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
€ 250
per

Your estimated
City
free-cash

Andorra , Andorra
-€110
-€126
-€103
-€80
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
-
-
-
250
social contributions
-
-
-
55
income
-
-
-
-
total
-
-
-
55
Employee
326
-
216
-
social contributions
21
-
14
-
income
-
-
-
-
total
21
-
14
-
Employer
326
-
216
-
social contributions
50
-
34
-
total
50
-
34
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
71
25
48
55
After tax
179
225
202
195
Living cost
305
305
305
305
Free-cash
-126
-80
-103
-110

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.

Graz , Austria
-€201
-€329
-€252
-€302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
19
chamber of commerce
-
-
-
1
pensions
-
-
-
46
income
-
-
-
-
total
-
-
-
128
Employee
443
404
404
-
unemployment
13
12
5
-
other
4
4
2
-
income
39
30
42
-
pensions
45
41
19
-
health
17
16
7
-
total
118
103
75
-
Employer
443
404
404
-
pensions
56
51
23
-
surtax
-
-
-
-
payroll
13
12
12
-
other
21
19
17
-
health
17
15
7
-
accident
6
5
2
-
unemployment
13
12
5
-
chamber of commerce
2
2
2
-
total
128
116
68
-
Corporate
38
38
143
-
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.

10
10
36
-
total
10
10
36
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
256
229
179
128
After tax
-6
21
71
122
Living cost
323
323
323
323
Free-cash
-329
-302
-252
-201

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.

Vienna , Austria
-€237
-€415
-€286
-€338
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
-
-
-
250
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
19
chamber of commerce
-
-
-
1
pensions
-
-
-
46
income
-
-
-
-
total
-
-
-
130
Employee
506
404
404
-
unemployment
15
12
5
-
other
5
4
2
-
income
58
30
42
-
pensions
52
41
18
-
health
20
16
7
-
total
150
103
74
-
Employer
506
404
404
-
pensions
64
51
23
-
surtax
2
2
2
-
payroll
15
12
12
-
other
24
19
17
-
health
19
15
7
-
accident
7
5
2
-
unemployment
15
12
5
-
chamber of commerce
2
2
2
-
total
148
118
70
-
Corporate
38
38
141
-
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.

10
10
35
-
total
10
10
35
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
308
231
179
130
After tax
-58
19
71
120
Living cost
357
357
357
357
Free-cash
-415
-338
-286
-237

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Brussels , Belgium
-€234
-€686
-€254
-€226
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
-
-
-
250
national
-
-
-
49
communal

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

-
-
-
12
social contributions
-
-
-
53
total
-
-
-
114
Employee

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

725
-
194
-
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
-
2
-
national
223
-
42
-
communal

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

38
-
10
-
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
-
15
-
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
-
9
-
total
355
-
78
-
Employer

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

725
-
194
-
surtax
82
-
22
-
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
-
17
-
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
-
12
-
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
-
3
-
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
-
3
-
total
211
-
57
-
Corporate
-
250
-
-
income
-
50
-
-
surtax
-
1
-
-
total
-
51
-
-
Dividends
-
199
-
-
withholding

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

-
56
-
-
total
-
56
-
-
Income
250
250
250
250
Total tax
566
107
135
114
After tax
-316
143
115
136
Living cost
370
370
370
370
Free-cash
-686
-226
-254
-234

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
Sofia , Bulgaria
-€28
-€26
-€15
€40
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
37
income
-
-
-
37
total
-
-
-
104
Employee
231
-
209
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
income
23
-
21
-
pensions

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

20
-
18
-
health
11
-
10
-
total
57
-
51
-
Employer
231
-
209
-
pensions

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

25
-
23
-
health
16
-
14
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
unemployment
1
-
1
-
total
45
-
40
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
withholding
-
11
-
-
total
-
11
-
-
Income
250
250
250
250
Total tax
102
36
91
104
After tax
148
214
159
146
Living cost
174
174
174
174
Free-cash
-26
40
-15
-28

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
Varna , Bulgaria
€13
€34
€26
€81
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
37
income
-
-
-
37
total
-
-
-
104
Employee
176
-
209
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
income
18
-
21
-
pensions

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

15
-
18
-
health
8
-
10
-
total
43
-
51
-
Employer
176
-
209
-
pensions

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

19
-
23
-
health
12
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
unemployment
1
-
1
-
total
34
-
40
-
Corporate
40
250
-
-
income
4
25
-
-
total
4
25
-
-
Dividends
36
225
-
-
withholding
2
11
-
-
total
2
11
-
-
Income
250
250
250
250
Total tax
83
36
91
104
After tax
167
214
159
146
Living cost
133
133
133
133
Free-cash
34
81
26
13

