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
$ 600
per

Your estimated
City
free-cash

Valencia , Spain
$33
$27
$100
$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
-
-
-
600
income
-
-
-
88
accident
-
-
-
5
unemployment
-
-
-
4
pensions
-
-
-
170
other
-
-
-
1
total
-
-
-
268
Employee
410
-
455
-
other
-
-
-
-
income
79
-
89
-
unemployment
6
-
7
-
pensions
19
-
21
-
total
104
-
117
-
Employer
410
-
455
-
unemployment
23
-
25
-
pensions
97
-
107
-
other
3
-
4
-
accident
8
-
9
-
total
131
-
145
-
Corporate
59
600
-
-
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.

9
90
-
-
total
9
90
-
-
Dividends
51
510
-
-
withholding
10
105
-
-
total
10
105
-
-
Income
600
600
600
600
Total tax
254
195
262
268
After tax
346
405
338
332
Living cost
305
305
305
305
Free-cash
41
100
33
27

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
$55
$30
$146
$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
-
-
-
600
income
-
-
-
76
health
-
-
-
26
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.

-
-
-
144
other
-
-
-
29
total
-
-
-
275
Employee
402
-
479
-
income
69
-
83
-
health
6
-
7
-
unemployment
4
-
5
-
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
-
34
-
total
107
-
129
-
Employer
402
-
479
-
unemployment
4
-
5
-
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
-
81
-
other
20
-
24
-
accident
3
-
4
-
health
6
-
7
-
total
101
-
121
-
Corporate
96
600
-
-
income
20
126
-
-
total
20
126
-
-
Dividends
76
474
-
-
withholding
5
33
-
-
total
5
33
-
-
Income
600
600
600
600
Total tax
233
159
250
275
After tax
367
441
350
325
Living cost
295
295
295
295
Free-cash
72
146
55
30

Estimated living cost  is $295 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
$271
$261
$368
$317
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
-
-
-
600
income
-
-
-
90
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
-
-
-
194
Employee
193
-
524
-
income
19
-
52
-
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
-
108
-
Employer
193
-
524
-
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
370
600
-
-
income
37
60
-
-
total
37
60
-
-
Dividends
333
540
-
-
withholding
17
27
-
-
total
17
27
-
-
Income
600
600
600
600
Total tax
138
87
184
194
After tax
462
513
416
406
Living cost
145
145
145
145
Free-cash
317
368
271
261

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
-$13
-$19
-$76
-$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
-
-
-
600
income
-
-
-
25
social contributions
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
174
other
-
-
-
19
total
-
-
-
240
Employee
474
-
457
-
income
28
-
26
-
social contributions
14
-
13
-
surtax
-
-
-
-
pensions
54
-
52
-
total
96
-
91
-
Employer
474
-
457
-
unemployment
19
-
19
-
social contributions
1
-
1
-
pensions
78
-
75
-
other
16
-
16
-
health
33
-
32
-
total
147
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
surtax
-
-
-
-
social contributions
-
74
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
243
297
234
240
After tax
357
303
366
360
Living cost
379
379
379
379
Free-cash
-22
-76
-13
-19

Estimated living cost  is $379 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
-$500
-$120
-$439
-$500
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
-
-
-
600
income
-
-
-
56
health
-
-
-
92
pensions
-
-
-
108
total
-
-
-
256
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
170
130
170
-
total
470
409
470
-
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
600
600
600
600
Total tax
636
575
636
256
After tax
-36
25
-36
344
Living cost
464
464
464
464
Free-cash
-500
-439
-500
-120

Estimated living cost  is $464 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
$126
$113
-$31
$92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
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.

