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
£ 2150
per

Your estimated
City
free-cash

Andorra , Andorra
£1678
£1361
£1304
£1649
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
-
-
-
2 150
social contributions
-
-
-
473
income
-
-
-
116
total
-
-
-
589
Employee
275
-
1 861
-
social contributions
18
-
121
-
income
-
-
122
-
total
18
-
243
-
Employer
275
-
1 861
-
social contributions
43
-
289
-
total
43
-
289
-
Corporate
1 832
2 150
-
-
income
183
215
-
-
total
183
215
-
-
Dividends
1 649
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
244
215
532
589
After tax
1 906
1 935
1 618
1 561
Living cost
257
257
257
257
Free-cash
1 649
1 678
1 361
1 304

Estimated living cost  is £257 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Graz , Austria
£913
£285
£825
£909
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
-
-
-
2 150
chamber of commerce
-
-
-
9
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
728
surtax
-
-
-
-
total
-
-
-
1 052
Employee
374
341
1 803
-
health
14
13
39
-
pensions
38
35
102
-
other
4
3
10
-
unemployment
11
10
30
-
income
33
25
621
-
total
100
86
802
-
Employer
374
341
1 803
-
pensions
47
43
126
-
accident
5
4
13
-
unemployment
11
10
30
-
surtax
-
-
-
-
payroll
11
10
54
-
chamber of commerce
1
1
7
-
health
14
13
38
-
other
18
16
79
-
total
107
97
347
-
Corporate
1 668
1 710
1 771
-
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.

417
428
443
-
total
417
428
443
-
Dividends
1 251
1 283
-
-
withholding
344
353
-
-
total
344
353
-
-
Income
2 150
2 150
2 150
2 150
Total tax
968
964
1 592
1 052
After tax
1 182
1 186
558
1 098
Living cost
273
273
273
273
Free-cash
909
913
285
825

Estimated living cost  is £273 per week

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

Additional information

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

Source of data for Graz model

Close
Vienna , Austria
£884
£256
£794
£867
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
-
-
-
2 150
chamber of commerce
-
-
-
9
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
728
surtax
-
-
-
2
total
-
-
-
1 054
Employee
428
341
1 802
-
health
17
13
39
-
pensions
44
35
102
-
other
4
3
10
-
unemployment
13
10
30
-
income
49
25
620
-
total
127
86
801
-
Employer
428
341
1 802
-
pensions
54
43
126
-
accident
6
4
13
-
unemployment
13
10
30
-
surtax
2
2
2
-
payroll
13
10
54
-
chamber of commerce
2
1
7
-
health
16
13
38
-
other
20
16
79
-
total
126
99
349
-
Corporate
1 597
1 709
1 769
-
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.

399
427
442
-
total
399
427
442
-
Dividends
1 198
1 282
-
-
withholding
329
352
-
-
total
329
352
-
-
Income
2 150
2 150
2 150
2 150
Total tax
981
964
1 592
1 054
After tax
1 169
1 186
558
1 096
Living cost
302
302
302
302
Free-cash
867
884
256
794

Estimated living cost  is £302 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£855
£409
£624
£762
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
-
-
-
2 150
social contributions
-
-
-
214
communal

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

-
-
-
116
national
-
-
-
884
total
-
-
-
1 214
Employee

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

613
-
1 665
-
health

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

29
-
78
-
pensions

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

46
-
125
-
communal

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

32
-
87
-
national
188
-
640
-
unemployment

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

5
-
14
-
total
300
-
944
-
Employer

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

613
-
1 665
-
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
-
22
-
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
-
24
-
surtax
69
-
189
-
health

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

38
-
102
-
pensions

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

54
-
148
-
total
178
-
485
-
Corporate
1 359
2 150
-
-
surtax
5
10
-
-
income
272
477
-
-
total
277
487
-
-
Dividends
1 082
1 663
-
-
withholding

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

321
496
-
-
total
321
496
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 076
983
1 429
1 214
After tax
1 074
1 167
721
936
Living cost
312
312
312
312
Free-cash
762
855
409
624

Estimated living cost  is £312 per week

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

Source of data for Brussels model

Close
Sofia , Bulgaria
£1691
£1692
£1601
£1641
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
-
-
-
2 150
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
323
total
-
-
-
402
Employee
195
-
2 091
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
19
-
209
-
total
47
-
252
-
Employer
195
-
2 091
-
accident

We are using the highest rate at 1.1%.

