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
£ 2000
per

Your estimated
City
free-cash

Andorra , Andorra
£1189
£1499
£1242
£1530
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
-
-
-
2 000
social contributions
-
-
-
440
income
-
-
-
101
total
-
-
-
541
Employee
289
-
1 732
-
social contributions
19
-
113
-
income
-
-
107
-
total
19
-
220
-
Employer
289
-
1 732
-
social contributions
45
-
268
-
total
45
-
268
-
Corporate
1 667
2 000
-
-
income
167
200
-
-
total
167
200
-
-
Dividends
1 500
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
231
200
488
541
After tax
1 769
1 800
1 512
1 459
Living cost
270
270
270
270
Free-cash
1 499
1 530
1 242
1 189

Estimated living cost  is £270 per week

£174
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
£741
£812
£239
£816
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
-
-
-
2 000
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
80
chamber of commerce
-
-
-
8
pensions
-
-
-
194
income
-
-
-
636
total
-
-
-
973
Employee
392
358
1 654
-
unemployment
12
11
31
-
other
4
4
10
-
income
35
26
534
-
pensions
40
37
107
-
health
15
14
41
-
total
106
92
723
-
Employer
392
358
1 654
-
pensions
49
45
132
-
surtax
-
-
-
-
payroll
12
11
50
-
other
19
17
73
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
31
-
chamber of commerce
2
1
7
-
total
114
104
347
-
Corporate
1 495
1 539
1 620
-
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.

374
385
405
-
total
374
385
405
-
Dividends
1 121
1 154
-
-
withholding
308
317
-
-
total
308
317
-
-
Income
2 000
2 000
2 000
2 000
Total tax
902
898
1 475
973
After tax
1 098
1 102
525
1 027
Living cost
286
286
286
286
Free-cash
812
816
239
741

Estimated living cost  is £286 per week

£172
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.
£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

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
£709
£775
£208
£785
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
-
-
-
2 000
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
80
chamber of commerce
-
-
-
8
pensions
-
-
-
194
income
-
-
-
636
total
-
-
-
975
Employee
449
358
1 652
-
unemployment
13
11
31
-
other
4
4
10
-
income
51
26
533
-
pensions
46
37
107
-
health
17
14
41
-
total
131
92
722
-
Employer
449
358
1 652
-
pensions
56
45
132
-
surtax
2
2
2
-
payroll
13
11
50
-
other
21
17
73
-
health
17
14
40
-
accident
6
5
14
-
unemployment
13
11
31
-
chamber of commerce
2
1
7
-
total
130
106
349
-
Corporate
1 420
1 537
1 618
-
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.

355
384
405
-
total
355
384
405
-
Dividends
1 065
1 153
-
-
withholding
293
317
-
-
total
293
317
-
-
Income
2 000
2 000
2 000
2 000
Total tax
909
899
1 476
975
After tax
1 091
1 101
524
1 025
Living cost
316
316
316
316
Free-cash
775
785
208
709

Estimated living cost  is £316 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£542
£658
£354
£771
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
-
-
-
2 000
national
-
-
-
800
communal

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

-
-
-
107
social contributions
-
-
-
224
total
-
-
-
1 131
Employee

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

642
-
1 549
-
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
197
-
585
-
communal

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

33
-
81
-
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
-
116
-
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
-
73
-
total
314
-
868
-
Employer

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

642
-
1 549
-
surtax
73
-
176
-
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
-
137
-
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.

39
-
95
-
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
-
23
-
total
186
-
451
-
Corporate
1 171
2 000
-
-
income
234
427
-
-
surtax
5
9
-
-
total
239
436
-
-
Dividends
932
1 565
-
-
withholding

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

276
466
-
-
total
276
466
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 015
902
1 319
1 131
After tax
985
1 098
681
869
Living cost
327
327
327
327
Free-cash
658
771
354
542

Estimated living cost  is £327 per week

£211
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
£1463
£1502
£1545
£1556
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
-
-
-
2 000
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
300
total
-
-
-
383
Employee
205
-
1 938
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
194
-
pensions

