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
$ 950
per

Your estimated
City
free-cash

Dresden , Germany
$152
$272
$292
$363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
trade
-
-
-
71
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.

-
-
-
176
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.

-
-
-
10
total
-
-
-
331
Employee

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

413
-
950
-
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
-
10
-
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
-
176
-
total
87
-
260
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
537
950
-
-
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
81
143
-
-
trade
85
150
-
-
chamber of commerce
2
3
-
-
total
172
304
-
-
Dividends
365
647
-
-
surtax

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

5
9
-
-
withholding
87
158
-
-
total
92
167
-
-
Income
950
950
950
950
Total tax
351
471
260
331
After tax
599
479
690
619
Living cost
327
327
327
327
Free-cash
272
152
363
292

Estimated living cost  is $327 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$48
$28
$33
$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
-
-
-
950
municipal
-
-
-
97
pensions
-
-
-
114
national
-
-
-
151
social contributions
-
-
-
10
total
-
-
-
372
Employee
844
-
821
-
municipal
104
-
101
-
pensions
34
-
33
-
national
162
-
157
-
total
300
-
291
-
Employer
844
-
821
-
social contributions
9
-
9
-
pensions
68
-
66
-
total
77
-
75
-
Corporate
-
950
-
-
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%.

-
190
-
-
total
-
190
-
-
Dividends
-
760
-
-
withholding
-
167
-
-
total
-
167
-
-
Income
950
950
950
950
Total tax
377
357
366
372
After tax
573
593
584
578
Living cost
545
545
545
545
Free-cash
28
48
39
33

Estimated living cost  is $545 per week

$370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$535
$446
$284
$313
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.

-
-
-
950
microenterprise
-
-
-
-
income
-
-
-
136
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.

-
-
-
305
total
-
-
-
441
Employee
316
-
766
-
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
-
84
-
surtax
-
-
-
-
income
56
-
144
-
total
91
-
228
-
Employer
316
-
766
-
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
-
184
-
surtax
-
-
-
-
total
76
-
184
-
Corporate
558
950
-
-
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%.

112
190
-
-
total
112
190
-
-
Dividends

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

447
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
279
190
412
441
After tax
671
760
538
509
Living cost
225
225
225
225
Free-cash
446
535
313
284

Estimated living cost  is $225 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
-$61
-$122
$87
-$122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
162
pensions
-
-
-
127
health
-
-
-
122
total
-
-
-
411
Employee
922
922
922
-
health
142
120
142
-
income

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

151
151
151
-
pensions
166
127
166
-
total
459
398
459
-
Employer
922
922
922
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
620
559
620
411
After tax
330
391
330
539
Living cost
452
452
452
452
Free-cash
-122
-61
-122
87

Estimated living cost  is $452 per week

$321
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
$100
$90
$61
$89
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
204
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
-
total
-
-
-
470
Employee
597
-
723
-
municipal
178
-
216
-
national
-
-
-
-
total
178
-
216
-
Employer
597
-
723
-
accident
1
-
1
-
other
69
-
84
-
unemployment
16
-
19
-
pensions
65
-
78
-
health
37
-
44
-
total
188
-
226
-
Corporate
166
950
-
-
income
36
209
-
-
total
36
209
-
-
Dividends
129
741
-
-
withholding
39
222
-
-
total
39
222
-
-
Income
950
950
950
950
Total tax
441
431
442
470
After tax
509
519
508
480
Living cost
419
419
419
419
Free-cash
90
100
89
61

Estimated living cost  is $419 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$51
$205
$192
$266
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.

-
-
-
950
trade
-
-
-
74
income

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

-
-
-
176
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.

-
-
-
10
total
-
-
-
334
Employee

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

548
-
950
-
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
-
10
-
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
-
176
-
total
124
-
260
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
402
950
-
-
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
60
143
-
-
trade
66
156
-
-
chamber of commerce
2
3
-
-
total
131
310
-
-
Dividends
270
640
-
-
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
9
-
-
withholding
63
156
-
-
total
66
165
-
-
Income
950
950
950
950
Total tax
321
475
260
334
After tax
629
475
690
616
Living cost
424
424
424
424
Free-cash
205
51
266
192

Estimated living cost  is $424 per week

$284
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
$347
$302
$342
$339
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
-
-
-
950
income
-
-
-
86
health
-
-
-
24
social contributions
-
-
-
148
total
-
-
-
258
Employee
830
830
862
-
social contributions
40
69
72
-
health
8
14
15
-
income
87
77
86
-
total
135
160
173
-
Employer
830
830
862
-
social contributions
40
69
72
-
health
9
15
16
-
total
49
84
88
-
Corporate
415
35
-
-
income
52
4
-
-
total
52
4
-
-
Dividends
363
31
-
-
withholding
62
5
-
-
total
62
5
-
-
Income
950
950
950
950
Total tax
298
253
261
258
After tax
652
697
689
692
Living cost
350
350
350
350
Free-cash
302
347
339
342