-
-
-
59
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
-
-
-
13
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
-
-
-
151
Employee

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

424
-
600
-
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
-
59
-
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
-
3
-
total
89
-
138
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
176
600
-
-
chamber of commerce
2
3
-
-
income
26
90
-
-
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
28
94
-
-
total
57
192
-
-
Dividends
119
408
-
-
withholding
25
98
-
-
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
26
103
-
-
Income
600
600
600
600
Total tax
172
295
138
151
After tax
428
305
462
449
Living cost
336
336
336
336
Free-cash
92
-31
126
113

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
$146
$218
$92
$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
-
-
-
600
income
-
-
-
16
social contributions
-
-
-
94
health
-
-
-
15
total
-
-
-
125
Employee
852
852
852
-
income
93
79
88
-
social contributions
32
71
45
-
health
7
14
9
-
total
132
164
142
-
Employer
852
852
852
-
social contributions
32
71
45
-
health
7
16
10
-
total
39
87
55
-
Corporate
172
-
-
-
income
22
-
-
-
total
22
-
-
-
Dividends
151
-
-
-
withholding
26
-
-
-
total
26
-
-
-
Income
600
600
600
600
Total tax
219
251
197
125
After tax
381
349
403
475
Living cost
257
257
257
257
Free-cash
124
92
146
218

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
-$14
-$1
-$7
-$31
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.

-
-
-
600
income
-
-
-
44
social contributions

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

-
-
-
209
surtax
-
-
-
-
total
-
-
-
253
Employee
510
-
485
-
income
106
-
98
-
social contributions
56
-
53
-
surtax
-
-
-
-
total
162
-
151
-
Employer
510
-
485
-
social contributions
121
-
115
-
total
121
-
115
-
Corporate
-
600
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
474
-
-
withholding
-
133
-
-
total
-
133
-
-
Income
600
600
600
600
Total tax
283
259
266
253
After tax
317
341
334
347
Living cost
348
348
348
348
Free-cash
-31
-7
-14
-1

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
$400
$514
$490
$475
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%.

-
-
-
600
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
-
600
-
income
20
-
120
-
total
20
-
120
-
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%.

500
600
-
-
total
-
-
-
-
Dividends
500
600
-
-
withholding
25
30
-
-
total
25
30
-
-
Income
600
600
600
600
Total tax
45
30
120
6
After tax
555
570
480
594
Living cost
80
80
80
80
Free-cash
475
490
400
514

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
$16
$35
$116
$23
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
600
income
-
-
-
98
health
-
-
-
59
unemployment
-
-
-
1
pensions
-
-
-
110
total
-
-
-
268
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.

490
-
519
-
income
85
-
91
-
health
32
-
34
-
unemployment
1
-
1
-
pensions
76
-
80
-
total
194
-
206
-
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.

490
-
519
-
unemployment
-
-
-
-
pensions
43
-
46
-
health
33
-
35
-
total
76
-
81
-
Corporate
34
600
-
-
income
6
114
-
-
total
6
114
-
-
Dividends
27
486
-
-
withholding
4
73
-
-
total
4
73
-
-
Income
600
600
600
600
Total tax
280
187
287
268
After tax
320
413
313
332
Living cost
297
297
297
297
Free-cash
23
116
16
35

Estimated living cost  is $297 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.
$68
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
$31
-$190
-$71
-$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
600
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
-
549
-
social contributions
51
-
51
-
income
55
-
65
-
total
106
-
116
-
Employer
509
-
549
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
41
600
-
-
income
14
210
-
-
total
14
210
-
-
Dividends
26
390
-
-
social contributions
33
59
-
-
total
33
59
-
-
Income
600
600
600
600
Total tax
204
269
167
388
After tax
396
331
433
212
Living cost
402
402
402
402
Free-cash
-6
-71
31
-190

Estimated living cost  is $402 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.
$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
Vilnius , Lithuania
$126
$150
$130
$137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
income
-
-
-
90
social contributions
-
-
-
83
health
-
-
-
42
total
-
-
-
215
Employee
376
-
600
-
income
63
-
114
-
social contributions
52
-
83
-
health
26
-
42
-
total
141
-
239
-
Employer
376
-
600
-
total
-
-
-
-
Corporate
224
600
-
-
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%.

11
30
-
-
total
11
30
-
-
Dividends
213
570
-
-
withholding
32
86
-
-
health
15
40
-
-
social contributions
29
79
-
-
total
76
205
-
-
Income
600
600
600
600
Total tax
228
235
239
215
After tax
372
365
361
385
Living cost
235
235
235
235
Free-cash
137
130
126
150

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.
$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.
$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
$4
-$9
$112
$4
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
-
-
-
600
income
-
-
-
52
social contributions
-
-
-
175
solidarity contribution
-
-
-
-
health
-
-
-
81
total
-
-
-
308
Employee
442
-
448
-
solidarity contribution
-
-
-
-
income
53
-
54
-
social contributions
29
-
29
-
health
60
-
60
-
total
142
-
143
-
Employer
442
-
448
-
social contributions
111
-
112
-
health
40
-
40
-
total
151
-
152
-
Corporate
8
600
-
-
income
1
114
-
-
total
1
114
-
-
Dividends
6
486
-
-
withholding
1
73
-
-
total
1
73
-
-
Income
600
600
600
600
Total tax
295
187
295
308
After tax
305
413
305
292
Living cost
301
301
301
301
Free-cash
4
112
4
-9

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
$356
$470
$446
$423
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%.

