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
$ 850
per

Your estimated
City
free-cash

Dresden , Germany
$104
$222
$246
$301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
trade
-
-
-
55
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.

-
-
-
141
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.

-
-
-
8
total
-
-
-
278
Employee

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

412
-
850
-
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
-
8
-
income

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

12
-
141
-
total
87
-
223
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
438
850
-
-
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
7
-
-
income
66
127
-
-
trade
69
134
-
-
chamber of commerce
2
3
-
-
total
141
271
-
-
Dividends
297
579
-
-
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
8
-
-
withholding
70
141
-
-
total
74
149
-
-
Income
850
850
850
850
Total tax
302
420
223
278
After tax
548
430
627
572
Living cost
326
326
326
326
Free-cash
222
104
301
246

Estimated living cost  is $326 per week

$205
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
-$13
-$68
-$23
-$16
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
municipal
-
-
-
86
pensions
-
-
-
102
national
-
-
-
133
social contributions
-
-
-
9
total
-
-
-
330
Employee
842
-
735
-
municipal
104
-
89
-
pensions
34
-
29
-
national
161
-
138
-
total
299
-
256
-
Employer
842
-
735
-
social contributions
9
-
8
-
pensions
67
-
59
-
total
76
-
67
-
Corporate
-
850
-
-
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%.

-
170
-
-
total
-
170
-
-
Dividends
-
680
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
850
850
850
850
Total tax
375
320
323
330
After tax
475
530
527
520
Living cost
543
543
543
543
Free-cash
-68
-13
-16
-23

Estimated living cost  is $543 per week

$369
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.
$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.
$115
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
$456
$367
$233
$258
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.

-
-
-
850
microenterprise
-
-
-
-
income
-
-
-
120
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.

-
-
-
273
total
-
-
-
393
Employee
315
-
685
-
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
-
75
-
surtax
-
-
-
-
income
56
-
128
-
total
91
-
203
-
Employer
315
-
685
-
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
-
165
-
surtax
-
-
-
-
total
76
-
165
-
Corporate
459
850
-
-
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%.

92
170
-
-
total
92
170
-
-
Dividends

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

367
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
259
170
368
393
After tax
591
680
482
457
Living cost
224
224
224
224
Free-cash
367
456
258
233

Estimated living cost  is $224 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
-$159
-$220
$33
-$220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
124
pensions
-
-
-
126
health
-
-
-
116
total
-
-
-
366
Employee
920
920
920
-
health
141
120
141
-
income

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

151
151
151
-
pensions
166
126
166
-
total
458
397
458
-
Employer
920
920
920
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
619
558
619
366
After tax
231
292
231
484
Living cost
451
451
451
451
Free-cash
-220
-159
-220
33

Estimated living cost  is $451 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$49
$40
$8
$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
-
-
-
850
municipal
-
-
-
180
accident
-
-
-
2
pensions
-
-
-
92
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
-
total
-
-
-
427
Employee
592
-
647
-
municipal
176
-
193
-
national
-
-
-
-
total
176
-
193
-
Employer
592
-
647
-
accident
1
-
1
-
other
69
-
75
-
unemployment
16
-
17
-
pensions
64
-
70
-
health
36
-
40
-
total
186
-
203
-
Corporate
72
850
-
-
income
16
187
-
-
total
16
187
-
-
Dividends
56
663
-
-
withholding
17
199
-
-
total
17
199
-
-
Income
850
850
850
850
Total tax
395
386
396
427
After tax
455
464
454
423
Living cost
415
415
415
415
Free-cash
40
49
39
8

Estimated living cost  is $415 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$3
$153
$147
$204
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.

-
-
-
850
trade
-
-
-
57
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.

-
-
-
141
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.

-
-
-
8
total
-
-
-
280
Employee

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

547
-
850
-
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
-
8
-
income

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

47
-
141
-
total
124
-
223
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
303
850
-
-
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
7
-
-
income
46
127
-
-
trade
50
140
-
-
chamber of commerce
2
3
-
-
total
100
277
-
-
Dividends
203
573
-
-
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
8
-
-
withholding
47
139
-
-
total
50
147
-
-
Income
850
850
850
850
Total tax
274
424
223
280
After tax
576
426
627
570
Living cost
423
423
423
423
Free-cash
153
3
204
147

Estimated living cost  is $423 per week

$283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$256
$230
$279
$267
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
-
-
-
850
income
-
-
-
66
health
-
-
-
22
social contributions
-
-
-
133
total
-
-
-
221
Employee
829
829
829
-
social contributions
40
69
64
-
health
8
14
13
-
income
87
77
78
-
total
135
160
155
-
Employer
829
829
829
-
social contributions
40
69
64
-
health
9
15
14
-
total
49
84
78
-
Corporate
316
-
-
-
income
39
-
-
-
total
39
-
-
-
Dividends
276
-
-
-
withholding
47
-
-
-
total
47
-
-
-
Income
850
850
850
850
Total tax
270
244
233
221
After tax
580
606
617
629
Living cost
350
350
350
350
Free-cash
230
256
267
279

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$283
$289
$393
$296
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
-
-
-
850
income
-
-
-
104
pensions
-
-
-
85
unemployment
-
-
-
13
health
-
-
-
59
total
-
-
-
261
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.

283
113
711
-
health
20
8
50
-
income
35
14
87
-
pensions
28
11
71
-
unemployment
4
2
11
-
total
87
35
219
-
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.

