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
€ 1500
per

Your estimated
City
free-cash

Andorra , Andorra
€810
€1012
€850
€1045
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
-
-
-
1 500
social contributions
-
-
-
330
income
-
-
-
55
total
-
-
-
385
Employee
326
-
1 299
-
social contributions
21
-
84
-
income
-
-
60
-
total
21
-
144
-
Employer
326
-
1 299
-
social contributions
50
-
201
-
total
50
-
201
-
Corporate
1 124
1 500
-
-
income
112
150
-
-
total
112
150
-
-
Dividends
1 011
1 350
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
183
150
345
385
After tax
1 317
1 350
1 155
1 115
Living cost
305
305
305
305
Free-cash
1 012
1 045
850
810

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
€446
€507
€70
€511
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
-
-
-
1 500
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
6
pensions
-
-
-
219
income
-
-
-
353
total
-
-
-
731
Employee
443
404
1 165
-
unemployment
13
12
35
-
other
4
4
12
-
income
39
30
279
-
pensions
45
41
119
-
health
17
16
45
-
total
118
103
490
-
Employer
443
404
1 165
-
pensions
56
51
146
-
surtax
-
-
-
-
payroll
13
12
35
-
other
21
19
55
-
health
17
15
44
-
accident
6
5
15
-
unemployment
13
12
35
-
chamber of commerce
2
2
5
-
total
128
116
335
-
Corporate
930
980
1 126
-
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.

232
245
282
-
total
232
245
282
-
Dividends
697
735
-
-
withholding
192
202
-
-
total
192
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
670
666
1 107
731
After tax
830
834
393
769
Living cost
323
323
323
323
Free-cash
507
511
70
446

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
€410
€460
€35
€476
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
-
-
-
1 500
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
6
pensions
-
-
-
219
income
-
-
-
353
total
-
-
-
733
Employee
506
404
1 163
-
unemployment
15
12
35
-
other
5
4
12
-
income
58
30
279
-
pensions
52
41
119
-
health
20
16
45
-
total
150
103
490
-
Employer
506
404
1 163
-
pensions
64
51
146
-
surtax
2
2
2
-
payroll
15
12
35
-
other
24
19
55
-
health
19
15
44
-
accident
7
5
15
-
unemployment
15
12
35
-
chamber of commerce
2
2
5
-
total
148
118
337
-
Corporate
846
978
1 125
-
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.

211
244
281
-
total
211
244
281
-
Dividends
634
733
-
-
withholding
174
202
-
-
total
174
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
683
667
1 108
733
After tax
817
833
392
767
Living cost
357
357
357
357
Free-cash
460
476
35
410

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
€286
€318
€174
€470
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
-
-
-
1 500
national
-
-
-
533
communal

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

-
-
-
76
social contributions
-
-
-
235
total
-
-
-
844
Employee

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

725
-
1 162
-
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
-
10
-
national
223
-
405
-
communal

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

38
-
61
-
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
-
87
-
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
-
55
-
total
355
-
618
-
Employer

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

725
-
1 162
-
surtax
82
-
132
-
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
-
103
-
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
-
71
-
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
-
15
-
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
-
17
-
total
211
-
338
-
Corporate
564
1 500
-
-
income
113
300
-
-
surtax
2
6
-
-
total
115
306
-
-
Dividends
449
1 194
-
-
withholding

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

131
354
-
-
total
131
354
-
-
Income
1 500
1 500
1 500
1 500
Total tax
812
660
956
844
After tax
688
840
544
656
Living cost
370
370
370
370
Free-cash
318
470
174
286

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
€1006
€1046
€1062
€1107
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
-
-
-
1 500
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
-
-
-
225
total
-
-
-
319
Employee
231
-
1 430
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
143
-
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
-
194
-
Employer
231
-
1 430
-
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
1 224
1 500
-
-
income
122
150
-
-
total
122
150
-
-
Dividends
1 101
1 350
-
-
withholding
55
68
-
-
total
55
68
-
-
Income
1 500
1 500
1 500
1 500
Total tax
279
218
263
319
After tax
1 221
1 282
1 237
1 181
Living cost
175
175
175
175
Free-cash
1 046
1 107
1 062
1 006

Estimated living cost  is €175 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
€1048
€1103
€1104
€1149
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
-
-
-
1 500
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
-
-
-
225
total
-
-
-
319
Employee
176
-
1 430
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
143
-
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
-
194
-
Employer
176
-
1 430
-
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
1 289
1 500
-
-
income
129
150
-
-
total
129
150
-
-
Dividends
1 160
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 500
1 500
1 500
1 500
Total tax
264
218
263
319
After tax
1 236
1 282
1 237
1 181
Living cost
133
133
133
133
Free-cash
1 103
1 149
1 104
1 048

