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
£ 2400
per

Your estimated
City
free-cash

Andorra , Andorra
£1902
£1543
£1479
£1873
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
-
-
-
2 400
social contributions
-
-
-
528
income
-
-
-
135
total
-
-
-
663
Employee
276
-
2 078
-
social contributions
18
-
135
-
income
-
-
142
-
total
18
-
277
-
Employer
276
-
2 078
-
social contributions
43
-
322
-
total
43
-
322
-
Corporate
2 082
2 400
-
-
income
208
240
-
-
total
208
240
-
-
Dividends
1 873
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
269
240
599
663
After tax
2 131
2 160
1 801
1 737
Living cost
258
258
258
258
Free-cash
1 873
1 902
1 543
1 479

Estimated living cost  is £258 per week

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

Additional information

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

Source of data for Andorra model

Close
Graz , Austria
£1049
£342
£949
£1044
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
-
-
-
2 400
chamber of commerce
-
-
-
10
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
852
surtax
-
-
-
-
total
-
-
-
1 177
Employee
375
342
2 036
-
health
15
13
39
-
pensions
38
35
103
-
other
4
3
10
-
unemployment
11
10
30
-
income
33
25
737
-
total
101
86
919
-
Employer
375
342
2 036
-
pensions
47
43
126
-
accident
5
4
13
-
unemployment
11
10
30
-
surtax
-
-
-
-
payroll
11
10
61
-
chamber of commerce
1
1
8
-
health
14
13
38
-
other
18
16
88
-
total
107
97
364
-
Corporate
1 917
1 960
2 004
-
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.

479
490
501
-
total
479
490
501
-
Dividends
1 438
1 470
-
-
withholding
395
404
-
-
total
395
404
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 082
1 077
1 784
1 177
After tax
1 318
1 323
616
1 223
Living cost
274
274
274
274
Free-cash
1 044
1 049
342
949

Estimated living cost  is £274 per week

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

Additional information

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

Source of data for Graz model

Close
Vienna , Austria
£1019
£314
£919
£1002
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
-
-
-
2 400
chamber of commerce
-
-
-
10
unemployment
-
-
-
53
health
-
-
-
77
pensions
-
-
-
185
income
-
-
-
852
surtax
-
-
-
2
total
-
-
-
1 179
Employee
429
342
2 035
-
health
17
13
39
-
pensions
44
35
103
-
other
4
3
10
-
unemployment
13
10
30
-
income
49
25
736
-
total
127
86
918
-
Employer
429
342
2 035
-
pensions
54
43
126
-
accident
6
4
13
-
unemployment
13
10
30
-
surtax
2
2
2
-
payroll
13
10
61
-
chamber of commerce
2
1
8
-
health
16
13
38
-
other
20
16
88
-
total
126
99
366
-
Corporate
1 846
1 958
2 002
-
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.

462
490
500
-
total
462
490
500
-
Dividends
1 385
1 469
-
-
withholding
381
404
-
-
total
381
404
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 096
1 079
1 784
1 179
After tax
1 304
1 321
616
1 221
Living cost
302
302
302
302
Free-cash
1 002
1 019
314
919

Estimated living cost  is £302 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£977
£483
£733
£898
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
-
-
-
2 400
social contributions
-
-
-
214
communal

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

-
-
-
131
national
-
-
-
1 009
total
-
-
-
1 354
Employee

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

614
-
1 859
-
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
-
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.

46
-
139
-
communal

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

32
-
97
-
national
189
-
724
-
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
-
16
-
total
301
-
1 063
-
Employer

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

614
-
1 859
-
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
-
24
-
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
-
27
-
surtax
70
-
211
-
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
-
114
-
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
-
165
-
total
179
-
541
-
Corporate
1 608
2 400
-
-
surtax
6
11
-
-
income
322
550
-
-
total
328
561
-
-
Dividends
1 280
1 840
-
-
withholding

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

381
549
-
-
total
381
549
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 189
1 110
1 604
1 354
After tax
1 211
1 290
796
1 046
Living cost
313
313
313
313
Free-cash
898
977
483
733

Estimated living cost  is £313 per week

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

Source of data for Brussels model

Close
Sofia , Bulgaria
£1905
£1917
£1814
£1853
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
-
-
-
2 400
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
-
-
-
360
total
-
-
-
439
Employee
195
-
2 341
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
20
-
234
-
total
48
-
277
-
Employer
195
-
2 341
-
accident

We are using the highest rate at 1.1%.

