39
87
50
-
Corporate
122
-
-
-
income
15
-
-
-
total
15
-
-
-
Dividends
107
-
-
-
withholding
18
-
-
-
total
18
-
-
-
Income
550
550
550
550
Total tax
204
252
189
108
After tax
346
298
361
442
Living cost
257
257
257
257
Free-cash
89
41
104
185

Estimated living cost  is $257 per week

$154
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.
$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
Lisbon , Portugal
-$41
-$27
-$35
-$81
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
-
-
-
38
social contributions

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

-
-
-
191
surtax
-
-
-
-
total
-
-
-
229
Employee
510
-
444
-
income
106
-
88
-
social contributions
56
-
49
-
surtax
-
-
-
-
total
162
-
137
-
Employer
510
-
444
-
social contributions
121
-
106
-
total
121
-
106
-
Corporate
-
550
-
-
income
-
115
-
-
surtax
-
-
-
-
total
-
115
-
-
Dividends
-
435
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
550
550
550
550
Total tax
283
237
243
229
After tax
267
313
307
321
Living cost
348
348
348
348
Free-cash
-81
-35
-41
-27

Estimated living cost  is $348 per week

$260
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.
$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
Batumi , Georgia
$360
$464
$442
$427
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
100
-
550
-
income
20
-
110
-
total
20
-
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%.

450
550
-
-
total
-
-
-
-
Dividends
450
550
-
-
withholding
23
28
-
-
total
23
28
-
-
Income
550
550
550
550
Total tax
43
28
110
6
After tax
507
522
440
544
Living cost
80
80
80
80
Free-cash
427
442
360
464

Estimated living cost  is $80 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
-$10
$9
$80
-$18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

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

491
-
476
-
income
85
-
82
-
health
32
-
31
-
unemployment
1
-
1
-
pensions
76
-
74
-
total
194
-
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.

491
-
476
-
unemployment
-
-
-
-
pensions
43
-
42
-
health
33
-
32
-
total
76
-
74
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
270
172
262
243
After tax
280
378
288
307
Living cost
298
298
298
298
Free-cash
-18
80
-10
9

Estimated living cost  is $298 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Sliema , Malta
-$6
-$241
-$99
-$43
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
-
-
-
316
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
-
-
-
388
Employee
509
-
500
-
social contributions
51
-
50
-
income
55
-
53
-
total
106
-
103
-
Employer
509
-
500
-
social contributions
51
-
50
-
total
51
-
50
-
Corporate
-
550
-
-
income
-
192
-
-
total
-
192
-
-
Dividends
-
358
-
-
social contributions
33
54
-
-
total
33
54
-
-
Income
550
550
550
550
Total tax
190
246
153
388
After tax
360
304
397
162
Living cost
403
403
403
403
Free-cash
-43
-99
-6
-241

Estimated living cost  is $403 per week

$265
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.
$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
Vilnius , Lithuania
$98
$118
$102
$105
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
-
-
-
83
social contributions
-
-
-
76
health
-
-
-
38
total
-
-
-
197
Employee
376
-
550
-
income
63
-
103
-
social contributions
52
-
76
-
health
26
-
38
-
total
141
-
217
-
Employer
376
-
550
-
total
-
-
-
-
Corporate
174
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
27
-
-
total
9
27
-
-
Dividends
165
523
-
-
withholding
25
78
-
-
health
12
36
-
-
social contributions
23
72
-
-
total
60
186
-
-
Income
550
550
550
550
Total tax
210
213
217
197
After tax
340
337
333
353
Living cost
235
235
235
235
Free-cash
105
102
98
118

Estimated living cost  is $235 per week

$157
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.
$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
Prague , Czech Republic
-$22
-$33
$78
-$44
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
social contributions
-
-
-
161
solidarity contribution
-
-
-
-
health
-
-
-
74
total
-
-
-
282
Employee
442
-
410
-
solidarity contribution
-
-
-
-
income
53
-
49
-
social contributions
29
-
27
-
health
60
-
55
-
total
142
-
131
-
Employer
442
-
410
-
social contributions
111
-
103
-
health
40
-
37
-
total
151
-
140
-
Corporate
-
550
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
293
171
271
282
After tax
257
379
279
268
Living cost
301
301
301
301
Free-cash
-44
78
-22
-33

Estimated living cost  is $301 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Tbilisi , Georgia
$316
$420
$398
$375
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
155
-
550
-
income
31
-
110
-
total
31
-
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%.