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

18
-
28
-
health
9
-
14
-
total
49
-
239
-
Employer
205
-
1 938
-
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
1 755
2 000
-
-
income
176
200
-
-
total
176
200
-
-
Dividends
1 580
1 800
-
-
withholding
79
90
-
-
total
79
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
344
290
301
383
After tax
1 656
1 710
1 699
1 617
Living cost
154
154
154
154
Free-cash
1 502
1 556
1 545
1 463

Estimated living cost  is £154 per week

£102
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
£1499
£1549
£1581
£1592
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
-
-
-
2 000
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
300
total
-
-
-
383
Employee
156
-
1 938
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
194
-
pensions

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

14
-
28
-
health
7
-
14
-
total
39
-
239
-
Employer
156
-
1 938
-
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
1 814
2 000
-
-
income
181
200
-
-
total
181
200
-
-
Dividends
1 632
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
333
290
301
383
After tax
1 667
1 710
1 699
1 617
Living cost
118
118
118
118
Free-cash
1 549
1 592
1 581
1 499

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.
£37
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
£1138
£1201
£1122
£1250
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
-
-
-
2 000
health
-
-
-
51
social contributions
-
-
-
145
income
-
-
-
458
total
-
-
-
654
Employee
690
690
1 888
-
income
75
64
449
-
social contributions
26
57
77
-
health
5
12
32
-
total
106
133
558
-
Employer
690
690
1 888
-
social contributions
26
57
77
-
health
6
13
35
-
total
32
70
112
-
Corporate
1 654
1 240
-
-
income
207
155
-
-
total
207
155
-
-
Dividends
1 447
1 085
-
-
withholding
246
184
-
-
total
246
184
-
-
Income
2 000
2 000
2 000
2 000
Total tax
591
542
670
654
After tax
1 409
1 458
1 330
1 346
Living cost
208
208
208
208
Free-cash
1 201
1 250
1 122
1 138

Estimated living cost  is £208 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Larnaca model

Close
Limassol , Cyprus
£1055
£1130
£1039
£1167
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
-
-
-
2 000
health
-
-
-
51
social contributions
-
-
-
145
income
-
-
-
458
total
-
-
-
654
Employee
690
690
1 888
-
income
72
64
449
-
social contributions
34
57
77
-
health
7
12
32
-
total
113
133
558
-
Employer
690
690
1 888
-
social contributions
34
57
77
-
health
7
13
35
-
total
41
70
112
-
Corporate
1 555
1 240
-
-
income
194
155
-
-
total
194
155
-
-
Dividends
1 361
1 085
-
-
withholding
231
184
-
-
total
231
184
-
-
Income
2 000
2 000
2 000
2 000
Total tax
579
542
670
654
After tax
1 421
1 458
1 330
1 346
Living cost
291
291
291
291
Free-cash
1 130
1 167
1 039
1 055

Estimated living cost  is £291 per week

£199
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
£980
£1095
£891
£1169
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
-
-
-
2 000
health
-
-
-
270
social contributions
-
-
-
299
income
-
-
-
215
solidarity contribution
-
-
-
28
total
-
-
-
812
Employee
306
-
1 600
-
income
37
-
198
-
social contributions
20
-
67
-
health
41
-
216
-
solidarity contribution
-
-
20
-
total
98
-
501
-
Employer
306
-
1 600
-
social contributions
76
-
256
-
health
28
-
144
-
total
104
-
400
-
Corporate
1 590
2 000
-
-
income
302
380
-
-
total
302
380
-
-
Dividends
1 288
1 620
-
-
withholding
193
243
-
-
total
193
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
697
623
901
812
After tax
1 303
1 377
1 099
1 188
Living cost
208
208
208
208
Free-cash
1 095
1 169
891
980

