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
€ 1650
per

Your estimated
City
free-cash

Andorra , Andorra
€1180
€959
€915
€1147
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
-
-
-
1 650
social contributions
-
-
-
363
income
-
-
-
67
total
-
-
-
430
Employee
326
-
1 429
-
social contributions
21
-
93
-
income
-
-
72
-
total
21
-
165
-
Employer
326
-
1 429
-
social contributions
50
-
221
-
total
50
-
221
-
Corporate
1 274
1 650
-
-
income
127
165
-
-
total
127
165
-
-
Dividends
1 146
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
198
165
386
430
After tax
1 452
1 485
1 264
1 220
Living cost
305
305
305
305
Free-cash
1 147
1 180
959
915

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
€593
€111
€525
€588
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
-
-
-
1 650
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
health
-
-
-
91
pensions
-
-
-
219
income
-
-
-
423
surtax
-
-
-
-
total
-
-
-
802
Employee
443
404
1 301
-
health
17
16
46
-
pensions
45
41
121
-
other
4
4
12
-
unemployment
13
12
36
-
income
39
30
335
-
total
118
103
550
-
Employer
443
404
1 301
-
pensions
56
51
149
-
accident
6
5
15
-
unemployment
13
12
36
-
surtax
-
-
-
-
payroll
13
12
39
-
chamber of commerce
2
2
5
-
health
17
15
45
-
other
21
19
61
-
total
128
116
350
-
Corporate
1 080
1 130
1 262
-
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.

270
282
316
-
total
270
282
316
-
Dividends
810
847
-
-
withholding
223
233
-
-
total
223
233
-
-
Income
1 650
1 650
1 650
1 650
Total tax
739
734
1 216
802
After tax
911
916
434
848
Living cost
323
323
323
323
Free-cash
588
593
111
525

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
€557
€77
€489
€541
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
-
-
-
1 650
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
health
-
-
-
91
pensions
-
-
-
219
income
-
-
-
423
surtax
-
-
-
2
total
-
-
-
804
Employee
506
404
1 299
-
health
20
16
46
-
pensions
52
41
121
-
other
5
4
12
-
unemployment
15
12
36
-
income
58
30
334
-
total
150
103
549
-
Employer
506
404
1 299
-
pensions
64
51
149
-
accident
7
5
15
-
unemployment
15
12
36
-
surtax
2
2
2
-
payroll
15
12
39
-
chamber of commerce
2
2
5
-
health
19
15
45
-
other
24
19
61
-
total
148
118
352
-
Corporate
996
1 128
1 260
-
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.

249
282
315
-
total
249
282
315
-
Dividends
747
846
-
-
withholding
205
233
-
-
total
205
233
-
-
Income
1 650
1 650
1 650
1 650
Total tax
752
736
1 216
804
After tax
898
914
434
846
Living cost
357
357
357
357
Free-cash
541
557
77
489

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
€554
€218
€344
€402
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
-
-
-
1 650
social contributions
-
-
-
253
communal

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

-
-
-
84
national
-
-
-
599
total
-
-
-
936
Employee

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

725
-
1 278
-
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
-
60
-
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
-
96
-
communal

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

38
-
67
-
national
223
-
456
-
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
-
11
-
total
355
-
690
-
Employer

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

725
-
1 278
-
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
-
17
-
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
-
19
-
surtax
82
-
145
-
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
-
79
-
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
-
113
-
total
211
-
373
-
Corporate
714
1 650
-
-
surtax
3
7
-
-
income
143
330
-
-
total
146
337
-
-
Dividends
568
1 313
-
-
withholding

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

167
390
-
-
total
167
390
-
-
Income
1 650
1 650
1 650
1 650
Total tax
879
727
1 063
936
After tax
771
923
587
714
Living cost
370
370
370
370
Free-cash
402
554
218
344

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
€1237
€1198
€1134
€1175
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
-
-
-
1 650
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
-
-
-
248
total
-
-
-
342
Employee
231
-
1 581
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
income
23
-
158
-
total
57
-
209
-
Employer
231
-
1 581
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
health
16
-
24
-
pensions

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

25
-
39
-
total
45
-
69
-
Corporate
1 374
1 650
-
-
income
137
165
-
-
total
137
165
-
-
Dividends
1 237
1 485
-
-
withholding
62
74
-
-
total
62
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
301
239
278
342
After tax
1 349
1 411
1 372
1 308
Living cost
174
174
174
174
Free-cash
1 175
1 237
1 198
1 134

