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
€ 450
per

Your estimated
City
free-cash

Andorra , Andorra
€46
€67
€60
€100
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
-
-
-
450
social contributions
-
-
-
99
income
-
-
-
-
total
-
-
-
99
Employee
326
-
390
-
social contributions
21
-
25
-
income
-
-
-
-
total
21
-
25
-
Employer
326
-
390
-
social contributions
50
-
60
-
total
50
-
60
-
Corporate
74
450
-
-
income
7
45
-
-
total
7
45
-
-
Dividends
66
405
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
78
45
85
99
After tax
372
405
365
351
Living cost
305
305
305
305
Free-cash
67
100
60
46

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
-€69
-€129
-€146
-€102
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
-
-
-
450
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
34
chamber of commerce
-
-
-
2
pensions
-
-
-
83
income
-
-
-
15
total
-
-
-
196
Employee
443
404
404
-
unemployment
13
12
10
-
other
4
4
3
-
income
39
30
32
-
pensions
45
41
35
-
health
17
16
13
-
total
118
103
93
-
Employer
443
404
404
-
pensions
56
51
43
-
surtax
-
-
-
-
payroll
13
12
12
-
other
21
19
19
-
health
17
15
13
-
accident
6
5
4
-
unemployment
13
12
10
-
chamber of commerce
2
2
2
-
total
128
116
103
-
Corporate
38
38
308
-
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
77
-
total
10
10
77
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
256
229
273
196
After tax
194
221
177
254
Living cost
323
323
323
323
Free-cash
-129
-102
-146
-69

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
-€105
-€215
-€182
-€138
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
-
-
-
450
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
34
chamber of commerce
-
-
-
2
pensions
-
-
-
83
income
-
-
-
15
total
-
-
-
198
Employee
506
404
404
-
unemployment
15
12
10
-
other
5
4
3
-
income
58
30
32
-
pensions
52
41
35
-
health
20
16
13
-
total
150
103
93
-
Employer
506
404
404
-
pensions
64
51
43
-
surtax
2
2
2
-
payroll
15
12
12
-
other
24
19
19
-
health
19
15
13
-
accident
7
5
4
-
unemployment
15
12
10
-
chamber of commerce
2
2
2
-
total
148
118
105
-
Corporate
38
38
306
-
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
77
-
total
10
10
77
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
308
231
275
198
After tax
142
219
175
252
Living cost
357
357
357
357
Free-cash
-215
-138
-182
-105

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
-€110
-€486
-€168
-€116
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
-
-
-
450
national
-
-
-
126
communal

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

-
-
-
25
social contributions
-
-
-
40
total
-
-
-
191
Employee

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

725
-
349
-
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
-
83
-
communal

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

38
-
18
-
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
-
26
-
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
-
16
-
total
355
-
146
-
Employer

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

725
-
349
-
surtax
82
-
40
-
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
-
31
-
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
-
21
-
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
-
5
-
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
-
102
-
Corporate
-
450
-
-
income
-
90
-
-
surtax
-
2
-
-
total
-
92
-
-
Dividends
-
358
-
-
withholding

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

-
104
-
-
total
-
104
-
-
Income
450
450
450
450
Total tax
566
196
248
191
After tax
-116
254
202
259
Living cost
370
370
370
370
Free-cash
-486
-116
-168
-110

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
€114
€149
€118
€211
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
-
-
-
450
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
-
-
-
68
total
-
-
-
162
Employee
230
-
381
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
38
-
pensions

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

20
-
31
-
health
11
-
16
-
total
57
-
89
-
Employer
230
-
381
-
pensions

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

25
-
39
-
health
16
-
24
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
174
450
-
-
income
17
45
-
-
total
17
45
-
-
Dividends
157
405
-
-
withholding
8
20
-
-
total
8
20
-
-
Income
450
450
450
450
Total tax
127
65
158
162
After tax
323
385
292
288
Living cost
174
174
174
174
Free-cash
149
211
118
114

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
€155
€205
€159
€252
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
-
-
-
450
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
-
-
-
68
total
-
-
-
162
Employee
176
-
381
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
38
-
pensions

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

15
-
31
-
health
8
-
16
-
total
43
-
89
-
Employer
176
-
381
-
pensions

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

19
-
39
-
health
12
-
24
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
240
450
-
-
income
24
45
-
-
total
24
45
-
-
Dividends
216
405
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
450
450
450
450
Total tax
112
65
158
162
After tax
338
385
292
288
Living cost
133
133
133
133
Free-cash
205
252
159
155

