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
£ 1050
per

Your estimated
City
free-cash

Andorra , Andorra
£521
£643
£549
£674
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
-
-
-
1 050
social contributions
-
-
-
231
income
-
-
-
27
total
-
-
-
258
Employee
290
-
909
-
social contributions
19
-
59
-
income
-
-
30
-
total
19
-
89
-
Employer
290
-
909
-
social contributions
45
-
141
-
total
45
-
141
-
Corporate
715
1 050
-
-
income
72
105
-
-
total
72
105
-
-
Dividends
644
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
136
105
230
258
After tax
914
945
820
792
Living cost
271
271
271
271
Free-cash
643
674
549
521

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
£234
£294
£13
£297
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
-
-
-
1 050
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
80
chamber of commerce
-
-
-
4
pensions
-
-
-
194
income
-
-
-
195
total
-
-
-
528
Employee
394
359
815
-
unemployment
12
11
24
-
other
4
4
8
-
income
35
27
173
-
pensions
40
37
83
-
health
15
14
32
-
total
106
93
320
-
Employer
394
359
815
-
pensions
49
45
102
-
surtax
-
-
-
-
payroll
12
11
24
-
other
19
17
39
-
health
15
14
31
-
accident
5
5
11
-
unemployment
12
11
24
-
chamber of commerce
2
1
3
-
total
114
104
234
-
Corporate
542
587
781
-
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.

136
147
195
-
total
136
147
195
-
Dividends
407
440
-
-
withholding
112
121
-
-
total
112
121
-
-
Income
1 050
1 050
1 050
1 050
Total tax
468
465
749
528
After tax
582
585
301
522
Living cost
288
288
288
288
Free-cash
294
297
13
234

Estimated living cost  is £288 per week

£173
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
£202
£253
-£18
£266
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
-
-
-
1 050
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
80
chamber of commerce
-
-
-
4
pensions
-
-
-
194
income
-
-
-
195
total
-
-
-
530
Employee
451
359
814
-
unemployment
14
11
24
-
other
5
4
8
-
income
51
27
172
-
pensions
46
37
83
-
health
17
14
32
-
total
133
93
319
-
Employer
451
359
814
-
pensions
57
45
102
-
surtax
2
2
2
-
payroll
14
11
24
-
other
21
17
39
-
health
17
14
31
-
accident
6
5
11
-
unemployment
14
11
24
-
chamber of commerce
2
1
3
-
total
133
106
236
-
Corporate
468
585
780
-
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.

117
146
195
-
total
117
146
195
-
Dividends
351
439
-
-
withholding
96
121
-
-
total
96
121
-
-
Income
1 050
1 050
1 050
1 050
Total tax
479
466
750
530
After tax
571
584
300
520
Living cost
318
318
318
318
Free-cash
253
266
-18
202

Estimated living cost  is £318 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
£148
£125
£71
£260
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
-
-
-
1 050
national
-
-
-
352
communal

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

-
-
-
53
social contributions
-
-
-
168
total
-
-
-
573
Employee

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

645
-
813
-
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
-
265
-
communal

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

34
-
42
-
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
-
61
-
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
-
38
-
total
316
-
413
-
Employer

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

645
-
813
-
surtax
73
-
92
-
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
-
72
-
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
-
50
-
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
-
11
-
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
-
12
-
total
187
-
237
-
Corporate
217
1 050
-
-
income
43
210
-
-
surtax
1
4
-
-
total
44
214
-
-
Dividends
173
836
-
-
withholding

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

49
247
-
-
total
49
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
596
461
650
573
After tax
454
589
400
477
Living cost
329
329
329
329
Free-cash
125
260
71
148

Estimated living cost  is £329 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
£654
£689
£689
£743
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
-
-
-
1 050
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
-
-
-
157
total
-
-
-
241
Employee
205
-
988
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
99
-
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
-
144
-
Employer
205
-
988
-
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
804
1 050
-
-
income
80
105
-
-
total
80
105
-
-
Dividends
724
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
206
152
206
241
After tax
844
898
844
809
Living cost
155
155
155
155
Free-cash
689
743
689
654

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
£691
£737
£726
£780
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
-
-
-
1 050
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
-
-
-
157
total
-
-
-
241
Employee
157
-
988
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
99
-
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
-
144
-
Employer
157
-
988
-
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
863
1 050
-
-
income
86
105
-
-
total
86
105
-
-
Dividends
776
945
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
195
152
206
241
After tax
855
898
844
809
Living cost
118
118
118
118
Free-cash
737
780
726
691