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

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

22
-
33
-
total
38
-
59
-
Corporate
2 166
2 400
-
-
income
217
240
-
-
total
217
240
-
-
Dividends
1 950
2 160
-
-
withholding
97
108
-
-
total
97
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
400
348
336
439
After tax
2 000
2 052
2 064
1 961
Living cost
147
147
147
147
Free-cash
1 853
1 905
1 917
1 814

Estimated living cost  is £147 per week

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

Source of data for Sofia model

Close
Varna , Bulgaria
£1940
£1952
£1849
£1900
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
-
-
-
2 400
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
-
-
-
360
total
-
-
-
439
Employee
149
-
2 341
-
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
-
234
-
total
37
-
277
-
Employer
149
-
2 341
-
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
2 222
2 400
-
-
income
222
240
-
-
total
222
240
-
-
Dividends
2 000
2 160
-
-
withholding
100
108
-
-
total
100
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
388
348
336
439
After tax
2 012
2 052
2 064
1 961
Living cost
112
112
112
112
Free-cash
1 900
1 940
1 952
1 849

Estimated living cost  is £112 per week

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

Source of data for Varna model

Close
Larnaca , Cyprus
£1549
£1378
£1397
£1501
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
-
-
-
2 400
social contributions
-
-
-
139
health
-
-
-
61
income
-
-
-
604
total
-
-
-
804
Employee
660
660
2 284
-
health
5
11
39
-
social contributions
25
55
74
-
income
72
61
594
-
total
102
127
707
-
Employer
660
660
2 284
-
social contributions
25
55
74
-
health
6
12
42
-
total
31
67
116
-
Corporate
2 069
1 673
-
-
income
259
209
-
-
total
259
209
-
-
Dividends
1 810
1 464
-
-
withholding
308
249
-
-
total
308
249
-
-
Income
2 400
2 400
2 400
2 400
Total tax
700
652
823
804
After tax
1 700
1 748
1 577
1 596
Living cost
199
199
199
199
Free-cash
1 501
1 549
1 378
1 397

Estimated living cost  is £199 per week

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

Source of data for Larnaca model

Close
Limassol , Cyprus
£1470
£1299
£1318
£1434
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
-
-
-
2 400
social contributions
-
-
-
139
health
-
-
-
61
income
-
-
-
604
total
-
-
-
804
Employee
660
660
2 284
-
health
7
11
39
-
social contributions
32
55
74
-
income
69
61
594
-
total
108
127
707
-
Employer
660
660
2 284
-
social contributions
32
55
74
-
health
7
12
42
-
total
39
67
116
-
Corporate
1 975
1 673
-
-
income
247
209
-
-
total
247
209
-
-
Dividends
1 728
1 464
-
-
withholding
294
249
-
-
total
294
249
-
-
Income
2 400
2 400
2 400
2 400
Total tax
688
652
823
804
After tax
1 712
1 748
1 577
1 596
Living cost
278
278
278
278
Free-cash
1 434
1 470
1 299
1 318

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
£1450
£1149
£1261
£1379
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
-
-
-
2 400
social contributions
-
-
-
290
health
-
-
-
324
solidarity contribution
-
-
-
55
income
-
-
-
268
total
-
-
-
937
Employee
297
-
1 974
-
health
40
-
266
-
social contributions
19
-
65
-
solidarity contribution
-
-
45
-
income
36
-
246
-
total
95
-
622
-
Employer
297
-
1 974
-
social contributions
74
-
249
-
health
27
-
178
-
total
101
-
427
-
Corporate
2 002
2 400
-
-
income
380
456
-
-
total
380
456
-
-
Dividends
1 622
1 944
-
-
withholding
243
292
-
-
total
243
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
819
748
1 049
937
After tax
1 581
1 652
1 351
1 463
Living cost
202
202
202
202
Free-cash
1 379
1 450
1 149
1 261

