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
$ 650
per

Your estimated
City
free-cash

Dresden , Germany
$3
$121
$145
$168
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.

-
-
-
650
trade
-
-
-
23
income

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

-
-
-
76
health

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

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

-
-
-
74
surtax

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

-
-
-
4
total
-
-
-
177
Employee

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

414
-
650
-
health

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

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

74
-
74
-
surtax

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

1
-
4
-
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
-
76
-
total
87
-
154
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
236
650
-
-
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
35
97
-
-
trade
37
102
-
-
chamber of commerce
2
3
-
-
total
76
207
-
-
Dividends
159
442
-
-
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
6
-
-
withholding
36
106
-
-
total
38
112
-
-
Income
650
650
650
650
Total tax
201
319
154
177
After tax
449
331
496
473
Living cost
328
328
328
328
Free-cash
121
3
168
145

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
-$141
-$275
-$141
-$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
-
-
-
650
municipal
-
-
-
62
pensions
-
-
-
78
national
-
-
-
97
social contributions
-
-
-
7
total
-
-
-
244
Employee
848
-
562
-
municipal
105
-
65
-
pensions
34
-
22
-
national
162
-
101
-
total
301
-
188
-
Employer
848
-
562
-
social contributions
9
-
6
-
pensions
68
-
45
-
total
77
-
51
-
Corporate
-
650
-
-
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%.

-
130
-
-
total
-
130
-
-
Dividends
-
520
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
378
244
239
244
After tax
272
406
411
406
Living cost
547
547
547
547
Free-cash
-275
-141
-136
-141

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
$295
$207
$294
$146
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.

-
-
-
650
microenterprise
-
-
-
97
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
34
total
-
-
-
131
Employee
317
-
524
-
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
-
58
-
surtax
-
-
-
-
income
56
-
95
-
total
91
-
153
-
Employer
317
-
524
-
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
-
126
-
surtax
-
-
-
-
total
76
-
126
-
Corporate
257
650
-
-
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%.

51
130
-
-
total
51
130
-
-
Dividends

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

206
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
218
130
279
131
After tax
432
520
371
519
Living cost
225
225
225
225
Free-cash
207
295
146
294

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
-$364
-$424
-$83
-$424
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
-
-
-
650
income
-
-
-
62
pensions
-
-
-
117
health
-
-
-
100
total
-
-
-
279
Employee
925
925
925
-
health
142
121
142
-
income

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

151
151
151
-
pensions
166
127
166
-
total
459
399
459
-
Employer
925
925
925
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
620
560
620
279
After tax
30
90
30
371
Living cost
454
454
454
454
Free-cash
-424
-364
-424
-83

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
-$63
-$133
-$95
-$69
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
municipal
-
-
-
138
accident
-
-
-
1
pensions
-
-
-
70
other
-
-
-
76
unemployment
-
-
-
1
health
-
-
-
41
national
-
-
-
-
total
-
-
-
327
Employee
596
-
495
-
municipal
178
-
147
-
national
-
-
-
-
total
178
-
147
-
Employer
596
-
495
-
accident
1
-
1
-
other
69
-
57
-
unemployment
16
-
13
-
pensions
64
-
53
-
health
37
-
30
-
total
187
-
154
-
Corporate
-
650
-
-
income
-
143
-
-
total
-
143
-
-
Dividends
-
507
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
650
650
650
650
Total tax
365
295
301
327
After tax
285
355
349
323
Living cost
418
418
418
418
Free-cash
-133
-63
-69
-95

Estimated living cost  is $418 per week

$277
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-$98
$53
$47
$70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
trade
-
-
-
24
income

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

-
-
-
76
health

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

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

-
-
-
74
surtax

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

-
-
-
4
total
-
-
-
178
Employee

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

549
-
650
-
health

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

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

74
-
74
-
surtax

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

3
-
4
-
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
-
76
-
total
124
-
154
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
101
650
-
-
surtax

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

1
5
-
-
income
15
97
-
-
trade
17
107
-
-
chamber of commerce
2
3
-
-
total
35
212
-
-
Dividends
66
438
-
-
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
6
-
-
withholding
12
105
-
-
total
13
111
-
-
Income
650
650
650
650
Total tax
172
323
154
178
After tax
478
327
496
472
Living cost
426
426
426
426
Free-cash
53
-98
70
47

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
$55
$84
$155
$96
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
-
-
-
650
income
-
-
-
26
health
-
-
-
17
social contributions
-
-
-
101
total
-
-
-
144
Employee
833
833
833
-
social contributions
40
69
49
-
health
8
14
10
-
income
87
77
84
-
total
135
160
143
-
Employer
833
833
833
-
social contributions
40
69
49
-
health
9
15
11
-
total
49
84
60
-
Corporate
113
-
-
-
income
14
-
-
-
total
14
-
-
-
Dividends
99
-
-
-
withholding
17
-
-
-
total
17
-
-
-
Income
650
650
650
650
Total tax
215
244
203
144
After tax
435
406
447
506
Living cost
351
351
351
351
Free-cash
84
55
96
155

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
$171
$175
$254
$181
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
-
-
-
650
income
-
-
-
79
pensions
-
-
-
65
unemployment
-
-
-
10
health
-
-
-
45
total
-
-
-
199
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.

