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
€ 1000
per

Your estimated
City
free-cash

Andorra , Andorra
€459
€562
€486
€595
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
-
-
-
1 000
social contributions
-
-
-
220
income
-
-
-
16
total
-
-
-
236
Employee
326
-
866
-
social contributions
21
-
56
-
income
-
-
19
-
total
21
-
75
-
Employer
326
-
866
-
social contributions
50
-
134
-
total
50
-
134
-
Corporate
624
1 000
-
-
income
62
100
-
-
total
62
100
-
-
Dividends
561
900
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
133
100
209
236
After tax
867
900
791
764
Living cost
305
305
305
305
Free-cash
562
595
486
459

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
Graz , Austria
€187
€235
-€17
€239
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
-
-
-
1 000
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
76
chamber of commerce
-
-
-
4
pensions
-
-
-
185
income
-
-
-
163
total
-
-
-
490
Employee
443
404
777
-
unemployment
13
12
23
-
other
4
4
8
-
income
39
30
146
-
pensions
45
41
80
-
health
17
16
30
-
total
118
103
287
-
Employer
443
404
777
-
pensions
56
51
97
-
surtax
-
-
-
-
payroll
13
12
23
-
other
21
19
37
-
health
17
15
29
-
accident
6
5
10
-
unemployment
13
12
23
-
chamber of commerce
2
2
3
-
total
128
116
222
-
Corporate
430
480
738
-
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.

107
120
185
-
total
107
120
185
-
Dividends
322
360
-
-
withholding
89
99
-
-
total
89
99
-
-
Income
1 000
1 000
1 000
1 000
Total tax
442
438
694
490
After tax
558
562
306
510
Living cost
323
323
323
323
Free-cash
235
239
-17
187

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

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
Vienna , Austria
€151
€188
-€50
€204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
76
chamber of commerce
-
-
-
4
pensions
-
-
-
185
income
-
-
-
163
total
-
-
-
492
Employee
506
404
775
-
unemployment
15
12
23
-
other
5
4
8
-
income
58
30
145
-
pensions
52
41
79
-
health
20
16
30
-
total
150
103
285
-
Employer
506
404
775
-
pensions
64
51
97
-
surtax
2
2
2
-
payroll
15
12
23
-
other
24
19
37
-
health
19
15
29
-
accident
7
5
10
-
unemployment
15
12
23
-
chamber of commerce
2
2
3
-
total
148
118
224
-
Corporate
346
478
736
-
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
119
184
-
total
86
119
184
-
Dividends
259
358
-
-
withholding
71
99
-
-
total
71
99
-
-
Income
1 000
1 000
1 000
1 000
Total tax
455
439
693
492
After tax
545
561
307
508
Living cost
357
357
357
357
Free-cash
188
204
-50
151

Estimated living cost  is €357 per week

€238
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.
€83
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
€102
€40
€22
€192
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
-
-
-
1 000
national
-
-
-
323
communal

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

-
-
-
51
social contributions
-
-
-
155
total
-
-
-
529
Employee

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

725
-
774
-
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.

6
-
7
-
national
223
-
242
-
communal

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

38
-
40
-
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.

54
-
58
-
health

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

34
-
36
-
total
355
-
383
-
Employer

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

725
-
774
-
surtax
82
-
88
-
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.

64
-
69
-
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.

45
-
48
-
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.

9
-
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
-
total
211
-
226
-
Corporate
64
1 000
-
-
income
13
200
-
-
surtax
-
4
-
-
total
13
204
-
-
Dividends
51
796
-
-
withholding

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

12
235
-
-
total
12
235
-
-
Income
1 000
1 000
1 000
1 000
Total tax
591
439
609
529
After tax
409
561
391
471
Living cost
370
370
370
370
Free-cash
40
192
22
102

Estimated living cost  is €370 per week

€238
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.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Sofia , Bulgaria
€582
€619
€613
€681
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
-
-
-
1 000
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
income
-
-
-
150
total
-
-
-
244
Employee
231
-
931
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
93
-
pensions