-
-
-
600
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
-
600
-
income
31
-
120
-
total
31
-
120
-
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%.

445
600
-
-
total
-
-
-
-
Dividends
445
600
-
-
withholding
22
30
-
-
total
22
30
-
-
Income
600
600
600
600
Total tax
53
30
120
6
After tax
547
570
480
594
Living cost
124
124
124
124
Free-cash
423
446
356
470

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
-$169
-$175
-$232
-$312
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
-
-
-
600
income
-
-
-
25
social contributions
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
174
other
-
-
-
19
total
-
-
-
240
Employee
694
-
457
-
income
61
-
26
-
social contributions
20
-
13
-
surtax
-
-
-
-
pensions
79
-
52
-
total
160
-
91
-
Employer
694
-
457
-
unemployment
28
-
19
-
social contributions
2
-
1
-
pensions
114
-
75
-
other
24
-
16
-
health
49
-
32
-
total
217
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
surtax
-
-
-
-
social contributions
-
74
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
377
297
234
240
After tax
223
303
366
360
Living cost
535
535
535
535
Free-cash
-312
-232
-169
-175

Estimated living cost  is $535 per week

$362
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
$133
$107
$242
$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

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.

-
-
-
600
income
-
-
-
75
health
-
-
-
62
unemployment
-
-
-
9
pensions
-
-
-
156
total
-
-
-
302
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.

288
-
509
-
income
40
-
84
-
health
15
-
26
-
unemployment
2
-
4
-
pensions
40
-
71
-
total
97
-
185
-
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.

288
-
509
-
unemployment
2
-
4
-
pensions
35
-
61
-
health
15
-
26
-
total
52
-
91
-
Corporate
260
600
-
-
income
39
90
-
-
total
39
90
-
-
Dividends
221
510
-
-
withholding
33
77
-
-
total
33
77
-
-
Income
600
600
600
600
Total tax
221
167
276
302
After tax
379
433
324
298
Living cost
191
191
191
191
Free-cash
188
242
133
107

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
-$296
-$266
-$500
-$392
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
-
-
-
600
regional
-
-
-
14
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.

-
-
-
12
pensions
-
-
-
55
total
-
-
-
92
Employee
905
-
537
-
regional
30
-
11
-
city
10
-
6
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
2
-
pensions
76
-
45
-
total
122
-
65
-
Employer
905
-
537
-
unemployment
-
-
-
-
pensions
76
-
45
-
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
-
11
-
health
2
-
1
-
total
96
-
57
-
Corporate
-
600
-
-
regional
-
127
-
-
national
-
51
-
-
total
-
178
-
-
Dividends
-
422
-
-
withholding
-
148
-
-
total
-
148
-
-
Income
600
600
600
600
Total tax
218
326
122
92
After tax
382
274
478
508
Living cost
774
774
774
774
Free-cash
-392
-500
-296
-266

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.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$55
$44
-$11
-$94
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

-
-
-
600
municipal
-
-
-
107
national
-
-
-
18
health
-
-
-
5
total
-
-
-
130
Employee
583
-
505
-
health
4
-
3
-
unemployment
9
-
8
-
national
10
-
5
-
municipal
96
-
83
-
pensions
39
-
34
-
total
158
-
133
-
Employer
583
-
505
-
unemployment
4
-
3
-
pensions
101
-
88
-
accident
1
-
1
-
health
4
-
4
-
total
110
-
96
-
Corporate
-
600
-
-
income
-
120
-
-
total
-
120
-
-
Dividends

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

-
360
-
-
national
-
-
-
-
municipal
-
65
-
-
total
-
65
-
-
Income
600
600
600
600
Total tax
268
185
229
130
After tax
332
415
371
470
Living cost
426
426
426
426
Free-cash
-94
-11
-55
44

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
-$145
-$76
-$65
-$423
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
-
-
-
600
national
-
-
-
174
social contributions
-
-
-
66
communal

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

-
-
-
32
total
-
-
-
272
Employee

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

793
-
465
-
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
-
22
-
communal

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

41
-
24
-
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
-
120
-
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.