284
113
544
-
health
20
8
38
-
income
35
14
66
-
pensions
28
11
54
-
unemployment
4
2
8
-
total
87
35
166
-
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.

284
113
544
-
pensions
55
22
106
-
total
55
22
106
-
Corporate
311
515
-
-
income
28
46
-
-
total
28
46
-
-
Dividends
283
469
-
-
social contributions
54
90
-
-
withholding
54
89
-
-
total
108
179
-
-
Income
650
650
650
650
Total tax
278
282
272
199
After tax
372
368
378
451
Living cost
197
197
197
197
Free-cash
175
171
181
254

Estimated living cost  is $197 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$258
$191
$95
$118
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
-
-
-
650
income
-
-
-
78
pensions
-
-
-
130
health
-
-
-
85
total
-
-
-
293
Employee
307
-
486
-
income
35
-
88
-
pensions
6
-
10
-
unemployment
5
-
8
-
total
46
-
106
-
Employer
307
-
486
-
unemployment
2
-
4
-
pensions
61
-
97
-
health
40
-
63
-
total
103
-
164
-
Corporate
239
650
-
-
income
48
130
-
-
total
48
130
-
-
Dividends
191
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
197
130
270
293
After tax
453
520
380
357
Living cost
262
262
262
262
Free-cash
191
258
118
95

Estimated living cost  is $262 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-$184
$16
$212
$104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
3
income
-
-
-
126
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
201
Employee
373
-
540
-
health
43
-
62
-
income
51
-
76
-
pensions
42
-
61
-
total
136
-
199
-
Employer
373
-
540
-
accident
6
-
9
-
unemployment
9
-
13
-
pensions
61
-
88
-
total
76
-
110
-
Corporate
201
650
-
-
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.

181
585
-
-
total
181
585
-
-
Dividends
20
65
-
-
withholding
4
12
-
-
total
4
12
-
-
Income
650
650
650
650
Total tax
397
597
309
201
After tax
253
53
341
449
Living cost
237
237
237
237
Free-cash
16
-184
104
212

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
$520
$503
$546
$423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
650
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
122
-
650
-
income
24
-
130
-
total
24
-
130
-
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%.

528
650
-
-
total
-
-
-
-
Dividends
528
650
-
-
withholding
26
33
-
-
total
26
33
-
-
Income
650
650
650
650
Total tax
50
33
130
7
After tax
600
617
520
643
Living cost
97
97
97
97
Free-cash
503
520
423
546

Estimated living cost  is $97 per week

$60
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
$188
$113
$62
$94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
83
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.

-
-
-
156
other
-
-
-
31
health
-
-
-
29
total
-
-
-
299
Employee
393
-
519
-
health
6
-
7
-
income
68
-
89
-
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
-
36
-
unemployment
4
-
5
-
total
106
-
137
-
Employer
393
-
519
-
accident
3
-
4
-
other
20
-
26
-
unemployment
4
-
5
-
pensions

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

67
-
88
-
health
6
-
7
-
total
100
-
130
-
Corporate
158
650
-
-
income
33
137
-
-
total
33
137
-
-
Dividends
125
513
-
-
withholding
9
36
-
-
total
9
36
-
-
Income
650
650
650
650
Total tax
248
173
267
299
After tax
402
477
383
351
Living cost
289
289
289
289
Free-cash
113
188
94
62

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
-$239
-$519
-$239
-$305
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
-
-
-
650
income
-
-
-
122
pensions
-
-
-
40
total
-
-
-
162
Employee
1 028
-
580
-
health
17
-
8
-
income
185
-
105
-
pensions
99
-
45
-
total
301
-
158
-
Employer
1 028
-
580
-
pensions
121
-
59
-
health
20
-
11
-
total
141
-
70
-
Corporate
-
650
-
-
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.

-
123
-
-
total
-
123
-
-
Dividends
-
527
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
650
650
650
650
Total tax
442
162
228
162
After tax
208
488
422
488
Living cost
727
727
727
727
Free-cash
-519
-239
-305
-239

Estimated living cost  is $727 per week

$545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$414
$363
$308
$322
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
-
-
-
650
income
-
-
-
98
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
200
Employee
188
-
576
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
58
-
pensions

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

17
-
33
-
total
47
-
112
-
Employer
188
-
576
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
425
650
-
-
income
42
65
-
-
total
42
65
-
-
Dividends
382
585
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
650
650
650
650
Total tax
145
94
186
200
After tax
505
556
464
450
Living cost
142
142
142
142
Free-cash
363
414
322
308

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
-$511
-$530
-$230
-$571
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
-
-
-
650
income
-
-
-
62
pensions
-
-
-
117
health
-
-
-
100
total
-
-
-
279
Employee
1 004
925
925
-
health
125
121
142
-
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
166
-
total
403
399
459
-
Employer
1 004
925
925
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
70
64
64
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
579
560
620
279
After tax
71
90
30
371
Living cost
601
601
601
601
Free-cash
-530
-511
-571
-230

