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
€ 600
per

Your estimated
City
free-cash

Andorra , Andorra
€163
€202
€179
€235
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
-
-
-
600
social contributions
-
-
-
132
income
-
-
-
-
total
-
-
-
132
Employee
326
-
519
-
social contributions
21
-
34
-
income
-
-
1
-
total
21
-
35
-
Employer
326
-
519
-
social contributions
50
-
81
-
total
50
-
81
-
Corporate
224
600
-
-
income
22
60
-
-
total
22
60
-
-
Dividends
201
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
93
60
116
132
After tax
507
540
484
468
Living cost
305
305
305
305
Free-cash
202
235
179
163

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
€10
€16
-€95
€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
-
-
-
600
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
46
total
-
-
-
267
Employee
443
404
466
-
unemployment
13
12
14
-
other
4
4
5
-
income
39
30
46
-
pensions
45
41
48
-
health
17
16
18
-
total
118
103
131
-
Employer
443
404
466
-
pensions
56
51
58
-
surtax
-
-
-
-
payroll
13
12
14
-
other
21
19
22
-
health
17
15
18
-
accident
6
5
6
-
unemployment
13
12
14
-
chamber of commerce
2
2
2
-
total
128
116
134
-
Corporate
38
80
427
-
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
20
107
-
total
10
20
107
-
Dividends
20
60
-
-
withholding
5
16
-
-
total
5
16
-
-
Income
600
600
600
600
Total tax
261
255
372
267
After tax
339
345
228
333
Living cost
323
323
323
323
Free-cash
16
22
-95
10

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
-€26
-€65
-€130
-€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
-
-
-
600
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
46
total
-
-
-
269
Employee
506
404
464
-
unemployment
15
12
14
-
other
5
4
5
-
income
58
30
46
-
pensions
52
41
48
-
health
20
16
18
-
total
150
103
131
-
Employer
506
404
464
-
pensions
64
51
58
-
surtax
2
2
2
-
payroll
15
12
14
-
other
24
19
22
-
health
19
15
18
-
accident
7
5
6
-
unemployment
15
12
14
-
chamber of commerce
2
2
2
-
total
148
118
136
-
Corporate
38
78
426
-
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
19
106
-
total
10
19
106
-
Dividends
-
58
-
-
withholding
-
16
-
-
total
-
16
-
-
Income
600
600
600
600
Total tax
308
256
373
269
After tax
292
344
227
331
Living cost
357
357
357
357
Free-cash
-65
-13
-130
-26

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
-€50
-€336
-€114
-€32
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
-
-
-
600
national
-
-
-
177
communal

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

-
-
-
32
social contributions
-
-
-
71
total
-
-
-
280
Employee

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

725
-
465
-
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
-
4
-
national
223
-
123
-
communal

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

38
-
24
-
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
-
35
-
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
-
22
-
total
355
-
208
-
Employer

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

725
-
465
-
surtax
82
-
53
-
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
-
41
-
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
-
29
-
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
-
6
-
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
-
7
-
total
211
-
136
-
Corporate
-
600
-
-
income
-
120
-
-
surtax
-
2
-
-
total
-
122
-
-
Dividends
-
478
-
-
withholding

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

-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
566
262
344
280
After tax
34
338
256
320
Living cost
370
370
370
370
Free-cash
-336
-32
-114
-50

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
€242
€277
€253
€339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
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
-
-
-
90
total
-
-
-
184
Employee
230
-
531
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
53
-
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
-
104
-
Employer
230
-
531
-
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
324
600
-
-
income
32
60
-
-
total
32
60
-
-
Dividends
292
540
-
-
withholding
15
27
-
-
total
15
27
-
-
Income
600
600
600
600
Total tax
149
87
173
184
After tax
451
513
427
416
Living cost
174
174
174
174
Free-cash
277
339
253
242

