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
€ 900
per

Your estimated
City
free-cash

Andorra , Andorra
€385
€472
€410
€505
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
-
-
-
900
social contributions
-
-
-
198
income
-
-
-
12
total
-
-
-
210
Employee
326
-
779
-
social contributions
21
-
51
-
income
-
-
13
-
total
21
-
64
-
Employer
326
-
779
-
social contributions
50
-
121
-
total
50
-
121
-
Corporate
524
900
-
-
income
52
90
-
-
total
52
90
-
-
Dividends
471
810
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
123
90
185
210
After tax
777
810
715
690
Living cost
305
305
305
305
Free-cash
472
505
410
385

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
€144
€181
-€29
€185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
69
chamber of commerce
-
-
-
4
pensions
-
-
-
166
income
-
-
-
132
total
-
-
-
433
Employee
443
404
699
-
unemployment
13
12
21
-
other
4
4
7
-
income
39
30
113
-
pensions
45
41
72
-
health
17
16
27
-
total
118
103
240
-
Employer
443
404
699
-
pensions
56
51
88
-
surtax
-
-
-
-
payroll
13
12
21
-
other
21
19
33
-
health
17
15
26
-
accident
6
5
9
-
unemployment
13
12
21
-
chamber of commerce
2
2
3
-
total
128
116
201
-
Corporate
330
380
660
-
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.

82
95
165
-
total
82
95
165
-
Dividends
247
285
-
-
withholding
68
78
-
-
total
68
78
-
-
Income
900
900
900
900
Total tax
396
392
606
433
After tax
504
508
294
467
Living cost
323
323
323
323
Free-cash
181
185
-29
144

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
€108
€133
-€63
€150
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
-
-
-
900
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
69
chamber of commerce
-
-
-
4
pensions
-
-
-
166
income
-
-
-
132
total
-
-
-
435
Employee
506
404
697
-
unemployment
15
12
21
-
other
5
4
7
-
income
58
30
112
-
pensions
52
41
71
-
health
20
16
27
-
total
150
103
238
-
Employer
506
404
697
-
pensions
64
51
88
-
surtax
2
2
2
-
payroll
15
12
21
-
other
24
19
33
-
health
19
15
26
-
accident
7
5
9
-
unemployment
15
12
21
-
chamber of commerce
2
2
3
-
total
148
118
203
-
Corporate
246
378
659
-
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.

61
94
165
-
total
61
94
165
-
Dividends
184
283
-
-
withholding
51
78
-
-
total
51
78
-
-
Income
900
900
900
900
Total tax
410
393
606
435
After tax
490
507
294
465
Living cost
357
357
357
357
Free-cash
133
150
-63
108

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
€66
-€36
-€12
€136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
national
-
-
-
284
communal

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

-
-
-
46
social contributions
-
-
-
134
total
-
-
-
464
Employee

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

725
-
697
-
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
-
212
-
communal

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

38
-
36
-
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
-
52
-
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
-
33
-
total
355
-
339
-
Employer

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

725
-
697
-
surtax
82
-
79
-
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
-
62
-
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
-
43
-
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
-
203
-
Corporate
-
900
-
-
income
-
180
-
-
surtax
-
4
-
-
total
-
184
-
-
Dividends
-
716
-
-
withholding

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

-
211
-
-
total
-
211
-
-
Income
900
900
900
900
Total tax
566
395
542
464
After tax
334
505
358
436
Living cost
370
370
370
370
Free-cash
-36
136
-12
66

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
€495
€533
€522
€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
-
-
-
900
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
53
income
-
-
-
135
total
-
-
-
230
Employee
231
-
830
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
83
-
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
-
134
-
Employer
231
-
830
-
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
623
900
-
-
income
62
90
-
-
total
62
90
-
-
Dividends
561
810
-
-
withholding
28
41
-
-
total
28
41
-
-
Income
900
900
900
900
Total tax
192
131
203
230
After tax
708
769
697
670
Living cost
175
175
175
175
Free-cash
533
594
522
495

Estimated living cost  is €175 per week

€116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
€537
€590
€564
€636
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
-
-
-
900
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
53
income
-
-
-
135
total
-
-
-
230
Employee
176
-
830
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
83
-
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
-
134
-
Employer
176
-
830
-
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
689
900
-
-
income
69
90
-
-
total
69
90
-
-
Dividends
620
810
-
-
withholding
31
41
-
-
total
31
41
-
-
Income
900
900
900
900
Total tax
177
131
203
230
After tax
723
769
697
670
Living cost
133
133
133
133
Free-cash
590
636
564
537

