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
€ 1050
per

Your estimated
City
free-cash

Andorra , Andorra
€494
€607
€522
€640
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
-
-
-
1 050
social contributions
-
-
-
231
income
-
-
-
20
total
-
-
-
251
Employee
326
-
909
-
social contributions
21
-
59
-
income
-
-
23
-
total
21
-
82
-
Employer
326
-
909
-
social contributions
50
-
141
-
total
50
-
141
-
Corporate
674
1 050
-
-
income
67
105
-
-
total
67
105
-
-
Dividends
606
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
138
105
223
251
After tax
912
945
827
799
Living cost
305
305
305
305
Free-cash
607
640
522
494

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.

Graz , Austria
€209
€262
-€7
€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
-
-
-
1 050
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
80
chamber of commerce
-
-
-
4
pensions
-
-
-
194
income
-
-
-
178
total
-
-
-
518
Employee
443
404
815
-
unemployment
13
12
24
-
other
4
4
8
-
income
39
30
159
-
pensions
45
41
83
-
health
17
16
32
-
total
118
103
306
-
Employer
443
404
815
-
pensions
56
51
102
-
surtax
-
-
-
-
payroll
13
12
24
-
other
21
19
39
-
health
17
15
31
-
accident
6
5
11
-
unemployment
13
12
24
-
chamber of commerce
2
2
3
-
total
128
116
234
-
Corporate
480
530
777
-
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.

120
132
194
-
total
120
132
194
-
Dividends
360
397
-
-
withholding
99
109
-
-
total
99
109
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
460
734
518
After tax
585
590
316
532
Living cost
323
323
323
323
Free-cash
262
267
-7
209

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.

Vienna , Austria
€173
€214
-€43
€231
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
-
-
-
1 050
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
80
chamber of commerce
-
-
-
4
pensions
-
-
-
194
income
-
-
-
178
total
-
-
-
520
Employee
506
404
814
-
unemployment
15
12
24
-
other
5
4
8
-
income
58
30
159
-
pensions
52
41
83
-
health
20
16
32
-
total
150
103
306
-
Employer
506
404
814
-
pensions
64
51
102
-
surtax
2
2
2
-
payroll
15
12
24
-
other
24
19
39
-
health
19
15
31
-
accident
7
5
11
-
unemployment
15
12
24
-
chamber of commerce
2
2
3
-
total
148
118
236
-
Corporate
396
528
775
-
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.

99
132
194
-
total
99
132
194
-
Dividends
297
396
-
-
withholding
82
109
-
-
total
82
109
-
-
Income
1 050
1 050
1 050
1 050
Total tax
479
462
736
520
After tax
571
588
314
530
Living cost
357
357
357
357
Free-cash
214
231
-43
173

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.

Brussels , Belgium
€120
€68
€38
€220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
national
-
-
-
342
communal

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

-
-
-
53
social contributions
-
-
-
166
total
-
-
-
561
Employee

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

725
-
813
-
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
-
257
-
communal

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

38
-
42
-
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
-
61
-
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
-
38
-
total
355
-
405
-
Employer

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

725
-
813
-
surtax
82
-
92
-
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
-
72
-
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
-
50
-
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
-
11
-
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
-
12
-
total
211
-
237
-
Corporate
114
1 050
-
-
income
23
210
-
-
surtax
-
4
-
-
total
23
214
-
-
Dividends
91
836
-
-
withholding

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

24
247
-
-
total
24
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
613
461
642
561
After tax
437
589
408
489
Living cost
370
370
370
370
Free-cash
68
220
38
120

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
Sofia , Bulgaria
€624
€662
€658
€724
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
-
-
-
1 050
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
-
-
-
158
total
-
-
-
252
Employee
231
-
981
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
98
-
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
-
149
-
Employer
231
-
981
-
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
774
1 050
-
-
income
77
105
-
-
total
77
105
-
-
Dividends
696
945
-
-
withholding
35
47
-
-
total
35
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
214
152
218
252
After tax
836
898
832
798
Living cost
174
174
174
174
Free-cash
662
724
658
624

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
Varna , Bulgaria
€665
€718
€699
€765
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
-
-
-
1 050
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
-
-
-
158
total
-
-
-
252
Employee
176
-
981
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
98
-
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
-
149
-
Employer
176
-
981
-
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
840
1 050
-
-
income
84
105
-
-
total
84
105
-
-
Dividends
756
945
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
199
152
218
252
After tax
851
898
832
798
Living cost
133
133
133
133
Free-cash
718
765
699
665