Estimated living cost  is £208 per week

£144
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
£932
£1030
£843
£1121
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
-
-
-
2 000
health
-
-
-
270
social contributions
-
-
-
299
income
-
-
-
215
solidarity contribution
-
-
-
28
total
-
-
-
812
Employee
377
-
1 600
-
income
45
-
198
-
social contributions
24
-
67
-
health
51
-
216
-
solidarity contribution
-
-
20
-
total
120
-
501
-
Employer
377
-
1 600
-
social contributions
94
-
256
-
health
34
-
144
-
total
128
-
400
-
Corporate
1 495
2 000
-
-
income
284
380
-
-
total
284
380
-
-
Dividends
1 211
1 620
-
-
withholding
182
243
-
-
total
182
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
714
623
901
812
After tax
1 286
1 377
1 099
1 188
Living cost
256
256
256
256
Free-cash
1 030
1 121
843
932

Estimated living cost  is £256 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
£722
£22
£38
£38
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
-
-
-
2 000
national
-
-
-
248
pensions
-
-
-
8
municipal
-
-
-
429
labour market
-
-
-
159
total
-
-
-
844
Employee
1 830
1 830
1 830
-
municipal
390
390
390
-
national
224
224
224
-
pensions
3
3
3
-
labour market
146
146
146
-
total
763
763
763
-
Employer
1 830
1 830
1 830
-
pensions
5
5
5
-
labour market
146
146
146
-
municipal
390
390
390
-
national
224
224
224
-
total
765
765
765
-
Corporate
38
-
-
-
income
8
-
-
-
total
8
-
-
-
Dividends
30
-
-
-
withholding
8
-
-
-
total
8
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 544
1 528
1 528
844
After tax
456
472
472
1 156
Living cost
434
434
434
434
Free-cash
22
38
38
722

Estimated living cost  is £434 per week

£297
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.
£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
£855
£1327
£936
£1383
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
-
-
-
2 000
health
-
-
-
260
pensions
-
-
-
400
income
-
-
-
268
total
-
-
-
928
Employee
255
-
1 495
-
unemployment
4
-
24
-
income
29
-
288
-
pensions
5
-
30
-
total
38
-
342
-
Employer
255
-
1 495
-
pensions
51
-
299
-
health
33
-
194
-
unemployment
2
-
12
-
total
86
-
505
-
Corporate
1 659
2 000
-
-
income
332
400
-
-
total
332
400
-
-
Dividends
1 327
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
456
400
847
928
After tax
1 544
1 600
1 153
1 072
Living cost
217
217
217
217
Free-cash
1 327
1 383
936
855

Estimated living cost  is £217 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
£884
£910
£654
£882
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

-
-
-
2 000
national
-
-
-
389
health
-
-
-
27
municipal
-
-
-
355
total
-
-
-
771
Employee
472
-
1 683
-
unemployment
7
-
25
-
municipal
77
-
274
-
national
8
-
248
-
pensions
32
-
114
-
health
4
-
22
-
total
128
-
683
-
Employer
472
-
1 683
-
pensions
82
-
292
-
health
4
-
13
-
accident
-
-
2
-
unemployment
3
-
11
-
total
89
-
318
-
Corporate
1 439
2 000
-
-
income
288
400
-
-
total
288
400
-
-
Dividends

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

863
1 200
-
-
municipal
155
216
-
-
national
85
157
-
-
total
240
373
-
-
Income
2 000
2 000
2 000
2 000
Total tax
745
773
1 001
771
After tax
1 255
1 227
999
1 229
Living cost
345
345
345
345
Free-cash
910
882
654
884

Estimated living cost  is £345 per week

£225
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.
£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
£818
£780
£762
£731
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
-
-
-
2 000
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
317
social contributions
-
-
-
57
income
-
-
-
371
other
-
-
-
62
total
-
-
-
905
Employee
343
-
1 526
-
income
18
-
329
-
surtax
-
-
-
-
social contributions
10
-
43
-
pensions
39
-
115
-
total
67
-
487
-
Employer
343
-
1 526
-
pensions
56
-
192
-
social contributions
1
-
5
-
other
12
-
63
-
health
24
-
152
-
unemployment
14
-
62
-
total
107
-
474
-
Corporate
1 550
2 000
-
-
income
434
560
-
-
surtax
-
-
-
-
total
434
560
-
-
Dividends
1 116
1 440
-
-
withholding
143
184
-
-
social contributions
192
248
-
-
surtax
-
-
-
-
total
335
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
943
992
961
905
After tax
1 057
1 008
1 039
1 095
Living cost
277
277
277
277
Free-cash
780
731
762
818

