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
€ 2400
per

Your estimated
City
free-cash

Andorra , Andorra
€1441
€1822
€1505
€1855
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
-
-
-
2 400
social contributions
-
-
-
528
income
-
-
-
126
total
-
-
-
654
Employee
326
-
2 078
-
social contributions
21
-
135
-
income
-
-
133
-
total
21
-
268
-
Employer
326
-
2 078
-
social contributions
50
-
322
-
total
50
-
322
-
Corporate
2 024
2 400
-
-
income
202
240
-
-
total
202
240
-
-
Dividends
1 821
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
273
240
590
654
After tax
2 127
2 160
1 810
1 746
Living cost
305
305
305
305
Free-cash
1 822
1 855
1 505
1 441

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
€906
€997
€303
€1000
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
-
-
-
2 400
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
10
pensions
-
-
-
219
income
-
-
-
789
total
-
-
-
1 171
Employee
443
404
2 000
-
unemployment
13
12
36
-
other
4
4
12
-
income
39
30
668
-
pensions
45
41
121
-
health
17
16
46
-
total
118
103
883
-
Employer
443
404
2 000
-
pensions
56
51
149
-
surtax
-
-
-
-
payroll
13
12
60
-
other
21
19
88
-
health
17
15
45
-
accident
6
5
15
-
unemployment
13
12
36
-
chamber of commerce
2
2
8
-
total
128
116
401
-
Corporate
1 830
1 880
1 961
-
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.

457
470
490
-
total
457
470
490
-
Dividends
1 372
1 410
-
-
withholding
377
388
-
-
total
377
388
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 080
1 077
1 774
1 171
After tax
1 320
1 323
626
1 229
Living cost
323
323
323
323
Free-cash
997
1 000
303
906

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
€870
€949
€268
€966
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
-
-
-
2 400
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
10
pensions
-
-
-
219
income
-
-
-
789
total
-
-
-
1 173
Employee
506
404
1 998
-
unemployment
15
12
36
-
other
5
4
12
-
income
58
30
667
-
pensions
52
41
121
-
health
20
16
46
-
total
150
103
882
-
Employer
506
404
1 998
-
pensions
64
51
149
-
surtax
2
2
2
-
payroll
15
12
60
-
other
24
19
88
-
health
19
15
45
-
accident
7
5
15
-
unemployment
15
12
36
-
chamber of commerce
2
2
8
-
total
148
118
403
-
Corporate
1 746
1 878
1 959
-
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.

436
469
490
-
total
436
469
490
-
Dividends
1 309
1 408
-
-
withholding
360
387
-
-
total
360
387
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 094
1 077
1 775
1 173
After tax
1 306
1 323
625
1 227
Living cost
357
357
357
357
Free-cash
949
966
268
870

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
€674
€820
€442
€942
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
-
-
-
2 400
national
-
-
-
974
communal

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

-
-
-
129
social contributions
-
-
-
253
total
-
-
-
1 356
Employee

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

725
-
1 859
-
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
-
16
-
national
223
-
708
-
communal

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

38
-
97
-
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
-
139
-
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
-
87
-
total
355
-
1 047
-
Employer

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

725
-
1 859
-
surtax
82
-
211
-
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
-
165
-
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
-
114
-
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
-
24
-
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
-
27
-
total
211
-
541
-
Corporate
1 464
2 400
-
-
income
293
523
-
-
surtax
6
10
-
-
total
299
533
-
-
Dividends
1 165
1 867
-
-
withholding

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

346
556
-
-
total
346
556
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 211
1 089
1 588
1 356
After tax
1 189
1 311
812
1 044
Living cost
370
370
370
370
Free-cash
820
942
442
674

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
€1772
€1816
€1873
€1878
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
-
-
-
2 400
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
-
-
-
360
total
-
-
-
454
Employee
231
-
2 331
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
233
-
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
-
284
-
Employer
231
-
2 331
-
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
2 124
2 400
-
-
income
212
240
-
-
total
212
240
-
-
Dividends
1 911
2 160
-
-
withholding
96
108
-
-
total
96
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
410
348
353
454
After tax
1 990
2 052
2 047
1 946
Living cost
174
174
174
174
Free-cash
1 816
1 878
1 873
1 772

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
€1813
€1872
€1914
€1919
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
-
-
-
2 400
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
-
-
-
360
total
-
-
-
454
Employee
176
-
2 331
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
233
-
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
-
284
-
Employer
176
-
2 331
-
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
2 190
2 400
-
-
income
219
240
-
-
total
219
240
-
-
Dividends
1 971
2 160
-
-
withholding
99
108
-
-
total
99
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
395
348
353
454
After tax
2 005
2 052
2 047
1 946
Living cost
133
133
133
133
Free-cash
1 872
1 919
1 914
1 813