283
113
711
-
pensions
55
22
139
-
total
55
22
139
-
Corporate
511
715
-
-
income
46
64
-
-
total
46
64
-
-
Dividends
465
651
-
-
social contributions
89
126
-
-
withholding
88
124
-
-
total
177
250
-
-
Income
850
850
850
850
Total tax
365
371
358
261
After tax
485
479
492
589
Living cost
196
196
196
196
Free-cash
289
283
296
393

Estimated living cost  is $196 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
$420
$354
$195
$230
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
-
-
-
850
income
-
-
-
114
pensions
-
-
-
170
health
-
-
-
111
total
-
-
-
395
Employee
306
-
635
-
income
34
-
122
-
pensions
6
-
13
-
unemployment
5
-
10
-
total
45
-
145
-
Employer
306
-
635
-
unemployment
2
-
5
-
pensions
61
-
127
-
health
40
-
83
-
total
103
-
215
-
Corporate
441
850
-
-
income
88
170
-
-
total
88
170
-
-
Dividends
353
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
236
170
360
395
After tax
614
680
490
455
Living cost
260
260
260
260
Free-cash
354
420
230
195

Estimated living cost  is $260 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
-$166
$32
$350
$193
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
-
-
-
850
accident
-
-
-
3
income
-
-
-
191
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
265
Employee
369
-
706
-
health
42
-
81
-
income
51
-
117
-
pensions
42
-
80
-
total
135
-
278
-
Employer
369
-
706
-
accident
6
-
12
-
unemployment
9
-
17
-
pensions
60
-
115
-
total
75
-
144
-
Corporate
405
850
-
-
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.

365
765
-
-
total
365
765
-
-
Dividends
41
85
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
850
850
850
850
Total tax
583
781
422
265
After tax
267
69
428
585
Living cost
235
235
235
235
Free-cash
32
-166
193
350

Estimated living cost  is $235 per week

$172
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
$710
$691
$743
$582
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%.

-
-
-
850
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
123
-
850
-
income
25
-
170
-
total
25
-
170
-
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%.

727
850
-
-
total
-
-
-
-
Dividends
727
850
-
-
withholding
36
42
-
-
total
36
42
-
-
Income
850
850
850
850
Total tax
61
42
170
9
After tax
789
808
680
841
Living cost
98
98
98
98
Free-cash
691
710
582
743

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$337
$265
$174
$210
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
-
-
-
850
income
-
-
-
108
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.

-
-
-
204
other
-
-
-
40
health
-
-
-
37
total
-
-
-
389
Employee
391
-
679
-
health
5
-
10
-
income
67
-
117
-
pensions

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

27
-
48
-
unemployment
4
-
7
-
total
103
-
182
-
Employer
391
-
679
-
accident
3
-
5
-
other
20
-
34
-
unemployment
4
-
7
-
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
-
115
-
health
5
-
10
-
total
99
-
171
-
Corporate
360
850
-
-
income
76
179
-
-
total
76
179
-
-
Dividends
284
671
-
-
withholding
20
47
-
-
total
20
47
-
-
Income
850
850
850
850
Total tax
298
226
353
389
After tax
552
624
497
461
Living cost
287
287
287
287
Free-cash
265
337
210
174

Estimated living cost  is $287 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$91
-$321
-$93
-$186
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
-
-
-
850
income
-
-
-
158
pensions
-
-
-
58
total
-
-
-
216
Employee
1 029
-
752
-
health
17
-
11
-
income
186
-
135
-
pensions
99
-
66
-
total
302
-
212
-
Employer
1 029
-
752
-
pensions
122
-
83
-
health
20
-
14
-
total
142
-
97
-
Corporate
-
850
-
-
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.

-
162
-
-
total
-
162
-
-
Dividends
-
688
-
-
withholding
-
52
-
-
total
-
52
-
-
Income
850
850
850
850
Total tax
444
214
309
216
After tax
406
636
541
634
Living cost
727
727
727
727
Free-cash
-321
-91
-186
-93

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
$586
$535
$481
$503
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
-
-
-
850
income
-
-
-
127
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
228
Employee
187
-
776
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
78
-
pensions

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

16
-
33
-
total
46
-
132
-
Employer
187
-
776
-
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
626
850
-
-
income
63
85
-
-
total
63
85
-
-
Dividends
563
765
-
-
withholding
28
38
-
-
total
28
38
-
-
Income
850
850
850
850
Total tax
174
123
206
228
After tax
676
727
644
622
Living cost
141
141
141
141
Free-cash
535
586
503
481

Estimated living cost  is $141 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
-$306
-$325
-$114
-$367
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
-
-
-
850
income
-
-
-
124
pensions
-
-
-
126
health
-
-
-
116
total
-
-
-
366
Employee
999
920
920
-
health
125
120
141
-
income

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

151
151
151
-
pensions
126
126
166
-
total
402
397
458
-
Employer
999
920
920
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
69
64
64
-
total
175
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
577
558
619
366
After tax
273
292
231
484
Living cost
598
598
598
598
Free-cash
-325
-306
-367
-114

