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
£1153
£1454
£1204
£1484
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
-
-
-
97
total
-
-
-
526
Employee
290
-
1 688
-
social contributions
19
-
110
-
income
-
-
103
-
total
19
-
213
-
Employer
290
-
1 688
-
social contributions
45
-
262
-
total
45
-
262
-
Corporate
1 615
1 950
-
-
income
161
195
-
-
total
161
195
-
-
Dividends
1 453
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
225
195
475
526
After tax
1 725
1 755
1 475
1 424
Living cost
271
271
271
271
Free-cash
1 454
1 484
1 204
1 153

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
£714
£784
£223
£786
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
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
8
pensions
-
-
-
195
income
-
-
-
609
total
-
-
-
948
Employee
395
360
1 606
-
unemployment
12
11
32
-
other
4
4
11
-
income
35
27
510
-
pensions
40
37
108
-
health
15
14
41
-
total
106
93
702
-
Employer
395
360
1 606
-
pensions
50
45
132
-
surtax
-
-
-
-
payroll
12
11
48
-
other
19
17
72
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
32
-
chamber of commerce
2
1
6
-
total
115
104
344
-
Corporate
1 442
1 487
1 572
-
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.

360
372
393
-
total
360
372
393
-
Dividends
1 081
1 115
-
-
withholding
297
307
-
-
total
297
307
-
-
Income
1 950
1 950
1 950
1 950
Total tax
878
876
1 439
948
After tax
1 072
1 074
511
1 002
Living cost
288
288
288
288
Free-cash
784
786
223
714

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
£682
£742
£192
£756
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
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
8
pensions
-
-
-
195
income
-
-
-
609
total
-
-
-
950
Employee
451
360
1 605
-
unemployment
14
11
32
-
other
5
4
11
-
income
51
27
509
-
pensions
46
37
108
-
health
17
14
41
-
total
133
93
701
-
Employer
451
360
1 605
-
pensions
57
45
132
-
surtax
2
2
2
-
payroll
14
11
48
-
other
21
17
72
-
health
17
14
40
-
accident
6
5
14
-
unemployment
14
11
32
-
chamber of commerce
2
1
6
-
total
133
106
346
-
Corporate
1 367
1 485
1 570
-
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.

342
371
393
-
total
342
371
393
-
Dividends
1 025
1 114
-
-
withholding
282
306
-
-
total
282
306
-
-
Income
1 950
1 950
1 950
1 950
Total tax
890
876
1 440
950
After tax
1 060
1 074
510
1 000
Living cost
318
318
318
318
Free-cash
742
756
192
682

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.
£74
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
£518
£627
£337
£746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
774
communal

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

-
-
-
104
social contributions
-
-
-
225
total
-
-
-
1 103
Employee

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

646
-
1 510
-
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
-
13
-
national
199
-
568
-
communal

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

34
-
79
-
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
-
113
-
health

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

30
-
71
-
total
317
-
844
-
Employer

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

646
-
1 510
-
surtax
73
-
171
-
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
-
134
-
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
-
93
-
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
-
total
187
-
440
-
Corporate
1 116
1 950
-
-
income
223
411
-
-
surtax
4
8
-
-
total
227
419
-
-
Dividends
888
1 530
-
-
withholding

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

263
456
-
-
total
263
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
994
875
1 284
1 103
After tax
956
1 075
666
847
Living cost
329
329
329
329
Free-cash
627
746
337
518

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
£1418
£1458
£1498
£1512
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
293
total
-
-
-
377
Employee
206
-
1 888
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
189
-
pensions

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

18
-
28
-
health
9
-
15
-
total
50
-
235
-
Employer
206
-
1 888
-
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
1 704
1 950
-
-
income
170
195
-
-
total
170
195
-
-
Dividends
1 534
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
337
283
297
377
After tax
1 613
1 667
1 653
1 573
Living cost
155
155
155
155
Free-cash
1 458
1 512
1 498
1 418

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
£1455
£1507
£1535
£1549
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
293
total
-
-
-
377
Employee
157
-
1 888
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
189
-
pensions

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

14
-
28
-
health
7
-
15
-
total
39
-
235
-
Employer
157
-
1 888
-
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
1 763
1 950
-
-
income
176
195
-
-
total
176
195
-
-
Dividends
1 586
1 755
-
-
withholding
79
88
-
-
total
79
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
325
283
297
377
After tax
1 625
1 667
1 653
1 573
Living cost
118
118
118
118
Free-cash
1 507
1 549
1 535
1 455

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
£1106
£1164
£1089
£1212
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
-
-
-
50
social contributions
-
-
-
146
income
-
-
-
439
total
-
-
-
635
Employee
694
694
1 838
-
income
76
64
431
-
social contributions
26
58
78
-
health
5
12
31
-
total
107
134
540
-
Employer
694
694
1 838
-
social contributions
26
58
78
-
health
6
13
34
-
total
32
71
112
-
Corporate
1 602
1 185
-
-
income
200
148
-
-
total
200
148
-
-
Dividends
1 401
1 037
-
-
withholding
238
176
-
-
total
238
176
-
-
Income
1 950
1 950
1 950
1 950
Total tax
577
529
652
635
After tax
1 373
1 421
1 298
1 315
Living cost
209
209
209
209
Free-cash
1 164
1 212
1 089
1 106

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.
£21
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
£1022
£1090
£1005
£1128
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
-
-
-
50
social contributions
-
-
-
146
income
-
-
-
439
total
-
-
-
635
Employee
694
694
1 838
-
income
73
64
431
-
social contributions
34
58
78
-
health
7
12
31
-
total
114
134
540
-
Employer
694
694
1 838
-
social contributions
34
58
78
-
health
8
13
34
-
total
42
71
112
-
Corporate
1 502
1 185
-
-
income
188
148
-
-
total
188
148
-
-
Dividends
1 315
1 037
-
-
withholding
223
176
-
-
total
223
176
-
-
Income
1 950
1 950
1 950
1 950
Total tax
567
529
652
635
After tax
1 383
1 421
1 298
1 315
Living cost
293
293
293
293
Free-cash
1 090
1 128
1 005
1 022

Estimated living cost  is £293 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
£945
£1059
£859
£1134
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
-
-
-
263
social contributions
-
-
-
300
income
-
-
-
208
solidarity contribution
-
-
-
25
total
-
-
-
796
Employee
307
-
1 553
-
income
37
-
191
-
social contributions
20
-
67
-
health
41
-
210
-
solidarity contribution
-
-
17
-
total
98
-
485
-
Employer
307
-
1 553
-
social contributions
77
-
257
-
health
28
-
140
-
total
105
-
397
-
Corporate
1 539
1 950
-
-
income
292
370
-
-
total
292
370
-
-
Dividends
1 246
1 580
-
-
withholding
187
237
-
-
total
187
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
682
607
882
796
After tax
1 268
1 343
1 068
1 154
Living cost
209
209
209
209
Free-cash
1 059
1 134
859
945

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
£897
£994
£811
£1086
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
-
-
-
263
social contributions
-
-
-
300
income
-
-
-
208
solidarity contribution
-
-
-
25
total
-
-
-
796
Employee
378
-
1 553
-
income
45
-
191
-
social contributions
25
-
67
-
health
51
-
210
-
solidarity contribution
-
-
17
-
total
121
-
485
-
Employer
378
-
1 553
-
social contributions
95
-
257
-
health
34
-
140
-
total
129
-
397
-
Corporate
1 443
1 950
-
-
income
274
370
-
-
total
274
370
-
-
Dividends
1 169
1 580
-
-
withholding
175
237
-
-
total
175
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
699
607
882
796
After tax
1 251
1 343
1 068
1 154
Living cost
257
257
257
257
Free-cash
994
1 086
811
897

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
£694
-£23
-£23
-£23
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
national
-
-
-
240
pensions
-
-
-
8
municipal
-
-
-
417
labour market
-
-
-
155
total
-
-
-
820
Employee
1 841
1 841
1 841
-
municipal
392
392
392
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
767
767
767
-
Employer
1 841
1 841
1 841
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
393
393
393
-
national
225
225
225
-
total
770
770
770
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 537
1 537
1 537
820
After tax
413
413
413
1 130
Living cost
436
436
436
436
Free-cash
-23
-23
-23
694

Estimated living cost  is £436 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
£827
£1287
£907
£1342
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
256
-
1 457
-
unemployment
4
-
23
-
income
29
-
281
-
pensions
5
-
29
-
total
38
-
333
-
Employer
256
-
1 457
-
pensions
51
-
291
-
health
33
-
189
-
unemployment
2
-
12
-
total
86
-
492
-
Corporate
1 607
1 950
-
-
income
321
390
-
-
total
321
390
-
-
Dividends
1 286
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
445
390
825
905
After tax
1 505
1 560
1 125
1 045
Living cost
218
218
218
218
Free-cash
1 287
1 342
907
827

Estimated living cost  is £218 per week

£150
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
£859
£880
£633
£852
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
national
-
-
-
372
health
-
-
-
26
municipal
-
-
-
346
total
-
-
-
744
Employee
475
-
1 640
-
unemployment
7
-
25
-
municipal
78
-
267
-
national
8
-
234
-
pensions
32
-
111
-
health
4
-
22
-
total
129
-
659
-
Employer
475
-
1 640
-
pensions
82
-
285
-
health
4
-
13
-
accident
-
-
2
-
unemployment
3
-
11
-
total
89
-
311
-
Corporate
1 385
1 950
-
-
income
277
390
-
-
total
277
390
-
-
Dividends

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

831
1 170
-
-
municipal
150
211
-
-
national
78
150
-
-
total
228
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
723
751
970
744
After tax
1 227
1 199
980
1 206
Living cost
347
347
347
347
Free-cash
880
852
633
859

Estimated living cost  is £347 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
£796
£755
£746
£705
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
surtax
-
-
-
-
health
-
-
-
94
pensions
-
-
-
313
social contributions
-
-
-
56
income
-
-
-
353
other
-
-
-
60
total
-
-
-
876
Employee
345
-
1 491
-
income
18
-
315
-
surtax
-
-
-
-
social contributions
10
-
42
-
pensions
39
-
111
-
total
67
-
468
-
Employer
345
-
1 491
-
pensions
57
-
186
-
social contributions
1
-
4
-
other
12
-
61
-
health
24
-
147
-
unemployment
14
-
60
-
total
108
-
458
-
Corporate
1 497
1 950
-
-
income
419
546
-
-
surtax
-
-
-
-
total
419
546
-
-
Dividends
1 078
1 404
-
-
withholding
138
180
-
-
social contributions
185
241
-
-
surtax
-
-
-
-
total
323
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
917
967
926
876
After tax
1 033
983
1 024
1 074
Living cost
278
278
278
278
Free-cash
755
705
746
796

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
£765
£727
£715
£674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
-
health
-
-
-
94
pensions
-
-
-
313
social contributions
-
-
-
56
income
-
-
-
353
other
-
-
-
60
total
-
-
-
876
Employee
386
-
1 491
-
income
23
-
315
-
surtax
-
-
-
-
social contributions
11
-
42
-
pensions
44
-
111
-
total
78
-
468
-
Employer
386
-
1 491
-
pensions
63
-
186
-
social contributions
1
-
4
-
other
13
-
61
-
health
27
-
147
-
unemployment
16
-
60
-
total
120
-
458
-
Corporate
1 443
1 950
-
-
income
404
546
-
-
surtax
-
-
-
-
total
404
546
-
-
Dividends
1 039
1 404
-
-
withholding
133
180
-
-
social contributions
179
241
-
-
surtax
-
-
-
-
total
312
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
914
967
926
876
After tax
1 036
983
1 024
1 074
Living cost
309
309
309
309
Free-cash
727
674
715
765

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
£638
£608
£588
£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
-
-
-
1 950
surtax
-
-
-
-
health
-
-
-
94
pensions
-
-
-
313
social contributions
-
-
-
56
income
-
-
-
353
other
-
-
-
60
total
-
-
-
876
Employee
565
-
1 491
-
income
49
-
315
-
surtax
-
-
-
-
social contributions
16
-
42
-
pensions
64
-
111
-
total
129
-
468
-
Employer
565
-
1 491
-
pensions
93
-
186
-
social contributions
2
-
4
-
other
20
-
61
-
health
40
-
147
-
unemployment
23
-
60
-
total
178
-
458
-
Corporate
1 208
1 950
-
-
income
338
546
-
-
surtax
-
-
-
-
total
338
546
-
-
Dividends
870
1 404
-
-
withholding
111
180
-
-
social contributions
150
241
-
-
surtax
-
-
-
-
total
261
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
906
967
926
876
After tax
1 044
983
1 024
1 074
Living cost
436
436
436
436
Free-cash
608
547
588
638

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
£1872
£1783
£1502
£1795
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
73
-
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%.

1 877
1 950
-
-
total
-
-
-
-
Dividends
1 877
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
58
58
58
58
Free-cash
1 783
1 795
1 502
1 872

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
£1839
£1744
£1469
£1762
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
113
-
1 950
-
income
23
-
390
-
total
23
-
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%.

1 837
1 950
-
-
total
-
-
-
-
Dividends
1 837
1 950
-
-
withholding
92
97
-
-
total
92
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
115
97
390
20
After tax
1 835
1 853
1 560
1 930
Living cost
91
91
91
91
Free-cash
1 744
1 762
1 469
1 839

Estimated living cost  is £91 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
£641
£772
£861
£655
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
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.

-
-
-
35
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.

-
-
-
643
trade
-
-
-
220
total
-
-
-
960
Employee

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

449
-
1 950
-
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
-
643
-
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
-
35
-
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
-
740
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 501
1 950
-
-
trade
215
280
-
-
income
225
292
-
-
chamber of commerce
4
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.

12
16
-
-
total
456
592
-
-
Dividends
1 044
1 357
-
-
withholding
258
336
-
-
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
-
-
total
272
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
829
946
740
960
After tax
1 121
1 004
1 210
990
Living cost
349
349
349
349
Free-cash
772
655
861
641

Estimated living cost  is £349 per week

£240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£66
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
£696
£808
£937
£711
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
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.

-
-
-
35
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.

-
-
-
643
trade
-
-
-
241
total
-
-
-
981
Employee

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

345
-
1 950
-
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
-
643
-
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
-
35
-
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
-
740
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 605
1 950
-
-
trade
253
307
-
-
income
241
292
-
-
chamber of commerce
4
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.

13
16
-
-
total
511
619
-
-
Dividends
1 094
1 330
-
-
withholding
270
329
-
-
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
-
-
total
285
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
869
966
740
981
After tax
1 081
984
1 210
969
Living cost
273
273
273
273
Free-cash
808
711
937
696

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
£603
£746
£855
£618
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
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.

-
-
-
35
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.

-
-
-
643
trade
-
-
-
252
total
-
-
-
992
Employee

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

458
-
1 950
-
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
-
643
-
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
-
35
-
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
-
740
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 492
1 950
-
-
trade
245
321
-
-
income
224
292
-
-
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.

12
16
-
-
total
484
633
-
-
Dividends
1 007
1 317
-
-
withholding
248
326
-
-
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
-
-
total
262
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
849
977
740
992
After tax
1 101
973
1 210
958
Living cost
355
355
355
355
Free-cash
746
618
855
603

Estimated living cost  is £355 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
£534
£694
£796
£550
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
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.

-
-
-
35
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.

-
-
-
643
trade
-
-
-
262
total
-
-
-
1 002
Employee

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

543
-
1 950
-
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
-
643
-
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
-
35
-
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
-
740
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 407
1 950
-
-
trade
241
334
-
-
income
211
292
-
-
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.

12
16
-
-
total
467
646
-
-
Dividends
940
1 303
-
-
withholding
232
322
-
-
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
-
-
total
245
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
842
986
740
1 002
After tax
1 108
964
1 210
948
Living cost
414
414
414
414
Free-cash
694
550
796
534

Estimated living cost  is £414 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
£714
£994
£659
£1024
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
surtax
-
-
-
101
unemployment
-
-
-
2
health
-
-
-
86
pensions
-
-
-
241
income
-
-
-
603
other
-
-
-
-
total
-
-
-
1 033
Employee
304
-
1 696
-
unemployment
21
-
84
-
other
-
-
-
-
income
51
-
549
-
surtax
1
-
90
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
834
-
Employer
304
-
1 696
-
pensions
41
-
161
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
65
-
254
-
Corporate
1 582
1 950
-
-
income
411
507
-
-
total
411
507
-
-
Dividends
1 171
1 443
-
-
withholding
176
216
-
-
total
176
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
753
723
1 088
1 033
After tax
1 197
1 227
862
917
Living cost
203
203
203
203
Free-cash
994
1 024
659
714