Estimated living cost  is £202 per week

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

Source of data for Brno model

Close
Prague , Czech Republic
£1403
£1102
£1214
£1315
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
-
-
-
2 400
social contributions
-
-
-
290
health
-
-
-
324
solidarity contribution
-
-
-
55
income
-
-
-
268
total
-
-
-
937
Employee
366
-
1 974
-
health
49
-
266
-
social contributions
24
-
65
-
solidarity contribution
-
-
45
-
income
44
-
246
-
total
117
-
622
-
Employer
366
-
1 974
-
social contributions
91
-
249
-
health
33
-
178
-
total
124
-
427
-
Corporate
1 910
2 400
-
-
income
363
456
-
-
total
363
456
-
-
Dividends
1 547
1 944
-
-
withholding
232
292
-
-
total
232
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
836
748
1 049
937
After tax
1 564
1 652
1 351
1 463
Living cost
249
249
249
249
Free-cash
1 315
1 403
1 102
1 214

Estimated living cost  is £249 per week

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

Source of data for Prague model

Close
Copenhagen , Denmark
£526
£526
£951
£255
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
-
-
-
2 400
labour market
-
-
-
191
municipal
-
-
-
526
pensions
-
-
-
7
national
-
-
-
311
total
-
-
-
1 035
Employee
1 748
1 748
1 748
-
municipal
372
372
372
-
pensions
2
2
2
-
national
214
214
214
-
labour market
140
140
140
-
total
728
728
728
-
Employer
1 748
1 748
1 748
-
labour market
140
140
140
-
national
214
214
214
-
municipal
373
373
373
-
pensions
5
5
5
-
total
732
732
732
-
Corporate
526
-
-
-
income
116
-
-
-
total
116
-
-
-
Dividends
410
-
-
-
withholding
155
-
-
-
total
155
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 731
1 460
1 460
1 035
After tax
669
940
940
1 365
Living cost
414
414
414
414
Free-cash
255
526
526
951

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
£1713
£1176
£1079
£1659
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
-
-
-
2 400
health
-
-
-
312
pensions
-
-
-
480
income
-
-
-
322
total
-
-
-
1 114
Employee
243
-
1 794
-
pensions
5
-
36
-
unemployment
4
-
29
-
income
27
-
346
-
total
36
-
411
-
Employer
243
-
1 794
-
pensions
49
-
359
-
unemployment
2
-
14
-
health
32
-
233
-
total
83
-
606
-
Corporate
2 074
2 400
-
-
income
415
480
-
-
total
415
480
-
-
Dividends
1 660
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
534
480
1 017
1 114
After tax
1 866
1 920
1 383
1 286
Living cost
207
207
207
207
Free-cash
1 659
1 713
1 176
1 079

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
£1100
£815
£1090
£1148
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

-
-
-
2 400
health
-
-
-
33
municipal
-
-
-
426
national
-
-
-
522
total
-
-
-
981
Employee
451
-
2 019
-
health
3
-
28
-
municipal
74
-
328
-
pensions
30
-
136
-
national
7
-
353
-
unemployment
7
-
30
-
total
121
-
875
-
Employer
451
-
2 019
-
accident
-
-
2
-
unemployment
3
-
13
-
health
3
-
16
-
pensions
78
-
350
-
total
84
-
381
-
Corporate
1 864
2 400
-
-
income
373
480
-
-
total
373
480
-
-
Dividends

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

1 118
1 440
-
-
municipal
201
259
-
-
national
144
232
-
-
total
345
491
-
-
Income
2 400
2 400
2 400
2 400
Total tax
923
971
1 256
981
After tax
1 477
1 429
1 144
1 419
Living cost
329
329
329
329
Free-cash
1 148
1 100
815
1 090

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
£946
£908
£1010
£993
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
-
-
-
2 400
social contributions
-
-
-
68
health
-
-
-
129
pensions
-
-
-
343
other
-
-
-
74
income
-
-
-
512
surtax
-
-
-
-
total
-
-
-
1 126
Employee
328
-
1 810
-
income
17
-
441
-
social contributions
9
-
52
-
pensions
37
-
146
-
surtax
-
-
-
-
total
63
-
639
-
Employer
328
-
1 810
-
pensions
54
-
241
-
social contributions
1
-
5
-
unemployment
13
-
73
-
health
23
-
191
-
other
11
-
79
-
total
102
-
589
-
Corporate
1 970
2 400
-
-
surtax
-
-
-
-
income
552
672
-
-
total
552
672
-
-
Dividends
1 418
1 728
-
-
surtax
-
-
-
-
withholding
182
221
-
-
social contributions
244
297
-
-
total
426
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 143
1 190
1 228
1 126
After tax
1 257
1 210
1 172
1 274
Living cost
264
264
264
264
Free-cash
993
946
908
1 010