59
-
35
-
total
388
-
205
-
Employer

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

793
-
465
-
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
-
7
-
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
-
41
-
surtax
90
-
53
-
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
-
29
-
total
231
-
136
-
Corporate
-
600
-
-
income
-
120
-
-
surtax
-
2
-
-
total
-
122
-
-
Dividends
-
478
-
-
withholding

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

-
139
-
-
total
-
139
-
-
Income
600
600
600
600
Total tax
619
261
341
272
After tax
-19
339
259
328
Living cost
404
404
404
404
Free-cash
-423
-65
-145
-76

Estimated living cost  is $404 per week

$260
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
-$133
-$155
-$126
-$250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
municipal
-
-
-
127
national
-
-
-
-
health
-
-
-
37
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
65
other
-
-
-
70
total
-
-
-
301
Employee
648
-
457
-
national
-
-
-
-
municipal
193
-
136
-
total
193
-
136
-
Employer
648
-
457
-
unemployment
17
-
12
-
pensions
70
-
49
-
other
75
-
53
-
accident
1
-
1
-
health
40
-
28
-
total
203
-
143
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
withholding
-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
396
272
279
301
After tax
204
328
321
299
Living cost
454
454
454
454
Free-cash
-250
-126
-133
-155

Estimated living cost  is $454 per week

$301
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
-$47
-$81
-$131
-$1114
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
-
-
-
600
income
-
-
-
117
social contributions
-
-
-
68
total
-
-
-
185
Employee
711
-
-
-
income
157
-
-
-
social contributions
58
-
8
-
total
215
-
8
-
Employer
711
-
-
-
social contributions
1 003
-
143
-
total
1 003
-
143
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
income
-
103
-
-
total
-
103
-
-
Income
600
600
600
600
Total tax
1 218
235
151
185
After tax
-618
365
449
415
Living cost
496
496
496
496
Free-cash
-1 114
-131
-47
-81

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
$43
$115
-$11
$38
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
-
-
-
600
income
-
-
-
16
social contributions
-
-
-
94
health
-
-
-
15
total
-
-
-
125
Employee
852
852
852
-
income
90
79
88
-
social contributions
41
71
45
-
health
8
14
9
-
total
139
164
142
-
Employer
852
852
852
-
social contributions
41
71
45
-
health
9
16
10
-
total
50
87
55
-
Corporate
50
-
-
-
income
6
-
-
-
total
6
-
-
-
Dividends
44
-
-
-
withholding
7
-
-
-
total
7
-
-
-
Income
600
600
600
600
Total tax
202
251
197
125
After tax
398
349
403
475
Living cost
360
360
360
360
Free-cash
38
-11
43
115

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
-$11
$49
$48
-$17
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
-
-
-
600
income
-
-
-
113
pensions
-
-
-
36
total
-
-
-
149
Employee
551
-
536
-
income
100
-
98
-
health
7
-
7
-
pensions
42
-
40
-
total
149
-
145
-
Employer
551
-
536
-
pensions
56
-
54
-
health
10
-
10
-
total
66
-
64
-
Corporate
-
600
-
-
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.

-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
600
600
600
600
Total tax
215
150
209
149
After tax
385
450
391
451
Living cost
402
402
402
402
Free-cash
-17
48
-11
49

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
-$151
-$117
-$126
-$335
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
-
-
-
600
municipal
-
-
-
4
regional
-
-
-
9
national
-
-
-
108
social contributions
-
-
-
154
total
-
-
-
275
Employee
934
-
600
-
regional
14
-
8
-
social contributions
315
-
202
-
national
158
-
95
-
municipal
6
-
4
-
total
493
-
309
-
Employer
934
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
29
-
-
total
-
173
-
-
Dividends
-
427
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
600
600
600
600
Total tax
493
284
309
275
After tax
107
316
291
325
Living cost
442
442
442
442
Free-cash
-335
-126
-151
-117

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
$90
$186
-$179
$15
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
-
-
-
600
income
-
-
-
113
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
186
Employee
359
-
498
-
income
49
-
68
-
health
41
-
57
-
pensions
40
-
56
-
total
130
-
181
-
Employer
359
-
498
-
unemployment
9
-
12
-
pensions
58
-
81
-
accident
6
-
8
-
total
73
-
101
-
Corporate
168
600
-
-
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.

