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
€ 1150
per

Your estimated
City
free-cash

Andorra , Andorra
€564
€697
€594
€730
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
-
-
-
1 150
social contributions
-
-
-
253
income
-
-
-
28
total
-
-
-
281
Employee
326
-
996
-
social contributions
21
-
65
-
income
-
-
32
-
total
21
-
97
-
Employer
326
-
996
-
social contributions
50
-
154
-
total
50
-
154
-
Corporate
774
1 150
-
-
income
77
115
-
-
total
77
115
-
-
Dividends
696
1 035
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
148
115
251
281
After tax
1 002
1 035
899
869
Living cost
305
305
305
305
Free-cash
697
730
594
564

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
€250
€316
€7
€321
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
-
-
-
1 150
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
88
chamber of commerce
-
-
-
5
pensions
-
-
-
213
income
-
-
-
209
total
-
-
-
577
Employee
443
404
893
-
unemployment
13
12
27
-
other
4
4
9
-
income
39
30
186
-
pensions
45
41
91
-
health
17
16
35
-
total
118
103
348
-
Employer
443
404
893
-
pensions
56
51
112
-
surtax
-
-
-
-
payroll
13
12
27
-
other
21
19
42
-
health
17
15
34
-
accident
6
5
12
-
unemployment
13
12
27
-
chamber of commerce
2
2
4
-
total
128
116
258
-
Corporate
580
630
855
-
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.

145
157
214
-
total
145
157
214
-
Dividends
435
472
-
-
withholding
120
130
-
-
total
120
130
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
506
820
577
After tax
639
644
330
573
Living cost
323
323
323
323
Free-cash
316
321
7
250

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
€214
€269
-€26
€285
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
-
-
-
1 150
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
88
chamber of commerce
-
-
-
5
pensions
-
-
-
213
income
-
-
-
209
total
-
-
-
579
Employee
506
404
891
-
unemployment
15
12
27
-
other
5
4
9
-
income
58
30
185
-
pensions
52
41
91
-
health
20
16
34
-
total
150
103
346
-
Employer
506
404
891
-
pensions
64
51
112
-
surtax
2
2
2
-
payroll
15
12
27
-
other
24
19
42
-
health
19
15
34
-
accident
7
5
12
-
unemployment
15
12
27
-
chamber of commerce
2
2
4
-
total
148
118
260
-
Corporate
496
628
853
-
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.

124
157
213
-
total
124
157
213
-
Dividends
372
471
-
-
withholding
102
130
-
-
total
102
130
-
-
Income
1 150
1 150
1 150
1 150
Total tax
524
508
819
579
After tax
626
642
331
571
Living cost
357
357
357
357
Free-cash
269
285
-26
214

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
€154
€124
€70
€274
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
-
-
-
1 150
national
-
-
-
383
communal

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

-
-
-
58
social contributions
-
-
-
185
total
-
-
-
626
Employee

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

725
-
891
-
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
-
8
-
national
223
-
288
-
communal

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

38
-
46
-
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
-
67
-
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
-
42
-
total
355
-
451
-
Employer

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

725
-
891
-
surtax
82
-
101
-
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
-
79
-
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
-
55
-
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
-
12
-
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
-
13
-
total
211
-
260
-
Corporate
214
1 150
-
-
income
43
230
-
-
surtax
1
5
-
-
total
44
235
-
-
Dividends
170
915
-
-
withholding

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

47
271
-
-
total
47
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
657
506
711
626
After tax
493
644
439
524
Living cost
370
370
370
370
Free-cash
124
274
70
154

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
€710
€748
€748
€809
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
-
-
-
1 150
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
-
-
-
172
total
-
-
-
266
Employee
230
-
1 081
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
108
-
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
-
159
-
Employer
230
-
1 081
-
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
874
1 150
-
-
income
87
115
-
-
total
87
115
-
-
Dividends
787
1 035
-
-
withholding
39
52
-
-
total
39
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
228
167
228
266
After tax
922
983
922
884
Living cost
174
174
174
174
Free-cash
748
809
748
710

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
€751
€804
€789
€850
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
-
-
-
1 150
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
-
-
-
172
total
-
-
-
266
Employee
176
-
1 081
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
108
-
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
-
159
-
Employer
176
-
1 081
-
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
940
1 150
-
-
income
94
115
-
-
total
94
115
-
-
Dividends
846
1 035
-
-
withholding
42
52
-
-
total
42
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
213
167
228
266
After tax
937
983
922
884
Living cost
133
133
133
133
Free-cash
804
850
789
751

