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
£ 1700
per

Your estimated
City
free-cash

Andorra , Andorra
£977
£1228
£1022
£1259
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
-
-
-
1 700
social contributions
-
-
-
374
income
-
-
-
78
total
-
-
-
452
Employee
290
-
1 472
-
social contributions
19
-
96
-
income
-
-
83
-
total
19
-
179
-
Employer
290
-
1 472
-
social contributions
45
-
228
-
total
45
-
228
-
Corporate
1 365
1 700
-
-
income
137
170
-
-
total
137
170
-
-
Dividends
1 229
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
201
170
407
452
After tax
1 499
1 530
1 293
1 248
Living cost
271
271
271
271
Free-cash
1 228
1 259
1 022
977

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
£586
£648
£160
£651
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
-
-
-
1 700
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
7
pensions
-
-
-
195
income
-
-
-
488
total
-
-
-
826
Employee
394
359
1 373
-
unemployment
12
11
32
-
other
4
4
11
-
income
35
27
398
-
pensions
40
37
108
-
health
15
14
41
-
total
106
93
590
-
Employer
394
359
1 373
-
pensions
49
45
132
-
surtax
-
-
-
-
payroll
12
11
41
-
other
19
17
63
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
32
-
chamber of commerce
2
1
5
-
total
114
104
327
-
Corporate
1 192
1 237
1 339
-
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.

298
309
335
-
total
298
309
335
-
Dividends
894
928
-
-
withholding
246
255
-
-
total
246
255
-
-
Income
1 700
1 700
1 700
1 700
Total tax
764
761
1 252
826
After tax
936
939
448
874
Living cost
288
288
288
288
Free-cash
648
651
160
586

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
£554
£606
£131
£619
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
-
-
-
1 700
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
7
pensions
-
-
-
195
income
-
-
-
488
total
-
-
-
828
Employee
451
359
1 372
-
unemployment
14
11
32
-
other
5
4
11
-
income
51
27
397
-
pensions
46
37
108
-
health
17
14
41
-
total
133
93
589
-
Employer
451
359
1 372
-
pensions
57
45
132
-
surtax
2
2
2
-
payroll
14
11
41
-
other
21
17
62
-
health
17
14
40
-
accident
6
5
14
-
unemployment
14
11
32
-
chamber of commerce
2
1
5
-
total
133
106
328
-
Corporate
1 118
1 235
1 338
-
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.

279
309
334
-
total
279
309
334
-
Dividends
838
927
-
-
withholding
231
255
-
-
total
231
255
-
-
Income
1 700
1 700
1 700
1 700
Total tax
776
763
1 251
828
After tax
924
937
449
872
Living cost
318
318
318
318
Free-cash
606
619
131
554

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
£408
£488
£263
£621
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
-
-
-
1 700
national
-
-
-
649
communal

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

-
-
-
89
social contributions
-
-
-
225
total
-
-
-
963
Employee

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

645
-
1 317
-
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
-
484
-
communal

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

34
-
69
-
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
-
99
-
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
-
62
-
total
316
-
725
-
Employer

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

645
-
1 317
-
surtax
73
-
149
-
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
-
117
-
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
-
81
-
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
-
383
-
Corporate
867
1 700
-
-
income
173
340
-
-
surtax
3
7
-
-
total
176
347
-
-
Dividends
690
1 353
-
-
withholding

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

204
403
-
-
total
204
403
-
-
Income
1 700
1 700
1 700
1 700
Total tax
883
750
1 108
963
After tax
817
950
592
737
Living cost
329
329
329
329
Free-cash
488
621
263
408

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
£1206
£1245
£1274
£1299
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
-
-
-
1 700
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
-
-
-
255
total
-
-
-
339
Employee
205
-
1 638
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
164
-
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
-
209
-
Employer
205
-
1 638
-
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
1 454
1 700
-
-
income
145
170
-
-
total
145
170
-
-
Dividends
1 309
1 530
-
-
withholding
65
76
-
-
total
65
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
300
246
271
339
After tax
1 400
1 454
1 429
1 361
Living cost
155
155
155
155
Free-cash
1 245
1 299
1 274
1 206

