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

Dresden , Germany
$118
$133
$95
-$24
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
trade
-
-
-
15
health

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

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

-
-
-
74
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.

-
-
-
62
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
-
-
-
154
Employee

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

414
-
600
-
surtax

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

1
-
3
-
income

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

12
-
62
-
health

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

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

74
-
74
-
total
87
-
139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
186
600
-
-
trade
29
95
-
-
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
5
-
-
income
28
90
-
-
chamber of commerce
2
3
-
-
total
61
193
-
-
Dividends
125
408
-
-
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
5
-
-
withholding
27
98
-
-
total
29
103
-
-
Income
600
600
600
600
Total tax
177
296
139
154
After tax
423
304
461
446
Living cost
328
328
328
328
Free-cash
95
-24
133
118

Estimated living cost  is $328 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-$170
-$165
-$325
-$173
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
social contributions
-
-
-
6
municipal
-
-
-
57
national
-
-
-
88
pensions
-
-
-
72
total
-
-
-
223
Employee
847
-
519
-
pensions
34
-
21
-
national
162
-
91
-
municipal
105
-
59
-
total
301
-
171
-
Employer
847
-
519
-
pensions
68
-
41
-
social contributions
9
-
6
-
total
77
-
47
-
Corporate
-
600
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
120
-
-
total
-
120
-
-
Dividends
-
480
-
-
withholding
-
106
-
-
total
-
106
-
-
Income
600
600
600
600
Total tax
378
226
218
223
After tax
222
374
382
377
Living cost
547
547
547
547
Free-cash
-325
-173
-165
-170

Estimated living cost  is $547 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$251
$119
$167
$255
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
social contributions

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

-
-
-
34
income
-
-
-
-
microenterprise
-
-
-
90
surtax
-
-
-
-
total
-
-
-
124
Employee
317
-
484
-
income
56
-
87
-
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
-
53
-
surtax
-
-
-
-
total
91
-
140
-
Employer
317
-
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.

76
-
116
-
surtax
-
-
-
-
total
76
-
116
-
Corporate
207
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%.

41
120
-
-
total
41
120
-
-
Dividends

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

166
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
208
120
256
124
After tax
392
480
344
476
Living cost
225
225
225
225
Free-cash
167
255
119
251

Estimated living cost  is $225 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$111
-$475
-$475
-$414
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
health
-
-
-
92
income
-
-
-
57
pensions
-
-
-
108
total
-
-
-
257
Employee
925
925
925
-
income

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

151
151
151
-
pensions
167
127
167
-
health
142
121
142
-
total
460
399
460
-
Employer
925
925
925
-
pensions
64
64
64
-
health
64
64
64
-
unemployment
33
33
33
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
621
560
621
257
After tax
-21
40
-21
343
Living cost
454
454
454
454
Free-cash
-475
-414
-475
-111

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-$118
-$96
-$181
-$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
-
-
-
600
other
-
-
-
70
unemployment
-
-
-
1
accident
-
-
-
1
municipal
-
-
-
127
health
-
-
-
37
national
-
-
-
-
pensions
-
-
-
65
total
-
-
-
301
Employee
594
-
457
-
national
-
-
-
-
municipal
177
-
136
-
total
177
-
136
-
Employer
594
-
457
-
pensions
64
-
49
-
other
69
-
53
-
accident
1
-
1
-
health
37
-
28
-
unemployment
16
-
12
-
total
187
-
143
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
withholding
-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
364
272
279
301
After tax
236
328
321
299
Living cost
417
417
417
417
Free-cash
-181
-89
-96
-118

Estimated living cost  is $417 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$19
$35
$28
-$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

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

-
-
-
600
trade
-
-
-
16
health

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

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

-
-
-
74
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.

-
-
-
62
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
-
-
-
155
Employee

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

549
-
600
-
surtax

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

3
-
3
-
income

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

47
-
62
-
health

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

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

74
-
74
-
total
124
-
139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51
600
-
-
trade
8
99
-
-
surtax

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

-
5
-
-
income
8
90
-
-
chamber of commerce
2
2
-
-
total
18
196
-
-
Dividends
33
404
-
-
surtax

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

-
5
-
-
withholding
4
97
-
-
total
4
102
-
-
Income
600
600
600
600
Total tax
146
298
139
155
After tax
454
302
461
445
Living cost
426
426
426
426
Free-cash
28
-124
35
19

Estimated living cost  is $426 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$122
$54
$48
$5
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
social contributions
-
-
-
94
health
-
-
-
15
income
-
-
-
18
total
-
-
-
127
Employee
833
833
833
-
income
87
77
86
-
social contributions
40
69
45
-
health
8
14
9
-
total
135
160
140
-
Employer
833
833
833
-
health
9
15
10
-
social contributions
40
69
45
-
total
49
84
55
-
Corporate
63
-
-
-
income
8
-
-
-
total
8
-
-
-
Dividends
55
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
600
600
600
600
Total tax
201
244
195
127
After tax
399
356
405
473
Living cost
351
351
351
351
Free-cash
48
5
54
122

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$218
$150
$145
$142
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
unemployment
-
-
-
9
health
-
-
-
42
income
-
-
-
73
pensions
-
-
-
60
total
-
-
-
184
Employee

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

The minimum wage is 138,000 HUF per month.

