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
£1293
£1633
£1350
£1664
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
-
-
-
113
total
-
-
-
586
Employee
290
-
1 861
-
social contributions
19
-
121
-
income
-
-
119
-
total
19
-
240
-
Employer
290
-
1 861
-
social contributions
45
-
289
-
total
45
-
289
-
Corporate
1 815
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 634
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
246
215
529
586
After tax
1 904
1 935
1 621
1 564
Living cost
271
271
271
271
Free-cash
1 633
1 664
1 350
1 293

Estimated living cost  is £271 per week

£175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Graz , Austria
£813
£892
£271
£895
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
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
9
pensions
-
-
-
195
income
-
-
-
709
total
-
-
-
1 049
Employee
394
359
1 793
-
unemployment
12
11
32
-
other
4
4
11
-
income
35
27
601
-
pensions
40
37
108
-
health
15
14
41
-
total
106
93
793
-
Employer
394
359
1 793
-
pensions
49
45
132
-
surtax
-
-
-
-
payroll
12
11
54
-
other
19
17
79
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
32
-
chamber of commerce
2
1
7
-
total
114
104
358
-
Corporate
1 642
1 687
1 759
-
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.

411
422
440
-
total
411
422
440
-
Dividends
1 232
1 265
-
-
withholding
339
348
-
-
total
339
348
-
-
Income
2 150
2 150
2 150
2 150
Total tax
970
967
1 591
1 049
After tax
1 180
1 183
559
1 101
Living cost
288
288
288
288
Free-cash
892
895
271
813

Estimated living cost  is £288 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Vienna , Austria
£781
£851
£241
£864
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
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
9
pensions
-
-
-
195
income
-
-
-
709
total
-
-
-
1 051
Employee
451
359
1 791
-
unemployment
14
11
32
-
other
5
4
11
-
income
51
27
600
-
pensions
46
37
108
-
health
17
14
41
-
total
133
93
792
-
Employer
451
359
1 791
-
pensions
57
45
132
-
surtax
2
2
2
-
payroll
14
11
54
-
other
21
17
79
-
health
17
14
40
-
accident
6
5
14
-
unemployment
14
11
32
-
chamber of commerce
2
1
7
-
total
133
106
360
-
Corporate
1 568
1 685
1 757
-
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.

392
421
439
-
total
392
421
439
-
Dividends
1 176
1 264
-
-
withholding
323
348
-
-
total
323
348
-
-
Income
2 150
2 150
2 150
2 150
Total tax
981
968
1 591
1 051
After tax
1 169
1 182
559
1 099
Living cost
318
318
318
318
Free-cash
851
864
241
781

Estimated living cost  is £318 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£606
£739
£397
£845
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
national
-
-
-
874
communal

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

-
-
-
116
social contributions
-
-
-
225
total
-
-
-
1 215
Employee

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

645
-
1 665
-
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
-
14
-
national
198
-
635
-
communal

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

34
-
87
-
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
-
125
-
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
-
78
-
total
316
-
939
-
Employer

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

645
-
1 665
-
surtax
73
-
189
-
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
-
148
-
health

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

40
-
102
-
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
-
total
187
-
485
-
Corporate
1 317
2 150
-
-
income
263
469
-
-
surtax
5
9
-
-
total
268
478
-
-
Dividends
1 049
1 671
-
-
withholding

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

311
498
-
-
total
311
498
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 082
976
1 424
1 215
After tax
1 068
1 174
726
935
Living cost
329
329
329
329
Free-cash
739
845
397
606

Estimated living cost  is £329 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Sofia , Bulgaria
£1588
£1629
£1679
£1683
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
323
total
-
-
-
407
Employee
205
-
2 088
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
209
-
pensions

