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
€550
€450
€422
€517
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
€212
-€28
€165
€208
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
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
health
-
-
-
73
pensions
-
-
-
176
income
-
-
-
147
surtax
-
-
-
-
total
-
-
-
462
Employee
443
404
738
-
health
17
16
29
-
pensions
45
41
76
-
other
4
4
7
-
unemployment
13
12
22
-
income
39
30
133
-
total
118
103
267
-
Employer
443
404
738
-
pensions
56
51
93
-
accident
6
5
10
-
unemployment
13
12
22
-
surtax
-
-
-
-
payroll
13
12
22
-
chamber of commerce
2
2
3
-
health
17
15
28
-
other
21
19
35
-
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
€177
-€59
€129
€160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
health
-
-
-
73
pensions
-
-
-
176
income
-
-
-
147
surtax
-
-
-
2
total
-
-
-
464
Employee
506
404
736
-
health
20
16
28
-
pensions
52
41
75
-
other
5
4
7
-
unemployment
15
12
22
-
income
58
30
132
-
total
150
103
264
-
Employer
506
404
736
-
pensions
64
51
92
-
accident
7
5
10
-
unemployment
15
12
22
-
surtax
2
2
2
-
payroll
15
12
22
-
chamber of commerce
2
2
3
-
health
19
15
28
-
other
24
19
35
-
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
€164
€6
€84
€12
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
-
-
-
145
communal

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

-
-
-
48
national
-
-
-
303
total
-
-
-
496
Employee

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

725
-
736
-
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
-
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
-
communal

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

38
-
38
-
national
223
-
227
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
6
-
total
355
-
361
-
Employer

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

725
-
736
-
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
-
surtax
82
-
83
-
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
-
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
-
total
211
-
214
-
Corporate
14
950
-
-
surtax
-
4
-
-
income
3
190
-
-
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
€638
€568
€539
€577
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
-
-
-
143
total
-
-
-
237
Employee
231
-
881
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
income
23
-
88
-
total
57
-
139
-
Employer
231
-
881
-
accident

We are using the highest rate at 1.1%.

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

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

25
-
39
-
total
45
-
69
-
Corporate
674
950
-
-
income
67
95
-
-
total
67
95
-
-
Dividends
607
855
-
-
withholding
30
43
-
-
total
30
43
-
-
Income
950
950
950
950
Total tax
199
138
208
237
After tax
751
812
742
713
Living cost
174
174
174
174
Free-cash
577
638
568
539

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
€679
€609
€580
€633
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
-
-
-
143
total
-
-
-
237
Employee
176
-
881
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
16
-
pensions

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

15
-
31
-
income
18
-
88
-
total
43
-
139
-
Employer
176
-
881
-
accident

We are using the highest rate at 1.1%.

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

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

19
-
39
-
total
34
-
69
-
Corporate
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
237
After tax
766
812
742
713
Living cost
133
133
133
133
Free-cash
633
679
609
580

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
€461
€445
€448
€406
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
-
-
-
148
health
-
-
-
24
income
-
-
-
95
total
-
-
-
267
Employee
779
779
862
-
health
6
13
15
-
social contributions
29
65
72
-
income
85
72
95
-
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
€367
€351
€354
€324
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
-
-
-
148
health
-
-
-
24
income
-
-
-
95
total
-
-
-
267
Employee
779
779
862
-
health
8
13
15
-
social contributions
38
65
72
-
income
82
72
95
-
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
€416
€244
€225
€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
-
-
-
950
social contributions
-
-
-
277
health
-
-
-
128
solidarity contribution
-
-
-
-
income
-
-
-
82
total
-
-
-
487
Employee
351
-
709
-
health
47
-
96
-
social contributions
23
-
46
-
solidarity contribution
-
-
-
-
income
42
-
85
-
total
112
-
227
-
Employer
351
-
709
-
social contributions
88
-
177
-
health
32
-
64
-
total
120
-
241
-
Corporate
480
950
-
-
income
91
181
-
-
total
91
181
-
-
Dividends
389
769
-
-
withholding
58
115
-
-
total
58
115
-
-
Income
950
950
950
950
Total tax
381
296
468
487
After tax
569
654
482
463
Living cost
238
238
238
238
Free-cash
331
416
244
225

Estimated living cost  is €238 per week

€166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
€360
€188
€169
€256
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
-
-
-
277
health
-
-
-
128
solidarity contribution
-
-
-
-
income
-
-
-
82
total
-
-
-
487
Employee
432
-
709
-
health
58
-
96
-
social contributions
28
-
46
-
solidarity contribution
-
-
-
-
income
52
-
85
-
total
138
-
227
-
Employer
432
-
709
-
social contributions
108
-
177
-
health
39
-
64
-
total
147
-
241
-
Corporate
371
950
-
-
income
70
181
-
-
total
70
181
-
-
Dividends
300
769
-
-
withholding
45
115
-
-
total
45
115
-
-
Income
950
950
950
950
Total tax
400
296
468
487
After tax
550
654
482
463
Living cost
294
294
294
294
Free-cash
256
360
188
169