285
114
502
-
income
35
14
61
-
pensions
29
11
50
-
unemployment
4
2
8
-
health
20
8
35
-
total
88
35
154
-
Employer

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

The minimum wage is 138,000 HUF per month.

285
114
502
-
pensions
56
22
98
-
total
56
22
98
-
Corporate
259
464
-
-
income
23
42
-
-
total
23
42
-
-
Dividends
236
423
-
-
social contributions
45
81
-
-
withholding
45
80
-
-
total
90
161
-
-
Income
600
600
600
600
Total tax
257
260
252
184
After tax
343
340
348
416
Living cost
198
198
198
198
Free-cash
145
142
150
218

Estimated living cost  is $198 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Source

Source of data for Budapest model

Close
Tallinn , Estonia
$73
$93
$151
$218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
health
-
-
-
78
income
-
-
-
67
pensions
-
-
-
120
total
-
-
-
265
Employee
307
-
448
-
income
35
-
77
-
pensions
6
-
9
-
unemployment
5
-
7
-
total
46
-
93
-
Employer
307
-
448
-
pensions
61
-
90
-
health
40
-
58
-
unemployment
2
-
4
-
total
103
-
152
-
Corporate
189
600
-
-
income
38
120
-
-
total
38
120
-
-
Dividends
151
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
187
120
245
265
After tax
413
480
355
335
Living cost
262
262
262
262
Free-cash
151
218
93
73

Estimated living cost  is $262 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$177
$81
$13
-$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
-
-
-
600
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
110
pensions
-
-
-
45
total
-
-
-
186
Employee
374
-
498
-
income
51
-
68
-
pensions
42
-
56
-
health
43
-
57
-
total
136
-
181
-
Employer
374
-
498
-
pensions
61
-
81
-
accident
6
-
8
-
unemployment
9
-
12
-
total
76
-
101
-
Corporate
150
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.

135
540
-
-
total
135
540
-
-
Dividends
15
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
350
551
282
186
After tax
250
49
318
414
Living cost
237
237
237
237
Free-cash
13
-188
81
177

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$496
$382
$454
$472
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
122
-
600
-
income
24
-
120
-
total
24
-
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%.

478
600
-
-
total
-
-
-
-
Dividends
478
600
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
600
600
600
600
Total tax
48
30
120
6
After tax
552
570
480
594
Living cost
98
98
98
98
Free-cash
454
472
382
496

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$37
$62
$76
$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
-
-
-
600
other
-
-
-
28
health
-
-
-
26
income
-
-
-
76
pensions

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

-
-
-
144
total
-
-
-
274
Employee
393
-
479
-
income
68
-
82
-
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
-
unemployment
4
-
5
-
health
6
-
7
-
total
106
-
128
-
Employer
393
-
479
-
pensions

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

67
-
81
-
other
20
-
24
-
accident
3
-
4
-
health
6
-
7
-
unemployment
4
-
5
-
total
100
-
121
-
Corporate
107
600
-
-
income
23
126
-
-
total
23
126
-
-
Dividends
85
474
-
-
withholding
6
33
-
-
total
6
33
-
-
Income
600
600
600
600
Total tax
235
159
249
274
After tax
365
441
351
326
Living cost
289
289
289
289
Free-cash
76
152
62
37

Estimated living cost  is $289 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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$278
-$337
-$573
-$279
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
1 031
-
536
-
income
186
-
98
-
pensions
99
-
40
-
health
17
-
7
-
total
302
-
145
-
Employer
1 031
-
536
-
pensions
122
-
53
-
health
20
-
10
-
total
142
-
63
-
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
444
150
208
149
After tax
156
450
392
451
Living cost
729
729
729
729
Free-cash
-573
-279
-337
-278

Estimated living cost  is $729 per week

$546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$266
$277
$319
$371
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
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
90
pensions

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

-
-
-
56
total
-
-
-
192
Employee
188
-
526
-
income
19
-
53
-
pensions

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

17
-
33
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
47
-
107
-
Employer
188
-
526
-
pensions

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

21
-
42
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
26
-
unemployment
1
-
2
-
total
37
-
74
-
Corporate
375
600
-
-
income
38
60
-
-
total
38
60
-
-
Dividends
338
540
-
-
withholding
17
27
-
-
total
17
27
-
-
Income
600
600
600
600
Total tax
139
87
181
192
After tax
461
513
419
408
Living cost
142
142
142
142
Free-cash
319
371
277
266

Estimated living cost  is $142 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-$258
-$622
-$580
-$561
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
health
-
-
-
92
income
-
-
-
57
pensions
-
-
-
108
total
-
-
-
257
Employee
1 005
925
925
-
income

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

151
151
151
-
pensions
127
127
167
-
health
125
121
142
-
total
403
399
460
-
Employer
1 005
925
925
-
pensions
70
64
64
-
health
70
64
64
-
unemployment
36
33
33
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
579
560
621
257
After tax
21
40
-21
343
Living cost
601
601
601
601
Free-cash
-580
-561
-622
-258