Estimated living cost  is €133 per week

€77
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
€573
€551
€560
€607
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
-
-
-
1 150
health
-
-
-
29
social contributions
-
-
-
164
income
-
-
-
149
total
-
-
-
342
Employee
779
779
1 044
-
income
85
72
144
-
social contributions
29
65
87
-
health
6
13
18
-
total
120
150
249
-
Employer
779
779
1 044
-
social contributions
29
65
87
-
health
7
14
19
-
total
36
79
106
-
Corporate
759
292
-
-
income
95
36
-
-
total
95
36
-
-
Dividends
664
255
-
-
withholding
113
43
-
-
total
113
43
-
-
Income
1 150
1 150
1 150
1 150
Total tax
364
308
355
342
After tax
786
842
795
808
Living cost
235
235
235
235
Free-cash
551
607
560
573

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
€479
€470
€466
€513
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
-
-
-
1 150
health
-
-
-
29
social contributions
-
-
-
164
income
-
-
-
149
total
-
-
-
342
Employee
779
779
1 044
-
income
82
72
144
-
social contributions
38
65
87
-
health
8
13
18
-
total
128
150
249
-
Employer
779
779
1 044
-
social contributions
38
65
87
-
health
8
14
19
-
total
46
79
106
-
Corporate
648
292
-
-
income
81
36
-
-
total
81
36
-
-
Dividends
567
255
-
-
withholding
96
43
-
-
total
96
43
-
-
Income
1 150
1 150
1 150
1 150
Total tax
351
308
355
342
After tax
799
842
795
808
Living cost
329
329
329
329
Free-cash
470
513
466
479

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
€326
€475
€349
€558
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
-
-
-
1 150
health
-
-
-
155
social contributions
-
-
-
336
income
-
-
-
99
solidarity contribution
-
-
-
-
total
-
-
-
590
Employee
344
-
858
-
income
41
-
103
-
social contributions
22
-
56
-
health
46
-
116
-
solidarity contribution
-
-
-
-
total
109
-
275
-
Employer
344
-
858
-
social contributions
86
-
215
-
health
31
-
77
-
total
117
-
292
-
Corporate
689
1 150
-
-
income
131
218
-
-
total
131
218
-
-
Dividends
558
932
-
-
withholding
84
140
-
-
total
84
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
441
358
567
590
After tax
709
792
583
560
Living cost
234
234
234
234
Free-cash
475
558
349
326

Estimated living cost  is €234 per week

€162
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
€272
€400
€295
€504
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
-
-
-
1 150
health
-
-
-
155
social contributions
-
-
-
336
income
-
-
-
99
solidarity contribution
-
-
-
-
total
-
-
-
590
Employee
424
-
858
-
income
51
-
103
-
social contributions
28
-
56
-
health
57
-
116
-
solidarity contribution
-
-
-
-
total
136
-
275
-
Employer
424
-
858
-
social contributions
106
-
215
-
health
38
-
77
-
total
144
-
292
-
Corporate
582
1 150
-
-
income
111
218
-
-
total
111
218
-
-
Dividends
471
932
-
-
withholding
71
140
-
-
total
71
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
462
358
567
590
After tax
688
792
583
560
Living cost
288
288
288
288
Free-cash
400
504
295
272

Estimated living cost  is €288 per week

€214
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
€215
-€1065
-€1065
-€1065
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
-
-
-
1 150
national
-
-
-
124
pensions
-
-
-
9
municipal
-
-
-
221
labour market
-
-
-
91
total
-
-
-
445
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
1 150
1 150
1 150
1 150
Total tax
1 725
1 725
1 725
445
After tax
-575
-575
-575
705
Living cost
490
490
490
490
Free-cash
-1 065
-1 065
-1 065
215

Estimated living cost  is €490 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
€371
€612
€417
€675
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
-
-
-
1 150
health
-
-
-
150
pensions
-
-
-
230
income
-
-
-
154
total
-
-
-
534
Employee
287
-
859
-
unemployment
5
-
14
-
income
32
-
166
-
pensions
6
-
17
-
total
43
-
197
-
Employer
287
-
859
-
pensions
58
-
172
-
health
37
-
112
-
unemployment
2
-
7
-
total
97
-
291
-
Corporate
765
1 150
-
-
income
153
230
-
-
total
153
230
-
-
Dividends
612
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
293
230
488
534
After tax
857
920
662
616
Living cost
245
245
245
245
Free-cash
612
675
417
371