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
£718
£999
£663
£1028
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
surtax
-
-
-
101
unemployment
-
-
-
2
health
-
-
-
86
pensions
-
-
-
241
income
-
-
-
603
other
-
-
-
-
total
-
-
-
1 033
Employee
299
-
1 696
-
unemployment
21
-
84
-
other
-
-
-
-
income
50
-
549
-
surtax
1
-
90
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
834
-
Employer
299
-
1 696
-
pensions
40
-
161
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
254
-
Corporate
1 589
1 950
-
-
income
413
507
-
-
total
413
507
-
-
Dividends
1 176
1 443
-
-
withholding
176
216
-
-
total
176
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
752
723
1 088
1 033
After tax
1 198
1 227
862
917
Living cost
199
199
199
199
Free-cash
999
1 028
663
718

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
£1171
£918
£951
£914
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.

261
104
1 632
-
unemployment
4
2
24
-
income
32
13
199
-
pensions
26
10
163
-
health
18
7
114
-
total
80
32
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.

261
104
1 632
-
pensions
51
20
318
-
total
51
20
318
-
Corporate
1 638
1 826
-
-
income
147
164
-
-
total
147
164
-
-
Dividends
1 491
1 662
-
-
withholding
283
316
-
-
social contributions
290
323
-
-
total
573
639
-
-
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
181
181
181
181
Free-cash
918
914
951
1 171

Estimated living cost  is £181 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
£673
£774
£685
£781
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
national
-
-
-
369
pensions
-
-
-
234
social contributions
-
-
-
21
municipal
-
-
-
217
total
-
-
-
841
Employee
676
-
1 686
-
municipal
83
-
224
-
national
129
-
385
-
pensions
27
-
67
-
total
239
-
676
-
Employer
676
-
1 686
-
pensions
54
-
135
-
social contributions
7
-
18
-
total
61
-
153
-
Corporate
1 168
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%.

234
390
-
-
total
234
390
-
-
Dividends
935
1 560
-
-
withholding
206
343
-
-
total
206
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
740
733
829
841
After tax
1 210
1 217
1 121
1 109
Living cost
436
436
436
436
Free-cash
774
781
685
673

Estimated living cost  is £436 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
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.
£93
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
£471
£871
£471
£851
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
-
-
-
334
income
-
-
-
631
total
-
-
-
965
Employee
706
-
1 950
-
social contributions
59
-
334
-
income
133
-
631
-
total
192
-
965
-
Employer
706
-
1 950
-
total
-
-
-
-
Corporate
1 244
1 950
-
-
income
155
244
-
-
total
155
244
-
-
Dividends
1 088
1 706
-
-
withholding
218
341
-
-
total
218
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
585
965
965
After tax
1 385
1 365
985
985
Living cost
514
514
514
514
Free-cash
871
851
471
471

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
£554
£612
£477
£659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
527
regional
-
-
-
24
social contributions
-
-
-
452
municipal
-
-
-
12
total
-
-
-
1 015
Employee
802
-
1 950
-
municipal
4
-
11
-
national
139
-
467
-
social contributions
271
-
592
-
regional
8
-
22
-
total
422
-
1 092
-
Employer
802
-
1 950
-
total
-
-
-
-
Corporate
1 148
1 950
-
-
nationa
275
468
-
-
municipal
45
76
-
-
total
320
544
-
-
Dividends
827
1 406
-
-
withholding
215
366
-
-
total
215
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
957
910
1 092
1 015
After tax
993
1 040
858
935
Living cost
381
381
381
381
Free-cash
612
659
477
554

Estimated living cost  is £381 per week

£266
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.
£85
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
£686
£761
£609
£782
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
national
-
-
-
527
regional
-
-
-
30
social contributions
-
-
-
452
municipal
-
-
-
12
total
-
-
-
1 021
Employee
501
-
1 950
-
municipal
3
-
11
-
national
79
-
467
-
social contributions
169
-
592
-
regional
7
-
28
-
total
258
-
1 098
-
Employer
501
-
1 950
-
total
-
-
-
-
Corporate
1 449
1 950
-
-
nationa
348
468
-
-
municipal
72
97
-
-
total
420
565
-
-
Dividends
1 029
1 385
-
-
withholding
268
360
-
-
total
268
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
946
925
1 098
1 021
After tax
1 004
1 025
852
929
Living cost
243
243
243
243
Free-cash
761
782
609
686

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