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
£1243
£1293
£1311
£1336
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
-
-
-
1 700
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
-
-
-
255
total
-
-
-
339
Employee
157
-
1 638
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
164
-
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
-
209
-
Employer
157
-
1 638
-
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
1 513
1 700
-
-
income
151
170
-
-
total
151
170
-
-
Dividends
1 361
1 530
-
-
withholding
68
76
-
-
total
68
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
289
246
271
339
After tax
1 411
1 454
1 429
1 361
Living cost
118
118
118
118
Free-cash
1 293
1 336
1 311
1 243

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
£948
£983
£932
£1030
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
-
-
-
1 700
health
-
-
-
43
social contributions
-
-
-
146
income
-
-
-
354
total
-
-
-
543
Employee
693
693
1 593
-
income
75
64
347
-
social contributions
26
58
78
-
health
5
12
27
-
total
106
134
452
-
Employer
693
693
1 593
-
social contributions
26
58
78
-
health
6
13
29
-
total
32
71
107
-
Corporate
1 352
936
-
-
income
169
117
-
-
total
169
117
-
-
Dividends
1 183
819
-
-
withholding
201
139
-
-
total
201
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
508
461
559
543
After tax
1 192
1 239
1 141
1 157
Living cost
209
209
209
209
Free-cash
983
1 030
932
948

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
£865
£909
£849
£947
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
-
-
-
1 700
health
-
-
-
43
social contributions
-
-
-
146
income
-
-
-
354
total
-
-
-
543
Employee
693
693
1 593
-
income
73
64
347
-
social contributions
34
58
78
-
health
7
12
27
-
total
114
134
452
-
Employer
693
693
1 593
-
social contributions
34
58
78
-
health
8
13
29
-
total
42
71
107
-
Corporate
1 253
936
-
-
income
157
117
-
-
total
157
117
-
-
Dividends
1 096
819
-
-
withholding
186
139
-
-
total
186
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
499
461
559
543
After tax
1 201
1 239
1 141
1 157
Living cost
292
292
292
292
Free-cash
909
947
849
865

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
£775
£886
£703
£961
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
-
-
-
1 700
health
-
-
-
230
social contributions
-
-
-
300
income
-
-
-
176
solidarity contribution
-
-
-
10
total
-
-
-
716
Employee
307
-
1 324
-
income
37
-
162
-
social contributions
20
-
67
-
health
41
-
179
-
solidarity contribution
-
-
4
-
total
98
-
412
-
Employer
307
-
1 324
-
social contributions
77
-
257
-
health
28
-
119
-
total
105
-
376
-
Corporate
1 289
1 700
-
-
income
245
323
-
-
total
245
323
-
-
Dividends
1 044
1 377
-
-
withholding
157
207
-
-
total
157
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
605
530
788
716
After tax
1 095
1 170
912
984
Living cost
209
209
209
209
Free-cash
886
961
703
775

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
£727
£822
£655
£913
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
-
-
-
1 700
health
-
-
-
230
social contributions
-
-
-
300
income
-
-
-
176
solidarity contribution
-
-
-
10
total
-
-
-
716
Employee
378
-
1 324
-
income
45
-
162
-
social contributions
25
-
67
-
health
51
-
179
-
solidarity contribution
-
-
4
-
total
121
-
412
-
Employer
378
-
1 324
-
social contributions
94
-
257
-
health
34
-
119
-
total
128
-
376
-
Corporate
1 194
1 700
-
-
income
227
323
-
-
total
227
323
-
-
Dividends
967
1 377
-
-
withholding
145
207
-
-
total
145
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
621
530
788
716
After tax
1 079
1 170
912
984
Living cost
257
257
257
257
Free-cash
822
913
655
727

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
£562
-£270
-£270
-£270
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
-
-
-
1 700
national
-
-
-
203
pensions
-
-
-
8
municipal
-
-
-
357
labour market
-
-
-
135
total
-
-
-
703
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
1 700
1 700
1 700
1 700
Total tax
1 535
1 535
1 535
703
After tax
165
165
165
997
Living cost
435
435
435
435
Free-cash
-270
-270
-270
562