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
Larnaca , Cyprus
€504
€479
€504
€534
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
-
-
-
1 050
health
-
-
-
27
social contributions
-
-
-
164
income
-
-
-
120
total
-
-
-
311
Employee
779
779
953
-
income
85
72
119
-
social contributions
29
65
79
-
health
6
13
16
-
total
120
150
214
-
Employer
779
779
953
-
social contributions
29
65
79
-
health
7
14
18
-
total
36
79
97
-
Corporate
659
192
-
-
income
82
24
-
-
total
82
24
-
-
Dividends
577
168
-
-
withholding
98
28
-
-
total
98
28
-
-
Income
1 050
1 050
1 050
1 050
Total tax
336
281
311
311
After tax
714
769
739
739
Living cost
235
235
235
235
Free-cash
479
534
504
504

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
Limassol , Cyprus
€410
€398
€410
€440
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
-
-
-
1 050
health
-
-
-
27
social contributions
-
-
-
164
income
-
-
-
120
total
-
-
-
311
Employee
779
779
953
-
income
82
72
119
-
social contributions
38
65
79
-
health
8
13
16
-
total
128
150
214
-
Employer
779
779
953
-
social contributions
38
65
79
-
health
8
14
18
-
total
46
79
97
-
Corporate
548
192
-
-
income
68
24
-
-
total
68
24
-
-
Dividends
479
168
-
-
withholding
81
28
-
-
total
81
28
-
-
Income
1 050
1 050
1 050
1 050
Total tax
323
281
311
311
After tax
727
769
739
739
Living cost
329
329
329
329
Free-cash
398
440
410
410

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
Brno , Czech Republic
€277
€406
€298
€489
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
-
-
-
1 050
health
-
-
-
142
social contributions
-
-
-
307
income
-
-
-
90
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
345
-
784
-
income
41
-
94
-
social contributions
22
-
51
-
health
47
-
106
-
solidarity contribution
-
-
-
-
total
110
-
251
-
Employer
345
-
784
-
social contributions
86
-
196
-
health
31
-
71
-
total
117
-
267
-
Corporate
588
1 050
-
-
income
112
199
-
-
total
112
199
-
-
Dividends
476
851
-
-
withholding
71
128
-
-
total
71
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
410
327
518
539
After tax
640
723
532
511
Living cost
234
234
234
234
Free-cash
406
489
298
277

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
Prague , Czech Republic
€222
€332
€243
€434
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
-
-
-
1 050
health
-
-
-
142
social contributions
-
-
-
307
income
-
-
-
90
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
425
-
784
-
income
51
-
94
-
social contributions
28
-
51
-
health
57
-
106
-
solidarity contribution
-
-
-
-
total
136
-
251
-
Employer
425
-
784
-
social contributions
106
-
196
-
health
38
-
71
-
total
144
-
267
-
Corporate
481
1 050
-
-
income
91
199
-
-
total
91
199
-
-
Dividends
389
851
-
-
withholding
58
128
-
-
total
58
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
429
327
518
539
After tax
621
723
532
511
Living cost
289
289
289
289
Free-cash
332
434
243
222

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
Copenhagen , Denmark
€160
-€1164
-€1164
-€1164
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
-
-
-
1 050
national
-
-
-
112
pensions
-
-
-
9
municipal
-
-
-
197
labour market
-
-
-
83
total
-
-
-
401
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
1 050
1 050
1 050
1 050
Total tax
1 725
1 725
1 725
401
After tax
-675
-675
-675
649
Living cost
489
489
489
489
Free-cash
-1 164
-1 164
-1 164
160

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
Tallinn , Estonia
€318
€532
€360
€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
-
-
-
1 050
health
-
-
-
136
pensions
-
-
-
210
income
-
-
-
141
total
-
-
-
487
Employee
287
-
785
-
unemployment
5
-
13
-
income
32
-
151
-
pensions
6
-
16
-
total
43
-
180
-
Employer
287
-
785
-
pensions
58
-
157
-
health
37
-
102
-
unemployment
2
-
6
-
total
97
-
265
-
Corporate
665
1 050
-
-
income
133
210
-
-
total
133
210
-
-
Dividends
532
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
273
210
445
487
After tax
777
840
605
563
Living cost
245
245
245
245
Free-cash
532
595
360
318

