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
€460
€372
€348
€427
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
€158
-€42
€130
€153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
health
-
-
-
65
pensions
-
-
-
157
income
-
-
-
110
surtax
-
-
-
-
total
-
-
-
397
Employee
443
404
660
-
health
17
16
26
-
pensions
45
41
68
-
other
4
4
7
-
unemployment
13
12
20
-
income
39
30
102
-
total
118
103
223
-
Employer
443
404
660
-
pensions
56
51
83
-
accident
6
5
9
-
unemployment
13
12
20
-
surtax
-
-
-
-
payroll
13
12
20
-
chamber of commerce
2
2
3
-
health
17
15
25
-
other
21
19
31
-
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
€122
-€75
€94
€106
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
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
health
-
-
-
65
pensions
-
-
-
157
income
-
-
-
110
surtax
-
-
-
2
total
-
-
-
399
Employee
506
404
659
-
health
20
16
25
-
pensions
52
41
67
-
other
5
4
7
-
unemployment
15
12
20
-
income
58
30
101
-
total
150
103
220
-
Employer
506
404
659
-
pensions
64
51
83
-
accident
7
5
9
-
unemployment
15
12
20
-
surtax
2
2
2
-
payroll
15
12
20
-
chamber of commerce
2
2
3
-
health
19
15
25
-
other
24
19
31
-
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
€108
-€28
€46
-€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
-
-
-
850
social contributions
-
-
-
124
communal

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

-
-
-
44
national
-
-
-
266
total
-
-
-
434
Employee

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

725
-
658
-
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
-
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
-
communal

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

38
-
34
-
national
223
-
197
-
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
-
total
355
-
317
-
Employer

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

725
-
658
-
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
-
surtax
82
-
75
-
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
-
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
-
total
211
-
192
-
Corporate
-
850
-
-
surtax
-
3
-
-
income
-
170
-
-
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
€553
€478
€455
€491
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
231
-
781
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
income
23
-
78
-
total
57
-
129
-
Employer
231
-
781
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
health
16
-
24
-
pensions

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

25
-
39
-
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
€594
€519
€496
€547
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
-
health
8
-
16
-
pensions

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

15
-
31
-
income
18
-
78
-
total
43
-
129
-
Employer
176
-
781
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
health
12
-
24
-
pensions

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

19
-
39
-
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

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
€386
€388
€389
€334
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
-
-
-
133
health
-
-
-
22
income
-
-
-
71
total
-
-
-
226
Employee
779
779
779
-
health
6
13
13
-
social contributions
29
65
64
-
income
85
72
72
-
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
€292
€294
€295
€252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
133
health
-
-
-
22
income
-
-
-
71
total
-
-
-
226
Employee
779
779
779
-
health
8
13
13
-
social contributions
38
65
64
-
income
82
72
72
-
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
€348
€193
€176
€262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
248
health
-
-
-
115
solidarity contribution
-
-
-
-
income
-
-
-
73
total
-
-
-
436
Employee
351
-
634
-
health
47
-
86
-
social contributions
23
-
41
-
solidarity contribution
-
-
-
-
income
42
-
76
-
total
112
-
203
-
Employer
351
-
634
-
social contributions
88
-
159
-
health
32
-
57
-
total
120
-
216
-
Corporate
380
850
-
-
income
72
161
-
-
total
72
161
-
-
Dividends
308
689
-
-
withholding
46
103
-
-
total
46
103
-
-
Income
850
850
850
850
Total tax
350
264
419
436
After tax
500
586
431
414
Living cost
238
238
238
238
Free-cash
262
348
193
176

Estimated living cost  is €238 per week

€166
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.
€51
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
€292
€137
€120
€187
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
-
-
-
248
health
-
-
-
115
solidarity contribution
-
-
-
-
income
-
-
-
73
total
-
-
-
436
Employee
432
-
634
-
health
58
-
86
-
social contributions
28
-
41
-
solidarity contribution
-
-
-
-
income
52
-
76
-
total
138
-
203
-
Employer
432
-
634
-
social contributions
108
-
159
-
health
39
-
57
-
total
147
-
216
-
Corporate
271
850
-
-
income
51
161
-
-
total
51
161
-
-
Dividends
219
689
-
-
withholding
33
103
-
-
total
33
103
-
-
Income
850
850
850
850
Total tax
369
264
419
436
After tax
481
586
431
414
Living cost
294
294
294
294
Free-cash
187
292
137
120

