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
£ 1650
per

Your estimated
City
free-cash

Andorra , Andorra
£942
£1183
£986
£1214
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
-
-
-
1 650
social contributions
-
-
-
363
income
-
-
-
74
total
-
-
-
437
Employee
290
-
1 429
-
social contributions
19
-
93
-
income
-
-
79
-
total
19
-
172
-
Employer
290
-
1 429
-
social contributions
45
-
221
-
total
45
-
221
-
Corporate
1 315
1 650
-
-
income
132
165
-
-
total
132
165
-
-
Dividends
1 184
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
196
165
393
437
After tax
1 454
1 485
1 257
1 213
Living cost
271
271
271
271
Free-cash
1 183
1 214
986
942

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.

Source of data for Andorra model

Close
Graz , Austria
£560
£620
£147
£623
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
-
-
-
1 650
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
7
pensions
-
-
-
195
income
-
-
-
464
total
-
-
-
802
Employee
394
359
1 327
-
unemployment
12
11
32
-
other
4
4
11
-
income
35
27
376
-
pensions
40
37
108
-
health
15
14
41
-
total
106
93
568
-
Employer
394
359
1 327
-
pensions
49
45
132
-
surtax
-
-
-
-
payroll
12
11
40
-
other
19
17
61
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
32
-
chamber of commerce
2
1
5
-
total
114
104
324
-
Corporate
1 142
1 187
1 293
-
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.

286
297
323
-
total
286
297
323
-
Dividends
857
890
-
-
withholding
236
245
-
-
total
236
245
-
-
Income
1 650
1 650
1 650
1 650
Total tax
742
739
1 215
802
After tax
908
911
435
848
Living cost
288
288
288
288
Free-cash
620
623
147
560

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.

Source of data for Graz model

Close
Vienna , Austria
£528
£579
£116
£592
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
-
-
-
1 650
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
7
pensions
-
-
-
195
income
-
-
-
464
total
-
-
-
804
Employee
451
359
1 325
-
unemployment
14
11
32
-
other
5
4
11
-
income
51
27
375
-
pensions
46
37
108
-
health
17
14
41
-
total
133
93
567
-
Employer
451
359
1 325
-
pensions
57
45
132
-
surtax
2
2
2
-
payroll
14
11
40
-
other
21
17
61
-
health
17
14
40
-
accident
6
5
14
-
unemployment
14
11
32
-
chamber of commerce
2
1
5
-
total
133
106
326
-
Corporate
1 068
1 185
1 291
-
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.

267
296
323
-
total
267
296
323
-
Dividends
801
889
-
-
withholding
220
245
-
-
total
220
245
-
-
Income
1 650
1 650
1 650
1 650
Total tax
753
740
1 216
804
After tax
897
910
434
846
Living cost
318
318
318
318
Free-cash
579
592
116
528

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.

Source of data for Vienna model

Close
Brussels , Belgium
£386
£460
£247
£593
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
-
-
-
1 650
national
-
-
-
624
communal

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

-
-
-
86
social contributions
-
-
-
225
total
-
-
-
935
Employee

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

645
-
1 278
-
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
-
11
-
national
198
-
467
-
communal

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

34
-
67
-
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
-
96
-
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
-
60
-
total
316
-
701
-
Employer

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

645
-
1 278
-
surtax
73
-
145
-
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
-
113
-
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
-
79
-
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
-
17
-
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
-
19
-
total
187
-
373
-
Corporate
817
1 650
-
-
income
163
330
-
-
surtax
3
7
-
-
total
166
337
-
-
Dividends
651
1 313
-
-
withholding

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

192
391
-
-
total
192
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
861
728
1 074
935
After tax
789
922
576
715
Living cost
329
329
329
329
Free-cash
460
593
247
386