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
Helsinki , Finland
€352
€289
€207
€307
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

-
-
-
1 050
national
-
-
-
110
health
-
-
-
12
municipal
-
-
-
187
total
-
-
-
309
Employee
533
-
883
-
unemployment
8
-
13
-
municipal
87
-
144
-
national
9
-
61
-
pensions
36
-
60
-
health
4
-
9
-
total
144
-
287
-
Employer
533
-
883
-
pensions
92
-
153
-
health
4
-
7
-
accident
1
-
1
-
unemployment
3
-
6
-
total
100
-
167
-
Corporate
416
1 050
-
-
income
83
210
-
-
total
83
210
-
-
Dividends

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

250
630
-
-
municipal
45
113
-
-
national
-
31
-
-
total
45
144
-
-
Income
1 050
1 050
1 050
1 050
Total tax
372
354
454
309
After tax
678
696
596
741
Living cost
389
389
389
389
Free-cash
289
307
207
352

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.

Marseille , France
€292
€273
€345
€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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
21
pensions
-
-
-
257
social contributions
-
-
-
30
income
-
-
-
105
other
-
-
-
33
total
-
-
-
446
Employee
387
-
851
-
income
20
-
128
-
surtax
-
-
-
-
social contributions
11
-
24
-
pensions
44
-
42
-
total
75
-
194
-
Employer
387
-
851
-
pensions
64
-
73
-
social contributions
1
-
3
-
other
13
-
29
-
health
27
-
60
-
unemployment
16
-
34
-
total
121
-
199
-
Corporate
542
1 050
-
-
income
152
294
-
-
surtax
-
-
-
-
total
152
294
-
-
Dividends
390
756
-
-
withholding
50
97
-
-
social contributions
67
130
-
-
surtax
-
-
-
-
total
117
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
521
393
446
After tax
585
529
657
604
Living cost
312
312
312
312
Free-cash
273
217
345
292

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
Nice , France
€257
€242
€310
€182
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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
21
pensions
-
-
-
257
social contributions
-
-
-
30
income
-
-
-
105
other
-
-
-
33
total
-
-
-
446
Employee
434
-
851
-
income
26
-
128
-
surtax
-
-
-
-
social contributions
12
-
24
-
pensions
49
-
42
-
total
87
-
194
-
Employer
434
-
851
-
pensions
71
-
73
-
social contributions
1
-
3
-
other
15
-
29
-
health
30
-
60
-
unemployment
18
-
34
-
total
135
-
199
-
Corporate
481
1 050
-
-
income
135
294
-
-
surtax
-
-
-
-
total
135
294
-
-
Dividends
346
756
-
-
withholding
44
97
-
-
social contributions
60
130
-
-
surtax
-
-
-
-
total
104
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
461
521
393
446
After tax
589
529
657
604
Living cost
347
347
347
347
Free-cash
242
182
310
257

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
Paris , France
€115
€110
€168
€40
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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
21
pensions
-
-
-
257
social contributions
-
-
-
30
income
-
-
-
105
other
-
-
-
33
total
-
-
-
446
Employee
635
-
851
-
income
55
-
128
-
surtax
-
-
-
-
social contributions
18
-
24
-
pensions
72
-
42
-
total
145
-
194
-
Employer
635
-
851
-
pensions
104
-
73
-
social contributions
2
-
3
-
other
22
-
29
-
health
44
-
60
-
unemployment
26
-
34
-
total
198
-
199
-
Corporate
217
1 050
-
-
income
61
294
-
-
surtax
-
-
-
-
total
61
294
-
-
Dividends
156
756
-
-
withholding
20
97
-
-
social contributions
27
130
-
-
surtax
-
-
-
-
total
47
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
451
521
393
446
After tax
599
529
657
604
Living cost
489
489
489
489
Free-cash
110
40
168
115

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
Batumi , Georgia
€974
€921
€775
€932
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%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
81
-
1 050
-
income
16
-
210
-
total
16
-
210
-
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%.

969
1 050
-
-
total
-
-
-
-
Dividends
969
1 050
-
-
withholding
48
53
-
-
total
48
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
64
53
210
11
After tax
986
997
840
1 039
Living cost
65
65
65
65
Free-cash
921
932
775
974

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.

