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
€ 850
per

Your estimated
City
free-cash

Andorra , Andorra
€348
€427
€372
€460
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
-
-
-
850
social contributions
-
-
-
187
income
-
-
-
10
total
-
-
-
197
Employee
326
-
736
-
social contributions
21
-
48
-
income
-
-
11
-
total
21
-
59
-
Employer
326
-
736
-
social contributions
50
-
114
-
total
50
-
114
-
Corporate
474
850
-
-
income
47
85
-
-
total
47
85
-
-
Dividends
426
765
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
118
85
173
197
After tax
732
765
677
653
Living cost
305
305
305
305
Free-cash
427
460
372
348

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
€130
€153
-€42
€158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
65
chamber of commerce
-
-
-
3
pensions
-
-
-
157
income
-
-
-
110
total
-
-
-
397
Employee
443
404
660
-
unemployment
13
12
20
-
other
4
4
7
-
income
39
30
102
-
pensions
45
41
68
-
health
17
16
26
-
total
118
103
223
-
Employer
443
404
660
-
pensions
56
51
83
-
surtax
-
-
-
-
payroll
13
12
20
-
other
21
19
31
-
health
17
15
25
-
accident
6
5
9
-
unemployment
13
12
20
-
chamber of commerce
2
2
3
-
total
128
116
191
-
Corporate
280
330
622
-
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.

70
82
155
-
total
70
82
155
-
Dividends
210
247
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
850
850
850
850
Total tax
374
369
569
397
After tax
476
481
281
453
Living cost
323
323
323
323
Free-cash
153
158
-42
130

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
€94
€106
-€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
-
-
-
850
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
65
chamber of commerce
-
-
-
3
pensions
-
-
-
157
income
-
-
-
110
total
-
-
-
399
Employee
506
404
659
-
unemployment
15
12
20
-
other
5
4
7
-
income
58
30
101
-
pensions
52
41
67
-
health
20
16
25
-
total
150
103
220
-
Employer
506
404
659
-
pensions
64
51
83
-
surtax
2
2
2
-
payroll
15
12
20
-
other
24
19
31
-
health
19
15
25
-
accident
7
5
9
-
unemployment
15
12
20
-
chamber of commerce
2
2
3
-
total
148
118
193
-
Corporate
196
328
620
-
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.

49
82
155
-
total
49
82
155
-
Dividends
147
246
-
-
withholding
40
68
-
-
total
40
68
-
-
Income
850
850
850
850
Total tax
387
371
568
399
After tax
463
479
282
451
Living cost
357
357
357
357
Free-cash
106
122
-75
94

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
€46
-€86
-€28
€108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
national
-
-
-
266
communal

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

-
-
-
44
social contributions
-
-
-
124
total
-
-
-
434
Employee

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

725
-
658
-
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
-
6
-
national
223
-
197
-
communal

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

38
-
34
-
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
-
49
-
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
-
31
-
total
355
-
317
-
Employer

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

725
-
658
-
surtax
82
-
75
-
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
-
58
-
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
-
40
-
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
-
9
-
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
-
10
-
total
211
-
192
-
Corporate
-
850
-
-
income
-
170
-
-
surtax
-
3
-
-
total
-
173
-
-
Dividends
-
677
-
-
withholding

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

-
199
-
-
total
-
199
-
-
Income
850
850
850
850
Total tax
566
372
509
434
After tax
284
478
341
416
Living cost
370
370
370
370
Free-cash
-86
108
-28
46

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
€455
€491
€478
€553
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
-
-
-
850
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
-
-
-
127
total
-
-
-
221
Employee
230
-
781
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
78
-
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
-
129
-
Employer
230
-
781
-
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
574
850
-
-
income
57
85
-
-
total
57
85
-
-
Dividends
517
765
-
-
withholding
26
38
-
-
total
26
38
-
-
Income
850
850
850
850
Total tax
185
123
198
221
After tax
665
727
652
629
Living cost
174
174
174
174
Free-cash
491
553
478
455

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
€496
€547
€519
€594
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
-
-
-
850
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
-
-
-
127
total
-
-
-
221
Employee
176
-
781
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
78
-
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
-
129
-
Employer
176
-
781
-
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
640
850
-
-
income
64
85
-
-
total
64
85
-
-
Dividends
576
765
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
850
850
850
850
Total tax
170
123
198
221
After tax
680
727
652
629
Living cost
133
133
133
133
Free-cash
547
594
519
496

