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
€ 1200
per

Your estimated
City
free-cash

Andorra , Andorra
€599
€742
€630
€775
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
-
-
-
1 200
social contributions
-
-
-
264
income
-
-
-
32
total
-
-
-
296
Employee
326
-
1 039
-
social contributions
21
-
68
-
income
-
-
36
-
total
21
-
104
-
Employer
326
-
1 039
-
social contributions
50
-
161
-
total
50
-
161
-
Corporate
824
1 200
-
-
income
82
120
-
-
total
82
120
-
-
Dividends
741
1 080
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
153
120
265
296
After tax
1 047
1 080
935
904
Living cost
305
305
305
305
Free-cash
742
775
630
599

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
€273
€344
€19
€348
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
-
-
-
1 200
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
5
pensions
-
-
-
219
income
-
-
-
227
total
-
-
-
604
Employee
443
404
932
-
unemployment
13
12
28
-
other
4
4
9
-
income
39
30
199
-
pensions
45
41
95
-
health
17
16
36
-
total
118
103
367
-
Employer
443
404
932
-
pensions
56
51
117
-
surtax
-
-
-
-
payroll
13
12
28
-
other
21
19
44
-
health
17
15
35
-
accident
6
5
12
-
unemployment
13
12
28
-
chamber of commerce
2
2
4
-
total
128
116
268
-
Corporate
630
680
893
-
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.

157
170
223
-
total
157
170
223
-
Dividends
472
510
-
-
withholding
130
140
-
-
total
130
140
-
-
Income
1 200
1 200
1 200
1 200
Total tax
533
529
858
604
After tax
667
671
342
596
Living cost
323
323
323
323
Free-cash
344
348
19
273

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
€237
€296
-€17
€313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
5
pensions
-
-
-
219
income
-
-
-
227
total
-
-
-
606
Employee
506
404
930
-
unemployment
15
12
28
-
other
5
4
9
-
income
58
30
199
-
pensions
52
41
95
-
health
20
16
36
-
total
150
103
367
-
Employer
506
404
930
-
pensions
64
51
117
-
surtax
2
2
2
-
payroll
15
12
28
-
other
24
19
44
-
health
19
15
35
-
accident
7
5
12
-
unemployment
15
12
28
-
chamber of commerce
2
2
4
-
total
148
118
270
-
Corporate
546
678
892
-
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.

136
169
223
-
total
136
169
223
-
Dividends
409
508
-
-
withholding
113
140
-
-
total
113
140
-
-
Income
1 200
1 200
1 200
1 200
Total tax
547
530
860
606
After tax
653
670
340
594
Living cost
357
357
357
357
Free-cash
296
313
-17
237

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
€174
€152
€86
€302
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
-
-
-
1 200
national
-
-
-
404
communal

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

-
-
-
60
social contributions
-
-
-
192
total
-
-
-
656
Employee

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

725
-
929
-
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
-
304
-
communal

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

38
-
48
-
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
-
70
-
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
-
44
-
total
355
-
474
-
Employer

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

725
-
929
-
surtax
82
-
105
-
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
-
82
-
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
-
57
-
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
-
14
-
total
211
-
270
-
Corporate
264
1 200
-
-
income
53
240
-
-
surtax
1
5
-
-
total
54
245
-
-
Dividends
210
955
-
-
withholding

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

59
283
-
-
total
59
283
-
-
Income
1 200
1 200
1 200
1 200
Total tax
679
528
744
656
After tax
521
672
456
544
Living cost
370
370
370
370
Free-cash
152
302
86
174

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
€752
€790
€793
€852
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
-
-
-
1 200
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
-
-
-
180
total
-
-
-
274
Employee
230
-
1 131
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
113
-
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
-
164
-
Employer
230
-
1 131
-
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
924
1 200
-
-
income
92
120
-
-
total
92
120
-
-
Dividends
832
1 080
-
-
withholding
42
54
-
-
total
42
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
236
174
233
274
After tax
964
1 026
967
926
Living cost
174
174
174
174
Free-cash
790
852
793
752

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
€793
€846
€834
€893
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
-
-
-
1 200
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
-
-
-
180
total
-
-
-
274
Employee
176
-
1 131
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
113
-
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
-
164
-
Employer
176
-
1 131
-
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
990
1 200
-
-
income
99
120
-
-
total
99
120
-
-
Dividends
891
1 080
-
-
withholding
45
54
-
-
total
45
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
221
174
233
274
After tax
979
1 026
967
926
Living cost
133
133
133
133
Free-cash
846
893
834
793