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
£528
£511
£516
£557
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
-
-
-
1 050
health
-
-
-
27
social contributions
-
-
-
146
income
-
-
-
140
total
-
-
-
313
Employee
693
693
955
-
income
75
64
135
-
social contributions
26
58
78
-
health
5
12
16
-
total
106
134
229
-
Employer
693
693
955
-
social contributions
26
58
78
-
health
6
13
18
-
total
32
71
96
-
Corporate
702
286
-
-
income
88
36
-
-
total
88
36
-
-
Dividends
614
250
-
-
withholding
104
43
-
-
total
104
43
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
284
325
313
After tax
720
766
725
737
Living cost
209
209
209
209
Free-cash
511
557
516
528

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.
£59
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
£445
£437
£433
£474
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
-
-
-
1 050
health
-
-
-
27
social contributions
-
-
-
146
income
-
-
-
140
total
-
-
-
313
Employee
693
693
955
-
income
73
64
135
-
social contributions
34
58
78
-
health
7
12
16
-
total
114
134
229
-
Employer
693
693
955
-
social contributions
34
58
78
-
health
8
13
18
-
total
42
71
96
-
Corporate
603
286
-
-
income
75
36
-
-
total
75
36
-
-
Dividends
528
250
-
-
withholding
90
43
-
-
total
90
43
-
-
Income
1 050
1 050
1 050
1 050
Total tax
321
284
325
313
After tax
729
766
725
737
Living cost
292
292
292
292
Free-cash
437
474
433
445

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
£308
£439
£323
£514
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
-
-
-
1 050
health
-
-
-
142
social contributions
-
-
-
300
income
-
-
-
91
solidarity contribution
-
-
-
-
total
-
-
-
533
Employee
307
-
784
-
income
37
-
94
-
social contributions
20
-
51
-
health
41
-
106
-
solidarity contribution
-
-
-
-
total
98
-
251
-
Employer
307
-
784
-
social contributions
77
-
196
-
health
28
-
71
-
total
105
-
267
-
Corporate
639
1 050
-
-
income
121
199
-
-
total
121
199
-
-
Dividends
518
851
-
-
withholding
78
128
-
-
total
78
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
402
327
518
533
After tax
648
723
532
517
Living cost
209
209
209
209
Free-cash
439
514
323
308

Estimated living cost  is £209 per week

£145
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
£260
£375
£275
£466
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
-
-
-
1 050
health
-
-
-
142
social contributions
-
-
-
300
income
-
-
-
91
solidarity contribution
-
-
-
-
total
-
-
-
533
Employee
378
-
784
-
income
45
-
94
-
social contributions
25
-
51
-
health
51
-
106
-
solidarity contribution
-
-
-
-
total
121
-
251
-
Employer
378
-
784
-
social contributions
94
-
196
-
health
34
-
71
-
total
128
-
267
-
Corporate
544
1 050
-
-
income
103
199
-
-
total
103
199
-
-
Dividends
440
851
-
-
withholding
66
128
-
-
total
66
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
327
518
533
After tax
632
723
532
517
Living cost
257
257
257
257
Free-cash
375
466
275
260

Estimated living cost  is £257 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
£207
-£920
-£920
-£920
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
-
-
-
1 050
national
-
-
-
114
pensions
-
-
-
8
municipal
-
-
-
203
labour market
-
-
-
83
total
-
-
-
408
Employee
1 838
1 838
1 838
-
municipal
391
391
391
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
766
766
766
-
Employer
1 838
1 838
1 838
-
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
1 050
1 050
1 050
1 050
Total tax
1 535
1 535
1 535
408
After tax
-485
-485
-485
642
Living cost
435
435
435
435
Free-cash
-920
-920
-920
207

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.
£39
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
£344
£566
£387
£622
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
-
-
-
1 050
health
-
-
-
137
pensions
-
-
-
210
income
-
-
-
141
total
-
-
-
488
Employee
256
-
785
-
unemployment
4
-
13
-
income
29
-
151
-
pensions
5
-
16
-
total
38
-
180
-
Employer
256
-
785
-
pensions
51
-
157
-
health
33
-
102
-
unemployment
2
-
6
-
total
86
-
265
-
Corporate
708
1 050
-
-
income
142
210
-
-
total
142
210
-
-
Dividends
566
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
266
210
445
488
After tax
784
840
605
562
Living cost
218
218
218
218
Free-cash
566
622
387
344

