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
€ 650
per

Your estimated
City
free-cash

Andorra , Andorra
€200
€247
€218
€280
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
-
-
-
650
social contributions
-
-
-
143
income
-
-
-
2
total
-
-
-
145
Employee
326
-
563
-
social contributions
21
-
37
-
income
-
-
3
-
total
21
-
40
-
Employer
326
-
563
-
social contributions
50
-
87
-
total
50
-
87
-
Corporate
274
650
-
-
income
27
65
-
-
total
27
65
-
-
Dividends
246
585
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
98
65
127
145
After tax
552
585
523
505
Living cost
305
305
305
305
Free-cash
247
280
218
200

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
€33
€45
-€84
€49
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
-
-
-
650
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
59
total
-
-
-
294
Employee
443
404
505
-
unemployment
13
12
15
-
other
4
4
5
-
income
39
30
57
-
pensions
45
41
52
-
health
17
16
20
-
total
118
103
149
-
Employer
443
404
505
-
pensions
56
51
63
-
surtax
-
-
-
-
payroll
13
12
15
-
other
21
19
24
-
health
17
15
19
-
accident
6
5
7
-
unemployment
13
12
15
-
chamber of commerce
2
2
2
-
total
128
116
145
-
Corporate
80
130
466
-
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.

20
32
117
-
total
20
32
117
-
Dividends
60
97
-
-
withholding
16
27
-
-
total
16
27
-
-
Income
650
650
650
650
Total tax
282
278
411
294
After tax
368
372
239
356
Living cost
323
323
323
323
Free-cash
45
49
-84
33

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
-€3
-€15
-€118
€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
-
-
-
650
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
59
total
-
-
-
296
Employee
506
404
503
-
unemployment
15
12
15
-
other
5
4
5
-
income
58
30
57
-
pensions
52
41
52
-
health
20
16
19
-
total
150
103
148
-
Employer
506
404
503
-
pensions
64
51
63
-
surtax
2
2
2
-
payroll
15
12
15
-
other
24
19
24
-
health
19
15
19
-
accident
7
5
7
-
unemployment
15
12
15
-
chamber of commerce
2
2
2
-
total
148
118
147
-
Corporate
38
128
465
-
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
32
116
-
total
10
32
116
-
Dividends
-
96
-
-
withholding
-
26
-
-
total
-
26
-
-
Income
650
650
650
650
Total tax
308
279
411
296
After tax
342
371
239
354
Living cost
357
357
357
357
Free-cash
-15
14
-118
-3

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
-€30
-€286
-€96
-€4
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
-
-
-
650
national
-
-
-
195
communal

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

-
-
-
34
social contributions
-
-
-
82
total
-
-
-
311
Employee

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

725
-
503
-
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
-
137
-
communal

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

38
-
26
-
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
-
38
-
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
-
24
-
total
355
-
229
-
Employer

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

725
-
503
-
surtax
82
-
57
-
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
-
45
-
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
-
31
-
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
-
7
-
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
-
147
-
Corporate
-
650
-
-
income
-
130
-
-
surtax
-
3
-
-
total
-
133
-
-
Dividends
-
517
-
-
withholding

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

-
152
-
-
total
-
152
-
-
Income
650
650
650
650
Total tax
566
285
376
311
After tax
84
365
274
339
Living cost
370
370
370
370
Free-cash
-286
-4
-96
-30

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
€282
€318
€297
€381
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
-
-
-
650
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
53
income
-
-
-
98
total
-
-
-
193
Employee
231
-
580
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
58
-
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
-
109
-
Employer
231
-
580
-
pensions

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

26
-
39
-
health
16
-
24
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
46
-
69
-
Corporate
373
650
-
-
income
37
65
-
-
total
37
65
-
-
Dividends
336
585
-
-
withholding
17
29
-
-
total
17
29
-
-
Income
650
650
650
650
Total tax
157
94
178
193
After tax
493
556
472
457
Living cost
175
175
175
175
Free-cash
318
381
297
282

