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
£ 1000
per

Your estimated
City
free-cash

Andorra , Andorra
£486
£598
£513
£629
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
-
-
-
1 000
social contributions
-
-
-
220
income
-
-
-
23
total
-
-
-
243
Employee
290
-
866
-
social contributions
19
-
56
-
income
-
-
26
-
total
19
-
82
-
Employer
290
-
866
-
social contributions
45
-
134
-
total
45
-
134
-
Corporate
665
1 000
-
-
income
67
100
-
-
total
67
100
-
-
Dividends
599
900
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
131
100
216
243
After tax
869
900
784
757
Living cost
271
271
271
271
Free-cash
598
629
513
486

Estimated living cost  is £271 per week

£175
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.
£70
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
£213
£268
£5
£272
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
-
-
-
1 000
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
77
chamber of commerce
-
-
-
4
pensions
-
-
-
185
income
-
-
-
179
total
-
-
-
500
Employee
394
359
776
-
unemployment
12
11
23
-
other
4
4
8
-
income
35
26
159
-
pensions
40
37
80
-
health
15
14
30
-
total
106
92
300
-
Employer
394
359
776
-
pensions
49
45
97
-
surtax
-
-
-
-
payroll
12
11
23
-
other
19
17
37
-
health
15
14
29
-
accident
5
5
10
-
unemployment
12
11
23
-
chamber of commerce
2
1
3
-
total
114
104
222
-
Corporate
493
538
742
-
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.

123
134
186
-
total
123
134
186
-
Dividends
370
403
-
-
withholding
102
111
-
-
total
102
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
445
441
708
500
After tax
555
559
292
500
Living cost
287
287
287
287
Free-cash
268
272
5
213

Estimated living cost  is £287 per week

£172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
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.
£81
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
£181
£228
-£25
£240
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
-
-
-
1 000
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
77
chamber of commerce
-
-
-
4
pensions
-
-
-
185
income
-
-
-
179
total
-
-
-
502
Employee
450
359
775
-
unemployment
14
11
23
-
other
4
4
8
-
income
51
26
159
-
pensions
46
37
79
-
health
17
14
30
-
total
132
92
299
-
Employer
450
359
775
-
pensions
56
45
97
-
surtax
2
2
2
-
payroll
14
11
23
-
other
21
17
37
-
health
17
14
29
-
accident
6
5
10
-
unemployment
14
11
23
-
chamber of commerce
2
1
3
-
total
132
106
224
-
Corporate
418
536
741
-
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.

105
134
185
-
total
105
134
185
-
Dividends
314
402
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
455
443
708
502
After tax
545
557
292
498
Living cost
317
317
317
317
Free-cash
228
240
-25
181

Estimated living cost  is £317 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
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.
£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

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
£130
£97
£56
£232
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
-
-
-
1 000
national
-
-
-
331
communal

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

-
-
-
50
social contributions
-
-
-
161
total
-
-
-
542
Employee

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

644
-
775
-
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
-
7
-
national
198
-
249
-
communal

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

34
-
40
-
pensions

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

48
-
58
-
health

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

30
-
36
-
total
316
-
390
-
Employer

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

644
-
775
-
surtax
73
-
88
-
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.

57
-
69
-
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.

40
-
48
-
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.

8
-
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.

9
-
11
-
total
187
-
226
-
Corporate
168
1 000
-
-
income
34
200
-
-
surtax
1
4
-
-
total
35
204
-
-
Dividends
134
796
-
-
withholding

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

37
236
-
-
total
37
236
-
-
Income
1 000
1 000
1 000
1 000
Total tax
575
440
616
542
After tax
425
560
384
458
Living cost
328
328
328
328
Free-cash
97
232
56
130

Estimated living cost  is £328 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
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.
£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
Sofia , Bulgaria
£611
£646
£644
£700
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
-
-
-
1 000
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
150
total
-
-
-
234
Employee
205
-
938
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
94
-
pensions