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
£383
£336
£239
£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

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

-
-
-
1 050
national
-
-
-
122
health
-
-
-
12
municipal
-
-
-
187
total
-
-
-
321
Employee
474
-
883
-
unemployment
7
-
13
-
municipal
78
-
144
-
national
8
-
71
-
pensions
32
-
60
-
health
4
-
10
-
total
129
-
298
-
Employer
474
-
883
-
pensions
82
-
153
-
health
4
-
7
-
accident
-
-
1
-
unemployment
3
-
6
-
total
89
-
167
-
Corporate
486
1 050
-
-
income
97
210
-
-
total
97
210
-
-
Dividends

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

292
630
-
-
municipal
53
113
-
-
national
-
40
-
-
total
53
153
-
-
Income
1 050
1 050
1 050
1 050
Total tax
368
363
465
321
After tax
682
687
585
729
Living cost
346
346
346
346
Free-cash
336
341
239
383

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
£321
£301
£358
£251
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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
28
pensions
-
-
-
239
social contributions
-
-
-
30
income
-
-
-
121
other
-
-
-
33
total
-
-
-
451
Employee
344
-
842
-
income
18
-
136
-
surtax
-
-
-
-
social contributions
10
-
24
-
pensions
39
-
46
-
total
67
-
206
-
Employer
344
-
842
-
pensions
57
-
79
-
social contributions
1
-
3
-
other
12
-
29
-
health
24
-
63
-
unemployment
14
-
34
-
total
108
-
208
-
Corporate
598
1 050
-
-
income
167
294
-
-
surtax
-
-
-
-
total
167
294
-
-
Dividends
431
756
-
-
withholding
55
97
-
-
social contributions
74
130
-
-
surtax
-
-
-
-
total
129
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
471
521
414
451
After tax
579
529
636
599
Living cost
278
278
278
278
Free-cash
301
251
358
321

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
£290
£274
£327
£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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
28
pensions
-
-
-
239
social contributions
-
-
-
30
income
-
-
-
121
other
-
-
-
33
total
-
-
-
451
Employee
386
-
842
-
income
23
-
136
-
surtax
-
-
-
-
social contributions
11
-
24
-
pensions
44
-
46
-
total
78
-
206
-
Employer
386
-
842
-
pensions
63
-
79
-
social contributions
1
-
3
-
other
13
-
29
-
health
27
-
63
-
unemployment
16
-
34
-
total
120
-
208
-
Corporate
544
1 050
-
-
income
152
294
-
-
surtax
-
-
-
-
total
152
294
-
-
Dividends
391
756
-
-
withholding
50
97
-
-
social contributions
67
130
-
-
surtax
-
-
-
-
total
117
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
467
521
414
451
After tax
583
529
636
599
Living cost
309
309
309
309
Free-cash
274
220
327
290

Estimated living cost  is £309 per week

£195
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
£163
£156
£200
£93
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
-
-
-
1 050
surtax
-
-
-
-
health
-
-
-
28
pensions
-
-
-
239
social contributions
-
-
-
30
income
-
-
-
121
other
-
-
-
33
total
-
-
-
451
Employee
565
-
842
-
income
49
-
136
-
surtax
-
-
-
-
social contributions
16
-
24
-
pensions
64
-
46
-
total
129
-
206
-
Employer
565
-
842
-
pensions
93
-
79
-
social contributions
2
-
3
-
other
19
-
29
-
health
40
-
63
-
unemployment
23
-
34
-
total
177
-
208
-
Corporate
309
1 050
-
-
income
86
294
-
-
surtax
-
-
-
-
total
86
294
-
-
Dividends
222
756
-
-
withholding
28
97
-
-
social contributions
38
130
-
-
surtax
-
-
-
-
total
66
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
458
521
414
451
After tax
592
529
636
599
Living cost
436
436
436
436
Free-cash
156
93
200
163

Estimated living cost  is £436 per week

£295
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
£981
£929
£782
£939
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%.

-
-
-
1 050
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
11
total
-
-
-
11
Employee
72
-
1 050
-
income
14
-
210
-
total
14
-
210
-
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%.