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
€283
€333
€294
€380
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
-
-
-
600
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
-
-
-
90
total
-
-
-
184
Employee
176
-
531
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
53
-
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
-
104
-
Employer
176
-
531
-
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
390
600
-
-
income
39
60
-
-
total
39
60
-
-
Dividends
351
540
-
-
withholding
18
27
-
-
total
18
27
-
-
Income
600
600
600
600
Total tax
134
87
173
184
After tax
466
513
427
416
Living cost
133
133
133
133
Free-cash
333
380
294
283

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
€233
€152
€177
€136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
23
total
-
-
-
132
Employee
779
779
779
-
income
85
72
79
-
social contributions
29
65
45
-
health
6
13
9
-
total
120
150
133
-
Employer
779
779
779
-
social contributions
29
65
45
-
health
7
14
10
-
total
36
79
55
-
Corporate
209
-
-
-
income
26
-
-
-
total
26
-
-
-
Dividends
183
-
-
-
withholding
31
-
-
-
total
31
-
-
-
Income
600
600
600
600
Total tax
213
229
188
132
After tax
387
371
412
468
Living cost
235
235
235
235
Free-cash
152
136
177
233

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
€139
€70
€83
€42
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
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
23
total
-
-
-
132
Employee
779
779
779
-
income
82
72
79
-
social contributions
38
65
45
-
health
8
13
9
-
total
128
150
133
-
Employer
779
779
779
-
social contributions
38
65
45
-
health
8
14
10
-
total
46
79
55
-
Corporate
98
-
-
-
income
12
-
-
-
total
12
-
-
-
Dividends
85
-
-
-
withholding
15
-
-
-
total
15
-
-
-
Income
600
600
600
600
Total tax
201
229
188
132
After tax
399
371
412
468
Living cost
329
329
329
329
Free-cash
70
42
83
139

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
€58
€97
€71
€179
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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
344
-
448
-
income
41
-
54
-
social contributions
22
-
29
-
health
46
-
60
-
solidarity contribution
-
-
-
-
total
109
-
143
-
Employer
344
-
448
-
social contributions
86
-
112
-
health
31
-
40
-
total
117
-
152
-
Corporate
139
600
-
-
income
26
114
-
-
total
26
114
-
-
Dividends
113
486
-
-
withholding
17
73
-
-
total
17
73
-
-
Income
600
600
600
600
Total tax
269
187
295
308
After tax
331
413
305
292
Living cost
234
234
234
234
Free-cash
97
179
71
58

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
€4
€22
€17
€125
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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
424
-
448
-
income
51
-
54
-
social contributions
28
-
29
-
health
57
-
60
-
solidarity contribution
-
-
-
-
total
136
-
143
-
Employer
424
-
448
-
social contributions
106
-
112
-
health
38
-
40
-
total
144
-
152
-
Corporate
32
600
-
-
income
6
114
-
-
total
6
114
-
-
Dividends
26
486
-
-
withholding
4
73
-
-
total
4
73
-
-
Income
600
600
600
600
Total tax
290
187
295
308
After tax
310
413
305
292
Living cost
288
288
288
288
Free-cash
22
125
17
4

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
-€101
-€1615
-€1615
-€1615
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
-
-
-
600
national
-
-
-
57
pensions
-
-
-
9
municipal
-
-
-
98
labour market
-
-
-
47
total
-
-
-
211
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
600
600
600
600
Total tax
1 725
1 725
1 725
211
After tax
-1 125
-1 125
-1 125
389
Living cost
490
490
490
490
Free-cash
-1 615
-1 615
-1 615
-101

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
€86
€172
€106
€235
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
-
-
-
600
health
-
-
-
78
pensions
-
-
-
120
income
-
-
-
71
total
-
-
-
269
Employee
287
-
448
-
unemployment
5
-
7
-
income
32
-
81
-
pensions
6
-
9
-
total
43
-
97
-
Employer
287
-
448
-
pensions
58
-
90
-
health
37
-
58
-
unemployment
2
-
4
-
total
97
-
152
-
Corporate
215
600
-
-
income
43
120
-
-
total
43
120
-
-
Dividends
172
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
183
120
249
269
After tax
417
480
351
331
Living cost
245
245
245
245
Free-cash
172
235
106
86

