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
£688
£560
£532
£659
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
-
-
-
30
total
-
-
-
261
Employee
275
-
909
-
social contributions
18
-
59
-
income
-
-
33
-
total
18
-
92
-
Employer
275
-
909
-
social contributions
43
-
141
-
total
43
-
141
-
Corporate
732
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
659
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
134
105
233
261
After tax
916
945
817
789
Living cost
257
257
257
257
Free-cash
659
688
560
532

Estimated living cost  is £257 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
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.
£67
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
£315
£22
£253
£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
-
-
-
1 050
chamber of commerce
-
-
-
4
unemployment
-
-
-
52
health
-
-
-
76
pensions
-
-
-
185
income
-
-
-
207
surtax
-
-
-
-
total
-
-
-
524
Employee
374
341
815
-
health
14
13
32
-
pensions
38
35
83
-
other
4
3
8
-
unemployment
11
10
24
-
income
33
25
178
-
total
100
86
325
-
Employer
374
341
815
-
pensions
47
43
102
-
accident
5
4
11
-
unemployment
11
10
24
-
surtax
-
-
-
-
payroll
11
10
24
-
chamber of commerce
1
1
3
-
health
14
13
31
-
other
18
16
39
-
total
107
97
234
-
Corporate
568
611
783
-
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.

142
153
196
-
total
142
153
196
-
Dividends
426
458
-
-
withholding
117
126
-
-
total
117
126
-
-
Income
1 050
1 050
1 050
1 050
Total tax
466
462
755
524
After tax
584
588
295
526
Living cost
273
273
273
273
Free-cash
311
315
22
253

Estimated living cost  is £273 per week

£164
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.
£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

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
£285
-£8
£222
£268
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
chamber of commerce
-
-
-
4
unemployment
-
-
-
52
health
-
-
-
76
pensions
-
-
-
185
income
-
-
-
207
surtax
-
-
-
2
total
-
-
-
526
Employee
428
341
814
-
health
17
13
32
-
pensions
44
35
83
-
other
4
3
8
-
unemployment
13
10
24
-
income
49
25
178
-
total
127
86
325
-
Employer
428
341
814
-
pensions
54
43
102
-
accident
6
4
11
-
unemployment
13
10
24
-
surtax
2
2
2
-
payroll
13
10
24
-
chamber of commerce
2
1
3
-
health
16
13
31
-
other
20
16
39
-
total
126
99
236
-
Corporate
498
609
782
-
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.

124
152
195
-
total
124
152
195
-
Dividends
373
457
-
-
withholding
103
126
-
-
total
103
126
-
-
Income
1 050
1 050
1 050
1 050
Total tax
480
463
756
526
After tax
570
587
294
524
Living cost
302
302
302
302
Free-cash
268
285
-8
222

Estimated living cost  is £302 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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

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
£276
£84
£161
£148
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
-
-
-
167
communal

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

-
-
-
53
national
-
-
-
357
total
-
-
-
577
Employee

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

612
-
813
-
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.

29
-
38
-
pensions

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

46
-
61
-
communal

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

32
-
42
-
national
188
-
269
-
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.

5
-
7
-
total
300
-
417
-
Employer

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

612
-
813
-
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
-
surtax
69
-
92
-
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.

38
-
50
-
pensions

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

54
-
72
-
total
178
-
237
-
Corporate
260
1 050
-
-
surtax
1
4
-
-
income
52
210
-
-
total
53
214
-
-
Dividends
207
836
-
-
withholding

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

59
248
-
-
total
59
248
-
-
Income
1 050
1 050
1 050
1 050
Total tax
590
462
654
577
After tax
460
588
396
473
Living cost
312
312
312
312
Free-cash
148
276
84
161

Estimated living cost  is £312 per week

£201
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£751
£702
£666
£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
-
-
-
1 050
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
158
total
-
-
-
237
Employee
195
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
19
-
99
-
total
47
-
142
-
Employer
195
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
13
-
21
-
pensions

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

21
-
33
-
total
37
-
59
-
Corporate
817
1 050
-
-
income
82
105
-
-
total
82
105
-
-
Dividends
735
945
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
203
152
201
237
After tax
847
898
849
813
Living cost
147
147
147
147
Free-cash
700
751
702
666

Estimated living cost  is £147 per week

£97
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.
£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.
£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
Varna , Bulgaria
£786
£737
£701
£746
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
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
158
total
-
-
-
237
Employee
149
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
99
-
total
37
-
142
-
Employer
149
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
10
-
21
-
pensions