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

Source of data for Brussels model

Close
Sofia , Bulgaria
£1164
£1202
£1229
£1256
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
-
-
-
1 650
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
-
-
-
247
total
-
-
-
331
Employee
205
-
1 588
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
159
-
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
-
204
-
Employer
205
-
1 588
-
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
1 404
1 650
-
-
income
140
165
-
-
total
140
165
-
-
Dividends
1 264
1 485
-
-
withholding
63
74
-
-
total
63
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
293
239
266
331
After tax
1 357
1 411
1 384
1 319
Living cost
155
155
155
155
Free-cash
1 202
1 256
1 229
1 164

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

Source of data for Sofia model

Close
Varna , Bulgaria
£1201
£1250
£1266
£1293
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
-
-
-
1 650
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
-
-
-
247
total
-
-
-
331
Employee
157
-
1 588
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
159
-
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
-
204
-
Employer
157
-
1 588
-
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
1 463
1 650
-
-
income
146
165
-
-
total
146
165
-
-
Dividends
1 316
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
282
239
266
331
After tax
1 368
1 411
1 384
1 319
Living cost
118
118
118
118
Free-cash
1 250
1 293
1 266
1 201

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

Source of data for Varna model

Close
Larnaca , Cyprus
£916
£946
£900
£993
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
-
-
-
1 650
health
-
-
-
42
social contributions
-
-
-
146
income
-
-
-
337
total
-
-
-
525
Employee
693
693
1 544
-
income
75
64
330
-
social contributions
26
58
78
-
health
5
12
26
-
total
106
134
434
-
Employer
693
693
1 544
-
social contributions
26
58
78
-
health
6
13
29
-
total
32
71
107
-
Corporate
1 302
886
-
-
income
163
111
-
-
total
163
111
-
-
Dividends
1 139
775
-
-
withholding
194
132
-
-
total
194
132
-
-
Income
1 650
1 650
1 650
1 650
Total tax
495
448
541
525
After tax
1 155
1 202
1 109
1 125
Living cost
209
209
209
209
Free-cash
946
993
900
916

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

Source of data for Larnaca model

Close
Limassol , Cyprus
£833
£873
£817
£910
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
-
-
-
1 650
health
-
-
-
42
social contributions
-
-
-
146
income
-
-
-
337
total
-
-
-
525
Employee
693
693
1 544
-
income
73
64
330
-
social contributions
34
58
78
-
health
7
12
26
-
total
114
134
434
-
Employer
693
693
1 544
-
social contributions
34
58
78
-
health
8
13
29
-
total
42
71
107
-
Corporate
1 203
886
-
-
income
150
111
-
-
total
150
111
-
-
Dividends
1 053
775
-
-
withholding
179
132
-
-
total
179
132
-
-
Income
1 650
1 650
1 650
1 650
Total tax
485
448
541
525
After tax
1 165
1 202
1 109
1 125
Living cost
292
292
292
292
Free-cash
873
910
817
833

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

Source of data for Limassol model

Close
Brno , Czech Republic
£742
£852
£672
£928
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
-
-
-
1 650
health
-
-
-
223
social contributions
-
-
-
300
income
-
-
-
169
solidarity contribution
-
-
-
7
total
-
-
-
699
Employee
307
-
1 278
-
income
37
-
156
-
social contributions
20
-
67
-
health
41
-
173
-
solidarity contribution
-
-
1
-
total
98
-
397
-
Employer
307
-
1 278
-
social contributions
77
-
257
-
health
28
-
115
-
total
105
-
372
-
Corporate
1 239
1 650
-
-
income
235
313
-
-
total
235
313
-
-
Dividends
1 004
1 337
-
-
withholding
151
200
-
-
total
151
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
589
513
769
699
After tax
1 061
1 137
881
951
Living cost
209
209
209
209
Free-cash
852
928
672
742