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
€74
-€33
-€20
€25
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

-
-
-
600
national
-
-
-
25
health
-
-
-
5
municipal
-
-
-
107
total
-
-
-
137
Employee
533
-
505
-
unemployment
8
-
8
-
municipal
87
-
83
-
national
9
-
7
-
pensions
36
-
34
-
health
4
-
4
-
total
144
-
136
-
Employer
533
-
505
-
pensions
92
-
88
-
health
4
-
4
-
accident
1
-
-
-
unemployment
3
-
3
-
total
100
-
95
-
Corporate
-
600
-
-
income
-
120
-
-
total
-
120
-
-
Dividends

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

-
360
-
-
municipal
-
65
-
-
national
-
1
-
-
total
-
66
-
-
Income
600
600
600
600
Total tax
244
186
231
137
After tax
356
414
369
463
Living cost
389
389
389
389
Free-cash
-33
25
-20
74

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
€47
€47
€52
-€9
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
172
social contributions
-
-
-
17
income
-
-
-
28
other
-
-
-
19
total
-
-
-
241
Employee
387
-
457
-
income
20
-
28
-
surtax
-
-
-
-
social contributions
11
-
13
-
pensions
44
-
52
-
total
75
-
93
-
Employer
387
-
457
-
pensions
64
-
75
-
social contributions
1
-
1
-
other
13
-
16
-
health
27
-
32
-
unemployment
16
-
19
-
total
121
-
143
-
Corporate
92
600
-
-
income
26
168
-
-
surtax
-
-
-
-
total
26
168
-
-
Dividends
66
432
-
-
withholding
8
55
-
-
social contributions
11
74
-
-
surtax
-
-
-
-
total
19
129
-
-
Income
600
600
600
600
Total tax
241
297
236
241
After tax
359
303
364
359
Living cost
312
312
312
312
Free-cash
47
-9
52
47

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
€12
€15
€17
-€44
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
172
social contributions
-
-
-
17
income
-
-
-
28
other
-
-
-
19
total
-
-
-
241
Employee
434
-
457
-
income
26
-
28
-
surtax
-
-
-
-
social contributions
12
-
13
-
pensions
49
-
52
-
total
87
-
93
-
Employer
434
-
457
-
pensions
71
-
75
-
social contributions
1
-
1
-
other
15
-
16
-
health
30
-
32
-
unemployment
18
-
19
-
total
135
-
143
-
Corporate
31
600
-
-
income
9
168
-
-
surtax
-
-
-
-
total
9
168
-
-
Dividends
22
432
-
-
withholding
3
55
-
-
social contributions
4
74
-
-
surtax
-
-
-
-
total
7
129
-
-
Income
600
600
600
600
Total tax
238
297
236
241
After tax
362
303
364
359
Living cost
347
347
347
347
Free-cash
15
-44
17
12

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
-€130
-€232
-€125
-€186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
172
social contributions
-
-
-
17
income
-
-
-
28
other
-
-
-
19
total
-
-
-
241
Employee
635
-
457
-
income
55
-
28
-
surtax
-
-
-
-
social contributions
18
-
13
-
pensions
72
-
52
-
total
145
-
93
-
Employer
635
-
457
-
pensions
104
-
75
-
social contributions
2
-
1
-
other
22
-
16
-
health
44
-
32
-
unemployment
26
-
19
-
total
198
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
343
297
236
241
After tax
257
303
364
359
Living cost
489
489
489
489
Free-cash
-232
-186
-125
-130

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
€528
€492
€414
€504
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%.

-
-
-
600
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
82
-
600
-
income
16
-
120
-
total
16
-
120
-
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%.

518
600
-
-
total
-
-
-
-
Dividends
518
600
-
-
withholding
26
30
-
-
total
26
30
-
-
Income
600
600
600
600
Total tax
42
30
120
6
After tax
558
570
480
594
Living cost
66
66
66
66
Free-cash
492
504
414
528

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
€492
€448
€378
€468
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%.