Estimated living cost  is €294 per week

€219
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.
€54
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
-€1364
-€1364
€45
-€1364
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
labour market
-
-
-
67
municipal
-
-
-
152
pensions
-
-
-
9
national
-
-
-
88
total
-
-
-
316
Employee
2 065
2 065
2 065
-
municipal
440
440
440
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 065
2 065
2 065
-
labour market
165
165
165
-
national
253
253
253
-
municipal
441
441
441
-
pensions
6
6
6
-
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
489
489
489
489
Free-cash
-1 364
-1 364
-1 364
45

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
€435
€245
€211
€372
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
-
pensions
6
-
13
-
unemployment
5
-
10
-
income
32
-
122
-
total
43
-
145
-
Employer
287
-
635
-
pensions
58
-
127
-
unemployment
2
-
5
-
health
37
-
83
-
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
€188
€107
€233
€151
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
health
-
-
-
9
municipal
-
-
-
151
national
-
-
-
68
total
-
-
-
228
Employee
533
-
715
-
health
4
-
7
-
municipal
87
-
117
-
pensions
36
-
48
-
national
9
-
35
-
unemployment
8
-
11
-
total
144
-
218
-
Employer
533
-
715
-
accident
1
-
1
-
unemployment
3
-
5
-
health
4
-
6
-
pensions
92
-
124
-
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
€117
€187
€182
€172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
other
-
-
-
26
income
-
-
-
58
surtax
-
-
-
-
total
-
-
-
356
Employee
387
-
648
-
income
20
-
59
-
social contributions
11
-
18
-
pensions
44
-
73
-
surtax
-
-
-
-
total
75
-
150
-
Employer
387
-
648
-
pensions
64
-
106
-
social contributions
1
-
2
-
unemployment
16
-
26
-
health
27
-
45
-
other
13
-
22
-
total
121
-
201
-
Corporate
342
850
-
-
surtax
-
-
-
-
income
96
238
-
-
total
96
238
-
-
Dividends
246
612
-
-
surtax
-
-
-
-
withholding
32
78
-
-
social contributions
42
105
-
-
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
€82
€152
€147
€141
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
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
other
-
-
-
26
income
-
-
-
58
surtax
-
-
-
-
total
-
-
-
356
Employee
434
-
648
-
income
26
-
59
-
social contributions
12
-
18
-
pensions
49
-
73
-
surtax
-
-
-
-
total
87
-
150
-
Employer
434
-
648
-
pensions
71
-
106
-
social contributions
1
-
2
-
unemployment
18
-
26
-
health
30
-
45
-
other
15
-
22
-
total
135
-
201
-
Corporate
281
850
-
-
surtax
-
-
-
-
income
79
238
-
-
total
79
238
-
-
Dividends
202
612
-
-
surtax
-
-
-
-
withholding
26
78
-
-
social contributions
35
105
-
-
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
-€60
€10
€5
€9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
other
-
-
-
26
income
-
-
-
58
surtax
-
-
-
-
total
-
-
-
356
Employee
635
-
648
-
income
55
-
59
-
social contributions
18
-
18
-
pensions
72
-
73
-
surtax
-
-
-
-
total
145
-
150
-
Employer
635
-
648
-
pensions
104
-
106
-
social contributions
2
-
2
-
unemployment
26
-
26
-
health
44
-
45
-
other
22
-
22
-
total
198
-
201
-
Corporate
17
850
-
-
surtax
-
-
-
-
income
5
238
-
-
total
5
238
-
-
Dividends
12
612
-
-
surtax
-
-
-
-
withholding
2
78
-
-
social contributions
2
105
-
-
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
€736
€608
€769
€722
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
89
-
850
-
income
18
-
170
-
total
18
-
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%.

761
850
-
-
total
-
-
-
-
Dividends
761
850
-
-
withholding
38
42
-
-
total
38
42
-
-
Income
850
850
850
850
Total tax
56
42
170
9
After tax
794
808
680
841
Living cost
72
72
72
72
Free-cash
722
736
608
769

Estimated living cost  is €72 per week

€44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
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.
€19
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
€697
€569
€730
€675
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
139
-
850
-
income
28
-
170
-
total
28
-
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%.