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

Source of data for Brno model

Close
Prague , Czech Republic
£694
£788
£624
£880
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
-
-
-
1 650
health
-
-
-
223
social contributions
-
-
-
300
income
-
-
-
169
solidarity contribution
-
-
-
7
total
-
-
-
699
Employee
378
-
1 278
-
income
45
-
156
-
social contributions
25
-
67
-
health
51
-
173
-
solidarity contribution
-
-
1
-
total
121
-
397
-
Employer
378
-
1 278
-
social contributions
94
-
257
-
health
34
-
115
-
total
128
-
372
-
Corporate
1 144
1 650
-
-
income
217
313
-
-
total
217
313
-
-
Dividends
926
1 337
-
-
withholding
139
200
-
-
total
139
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
605
513
769
699
After tax
1 045
1 137
881
951
Living cost
257
257
257
257
Free-cash
788
880
624
694

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

Source of data for Prague model

Close
Copenhagen , Denmark
£535
-£320
-£320
-£320
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
-
-
-
1 650
national
-
-
-
196
pensions
-
-
-
8
municipal
-
-
-
345
labour market
-
-
-
131
total
-
-
-
680
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
1 650
1 650
1 650
1 650
Total tax
1 535
1 535
1 535
680
After tax
115
115
115
970
Living cost
435
435
435
435
Free-cash
-320
-320
-320
535

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

Source of data for Copenhagen model

Close
Tallinn , Estonia
£666
£1046
£732
£1102
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
-
-
-
1 650
health
-
-
-
215
pensions
-
-
-
330
income
-
-
-
221
total
-
-
-
766
Employee
256
-
1 233
-
unemployment
4
-
20
-
income
29
-
238
-
pensions
5
-
25
-
total
38
-
283
-
Employer
256
-
1 233
-
pensions
51
-
247
-
health
33
-
160
-
unemployment
2
-
10
-
total
86
-
417
-
Corporate
1 308
1 650
-
-
income
262
330
-
-
total
262
330
-
-
Dividends
1 046
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
386
330
700
766
After tax
1 264
1 320
950
884
Living cost
218
218
218
218
Free-cash
1 046
1 102
732
666

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

Source of data for Tallinn model

Close
Helsinki , Finland
£709
£708
£515
£684
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

-
-
-
1 650
national
-
-
-
280
health
-
-
-
22
municipal
-
-
-
293
total
-
-
-
595
Employee
474
-
1 388
-
unemployment
7
-
21
-
municipal
78
-
226
-
national
8
-
168
-
pensions
32
-
94
-
health
4
-
18
-
total
129
-
527
-
Employer
474
-
1 388
-
pensions
82
-
241
-
health
4
-
11
-
accident
-
-
1
-
unemployment
3
-
9
-
total
89
-
262
-
Corporate
1 086
1 650
-
-
income
217
330
-
-
total
217
330
-
-
Dividends

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

652
990
-
-
municipal
117
178
-
-
national
44
112
-
-
total
161
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
596
620
789
595
After tax
1 054
1 030
861
1 055
Living cost
346
346
346
346
Free-cash
708
684
515
709

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.

Source of data for Helsinki model

Close
Marseille , France
£651
£604
£622
£554
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
-
-
-
1 650
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
288
social contributions
-
-
-
47
income
-
-
-
263
other
-
-
-
51
total
-
-
-
721
Employee
344
-
1 275
-
income
18
-
250
-
surtax
-
-
-
-
social contributions
10
-
36
-
pensions
39
-
89
-
total
67
-
375
-
Employer
344
-
1 275
-
pensions
57
-
150
-
social contributions
1
-
4
-
other
12
-
50
-
health
24
-
119
-
unemployment
14
-
52
-
total
108
-
375
-
Corporate
1 198
1 650
-
-
income
335
462
-
-
surtax
-
-
-
-
total
335
462
-
-
Dividends
863
1 188
-
-
withholding
110
152
-
-
social contributions
148
204
-
-
surtax
-
-
-
-
total
258
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
768
818
750
721
After tax
882
832
900
929
Living cost
278
278
278
278
Free-cash
604
554
622
651