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

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

21
-
33
-
total
37
-
59
-
Corporate
1 917
2 150
-
-
income
192
215
-
-
total
192
215
-
-
Dividends
1 725
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
362
312
311
402
After tax
1 788
1 838
1 839
1 748
Living cost
147
147
147
147
Free-cash
1 641
1 691
1 692
1 601

Estimated living cost  is £147 per week

£97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
£1726
£1727
£1636
£1686
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
-
-
-
2 150
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
323
total
-
-
-
402
Employee
148
-
2 091
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
209
-
total
37
-
252
-
Employer
148
-
2 091
-
accident

We are using the highest rate at 1.1%.

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

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

16
-
33
-
total
29
-
59
-
Corporate
1 972
2 150
-
-
income
197
215
-
-
total
197
215
-
-
Dividends
1 775
1 935
-
-
withholding
89
97
-
-
total
89
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
352
312
311
402
After tax
1 798
1 838
1 839
1 748
Living cost
112
112
112
112
Free-cash
1 686
1 726
1 727
1 636

Estimated living cost  is £112 per week

£65
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
£1368
£1221
£1239
£1321
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
-
-
-
2 150
social contributions
-
-
-
139
health
-
-
-
55
income
-
-
-
519
total
-
-
-
713
Employee
659
659
2 039
-
health
5
11
35
-
social contributions
25
55
74
-
income
72
61
510
-
total
102
127
619
-
Employer
659
659
2 039
-
social contributions
25
55
74
-
health
6
12
38
-
total
31
67
112
-
Corporate
1 820
1 424
-
-
income
227
178
-
-
total
227
178
-
-
Dividends
1 592
1 246
-
-
withholding
271
212
-
-
total
271
212
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
584
731
713
After tax
1 519
1 566
1 419
1 437
Living cost
198
198
198
198
Free-cash
1 321
1 368
1 221
1 239

Estimated living cost  is £198 per week

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

Source of data for Larnaca model

Close
Limassol , Cyprus
£1288
£1141
£1159
£1252
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
-
-
-
2 150
social contributions
-
-
-
139
health
-
-
-
55
income
-
-
-
519
total
-
-
-
713
Employee
659
659
2 039
-
health
7
11
35
-
social contributions
32
55
74
-
income
69
61
510
-
total
108
127
619
-
Employer
659
659
2 039
-
social contributions
32
55
74
-
health
7
12
38
-
total
39
67
112
-
Corporate
1 725
1 424
-
-
income
216
178
-
-
total
216
178
-
-
Dividends
1 510
1 246
-
-
withholding
257
212
-
-
total
257
212
-
-
Income
2 150
2 150
2 150
2 150
Total tax
620
584
731
713
After tax
1 530
1 566
1 419
1 437
Living cost
278
278
278
278
Free-cash
1 252
1 288
1 141
1 159

Estimated living cost  is £278 per week

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

Source of data for Limassol model

Close
Brno , Czech Republic
£1279
£995
£1092
£1207
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
-
-
-
2 150
social contributions
-
-
-
290
health
-
-
-
290
solidarity contribution
-
-
-
41
income
-
-
-
236
total
-
-
-
857
Employee
296
-
1 745
-
health
40
-
236
-
social contributions
19
-
64
-
solidarity contribution
-
-
32
-
income
36
-
217
-
total
95
-
549
-
Employer
296
-
1 745
-
social contributions
74
-
248
-
health
27
-
157
-
total
101
-
405
-
Corporate
1 753
2 150
-
-
income
333
409
-
-
total
333
409
-
-
Dividends
1 420
1 741
-
-
withholding
213
261
-
-
total
213
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
742
670
954
857
After tax
1 408
1 480
1 196
1 293
Living cost
201
201
201
201
Free-cash
1 207
1 279
995
1 092