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
€1375
€1459
€1355
€1514
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
-
-
-
2 400
health
-
-
-
61
social contributions
-
-
-
164
income
-
-
-
565
total
-
-
-
790
Employee
779
779
2 271
-
income
85
72
555
-
social contributions
29
65
87
-
health
6
13
39
-
total
120
150
681
-
Employer
779
779
2 271
-
social contributions
29
65
87
-
health
7
14
42
-
total
36
79
129
-
Corporate
2 009
1 542
-
-
income
251
193
-
-
total
251
193
-
-
Dividends
1 758
1 349
-
-
withholding
299
229
-
-
total
299
229
-
-
Income
2 400
2 400
2 400
2 400
Total tax
706
651
810
790
After tax
1 694
1 749
1 590
1 610
Living cost
235
235
235
235
Free-cash
1 459
1 514
1 355
1 375

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
€1281
€1378
€1261
€1420
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
-
-
-
2 400
health
-
-
-
61
social contributions
-
-
-
164
income
-
-
-
565
total
-
-
-
790
Employee
779
779
2 271
-
income
82
72
555
-
social contributions
38
65
87
-
health
8
13
39
-
total
128
150
681
-
Employer
779
779
2 271
-
social contributions
38
65
87
-
health
8
14
42
-
total
46
79
129
-
Corporate
1 898
1 542
-
-
income
237
193
-
-
total
237
193
-
-
Dividends
1 660
1 349
-
-
withholding
282
229
-
-
total
282
229
-
-
Income
2 400
2 400
2 400
2 400
Total tax
693
651
810
790
After tax
1 707
1 749
1 590
1 610
Living cost
329
329
329
329
Free-cash
1 378
1 420
1 261
1 281

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
€1203
€1336
€1096
€1418
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
-
-
-
2 400
health
-
-
-
324
social contributions
-
-
-
337
income
-
-
-
261
solidarity contribution
-
-
-
41
total
-
-
-
963
Employee
345
-
1 937
-
income
41
-
240
-
social contributions
22
-
75
-
health
47
-
261
-
solidarity contribution
-
-
31
-
total
110
-
607
-
Employer
345
-
1 937
-
social contributions
86
-
289
-
health
31
-
174
-
total
117
-
463
-
Corporate
1 938
2 400
-
-
income
368
456
-
-
total
368
456
-
-
Dividends
1 570
1 944
-
-
withholding
235
292
-
-
total
235
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
830
748
1 070
963
After tax
1 570
1 652
1 330
1 437
Living cost
234
234
234
234
Free-cash
1 336
1 418
1 096
1 203

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
€1148
€1261
€1041
€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
-
-
-
2 400
health
-
-
-
324
social contributions
-
-
-
337
income
-
-
-
261
solidarity contribution
-
-
-
41
total
-
-
-
963
Employee
425
-
1 937
-
income
51
-
240
-
social contributions
28
-
75
-
health
57
-
261
-
solidarity contribution
-
-
31
-
total
136
-
607
-
Employer
425
-
1 937
-
social contributions
106
-
289
-
health
38
-
174
-
total
144
-
463
-
Corporate
1 831
2 400
-
-
income
348
456
-
-
total
348
456
-
-
Dividends
1 483
1 944
-
-
withholding
222
292
-
-
total
222
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
850
748
1 070
963
After tax
1 550
1 652
1 330
1 437
Living cost
289
289
289
289
Free-cash
1 261
1 363
1 041
1 148

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
€891
€105
€186
€186
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
-
-
-
2 400
national
-
-
-
302
pensions
-
-
-
9
municipal
-
-
-
518
labour market
-
-
-
191
total
-
-
-
1 020
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
186
-
-
-
income
41
-
-
-
total
41
-
-
-
Dividends
145
-
-
-
withholding
40
-
-
-
total
40
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 806
1 725
1 725
1 020
After tax
594
675
675
1 380
Living cost
489
489
489
489
Free-cash
105
186
186
891

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
€1041
€1612
€1138
€1675
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
-
-
-
2 400
health
-
-
-
312
pensions
-
-
-
480
income
-
-
-
322
total
-
-
-
1 114
Employee
287
-
1 794
-
unemployment
5
-
29
-
income
32
-
346
-
pensions
6
-
36
-
total
43
-
411
-
Employer
287
-
1 794
-
pensions
58
-
359
-
health
37
-
233
-
unemployment
2
-
14
-
total
97
-
606
-
Corporate
2 015
2 400
-
-
income
403
480
-
-
total
403
480
-
-
Dividends
1 612
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
543
480
1 017
1 114
After tax
1 857
1 920
1 383
1 286
Living cost
245
245
245
245
Free-cash
1 612
1 675
1 138
1 041

