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
€ 400
per

Your estimated
City
free-cash

Andorra , Andorra
€7
€22
€19
€55
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
-
-
-
400
social contributions
-
-
-
88
income
-
-
-
-
total
-
-
-
88
Employee
326
-
346
-
social contributions
21
-
22
-
income
-
-
-
-
total
21
-
22
-
Employer
326
-
346
-
social contributions
50
-
54
-
total
50
-
54
-
Corporate
24
400
-
-
income
2
40
-
-
total
2
40
-
-
Dividends
21
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
73
40
76
88
After tax
327
360
324
312
Living cost
305
305
305
305
Free-cash
22
55
19
7

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
-€97
-€179
-€174
-€152
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
-
-
-
400
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
31
chamber of commerce
-
-
-
2
pensions
-
-
-
74
income
-
-
-
5
total
-
-
-
174
Employee
443
404
404
-
unemployment
13
12
9
-
other
4
4
3
-
income
39
30
34
-
pensions
45
41
31
-
health
17
16
12
-
total
118
103
89
-
Employer
443
404
404
-
pensions
56
51
38
-
surtax
-
-
-
-
payroll
13
12
12
-
other
21
19
18
-
health
17
15
12
-
accident
6
5
4
-
unemployment
13
12
9
-
chamber of commerce
2
2
2
-
total
128
116
95
-
Corporate
38
38
267
-
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
67
-
total
10
10
67
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
256
229
251
174
After tax
144
171
149
226
Living cost
323
323
323
323
Free-cash
-179
-152
-174
-97

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
-€133
-€265
-€209
-€188
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
-
-
-
400
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
31
chamber of commerce
-
-
-
2
pensions
-
-
-
74
income
-
-
-
5
total
-
-
-
176
Employee
506
404
404
-
unemployment
15
12
9
-
other
5
4
3
-
income
58
30
35
-
pensions
52
41
31
-
health
20
16
12
-
total
150
103
90
-
Employer
506
404
404
-
pensions
64
51
38
-
surtax
2
2
2
-
payroll
15
12
12
-
other
24
19
18
-
health
19
15
11
-
accident
7
5
4
-
unemployment
15
12
9
-
chamber of commerce
2
2
2
-
total
148
118
96
-
Corporate
38
38
265
-
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
66
-
total
10
10
66
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
308
231
252
176
After tax
92
169
148
224
Living cost
357
357
357
357
Free-cash
-265
-188
-209
-133

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
-€130
-€536
-€186
-€144
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
-
-
-
400
national
-
-
-
110
communal

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

-
-
-
22
social contributions
-
-
-
29
total
-
-
-
161
Employee

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

725
-
310
-
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
-
3
-
national
223
-
70
-
communal

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

38
-
16
-
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
-
23
-
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
-
15
-
total
355
-
127
-
Employer

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

725
-
310
-
surtax
82
-
35
-
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
-
27
-
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
-
19
-
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
-
4
-
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
-
5
-
total
211
-
90
-
Corporate
-
400
-
-
income
-
80
-
-
surtax
-
2
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
92
-
-
total
-
92
-
-
Income
400
400
400
400
Total tax
566
174
217
161
After tax
-166
226
183
239
Living cost
370
370
370
370
Free-cash
-536
-144
-186
-130

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
€71
€105
€78
€167
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
-
-
-
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
-
-
-
60
total
-
-
-
154
Employee
231
-
334
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
33
-
pensions

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

20
-
29
-
health
11
-
15
-
total
57
-
81
-
Employer
231
-
334
-
pensions

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

25
-
37
-
health
16
-
23
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
66
-
Corporate
124
400
-
-
income
12
40
-
-
total
12
40
-
-
Dividends
111
360
-
-
withholding
6
18
-
-
total
6
18
-
-
Income
400
400
400
400
Total tax
120
58
147
154
After tax
280
342
253
246
Living cost
175
175
175
175
Free-cash
105
167
78
71

Estimated living cost  is €175 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
€113
€162
€120
€209
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
-
-
-
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
-
-
-
60
total
-
-
-
154
Employee
176
-
334
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
33
-
pensions

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

15
-
29
-
health
8
-
15
-
total
43
-
81
-
Employer
176
-
334
-
pensions

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

19
-
37
-
health
12
-
23
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
66
-
Corporate
189
400
-
-
income
19
40
-
-
total
19
40
-
-
Dividends
170
360
-
-
withholding
9
18
-
-
total
9
18
-
-
Income
400
400
400
400
Total tax
105
58
147
154
After tax
295
342
253
246
Living cost
133
133
133
133
Free-cash
162
209
120
113