Estimated living cost  is £277 per week

£160
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
£788
£754
£732
£701
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
-
-
-
2 000
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
317
social contributions
-
-
-
57
income
-
-
-
371
other
-
-
-
62
total
-
-
-
905
Employee
384
-
1 526
-
income
23
-
329
-
surtax
-
-
-
-
social contributions
11
-
43
-
pensions
43
-
115
-
total
77
-
487
-
Employer
384
-
1 526
-
pensions
63
-
192
-
social contributions
1
-
5
-
other
13
-
63
-
health
27
-
152
-
unemployment
16
-
62
-
total
120
-
474
-
Corporate
1 496
2 000
-
-
income
419
560
-
-
surtax
-
-
-
-
total
419
560
-
-
Dividends
1 077
1 440
-
-
withholding
138
184
-
-
social contributions
185
248
-
-
surtax
-
-
-
-
total
323
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
939
992
961
905
After tax
1 061
1 008
1 039
1 095
Living cost
307
307
307
307
Free-cash
754
701
732
788

Estimated living cost  is £307 per week

£194
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.
£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 Nice model

Close
Paris , France
£661
£637
£605
£574
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
-
-
-
2 000
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
317
social contributions
-
-
-
57
income
-
-
-
371
other
-
-
-
62
total
-
-
-
905
Employee
562
-
1 526
-
income
49
-
329
-
surtax
-
-
-
-
social contributions
16
-
43
-
pensions
64
-
115
-
total
129
-
487
-
Employer
562
-
1 526
-
pensions
92
-
192
-
social contributions
2
-
5
-
other
19
-
63
-
health
39
-
152
-
unemployment
23
-
62
-
total
175
-
474
-
Corporate
1 262
2 000
-
-
income
353
560
-
-
surtax
-
-
-
-
total
353
560
-
-
Dividends
909
1 440
-
-
withholding
116
184
-
-
social contributions
156
248
-
-
surtax
-
-
-
-
total
272
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
929
992
961
905
After tax
1 071
1 008
1 039
1 095
Living cost
434
434
434
434
Free-cash
637
574
605
661

Estimated living cost  is £434 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£1922
£1832
£1542
£1842
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%.

-
-
-
2 000
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
72
-
2 000
-
income
14
-
400
-
total
14
-
400
-
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%.

1 928
2 000
-
-
total
-
-
-
-
Dividends
1 928
2 000
-
-
withholding
96
100
-
-
total
96
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
110
100
400
20
After tax
1 890
1 900
1 600
1 980
Living cost
58
58
58
58
Free-cash
1 832
1 842
1 542
1 922

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
£1890
£1794
£1510
£1810
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%.

-
-
-
2 000
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
112
-
2 000
-
income
22
-
400
-
total
22
-
400
-
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%.

1 888
2 000
-
-
total
-
-
-
-
Dividends
1 888
2 000
-
-
withholding
94
100
-
-
total
94
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
116
100
400
20
After tax
1 884
1 900
1 600
1 980
Living cost
90
90
90
90
Free-cash
1 794
1 810
1 510
1 890

Estimated living cost  is £90 per week

£61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Berlin , Germany
£663
£798
£890
£682
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.

-
-
-
2 000
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.

-
-
-
37
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.

-
-
-
61
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.

-
-
-
665
trade
-
-
-
227
total
-
-
-
990
Employee

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

447
-
2 000
-
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
-
665
-
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
-
37
-
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.

61
-
61
-
total
100
-
763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 553
2 000
-
-
trade
223
287
-
-
income
233
300
-
-
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
473
607
-
-
Dividends
1 081
1 392
-
-
withholding
267
345
-
-
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
19
-
-
total
282
364
-
-
Income
2 000
2 000
2 000
2 000
Total tax
855
971
763
990
After tax
1 145
1 029
1 237
1 010
Living cost
347
347
347
347
Free-cash
798
682
890
663

Estimated living cost  is £347 per week

£239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dresden , Germany
£716
£835
£965
£736
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.