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
$188
$96
$57
$71
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
-
-
-
650
income
-
-
-
56
health
-
-
-
88
solidarity contribution
-
-
-
-
social contributions
-
-
-
190
total
-
-
-
334
Employee
382
-
485
-
social contributions
25
-
32
-
health
52
-
65
-
solidarity contribution
-
-
-
-
income
46
-
58
-
total
123
-
155
-
Employer
382
-
485
-
social contributions
95
-
121
-
health
34
-
44
-
total
129
-
165
-
Corporate
139
650
-
-
income
26
124
-
-
total
26
124
-
-
Dividends
112
526
-
-
withholding
17
79
-
-
total
17
79
-
-
Income
650
650
650
650
Total tax
295
203
320
334
After tax
355
447
330
316
Living cost
259
259
259
259
Free-cash
96
188
71
57

Estimated living cost  is $259 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$110
-$313
-$103
-$139
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
-
-
-
650
municipal
-
-
-
4
regional
-
-
-
7
national
-
-
-
118
social contributions
-
-
-
167
total
-
-
-
296
Employee
963
-
650
-
social contributions
325
-
219
-
regional
9
-
6
-
municipal
5
-
3
-
national
167
-
104
-
total
506
-
332
-
Employer
963
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
25
-
-
total
-
181
-
-
Dividends
-
469
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
650
650
650
650
Total tax
506
303
332
296
After tax
144
347
318
354
Living cost
457
457
457
457
Free-cash
-313
-110
-139
-103

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
$170
$137
$126
$111
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
-
-
-
650
income
-
-
-
100
pensions
-
-
-
130
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
46
surtax
-
-
-
7
total
-
-
-
285
Employee
358
-
537
-
other
-
-
-
-
health
9
-
14
-
surtax
1
-
6
-
income
60
-
94
-
pensions
24
-
36
-
unemployment
25
-
37
-
total
119
-
187
-
Employer
358
-
537
-
other
-
-
-
-
unemployment
11
-
17
-
pensions
48
-
72
-
health
16
-
24
-
total
75
-
113
-
Corporate
216
650
-
-
income
56
169
-
-
total
56
169
-
-
Dividends
160
481
-
-
withholding
24
72
-
-
total
24
72
-
-
Income
650
650
650
650
Total tax
274
241
300
285
After tax
376
409
350
365
Living cost
239
239
239
239
Free-cash
137
170
111
126

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
-$9
-$128
-$9
-$75
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
-
-
-
650
income
-
-
-
122
pensions
-
-
-
40
total
-
-
-
162
Employee
689
-
580
-
health
10
-
8
-
income
124
-
105
-
pensions
59
-
45
-
total
193
-
158
-
Employer
689
-
580
-
pensions
75
-
59
-
health
13
-
11
-
total
88
-
70
-
Corporate
-
650
-
-
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.

-
123
-
-
total
-
123
-
-
Dividends
-
527
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
650
650
650
650
Total tax
281
162
228
162
After tax
369
488
422
488
Living cost
497
497
497
497
Free-cash
-128
-9
-75
-9

Estimated living cost  is $497 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$521
-$398
-$269
-$302
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
-
-
-
650
city
-
-
-
7
pensions
-
-
-
60
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.

-
-
-
13
regional
-
-
-
15
health
-
-
-
3
national
-
-
-
2
total
-
-
-
100
Employee
958
-
582
-
city
10
-
6
-
regional
31
-
13
-
health
2
-
1
-
pensions
80
-
49
-
unemployment
-
-
-
-
national
5
-
2
-
total
128
-
71
-
Employer
958
-
582
-
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
-
12
-
unemployment
-
-
-
-
pensions
80
-
49
-
health
2
-
1
-
total
101
-
62
-
Corporate
-
650
-
-
regional
-
137
-
-
national
-
55
-
-
total
-
192
-
-
Dividends
-
457
-
-
withholding
-
160
-
-
total
-
160
-
-
Income
650
650
650
650
Total tax
229
352
133
100
After tax
421
298
517
550
Living cost
819
819
819
819
Free-cash
-398
-521
-302
-269

Estimated living cost  is $819 per week

$532
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
-$172
-$1
-$25
$0
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.

-
-
-
650
trade
-
-
-
25
income

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

-
-
-
76
health

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

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

-
-
-
74
surtax

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

-
-
-
4
total
-
-
-
179
Employee

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

651
-
650
-
health

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

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

74
-
74
-
surtax

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

4
-
4
-
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
-
76
-
total
155
-
154
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
650
-
-
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
-
97
-
-
trade
-
111
-
-
chamber of commerce
-
3
-
-
total
-
216
-
-
Dividends
-
433
-
-
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.