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
€1278
€1239
€1175
€1231
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
-
-
-
1 650
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
-
-
-
248
total
-
-
-
342
Employee
176
-
1 581
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
16
-
pensions

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

15
-
31
-
income
18
-
158
-
total
43
-
209
-
Employer
176
-
1 581
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
health
12
-
24
-
pensions

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

19
-
39
-
total
34
-
69
-
Corporate
1 440
1 650
-
-
income
144
165
-
-
total
144
165
-
-
Dividends
1 296
1 485
-
-
withholding
65
74
-
-
total
65
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
286
239
278
342
After tax
1 364
1 411
1 372
1 308
Living cost
133
133
133
133
Free-cash
1 231
1 278
1 239
1 175

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
€969
€886
€900
€915
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
-
-
-
1 650
social contributions
-
-
-
164
health
-
-
-
42
income
-
-
-
309
total
-
-
-
515
Employee
779
779
1 534
-
health
6
13
26
-
social contributions
29
65
87
-
income
85
72
301
-
total
120
150
414
-
Employer
779
779
1 534
-
social contributions
29
65
87
-
health
7
14
28
-
total
36
79
115
-
Corporate
1 259
792
-
-
income
157
99
-
-
total
157
99
-
-
Dividends
1 102
693
-
-
withholding
187
118
-
-
total
187
118
-
-
Income
1 650
1 650
1 650
1 650
Total tax
500
446
529
515
After tax
1 150
1 204
1 121
1 135
Living cost
235
235
235
235
Free-cash
915
969
886
900

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
€875
€792
€806
€833
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
-
-
-
1 650
social contributions
-
-
-
164
health
-
-
-
42
income
-
-
-
309
total
-
-
-
515
Employee
779
779
1 534
-
health
8
13
26
-
social contributions
38
65
87
-
income
82
72
301
-
total
128
150
414
-
Employer
779
779
1 534
-
social contributions
38
65
87
-
health
8
14
28
-
total
46
79
115
-
Corporate
1 148
792
-
-
income
143
99
-
-
total
143
99
-
-
Dividends
1 004
693
-
-
withholding
171
118
-
-
total
171
118
-
-
Income
1 650
1 650
1 650
1 650
Total tax
488
446
529
515
After tax
1 162
1 204
1 121
1 135
Living cost
329
329
329
329
Free-cash
833
875
792
806

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
€899
€612
€683
€813
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
-
-
-
1 650
social contributions
-
-
-
343
health
-
-
-
223
solidarity contribution
-
-
-
-
income
-
-
-
163
total
-
-
-
729
Employee
351
-
1 244
-
health
47
-
168
-
social contributions
23
-
76
-
solidarity contribution
-
-
-
-
income
42
-
150
-
total
112
-
394
-
Employer
351
-
1 244
-
social contributions
88
-
294
-
health
32
-
112
-
total
120
-
406
-
Corporate
1 180
1 650
-
-
income
224
313
-
-
total
224
313
-
-
Dividends
956
1 337
-
-
withholding
143
200
-
-
total
143
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
599
513
800
729
After tax
1 051
1 137
850
921
Living cost
238
238
238
238
Free-cash
813
899
612
683

Estimated living cost  is €238 per week

€166
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.
€51
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
€843
€556
€627
€738
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
-
-
-
1 650
social contributions
-
-
-
343
health
-
-
-
223
solidarity contribution
-
-
-
-
income
-
-
-
163
total
-
-
-
729
Employee
432
-
1 244
-
health
58
-
168
-
social contributions
28
-
76
-
solidarity contribution
-
-
-
-
income
52
-
150
-
total
138
-
394
-
Employer
432
-
1 244
-
social contributions
108
-
294
-
health
39
-
112
-
total
147
-
406
-
Corporate
1 071
1 650
-
-
income
203
313
-
-
total
203
313
-
-
Dividends
867
1 337
-
-
withholding
130
200
-
-
total
130
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
618
513
800
729
After tax
1 032
1 137
850
921
Living cost
294
294
294
294
Free-cash
738
843
556
627

Estimated living cost  is €294 per week

€219
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.
€54
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
-€564
-€564
€492
-€564
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
-
-
-
1 650
labour market
-
-
-
131
municipal
-
-
-
340
pensions
-
-
-
9
national
-
-
-
189
total
-
-
-
669
Employee
2 065
2 065
2 065
-
municipal
440
440
440
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 065
2 065
2 065
-
labour market
165
165
165
-
national
253
253
253
-
municipal
441
441
441
-
pensions
6
6
6
-
total
865
865
865
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 725
1 725
1 725
669
After tax
-75
-75
-75
981
Living cost
489
489
489
489
Free-cash
-564
-564
-564
492