-
-
-
2 000
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.

-
-
-
37
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.

-
-
-
61
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.

-
-
-
665
trade
-
-
-
249
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.

343
-
2 000
-
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
-
665
-
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
-
37
-
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.

61
-
61
-
total
72
-
763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 657
2 000
-
-
trade
261
315
-
-
income
248
300
-
-
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.

14
16
-
-
total
527
635
-
-
Dividends
1 130
1 364
-
-
withholding
279
338
-
-
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
19
-
-
total
294
357
-
-
Income
2 000
2 000
2 000
2 000
Total tax
893
992
763
1 012
After tax
1 107
1 008
1 237
988
Living cost
272
272
272
272
Free-cash
835
736
965
716

Estimated living cost  is £272 per week

£171
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
£624
£771
£884
£646
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.

-
-
-
2 000
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.

-
-
-
37
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.

-
-
-
61
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.

-
-
-
665
trade
-
-
-
260
total
-
-
-
1 023
Employee

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

455
-
2 000
-
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
-
665
-
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
-
37
-
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.

61
-
61
-
total
102
-
763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 545
2 000
-
-
trade
254
329
-
-
income
232
300
-
-
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
503
649
-
-
Dividends
1 043
1 350
-
-
withholding
257
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.

14
18
-
-
total
271
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
876
1 001
763
1 023
After tax
1 124
999
1 237
977
Living cost
353
353
353
353
Free-cash
771
646
884
624

Estimated living cost  is £353 per week

£236
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.
£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

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
£555
£725
£826
£577
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.

-
-
-
2 000
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.

-
-
-
37
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.

-
-
-
61
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.

-
-
-
665
trade
-
-
-
271
total
-
-
-
1 034
Employee

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

540
-
2 000
-
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.

63
-
665
-
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
-
37
-
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.

61
-
61
-
total
127
-
763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 460
2 000
-
-
trade
250
343
-
-
income
219
300
-
-
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
663
-
-
Dividends
975
1 336
-
-
withholding
240
331
-
-
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
253
349
-
-
Income
2 000
2 000
2 000
2 000
Total tax
864
1 012
763
1 034
After tax
1 136
988
1 237
966
Living cost
411
411
411
411
Free-cash
725
577
826
555

Estimated living cost  is £411 per week

£300
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
£739
£1027
£683
£1056
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
-
-
-
2 000
surtax
-
-
-
105
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
240
income
-
-
-
627
other
-
-
-
-
total
-
-
-
1 059
Employee
302
-
1 748
-
unemployment
21
-
83
-
other
-
-
-
-
income
51
-
573
-
surtax
1
-
95
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
862
-
Employer
302
-
1 748
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
64
-
253
-
Corporate
1 634
2 000
-
-
income
425
520
-
-
total
425
520
-
-
Dividends
1 209
1 480
-
-
withholding
181
222
-
-
total
181
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
771
742
1 115
1 059
After tax
1 229
1 258
885
941
Living cost
202
202
202
202
Free-cash
1 027
1 056
683
739

Estimated living cost  is £202 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
£743
£1030
£687
£1060
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
-
-
-
2 000
surtax
-
-
-
105
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
240
income
-
-
-
627
other
-
-
-
-
total
-
-
-
1 059
Employee
297
-
1 748
-
unemployment
21
-
83
-
other
-
-
-
-
income
50
-
573
-
surtax
1
-
95
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
862
-
Employer
297
-
1 748
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
253
-
Corporate
1 641
2 000
-
-
income
427
520
-
-
total
427
520
-
-
Dividends
1 214
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
772
742
1 115
1 059
After tax
1 228
1 258
885
941
Living cost
198
198
198
198
Free-cash
1 030
1 060
687
743

Estimated living cost  is £198 per week

£121
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
£1205
£946
£980
£943
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
-
-
-
2 000
unemployment
-
-
-
30
health
-
-
-
140
pensions
-
-
-
200
income
-
-
-
245
total
-
-
-
615
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.