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
£917
£879
£981
£966
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
-
-
-
2 400
social contributions
-
-
-
68
health
-
-
-
129
pensions
-
-
-
343
other
-
-
-
74
income
-
-
-
512
surtax
-
-
-
-
total
-
-
-
1 126
Employee
367
-
1 810
-
income
22
-
441
-
social contributions
10
-
52
-
pensions
42
-
146
-
surtax
-
-
-
-
total
74
-
639
-
Employer
367
-
1 810
-
pensions
60
-
241
-
social contributions
1
-
5
-
unemployment
15
-
73
-
health
26
-
191
-
other
13
-
79
-
total
115
-
589
-
Corporate
1 918
2 400
-
-
surtax
-
-
-
-
income
537
672
-
-
total
537
672
-
-
Dividends
1 381
1 728
-
-
surtax
-
-
-
-
withholding
177
221
-
-
social contributions
238
297
-
-
total
415
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 141
1 190
1 228
1 126
After tax
1 259
1 210
1 172
1 274
Living cost
293
293
293
293
Free-cash
966
917
879
981

Estimated living cost  is £293 per week

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

Source of data for Nice model

Close
Paris , France
£796
£758
£860
£853
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
-
-
-
2 400
social contributions
-
-
-
68
health
-
-
-
129
pensions
-
-
-
343
other
-
-
-
74
income
-
-
-
512
surtax
-
-
-
-
total
-
-
-
1 126
Employee
537
-
1 810
-
income
47
-
441
-
social contributions
15
-
52
-
pensions
61
-
146
-
surtax
-
-
-
-
total
123
-
639
-
Employer
537
-
1 810
-
pensions
88
-
241
-
social contributions
2
-
5
-
unemployment
22
-
73
-
health
38
-
191
-
other
19
-
79
-
total
169
-
589
-
Corporate
1 695
2 400
-
-
surtax
-
-
-
-
income
475
672
-
-
total
475
672
-
-
Dividends
1 220
1 728
-
-
surtax
-
-
-
-
withholding
156
221
-
-
social contributions
210
297
-
-
total
366
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 133
1 190
1 228
1 126
After tax
1 267
1 210
1 172
1 274
Living cost
414
414
414
414
Free-cash
853
796
758
860

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
£2219
£1859
£2312
£2208
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%.

-
-
-
2 400
microenterprise

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

-
-
-
27
total
-
-
-
27
Employee
76
-
2 400
-
income
15
-
480
-
total
15
-
480
-
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%.

2 324
2 400
-
-
total
-
-
-
-
Dividends
2 324
2 400
-
-
withholding
116
120
-
-
total
116
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
131
120
480
27
After tax
2 269
2 280
1 920
2 373
Living cost
61
61
61
61
Free-cash
2 208
2 219
1 859
2 312

Estimated living cost  is £61 per week

£38
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£16
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Tbilisi , Georgia
£2186
£1826
£2279
£2168
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%.

-
-
-
2 400
microenterprise

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

-
-
-
27
total
-
-
-
27
Employee
118
-
2 400
-
income
24
-
480
-
total
24
-
480
-
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%.

2 282
2 400
-
-
total
-
-
-
-
Dividends
2 282
2 400
-
-
withholding
114
120
-
-
total
114
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
138
120
480
27
After tax
2 262
2 280
1 920
2 373
Living cost
94
94
94
94
Free-cash
2 168
2 186
1 826
2 279

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
£903
£1124
£837
£1015
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.

-
-
-
2 400
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
-
-
-
287
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.

-
-
-
840
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.

-
-
-
46
total
-
-
-
1 232
Employee

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

427
-
2 400
-
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
-
46
-
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
-
840
-
total
96
-
945
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 973
2 400
-
-
trade
283
344
-
-
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
-
-
chamber of commerce
4
5
-
-
income
296
360
-
-
total
599
729
-
-
Dividends
1 374
1 671
-
-
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.

19
23
-
-
withholding
340
414
-
-
total
359
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 054
1 166
945
1 232
After tax
1 346
1 234
1 455
1 168
Living cost
331
331
331
331
Free-cash
1 015
903
1 124
837

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
£949
£1195
£880
£1044
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.

-
-
-
2 400
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
-
-
-
315
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.