Estimated living cost  is $598 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$327
$235
$156
$173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
73
health
-
-
-
115
solidarity contribution
-
-
-
-
social contributions
-
-
-
248
total
-
-
-
436
Employee
380
-
634
-
social contributions
25
-
41
-
health
51
-
86
-
solidarity contribution
-
-
-
-
income
46
-
76
-
total
122
-
203
-
Employer
380
-
634
-
social contributions
95
-
159
-
health
34
-
57
-
total
129
-
216
-
Corporate
341
850
-
-
income
65
162
-
-
total
65
162
-
-
Dividends
276
688
-
-
withholding
41
103
-
-
total
41
103
-
-
Income
850
850
850
850
Total tax
357
265
419
436
After tax
493
585
431
414
Living cost
258
258
258
258
Free-cash
235
327
173
156

Estimated living cost  is $258 per week

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

Source of data for Brno model

Close
Milan , Italy
-$1
-$108
-$3
-$44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
municipal
-
-
-
5
regional
-
-
-
9
national
-
-
-
165
social contributions
-
-
-
219
total
-
-
-
398
Employee
958
-
850
-
social contributions
323
-
287
-
regional
9
-
8
-
municipal
5
-
4
-
national
166
-
140
-
total
503
-
439
-
Employer
958
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
nationa
-
204
-
-
municipal
-
33
-
-
total
-
237
-
-
Dividends
-
613
-
-
withholding
-
159
-
-
total
-
159
-
-
Income
850
850
850
850
Total tax
503
396
439
398
After tax
347
454
411
452
Living cost
455
455
455
455
Free-cash
-108
-1
-44
-3

Estimated living cost  is $455 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
$297
$263
$224
$203
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
-
-
-
850
income
-
-
-
142
pensions
-
-
-
170
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
60
surtax
-
-
-
14
total
-
-
-
388
Employee
356
-
702
-
other
-
-
-
-
health
9
-
18
-
surtax
1
-
13
-
income
60
-
134
-
pensions
24
-
47
-
unemployment
25
-
49
-
total
119
-
261
-
Employer
356
-
702
-
other
-
-
-
-
unemployment
11
-
22
-
pensions
48
-
94
-
health
16
-
32
-
total
75
-
148
-
Corporate
419
850
-
-
income
109
221
-
-
total
109
221
-
-
Dividends
310
629
-
-
withholding
46
94
-
-
total
46
94
-
-
Income
850
850
850
850
Total tax
349
315
409
388
After tax
501
535
441
462
Living cost
238
238
238
238
Free-cash
263
297
203
224

Estimated living cost  is $238 per week

$145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$139
$54
$137
$44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
158
pensions
-
-
-
58
total
-
-
-
216
Employee
690
-
752
-
health
10
-
11
-
income
124
-
135
-
pensions
59
-
66
-
total
193
-
212
-
Employer
690
-
752
-
pensions
75
-
83
-
health
13
-
14
-
total
88
-
97
-
Corporate
73
850
-
-
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.

14
162
-
-
total
14
162
-
-
Dividends
59
688
-
-
withholding
4
52
-
-
total
4
52
-
-
Income
850
850
850
850
Total tax
299
214
309
216
After tax
551
636
541
634
Living cost
497
497
497
497
Free-cash
54
139
44
137

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
-$432
-$202
-$107
-$150
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
-
-
-
850
city
-
-
-
9
pensions
-
-
-
78
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.

-
-
-
17
regional
-
-
-
25
health
-
-
-
3
national
-
-
-
4
total
-
-
-
136
Employee
961
-
761
-
city
10
-
8
-
regional
31
-
21
-
health
2
-
2
-
pensions
81
-
64
-
unemployment
-
-
-
-
national
5
-
3
-
total
129
-
98
-
Employer
961
-
761
-
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
-
15
-
unemployment
-
-
-
-
pensions
81
-
64
-
health
2
-
2
-
total
102
-
81
-
Corporate
-
850
-
-
regional
-
180
-
-
national
-
72
-
-
total
-
252
-
-
Dividends
-
598
-
-
withholding
-
209
-
-
total
-
209
-
-
Income
850
850
850
850
Total tax
231
461
179
136
After tax
619
389
671
714
Living cost
821
821
821
821
Free-cash
-202
-432
-150
-107

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$73
$102
$73
$133
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.

-
-
-
850
trade
-
-
-
60
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.

-
-
-
141
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.

-
-
-
8
total
-
-
-
283
Employee

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

648
-
850
-
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
-
8
-
income

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

76
-
141
-
total
154
-
223
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
202
850
-
-
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
7
-
-
income
30
127
-
-
trade
35
146
-
-
chamber of commerce
2
3
-
-
total
69
283
-
-
Dividends
134
567
-
-
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
8
-
-
withholding
29
138
-
-
total
31
146
-
-
Income
850
850
850
850
Total tax
254
429
223
283
After tax
596
421
627
567
Living cost
494
494
494
494
Free-cash
102
-73
133
73

Estimated living cost  is $494 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$60
$123
$125
$138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
48
pensions
-
-
-
251
other
-
-
-
26
health
-
-
-
7
surtax
-
-
-
-
social contributions
-
-
-
24
total
-
-
-
356
Employee
461
-
648
-
social contributions
13
-
18
-
surtax
-
-
-
-
income
27
-
51
-
pensions
52
-
73
-
total
92
-
142
-
Employer
461
-
648
-
other
16
-
22
-
social contributions
1
-
2
-
unemployment
19
-
26
-
pensions
76
-
106
-
health
32
-
45
-
total
144
-
201
-
Corporate
245
850
-
-
surtax
-
-
-
-
income
69
238
-
-
total
69
238
-
-
Dividends
176
612
-
-
surtax
-
-
-
-
social contributions
30
105
-
-
withholding
23
78
-
-
total
53
183
-
-
Income
850
850
850
850
Total tax
358
421
343
356
After tax
492
429
507
494
Living cost
369
369
369
369
Free-cash
123
60
138
125