Estimated living cost  is €133 per week

€77
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
€134
€43
€49
-€14
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
-
-
-
450
health
-
-
-
11
social contributions
-
-
-
70
income
-
-
-
-
total
-
-
-
81
Employee
779
779
779
-
income
85
72
83
-
social contributions
29
65
34
-
health
6
13
7
-
total
120
150
124
-
Employer
779
779
779
-
social contributions
29
65
34
-
health
7
14
8
-
total
36
79
42
-
Corporate
59
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
52
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
450
450
450
450
Total tax
172
229
166
81
After tax
278
221
284
369
Living cost
235
235
235
235
Free-cash
43
-14
49
134

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
€40
-€53
-€45
-€108
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
-
-
-
450
health
-
-
-
11
social contributions
-
-
-
70
income
-
-
-
-
total
-
-
-
81
Employee
779
779
779
-
income
82
72
83
-
social contributions
38
65
34
-
health
8
13
7
-
total
128
150
124
-
Employer
779
779
779
-
social contributions
38
65
34
-
health
8
14
8
-
total
46
79
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
174
229
166
81
After tax
276
221
284
369
Living cost
329
329
329
329
Free-cash
-53
-108
-45
40

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
-€15
-€10
-€5
€76
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
-
-
-
450
health
-
-
-
61
social contributions
-
-
-
131
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
344
-
336
-
income
41
-
40
-
social contributions
22
-
22
-
health
46
-
45
-
solidarity contribution
-
-
-
-
total
109
-
107
-
Employer
344
-
336
-
social contributions
86
-
84
-
health
31
-
30
-
total
117
-
114
-
Corporate
-
450
-
-
income
-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
226
140
221
231
After tax
224
310
229
219
Living cost
234
234
234
234
Free-cash
-10
76
-5
-15

Estimated living cost  is €234 per week

€162
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
-€69
-€118
-€59
€22
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
-
-
-
450
health
-
-
-
61
social contributions
-
-
-
131
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
424
-
336
-
income
51
-
40
-
social contributions
28
-
22
-
health
57
-
45
-
solidarity contribution
-
-
-
-
total
136
-
107
-
Employer
424
-
336
-
social contributions
106
-
84
-
health
38
-
30
-
total
144
-
114
-
Corporate
-
450
-
-
income
-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
280
140
221
231
After tax
170
310
229
219
Living cost
288
288
288
288
Free-cash
-118
22
-59
-69

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
-€189
-€1765
-€1765
-€1765
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
-
-
-
450
national
-
-
-
39
pensions
-
-
-
9
municipal
-
-
-
66
labour market
-
-
-
35
total
-
-
-
149
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
450
450
450
450
Total tax
1 725
1 725
1 725
149
After tax
-1 275
-1 275
-1 275
301
Living cost
490
490
490
490
Free-cash
-1 765
-1 765
-1 765
-189

Estimated living cost  is €490 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
€17
€52
€32
€115
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
-
-
-
450
health
-
-
-
58
pensions
-
-
-
90
income
-
-
-
40
total
-
-
-
188
Employee
287
-
336
-
unemployment
5
-
5
-
income
32
-
47
-
pensions
6
-
7
-
total
43
-
59
-
Employer
287
-
336
-
pensions
58
-
67
-
health
37
-
44
-
unemployment
2
-
3
-
total
97
-
114
-
Corporate
65
450
-
-
income
13
90
-
-
total
13
90
-
-
Dividends
52
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
153
90
173
188
After tax
297
360
277
262
Living cost
245
245
245
245
Free-cash
52
115
32
17

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
-€30
-€183
-€106
-€78
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

-
-
-
450
national
-
-
-
7
health
-
-
-
3
municipal
-
-
-
81
total
-
-
-
91
Employee
533
-
379
-
unemployment
8
-
6
-
municipal
87
-
62
-
national
9
-
-
-
pensions
36
-
26
-
health
4
-
2
-
total
144
-
96
-
Employer
533
-
379
-
pensions
92
-
66
-
health
4
-
3
-
accident
1
-
-
-
unemployment
3
-
2
-
total
100
-
71
-
Corporate
-
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends

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

-
270
-
-
municipal
-
49
-
-
national
-
-
-
-
total
-
49
-
-
Income
450
450
450
450
Total tax
244
139
167
91
After tax
206
311
283
359
Living cost
389
389
389
389
Free-cash
-183
-78
-106
-30

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
-€40
-€58
-€33
-€85
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
-
-
-
450
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
133
social contributions
-
-
-
13
income
-
-
-
14
other
-
-
-
14
total
-
-
-
178
Employee
387
-
343
-
income
20
-
15
-
surtax
-
-
-
-
social contributions
11
-
10
-
pensions
44
-
39
-
total
75
-
64
-
Employer
387
-
343
-
pensions
64
-
56
-
social contributions
1
-
1
-
other
13
-
12
-
health
27
-
24
-
unemployment
16
-
14
-
total
121
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
196
223
171
178
After tax
254
227
279
272
Living cost
312
312
312
312
Free-cash
-58
-85
-33
-40