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
€1075
€705
€640
€1012
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
-
-
-
1 650
health
-
-
-
214
pensions
-
-
-
330
income
-
-
-
221
total
-
-
-
765
Employee
287
-
1 233
-
pensions
6
-
25
-
unemployment
5
-
20
-
income
32
-
238
-
total
43
-
283
-
Employer
287
-
1 233
-
pensions
58
-
247
-
unemployment
2
-
10
-
health
37
-
160
-
total
97
-
417
-
Corporate
1 265
1 650
-
-
income
253
330
-
-
total
253
330
-
-
Dividends
1 012
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
393
330
700
765
After tax
1 257
1 320
950
885
Living cost
245
245
245
245
Free-cash
1 012
1 075
705
640

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
€654
€485
€695
€676
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

-
-
-
1 650
health
-
-
-
21
municipal
-
-
-
293
national
-
-
-
252
total
-
-
-
566
Employee
533
-
1 388
-
health
4
-
17
-
municipal
87
-
226
-
pensions
36
-
94
-
national
9
-
156
-
unemployment
8
-
21
-
total
144
-
514
-
Employer
533
-
1 388
-
accident
1
-
1
-
unemployment
3
-
9
-
health
4
-
11
-
pensions
92
-
241
-
total
100
-
262
-
Corporate
1 016
1 650
-
-
income
203
330
-
-
total
203
330
-
-
Dividends

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

610
990
-
-
municipal
110
178
-
-
national
28
99
-
-
total
138
277
-
-
Income
1 650
1 650
1 650
1 650
Total tax
585
607
776
566
After tax
1 065
1 043
874
1 084
Living cost
389
389
389
389
Free-cash
676
654
485
695

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
€520
€608
€620
€576
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
-
-
-
1 650
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
other
-
-
-
51
income
-
-
-
247
surtax
-
-
-
-
total
-
-
-
718
Employee
387
-
1 286
-
income
20
-
242
-
social contributions
11
-
37
-
pensions
44
-
86
-
surtax
-
-
-
-
total
75
-
365
-
Employer
387
-
1 286
-
pensions
64
-
145
-
social contributions
1
-
4
-
unemployment
16
-
52
-
health
27
-
115
-
other
13
-
49
-
total
121
-
365
-
Corporate
1 142
1 650
-
-
surtax
-
-
-
-
income
320
462
-
-
total
320
462
-
-
Dividends
822
1 188
-
-
surtax
-
-
-
-
withholding
105
152
-
-
social contributions
141
204
-
-
total
246
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
762
818
730
718
After tax
888
832
920
932
Living cost
312
312
312
312
Free-cash
576
520
608
620

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
€485
€573
€585
€544
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
-
-
-
1 650
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
other
-
-
-
51
income
-
-
-
247
surtax
-
-
-
-
total
-
-
-
718
Employee
434
-
1 286
-
income
26
-
242
-
social contributions
12
-
37
-
pensions
49
-
86
-
surtax
-
-
-
-
total
87
-
365
-
Employer
434
-
1 286
-
pensions
71
-
145
-
social contributions
1
-
4
-
unemployment
18
-
52
-
health
30
-
115
-
other
15
-
49
-
total
135
-
365
-
Corporate
1 081
1 650
-
-
surtax
-
-
-
-
income
303
462
-
-
total
303
462
-
-
Dividends
778
1 188
-
-
surtax
-
-
-
-
withholding
100
152
-
-
social contributions
134
204
-
-
total
234
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
759
818
730
718
After tax
891
832
920
932
Living cost
347
347
347
347
Free-cash
544
485
573
585

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
€343
€431
€443
€413
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
-
-
-
1 650
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
other
-
-
-
51
income
-
-
-
247
surtax
-
-
-
-
total
-
-
-
718
Employee
635
-
1 286
-
income
55
-
242
-
social contributions
18
-
37
-
pensions
72
-
86
-
surtax
-
-
-
-
total
145
-
365
-
Employer
635
-
1 286
-
pensions
104
-
145
-
social contributions
2
-
4
-
unemployment
26
-
52
-
health
44
-
115
-
other
22
-
49
-
total
198
-
365
-
Corporate
817
1 650
-
-
surtax
-
-
-
-
income
229
462
-
-
total
229
462
-
-
Dividends
588
1 188
-
-
surtax
-
-
-
-
withholding
75
152
-
-
social contributions
101
204
-
-
total
176
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
748
818
730
718
After tax
902
832
920
932
Living cost
489
489
489
489
Free-cash
413
343
431
443

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
€1495
€1248
€1562
€1482
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%.