Estimated living cost  is $369 per week

$232
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
$97
$155
$162
$175
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
-
-
-
850
income
-
-
-
48
pensions
-
-
-
251
other
-
-
-
26
health
-
-
-
7
surtax
-
-
-
-
social contributions
-
-
-
24
total
-
-
-
356
Employee
412
-
648
-
social contributions
12
-
18
-
surtax
-
-
-
-
income
21
-
51
-
pensions
47
-
73
-
total
80
-
142
-
Employer
412
-
648
-
other
14
-
22
-
social contributions
1
-
2
-
unemployment
17
-
26
-
pensions
68
-
106
-
health
29
-
45
-
total
129
-
201
-
Corporate
310
850
-
-
surtax
-
-
-
-
income
87
238
-
-
total
87
238
-
-
Dividends
223
612
-
-
surtax
-
-
-
-
social contributions
38
105
-
-
withholding
29
78
-
-
total
67
183
-
-
Income
850
850
850
850
Total tax
363
421
343
356
After tax
487
429
507
494
Living cost
332
332
332
332
Free-cash
155
97
175
162

Estimated living cost  is $332 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$291
$295
$318
$331
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
-
-
-
850
income
-
-
-
127
health
-
-
-
59
social contributions
-
-
-
117
total
-
-
-
303
Employee
365
-
850
-
social contributions
50
-
117
-
health
26
-
59
-
income
61
-
114
-
total
137
-
290
-
Employer
365
-
850
-
total
-
-
-
-
Corporate
485
850
-
-
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%.

24
42
-
-
total
24
42
-
-
Dividends
460
808
-
-
health
32
56
-
-
social contributions
64
111
-
-
withholding
69
121
-
-
total
165
288
-
-
Income
850
850
850
850
Total tax
326
330
290
303
After tax
524
520
560
547
Living cost
229
229
229
229
Free-cash
295
291
331
318

Estimated living cost  is $229 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
$99
$84
$73
-$92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
chamber of commerce
-
-
-
3
income
-
-
-
104
pensions
-
-
-
157
unemployment
-
-
-
66
health
-
-
-
65
surtax
-
-
-
2
total
-
-
-
397
Employee
539
429
658
-
other
5
4
7
-
health
21
17
25
-
income
61
32
96
-
pensions
55
44
67
-
unemployment
16
13
20
-
total
158
110
215
-
Employer
539
429
658
-
accident
7
6
9
-
other
26
20
31
-
chamber of commerce
2
2
3
-
unemployment
16
13
20
-
surtax
2
2
2
-
pensions
68
54
83
-
payroll
16
13
20
-
health
20
16
25
-
total
157
126
193
-
Corporate
154
295
617
-
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.

39
74
154
-
total
39
74
154
-
Dividends
116
221
-
-
withholding
32
61
-
-
total
32
61
-
-
Income
850
850
850
850
Total tax
386
371
562
397
After tax
464
479
288
453
Living cost
380
380
380
380
Free-cash
84
99
-92
73

Estimated living cost  is $380 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$85
-$144
$29
-$48
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
national
-
-
-
264
communal

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

-
-
-
44
social contributions
-
-
-
120
total
-
-
-
428
Employee

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

771
-
658
-
communal

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

40
-
34
-
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
-
31
-
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
-
49
-
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
-
6
-
national
237
-
193
-
total
378
-
313
-
Employer

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

771
-
658
-
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
-
9
-
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
-
10
-
surtax
87
-
75
-
pensions

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

68
-
58
-
health

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

47
-
40
-
total
223
-
192
-
Corporate
-
850
-
-
surtax
-
3
-
-
income
-
170
-
-
total
-
173
-
-
Dividends
-
677
-
-
withholding

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

-
199
-
-
total
-
199
-
-
Income
850
850
850
850
Total tax
601
372
505
428
After tax
249
478
345
422
Living cost
393
393
393
393
Free-cash
-144
85
-48
29

Estimated living cost  is $393 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$185
$98
$64
$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
-
-
-
850
accident
-
-
-
8
income
-
-
-
141
pensions
-
-
-
241
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
397
Employee
536
-
645
-
other
1
-
1
-
income
113
-
144
-
pensions
25
-
30
-
unemployment
8
-
10
-
total
147
-
185
-
Employer
536
-
645
-
accident
11
-
13
-
other
4
-
5
-
unemployment
30
-
35
-
pensions
127
-
152
-
total
172
-
205
-
Corporate
143
850
-
-
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.