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$32
$45
$59
$153
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
social contributions
-
-
-
175
health
-
-
-
81
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
383
-
448
-
income
46
-
54
-
solidarity contribution
-
-
-
-
social contributions
25
-
29
-
health
52
-
60
-
total
123
-
143
-
Employer
383
-
448
-
health
34
-
40
-
social contributions
96
-
112
-
total
130
-
152
-
Corporate
87
600
-
-
income
17
114
-
-
total
17
114
-
-
Dividends
71
486
-
-
withholding
11
73
-
-
total
11
73
-
-
Income
600
600
600
600
Total tax
281
187
295
308
After tax
319
413
305
292
Living cost
260
260
260
260
Free-cash
59
153
45
32

Estimated living cost  is $260 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-$129
-$162
-$363
-$136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
154
municipal
-
-
-
4
national
-
-
-
108
regional
-
-
-
6
total
-
-
-
272
Employee
963
-
600
-
national
167
-
95
-
social contributions
325
-
202
-
municipal
5
-
3
-
regional
9
-
5
-
total
506
-
305
-
Employer
963
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
506
279
305
272
After tax
94
321
295
328
Living cost
457
457
457
457
Free-cash
-363
-136
-162
-129

Estimated living cost  is $457 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$102
$88
$106
$138
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
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
43
income
-
-
-
89
surtax
-
-
-
5
pensions
-
-
-
120
total
-
-
-
259
Employee
358
-
496
-
income
60
-
83
-
pensions
24
-
33
-
unemployment
25
-
35
-
health
9
-
13
-
other
-
-
-
-
surtax
1
-
4
-
total
119
-
168
-
Employer
358
-
496
-
pensions
48
-
66
-
other
-
-
-
-
health
16
-
23
-
unemployment
11
-
16
-
total
75
-
105
-
Corporate
166
600
-
-
income
43
156
-
-
total
43
156
-
-
Dividends
123
444
-
-
withholding
18
67
-
-
total
18
67
-
-
Income
600
600
600
600
Total tax
255
223
273
259
After tax
345
377
327
341
Living cost
239
239
239
239
Free-cash
106
138
88
102

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-$47
-$106
-$179
-$48
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
691
-
536
-
income
124
-
98
-
pensions
59
-
40
-
health
10
-
7
-
total
193
-
145
-
Employer
691
-
536
-
pensions
75
-
53
-
health
13
-
10
-
total
88
-
63
-
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
281
150
208
149
After tax
319
450
392
451
Living cost
498
498
498
498
Free-cash
-179
-48
-106
-47

Estimated living cost  is $498 per week

$373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$310
-$340
-$450
-$545
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
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
health
-
-
-
3
city
-
-
-
6
national
-
-
-
2
regional
-
-
-
13
pensions
-
-
-
55
total
-
-
-
91
Employee
958
-
537
-
pensions
81
-
45
-
national
5
-
1
-
unemployment
-
-
-
-
city
10
-
6
-
health
2
-
1
-
regional
31
-
11
-
total
129
-
64
-
Employer
958
-
537
-
pensions
81
-
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.

19
-
11
-
health
2
-
1
-
unemployment
-
-
-
-
total
102
-
57
-
Corporate
-
600
-
-
regional
-
127
-
-
national
-
51
-
-
total
-
178
-
-
Dividends
-
422
-
-
withholding
-
148
-
-
total
-
148
-
-
Income
600
600
600
600
Total tax
231
326
121
91
After tax
369
274
479
509
Living cost
819
819
819
819
Free-cash
-450
-545
-340
-310

Estimated living cost  is $819 per week

$533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
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.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-$52
-$35
-$51
-$197
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
trade
-
-
-
17
health

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

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

-
-
-
74
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.

-
-
-
62
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
-
-
-
156
Employee

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

651
-
600
-
surtax

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

4
-
3
-
income

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

77
-
62
-
health

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

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

74
-
74
-
total
155
-
139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
trade
-
103
-
-
surtax

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

-
5
-
-
income
-
90
-
-
chamber of commerce
-
2
-
-
total
-
200
-
-
Dividends
-
400
-
-
surtax

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

-
5
-
-
withholding
-
96
-
-
total
-
101
-
-
Income
600
600
600
600
Total tax
155
301
139
156
After tax
445
299
461
444
Living cost
496
496
496
496
Free-cash
-51
-197
-35
-52

Estimated living cost  is $496 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-$11
-$6
-$7
-$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
-
-
-
600
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
26
surtax
-
-
-
-
pensions
-
-
-
173
total
-
-
-
240
Employee
464
-
457
-
income
27
-
27
-
pensions
52
-
52
-
social contributions
13
-
13
-
surtax
-
-
-
-
total
92
-
92
-
Employer
464
-
457
-
pensions
76
-
75
-
other
16
-
16
-
health
32
-
32
-
unemployment
19
-
19
-
social contributions
1
-
1
-
total
144
-
143
-
Corporate
-
600
-
-
surtax
-
-
-
-
income
-
168
-
-
total
-
168
-
-
Dividends
-
432
-
-
surtax
-
-
-
-
social contributions
-
74
-
-
withholding
-
55
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
236
297
235
240
After tax
364
303
365
360
Living cost
371
371
371
371
Free-cash
-7
-68
-6
-11

