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
€ 950
per

Your estimated
City
free-cash

Andorra , Andorra
€422
€517
€450
€550
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
-
-
-
950
social contributions
-
-
-
209
income
-
-
-
14
total
-
-
-
223
Employee
326
-
822
-
social contributions
21
-
53
-
income
-
-
15
-
total
21
-
68
-
Employer
326
-
822
-
social contributions
50
-
127
-
total
50
-
127
-
Corporate
574
950
-
-
income
57
95
-
-
total
57
95
-
-
Dividends
516
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
128
95
195
223
After tax
822
855
755
727
Living cost
305
305
305
305
Free-cash
517
550
450
422

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
€165
€208
-€28
€212
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
-
-
-
950
surtax
-
-
-
-
unemployment
-
-
-
62
health
-
-
-
73
chamber of commerce
-
-
-
4
pensions
-
-
-
176
income
-
-
-
147
total
-
-
-
462
Employee
443
404
738
-
unemployment
13
12
22
-
other
4
4
7
-
income
39
30
133
-
pensions
45
41
76
-
health
17
16
29
-
total
118
103
267
-
Employer
443
404
738
-
pensions
56
51
93
-
surtax
-
-
-
-
payroll
13
12
22
-
other
21
19
35
-
health
17
15
28
-
accident
6
5
10
-
unemployment
13
12
22
-
chamber of commerce
2
2
3
-
total
128
116
213
-
Corporate
380
430
699
-
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.

95
107
175
-
total
95
107
175
-
Dividends
285
322
-
-
withholding
78
89
-
-
total
78
89
-
-
Income
950
950
950
950
Total tax
419
415
655
462
After tax
531
535
295
488
Living cost
323
323
323
323
Free-cash
208
212
-28
165

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
€129
€160
-€59
€177
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
-
-
-
950
surtax
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
73
chamber of commerce
-
-
-
4
pensions
-
-
-
176
income
-
-
-
147
total
-
-
-
464
Employee
506
404
736
-
unemployment
15
12
22
-
other
5
4
7
-
income
58
30
132
-
pensions
52
41
75
-
health
20
16
28
-
total
150
103
264
-
Employer
506
404
736
-
pensions
64
51
92
-
surtax
2
2
2
-
payroll
15
12
22
-
other
24
19
35
-
health
19
15
28
-
accident
7
5
10
-
unemployment
15
12
22
-
chamber of commerce
2
2
3
-
total
148
118
214
-
Corporate
296
428
698
-
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.

74
107
174
-
total
74
107
174
-
Dividends
222
321
-
-
withholding
61
88
-
-
total
61
88
-
-
Income
950
950
950
950
Total tax
433
416
652
464
After tax
517
534
298
486
Living cost
357
357
357
357
Free-cash
160
177
-59
129

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
€84
€12
€6
€164
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
-
-
-
950
national
-
-
-
303
communal

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

-
-
-
48
social contributions
-
-
-
145
total
-
-
-
496
Employee

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

725
-
736
-
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
-
227
-
communal

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

38
-
38
-
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
-
55
-
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
-
35
-
total
355
-
361
-
Employer

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

725
-
736
-
surtax
82
-
83
-
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
-
65
-
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
-
45
-
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
-
10
-
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
-
11
-
total
211
-
214
-
Corporate
14
950
-
-
income
3
190
-
-
surtax
-
4
-
-
total
3
194
-
-
Dividends
11
756
-
-
withholding

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

-
223
-
-
total
-
223
-
-
Income
950
950
950
950
Total tax
569
417
575
496
After tax
381
533
375
454
Living cost
370
370
370
370
Free-cash
12
164
6
84

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
€540
€577
€568
€638
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
-
-
-
950
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
-
-
-
142
total
-
-
-
236
Employee
231
-
881
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
88
-
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
-
139
-
Employer
231
-
881
-
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
674
950
-
-
income
67
95
-
-
total
67
95
-
-
Dividends
606
855
-
-
withholding
30
43
-
-
total
30
43
-
-
Income
950
950
950
950
Total tax
199
138
208
236
After tax
751
812
742
714
Living cost
174
174
174
174
Free-cash
577
638
568
540