21
127
-
-
total
21
127
-
-
Dividends
121
723
-
-
withholding
23
149
-
-
total
23
149
-
-
Income
850
850
850
850
Total tax
363
276
390
397
After tax
487
574
460
453
Living cost
389
389
389
389
Free-cash
98
185
71
64

Estimated living cost  is $389 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$59
-$63
-$77
-$35
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
-
-
-
850
accident
-
-
-
7
income
-
-
-
51
pensions
-
-
-
127
health
-
-
-
60
surtax
-
-
-
42
communal
-
-
-
54
total
-
-
-
341
Employee
816
-
759
-
health
36
-
34
-
surtax
50
-
47
-
income
79
-
66
-
pensions
65
-
61
-
total
230
-
208
-
Employer
816
-
759
-
accident
7
-
7
-
pensions
65
-
61
-
health
25
-
23
-
total
97
-
91
-
Corporate
-
850
-
-
surtax
-
9
-
-
communal
-
57
-
-
income
-
127
-
-
total
-
193
-
-
Dividends
-
656
-
-
income
-
32
-
-
withholding
-
98
-
-
total
-
130
-
-
Income
850
850
850
850
Total tax
327
323
299
341
After tax
523
527
551
509
Living cost
586
586
586
586
Free-cash
-63
-59
-35
-77

Estimated living cost  is $586 per week

$439
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.
$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
$293
$258
$220
$199
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
-
-
-
850
income
-
-
-
142
pensions
-
-
-
170
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
60
surtax
-
-
-
14
total
-
-
-
388
Employee
363
-
702
-
other
-
-
-
-
health
9
-
18
-
surtax
1
-
13
-
income
61
-
134
-
pensions
24
-
47
-
unemployment
25
-
49
-
total
120
-
261
-
Employer
363
-
702
-
other
-
-
-
-
unemployment
12
-
22
-
pensions
48
-
94
-
health
17
-
32
-
total
77
-
148
-
Corporate
411
850
-
-
income
107
221
-
-
total
107
221
-
-
Dividends
304
629
-
-
withholding
46
94
-
-
total
46
94
-
-
Income
850
850
850
850
Total tax
350
315
409
388
After tax
500
535
441
462
Living cost
242
242
242
242
Free-cash
258
293
199
220

Estimated living cost  is $242 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$157
$131
$158
$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
-
-
-
850
municipal
-
-
-
5
regional
-
-
-
13
national
-
-
-
165
social contributions
-
-
-
219
total
-
-
-
402
Employee
598
-
850
-
social contributions
202
-
287
-
regional
8
-
11
-
municipal
3
-
4
-
national
95
-
140
-
total
308
-
442
-
Employer
598
-
850
-
total
-
-
-
-
Corporate
252
850
-
-
nationa
61
204
-
-
municipal
13
42
-
-
total
74
246
-
-
Dividends
179
604
-
-
withholding
47
157
-
-
total
47
157
-
-
Income
850
850
850
850
Total tax
429
403
442
402
After tax
421
447
408
448
Living cost
290
290
290
290
Free-cash
131
157
118
158

Estimated living cost  is $290 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$267
$155
$96
$113
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
-
-
-
850
income
-
-
-
73
health
-
-
-
115
solidarity contribution
-
-
-
-
social contributions
-
-
-
248
total
-
-
-
436
Employee
468
-
634
-
social contributions
30
-
41
-
health
63
-
86
-
solidarity contribution
-
-
-
-
income
56
-
76
-
total
149
-
203
-
Employer
468
-
634
-
social contributions
117
-
159
-
health
42
-
57
-
total
159
-
216
-
Corporate
223
850
-
-
income
42
162
-
-
total
42
162
-
-
Dividends
180
688
-
-
withholding
27
103
-
-
total
27
103
-
-
Income
850
850
850
850
Total tax
377
265
419
436
After tax
473
585
431
414
Living cost
318
318
318
318
Free-cash
155
267
113
96

Estimated living cost  is $318 per week

$237
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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$137
$133
$111
-$57
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
-
-
-
850
chamber of commerce
-
-
-
3
income
-
-
-
104
pensions
-
-
-
157
unemployment
-
-
-
66
health
-
-
-
65
surtax
-
-
-
-
total
-
-
-
395
Employee
471
429
660
-
other
5
4
7
-
health
18
17
26
-
income
42
32
96
-
pensions
48
44
68
-
unemployment
14
13
20
-
total
127
110
217
-
Employer
471
429
660
-
accident
6
6
9
-
other
22
20
31
-
chamber of commerce
2
2
3
-
unemployment
14
13
20
-
surtax
-
-
-
-
pensions
59
54
83
-
payroll
14
13
20
-
health
18
16
25
-
total
135
124
191
-
Corporate
243
297
619
-
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.

61
74
155
-
total
61
74
155
-
Dividends
182
223
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
850
850
850
850
Total tax
373
369
563
395
After tax
477
481
287
455
Living cost
344
344
344
344
Free-cash
133
137
-57
111

Estimated living cost  is $344 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$655
$626
$688
$527
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%.

-
-
-
850
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
192
-
850
-
income
38
-
170
-
total
38
-
170
-
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%.

658
850
-
-
total
-
-
-
-
Dividends
658
850
-
-
withholding
33
42
-
-
total
33
42
-
-
Income
850
850
850
850
Total tax
71
42
170
9
After tax
779
808
680
841
Living cost
153
153
153
153
Free-cash
626
655
527
688

Estimated living cost  is $153 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$296
$206
$161
$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

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.