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
€412
€358
€255
€365
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

-
-
-
1 150
national
-
-
-
131
health
-
-
-
13
municipal
-
-
-
205
total
-
-
-
349
Employee
533
-
967
-
unemployment
8
-
15
-
municipal
87
-
158
-
national
9
-
75
-
pensions
36
-
65
-
health
4
-
11
-
total
144
-
324
-
Employer
533
-
967
-
pensions
92
-
168
-
health
4
-
7
-
accident
1
-
1
-
unemployment
3
-
6
-
total
100
-
182
-
Corporate
516
1 150
-
-
income
103
230
-
-
total
103
230
-
-
Dividends

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

310
690
-
-
municipal
56
124
-
-
national
-
42
-
-
total
56
166
-
-
Income
1 150
1 150
1 150
1 150
Total tax
403
396
506
349
After tax
747
754
644
801
Living cost
389
389
389
389
Free-cash
358
365
255
412

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
€345
€323
€391
€268
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
-
-
-
1 150
surtax
-
-
-
-
health
-
-
-
29
pensions
-
-
-
266
social contributions
-
-
-
33
income
-
-
-
129
other
-
-
-
36
total
-
-
-
493
Employee
387
-
925
-
income
20
-
147
-
surtax
-
-
-
-
social contributions
11
-
26
-
pensions
44
-
49
-
total
75
-
222
-
Employer
387
-
925
-
pensions
64
-
85
-
social contributions
1
-
3
-
other
13
-
32
-
health
27
-
68
-
unemployment
16
-
37
-
total
121
-
225
-
Corporate
642
1 150
-
-
income
180
322
-
-
surtax
-
-
-
-
total
180
322
-
-
Dividends
462
828
-
-
withholding
59
106
-
-
social contributions
80
142
-
-
surtax
-
-
-
-
total
139
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
515
570
447
493
After tax
635
580
703
657
Living cost
312
312
312
312
Free-cash
323
268
391
345

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
€310
€292
€356
€233
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
-
-
-
1 150
surtax
-
-
-
-
health
-
-
-
29
pensions
-
-
-
266
social contributions
-
-
-
33
income
-
-
-
129
other
-
-
-
36
total
-
-
-
493
Employee
434
-
925
-
income
26
-
147
-
surtax
-
-
-
-
social contributions
12
-
26
-
pensions
49
-
49
-
total
87
-
222
-
Employer
434
-
925
-
pensions
71
-
85
-
social contributions
1
-
3
-
other
15
-
32
-
health
30
-
68
-
unemployment
18
-
37
-
total
135
-
225
-
Corporate
581
1 150
-
-
income
163
322
-
-
surtax
-
-
-
-
total
163
322
-
-
Dividends
418
828
-
-
withholding
54
106
-
-
social contributions
72
142
-
-
surtax
-
-
-
-
total
126
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
570
447
493
After tax
639
580
703
657
Living cost
347
347
347
347
Free-cash
292
233
356
310

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
€168
€161
€214
€91
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
-
-
-
1 150
surtax
-
-
-
-
health
-
-
-
29
pensions
-
-
-
266
social contributions
-
-
-
33
income
-
-
-
129
other
-
-
-
36
total
-
-
-
493
Employee
635
-
925
-
income
55
-
147
-
surtax
-
-
-
-
social contributions
18
-
26
-
pensions
72
-
49
-
total
145
-
222
-
Employer
635
-
925
-
pensions
104
-
85
-
social contributions
2
-
3
-
other
22
-
32
-
health
44
-
68
-
unemployment
26
-
37
-
total
198
-
225
-
Corporate
317
1 150
-
-
income
89
322
-
-
surtax
-
-
-
-
total
89
322
-
-
Dividends
228
828
-
-
withholding
29
106
-
-
social contributions
39
142
-
-
surtax
-
-
-
-
total
68
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
500
570
447
493
After tax
650
580
703
657
Living cost
489
489
489
489
Free-cash
161
91
214
168

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
€1072
€1015
€854
€1026
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
82
-
1 150
-
income
16
-
230
-
total
16
-
230
-
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%.

1 068
1 150
-
-
total
-
-
-
-
Dividends
1 068
1 150
-
-
withholding
53
58
-
-
total
53
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
69
58
230
12
After tax
1 081
1 092
920
1 138
Living cost
66
66
66
66
Free-cash
1 015
1 026
854
1 072

Estimated living cost  is €66 per week

€41
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
€1036
€971
€818
€990
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
128
-
1 150
-
income
26
-
230
-
total
26
-
230
-
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%.