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$26
$31
$29
-$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
-
-
-
600
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
26
surtax
-
-
-
-
pensions
-
-
-
173
total
-
-
-
240
Employee
414
-
457
-
income
21
-
27
-
pensions
47
-
52
-
social contributions
12
-
13
-
surtax
-
-
-
-
total
80
-
92
-
Employer
414
-
457
-
pensions
68
-
75
-
other
14
-
16
-
health
29
-
32
-
unemployment
17
-
19
-
social contributions
1
-
1
-
total
129
-
143
-
Corporate
57
600
-
-
surtax
-
-
-
-
income
16
168
-
-
total
16
168
-
-
Dividends
41
432
-
-
surtax
-
-
-
-
social contributions
7
74
-
-
withholding
5
55
-
-
total
12
129
-
-
Income
600
600
600
600
Total tax
237
297
235
240
After tax
363
303
365
360
Living cost
334
334
334
334
Free-cash
29
-31
31
26

Estimated living cost  is $334 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$155
$130
$142
$136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
83
health
-
-
-
42
income
-
-
-
90
total
-
-
-
215
Employee
367
-
600
-
income
61
-
115
-
social contributions
51
-
83
-
health
26
-
42
-
total
138
-
240
-
Employer
367
-
600
-
total
-
-
-
-
Corporate
233
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%.

12
30
-
-
total
12
30
-
-
Dividends
221
570
-
-
social contributions
30
79
-
-
health
15
40
-
-
withholding
33
85
-
-
total
78
204
-
-
Income
600
600
600
600
Total tax
228
234
240
215
After tax
372
366
360
385
Living cost
230
230
230
230
Free-cash
142
136
130
155

Estimated living cost  is $230 per week

$154
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.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$47
-$148
-$108
-$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
chamber of commerce
-
-
-
2
unemployment
-
-
-
66
health
-
-
-
46
income
-
-
-
38
surtax
-
-
-
2
pensions
-
-
-
111
total
-
-
-
265
Employee
541
432
464
-
income
62
32
39
-
pensions
55
44
48
-
unemployment
16
13
14
-
health
21
17
18
-
other
5
4
5
-
total
159
110
124
-
Employer
541
432
464
-
pensions
68
54
58
-
other
26
21
22
-
accident
7
6
6
-
health
20
16
18
-
payroll
16
13
14
-
chamber of commerce
2
2
2
-
unemployment
16
13
14
-
surtax
2
2
2
-
total
157
127
136
-
Corporate
41
42
423
-
income

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

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

10
10
106
-
total
10
10
106
-
Dividends
-
31
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
600
600
600
600
Total tax
326
256
366
265
After tax
274
344
234
335
Living cost
382
382
382
382
Free-cash
-108
-38
-148
-47

Estimated living cost  is $382 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-$69
-$137
-$400
-$56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
67
communal

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

-
-
-
32
national
-
-
-
175
total
-
-
-
274
Employee

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

775
-
465
-
pensions

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

58
-
35
-
national
238
-
121
-
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
-
communal

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

40
-
24
-
health

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

36
-
22
-
total
379
-
206
-
Employer

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

775
-
465
-
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.

69
-
41
-
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.

48
-
29
-
unemployment

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

11
-
7
-
surtax
88
-
53
-
total
226
-
136
-
Corporate
-
600
-
-
surtax
-
2
-
-
income
-
120
-
-
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
605
261
342
274
After tax
-5
339
258
326
Living cost
395
395
395
395
Free-cash
-400
-56
-137
-69

Estimated living cost  is $395 per week

$254
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-$59
-$54
-$111
$14
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
1
unemployment
-
-
-
4
accident
-
-
-
5
income
-
-
-
88
pensions
-
-
-
170
total
-
-
-
268
Employee
539
-
455
-
income
114
-
90
-
pensions
25
-
21
-
unemployment
8
-
7
-
other
1
-
-
-
total
148
-
118
-
Employer
539
-
455
-
pensions
127
-
107
-
other
4
-
4
-
accident
11
-
9
-
unemployment
30
-
25
-
total
172
-
145
-
Corporate
-
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.

-
90
-
-
total
-
90
-
-
Dividends
-
510
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
320
195
263
268
After tax
280
405
337
332
Living cost
391
391
391
391
Free-cash
-111
14
-54
-59

Estimated living cost  is $391 per week

$288
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$190
-$179
-$319
-$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
accident
-
-
-
5
health
-
-
-
45
income
-
-
-
23
communal
-
-
-
-
surtax
-
-
-
32
pensions
-
-
-
96
total
-
-
-
201
Employee
821
-
536
-
income
79
-
26
-
pensions
66
-
43
-
health
37
-
24
-
surtax
50
-
33
-
total
232
-
126
-
Employer
821
-
536
-
pensions
66
-
43
-
accident
7
-
5
-
health
25
-
16
-
total
98
-
64
-
Corporate
-
600
-
-
communal
-
41
-
-
surtax
-
6
-
-
income
-
90
-
-
total
-
137
-
-
Dividends
-
463
-
-
withholding
-
69
-
-
income
-
16
-
-
total
-
85
-
-
Income
600
600
600
600
Total tax
330
222
190
201
After tax
270
378
410
399
Living cost
589
589
589
589
Free-cash
-319
-211
-179
-190