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

Source of data for Marseille model

Close
Nice , France
£620
£576
£591
£523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
288
social contributions
-
-
-
47
income
-
-
-
263
other
-
-
-
51
total
-
-
-
721
Employee
386
-
1 275
-
income
23
-
250
-
surtax
-
-
-
-
social contributions
11
-
36
-
pensions
44
-
89
-
total
78
-
375
-
Employer
386
-
1 275
-
pensions
63
-
150
-
social contributions
1
-
4
-
other
13
-
50
-
health
27
-
119
-
unemployment
16
-
52
-
total
120
-
375
-
Corporate
1 144
1 650
-
-
income
320
462
-
-
surtax
-
-
-
-
total
320
462
-
-
Dividends
823
1 188
-
-
withholding
105
152
-
-
social contributions
142
204
-
-
surtax
-
-
-
-
total
247
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
765
818
750
721
After tax
885
832
900
929
Living cost
309
309
309
309
Free-cash
576
523
591
620

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

Source of data for Nice model

Close
Paris , France
£493
£457
£464
£396
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
-
-
-
1 650
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
288
social contributions
-
-
-
47
income
-
-
-
263
other
-
-
-
51
total
-
-
-
721
Employee
565
-
1 275
-
income
49
-
250
-
surtax
-
-
-
-
social contributions
16
-
36
-
pensions
64
-
89
-
total
129
-
375
-
Employer
565
-
1 275
-
pensions
93
-
150
-
social contributions
2
-
4
-
other
19
-
50
-
health
40
-
119
-
unemployment
23
-
52
-
total
177
-
375
-
Corporate
909
1 650
-
-
income
254
462
-
-
surtax
-
-
-
-
total
254
462
-
-
Dividends
654
1 188
-
-
withholding
84
152
-
-
social contributions
113
204
-
-
surtax
-
-
-
-
total
197
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
757
818
750
721
After tax
893
832
900
929
Living cost
436
436
436
436
Free-cash
457
396
464
493

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

Source of data for Paris model

Close
Batumi , Georgia
£1576
£1499
£1262
£1510
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%.

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
72
-
1 650
-
income
14
-
330
-
total
14
-
330
-
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%.

1 578
1 650
-
-
total
-
-
-
-
Dividends
1 578
1 650
-
-
withholding
79
82
-
-
total
79
82
-
-
Income
1 650
1 650
1 650
1 650
Total tax
93
82
330
16
After tax
1 557
1 568
1 320
1 634
Living cost
58
58
58
58
Free-cash
1 499
1 510
1 262
1 576

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.

Source of data for Batumi model

Close
Tbilisi , Georgia
£1544
£1460
£1230
£1478
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%.

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
113
-
1 650
-
income
23
-
330
-
total
23
-
330
-
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%.

1 537
1 650
-
-
total
-
-
-
-
Dividends
1 537
1 650
-
-
withholding
77
82
-
-
total
77
82
-
-
Income
1 650
1 650
1 650
1 650
Total tax
100
82
330
16
After tax
1 550
1 568
1 320
1 634
Living cost
90
90
90
90
Free-cash
1 460
1 478
1 230
1 544

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.

Source of data for Tbilisi model

Close
Berlin , Germany
£518
£619
£695
£500
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.

-
-
-
1 650
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.

-
-
-
28
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.

-
-
-
517
trade
-
-
-
177
total
-
-
-
784
Employee

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

449
-
1 650
-
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
-
517
-
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
-
28
-
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
-
607
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 201
1 650
-
-
trade
172
237
-
-
income
180
247
-
-
chamber of commerce
3
4
-
-
surtax

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

10
14
-
-
total
365
502
-
-
Dividends
836
1 148
-
-
withholding
206
284
-
-
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.

11
16
-
-
total
217
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
683
802
607
784
After tax
967
848
1 043
866
Living cost
348
348
348
348
Free-cash
619
500
695
518

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.