-
-
-
600
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
128
-
600
-
income
26
-
120
-
total
26
-
120
-
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%.

472
600
-
-
total
-
-
-
-
Dividends
472
600
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
600
600
600
600
Total tax
50
30
120
6
After tax
550
570
480
594
Living cost
102
102
102
102
Free-cash
448
468
378
492

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
€49
€53
€67
-€80
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
surtax

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

-
-
-
4
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
69
trade
-
-
-
18
total
-
-
-
160
Employee

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

504
-
600
-
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
-
69
-
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
-
4
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
112
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96
600
-
-
trade
14
86
-
-
income
14
90
-
-
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
5
-
-
total
31
183
-
-
Dividends
65
417
-
-
withholding
12
100
-
-
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
6
-
-
total
13
106
-
-
Income
600
600
600
600
Total tax
156
289
142
160
After tax
444
311
458
440
Living cost
391
391
391
391
Free-cash
53
-80
67
49

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
€131
€109
€151
-€1
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.

-
-
-
600
surtax

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

-
-
-
4
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
69
trade
-
-
-
20
total
-
-
-
162
Employee

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

388
-
600
-
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
-
69
-
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
-
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
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
212
600
-
-
trade
33
94
-
-
income
32
90
-
-
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.

2
5
-
-
total
69
191
-
-
Dividends
143
408
-
-
withholding
32
98
-
-
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
5
-
-
total
34
103
-
-
Income
600
600
600
600
Total tax
184
294
142
162
After tax
416
306
458
438
Living cost
307
307
307
307
Free-cash
109
-1
151
131

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
€39
€46
€60
-€96
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.

-
-
-
600
surtax

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

-
-
-
4
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
69
trade
-
-
-
21
total
-
-
-
163
Employee

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

514
-
600
-
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
-
69
-
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
-
4
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
115
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86
600
-
-
trade
14
99
-
-
income
13
90
-
-
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
5
-
-
total
30
196
-
-
Dividends
57
404
-
-
withholding
10
97
-
-
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
5
-
-
total
11
102
-
-
Income
600
600
600
600
Total tax
156
298
142
163
After tax
444
302
458
437
Living cost
398
398
398
398
Free-cash
46
-96
60
39

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
-€28
-€9
-€6
-€165
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.

-
-
-
600
surtax

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

-
-
-
4
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
69
trade
-
-
-
22
total
-
-
-
164
Employee

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

609
-
600
-
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
-
69
-
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
-
4
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
145
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
trade
-
103
-
-
income
-
90
-
-
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.

-
5
-
-
total
-
200
-
-
Dividends
-
400
-
-
withholding
-
96
-
-
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.

-
5
-
-
total
-
101
-
-
Income
600
600
600
600
Total tax
145
301
142
164
After tax
455
299
458
436
Living cost
464
464
464
464
Free-cash
-9
-165
-6
-28

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
€109
€115
€96
€149
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
-
-
-
600
surtax
-
-
-
6
unemployment
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
92
other
-
-
-
-
total
-
-
-
263
Employee
341
-
496
-
unemployment
24
-
34
-
other
-
-
-
-
income
57
-
86
-
surtax
1
-
5
-
pensions
23
-
33
-
health
9
-
13
-
total
114
-
171
-
Employer
341
-
496
-
pensions
46
-
66
-
other
-
-
-
-
health
16
-
23
-
unemployment
11
-
16
-
total
73
-
105
-
Corporate
187
600
-
-
income
49
156
-
-
total
49
156
-
-
Dividends
138
444
-
-
withholding
21
67
-
-
total
21
67
-
-
Income
600
600
600
600
Total tax
257
223
276
263
After tax
343
377
324
337
Living cost
228
228
228
228
Free-cash
115
149
96
109