Estimated living cost  is €175 per week

€116
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
€324
€376
€339
€423
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
-
-
-
650
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
53
income
-
-
-
98
total
-
-
-
193
Employee
176
-
580
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
58
-
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
-
109
-
Employer
176
-
580
-
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
439
650
-
-
income
44
65
-
-
total
44
65
-
-
Dividends
395
585
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
650
650
650
650
Total tax
141
94
178
193
After tax
509
556
472
457
Living cost
133
133
133
133
Free-cash
376
423
339
324

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€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.
€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
€266
€188
€218
€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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
31
total
-
-
-
149
Employee
779
779
779
-
income
85
72
78
-
social contributions
29
65
49
-
health
6
13
10
-
total
120
150
137
-
Employer
779
779
779
-
social contributions
29
65
49
-
health
7
14
11
-
total
36
79
60
-
Corporate
259
-
-
-
income
32
-
-
-
total
32
-
-
-
Dividends
227
-
-
-
withholding
39
-
-
-
total
39
-
-
-
Income
650
650
650
650
Total tax
227
229
197
149
After tax
423
421
453
501
Living cost
235
235
235
235
Free-cash
188
186
218
266

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
€172
€107
€124
€92
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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
31
total
-
-
-
149
Employee
779
779
779
-
income
82
72
78
-
social contributions
38
65
49
-
health
8
13
10
-
total
128
150
137
-
Employer
779
779
779
-
social contributions
38
65
49
-
health
8
14
11
-
total
46
79
60
-
Corporate
148
-
-
-
income
18
-
-
-
total
18
-
-
-
Dividends
129
-
-
-
withholding
22
-
-
-
total
22
-
-
-
Income
650
650
650
650
Total tax
214
229
197
149
After tax
436
421
453
501
Living cost
329
329
329
329
Free-cash
107
92
124
172

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
€82
€131
€96
€214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
344
-
485
-
income
41
-
58
-
social contributions
22
-
32
-
health
46
-
65
-
solidarity contribution
-
-
-
-
total
109
-
155
-
Employer
344
-
485
-
social contributions
86
-
121
-
health
31
-
44
-
total
117
-
165
-
Corporate
189
650
-
-
income
36
123
-
-
total
36
123
-
-
Dividends
153
527
-
-
withholding
23
79
-
-
total
23
79
-
-
Income
650
650
650
650
Total tax
285
202
320
334
After tax
365
448
330
316
Living cost
234
234
234
234
Free-cash
131
214
96
82

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
€28
€56
€42
€160
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
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
424
-
485
-
income
51
-
58
-
social contributions
28
-
32
-
health
57
-
65
-
solidarity contribution
-
-
-
-
total
136
-
155
-
Employer
424
-
485
-
social contributions
106
-
121
-
health
38
-
44
-
total
144
-
165
-
Corporate
82
650
-
-
income
16
123
-
-
total
16
123
-
-
Dividends
67
527
-
-
withholding
10
79
-
-
total
10
79
-
-
Income
650
650
650
650
Total tax
306
202
320
334
After tax
344
448
330
316
Living cost
288
288
288
288
Free-cash
56
160
42
28

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
-€71
-€1564
-€1564
-€1564
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
-
-
-
650
national
-
-
-
63
pensions
-
-
-
9
municipal
-
-
-
109
labour market
-
-
-
51
total
-
-
-
232
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
650
650
650
650
Total tax
1 725
1 725
1 725
232
After tax
-1 075
-1 075
-1 075
418
Living cost
489
489
489
489
Free-cash
-1 564
-1 564
-1 564
-71

Estimated living cost  is €489 per week

€335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
€109
€212
€131
€275
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
-
-
-
650
health
-
-
-
84
pensions
-
-
-
130
income
-
-
-
82
total
-
-
-
296
Employee
287
-
486
-
unemployment
5
-
8
-
income
32
-
92
-
pensions
6
-
10
-
total
43
-
110
-
Employer
287
-
486
-
pensions
58
-
97
-
health
37
-
63
-
unemployment
2
-
4
-
total
97
-
164
-
Corporate
265
650
-
-
income
53
130
-
-
total
53
130
-
-
Dividends
212
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
193
130
274
296
After tax
457
520
376
354
Living cost
245
245
245
245
Free-cash
212
275
131
109