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

16
-
33
-
total
29
-
59
-
Corporate
872
1 050
-
-
income
87
105
-
-
total
87
105
-
-
Dividends
785
945
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
192
152
201
237
After tax
858
898
849
813
Living cost
112
112
112
112
Free-cash
746
786
737
701

Estimated living cost  is £112 per week

£65
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.
£36
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
£569
£526
£538
£522
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
-
-
-
138
health
-
-
-
27
income
-
-
-
149
total
-
-
-
314
Employee
658
658
959
-
health
5
11
16
-
social contributions
25
55
74
-
income
72
61
144
-
total
102
127
234
-
Employer
658
658
959
-
social contributions
25
55
74
-
health
6
12
18
-
total
31
67
92
-
Corporate
720
325
-
-
income
90
41
-
-
total
90
41
-
-
Dividends
630
284
-
-
withholding
107
48
-
-
total
107
48
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
283
326
314
After tax
720
767
724
736
Living cost
198
198
198
198
Free-cash
522
569
526
538

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
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.
£56
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
£489
£446
£458
£454
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
-
-
-
138
health
-
-
-
27
income
-
-
-
149
total
-
-
-
314
Employee
658
658
959
-
health
7
11
16
-
social contributions
32
55
74
-
income
69
61
144
-
total
108
127
234
-
Employer
658
658
959
-
social contributions
32
55
74
-
health
7
12
18
-
total
39
67
92
-
Corporate
626
325
-
-
income
78
41
-
-
total
78
41
-
-
Dividends
547
284
-
-
withholding
93
48
-
-
total
93
48
-
-
Income
1 050
1 050
1 050
1 050
Total tax
318
283
326
314
After tax
732
767
724
736
Living cost
278
278
278
278
Free-cash
454
489
446
458

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
£522
£331
£325
£451
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
-
-
-
289
health
-
-
-
142
solidarity contribution
-
-
-
-
income
-
-
-
93
total
-
-
-
524
Employee
296
-
784
-
health
40
-
106
-
social contributions
19
-
51
-
solidarity contribution
-
-
-
-
income
35
-
94
-
total
94
-
251
-
Employer
296
-
784
-
social contributions
74
-
196
-
health
27
-
71
-
total
101
-
267
-
Corporate
654
1 050
-
-
income
124
199
-
-
total
124
199
-
-
Dividends
529
851
-
-
withholding
79
128
-
-
total
79
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
398
327
518
524
After tax
652
723
532
526
Living cost
201
201
201
201
Free-cash
451
522
331
325

Estimated living cost  is £201 per week

£140
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.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£475
£284
£278
£386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
289
health
-
-
-
142
solidarity contribution
-
-
-
-
income
-
-
-
93
total
-
-
-
524
Employee
364
-
784
-
health
49
-
106
-
social contributions
24
-
51
-
solidarity contribution
-
-
-
-
income
44
-
94
-
total
117
-
251
-
Employer
364
-
784
-
social contributions
91
-
196
-
health
33
-
71
-
total
124
-
267
-
Corporate
562
1 050
-
-
income
107
199
-
-
total
107
199
-
-
Dividends
455
851
-
-
withholding
68
128
-
-
total
68
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
416
327
518
524
After tax
634
723
532
526
Living cost
248
248
248
248
Free-cash
386
475
284
278

Estimated living cost  is £248 per week

£184
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.
£46
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
-£820
-£820
£228
-£820
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
labour market
-
-
-
83
municipal
-
-
-
205
pensions
-
-
-
7
national
-
-
-
114
total
-
-
-
409
Employee
1 745
1 745
1 745
-
municipal
372
372
372
-
pensions
2
2
2
-
national
213
213
213
-
labour market
139
139
139
-
total
726
726
726
-
Employer
1 745
1 745
1 745
-
labour market
140
140
140
-
national
214
214
214
-
municipal
372
372
372
-
pensions
5
5
5
-
total
731
731
731
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 457
1 457
1 457
409
After tax
-407
-407
-407
641
Living cost
413
413
413
413
Free-cash
-820
-820
-820
228

Estimated living cost  is £413 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
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
£633
£398
£355
£579
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
243
-
785
-
pensions
5
-
16
-
unemployment
4
-
13
-
income
27
-
151
-
total
36
-
180
-
Employer
243
-
785
-
pensions
49
-
157
-
unemployment
2
-
6
-
health
32
-
102
-
total
83
-
265
-
Corporate
725
1 050
-
-
income
145
210
-
-
total
145
210
-
-
Dividends
580
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
264
210
445
488
After tax
786
840
605
562
Living cost
207
207
207
207
Free-cash
579
633
398
355