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

20
-
31
-
health
11
-
16
-
total
57
-
144
-
Employer
231
-
931
-
pensions

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

25
-
39
-
health
16
-
24
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
724
1 000
-
-
income
72
100
-
-
total
72
100
-
-
Dividends
651
900
-
-
withholding
33
45
-
-
total
33
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
207
145
213
244
After tax
793
855
787
756
Living cost
174
174
174
174
Free-cash
619
681
613
582

Estimated living cost  is €174 per week

€115
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 Sofia model

Close
Varna , Bulgaria
€623
€675
€654
€722
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
-
-
-
1 000
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
income
-
-
-
150
total
-
-
-
244
Employee
176
-
931
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
93
-
pensions

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

15
-
31
-
health
8
-
16
-
total
43
-
144
-
Employer
176
-
931
-
pensions

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

19
-
39
-
health
12
-
24
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
790
1 000
-
-
income
79
100
-
-
total
79
100
-
-
Dividends
711
900
-
-
withholding
36
45
-
-
total
36
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
192
145
213
244
After tax
808
855
787
756
Living cost
133
133
133
133
Free-cash
675
722
654
623

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
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 Varna model

Close
Larnaca , Cyprus
€476
€442
€476
€497
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
-
-
-
1 000
health
-
-
-
26
social contributions
-
-
-
156
income
-
-
-
107
total
-
-
-
289
Employee
779
779
908
-
income
85
72
107
-
social contributions
29
65
75
-
health
6
13
15
-
total
120
150
197
-
Employer
779
779
908
-
social contributions
29
65
75
-
health
7
14
17
-
total
36
79
92
-
Corporate
609
142
-
-
income
76
18
-
-
total
76
18
-
-
Dividends
533
124
-
-
withholding
91
21
-
-
total
91
21
-
-
Income
1 000
1 000
1 000
1 000
Total tax
323
268
289
289
After tax
677
732
711
711
Living cost
235
235
235
235
Free-cash
442
497
476
476

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
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.
€66
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
Limassol , Cyprus
€382
€361
€382
€403
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
-
-
-
1 000
health
-
-
-
26
social contributions
-
-
-
156
income
-
-
-
107
total
-
-
-
289
Employee
779
779
908
-
income
82
72
107
-
social contributions
38
65
75
-
health
8
13
15
-
total
128
150
197
-
Employer
779
779
908
-
social contributions
38
65
75
-
health
8
14
17
-
total
46
79
92
-
Corporate
498
142
-
-
income
62
18
-
-
total
62
18
-
-
Dividends
435
124
-
-
withholding
74
21
-
-
total
74
21
-
-
Income
1 000
1 000
1 000
1 000
Total tax
310
268
289
289
After tax
690
732
711
711
Living cost
329
329
329
329
Free-cash
361
403
382
382

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
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.
€73
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
Brno , Czech Republic
€253
€372
€272
€454
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
-
-
-
1 000
health
-
-
-
135
social contributions
-
-
-
292
income
-
-
-
86
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
345
-
746
-
income
41
-
90
-
social contributions
22
-
49
-
health
47
-
101
-
solidarity contribution
-
-
-
-
total
110
-
240
-
Employer
345
-
746
-
social contributions
86
-
187
-
health
31
-
67
-
total
117
-
254
-
Corporate
538
1 000
-
-
income
102
190
-
-
total
102
190
-
-
Dividends
436
810
-
-
withholding
65
122
-
-
total
65
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
394
312
494
513
After tax
606
688
506
487
Living cost
234
234
234
234
Free-cash
372
454
272
253