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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$340
$344
$462
$355
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
-
-
-
950
income
-
-
-
116
pensions
-
-
-
95
unemployment
-
-
-
14
health
-
-
-
67
total
-
-
-
292
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
795
-
health
20
8
56
-
income
35
14
97
-
pensions
28
11
79
-
unemployment
4
2
12
-
total
87
35
244
-
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
795
-
pensions
55
22
155
-
total
55
22
155
-
Corporate
612
815
-
-
income
55
73
-
-
total
55
73
-
-
Dividends
557
742
-
-
social contributions
107
143
-
-
withholding
106
141
-
-
total
213
284
-
-
Income
950
950
950
950
Total tax
410
414
399
292
After tax
540
536
551
658
Living cost
196
196
196
196
Free-cash
344
340
355
462

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
$499
$433
$249
$287
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
-
-
-
950
income
-
-
-
127
pensions
-
-
-
190
health
-
-
-
123
total
-
-
-
440
Employee
306
-
710
-
income
34
-
137
-
pensions
6
-
14
-
unemployment
5
-
11
-
total
45
-
162
-
Employer
306
-
710
-
unemployment
2
-
6
-
pensions
61
-
142
-
health
40
-
92
-
total
103
-
240
-
Corporate
540
950
-
-
income
108
190
-
-
total
108
190
-
-
Dividends
432
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
256
190
402
440
After tax
694
760
548
510
Living cost
261
261
261
261
Free-cash
433
499
287
249

Estimated living cost  is $261 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
-$160
$40
$416
$246
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
-
-
-
950
accident
-
-
-
3
income
-
-
-
222
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
297
Employee
373
-
798
-
health
43
-
91
-
income
51
-
142
-
pensions
42
-
82
-
total
136
-
315
-
Employer
373
-
798
-
accident
6
-
13
-
unemployment
9
-
20
-
pensions
61
-
119
-
total
76
-
152
-
Corporate
501
950
-
-
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.

451
855
-
-
total
451
855
-
-
Dividends
50
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
673
873
467
297
After tax
277
77
483
653
Living cost
237
237
237
237
Free-cash
40
-160
246
416

Estimated living cost  is $237 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$805
$787
$843
$662
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%.

-
-
-
950
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
122
-
950
-
income
24
-
190
-
total
24
-
190
-
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%.

828
950
-
-
total
-
-
-
-
Dividends
828
950
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
950
950
950
950
Total tax
65
47
190
9
After tax
885
903
760
941
Living cost
98
98
98
98
Free-cash
787
805
662
843

Estimated living cost  is $98 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$409
$339
$226
$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
-
-
-
950
income
-
-
-
121
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.

-
-
-
228
other
-
-
-
45
health
-
-
-
42
total
-
-
-
436
Employee
392
-
759
-
health
5
-
11
-
income
67
-
131
-
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
-
53
-
unemployment
4
-
8
-
total
103
-
203
-
Employer
392
-
759
-
accident
3
-
6
-
other
20
-
38
-
unemployment
4
-
8
-
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
-
129
-
health
5
-
11
-
total
99
-
192
-
Corporate
459
950
-
-
income
96
200
-
-
total
96
200
-
-
Dividends
363
750
-
-
withholding
25
53
-
-
total
25
53
-
-
Income
950
950
950
950
Total tax
323
253
395
436
After tax
627
697
555
514
Living cost
288
288
288
288
Free-cash
339
409
267
226

Estimated living cost  is $288 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
-$9
-$209
-$15
-$122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
177
pensions
-
-
-
67
total
-
-
-
244
Employee
1 020
-
839
-
health
17
-
13
-
income
184
-
150
-
pensions
98
-
77
-
total
299
-
240
-
Employer
1 020
-
839
-
pensions
120
-
95
-
health
19
-
16
-
total
139
-
111
-
Corporate
-
950
-
-
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.

-
180
-
-
total
-
180
-
-
Dividends
-
770
-
-
withholding
-
58
-
-
total
-
58
-
-
Income
950
950
950
950
Total tax
438
238
351
244
After tax
512
712
599
706
Living cost
721
721
721
721
Free-cash
-209
-9
-122
-15

Estimated living cost  is $721 per week

$540
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$670
$619
$565
$592
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
-
-
-
950
income
-
-
-
142
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
-
-
-
243
Employee
187
-
876
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
88
-
pensions

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

16
-
33
-
total
46
-
142
-
Employer
187
-
876
-
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
726
950
-
-
income
73
95
-
-
total
73
95
-
-
Dividends
653
855
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
950
950
950
950
Total tax
189
138
216
243
After tax
761
812
734
707
Living cost
142
142
142
142
Free-cash
619
670
592
565

Estimated living cost  is $142 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-$208
-$228
-$60
-$269
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
-
-
-
950
income
-
-
-
162
pensions
-
-
-
127
health
-
-
-
122
total
-
-
-
411
Employee
1 001
922
922
-
health
125
120
142
-
income

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

151
151
151
-
pensions
127
127
166
-
total
403
398
459
-
Employer
1 001
922
922
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
70
64
64
-
total
176
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
579
559
620
411
After tax
371
391
330
539
Living cost
599
599
599
599
Free-cash
-228
-208
-269
-60