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
€805
€805
€790
€861
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
-
-
-
1 500
health
-
-
-
38
social contributions
-
-
-
164
income
-
-
-
258
total
-
-
-
460
Employee
779
779
1 387
-
income
85
72
251
-
social contributions
29
65
87
-
health
6
13
24
-
total
120
150
362
-
Employer
779
779
1 387
-
social contributions
29
65
87
-
health
7
14
26
-
total
36
79
113
-
Corporate
1 109
642
-
-
income
139
80
-
-
total
139
80
-
-
Dividends
970
561
-
-
withholding
165
95
-
-
total
165
95
-
-
Income
1 500
1 500
1 500
1 500
Total tax
460
404
475
460
After tax
1 040
1 096
1 025
1 040
Living cost
235
235
235
235
Free-cash
805
861
790
805

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
€711
€724
€696
€767
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
-
-
-
1 500
health
-
-
-
38
social contributions
-
-
-
164
income
-
-
-
258
total
-
-
-
460
Employee
779
779
1 387
-
income
82
72
251
-
social contributions
38
65
87
-
health
8
13
24
-
total
128
150
362
-
Employer
779
779
1 387
-
social contributions
38
65
87
-
health
8
14
26
-
total
46
79
113
-
Corporate
998
642
-
-
income
125
80
-
-
total
125
80
-
-
Dividends
873
561
-
-
withholding
148
95
-
-
total
148
95
-
-
Income
1 500
1 500
1 500
1 500
Total tax
447
404
475
460
After tax
1 053
1 096
1 025
1 040
Living cost
329
329
329
329
Free-cash
724
767
696
711

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
€583
€717
€527
€799
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
-
-
-
1 500
health
-
-
-
202
social contributions
-
-
-
337
income
-
-
-
144
solidarity contribution
-
-
-
-
total
-
-
-
683
Employee
344
-
1 119
-
income
41
-
134
-
social contributions
22
-
73
-
health
46
-
151
-
solidarity contribution
-
-
-
-
total
109
-
358
-
Employer
344
-
1 119
-
social contributions
86
-
280
-
health
31
-
101
-
total
117
-
381
-
Corporate
1 039
1 500
-
-
income
197
285
-
-
total
197
285
-
-
Dividends
842
1 215
-
-
withholding
126
182
-
-
total
126
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
549
467
739
683
After tax
951
1 033
761
817
Living cost
234
234
234
234
Free-cash
717
799
527
583

Estimated living cost  is €234 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Prague , Czech Republic
€529
€642
€473
€745
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
-
-
-
1 500
health
-
-
-
202
social contributions
-
-
-
337
income
-
-
-
144
solidarity contribution
-
-
-
-
total
-
-
-
683
Employee
424
-
1 119
-
income
51
-
134
-
social contributions
28
-
73
-
health
57
-
151
-
solidarity contribution
-
-
-
-
total
136
-
358
-
Employer
424
-
1 119
-
social contributions
106
-
280
-
health
38
-
101
-
total
144
-
381
-
Corporate
932
1 500
-
-
income
177
285
-
-
total
177
285
-
-
Dividends
755
1 215
-
-
withholding
113
182
-
-
total
113
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
570
467
739
683
After tax
930
1 033
761
817
Living cost
288
288
288
288
Free-cash
642
745
473
529

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
€412
-€713
-€713
-€713
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
-
-
-
1 500
national
-
-
-
167
pensions
-
-
-
9
municipal
-
-
-
304
labour market
-
-
-
119
total
-
-
-
599
Employee
2 065
2 065
2 065
-
municipal
440
440
440
-
national
252
252
252
-
pensions
3
3
3
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 065
2 065
2 065
-
pensions
6
6
6
-
labour market
165
165
165
-
municipal
440
440
440
-
national
253
253
253
-
total
864
864
864
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 724
1 724
1 724
599
After tax
-224
-224
-224
901
Living cost
489
489
489
489
Free-cash
-713
-713
-713
412

Estimated living cost  is €489 per week

€335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Tallinn , Estonia
€559
€892
€620
€955
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
-
-
-
1 500
health
-
-
-
195
pensions
-
-
-
300
income
-
-
-
201
total
-
-
-
696
Employee
287
-
1 121
-
unemployment
5
-
18
-
income
32
-
216
-
pensions
6
-
22
-
total
43
-
256
-
Employer
287
-
1 121
-
pensions
58
-
224
-
health
37
-
146
-
unemployment
2
-
9
-
total
97
-
379
-
Corporate
1 115
1 500
-
-
income
223
300
-
-
total
223
300
-
-
Dividends
892
1 200
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
363
300
635
696
After tax
1 137
1 200
865
804
Living cost
245
245
245
245
Free-cash
892
955
620
559