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
€581
€633
€609
€679
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
-
-
-
950
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
-
-
-
142
total
-
-
-
236
Employee
176
-
881
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
88
-
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
-
139
-
Employer
176
-
881
-
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
740
950
-
-
income
74
95
-
-
total
74
95
-
-
Dividends
666
855
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
950
950
950
950
Total tax
184
138
208
236
After tax
766
812
742
714
Living cost
133
133
133
133
Free-cash
633
679
609
581

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
€448
€406
€445
€461
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
-
-
-
950
health
-
-
-
24
social contributions
-
-
-
148
income
-
-
-
95
total
-
-
-
267
Employee
779
779
862
-
income
85
72
95
-
social contributions
29
65
72
-
health
6
13
15
-
total
120
150
182
-
Employer
779
779
862
-
social contributions
29
65
72
-
health
7
14
16
-
total
36
79
88
-
Corporate
559
92
-
-
income
70
11
-
-
total
70
11
-
-
Dividends
489
80
-
-
withholding
83
14
-
-
total
83
14
-
-
Income
950
950
950
950
Total tax
309
254
270
267
After tax
641
696
680
683
Living cost
235
235
235
235
Free-cash
406
461
445
448

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
€354
€324
€351
€367
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
-
-
-
950
health
-
-
-
24
social contributions
-
-
-
148
income
-
-
-
95
total
-
-
-
267
Employee
779
779
862
-
income
82
72
95
-
social contributions
38
65
72
-
health
8
13
15
-
total
128
150
182
-
Employer
779
779
862
-
social contributions
38
65
72
-
health
8
14
16
-
total
46
79
88
-
Corporate
448
92
-
-
income
56
11
-
-
total
56
11
-
-
Dividends
392
80
-
-
withholding
67
14
-
-
total
67
14
-
-
Income
950
950
950
950
Total tax
297
254
270
267
After tax
653
696
680
683
Living cost
329
329
329
329
Free-cash
324
367
351
354

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
€228
€336
€247
€419
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
-
-
-
950
health
-
-
-
128
social contributions
-
-
-
277
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
345
-
709
-
income
41
-
85
-
social contributions
22
-
46
-
health
47
-
96
-
solidarity contribution
-
-
-
-
total
110
-
227
-
Employer
345
-
709
-
social contributions
86
-
177
-
health
31
-
64
-
total
117
-
241
-
Corporate
487
950
-
-
income
93
181
-
-
total
93
181
-
-
Dividends
395
769
-
-
withholding
59
115
-
-
total
59
115
-
-
Income
950
950
950
950
Total tax
379
296
468
487
After tax
571
654
482
463
Living cost
235
235
235
235
Free-cash
336
419
247
228

Estimated living cost  is €235 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
€174
€263
€193
€365
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
-
-
-
950
health
-
-
-
128
social contributions
-
-
-
277
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
425
-
709
-
income
51
-
85
-
social contributions
28
-
46
-
health
57
-
96
-
solidarity contribution
-
-
-
-
total
136
-
227
-
Employer
425
-
709
-
social contributions
106
-
177
-
health
38
-
64
-
total
144
-
241
-
Corporate
380
950
-
-
income
72
181
-
-
total
72
181
-
-
Dividends
308
769
-
-
withholding
46
115
-
-
total
46
115
-
-
Income
950
950
950
950
Total tax
398
296
468
487
After tax
552
654
482
463
Living cost
289
289
289
289
Free-cash
263
365
193
174

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
€104
-€1264
-€1264
-€1264
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
-
-
-
950
national
-
-
-
100
pensions
-
-
-
9
municipal
-
-
-
173
labour market
-
-
-
75
total
-
-
-
357
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
950
950
950
950
Total tax
1 725
1 725
1 725
357
After tax
-775
-775
-775
593
Living cost
489
489
489
489
Free-cash
-1 264
-1 264
-1 264
104

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
€264
€452
€303
€515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
health
-
-
-
124
pensions
-
-
-
190
income
-
-
-
127
total
-
-
-
441
Employee
287
-
710
-
unemployment
5
-
11
-
income
32
-
137
-
pensions
6
-
14
-
total
43
-
162
-
Employer
287
-
710
-
pensions
58
-
142
-
health
37
-
92
-
unemployment
2
-
6
-
total
97
-
240
-
Corporate
565
950
-
-
income
113
190
-
-
total
113
190
-
-
Dividends
452
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
253
190
402
441
After tax
697
760
548
509
Living cost
245
245
245
245
Free-cash
452
515
303
264