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
€1069
€1109
€795
€1077
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

-
-
-
2 400
national
-
-
-
483
health
-
-
-
33
municipal
-
-
-
426
total
-
-
-
942
Employee
533
-
2 019
-
unemployment
8
-
30
-
municipal
87
-
329
-
national
9
-
313
-
pensions
36
-
136
-
health
4
-
27
-
total
144
-
835
-
Employer
533
-
2 019
-
pensions
92
-
350
-
health
4
-
16
-
accident
1
-
2
-
unemployment
3
-
13
-
total
100
-
381
-
Corporate
1 766
2 400
-
-
income
353
480
-
-
total
353
480
-
-
Dividends

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

1 060
1 440
-
-
municipal
191
259
-
-
national
114
195
-
-
total
305
454
-
-
Income
2 400
2 400
2 400
2 400
Total tax
902
934
1 216
942
After tax
1 498
1 466
1 184
1 458
Living cost
389
389
389
389
Free-cash
1 109
1 077
795
1 069

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
€992
€954
€913
€898
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
-
-
-
2 400
surtax
-
-
-
-
health
-
-
-
121
pensions
-
-
-
369
social contributions
-
-
-
68
income
-
-
-
464
other
-
-
-
74
total
-
-
-
1 096
Employee
387
-
1 825
-
income
20
-
408
-
surtax
-
-
-
-
social contributions
11
-
52
-
pensions
44
-
140
-
total
75
-
600
-
Employer
387
-
1 825
-
pensions
64
-
234
-
social contributions
1
-
5
-
other
13
-
77
-
health
27
-
185
-
unemployment
16
-
74
-
total
121
-
575
-
Corporate
1 892
2 400
-
-
income
530
672
-
-
surtax
-
-
-
-
total
530
672
-
-
Dividends
1 362
1 728
-
-
withholding
174
221
-
-
social contributions
234
297
-
-
surtax
-
-
-
-
total
408
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 134
1 190
1 175
1 096
After tax
1 266
1 210
1 225
1 304
Living cost
312
312
312
312
Free-cash
954
898
913
992

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
€957
€922
€878
€863
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
-
-
-
2 400
surtax
-
-
-
-
health
-
-
-
121
pensions
-
-
-
369
social contributions
-
-
-
68
income
-
-
-
464
other
-
-
-
74
total
-
-
-
1 096
Employee
434
-
1 825
-
income
26
-
408
-
surtax
-
-
-
-
social contributions
12
-
52
-
pensions
49
-
140
-
total
87
-
600
-
Employer
434
-
1 825
-
pensions
71
-
234
-
social contributions
1
-
5
-
other
15
-
77
-
health
30
-
185
-
unemployment
18
-
74
-
total
135
-
575
-
Corporate
1 831
2 400
-
-
income
513
672
-
-
surtax
-
-
-
-
total
513
672
-
-
Dividends
1 318
1 728
-
-
withholding
169
221
-
-
social contributions
227
297
-
-
surtax
-
-
-
-
total
396
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 131
1 190
1 175
1 096
After tax
1 269
1 210
1 225
1 304
Living cost
347
347
347
347
Free-cash
922
863
878
957

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
€815
€791
€736
€721
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
-
-
-
2 400
surtax
-
-
-
-
health
-
-
-
121
pensions
-
-
-
369
social contributions
-
-
-
68
income
-
-
-
464
other
-
-
-
74
total
-
-
-
1 096
Employee
635
-
1 825
-
income
55
-
408
-
surtax
-
-
-
-
social contributions
18
-
52
-
pensions
72
-
140
-
total
145
-
600
-
Employer
635
-
1 825
-
pensions
104
-
234
-
social contributions
2
-
5
-
other
22
-
77
-
health
44
-
185
-
unemployment
26
-
74
-
total
198
-
575
-
Corporate
1 567
2 400
-
-
income
439
672
-
-
surtax
-
-
-
-
total
439
672
-
-
Dividends
1 128
1 728
-
-
withholding
144
221
-
-
social contributions
194
297
-
-
surtax
-
-
-
-
total
338
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 120
1 190
1 175
1 096
After tax
1 280
1 210
1 225
1 304
Living cost
489
489
489
489
Free-cash
791
721
736
815

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
€2311
€2203
€1855
€2215
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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
81
-
2 400
-
income
16
-
480
-
total
16
-
480
-
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%.