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$98
$84
$100
$134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
43
income
-
-
-
89
surtax
-
-
-
5
pensions
-
-
-
120
total
-
-
-
259
Employee
365
-
496
-
income
61
-
83
-
pensions
24
-
33
-
unemployment
25
-
35
-
health
9
-
13
-
other
-
-
-
-
surtax
1
-
4
-
total
120
-
168
-
Employer
365
-
496
-
pensions
49
-
66
-
other
-
-
-
-
health
17
-
23
-
unemployment
12
-
16
-
total
78
-
105
-
Corporate
158
600
-
-
income
41
156
-
-
total
41
156
-
-
Dividends
117
444
-
-
withholding
18
67
-
-
total
18
67
-
-
Income
600
600
600
600
Total tax
257
223
273
259
After tax
343
377
327
341
Living cost
243
243
243
243
Free-cash
100
134
84
98

Estimated living cost  is $243 per week

$147
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$33
$0
-$1
$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
-
-
-
600
social contributions
-
-
-
154
municipal
-
-
-
4
national
-
-
-
108
regional
-
-
-
9
total
-
-
-
275
Employee
601
-
600
-
national
95
-
95
-
social contributions
203
-
202
-
municipal
3
-
3
-
regional
8
-
8
-
total
309
-
308
-
Employer
601
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
30
-
-
total
-
174
-
-
Dividends
-
426
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
600
600
600
600
Total tax
309
285
308
275
After tax
291
315
292
325
Living cost
292
292
292
292
Free-cash
-1
23
-
33

Estimated living cost  is $292 per week

$182
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.
$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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-$29
-$16
-$33
$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
social contributions
-
-
-
175
health
-
-
-
81
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
472
-
448
-
income
57
-
54
-
solidarity contribution
-
-
-
-
social contributions
31
-
29
-
health
64
-
60
-
total
152
-
143
-
Employer
472
-
448
-
health
42
-
40
-
social contributions
118
-
112
-
total
160
-
152
-
Corporate
-
600
-
-
income
-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
73
-
-
total
-
73
-
-
Income
600
600
600
600
Total tax
312
187
295
308
After tax
288
413
305
292
Living cost
321
321
321
321
Free-cash
-33
92
-16
-29

Estimated living cost  is $321 per week

$238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-$9
-$111
-$19
-$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
-
-
-
600
chamber of commerce
-
-
-
2
unemployment
-
-
-
66
health
-
-
-
46
income
-
-
-
38
surtax
-
-
-
-
pensions
-
-
-
111
total
-
-
-
263
Employee
474
432
466
-
income
42
32
40
-
pensions
49
44
48
-
unemployment
14
13
14
-
health
18
17
18
-
other
5
4
5
-
total
128
110
125
-
Employer
474
432
466
-
pensions
59
54
58
-
other
22
21
22
-
accident
6
6
6
-
health
18
16
18
-
payroll
14
13
14
-
chamber of commerce
2
2
2
-
unemployment
14
13
14
-
surtax
-
-
-
-
total
135
125
134
-
Corporate
41
44
425
-
income

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

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

10
11
106
-
total
10
11
106
-
Dividends
-
33
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
600
600
600
600
Total tax
273
255
365
263
After tax
327
345
235
337
Living cost
346
346
346
346
Free-cash
-19
-1
-111
-9

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$442
$328
$390
$418
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
190
-
600
-
income
38
-
120
-
total
38
-
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%.

410
600
-
-
total
-
-
-
-
Dividends
410
600
-
-
withholding
20
30
-
-
total
20
30
-
-
Income
600
600
600
600
Total tax
58
30
120
6
After tax
542
570
480
594
Living cost
152
152
152
152
Free-cash
390
418
328
442

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$40
$22
$31
$122
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
unemployment
-
-
-
1
health
-
-
-
59
income
-
-
-
99
pensions
-
-
-
110
total
-
-
-
269
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.

479
-
519
-
income
83
-
91
-
pensions
74
-
80
-
unemployment
1
-
1
-
health
31
-
34
-
total
189
-
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.

479
-
519
-
pensions
42
-
46
-
health
32
-
35
-
unemployment
-
-
-
-
total
74
-
81
-
Corporate
46
600
-
-
income
9
114
-
-
total
9
114
-
-
Dividends
37
486
-
-
withholding
6
73
-
-
total
6
73
-
-
Income
600
600
600
600
Total tax
278
187
287
269
After tax
322
413
313
331
Living cost
291
291
291
291
Free-cash
31
122
22
40

Estimated living cost  is $291 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-$51
-$8
-$1012
-$101
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
social contributions
-
-
-
68
income
-
-
-
117
total
-
-
-
185
Employee
669
-
-
-
income
148
-
-
-
social contributions
55
-
8
-
total
203
-
8
-
Employer
669
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
income
-
103
-
-
total
-
103
-
-
Income
600
600
600
600
Total tax
1 146
235
142
185
After tax
-546
365
458
415
Living cost
466
466
466
466
Free-cash
-1 012
-101
-8
-51

