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
€ 1750
per

Your estimated
City
free-cash

Andorra , Andorra
€985
€1237
€1032
€1270
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
-
-
-
1 750
social contributions
-
-
-
385
income
-
-
-
75
total
-
-
-
460
Employee
326
-
1 515
-
social contributions
21
-
98
-
income
-
-
80
-
total
21
-
178
-
Employer
326
-
1 515
-
social contributions
50
-
235
-
total
50
-
235
-
Corporate
1 374
1 750
-
-
income
137
175
-
-
total
137
175
-
-
Dividends
1 236
1 575
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
208
175
413
460
After tax
1 542
1 575
1 337
1 290
Living cost
305
305
305
305
Free-cash
1 237
1 270
1 032
985

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
€577
€643
€140
€647
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
-
-
-
1 750
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
7
pensions
-
-
-
219
income
-
-
-
471
total
-
-
-
850
Employee
443
404
1 394
-
unemployment
13
12
36
-
other
4
4
12
-
income
39
30
376
-
pensions
45
41
121
-
health
17
16
46
-
total
118
103
591
-
Employer
443
404
1 394
-
pensions
56
51
149
-
surtax
-
-
-
-
payroll
13
12
42
-
other
21
19
64
-
health
17
15
45
-
accident
6
5
15
-
unemployment
13
12
36
-
chamber of commerce
2
2
6
-
total
128
116
357
-
Corporate
1 180
1 230
1 355
-
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.

295
307
339
-
total
295
307
339
-
Dividends
885
922
-
-
withholding
243
254
-
-
total
243
254
-
-
Income
1 750
1 750
1 750
1 750
Total tax
784
780
1 287
850
After tax
966
970
463
900
Living cost
323
323
323
323
Free-cash
643
647
140
577

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
€541
€595
€106
€612
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
-
-
-
1 750
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
7
pensions
-
-
-
219
income
-
-
-
471
total
-
-
-
852
Employee
506
404
1 392
-
unemployment
15
12
36
-
other
5
4
12
-
income
58
30
375
-
pensions
52
41
121
-
health
20
16
46
-
total
150
103
590
-
Employer
506
404
1 392
-
pensions
64
51
149
-
surtax
2
2
2
-
payroll
15
12
42
-
other
24
19
64
-
health
19
15
45
-
accident
7
5
15
-
unemployment
15
12
36
-
chamber of commerce
2
2
6
-
total
148
118
359
-
Corporate
1 096
1 228
1 354
-
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.

274
307
338
-
total
274
307
338
-
Dividends
822
921
-
-
withholding
226
253
-
-
total
226
253
-
-
Income
1 750
1 750
1 750
1 750
Total tax
798
781
1 287
852
After tax
952
969
463
898
Living cost
357
357
357
357
Free-cash
595
612
106
541

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
€388
€458
€246
€610
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
-
-
-
1 750
national
-
-
-
649
communal

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

-
-
-
90
social contributions
-
-
-
253
total
-
-
-
992
Employee

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

725
-
1 355
-
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
-
12
-
national
223
-
490
-
communal

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

38
-
71
-
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
-
102
-
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
-
64
-
total
355
-
739
-
Employer

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

725
-
1 355
-
surtax
82
-
154
-
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
-
120
-
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
-
83
-
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
-
18
-
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
-
20
-
total
211
-
395
-
Corporate
814
1 750
-
-
income
163
350
-
-
surtax
3
7
-
-
total
166
357
-
-
Dividends
648
1 393
-
-
withholding

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

191
414
-
-
total
191
414
-
-
Income
1 750
1 750
1 750
1 750
Total tax
923
771
1 134
992
After tax
827
979
616
758
Living cost
370
370
370
370
Free-cash
458
610
246
388