Estimated living cost  is €294 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-€1264
-€1264
€104
-€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
labour market
-
-
-
75
municipal
-
-
-
173
pensions
-
-
-
9
national
-
-
-
100
total
-
-
-
357
Employee
2 065
2 065
2 065
-
municipal
440
440
440
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
total
860
860
860
-
Employer
2 065
2 065
2 065
-
labour market
165
165
165
-
national
253
253
253
-
municipal
441
441
441
-
pensions
6
6
6
-
total
865
865
865
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
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
€515
€303
€264
€452
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
-
pensions
6
-
14
-
unemployment
5
-
11
-
income
32
-
137
-
total
43
-
162
-
Employer
287
-
710
-
pensions
58
-
142
-
unemployment
2
-
6
-
health
37
-
92
-
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
€247
€157
€293
€220
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
health
-
-
-
10
municipal
-
-
-
169
national
-
-
-
89
total
-
-
-
268
Employee
533
-
799
-
health
4
-
8
-
municipal
87
-
131
-
pensions
36
-
54
-
national
9
-
48
-
unemployment
8
-
12
-
total
144
-
253
-
Employer
533
-
799
-
accident
1
-
1
-
unemployment
3
-
5
-
health
4
-
6
-
pensions
92
-
139
-
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
€166
€231
€237
€222
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
-
-
-
27
health
-
-
-
14
pensions
-
-
-
249
other
-
-
-
29
income
-
-
-
82
surtax
-
-
-
-
total
-
-
-
401
Employee
387
-
724
-
income
20
-
78
-
social contributions
11
-
21
-
pensions
44
-
82
-
surtax
-
-
-
-
total
75
-
181
-
Employer
387
-
724
-
pensions
64
-
119
-
social contributions
1
-
2
-
unemployment
16
-
29
-
health
27
-
51
-
other
13
-
25
-
total
121
-
226
-
Corporate
442
950
-
-
surtax
-
-
-
-
income
124
266
-
-
total
124
266
-
-
Dividends
318
684
-
-
surtax
-
-
-
-
withholding
41
88
-
-
social contributions
55
118
-
-
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
€131
€196
€202
€192
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
-
-
-
27
health
-
-
-
14
pensions
-
-
-
249
other
-
-
-
29
income
-
-
-
82
surtax
-
-
-
-
total
-
-
-
401
Employee
434
-
724
-
income
26
-
78
-
social contributions
12
-
21
-
pensions
49
-
82
-
surtax
-
-
-
-
total
87
-
181
-
Employer
434
-
724
-
pensions
71
-
119
-
social contributions
1
-
2
-
unemployment
18
-
29
-
health
30
-
51
-
other
15
-
25
-
total
135
-
226
-
Corporate
381
950
-
-
surtax
-
-
-
-
income
107
266
-
-
total
107
266
-
-
Dividends
274
684
-
-
surtax
-
-
-
-
withholding
35
88
-
-
social contributions
47
118
-
-
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
-€11
€54
€60
€60
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
27
health
-
-
-
14
pensions
-
-
-
249
other
-
-
-
29
income
-
-
-
82
surtax
-
-
-
-
total
-
-
-
401
Employee
635
-
724
-
income
55
-
78
-
social contributions
18
-
21
-
pensions
72
-
82
-
surtax
-
-
-
-
total
145
-
181
-
Employer
635
-
724
-
pensions
104
-
119
-
social contributions
2
-
2
-
unemployment
26
-
29
-
health
44
-
51
-
other
22
-
25
-
total
198
-
226
-
Corporate
117
950
-
-
surtax
-
-
-
-
income
33
266
-
-
total
33
266
-
-
Dividends
84
684
-
-
surtax
-
-
-
-
withholding
11
88
-
-
social contributions
14
118
-
-
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
€831
€688
€868
€817
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.

-
-
-
10
total
-
-
-
10
Employee
89
-
950
-
income
18
-
190
-
total
18
-
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%.

861
950
-
-
total
-
-
-
-
Dividends
861
950
-
-
withholding
43
47
-
-
total
43
47
-
-
Income
950
950
950
950
Total tax
61
47
190
10
After tax
889
903
760
940
Living cost
72
72
72
72
Free-cash
817
831
688
868

Estimated living cost  is €72 per week

€44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
€792
€649
€829
€770
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.

-
-
-
10
total
-
-
-
10
Employee
139
-
950
-
income
28
-
190
-
total
28
-
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%.