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
€419
€369
€418
€425
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
-
-
-
900
health
-
-
-
23
social contributions
-
-
-
140
income
-
-
-
83
total
-
-
-
246
Employee
779
779
817
-
income
85
72
82
-
social contributions
29
65
68
-
health
6
13
14
-
total
120
150
164
-
Employer
779
779
817
-
social contributions
29
65
68
-
health
7
14
15
-
total
36
79
83
-
Corporate
509
42
-
-
income
64
5
-
-
total
64
5
-
-
Dividends
445
36
-
-
withholding
76
6
-
-
total
76
6
-
-
Income
900
900
900
900
Total tax
296
240
247
246
After tax
604
660
653
654
Living cost
235
235
235
235
Free-cash
369
425
418
419

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
€325
€288
€324
€331
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
-
-
-
900
health
-
-
-
23
social contributions
-
-
-
140
income
-
-
-
83
total
-
-
-
246
Employee
779
779
817
-
income
82
72
82
-
social contributions
38
65
68
-
health
8
13
14
-
total
128
150
164
-
Employer
779
779
817
-
social contributions
38
65
68
-
health
8
14
15
-
total
46
79
83
-
Corporate
398
42
-
-
income
50
5
-
-
total
50
5
-
-
Dividends
348
36
-
-
withholding
59
6
-
-
total
59
6
-
-
Income
900
900
900
900
Total tax
283
240
247
246
After tax
617
660
653
654
Living cost
329
329
329
329
Free-cash
288
331
324
325

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
€204
€304
€222
€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
-
-
-
900
health
-
-
-
122
social contributions
-
-
-
263
income
-
-
-
77
solidarity contribution
-
-
-
-
total
-
-
-
462
Employee
344
-
672
-
income
41
-
81
-
social contributions
22
-
44
-
health
46
-
91
-
solidarity contribution
-
-
-
-
total
109
-
216
-
Employer
344
-
672
-
social contributions
86
-
168
-
health
31
-
60
-
total
117
-
228
-
Corporate
439
900
-
-
income
83
171
-
-
total
83
171
-
-
Dividends
355
729
-
-
withholding
53
109
-
-
total
53
109
-
-
Income
900
900
900
900
Total tax
362
280
444
462
After tax
538
620
456
438
Living cost
234
234
234
234
Free-cash
304
386
222
204

Estimated living cost  is €234 per week

€163
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
€149
€228
€167
€331
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
-
-
-
900
health
-
-
-
122
social contributions
-
-
-
263
income
-
-
-
77
solidarity contribution
-
-
-
-
total
-
-
-
462
Employee
424
-
672
-
income
51
-
81
-
social contributions
28
-
44
-
health
57
-
91
-
solidarity contribution
-
-
-
-
total
136
-
216
-
Employer
424
-
672
-
social contributions
106
-
168
-
health
38
-
60
-
total
144
-
228
-
Corporate
331
900
-
-
income
63
171
-
-
total
63
171
-
-
Dividends
268
729
-
-
withholding
40
109
-
-
total
40
109
-
-
Income
900
900
900
900
Total tax
383
280
444
462
After tax
517
620
456
438
Living cost
289
289
289
289
Free-cash
228
331
167
149

Estimated living cost  is €289 per week

€215
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
€74
-€1315
-€1315
-€1315
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
-
-
-
900
national
-
-
-
94
pensions
-
-
-
9
municipal
-
-
-
162
labour market
-
-
-
71
total
-
-
-
336
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
900
900
900
900
Total tax
1 725
1 725
1 725
336
After tax
-825
-825
-825
564
Living cost
490
490
490
490
Free-cash
-1 315
-1 315
-1 315
74

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
€237
€412
€274
€475
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
-
-
-
900
health
-
-
-
117
pensions
-
-
-
180
income
-
-
-
121
total
-
-
-
418
Employee
287
-
673
-
unemployment
5
-
11
-
income
32
-
130
-
pensions
6
-
13
-
total
43
-
154
-
Employer
287
-
673
-
pensions
58
-
135
-
health
37
-
87
-
unemployment
2
-
5
-
total
97
-
227
-
Corporate
515
900
-
-
income
103
180
-
-
total
103
180
-
-
Dividends
412
720
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
243
180
381
418
After tax
657
720
519
482
Living cost
245
245
245
245
Free-cash
412
475
274
237