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
€93
€7
€7
-€64
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
-
-
-
400
health
-
-
-
10
social contributions
-
-
-
62
income
-
-
-
-
total
-
-
-
72
Employee
779
779
779
-
income
85
72
85
-
social contributions
29
65
30
-
health
6
13
6
-
total
120
150
121
-
Employer
779
779
779
-
social contributions
29
65
30
-
health
7
14
7
-
total
36
79
37
-
Corporate
9
-
-
-
income
1
-
-
-
total
1
-
-
-
Dividends
8
-
-
-
withholding
1
-
-
-
total
1
-
-
-
Income
400
400
400
400
Total tax
158
229
158
72
After tax
242
171
242
328
Living cost
235
235
235
235
Free-cash
7
-64
7
93

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
-€1
-€103
-€87
-€158
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
-
-
-
400
health
-
-
-
10
social contributions
-
-
-
62
income
-
-
-
-
total
-
-
-
72
Employee
779
779
779
-
income
82
72
85
-
social contributions
38
65
30
-
health
8
13
6
-
total
128
150
121
-
Employer
779
779
779
-
social contributions
38
65
30
-
health
8
14
7
-
total
46
79
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
174
229
158
72
After tax
226
171
242
328
Living cost
329
329
329
329
Free-cash
-103
-158
-87
-1

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
-€39
-€60
-€31
€41
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
-
-
-
400
health
-
-
-
54
social contributions
-
-
-
117
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
344
-
299
-
income
41
-
36
-
social contributions
22
-
19
-
health
46
-
40
-
solidarity contribution
-
-
-
-
total
109
-
95
-
Employer
344
-
299
-
social contributions
86
-
75
-
health
31
-
27
-
total
117
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
226
125
197
205
After tax
174
275
203
195
Living cost
234
234
234
234
Free-cash
-60
41
-31
-39

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
-€93
-€168
-€85
-€13
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
-
-
-
400
health
-
-
-
54
social contributions
-
-
-
117
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
424
-
299
-
income
51
-
36
-
social contributions
28
-
19
-
health
57
-
40
-
solidarity contribution
-
-
-
-
total
136
-
95
-
Employer
424
-
299
-
social contributions
106
-
75
-
health
38
-
27
-
total
144
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
280
125
197
205
After tax
120
275
203
195
Living cost
288
288
288
288
Free-cash
-168
-13
-85
-93

Estimated living cost  is €288 per week

€214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-€217
-€1813
-€1813
-€1813
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
-
-
-
400
national
-
-
-
33
pensions
-
-
-
9
municipal
-
-
-
55
labour market
-
-
-
31
total
-
-
-
128
Employee
2 065
2 065
2 065
-
municipal
440
440
440
-
national
252
252
252
-
pensions
3
3
3
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 065
2 065
2 065
-
pensions
6
6
6
-
labour market
165
165
165
-
municipal
440
440
440
-
national
253
253
253
-
total
864
864
864
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
1 724
1 724
1 724
128
After tax
-1 324
-1 324
-1 324
272
Living cost
489
489
489
489
Free-cash
-1 813
-1 813
-1 813
-217

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
-€8
€12
€7
€75
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
-
-
-
400
health
-
-
-
52
pensions
-
-
-
80
income
-
-
-
31
total
-
-
-
163
Employee
287
-
299
-
unemployment
5
-
5
-
income
32
-
36
-
pensions
6
-
6
-
total
43
-
47
-
Employer
287
-
299
-
pensions
58
-
60
-
health
37
-
39
-
unemployment
2
-
2
-
total
97
-
101
-
Corporate
15
400
-
-
income
3
80
-
-
total
3
80
-
-
Dividends
12
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
143
80
148
163
After tax
257
320
252
237
Living cost
245
245
245
245
Free-cash
12
75
7
-8

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
-€67
-€233
-€136
-€112
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

-
-
-
400
national
-
-
-
4
health
-
-
-
2
municipal
-
-
-
72
total
-
-
-
78
Employee
533
-
336
-
unemployment
8
-
5
-
municipal
87
-
55
-
national
9
-
-
-
pensions
36
-
23
-
health
4
-
1
-
total
144
-
84
-
Employer
533
-
336
-
pensions
92
-
58
-
health
4
-
3
-
accident
1
-
-
-
unemployment
3
-
2
-
total
100
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
municipal
-
43
-
-
national
-
-
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
244
123
147
78
After tax
156
277
253
322
Living cost
389
389
389
389
Free-cash
-233
-112
-136
-67

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
-€67
-€108
-€60
-€111
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
120
social contributions
-
-
-
11
income
-
-
-
9
other
-
-
-
12
total
-
-
-
155
Employee
387
-
305
-
income
20
-
10
-
surtax
-
-
-
-
social contributions
11
-
9
-
pensions
44
-
34
-
total
75
-
53
-
Employer
387
-
305
-
pensions
64
-
50
-
social contributions
1
-
1
-
other
13
-
11
-
health
27
-
21
-
unemployment
16
-
12
-
total
121
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
196
199
148
155
After tax
204
201
252
245
Living cost
312
312
312
312
Free-cash
-108
-111
-60
-67