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
£693
£1086
£763
£1142
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
-
-
-
1 700
health
-
-
-
221
pensions
-
-
-
340
income
-
-
-
228
total
-
-
-
789
Employee
256
-
1 271
-
unemployment
4
-
20
-
income
29
-
245
-
pensions
5
-
25
-
total
38
-
290
-
Employer
256
-
1 271
-
pensions
51
-
254
-
health
33
-
165
-
unemployment
2
-
10
-
total
86
-
429
-
Corporate
1 358
1 700
-
-
income
272
340
-
-
total
272
340
-
-
Dividends
1 086
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
396
340
719
789
After tax
1 304
1 360
981
911
Living cost
218
218
218
218
Free-cash
1 086
1 142
763
693

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
£735
£737
£540
£712
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

-
-
-
1 700
national
-
-
-
295
health
-
-
-
22
municipal
-
-
-
302
total
-
-
-
619
Employee
474
-
1 430
-
unemployment
7
-
21
-
municipal
78
-
233
-
national
8
-
176
-
pensions
32
-
97
-
health
4
-
18
-
total
129
-
545
-
Employer
474
-
1 430
-
pensions
82
-
248
-
health
4
-
11
-
accident
-
-
1
-
unemployment
3
-
9
-
total
89
-
269
-
Corporate
1 136
1 700
-
-
income
227
340
-
-
total
227
340
-
-
Dividends

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

682
1 020
-
-
municipal
123
184
-
-
national
49
118
-
-
total
172
302
-
-
Income
1 700
1 700
1 700
1 700
Total tax
617
642
814
619
After tax
1 083
1 058
886
1 081
Living cost
346
346
346
346
Free-cash
737
712
540
735

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
£679
£628
£644
£578
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
-
-
-
1 700
surtax
-
-
-
-
health
-
-
-
75
pensions
-
-
-
292
social contributions
-
-
-
48
income
-
-
-
275
other
-
-
-
53
total
-
-
-
743
Employee
344
-
1 311
-
income
18
-
259
-
surtax
-
-
-
-
social contributions
10
-
37
-
pensions
39
-
93
-
total
67
-
389
-
Employer
344
-
1 311
-
pensions
57
-
156
-
social contributions
1
-
4
-
other
12
-
52
-
health
24
-
124
-
unemployment
14
-
53
-
total
108
-
389
-
Corporate
1 248
1 700
-
-
income
349
476
-
-
surtax
-
-
-
-
total
349
476
-
-
Dividends
899
1 224
-
-
withholding
115
157
-
-
social contributions
155
211
-
-
surtax
-
-
-
-
total
270
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
794
844
778
743
After tax
906
856
922
957
Living cost
278
278
278
278
Free-cash
628
578
644
679

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
£648
£601
£613
£547
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
-
-
-
1 700
surtax
-
-
-
-
health
-
-
-
75
pensions
-
-
-
292
social contributions
-
-
-
48
income
-
-
-
275
other
-
-
-
53
total
-
-
-
743
Employee
386
-
1 311
-
income
23
-
259
-
surtax
-
-
-
-
social contributions
11
-
37
-
pensions
44
-
93
-
total
78
-
389
-
Employer
386
-
1 311
-
pensions
63
-
156
-
social contributions
1
-
4
-
other
13
-
52
-
health
27
-
124
-
unemployment
16
-
53
-
total
120
-
389
-
Corporate
1 194
1 700
-
-
income
334
476
-
-
surtax
-
-
-
-
total
334
476
-
-
Dividends
859
1 224
-
-
withholding
110
157
-
-
social contributions
148
211
-
-
surtax
-
-
-
-
total
258
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
790
844
778
743
After tax
910
856
922
957
Living cost
309
309
309
309
Free-cash
601
547
613
648

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
£521
£483
£486
£420
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
-
-
-
1 700
surtax
-
-
-
-
health
-
-
-
75
pensions
-
-
-
292
social contributions
-
-
-
48
income
-
-
-
275
other
-
-
-
53
total
-
-
-
743
Employee
565
-
1 311
-
income
49
-
259
-
surtax
-
-
-
-
social contributions
16
-
37
-
pensions
64
-
93
-
total
129
-
389
-
Employer
565
-
1 311
-
pensions
93
-
156
-
social contributions
2
-
4
-
other
19
-
52
-
health
40
-
124
-
unemployment
23
-
53
-
total
177
-
389
-
Corporate
959
1 700
-
-
income
268
476
-
-
surtax
-
-
-
-
total
268
476
-
-
Dividends
690
1 224
-
-
withholding
88
157
-
-
social contributions
119
211
-
-
surtax
-
-
-
-
total
207
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
781
844
778
743
After tax
919
856
922
957
Living cost
436
436
436
436
Free-cash
483
420
486
521

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
£1625
£1547
£1302
£1557
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
72
-
1 700
-
income
14
-
340
-
total
14
-
340
-
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%.