-
6
-
-
withholding
-
104
-
-
total
-
110
-
-
Income
650
650
650
650
Total tax
155
326
154
179
After tax
495
324
496
471
Living cost
496
496
496
496
Free-cash
-1
-172
-
-25

Estimated living cost  is $496 per week

$362
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
-$44
$22
$18
$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
-
-
-
650
income
-
-
-
30
pensions
-
-
-
186
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
261
Employee
464
-
495
-
social contributions
13
-
14
-
surtax
-
-
-
-
income
27
-
31
-
pensions
52
-
56
-
total
92
-
101
-
Employer
464
-
495
-
other
16
-
17
-
social contributions
1
-
1
-
unemployment
19
-
20
-
pensions
76
-
81
-
health
32
-
35
-
total
144
-
154
-
Corporate
42
650
-
-
surtax
-
-
-
-
income
12
182
-
-
total
12
182
-
-
Dividends
30
468
-
-
surtax
-
-
-
-
social contributions
5
81
-
-
withholding
4
60
-
-
total
9
141
-
-
Income
650
650
650
650
Total tax
257
323
255
261
After tax
393
327
395
389
Living cost
371
371
371
371
Free-cash
22
-44
24
18

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

Source of data for Nice model

Close
Marseille , France
-$7
$54
$55
$61
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
30
pensions
-
-
-
186
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
261
Employee
414
-
495
-
social contributions
12
-
14
-
surtax
-
-
-
-
income
21
-
31
-
pensions
47
-
56
-
total
80
-
101
-
Employer
414
-
495
-
other
14
-
17
-
social contributions
1
-
1
-
unemployment
17
-
20
-
pensions
68
-
81
-
health
29
-
35
-
total
129
-
154
-
Corporate
107
650
-
-
surtax
-
-
-
-
income
30
182
-
-
total
30
182
-
-
Dividends
77
468
-
-
surtax
-
-
-
-
social contributions
13
81
-
-
withholding
10
60
-
-
total
23
141
-
-
Income
650
650
650
650
Total tax
262
323
255
261
After tax
388
327
395
389
Living cost
334
334
334
334
Free-cash
54
-7
61
55

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
$167
$172
$188
$159
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
-
-
-
650
income
-
-
-
97
health
-
-
-
45
social contributions
-
-
-
90
total
-
-
-
232
Employee
367
-
650
-
social contributions
51
-
90
-
health
26
-
45
-
income
61
-
126
-
total
138
-
261
-
Employer
367
-
650
-
total
-
-
-
-
Corporate
283
650
-
-
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%.

14
32
-
-
total
14
32
-
-
Dividends
269
618
-
-
health
19
43
-
-
social contributions
37
85
-
-
withholding
40
93
-
-
total
96
221
-
-
Income
650
650
650
650
Total tax
248
253
261
232
After tax
402
397
389
418
Living cost
230
230
230
230
Free-cash
172
167
159
188

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
-$10
-$58
-$24
-$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
-
-
-
650
chamber of commerce
-
-
-
3
income
-
-
-
51
pensions
-
-
-
120
unemployment
-
-
-
66
health
-
-
-
50
surtax
-
-
-
2
total
-
-
-
292
Employee
541
432
503
-
other
5
4
5
-
health
21
17
19
-
income
62
32
51
-
pensions
55
44
52
-
unemployment
16
13
15
-
total
159
110
142
-
Employer
541
432
503
-
accident
7
6
7
-
other
26
20
24
-
chamber of commerce
2
2
2
-
unemployment
16
13
15
-
surtax
2
2
2
-
pensions
68
54
63
-
payroll
16
13
15
-
health
20
16
19
-
total
157
126
147
-
Corporate
41
92
462
-
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
23
115
-
total
10
23
115
-
Dividends
-
69
-
-
withholding
-
19
-
-
total
-
19
-
-
Income
650
650
650
650
Total tax
326
278
404
292
After tax
324
372
246
358
Living cost
382
382
382
382
Free-cash
-58
-10
-136
-24

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
-$29
-$350
-$50
-$118
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
-
-
-
650
national
-
-
-
193
communal

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

-
-
-
34
social contributions
-
-
-
78
total
-
-
-
305
Employee

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

775
-
503
-
communal

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

40
-
26
-
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
-
24
-
pensions

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

58
-
38
-
unemployment

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

7
-
4
-
national
238
-
134
-
total
379
-
226
-
Employer

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

775
-
503
-
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
-
7
-
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
-
57
-
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
-
45
-
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
-
31
-
total
226
-
147
-
Corporate
-
650
-
-
surtax
-
3
-
-
income
-
130
-
-
total
-
133
-
-
Dividends
-
517
-
-
withholding

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

-
151
-
-
total
-
151
-
-
Income
650
650
650
650
Total tax
605
284
373
305
After tax
45
366
277
345
Living cost
395
395
395
395
Free-cash
-350
-29
-118
-50

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
$48
-$61
-$36
-$30
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
6
income
-
-
-
99
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
295
Employee
539
-
493
-
other
1
-
-
-
income
114
-
101
-
pensions
25
-
23
-
unemployment
8
-
8
-
total
148
-
132
-
Employer
539
-
493
-
accident
11
-
10
-
other
4
-
4
-
unemployment
30
-
27
-
pensions
127
-
116
-
total
172
-
157
-
Corporate
-
650
-
-
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.