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
€263
€185
€134
€218
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

-
-
-
900
national
-
-
-
78
health
-
-
-
10
municipal
-
-
-
160
total
-
-
-
248
Employee
533
-
757
-
unemployment
8
-
11
-
municipal
87
-
124
-
national
9
-
41
-
pensions
36
-
51
-
health
4
-
7
-
total
144
-
234
-
Employer
533
-
757
-
pensions
92
-
131
-
health
4
-
6
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
143
-
Corporate
266
900
-
-
income
53
180
-
-
total
53
180
-
-
Dividends

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

160
540
-
-
municipal
29
97
-
-
national
-
16
-
-
total
29
113
-
-
Income
900
900
900
900
Total tax
326
293
377
248
After tax
574
607
523
652
Living cost
389
389
389
389
Free-cash
185
218
134
263

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
€209
€197
€206
€142
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
-
-
-
900
surtax
-
-
-
-
health
-
-
-
10
pensions
-
-
-
245
social contributions
-
-
-
26
income
-
-
-
70
other
-
-
-
28
total
-
-
-
379
Employee
387
-
686
-
income
20
-
69
-
surtax
-
-
-
-
social contributions
11
-
20
-
pensions
44
-
78
-
total
75
-
167
-
Employer
387
-
686
-
pensions
64
-
113
-
social contributions
1
-
2
-
other
13
-
24
-
health
27
-
48
-
unemployment
16
-
28
-
total
121
-
215
-
Corporate
392
900
-
-
income
110
252
-
-
surtax
-
-
-
-
total
110
252
-
-
Dividends
282
648
-
-
withholding
36
83
-
-
social contributions
49
111
-
-
surtax
-
-
-
-
total
85
194
-
-
Income
900
900
900
900
Total tax
391
446
382
379
After tax
509
454
518
521
Living cost
312
312
312
312
Free-cash
197
142
206
209

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
€174
€167
€171
€107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
surtax
-
-
-
-
health
-
-
-
10
pensions
-
-
-
245
social contributions
-
-
-
26
income
-
-
-
70
other
-
-
-
28
total
-
-
-
379
Employee
434
-
686
-
income
26
-
69
-
surtax
-
-
-
-
social contributions
12
-
20
-
pensions
49
-
78
-
total
87
-
167
-
Employer
434
-
686
-
pensions
71
-
113
-
social contributions
1
-
2
-
other
15
-
24
-
health
30
-
48
-
unemployment
18
-
28
-
total
135
-
215
-
Corporate
331
900
-
-
income
93
252
-
-
surtax
-
-
-
-
total
93
252
-
-
Dividends
238
648
-
-
withholding
30
83
-
-
social contributions
41
111
-
-
surtax
-
-
-
-
total
71
194
-
-
Income
900
900
900
900
Total tax
386
446
382
379
After tax
514
454
518
521
Living cost
347
347
347
347
Free-cash
167
107
171
174

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
€32
€35
€29
-€35
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
-
-
-
900
surtax
-
-
-
-
health
-
-
-
10
pensions
-
-
-
245
social contributions
-
-
-
26
income
-
-
-
70
other
-
-
-
28
total
-
-
-
379
Employee
635
-
686
-
income
55
-
69
-
surtax
-
-
-
-
social contributions
18
-
20
-
pensions
72
-
78
-
total
145
-
167
-
Employer
635
-
686
-
pensions
104
-
113
-
social contributions
2
-
2
-
other
22
-
24
-
health
44
-
48
-
unemployment
26
-
28
-
total
198
-
215
-
Corporate
67
900
-
-
income
19
252
-
-
surtax
-
-
-
-
total
19
252
-
-
Dividends
48
648
-
-
withholding
6
83
-
-
social contributions
8
111
-
-
surtax
-
-
-
-
total
14
194
-
-
Income
900
900
900
900
Total tax
376
446
382
379
After tax
524
454
518
521
Living cost
489
489
489
489
Free-cash
35
-35
29
32

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
€826
€778
€655
€790
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%.

-
-
-
900
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
-
900
-
income
16
-
180
-
total
16
-
180
-
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%.