1 628
1 700
-
-
total
-
-
-
-
Dividends
1 628
1 700
-
-
withholding
81
85
-
-
total
81
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
95
85
340
17
After tax
1 605
1 615
1 360
1 683
Living cost
58
58
58
58
Free-cash
1 547
1 557
1 302
1 625

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
£1593
£1508
£1270
£1525
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
113
-
1 700
-
income
23
-
340
-
total
23
-
340
-
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%.

1 587
1 700
-
-
total
-
-
-
-
Dividends
1 587
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
102
85
340
17
After tax
1 598
1 615
1 360
1 683
Living cost
90
90
90
90
Free-cash
1 508
1 525
1 270
1 593

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
£538
£644
£722
£527
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.

-
-
-
1 700
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.

-
-
-
30
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.

-
-
-
538
trade
-
-
-
184
total
-
-
-
814
Employee

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

449
-
1 700
-
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
-
538
-
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
-
30
-
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
-
630
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 251
1 700
-
-
trade
180
244
-
-
income
188
255
-
-
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
381
517
-
-
Dividends
871
1 183
-
-
withholding
214
292
-
-
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
16
-
-
total
226
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
708
825
630
814
After tax
992
875
1 070
886
Living cost
348
348
348
348
Free-cash
644
527
722
538

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
£595
£683
£797
£584
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.

-
-
-
1 700
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.

-
-
-
30
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.

-
-
-
538
trade
-
-
-
202
total
-
-
-
832
Employee

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

345
-
1 700
-
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
-
538
-
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
-
30
-
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
-
630
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 355
1 700
-
-
trade
213
268
-
-
income
203
255
-
-
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
430
541
-
-
Dividends
924
1 159
-
-
withholding
228
286
-
-
surtax

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

13
16
-
-
total
241
302
-
-
Income
1 700
1 700
1 700
1 700
Total tax
744
843
630
832
After tax
956
857
1 070
868
Living cost
273
273
273
273
Free-cash
683
584
797
595

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
£505
£623
£716
£494
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.

-
-
-
1 700
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.

-
-
-
30
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.

-
-
-
538
trade
-
-
-
211
total
-
-
-
841
Employee

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

457
-
1 700
-
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
-
538
-
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
-
30
-
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
-
630
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 243
1 700
-
-
trade
204
280
-
-
income
186
255
-
-
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
403
553
-
-
Dividends
838
1 148
-
-
withholding
206
283
-
-
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
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
723
852
630
841
After tax
977
848
1 070
859
Living cost
354
354
354
354
Free-cash
623
494
716
505

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
£437
£571
£657
£427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
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.

-
-
-
30
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.

-
-
-
538
trade
-
-
-
220
total
-
-
-
850
Employee

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

542
-
1 700
-
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
-
538
-
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
-
30
-
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
-
630
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 158
1 700
-
-
trade
199
292
-
-
income
174
255
-
-
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
386
565
-
-
Dividends
773
1 136
-
-
withholding
190
280
-
-
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
200
295
-
-
Income
1 700
1 700
1 700
1 700
Total tax
716
860
630
850
After tax
984
840
1 070
850
Living cost
413
413
413
413
Free-cash
571
427
657
437

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
£600
£838
£545
£866
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
-
-
-
1 700
surtax
-
-
-
78
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
491
other
-
-
-
-
total
-
-
-
897
Employee
304
-
1 447
-
unemployment
21
-
84
-
other
-
-
-
-
income
51
-
437
-
surtax
1
-
67
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
699
-
Employer
304
-
1 447
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
64
-
253
-
Corporate
1 332
1 700
-
-
income
346
442
-
-
total
346
442
-
-
Dividends
986
1 258
-
-
withholding
148
189
-
-
total
148
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
631
952
897
After tax
1 041
1 069
748
803
Living cost
203
203
203
203
Free-cash
838
866
545
600