-
97
-
-
total
-
97
-
-
Dividends
-
553
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
320
211
289
295
After tax
330
439
361
355
Living cost
391
391
391
391
Free-cash
-61
48
-30
-36

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
-$181
-$269
-$161
-$148
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
-
-
-
650
accident
-
-
-
6
income
-
-
-
29
pensions
-
-
-
104
health
-
-
-
49
surtax
-
-
-
34
communal
-
-
-
-
total
-
-
-
222
Employee
820
-
581
-
health
37
-
26
-
surtax
50
-
36
-
income
79
-
32
-
pensions
66
-
46
-
total
232
-
140
-
Employer
820
-
581
-
accident
7
-
5
-
pensions
66
-
46
-
health
25
-
18
-
total
98
-
69
-
Corporate
-
650
-
-
surtax
-
7
-
-
communal
-
44
-
-
income
-
97
-
-
total
-
148
-
-
Dividends
-
502
-
-
income
-
19
-
-
withholding
-
75
-
-
total
-
94
-
-
Income
650
650
650
650
Total tax
330
242
209
222
After tax
320
408
441
428
Living cost
589
589
589
589
Free-cash
-269
-181
-148
-161

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
$166
$132
$122
$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
-
-
-
650
income
-
-
-
100
pensions
-
-
-
130
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
46
surtax
-
-
-
7
total
-
-
-
285
Employee
365
-
537
-
other
-
-
-
-
health
9
-
14
-
surtax
1
-
6
-
income
61
-
94
-
pensions
24
-
36
-
unemployment
25
-
37
-
total
120
-
187
-
Employer
365
-
537
-
other
-
-
-
-
unemployment
12
-
17
-
pensions
49
-
72
-
health
17
-
24
-
total
78
-
113
-
Corporate
208
650
-
-
income
54
169
-
-
total
54
169
-
-
Dividends
154
481
-
-
withholding
23
72
-
-
total
23
72
-
-
Income
650
650
650
650
Total tax
275
241
300
285
After tax
375
409
350
365
Living cost
243
243
243
243
Free-cash
132
166
107
122

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
$50
$26
$59
$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
-
-
-
650
municipal
-
-
-
4
regional
-
-
-
10
national
-
-
-
118
social contributions
-
-
-
167
total
-
-
-
299
Employee
601
-
650
-
social contributions
203
-
219
-
regional
8
-
9
-
municipal
3
-
3
-
national
95
-
104
-
total
309
-
335
-
Employer
601
-
650
-
total
-
-
-
-
Corporate
49
650
-
-
nationa
12
156
-
-
municipal
2
32
-
-
total
14
188
-
-
Dividends
35
462
-
-
withholding
9
120
-
-
total
9
120
-
-
Income
650
650
650
650
Total tax
332
308
335
299
After tax
318
342
315
351
Living cost
292
292
292
292
Free-cash
26
50
23
59

Estimated living cost  is $292 per week

$181
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
$127
$14
-$4
$10
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
-
-
-
650
income
-
-
-
56
health
-
-
-
88
solidarity contribution
-
-
-
-
social contributions
-
-
-
190
total
-
-
-
334
Employee
470
-
485
-
social contributions
31
-
32
-
health
63
-
65
-
solidarity contribution
-
-
-
-
income
56
-
58
-
total
150
-
155
-
Employer
470
-
485
-
social contributions
118
-
121
-
health
42
-
44
-
total
160
-
165
-
Corporate
20
650
-
-
income
4
124
-
-
total
4
124
-
-
Dividends
16
526
-
-
withholding
2
79
-
-
total
2
79
-
-
Income
650
650
650
650
Total tax
316
203
320
334
After tax
334
447
330
316
Living cost
320
320
320
320
Free-cash
14
127
10
-4

Estimated living cost  is $320 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
$27
$24
$14
-$100
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
-
-
-
650
chamber of commerce
-
-
-
3
income
-
-
-
51
pensions
-
-
-
120
unemployment
-
-
-
66
health
-
-
-
50
surtax
-
-
-
-
total
-
-
-
290
Employee
473
432
505
-
other
5
4
5
-
health
18
17
20
-
income
42
32
51
-
pensions
48
44
52
-
unemployment
14
13
15
-
total
127
110
143
-
Employer
473
432
505
-
accident
6
6
7
-
other
22
20
24
-
chamber of commerce
2
2
2
-
unemployment
14
13
15
-
surtax
-
-
-
-
pensions
59
54
63
-
payroll
14
13
15
-
health
18
16
19
-
total
135
124
145
-
Corporate
41
94
464
-
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
24
116
-
total
10
24
116
-
Dividends
30
71
-
-
withholding
8
19
-
-
total
8
19
-
-
Income
650
650
650
650
Total tax
280
277
404
290
After tax
370
373
246
360
Living cost
346
346
346
346
Free-cash
24
27
-100
14

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
$465
$437
$491
$368
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%.

-
-
-
650
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
190
-
650
-
income
38
-
130
-
total
38
-
130
-
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%.

460
650
-
-
total
-
-
-
-
Dividends
460
650
-
-
withholding
23
33
-
-
total
23
33
-
-
Income
650
650
650
650
Total tax
61
33
130
7
After tax
589
617
520
643
Living cost
152
152
152
152
Free-cash
437
465
368
491

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
$157
$66
$64
$47
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.