978
1 050
-
-
total
-
-
-
-
Dividends
978
1 050
-
-
withholding
49
53
-
-
total
49
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
63
53
210
11
After tax
987
997
840
1 039
Living cost
58
58
58
58
Free-cash
929
939
782
981

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
£949
£890
£750
£907
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%.

-
-
-
1 050
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
11
total
-
-
-
11
Employee
113
-
1 050
-
income
23
-
210
-
total
23
-
210
-
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%.

937
1 050
-
-
total
-
-
-
-
Dividends
937
1 050
-
-
withholding
47
53
-
-
total
47
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
70
53
210
11
After tax
980
997
840
1 039
Living cost
90
90
90
90
Free-cash
890
907
750
949

Estimated living cost  is £90 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.
£22
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
£269
£311
£360
£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

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

-
-
-
1 050
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.

-
-
-
15
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.

-
-
-
265
trade
-
-
-
91
total
-
-
-
433
Employee

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

449
-
1 050
-
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
-
265
-
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
-
15
-
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
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
601
1 050
-
-
trade
86
151
-
-
income
90
158
-
-
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
9
-
-
total
183
321
-
-
Dividends
418
730
-
-
withholding
101
179
-
-
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
10
-
-
total
107
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
391
510
342
433
After tax
659
540
708
617
Living cost
348
348
348
348
Free-cash
311
192
360
269

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
£336
£356
£435
£257
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.

-
-
-
1 050
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.

-
-
-
15
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.

-
-
-
265
trade
-
-
-
99
total
-
-
-
441
Employee

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

345
-
1 050
-
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
-
265
-
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
-
15
-
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
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
705
1 050
-
-
trade
111
165
-
-
income
106
158
-
-
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.

6
9
-
-
total
225
335
-
-
Dividends
480
716
-
-
withholding
117
175
-
-
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
10
-
-
total
123
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
421
520
342
441
After tax
629
530
708
609
Living cost
273
273
273
273
Free-cash
356
257
435
336

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
£250
£298
£354
£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.

-
-
-
1 050
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.

-
-
-
15
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.

-
-
-
265
trade
-
-
-
104
total
-
-
-
446
Employee

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

457
-
1 050
-
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
-
265
-
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
-
15
-
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
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
593
1 050
-
-
trade
98
173
-
-
income
89
158
-
-
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
9
-
-
total
194
343
-
-
Dividends
399
708
-
-
withholding
96
174
-
-
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
10
-
-
total
101
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
398
527
342
446
After tax
652
523
708
604
Living cost
354
354
354
354
Free-cash
298
169
354
250

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
£187
£253
£295
£106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
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.

-
-
-
15
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.

-
-
-
265
trade
-
-
-
108
total
-
-
-
450
Employee

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

542
-
1 050
-
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
-
265
-
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
-
15
-
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
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
508
1 050
-
-
trade
87
180
-
-
income
76
158
-
-
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
9
-
-
total
169
350
-
-
Dividends
338
701
-
-
withholding
81
172
-
-
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
85
181
-
-
Income
1 050
1 050
1 050
1 050
Total tax
384
531
342
450
After tax
666
519
708
600
Living cost
413
413
413
413
Free-cash
253
106
295
187

Estimated living cost  is £413 per week

£302
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
£314
£429
£298
£457
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
-
-
-
1 050
surtax
-
-
-
29
unemployment
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
income
-
-
-
217
other
-
-
-
-
total
-
-
-
533
Employee
304
-
867
-
unemployment
21
-
60
-
other
-
-
-
-
income
51
-
201
-
surtax
1
-
26
-
pensions
20
-
58
-
health
8
-
22
-
total
101
-
367
-
Employer
304
-
867
-
pensions
40
-
116
-
other
-
-
-
-
health
14
-
39
-
unemployment
10
-
27
-
total
64
-
182
-
Corporate
682
1 050
-
-
income
177
273
-
-
total
177
273
-
-
Dividends
505
777
-
-
withholding
76
117
-
-
total
76
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
390
549
533
After tax
632
660
501
517
Living cost
203
203
203
203
Free-cash
429
457
298
314