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
€607
€588
€594
€642
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
-
-
-
1 200
health
-
-
-
31
social contributions
-
-
-
164
income
-
-
-
163
total
-
-
-
358
Employee
779
779
1 093
-
income
85
72
158
-
social contributions
29
65
87
-
health
6
13
19
-
total
120
150
264
-
Employer
779
779
1 093
-
social contributions
29
65
87
-
health
7
14
20
-
total
36
79
107
-
Corporate
809
342
-
-
income
101
43
-
-
total
101
43
-
-
Dividends
708
299
-
-
withholding
120
51
-
-
total
120
51
-
-
Income
1 200
1 200
1 200
1 200
Total tax
377
323
371
358
After tax
823
877
829
842
Living cost
235
235
235
235
Free-cash
588
642
594
607

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
€513
€506
€500
€548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
health
-
-
-
31
social contributions
-
-
-
164
income
-
-
-
163
total
-
-
-
358
Employee
779
779
1 093
-
income
82
72
158
-
social contributions
38
65
87
-
health
8
13
19
-
total
128
150
264
-
Employer
779
779
1 093
-
social contributions
38
65
87
-
health
8
14
20
-
total
46
79
107
-
Corporate
698
342
-
-
income
87
43
-
-
total
87
43
-
-
Dividends
610
299
-
-
withholding
104
51
-
-
total
104
51
-
-
Income
1 200
1 200
1 200
1 200
Total tax
365
323
371
358
After tax
835
877
829
842
Living cost
329
329
329
329
Free-cash
506
548
500
513

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
€362
€510
€375
€592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
health
-
-
-
162
social contributions
-
-
-
337
income
-
-
-
105
solidarity contribution
-
-
-
-
total
-
-
-
604
Employee
344
-
896
-
income
41
-
107
-
social contributions
22
-
58
-
health
46
-
121
-
solidarity contribution
-
-
-
-
total
109
-
286
-
Employer
344
-
896
-
social contributions
86
-
224
-
health
31
-
81
-
total
117
-
305
-
Corporate
739
1 200
-
-
income
140
228
-
-
total
140
228
-
-
Dividends
599
972
-
-
withholding
90
146
-
-
total
90
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
456
374
591
604
After tax
744
826
609
596
Living cost
234
234
234
234
Free-cash
510
592
375
362

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
€308
€435
€321
€538
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
-
-
-
1 200
health
-
-
-
162
social contributions
-
-
-
337
income
-
-
-
105
solidarity contribution
-
-
-
-
total
-
-
-
604
Employee
424
-
896
-
income
51
-
107
-
social contributions
28
-
58
-
health
57
-
121
-
solidarity contribution
-
-
-
-
total
136
-
286
-
Employer
424
-
896
-
social contributions
106
-
224
-
health
38
-
81
-
total
144
-
305
-
Corporate
632
1 200
-
-
income
120
228
-
-
total
120
228
-
-
Dividends
512
972
-
-
withholding
77
146
-
-
total
77
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
477
374
591
604
After tax
723
826
609
596
Living cost
288
288
288
288
Free-cash
435
538
321
308

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
€244
-€1015
-€1015
-€1015
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
-
-
-
1 200
national
-
-
-
130
pensions
-
-
-
9
municipal
-
-
-
232
labour market
-
-
-
95
total
-
-
-
466
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
1 200
1 200
1 200
1 200
Total tax
1 725
1 725
1 725
466
After tax
-525
-525
-525
734
Living cost
490
490
490
490
Free-cash
-1 015
-1 015
-1 015
244

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
€398
€652
€447
€715
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
-
-
-
1 200
health
-
-
-
156
pensions
-
-
-
240
income
-
-
-
161
total
-
-
-
557
Employee
287
-
897
-
unemployment
5
-
14
-
income
32
-
173
-
pensions
6
-
18
-
total
43
-
205
-
Employer
287
-
897
-
pensions
58
-
179
-
health
37
-
117
-
unemployment
2
-
7
-
total
97
-
303
-
Corporate
815
1 200
-
-
income
163
240
-
-
total
163
240
-
-
Dividends
652
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
303
240
508
557
After tax
897
960
692
643
Living cost
245
245
245
245
Free-cash
652
715
447
398