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
€293
€220
€157
€247
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

-
-
-
950
national
-
-
-
89
health
-
-
-
10
municipal
-
-
-
169
total
-
-
-
268
Employee
533
-
799
-
unemployment
8
-
12
-
municipal
87
-
131
-
national
9
-
48
-
pensions
36
-
54
-
health
4
-
8
-
total
144
-
253
-
Employer
533
-
799
-
pensions
92
-
139
-
health
4
-
6
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
151
-
Corporate
316
950
-
-
income
63
190
-
-
total
63
190
-
-
Dividends

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

190
570
-
-
municipal
34
103
-
-
national
-
21
-
-
total
34
124
-
-
Income
950
950
950
950
Total tax
341
314
404
268
After tax
609
636
546
682
Living cost
389
389
389
389
Free-cash
220
247
157
293

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
€237
€222
€231
€166
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
14
pensions
-
-
-
249
social contributions
-
-
-
27
income
-
-
-
82
other
-
-
-
29
total
-
-
-
401
Employee
387
-
724
-
income
20
-
78
-
surtax
-
-
-
-
social contributions
11
-
21
-
pensions
44
-
82
-
total
75
-
181
-
Employer
387
-
724
-
pensions
64
-
119
-
social contributions
1
-
2
-
other
13
-
25
-
health
27
-
51
-
unemployment
16
-
29
-
total
121
-
226
-
Corporate
442
950
-
-
income
124
266
-
-
surtax
-
-
-
-
total
124
266
-
-
Dividends
318
684
-
-
withholding
41
88
-
-
social contributions
55
118
-
-
surtax
-
-
-
-
total
96
206
-
-
Income
950
950
950
950
Total tax
416
472
407
401
After tax
534
478
543
549
Living cost
312
312
312
312
Free-cash
222
166
231
237

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
€202
€192
€196
€131
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
14
pensions
-
-
-
249
social contributions
-
-
-
27
income
-
-
-
82
other
-
-
-
29
total
-
-
-
401
Employee
434
-
724
-
income
26
-
78
-
surtax
-
-
-
-
social contributions
12
-
21
-
pensions
49
-
82
-
total
87
-
181
-
Employer
434
-
724
-
pensions
71
-
119
-
social contributions
1
-
2
-
other
15
-
25
-
health
30
-
51
-
unemployment
18
-
29
-
total
135
-
226
-
Corporate
381
950
-
-
income
107
266
-
-
surtax
-
-
-
-
total
107
266
-
-
Dividends
274
684
-
-
withholding
35
88
-
-
social contributions
47
118
-
-
surtax
-
-
-
-
total
82
206
-
-
Income
950
950
950
950
Total tax
411
472
407
401
After tax
539
478
543
549
Living cost
347
347
347
347
Free-cash
192
131
196
202

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
€60
€54
-€11
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
14
pensions
-
-
-
249
social contributions
-
-
-
27
income
-
-
-
82
other
-
-
-
29
total
-
-
-
401
Employee
635
-
724
-
income
55
-
78
-
surtax
-
-
-
-
social contributions
18
-
21
-
pensions
72
-
82
-
total
145
-
181
-
Employer
635
-
724
-
pensions
104
-
119
-
social contributions
2
-
2
-
other
22
-
25
-
health
44
-
51
-
unemployment
26
-
29
-
total
198
-
226
-
Corporate
117
950
-
-
income
33
266
-
-
surtax
-
-
-
-
total
33
266
-
-
Dividends
84
684
-
-
withholding
11
88
-
-
social contributions
14
118
-
-
surtax
-
-
-
-
total
25
206
-
-
Income
950
950
950
950
Total tax
401
472
407
401
After tax
549
478
543
549
Living cost
489
489
489
489
Free-cash
60
-11
54
60

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
€876
€826
€695
€837
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%.

-
-
-
950
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
81
-
950
-
income
16
-
190
-
total
16
-
190
-
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%.

869
950
-
-
total
-
-
-
-
Dividends
869
950
-
-
withholding
43
48
-
-
total
43
48
-
-
Income
950
950
950
950
Total tax
59
48
190
9
After tax
891
902
760
941
Living cost
65
65
65
65
Free-cash
826
837
695
876

Estimated living cost  is €65 per week

€40
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
€840
€783
€658
€800
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%.