Estimated living cost  is $599 per week

$442
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
$397
$303
$205
$224
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
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
380
-
709
-
social contributions
25
-
46
-
health
51
-
96
-
solidarity contribution
-
-
-
-
income
46
-
85
-
total
122
-
227
-
Employer
380
-
709
-
social contributions
95
-
177
-
health
34
-
64
-
total
129
-
241
-
Corporate
441
950
-
-
income
84
180
-
-
total
84
180
-
-
Dividends
357
770
-
-
withholding
54
115
-
-
total
54
115
-
-
Income
950
950
950
950
Total tax
389
295
468
487
After tax
561
655
482
463
Living cost
258
258
258
258
Free-cash
303
397
224
205

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
$51
-$10
$41
-$4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
10
national
-
-
-
193
social contributions
-
-
-
244
total
-
-
-
453
Employee
960
-
950
-
social contributions
324
-
320
-
regional
9
-
9
-
municipal
5
-
5
-
national
166
-
164
-
total
504
-
498
-
Employer
960
-
950
-
total
-
-
-
-
Corporate
-
950
-
-
nationa
-
228
-
-
municipal
-
37
-
-
total
-
265
-
-
Dividends
-
685
-
-
withholding
-
178
-
-
total
-
178
-
-
Income
950
950
950
950
Total tax
504
443
498
453
After tax
446
507
452
497
Living cost
456
456
456
456
Free-cash
-10
51
-4
41

Estimated living cost  is $456 per week

$318
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
$360
$326
$265
$245
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
-
-
-
950
income
-
-
-
169
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
19
total
-
-
-
447
Employee
357
-
785
-
other
-
-
-
-
health
9
-
20
-
surtax
1
-
17
-
income
60
-
157
-
pensions
24
-
52
-
unemployment
25
-
55
-
total
119
-
301
-
Employer
357
-
785
-
other
-
-
-
-
unemployment
11
-
25
-
pensions
48
-
105
-
health
16
-
36
-
total
75
-
166
-
Corporate
518
950
-
-
income
135
247
-
-
total
135
247
-
-
Dividends
383
703
-
-
withholding
57
105
-
-
total
57
105
-
-
Income
950
950
950
950
Total tax
386
352
467
447
After tax
564
598
483
503
Living cost
238
238
238
238
Free-cash
326
360
245
265

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$219
$134
$213
$106
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
-
-
-
950
income
-
-
-
177
pensions
-
-
-
67
total
-
-
-
244
Employee
684
-
839
-
health
10
-
13
-
income
123
-
150
-
pensions
58
-
77
-
total
191
-
240
-
Employer
684
-
839
-
pensions
74
-
95
-
health
13
-
16
-
total
87
-
111
-
Corporate
179
950
-
-
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.

34
180
-
-
total
34
180
-
-
Dividends
145
770
-
-
withholding
11
58
-
-
total
11
58
-
-
Income
950
950
950
950
Total tax
323
238
351
244
After tax
627
712
599
706
Living cost
493
493
493
493
Free-cash
134
219
106
213

Estimated living cost  is $493 per week

$369
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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$387
-$102
-$24
-$72
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
city
-
-
-
10
pensions
-
-
-
87
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.

-
-
-
19
regional
-
-
-
30
health
-
-
-
3
national
-
-
-
4
total
-
-
-
153
Employee
961
-
850
-
city
10
-
9
-
regional
31
-
25
-
health
2
-
2
-
pensions
81
-
71
-
unemployment
-
-
-
-
national
5
-
4
-
total
129
-
111
-
Employer
961
-
850
-
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
-
17
-
unemployment
-
-
-
-
pensions
81
-
71
-
health
2
-
2
-
total
102
-
90
-
Corporate
-
950
-
-
regional
-
201
-
-
national
-
81
-
-
total
-
282
-
-
Dividends
-
668
-
-
withholding
-
234
-
-
total
-
234
-
-
Income
950
950
950
950
Total tax
231
516
201
153
After tax
719
434
749
797
Living cost
821
821
821
821
Free-cash
-102
-387
-72
-24

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
-$24
$151
$118
$195
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.

-
-
-
950
trade
-
-
-
77
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.

-
-
-
176
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.

-
-
-
10
total
-
-
-
337
Employee

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

649
-
950
-
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
-
10
-
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
-
176
-
total
154
-
260
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
301
950
-
-
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
45
143
-
-
trade
52
163
-
-
chamber of commerce
2
3
-
-
total
101
317
-
-
Dividends
200
634
-
-
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
46
154
-
-
total
49
162
-
-
Income
950
950
950
950
Total tax
304
479
260
337
After tax
646
471
690
613
Living cost
495
495
495
495
Free-cash
151
-24
195
118

Estimated living cost  is $495 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$109
$174
$183
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
72
pensions
-
-
-
260
other
-
-
-
29
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
398
Employee
462
-
724
-
social contributions
13
-
21
-
surtax
-
-
-
-
income
27
-
71
-
pensions
52
-
82
-
total
92
-
174
-
Employer
462
-
724
-
other
16
-
25
-
social contributions
1
-
2
-
unemployment
19
-
29
-
pensions
76
-
119
-
health
32
-
51
-
total
144
-
226
-
Corporate
344
950
-
-
surtax
-
-
-
-
income
96
266
-
-
total
96
266
-
-
Dividends
247
684
-
-
surtax
-
-
-
-
social contributions
43
118
-
-
withholding
32
88
-
-
total
75
206
-
-
Income
950
950
950
950
Total tax
407
472
400
398
After tax
543
478
550
552
Living cost
369
369
369
369
Free-cash
174
109
181
183