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
-€102
-€169
-€95
-€146
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
120
social contributions
-
-
-
11
income
-
-
-
9
other
-
-
-
12
total
-
-
-
155
Employee
434
-
305
-
income
26
-
10
-
surtax
-
-
-
-
social contributions
12
-
9
-
pensions
49
-
34
-
total
87
-
53
-
Employer
434
-
305
-
pensions
71
-
50
-
social contributions
1
-
1
-
other
15
-
11
-
health
30
-
21
-
unemployment
18
-
12
-
total
135
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
222
199
148
155
After tax
178
201
252
245
Living cost
347
347
347
347
Free-cash
-169
-146
-95
-102

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
-€244
-€432
-€237
-€288
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
120
social contributions
-
-
-
11
income
-
-
-
9
other
-
-
-
12
total
-
-
-
155
Employee
635
-
305
-
income
55
-
10
-
surtax
-
-
-
-
social contributions
18
-
9
-
pensions
72
-
34
-
total
145
-
53
-
Employer
635
-
305
-
pensions
104
-
50
-
social contributions
2
-
1
-
other
22
-
11
-
health
44
-
21
-
unemployment
26
-
12
-
total
198
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
343
199
148
155
After tax
57
201
252
245
Living cost
489
489
489
489
Free-cash
-432
-288
-237
-244

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
€330
€302
€254
€314
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
82
-
400
-
income
16
-
80
-
total
16
-
80
-
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%.

318
400
-
-
total
-
-
-
-
Dividends
318
400
-
-
withholding
16
20
-
-
total
16
20
-
-
Income
400
400
400
400
Total tax
32
20
80
4
After tax
368
380
320
396
Living cost
66
66
66
66
Free-cash
302
314
254
330

Estimated living cost  is €66 per week

€41
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
€294
€258
€218
€278
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
128
-
400
-
income
26
-
80
-
total
26
-
80
-
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%.

272
400
-
-
total
-
-
-
-
Dividends
272
400
-
-
withholding
14
20
-
-
total
14
20
-
-
Income
400
400
400
400
Total tax
40
20
80
4
After tax
360
380
320
396
Living cost
102
102
102
102
Free-cash
258
278
218
294

Estimated living cost  is €102 per week

€69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
-€75
-€103
-€75
-€182
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.

-
-
-
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.

-
-
-
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
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.

-
-
-
14
trade
-
-
-
-
total
-
-
-
84
Employee

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

504
-
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
-
14
-
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
-
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
112
-
84
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
57
-
-
income
-
60
-
-
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.

-
3
-
-
total
-
122
-
-
Dividends
-
277
-
-
withholding
-
65
-
-
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
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
112
191
84
84
After tax
288
209
316
316
Living cost
391
391
391
391
Free-cash
-103
-182
-75
-75

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
€9
€6
€9
-€103
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.

-
-
-
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.

-
-
-
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
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.

-
-
-
14
trade
-
-
-
-
total
-
-
-
84
Employee

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

388
-
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
-
14
-
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
-
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
-
84
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12
400
-
-
trade
2
63
-
-
income
2
60
-
-
chamber of commerce
2
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.

-
3
-
-
total
6
128
-
-
Dividends
7
272
-
-
withholding
-
64
-
-
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
-
-
total
-
68
-
-
Income
400
400
400
400
Total tax
87
196
84
84
After tax
313
204
316
316
Living cost
307
307
307
307
Free-cash
6
-103
9
9

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
-€82
-€113
-€82
-€195
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.

-
-
-
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.

-
-
-
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
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.

-
-
-
14
trade
-
-
-
-
total
-
-
-
84
Employee

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

514
-
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
-
14
-
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
-
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
115
-
84
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
66
-
-
income
-
60
-
-
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.

-
3
-
-
total
-
131
-
-
Dividends
-
269
-
-
withholding
-
63
-
-
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.

-
3
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
115
197
84
84
After tax
285
203
316
316
Living cost
398
398
398
398
Free-cash
-113
-195
-82
-82

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
-€148
-€209
-€148
-€264
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.

-
-
-
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.

-
-
-
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
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.

-
-
-
14
trade
-
-
-
-
total
-
-
-
84
Employee

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

609
-
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
-
14
-
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
-
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
145
-
84
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
69
-
-
income
-
60
-
-
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.

-
3
-
-
total
-
134
-
-
Dividends
-
266
-
-
withholding
-
63
-
-
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.