Estimated living cost  is £201 per week

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

Source of data for Brno model

Close
Prague , Czech Republic
£1232
£948
£1045
£1143
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
-
-
-
2 150
social contributions
-
-
-
290
health
-
-
-
290
solidarity contribution
-
-
-
41
income
-
-
-
236
total
-
-
-
857
Employee
365
-
1 745
-
health
49
-
236
-
social contributions
24
-
64
-
solidarity contribution
-
-
32
-
income
44
-
217
-
total
117
-
549
-
Employer
365
-
1 745
-
social contributions
91
-
248
-
health
33
-
157
-
total
124
-
405
-
Corporate
1 661
2 150
-
-
income
316
409
-
-
total
316
409
-
-
Dividends
1 346
1 741
-
-
withholding
202
261
-
-
total
202
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
759
670
954
857
After tax
1 391
1 480
1 196
1 293
Living cost
248
248
248
248
Free-cash
1 143
1 232
948
1 045

Estimated living cost  is £248 per week

£184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
£278
£278
£818
£144
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
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
467
pensions
-
-
-
7
national
-
-
-
273
total
-
-
-
918
Employee
1 746
1 746
1 746
-
municipal
372
372
372
-
pensions
2
2
2
-
national
213
213
213
-
labour market
140
140
140
-
total
727
727
727
-
Employer
1 746
1 746
1 746
-
labour market
140
140
140
-
national
214
214
214
-
municipal
372
372
372
-
pensions
5
5
5
-
total
731
731
731
-
Corporate
278
-
-
-
income
61
-
-
-
total
61
-
-
-
Dividends
217
-
-
-
withholding
73
-
-
-
total
73
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 592
1 458
1 458
918
After tax
558
692
692
1 232
Living cost
414
414
414
414
Free-cash
144
278
278
818

Estimated living cost  is £414 per week

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

Source of data for Copenhagen model

Close
Tallinn , Estonia
£1513
£1032
£946
£1459
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
-
-
-
2 150
health
-
-
-
279
pensions
-
-
-
430
income
-
-
-
288
total
-
-
-
997
Employee
243
-
1 607
-
pensions
5
-
32
-
unemployment
4
-
26
-
income
27
-
310
-
total
36
-
368
-
Employer
243
-
1 607
-
pensions
49
-
321
-
unemployment
2
-
13
-
health
32
-
209
-
total
83
-
543
-
Corporate
1 825
2 150
-
-
income
365
430
-
-
total
365
430
-
-
Dividends
1 460
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
484
430
911
997
After tax
1 666
1 720
1 239
1 153
Living cost
207
207
207
207
Free-cash
1 459
1 513
1 032
946

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
£973
£718
£964
£1007
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

-
-
-
2 150
health
-
-
-
30
municipal
-
-
-
382
national
-
-
-
445
total
-
-
-
857
Employee
451
-
1 809
-
health
3
-
24
-
municipal
74
-
294
-
pensions
30
-
122
-
national
7
-
294
-
unemployment
7
-
27
-
total
121
-
761
-
Employer
451
-
1 809
-
accident
-
-
2
-
unemployment
3
-
12
-
health
3
-
14
-
pensions
78
-
314
-
total
84
-
342
-
Corporate
1 614
2 150
-
-
income
323
430
-
-
total
323
430
-
-
Dividends

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

969
1 290
-
-
municipal
174
232
-
-
national
112
186
-
-
total
286
418
-
-
Income
2 150
2 150
2 150
2 150
Total tax
814
848
1 103
857
After tax
1 336
1 302
1 047
1 293
Living cost
329
329
329
329
Free-cash
1 007
973
718
964

Estimated living cost  is £329 per week

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

Additional information

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

Source of data for Helsinki model

Close
Marseille , France
£820
£817
£893
£867
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
111
pensions
-
-
-
322
other
-
-
-
67
income
-
-
-
432
surtax
-
-
-
-
total
-
-
-
993
Employee
327
-
1 630
-
income
17
-
376
-
social contributions
9
-
46
-
pensions
37
-
127
-
surtax
-
-
-
-
total
63
-
549
-
Employer
327
-
1 630
-
pensions
54
-
212
-
social contributions
1
-
5
-
unemployment
13
-
66
-
health
23
-
167
-
other
11
-
70
-
total
102
-
520
-
Corporate
1 721
2 150
-
-
surtax
-
-
-
-
income
482
602
-
-
total
482
602
-
-
Dividends
1 239
1 548
-
-
surtax
-
-
-
-
withholding
159
198
-
-
social contributions
213
266
-
-
total
372
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 019
1 066
1 069
993
After tax
1 131
1 084
1 081
1 157
Living cost
264
264
264
264
Free-cash
867
820
817
893