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
€619
€588
€416
€569
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

-
-
-
1 500
national
-
-
-
206
health
-
-
-
19
municipal
-
-
-
267
total
-
-
-
492
Employee
533
-
1 262
-
unemployment
8
-
19
-
municipal
87
-
206
-
national
9
-
132
-
pensions
36
-
85
-
health
4
-
15
-
total
144
-
457
-
Employer
533
-
1 262
-
pensions
92
-
219
-
health
4
-
10
-
accident
1
-
1
-
unemployment
3
-
8
-
total
100
-
238
-
Corporate
866
1 500
-
-
income
173
300
-
-
total
173
300
-
-
Dividends

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

520
900
-
-
municipal
94
162
-
-
national
12
80
-
-
total
106
242
-
-
Income
1 500
1 500
1 500
1 500
Total tax
523
542
695
492
After tax
977
958
805
1 008
Living cost
389
389
389
389
Free-cash
588
569
416
619

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
€537
€500
€542
€444
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
-
-
-
1 500
surtax
-
-
-
-
health
-
-
-
55
pensions
-
-
-
295
social contributions
-
-
-
43
income
-
-
-
212
other
-
-
-
46
total
-
-
-
651
Employee
387
-
1 178
-
income
20
-
214
-
surtax
-
-
-
-
social contributions
11
-
34
-
pensions
44
-
75
-
total
75
-
323
-
Employer
387
-
1 178
-
pensions
64
-
127
-
social contributions
1
-
4
-
other
13
-
43
-
health
27
-
101
-
unemployment
16
-
48
-
total
121
-
323
-
Corporate
992
1 500
-
-
income
278
420
-
-
surtax
-
-
-
-
total
278
420
-
-
Dividends
714
1 080
-
-
withholding
91
138
-
-
social contributions
123
186
-
-
surtax
-
-
-
-
total
214
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
688
744
646
651
After tax
812
756
854
849
Living cost
312
312
312
312
Free-cash
500
444
542
537

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
€502
€469
€507
€409
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
-
-
-
1 500
surtax
-
-
-
-
health
-
-
-
55
pensions
-
-
-
295
social contributions
-
-
-
43
income
-
-
-
212
other
-
-
-
46
total
-
-
-
651
Employee
434
-
1 178
-
income
26
-
214
-
surtax
-
-
-
-
social contributions
12
-
34
-
pensions
49
-
75
-
total
87
-
323
-
Employer
434
-
1 178
-
pensions
71
-
127
-
social contributions
1
-
4
-
other
15
-
43
-
health
30
-
101
-
unemployment
18
-
48
-
total
135
-
323
-
Corporate
931
1 500
-
-
income
261
420
-
-
surtax
-
-
-
-
total
261
420
-
-
Dividends
670
1 080
-
-
withholding
86
138
-
-
social contributions
115
186
-
-
surtax
-
-
-
-
total
201
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
684
744
646
651
After tax
816
756
854
849
Living cost
347
347
347
347
Free-cash
469
409
507
502

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
€360
€337
€365
€267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
surtax
-
-
-
-
health
-
-
-
55
pensions
-
-
-
295
social contributions
-
-
-
43
income
-
-
-
212
other
-
-
-
46
total
-
-
-
651
Employee
635
-
1 178
-
income
55
-
214
-
surtax
-
-
-
-
social contributions
18
-
34
-
pensions
72
-
75
-
total
145
-
323
-
Employer
635
-
1 178
-
pensions
104
-
127
-
social contributions
2
-
4
-
other
22
-
43
-
health
44
-
101
-
unemployment
26
-
48
-
total
198
-
323
-
Corporate
667
1 500
-
-
income
187
420
-
-
surtax
-
-
-
-
total
187
420
-
-
Dividends
480
1 080
-
-
withholding
61
138
-
-
social contributions
83
186
-
-
surtax
-
-
-
-
total
144
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
674
744
646
651
After tax
826
756
854
849
Living cost
489
489
489
489
Free-cash
337
267
365
360

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
€1419
€1347
€1134
€1359
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%.

-
-
-
1 500
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
82
-
1 500
-
income
16
-
300
-
total
16
-
300
-
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%.

1 418
1 500
-
-
total
-
-
-
-
Dividends
1 418
1 500
-
-
withholding
71
75
-
-
total
71
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
87
75
300
15
After tax
1 413
1 425
1 200
1 485
Living cost
66
66
66
66
Free-cash
1 347
1 359
1 134
1 419

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
€1383
€1303
€1098
€1323
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%.