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
-€75
-€119
-€68
-€120
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
-
-
-
450
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
133
social contributions
-
-
-
13
income
-
-
-
14
other
-
-
-
14
total
-
-
-
178
Employee
434
-
343
-
income
26
-
15
-
surtax
-
-
-
-
social contributions
12
-
10
-
pensions
49
-
39
-
total
87
-
64
-
Employer
434
-
343
-
pensions
71
-
56
-
social contributions
1
-
1
-
other
15
-
12
-
health
30
-
24
-
unemployment
18
-
14
-
total
135
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
222
223
171
178
After tax
228
227
279
272
Living cost
347
347
347
347
Free-cash
-119
-120
-68
-75

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
-€217
-€382
-€210
-€262
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
-
-
-
450
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
133
social contributions
-
-
-
13
income
-
-
-
14
other
-
-
-
14
total
-
-
-
178
Employee
635
-
343
-
income
55
-
15
-
surtax
-
-
-
-
social contributions
18
-
10
-
pensions
72
-
39
-
total
145
-
64
-
Employer
635
-
343
-
pensions
104
-
56
-
social contributions
2
-
1
-
other
22
-
12
-
health
44
-
24
-
unemployment
26
-
14
-
total
198
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
343
223
171
178
After tax
107
227
279
272
Living cost
489
489
489
489
Free-cash
-382
-262
-210
-217

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
€379
€350
€294
€362
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%.

-
-
-
450
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
82
-
450
-
income
16
-
90
-
total
16
-
90
-
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%.

368
450
-
-
total
-
-
-
-
Dividends
368
450
-
-
withholding
18
22
-
-
total
18
22
-
-
Income
450
450
450
450
Total tax
34
22
90
5
After tax
416
428
360
445
Living cost
66
66
66
66
Free-cash
350
362
294
379

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
€343
€306
€258
€326
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%.

-
-
-
450
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
128
-
450
-
income
26
-
90
-
total
26
-
90
-
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%.

322
450
-
-
total
-
-
-
-
Dividends
322
450
-
-
withholding
16
22
-
-
total
16
22
-
-
Income
450
450
450
450
Total tax
42
22
90
5
After tax
408
428
360
445
Living cost
102
102
102
102
Free-cash
306
326
258
343

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
-€38
-€53
-€38
-€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

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

-
-
-
450
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.

-
-
-
27
trade
-
-
-
-
total
-
-
-
97
Employee

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

504
-
450
-
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
-
27
-
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
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
65
-
-
income
-
68
-
-
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.

-
4
-
-
total
-
139
-
-
Dividends
-
312
-
-
withholding
-
74
-
-
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
-
78
-
-
Income
450
450
450
450
Total tax
112
217
97
97
After tax
338
233
353
353
Living cost
391
391
391
391
Free-cash
-53
-158
-38
-38

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
€46
€34
€46
-€79
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.

-
-
-
450
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.

-
-
-
27
trade
-
-
-
-
total
-
-
-
97
Employee

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

388
-
450
-
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
-
27
-
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
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62
450
-
-
trade
10
71
-
-
income
9
68
-
-
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.

1
4
-
-
total
22
145
-
-
Dividends
41
306
-
-
withholding
6
73
-
-
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
6
77
-
-
Income
450
450
450
450
Total tax
109
222
97
97
After tax
341
228
353
353
Living cost
307
307
307
307
Free-cash
34
-79
46
46

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
-€45
-€63
-€45
-€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

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

-
-
-
450
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.

-
-
-
27
trade
-
-
-
-
total
-
-
-
97
Employee

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

514
-
450
-
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
-
27
-
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
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
74
-
-
income
-
68
-
-
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.

-
4
-
-
total
-
148
-
-
Dividends
-
303
-
-
withholding
-
72
-
-
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
-
76
-
-
Income
450
450
450
450
Total tax
115
224
97
97
After tax
335
226
353
353
Living cost
398
398
398
398
Free-cash
-63
-172
-45
-45

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
-€111
-€159
-€111
-€240
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.

-
-
-
450
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.

-
-
-
27
trade
-
-
-
-
total
-
-
-
97
Employee

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

609
-
450
-
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
-
27
-
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
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
77
-
-
income
-
68
-
-
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.