711
850
-
-
total
-
-
-
-
Dividends
711
850
-
-
withholding
36
42
-
-
total
36
42
-
-
Income
850
850
850
850
Total tax
64
42
170
9
After tax
786
808
680
841
Living cost
111
111
111
111
Free-cash
675
697
569
730

Estimated living cost  is €111 per week

€75
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.
€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.
€28
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
€47
€232
€178
€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

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

-
-
-
850
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
trade
-
-
-
54
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
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
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
-
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
-
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
-
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
-
total
112
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
346
850
-
-
trade
50
122
-
-
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
-
-
chamber of commerce
2
3
-
-
income
52
128
-
-
total
107
260
-
-
Dividends
239
591
-
-
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
-
-
withholding
56
144
-
-
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
€122
€316
€256
€235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
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
trade
-
-
-
60
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
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
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
-
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
-
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
-
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
-
total
81
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
462
850
-
-
trade
73
134
-
-
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
-
-
chamber of commerce
2
3
-
-
income
69
128
-
-
total
148
272
-
-
Dividends
314
579
-
-
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
-
-
withholding
75
141
-
-
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
€27
€225
€163
€171
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
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
trade
-
-
-
62
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
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
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
-
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
-
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
-
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
-
total
115
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
336
850
-
-
trade
55
140
-
-
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
-
-
chamber of commerce
2
3
-
-
income
50
128
-
-
total
110
278
-
-
Dividends
226
573
-
-
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
-
-
withholding
53
139
-
-
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
-€44
€159
€94
€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
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
trade
-
-
-
65
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
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
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
-
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
-
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
-
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
-
total
145
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
241
850
-
-
trade
41
146
-
-
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
-
-
chamber of commerce
2
3
-
-
income
36
128
-
-
total
81
284
-
-
Dividends
160
567
-
-
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
-
-
withholding
36
138
-
-
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
€307
€209
€226
€273
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
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
other
-
-
-
-
income
-
-
-
148
surtax
-
-
-
16
total
-
-
-
396
Employee
341
-
702
-
health
9
-
18
-
pensions
23
-
47
-
surtax
1
-
14
-
other
-
-
-
-
unemployment
24
-
49
-
income
57
-
137
-
total
114
-
265
-
Employer
341
-
702
-
pensions
46
-
94
-
unemployment
11
-
22
-
health
16
-
32
-
other
-
-
-
-
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
€311
€213
€230
€279
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
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
other
-
-
-
-
income
-
-
-
148
surtax
-
-
-
16
total
-
-
-
396
Employee
335
-
702
-
health
9
-
18
-
pensions
22
-
47
-
surtax
1
-
14
-
other
-
-
-
-
unemployment
23
-
49
-
income
56
-
137
-
total
111
-
265
-
Employer
335
-
702
-
pensions
45
-
94
-
unemployment
11
-
22
-
health
15
-
32
-
other
-
-
-
-
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
€282
€293
€389
€284
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.

287
114
711
-
health
20
8
50
-
pensions
29
11
71
-
unemployment
4
2
11
-
income
35
14
87
-
total
88
35
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.

287
114
711
-
pensions
56
22
139
-
total
56
22
139
-
Corporate
507
714
-
-
income
46
64
-
-
total
46
64
-
-
Dividends
461
649
-
-
withholding
88
123
-
-
social contributions
89
125
-
-
total
177
248
-
-
Income
850
850
850
850
Total tax
367
369
358
262
After tax
483
481
492
588
Living cost
199
199
199
199
Free-cash
284
282
293
389

Estimated living cost  is €199 per week

€136
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
€18
€13
€6
-€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
-
-
-
850
social contributions
-
-
-
9
municipal
-
-
-
87
pensions
-
-
-
102
national
-
-
-
134
total
-
-
-
332
Employee
793
-
735
-
municipal
98
-
90
-
pensions
32
-
29
-
national
152
-
139
-
total
282
-
258
-
Employer
793
-
735
-
social contributions
9
-
8
-
pensions
63
-
59
-
total
72
-
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
354
320
325
332
After tax
496
530
525
518
Living cost
512
512
512
512
Free-cash
-16
18
13
6

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
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.
€109
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
€18
€29
€29
€40
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
€26
-€20
€20
-€51
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
regional
-
-
-
9
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
169
total
-
-
-
402
Employee
901
-
850
-
regional
8
-
8
-
municipal
5
-
4
-
social contributions
304
-
287
-
national
156
-
143
-
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
€174
€132
€171
€151
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
regional
-
-
-
13
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
169
total
-
-
-
406
Employee
562
-
850
-
regional
8
-
11
-
municipal
3
-
4
-
social contributions
190
-
287
-
national
89
-
143
-
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