-
3
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
145
200
84
84
After tax
255
200
316
316
Living cost
464
464
464
464
Free-cash
-209
-264
-148
-148

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
€3
-€15
-€6
€24
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
-
-
-
400
surtax
-
-
-
1
unemployment
-
-
-
2
health
-
-
-
28
pensions
-
-
-
80
income
-
-
-
58
other
-
-
-
-
total
-
-
-
169
Employee
341
-
330
-
unemployment
24
-
23
-
other
-
-
-
-
income
57
-
55
-
surtax
1
-
1
-
pensions
23
-
22
-
health
9
-
8
-
total
114
-
109
-
Employer
341
-
330
-
pensions
46
-
44
-
other
-
-
-
-
health
16
-
15
-
unemployment
11
-
10
-
total
73
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
187
148
178
169
After tax
213
252
222
231
Living cost
228
228
228
228
Free-cash
-15
24
-6
3

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
€7
-€6
-€2
€28
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
-
-
-
400
surtax
-
-
-
1
unemployment
-
-
-
2
health
-
-
-
28
pensions
-
-
-
80
income
-
-
-
58
other
-
-
-
-
total
-
-
-
169
Employee
335
-
330
-
unemployment
23
-
23
-
other
-
-
-
-
income
56
-
55
-
surtax
1
-
1
-
pensions
22
-
22
-
health
9
-
8
-
total
111
-
109
-
Employer
335
-
330
-
pensions
45
-
44
-
other
-
-
-
-
health
15
-
15
-
unemployment
11
-
10
-
total
71
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
182
148
178
169
After tax
218
252
222
231
Living cost
224
224
224
224
Free-cash
-6
28
-2
7

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
€76
€31
€32
€26
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
-
-
-
400
unemployment
-
-
-
6
health
-
-
-
28
pensions
-
-
-
40
income
-
-
-
49
total
-
-
-
123
Employee

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

The minimum wage is 138,000 HUF per month.

290
116
335
-
unemployment
4
2
5
-
income
36
14
41
-
pensions
29
12
33
-
health
20
8
23
-
total
89
36
102
-
Employer

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

The minimum wage is 138,000 HUF per month.

290
116
335
-
pensions
57
23
65
-
total
57
23
65
-
Corporate
53
262
-
-
income
5
24
-
-
total
5
24
-
-
Dividends
48
238
-
-
withholding
9
45
-
-
social contributions
8
45
-
-
total
17
90
-
-
Income
400
400
400
400
Total tax
168
173
167
123
After tax
232
227
233
277
Living cost
201
201
201
201
Free-cash
31
26
32
76

Estimated living cost  is €201 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-€232
-€430
-€229
-€241
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
-
-
-
400
national
-
-
-
54
pensions
-
-
-
48
social contributions
-
-
-
4
municipal
-
-
-
35
total
-
-
-
141
Employee
761
-
346
-
municipal
94
-
36
-
national
146
-
56
-
pensions
30
-
14
-
total
270
-
106
-
Employer
761
-
346
-
pensions
61
-
28
-
social contributions
8
-
4
-
total
69
-
32
-
Corporate
-
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%.

-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
339
150
138
141
After tax
61
250
262
259
Living cost
491
491
491
491
Free-cash
-430
-241
-229
-232

Estimated living cost  is €491 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-€248
-€393
-€248
-€297
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
-
-
-
400
social contributions
-
-
-
23
income
-
-
-
48
total
-
-
-
71
Employee
793
-
400
-
social contributions
66
-
23
-
income
150
-
48
-
total
216
-
71
-
Employer
793
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
216
120
71
71
After tax
184
280
329
329
Living cost
577
577
577
577
Free-cash
-393
-297
-248
-248

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
-€206
-€501
-€229
-€215
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
-
-
-
400
national
-
-
-
69
regional
-
-
-
4
social contributions
-
-
-
103
municipal
-
-
-
2
total
-
-
-
178
Employee
901
-
400
-
municipal
5
-
2
-
national
156
-
61
-
social contributions
304
-
135
-
regional
8
-
3
-
total
473
-
201
-
Employer
901
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
16
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
473
187
201
178
After tax
-73
213
199
222
Living cost
428
428
428
428
Free-cash
-501
-215
-229
-206

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
-€53
-€163
-€76
-€63
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
-
-
-
400
national
-
-
-
69
regional
-
-
-
6
social contributions
-
-
-
103
municipal
-
-
-
2
total
-
-
-
180
Employee
562
-
400
-
municipal
3
-
2
-
national
89
-
61
-
social contributions
190
-
135
-
regional
8
-
5
-
total
290
-
203
-
Employer
562
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
20
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
290
190
203
180
After tax
110
210
197
220
Living cost
273
273
273
273
Free-cash
-163
-63
-76
-53

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