Estimated living cost  is $466 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$7
-$7
-$17
$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

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
social contributions

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

-
-
-
209
income
-
-
-
44
surtax
-
-
-
-
total
-
-
-
253
Employee
498
-
485
-
income
104
-
99
-
social contributions
55
-
53
-
surtax
-
-
-
-
total
159
-
152
-
Employer
498
-
485
-
social contributions
118
-
115
-
total
118
-
115
-
Corporate
-
600
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
474
-
-
withholding
-
133
-
-
total
-
133
-
-
Income
600
600
600
600
Total tax
277
259
267
253
After tax
323
341
333
347
Living cost
340
340
340
340
Free-cash
-17
1
-7
7

Estimated living cost  is $340 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$163
-$158
-$289
-$220
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
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
26
surtax
-
-
-
-
pensions
-
-
-
173
total
-
-
-
240
Employee
679
-
457
-
income
59
-
27
-
pensions
77
-
52
-
social contributions
19
-
13
-
surtax
-
-
-
-
total
155
-
92
-
Employer
679
-
457
-
pensions
112
-
75
-
other
23
-
16
-
health
47
-
32
-
unemployment
27
-
19
-
social contributions
2
-
1
-
total
211
-
143
-
Corporate
-
600
-
-
surtax
-
-
-
-
income
-
168
-
-
total
-
168
-
-
Dividends
-
432
-
-
surtax
-
-
-
-
social contributions
-
74
-
-
withholding
-
55
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
366
297
235
240
After tax
234
303
365
360
Living cost
523
523
523
523
Free-cash
-289
-220
-158
-163

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$142
$159
$177
$214
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
social contributions
-
-
-
132
income
-
-
-
-
total
-
-
-
132
Employee
348
-
519
-
social contributions
23
-
34
-
income
-
-
-
-
total
23
-
34
-
Employer
348
-
519
-
social contributions
54
-
81
-
total
54
-
81
-
Corporate
198
600
-
-
income
20
60
-
-
total
20
60
-
-
Dividends
178
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
97
60
115
132
After tax
503
540
485
468
Living cost
326
326
326
326
Free-cash
177
214
159
142

Estimated living cost  is $326 per week

$211
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$130
-$1761
-$1761
-$1761
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
-
-
-
96
national
-
-
-
56
labour market
-
-
-
47
pensions
-
-
-
9
total
-
-
-
208
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
pensions
3
3
3
-
national
269
269
269
-
municipal
469
469
469
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
pensions
6
6
6
-
municipal
470
470
470
-
national
270
270
270
-
labour market
176
176
176
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
1 839
1 839
1 839
208
After tax
-1 239
-1 239
-1 239
392
Living cost
522
522
522
522
Free-cash
-1 761
-1 761
-1 761
-130

Estimated living cost  is $522 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$180
$84
$14
-$185
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
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
110
pensions
-
-
-
45
total
-
-
-
186
Employee
368
-
498
-
income
50
-
68
-
pensions
41
-
56
-
health
42
-
57
-
total
133
-
181
-
Employer
368
-
498
-
pensions
60
-
81
-
accident
6
-
8
-
unemployment
9
-
12
-
total
75
-
101
-
Corporate
157
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.

141
540
-
-
total
141
540
-
-
Dividends
16
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
352
551
282
186
After tax
248
49
318
414
Living cost
234
234
234
234
Free-cash
14
-185
84
180

Estimated living cost  is $234 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$52
-$46
-$77
-$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

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
health
-
-
-
5
national
-
-
-
20
total
-
-
-
132
Employee
570
-
505
-
pensions
38
-
34
-
national
9
-
6
-
municipal
93
-
83
-
unemployment
9
-
8
-
health
4
-
3
-
total
153
-
134
-
Employer
570
-
505
-
pensions
99
-
88
-
accident
1
-
1
-
health
4
-
4
-
unemployment
4
-
3
-
total
108
-
96
-
Corporate
-
600
-
-
income
-
120
-
-
total
-
120
-
-
Dividends

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

-
360
-
-
municipal
-
65
-
-
national
-
-
-
-
total
-
65
-
-
Income
600
600
600
600
Total tax
261
185
230
132
After tax
339
415
370
468
Living cost
416
416
416
416
Free-cash
-77
-1
-46
52

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$222
$154
$131
$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
-
-
-
600
social contributions
-
-
-
94
health
-
-
-
15
income
-
-
-
18
total
-
-
-
127
Employee
833
833
833
-
income
91
77
86
-
social contributions
32
69
45
-
health
6
14
9
-
total
129
160
140
-
Employer
833
833
833
-
health
7
15
10
-
social contributions
32
69
45
-
total
39
84
55
-
Corporate
182
-
-
-
income
23
-
-
-
total
23
-
-
-
Dividends
159
-
-
-
withholding
27
-
-
-
total
27
-
-
-
Income
600
600
600
600
Total tax
218
244
195
127
After tax
382
356
405
473
Living cost
251
251
251
251
Free-cash
131
105
154
222