-
-
-
1 500
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
128
-
1 500
-
income
26
-
300
-
total
26
-
300
-
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%.

1 372
1 500
-
-
total
-
-
-
-
Dividends
1 372
1 500
-
-
withholding
69
75
-
-
total
69
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
95
75
300
15
After tax
1 405
1 425
1 200
1 485
Living cost
102
102
102
102
Free-cash
1 303
1 323
1 098
1 383

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
€436
€516
€584
€382
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.

-
-
-
1 500
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.

-
-
-
24
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.

-
-
-
432
trade
-
-
-
148
total
-
-
-
673
Employee

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

504
-
1 500
-
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
-
432
-
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
-
24
-
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
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 500
-
-
trade
143
215
-
-
income
149
225
-
-
chamber of commerce
3
4
-
-
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.

8
12
-
-
total
303
456
-
-
Dividends
692
1 044
-
-
withholding
169
257
-
-
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.

9
14
-
-
total
178
271
-
-
Income
1 500
1 500
1 500
1 500
Total tax
593
727
525
673
After tax
907
773
975
827
Living cost
391
391
391
391
Free-cash
516
382
584
436

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
€506
€562
€668
€450
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.

-
-
-
1 500
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.

-
-
-
24
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.

-
-
-
432
trade
-
-
-
162
total
-
-
-
687
Employee

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

388
-
1 500
-
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
-
432
-
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
-
24
-
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
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 112
1 500
-
-
trade
175
236
-
-
income
167
225
-
-
chamber of commerce
3
4
-
-
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.

9
12
-
-
total
354
477
-
-
Dividends
758
1 023
-
-
withholding
186
252
-
-
surtax

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

10
14
-
-
total
196
266
-
-
Income
1 500
1 500
1 500
1 500
Total tax
631
743
525
687
After tax
869
757
975
813
Living cost
307
307
307
307
Free-cash
562
450
668
506

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
€408
€495
€577
€351
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.

-
-
-
1 500
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.

-
-
-
24
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.

-
-
-
432
trade
-
-
-
169
total
-
-
-
694
Employee

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

514
-
1 500
-
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
-
432
-
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
-
24
-
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
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
1 500
-
-
trade
162
247
-
-
income
148
225
-
-
chamber of commerce
3
4
-
-
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.

8
12
-
-
total
321
488
-
-
Dividends
665
1 012
-
-
withholding
162
249
-
-
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.

9
14
-
-
total
171
263
-
-
Income
1 500
1 500
1 500
1 500
Total tax
607
751
525
694
After tax
893
749
975
806
Living cost
398
398
398
398
Free-cash
495
351
577
408

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
€335
€441
€511
€277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
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.

-
-
-
24
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.

-
-
-
432
trade
-
-
-
176
total
-
-
-
701
Employee

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

609
-
1 500
-
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
-
432
-
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
-
24
-
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
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
891
1 500
-
-
trade
153
257
-
-
income
134
225
-
-
chamber of commerce
3
4
-
-
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
12
-
-
total
297
498
-
-
Dividends
594
1 002
-
-
withholding
145
247
-
-
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.

8
14
-
-
total
153
261
-
-
Income
1 500
1 500
1 500
1 500
Total tax
595
759
525
701
After tax
905
741
975
799
Living cost
464
464
464
464
Free-cash
441
277
511
335

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
€484
€681
€440
€716
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
-
-
-
1 500
surtax
-
-
-
53
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
367
other
-
-
-
-
total
-
-
-
788
Employee
341
-
1 239
-
unemployment
24
-
86
-
other
-
-
-
-
income
57
-
325
-
surtax
1
-
46
-
pensions
23
-
83
-
health
9
-
32
-
total
114
-
572
-
Employer
341
-
1 239
-
pensions
46
-
165
-
other
-
-
-
-
health
16
-
56
-
unemployment
11
-
39
-
total
73
-
260
-
Corporate
1 087
1 500
-
-
income
283
390
-
-
total
283
390
-
-
Dividends
804
1 110
-
-
withholding
121
166
-
-
total
121
166
-
-
Income
1 500
1 500
1 500
1 500
Total tax
591
556
832
788
After tax
909
944
668
712
Living cost
228
228
228
228
Free-cash
681
716
440
484