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
£604
£841
£549
£870
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
-
-
-
1 700
surtax
-
-
-
78
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
491
other
-
-
-
-
total
-
-
-
897
Employee
298
-
1 447
-
unemployment
21
-
84
-
other
-
-
-
-
income
50
-
437
-
surtax
1
-
67
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
699
-
Employer
298
-
1 447
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
253
-
Corporate
1 339
1 700
-
-
income
348
442
-
-
total
348
442
-
-
Dividends
991
1 258
-
-
withholding
149
189
-
-
total
149
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
660
631
952
897
After tax
1 040
1 069
748
803
Living cost
199
199
199
199
Free-cash
841
870
549
604

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
£997
£779
£806
£774
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
-
-
-
1 700
unemployment
-
-
-
26
health
-
-
-
119
pensions
-
-
-
170
income
-
-
-
208
total
-
-
-
523
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
1 423
-
unemployment
4
2
21
-
income
32
13
174
-
pensions
26
10
142
-
health
18
7
100
-
total
80
32
437
-
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
1 423
-
pensions
51
20
277
-
total
51
20
277
-
Corporate
1 389
1 576
-
-
income
125
142
-
-
total
125
142
-
-
Dividends
1 264
1 434
-
-
withholding
240
273
-
-
social contributions
245
279
-
-
total
485
552
-
-
Income
1 700
1 700
1 700
1 700
Total tax
741
746
714
523
After tax
959
954
986
1 177
Living cost
180
180
180
180
Free-cash
779
774
806
997

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
£550
£619
£559
£626
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
-
-
-
1 700
national
-
-
-
305
pensions
-
-
-
204
social contributions
-
-
-
18
municipal
-
-
-
188
total
-
-
-
715
Employee
675
-
1 470
-
municipal
83
-
194
-
national
129
-
319
-
pensions
27
-
59
-
total
239
-
572
-
Employer
675
-
1 470
-
pensions
54
-
118
-
social contributions
7
-
16
-
total
61
-
134
-
Corporate
919
1 700
-
-
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%.

184
340
-
-
total
184
340
-
-
Dividends
735
1 360
-
-
withholding
162
299
-
-
total
162
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
646
639
706
715
After tax
1 054
1 061
994
985
Living cost
435
435
435
435
Free-cash
619
626
559
550

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
£369
£696
£369
£676
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
-
-
-
1 700
social contributions
-
-
-
286
income
-
-
-
531
total
-
-
-
817
Employee
705
-
1 700
-
social contributions
59
-
286
-
income
133
-
531
-
total
192
-
817
-
Employer
705
-
1 700
-
total
-
-
-
-
Corporate
995
1 700
-
-
income
124
213
-
-
total
124
213
-
-
Dividends
870
1 487
-
-
withholding
174
297
-
-
total
174
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
490
510
817
817
After tax
1 210
1 190
883
883
Living cost
514
514
514
514
Free-cash
696
676
369
369

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
£425
£480
£348
£526
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
-
-
-
1 700
national
-
-
-
427
regional
-
-
-
20
social contributions
-
-
-
437
municipal
-
-
-
10
total
-
-
-
894
Employee
801
-
1 700
-
municipal
4
-
9
-
national
139
-
371
-
social contributions
270
-
573
-
regional
8
-
18
-
total
421
-
971
-
Employer
801
-
1 700
-
total
-
-
-
-
Corporate
899
1 700
-
-
nationa
216
408
-
-
municipal
35
66
-
-
total
251
474
-
-
Dividends
648
1 226
-
-
withholding
168
319
-
-
total
168
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
840
793
971
894
After tax
860
907
729
806
Living cost
380
380
380
380
Free-cash
480
526
348
425

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
£557
£629
£481
£651
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
-
-
-
1 700
national
-
-
-
427
regional
-
-
-
26
social contributions
-
-
-
437
municipal
-
-
-
10
total
-
-
-
900
Employee
500
-
1 700
-
municipal
3
-
9
-
national
79
-
371
-
social contributions
169
-
573
-
regional
7
-
23
-
total
258
-
976
-
Employer
500
-
1 700
-
total
-
-
-
-
Corporate
1 200
1 700
-
-
nationa
288
408
-
-
municipal
60
84
-
-
total
348
492
-
-
Dividends
852
1 208
-
-
withholding
222
314
-
-
total
222
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
828
806
976
900
After tax
872
894
724
800
Living cost
243
243
243
243
Free-cash
629
651
481
557

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