2 319
2 400
-
-
total
-
-
-
-
Dividends
2 319
2 400
-
-
withholding
116
120
-
-
total
116
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
132
120
480
24
After tax
2 268
2 280
1 920
2 376
Living cost
65
65
65
65
Free-cash
2 203
2 215
1 855
2 311

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
€2275
€2160
€1819
€2179
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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
126
-
2 400
-
income
25
-
480
-
total
25
-
480
-
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%.

2 274
2 400
-
-
total
-
-
-
-
Dividends
2 274
2 400
-
-
withholding
114
120
-
-
total
114
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
139
120
480
24
After tax
2 261
2 280
1 920
2 376
Living cost
101
101
101
101
Free-cash
2 160
2 179
1 819
2 275

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
€808
€977
€1085
€843
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.

-
-
-
2 400
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.

-
-
-
45
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.

-
-
-
810
trade
-
-
-
277
total
-
-
-
1 201
Employee

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

504
-
2 400
-
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
-
810
-
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
-
45
-
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
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 896
2 400
-
-
trade
272
344
-
-
income
284
360
-
-
chamber of commerce
4
5
-
-
surtax

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

16
20
-
-
total
576
729
-
-
Dividends
1 319
1 671
-
-
withholding
326
414
-
-
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.

18
23
-
-
total
344
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 032
1 166
924
1 201
After tax
1 368
1 234
1 476
1 199
Living cost
391
391
391
391
Free-cash
977
843
1 085
808

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
€865
€1014
€1169
€903
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.

-
-
-
2 400
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.

-
-
-
45
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.

-
-
-
810
trade
-
-
-
304
total
-
-
-
1 228
Employee

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

388
-
2 400
-
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
-
810
-
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
-
45
-
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
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 012
2 400
-
-
trade
317
378
-
-
income
302
360
-
-
chamber of commerce
4
5
-
-
surtax

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

17
20
-
-
total
640
763
-
-
Dividends
1 373
1 637
-
-
withholding
339
405
-
-
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.

19
22
-
-
total
358
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 079
1 190
924
1 228
After tax
1 321
1 210
1 476
1 172
Living cost
307
307
307
307
Free-cash
1 014
903
1 169
865

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
€761
€943
€1078
€799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
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.

-
-
-
45
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.

-
-
-
810
trade
-
-
-
317
total
-
-
-
1 241
Employee

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

514
-
2 400
-
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
-
810
-
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
-
45
-
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
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 886
2 400
-
-
trade
310
395
-
-
income
283
360
-
-
chamber of commerce
4
5
-
-
surtax

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

16
20
-
-
total
613
780
-
-
Dividends
1 273
1 620
-
-
withholding
314
401
-
-
surtax

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

17
22
-
-
total
331
423
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 059
1 203
924
1 241
After tax
1 341
1 197
1 476
1 159
Living cost
398
398
398
398
Free-cash
943
799
1 078
761

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
€681
€885
€1012
€720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
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.

-
-
-
45
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.

-
-
-
810
trade
-
-
-
331
total
-
-
-
1 255
Employee

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

609
-
2 400
-
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
-
810
-
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
-
45
-
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
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 791
2 400
-
-
trade
307
412
-
-
income
269
360
-
-
chamber of commerce
4
5
-
-
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.

15
20
-
-
total
595
797
-
-
Dividends
1 196
1 604
-
-
withholding
295
397
-
-
surtax

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

16
22
-
-
total
311
419
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 051
1 216
924
1 255
After tax
1 349
1 184
1 476
1 145
Living cost
464
464
464
464
Free-cash
885
720
1 012
681

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
€900
€1247
€838
€1282
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
-
-
-
2 400
surtax
-
-
-
132
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
772
other
-
-
-
-
total
-
-
-
1 272
Employee
341
-
2 115
-
unemployment
24
-
94
-
other
-
-
-
-
income
57
-
711
-
surtax
1
-
120
-
pensions
23
-
90
-
health
9
-
34
-
total
114
-
1 049
-
Employer
341
-
2 115
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
73
-
285
-
Corporate
1 987
2 400
-
-
income
517
624
-
-
total
517
624
-
-
Dividends
1 470
1 776
-
-
withholding
221
266
-
-
total
221
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
925
890
1 334
1 272
After tax
1 475
1 510
1 066
1 128
Living cost
228
228
228
228
Free-cash
1 247
1 282
838
900