-
-
-
650
income
-
-
-
111
pensions
-
-
-
119
unemployment
-
-
-
1
health
-
-
-
64
total
-
-
-
295
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
-
562
-
health
31
-
36
-
income
83
-
101
-
pensions
74
-
87
-
unemployment
1
-
1
-
total
189
-
225
-
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
-
562
-
unemployment
-
-
-
-
pensions
42
-
50
-
health
32
-
37
-
total
74
-
87
-
Corporate
96
650
-
-
income
18
123
-
-
total
18
123
-
-
Dividends
78
527
-
-
withholding
12
79
-
-
total
12
79
-
-
Income
650
650
650
650
Total tax
293
202
312
295
After tax
357
448
338
355
Living cost
291
291
291
291
Free-cash
66
157
47
64

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
-$73
-$967
-$19
$39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
127
social contributions
-
-
-
74
total
-
-
-
201
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
Corporate
-
650
-
-
income
-
143
-
-
total
-
143
-
-
Dividends
-
507
-
-
income
-
112
-
-
total
-
112
-
-
Income
650
650
650
650
Total tax
1 149
255
143
201
After tax
-499
395
507
449
Living cost
468
468
468
468
Free-cash
-967
-73
39
-19

Estimated living cost  is $468 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
$29
$19
$34
$15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
650
income
-
-
-
50
surtax
-
-
-
-
social contributions

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

-
-
-
226
total
-
-
-
276
Employee
498
-
525
-
social contributions
55
-
58
-
surtax
-
-
-
-
income
104
-
112
-
total
159
-
170
-
Employer
498
-
525
-
social contributions
118
-
125
-
total
118
-
125
-
Corporate
34
650
-
-
surtax
-
-
-
-
income
7
137
-
-
total
7
137
-
-
Dividends
26
513
-
-
withholding
7
144
-
-
total
7
144
-
-
Income
650
650
650
650
Total tax
291
281
295
276
After tax
359
369
355
374
Living cost
340
340
340
340
Free-cash
19
29
15
34

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
-$196
-$238
-$134
-$128
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
-
-
-
650
income
-
-
-
30
pensions
-
-
-
186
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
261
Employee
678
-
495
-
social contributions
19
-
14
-
surtax
-
-
-
-
income
59
-
31
-
pensions
77
-
56
-
total
155
-
101
-
Employer
678
-
495
-
other
23
-
17
-
social contributions
2
-
1
-
unemployment
27
-
20
-
pensions
111
-
81
-
health
47
-
35
-
total
210
-
154
-
Corporate
-
650
-
-
surtax
-
-
-
-
income
-
182
-
-
total
-
182
-
-
Dividends
-
468
-
-
surtax
-
-
-
-
social contributions
-
81
-
-
withholding
-
60
-
-
total
-
141
-
-
Income
650
650
650
650
Total tax
365
323
255
261
After tax
285
327
395
389
Living cost
523
523
523
523
Free-cash
-238
-196
-128
-134

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
$259
$222
$180
$198
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
-
-
-
650
income
-
-
-
1
social contributions
-
-
-
143
total
-
-
-
144
Employee
348
-
563
-
income
-
-
2
-
social contributions
23
-
37
-
total
23
-
39
-
Employer
348
-
563
-
social contributions
54
-
87
-
total
54
-
87
-
Corporate
248
650
-
-
income
25
65
-
-
total
25
65
-
-
Dividends
223
585
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
102
65
126
144
After tax
548
585
524
506
Living cost
326
326
326
326
Free-cash
222
259
198
180

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
-$1711
-$1711
-$101
-$1711
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
-
-
-
650
municipal
-
-
-
107
pensions
-
-
-
9
national
-
-
-
62
labour market
-
-
-
51
total
-
-
-
229
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
1 839
1 839
1 839
229
After tax
-1 189
-1 189
-1 189
421
Living cost
522
522
522
522
Free-cash
-1 711
-1 711
-1 711
-101

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
$18
$216
$108
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
-
-
-
650
accident
-
-
-
3
income
-
-
-
126
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
201
Employee
367
-
540
-
health
42
-
62
-
income
50
-
76
-
pensions
41
-
61
-
total
133
-
199
-
Employer
367
-
540
-
accident
6
-
9
-
unemployment
9
-
13
-
pensions
60
-
88
-
total
75
-
110
-
Corporate
208
650
-
-
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.

187
585
-
-
total
187
585
-
-
Dividends
21
65
-
-
withholding
4
12
-
-
total
4
12
-
-
Income
650
650
650
650
Total tax
399
597
309
201
After tax
251
53
341
449
Living cost
233
233
233
233
Free-cash
18
-180
108
216

Estimated living cost  is $233 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
$32
-$27
$85
-$17
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
municipal
-
-
-
116
health
-
-
-
5
national
-
-
-
28
total
-
-
-
149
Employee
570
-
547
-
health
4
-
4
-
municipal
93
-
90
-
pensions
38
-
37
-
unemployment
9
-
8
-
national
9
-
8
-
total
153
-
147
-
Employer
570
-
547
-
accident
1
-
1
-
unemployment
4
-
4
-
pensions
99
-
95
-
health
4
-
4
-
total
108
-
104
-
Corporate
-
650
-
-
income
-
130
-
-
total
-
130
-
-
Dividends

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

-
390
-
-
national
-
2
-
-
municipal
-
70
-
-
total
-
72
-
-
Income
650
650
650
650
Total tax
261
202
251
149
After tax
389
448
399
501
Living cost
416
416
416
416
Free-cash
-27
32
-17
85