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

18
-
28
-
health
9
-
14
-
total
50
-
139
-
Employer
205
-
938
-
pensions

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

23
-
35
-
health
14
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
40
-
62
-
Corporate
754
1 000
-
-
income
75
100
-
-
total
75
100
-
-
Dividends
679
900
-
-
withholding
34
45
-
-
total
34
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
199
145
201
234
After tax
801
855
799
766
Living cost
155
155
155
155
Free-cash
646
700
644
611

Estimated living cost  is £155 per week

£103
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.
£40
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
£648
£694
£681
£737
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
-
-
-
1 000
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
150
total
-
-
-
234
Employee
157
-
938
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
94
-
pensions

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

14
-
28
-
health
7
-
14
-
total
39
-
139
-
Employer
157
-
938
-
pensions

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

17
-
35
-
health
11
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
813
1 000
-
-
income
81
100
-
-
total
81
100
-
-
Dividends
731
900
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
188
145
201
234
After tax
812
855
799
766
Living cost
118
118
118
118
Free-cash
694
737
681
648

Estimated living cost  is £118 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
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.
£38
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
£493
£474
£487
£523
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
-
-
-
1 000
health
-
-
-
26
social contributions
-
-
-
146
income
-
-
-
126
total
-
-
-
298
Employee
693
693
908
-
income
75
64
122
-
social contributions
26
57
75
-
health
5
12
15
-
total
106
133
212
-
Employer
693
693
908
-
social contributions
26
57
75
-
health
6
13
17
-
total
32
70
92
-
Corporate
652
237
-
-
income
82
30
-
-
total
82
30
-
-
Dividends
571
207
-
-
withholding
97
35
-
-
total
97
35
-
-
Income
1 000
1 000
1 000
1 000
Total tax
317
268
304
298
After tax
683
732
696
702
Living cost
209
209
209
209
Free-cash
474
523
487
493

Estimated living cost  is £209 per week

£125
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.
£58
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
£410
£401
£404
£440
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
-
-
-
1 000
health
-
-
-
26
social contributions
-
-
-
146
income
-
-
-
126
total
-
-
-
298
Employee
693
693
908
-
income
73
64
122
-
social contributions
34
57
75
-
health
7
12
15
-
total
114
133
212
-
Employer
693
693
908
-
social contributions
34
57
75
-
health
8
13
17
-
total
42
70
92
-
Corporate
553
237
-
-
income
69
30
-
-
total
69
30
-
-
Dividends
484
207
-
-
withholding
82
35
-
-
total
82
35
-
-
Income
1 000
1 000
1 000
1 000
Total tax
307
268
304
298
After tax
693
732
696
702
Living cost
292
292
292
292
Free-cash
401
440
404
410

Estimated living cost  is £292 per week

£200
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.
£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 Source
Brno , Czech Republic
£279
£406
£298
£481
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
-
-
-
1 000
health
-
-
-
135
social contributions
-
-
-
292
income
-
-
-
86
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
306
-
746
-
income
37
-
90
-
social contributions
20
-
49
-
health
41
-
101
-
solidarity contribution
-
-
-
-
total
98
-
240
-
Employer
306
-
746
-
social contributions
76
-
187
-
health
28
-
67
-
total
104
-
254
-
Corporate
590
1 000
-
-
income
112
190
-
-
total
112
190
-
-
Dividends
478
810
-
-
withholding
72
121
-
-
total
72
121
-
-
Income
1 000
1 000
1 000
1 000
Total tax
386
311
494
513
After tax
614
689
506
487
Living cost
208
208
208
208
Free-cash
406
481
298
279