Estimated living cost  is £264 per week

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

Source of data for Marseille model

Close
Nice , France
£791
£788
£864
£841
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
111
pensions
-
-
-
322
other
-
-
-
67
income
-
-
-
432
surtax
-
-
-
-
total
-
-
-
993
Employee
367
-
1 630
-
income
22
-
376
-
social contributions
10
-
46
-
pensions
41
-
127
-
surtax
-
-
-
-
total
73
-
549
-
Employer
367
-
1 630
-
pensions
60
-
212
-
social contributions
1
-
5
-
unemployment
15
-
66
-
health
26
-
167
-
other
13
-
70
-
total
115
-
520
-
Corporate
1 669
2 150
-
-
surtax
-
-
-
-
income
467
602
-
-
total
467
602
-
-
Dividends
1 202
1 548
-
-
surtax
-
-
-
-
withholding
154
198
-
-
social contributions
207
266
-
-
total
361
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 016
1 066
1 069
993
After tax
1 134
1 084
1 081
1 157
Living cost
293
293
293
293
Free-cash
841
791
788
864

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Paris , France
£670
£667
£743
£727
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
111
pensions
-
-
-
322
other
-
-
-
67
income
-
-
-
432
surtax
-
-
-
-
total
-
-
-
993
Employee
536
-
1 630
-
income
47
-
376
-
social contributions
15
-
46
-
pensions
61
-
127
-
surtax
-
-
-
-
total
123
-
549
-
Employer
536
-
1 630
-
pensions
88
-
212
-
social contributions
2
-
5
-
unemployment
22
-
66
-
health
38
-
167
-
other
19
-
70
-
total
169
-
520
-
Corporate
1 446
2 150
-
-
surtax
-
-
-
-
income
405
602
-
-
total
405
602
-
-
Dividends
1 041
1 548
-
-
surtax
-
-
-
-
withholding
133
198
-
-
social contributions
179
266
-
-
total
312
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 009
1 066
1 069
993
After tax
1 141
1 084
1 081
1 157
Living cost
414
414
414
414
Free-cash
727
670
667
743

Estimated living cost  is £414 per week

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

Source of data for Paris model

Close
Batumi , Georgia
£1982
£1660
£2068
£1971
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
75
-
2 150
-
income
15
-
430
-
total
15
-
430
-
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%.

2 075
2 150
-
-
total
-
-
-
-
Dividends
2 075
2 150
-
-
withholding
104
108
-
-
total
104
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
119
108
430
22
After tax
2 031
2 042
1 720
2 128
Living cost
60
60
60
60
Free-cash
1 971
1 982
1 660
2 068

Estimated living cost  is £60 per week

£37
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
£1948
£1626
£2034
£1930
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
118
-
2 150
-
income
24
-
430
-
total
24
-
430
-
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%.

2 032
2 150
-
-
total
-
-
-
-
Dividends
2 032
2 150
-
-
withholding
102
108
-
-
total
102
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
126
108
430
22
After tax
2 024
2 042
1 720
2 128
Living cost
94
94
94
94
Free-cash
1 930
1 948
1 626
2 034

Estimated living cost  is £94 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Berlin , Germany
£775
£984
£733
£886
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.

-
-
-
2 150
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
trade
-
-
-
251
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.

-
-
-
736
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.

-
-
-
40
total
-
-
-
1 086
Employee

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

426
-
2 150
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
surtax

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

2
-
40
-
income

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

35
-
736
-
total
96
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 724
2 150
-
-
trade
247
309
-
-
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
-
-
chamber of commerce
4
4
-
-
income
259
322
-
-
total
524
653
-
-
Dividends
1 200
1 497
-
-
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.

16
20
-
-
withholding
297
371
-
-
total
313
391
-
-
Income
2 150
2 150
2 150
2 150
Total tax
933
1 044
835
1 086
After tax
1 217
1 106
1 315
1 064
Living cost
331
331
331
331
Free-cash
886
775
984
733

Estimated living cost  is £331 per week

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

Additional information

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

Source of data for Berlin model

Close
Dresden , Germany
£825
£1056
£780
£918
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.