1 022
1 150
-
-
total
-
-
-
-
Dividends
1 022
1 150
-
-
withholding
51
58
-
-
total
51
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
77
58
230
12
After tax
1 073
1 092
920
1 138
Living cost
102
102
102
102
Free-cash
971
990
818
1 036

Estimated living cost  is €102 per week

€69
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
€292
€336
€389
€203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
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.

-
-
-
16
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.

-
-
-
285
trade
-
-
-
97
total
-
-
-
467
Employee

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

504
-
1 150
-
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
-
285
-
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
-
16
-
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
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
646
1 150
-
-
trade
93
165
-
-
income
97
172
-
-
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
197
349
-
-
Dividends
448
800
-
-
withholding
108
196
-
-
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
11
-
-
total
114
207
-
-
Income
1 150
1 150
1 150
1 150
Total tax
423
556
370
467
After tax
727
594
780
683
Living cost
391
391
391
391
Free-cash
336
203
389
292

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
€366
€386
€473
€275
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.

-
-
-
1 150
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.

-
-
-
16
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.

-
-
-
285
trade
-
-
-
107
total
-
-
-
477
Employee

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

388
-
1 150
-
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
-
285
-
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
-
16
-
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
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
762
1 150
-
-
trade
120
181
-
-
income
114
172
-
-
chamber of commerce
3
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.

6
9
-
-
total
243
365
-
-
Dividends
519
784
-
-
withholding
126
192
-
-
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.

7
11
-
-
total
133
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
457
568
370
477
After tax
693
582
780
673
Living cost
307
307
307
307
Free-cash
386
275
473
366

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
€270
€321
€382
€179
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.

-
-
-
1 150
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.

-
-
-
16
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.

-
-
-
285
trade
-
-
-
112
total
-
-
-
482
Employee

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

514
-
1 150
-
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
-
285
-
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
-
16
-
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
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
636
1 150
-
-
trade
105
189
-
-
income
95
172
-
-
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
207
373
-
-
Dividends
428
776
-
-
withholding
103
190
-
-
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
109
200
-
-
Income
1 150
1 150
1 150
1 150
Total tax
431
573
370
482
After tax
719
577
780
668
Living cost
398
398
398
398
Free-cash
321
179
382
270

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
€200
€270
€316
€107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
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.

-
-
-
16
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.

-
-
-
285
trade
-
-
-
116
total
-
-
-
486
Employee

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

609
-
1 150
-
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
-
285
-
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
-
16
-
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
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
541
1 150
-
-
trade
93
197
-
-
income
81
172
-
-
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
180
381
-
-
Dividends
360
768
-
-
withholding
86
188
-
-
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
198
-
-
Income
1 150
1 150
1 150
1 150
Total tax
416
579
370
486
After tax
734
571
780
664
Living cost
464
464
464
464
Free-cash
270
107
316
200

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
€343
€461
€325
€495
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
-
-
-
1 150
surtax
-
-
-
31
unemployment
-
-
-
2
health
-
-
-
82
pensions
-
-
-
230
income
-
-
-
234
other
-
-
-
-
total
-
-
-
579
Employee
341
-
950
-
unemployment
24
-
66
-
other
-
-
-
-
income
57
-
216
-
surtax
1
-
28
-
pensions
23
-
63
-
health
9
-
24
-
total
114
-
397
-
Employer
341
-
950
-
pensions
46
-
127
-
other
-
-
-
-
health
16
-
43
-
unemployment
11
-
30
-
total
73
-
200
-
Corporate
737
1 150
-
-
income
192
299
-
-
total
192
299
-
-
Dividends
545
851
-
-
withholding
82
128
-
-
total
82
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
461
427
597
579
After tax
689
723
553
571
Living cost
228
228
228
228
Free-cash
461
495
325
343

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
€347
€467
€329
€499
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
-
-
-
1 150
surtax
-
-
-
31
unemployment
-
-
-
2
health
-
-
-
82
pensions
-
-
-
230
income
-
-
-
234
other
-
-
-
-
total
-
-
-
579
Employee
335
-
950
-
unemployment
23
-
66
-
other
-
-
-
-
income
56
-
216
-
surtax
1
-
28
-
pensions
22
-
63
-
health
9
-
24
-
total
111
-
397
-
Employer
335
-
950
-
pensions
45
-
127
-
other
-
-
-
-
health
15
-
43
-
unemployment
11
-
30
-
total
71
-
200
-
Corporate
744
1 150
-
-
income
194
299
-
-
total
194
299
-
-
Dividends
551
851
-
-
withholding
83
128
-
-
total
83
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
459
427
597
579
After tax
691
723
553
571
Living cost
224
224
224
224
Free-cash
467
499
329
347

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
€595
€451
€466
€446
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
-
-
-
1 150
unemployment
-
-
-
17
health
-
-
-
81
pensions
-
-
-
115
income
-
-
-
141
total
-
-
-
354
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.