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
€443
€393
€277
€394
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

-
-
-
1 200
national
-
-
-
141
health
-
-
-
14
municipal
-
-
-
213
total
-
-
-
368
Employee
533
-
1 010
-
unemployment
8
-
15
-
municipal
87
-
165
-
national
9
-
84
-
pensions
36
-
68
-
health
4
-
11
-
total
144
-
343
-
Employer
533
-
1 010
-
pensions
92
-
175
-
health
4
-
8
-
accident
1
-
1
-
unemployment
3
-
7
-
total
100
-
191
-
Corporate
566
1 200
-
-
income
113
240
-
-
total
113
240
-
-
Dividends

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

340
720
-
-
municipal
61
130
-
-
national
-
47
-
-
total
61
177
-
-
Income
1 200
1 200
1 200
1 200
Total tax
418
417
534
368
After tax
782
783
666
832
Living cost
389
389
389
389
Free-cash
393
394
277
443

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
€374
€348
€413
€292
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
-
-
-
1 200
surtax
-
-
-
-
health
-
-
-
32
pensions
-
-
-
270
social contributions
-
-
-
34
income
-
-
-
141
other
-
-
-
37
total
-
-
-
514
Employee
387
-
961
-
income
20
-
157
-
surtax
-
-
-
-
social contributions
11
-
27
-
pensions
44
-
53
-
total
75
-
237
-
Employer
387
-
961
-
pensions
64
-
91
-
social contributions
1
-
3
-
other
13
-
33
-
health
27
-
72
-
unemployment
16
-
39
-
total
121
-
238
-
Corporate
692
1 200
-
-
income
194
336
-
-
surtax
-
-
-
-
total
194
336
-
-
Dividends
498
864
-
-
withholding
64
111
-
-
social contributions
86
149
-
-
surtax
-
-
-
-
total
150
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
540
596
475
514
After tax
660
604
725
686
Living cost
312
312
312
312
Free-cash
348
292
413
374

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
€339
€318
€378
€257
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
-
-
-
1 200
surtax
-
-
-
-
health
-
-
-
32
pensions
-
-
-
270
social contributions
-
-
-
34
income
-
-
-
141
other
-
-
-
37
total
-
-
-
514
Employee
434
-
961
-
income
26
-
157
-
surtax
-
-
-
-
social contributions
12
-
27
-
pensions
49
-
53
-
total
87
-
237
-
Employer
434
-
961
-
pensions
71
-
91
-
social contributions
1
-
3
-
other
15
-
33
-
health
30
-
72
-
unemployment
18
-
39
-
total
135
-
238
-
Corporate
631
1 200
-
-
income
177
336
-
-
surtax
-
-
-
-
total
177
336
-
-
Dividends
454
864
-
-
withholding
58
111
-
-
social contributions
78
149
-
-
surtax
-
-
-
-
total
136
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
535
596
475
514
After tax
665
604
725
686
Living cost
347
347
347
347
Free-cash
318
257
378
339

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
€197
€186
€236
€115
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
-
-
-
1 200
surtax
-
-
-
-
health
-
-
-
32
pensions
-
-
-
270
social contributions
-
-
-
34
income
-
-
-
141
other
-
-
-
37
total
-
-
-
514
Employee
635
-
961
-
income
55
-
157
-
surtax
-
-
-
-
social contributions
18
-
27
-
pensions
72
-
53
-
total
145
-
237
-
Employer
635
-
961
-
pensions
104
-
91
-
social contributions
2
-
3
-
other
22
-
33
-
health
44
-
72
-
unemployment
26
-
39
-
total
198
-
238
-
Corporate
367
1 200
-
-
income
103
336
-
-
surtax
-
-
-
-
total
103
336
-
-
Dividends
264
864
-
-
withholding
34
111
-
-
social contributions
45
149
-
-
surtax
-
-
-
-
total
79
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
525
596
475
514
After tax
675
604
725
686
Living cost
489
489
489
489
Free-cash
186
115
236
197

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
€1122
€1062
€894
€1074
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%.

-
-
-
1 200
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
-
1 200
-
income
16
-
240
-
total
16
-
240
-
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%.