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
€1219
€1261
€1288
€1322
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
-
-
-
1 750
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
-
-
-
263
total
-
-
-
357
Employee
231
-
1 681
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
168
-
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
-
219
-
Employer
231
-
1 681
-
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
1 474
1 750
-
-
income
147
175
-
-
total
147
175
-
-
Dividends
1 326
1 575
-
-
withholding
66
79
-
-
total
66
79
-
-
Income
1 750
1 750
1 750
1 750
Total tax
315
254
288
357
After tax
1 435
1 496
1 462
1 393
Living cost
174
174
174
174
Free-cash
1 261
1 322
1 288
1 219

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
€1260
€1317
€1329
€1363
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
-
-
-
1 750
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
-
-
-
263
total
-
-
-
357
Employee
176
-
1 681
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
168
-
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
-
219
-
Employer
176
-
1 681
-
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
1 540
1 750
-
-
income
154
175
-
-
total
154
175
-
-
Dividends
1 386
1 575
-
-
withholding
69
79
-
-
total
69
79
-
-
Income
1 750
1 750
1 750
1 750
Total tax
300
254
288
357
After tax
1 450
1 496
1 462
1 393
Living cost
133
133
133
133
Free-cash
1 317
1 363
1 329
1 260

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
€962
€987
€948
€1042
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
-
-
-
1 750
health
-
-
-
45
social contributions
-
-
-
164
income
-
-
-
344
total
-
-
-
553
Employee
779
779
1 633
-
income
85
72
335
-
social contributions
29
65
87
-
health
6
13
28
-
total
120
150
450
-
Employer
779
779
1 633
-
social contributions
29
65
87
-
health
7
14
30
-
total
36
79
117
-
Corporate
1 359
892
-
-
income
170
111
-
-
total
170
111
-
-
Dividends
1 189
780
-
-
withholding
202
133
-
-
total
202
133
-
-
Income
1 750
1 750
1 750
1 750
Total tax
528
473
567
553
After tax
1 222
1 277
1 183
1 197
Living cost
235
235
235
235
Free-cash
987
1 042
948
962

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
€868
€905
€854
€948
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
-
-
-
1 750
health
-
-
-
45
social contributions
-
-
-
164
income
-
-
-
344
total
-
-
-
553
Employee
779
779
1 633
-
income
82
72
335
-
social contributions
38
65
87
-
health
8
13
28
-
total
128
150
450
-
Employer
779
779
1 633
-
social contributions
38
65
87
-
health
8
14
30
-
total
46
79
117
-
Corporate
1 248
892
-
-
income
156
111
-
-
total
156
111
-
-
Dividends
1 092
780
-
-
withholding
186
133
-
-
total
186
133
-
-
Income
1 750
1 750
1 750
1 750
Total tax
516
473
567
553
After tax
1 234
1 277
1 183
1 197
Living cost
329
329
329
329
Free-cash
905
948
854
868

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
€765
€887
€687
€971
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
-
-
-
1 750
health
-
-
-
236
social contributions
-
-
-
337
income
-
-
-
176
solidarity contribution
-
-
-
2
total
-
-
-
751
Employee
345
-
1 341
-
income
41
-
163
-
social contributions
22
-
75
-
health
47
-
181
-
solidarity contribution
-
-
-
-
total
110
-
419
-
Employer
345
-
1 341
-
social contributions
86
-
289
-
health
31
-
121
-
total
117
-
410
-
Corporate
1 288
1 750
-
-
income
245
332
-
-
total
245
332
-
-
Dividends
1 043
1 418
-
-
withholding
157
213
-
-
total
157
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
629
545
829
751
After tax
1 121
1 205
921
999
Living cost
234
234
234
234
Free-cash
887
971
687
765

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
€710
€814
€632
€916
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
-
-
-
1 750
health
-
-
-
236
social contributions
-
-
-
337
income
-
-
-
176
solidarity contribution
-
-
-
2
total
-
-
-
751
Employee
425
-
1 341
-
income
51
-
163
-
social contributions
28
-
75
-
health
57
-
181
-
solidarity contribution
-
-
-
-
total
136
-
419
-
Employer
425
-
1 341
-
social contributions
106
-
289
-
health
38
-
121
-
total
144
-
410
-
Corporate
1 181
1 750
-
-
income
224
332
-
-
total
224
332
-
-
Dividends
956
1 418
-
-
withholding
143
213
-
-
total
143
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
647
545
829
751
After tax
1 103
1 205
921
999
Living cost
289
289
289
289
Free-cash
814
916
632
710