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
Larnaca , Cyprus
-€55
-€141
-€126
-€214
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
-
-
-
385
health
-
-
-
10
social contributions
-
-
-
60
income
-
-
-
-
total
-
-
-
70
Employee
779
779
779
-
income
85
72
88
-
social contributions
29
65
22
-
health
6
13
4
-
total
120
150
114
-
Employer
779
779
779
-
social contributions
29
65
22
-
health
7
14
5
-
total
36
79
27
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
156
229
141
70
After tax
94
21
109
180
Living cost
235
235
235
235
Free-cash
-141
-214
-126
-55

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
Limassol , Cyprus
-€149
-€253
-€220
-€308
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
-
-
-
385
health
-
-
-
10
social contributions
-
-
-
60
income
-
-
-
-
total
-
-
-
70
Employee
779
779
779
-
income
82
72
88
-
social contributions
38
65
22
-
health
8
13
4
-
total
128
150
114
-
Employer
779
779
779
-
social contributions
38
65
22
-
health
8
14
5
-
total
46
79
27
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
174
229
141
70
After tax
76
21
109
180
Living cost
329
329
329
329
Free-cash
-253
-308
-220
-149

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
Brno , Czech Republic
-€112
-€211
-€107
-€62
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
-
-
-
250
health
-
-
-
34
social contributions
-
-
-
73
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
345
-
187
-
income
41
-
22
-
social contributions
22
-
12
-
health
47
-
25
-
solidarity contribution
-
-
-
-
total
110
-
59
-
Employer
345
-
187
-
social contributions
86
-
47
-
health
31
-
17
-
total
117
-
64
-
Corporate
-
250
-
-
income
-
48
-
-
total
-
48
-
-
Dividends
-
202
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
227
78
123
128
After tax
23
172
127
122
Living cost
234
234
234
234
Free-cash
-211
-62
-107
-112

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
Prague , Czech Republic
-€167
-€319
-€162
-€117
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
-
-
-
250
health
-
-
-
34
social contributions
-
-
-
73
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
425
-
187
-
income
51
-
22
-
social contributions
28
-
12
-
health
57
-
25
-
solidarity contribution
-
-
-
-
total
136
-
59
-
Employer
425
-
187
-
social contributions
106
-
47
-
health
38
-
17
-
total
144
-
64
-
Corporate
-
250
-
-
income
-
48
-
-
total
-
48
-
-
Dividends
-
202
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
280
78
123
128
After tax
-30
172
127
122
Living cost
289
289
289
289
Free-cash
-319
-117
-162
-167

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
Copenhagen , Denmark
-€305
-€1964
-€1964
-€1964
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
-
-
-
250
national
-
-
-
15
pensions
-
-
-
9
municipal
-
-
-
23
labour market
-
-
-
19
total
-
-
-
66
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
250
250
250
250
Total tax
1 725
1 725
1 725
66
After tax
-1 475
-1 475
-1 475
184
Living cost
489
489
489
489
Free-cash
-1 964
-1 964
-1 964
-305

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
Tallinn , Estonia
-€87
-€135
-€78
-€45
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
-
-
-
250
health
-
-
-
32
pensions
-
-
-
50
income
-
-
-
10
total
-
-
-
92
Employee
287
-
187
-
unemployment
5
-
3
-
income
32
-
13
-
pensions
6
-
4
-
total
43
-
20
-
Employer
287
-
187
-
pensions
58
-
37
-
health
37
-
24
-
unemployment
2
-
2
-
total
97
-
63
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
140
50
83
92
After tax
110
200
167
158
Living cost
245
245
245
245
Free-cash
-135
-45
-78
-87

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
Helsinki , Finland
-€184
-€383
-€230
-€216
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

-
-
-
250
national
-
-
-
-
health
-
-
-
-
municipal
-
-
-
45
total
-
-
-
45
Employee
533
-
210
-
unemployment
8
-
3
-
municipal
87
-
35
-
national
9
-
-
-
pensions
36
-
14
-
health
4
-
-
-
total
144
-
52
-
Employer
533
-
210
-
pensions
92
-
36
-
health
4
-
2
-
accident
1
-
-
-
unemployment
3
-
1
-
total
100
-
39
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends

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

-
150
-
-
municipal
-
27
-
-
national
-
-
-
-
total
-
27
-
-
Income
250
250
250
250
Total tax
244
77
91
45
After tax
6
173
159
205
Living cost
389
389
389
389
Free-cash
-383
-216
-230
-184

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.