Tbilisi , Georgia
€938
€878
€739
€896
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%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
126
-
1 050
-
income
25
-
210
-
total
25
-
210
-
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%.

924
1 050
-
-
total
-
-
-
-
Dividends
924
1 050
-
-
withholding
46
53
-
-
total
46
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
71
53
210
11
After tax
979
997
840
1 039
Living cost
101
101
101
101
Free-cash
878
896
739
938

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.

Berlin , Germany
€269
€285
€352
€149
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.

-
-
-
1 050
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.

-
-
-
12
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.

-
-
-
226
trade
-
-
-
83
total
-
-
-
390
Employee

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

504
-
1 050
-
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
-
226
-
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
-
12
-
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
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
546
1 050
-
-
trade
78
151
-
-
income
82
158
-
-
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
9
-
-
total
166
321
-
-
Dividends
379
730
-
-
withholding
91
179
-
-
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
10
-
-
total
96
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
374
510
307
390
After tax
676
540
743
660
Living cost
391
391
391
391
Free-cash
285
149
352
269

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.

Dresden , Germany
€345
€337
€436
€223
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.

-
-
-
1 050
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.

-
-
-
12
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.

-
-
-
226
trade
-
-
-
91
total
-
-
-
398
Employee

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

388
-
1 050
-
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
-
226
-
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
-
12
-
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
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
662
1 050
-
-
trade
104
165
-
-
income
99
158
-
-
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
9
-
-
total
210
335
-
-
Dividends
451
715
-
-
withholding
109
175
-
-
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
10
-
-
total
115
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
406
520
307
398
After tax
644
530
743
652
Living cost
307
307
307
307
Free-cash
337
223
436
345

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.

Hamburg , Germany
€250
€272
€345
€126
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.

-
-
-
1 050
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.

-
-
-
12
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.

-
-
-
226
trade
-
-
-
95
total
-
-
-
402
Employee

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

514
-
1 050
-
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
-
226
-
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
-
12
-
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
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
536
1 050
-
-
trade
88
173
-
-
income
80
158
-
-
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
9
-
-
total
174
343
-
-
Dividends
361
708
-
-
withholding
86
173
-
-
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
10
-
-
total
91
183
-
-
Income
1 050
1 050
1 050
1 050
Total tax
380
526
307
402
After tax
670
524
743
648
Living cost
398
398
398
398
Free-cash
272
126
345
250

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.

Munich , Germany
€180
€219
€279
€56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
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.

-
-
-
12
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.

-
-
-
226
trade
-
-
-
99
total
-
-
-
406
Employee

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

609
-
1 050
-
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
-
226
-
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
-
12
-
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
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
441
1 050
-
-
trade
76
180
-
-
income
66
158
-
-
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
9
-
-
total
148
350
-
-
Dividends
293
701
-
-
withholding
70
171
-
-
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
74
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
367
530
307
406
After tax
683
520
743
644
Living cost
464
464
464
464
Free-cash
219
56
279
180

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.

Athens , Greece
€308
€398
€288
€432
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
-
-
-
1 050
surtax
-
-
-
25
unemployment
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
income
-
-
-
202
other
-
-
-
-
total
-
-
-
514
Employee
341
-
867
-
unemployment
24
-
60
-
other
-
-
-
-
income
57
-
188
-
surtax
1
-
23
-
pensions
23
-
58
-
health
9
-
22
-
total
114
-
351
-
Employer
341
-
867
-
pensions
46
-
116
-
other
-
-
-
-
health
16
-
39
-
unemployment
11
-
28
-
total
73
-
183
-
Corporate
637
1 050
-
-
income
166
273
-
-
total
166
273
-
-
Dividends
471
777
-
-
withholding
71
117
-
-
total
71
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
424
390
534
514
After tax
626
660
516
536
Living cost
228
228
228
228
Free-cash
398
432
288
308