Estimated living cost  is €234 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€50
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
Prague , Czech Republic
€198
€297
€217
€399
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
-
-
-
1 000
health
-
-
-
135
social contributions
-
-
-
292
income
-
-
-
86
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
425
-
746
-
income
51
-
90
-
social contributions
28
-
49
-
health
57
-
101
-
solidarity contribution
-
-
-
-
total
136
-
240
-
Employer
425
-
746
-
social contributions
106
-
187
-
health
38
-
67
-
total
144
-
254
-
Corporate
431
1 000
-
-
income
82
190
-
-
total
82
190
-
-
Dividends
349
810
-
-
withholding
52
122
-
-
total
52
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
414
312
494
513
After tax
586
688
506
487
Living cost
289
289
289
289
Free-cash
297
399
217
198

Estimated living cost  is €289 per week

€215
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.
€53
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
Copenhagen , Denmark
€132
-€1214
-€1214
-€1214
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
-
-
-
1 000
national
-
-
-
106
pensions
-
-
-
9
municipal
-
-
-
185
labour market
-
-
-
79
total
-
-
-
379
Employee
2 066
2 066
2 066
-
municipal
440
440
440
-
national
252
252
252
-
pensions
3
3
3
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 066
2 066
2 066
-
pensions
6
6
6
-
labour market
165
165
165
-
municipal
441
441
441
-
national
253
253
253
-
total
865
865
865
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 725
1 725
1 725
379
After tax
-725
-725
-725
621
Living cost
489
489
489
489
Free-cash
-1 214
-1 214
-1 214
132

Estimated living cost  is €489 per week

€335
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.
€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.
€104
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
Tallinn , Estonia
€291
€492
€332
€555
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
-
-
-
1 000
health
-
-
-
130
pensions
-
-
-
200
income
-
-
-
134
total
-
-
-
464
Employee
287
-
747
-
unemployment
5
-
12
-
income
32
-
144
-
pensions
6
-
15
-
total
43
-
171
-
Employer
287
-
747
-
pensions
58
-
149
-
health
37
-
97
-
unemployment
2
-
6
-
total
97
-
252
-
Corporate
615
1 000
-
-
income
123
200
-
-
total
123
200
-
-
Dividends
492
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
263
200
423
464
After tax
737
800
577
536
Living cost
245
245
245
245
Free-cash
492
555
332
291

Estimated living cost  is €245 per week

€168
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.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
€323
€254
€183
€277
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

-
-
-
1 000
national
-
-
-
99
health
-
-
-
11
municipal
-
-
-
178
total
-
-
-
288
Employee
533
-
841
-
unemployment
8
-
13
-
municipal
87
-
137
-
national
9
-
54
-
pensions
36
-
57
-
health
4
-
9
-
total
144
-
270
-
Employer
533
-
841
-
pensions
92
-
146
-
health
4
-
6
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
158
-
Corporate
366
1 000
-
-
income
73
200
-
-
total
73
200
-
-
Dividends

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

220
600
-
-
municipal
40
108
-
-
national
-
26
-
-
total
40
134
-
-
Income
1 000
1 000
1 000
1 000
Total tax
357
334
428
288
After tax
643
666
572
712
Living cost
389
389
389
389
Free-cash
254
277
183
323

Estimated living cost  is €389 per week

€254
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.
€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

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
Marseille , France
€265
€248
€255
€192
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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
18
pensions
-
-
-
253
social contributions
-
-
-
28
income
-
-
-
93
other
-
-
-
31
total
-
-
-
423
Employee
387
-
762
-
income
20
-
88
-
surtax
-
-
-
-
social contributions
11
-
22
-
pensions
44
-
86
-
total
75
-
196
-
Employer
387
-
762
-
pensions
64
-
125
-
social contributions
1
-
2
-
other
13
-
26
-
health
27
-
53
-
unemployment
16
-
31
-
total
121
-
237
-
Corporate
492
1 000
-
-
income
138
280
-
-
surtax
-
-
-
-
total
138
280
-
-
Dividends
354
720
-
-
withholding
45
92
-
-
social contributions
61
124
-
-
surtax
-
-
-
-
total
106
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
440
496
433
423
After tax
560
504
567
577
Living cost
312
312
312
312
Free-cash
248
192
255
265

Estimated living cost  is €312 per week

€181
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.
€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 Marseille model