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

18
-
28
-
health
9
-
14
-
total
50
-
254
-
Employer
205
-
2 088
-
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
1 904
2 150
-
-
income
190
215
-
-
total
190
215
-
-
Dividends
1 714
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
366
312
316
407
After tax
1 784
1 838
1 834
1 743
Living cost
155
155
155
155
Free-cash
1 629
1 683
1 679
1 588

Estimated living cost  is £155 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
£1625
£1678
£1716
£1720
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
323
total
-
-
-
407
Employee
157
-
2 088
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
209
-
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
-
254
-
Employer
157
-
2 088
-
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
1 963
2 150
-
-
income
196
215
-
-
total
196
215
-
-
Dividends
1 766
1 935
-
-
withholding
88
97
-
-
total
88
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
354
312
316
407
After tax
1 796
1 838
1 834
1 743
Living cost
118
118
118
118
Free-cash
1 678
1 720
1 716
1 625

Estimated living cost  is £118 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
£1232
£1310
£1213
£1357
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
-
-
-
55
social contributions
-
-
-
146
income
-
-
-
508
total
-
-
-
709
Employee
693
693
2 035
-
income
75
64
499
-
social contributions
26
58
78
-
health
5
12
35
-
total
106
134
612
-
Employer
693
693
2 035
-
social contributions
26
58
78
-
health
6
13
38
-
total
32
71
116
-
Corporate
1 802
1 386
-
-
income
225
173
-
-
total
225
173
-
-
Dividends
1 577
1 213
-
-
withholding
268
206
-
-
total
268
206
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
584
728
709
After tax
1 519
1 566
1 422
1 441
Living cost
209
209
209
209
Free-cash
1 310
1 357
1 213
1 232

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
£1149
£1236
£1130
£1274
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
-
-
-
55
social contributions
-
-
-
146
income
-
-
-
508
total
-
-
-
709
Employee
693
693
2 035
-
income
73
64
499
-
social contributions
34
58
78
-
health
7
12
35
-
total
114
134
612
-
Employer
693
693
2 035
-
social contributions
34
58
78
-
health
8
13
38
-
total
42
71
116
-
Corporate
1 703
1 386
-
-
income
213
173
-
-
total
213
173
-
-
Dividends
1 490
1 213
-
-
withholding
253
206
-
-
total
253
206
-
-
Income
2 150
2 150
2 150
2 150
Total tax
622
584
728
709
After tax
1 528
1 566
1 422
1 441
Living cost
292
292
292
292
Free-cash
1 236
1 274
1 130
1 149

Estimated living cost  is £292 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Brno , Czech Republic
£1080
£1197
£983
£1271
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
-
-
-
290
social contributions
-
-
-
300
income
-
-
-
234
solidarity contribution
-
-
-
37
total
-
-
-
861
Employee
307
-
1 737
-
income
37
-
215
-
social contributions
20
-
67
-
health
41
-
234
-
solidarity contribution
-
-
29
-
total
98
-
545
-
Employer
307
-
1 737
-
social contributions
77
-
257
-
health
28
-
156
-
total
105
-
413
-
Corporate
1 739
2 150
-
-
income
330
409
-
-
total
330
409
-
-
Dividends
1 409
1 741
-
-
withholding
211
261
-
-
total
211
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
744
670
958
861
After tax
1 406
1 480
1 192
1 289
Living cost
209
209
209
209
Free-cash
1 197
1 271
983
1 080

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Prague , Czech Republic
£1032
£1132
£935
£1223
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
-
-
-
290
social contributions
-
-
-
300
income
-
-
-
234
solidarity contribution
-
-
-
37
total
-
-
-
861
Employee
378
-
1 737
-
income
45
-
215
-
social contributions
25
-
67
-
health
51
-
234
-
solidarity contribution
-
-
29
-
total
121
-
545
-
Employer
378
-
1 737
-
social contributions
94
-
257
-
health
34
-
156
-
total
128
-
413
-
Corporate
1 644
2 150
-
-
income
312
409
-
-
total
312
409
-
-
Dividends
1 331
1 741
-
-
withholding
200
261
-
-
total
200
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
761
670
958
861
After tax
1 389
1 480
1 192
1 289
Living cost
257
257
257
257
Free-cash
1 132
1 223
935
1 032