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
Thessaloniki , Greece
€312
€404
€292
€436
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
-
-
-
1 050
surtax
-
-
-
25
unemployment
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
income
-
-
-
202
other
-
-
-
-
total
-
-
-
514
Employee
335
-
867
-
unemployment
23
-
60
-
other
-
-
-
-
income
56
-
188
-
surtax
1
-
23
-
pensions
22
-
58
-
health
9
-
22
-
total
111
-
351
-
Employer
335
-
867
-
pensions
45
-
116
-
other
-
-
-
-
health
15
-
39
-
unemployment
11
-
28
-
total
71
-
183
-
Corporate
644
1 050
-
-
income
168
273
-
-
total
168
273
-
-
Dividends
477
777
-
-
withholding
72
117
-
-
total
72
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
422
390
534
514
After tax
628
660
516
536
Living cost
224
224
224
224
Free-cash
404
436
292
312

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
Budapest , Hungary
€525
€394
€406
€389
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
-
-
-
1 050
unemployment
-
-
-
16
health
-
-
-
73
pensions
-
-
-
105
income
-
-
-
128
total
-
-
-
322
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
879
-
unemployment
4
2
13
-
income
36
14
107
-
pensions
29
12
88
-
health
20
8
62
-
total
89
36
270
-
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
879
-
pensions
57
23
171
-
total
57
23
171
-
Corporate
700
911
-
-
income
63
82
-
-
total
63
82
-
-
Dividends
637
829
-
-
withholding
121
157
-
-
social contributions
123
160
-
-
total
244
317
-
-
Income
1 050
1 050
1 050
1 050
Total tax
453
458
441
322
After tax
597
592
609
728
Living cost
203
203
203
203
Free-cash
394
389
406
525

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
Reykjavik , Iceland
€143
€159
€151
€166
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
-
-
-
1 050
national
-
-
-
171
pensions
-
-
-
126
social contributions
-
-
-
11
municipal
-
-
-
110
total
-
-
-
418
Employee
759
-
908
-
municipal
94
-
114
-
national
145
-
177
-
pensions
30
-
36
-
total
269
-
327
-
Employer
759
-
908
-
pensions
61
-
73
-
social contributions
8
-
10
-
total
69
-
83
-
Corporate
172
1 050
-
-
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%.

34
210
-
-
total
34
210
-
-
Dividends
138
840
-
-
withholding
30
185
-
-
total
30
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
402
395
410
418
After tax
648
655
640
632
Living cost
489
489
489
489
Free-cash
159
166
151
143

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.

Dublin , Ireland
€127
€180
€127
€158
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
-
-
-
1 050
social contributions
-
-
-
94
income
-
-
-
252
total
-
-
-
346
Employee
793
-
1 050
-
social contributions
66
-
94
-
income
150
-
252
-
total
216
-
346
-
Employer
793
-
1 050
-
total
-
-
-
-
Corporate
257
1 050
-
-
income
32
131
-
-
total
32
131
-
-
Dividends
225
919
-
-
withholding
45
184
-
-
total
45
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
293
315
346
346
After tax
757
735
704
704
Living cost
577
577
577
577
Free-cash
180
158
127
127

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.
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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.

Milan , Italy
€108
€79
€58
€132
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
-
-
-
1 050
national
-
-
-
226
regional
-
-
-
12
social contributions
-
-
-
270
municipal
-
-
-
6
total
-
-
-
514
Employee
901
-
1 050
-
municipal
5
-
6
-
national
156
-
194
-
social contributions
304
-
354
-
regional
8
-
10
-
total
473
-
564
-
Employer
901
-
1 050
-
total
-
-
-
-
Corporate
149
1 050
-
-
nationa
36
252
-
-
municipal
6
41
-
-
total
42
293
-
-
Dividends
108
757
-
-
withholding
28
197
-
-
total
28
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
543
490
564
514
After tax
507
560
486
536
Living cost
428
428
428
428
Free-cash
79
132
58
108

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
Naples , Italy
€259
€256
€209
€279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
national
-
-
-
226
regional
-
-
-
16
social contributions
-
-
-
270
municipal
-
-
-
6
total
-
-
-
518
Employee
562
-
1 050
-
municipal
3
-
6
-
national
89
-
194
-
social contributions
190
-
354
-
regional
8
-
14
-
total
290
-
568
-
Employer
562
-
1 050
-
total
-
-
-
-
Corporate
488
1 050
-
-
nationa
117
252
-
-
municipal
24
52
-
-
total
141
304
-
-
Dividends
347
746
-
-
withholding
90
194
-
-
total
90
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
521
498
568
518
After tax
529
552
482
532
Living cost
273
273
273
273
Free-cash
256
279
209
259

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