Source of data for Berlin model

Close
Dresden , Germany
£576
£657
£770
£559
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.

-
-
-
1 650
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.

-
-
-
28
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.

-
-
-
517
trade
-
-
-
194
total
-
-
-
801
Employee

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

345
-
1 650
-
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
-
517
-
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
-
28
-
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
-
607
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 305
1 650
-
-
trade
206
260
-
-
income
196
247
-
-
chamber of commerce
3
4
-
-
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.

11
14
-
-
total
416
525
-
-
Dividends
890
1 125
-
-
withholding
219
278
-
-
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.

12
15
-
-
total
231
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
818
607
801
After tax
930
832
1 043
849
Living cost
273
273
273
273
Free-cash
657
559
770
576

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.

Source of data for Dresden model

Close
Hamburg , Germany
£487
£596
£689
£470
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.

-
-
-
1 650
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.

-
-
-
28
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.

-
-
-
517
trade
-
-
-
202
total
-
-
-
809
Employee

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

457
-
1 650
-
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
-
517
-
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
-
28
-
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
-
607
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 193
1 650
-
-
trade
196
271
-
-
income
179
247
-
-
chamber of commerce
3
4
-
-
surtax

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

10
14
-
-
total
388
536
-
-
Dividends
805
1 114
-
-
withholding
198
275
-
-
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.

11
15
-
-
total
209
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
700
826
607
809
After tax
950
824
1 043
841
Living cost
354
354
354
354
Free-cash
596
470
689
487

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.

Source of data for Hamburg model

Close
Munich , Germany
£419
£547
£630
£402
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.

-
-
-
1 650
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.

-
-
-
28
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.

-
-
-
517
trade
-
-
-
211
total
-
-
-
818
Employee

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

542
-
1 650
-
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
-
517
-
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
-
28
-
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
-
607
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 108
1 650
-
-
trade
190
283
-
-
income
166
247
-
-
chamber of commerce
3
4
-
-
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.

9
14
-
-
total
368
548
-
-
Dividends
740
1 102
-
-
withholding
182
272
-
-
surtax

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

10
15
-
-
total
192
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
690
835
607
818
After tax
960
815
1 043
832
Living cost
413
413
413
413
Free-cash
547
402
630
419

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.

Source of data for Munich model

Close
Athens , Greece
£577
£807
£522
£835
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
-
-
-
1 650
surtax
-
-
-
74
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
468
other
-
-
-
-
total
-
-
-
870
Employee
304
-
1 397
-
unemployment
21
-
84
-
other
-
-
-
-
income
51
-
414
-
surtax
1
-
63
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
672
-
Employer
304
-
1 397
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
64
-
253
-
Corporate
1 282
1 650
-
-
income
333
429
-
-
total
333
429
-
-
Dividends
949
1 221
-
-
withholding
142
183
-
-
total
142
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
640
612
925
870
After tax
1 010
1 038
725
780
Living cost
203
203
203
203
Free-cash
807
835
522
577

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

Source of data for Athens model

Close
Thessaloniki , Greece
£581
£810
£526
£839
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
-
-
-
1 650
surtax
-
-
-
74
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
468
other
-
-
-
-
total
-
-
-
870
Employee
298
-
1 397
-
unemployment
21
-
84
-
other
-
-
-
-
income
50
-
414
-
surtax
1
-
63
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
672
-
Employer
298
-
1 397
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
253
-
Corporate
1 289
1 650
-
-
income
335
429
-
-
total
335
429
-
-
Dividends
954
1 221
-
-
withholding
143
183
-
-
total
143
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
641
612
925
870
After tax
1 009
1 038
725
780
Living cost
199
199
199
199
Free-cash
810
839
526
581