818
900
-
-
total
-
-
-
-
Dividends
818
900
-
-
withholding
41
45
-
-
total
41
45
-
-
Income
900
900
900
900
Total tax
57
45
180
9
After tax
843
855
720
891
Living cost
65
65
65
65
Free-cash
778
790
655
826

Estimated living cost  is €65 per week

€41
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
€789
€734
€618
€753
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%.

-
-
-
900
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
127
-
900
-
income
25
-
180
-
total
25
-
180
-
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%.

773
900
-
-
total
-
-
-
-
Dividends
773
900
-
-
withholding
39
45
-
-
total
39
45
-
-
Income
900
900
900
900
Total tax
64
45
180
9
After tax
836
855
720
891
Living cost
102
102
102
102
Free-cash
734
753
618
789

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
€201
€207
€263
€74
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.

-
-
-
900
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.

-
-
-
9
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.

-
-
-
168
trade
-
-
-
62
total
-
-
-
308
Employee

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

504
-
900
-
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
-
168
-
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
-
9
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
396
900
-
-
trade
57
129
-
-
income
59
135
-
-
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
121
274
-
-
Dividends
274
626
-
-
withholding
65
153
-
-
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
69
161
-
-
Income
900
900
900
900
Total tax
302
435
246
308
After tax
598
465
654
592
Living cost
391
391
391
391
Free-cash
207
74
263
201

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
€279
€260
€347
€149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
900
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.

-
-
-
9
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.

-
-
-
168
trade
-
-
-
68
total
-
-
-
314
Employee

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

388
-
900
-
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
-
168
-
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
-
9
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
512
900
-
-
trade
81
142
-
-
income
77
135
-
-
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
164
287
-
-
Dividends
348
613
-
-
withholding
83
149
-
-
surtax

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

5
8
-
-
total
88
157
-
-
Income
900
900
900
900
Total tax
333
444
246
314
After tax
567
456
654
586
Living cost
307
307
307
307
Free-cash
260
149
347
279

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
€185
€196
€256
€53
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.

-
-
-
900
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.

-
-
-
9
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.

-
-
-
168
trade
-
-
-
71
total
-
-
-
317
Employee

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

514
-
900
-
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
-
168
-
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
-
9
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
386
900
-
-
trade
64
148
-
-
income
58
135
-
-
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
127
293
-
-
Dividends
259
607
-
-
withholding
61
148
-
-
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
64
156
-
-
Income
900
900
900
900
Total tax
306
449
246
317
After tax
594
451
654
583
Living cost
398
398
398
398
Free-cash
196
53
256
185

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
€116
€147
€190
-€17
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.

-
-
-
900
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.

-
-
-
9
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.

-
-
-
168
trade
-
-
-
74
total
-
-
-
320
Employee

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

609
-
900
-
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
-
168
-
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
-
9
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
291
900
-
-
trade
50
154
-
-
income
44
135
-
-
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
98
299
-
-
Dividends
193
600
-
-
withholding
44
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
8
-
-
total
46
154
-
-
Income
900
900
900
900
Total tax
289
453
246
320
After tax
611
447
654
580
Living cost
464
464
464
464
Free-cash
147
-17
190
116

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
€247
€304
€228
€338
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
-
-
-
900
surtax
-
-
-
18
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
income
-
-
-
161
other
-
-
-
-
total
-
-
-
425
Employee
341
-
743
-
unemployment
24
-
52
-
other
-
-
-
-
income
57
-
150
-
surtax
1
-
16
-
pensions
23
-
50
-
health
9
-
19
-
total
114
-
287
-
Employer
341
-
743
-
pensions
46
-
99
-
other
-
-
-
-
health
16
-
34
-
unemployment
11
-
24
-
total
73
-
157
-
Corporate
487
900
-
-
income
127
234
-
-
total
127
234
-
-
Dividends
360
666
-
-
withholding
54
100
-
-
total
54
100
-
-
Income
900
900
900
900
Total tax
368
334
444
425
After tax
532
566
456
475
Living cost
228
228
228
228
Free-cash
304
338
228
247

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
€251
€310
€232
€342
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
-
-
-
900
surtax
-
-
-
18
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
income
-
-
-
161
other
-
-
-
-
total
-
-
-
425
Employee
335
-
743
-
unemployment
23
-
52
-
other
-
-
-
-
income
56
-
150
-
surtax
1
-
16
-
pensions
22
-
50
-
health
9
-
19
-
total
111
-
287
-
Employer
335
-
743
-
pensions
45
-
99
-
other
-
-
-
-
health
15
-
34
-
unemployment
11
-
24
-
total
71
-
157
-
Corporate
494
900
-
-
income
129
234
-
-
total
129
234
-
-
Dividends
366
666
-
-
withholding
55
100
-
-
total
55
100
-
-
Income
900
900
900
900
Total tax
366
334
444
425
After tax
534
566
456
475
Living cost
224
224
224
224
Free-cash
310
342
232
251

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
€420
€310
€319
€304
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
-
-
-
900
unemployment
-
-
-
14
health
-
-
-
63
pensions
-
-
-
90
income
-
-
-
110
total
-
-
-
277
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.