Marseille , France
-€161
-€258
-€149
-€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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
81
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
99
Employee
387
-
190
-
income
20
-
-
-
surtax
-
-
-
-
social contributions
11
-
5
-
pensions
44
-
22
-
total
75
-
27
-
Employer
387
-
190
-
pensions
64
-
31
-
social contributions
1
-
1
-
other
13
-
7
-
health
27
-
13
-
unemployment
16
-
8
-
total
121
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
196
124
87
99
After tax
54
126
163
151
Living cost
312
312
312
312
Free-cash
-258
-186
-149
-161

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
Nice , France
-€196
-€319
-€184
-€221
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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
81
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
99
Employee
434
-
190
-
income
26
-
-
-
surtax
-
-
-
-
social contributions
12
-
5
-
pensions
49
-
22
-
total
87
-
27
-
Employer
434
-
190
-
pensions
71
-
31
-
social contributions
1
-
1
-
other
15
-
7
-
health
30
-
13
-
unemployment
18
-
8
-
total
135
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
222
124
87
99
After tax
28
126
163
151
Living cost
347
347
347
347
Free-cash
-319
-221
-184
-196

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
Paris , France
-€338
-€582
-€326
-€363
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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
81
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
99
Employee
635
-
190
-
income
55
-
-
-
surtax
-
-
-
-
social contributions
18
-
5
-
pensions
72
-
22
-
total
145
-
27
-
Employer
635
-
190
-
pensions
104
-
31
-
social contributions
2
-
1
-
other
22
-
7
-
health
44
-
13
-
unemployment
26
-
8
-
total
198
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
343
124
87
99
After tax
-93
126
163
151
Living cost
489
489
489
489
Free-cash
-582
-363
-326
-338

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
Batumi , Georgia
€182
€161
€135
€172
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%.

-
-
-
250
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
81
-
250
-
income
16
-
50
-
total
16
-
50
-
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%.

169
250
-
-
total
-
-
-
-
Dividends
169
250
-
-
withholding
8
13
-
-
total
8
13
-
-
Income
250
250
250
250
Total tax
24
13
50
3
After tax
226
237
200
247
Living cost
65
65
65
65
Free-cash
161
172
135
182

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.

Tbilisi , Georgia
€146
€118
€99
€136
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%.

-
-
-
250
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
126
-
250
-
income
25
-
50
-
total
25
-
50
-
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%.

124
250
-
-
total
-
-
-
-
Dividends
124
250
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
250
250
250
250
Total tax
31
13
50
3
After tax
219
237
200
247
Living cost
101
101
101
101
Free-cash
118
136
99
146

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.

Berlin , Germany
-€211
-€253
-€211
-€260
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
1
trade
-
-
-
-
total
-
-
-
70
Employee

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

504
-
250
-
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
-
1
-
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
-
-
-
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
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
36
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
78
-
-
Dividends
-
173
-
-
withholding
-
39
-
-
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
-
-
total
-
41
-
-
Income
250
250
250
250
Total tax
112
119
70
70
After tax
138
131
180
180
Living cost
391
391
391
391
Free-cash
-253
-260
-211
-211

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.

Dresden , Germany
-€127
-€138
-€127
-€178
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
1
trade
-
-
-
-
total
-
-
-
70
Employee

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

388
-
250
-
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
-
1
-
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
-
-
-
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
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
39
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
81
-
-
Dividends
-
169
-
-
withholding
-
38
-
-
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
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
81
121
70
70
After tax
169
129
180
180
Living cost
307
307
307
307
Free-cash
-138
-178
-127
-127

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.

Hamburg , Germany
-€218
-€263
-€218
-€271
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
1
trade
-
-
-
-
total
-
-
-
70
Employee

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

514
-
250
-
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
-
1
-
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
-
-
-
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
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
41
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
83
-
-
Dividends
-
167
-
-
withholding
-
38
-
-
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
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
115
123
70
70
After tax
135
127
180
180
Living cost
398
398
398
398
Free-cash
-263
-271
-218
-218

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.

Munich , Germany
-€284
-€359
-€284
-€339
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
1
trade
-
-
-
-
total
-
-
-
70
Employee

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

609
-
250
-
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
-
1
-
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
-
-
-
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
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
43
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
85
-
-
Dividends
-
166
-
-
withholding
-
38
-
-
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
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
145
125
70
70
After tax
105
125
180
180
Living cost
464
464
464
464
Free-cash
-359
-339
-284
-284

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.