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
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.
£48
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
£355
£251
£394
£356
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
health
-
-
-
13
municipal
-
-
-
187
national
-
-
-
127
total
-
-
-
327
Employee
450
-
883
-
health
3
-
10
-
municipal
74
-
144
-
pensions
30
-
60
-
national
7
-
76
-
unemployment
7
-
13
-
total
121
-
303
-
Employer
450
-
883
-
accident
-
-
1
-
unemployment
3
-
6
-
health
3
-
7
-
pensions
78
-
153
-
total
84
-
167
-
Corporate
515
1 050
-
-
income
103
210
-
-
total
103
210
-
-
Dividends

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

309
630
-
-
municipal
56
113
-
-
national
1
43
-
-
total
57
156
-
-
Income
1 050
1 050
1 050
1 050
Total tax
365
366
470
327
After tax
685
684
580
723
Living cost
329
329
329
329
Free-cash
356
355
251
394

Estimated living cost  is £329 per week

£215
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.
£77
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
£265
£363
£335
£313
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
-
-
-
30
health
-
-
-
30
pensions
-
-
-
231
other
-
-
-
33
income
-
-
-
127
surtax
-
-
-
-
total
-
-
-
451
Employee
327
-
838
-
income
17
-
139
-
social contributions
9
-
24
-
pensions
37
-
47
-
surtax
-
-
-
-
total
63
-
210
-
Employer
327
-
838
-
pensions
54
-
82
-
social contributions
1
-
3
-
unemployment
13
-
34
-
health
23
-
65
-
other
11
-
29
-
total
102
-
213
-
Corporate
621
1 050
-
-
surtax
-
-
-
-
income
174
294
-
-
total
174
294
-
-
Dividends
447
756
-
-
surtax
-
-
-
-
withholding
57
97
-
-
social contributions
77
130
-
-
total
134
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
473
521
423
451
After tax
577
529
627
599
Living cost
264
264
264
264
Free-cash
313
265
363
335

Estimated living cost  is £264 per week

£153
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£236
£334
£306
£287
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
-
-
-
30
health
-
-
-
30
pensions
-
-
-
231
other
-
-
-
33
income
-
-
-
127
surtax
-
-
-
-
total
-
-
-
451
Employee
366
-
838
-
income
22
-
139
-
social contributions
10
-
24
-
pensions
41
-
47
-
surtax
-
-
-
-
total
73
-
210
-
Employer
366
-
838
-
pensions
60
-
82
-
social contributions
1
-
3
-
unemployment
15
-
34
-
health
26
-
65
-
other
13
-
29
-
total
115
-
213
-
Corporate
569
1 050
-
-
surtax
-
-
-
-
income
159
294
-
-
total
159
294
-
-
Dividends
410
756
-
-
surtax
-
-
-
-
withholding
52
97
-
-
social contributions
71
130
-
-
total
123
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
470
521
423
451
After tax
580
529
627
599
Living cost
293
293
293
293
Free-cash
287
236
334
306

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
£116
£214
£186
£174
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
-
-
-
30
health
-
-
-
30
pensions
-
-
-
231
other
-
-
-
33
income
-
-
-
127
surtax
-
-
-
-
total
-
-
-
451
Employee
536
-
838
-
income
47
-
139
-
social contributions
15
-
24
-
pensions
61
-
47
-
surtax
-
-
-
-
total
123
-
210
-
Employer
536
-
838
-
pensions
88
-
82
-
social contributions
2
-
3
-
unemployment
22
-
34
-
health
38
-
65
-
other
18
-
29
-
total
168
-
213
-
Corporate
347
1 050
-
-
surtax
-
-
-
-
income
97
294
-
-
total
97
294
-
-
Dividends
250
756
-
-
surtax
-
-
-
-
withholding
32
97
-
-
social contributions
43
130
-
-
total
75
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
463
521
423
451
After tax
587
529
627
599
Living cost
413
413
413
413
Free-cash
174
116
214
186

Estimated living cost  is £413 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£938
£780
£980
£926
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.

-
-
-
10
total
-
-
-
10
Employee
76
-
1 050
-
income
15
-
210
-
total
15
-
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%.

974
1 050
-
-
total
-
-
-
-
Dividends
974
1 050
-
-
withholding
49
52
-
-
total
49
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
64
52
210
10
After tax
986
998
840
1 040
Living cost
60
60
60
60
Free-cash
926
938
780
980

Estimated living cost  is £60 per week

£37
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
£904
£746
£946
£885
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.