293
117
753
-
unemployment
4
2
11
-
income
36
14
92
-
pensions
29
12
75
-
health
20
8
53
-
total
89
36
231
-
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.

293
117
753
-
pensions
57
23
147
-
total
57
23
147
-
Corporate
550
761
-
-
income
50
68
-
-
total
50
68
-
-
Dividends
501
692
-
-
withholding
95
132
-
-
social contributions
96
134
-
-
total
191
266
-
-
Income
900
900
900
900
Total tax
387
393
378
277
After tax
513
507
522
623
Living cost
203
203
203
203
Free-cash
310
304
319
420

Estimated living cost  is €203 per week

€138
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.
€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.
€44
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
€56
€64
€65
€73
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
-
-
-
900
national
-
-
-
144
pensions
-
-
-
108
social contributions
-
-
-
10
municipal
-
-
-
93
total
-
-
-
355
Employee
758
-
778
-
municipal
94
-
96
-
national
145
-
149
-
pensions
30
-
31
-
total
269
-
276
-
Employer
758
-
778
-
pensions
61
-
62
-
social contributions
8
-
8
-
total
69
-
70
-
Corporate
23
900
-
-
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%.

5
180
-
-
total
5
180
-
-
Dividends
19
720
-
-
withholding
4
158
-
-
total
4
158
-
-
Income
900
900
900
900
Total tax
347
338
346
355
After tax
553
562
554
545
Living cost
489
489
489
489
Free-cash
64
73
65
56

Estimated living cost  is €489 per week

€332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
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
€53
€75
€53
€53
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
-
-
-
900
social contributions
-
-
-
78
income
-
-
-
192
total
-
-
-
270
Employee
793
-
900
-
social contributions
66
-
78
-
income
150
-
192
-
total
216
-
270
-
Employer
793
-
900
-
total
-
-
-
-
Corporate
107
900
-
-
income
13
112
-
-
total
13
112
-
-
Dividends
94
788
-
-
withholding
19
158
-
-
total
19
158
-
-
Income
900
900
900
900
Total tax
248
270
270
270
After tax
652
630
630
630
Living cost
577
577
577
577
Free-cash
75
53
53
53

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
€43
-€1
€0
€52
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
-
-
-
900
national
-
-
-
183
regional
-
-
-
10
social contributions
-
-
-
231
municipal
-
-
-
5
total
-
-
-
429
Employee
901
-
900
-
municipal
5
-
5
-
national
156
-
156
-
social contributions
304
-
303
-
regional
8
-
8
-
total
473
-
472
-
Employer
901
-
900
-
total
-
-
-
-
Corporate
-
900
-
-
nationa
-
216
-
-
municipal
-
35
-
-
total
-
251
-
-
Dividends
-
649
-
-
withholding
-
169
-
-
total
-
169
-
-
Income
900
900
900
900
Total tax
473
420
472
429
After tax
427
480
428
471
Living cost
428
428
428
428
Free-cash
-1
52
-
43

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
€194
€177
€151
€200
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
-
-
-
900
national
-
-
-
183
regional
-
-
-
14
social contributions
-
-
-
231
municipal
-
-
-
5
total
-
-
-
433
Employee
562
-
900
-
municipal
3
-
5
-
national
89
-
156
-
social contributions
190
-
303
-
regional
8
-
12
-
total
290
-
476
-
Employer
562
-
900
-
total
-
-
-
-
Corporate
338
900
-
-
nationa
81
216
-
-
municipal
17
45
-
-
total
98
261
-
-
Dividends
240
639
-
-
withholding
62
166
-
-
total
62
166
-
-
Income
900
900
900
900
Total tax
450
427
476
433
After tax
450
473
424
467
Living cost
273
273
273
273
Free-cash
177
200
151
194

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