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
€488
€688
€444
€720
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
-
-
-
1 500
surtax
-
-
-
53
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
367
other
-
-
-
-
total
-
-
-
788
Employee
335
-
1 239
-
unemployment
23
-
86
-
other
-
-
-
-
income
56
-
325
-
surtax
1
-
46
-
pensions
22
-
83
-
health
9
-
32
-
total
111
-
572
-
Employer
335
-
1 239
-
pensions
45
-
165
-
other
-
-
-
-
health
15
-
56
-
unemployment
11
-
39
-
total
71
-
260
-
Corporate
1 094
1 500
-
-
income
285
390
-
-
total
285
390
-
-
Dividends
810
1 110
-
-
withholding
121
166
-
-
total
121
166
-
-
Income
1 500
1 500
1 500
1 500
Total tax
588
556
832
788
After tax
912
944
668
712
Living cost
224
224
224
224
Free-cash
688
720
444
488

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
€839
€647
€668
€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
-
-
-
1 500
unemployment
-
-
-
22
health
-
-
-
105
pensions
-
-
-
150
income
-
-
-
183
total
-
-
-
460
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
1 255
-
unemployment
4
2
19
-
income
36
14
153
-
pensions
29
12
126
-
health
20
8
88
-
total
89
36
386
-
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
1 255
-
pensions
57
23
245
-
total
57
23
245
-
Corporate
1 153
1 362
-
-
income
104
123
-
-
total
104
123
-
-
Dividends
1 049
1 239
-
-
withholding
199
235
-
-
social contributions
203
240
-
-
total
402
475
-
-
Income
1 500
1 500
1 500
1 500
Total tax
652
657
631
460
After tax
848
843
869
1 040
Living cost
201
201
201
201
Free-cash
647
642
668
839

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
€398
€437
€409
€445
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
-
-
-
1 500
national
-
-
-
252
pensions
-
-
-
180
social contributions
-
-
-
16
municipal
-
-
-
163
total
-
-
-
611
Employee
761
-
1 297
-
municipal
94
-
169
-
national
146
-
261
-
pensions
30
-
52
-
total
270
-
482
-
Employer
761
-
1 297
-
pensions
61
-
104
-
social contributions
8
-
14
-
total
69
-
118
-
Corporate
620
1 500
-
-
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%.

124
300
-
-
total
124
300
-
-
Dividends
496
1 200
-
-
withholding
109
264
-
-
total
109
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
572
564
600
611
After tax
928
936
900
889
Living cost
491
491
491
491
Free-cash
437
445
409
398

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
€247
€495
€247
€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
-
-
-
1 500
social contributions
-
-
-
244
income
-
-
-
432
total
-
-
-
676
Employee
793
-
1 500
-
social contributions
66
-
244
-
income
150
-
432
-
total
216
-
676
-
Employer
793
-
1 500
-
total
-
-
-
-
Corporate
707
1 500
-
-
income
88
188
-
-
total
88
188
-
-
Dividends
619
1 312
-
-
withholding
124
262
-
-
total
124
262
-
-
Income
1 500
1 500
1 500
1 500
Total tax
428
450
676
676
After tax
1 072
1 050
824
824
Living cost
577
577
577
577
Free-cash
495
473
247
247

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
€306
€320
€236
€373
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
-
-
-
1 500
national
-
-
-
354
regional
-
-
-
17
social contributions
-
-
-
386
municipal
-
-
-
9
total
-
-
-
766
Employee
901
-
1 500
-
municipal
5
-
8
-
national
156
-
307
-
social contributions
304
-
506
-
regional
8
-
15
-
total
473
-
836
-
Employer
901
-
1 500
-
total
-
-
-
-
Corporate
599
1 500
-
-
nationa
144
360
-
-
municipal
23
58
-
-
total
167
418
-
-
Dividends
432
1 082
-
-
withholding
112
281
-
-
total
112
281
-
-
Income
1 500
1 500
1 500
1 500
Total tax
752
699
836
766
After tax
748
801
664
734
Living cost
428
428
428
428
Free-cash
320
373
236
306

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
€455
€492
€386
€515
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
-
-
-
1 500
national
-
-
-
354
regional
-
-
-
23
social contributions
-
-
-
386
municipal
-
-
-
9
total
-
-
-
772
Employee
562
-
1 500
-
municipal
3
-
8
-
national
89
-
307
-
social contributions
190
-
506
-
regional
8
-
20
-
total
290
-
841
-
Employer
562
-
1 500
-
total
-
-
-
-
Corporate
938
1 500
-
-
nationa
225
360
-
-
municipal
47
75
-
-
total
272
435
-
-
Dividends
666
1 065
-
-
withholding
173
277
-
-
total
173
277
-
-
Income
1 500
1 500
1 500
1 500
Total tax
735
712
841
772
After tax
765
788
659
728
Living cost
273
273
273
273
Free-cash
492
515
386
455

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