290
116
962
-
unemployment
4
2
14
-
income
36
14
118
-
pensions
29
12
96
-
health
20
8
67
-
total
89
36
295
-
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.

290
116
962
-
pensions
57
23
188
-
total
57
23
188
-
Corporate
803
1 012
-
-
income
72
91
-
-
total
72
91
-
-
Dividends
731
921
-
-
withholding
139
175
-
-
social contributions
141
178
-
-
total
280
353
-
-
Income
1 150
1 150
1 150
1 150
Total tax
498
503
483
354
After tax
652
647
667
796
Living cost
201
201
201
201
Free-cash
451
446
466
595

Estimated living cost  is €201 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
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
€198
€218
€205
€227
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
-
-
-
1 150
national
-
-
-
189
pensions
-
-
-
138
social contributions
-
-
-
12
municipal
-
-
-
122
total
-
-
-
461
Employee
761
-
994
-
municipal
94
-
127
-
national
146
-
196
-
pensions
30
-
40
-
total
270
-
363
-
Employer
761
-
994
-
pensions
61
-
80
-
social contributions
8
-
11
-
total
69
-
91
-
Corporate
270
1 150
-
-
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%.

54
230
-
-
total
54
230
-
-
Dividends
216
920
-
-
withholding
48
202
-
-
total
48
202
-
-
Income
1 150
1 150
1 150
1 150
Total tax
441
432
454
461
After tax
709
718
696
689
Living cost
491
491
491
491
Free-cash
218
227
205
198

Estimated living cost  is €491 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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
€176
€249
€176
€228
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
-
-
-
1 150
social contributions
-
-
-
105
income
-
-
-
292
total
-
-
-
397
Employee
793
-
1 150
-
social contributions
66
-
105
-
income
150
-
292
-
total
216
-
397
-
Employer
793
-
1 150
-
total
-
-
-
-
Corporate
357
1 150
-
-
income
45
144
-
-
total
45
144
-
-
Dividends
313
1 006
-
-
withholding
63
201
-
-
total
63
201
-
-
Income
1 150
1 150
1 150
1 150
Total tax
324
345
397
397
After tax
826
805
753
753
Living cost
577
577
577
577
Free-cash
249
228
176
176

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
€152
€132
€98
€185
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
-
-
-
1 150
national
-
-
-
254
regional
-
-
-
13
social contributions
-
-
-
296
municipal
-
-
-
7
total
-
-
-
570
Employee
901
-
1 150
-
municipal
5
-
6
-
national
156
-
219
-
social contributions
304
-
388
-
regional
8
-
11
-
total
473
-
624
-
Employer
901
-
1 150
-
total
-
-
-
-
Corporate
249
1 150
-
-
nationa
60
276
-
-
municipal
10
45
-
-
total
70
321
-
-
Dividends
180
829
-
-
withholding
47
216
-
-
total
47
216
-
-
Income
1 150
1 150
1 150
1 150
Total tax
590
537
624
570
After tax
560
613
526
580
Living cost
428
428
428
428
Free-cash
132
185
98
152

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
€303
€308
€249
€332
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
-
-
-
1 150
national
-
-
-
254
regional
-
-
-
17
social contributions
-
-
-
296
municipal
-
-
-
7
total
-
-
-
574
Employee
562
-
1 150
-
municipal
3
-
6
-
national
89
-
219
-
social contributions
190
-
388
-
regional
8
-
15
-
total
290
-
628
-
Employer
562
-
1 150
-
total
-
-
-
-
Corporate
588
1 150
-
-
nationa
141
276
-
-
municipal
29
57
-
-
total
170
333
-
-
Dividends
418
817
-
-
withholding
109
212
-
-
total
109
212
-
-
Income
1 150
1 150
1 150
1 150
Total tax
569
545
628
574
After tax
581
605
522
576
Living cost
273
273
273
273
Free-cash
308
332
249
303

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