Close
Nice , France
€230
€217
€220
€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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
18
pensions
-
-
-
253
social contributions
-
-
-
28
income
-
-
-
93
other
-
-
-
31
total
-
-
-
423
Employee
434
-
762
-
income
26
-
88
-
surtax
-
-
-
-
social contributions
12
-
22
-
pensions
49
-
86
-
total
87
-
196
-
Employer
434
-
762
-
pensions
71
-
125
-
social contributions
1
-
2
-
other
15
-
26
-
health
30
-
53
-
unemployment
18
-
31
-
total
135
-
237
-
Corporate
431
1 000
-
-
income
121
280
-
-
surtax
-
-
-
-
total
121
280
-
-
Dividends
310
720
-
-
withholding
40
92
-
-
social contributions
53
124
-
-
surtax
-
-
-
-
total
93
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
436
496
433
423
After tax
564
504
567
577
Living cost
347
347
347
347
Free-cash
217
157
220
230

Estimated living cost  is €347 per week

€219
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.
€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 Nice model

Close
Paris , France
€88
€85
€78
€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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
18
pensions
-
-
-
253
social contributions
-
-
-
28
income
-
-
-
93
other
-
-
-
31
total
-
-
-
423
Employee
635
-
762
-
income
55
-
88
-
surtax
-
-
-
-
social contributions
18
-
22
-
pensions
72
-
86
-
total
145
-
196
-
Employer
635
-
762
-
pensions
104
-
125
-
social contributions
2
-
2
-
other
22
-
26
-
health
44
-
53
-
unemployment
26
-
31
-
total
198
-
237
-
Corporate
167
1 000
-
-
income
47
280
-
-
surtax
-
-
-
-
total
47
280
-
-
Dividends
120
720
-
-
withholding
15
92
-
-
social contributions
21
124
-
-
surtax
-
-
-
-
total
36
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
426
496
433
423
After tax
574
504
567
577
Living cost
489
489
489
489
Free-cash
85
15
78
88

Estimated living cost  is €489 per week

€331
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.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Batumi , Georgia
€925
€873
€735
€885
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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
81
-
1 000
-
income
16
-
200
-
total
16
-
200
-
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%.

919
1 000
-
-
total
-
-
-
-
Dividends
919
1 000
-
-
withholding
46
50
-
-
total
46
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
62
50
200
10
After tax
938
950
800
990
Living cost
65
65
65
65
Free-cash
873
885
735
925

Estimated living cost  is €65 per week

€40
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€18
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
Tbilisi , Georgia
€889
€830
€699
€849
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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
126
-
1 000
-
income
25
-
200
-
total
25
-
200
-
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%.

874
1 000
-
-
total
-
-
-
-
Dividends
874
1 000
-
-
withholding
44
50
-
-
total
44
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
69
50
200
10
After tax
931
950
800
990
Living cost
101
101
101
101
Free-cash
830
849
699
889

Estimated living cost  is €101 per week

€68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€4
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.
€25
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
Berlin , Germany
€247
€259
€323
€125
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.

-
-
-
1 000
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.

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
76
total
-
-
-
362
Employee

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

504
-
1 000
-
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.

41
-
206
-
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
-
11
-
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.

69
-
69
-
total
112
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
496
1 000
-
-
trade
71
144
-
-
income
74
150
-
-
chamber of commerce
2
3
-
-
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
-
-
total
151
305
-
-
Dividends
344
695
-
-
withholding
82
170
-
-
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
-
-
total
87
179
-
-
Income
1 000
1 000
1 000
1 000
Total tax
350
484
286
362
After tax
650
516
714
638
Living cost
391
391
391
391
Free-cash
259
125
323
247

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€74
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
Dresden , Germany
€324
€311
€407
€199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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.

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
83
total
-
-
-
369
Employee

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

388
-
1 000
-
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.

11
-
206
-
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
-
11
-
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.