Estimated living cost  is £208 per week

£144
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.
£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
Prague , Czech Republic
£231
£342
£250
£433
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
-
-
-
1 000
health
-
-
-
135
social contributions
-
-
-
292
income
-
-
-
86
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
377
-
746
-
income
45
-
90
-
social contributions
24
-
49
-
health
51
-
101
-
solidarity contribution
-
-
-
-
total
120
-
240
-
Employer
377
-
746
-
social contributions
94
-
187
-
health
34
-
67
-
total
128
-
254
-
Corporate
495
1 000
-
-
income
94
190
-
-
total
94
190
-
-
Dividends
401
810
-
-
withholding
60
121
-
-
total
60
121
-
-
Income
1 000
1 000
1 000
1 000
Total tax
402
311
494
513
After tax
598
689
506
487
Living cost
256
256
256
256
Free-cash
342
433
250
231

Estimated living cost  is £256 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
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.
£47
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
£179
-£969
-£969
-£969
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
-
-
-
1 000
national
-
-
-
108
pensions
-
-
-
8
municipal
-
-
-
191
labour market
-
-
-
79
total
-
-
-
386
Employee
1 836
1 836
1 836
-
municipal
391
391
391
-
national
224
224
224
-
pensions
3
3
3
-
labour market
147
147
147
-
total
765
765
765
-
Employer
1 836
1 836
1 836
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
392
392
392
-
national
225
225
225
-
total
769
769
769
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 534
1 534
1 534
386
After tax
-534
-534
-534
614
Living cost
435
435
435
435
Free-cash
-969
-969
-969
179

Estimated living cost  is £435 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£92
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
£318
£526
£359
£582
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
-
-
-
1 000
health
-
-
-
130
pensions
-
-
-
200
income
-
-
-
134
total
-
-
-
464
Employee
256
-
747
-
unemployment
4
-
12
-
income
29
-
144
-
pensions
5
-
15
-
total
38
-
171
-
Employer
256
-
747
-
pensions
51
-
149
-
health
33
-
97
-
unemployment
2
-
6
-
total
86
-
252
-
Corporate
658
1 000
-
-
income
132
200
-
-
total
132
200
-
-
Dividends
526
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
256
200
423
464
After tax
744
800
577
536
Living cost
218
218
218
218
Free-cash
526
582
359
318

Estimated living cost  is £218 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
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.
£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
Helsinki , Finland
£353
£302
£217
£311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
national
-
-
-
111
health
-
-
-
12
municipal
-
-
-
178
total
-
-
-
301
Employee
474
-
841
-
unemployment
7
-
13
-
municipal
78
-
137
-
national
8
-
63
-
pensions
32
-
57
-
health
4
-
9
-
total
129
-
279
-
Employer
474
-
841
-
pensions
82
-
146
-
health
4
-
6
-
accident
-
-
1
-
unemployment
3
-
5
-
total
89
-
158
-
Corporate
437
1 000
-
-
income
87
200
-
-
total
87
200
-
-
Dividends

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

262
600
-
-
municipal
47
108
-
-
national
-
35
-
-
total
47
143
-
-
Income
1 000
1 000
1 000
1 000
Total tax
352
343
437
301
After tax
648
657
563
699
Living cost
346
346
346
346
Free-cash
302
311
217
353

Estimated living cost  is £346 per week

£226
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.
£81
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
£296
£274
£336
£226
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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
24
pensions
-
-
-
234
social contributions
-
-
-
28
income
-
-
-
109
other
-
-
-
31
total
-
-
-
426
Employee
344
-
806
-
income
18
-
127
-
surtax
-
-
-
-
social contributions
10
-
23
-
pensions
39
-
42
-
total
67
-
192
-
Employer
344
-
806
-
pensions
57
-
73
-
social contributions
1
-
2
-
other
12
-
28
-
health
24
-
58
-
unemployment
14
-
33
-
total
108
-
194
-
Corporate
548
1 000
-
-
income
154
280
-
-
surtax
-
-
-
-
total
154
280
-
-
Dividends
395
720
-
-
withholding
51
92
-
-
social contributions
68
124
-
-
surtax
-
-
-
-
total
119
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
448
496
386
426
After tax
552
504
614
574
Living cost
278
278
278
278
Free-cash
274
226
336
296