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
€904
€1254
€842
€1286
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
-
-
-
2 400
surtax
-
-
-
132
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
772
other
-
-
-
-
total
-
-
-
1 272
Employee
335
-
2 115
-
unemployment
23
-
94
-
other
-
-
-
-
income
56
-
711
-
surtax
1
-
120
-
pensions
22
-
90
-
health
9
-
34
-
total
111
-
1 049
-
Employer
335
-
2 115
-
pensions
45
-
180
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
total
71
-
285
-
Corporate
1 994
2 400
-
-
income
519
624
-
-
total
519
624
-
-
Dividends
1 476
1 776
-
-
withholding
221
266
-
-
total
221
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
922
890
1 334
1 272
After tax
1 478
1 510
1 066
1 128
Living cost
224
224
224
224
Free-cash
1 254
1 286
842
904

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
€1460
€1148
€1187
€1144
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
-
-
-
2 400
unemployment
-
-
-
36
health
-
-
-
168
pensions
-
-
-
240
income
-
-
-
293
total
-
-
-
737
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
2 008
-
unemployment
4
2
30
-
income
36
14
246
-
pensions
29
12
201
-
health
20
8
141
-
total
89
36
618
-
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
2 008
-
pensions
57
23
392
-
total
57
23
392
-
Corporate
2 050
2 261
-
-
income
185
203
-
-
total
185
203
-
-
Dividends
1 866
2 057
-
-
withholding
355
391
-
-
social contributions
363
400
-
-
total
718
791
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 049
1 053
1 010
737
After tax
1 351
1 347
1 390
1 663
Living cost
203
203
203
203
Free-cash
1 148
1 144
1 187
1 460

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
€861
€1001
€875
€1009
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
-
-
-
2 400
national
-
-
-
468
pensions
-
-
-
288
social contributions
-
-
-
26
municipal
-
-
-
268
total
-
-
-
1 050
Employee
759
-
2 075
-
municipal
94
-
277
-
national
145
-
488
-
pensions
30
-
83
-
total
269
-
848
-
Employer
759
-
2 075
-
pensions
61
-
166
-
social contributions
8
-
22
-
total
69
-
188
-
Corporate
1 522
2 400
-
-
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%.

304
480
-
-
total
304
480
-
-
Dividends
1 218
1 920
-
-
withholding
268
422
-
-
total
268
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
910
902
1 036
1 050
After tax
1 490
1 498
1 364
1 350
Living cost
489
489
489
489
Free-cash
1 001
1 009
875
861

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
€616
€1125
€616
€1103
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
-
-
-
2 400
social contributions
-
-
-
415
income
-
-
-
792
total
-
-
-
1 207
Employee
793
-
2 400
-
social contributions
66
-
415
-
income
150
-
792
-
total
216
-
1 207
-
Employer
793
-
2 400
-
total
-
-
-
-
Corporate
1 607
2 400
-
-
income
201
300
-
-
total
201
300
-
-
Dividends
1 406
2 100
-
-
withholding
281
420
-
-
total
281
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
698
720
1 207
1 207
After tax
1 702
1 680
1 193
1 193
Living cost
577
577
577
577
Free-cash
1 125
1 103
616
616

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
€736
€800
€650
€852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
national
-
-
-
683
regional
-
-
-
31
social contributions
-
-
-
507
municipal
-
-
-
15
total
-
-
-
1 236
Employee
901
-
2 400
-
municipal
5
-
14
-
national
156
-
615
-
social contributions
304
-
665
-
regional
8
-
28
-
total
473
-
1 322
-
Employer
901
-
2 400
-
total
-
-
-
-
Corporate
1 499
2 400
-
-
nationa
360
576
-
-
municipal
58
94
-
-
total
418
670
-
-
Dividends
1 081
1 730
-
-
withholding
281
450
-
-
total
281
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 172
1 120
1 322
1 236
After tax
1 228
1 280
1 078
1 164
Living cost
428
428
428
428
Free-cash
800
852
650
736

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
€884
€966
€798
€989
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
-
-
-
2 400
national
-
-
-
683
regional
-
-
-
38
social contributions
-
-
-
507
municipal
-
-
-
15
total
-
-
-
1 243
Employee
562
-
2 400
-
municipal
3
-
14
-
national
89
-
615
-
social contributions
190
-
665
-
regional
8
-
35
-
total
290
-
1 329
-
Employer
562
-
2 400
-
total
-
-
-
-
Corporate
1 838
2 400
-
-
nationa
441
576
-
-
municipal
91
119
-
-
total
532
695
-
-
Dividends
1 305
1 705
-
-
withholding
339
443
-
-
total
339
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 161
1 138
1 329
1 243
After tax
1 239
1 262
1 071
1 157
Living cost
273
273
273
273
Free-cash
966
989
798
884

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.