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
89
-
1 650
-
income
18
-
330
-
total
18
-
330
-
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%.

1 561
1 650
-
-
total
-
-
-
-
Dividends
1 561
1 650
-
-
withholding
78
83
-
-
total
78
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
96
83
330
16
After tax
1 554
1 567
1 320
1 634
Living cost
72
72
72
72
Free-cash
1 482
1 495
1 248
1 562

Estimated living cost  is €72 per week

€44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
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.
€19
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
€1456
€1209
€1523
€1435
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%.

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
139
-
1 650
-
income
28
-
330
-
total
28
-
330
-
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%.

1 511
1 650
-
-
total
-
-
-
-
Dividends
1 511
1 650
-
-
withholding
76
83
-
-
total
76
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
104
83
330
16
After tax
1 546
1 567
1 320
1 634
Living cost
111
111
111
111
Free-cash
1 435
1 456
1 209
1 523

Estimated living cost  is €111 per week

€75
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.
€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.
€28
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
€457
€668
€499
€593
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.

-
-
-
1 650
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
trade
-
-
-
169
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
760
Employee

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

504
-
1 650
-
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
-
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
-
27
-
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
-
495
-
total
112
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 146
1 650
-
-
trade
164
237
-
-
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
-
-
chamber of commerce
3
4
-
-
income
172
248
-
-
total
348
503
-
-
Dividends
797
1 148
-
-
surtax

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

11
16
-
-
withholding
195
283
-
-
total
206
299
-
-
Income
1 650
1 650
1 650
1 650
Total tax
666
802
591
760
After tax
984
848
1 059
890
Living cost
391
391
391
391
Free-cash
593
457
668
499

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
€525
€752
€566
€638
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.

-
-
-
1 650
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
trade
-
-
-
186
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
777
Employee

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

388
-
1 650
-
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
-
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
-
27
-
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
-
495
-
total
81
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 262
1 650
-
-
trade
199
260
-
-
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
-
-
chamber of commerce
3
4
-
-
income
189
248
-
-
total
401
526
-
-
Dividends
860
1 125
-
-
surtax

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

12
15
-
-
withholding
211
277
-
-
total
223
292
-
-
Income
1 650
1 650
1 650
1 650
Total tax
705
818
591
777
After tax
945
832
1 059
873
Living cost
307
307
307
307
Free-cash
638
525
752
566

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
€425
€661
€467
€570
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.

-
-
-
1 650
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
trade
-
-
-
194
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
785
Employee

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

514
-
1 650
-
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
-
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
-
27
-
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
-
495
-
total
115
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 136
1 650
-
-
trade
187
271
-
-
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
-
-
chamber of commerce
3
4
-
-
income
170
248
-
-
total
369
537
-
-
Dividends
766
1 114
-
-
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
15
-
-
withholding
188
275
-
-
total
198
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
682
827
591
785
After tax
968
823
1 059
865
Living cost
398
398
398
398
Free-cash
570
425
661
467

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
€350
€595
€393
€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

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

-
-
-
1 650
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
trade
-
-
-
202
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
793
Employee

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

609
-
1 650
-
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
-
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
-
27
-
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
-
495
-
total
145
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 041
1 650
-
-
trade
179
283
-
-
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
-
-
chamber of commerce
3
4
-
-
income
156
248
-
-
total
347
549
-
-
Dividends
695
1 102
-
-
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
15
-
-
withholding
170
272
-
-
total
179
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
671
836
591
793
After tax
979
814
1 059
857
Living cost
464
464
464
464
Free-cash
515
350
595
393

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
€810
€491
€556
€776
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
-
-
-
1 650
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
other
-
-
-
-
income
-
-
-
434
surtax
-
-
-
64
total
-
-
-
866
Employee
341
-
1 365
-
health
9
-
34
-
pensions
23
-
90
-
surtax
1
-
54
-
other
-
-
-
-
unemployment
24
-
94
-
income
57
-
374
-
total
114
-
646
-
Employer
341
-
1 365
-
pensions
46
-
180
-
unemployment
11
-
43
-
health
16
-
62
-
other
-
-
-
-
total
73
-
285
-
Corporate
1 237
1 650
-
-
income
322
429
-
-
total
322
429
-
-
Dividends
915
1 221
-
-
withholding
137
183
-
-
total
137
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
646
612
931
866
After tax
1 004
1 038
719
784
Living cost
228
228
228
228
Free-cash
776
810
491
556