Estimated living cost  is £278 per week

£161
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.
£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
Nice , France
£266
£249
£306
£196
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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
24
pensions
-
-
-
234
social contributions
-
-
-
28
income
-
-
-
109
other
-
-
-
31
total
-
-
-
426
Employee
386
-
806
-
income
23
-
127
-
surtax
-
-
-
-
social contributions
11
-
23
-
pensions
44
-
42
-
total
78
-
192
-
Employer
386
-
806
-
pensions
63
-
73
-
social contributions
1
-
2
-
other
13
-
28
-
health
27
-
58
-
unemployment
16
-
33
-
total
120
-
194
-
Corporate
494
1 000
-
-
income
138
280
-
-
surtax
-
-
-
-
total
138
280
-
-
Dividends
356
720
-
-
withholding
46
92
-
-
social contributions
61
124
-
-
surtax
-
-
-
-
total
107
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
443
496
386
426
After tax
557
504
614
574
Living cost
308
308
308
308
Free-cash
249
196
306
266

Estimated living cost  is £308 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
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.
£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
Paris , France
£139
£131
£179
£69
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
-
-
-
1 000
surtax
-
-
-
-
health
-
-
-
24
pensions
-
-
-
234
social contributions
-
-
-
28
income
-
-
-
109
other
-
-
-
31
total
-
-
-
426
Employee
564
-
806
-
income
49
-
127
-
surtax
-
-
-
-
social contributions
16
-
23
-
pensions
64
-
42
-
total
129
-
192
-
Employer
564
-
806
-
pensions
93
-
73
-
social contributions
2
-
2
-
other
19
-
28
-
health
39
-
58
-
unemployment
23
-
33
-
total
176
-
194
-
Corporate
260
1 000
-
-
income
73
280
-
-
surtax
-
-
-
-
total
73
280
-
-
Dividends
187
720
-
-
withholding
24
92
-
-
social contributions
32
124
-
-
surtax
-
-
-
-
total
56
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
434
496
386
426
After tax
566
504
614
574
Living cost
435
435
435
435
Free-cash
131
69
179
139

Estimated living cost  is £435 per week

£294
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.
£99
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
£932
£881
£742
£892
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%.

-
-
-
1 000
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
73
-
1 000
-
income
15
-
200
-
total
15
-
200
-
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%.

927
1 000
-
-
total
-
-
-
-
Dividends
927
1 000
-
-
withholding
46
50
-
-
total
46
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
61
50
200
10
After tax
939
950
800
990
Living cost
58
58
58
58
Free-cash
881
892
742
932

Estimated living cost  is £58 per week

£36
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.
£16
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
£899
£842
£709
£859
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%.

-
-
-
1 000
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
114
-
1 000
-
income
23
-
200
-
total
23
-
200
-
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%.

886
1 000
-
-
total
-
-
-
-
Dividends
886
1 000
-
-
withholding
44
50
-
-
total
44
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
67
50
200
10
After tax
933
950
800
990
Living cost
91
91
91
91
Free-cash
842
859
709
899

Estimated living cost  is £91 per week

£61
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.
£23
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
£266
£285
£349
£169
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.

-
-
-
1 000
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.

-
-
-
13
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.

-
-
-
62
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
228
trade
-
-
-
83
total
-
-
-
386
Employee

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

448
-
1 000
-
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.

37
-
228
-
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
-
13
-
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.

62
-
62
-
total
101
-
303
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
552
1 000
-
-
trade
79
143
-
-
income
83
150
-
-
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
169
304
-
-
Dividends
383
695
-
-
withholding
92
170
-
-
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
179
-
-
Income
1 000
1 000
1 000
1 000
Total tax
367
483
303
386
After tax
633
517
697
614
Living cost
348
348
348
348
Free-cash
285
169
349
266

Estimated living cost  is £348 per week

£240
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.
£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 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
£332
£332
£424
£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.

-
-
-
1 000
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.

-
-
-
13
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.

-
-
-
62
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
228
trade
-
-
-
92
total
-
-
-
395
Employee

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

345
-
1 000
-
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.