Estimated living cost  is €289 per week

€215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
€546
-€464
-€464
-€464
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
-
-
-
1 750
national
-
-
-
204
pensions
-
-
-
9
municipal
-
-
-
363
labour market
-
-
-
139
total
-
-
-
715
Employee
2 066
2 066
2 066
-
municipal
440
440
440
-
national
252
252
252
-
pensions
3
3
3
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 066
2 066
2 066
-
pensions
6
6
6
-
labour market
165
165
165
-
municipal
441
441
441
-
national
253
253
253
-
total
865
865
865
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 725
1 725
1 725
715
After tax
25
25
25
1 035
Living cost
489
489
489
489
Free-cash
-464
-464
-464
546

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
€693
€1092
€764
€1155
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
-
-
-
1 750
health
-
-
-
228
pensions
-
-
-
350
income
-
-
-
234
total
-
-
-
812
Employee
287
-
1 308
-
unemployment
5
-
21
-
income
32
-
252
-
pensions
6
-
26
-
total
43
-
299
-
Employer
287
-
1 308
-
pensions
58
-
262
-
health
37
-
170
-
unemployment
2
-
10
-
total
97
-
442
-
Corporate
1 365
1 750
-
-
income
273
350
-
-
total
273
350
-
-
Dividends
1 092
1 400
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
413
350
741
812
After tax
1 337
1 400
1 009
938
Living cost
245
245
245
245
Free-cash
1 092
1 155
764
693

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
€744
€735
€533
€710
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

-
-
-
1 750
national
-
-
-
283
health
-
-
-
23
municipal
-
-
-
311
total
-
-
-
617
Employee
533
-
1 472
-
unemployment
8
-
22
-
municipal
87
-
240
-
national
9
-
172
-
pensions
36
-
99
-
health
4
-
18
-
total
144
-
551
-
Employer
533
-
1 472
-
pensions
92
-
255
-
health
4
-
11
-
accident
1
-
1
-
unemployment
3
-
10
-
total
100
-
277
-
Corporate
1 116
1 750
-
-
income
223
350
-
-
total
223
350
-
-
Dividends

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

670
1 050
-
-
municipal
121
189
-
-
national
38
112
-
-
total
159
301
-
-
Income
1 750
1 750
1 750
1 750
Total tax
626
651
828
617
After tax
1 124
1 099
922
1 133
Living cost
389
389
389
389
Free-cash
735
710
533
744

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
€675
€626
€653
€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
-
-
-
1 750
surtax
-
-
-
-
health
-
-
-
73
pensions
-
-
-
315
social contributions
-
-
-
50
income
-
-
-
271
other
-
-
-
54
total
-
-
-
763
Employee
387
-
1 358
-
income
20
-
261
-
surtax
-
-
-
-
social contributions
11
-
39
-
pensions
44
-
93
-
total
75
-
393
-
Employer
387
-
1 358
-
pensions
64
-
157
-
social contributions
1
-
4
-
other
13
-
52
-
health
27
-
124
-
unemployment
16
-
55
-
total
121
-
392
-
Corporate
1 242
1 750
-
-
income
348
490
-
-
surtax
-
-
-
-
total
348
490
-
-
Dividends
894
1 260
-
-
withholding
114
161
-
-
social contributions
154
217
-
-
surtax
-
-
-
-
total
268
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
812
868
785
763
After tax
938
882
965
987
Living cost
312
312
312
312
Free-cash
626
570
653
675