Estimated living cost  is £257 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
£801
£100
£180
£180
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
national
-
-
-
271
pensions
-
-
-
8
municipal
-
-
-
464
labour market
-
-
-
171
total
-
-
-
914
Employee
1 838
1 838
1 838
-
municipal
391
391
391
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
766
766
766
-
Employer
1 838
1 838
1 838
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
392
392
392
-
national
225
225
225
-
total
769
769
769
-
Corporate
180
-
-
-
income
40
-
-
-
total
40
-
-
-
Dividends
140
-
-
-
withholding
40
-
-
-
total
40
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 615
1 535
1 535
914
After tax
535
615
615
1 236
Living cost
435
435
435
435
Free-cash
100
180
180
801

Estimated living cost  is £435 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Tallinn , Estonia
£935
£1446
£1021
£1502
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
256
-
1 607
-
unemployment
4
-
26
-
income
29
-
310
-
pensions
5
-
32
-
total
38
-
368
-
Employer
256
-
1 607
-
pensions
51
-
321
-
health
33
-
209
-
unemployment
2
-
13
-
total
86
-
543
-
Corporate
1 808
2 150
-
-
income
362
430
-
-
total
362
430
-
-
Dividends
1 446
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
486
430
911
997
After tax
1 664
1 720
1 239
1 153
Living cost
218
218
218
218
Free-cash
1 446
1 502
1 021
935

Estimated living cost  is £218 per week

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

Source of data for Tallinn model

Close
Helsinki , Finland
£959
£994
£713
£967
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
national
-
-
-
434
health
-
-
-
29
municipal
-
-
-
382
total
-
-
-
845
Employee
474
-
1 809
-
unemployment
7
-
27
-
municipal
78
-
294
-
national
8
-
282
-
pensions
32
-
122
-
health
4
-
24
-
total
129
-
749
-
Employer
474
-
1 809
-
pensions
82
-
314
-
health
4
-
14
-
accident
-
-
2
-
unemployment
3
-
12
-
total
89
-
342
-
Corporate
1 586
2 150
-
-
income
317
430
-
-
total
317
430
-
-
Dividends

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

952
1 290
-
-
municipal
171
232
-
-
national
104
175
-
-
total
275
407
-
-
Income
2 150
2 150
2 150
2 150
Total tax
810
837
1 091
845
After tax
1 340
1 313
1 059
1 305
Living cost
346
346
346
346
Free-cash
994
967
713
959

Estimated living cost  is £346 per week

£226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Marseille , France
£888
£856
£816
£806
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
surtax
-
-
-
-
health
-
-
-
108
pensions
-
-
-
330
social contributions
-
-
-
61
income
-
-
-
418
other
-
-
-
67
total
-
-
-
984
Employee
344
-
1 635
-
income
18
-
367
-
surtax
-
-
-
-
social contributions
10
-
47
-
pensions
39
-
126
-
total
67
-
540
-
Employer
344
-
1 635
-
pensions
57
-
210
-
social contributions
1
-
5
-
other
12
-
69
-
health
24
-
166
-
unemployment
14
-
66
-
total
108
-
516
-
Corporate
1 698
2 150
-
-
income
475
602
-
-
surtax
-
-
-
-
total
475
602
-
-
Dividends
1 223
1 548
-
-
withholding
156
198
-
-
social contributions
210
266
-
-
surtax
-
-
-
-
total
366
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 016
1 066
1 056
984
After tax
1 134
1 084
1 094
1 166
Living cost
278
278
278
278
Free-cash
856
806
816
888

Estimated living cost  is £278 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Nice , France
£857
£828
£785
£775
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
surtax
-
-
-
-
health
-
-
-
108
pensions
-
-
-
330
social contributions
-
-
-
61
income
-
-
-
418
other
-
-
-
67
total
-
-
-
984
Employee
386
-
1 635
-
income
23
-
367
-
surtax
-
-
-
-
social contributions
11
-
47
-
pensions
44
-
126
-
total
78
-
540
-
Employer
386
-
1 635
-
pensions
63
-
210
-
social contributions
1
-
5
-
other
13
-
69
-
health
27
-
166
-
unemployment
16
-
66
-
total
120
-
516
-
Corporate
1 644
2 150
-
-
income
460
602
-
-
surtax
-
-
-
-
total
460
602
-
-
Dividends
1 183
1 548
-
-
withholding
151
198
-
-
social contributions
204
266
-
-
surtax
-
-
-
-
total
355
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 013
1 066
1 056
984
After tax
1 137
1 084
1 094
1 166
Living cost
309
309
309
309
Free-cash
828
775
785
857

Estimated living cost  is £309 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Paris , France
£730
£710
£658
£648
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
surtax
-
-
-
-
health
-
-
-
108
pensions
-
-
-
330
social contributions
-
-
-
61
income
-
-
-
418
other
-
-
-
67
total
-
-
-
984
Employee
565
-
1 635
-
income
49
-
367
-
surtax
-
-
-
-
social contributions
16
-
47
-
pensions
64
-
126
-
total
129
-
540
-
Employer
565
-
1 635
-
pensions
93
-
210
-
social contributions
2
-
5
-
other
19
-
69
-
health
40
-
166
-
unemployment
23
-
66
-
total
177
-
516
-
Corporate
1 409
2 150
-
-
income
394
602
-
-
surtax
-
-
-
-
total
394
602
-
-
Dividends
1 014
1 548
-
-
withholding
130
198
-
-
social contributions
174
266
-
-
surtax
-
-
-
-
total
304
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 004
1 066
1 056
984
After tax
1 146
1 084
1 094
1 166
Living cost
436
436
436
436
Free-cash
710
648
658
730

Estimated living cost  is £436 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Batumi , Georgia
£2070
£1974
£1662
£1984
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
72
-
2 150
-
income
14
-
430
-
total
14
-
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%.

2 078
2 150
-
-
total
-
-
-
-
Dividends
2 078
2 150
-
-
withholding
104
108
-
-
total
104
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
118
108
430
22
After tax
2 032
2 042
1 720
2 128
Living cost
58
58
58
58
Free-cash
1 974
1 984
1 662
2 070

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
£2038
£1935
£1630
£1952
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
113
-
2 150
-
income
23
-
430
-
total
23
-
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%.

2 037
2 150
-
-
total
-
-
-
-
Dividends
2 037
2 150
-
-
withholding
102
108
-
-
total
102
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
108
430
22
After tax
2 025
2 042
1 720
2 128
Living cost
90
90
90
90
Free-cash
1 935
1 952
1 630
2 038

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
£725
£875
£973
£756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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
health

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

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

-
-
-
62
income

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

-
-
-
727
trade
-
-
-
248
total
-
-
-
1 077
Employee

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

449
-
2 150
-
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
-
727
-
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
-
health

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

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

62
-
62
-
total
101
-
829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 701
2 150
-
-
trade
244
309
-
-
income
255
323
-
-
chamber of commerce
4
5
-
-
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
517
655
-
-
Dividends
1 184
1 497
-
-
withholding
293
371
-
-
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
-
-
total
309
391
-
-
Income
2 150
2 150
2 150
2 150
Total tax
927
1 046
829
1 077
After tax
1 223
1 104
1 321
1 073
Living cost
348
348
348
348
Free-cash
875
756
973
725

Estimated living cost  is £348 per week

£240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dresden , Germany
£775
£909
£1048
£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

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

-
-
-
2 150
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
health

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

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

-
-
-
62
income

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

-
-
-
727
trade
-
-
-
273
total
-
-
-
1 102
Employee

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

345
-
2 150
-
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
-
727
-
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
-
health

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

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

62
-
62
-
total
73
-
829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 805
2 150
-
-
trade
284
339
-
-
income
271
323
-
-
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.