-
-
-
10
total
-
-
-
10
Employee
118
-
1 050
-
income
24
-
210
-
total
24
-
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%.

932
1 050
-
-
total
-
-
-
-
Dividends
932
1 050
-
-
withholding
47
52
-
-
total
47
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
71
52
210
10
After tax
979
998
840
1 040
Living cost
94
94
94
94
Free-cash
885
904
746
946

Estimated living cost  is £94 per week

£64
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
£210
£373
£279
£323
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
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.

-
-
-
58
trade
-
-
-
94
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.

-
-
-
274
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
total
-
-
-
441
Employee

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

426
-
1 050
-
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.

58
-
58
-
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
-
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.

35
-
274
-
total
95
-
347
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
624
1 050
-
-
trade
90
151
-
-
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
-
-
chamber of commerce
2
3
-
-
income
94
158
-
-
total
191
321
-
-
Dividends
434
730
-
-
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
-
-
withholding
105
179
-
-
total
111
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
397
510
347
441
After tax
653
540
703
609
Living cost
330
330
330
330
Free-cash
323
210
373
279

Estimated living cost  is £330 per week

£228
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.
£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.
£62
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
£270
£444
£341
£366
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
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.

-
-
-
58
trade
-
-
-
103
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.

-
-
-
274
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
total
-
-
-
450
Employee

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

327
-
1 050
-
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.

58
-
58
-
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
-
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.

9
-
274
-
total
68
-
347
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
723
1 050
-
-
trade
114
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.

6
9
-
-
chamber of commerce
2
3
-
-
income
108
158
-
-
total
230
335
-
-
Dividends
492
716
-
-
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.

7
10
-
-
withholding
120
176
-
-
total
127
186
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
521
347
450
After tax
625
529
703
600
Living cost
259
259
259
259
Free-cash
366
270
444
341

Estimated living cost  is £259 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details 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
£187
£367
£260
£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

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

-
-
-
1 050
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.

-
-
-
58
trade
-
-
-
107
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.

-
-
-
274
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
total
-
-
-
454
Employee

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

434
-
1 050
-
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.

58
-
58
-
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
-
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
-
274
-
total
97
-
347
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
616
1 050
-
-
trade
101
173
-
-
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
-
-
chamber of commerce
2
3
-
-
income
92
158
-
-
total
200
343
-
-
Dividends
415
708
-
-
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
-
-
withholding
100
174
-
-
total
106
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
527
347
454
After tax
647
523
703
596
Living cost
336
336
336
336
Free-cash
311
187
367
260

Estimated living cost  is £336 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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
£127
£311
£199
£268
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
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.

-
-
-
58
trade
-
-
-
112
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.

-
-
-
274
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
total
-
-
-
459
Employee

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

514
-
1 050
-
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.

58
-
58
-
surtax

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

3
-
15
-
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.

60
-
274
-
total
121
-
347
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
536
1 050
-
-
trade
92
180
-
-
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
-
-
chamber of commerce
2
3
-
-
income
80
158
-
-
total
178
350
-
-
Dividends
357
701
-
-
surtax

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

5
9
-
-
withholding
86
172
-
-
total
91
181
-
-
Income
1 050
1 050
1 050
1 050
Total tax
390
531
347
459
After tax
660
519
703
591
Living cost
392
392
392
392
Free-cash
268
127
311
199

Estimated living cost  is £392 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
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.
£69
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
£468
£302
£318
£443
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
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
other
-
-
-
-
income
-
-
-
223
surtax
-
-
-
30
total
-
-
-
540
Employee
288
-
867
-
health
7
-
22
-
pensions
19
-
58
-
surtax
1
-
27
-
other
-
-
-
-
unemployment
20
-
60
-
income
48
-
207
-
total
95
-
374
-
Employer
288
-
867
-
pensions
38
-
116
-
unemployment
9
-
27
-
health
13
-
39
-
other
-
-
-
-
total
60
-
182
-
Corporate
701
1 050
-
-
income
182
273
-
-
total
182
273
-
-
Dividends
519
777
-
-
withholding
78
117
-
-
total
78
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
415
390
556
540
After tax
635
660
494
510
Living cost
192
192
192
192
Free-cash
443
468
302
318