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
€389
€334
€388
€386
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
-
-
-
850
health
-
-
-
22
social contributions
-
-
-
133
income
-
-
-
71
total
-
-
-
226
Employee
779
779
779
-
income
85
72
72
-
social contributions
29
65
64
-
health
6
13
13
-
total
120
150
149
-
Employer
779
779
779
-
social contributions
29
65
64
-
health
7
14
14
-
total
36
79
78
-
Corporate
459
-
-
-
income
57
-
-
-
total
57
-
-
-
Dividends
402
-
-
-
withholding
68
-
-
-
total
68
-
-
-
Income
850
850
850
850
Total tax
281
229
227
226
After tax
569
621
623
624
Living cost
235
235
235
235
Free-cash
334
386
388
389

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
€295
€252
€294
€292
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
-
-
-
850
health
-
-
-
22
social contributions
-
-
-
133
income
-
-
-
71
total
-
-
-
226
Employee
779
779
779
-
income
82
72
72
-
social contributions
38
65
64
-
health
8
13
13
-
total
128
150
149
-
Employer
779
779
779
-
social contributions
38
65
64
-
health
8
14
14
-
total
46
79
78
-
Corporate
348
-
-
-
income
43
-
-
-
total
43
-
-
-
Dividends
304
-
-
-
withholding
52
-
-
-
total
52
-
-
-
Income
850
850
850
850
Total tax
269
229
227
226
After tax
581
621
623
624
Living cost
329
329
329
329
Free-cash
252
292
294
295

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
€180
€269
€197
€351
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
-
-
-
850
health
-
-
-
115
social contributions
-
-
-
248
income
-
-
-
73
solidarity contribution
-
-
-
-
total
-
-
-
436
Employee
344
-
634
-
income
41
-
76
-
social contributions
22
-
41
-
health
46
-
86
-
solidarity contribution
-
-
-
-
total
109
-
203
-
Employer
344
-
634
-
social contributions
86
-
159
-
health
31
-
57
-
total
117
-
216
-
Corporate
389
850
-
-
income
74
162
-
-
total
74
162
-
-
Dividends
315
688
-
-
withholding
47
103
-
-
total
47
103
-
-
Income
850
850
850
850
Total tax
347
265
419
436
After tax
503
585
431
414
Living cost
234
234
234
234
Free-cash
269
351
197
180

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
€126
€194
€143
€297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
health
-
-
-
115
social contributions
-
-
-
248
income
-
-
-
73
solidarity contribution
-
-
-
-
total
-
-
-
436
Employee
424
-
634
-
income
51
-
76
-
social contributions
28
-
41
-
health
57
-
86
-
solidarity contribution
-
-
-
-
total
136
-
203
-
Employer
424
-
634
-
social contributions
106
-
159
-
health
38
-
57
-
total
144
-
216
-
Corporate
282
850
-
-
income
54
162
-
-
total
54
162
-
-
Dividends
228
688
-
-
withholding
34
103
-
-
total
34
103
-
-
Income
850
850
850
850
Total tax
368
265
419
436
After tax
482
585
431
414
Living cost
288
288
288
288
Free-cash
194
297
143
126

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
€44
-€1365
-€1365
-€1365
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
-
-
-
850
national
-
-
-
88
pensions
-
-
-
9
municipal
-
-
-
152
labour market
-
-
-
67
total
-
-
-
316
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
850
850
850
850
Total tax
1 725
1 725
1 725
316
After tax
-875
-875
-875
534
Living cost
490
490
490
490
Free-cash
-1 365
-1 365
-1 365
44

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
€211
€372
€245
€435
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
-
-
-
850
health
-
-
-
110
pensions
-
-
-
170
income
-
-
-
114
total
-
-
-
394
Employee
287
-
635
-
unemployment
5
-
10
-
income
32
-
122
-
pensions
6
-
13
-
total
43
-
145
-
Employer
287
-
635
-
pensions
58
-
127
-
health
37
-
83
-
unemployment
2
-
5
-
total
97
-
215
-
Corporate
465
850
-
-
income
93
170
-
-
total
93
170
-
-
Dividends
372
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
233
170
360
394
After tax
617
680
490
456
Living cost
245
245
245
245
Free-cash
372
435
245
211