-
-
-
840
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.

-
-
-
46
total
-
-
-
1 260
Employee

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

328
-
2 400
-
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
-
46
-
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
-
840
-
total
69
-
945
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 072
2 400
-
-
trade
326
378
-
-
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
-
-
chamber of commerce
4
5
-
-
income
311
360
-
-
total
658
763
-
-
Dividends
1 413
1 637
-
-
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.

19
22
-
-
withholding
350
406
-
-
total
369
428
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 096
1 191
945
1 260
After tax
1 304
1 209
1 455
1 140
Living cost
260
260
260
260
Free-cash
1 044
949
1 195
880

Estimated living cost  is £260 per week

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

Additional information

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

Source of data for Dresden model

Close
Hamburg , Germany
£859
£1118
£789
£981
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.

-
-
-
2 400
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
-
-
-
329
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.

-
-
-
840
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.

-
-
-
46
total
-
-
-
1 274
Employee

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

435
-
2 400
-
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
-
46
-
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
-
840
-
total
98
-
945
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 965
2 400
-
-
trade
323
395
-
-
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
-
-
chamber of commerce
4
5
-
-
income
295
360
-
-
total
638
780
-
-
Dividends
1 327
1 621
-
-
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.

18
22
-
-
withholding
328
402
-
-
total
346
424
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 082
1 204
945
1 274
After tax
1 318
1 196
1 455
1 126
Living cost
337
337
337
337
Free-cash
981
859
1 118
789

Estimated living cost  is £337 per week

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

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
£790
£1062
£719
£929
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.

-
-
-
2 400
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
-
-
-
343
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.

-
-
-
840
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.

-
-
-
46
total
-
-
-
1 288
Employee

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

515
-
2 400
-
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
-
46
-
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
-
840
-
total
123
-
945
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 885
2 400
-
-
trade
323
412
-
-
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
-
-
chamber of commerce
4
5
-
-
income
283
360
-
-
total
626
797
-
-
Dividends
1 259
1 604
-
-
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
22
-
-
withholding
312
398
-
-
total
329
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 078
1 217
945
1 288
After tax
1 322
1 183
1 455
1 112
Living cost
393
393
393
393
Free-cash
929
790
1 062
719

Estimated living cost  is £393 per week

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

Additional information

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

Source of data for Munich model

Close
Athens , Greece
£1317
£878
£931
£1291
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
-
-
-
2 400
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
819
surtax
-
-
-
145
total
-
-
-
1 276
Employee
289
-
2 159
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
135
-
other
-
-
-
-
unemployment
20
-
80
-
income
48
-
768
-
total
95
-
1 088
-
Employer
289
-
2 159
-
pensions
38
-
153
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
241
-
Corporate
2 050
2 400
-
-
income
533
624
-
-
total
533
624
-
-
Dividends
1 517
1 776
-
-
withholding
228
266
-
-
total
228
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
916
890
1 329
1 276
After tax
1 484
1 510
1 071
1 124
Living cost
193
193
193
193
Free-cash
1 291
1 317
878
931

Estimated living cost  is £193 per week

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

Source of data for Athens model

Close
Thessaloniki , Greece
£1321
£882
£935
£1293
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
-
-
-
2 400
unemployment
-
-
-
2
health
-
-
-
81
pensions
-
-
-
229
other
-
-
-
-
income
-
-
-
819
surtax
-
-
-
145
total
-
-
-
1 276
Employee
284
-
2 159
-
health
7
-
29
-
pensions
19
-
76
-
surtax
1
-
135
-
other
-
-
-
-
unemployment
20
-
80
-
income
48
-
768
-
total
95
-
1 088
-
Employer
284
-
2 159
-
pensions
38
-
153
-
unemployment
9
-
36
-
health
13
-
52
-
other
-
-
-
-
total
60
-
241
-
Corporate
2 057
2 400
-
-
income
535
624
-
-
total
535
624
-
-
Dividends
1 522
1 776
-
-
withholding
228
266
-
-
total
228
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
918
890
1 329
1 276
After tax
1 482
1 510
1 071
1 124
Living cost
189
189
189
189
Free-cash
1 293
1 321
882
935

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
£1178
£1222
£1495
£1182
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
-
-
-
2 400
unemployment
-
-
-
36
health
-
-
-
168
pensions
-
-
-
240
income
-
-
-
293
total
-
-
-
737
Employee

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

The minimum wage is 138,000 HUF per month.