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
€105
€12
€8
€58
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

-
-
-
650
national
-
-
-
34
health
-
-
-
6
municipal
-
-
-
116
total
-
-
-
156
Employee
533
-
547
-
unemployment
8
-
8
-
municipal
87
-
90
-
national
9
-
10
-
pensions
36
-
37
-
health
4
-
4
-
total
144
-
149
-
Employer
533
-
547
-
pensions
92
-
95
-
health
4
-
4
-
accident
1
-
1
-
unemployment
3
-
4
-
total
100
-
104
-
Corporate
16
650
-
-
income
3
130
-
-
total
3
130
-
-
Dividends

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

10
390
-
-
municipal
2
70
-
-
national
-
3
-
-
total
2
73
-
-
Income
650
650
650
650
Total tax
249
203
253
156
After tax
401
447
397
494
Living cost
389
389
389
389
Free-cash
12
58
8
105

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
€76
€71
€81
€16
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
185
social contributions
-
-
-
19
income
-
-
-
32
other
-
-
-
20
total
-
-
-
262
Employee
387
-
495
-
income
20
-
33
-
surtax
-
-
-
-
social contributions
11
-
14
-
pensions
44
-
56
-
total
75
-
103
-
Employer
387
-
495
-
pensions
64
-
81
-
social contributions
1
-
1
-
other
13
-
17
-
health
27
-
35
-
unemployment
16
-
20
-
total
121
-
154
-
Corporate
142
650
-
-
income
40
182
-
-
surtax
-
-
-
-
total
40
182
-
-
Dividends
102
468
-
-
withholding
13
60
-
-
social contributions
18
80
-
-
surtax
-
-
-
-
total
31
140
-
-
Income
650
650
650
650
Total tax
267
322
257
262
After tax
383
328
393
388
Living cost
312
312
312
312
Free-cash
71
16
81
76

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
€41
€41
€46
-€19
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
185
social contributions
-
-
-
19
income
-
-
-
32
other
-
-
-
20
total
-
-
-
262
Employee
434
-
495
-
income
26
-
33
-
surtax
-
-
-
-
social contributions
12
-
14
-
pensions
49
-
56
-
total
87
-
103
-
Employer
434
-
495
-
pensions
71
-
81
-
social contributions
1
-
1
-
other
15
-
17
-
health
30
-
35
-
unemployment
18
-
20
-
total
135
-
154
-
Corporate
81
650
-
-
income
23
182
-
-
surtax
-
-
-
-
total
23
182
-
-
Dividends
58
468
-
-
withholding
7
60
-
-
social contributions
10
80
-
-
surtax
-
-
-
-
total
17
140
-
-
Income
650
650
650
650
Total tax
262
322
257
262
After tax
388
328
393
388
Living cost
347
347
347
347
Free-cash
41
-19
46
41

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
-€101
-€182
-€96
-€161
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
185
social contributions
-
-
-
19
income
-
-
-
32
other
-
-
-
20
total
-
-
-
262
Employee
635
-
495
-
income
55
-
33
-
surtax
-
-
-
-
social contributions
18
-
14
-
pensions
72
-
56
-
total
145
-
103
-
Employer
635
-
495
-
pensions
104
-
81
-
social contributions
2
-
1
-
other
22
-
17
-
health
44
-
35
-
unemployment
26
-
20
-
total
198
-
154
-
Corporate
-
650
-
-
income
-
182
-
-
surtax
-
-
-
-
total
-
182
-
-
Dividends
-
468
-
-
withholding
-
60
-
-
social contributions
-
80
-
-
surtax
-
-
-
-
total
-
140
-
-
Income
650
650
650
650
Total tax
343
322
257
262
After tax
307
328
393
388
Living cost
489
489
489
489
Free-cash
-182
-161
-96
-101

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
€579
€541
€455
€552
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%.

-
-
-
650
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
-
650
-
income
16
-
130
-
total
16
-
130
-
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%.