15
18
-
-
total
574
684
-
-
Dividends
1 231
1 467
-
-
withholding
304
363
-
-
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
-
-
total
321
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
968
1 067
829
1 102
After tax
1 182
1 083
1 321
1 048
Living cost
273
273
273
273
Free-cash
909
810
1 048
775

Estimated living cost  is £273 per week

£172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Hamburg , Germany
£682
£845
£967
£718
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
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
health

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

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

-
-
-
62
income

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

-
-
-
727
trade
-
-
-
285
total
-
-
-
1 114
Employee

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

457
-
2 150
-
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
-
727
-
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
-
health

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

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

62
-
62
-
total
103
-
829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 693
2 150
-
-
trade
278
354
-
-
income
254
323
-
-
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
18
-
-
total
550
699
-
-
Dividends
1 143
1 452
-
-
withholding
282
359
-
-
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
-
-
total
298
379
-
-
Income
2 150
2 150
2 150
2 150
Total tax
951
1 078
829
1 114
After tax
1 199
1 072
1 321
1 036
Living cost
354
354
354
354
Free-cash
845
718
967
682

Estimated living cost  is £354 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
£611
£793
£908
£647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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
health

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

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

-
-
-
62
income

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

-
-
-
727
trade
-
-
-
297
total
-
-
-
1 126
Employee

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

542
-
2 150
-
income

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

64
-
727
-
surtax

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

4
-
40
-
health

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

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

62
-
62
-
total
130
-
829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 608
2 150
-
-
trade
276
369
-
-
income
241
323
-
-
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
18
-
-
total
534
714
-
-
Dividends
1 074
1 437
-
-
withholding
265
356
-
-
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
-
-
total
280
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
944
1 090
829
1 126
After tax
1 206
1 060
1 321
1 024
Living cost
413
413
413
413
Free-cash
793
647
908
611

Estimated living cost  is £413 per week

£302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Athens , Greece
£807
£1121
£752
£1149
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
surtax
-
-
-
119
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
693
other
-
-
-
-
total
-
-
-
1 140
Employee
304
-
1 897
-
unemployment
21
-
84
-
other
-
-
-
-
income
51
-
639
-
surtax
1
-
108
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
942
-
Employer
304
-
1 897
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
64
-
253
-
Corporate
1 782
2 150
-
-
income
463
559
-
-
total
463
559
-
-
Dividends
1 319
1 591
-
-
withholding
198
239
-
-
total
198
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
826
798
1 195
1 140
After tax
1 324
1 352
955
1 010
Living cost
203
203
203
203
Free-cash
1 121
1 149
752
807

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Thessaloniki , Greece
£811
£1124
£756
£1153
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
surtax
-
-
-
119
unemployment
-
-
-
2
health
-
-
-
85
pensions
-
-
-
241
income
-
-
-
693
other
-
-
-
-
total
-
-
-
1 140
Employee
298
-
1 897
-
unemployment
21
-
84
-
other
-
-
-
-
income
50
-
639
-
surtax
1
-
108
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
942
-
Employer
298
-
1 897
-
pensions
40
-
160
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
253
-
Corporate
1 789
2 150
-
-
income
465
559
-
-
total
465
559
-
-
Dividends
1 324
1 591
-
-
withholding
199
239
-
-
total
199
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
827
798
1 195
1 140
After tax
1 323
1 352
955
1 010
Living cost
199
199
199
199
Free-cash
1 124
1 153
756
811

Estimated living cost  is £199 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Budapest , Hungary
£1310
£1030
£1066
£1028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
unemployment
-
-
-
32
health
-
-
-
150
pensions
-
-
-
215
income
-
-
-
263
total
-
-
-
660
Employee

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

The minimum wage is 138,000 HUF per month.