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
€640
€595
€618
€535
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
-
-
-
1 750
surtax
-
-
-
-
health
-
-
-
73
pensions
-
-
-
315
social contributions
-
-
-
50
income
-
-
-
271
other
-
-
-
54
total
-
-
-
763
Employee
434
-
1 358
-
income
26
-
261
-
surtax
-
-
-
-
social contributions
12
-
39
-
pensions
49
-
93
-
total
87
-
393
-
Employer
434
-
1 358
-
pensions
71
-
157
-
social contributions
1
-
4
-
other
15
-
52
-
health
30
-
124
-
unemployment
18
-
55
-
total
135
-
392
-
Corporate
1 181
1 750
-
-
income
331
490
-
-
surtax
-
-
-
-
total
331
490
-
-
Dividends
850
1 260
-
-
withholding
109
161
-
-
social contributions
146
217
-
-
surtax
-
-
-
-
total
255
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
808
868
785
763
After tax
942
882
965
987
Living cost
347
347
347
347
Free-cash
595
535
618
640

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
€498
€462
€476
€393
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
-
-
-
1 750
surtax
-
-
-
-
health
-
-
-
73
pensions
-
-
-
315
social contributions
-
-
-
50
income
-
-
-
271
other
-
-
-
54
total
-
-
-
763
Employee
635
-
1 358
-
income
55
-
261
-
surtax
-
-
-
-
social contributions
18
-
39
-
pensions
72
-
93
-
total
145
-
393
-
Employer
635
-
1 358
-
pensions
104
-
157
-
social contributions
2
-
4
-
other
22
-
52
-
health
44
-
124
-
unemployment
26
-
55
-
total
198
-
392
-
Corporate
917
1 750
-
-
income
257
490
-
-
surtax
-
-
-
-
total
257
490
-
-
Dividends
660
1 260
-
-
withholding
85
161
-
-
social contributions
114
217
-
-
surtax
-
-
-
-
total
199
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
799
868
785
763
After tax
951
882
965
987
Living cost
489
489
489
489
Free-cash
462
393
476
498

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
€1667
€1586
€1335
€1597
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%.

-
-
-
1 750
microenterprise

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

-
-
-
18
total
-
-
-
18
Employee
81
-
1 750
-
income
16
-
350
-
total
16
-
350
-
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%.

1 669
1 750
-
-
total
-
-
-
-
Dividends
1 669
1 750
-
-
withholding
83
88
-
-
total
83
88
-
-
Income
1 750
1 750
1 750
1 750
Total tax
99
88
350
18
After tax
1 651
1 662
1 400
1 732
Living cost
65
65
65
65
Free-cash
1 586
1 597
1 335
1 667

Estimated living cost  is €65 per week

€40
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Tbilisi , Georgia
€1631
€1543
€1299
€1561
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%.

-
-
-
1 750
microenterprise

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

-
-
-
18
total
-
-
-
18
Employee
126
-
1 750
-
income
25
-
350
-
total
25
-
350
-
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%.

1 624
1 750
-
-
total
-
-
-
-
Dividends
1 624
1 750
-
-
withholding
81
88
-
-
total
81
88
-
-
Income
1 750
1 750
1 750
1 750
Total tax
106
88
350
18
After tax
1 644
1 662
1 400
1 732
Living cost
101
101
101
101
Free-cash
1 543
1 561
1 299
1 631

Estimated living cost  is €101 per week

€68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Berlin , Germany
€539
€643
€723
€510
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.

-
-
-
1 750
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.

-
-
-
30
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.

-
-
-
537
trade
-
-
-
184
total
-
-
-
820
Employee

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

504
-
1 750
-
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
-
537
-
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
-
30
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 246
1 750
-
-
trade
179
251
-
-
income
187
262
-
-
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.

10
14
-
-
total
379
531
-
-
Dividends
867
1 218
-
-
withholding
213
301
-
-
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
17
-
-
total
225
318
-
-
Income
1 750
1 750
1 750
1 750
Total tax
716
849
636
820
After tax
1 034
901
1 114
930
Living cost
391
391
391
391
Free-cash
643
510
723
539

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
€606
€687
€807
€577
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.