Estimated living cost  is $251 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$270
$199
$270
$325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
600
unemployment
-
-
-
-
health
-
-
-
39
income
-
-
-
50
pensions
-
-
-
69
total
-
-
-
158
Employee

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

249
-
544
-
income
17
-
42
-
pensions
37
-
82
-
unemployment
1
-
3
-
health
21
-
46
-
total
76
-
173
-
Employer

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

249
-
544
-
pensions
14
-
30
-
health
11
-
23
-
unemployment
1
-
3
-
total
26
-
56
-
Corporate
326
600
-
-
income
29
54
-
-
total
29
54
-
-
Dividends
296
546
-
-
withholding
27
49
-
-
total
27
49
-
-
Income
600
600
600
600
Total tax
158
103
229
158
After tax
442
497
371
442
Living cost
172
172
172
172
Free-cash
270
325
199
270

Estimated living cost  is $172 per week

$110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$34
$39
$49
$107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
1
unemployment
-
-
-
4
accident
-
-
-
5
income
-
-
-
88
pensions
-
-
-
170
total
-
-
-
268
Employee
401
-
455
-
income
77
-
90
-
pensions
19
-
21
-
unemployment
6
-
7
-
other
-
-
-
-
total
102
-
118
-
Employer
401
-
455
-
pensions
95
-
107
-
other
3
-
4
-
accident
8
-
9
-
unemployment
22
-
25
-
total
128
-
145
-
Corporate
72
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.

11
90
-
-
total
11
90
-
-
Dividends
61
510
-
-
withholding
12
105
-
-
total
12
105
-
-
Income
600
600
600
600
Total tax
253
195
263
268
After tax
347
405
337
332
Living cost
298
298
298
298
Free-cash
49
107
39
34

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$342
$341
$340
$344
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
health
-
-
-
16
income
-
-
-
190
pensions
-
-
-
22
total
-
-
-
228
Employee
45
-
576
-
income
9
-
189
-
pensions
4
-
10
-
unemployment
-
-
1
-
health
2
-
5
-
total
15
-
205
-
Employer
45
-
576
-
pensions
5
-
12
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
24
-
Corporate
545
600
-
-
income
120
132
-
-
total
120
132
-
-
Dividends
425
468
-
-
withholding
85
94
-
-
total
85
94
-
-
Income
600
600
600
600
Total tax
230
226
229
228
After tax
370
374
371
372
Living cost
30
30
30
30
Free-cash
340
344
341
342

Estimated living cost  is $30 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$110
$137
$192
$247
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
unemployment
-
-
-
9
health
-
-
-
62
income
-
-
-
76
pensions
-
-
-
156
total
-
-
-
303
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.

283
-
509
-
income
39
-
84
-
pensions
40
-
71
-
unemployment
2
-
4
-
health
15
-
26
-
total
96
-
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.

283
-
509
-
pensions
34
-
61
-
health
15
-
26
-
unemployment
2
-
4
-
total
51
-
91
-
Corporate
267
600
-
-
income
40
90
-
-
total
40
90
-
-
Dividends
227
510
-
-
withholding
34
76
-
-
total
34
76
-
-
Income
600
600
600
600
Total tax
221
166
276
303
After tax
379
434
324
297
Living cost
187
187
187
187
Free-cash
192
247
137
110

Estimated living cost  is $187 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$55
$41
$45
$49
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
social contributions

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

-
-
-
209
income
-
-
-
44
surtax
-
-
-
-
total
-
-
-
253
Employee
421
-
485
-
income
82
-
99
-
social contributions
46
-
53
-
surtax
-
-
-
-
total
128
-
152
-
Employer
421
-
485
-
social contributions
100
-
115
-
total
100
-
115
-
Corporate
80
600
-
-
surtax
-
-
-
-
income
17
126
-
-
total
17
126
-
-
Dividends
63
474
-
-
withholding
18
133
-
-
total
18
133
-
-
Income
600
600
600
600
Total tax
263
259
267
253
After tax
337
341
333
347
Living cost
292
292
292
292
Free-cash
45
49
41
55

Estimated living cost  is $292 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-$49
-$44
-$90
$24
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
other
-
-
-
1
unemployment
-
-
-
4
accident
-
-
-
5
income
-
-
-
88
pensions
-
-
-
170
total
-
-
-
268
Employee
523
-
455
-
income
109
-
90
-
pensions
25
-
21
-
unemployment
8
-
7
-
other
1
-
-
-
total
143
-
118
-
Employer
523
-
455
-
pensions
123
-
107
-
other
4
-
4
-
accident
10
-
9
-
unemployment
29
-
25
-
total
166
-
145
-
Corporate
-
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.