243
97
2 008
-
health
17
7
141
-
pensions
24
10
201
-
unemployment
4
1
30
-
income
30
12
246
-
total
75
30
618
-
Employer

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

The minimum wage is 138,000 HUF per month.

243
97
2 008
-
pensions
47
19
392
-
total
47
19
392
-
Corporate
2 110
2 284
-
-
income
190
206
-
-
total
190
206
-
-
Dividends
1 920
2 079
-
-
withholding
365
395
-
-
social contributions
373
404
-
-
total
738
799
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 050
1 054
1 010
737
After tax
1 350
1 346
1 390
1 663
Living cost
168
168
168
168
Free-cash
1 182
1 178
1 222
1 495

Estimated living cost  is £168 per week

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

Source of data for Budapest model

Close
Reykjavik , Iceland
£1065
£912
£900
£1057
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
-
-
-
2 400
social contributions
-
-
-
26
municipal
-
-
-
269
pensions
-
-
-
288
national
-
-
-
484
total
-
-
-
1 067
Employee
671
-
2 075
-
municipal
83
-
279
-
pensions
27
-
83
-
national
128
-
505
-
total
238
-
867
-
Employer
671
-
2 075
-
social contributions
7
-
22
-
pensions
54
-
166
-
total
61
-
188
-
Corporate
1 624
2 400
-
-
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%.

325
480
-
-
total
325
480
-
-
Dividends
1 299
1 920
-
-
withholding
286
422
-
-
total
286
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
910
902
1 055
1 067
After tax
1 490
1 498
1 345
1 333
Living cost
433
433
433
433
Free-cash
1 057
1 065
912
900

Estimated living cost  is £433 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Dublin , Ireland
£1191
£672
£672
£1209
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
-
-
-
2 400
social contributions
-
-
-
421
income
-
-
-
818
total
-
-
-
1 239
Employee
671
-
2 400
-
social contributions
56
-
421
-
income
127
-
818
-
total
183
-
1 239
-
Employer
671
-
2 400
-
total
-
-
-
-
Corporate
1 729
2 400
-
-
income
216
300
-
-
total
216
300
-
-
Dividends
1 513
2 100
-
-
withholding
303
420
-
-
total
303
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
702
720
1 239
1 239
After tax
1 698
1 680
1 161
1 161
Living cost
489
489
489
489
Free-cash
1 209
1 191
672
672

Estimated living cost  is £489 per week

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

Additional information

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

Source of data for Dublin model

Close
Milan , Italy
£918
£751
£824
£874
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
-
-
-
2 400
regional
-
-
-
33
social contributions
-
-
-
429
municipal
-
-
-
16
national
-
-
-
736
total
-
-
-
1 214
Employee
762
-
2 400
-
regional
7
-
30
-
municipal
4
-
15
-
social contributions
257
-
563
-
national
132
-
679
-
total
400
-
1 287
-
Employer
762
-
2 400
-
total
-
-
-
-
Corporate
1 638
2 400
-
-
nationa
393
576
-
-
municipal
64
94
-
-
total
457
670
-
-
Dividends
1 181
1 730
-
-
withholding
307
450
-
-
total
307
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 164
1 120
1 287
1 214
After tax
1 236
1 280
1 113
1 186
Living cost
362
362
362
362
Free-cash
874
918
751
824

Estimated living cost  is £362 per week

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

Source of data for Milan model

Close
Naples , Italy
£1031
£875
£948
£1012
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
-
-
-
2 400
regional
-
-
-
40
social contributions
-
-
-
429
municipal
-
-
-
16
national
-
-
-
736
total
-
-
-
1 221
Employee
476
-
2 400
-
regional
6
-
37
-
municipal
3
-
15
-
social contributions
160
-
563
-
national
75
-
679
-
total
244
-
1 294
-
Employer
476
-
2 400
-
total
-
-
-
-
Corporate
1 924
2 400
-
-
nationa
462
576
-
-
municipal
96
119
-
-
total
558
695
-
-
Dividends
1 367
1 705
-
-
withholding
355
443
-
-
total
355
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 157
1 138
1 294
1 221
After tax
1 243
1 262
1 106
1 179
Living cost
231
231
231
231
Free-cash
1 012
1 031
875
948

Estimated living cost  is £231 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinki