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
£ 1950
per

Your estimated
City
free-cash

Andorra , Andorra
£1497
£1214
£1163
£1468
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
-
-
-
1 950
social contributions
-
-
-
429
income
-
-
-
100
total
-
-
-
529
Employee
276
-
1 688
-
social contributions
18
-
110
-
income
-
-
106
-
total
18
-
216
-
Employer
276
-
1 688
-
social contributions
43
-
262
-
total
43
-
262
-
Corporate
1 632
1 950
-
-
income
163
195
-
-
total
163
195
-
-
Dividends
1 468
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
224
195
478
529
After tax
1 726
1 755
1 472
1 421
Living cost
258
258
258
258
Free-cash
1 468
1 497
1 214
1 163

Estimated living cost  is £258 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Graz , Austria
£805
£236
£726
£798
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
-
-
-
1 950
chamber of commerce
-
-
-
8
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
627
surtax
-
-
-
-
total
-
-
-
950
Employee
375
342
1 617
-
health
15
13
39
-
pensions
38
35
103
-
other
4
3
10
-
unemployment
11
10
30
-
income
33
25
528
-
total
101
86
710
-
Employer
375
342
1 617
-
pensions
47
43
126
-
accident
5
4
13
-
unemployment
11
10
30
-
surtax
-
-
-
-
payroll
11
10
49
-
chamber of commerce
1
1
6
-
health
14
13
38
-
other
18
16
72
-
total
107
97
334
-
Corporate
1 467
1 510
1 584
-
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.

367
377
396
-
total
367
377
396
-
Dividends
1 100
1 132
-
-
withholding
303
311
-
-
total
303
311
-
-
Income
1 950
1 950
1 950
1 950
Total tax
878
871
1 440
950
After tax
1 072
1 079
510
1 000
Living cost
274
274
274
274
Free-cash
798
805
236
726

Estimated living cost  is £274 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£775
£208
£696
£758
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
-
-
-
1 950
chamber of commerce
-
-
-
8
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
627
surtax
-
-
-
2
total
-
-
-
952
Employee
429
342
1 615
-
health
17
13
39
-
pensions
44
35
103
-
other
4
3
10
-
unemployment
13
10
30
-
income
49
25
527
-
total
127
86
709
-
Employer
429
342
1 615
-
pensions
54
43
126
-
accident
6
4
13
-
unemployment
13
10
30
-
surtax
2
2
2
-
payroll
13
10
48
-
chamber of commerce
2
1
6
-
health
16
13
38
-
other
20
16
72
-
total
126
99
335
-
Corporate
1 396
1 508
1 583
-
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.

349
377
396
-
total
349
377
396
-
Dividends
1 047
1 131
-
-
withholding
288
311
-
-
total
288
311
-
-
Income
1 950
1 950
1 950
1 950
Total tax
890
873
1 440
952
After tax
1 060
1 077
510
998
Living cost
302
302
302
302
Free-cash
758
775
208
696

Estimated living cost  is £302 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£756
£349
£535
£647
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
-
-
-
1 950
social contributions
-
-
-
214
communal

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

-
-
-
104
national
-
-
-
784
total
-
-
-
1 102
Employee

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

614
-
1 510
-
health

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

29
-
71
-
pensions

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

46
-
113
-
communal

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

32
-
79
-
national
189
-
572
-
unemployment

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

5
-
13
-
total
301
-
848
-
Employer

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

614
-
1 510
-
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
-
20
-
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
-
22
-
surtax
70
-
171
-
health

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

38
-
93
-
pensions

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

54
-
134
-
total
179
-
440
-
Corporate
1 158
1 950
-
-
surtax
5
8
-
-
income
232
419
-
-
total
237
427
-
-
Dividends
922
1 523
-
-
withholding

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

273
454
-
-
total
273
454
-
-
Income
1 950
1 950
1 950
1 950
Total tax
990
881
1 288
1 102
After tax
960
1 069
662
848
Living cost
313
313
313
313
Free-cash
647
756
349
535

Estimated living cost  is £313 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Sofia , Bulgaria
£1520
£1512
£1432
£1468
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
-
-
-
1 950
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
292
total
-
-
-
371
Employee
195
-
1 891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
20
-
189
-
total
48
-
232
-
Employer
195
-
1 891
-
accident

We are using the highest rate at 1.1%.

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

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

22
-
33
-
total
38
-
59
-
Corporate
1 716
1 950
-
-
income
172
195
-
-
total
172
195
-
-
Dividends
1 545
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
335
283
291
371
After tax
1 615
1 667
1 659
1 579
Living cost
147
147
147
147
Free-cash
1 468
1 520
1 512
1 432

Estimated living cost  is £147 per week

£98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
£1555
£1547
£1467
£1515
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
-
-
-
1 950
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
292
total
-
-
-
371
Employee
149
-
1 891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
189
-
total
37
-
232
-
Employer
149
-
1 891
-
accident

We are using the highest rate at 1.1%.

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

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

16
-
33
-
total
29
-
59
-
Corporate
1 772
1 950
-
-
income
177
195
-
-
total
177
195
-
-
Dividends
1 595
1 755
-
-
withholding
80
88
-
-
total
80
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
323
283
291
371
After tax
1 627
1 667
1 659
1 579
Living cost
112
112
112
112
Free-cash
1 515
1 555
1 547
1 467

Estimated living cost  is £112 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
£1222
£1096
£1111
£1175
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
-
-
-
1 950
social contributions
-
-
-
139
health
-
-
-
50
income
-
-
-
451
total
-
-
-
640
Employee
660
660
1 842
-
health
5
11
31
-
social contributions
25
55
74
-
income
72
61
442
-
total
102
127
547
-
Employer
660
660
1 842
-
social contributions
25
55
74
-
health
6
12
34
-
total
31
67
108
-
Corporate
1 619
1 223
-
-
income
202
153
-
-
total
202
153
-
-
Dividends
1 417
1 071
-
-
withholding
241
182
-
-
total
241
182
-
-
Income
1 950
1 950
1 950
1 950
Total tax
576
529
655
640
After tax
1 374
1 421
1 295
1 310
Living cost
199
199
199
199
Free-cash
1 175
1 222
1 096
1 111

Estimated living cost  is £199 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
£1143
£1017
£1032
£1107
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
-
-
-
1 950
social contributions
-
-
-
139
health
-
-
-
50
income
-
-
-
451
total
-
-
-
640
Employee
660
660
1 842
-
health
7
11
31
-
social contributions
32
55
74
-
income
69
61
442
-
total
108
127
547
-
Employer
660
660
1 842
-
social contributions
32
55
74
-
health
7
12
34
-
total
39
67
108
-
Corporate
1 525
1 223
-
-
income
191
153
-
-
total
191
153
-
-
Dividends
1 334
1 071
-
-
withholding
227
182
-
-
total
227
182
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
529
655
640
After tax
1 385
1 421
1 295
1 310
Living cost
278
278
278
278
Free-cash
1 107
1 143
1 017
1 032

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Brno , Czech Republic
£1140
£870
£958
£1068
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
-
-
-
1 950
social contributions
-
-
-
290
health
-
-
-
263
solidarity contribution
-
-
-
28
income
-
-
-
209
total
-
-
-
790
Employee
297
-
1 561
-
health
40
-
211
-
social contributions
19
-
65
-
solidarity contribution
-
-
20
-
income
36
-
193
-
total
95
-
489
-
Employer
297
-
1 561
-
social contributions
74
-
249
-
health
27
-
140
-
total
101
-
389
-
Corporate
1 552
1 950
-
-
income
295
371
-
-
total
295
371
-
-
Dividends
1 257
1 579
-
-
withholding
189
237
-
-
total
189
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
680
608
878
790
After tax
1 270
1 342
1 072
1 160
Living cost
202
202
202
202
Free-cash
1 068
1 140
870
958

Estimated living cost  is £202 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Prague , Czech Republic
£1093
£823
£911
£1006
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
-
-
-
1 950
social contributions
-
-
-
290
health
-
-
-
263
solidarity contribution
-
-
-
28
income
-
-
-
209
total
-
-
-
790
Employee
366
-
1 561
-
health
49
-
211
-
social contributions
24
-
65
-
solidarity contribution
-
-
20
-
income
44
-
193
-
total
117
-
489
-
Employer
366
-
1 561
-
social contributions
91
-
249
-
health
33
-
140
-
total
124
-
389
-
Corporate
1 460
1 950
-
-
income
277
371
-
-
total
277
371
-
-
Dividends
1 183
1 579
-
-
withholding
177
237
-
-
total
177
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
695
608
878
790
After tax
1 255
1 342
1 072
1 160
Living cost
249
249
249
249
Free-cash
1 006
1 093
823
911

Estimated living cost  is £249 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
£76
£76
£712
£43
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
-
-
-
1 950
labour market
-
-
-
155
municipal
-
-
-
419
pensions
-
-
-
7
national
-
-
-
243
total
-
-
-
824
Employee
1 748
1 748
1 748
-
municipal
372
372
372
-
pensions
2
2
2
-
national
214
214
214
-
labour market
140
140
140
-
total
728
728
728
-
Employer
1 748
1 748
1 748
-
labour market
140
140
140
-
national
214
214
214
-
municipal
373
373
373
-
pensions
5
5
5
-
total
732
732
732
-
Corporate
76
-
-
-
income
17
-
-
-
total
17
-
-
-
Dividends
59
-
-
-
withholding
16
-
-
-
total
16
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 493
1 460
1 460
824
After tax
457
490
490
1 126
Living cost
414
414
414
414
Free-cash
43
76
76
712

Estimated living cost  is £414 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Tallinn , Estonia
£1353
£918
£838
£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
-
-
-
1 950
health
-
-
-
254
pensions
-
-
-
390
income
-
-
-
261
total
-
-
-
905
Employee
243
-
1 457
-
pensions
5
-
29
-
unemployment
4
-
23
-
income
27
-
281
-
total
36
-
333
-
Employer
243
-
1 457
-
pensions
49
-
291
-
unemployment
2
-
12
-
health
32
-
189
-
total
83
-
492
-
Corporate
1 624
1 950
-
-
income
325
390
-
-
total
325
390
-
-
Dividends
1 300
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
444
390
825
905
After tax
1 506
1 560
1 125
1 045
Living cost
207
207
207
207
Free-cash
1 299
1 353
918
838

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
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
£865
£639
£866
£894
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

-
-
-
1 950
health
-
-
-
26
municipal
-
-
-
346
national
-
-
-
383
total
-
-
-
755
Employee
451
-
1 640
-
health
3
-
22
-
municipal
74
-
267
-
pensions
30
-
111
-
national
7
-
246
-
unemployment
7
-
25
-
total
121
-
671
-
Employer
451
-
1 640
-
accident
-
-
2
-
unemployment
3
-
11
-
health
3
-
13
-
pensions
78
-
285
-
total
84
-
311
-
Corporate
1 414
1 950
-
-
income
283
390
-
-
total
283
390
-
-
Dividends

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

848
1 170
-
-
municipal
153
211
-
-
national
86
155
-
-
total
239
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
727
756
982
755
After tax
1 223
1 194
968
1 195
Living cost
329
329
329
329
Free-cash
894
865
639
866

Estimated living cost  is £329 per week

£215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Marseille , France
£719
£744
£801
£767
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
-
-
-
1 950
social contributions
-
-
-
56
health
-
-
-
96
pensions
-
-
-
306
other
-
-
-
60
income
-
-
-
367
surtax
-
-
-
-
total
-
-
-
885
Employee
328
-
1 487
-
income
17
-
324
-
social contributions
9
-
42
-
pensions
37
-
113
-
surtax
-
-
-
-
total
63
-
479
-
Employer
328
-
1 487
-
pensions
54
-
188
-
social contributions
1
-
4
-
unemployment
13
-
60
-
health
23
-
149
-
other
11
-
62
-
total
102
-
463
-
Corporate
1 520
1 950
-
-
surtax
-
-
-
-
income
426
546
-
-
total
426
546
-
-
Dividends
1 094
1 404
-
-
surtax
-
-
-
-
withholding
140
180
-
-
social contributions
188
241
-
-
total
328
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
942
885
After tax
1 031
983
1 008
1 065
Living cost
264
264
264
264
Free-cash
767
719
744
801

Estimated living cost  is £264 per week

£153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Nice , France
£690
£715
£772
£740
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
-
-
-
1 950
social contributions
-
-
-
56
health
-
-
-
96
pensions
-
-
-
306
other
-
-
-
60
income
-
-
-
367
surtax
-
-
-
-
total
-
-
-
885
Employee
367
-
1 487
-
income
22
-
324
-
social contributions
10
-
42
-
pensions
42
-
113
-
surtax
-
-
-
-
total
74
-
479
-
Employer
367
-
1 487
-
pensions
60
-
188
-
social contributions
1
-
4
-
unemployment
15
-
60
-
health
26
-
149
-
other
13
-
62
-
total
115
-
463
-
Corporate
1 468
1 950
-
-
surtax
-
-
-
-
income
411
546
-
-
total
411
546
-
-
Dividends
1 057
1 404
-
-
surtax
-
-
-
-
withholding
135
180
-
-
social contributions
182
241
-
-
total
317
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
917
967
942
885
After tax
1 033
983
1 008
1 065
Living cost
293
293
293
293
Free-cash
740
690
715
772

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Paris , France
£569
£594
£651
£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
-
-
-
1 950
social contributions
-
-
-
56
health
-
-
-
96
pensions
-
-
-
306
other
-
-
-
60
income
-
-
-
367
surtax
-
-
-
-
total
-
-
-
885
Employee
537
-
1 487
-
income
47
-
324
-
social contributions
15
-
42
-
pensions
61
-
113
-
surtax
-
-
-
-
total
123
-
479
-
Employer
537
-
1 487
-
pensions
88
-
188
-
social contributions
2
-
4
-
unemployment
22
-
60
-
health
38
-
149
-
other
19
-
62
-
total
169
-
463
-
Corporate
1 245
1 950
-
-
surtax
-
-
-
-
income
349
546
-
-
total
349
546
-
-
Dividends
896
1 404
-
-
surtax
-
-
-
-
withholding
115
180
-
-
social contributions
154
241
-
-
total
269
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
910
967
942
885
After tax
1 040
983
1 008
1 065
Living cost
414
414
414
414
Free-cash
626
569
594
651

Estimated living cost  is £414 per week

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

Source of data for Paris model

Close
Batumi , Georgia
£1792
£1499
£1869
£1780
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%.

-
-
-
1 950
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
76
-
1 950
-
income
15
-
390
-
total
15
-
390
-
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%.

1 874
1 950
-
-
total
-
-
-
-
Dividends
1 874
1 950
-
-
withholding
94
97
-
-
total
94
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
109
97
390
20
After tax
1 841
1 853
1 560
1 930
Living cost
61
61
61
61
Free-cash
1 780
1 792
1 499
1 869

Estimated living cost  is £61 per week

£38
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
£1759
£1466
£1836
£1740
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%.

-
-
-
1 950
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
118
-
1 950
-
income
24
-
390
-
total
24
-
390
-
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%.

1 832
1 950
-
-
total
-
-
-
-
Dividends
1 832
1 950
-
-
withholding
92
97
-
-
total
92
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
116
97
390
20
After tax
1 834
1 853
1 560
1 930
Living cost
94
94
94
94
Free-cash
1 740
1 759
1 466
1 836

Estimated living cost  is £94 per week

£64
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Berlin , Germany
£672
£873
£650
£783
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.

-
-
-
1 950
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.

-
-
-
59
trade
-
-
-
223
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.

-
-
-
651
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.

-
-
-
36
total
-
-
-
969
Employee

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

427
-
1 950
-
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.

59
-
59
-
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
-
36
-
income

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

35
-
651
-
total
96
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 523
1 950
-
-
trade
219
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.

13
16
-
-
chamber of commerce
4
4
-
-
income
228
293
-
-
total
464
593
-
-
Dividends
1 060
1 357
-
-
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.

14
18
-
-
withholding
262
336
-
-
total
276
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
836
947
746
969
After tax
1 114
1 003
1 204
981
Living cost
331
331
331
331
Free-cash
783
672
873
650

Estimated living cost  is £331 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dresden , Germany
£723
£944
£700
£818
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.

-
-
-
1 950
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.

-
-
-
59
trade
-
-
-
244
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.

-
-
-
651
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.

-
-
-
36
total
-
-
-
990
Employee

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

328
-
1 950
-
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.

59
-
59
-
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
-
36
-
income

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

9
-
651
-
total
69
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 622
1 950
-
-
trade
255
307
-
-
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
-
-
chamber of commerce
4
4
-
-
income
243
293
-
-
total
515
620
-
-
Dividends
1 106
1 330
-
-
surtax

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

15
18
-
-
withholding
273
329
-
-
total
288
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
872
967
746
990
After tax
1 078
983
1 204
960
Living cost
260
260
260
260
Free-cash
818
723
944
700

Estimated living cost  is £260 per week

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

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Hamburg , Germany
£635
£867
£612
£757
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.

-
-
-
1 950
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.

-
-
-
59
trade
-
-
-
255
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.

-
-
-
651
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.

-
-
-
36
total
-
-
-
1 001
Employee

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

435
-
1 950
-
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.

59
-
59
-
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
-
36
-
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
-
651
-
total
98
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 515
1 950
-
-
trade
249
321
-
-
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
-
-
chamber of commerce
3
4
-
-
income
227
293
-
-
total
492
634
-
-
Dividends
1 023
1 317
-
-
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.

14
18
-
-
withholding
252
326
-
-
total
266
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
856
978
746
1 001
After tax
1 094
972
1 204
949
Living cost
337
337
337
337
Free-cash
757
635
867
612

Estimated living cost  is £337 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Munich , Germany
£570
£811
£545
£709
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.

-
-
-
1 950
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.

-
-
-
59
trade
-
-
-
266
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.

-
-
-
651
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.

-
-
-
36
total
-
-
-
1 012
Employee

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

515
-
1 950
-
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.

59
-
59
-
surtax

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

3
-
36
-
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.

61
-
651
-
total
123
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 435
1 950
-
-
trade
246
334
-
-
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
-
-
chamber of commerce
3
4
-
-
income
215
293
-
-
total
476
647
-
-
Dividends
958
1 303
-
-
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
18
-
-
withholding
236
322
-
-
total
249
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
848
987
746
1 012
After tax
1 102
963
1 204
938
Living cost
393
393
393
393
Free-cash
709
570
811
545

Estimated living cost  is £393 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Athens , Greece
£1034
£672
£724
£1008
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
-
-
-
1 950
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
617
surtax
-
-
-
104
total
-
-
-
1 033
Employee
289
-
1 709
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
94
-
other
-
-
-
-
unemployment
20
-
80
-
income
48
-
565
-
total
95
-
844
-
Employer
289
-
1 709
-
pensions
38
-
153
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
241
-
Corporate
1 600
1 950
-
-
income
416
507
-
-
total
416
507
-
-
Dividends
1 184
1 443
-
-
withholding
178
216
-
-
total
178
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
749
723
1 085
1 033
After tax
1 201
1 227
865
917
Living cost
193
193
193
193
Free-cash
1 008
1 034
672
724

Estimated living cost  is £193 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Thessaloniki , Greece
£1038
£676
£728
£1010
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
-
-
-
1 950
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
617
surtax
-
-
-
104
total
-
-
-
1 033
Employee
284
-
1 709
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
94
-
other
-
-
-
-
unemployment
20
-
80
-
income
48
-
565
-
total
95
-
844
-
Employer
284
-
1 709
-
pensions
38
-
153
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
241
-
Corporate
1 607
1 950
-
-
income
418
507
-
-
total
418
507
-
-
Dividends
1 189
1 443
-
-
withholding
178
216
-
-
total
178
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
751
723
1 085
1 033
After tax
1 199
1 227
865
917
Living cost
189
189
189
189
Free-cash
1 010
1 038
676
728

Estimated living cost  is £189 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Budapest , Hungary
£927
£964
£1184
£931
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
-
-
-
1 950
unemployment
-
-
-
29
health
-
-
-
136
pensions
-
-
-
195
income
-
-
-
238
total
-
-
-
598
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

243
97
1 632
-
health
17
7
114
-
pensions
24
10
163
-
unemployment
4
1
24
-
income
30
12
199
-
total
75
30
500
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

243
97
1 632
-
pensions
47
19
318
-
total
47
19
318
-
Corporate
1 660
1 834
-
-
income
149
165
-
-
total
149
165
-
-
Dividends
1 510
1 669
-
-
withholding
287
317
-
-
social contributions
293
324
-
-
total
580
641
-
-
Income
1 950
1 950
1 950
1 950
Total tax
851
855
818
598
After tax
1 099
1 095
1 132
1 352
Living cost
168
168
168
168
Free-cash
931
927
964
1 184

Estimated living cost  is £168 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
£784
£687
£676
£776
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
-
-
-
1 950
social contributions
-
-
-
21
municipal
-
-
-
217
pensions
-
-
-
234
national
-
-
-
369
total
-
-
-
841
Employee
671
-
1 686
-
municipal
83
-
224
-
pensions
27
-
67
-
national
128
-
386
-
total
238
-
677
-
Employer
671
-
1 686
-
social contributions
7
-
18
-
pensions
54
-
135
-
total
61
-
153
-
Corporate
1 174
1 950
-
-
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%.

235
390
-
-
total
235
390
-
-
Dividends
939
1 560
-
-
withholding
207
343
-
-
total
207
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
741
733
830
841
After tax
1 209
1 217
1 120
1 109
Living cost
433
433
433
433
Free-cash
776
784
687
676

Estimated living cost  is £433 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Dublin , Ireland
£876
£487
£487
£894
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
-
-
-
1 950
social contributions
-
-
-
336
income
-
-
-
638
total
-
-
-
974
Employee
671
-
1 950
-
social contributions
56
-
336
-
income
127
-
638
-
total
183
-
974
-
Employer
671
-
1 950
-
total
-
-
-
-
Corporate
1 279
1 950
-
-
income
160
244
-
-
total
160
244
-
-
Dividends
1 119
1 706
-
-
withholding
224
341
-
-
total
224
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
567
585
974
974
After tax
1 383
1 365
976
976
Living cost
489
489
489
489
Free-cash
894
876
487
487

Estimated living cost  is £489 per week

£372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Milan , Italy
£678
£507
£579
£634
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
-
-
-
1 950
regional
-
-
-
25
social contributions
-
-
-
429
municipal
-
-
-
12
national
-
-
-
543
total
-
-
-
1 009
Employee
762
-
1 950
-
regional
7
-
22
-
municipal
4
-
11
-
social contributions
257
-
563
-
national
132
-
485
-
total
400
-
1 081
-
Employer
762
-
1 950
-
total
-
-
-
-
Corporate
1 188
1 950
-
-
nationa
285
468
-
-
municipal
46
76
-
-
total
331
544
-
-
Dividends
856
1 406
-
-
withholding
223
366
-
-
total
223
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
954
910
1 081
1 009
After tax
996
1 040
869
941
Living cost
362
362
362
362
Free-cash
634
678
507
579

Estimated living cost  is £362 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
£794
£632
£704
£776
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
-
-
-
1 950
regional
-
-
-
31
social contributions
-
-
-
429
municipal
-
-
-
12
national
-
-
-
543
total
-
-
-
1 015
Employee
476
-
1 950
-
regional
6
-
28
-
municipal
3
-
11
-
social contributions
160
-
563
-
national
75
-
485
-
total
244
-
1 087
-
Employer
476
-
1 950
-
total
-
-
-
-
Corporate
1 474
1 950
-
-
nationa
354
468
-
-
municipal
73
97
-
-
total
427
565
-
-
Dividends
1 047
1 385
-
-
withholding
272
360
-
-
total
272
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
943
925
1 087
1 015
After tax
1 007
1 025
863
935
Living cost
231
231
231
231
Free-cash
776
794
632
704

Estimated living cost  is £231 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source