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

Source of data for Thessaloniki model

Close
Budapest , Hungary
£962
£750
£776
£747
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
-
-
-
1 650
unemployment
-
-
-
25
health
-
-
-
116
pensions
-
-
-
165
income
-
-
-
202
total
-
-
-
508
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
1 381
-
unemployment
4
2
21
-
income
32
13
169
-
pensions
26
10
138
-
health
18
7
97
-
total
80
32
425
-
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
1 381
-
pensions
51
20
269
-
total
51
20
269
-
Corporate
1 339
1 526
-
-
income
121
137
-
-
total
121
137
-
-
Dividends
1 218
1 389
-
-
withholding
232
264
-
-
social contributions
236
270
-
-
total
468
534
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
723
694
508
After tax
930
927
956
1 142
Living cost
180
180
180
180
Free-cash
750
747
776
962

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

Source of data for Budapest model

Close
Reykjavik , Iceland
£525
£588
£535
£595
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
-
-
-
1 650
national
-
-
-
292
pensions
-
-
-
198
social contributions
-
-
-
18
municipal
-
-
-
182
total
-
-
-
690
Employee
675
-
1 426
-
municipal
83
-
188
-
national
129
-
306
-
pensions
27
-
57
-
total
239
-
551
-
Employer
675
-
1 426
-
pensions
54
-
114
-
social contributions
7
-
15
-
total
61
-
129
-
Corporate
869
1 650
-
-
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%.

174
330
-
-
total
174
330
-
-
Dividends
695
1 320
-
-
withholding
153
290
-
-
total
153
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
627
620
680
690
After tax
1 023
1 030
970
960
Living cost
435
435
435
435
Free-cash
588
595
535
525

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.

Source of data for Reykjavik model

Close
Dublin , Ireland
£348
£661
£348
£641
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
-
-
-
1 650
social contributions
-
-
-
277
income
-
-
-
511
total
-
-
-
788
Employee
705
-
1 650
-
social contributions
59
-
277
-
income
133
-
511
-
total
192
-
788
-
Employer
705
-
1 650
-
total
-
-
-
-
Corporate
945
1 650
-
-
income
118
206
-
-
total
118
206
-
-
Dividends
827
1 444
-
-
withholding
165
289
-
-
total
165
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
475
495
788
788
After tax
1 175
1 155
862
862
Living cost
514
514
514
514
Free-cash
661
641
348
348

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.

Source of data for Dublin model

Close
Milan , Italy
£405
£452
£331
£500
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
-
-
-
1 650
national
-
-
-
411
regional
-
-
-
20
social contributions
-
-
-
424
municipal
-
-
-
10
total
-
-
-
865
Employee
801
-
1 650
-
municipal
4
-
9
-
national
139
-
357
-
social contributions
270
-
556
-
regional
8
-
17
-
total
421
-
939
-
Employer
801
-
1 650
-
total
-
-
-
-
Corporate
849
1 650
-
-
nationa
204
396
-
-
municipal
33
64
-
-
total
237
460
-
-
Dividends
612
1 190
-
-
withholding
159
309
-
-
total
159
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
817
769
939
865
After tax
833
881
711
785
Living cost
380
380
380
380
Free-cash
452
500
331
405

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

Source of data for Milan model

Close
Naples , Italy
£537
£604
£463
£624
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
-
-
-
1 650
national
-
-
-
411
regional
-
-
-
25
social contributions
-
-
-
424
municipal
-
-
-
10
total
-
-
-
870
Employee
500
-
1 650
-
municipal
3
-
9
-
national
79
-
357
-
social contributions
169
-
556
-
regional
7
-
22
-
total
258
-
944
-
Employer
500
-
1 650
-
total
-
-
-
-
Corporate
1 150
1 650
-
-
nationa
276
396
-
-
municipal
57
82
-
-
total
333
478
-
-
Dividends
817
1 172
-
-
withholding
212
305
-
-
total
212
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
803
783
944
870
After tax
847
867
706
780
Living cost
243
243
243
243
Free-cash
604
624
463
537

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

Source of data for Naples model