395
550
-
-
total
-
-
-
-
Dividends
395
550
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
550
550
550
550
Total tax
51
28
110
6
After tax
499
522
440
544
Living cost
124
124
124
124
Free-cash
375
398
316
420

Estimated living cost  is $124 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
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.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
-$196
-$205
-$259
-$363
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
-
-
-
20
social contributions
-
-
-
16
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
161
other
-
-
-
17
total
-
-
-
219
Employee
695
-
419
-
income
61
-
21
-
social contributions
20
-
12
-
surtax
-
-
-
-
pensions
79
-
47
-
total
160
-
80
-
Employer
695
-
419
-
unemployment
28
-
17
-
social contributions
2
-
1
-
pensions
114
-
69
-
other
24
-
14
-
health
49
-
29
-
total
217
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
377
273
210
219
After tax
173
277
340
331
Living cost
536
536
536
536
Free-cash
-363
-259
-196
-205

Estimated living cost  is $536 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$109
$83
$207
$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

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
health
-
-
-
57
unemployment
-
-
-
8
pensions
-
-
-
143
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.

289
-
466
-
income
40
-
75
-
health
15
-
24
-
unemployment
2
-
3
-
pensions
40
-
65
-
total
97
-
167
-
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.

289
-
466
-
unemployment
2
-
3
-
pensions
35
-
56
-
health
15
-
24
-
total
52
-
83
-
Corporate
210
550
-
-
income
31
82
-
-
total
31
82
-
-
Dividends
178
468
-
-
withholding
27
70
-
-
total
27
70
-
-
Income
550
550
550
550
Total tax
207
152
250
276
After tax
343
398
300
274
Living cost
191
191
191
191
Free-cash
152
207
109
83

Estimated living cost  is $191 per week

$129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Zurich , Switzerland
-$334
-$308
-$522
-$442
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
regional
-
-
-
11
national
-
-
-
2
health
-
-
-
3
city
-
-
-
6
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
pensions
-
-
-
51
total
-
-
-
84
Employee
906
-
492
-
regional
30
-
10
-
city
10
-
5
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
1
-
pensions
76
-
41
-
total
122
-
58
-
Employer
906
-
492
-
unemployment
-
-
-
-
pensions
76
-
41
-
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.

18
-
10
-
health
2
-
1
-
total
96
-
52
-
Corporate
-
550
-
-
regional
-
116
-
-
national
-
47
-
-
total
-
163
-
-
Dividends
-
387
-
-
withholding
-
135
-
-
total
-
135
-
-
Income
550
550
550
550
Total tax
218
298
110
84
After tax
332
252
440
466
Living cost
774
774
774
774
Free-cash
-442
-522
-334
-308

Estimated living cost  is $774 per week

$503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
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.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
-$83
$11
-$45
-$144
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
national
-
-
-
11
health
-
-
-
4
total
-
-
-
113
Employee
584
-
463
-
health
4
-
3
-
unemployment
9
-
7
-
national
10
-
3
-
municipal
96
-
76
-
pensions
39
-
31
-
total
158
-
120
-
Employer
584
-
463
-
unemployment
4
-
3
-
pensions
101
-
80
-
accident
1
-
-
-
health
4
-
4
-
total
110
-
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
268
169
207
113
After tax
282
381
343
437
Living cost
426
426
426
426
Free-cash
-144
-45
-83
11

Estimated living cost  is $426 per week

$278
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
-$162
-$96
-$93
-$474
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
-
-
-
156
social contributions
-
-
-
56
communal

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

-
-
-
30
total
-
-
-
242
Employee

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

794
-
426
-
health

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

37
-
20
-
communal

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

41
-
22
-
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
244
-
106
-
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.