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
€113
€121
€100
€153
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
-
-
-
600
surtax
-
-
-
6
unemployment
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
92
other
-
-
-
-
total
-
-
-
263
Employee
335
-
496
-
unemployment
23
-
34
-
other
-
-
-
-
income
56
-
86
-
surtax
1
-
5
-
pensions
22
-
33
-
health
9
-
13
-
total
111
-
171
-
Employer
335
-
496
-
pensions
45
-
66
-
other
-
-
-
-
health
15
-
23
-
unemployment
11
-
16
-
total
71
-
105
-
Corporate
194
600
-
-
income
51
156
-
-
total
51
156
-
-
Dividends
144
444
-
-
withholding
22
67
-
-
total
22
67
-
-
Income
600
600
600
600
Total tax
255
223
276
263
After tax
345
377
324
337
Living cost
224
224
224
224
Free-cash
121
153
100
113

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
€215
€142
€147
€137
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
-
-
-
600
unemployment
-
-
-
9
health
-
-
-
42
pensions
-
-
-
60
income
-
-
-
73
total
-
-
-
184
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
502
-
unemployment
4
2
8
-
income
36
14
61
-
pensions
29
12
50
-
health
20
8
35
-
total
89
36
154
-
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
502
-
pensions
57
23
98
-
total
57
23
98
-
Corporate
253
462
-
-
income
23
42
-
-
total
23
42
-
-
Dividends
230
420
-
-
withholding
44
80
-
-
social contributions
44
81
-
-
total
88
161
-
-
Income
600
600
600
600
Total tax
257
262
252
184
After tax
343
338
348
416
Living cost
201
201
201
201
Free-cash
142
137
147
215

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
-€117
-€230
-€112
-€117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
national
-
-
-
90
pensions
-
-
-
72
social contributions
-
-
-
6
municipal
-
-
-
58
total
-
-
-
226
Employee
761
-
519
-
municipal
94
-
60
-
national
146
-
93
-
pensions
30
-
21
-
total
270
-
174
-
Employer
761
-
519
-
pensions
61
-
41
-
social contributions
8
-
6
-
total
69
-
47
-
Corporate
-
600
-
-
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%.

-
120
-
-
total
-
120
-
-
Dividends
-
480
-
-
withholding
-
106
-
-
total
-
106
-
-
Income
600
600
600
600
Total tax
339
226
221
226
After tax
261
374
379
374
Living cost
491
491
491
491
Free-cash
-230
-117
-112
-117

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
-€110
-€193
-€110
-€157
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
-
-
-
600
social contributions
-
-
-
45
income
-
-
-
88
total
-
-
-
133
Employee
793
-
600
-
social contributions
66
-
45
-
income
150
-
88
-
total
216
-
133
-
Employer
793
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
216
180
133
133
After tax
384
420
467
467
Living cost
577
577
577
577
Free-cash
-193
-157
-110
-110

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
-€101
-€301
-€134
-€107
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
-
-
-
600
national
-
-
-
109
regional
-
-
-
6
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
273
Employee
901
-
600
-
municipal
5
-
3
-
national
156
-
96
-
social contributions
304
-
202
-
regional
8
-
5
-
total
473
-
306
-
Employer
901
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
473
279
306
273
After tax
127
321
294
327
Living cost
428
428
428
428
Free-cash
-301
-107
-134
-101

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
€51
€19
€18
€42
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
-
-
-
600
national
-
-
-
109
regional
-
-
-
9
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
276
Employee
562
-
600
-
municipal
3
-
3
-
national
89
-
96
-
social contributions
190
-
202
-
regional
8
-
8
-
total
290
-
309
-
Employer
562
-
600
-
total
-
-
-
-
Corporate
38
600
-
-
nationa
9
144
-
-
municipal
2
30
-
-
total
11
174
-
-
Dividends
27
426
-
-
withholding
7
111
-
-
total
7
111
-
-
Income
600
600
600
600
Total tax
308
285
309
276
After tax
292
315
291
324
Living cost
273
273
273
273
Free-cash
19
42
18
51

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