Estimated living cost  is £192 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
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
£471
£305
£321
£444
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
-
-
-
2
health
-
-
-
75
pensions
-
-
-
210
other
-
-
-
-
income
-
-
-
223
surtax
-
-
-
30
total
-
-
-
540
Employee
283
-
867
-
health
7
-
22
-
pensions
19
-
58
-
surtax
1
-
27
-
other
-
-
-
-
unemployment
20
-
60
-
income
47
-
207
-
total
94
-
374
-
Employer
283
-
867
-
pensions
38
-
116
-
unemployment
9
-
27
-
health
13
-
39
-
other
-
-
-
-
total
60
-
182
-
Corporate
707
1 050
-
-
income
184
273
-
-
total
184
273
-
-
Dividends
523
777
-
-
withholding
79
117
-
-
total
79
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
417
390
556
540
After tax
633
660
494
510
Living cost
189
189
189
189
Free-cash
444
471
305
321

Estimated living cost  is £189 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
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
£421
£440
£559
£426
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
-
-
-
73
pensions
-
-
-
105
income
-
-
-
128
total
-
-
-
322
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.

243
97
879
-
health
17
7
62
-
pensions
24
10
88
-
unemployment
4
1
13
-
income
30
12
107
-
total
75
30
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.

243
97
879
-
pensions
47
19
171
-
total
47
19
171
-
Corporate
759
934
-
-
income
68
84
-
-
total
68
84
-
-
Dividends
691
850
-
-
withholding
131
162
-
-
social contributions
134
165
-
-
total
265
327
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
460
441
322
After tax
595
590
609
728
Living cost
169
169
169
169
Free-cash
426
421
440
559

Estimated living cost  is £169 per week

£115
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.
£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.
£36
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
£222
£202
£195
£215
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
-
-
-
11
municipal
-
-
-
112
pensions
-
-
-
126
national
-
-
-
173
total
-
-
-
422
Employee
671
-
908
-
municipal
83
-
116
-
pensions
27
-
36
-
national
128
-
180
-
total
238
-
332
-
Employer
671
-
908
-
social contributions
7
-
10
-
pensions
54
-
73
-
total
61
-
83
-
Corporate
274
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%.

55
210
-
-
total
55
210
-
-
Dividends
219
840
-
-
withholding
48
185
-
-
total
48
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
402
395
415
422
After tax
648
655
635
628
Living cost
433
433
433
433
Free-cash
215
222
202
195

Estimated living cost  is £433 per week

£294
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.
£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.
£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
£248
£187
£187
£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
social contributions
-
-
-
97
income
-
-
-
279
total
-
-
-
376
Employee
669
-
1 050
-
social contributions
56
-
97
-
income
126
-
279
-
total
182
-
376
-
Employer
669
-
1 050
-
total
-
-
-
-
Corporate
381
1 050
-
-
income
48
131
-
-
total
48
131
-
-
Dividends
333
919
-
-
withholding
67
184
-
-
total
67
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
297
315
376
376
After tax
753
735
674
674
Living cost
488
488
488
488
Free-cash
266
248
187
187

Estimated living cost  is £488 per week

£371
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.
£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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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
£199
£114
£164
£156
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
regional
-
-
-
12
social contributions
-
-
-
270
municipal
-
-
-
6
national
-
-
-
237
total
-
-
-
525
Employee
761
-
1 050
-
regional
7
-
10
-
municipal
4
-
6
-
social contributions
256
-
354
-
national
132
-
205
-
total
399
-
575
-
Employer
761
-
1 050
-
total
-
-
-
-
Corporate
289
1 050
-
-
nationa
69
252
-
-
municipal
11
41
-
-
total
80
293
-
-
Dividends
209
757
-
-
withholding
54
197
-
-
total
54
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
533
490
575
525
After tax
517
560
475
525
Living cost
361
361
361
361
Free-cash
156
199
114
164

Estimated living cost  is £361 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
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.
£80
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
£321
£240
£290
£302
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
regional
-
-
-
16
social contributions
-
-
-
270
municipal
-
-
-
6
national
-
-
-
237
total
-
-
-
529
Employee
475
-
1 050
-
regional
6
-
14
-
municipal
3
-
6
-
social contributions
160
-
354
-
national
75
-
205
-
total
244
-
579
-
Employer
475
-
1 050
-
total
-
-
-
-
Corporate
575
1 050
-
-
nationa
138
252
-
-
municipal
29
52
-
-
total
167
304
-
-
Dividends
409
746
-
-
withholding
106
194
-
-
total
106
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
517
498
579
529
After tax
533
552
471
521
Living cost
231
231
231
231
Free-cash
302
321
240
290

Estimated living cost  is £231 per week

£143
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.
£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.
£60
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