811
950
-
-
total
-
-
-
-
Dividends
811
950
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
950
950
950
950
Total tax
69
47
190
10
After tax
881
903
760
940
Living cost
111
111
111
111
Free-cash
770
792
649
829

Estimated living cost  is €111 per week

€75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€100
€293
€224
€233
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
trade
-
-
-
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
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
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
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

2
-
10
-
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
-
total
112
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
446
950
-
-
trade
64
136
-
-
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
-
-
chamber of commerce
2
3
-
-
income
67
142
-
-
total
137
289
-
-
Dividends
309
660
-
-
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
-
-
withholding
73
161
-
-
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
€173
€377
€302
€285
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
trade
-
-
-
75
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
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
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
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

1
-
10
-
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
-
total
81
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
562
950
-
-
trade
89
150
-
-
surtax

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

5
8
-
-
chamber of commerce
2
3
-
-
income
84
142
-
-
total
180
303
-
-
Dividends
382
647
-
-
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
-
-
withholding
92
158
-
-
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
€78
€286
€207
€221
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
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
trade
-
-
-
79
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
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
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
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

2
-
10
-
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
-
total
115
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
436
950
-
-
trade
72
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
8
-
-
chamber of commerce
2
3
-
-
income
65
142
-
-
total
143
309
-
-
Dividends
293
640
-
-
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
-
-
withholding
69
156
-
-
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
€7
€220
€138
€171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
trade
-
-
-
82
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
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
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
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

4
-
10
-
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
-
total
145
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
341
950
-
-
trade
58
163
-
-
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
-
-
chamber of commerce
2
3
-
-
income
51
142
-
-
total
114
316
-
-
Dividends
227
634
-
-
surtax

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

3
8
-
-
withholding
53
155
-
-
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
€370
€248
€268
€335
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
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
other
-
-
-
-
income
-
-
-
175
surtax
-
-
-
20
total
-
-
-
454
Employee
341
-
785
-
health
9
-
20
-
pensions
23
-
52
-
surtax
1
-
18
-
other
-
-
-
-
unemployment
24
-
55
-
income
57
-
163
-
total
114
-
308
-
Employer
341
-
785
-
pensions
46
-
105
-
unemployment
11
-
25
-
health
16
-
36
-
other
-
-
-
-
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
€374
€252
€272
€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
-
-
-
950
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
other
-
-
-
-
income
-
-
-
175
surtax
-
-
-
20
total
-
-
-
454
Employee
335
-
785
-
health
9
-
20
-
pensions
22
-
52
-
surtax
1
-
18
-
other
-
-
-
-
unemployment
23
-
55
-
income
56
-
163
-
total
111
-
308
-
Employer
335
-
785
-
pensions
45
-
105
-
unemployment
11
-
25
-
health
15
-
36
-
other
-
-
-
-
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
€337
€352
€459
€341
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.

287
114
795
-
health
20
8
56
-
pensions
29
11
79
-
unemployment
4
2
12
-
income
35
14
97
-
total
88
35
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.

287
114
795
-
pensions
56
22
155
-
total
56
22
155
-
Corporate
607
814
-
-
income
55
73
-
-
total
55
73
-
-
Dividends
552
740
-
-
withholding
105
141
-
-
social contributions
106
143
-
-
total
211
284
-
-
Income
950
950
950
950
Total tax
410
414
399
292
After tax
540
536
551
658
Living cost
199
199
199
199
Free-cash
341
337
352
459

Estimated living cost  is €199 per week

€136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
€81
€70
€64
€71
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
-
-
-
10
municipal
-
-
-
98
pensions
-
-
-
114
national
-
-
-
152
total
-
-
-
374
Employee
793
-
821
-
municipal
98
-
102
-
pensions
32
-
33
-
national
152
-
158
-
total
282
-
293
-
Employer
793
-
821
-
social contributions
9
-
9
-
pensions
63
-
66
-
total
72
-
75
-
Corporate
33
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%.

7
190
-
-
total
7
190
-
-
Dividends
26
760
-
-
withholding
6
167
-
-
total
6
167
-
-
Income
950
950
950
950
Total tax
367
357
368
374
After tax
583
593
582
576
Living cost
512
512
512
512
Free-cash
71
81
70
64

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
€88
€78
€78
€109
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
€79
€20
€65
€26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
regional
-
-
-
10
social contributions
-
-
-
244
municipal
-
-
-
6
national
-
-
-
197
total
-
-
-
457
Employee
901
-
950
-
regional
8
-
9
-
municipal
5
-
5
-
social contributions
304
-
320
-
national
156
-
168
-
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
€227
€171
€216
€203
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
regional
-
-
-
14
social contributions
-
-
-
244
municipal
-
-
-
6
national
-
-
-
197
total
-
-
-
461
Employee
562
-
950
-
regional
8
-
13
-
municipal
3
-
5
-
social contributions
190
-
320
-
national
89
-
168
-
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