151
540
-
-
total
151
540
-
-
Dividends
17
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
357
551
282
186
After tax
243
49
318
414
Living cost
228
228
228
228
Free-cash
15
-179
90
186

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
$34
$22
-$117
$28
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.

-
-
-
600
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.

-
-
-
59
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
-
-
-
12
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
-
-
-
150
Employee

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

552
-
600
-
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
-
59
-
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
-
3
-
total
124
-
138
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48
600
-
-
chamber of commerce
2
3
-
-
income
7
90
-
-
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
7
86
-
-
total
16
184
-
-
Dividends
32
416
-
-
withholding
4
100
-
-
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
4
105
-
-
Income
600
600
600
600
Total tax
144
289
138
150
After tax
456
311
462
450
Living cost
428
428
428
428
Free-cash
28
-117
34
22

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.
$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

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
$114
$244
$249
$157
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.

-
-
-
600
microenterprise
-
-
-
90
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
-
-
-
125
Employee
324
-
484
-
income
58
-
86
-
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
-
53
-
surtax
-
-
-
-
total
94
-
139
-
Employer
324
-
484
-
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
-
116
-
surtax
-
-
-
-
total
78
-
116
-
Corporate
198
600
-
-
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%.

40
120
-
-
total
40
120
-
-
Dividends

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

158
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
212
120
255
125
After tax
388
480
345
475
Living cost
231
231
231
231
Free-cash
157
249
114
244

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
$159
$161
$230
$207
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
-
-
-
600
income
-
-
-
114
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
295
Employee
219
-
490
-
income
42
-
113
-
health
11
-
24
-
unemployment
2
-
5
-
pensions
20
-
44
-
total
75
-
186
-
Employer
219
-
490
-
unemployment
4
-
10
-
pensions
24
-
54
-
health
21
-
47
-
total
49
-
111
-
Corporate
332
600
-
-
income
73
132
-
-
total
73
132
-
-
Dividends
259
468
-
-
withholding
52
94
-
-
total
52
94
-
-
Income
600
600
600
600
Total tax
249
226
297
295
After tax
351
374
303
305
Living cost
144
144
144
144
Free-cash
207
230
159
161

Estimated living cost  is $144 per week

$85
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.
$43
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
$79
$93
$128
$92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
income
-
-
-
88
health
-
-
-
43
unemployment
-
-
-
3
surtax
-
-
-
4
pensions
-
-
-
120
other
-
-
-
-
total
-
-
-
258
Employee
373
-
496
-
other
-
-
-
-
income
63
-
83
-
health
10
-
13
-
unemployment
26
-
34
-
surtax
1
-
4
-
pensions
25
-
33
-
total
125
-
167
-
Employer
373
-
496
-
unemployment
12
-
16
-
pensions
50
-
66
-
other
-
-
-
-
health
17
-
23
-
total
79
-
105
-
Corporate
148
600
-
-
income
39
156
-
-
total
39
156
-
-
Dividends
110
444
-
-
withholding
16
67
-
-
total
16
67
-
-
Income
600
600
600
600
Total tax
259
223
272
258
After tax
341
377
328
342
Living cost
249
249
249
249
Free-cash
92
128
79
93

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
-$117
-$17
-$10
-$37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
income
-
-
-
36
chamber of commerce
-
-
-
2
health
-
-
-
46
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
111
total
-
-
-
263
Employee
485
442
466
-
other
5
4
5
-
income
43
33
38
-
health
19
17
18
-
unemployment
15
13
14
-
pensions
50
45
48
-
total
132
112
123
-
Employer
485
442
466
-
unemployment
15
13
14
-
chamber of commerce
2
2
2
-
pensions
61
55
58
-
payroll
15
13
14
-
other
23
21
22
-
surtax
-
-
-
-