-
4
-
-
total
-
151
-
-
Dividends
-
299
-
-
withholding
-
71
-
-
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
-
75
-
-
Income
450
450
450
450
Total tax
145
226
97
97
After tax
305
224
353
353
Living cost
464
464
464
464
Free-cash
-159
-240
-111
-111

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
€31
€21
€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
-
-
-
450
surtax
-
-
-
2
unemployment
-
-
-
2
health
-
-
-
32
pensions
-
-
-
90
income
-
-
-
65
other
-
-
-
-
total
-
-
-
191
Employee
341
-
372
-
unemployment
24
-
26
-
other
-
-
-
-
income
57
-
62
-
surtax
1
-
2
-
pensions
23
-
25
-
health
9
-
9
-
total
114
-
124
-
Employer
341
-
372
-
pensions
46
-
50
-
other
-
-
-
-
health
16
-
17
-
unemployment
11
-
12
-
total
73
-
79
-
Corporate
37
450
-
-
income
10
117
-
-
total
10
117
-
-
Dividends
27
333
-
-
withholding
4
50
-
-
total
4
50
-
-
Income
450
450
450
450
Total tax
201
167
203
191
After tax
249
283
247
259
Living cost
228
228
228
228
Free-cash
21
55
19
31

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
€35
€27
€23
€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
-
-
-
450
surtax
-
-
-
2
unemployment
-
-
-
2
health
-
-
-
32
pensions
-
-
-
90
income
-
-
-
65
other
-
-
-
-
total
-
-
-
191
Employee
335
-
372
-
unemployment
23
-
26
-
other
-
-
-
-
income
56
-
62
-
surtax
1
-
2
-
pensions
22
-
25
-
health
9
-
9
-
total
111
-
124
-
Employer
335
-
372
-
pensions
45
-
50
-
other
-
-
-
-
health
15
-
17
-
unemployment
11
-
12
-
total
71
-
79
-
Corporate
44
450
-
-
income
12
117
-
-
total
12
117
-
-
Dividends
33
333
-
-
withholding
5
50
-
-
total
5
50
-
-
Income
450
450
450
450
Total tax
199
167
203
191
After tax
251
283
247
259
Living cost
224
224
224
224
Free-cash
27
59
23
35

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
€110
€59
€60
€54
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
-
-
-
450
unemployment
-
-
-
7
health
-
-
-
32
pensions
-
-
-
45
income
-
-
-
55
total
-
-
-
139
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
377
-
unemployment
4
2
6
-
income
36
14
46
-
pensions
29
12
38
-
health
20
8
26
-
total
89
36
116
-
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
377
-
pensions
57
23
73
-
total
57
23
73
-
Corporate
103
312
-
-
income
9
28
-
-
total
9
28
-
-
Dividends
94
284
-
-
withholding
18
54
-
-
social contributions
17
54
-
-
total
35
108
-
-
Income
450
450
450
450
Total tax
190
195
189
139
After tax
260
255
261
311
Living cost
201
201
201
201
Free-cash
59
54
60
110

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
-€203
-€380
-€199
-€210
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
-
-
-
450
national
-
-
-
63
pensions
-
-
-
54
social contributions
-
-
-
5
municipal
-
-
-
40
total
-
-
-
162
Employee
761
-
389
-
municipal
94
-
42
-
national
146
-
65
-
pensions
30
-
16
-
total
270
-
123
-
Employer
761
-
389
-
pensions
61
-
31
-
social contributions
8
-
4
-
total
69
-
35
-
Corporate
-
450
-
-
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%.

-
90
-
-
total
-
90
-
-
Dividends
-
360
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
339
169
158
162
After tax
111
281
292
288
Living cost
491
491
491
491
Free-cash
-380
-210
-199
-203

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
-€213
-€343
-€213
-€262
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
-
-
-
450
social contributions
-
-
-
28
income
-
-
-
58
total
-
-
-
86
Employee
793
-
450
-
social contributions
66
-
28
-
income
150
-
58
-
total
216
-
86
-
Employer
793
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
income
-
56
-
-
total
-
56
-
-
Dividends
-
394
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
216
135
86
86
After tax
234
315
364
364
Living cost
577
577
577
577
Free-cash
-343
-262
-213
-213

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
-€180
-€451
-€205
-€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
-
-
-
450
national
-
-
-
79
regional
-
-
-
4
social contributions
-
-
-
116
municipal
-
-
-
3
total
-
-
-
202
Employee
901
-
450
-
municipal
5
-
2
-
national
156
-
69
-
social contributions
304
-
152
-
regional
8
-
4
-
total
473
-
227
-
Employer
901
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
18
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
84
-
-
total
-
84
-
-
Income
450
450
450
450
Total tax
473
210
227
202
After tax
-23
240
223
248
Living cost
428
428
428
428
Free-cash
-451
-188
-205
-180

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
-€28
-€113
-€52
-€36
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
-
-
-
450
national
-
-
-
79
regional
-
-
-
7
social contributions
-
-
-
116
municipal
-
-
-
3
total
-
-
-
205
Employee
562
-
450
-
municipal
3
-
2
-
national
89
-
69
-
social contributions
190
-
152
-
regional
8
-
6
-
total
290
-
229
-
Employer
562
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
290
213
229
205
After tax
160
237
221
245
Living cost
273
273
273
273
Free-cash
-113
-36
-52
-28

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