-
-
-
2 150
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
trade
-
-
-
276
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.

-
-
-
736
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.

-
-
-
40
total
-
-
-
1 111
Employee

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

328
-
2 150
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
surtax

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

1
-
40
-
income

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

9
-
736
-
total
69
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 822
2 150
-
-
trade
287
339
-
-
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
-
-
chamber of commerce
4
4
-
-
income
273
322
-
-
total
579
683
-
-
Dividends
1 243
1 467
-
-
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.

17
20
-
-
withholding
308
363
-
-
total
325
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
973
1 066
835
1 111
After tax
1 177
1 084
1 315
1 039
Living cost
259
259
259
259
Free-cash
918
825
1 056
780

Estimated living cost  is £259 per week

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

Additional information

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

Source of data for Dresden model

Close
Hamburg , Germany
£736
£979
£691
£857
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.

-
-
-
2 150
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
trade
-
-
-
288
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.

-
-
-
736
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.

-
-
-
40
total
-
-
-
1 123
Employee

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

434
-
2 150
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
surtax

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

2
-
40
-
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
-
736
-
total
98
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 716
2 150
-
-
trade
282
354
-
-
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
-
-
chamber of commerce
4
4
-
-
income
257
322
-
-
total
557
698
-
-
Dividends
1 158
1 452
-
-
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.

16
20
-
-
withholding
286
360
-
-
total
302
380
-
-
Income
2 150
2 150
2 150
2 150
Total tax
957
1 078
835
1 123
After tax
1 193
1 072
1 315
1 027
Living cost
336
336
336
336
Free-cash
857
736
979
691

Estimated living cost  is £336 per week

£225
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
£669
£923
£623
£808
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.

-
-
-
2 150
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
trade
-
-
-
300
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.

-
-
-
736
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.

-
-
-
40
total
-
-
-
1 135
Employee

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

515
-
2 150
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
surtax

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

3
-
40
-
income

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

61
-
736
-
total
123
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 635
2 150
-
-
trade
280
369
-
-
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
-
-
chamber of commerce
4
4
-
-
income
245
322
-
-
total
542
713
-
-
Dividends
1 092
1 437
-
-
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
20
-
-
withholding
270
356
-
-
total
285
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
950
1 089
835
1 135
After tax
1 200
1 061
1 315
1 015
Living cost
392
392
392
392
Free-cash
808
669
923
623

Estimated living cost  is £392 per week

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

Additional information

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

Source of data for Munich model

Close
Athens , Greece
£1160
£765
£817
£1135
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
-
-
-
2 150
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
707
surtax
-
-
-
122
total
-
-
-
1 141
Employee
288
-
1 909
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
112
-
other
-
-
-
-
unemployment
20
-
80
-
income
48
-
656
-
total
95
-
953
-
Employer
288
-
1 909
-
pensions
38
-
152
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
240
-
Corporate
1 801
2 150
-
-
income
468
559
-
-
total
468
559
-
-
Dividends
1 333
1 591
-
-
withholding
200
239
-
-
total
200
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
823
798
1 193
1 141
After tax
1 327
1 352
957
1 009
Living cost
192
192
192
192
Free-cash
1 135
1 160
765
817

Estimated living cost  is £192 per week

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

Source of data for Athens model

Close
Thessaloniki , Greece
£1163
£768
£820
£1136
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
-
-
-
2 150
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
707
surtax
-
-
-
122
total
-
-
-
1 141
Employee
283
-
1 909
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
112
-
other
-
-
-
-
unemployment
20
-
80
-
income
47
-
656
-
total
94
-
953
-
Employer
283
-
1 909
-
pensions
38
-
152
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
240
-
Corporate
1 807
2 150
-
-
income
470
559
-
-
total
470
559
-
-
Dividends
1 337
1 591
-
-
withholding
201
239
-
-
total
201
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
825
798
1 193
1 141
After tax
1 325
1 352
957
1 009
Living cost
189
189
189
189
Free-cash
1 136
1 163
768
820

Estimated living cost  is £189 per week

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

Source of data for Thessaloniki model

Close
Budapest , Hungary
£1036
£1076
£1319
£1040
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
-
-
-
2 150
unemployment
-
-
-
32
health
-
-
-
151
pensions
-
-
-
215
income
-
-
-
263
total
-
-
-
661
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.