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
€233
€151
€107
€188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
national
-
-
-
68
health
-
-
-
9
municipal
-
-
-
151
total
-
-
-
228
Employee
533
-
715
-
unemployment
8
-
11
-
municipal
87
-
117
-
national
9
-
35
-
pensions
36
-
48
-
health
4
-
7
-
total
144
-
218
-
Employer
533
-
715
-
pensions
92
-
124
-
health
4
-
6
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
136
-
Corporate
216
850
-
-
income
43
170
-
-
total
43
170
-
-
Dividends

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

130
510
-
-
municipal
23
92
-
-
national
-
11
-
-
total
23
103
-
-
Income
850
850
850
850
Total tax
310
273
354
228
After tax
540
577
496
622
Living cost
389
389
389
389
Free-cash
151
188
107
233

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
€182
€172
€187
€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
-
-
-
850
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
241
social contributions
-
-
-
24
income
-
-
-
58
other
-
-
-
26
total
-
-
-
356
Employee
387
-
648
-
income
20
-
59
-
surtax
-
-
-
-
social contributions
11
-
18
-
pensions
44
-
73
-
total
75
-
150
-
Employer
387
-
648
-
pensions
64
-
106
-
social contributions
1
-
2
-
other
13
-
22
-
health
27
-
45
-
unemployment
16
-
26
-
total
121
-
201
-
Corporate
342
850
-
-
income
96
238
-
-
surtax
-
-
-
-
total
96
238
-
-
Dividends
246
612
-
-
withholding
32
78
-
-
social contributions
42
105
-
-
surtax
-
-
-
-
total
74
183
-
-
Income
850
850
850
850
Total tax
366
421
351
356
After tax
484
429
499
494
Living cost
312
312
312
312
Free-cash
172
117
187
182

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
€147
€141
€152
€82
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
-
-
-
850
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
241
social contributions
-
-
-
24
income
-
-
-
58
other
-
-
-
26
total
-
-
-
356
Employee
434
-
648
-
income
26
-
59
-
surtax
-
-
-
-
social contributions
12
-
18
-
pensions
49
-
73
-
total
87
-
150
-
Employer
434
-
648
-
pensions
71
-
106
-
social contributions
1
-
2
-
other
15
-
22
-
health
30
-
45
-
unemployment
18
-
26
-
total
135
-
201
-
Corporate
281
850
-
-
income
79
238
-
-
surtax
-
-
-
-
total
79
238
-
-
Dividends
202
612
-
-
withholding
26
78
-
-
social contributions
35
105
-
-
surtax
-
-
-
-
total
61
183
-
-
Income
850
850
850
850
Total tax
362
421
351
356
After tax
488
429
499
494
Living cost
347
347
347
347
Free-cash
141
82
152
147

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
€5
€9
€10
-€60
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
-
-
-
850
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
241
social contributions
-
-
-
24
income
-
-
-
58
other
-
-
-
26
total
-
-
-
356
Employee
635
-
648
-
income
55
-
59
-
surtax
-
-
-
-
social contributions
18
-
18
-
pensions
72
-
73
-
total
145
-
150
-
Employer
635
-
648
-
pensions
104
-
106
-
social contributions
2
-
2
-
other
22
-
22
-
health
44
-
45
-
unemployment
26
-
26
-
total
198
-
201
-
Corporate
17
850
-
-
income
5
238
-
-
surtax
-
-
-
-
total
5
238
-
-
Dividends
12
612
-
-
withholding
2
78
-
-
social contributions
2
105
-
-
surtax
-
-
-
-
total
4
183
-
-
Income
850
850
850
850
Total tax
352
421
351
356
After tax
498
429
499
494
Living cost
489
489
489
489
Free-cash
9
-60
10
5

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
€775
€730
€614
€741
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%.

-
-
-
850
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
82
-
850
-
income
16
-
170
-
total
16
-
170
-
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%.