10
-
228
-
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
-
13
-
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.

62
-
62
-
total
73
-
303
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
655
1 000
-
-
trade
103
157
-
-
income
98
150
-
-
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
208
318
-
-
Dividends
446
681
-
-
withholding
108
167
-
-
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.

6
9
-
-
total
114
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
395
494
303
395
After tax
605
506
697
605
Living cost
273
273
273
273
Free-cash
332
233
424
332

Estimated living cost  is £273 per week

£172
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.
£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.
£64
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
£247
£274
£343
£146
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.

-
-
-
1 000
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.

-
-
-
13
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.

-
-
-
62
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
228
trade
-
-
-
96
total
-
-
-
399
Employee

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

457
-
1 000
-
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.

39
-
228
-
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
-
13
-
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.

62
-
62
-
total
103
-
303
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
543
1 000
-
-
trade
89
165
-
-
income
81
150
-
-
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
176
326
-
-
Dividends
366
674
-
-
withholding
88
165
-
-
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
93
174
-
-
Income
1 000
1 000
1 000
1 000
Total tax
372
500
303
399
After tax
628
500
697
601
Living cost
354
354
354
354
Free-cash
274
146
343
247

Estimated living cost  is £354 per week

£237
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.
£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.
£75
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
£184
£226
£284
£83
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.

-
-
-
1 000
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.

-
-
-
13
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.

-
-
-
62
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
228
trade
-
-
-
100
total
-
-
-
403
Employee

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

541
-
1 000
-
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.

64
-
228
-
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
-
13
-
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.

62
-
62
-
total
130
-
303
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
459
1 000
-
-
trade
79
171
-
-
income
69
150
-
-
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
154
332
-
-
Dividends
305
667
-
-
withholding
73
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.

4
9
-
-
total
77
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
361
504
303
403
After tax
639
496
697
597
Living cost
413
413
413
413
Free-cash
226
83
284
184

Estimated living cost  is £413 per week

£301
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.
£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.
£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

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
£298
£398
£283
£427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
surtax
-
-
-
26
unemployment
-
-
-
2
health
-
-
-
71
pensions
-
-
-
200
income
-
-
-
201
other
-
-
-
-
total
-
-
-
500
Employee
303
-
826
-
unemployment
21
-
57
-
other
-
-
-
-
income
51
-
185
-
surtax
1
-
23
-
pensions
20
-
55
-
health
8
-
21
-
total
101
-
341
-
Employer
303
-
826
-
pensions
40
-
110
-
other
-
-
-
-
health
14
-
38
-
unemployment
10
-
26
-
total
64
-
174
-
Corporate
633
1 000
-
-
income
165
260
-
-
total
165
260
-
-
Dividends
468
740
-
-
withholding
70
111
-
-
total
70
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
400
371
515
500
After tax
600
629
485
500
Living cost
202
202
202
202
Free-cash
398
427
283
298

Estimated living cost  is £202 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
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.
£58
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
£301
£401
£286
£430
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
-
-
-
1 000
surtax
-
-
-
26
unemployment
-
-
-
2
health
-
-
-
71
pensions
-
-
-
200
income
-
-
-
201
other
-
-
-
-
total
-
-
-
500
Employee
298
-
826
-
unemployment
21
-
57
-
other
-
-
-
-
income
50
-
185
-
surtax
1
-
23
-
pensions
20
-
55
-
health
8
-
21
-
total
100
-
341
-
Employer
298
-
826
-
pensions
40
-
110
-
other
-
-
-
-
health
14
-
38
-
unemployment
9
-
26
-
total
63
-
174
-
Corporate
639
1 000
-
-
income
166
260
-
-
total
166
260
-
-
Dividends
473
740
-
-
withholding
71
111
-
-
total
71
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
400
371
515
500
After tax
600
629
485
500
Living cost
199
199
199
199
Free-cash
401
430
286
301

Estimated living cost  is £199 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
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
Budapest , Hungary
£514
£387
£400
£384
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
-
-
-
1 000
unemployment
-
-
-
15
health
-
-
-
70
pensions
-
-
-
100
income
-
-
-
122
total
-
-
-
307
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.