-
-
-
850
income
-
-
-
160
pensions
-
-
-
155
unemployment
-
-
-
1
health
-
-
-
84
total
-
-
-
400
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

477
-
735
-
health
31
-
48
-
income
82
-
148
-
pensions
74
-
114
-
unemployment
1
-
1
-
total
188
-
311
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

477
-
735
-
unemployment
-
-
-
-
pensions
42
-
65
-
health
32
-
49
-
total
74
-
114
-
Corporate
299
850
-
-
income
57
162
-
-
total
57
162
-
-
Dividends
242
688
-
-
withholding
36
103
-
-
total
36
103
-
-
Income
850
850
850
850
Total tax
355
265
425
400
After tax
495
585
425
450
Living cost
289
289
289
289
Free-cash
206
296
136
161

Estimated living cost  is $289 per week

$198
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
$50
-$765
$120
$240
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
-
-
-
850
income
-
-
-
166
social contributions
-
-
-
97
total
-
-
-
263
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
-
850
-
-
income
-
187
-
-
total
-
187
-
-
Dividends
-
663
-
-
income
-
146
-
-
total
-
146
-
-
Income
850
850
850
850
Total tax
1 148
333
143
263
After tax
-298
517
707
587
Living cost
467
467
467
467
Free-cash
-765
50
240
120

Estimated living cost  is $467 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
$145
$134
$144
$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

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.

-
-
-
850
income
-
-
-
73
surtax
-
-
-
-
social contributions

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

-
-
-
295
total
-
-
-
368
Employee
496
-
687
-
social contributions
55
-
76
-
surtax
-
-
-
-
income
103
-
165
-
total
158
-
241
-
Employer
496
-
687
-
social contributions
118
-
163
-
total
118
-
163
-
Corporate
237
850
-
-
surtax
-
-
-
-
income
50
179
-
-
total
50
179
-
-
Dividends
187
671
-
-
withholding
52
188
-
-
total
52
188
-
-
Income
850
850
850
850
Total tax
378
367
404
368
After tax
472
483
446
482
Living cost
338
338
338
338
Free-cash
134
145
108
144

Estimated living cost  is $338 per week

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

Source of data for Lisbon model

Close
Paris , France
-$92
-$35
-$27
-$14
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
48
pensions
-
-
-
251
other
-
-
-
26
health
-
-
-
7
surtax
-
-
-
-
social contributions
-
-
-
24
total
-
-
-
356
Employee
675
-
648
-
social contributions
19
-
18
-
surtax
-
-
-
-
income
59
-
51
-
pensions
76
-
73
-
total
154
-
142
-
Employer
675
-
648
-
other
23
-
22
-
social contributions
2
-
2
-
unemployment
27
-
26
-
pensions
111
-
106
-
health
47
-
45
-
total
210
-
201
-
Corporate
-
850
-
-
surtax
-
-
-
-
income
-
238
-
-
total
-
238
-
-
Dividends
-
612
-
-
surtax
-
-
-
-
social contributions
-
105
-
-
withholding
-
78
-
-
total
-
183
-
-
Income
850
850
850
850
Total tax
364
421
343
356
After tax
486
429
507
494
Living cost
521
521
521
521
Free-cash
-35
-92
-14
-27

Estimated living cost  is $521 per week

$352
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
$441
$404
$330
$354
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
-
-
-
850
income
-
-
-
9
social contributions
-
-
-
187
total
-
-
-
196
Employee
346
-
736
-
income
-
-
10
-
social contributions
23
-
48
-
total
23
-
58
-
Employer
346
-
736
-
social contributions
54
-
114
-
total
54
-
114
-
Corporate
450
850
-
-
income
45
85
-
-
total
45
85
-
-
Dividends
405
765
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
122
85
172
196
After tax
728
765
678
654
Living cost
324
324
324
324
Free-cash
404
441
354
330

Estimated living cost  is $324 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1498
-$1498
$18
-$1498
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
-
-
-
850
municipal
-
-
-
150
pensions
-
-
-
9
national
-
-
-
87
labour market
-
-
-
67
total
-
-
-
313
Employee
2 191
2 191
2 191
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 191
2 191
2 191
-
labour market
175
175
175
-
municipal
467
467
467
-
pensions
6
6
6
-
national
268
268
268
-
total
916
916
916
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
1 829
1 829
1 829
313
After tax
-979
-979
-979
537
Living cost
519
519
519
519
Free-cash
-1 498
-1 498
-1 498
18

Estimated living cost  is $519 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$162
$33
$354
$197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
3
income
-
-
-
191
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
265
Employee
364
-
706
-
health
42
-
81
-
income
50
-
117
-
pensions
41
-
80
-
total
133
-
278
-
Employer
364
-
706
-
accident
6
-
12
-
unemployment
9
-
17
-
pensions
59
-
115
-
total
74
-
144
-
Corporate
412
850
-
-
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.

371
765
-
-
total
371
765
-
-
Dividends
41
85
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
850
850
850
850
Total tax
586
781
422
265
After tax
264
69
428
585
Living cost
231
231
231
231
Free-cash
33
-162
197
354

Estimated living cost  is $231 per week

$168
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.
$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 Krakow model

Close
Helsinki , Finland
$165
$122
$213
$87
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
municipal
-
-
-
151
health
-
-
-
9
national
-
-
-
63
total
-
-
-
223
Employee
567
-
715
-
health
4
-
7
-
municipal
93
-
117
-
pensions
38
-
48
-
unemployment
9
-
11
-
national
9
-
30
-
total
153
-
213
-
Employer
567
-
715
-
accident
1
-
1
-
unemployment
4
-
5
-
pensions
98
-
124
-
health
4
-
6
-
total
107
-
136
-
Corporate
176
850
-
-
income
35
170
-
-
total
35
170
-
-
Dividends

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

106
510
-
-
national
-
9
-
-
municipal
19
92
-
-
total
19
101
-
-
Income
850
850
850
850
Total tax
314
271
349
223
After tax
536
579
501
627
Living cost
414
414
414
414
Free-cash
122
165
87
213