568
650
-
-
total
-
-
-
-
Dividends
568
650
-
-
withholding
28
33
-
-
total
28
33
-
-
Income
650
650
650
650
Total tax
44
33
130
6
After tax
606
617
520
644
Living cost
65
65
65
65
Free-cash
541
552
455
579

Estimated living cost  is €65 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
€542
€497
€418
€515
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%.

-
-
-
650
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
127
-
650
-
income
25
-
130
-
total
25
-
130
-
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%.

523
650
-
-
total
-
-
-
-
Dividends
523
650
-
-
withholding
26
33
-
-
total
26
33
-
-
Income
650
650
650
650
Total tax
51
33
130
6
After tax
599
617
520
644
Living cost
102
102
102
102
Free-cash
497
515
418
542

Estimated living cost  is €102 per week

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

Additional information

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

Berlin , Germany
€75
€79
€101
-€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

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

-
-
-
650
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
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.

-
-
-
84
trade
-
-
-
26
total
-
-
-
184
Employee

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

504
-
650
-
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
-
84
-
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
-
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
-
158
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
146
650
-
-
trade
21
93
-
-
income
22
98
-
-
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
46
198
-
-
Dividends
100
451
-
-
withholding
21
109
-
-
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
22
115
-
-
Income
650
650
650
650
Total tax
180
313
158
184
After tax
470
337
492
466
Living cost
391
391
391
391
Free-cash
79
-54
101
75

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Dresden , Germany
€157
€135
€185
€23
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.

-
-
-
650
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
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.

-
-
-
84
trade
-
-
-
28
total
-
-
-
186
Employee

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

388
-
650
-
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
-
84
-
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
-
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
-
158
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
262
650
-
-
trade
41
102
-
-
income
39
98
-
-
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
84
207
-
-
Dividends
178
442
-
-
withholding
41
107
-
-
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
6
-
-
total
43
113
-
-
Income
650
650
650
650
Total tax
208
320
158
186
After tax
442
330
492
464
Living cost
307
307
307
307
Free-cash
135
23
185
157

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
€65
€72
€94
-€72
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.

-
-
-
650
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
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.

-
-
-
84
trade
-
-
-
29
total
-
-
-
187
Employee

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

514
-
650
-
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
-
84
-
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
-
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
-
158
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
136
650
-
-
trade
22
107
-
-
income
20
98
-
-
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
45
212
-
-
Dividends
90
438
-
-
withholding
19
106
-
-
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
20
112
-
-
Income
650
650
650
650
Total tax
180
324
158
187
After tax
470
326
492
463
Living cost
398
398
398
398
Free-cash
72
-72
94
65

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
-€3
€23
€28
-€140
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.

-
-
-
650
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
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.

-
-
-
84
trade
-
-
-
31
total
-
-
-
189
Employee

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

609
-
650
-
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
-
84
-
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
-
5
-
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
-
158
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41
650
-
-
trade
7
111
-
-
income
6
98
-
-
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.

-
5
-
-
total
15
216
-
-
Dividends
26
433
-
-
withholding
3
104
-
-
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.

-
6
-
-
total
3
110
-
-
Income
650
650
650
650
Total tax
163
326
158
189
After tax
487
324
492
461
Living cost
464
464
464
464
Free-cash
23
-140
28
-3

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
€134
€147
€119
€181
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
-
-
-
650
surtax
-
-
-
8
unemployment
-
-
-
2
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
102
other
-
-
-
-
total
-
-
-
288
Employee
341
-
537
-
unemployment
24
-
37
-
other
-
-
-
-
income
57
-
96
-
surtax
1
-
7
-
pensions
23
-
36
-
health
9
-
14
-
total
114
-
190
-
Employer
341
-
537
-
pensions
46
-
72
-
other
-
-
-
-
health
16
-
24
-
unemployment
11
-
17
-
total
73
-
113
-
Corporate
237
650
-
-
income
62
169
-
-
total
62
169
-
-
Dividends
175
481
-
-
withholding
26
72
-
-
total
26
72
-
-
Income
650
650
650
650
Total tax
275
241
303
288
After tax
375
409
347
362
Living cost
228
228
228
228
Free-cash
147
181
119
134