768
850
-
-
total
-
-
-
-
Dividends
768
850
-
-
withholding
38
43
-
-
total
38
43
-
-
Income
850
850
850
850
Total tax
54
43
170
9
After tax
796
807
680
841
Living cost
66
66
66
66
Free-cash
730
741
614
775

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
€739
€686
€578
€705
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%.

-
-
-
850
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
128
-
850
-
income
26
-
170
-
total
26
-
170
-
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%.

722
850
-
-
total
-
-
-
-
Dividends
722
850
-
-
withholding
36
43
-
-
total
36
43
-
-
Income
850
850
850
850
Total tax
62
43
170
9
After tax
788
807
680
841
Living cost
102
102
102
102
Free-cash
686
705
578
739

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
€178
€181
€232
€47
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.

-
-
-
850
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
54
total
-
-
-
281
Employee

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

504
-
850
-
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
-
150
-
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
-
8
-
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
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
346
850
-
-
trade
50
122
-
-
income
52
128
-
-
chamber of commerce
2
3
-
-
surtax

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

3
7
-
-
total
107
260
-
-
Dividends
239
591
-
-
withholding
56
144
-
-
surtax

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

3
8
-
-
total
59
152
-
-
Income
850
850
850
850
Total tax
278
412
227
281
After tax
572
438
623
569
Living cost
391
391
391
391
Free-cash
181
47
232
178

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
€256
€235
€316
€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

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

-
-
-
850
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
60
total
-
-
-
287
Employee

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

388
-
850
-
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
-
150
-
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
-
8
-
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
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
462
850
-
-
trade
73
134
-
-
income
69
128
-
-
chamber of commerce
2
3
-
-
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
7
-
-
total
148
272
-
-
Dividends
314
579
-
-
withholding
75
141
-
-
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
8
-
-
total
79
149
-
-
Income
850
850
850
850
Total tax
308
421
227
287
After tax
542
429
623
563
Living cost
307
307
307
307
Free-cash
235
122
316
256

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
€163
€171
€225
€27
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.

-
-
-
850
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
62
total
-
-
-
289
Employee

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

514
-
850
-
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
-
150
-
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
-
8
-
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
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
336
850
-
-
trade
55
140
-
-
income
50
128
-
-
chamber of commerce
2
3
-
-
surtax

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

3
7
-
-
total
110
278
-
-
Dividends
226
573
-
-
withholding
53
139
-
-
surtax

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

3
8
-
-
total
56
147
-
-
Income
850
850
850
850
Total tax
281
425
227
289
After tax
569
425
623
561
Living cost
398
398
398
398
Free-cash
171
27
225
163

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
€94
€122
€159
-€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

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

-
-
-
850
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
65
total
-
-
-
292
Employee

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

609
-
850
-
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
-
150
-
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
-
8
-
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
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
241
850
-
-
trade
41
146
-
-
income
36
128
-
-
chamber of commerce
2
3
-
-
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
7
-
-
total
81
284
-
-
Dividends
160
567
-
-
withholding
36
138
-
-
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
8
-
-
total
38
146
-
-
Income
850
850
850
850
Total tax
264
430
227
292
After tax
586
420
623
558
Living cost
464
464
464
464
Free-cash
122
-44
159
94

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
€226
€273
€209
€307
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
-
-
-
850
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
income
-
-
-
148
other
-
-
-
-
total
-
-
-
396
Employee
341
-
702
-
unemployment
24
-
49
-
other
-
-
-
-
income
57
-
137
-
surtax
1
-
14
-
pensions
23
-
47
-
health
9
-
18
-
total
114
-
265
-
Employer
341
-
702
-
pensions
46
-
94
-
other
-
-
-
-
health
16
-
32
-
unemployment
11
-
22
-
total
73
-
148
-
Corporate
437
850
-
-
income
114
221
-
-
total
114
221
-
-
Dividends
323
629
-
-
withholding
48
94
-
-
total
48
94
-
-
Income
850
850
850
850
Total tax
349
315
413
396
After tax
501
535
437
454
Living cost
228
228
228
228
Free-cash
273
307
209
226