260
104
1 799
-
unemployment
4
2
27
-
income
32
13
220
-
pensions
26
10
180
-
health
18
7
126
-
total
80
32
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.

260
104
1 799
-
pensions
51
20
351
-
total
51
20
351
-
Corporate
1 839
2 026
-
-
income
166
182
-
-
total
166
182
-
-
Dividends
1 673
1 844
-
-
withholding
318
350
-
-
social contributions
325
358
-
-
total
643
708
-
-
Income
2 150
2 150
2 150
2 150
Total tax
940
942
904
660
After tax
1 210
1 208
1 246
1 490
Living cost
180
180
180
180
Free-cash
1 030
1 028
1 066
1 310

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
£774
£900
£786
£907
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
national
-
-
-
420
pensions
-
-
-
258
social contributions
-
-
-
23
municipal
-
-
-
240
total
-
-
-
941
Employee
675
-
1 859
-
municipal
83
-
248
-
national
129
-
438
-
pensions
27
-
74
-
total
239
-
760
-
Employer
675
-
1 859
-
pensions
54
-
149
-
social contributions
7
-
20
-
total
61
-
169
-
Corporate
1 369
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
1 095
1 720
-
-
withholding
241
378
-
-
total
241
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
815
808
929
941
After tax
1 335
1 342
1 221
1 209
Living cost
435
435
435
435
Free-cash
900
907
786
774

Estimated living cost  is £435 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Dublin , Ireland
£553
£1010
£553
£991
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
-
-
-
372
income
-
-
-
711
total
-
-
-
1 083
Employee
705
-
2 150
-
social contributions
59
-
372
-
income
133
-
711
-
total
192
-
1 083
-
Employer
705
-
2 150
-
total
-
-
-
-
Corporate
1 445
2 150
-
-
income
181
269
-
-
total
181
269
-
-
Dividends
1 264
1 881
-
-
withholding
253
376
-
-
total
253
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
626
645
1 083
1 083
After tax
1 524
1 505
1 067
1 067
Living cost
514
514
514
514
Free-cash
1 010
991
553
553

Estimated living cost  is £514 per week

£391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Milan , Italy
£663
£719
£588
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
national
-
-
-
614
regional
-
-
-
28
social contributions
-
-
-
451
municipal
-
-
-
14
total
-
-
-
1 107
Employee
801
-
2 150
-
municipal
4
-
12
-
national
139
-
553
-
social contributions
270
-
592
-
regional
8
-
25
-
total
421
-
1 182
-
Employer
801
-
2 150
-
total
-
-
-
-
Corporate
1 349
2 150
-
-
nationa
324
516
-
-
municipal
53
84
-
-
total
377
600
-
-
Dividends
972
1 550
-
-
withholding
253
403
-
-
total
253
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 051
1 003
1 182
1 107
After tax
1 099
1 147
968
1 043
Living cost
380
380
380
380
Free-cash
719
767
588
663

Estimated living cost  is £380 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
£794
£866
£718
£887
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
national
-
-
-
614
regional
-
-
-
34
social contributions
-
-
-
451
municipal
-
-
-
14
total
-
-
-
1 113
Employee
500
-
2 150
-
municipal
3
-
12
-
national
79
-
553
-
social contributions
169
-
592
-
regional
7
-
32
-
total
258
-
1 189
-
Employer
500
-
2 150
-
total
-
-
-
-
Corporate
1 650
2 150
-
-
nationa
396
516
-
-
municipal
82
107
-
-
total
478
623
-
-
Dividends
1 172
1 527
-
-
withholding
305
397
-
-
total
305
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 041
1 020
1 189
1 113
After tax
1 109
1 130
961
1 037
Living cost
243
243
243
243
Free-cash
866
887
718
794

Estimated living cost  is £243 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.