1 118
1 200
-
-
total
-
-
-
-
Dividends
1 118
1 200
-
-
withholding
56
60
-
-
total
56
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
72
60
240
12
After tax
1 128
1 140
960
1 188
Living cost
66
66
66
66
Free-cash
1 062
1 074
894
1 122

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
€1086
€1018
€858
€1038
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%.

-
-
-
1 200
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
-
1 200
-
income
26
-
240
-
total
26
-
240
-
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%.

1 072
1 200
-
-
total
-
-
-
-
Dividends
1 072
1 200
-
-
withholding
54
60
-
-
total
54
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
80
60
240
12
After tax
1 120
1 140
960
1 188
Living cost
102
102
102
102
Free-cash
1 018
1 038
858
1 086

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
€312
€361
€417
€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

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

-
-
-
1 200
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.

-
-
-
17
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.

-
-
-
306
trade
-
-
-
105
total
-
-
-
497
Employee

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

504
-
1 200
-
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
-
306
-
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
-
17
-
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
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
696
1 200
-
-
trade
100
172
-
-
income
104
180
-
-
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
10
-
-
total
213
365
-
-
Dividends
483
835
-
-
withholding
117
205
-
-
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
123
216
-
-
Income
1 200
1 200
1 200
1 200
Total tax
448
581
392
497
After tax
752
619
808
703
Living cost
391
391
391
391
Free-cash
361
228
417
312

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
€386
€411
€501
€299
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.

-
-
-
1 200
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.

-
-
-
17
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.

-
-
-
306
trade
-
-
-
115
total
-
-
-
507
Employee

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

388
-
1 200
-
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
-
306
-
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
-
17
-
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
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
812
1 200
-
-
trade
128
189
-
-
income
122
180
-
-
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.

7
10
-
-
total
260
382
-
-
Dividends
553
818
-
-
withholding
134
201
-
-
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
141
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
482
594
392
507
After tax
718
606
808
693
Living cost
307
307
307
307
Free-cash
411
299
501
386

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
€290
€344
€410
€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.

-
-
-
1 200
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.

-
-
-
17
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.

-
-
-
306
trade
-
-
-
120
total
-
-
-
512
Employee

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

514
-
1 200
-
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
-
306
-
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
-
17
-
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
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
686
1 200
-
-
trade
113
197
-
-
income
103
180
-
-
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
10
-
-
total
225
390
-
-
Dividends
462
809
-
-
withholding
112
198
-
-
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
118
209
-
-
Income
1 200
1 200
1 200
1 200
Total tax
458
599
392
512
After tax
742
601
808
688
Living cost
398
398
398
398
Free-cash
344
203
410
290

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
€219
€294
€344
€130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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.

-
-
-
17
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.

-
-
-
306
trade
-
-
-
125
total
-
-
-
517
Employee

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

609
-
1 200
-
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
-
306
-
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
-
17
-
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
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
591
1 200
-
-
trade
101
206
-
-
income
89
180
-
-
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
10
-
-
total
197
399
-
-
Dividends
394
801
-
-
withholding
95
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.

5
11
-
-
total
100
207
-
-
Income
1 200
1 200
1 200
1 200
Total tax
442
606
392
517
After tax
758
594
808
683
Living cost
464
464
464
464
Free-cash
294
130
344
219

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
€362
€493
€342
€527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
surtax
-
-
-
33
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
240
income
-
-
-
250
other
-
-
-
-
total
-
-
-
610
Employee
341
-
991
-
unemployment
24
-
69
-
other
-
-
-
-
income
57
-
232
-
surtax
1
-
30
-
pensions
23
-
66
-
health
9
-
25
-
total
114
-
422
-
Employer
341
-
991
-
pensions
46
-
132
-
other
-
-
-
-
health
16
-
45
-
unemployment
11
-
31
-
total
73
-
208
-
Corporate
787
1 200
-
-
income
205
312
-
-
total
205
312
-
-
Dividends
582
888
-
-
withholding
87
133
-
-
total
87
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
479
445
630
610
After tax
721
755
570
590
Living cost
228
228
228
228
Free-cash
493
527
342
362