-
-
-
950
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
-
950
-
income
25
-
190
-
total
25
-
190
-
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%.

823
950
-
-
total
-
-
-
-
Dividends
823
950
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
950
950
950
950
Total tax
66
48
190
9
After tax
884
902
760
941
Living cost
101
101
101
101
Free-cash
783
800
658
840

Estimated living cost  is €101 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
€224
€233
€293
€100
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.

-
-
-
950
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.

-
-
-
10
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.

-
-
-
187
trade
-
-
-
69
total
-
-
-
335
Employee

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

504
-
950
-
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
-
187
-
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
-
10
-
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
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
446
950
-
-
trade
64
136
-
-
income
67
142
-
-
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
8
-
-
total
137
289
-
-
Dividends
309
660
-
-
withholding
73
161
-
-
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
-
-
total
77
170
-
-
Income
950
950
950
950
Total tax
326
459
266
335
After tax
624
491
684
615
Living cost
391
391
391
391
Free-cash
233
100
293
224

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
€302
€285
€377
€173
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.

-
-
-
950
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.

-
-
-
10
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.

-
-
-
187
trade
-
-
-
75
total
-
-
-
341
Employee

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

388
-
950
-
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
-
187
-
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
-
10
-
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
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
562
950
-
-
trade
89
150
-
-
income
84
142
-
-
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.

5
8
-
-
total
180
303
-
-
Dividends
382
647
-
-
withholding
92
158
-
-
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
9
-
-
total
97
167
-
-
Income
950
950
950
950
Total tax
358
470
266
341
After tax
592
480
684
609
Living cost
307
307
307
307
Free-cash
285
173
377
302

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
€207
€221
€286
€78
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.

-
-
-
950
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.

-
-
-
10
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.

-
-
-
187
trade
-
-
-
79
total
-
-
-
345
Employee

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

514
-
950
-
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
-
187
-
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
-
10
-
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
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
436
950
-
-
trade
72
156
-
-
income
65
142
-
-
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
8
-
-
total
143
309
-
-
Dividends
293
640
-
-
withholding
69
156
-
-
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
-
-
total
73
165
-
-
Income
950
950
950
950
Total tax
331
474
266
345
After tax
619
476
684
605
Living cost
398
398
398
398
Free-cash
221
78
286
207

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
€138
€171
€220
€7
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.

-
-
-
950
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.

-
-
-
10
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.

-
-
-
187
trade
-
-
-
82
total
-
-
-
348
Employee

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

609
-
950
-
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
-
187
-
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
-
10
-
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
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
341
950
-
-
trade
58
163
-
-
income
51
142
-
-
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
8
-
-
total
114
316
-
-
Dividends
227
634
-
-
withholding
53
155
-
-
surtax

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

3
8
-
-
total
56
163
-
-
Income
950
950
950
950
Total tax
315
479
266
348
After tax
635
471
684
602
Living cost
464
464
464
464
Free-cash
171
7
220
138

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
€268
€335
€248
€370
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
-
-
-
950
surtax
-
-
-
20
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
income
-
-
-
175
other
-
-
-
-
total
-
-
-
454
Employee
341
-
785
-
unemployment
24
-
55
-
other
-
-
-
-
income
57
-
163
-
surtax
1
-
18
-
pensions
23
-
52
-
health
9
-
20
-
total
114
-
308
-
Employer
341
-
785
-
pensions
46
-
105
-
other
-
-
-
-
health
16
-
36
-
unemployment
11
-
25
-
total
73
-
166
-
Corporate
537
950
-
-
income
140
247
-
-
total
140
247
-
-
Dividends
397
703
-
-
withholding
60
105
-
-
total
60
105
-
-
Income
950
950
950
950
Total tax
387
352
474
454
After tax
563
598
476
496
Living cost
228
228
228
228
Free-cash
335
370
248
268