69
-
69
-
total
81
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
612
1 000
-
-
trade
96
158
-
-
income
92
150
-
-
chamber of commerce
2
3
-
-
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
8
-
-
total
195
319
-
-
Dividends
417
681
-
-
withholding
100
166
-
-
surtax

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

6
9
-
-
total
106
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
382
494
286
369
After tax
618
506
714
631
Living cost
307
307
307
307
Free-cash
311
199
407
324

Estimated living cost  is €307 per week

€193
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.
€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

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
Hamburg , Germany
€229
€246
€316
€103
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.

-
-
-
1 000
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.

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
87
total
-
-
-
373
Employee

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

514
-
1 000
-
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
-
206
-
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
-
11
-
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.

69
-
69
-
total
115
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
486
1 000
-
-
trade
80
164
-
-
income
73
150
-
-
chamber of commerce
2
3
-
-
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
-
-
total
159
325
-
-
Dividends
327
674
-
-
withholding
78
165
-
-
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
-
-
total
82
174
-
-
Income
1 000
1 000
1 000
1 000
Total tax
356
499
286
373
After tax
644
501
714
627
Living cost
398
398
398
398
Free-cash
246
103
316
229

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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

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
Munich , Germany
€159
€196
€250
€31
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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.

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
91
total
-
-
-
377
Employee

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

609
-
1 000
-
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.

72
-
206
-
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
-
11
-
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.

69
-
69
-
total
145
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
391
1 000
-
-
trade
67
172
-
-
income
59
150
-
-
chamber of commerce
2
3
-
-
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
-
-
total
131
333
-
-
Dividends
260
667
-
-
withholding
61
163
-
-
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
-
-
total
64
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
340
505
286
377
After tax
660
495
714
623
Living cost
464
464
464
464
Free-cash
196
31
250
159

Estimated living cost  is €464 per week

€339
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.
€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.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
Athens , Greece
€288
€367
€269
€401
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
-
-
-
1 000
surtax
-
-
-
23
unemployment
-
-
-
2
health
-
-
-
71
pensions
-
-
-
200
income
-
-
-
188
other
-
-
-
-
total
-
-
-
484
Employee
341
-
826
-
unemployment
24
-
58
-
other
-
-
-
-
income
57
-
175
-
surtax
1
-
20
-
pensions
23
-
55
-
health
9
-
21
-
total
114
-
329
-
Employer
341
-
826
-
pensions
46
-
110
-
other
-
-
-
-
health
16
-
38
-
unemployment
11
-
26
-
total
73
-
174
-
Corporate
587
1 000
-
-
income
153
260
-
-
total
153
260
-
-
Dividends
434
740
-
-
withholding
65
111
-
-
total
65
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
405
371
503
484
After tax
595
629
497
516
Living cost
228
228
228
228
Free-cash
367
401
269
288

Estimated living cost  is €228 per week

€137
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.
€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 Athens model

Close
Thessaloniki , Greece
€292
€373
€273
€405
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
-
-
-
1 000
surtax
-
-
-
23
unemployment
-
-
-
2
health
-
-
-
71
pensions
-
-
-
200
income
-
-
-
188
other
-
-
-
-
total
-
-
-
484
Employee
335
-
826
-
unemployment
23
-
58
-
other
-
-
-
-
income
56
-
175
-
surtax
1
-
20
-
pensions
22
-
55
-
health
9
-
21
-
total
111
-
329
-
Employer
335
-
826
-
pensions
45
-
110
-
other
-
-
-
-
health
15
-
38
-
unemployment
11
-
26
-
total
71
-
174
-
Corporate
594
1 000
-
-
income
155
260
-
-
total
155
260
-
-
Dividends
440
740
-
-
withholding
66
111
-
-
total
66
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
403
371
503
484
After tax
597
629
497
516
Living cost
224
224
224
224
Free-cash
373
405
273
292

Estimated living cost  is €224 per week

€137
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.
€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 of data for Thessaloniki model

Close
Budapest , Hungary
€490
€366
€376
€361
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
-
-
-
1 000
unemployment
-
-
-
15
health
-
-
-
70
pensions
-
-
-
100
income
-
-
-
122
total
-
-
-
307
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.