60
-
32
-
total
389
-
184
-
Employer

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

794
-
426
-
unemployment

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

12
-
6
-
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.

70
-
38
-
surtax
90
-
48
-
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
-
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.

49
-
26
-
total
231
-
124
-
Corporate
-
550
-
-
income
-
110
-
-
surtax
-
2
-
-
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
620
239
308
242
After tax
-70
311
242
308
Living cost
404
404
404
404
Free-cash
-474
-93
-162
-96

Estimated living cost  is $404 per week

$261
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
-$162
-$180
-$155
-$301
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
national
-
-
-
-
health
-
-
-
34
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
59
other
-
-
-
64
total
-
-
-
275
Employee
649
-
419
-
national
-
-
-
-
municipal
193
-
125
-
total
193
-
125
-
Employer
649
-
419
-
unemployment
17
-
11
-
pensions
70
-
45
-
other
75
-
49
-
accident
1
-
1
-
health
40
-
26
-
total
203
-
132
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
withholding
-
129
-
-
total
-
129
-
-
Income
550
550
550
550
Total tax
396
250
257
275
After tax
154
300
293
275
Living cost
455
455
455
455
Free-cash
-301
-155
-162
-180

Estimated living cost  is $455 per week

$302
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$97
-$116
-$161
-$1165
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
712
-
-
-
income
157
-
-
-
social contributions
58
-
8
-
total
215
-
8
-
Employer
712
-
-
-
social contributions
1 004
-
143
-
total
1 004
-
143
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
income
-
94
-
-
total
-
94
-
-
Income
550
550
550
550
Total tax
1 219
215
151
170
After tax
-669
335
399
380
Living cost
496
496
496
496
Free-cash
-1 165
-161
-97
-116

Estimated living cost  is $496 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$1
$82
-$62
$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
-
-
-
550
income
-
-
-
8
social contributions
-
-
-
86
health
-
-
-
14
total
-
-
-
108
Employee
853
853
853
-
income
90
79
90
-
social contributions
41
71
41
-
health
8
15
8
-
total
139
165
139
-
Employer
853
853
853
-
social contributions
41
71
41
-
health
9
16
9
-
total
50
87
50
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
189
252
189
108
After tax
361
298
361
442
Living cost
360
360
360
360
Free-cash
1
-62
1
82

Estimated living cost  is $360 per week

$246
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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
-$40
$13
$11
-$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
income
-
-
-
104
pensions
-
-
-
31
total
-
-
-
135
Employee
552
-
493
-
income
101
-
90
-
health
7
-
6
-
pensions
42
-
35
-
total
150
-
131
-
Employer
552
-
493
-
pensions
56
-
48
-
health
10
-
9
-
total
66
-
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
216
137
188
135
After tax
334
413
362
415
Living cost
402
402
402
402
Free-cash
-68
11
-40
13

Estimated living cost  is $402 per week

$276
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.
$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

Additional information

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

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

Rome , Italy
-$173
-$143
-$153
-$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
municipal
-
-
-
4
regional
-
-
-
8
national
-
-
-
98
social contributions
-
-
-
141
total
-
-
-
251
Employee
935
-
550
-
regional
14
-
7
-
social contributions
315
-
185
-
national
158
-
86
-
municipal
6
-
3
-
total
493
-
281
-
Employer
935
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
392
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
493
261
281
251
After tax
57
289
269
299
Living cost
442
442
442
442
Free-cash
-385
-153
-173
-143

Estimated living cost  is $442 per week

$310
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$63
$152
-$183
$11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
97
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
170
Employee
359
-
457
-
income
49
-
63
-
health
41
-
52
-
pensions
40
-
51
-
total
130
-
166
-
Employer
359
-
457
-
unemployment
9
-
11
-
pensions
58
-
74
-
accident
6
-
8
-
total
73
-
93
-
Corporate
118
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.