245
97
1 799
-
health
17
7
126
-
pensions
24
10
180
-
unemployment
4
1
27
-
income
30
12
220
-
total
75
30
553
-
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.

245
97
1 799
-
pensions
48
19
351
-
total
48
19
351
-
Corporate
1 858
2 034
-
-
income
167
183
-
-
total
167
183
-
-
Dividends
1 690
1 851
-
-
withholding
321
352
-
-
social contributions
329
360
-
-
total
650
712
-
-
Income
2 150
2 150
2 150
2 150
Total tax
940
944
904
661
After tax
1 210
1 206
1 246
1 489
Living cost
170
170
170
170
Free-cash
1 040
1 036
1 076
1 319

Estimated living cost  is £170 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Budapest model

Close
Reykjavik , Iceland
£908
£786
£775
£900
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
-
-
-
2 150
social contributions
-
-
-
23
municipal
-
-
-
240
pensions
-
-
-
258
national
-
-
-
420
total
-
-
-
941
Employee
672
-
1 859
-
municipal
83
-
248
-
pensions
27
-
74
-
national
129
-
439
-
total
239
-
761
-
Employer
672
-
1 859
-
social contributions
7
-
20
-
pensions
54
-
149
-
total
61
-
169
-
Corporate
1 372
2 150
-
-
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%.

274
430
-
-
total
274
430
-
-
Dividends
1 098
1 720
-
-
withholding
242
378
-
-
total
242
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
816
808
930
941
After tax
1 334
1 342
1 220
1 209
Living cost
434
434
434
434
Free-cash
900
908
786
775

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
£1017
£570
£570
£1036
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
-
-
-
2 150
social contributions
-
-
-
374
income
-
-
-
718
total
-
-
-
1 092
Employee
670
-
2 150
-
social contributions
56
-
374
-
income
126
-
718
-
total
182
-
1 092
-
Employer
670
-
2 150
-
total
-
-
-
-
Corporate
1 480
2 150
-
-
income
185
269
-
-
total
185
269
-
-
Dividends
1 295
1 881
-
-
withholding
259
376
-
-
total
259
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
626
645
1 092
1 092
After tax
1 524
1 505
1 058
1 058
Living cost
488
488
488
488
Free-cash
1 036
1 017
570
570

Estimated living cost  is £488 per week

£371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Milan , Italy
£786
£616
£689
£742
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
-
-
-
2 150
regional
-
-
-
28
social contributions
-
-
-
429
municipal
-
-
-
14
national
-
-
-
629
total
-
-
-
1 100
Employee
761
-
2 150
-
regional
7
-
26
-
municipal
4
-
13
-
social contributions
257
-
562
-
national
132
-
572
-
total
400
-
1 173
-
Employer
761
-
2 150
-
total
-
-
-
-
Corporate
1 389
2 150
-
-
nationa
333
516
-
-
municipal
54
84
-
-
total
387
600
-
-
Dividends
1 001
1 550
-
-
withholding
260
403
-
-
total
260
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 047
1 003
1 173
1 100
After tax
1 103
1 147
977
1 050
Living cost
361
361
361
361
Free-cash
742
786
616
689

Estimated living cost  is £361 per week

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

Source of data for Milan model

Close
Naples , Italy
£899
£740
£812
£881
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
-
-
-
2 150
regional
-
-
-
35
social contributions
-
-
-
429
municipal
-
-
-
14
national
-
-
-
629
total
-
-
-
1 107
Employee
475
-
2 150
-
regional
6
-
32
-
municipal
3
-
13
-
social contributions
160
-
562
-
national
75
-
572
-
total
244
-
1 179
-
Employer
475
-
2 150
-
total
-
-
-
-
Corporate
1 675
2 150
-
-
nationa
402
516
-
-
municipal
83
107
-
-
total
485
623
-
-
Dividends
1 190
1 527
-
-
withholding
309
397
-
-
total
309
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 038
1 020
1 179
1 107
After tax
1 112
1 130
971
1 043
Living cost
231
231
231
231
Free-cash
881
899
740
812

Estimated living cost  is £231 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.