-
-
-
1 750
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.

-
-
-
30
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.

-
-
-
537
trade
-
-
-
201
total
-
-
-
837
Employee

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

388
-
1 750
-
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
-
537
-
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
-
30
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 362
1 750
-
-
trade
215
276
-
-
income
204
262
-
-
chamber of commerce
4
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.

11
14
-
-
total
434
556
-
-
Dividends
929
1 193
-
-
withholding
228
294
-
-
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.

13
16
-
-
total
241
310
-
-
Income
1 750
1 750
1 750
1 750
Total tax
756
866
636
837
After tax
994
884
1 114
913
Living cost
307
307
307
307
Free-cash
687
577
807
606

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
€506
€620
€716
€477
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.

-
-
-
1 750
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.

-
-
-
30
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.

-
-
-
537
trade
-
-
-
210
total
-
-
-
846
Employee

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

514
-
1 750
-
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
-
537
-
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
-
30
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 236
1 750
-
-
trade
203
288
-
-
income
185
262
-
-
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.

10
14
-
-
total
401
568
-
-
Dividends
834
1 181
-
-
withholding
205
291
-
-
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
-
-
total
216
307
-
-
Income
1 750
1 750
1 750
1 750
Total tax
732
875
636
846
After tax
1 018
875
1 114
904
Living cost
398
398
398
398
Free-cash
620
477
716
506

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
€431
€565
€650
€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

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

-
-
-
1 750
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.

-
-
-
30
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.

-
-
-
537
trade
-
-
-
219
total
-
-
-
855
Employee

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

609
-
1 750
-
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
-
537
-
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
-
30
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 141
1 750
-
-
trade
196
300
-
-
income
171
262
-
-
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
14
-
-
total
379
580
-
-
Dividends
762
1 169
-
-
withholding
187
288
-
-
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
16
-
-
total
197
304
-
-
Income
1 750
1 750
1 750
1 750
Total tax
721
884
636
855
After tax
1 029
866
1 114
895
Living cost
464
464
464
464
Free-cash
565
402
650
431

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
€602
€839
€539
€873
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
-
-
-
1 750
surtax
-
-
-
73
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
479
other
-
-
-
-
total
-
-
-
920
Employee
341
-
1 465
-
unemployment
24
-
94
-
other
-
-
-
-
income
57
-
419
-
surtax
1
-
61
-
pensions
23
-
90
-
health
9
-
34
-
total
114
-
698
-
Employer
341
-
1 465
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
73
-
285
-
Corporate
1 337
1 750
-
-
income
348
455
-
-
total
348
455
-
-
Dividends
989
1 295
-
-
withholding
148
194
-
-
total
148
194
-
-
Income
1 750
1 750
1 750
1 750
Total tax
683
649
983
920
After tax
1 067
1 101
767
830
Living cost
228
228
228
228
Free-cash
839
873
539
602

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
€606
€845
€543
€877
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
-
-
-
1 750
surtax
-
-
-
73
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
479
other
-
-
-
-
total
-
-
-
920
Employee
335
-
1 465
-
unemployment
23
-
94
-
other
-
-
-
-
income
56
-
419
-
surtax
1
-
61
-
pensions
22
-
90
-
health
9
-
34
-
total
111
-
698
-
Employer
335
-
1 465
-
pensions
45
-
180
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
total
71
-
285
-
Corporate
1 344
1 750
-
-
income
350
455
-
-
total
350
455
-
-
Dividends
995
1 295
-
-
withholding
149
194
-
-
total
149
194
-
-
Income
1 750
1 750
1 750
1 750
Total tax
681
649
983
920
After tax
1 069
1 101
767
830
Living cost
224
224
224
224
Free-cash
845
877
543
606

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
€1009
€786
€811
€779
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
-
-
-
1 750
unemployment
-
-
-
26
health
-
-
-
123
pensions
-
-
-
175
income
-
-
-
214
total
-
-
-
538
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