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
$155
$169
$255
$196
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
-
-
-
650
income
-
-
-
26
health
-
-
-
17
social contributions
-
-
-
101
total
-
-
-
144
Employee
833
833
833
-
social contributions
31
69
49
-
health
6
14
10
-
income
91
77
84
-
total
128
160
143
-
Employer
833
833
833
-
social contributions
31
69
49
-
health
7
15
11
-
total
38
84
60
-
Corporate
232
-
-
-
income
29
-
-
-
total
29
-
-
-
Dividends
203
-
-
-
withholding
35
-
-
-
total
35
-
-
-
Income
650
650
650
650
Total tax
230
244
203
144
After tax
420
406
447
506
Living cost
251
251
251
251
Free-cash
169
155
196
255

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
$367
$311
$314
$232
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
-
-
-
650
income
-
-
-
56
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
164
Employee

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

249
-
589
-
health
21
-
50
-
income
17
-
45
-
pensions
37
-
88
-
unemployment
1
-
3
-
total
76
-
186
-
Employer

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

249
-
589
-
unemployment
1
-
3
-
pensions
14
-
32
-
health
11
-
25
-
total
26
-
60
-
Corporate
376
650
-
-
income
34
58
-
-
total
34
58
-
-
Dividends
342
592
-
-
withholding
31
53
-
-
total
31
53
-
-
Income
650
650
650
650
Total tax
167
111
246
164
After tax
483
539
404
486
Living cost
172
172
172
172
Free-cash
311
367
232
314

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
$141
$84
$57
$63
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
6
income
-
-
-
99
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
295
Employee
400
-
493
-
other
-
-
-
-
income
77
-
101
-
pensions
19
-
23
-
unemployment
6
-
8
-
total
102
-
132
-
Employer
400
-
493
-
accident
8
-
10
-
other
3
-
4
-
unemployment
22
-
27
-
pensions
95
-
116
-
total
128
-
157
-
Corporate
122
650
-
-
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.

18
97
-
-
total
18
97
-
-
Dividends
104
553
-
-
withholding
20
114
-
-
total
20
114
-
-
Income
650
650
650
650
Total tax
268
211
289
295
After tax
382
439
361
355
Living cost
298
298
298
298
Free-cash
84
141
63
57

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
$376
$371
$374
$373
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
-
-
-
650
income
-
-
-
208
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
246
Employee
45
-
626
-
health
2
-
5
-
income
9
-
207
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
223
-
Employer
45
-
626
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
595
650
-
-
income
131
143
-
-
total
131
143
-
-
Dividends
464
507
-
-
withholding
93
101
-
-
total
93
101
-
-
Income
650
650
650
650
Total tax
249
244
247
246
After tax
401
406
403
404
Living cost
30
30
30
30
Free-cash
371
376
373
374

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
$282
$228
$134
$163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
650
income
-
-
-
83
pensions
-
-
-
169
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
329
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.

282
-
551
-
health
15
-
28
-
income
39
-
93
-
pensions
40
-
77
-
unemployment
2
-
4
-
total
96
-
202
-
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.

282
-
551
-
unemployment
2
-
4
-
pensions
34
-
66
-
health
15
-
28
-
total
51
-
98
-
Corporate
317
650
-
-
income
48
98
-
-
total
48
98
-
-
Dividends
269
552
-
-
withholding
40
83
-
-
total
40
83
-
-
Income
650
650
650
650
Total tax
235
181
300
329
After tax
415
469
350
321
Living cost
187
187
187
187
Free-cash
228
282
163
134

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
$77
$74
$82
$63
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
650
income
-
-
-
50
surtax
-
-
-
-
social contributions

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

-
-
-
226
total
-
-
-
276
Employee
420
-
525
-
social contributions
46
-
58
-
surtax
-
-
-
-
income
82
-
112
-
total
128
-
170
-
Employer
420
-
525
-
social contributions
100
-
125
-
total
100
-
125
-
Corporate
130
650
-
-
surtax
-
-
-
-
income
27
137
-
-
total
27
137
-
-
Dividends
103
513
-
-
withholding
29
144
-
-
total
29
144
-
-
Income
650
650
650
650
Total tax
284
281
295
276
After tax
366
369
355
374
Living cost
292
292
292
292
Free-cash
74
77
63
82

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
$58
-$40
-$26
-$20
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
-
-
-
650
accident
-
-
-
6
income
-
-
-
99
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
295
Employee
523
-
493
-
other
1
-
-
-
income
109
-
101
-
pensions
25
-
23
-
unemployment
8
-
8
-
total
143
-
132
-
Employer
523
-
493
-
accident
10
-
10
-
other
4
-
4
-
unemployment
29
-
27
-
pensions
123
-
116
-
total
166
-
157
-
Corporate
-
650
-
-
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.

-
97
-
-
total
-
97
-
-
Dividends
-
553
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
309
211
289
295
After tax
341
439
361
355
Living cost
381
381
381
381
Free-cash
-40
58
-20
-26

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
$370
$304
$264
$278
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
-
-
-
650
income
-
-
-
98
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
200
Employee
247
-
576
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
58
-
pensions

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

22
-
33
-
total
61
-
112
-
Employer
247
-
576
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
355
650
-
-
income
35
65
-
-
total
35
65
-
-
Dividends
319
585
-
-
withholding
16
29
-
-
total
16
29
-
-
Income
650
650
650
650
Total tax
160
94
186
200
After tax
490
556
464
450
Living cost
186
186
186
186
Free-cash
304
370
278
264

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
-$81
$60
$57
$78
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.