Estimated living cost  is $414 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$356
$316
$379
$367
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
-
-
-
850
income
-
-
-
66
health
-
-
-
22
social contributions
-
-
-
133
total
-
-
-
221
Employee
829
829
829
-
social contributions
31
69
64
-
health
6
14
13
-
income
90
77
78
-
total
127
160
155
-
Employer
829
829
829
-
social contributions
31
69
64
-
health
7
15
14
-
total
38
84
78
-
Corporate
434
-
-
-
income
54
-
-
-
total
54
-
-
-
Dividends
380
-
-
-
withholding
65
-
-
-
total
65
-
-
-
Income
850
850
850
850
Total tax
284
244
233
221
After tax
566
606
617
629
Living cost
250
250
250
250
Free-cash
316
356
367
379

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$533
$478
$493
$353
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
-
-
-
850
income
-
-
-
78
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
186
Employee

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

247
-
771
-
health
21
-
66
-
income
17
-
61
-
pensions
37
-
116
-
unemployment
1
-
4
-
total
76
-
247
-
Employer

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

247
-
771
-
unemployment
1
-
4
-
pensions
14
-
42
-
health
11
-
33
-
total
26
-
79
-
Corporate
577
850
-
-
income
52
76
-
-
total
52
76
-
-
Dividends
525
774
-
-
withholding
47
70
-
-
total
47
70
-
-
Income
850
850
850
850
Total tax
201
146
326
186
After tax
649
704
524
664
Living cost
171
171
171
171
Free-cash
478
533
353
493

Estimated living cost  is $171 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$278
$221
$157
$164
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
-
-
-
850
accident
-
-
-
8
income
-
-
-
141
pensions
-
-
-
241
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
397
Employee
399
-
645
-
other
-
-
1
-
income
77
-
144
-
pensions
19
-
30
-
unemployment
6
-
10
-
total
102
-
185
-
Employer
399
-
645
-
accident
8
-
13
-
other
3
-
5
-
unemployment
22
-
35
-
pensions
94
-
152
-
total
127
-
205
-
Corporate
324
850
-
-
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.

49
127
-
-
total
49
127
-
-
Dividends
276
723
-
-
withholding
55
149
-
-
total
55
149
-
-
Income
850
850
850
850
Total tax
333
276
390
397
After tax
517
574
460
453
Living cost
296
296
296
296
Free-cash
221
278
164
157

Estimated living cost  is $296 per week

$200
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.
$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
$500
$496
$504
$503
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
-
-
-
850
income
-
-
-
278
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
316
Employee
45
-
826
-
health
2
-
5
-
income
9
-
277
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
293
-
Employer
45
-
826
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
795
850
-
-
income
175
187
-
-
total
175
187
-
-
Dividends
620
663
-
-
withholding
124
133
-
-
total
124
133
-
-
Income
850
850
850
850
Total tax
324
320
317
316
After tax
526
530
533
534
Living cost
30
30
30
30
Free-cash
496
500
503
504

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
$429
$376
$236
$255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
850
income
-
-
-
127
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
428
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

281
-
721
-
health
14
-
37
-
income
39
-
137
-
pensions
39
-
101
-
unemployment
2
-
5
-
total
94
-
280
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

281
-
721
-
unemployment
2
-
5
-
pensions
34
-
87
-
health
14
-
37
-
total
50
-
129
-
Corporate
518
850
-
-
income
78
127
-
-
total
78
127
-
-
Dividends
441
723
-
-
withholding
66
108
-
-
total
66
108
-
-
Income
850
850
850
850
Total tax
288
235
409
428
After tax
562
615
441
422
Living cost
186
186
186
186
Free-cash
376
429
255
236

Estimated living cost  is $186 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$192
$188
$191
$155
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.

-
-
-
850
income
-
-
-
73
surtax
-
-
-
-
social contributions

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

-
-
-
295
total
-
-
-
368
Employee
418
-
687
-
social contributions
46
-
76
-
surtax
-
-
-
-
income
82
-
165
-
total
128
-
241
-
Employer
418
-
687
-
social contributions
99
-
163
-
total
99
-
163
-
Corporate
332
850
-
-
surtax
-
-
-
-
income
70
179
-
-
total
70
179
-
-
Dividends
263
671
-
-
withholding
74
188
-
-
total
74
188
-
-
Income
850
850
850
850
Total tax
371
367
404
368
After tax
479
483
446
482
Living cost
291
291
291
291
Free-cash
188
192
155
191

Estimated living cost  is $291 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Porto model

Close
Madrid , Spain
$195
$111
$74
$81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
8
income
-
-
-
141
pensions
-
-
-
241
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
397
Employee
521
-
645
-
other
1
-
1
-
income
109
-
144
-
pensions
24
-
30
-
unemployment
8
-
10
-
total
142
-
185
-
Employer
521
-
645
-
accident
10
-
13
-
other
4
-
5
-
unemployment
29
-
35
-
pensions
123
-
152
-
total
166
-
205
-
Corporate
164
850
-
-
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.