293
116
1 464
-
unemployment
4
2
22
-
income
36
14
179
-
pensions
29
12
146
-
health
20
8
103
-
total
89
36
450
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

293
116
1 464
-
pensions
57
23
286
-
total
57
23
286
-
Corporate
1 400
1 611
-
-
income
126
145
-
-
total
126
145
-
-
Dividends
1 274
1 466
-
-
withholding
242
279
-
-
social contributions
247
285
-
-
total
489
564
-
-
Income
1 750
1 750
1 750
1 750
Total tax
761
768
736
538
After tax
989
982
1 014
1 212
Living cost
203
203
203
203
Free-cash
786
779
811
1 009

Estimated living cost  is €203 per week

€138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
€538
€595
€548
€603
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
-
-
-
1 750
national
-
-
-
302
pensions
-
-
-
210
social contributions
-
-
-
19
municipal
-
-
-
192
total
-
-
-
723
Employee
759
-
1 513
-
municipal
94
-
199
-
national
145
-
316
-
pensions
30
-
61
-
total
269
-
576
-
Employer
759
-
1 513
-
pensions
61
-
121
-
social contributions
8
-
16
-
total
69
-
137
-
Corporate
872
1 750
-
-
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%.

174
350
-
-
total
174
350
-
-
Dividends
698
1 400
-
-
withholding
154
308
-
-
total
154
308
-
-
Income
1 750
1 750
1 750
1 750
Total tax
666
658
713
723
After tax
1 084
1 092
1 037
1 027
Living cost
489
489
489
489
Free-cash
595
603
548
538

Estimated living cost  is €489 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Dublin , Ireland
€350
€669
€350
€648
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
-
-
-
1 750
social contributions
-
-
-
291
income
-
-
-
532
total
-
-
-
823
Employee
793
-
1 750
-
social contributions
66
-
291
-
income
150
-
532
-
total
216
-
823
-
Employer
793
-
1 750
-
total
-
-
-
-
Corporate
957
1 750
-
-
income
120
219
-
-
total
120
219
-
-
Dividends
838
1 531
-
-
withholding
168
306
-
-
total
168
306
-
-
Income
1 750
1 750
1 750
1 750
Total tax
504
525
823
823
After tax
1 246
1 225
927
927
Living cost
577
577
577
577
Free-cash
669
648
350
350

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
€411
€453
€332
€506
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
-
-
-
1 750
national
-
-
-
430
regional
-
-
-
21
social contributions
-
-
-
450
municipal
-
-
-
10
total
-
-
-
911
Employee
901
-
1 750
-
municipal
5
-
9
-
national
156
-
373
-
social contributions
304
-
590
-
regional
8
-
18
-
total
473
-
990
-
Employer
901
-
1 750
-
total
-
-
-
-
Corporate
849
1 750
-
-
nationa
204
420
-
-
municipal
33
68
-
-
total
237
488
-
-
Dividends
612
1 262
-
-
withholding
159
328
-
-
total
159
328
-
-
Income
1 750
1 750
1 750
1 750
Total tax
869
816
990
911
After tax
881
934
760
839
Living cost
428
428
428
428
Free-cash
453
506
332
411

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
€561
€624
€481
€647
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
-
-
-
1 750
national
-
-
-
430
regional
-
-
-
26
social contributions
-
-
-
450
municipal
-
-
-
10
total
-
-
-
916
Employee
562
-
1 750
-
municipal
3
-
9
-
national
89
-
373
-
social contributions
190
-
590
-
regional
8
-
24
-
total
290
-
996
-
Employer
562
-
1 750
-
total
-
-
-
-
Corporate
1 188
1 750
-
-
nationa
285
420
-
-
municipal
59
87
-
-
total
344
507
-
-
Dividends
844
1 243
-
-
withholding
219
323
-
-
total
219
323
-
-
Income
1 750
1 750
1 750
1 750
Total tax
853
830
996
916
After tax
897
920
754
834
Living cost
273
273
273
273
Free-cash
624
647
481
561

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