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
€230
€279
€213
€311
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
-
-
-
850
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
income
-
-
-
148
other
-
-
-
-
total
-
-
-
396
Employee
335
-
702
-
unemployment
23
-
49
-
other
-
-
-
-
income
56
-
137
-
surtax
1
-
14
-
pensions
22
-
47
-
health
9
-
18
-
total
111
-
265
-
Employer
335
-
702
-
pensions
45
-
94
-
other
-
-
-
-
health
15
-
32
-
unemployment
11
-
22
-
total
71
-
148
-
Corporate
444
850
-
-
income
116
221
-
-
total
116
221
-
-
Dividends
329
629
-
-
withholding
49
94
-
-
total
49
94
-
-
Income
850
850
850
850
Total tax
347
315
413
396
After tax
503
535
437
454
Living cost
224
224
224
224
Free-cash
279
311
213
230

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
€387
€283
€291
€278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
unemployment
-
-
-
13
health
-
-
-
60
pensions
-
-
-
85
income
-
-
-
104
total
-
-
-
262
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
711
-
unemployment
4
2
11
-
income
36
14
87
-
pensions
29
12
71
-
health
20
8
50
-
total
89
36
219
-
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
711
-
pensions
57
23
139
-
total
57
23
139
-
Corporate
503
712
-
-
income
45
64
-
-
total
45
64
-
-
Dividends
458
648
-
-
withholding
87
123
-
-
social contributions
88
125
-
-
total
175
248
-
-
Income
850
850
850
850
Total tax
366
371
358
262
After tax
484
479
492
588
Living cost
201
201
201
201
Free-cash
283
278
291
387

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
€26
€20
€33
€39
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
-
-
-
850
national
-
-
-
135
pensions
-
-
-
102
social contributions
-
-
-
9
municipal
-
-
-
87
total
-
-
-
333
Employee
761
-
735
-
municipal
94
-
90
-
national
146
-
140
-
pensions
30
-
29
-
total
270
-
259
-
Employer
761
-
735
-
pensions
61
-
59
-
social contributions
8
-
8
-
total
69
-
67
-
Corporate
-
850
-
-
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%.

-
170
-
-
total
-
170
-
-
Dividends
-
680
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
850
850
850
850
Total tax
339
320
326
333
After tax
511
530
524
517
Living cost
491
491
491
491
Free-cash
20
39
33
26

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
€29
€40
€29
€18
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
-
-
-
850
social contributions
-
-
-
72
income
-
-
-
172
total
-
-
-
244
Employee
793
-
850
-
social contributions
66
-
72
-
income
150
-
172
-
total
216
-
244
-
Employer
793
-
850
-
total
-
-
-
-
Corporate
57
850
-
-
income
7
106
-
-
total
7
106
-
-
Dividends
50
744
-
-
withholding
10
149
-
-
total
10
149
-
-
Income
850
850
850
850
Total tax
233
255
244
244
After tax
617
595
606
606
Living cost
577
577
577
577
Free-cash
40
18
29
29

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
€20
-€51
-€20
€26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
national
-
-
-
169
regional
-
-
-
9
social contributions
-
-
-
219
municipal
-
-
-
5
total
-
-
-
402
Employee
901
-
850
-
municipal
5
-
4
-
national
156
-
143
-
social contributions
304
-
287
-
regional
8
-
8
-
total
473
-
442
-
Employer
901
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
nationa
-
204
-
-
municipal
-
33
-
-
total
-
237
-
-
Dividends
-
613
-
-
withholding
-
159
-
-
total
-
159
-
-
Income
850
850
850
850
Total tax
473
396
442
402
After tax
377
454
408
448
Living cost
428
428
428
428
Free-cash
-51
26
-20
20

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
€171
€151
€132
€174
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
-
-
-
850
national
-
-
-
169
regional
-
-
-
13
social contributions
-
-
-
219
municipal
-
-
-
5
total
-
-
-
406
Employee
562
-
850
-
municipal
3
-
4
-
national
89
-
143
-
social contributions
190
-
287
-
regional
8
-
11
-
total
290
-
445
-
Employer
562
-
850
-
total
-
-
-
-
Corporate
288
850
-
-
nationa
69
204
-
-
municipal
14
42
-
-
total
83
246
-
-
Dividends
204
604
-
-
withholding
53
157
-
-
total
53
157
-
-
Income
850
850
850
850
Total tax
426
403
445
406
After tax
424
447
405
444
Living cost
273
273
273
273
Free-cash
151
174
132
171

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