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
€138
€153
€123
€185
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
-
-
-
650
surtax
-
-
-
8
unemployment
-
-
-
2
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
102
other
-
-
-
-
total
-
-
-
288
Employee
335
-
537
-
unemployment
23
-
37
-
other
-
-
-
-
income
56
-
96
-
surtax
1
-
7
-
pensions
22
-
36
-
health
9
-
14
-
total
111
-
190
-
Employer
335
-
537
-
pensions
45
-
72
-
other
-
-
-
-
health
15
-
24
-
unemployment
11
-
17
-
total
71
-
113
-
Corporate
244
650
-
-
income
64
169
-
-
total
64
169
-
-
Dividends
181
481
-
-
withholding
27
72
-
-
total
27
72
-
-
Income
650
650
650
650
Total tax
273
241
303
288
After tax
377
409
347
362
Living cost
224
224
224
224
Free-cash
153
185
123
138

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
€250
€172
€177
€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
-
-
-
650
unemployment
-
-
-
10
health
-
-
-
45
pensions
-
-
-
65
income
-
-
-
79
total
-
-
-
199
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
115
544
-
unemployment
4
2
8
-
income
35
14
66
-
pensions
29
12
54
-
health
20
8
38
-
total
88
36
166
-
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
115
544
-
pensions
57
23
106
-
total
57
23
106
-
Corporate
303
512
-
-
income
27
46
-
-
total
27
46
-
-
Dividends
276
466
-
-
withholding
52
89
-
-
social contributions
53
90
-
-
total
105
179
-
-
Income
650
650
650
650
Total tax
277
284
272
199
After tax
373
366
378
451
Living cost
201
201
201
201
Free-cash
172
165
177
250

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
-€90
-€181
-€84
-€86
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
-
-
-
650
national
-
-
-
99
pensions
-
-
-
78
social contributions
-
-
-
7
municipal
-
-
-
64
total
-
-
-
248
Employee
762
-
562
-
municipal
94
-
66
-
national
146
-
103
-
pensions
30
-
22
-
total
270
-
191
-
Employer
762
-
562
-
pensions
61
-
45
-
social contributions
8
-
6
-
total
69
-
51
-
Corporate
-
650
-
-
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%.

-
130
-
-
total
-
130
-
-
Dividends
-
520
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
339
244
242
248
After tax
311
406
408
402
Living cost
492
492
492
492
Free-cash
-181
-86
-84
-90

Estimated living cost  is €492 per week

€334
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
-€75
-€143
-€75
-€122
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
-
-
-
650
social contributions
-
-
-
50
income
-
-
-
98
total
-
-
-
148
Employee
793
-
650
-
social contributions
66
-
50
-
income
150
-
98
-
total
216
-
148
-
Employer
793
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
income
-
81
-
-
total
-
81
-
-
Dividends
-
569
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
216
195
148
148
After tax
434
455
502
502
Living cost
577
577
577
577
Free-cash
-143
-122
-75
-75

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
-€75
-€251
-€111
-€81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
national
-
-
-
119
regional
-
-
-
7
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
297
Employee
901
-
650
-
municipal
5
-
3
-
national
156
-
105
-
social contributions
304
-
219
-
regional
8
-
6
-
total
473
-
333
-
Employer
901
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
25
-
-
total
-
181
-
-
Dividends
-
469
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
650
650
650
650
Total tax
473
303
333
297
After tax
177
347
317
353
Living cost
428
428
428
428
Free-cash
-251
-81
-111
-75

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
€77
€46
€41
€69
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
-
-
-
650
national
-
-
-
119
regional
-
-
-
10
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
300
Employee
562
-
650
-
municipal
3
-
3
-
national
89
-
105
-
social contributions
190
-
219
-
regional
8
-
9
-
total
290
-
336
-
Employer
562
-
650
-
total
-
-
-
-
Corporate
88
650
-
-
nationa
21
156
-
-
municipal
4
32
-
-
total
25
188
-
-
Dividends
62
462
-
-
withholding
16
120
-
-
total
16
120
-
-
Income
650
650
650
650
Total tax
331
308
336
300
After tax
319
342
314
350
Living cost
273
273
273
273
Free-cash
46
69
41
77

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