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
€814
€495
€560
€782
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
-
-
-
1 650
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
other
-
-
-
-
income
-
-
-
434
surtax
-
-
-
64
total
-
-
-
866
Employee
335
-
1 365
-
health
9
-
34
-
pensions
22
-
90
-
surtax
1
-
54
-
other
-
-
-
-
unemployment
23
-
94
-
income
56
-
374
-
total
111
-
646
-
Employer
335
-
1 365
-
pensions
45
-
180
-
unemployment
11
-
43
-
health
15
-
62
-
other
-
-
-
-
total
71
-
285
-
Corporate
1 244
1 650
-
-
income
324
429
-
-
total
324
429
-
-
Dividends
921
1 221
-
-
withholding
138
183
-
-
total
138
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
644
612
931
866
After tax
1 006
1 038
719
784
Living cost
224
224
224
224
Free-cash
782
814
495
560

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
€729
€757
€943
€732
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
-
-
-
1 650
unemployment
-
-
-
25
health
-
-
-
116
pensions
-
-
-
165
income
-
-
-
202
total
-
-
-
508
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.

287
114
1 381
-
health
20
8
97
-
pensions
29
11
138
-
unemployment
4
2
21
-
income
35
14
169
-
total
88
35
425
-
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.

287
114
1 381
-
pensions
56
22
269
-
total
56
22
269
-
Corporate
1 307
1 514
-
-
income
118
136
-
-
total
118
136
-
-
Dividends
1 189
1 377
-
-
withholding
226
262
-
-
social contributions
231
267
-
-
total
457
529
-
-
Income
1 650
1 650
1 650
1 650
Total tax
719
722
694
508
After tax
931
928
956
1 142
Living cost
199
199
199
199
Free-cash
732
729
757
943

Estimated living cost  is €199 per week

€136
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
€518
€477
€463
€508
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
-
-
-
1 650
social contributions
-
-
-
18
municipal
-
-
-
180
pensions
-
-
-
198
national
-
-
-
279
total
-
-
-
675
Employee
793
-
1 426
-
municipal
98
-
186
-
pensions
32
-
57
-
national
152
-
289
-
total
282
-
532
-
Employer
793
-
1 426
-
social contributions
9
-
15
-
pensions
63
-
114
-
total
72
-
129
-
Corporate
733
1 650
-
-
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%.

147
330
-
-
total
147
330
-
-
Dividends
586
1 320
-
-
withholding
129
290
-
-
total
129
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
630
620
661
675
After tax
1 020
1 030
989
975
Living cost
512
512
512
512
Free-cash
508
518
477
463

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
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.
€109
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
€578
€309
€309
€600
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
-
-
-
1 650
social contributions
-
-
-
272
income
-
-
-
492
total
-
-
-
764
Employee
793
-
1 650
-
social contributions
66
-
272
-
income
150
-
492
-
total
216
-
764
-
Employer
793
-
1 650
-
total
-
-
-
-
Corporate
857
1 650
-
-
income
107
206
-
-
total
107
206
-
-
Dividends
750
1 444
-
-
withholding
150
289
-
-
total
150
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
473
495
764
764
After tax
1 177
1 155
886
886
Living cost
577
577
577
577
Free-cash
600
578
309
309

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
€453
€294
€369
€400
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
-
-
-
1 650
regional
-
-
-
19
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
400
total
-
-
-
853
Employee
901
-
1 650
-
regional
8
-
17
-
municipal
5
-
9
-
social contributions
304
-
556
-
national
156
-
346
-
total
473
-
928
-
Employer
901
-
1 650
-
total
-
-
-
-
Corporate
749
1 650
-
-
nationa
180
396
-
-
municipal
29
64
-
-
total
209
460
-
-
Dividends
540
1 190
-
-
withholding
140
309
-
-
total
140
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
822
769
928
853
After tax
828
881
722
797
Living cost
428
428
428
428
Free-cash
400
453
294
369

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
€594
€444
€518
€571
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
-
-
-
1 650
regional
-
-
-
25
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
400
total
-
-
-
859
Employee
562
-
1 650
-
regional
8
-
22
-
municipal
3
-
9
-
social contributions
190
-
556
-
national
89
-
346
-
total
290
-
933
-
Employer
562
-
1 650
-
total
-
-
-
-
Corporate
1 088
1 650
-
-
nationa
261
396
-
-
municipal
54
82
-
-
total
315
478
-
-
Dividends
773
1 172
-
-
withholding
201
305
-
-
total
201
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
806
783
933
859
After tax
844
867
717
791
Living cost
273
273
273
273
Free-cash
571
594
444
518

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