258
103
837
-
unemployment
4
2
13
-
income
32
13
102
-
pensions
26
10
84
-
health
18
7
59
-
total
80
32
258
-
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.

258
103
837
-
pensions
50
20
163
-
total
50
20
163
-
Corporate
691
877
-
-
income
62
79
-
-
total
62
79
-
-
Dividends
629
798
-
-
withholding
120
152
-
-
social contributions
122
154
-
-
total
242
306
-
-
Income
1 000
1 000
1 000
1 000
Total tax
434
437
421
307
After tax
566
563
579
693
Living cost
179
179
179
179
Free-cash
387
384
400
514

Estimated living cost  is £179 per week

£122
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.
£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.
£39
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
£163
£181
£171
£188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
164
pensions
-
-
-
120
social contributions
-
-
-
11
municipal
-
-
-
106
total
-
-
-
401
Employee
676
-
864
-
municipal
84
-
110
-
national
129
-
170
-
pensions
27
-
35
-
total
240
-
315
-
Employer
676
-
864
-
pensions
54
-
69
-
social contributions
7
-
9
-
total
61
-
78
-
Corporate
218
1 000
-
-
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%.

44
200
-
-
total
44
200
-
-
Dividends
174
800
-
-
withholding
38
176
-
-
total
38
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
383
376
393
401
After tax
617
624
607
599
Living cost
436
436
436
436
Free-cash
181
188
171
163

Estimated living cost  is £436 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
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.
£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

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
£145
£206
£145
£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
social contributions
-
-
-
91
income
-
-
-
251
total
-
-
-
342
Employee
705
-
1 000
-
social contributions
59
-
91
-
income
133
-
251
-
total
192
-
342
-
Employer
705
-
1 000
-
total
-
-
-
-
Corporate
295
1 000
-
-
income
37
125
-
-
total
37
125
-
-
Dividends
258
875
-
-
withholding
52
175
-
-
total
52
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
281
300
342
342
After tax
719
700
658
658
Living cost
513
513
513
513
Free-cash
206
187
145
145

Estimated living cost  is £513 per week

£390
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.
£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.
£76
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

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
£127
£106
£79
£154
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
-
-
-
1 000
national
-
-
-
219
regional
-
-
-
11
social contributions
-
-
-
257
municipal
-
-
-
6
total
-
-
-
493
Employee
801
-
1 000
-
municipal
4
-
5
-
national
139
-
189
-
social contributions
270
-
337
-
regional
8
-
10
-
total
421
-
541
-
Employer
801
-
1 000
-
total
-
-
-
-
Corporate
199
1 000
-
-
nationa
48
240
-
-
municipal
8
39
-
-
total
56
279
-
-
Dividends
144
721
-
-
withholding
37
187
-
-
total
37
187
-
-
Income
1 000
1 000
1 000
1 000
Total tax
514
466
541
493
After tax
486
534
459
507
Living cost
380
380
380
380
Free-cash
106
154
79
127

Estimated living cost  is £380 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
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
Naples , Italy
£260
£262
£213
£282
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
-
-
-
1 000
national
-
-
-
219
regional
-
-
-
15
social contributions
-
-
-
257
municipal
-
-
-
6
total
-
-
-
497
Employee
500
-
1 000
-
municipal
3
-
5
-
national
79
-
189
-
social contributions
169
-
337
-
regional
7
-
13
-
total
258
-
544
-
Employer
500
-
1 000
-
total
-
-
-
-
Corporate
500
1 000
-
-
nationa
120
240
-
-
municipal
25
50
-
-
total
145
290
-
-
Dividends
355
710
-
-
withholding
92
185
-
-
total
92
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
495
475
544
497
After tax
505
525
456
503
Living cost
243
243
243
243
Free-cash
262
282
213
260

Estimated living cost  is £243 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
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.
£63
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