Estimated living cost  is £203 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
£318
£433
£302
£461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
surtax
-
-
-
29
unemployment
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
income
-
-
-
217
other
-
-
-
-
total
-
-
-
533
Employee
298
-
867
-
unemployment
21
-
60
-
other
-
-
-
-
income
50
-
201
-
surtax
1
-
26
-
pensions
20
-
58
-
health
8
-
22
-
total
100
-
367
-
Employer
298
-
867
-
pensions
40
-
116
-
other
-
-
-
-
health
14
-
39
-
unemployment
9
-
27
-
total
63
-
182
-
Corporate
689
1 050
-
-
income
179
273
-
-
total
179
273
-
-
Dividends
510
777
-
-
withholding
76
117
-
-
total
76
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
390
549
533
After tax
632
660
501
517
Living cost
199
199
199
199
Free-cash
433
461
302
318

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
£547
£414
£429
£412
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
-
-
-
1 050
unemployment
-
-
-
16
health
-
-
-
74
pensions
-
-
-
105
income
-
-
-
128
total
-
-
-
323
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.

260
104
879
-
unemployment
4
2
13
-
income
32
13
107
-
pensions
26
10
88
-
health
18
7
62
-
total
80
32
270
-
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.

260
104
879
-
pensions
51
20
171
-
total
51
20
171
-
Corporate
739
926
-
-
income
67
83
-
-
total
67
83
-
-
Dividends
672
843
-
-
withholding
128
160
-
-
social contributions
130
163
-
-
total
258
323
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
458
441
323
After tax
594
592
609
727
Living cost
180
180
180
180
Free-cash
414
412
429
547

Estimated living cost  is £180 per week

£123
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
£193
£214
£201
£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
-
-
-
1 050
national
-
-
-
173
pensions
-
-
-
126
social contributions
-
-
-
11
municipal
-
-
-
112
total
-
-
-
422
Employee
675
-
908
-
municipal
83
-
116
-
national
129
-
179
-
pensions
27
-
36
-
total
239
-
331
-
Employer
675
-
908
-
pensions
54
-
73
-
social contributions
7
-
10
-
total
61
-
83
-
Corporate
269
1 050
-
-
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%.

54
210
-
-
total
54
210
-
-
Dividends
215
840
-
-
withholding
47
185
-
-
total
47
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
401
395
414
422
After tax
649
655
636
628
Living cost
435
435
435
435
Free-cash
214
220
201
193

Estimated living cost  is £435 per week

£296
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.
£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

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
£169
£241
£169
£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
-
-
-
1 050
social contributions
-
-
-
96
income
-
-
-
271
total
-
-
-
367
Employee
705
-
1 050
-
social contributions
59
-
96
-
income
133
-
271
-
total
192
-
367
-
Employer
705
-
1 050
-
total
-
-
-
-
Corporate
345
1 050
-
-
income
43
131
-
-
total
43
131
-
-
Dividends
302
919
-
-
withholding
60
184
-
-
total
60
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
295
315
367
367
After tax
755
735
683
683
Living cost
514
514
514
514
Free-cash
241
221
169
169

Estimated living cost  is £514 per week

£391
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
£148
£132
£99
£180
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
-
-
-
1 050
national
-
-
-
233
regional
-
-
-
12
social contributions
-
-
-
270
municipal
-
-
-
6
total
-
-
-
521
Employee
801
-
1 050
-
municipal
4
-
6
-
national
139
-
201
-
social contributions
270
-
354
-
regional
8
-
10
-
total
421
-
571
-
Employer
801
-
1 050
-
total
-
-
-
-
Corporate
249
1 050
-
-
nationa
60
252
-
-
municipal
10
41
-
-
total
70
293
-
-
Dividends
179
757
-
-
withholding
47
197
-
-
total
47
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
538
490
571
521
After tax
512
560
479
529
Living cost
380
380
380
380
Free-cash
132
180
99
148

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
£282
£288
£232
£309
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
-
-
-
1 050
national
-
-
-
233
regional
-
-
-
16
social contributions
-
-
-
270
municipal
-
-
-
6
total
-
-
-
525
Employee
500
-
1 050
-
municipal
3
-
6
-
national
79
-
201
-
social contributions
169
-
354
-
regional
7
-
14
-
total
258
-
575
-
Employer
500
-
1 050
-
total
-
-
-
-
Corporate
550
1 050
-
-
nationa
132
252
-
-
municipal
27
52
-
-
total
159
304
-
-
Dividends
391
746
-
-
withholding
102
194
-
-
total
102
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
519
498
575
525
After tax
531
552
475
525
Living cost
243
243
243
243
Free-cash
288
309
232
282

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