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
€366
€499
€346
€531
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
-
-
-
1 200
surtax
-
-
-
33
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
240
income
-
-
-
250
other
-
-
-
-
total
-
-
-
610
Employee
335
-
991
-
unemployment
23
-
69
-
other
-
-
-
-
income
56
-
232
-
surtax
1
-
30
-
pensions
22
-
66
-
health
9
-
25
-
total
111
-
422
-
Employer
335
-
991
-
pensions
45
-
132
-
other
-
-
-
-
health
15
-
45
-
unemployment
11
-
31
-
total
71
-
208
-
Corporate
794
1 200
-
-
income
207
312
-
-
total
207
312
-
-
Dividends
588
888
-
-
withholding
88
133
-
-
total
88
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
477
445
630
610
After tax
723
755
570
590
Living cost
224
224
224
224
Free-cash
499
531
346
366

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
€630
€479
€495
€473
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
-
-
-
1 200
unemployment
-
-
-
18
health
-
-
-
84
pensions
-
-
-
120
income
-
-
-
147
total
-
-
-
369
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
1 004
-
unemployment
4
2
15
-
income
36
14
123
-
pensions
29
12
100
-
health
20
8
70
-
total
89
36
308
-
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
1 004
-
pensions
57
23
196
-
total
57
23
196
-
Corporate
853
1 062
-
-
income
77
96
-
-
total
77
96
-
-
Dividends
776
966
-
-
withholding
147
184
-
-
social contributions
150
187
-
-
total
297
371
-
-
Income
1 200
1 200
1 200
1 200
Total tax
520
526
504
369
After tax
680
674
696
831
Living cost
201
201
201
201
Free-cash
479
473
495
630

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
€226
€250
€236
€258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
national
-
-
-
198
pensions
-
-
-
144
social contributions
-
-
-
13
municipal
-
-
-
128
total
-
-
-
483
Employee
761
-
1 037
-
municipal
94
-
133
-
national
146
-
205
-
pensions
30
-
41
-
total
270
-
379
-
Employer
761
-
1 037
-
pensions
61
-
83
-
social contributions
8
-
11
-
total
69
-
94
-
Corporate
320
1 200
-
-
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%.

64
240
-
-
total
64
240
-
-
Dividends
256
960
-
-
withholding
56
211
-
-
total
56
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
459
451
473
483
After tax
741
749
727
717
Living cost
491
491
491
491
Free-cash
250
258
236
226

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
€200
€285
€200
€263
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
-
-
-
1 200
social contributions
-
-
-
111
income
-
-
-
312
total
-
-
-
423
Employee
793
-
1 200
-
social contributions
66
-
111
-
income
150
-
312
-
total
216
-
423
-
Employer
793
-
1 200
-
total
-
-
-
-
Corporate
407
1 200
-
-
income
51
150
-
-
total
51
150
-
-
Dividends
356
1 050
-
-
withholding
71
210
-
-
total
71
210
-
-
Income
1 200
1 200
1 200
1 200
Total tax
338
360
423
423
After tax
862
840
777
777
Living cost
577
577
577
577
Free-cash
285
263
200
200

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
€174
€159
€118
€212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
national
-
-
-
268
regional
-
-
-
14
social contributions
-
-
-
309
municipal
-
-
-
7
total
-
-
-
598
Employee
901
-
1 200
-
municipal
5
-
6
-
national
156
-
231
-
social contributions
304
-
405
-
regional
8
-
12
-
total
473
-
654
-
Employer
901
-
1 200
-
total
-
-
-
-
Corporate
299
1 200
-
-
nationa
72
288
-
-
municipal
12
47
-
-
total
84
335
-
-
Dividends
216
865
-
-
withholding
56
225
-
-
total
56
225
-
-
Income
1 200
1 200
1 200
1 200
Total tax
613
560
654
598
After tax
587
640
546
602
Living cost
428
428
428
428
Free-cash
159
212
118
174

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
€325
€334
€269
€357
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
-
-
-
1 200
national
-
-
-
268
regional
-
-
-
18
social contributions
-
-
-
309
municipal
-
-
-
7
total
-
-
-
602
Employee
562
-
1 200
-
municipal
3
-
6
-
national
89
-
231
-
social contributions
190
-
405
-
regional
8
-
16
-
total
290
-
658
-
Employer
562
-
1 200
-
total
-
-
-
-
Corporate
638
1 200
-
-
nationa
153
288
-
-
municipal
32
60
-
-
total
185
348
-
-
Dividends
453
852
-
-
withholding
118
222
-
-
total
118
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
593
570
658
602
After tax
607
630
542
598
Living cost
273
273
273
273
Free-cash
334
357
269
325

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