293
116
837
-
unemployment
4
2
13
-
income
36
14
102
-
pensions
29
12
84
-
health
20
8
59
-
total
89
36
258
-
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.

293
116
837
-
pensions
57
23
163
-
total
57
23
163
-
Corporate
650
861
-
-
income
59
77
-
-
total
59
77
-
-
Dividends
592
783
-
-
withholding
112
149
-
-
social contributions
114
151
-
-
total
226
300
-
-
Income
1 000
1 000
1 000
1 000
Total tax
431
436
421
307
After tax
569
564
579
693
Living cost
203
203
203
203
Free-cash
366
361
376
490

Estimated living cost  is €203 per week

€138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
€113
€127
€122
€135
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
-
-
-
1 000
national
-
-
-
162
pensions
-
-
-
120
social contributions
-
-
-
11
municipal
-
-
-
105
total
-
-
-
398
Employee
759
-
864
-
municipal
94
-
108
-
national
145
-
168
-
pensions
30
-
35
-
total
269
-
311
-
Employer
759
-
864
-
pensions
61
-
69
-
social contributions
8
-
9
-
total
69
-
78
-
Corporate
122
1 000
-
-
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%.

24
200
-
-
total
24
200
-
-
Dividends
98
800
-
-
withholding
22
176
-
-
total
22
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
384
376
389
398
After tax
616
624
611
602
Living cost
489
489
489
489
Free-cash
127
135
122
113

Estimated living cost  is €489 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
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
Dublin , Ireland
€102
€145
€102
€123
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
-
-
-
1 000
social contributions
-
-
-
89
income
-
-
-
232
total
-
-
-
321
Employee
793
-
1 000
-
social contributions
66
-
89
-
income
150
-
232
-
total
216
-
321
-
Employer
793
-
1 000
-
total
-
-
-
-
Corporate
207
1 000
-
-
income
26
125
-
-
total
26
125
-
-
Dividends
181
875
-
-
withholding
36
175
-
-
total
36
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
278
300
321
321
After tax
722
700
679
679
Living cost
577
577
577
577
Free-cash
145
123
102
102

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
Milan , Italy
€86
€52
€39
€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
-
-
-
1 000
national
-
-
-
212
regional
-
-
-
11
social contributions
-
-
-
257
municipal
-
-
-
6
total
-
-
-
486
Employee
901
-
1 000
-
municipal
5
-
5
-
national
156
-
181
-
social contributions
304
-
337
-
regional
8
-
10
-
total
473
-
533
-
Employer
901
-
1 000
-
total
-
-
-
-
Corporate
99
1 000
-
-
nationa
24
240
-
-
municipal
4
39
-
-
total
28
279
-
-
Dividends
72
721
-
-
withholding
19
187
-
-
total
19
187
-
-
Income
1 000
1 000
1 000
1 000
Total tax
520
466
533
486
After tax
480
534
467
514
Living cost
428
428
428
428
Free-cash
52
106
39
86

Estimated living cost  is €428 per week

€298
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.
€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.
€95
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
Naples , Italy
€237
€229
€191
€252
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
-
-
-
1 000
national
-
-
-
212
regional
-
-
-
15
social contributions
-
-
-
257
municipal
-
-
-
6
total
-
-
-
490
Employee
562
-
1 000
-
municipal
3
-
5
-
national
89
-
181
-
social contributions
190
-
337
-
regional
8
-
13
-
total
290
-
536
-
Employer
562
-
1 000
-
total
-
-
-
-
Corporate
438
1 000
-
-
nationa
105
240
-
-
municipal
22
50
-
-
total
127
290
-
-
Dividends
311
710
-
-
withholding
81
185
-
-
total
81
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
498
475
536
490
After tax
502
525
464
510
Living cost
273
273
273
273
Free-cash
229
252
191
237

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model