259
103
1 674
-
unemployment
4
2
25
-
income
32
13
205
-
pensions
26
10
167
-
health
18
7
117
-
total
80
32
514
-
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.

259
103
1 674
-
pensions
51
20
326
-
total
51
20
326
-
Corporate
1 690
1 877
-
-
income
152
169
-
-
total
152
169
-
-
Dividends
1 538
1 708
-
-
withholding
292
324
-
-
social contributions
299
332
-
-
total
591
656
-
-
Income
2 000
2 000
2 000
2 000
Total tax
874
877
840
615
After tax
1 126
1 123
1 160
1 385
Living cost
180
180
180
180
Free-cash
946
943
980
1 205

Estimated living cost  is £180 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
£699
£807
£711
£814
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
-
-
-
2 000
national
-
-
-
382
pensions
-
-
-
240
social contributions
-
-
-
22
municipal
-
-
-
223
total
-
-
-
867
Employee
673
-
1 729
-
municipal
83
-
230
-
national
129
-
399
-
pensions
27
-
69
-
total
239
-
698
-
Employer
673
-
1 729
-
pensions
54
-
138
-
social contributions
7
-
19
-
total
61
-
157
-
Corporate
1 221
2 000
-
-
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%.

244
400
-
-
total
244
400
-
-
Dividends
977
1 600
-
-
withholding
215
352
-
-
total
215
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
759
752
855
867
After tax
1 241
1 248
1 145
1 133
Living cost
434
434
434
434
Free-cash
807
814
711
699

Estimated living cost  is £434 per week

£295
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
£494
£909
£494
£889
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
-
-
-
2 000
social contributions
-
-
-
343
income
-
-
-
652
total
-
-
-
995
Employee
702
-
2 000
-
social contributions
58
-
343
-
income
133
-
652
-
total
191
-
995
-
Employer
702
-
2 000
-
total
-
-
-
-
Corporate
1 298
2 000
-
-
income
162
250
-
-
total
162
250
-
-
Dividends
1 136
1 750
-
-
withholding
227
350
-
-
total
227
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
600
995
995
After tax
1 420
1 400
1 005
1 005
Living cost
511
511
511
511
Free-cash
909
889
494
494

Estimated living cost  is £511 per week

£389
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
£585
£641
£508
£688
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
-
-
-
2 000
national
-
-
-
550
regional
-
-
-
25
social contributions
-
-
-
449
municipal
-
-
-
12
total
-
-
-
1 036
Employee
798
-
2 000
-
municipal
4
-
11
-
national
138
-
490
-
social contributions
269
-
589
-
regional
8
-
23
-
total
419
-
1 113
-
Employer
798
-
2 000
-
total
-
-
-
-
Corporate
1 202
2 000
-
-
nationa
289
480
-
-
municipal
47
78
-
-
total
336
558
-
-
Dividends
867
1 442
-
-
withholding
225
375
-
-
total
225
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
980
933
1 113
1 036
After tax
1 020
1 067
887
964
Living cost
379
379
379
379
Free-cash
641
688
508
585

Estimated living cost  is £379 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
£716
£789
£639
£810
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
-
-
-
2 000
national
-
-
-
550
regional
-
-
-
31
social contributions
-
-
-
449
municipal
-
-
-
12
total
-
-
-
1 042
Employee
498
-
2 000
-
municipal
3
-
11
-
national
79
-
490
-
social contributions
168
-
589
-
regional
7
-
29
-
total
257
-
1 119
-
Employer
498
-
2 000
-
total
-
-
-
-
Corporate
1 502
2 000
-
-
nationa
360
480
-
-
municipal
75
99
-
-
total
435
579
-
-
Dividends
1 067
1 421
-
-
withholding
277
369
-
-
total
277
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
969
948
1 119
1 042
After tax
1 031
1 052
881
958
Living cost
242
242
242
242
Free-cash
789
810
639
716

Estimated living cost  is £242 per week

£150
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.
£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