Athens , Greece
-€84
-€165
-€90
-€71
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
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
pensions
-
-
-
50
income
-
-
-
36
other
-
-
-
-
total
-
-
-
106
Employee
341
-
207
-
unemployment
24
-
14
-
other
-
-
-
-
income
57
-
35
-
surtax
1
-
-
-
pensions
23
-
14
-
health
9
-
5
-
total
114
-
68
-
Employer
341
-
207
-
pensions
46
-
28
-
other
-
-
-
-
health
16
-
9
-
unemployment
11
-
7
-
total
73
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
187
93
112
106
After tax
63
157
138
144
Living cost
228
228
228
228
Free-cash
-165
-71
-90
-84

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
Thessaloniki , Greece
-€80
-€156
-€86
-€67
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
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
pensions
-
-
-
50
income
-
-
-
36
other
-
-
-
-
total
-
-
-
106
Employee
335
-
207
-
unemployment
23
-
14
-
other
-
-
-
-
income
56
-
35
-
surtax
1
-
-
-
pensions
22
-
14
-
health
9
-
5
-
total
111
-
68
-
Employer
335
-
207
-
pensions
45
-
28
-
other
-
-
-
-
health
15
-
9
-
unemployment
11
-
7
-
total
71
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
182
93
112
106
After tax
68
157
138
144
Living cost
224
224
224
224
Free-cash
-156
-67
-86
-80

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
Budapest , Hungary
-€31
-€99
-€59
-€59
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
-
-
-
250
unemployment
-
-
-
4
health
-
-
-
18
pensions
-
-
-
25
income
-
-
-
31
total
-
-
-
78
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
209
-
unemployment
4
2
3
-
income
36
14
26
-
pensions
29
12
21
-
health
20
8
15
-
total
89
36
65
-
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
209
-
pensions
57
23
41
-
total
57
23
41
-
Corporate
-
111
-
-
income
-
10
-
-
total
-
10
-
-
Dividends
-
101
-
-
withholding
-
19
-
-
social contributions
-
18
-
-
total
-
37
-
-
Income
250
250
250
250
Total tax
146
106
106
78
After tax
104
144
144
172
Living cost
203
203
203
203
Free-cash
-99
-59
-59
-31

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
Reykjavik , Iceland
-€316
-€577
-€313
-€333
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
-
-
-
250
national
-
-
-
27
pensions
-
-
-
30
social contributions
-
-
-
3
municipal
-
-
-
17
total
-
-
-
77
Employee
759
-
216
-
municipal
94
-
18
-
national
145
-
28
-
pensions
30
-
9
-
total
269
-
55
-
Employer
759
-
216
-
pensions
61
-
17
-
social contributions
8
-
2
-
total
69
-
19
-
Corporate
-
250
-
-
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%.

-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
338
94
74
77
After tax
-88
156
176
173
Living cost
489
489
489
489
Free-cash
-577
-333
-313
-316

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.

Dublin , Ireland
-€351
-€543
-€351
-€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
-
-
-
250
social contributions
-
-
-
6
income
-
-
-
18
total
-
-
-
24
Employee
793
-
250
-
social contributions
66
-
6
-
income
150
-
18
-
total
216
-
24
-
Employer
793
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income
-
31
-
-
total
-
31
-
-
Dividends
-
219
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
216
75
24
24
After tax
34
175
226
226
Living cost
577
577
577
577
Free-cash
-543
-402
-351
-351

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.
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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.

Milan , Italy
-€299
-€651
-€318
-€295
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
-
-
-
250
national
-
-
-
39
regional
-
-
-
2
social contributions
-
-
-
79
municipal
-
-
-
1
total
-
-
-
121
Employee
901
-
250
-
municipal
5
-
1
-
national
156
-
34
-
social contributions
304
-
103
-
regional
8
-
2
-
total
473
-
140
-
Employer
901
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
10
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
47
-
-
total
-
47
-
-
Income
250
250
250
250
Total tax
473
117
140
121
After tax
-223
133
110
129
Living cost
428
428
428
428
Free-cash
-651
-295
-318
-299

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
Naples , Italy
-€145
-€313
-€164
-€141
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
-
-
-
250
national
-
-
-
39
regional
-
-
-
3
social contributions
-
-
-
79
municipal
-
-
-
1
total
-
-
-
122
Employee
562
-
250
-
municipal
3
-
1
-
national
89
-
34
-
social contributions
190
-
103
-
regional
8
-
3
-
total
290
-
141
-
Employer
562
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
290
118
141
122
After tax
-40
132
109
128
Living cost
273
273
273
273
Free-cash
-313
-141
-164
-145

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