-
90
-
-
total
-
90
-
-
Dividends
-
510
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
309
195
263
268
After tax
291
405
337
332
Living cost
381
381
381
381
Free-cash
-90
24
-44
-49

Estimated living cost  is $381 per week

$273
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$222
$233
$261
$327
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
unemployment
-
-
-
2
health
-
-
-
44
income
-
-
-
90
pensions

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

-
-
-
56
total
-
-
-
192
Employee
247
-
526
-
income
25
-
53
-
pensions

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

22
-
33
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
61
-
107
-
Employer
247
-
526
-
pensions

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

27
-
42
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
17
-
26
-
unemployment
1
-
2
-
total
48
-
74
-
Corporate
305
600
-
-
income
30
60
-
-
total
30
60
-
-
Dividends
274
540
-
-
withholding
14
27
-
-
total
14
27
-
-
Income
600
600
600
600
Total tax
153
87
181
192
After tax
447
513
419
408
Living cost
186
186
186
186
Free-cash
261
327
233
222

Estimated living cost  is $186 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$29
$43
$36
-$107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
trade
-
-
-
14
health

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

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

-
-
-
74
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.

-
-
-
62
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
-
-
-
153
Employee

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

539
-
600
-
surtax

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

2
-
3
-
income

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

44
-
62
-
health

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

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

74
-
74
-
total
120
-
139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61
600
-
-
trade
9
86
-
-
surtax

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

-
5
-
-
income
9
90
-
-
chamber of commerce
2
3
-
-
total
20
184
-
-
Dividends
41
416
-
-
surtax

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

-
5
-
-
withholding
6
100
-
-
total
6
105
-
-
Income
600
600
600
600
Total tax
146
289
139
153
After tax
454
311
461
447
Living cost
418
418
418
418
Free-cash
36
-107
43
29

Estimated living cost  is $418 per week

$289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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.

Source of data for Berlin model

Close
Dublin , Ireland
-$146
-$146
-$247
-$197
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
social contributions
-
-
-
43
income
-
-
-
86
total
-
-
-
129
Employee
848
-
600
-
social contributions
70
-
43
-
income
160
-
86
-
total
230
-
129
-
Employer
848
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
230
180
129
129
After tax
370
420
471
471
Living cost
617
617
617
617
Free-cash
-247
-197
-146
-146

Estimated living cost  is $617 per week

$470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-$173
$40
$2
-$60
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
health

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

-
-
-
72
income
-
-
-
308
total
-
-
-
380
Employee
497
-
550
-
social contributions
50
-
50
-
income
54
-
67
-
total
104
-
117
-
Employer
497
-
550
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
53
600
-
-
income
19
210
-
-
total
19
210
-
-
Dividends
35
390
-
-
social contributions
32
57
-
-
total
32
57
-
-
Income
600
600
600
600
Total tax
205
267
167
380
After tax
395
333
433
220
Living cost
393
393
393
393
Free-cash
2
-60
40
-173

Estimated living cost  is $393 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$46
-$13
-$22
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
income
-
-
-
113
pensions
-
-
-
36
total
-
-
-
149
Employee
556
-
536
-
income
101
-
98
-
pensions
42
-
40
-
health
7
-
7
-
total
150
-
145
-
Employer
556
-
536
-
pensions
56
-
53
-
health
11
-
10
-
total
67
-
63
-
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
217
150
208
149
After tax
383
450
392
451
Living cost
405
405
405
405
Free-cash
-22
45
-13
46

Estimated living cost  is $405 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$157
$61
$9
-$208
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
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
24
income
-
-
-
110
pensions
-
-
-
45
total
-
-
-
186
Employee
404
-
498
-
income
55
-
68
-
pensions
46
-
56
-
health
46
-
57
-
total
147
-
181
-
Employer
404
-
498
-
pensions
66
-
81
-
accident
7
-
8
-
unemployment
10
-
12
-
total
83
-
101
-
Corporate
113
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.

102
540
-
-
total
102
540
-
-
Dividends
11
60
-
-
withholding
2
11
-
-
total
2
11
-
-
Income
600
600
600
600
Total tax
334
551
282
186
After tax
266
49
318
414
Living cost
257
257
257
257
Free-cash
9
-208
61
157

Estimated living cost  is $257 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$211
$211
$312
$364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
600
work injury
-
-
-
3
unemployment
-
-
-
7
income
-
-
-
79
health insurance
-
-
-
44
pensions
-
-
-
110
total
-
-
-
243
Employee

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

234
-
600
-
income
23
-
79
-
work injury
1
-
3
-
pensions
43
-
110
-
unemployment
3
-
7
-
health insurance
17
-
44
-
total
87
-
243
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
366
600
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
366
600
-
-
withholding
55
90
-
-
total
55
90
-
-
Income
600
600
600
600
Total tax
142
90
243
243
After tax
458
510
357
357
Living cost
146
146
146
146
Free-cash
312
364
211
211

Estimated living cost  is $146 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-$107
-$141
-$313
-$116
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
social contributions
-
-
-
154
municipal
-
-
-
4
national
-
-
-
108
regional
-
-
-
9
total
-
-
-
275
Employee
913
-
600
-
national
154
-
95
-
social contributions
308
-
202
-
municipal
5
-
4
-
regional
14
-
8
-
total
481
-
309
-
Employer
913
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
29
-
-
total
-
173
-
-
Dividends
-
427
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
600
600
600
600
Total tax
481
284
309
275
After tax
119
316
291
325
Living cost
432
432
432
432
Free-cash
-313
-116
-141
-107

Estimated living cost  is $432 per week

$303
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
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