25
127
-
-
total
25
127
-
-
Dividends
139
723
-
-
withholding
27
149
-
-
total
27
149
-
-
Income
850
850
850
850
Total tax
360
276
390
397
After tax
490
574
460
453
Living cost
379
379
379
379
Free-cash
111
195
81
74

Estimated living cost  is $379 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
$541
$474
$436
$458
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
-
-
-
850
income
-
-
-
127
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
228
Employee
246
-
776
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
78
-
pensions

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

22
-
33
-
total
61
-
132
-
Employer
246
-
776
-
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
556
850
-
-
income
56
85
-
-
total
56
85
-
-
Dividends
501
765
-
-
withholding
25
38
-
-
total
25
38
-
-
Income
850
850
850
850
Total tax
190
123
206
228
After tax
660
727
644
622
Living cost
186
186
186
186
Free-cash
474
541
458
436

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
$23
$164
$161
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
trade
-
-
-
50
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.

-
-
-
141
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.

-
-
-
8
total
-
-
-
273
Employee

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

536
-
850
-
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
-
8
-
income

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

44
-
141
-
total
120
-
223
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
314
850
-
-
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
7
-
-
income
47
127
-
-
trade
45
122
-
-
chamber of commerce
2
3
-
-
total
97
259
-
-
Dividends
217
591
-
-
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
8
-
-
withholding
50
144
-
-
total
53
152
-
-
Income
850
850
850
850
Total tax
270
411
223
273
After tax
580
439
627
577
Living cost
416
416
416
416
Free-cash
164
23
211
161

Estimated living cost  is $416 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-$19
$5
$3
$3
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
162
social contributions
-
-
-
71
total
-
-
-
233
Employee
843
-
850
-
income
159
-
162
-
social contributions
70
-
71
-
total
229
-
233
-
Employer
843
-
850
-
total
-
-
-
-
Corporate
7
850
-
-
income
1
106
-
-
total
1
106
-
-
Dividends
6
744
-
-
withholding
1
149
-
-
total
1
149
-
-
Income
850
850
850
850
Total tax
231
255
233
233
After tax
619
595
617
617
Living cost
614
614
614
614
Free-cash
5
-19
3
3

Estimated living cost  is $614 per week

$467
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
$105
$166
$80
$229
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.

-
-
-
850
income
-
-
-
307
health

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

-
-
-
72
total
-
-
-
379
Employee
494
-
800
-
income
54
-
130
-
social contributions
50
-
50
-
total
104
-
180
-
Employer
494
-
800
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
306
850
-
-
income
107
297
-
-
total
107
297
-
-
Dividends
199
553
-
-
social contributions
32
57
-
-
total
32
57
-
-
Income
850
850
850
850
Total tax
293
354
230
379
After tax
557
496
620
471
Living cost
391
391
391
391
Free-cash
166
105
229
80

Estimated living cost  is $391 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$232
$172
$230
$137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
158
pensions
-
-
-
58
total
-
-
-
216
Employee
554
-
752
-
health
7
-
11
-
income
101
-
135
-
pensions
42
-
66
-
total
150
-
212
-
Employer
554
-
752
-
pensions
56
-
83
-
health
11
-
14
-
total
67
-
97
-
Corporate
229
850
-
-
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.

43
162
-
-
total
43
162
-
-
Dividends
185
688
-
-
withholding
14
52
-
-
total
14
52
-
-
Income
850
850
850
850
Total tax
274
214
309
216
After tax
576
636
541
634
Living cost
404
404
404
404
Free-cash
172
232
137
230

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
-$185
$29
$331
$174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
3
income
-
-
-
191
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
265
Employee
400
-
706
-
health
46
-
81
-
income
55
-
117
-
pensions
45
-
80
-
total
146
-
278
-
Employer
400
-
706
-
accident
7
-
12
-
unemployment
10
-
17
-
pensions
65
-
115
-
total
82
-
144
-
Corporate
369
850
-
-
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.

332
765
-
-
total
332
765
-
-
Dividends
37
85
-
-
withholding
7
16
-
-
total
7
16
-
-
Income
850
850
850
850
Total tax
567
781
422
265
After tax
283
69
428
585
Living cost
254
254
254
254
Free-cash
29
-185
174
331

Estimated living cost  is $254 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$576
$524
$347
$347
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.

-
-
-
850
work injury
-
-
-
4
health insurance
-
-
-
63
income
-
-
-
124
pensions
-
-
-
156
unemployment
-
-
-
10
total
-
-
-
357
Employee

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

233
-
850
-
work injury
1
-
4
-
income
23
-
124
-
pensions
43
-
156
-
health insurance
17
-
63
-
unemployment
3
-
10
-
total
87
-
357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
617
850
-
-
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
617
850
-
-
withholding
93
128
-
-
total
93
128
-
-
Income
850
850
850
850
Total tax
180
128
357
357
After tax
670
722
493
493
Living cost
146
146
146
146
Free-cash
524
576
347
347

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$19
-$57
$16
-$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
-
-
-
850
municipal
-
-
-
6
regional
-
-
-
15
national
-
-
-
165
social contributions
-
-
-
219
total
-
-
-
405
Employee
908
-
850
-
social contributions
306
-
287
-
regional
14
-
12
-
municipal
5
-
5
-
national
153
-
140
-
total
478
-
444
-
Employer
908
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
nationa
-
204
-
-
municipal
-
41
-
-
total
-
245
-
-
Dividends
-
605
-
-
withholding
-
157
-
-
total
-
157
-
-
Income
850
850
850
850
Total tax
478
402
444
405
After tax
372
448
406
445
Living cost
429
429
429
429
Free-cash
-57
19
-23
16

Estimated living cost  is $429 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
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