-
-
-
650
trade
-
-
-
21
income

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

-
-
-
76
health

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

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

-
-
-
74
surtax

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

-
-
-
4
total
-
-
-
175
Employee

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

539
-
650
-
health

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

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

74
-
74
-
surtax

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

2
-
4
-
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
-
76
-
total
120
-
154
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
111
650
-
-
surtax

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

1
5
-
-
income
17
97
-
-
trade
16
93
-
-
chamber of commerce
2
3
-
-
total
36
198
-
-
Dividends
76
451
-
-
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
6
-
-
withholding
15
109
-
-
total
16
115
-
-
Income
650
650
650
650
Total tax
172
313
154
175
After tax
478
337
496
475
Living cost
418
418
418
418
Free-cash
60
-81
78
57

Estimated living cost  is $418 per week

$288
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
-$162
-$197
-$112
-$112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
96
social contributions
-
-
-
49
total
-
-
-
145
Employee
847
-
650
-
income
160
-
96
-
social contributions
70
-
49
-
total
230
-
145
-
Employer
847
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
income
-
81
-
-
total
-
81
-
-
Dividends
-
569
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
230
195
145
145
After tax
420
455
505
505
Living cost
617
617
617
617
Free-cash
-197
-162
-112
-112

Estimated living cost  is $617 per week

$469
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
-$28
$35
-$123
$77
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.

-
-
-
650
income
-
-
-
308
health

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

-
-
-
72
total
-
-
-
380
Employee
497
-
600
-
income
54
-
80
-
social contributions
50
-
50
-
total
104
-
130
-
Employer
497
-
600
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
103
650
-
-
income
36
228
-
-
total
36
228
-
-
Dividends
67
422
-
-
social contributions
32
57
-
-
total
32
57
-
-
Income
650
650
650
650
Total tax
222
285
180
380
After tax
428
365
470
270
Living cost
393
393
393
393
Free-cash
35
-28
77
-123

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
$84
$21
$84
$18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
122
pensions
-
-
-
40
total
-
-
-
162
Employee
554
-
580
-
health
7
-
8
-
income
101
-
105
-
pensions
42
-
45
-
total
150
-
158
-
Employer
554
-
580
-
pensions
56
-
59
-
health
11
-
11
-
total
67
-
70
-
Corporate
29
650
-
-
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.

6
123
-
-
total
6
123
-
-
Dividends
24
527
-
-
withholding
2
39
-
-
total
2
39
-
-
Income
650
650
650
650
Total tax
225
162
228
162
After tax
425
488
422
488
Living cost
404
404
404
404
Free-cash
21
84
18
84

Estimated living cost  is $404 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$203
$14
$193
$85
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
-
-
-
650
accident
-
-
-
3
income
-
-
-
126
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
201
Employee
403
-
540
-
health
46
-
62
-
income
55
-
76
-
pensions
45
-
61
-
total
146
-
199
-
Employer
403
-
540
-
accident
7
-
9
-
unemployment
10
-
13
-
pensions
66
-
88
-
total
83
-
110
-
Corporate
164
650
-
-
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.

148
585
-
-
total
148
585
-
-
Dividends
16
65
-
-
withholding
3
12
-
-
total
3
12
-
-
Income
650
650
650
650
Total tax
380
597
309
201
After tax
270
53
341
449
Living cost
256
256
256
256
Free-cash
14
-203
85
193

Estimated living cost  is $256 per week

$188
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
$407
$355
$237
$237
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.

-
-
-
650
work injury
-
-
-
3
health insurance
-
-
-
48
income
-
-
-
88
pensions
-
-
-
120
unemployment
-
-
-
8
total
-
-
-
267
Employee

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

234
-
650
-
work injury
1
-
3
-
income
23
-
88
-
pensions
43
-
120
-
health insurance
17
-
48
-
unemployment
3
-
8
-
total
87
-
267
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
416
650
-
-
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
416
650
-
-
withholding
62
97
-
-
total
62
97
-
-
Income
650
650
650
650
Total tax
149
97
267
267
After tax
501
553
383
383
Living cost
146
146
146
146
Free-cash
355
407
237
237

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
-$88
-$262
-$80
-$118
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
-
-
-
650
municipal
-
-
-
4
regional
-
-
-
10
national
-
-
-
118
social contributions
-
-
-
167
total
-
-
-
299
Employee
913
-
650
-
social contributions
308
-
219
-
regional
14
-
9
-
municipal
5
-
4
-
national
154
-
104
-
total
481
-
336
-
Employer
913
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
31
-
-
total
-
187
-
-
Dividends
-
463
-
-
withholding
-
120
-
-
total
-
120
-
-
Income
650
650
650
650
Total tax
481
307
336
299
After tax
169
343
314
351
Living cost
432
432
432
432
Free-cash
-262
-88
-118
-80

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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