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
€272
€342
€252
€374
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
-
-
-
950
surtax
-
-
-
20
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
income
-
-
-
175
other
-
-
-
-
total
-
-
-
454
Employee
335
-
785
-
unemployment
23
-
55
-
other
-
-
-
-
income
56
-
163
-
surtax
1
-
18
-
pensions
22
-
52
-
health
9
-
20
-
total
111
-
308
-
Employer
335
-
785
-
pensions
45
-
105
-
other
-
-
-
-
health
15
-
36
-
unemployment
11
-
25
-
total
71
-
166
-
Corporate
544
950
-
-
income
142
247
-
-
total
142
247
-
-
Dividends
403
703
-
-
withholding
60
105
-
-
total
60
105
-
-
Income
950
950
950
950
Total tax
384
352
474
454
After tax
566
598
476
496
Living cost
224
224
224
224
Free-cash
342
374
252
272

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
€455
€337
€348
€332
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
-
-
-
950
unemployment
-
-
-
14
health
-
-
-
67
pensions
-
-
-
95
income
-
-
-
116
total
-
-
-
292
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
795
-
unemployment
4
2
12
-
income
36
14
97
-
pensions
29
12
79
-
health
21
8
56
-
total
90
36
244
-
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
795
-
pensions
57
23
155
-
total
57
23
155
-
Corporate
600
811
-
-
income
54
73
-
-
total
54
73
-
-
Dividends
546
738
-
-
withholding
104
140
-
-
social contributions
105
143
-
-
total
209
283
-
-
Income
950
950
950
950
Total tax
410
415
399
292
After tax
540
535
551
658
Living cost
203
203
203
203
Free-cash
337
332
348
455

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
€84
€95
€91
€103
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
-
-
-
950
national
-
-
-
153
pensions
-
-
-
114
social contributions
-
-
-
10
municipal
-
-
-
99
total
-
-
-
376
Employee
760
-
821
-
municipal
94
-
102
-
national
145
-
159
-
pensions
30
-
33
-
total
269
-
294
-
Employer
760
-
821
-
pensions
61
-
66
-
social contributions
8
-
9
-
total
69
-
75
-
Corporate
71
950
-
-
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%.

14
190
-
-
total
14
190
-
-
Dividends
57
760
-
-
withholding
13
167
-
-
total
13
167
-
-
Income
950
950
950
950
Total tax
365
357
369
376
After tax
585
593
581
574
Living cost
490
490
490
490
Free-cash
95
103
91
84

Estimated living cost  is €490 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Dublin , Ireland
€78
€109
€78
€88
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
-
-
-
950
social contributions
-
-
-
83
income
-
-
-
212
total
-
-
-
295
Employee
793
-
950
-
social contributions
66
-
83
-
income
150
-
212
-
total
216
-
295
-
Employer
793
-
950
-
total
-
-
-
-
Corporate
157
950
-
-
income
20
119
-
-
total
20
119
-
-
Dividends
138
831
-
-
withholding
28
166
-
-
total
28
166
-
-
Income
950
950
950
950
Total tax
264
285
295
295
After tax
686
665
655
655
Living cost
577
577
577
577
Free-cash
109
88
78
78

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
€65
€26
€20
€79
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
-
-
-
950
national
-
-
-
197
regional
-
-
-
10
social contributions
-
-
-
244
municipal
-
-
-
6
total
-
-
-
457
Employee
901
-
950
-
municipal
5
-
5
-
national
156
-
168
-
social contributions
304
-
320
-
regional
8
-
9
-
total
473
-
502
-
Employer
901
-
950
-
total
-
-
-
-
Corporate
49
950
-
-
nationa
12
228
-
-
municipal
2
37
-
-
total
14
265
-
-
Dividends
36
685
-
-
withholding
9
178
-
-
total
9
178
-
-
Income
950
950
950
950
Total tax
496
443
502
457
After tax
454
507
448
493
Living cost
428
428
428
428
Free-cash
26
79
20
65

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
€216
€203
€171
€227
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
-
-
-
950
national
-
-
-
197
regional
-
-
-
14
social contributions
-
-
-
244
municipal
-
-
-
6
total
-
-
-
461
Employee
562
-
950
-
municipal
3
-
5
-
national
89
-
168
-
social contributions
190
-
320
-
regional
8
-
13
-
total
290
-
506
-
Employer
562
-
950
-
total
-
-
-
-
Corporate
388
950
-
-
nationa
93
228
-
-
municipal
19
47
-
-
total
112
275
-
-
Dividends
276
675
-
-
withholding
72
175
-
-
total
72
175
-
-
Income
950
950
950
950
Total tax
474
450
506
461
After tax
476
500
444
489
Living cost
273
273
273
273
Free-cash
203
227
171
216

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