106
495
-
-
total
106
495
-
-
Dividends
12
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
311
505
259
170
After tax
239
45
291
380
Living cost
228
228
228
228
Free-cash
11
-183
63
152

Estimated living cost  is $228 per week

$167
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
-$1
-$6
-$143
-$2
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
income

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

-
-
-
45
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.

-
-
-
76
trade
-
-
-
5
surtax

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

-
-
-
2
total
-
-
-
128
Employee

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

552
-
550
-
income

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

45
-
45
-
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.

76
-
76
-
surtax

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

3
-
2
-
total
124
-
123
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
chamber of commerce
-
2
-
-
income
-
83
-
-
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
-
-
trade
-
79
-
-
total
-
169
-
-
Dividends
-
382
-
-
withholding
-
91
-
-
surtax

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

-
5
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
124
265
123
128
After tax
426
285
427
422
Living cost
428
428
428
428
Free-cash
-2
-143
-1
-6

Estimated living cost  is $428 per week

$295
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.
$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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
$84
$201
$209
$117
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
-
-
-
83
income
-
-
-
-
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
surtax
-
-
-
-
total
-
-
-
118
Employee
324
-
443
-
income
58
-
79
-
social contributions

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

36
-
49
-
surtax
-
-
-
-
total
94
-
128
-
Employer
324
-
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.

78
-
107
-
surtax
-
-
-
-
total
78
-
107
-
Corporate
148
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%.

30
110
-
-
total
30
110
-
-
Dividends

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

118
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
202
110
235
118
After tax
348
440
315
432
Living cost
231
231
231
231
Free-cash
117
209
84
201

Estimated living cost  is $231 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Istanbul , Turkey
$138
$127
$198
$174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
95
health
-
-
-
77
pensions
-
-
-
106
total
-
-
-
278
Employee
221
-
449
-
income
43
-
100
-
health
11
-
22
-
unemployment
2
-
4
-
pensions
20
-
40
-
total
76
-
166
-
Employer
221
-
449
-
unemployment
4
-
9
-
pensions
24
-
49
-
health
21
-
43
-
total
49
-
101
-
Corporate
280
550
-
-
income
62
121
-
-
total
62
121
-
-
Dividends
218
429
-
-
withholding
44
86
-
-
total
44
86
-
-
Income
550
550
550
550
Total tax
231
207
267
278
After tax
319
343
283
272
Living cost
145
145
145
145
Free-cash
174
198
138
127

Estimated living cost  is $145 per week

$86
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.
$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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$52
$66
$97
$61
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
80
health
-
-
-
39
unemployment
-
-
-
3
surtax
-
-
-
3
pensions
-
-
-
110
other
-
-
-
-
total
-
-
-
235
Employee
374
-
454
-
other
-
-
-
-
income
63
-
76
-
health
10
-
12
-
unemployment
26
-
32
-
surtax
1
-
3
-
pensions
25
-
30
-
total
125
-
153
-
Employer
374
-
454
-
unemployment
12
-
14
-
pensions
50
-
61
-
other
-
-
-
-
health
17
-
21
-
total
79
-
96
-
Corporate
98
550
-
-
income
25
143
-
-
total
25
143
-
-
Dividends
72
407
-
-
withholding
11
61
-
-
total
11
61
-
-
Income
550
550
550
550
Total tax
240
204
249
235
After tax
310
346
301
315
Living cost
249
249
249
249
Free-cash
61
97
52
66

Estimated living cost  is $249 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
-$134
-$45
-$54
-$87
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
-
-
-
27
chamber of commerce
-
-
-
2
health
-
-
-
42
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
102
total
-
-
-
241
Employee
485
442
442
-
other
5
4
4
-
income
43
33
33
-
health
19
17
16
-
unemployment
15
13
13
-
pensions
50
45
44
-
total
132
112
110
-
Employer
485
442
442
-
unemployment
15
13
13
-
chamber of commerce
2
2
2
-
pensions
61
55
53
-
payroll
15
13
13
-
other
23
21
21
-
surtax
-