Estimated living cost  is $369 per week

$233
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
$145
$205
$219
$217
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
-
-
-
950
income
-
-
-
72
pensions
-
-
-
260
other
-
-
-
29
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
398
Employee
412
-
724
-
social contributions
12
-
21
-
surtax
-
-
-
-
income
21
-
71
-
pensions
47
-
82
-
total
80
-
174
-
Employer
412
-
724
-
other
14
-
25
-
social contributions
1
-
2
-
unemployment
17
-
29
-
pensions
68
-
119
-
health
29
-
51
-
total
129
-
226
-
Corporate
409
950
-
-
surtax
-
-
-
-
income
114
266
-
-
total
114
266
-
-
Dividends
294
684
-
-
surtax
-
-
-
-
social contributions
51
118
-
-
withholding
38
88
-
-
total
89
206
-
-
Income
950
950
950
950
Total tax
412
472
400
398
After tax
538
478
550
552
Living cost
333
333
333
333
Free-cash
205
145
217
219

Estimated living cost  is $333 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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$351
$355
$381
$390
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
-
-
-
950
income
-
-
-
143
health
-
-
-
66
social contributions
-
-
-
131
total
-
-
-
340
Employee
366
-
950
-
social contributions
51
-
131
-
health
26
-
66
-
income
61
-
134
-
total
138
-
331
-
Employer
366
-
950
-
total
-
-
-
-
Corporate
584
950
-
-
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%.

29
47
-
-
total
29
47
-
-
Dividends
555
903
-
-
health
39
63
-
-
social contributions
77
125
-
-
withholding
83
135
-
-
total
199
323
-
-
Income
950
950
950
950
Total tax
366
370
331
340
After tax
584
580
619
610
Living cost
229
229
229
229
Free-cash
355
351
390
381

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
$155
$140
$111
-$68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
chamber of commerce
-
-
-
4
income
-
-
-
138
pensions
-
-
-
176
unemployment
-
-
-
66
health
-
-
-
73
surtax
-
-
-
2
total
-
-
-
459
Employee
540
430
736
-
other
5
4
7
-
health
21
17
28
-
income
61
32
118
-
pensions
55
44
75
-
unemployment
16
13
22
-
total
158
110
250
-
Employer
540
430
736
-
accident
7
6
10
-
other
26
20
35
-
chamber of commerce
2
2
3
-
unemployment
16
13
22
-
surtax
2
2
2
-
pensions
68
54
92
-
payroll
16
13
22
-
health
20
16
28
-
total
157
126
214
-
Corporate
253
394
695
-
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.

63
98
174
-
total
63
98
174
-
Dividends
190
295
-
-
withholding
52
81
-
-
total
52
81
-
-
Income
950
950
950
950
Total tax
430
415
638
459
After tax
520
535
312
491
Living cost
380
380
380
380
Free-cash
140
155
-68
111

Estimated living cost  is $380 per week

$254
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
$139
-$46
$67
-$15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
national
-
-
-
299
communal

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

-
-
-
49
social contributions
-
-
-
141
total
-
-
-
489
Employee

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

772
-
736
-
communal

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

40
-
38
-
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
-
35
-
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
-
55
-
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
-
223
-
total
378
-
357
-
Employer

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

772
-
736
-
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
-
10
-
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
-
11
-
surtax
88
-
83
-
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
-
65
-
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
-
45
-
total
224
-
214
-
Corporate
-
950
-
-
surtax
-
4
-
-
income
-
190
-
-
total
-
194
-
-
Dividends
-
756
-
-
withholding

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

-
223
-
-
total
-
223
-
-
Income
950
950
950
950
Total tax
602
417
571
489
After tax
348
533
379
461
Living cost
394
394
394
394
Free-cash
-46
139
-15
67

Estimated living cost  is $394 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$250
$164
$112
$119
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
-
-
-
950
accident
-
-
-
9
income
-
-
-
162
pensions
-
-
-
269
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
448
Employee
537
-
720
-
other
1
-
1
-
income
113
-
165
-
pensions
25
-
34
-
unemployment
8
-
11
-
total
147
-
211
-
Employer
537
-
720
-
accident
11
-
14
-
other
4
-
6
-
unemployment
30
-
40
-
pensions
127
-
170
-
total
172
-
230
-
Corporate
241
950
-
-
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.

36
143
-
-
total
36
143
-
-
Dividends
205
807
-
-
withholding
41
167
-
-
total
41
167
-
-
Income
950
950
950
950
Total tax
396
310
441
448
After tax
554
640
509
502
Living cost
390
390
390
390
Free-cash
164
250
119
112

Estimated living cost  is $390 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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-$2
-$67
-$28
$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
-
-
-
950
accident
-
-
-
8
income
-
-
-
67
pensions
-
-
-
142
health
-
-
-
67
surtax
-
-
-
47
communal
-
-
-
60
total
-
-
-
391
Employee
818
-
849
-
health
36
-
38
-
surtax
50
-
52
-
income
79
-
87
-
pensions
65
-
68
-
total
230
-
245
-
Employer
818
-
849
-
accident
7
-
8
-
pensions
65
-
68
-
health
25
-
26
-
total
97
-
102
-
Corporate
35
950
-
-
surtax
-
10
-
-
communal
-
64
-
-
income
5
143
-
-
total
5
217
-
-
Dividends
29
733
-
-
income
94
38
-
-
withholding
4
110
-
-
total
98
148
-
-
Income
950
950
950
950
Total tax
430
365
347
391
After tax
520
585
603
559
Living cost
587
587
587
587
Free-cash
-67
-2
16
-28

Estimated living cost  is $587 per week

$440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$355
$320
$260
$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
-
-
-
950
income
-
-
-
169
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
19
total
-
-
-
447
Employee
364
-
785
-
other
-
-
-
-
health
9
-
20
-
surtax
1
-
17
-
income
61
-
157
-
pensions
24
-
52
-
unemployment
25
-
55
-
total
120
-
301
-
Employer
364
-
785
-
other
-
-
-
-
unemployment
12
-
25
-
pensions
48
-
105
-
health
17
-
36
-
total
77
-
166
-
Corporate
510
950
-
-
income
133
247
-
-
total
133
247
-
-
Dividends
377
703
-
-
withholding
57
105
-
-
total
57
105
-
-
Income
950
950
950
950
Total tax
387
352
467
447
After tax
563
598
483
503
Living cost
243
243
243
243
Free-cash
320
355
240
260

Estimated living cost  is $243 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
$209
$185
$202
$157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
14
national
-
-
-
193
social contributions
-
-
-
244
total
-
-
-
457
Employee
599
-
950
-
social contributions
202
-
320
-
regional
8
-
13
-
municipal
3
-
5
-
national
95
-
164
-
total
308
-
502
-
Employer
599
-
950
-
total
-
-
-
-
Corporate
351
950
-
-
nationa
84
228
-
-
municipal
17
47
-
-
total
101
275
-
-
Dividends
249
675
-
-
withholding
65
175
-
-
total
65
175
-
-
Income
950
950
950
950
Total tax
474
450
502
457
After tax
476
500
448
493
Living cost
291
291
291
291
Free-cash
185
209
157
202

Estimated living cost  is $291 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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$337
$224
$145
$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
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
468
-
709
-
social contributions
30
-
46
-
health
63
-
96
-
solidarity contribution
-
-
-
-
income
56
-
85
-
total
149
-
227
-
Employer
468
-
709
-
social contributions
117
-
177
-
health
42
-
64
-
total
159
-
241
-
Corporate
323
950
-
-
income
61
180
-
-
total
61
180
-
-
Dividends
262
770
-
-
withholding
39
115
-
-
total
39
115
-
-
Income
950
950
950
950
Total tax
408
295
468
487
After tax
542
655
482
463
Living cost
318
318
318
318
Free-cash
224
337
164
145

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
$191
$187
$149
-$33
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
chamber of commerce
-
-
-
4
income
-
-
-
138
pensions
-
-
-
176
unemployment
-
-
-
66
health
-
-
-
73
surtax
-
-
-
-
total
-
-
-
457
Employee
472
430
738
-
other
5
4
7
-
health
18
17
29
-
income
42
32
118
-
pensions
48
44
76
-
unemployment
14
13
22
-
total
127
110
252
-
Employer
472
430
738
-
accident
6
6
10
-
other
22
20
35
-
chamber of commerce
2
2
3
-
unemployment
14
13
22
-
surtax
-
-
-
-
pensions
59
54
93
-
payroll
14
13
22
-
health
18
16
28
-
total
135
124
213
-
Corporate
342
396
697
-
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.

86
99
174
-
total
86
99
174
-
Dividends
257
297
-
-
withholding
71
82
-
-
total
71
82
-
-
Income
950
950
950
950
Total tax
419
415
639
457
After tax
531
535
311
493
Living cost
344
344
344
344
Free-cash
187
191
-33
149

Estimated living cost  is $344 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$751
$722
$789
$608
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%.

-
-
-
950
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
191
-
950
-
income
38
-
190
-
total
38
-
190
-
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%.

759
950
-
-
total
-
-
-
-
Dividends
759
950
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
950
950
950
950
Total tax
76
47
190
9
After tax
874
903
760
941
Living cost
152
152
152
152
Free-cash
722
751
608
789

Estimated living cost  is $152 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$365
$274
$209
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
950
income
-
-
-
184
pensions
-
-
-
173
unemployment
-
-
-
1
health
-
-
-
93
total
-
-
-
451
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
-
822
-
health
31
-
53
-
income
82
-
170
-
pensions
74
-
127
-
unemployment
1
-
1
-
total
188
-
351
-
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
-
822
-
unemployment
-
-
-
-
pensions
42
-
73
-
health
32
-
55
-
total
74
-
128
-
Corporate
398
950
-
-
income
76
180
-
-
total
76
180
-
-
Dividends
323
770
-
-
withholding
48
115
-
-
total
48
115
-
-
Income
950
950
950
950
Total tax
386
295
479
451
After tax
564
655
471
499
Living cost
290
290
290
290
Free-cash
274
365
181
209

Estimated living cost  is $290 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
$110
-$668
$189
$339
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
-
-
-
950
income
-
-
-
185
social contributions
-
-
-
108
total
-
-
-
293
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
947
-
135
-
total
947
-
135
-
Corporate
-
950
-
-
income
-
209
-
-
total
-
209
-
-
Dividends
-
741
-
-
income
-
163
-
-
total
-
163
-
-
Income
950
950
950
950
Total tax
1 150
372
143
293
After tax
-200
578
807
657
Living cost
468
468
468
468
Free-cash
-668
110
339
189

Estimated living cost  is $468 per week

$304
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
$201
$191
$196
$154
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.

-
-
-
950
income
-
-
-
85
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
415
Employee
497
-
768
-
social contributions
55
-
84
-
surtax
-
-
-
-
income
103
-
191
-
total
158
-
275
-
Employer
497
-
768
-
social contributions
118
-
182
-
total
118
-
182
-
Corporate
335
950
-
-
surtax
-
-
-
-
income
70
200
-
-
total
70
200
-
-
Dividends
265
750
-
-
withholding
74
210
-
-
total
74
210
-
-
Income
950
950
950
950
Total tax
420
410
457
415
After tax
530
540
493
535
Living cost
339
339
339
339
Free-cash
191
201
154
196

Estimated living cost  is $339 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
-$43
$34
$31
$29
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
-
-
-
950
income
-
-
-
72
pensions
-
-
-
260
other
-
-
-
29
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
398
Employee
676
-
724
-
social contributions
19
-
21
-
surtax
-
-
-
-
income
59
-
71
-
pensions
76
-
82
-
total
154
-
174
-
Employer
676
-
724
-
other
23
-
25
-
social contributions
2
-
2
-
unemployment
27
-
29
-
pensions
111
-
119
-
health
47
-
51
-
total
210
-
226
-
Corporate
63
950
-
-
surtax
-
-
-
-
income
17
266
-
-
total
17
266
-
-
Dividends
45
684
-
-
surtax
-
-
-
-
social contributions
8
118
-
-
withholding
6
88
-
-
total
14
206
-
-
Income
950
950
950
950
Total tax
395
472
400
398
After tax
555
478
550
552
Living cost
522
522
522
522
Free-cash
34
-43
29
31

Estimated living cost  is $522 per week

$353
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
$530
$493
$404
$431
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
-
-
-
950
income
-
-
-
12
social contributions
-
-
-
209
total
-
-
-
221
Employee
347
-
823
-
income
-
-
14
-
social contributions
23
-
53
-
total
23
-
67
-
Employer
347
-
823
-
social contributions
54
-
127
-
total
54
-
127
-
Corporate
549
950
-
-
income
55
95
-
-
total
55
95
-
-
Dividends
494
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
132
95
194
221
After tax
818
855
756
729
Living cost
325
325
325
325
Free-cash
493
530
431
404

Estimated living cost  is $325 per week

$210
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
-$1402
-$1402
$76
-$1402
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
-
-
-
950
municipal
-
-
-
171
pensions
-
-
-
9
national
-
-
-
99
labour market
-
-
-
75
total
-
-
-
354
Employee
2 195
2 195
2 195
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 195
2 195
2 195
-
labour market
176
176
176
-
municipal
468
468
468
-
pensions
6
6
6
-
national
269
269
269
-
total
919
919
919
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 832
1 832
1 832
354
After tax
-882
-882
-882
596
Living cost
520
520
520
520
Free-cash
-1 402
-1 402
-1 402
76

Estimated living cost  is $520 per week

$356
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
-$156
$42
$420
$250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
3
income
-
-
-
222
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
297
Employee
367
-
798
-
health
42
-
91
-
income
50
-
142
-
pensions
41
-
82
-
total
133
-
315
-
Employer
367
-
798
-
accident
6
-
13
-
unemployment
9
-
20
-
pensions
60
-
119
-
total
75
-
152
-
Corporate
508
950
-
-
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.

457
855
-
-
total
457
855
-
-
Dividends
51
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
675
873
467
297
After tax
275
77
483
653
Living cost
233
233
233
233
Free-cash
42
-156
250
420

Estimated living cost  is $233 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$226
$189
$274
$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

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

-
-
-
950
municipal
-
-
-
169
health
-
-
-
10
national
-
-
-
82
total
-
-
-
261
Employee
568
-
799
-
health
4
-
8
-
municipal
93
-
131
-
pensions
38
-
54
-
unemployment
9
-
12
-
national
9
-
43
-
total
153
-
248
-
Employer
568
-
799
-
accident
1
-
1
-
unemployment
4
-
5
-
pensions
99
-
139
-
health
4
-
6
-
total
108
-
151
-
Corporate
275
950
-
-
income
55
190
-
-
total
55
190
-
-
Dividends

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

165
570
-
-
national
-
16
-
-
municipal
30
103
-
-
total
30
119
-
-
Income
950
950
950
950
Total tax
346
309
399
261
After tax
604
641
551
689
Living cost
415
415
415
415
Free-cash
189
226
136
274

Estimated living cost  is $415 per week

$271
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
$447
$389
$442
$439
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
-
-
-
950
income
-
-
-
86
health
-
-
-
24
social contributions
-
-
-
148
total
-
-
-
258
Employee
830
830
862
-
social contributions
31
69
72
-
health
6
14
15
-
income
90
77
86
-
total
127
160
173
-
Employer
830
830
862
-
social contributions
31
69
72
-
health
7
15
16
-
total
38
84
88
-
Corporate
533
35
-
-
income
67
4
-
-
total
67
4
-
-
Dividends
467
31
-
-
withholding
79
5
-
-
total
79
5
-
-
Income
950
950
950
950
Total tax
311
253
261
258
After tax
639
697
689
692
Living cost
250
250
250
250
Free-cash
389
447
439
442

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$615
$561
$582
$417
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
-
-
-
950
income
-
-
-
89
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
197
Employee

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

248
-
861
-
health
21
-
73
-
income
17
-
68
-
pensions
37
-
129
-
unemployment
1
-
4
-
total
76
-
274
-
Employer

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

248
-
861
-
unemployment
1
-
4
-
pensions
14
-
47
-
health
11
-
37
-
total
26
-
88
-
Corporate
677
950
-
-
income
61
86
-
-
total
61
86
-
-
Dividends
616
864
-
-
withholding
55
78
-
-
total
55
78
-
-
Income
950
950
950
950
Total tax
218
164
362
197
After tax
732
786
588
753
Living cost
171
171
171
171
Free-cash
561
615
417
582

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
$343
$287
$205
$212
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
-
-
-
950
accident
-
-
-
9
income
-
-
-
162
pensions
-
-
-
269
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
448
Employee
399
-
720
-
other
-
-
1
-
income
77
-
165
-
pensions
19
-
34
-
unemployment
6
-
11
-
total
102
-
211
-
Employer
399
-
720
-
accident
8
-
14
-
other
3
-
6
-
unemployment
22
-
40
-
pensions
94
-
170
-
total
127
-
230
-
Corporate
423
950
-
-
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.

64
143
-
-
total
64
143
-
-
Dividends
360
807
-
-
withholding
73
167
-
-
total
73
167
-
-
Income
950
950
950
950
Total tax
366
310
441
448
After tax
584
640
509
502
Living cost
297
297
297
297
Free-cash
287
343
212
205

Estimated living cost  is $297 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$563
$558
$569
$568
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
-
-
-
950
income
-
-
-
313
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
351
Employee
45
-
926
-
health
2
-
5
-
income
9
-
312
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
328
-
Employer
45
-
926
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
895
950
-
-
income
197
209
-
-
total
197
209
-
-
Dividends
698
741
-
-
withholding
140
148
-
-
total
140
148
-
-
Income
950
950
950
950
Total tax
362
357
352
351
After tax
588
593
598
599
Living cost
30
30
30
30
Free-cash
558
563
568
569

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
$500
$447
$301
$300
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.

-
-
-
950
income
-
-
-
161
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
462
Employee

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

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

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

282
-
807
-
health
14
-
41
-
income
39
-
161
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
320
-
Employer

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

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

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

282
-
807
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
618
950
-
-
income
93
142
-
-
total
93
142
-
-
Dividends
525
808
-
-
withholding
79
121
-
-
total
79
121
-
-
Income
950
950
950
950
Total tax
316
263
463
462
After tax
634
687
487
488
Living cost
187
187
187
187
Free-cash
447
500
300
301

Estimated living cost  is $187 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$249
$245
$244
$202
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.

-
-
-
950
income
-
-
-
85
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
415
Employee
419
-
768
-
social contributions
46
-
84
-
surtax
-
-
-
-
income
82
-
191
-
total
128
-
275
-
Employer
419
-
768
-
social contributions
100
-
182
-
total
100
-
182
-
Corporate
431
950
-
-
surtax
-
-
-
-
income
91
200
-
-
total
91
200
-
-
Dividends
341
750
-
-
withholding
95
210
-
-
total
95
210
-
-
Income
950
950
950
950
Total tax
414
410
457
415
After tax
536
540
493
535
Living cost
291
291
291
291
Free-cash
245
249
202
244

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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$261
$179
$123
$130
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
-
-
-
950
accident
-
-
-
9
income
-
-
-
162
pensions
-
-
-
269
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
448
Employee
521
-
720
-
other
1
-
1
-
income
109
-
165
-
pensions
25
-
34
-
unemployment
8
-
11
-
total
143
-
211
-
Employer
521
-
720
-
accident
10
-
14
-
other
4
-
6
-
unemployment
29
-
40
-
pensions
123
-
170
-
total
166
-
230
-
Corporate
262
950
-
-
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.

39
143
-
-
total
39
143
-
-
Dividends
223
807
-
-
withholding
44
167
-
-
total
44
167
-
-
Income
950
950
950
950
Total tax
392
310
441
448
After tax
558
640
509
502
Living cost
379
379
379
379
Free-cash
179
261
130
123

Estimated living cost  is $379 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$626
$559
$521
$548
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
-
-
-
950
income
-
-
-
142
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
-
-
-
243
Employee
246
-
876
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
88
-
pensions

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

22
-
33
-
total
61
-
142
-
Employer
246
-
876
-
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
656
950
-
-
income
66
95
-
-
total
66
95
-
-
Dividends
590
855
-
-
withholding
30
43
-
-
total
30
43
-
-
Income
950
950
950
950
Total tax
205
138
216
243
After tax
745
812
734
707
Living cost
186
186
186
186
Free-cash
559
626
548
521

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
$73
$216
$209
$273
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.

-
-
-
950
trade
-
-
-
64
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.

-
-
-
176
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.

-
-
-
10
total
-
-
-
324
Employee

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

537
-
950
-
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
-
10
-
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
-
176
-
total
120
-
260
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
413
950
-
-
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
62
143
-
-
trade
59
136
-
-
chamber of commerce
2
3
-
-
total
126
290
-
-
Dividends
286
660
-
-
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
9
-
-
withholding
67
161
-
-
total
71
170
-
-
Income
950
950
950
950
Total tax
317
460
260
324
After tax
633
490
690
626
Living cost
417
417
417
417
Free-cash
216
73
273
209

Estimated living cost  is $417 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$50
$75
$51
$51
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
-
-
-
950
income
-
-
-
202
social contributions
-
-
-
82
total
-
-
-
284
Employee
845
-
950
-
income
159
-
202
-
social contributions
70
-
82
-
total
229
-
284
-
Employer
845
-
950
-
total
-
-
-
-
Corporate
105
950
-
-
income
13
119
-
-
total
13
119
-
-
Dividends
92
831
-
-
withholding
18
166
-
-
total
18
166
-
-
Income
950
950
950
950
Total tax
260
285
284
284
After tax
690
665
666
666
Living cost
615
615
615
615
Free-cash
75
50
51
51

Estimated living cost  is $615 per week

$468
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
$168
$223
$179
$303
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.

-
-
-
950
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
495
-
900
-
income
54
-
155
-
social contributions
50
-
50
-
total
104
-
205
-
Employer
495
-
900
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
405
950
-
-
income
142
333
-
-
total
142
333
-
-
Dividends
263
617
-
-
social contributions
39
57
-
-
total
39
57
-
-
Income
950
950
950
950
Total tax
335
390
255
379
After tax
615
560
695
571
Living cost
392
392
392
392
Free-cash
223
168
303
179

Estimated living cost  is $392 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
$311
$250
$305
$198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
177
pensions
-
-
-
67
total
-
-
-
244
Employee
550
-
839
-
health
7
-
13
-
income
100
-
150
-
pensions
42
-
77
-
total
149
-
240
-
Employer
550
-
839
-
pensions
56
-
95
-
health
10
-
16
-
total
66
-
111
-
Corporate
334
950
-
-
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.

64
180
-
-
total
64
180
-
-
Dividends
271
770
-
-
withholding
20
58
-
-
total
20
58
-
-
Income
950
950
950
950
Total tax
299
238
351
244
After tax
651
712
599
706
Living cost
401
401
401
401
Free-cash
250
311
198
305

Estimated living cost  is $401 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$180
$37
$396
$226
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
-
-
-
950
accident
-
-
-
3
income
-
-
-
222
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
297
Employee
404
-
798
-
health
46
-
91
-
income
55
-
142
-
pensions
45
-
82
-
total
146
-
315
-
Employer
404
-
798
-
accident
7
-
13
-
unemployment
10
-
20
-
pensions
66
-
119
-
total
83
-
152
-
Corporate
464
950
-
-
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.

418
855
-
-
total
418
855
-
-
Dividends
46
95
-
-
withholding
9
18
-
-
total
9
18
-
-
Income
950
950
950
950
Total tax
656
873
467
297
After tax
294
77
483
653
Living cost
257
257
257
257
Free-cash
37
-180
226
396

Estimated living cost  is $257 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$661
$609
$401
$425
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.

-
-
-
950
work injury
-
-
-
5
health insurance
-
-
-
70
income
-
-
-
142
pensions
-
-
-
175
unemployment
-
-
-
11
total
-
-
-
403
Employee

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

233
-
950
-
work injury
1
-
4
-
income
23
-
142
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
717
950
-
-
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
717
950
-
-
withholding
108
143
-
-
total
108
143
-
-
Income
950
950
950
950
Total tax
195
143
379
403
After tax
755
807
571
547
Living cost
146
146
146
146
Free-cash
609
661
425
401

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
$70
$21
$59
$15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
18
national
-
-
-
193
social contributions
-
-
-
244
total
-
-
-
461
Employee
910
-
950
-
social contributions
307
-
320
-
regional
14
-
15
-
municipal
5
-
6
-
national
154
-
164
-
total
480
-
505
-
Employer
910
-
950
-
total
-
-
-
-
Corporate
40
950
-
-
nationa
10
228
-
-
municipal
2
46
-
-
total
12
274
-
-
Dividends
29
676
-
-
withholding
7
176
-
-
total
7
176
-
-
Income
950
950
950
950
Total tax
499
450
505
461
After tax
451
500
445
489
Living cost
430
430
430
430
Free-cash
21
70
15
59

Estimated living cost  is $430 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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