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
£1468
£1858
£1532
£1888
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
-
-
-
132
total
-
-
-
660
Employee
290
-
2 078
-
social contributions
19
-
135
-
income
-
-
139
-
total
19
-
274
-
Employer
290
-
2 078
-
social contributions
45
-
322
-
total
45
-
322
-
Corporate
2 065
2 400
-
-
income
206
240
-
-
total
206
240
-
-
Dividends
1 858
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
270
240
596
660
After tax
2 130
2 160
1 804
1 740
Living cost
272
272
272
272
Free-cash
1 858
1 888
1 532
1 468

Estimated living cost  is £272 per week

£176
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
£937
£1028
£330
£1032
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
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
10
pensions
-
-
-
195
income
-
-
-
834
total
-
-
-
1 175
Employee
395
360
2 025
-
unemployment
12
11
32
-
other
4
4
11
-
income
35
27
717
-
pensions
40
37
108
-
health
15
14
41
-
total
106
93
909
-
Employer
395
360
2 025
-
pensions
50
45
132
-
surtax
-
-
-
-
payroll
12
11
61
-
other
19
17
88
-
health
15
14
40
-
accident
5
5
14
-
unemployment
12
11
32
-
chamber of commerce
2
1
8
-
total
115
104
375
-
Corporate
1 891
1 936
1 991
-
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.

473
484
498
-
total
473
484
498
-
Dividends
1 419
1 452
-
-
withholding
390
399
-
-
total
390
399
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 084
1 080
1 782
1 175
After tax
1 316
1 320
618
1 225
Living cost
288
288
288
288
Free-cash
1 028
1 032
330
937

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
£905
£987
£300
£1000
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
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
81
chamber of commerce
-
-
-
10
pensions
-
-
-
195
income
-
-
-
834
total
-
-
-
1 177
Employee
451
360
2 024
-
unemployment
14
11
32
-
other
5
4
11
-
income
51
27
716
-
pensions
46
37
108
-
health
17
14
41
-
total
133
93
908
-
Employer
451
360
2 024
-
pensions
57
45
132
-
surtax
2
2
2
-
payroll
14
11
61
-
other
21
17
88
-
health
17
14
40
-
accident
6
5
14
-
unemployment
14
11
32
-
chamber of commerce
2
1
8
-
total
133
106
377
-
Corporate
1 817
1 935
1 990
-
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.

454
484
497
-
total
454
484
497
-
Dividends
1 363
1 451
-
-
withholding
375
399
-
-
total
375
399
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 095
1 082
1 782
1 177
After tax
1 305
1 318
618
1 223
Living cost
318
318
318
318
Free-cash
987
1 000
300
905

Estimated living cost  is £318 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£717
£877
£472
£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
-
-
-
2 400
national
-
-
-
999
communal

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

-
-
-
130
social contributions
-
-
-
225
total
-
-
-
1 354
Employee

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

646
-
1 859
-
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
-
16
-
national
199
-
719
-
communal

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

34
-
97
-
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
-
139
-
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
-
87
-
total
317
-
1 058
-
Employer

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

646
-
1 859
-
surtax
73
-
211
-
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
-
165
-
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
-
114
-
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
-
total
187
-
541
-
Corporate
1 566
2 400
-
-
income
313
542
-
-
surtax
6
11
-
-
total
319
553
-
-
Dividends
1 246
1 847
-
-
withholding

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

371
551
-
-
total
371
551
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 194
1 104
1 599
1 354
After tax
1 206
1 296
801
1 046
Living cost
329
329
329
329
Free-cash
877
967
472
717

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
£1801
£1843
£1903
£1897
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
360
total
-
-
-
444
Employee
206
-
2 338
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
234
-
pensions

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

18
-
28
-
health
9
-
15
-
total
50
-
280
-
Employer
206
-
2 338
-
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
2 154
2 400
-
-
income
215
240
-
-
total
215
240
-
-
Dividends
1 938
2 160
-
-
withholding
97
108
-
-
total
97
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
402
348
342
444
After tax
1 998
2 052
2 058
1 956
Living cost
155
155
155
155
Free-cash
1 843
1 897
1 903
1 801

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
£1838
£1891
£1940
£1934
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
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
360
total
-
-
-
444
Employee
157
-
2 338
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
234
-
pensions

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

14
-
28
-
health
7
-
15
-
total
39
-
280
-
Employer
157
-
2 338
-
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
2 212
2 400
-
-
income
221
240
-
-
total
221
240
-
-
Dividends
1 991
2 160
-
-
withholding
100
108
-
-
total
100
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
391
348
342
444
After tax
2 009
2 052
2 058
1 956
Living cost
118
118
118
118
Free-cash
1 891
1 934
1 940
1 838

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
£1391
£1491
£1371
£1539
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
-
-
-
61
social contributions
-
-
-
146
income
-
-
-
593
total
-
-
-
800
Employee
695
695
2 280
-
income
76
64
583
-
social contributions
26
58
78
-
health
5
12
39
-
total
107
134
700
-
Employer
695
695
2 280
-
social contributions
26
58
78
-
health
6
13
42
-
total
32
71
120
-
Corporate
2 051
1 635
-
-
income
256
204
-
-
total
256
204
-
-
Dividends
1 795
1 430
-
-
withholding
305
243
-
-
total
305
243
-
-
Income
2 400
2 400
2 400
2 400
Total tax
700
652
820
800
After tax
1 700
1 748
1 580
1 600
Living cost
209
209
209
209
Free-cash
1 491
1 539
1 371
1 391

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
£1307
£1417
£1287
£1455
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
-
-
-
61
social contributions
-
-
-
146
income
-
-
-
593
total
-
-
-
800
Employee
695
695
2 280
-
income
73
64
583
-
social contributions
34
58
78
-
health
7
12
39
-
total
114
134
700
-
Employer
695
695
2 280
-
social contributions
34
58
78
-
health
8
13
42
-
total
42
71
120
-
Corporate
1 952
1 635
-
-
income
244
204
-
-
total
244
204
-
-
Dividends
1 708
1 430
-
-
withholding
290
243
-
-
total
290
243
-
-
Income
2 400
2 400
2 400
2 400
Total tax
690
652
820
800
After tax
1 710
1 748
1 580
1 600
Living cost
293
293
293
293
Free-cash
1 417
1 455
1 287
1 307

Estimated living cost  is £293 per week

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

Source of data for Limassol model

Close
Brno , Czech Republic
£1249
£1368
£1138
£1443
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
-
-
-
324
social contributions
-
-
-
300
income
-
-
-
266
solidarity contribution
-
-
-
52
total
-
-
-
942
Employee
307
-
1 966
-
income
37
-
245
-
social contributions
20
-
67
-
health
41
-
265
-
solidarity contribution
-
-
42
-
total
98
-
619
-
Employer
307
-
1 966
-
social contributions
77
-
257
-
health
28
-
177
-
total
105
-
434
-
Corporate
1 989
2 400
-
-
income
378
456
-
-
total
378
456
-
-
Dividends
1 611
1 944
-
-
withholding
242
292
-
-
total
242
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
823
748
1 053
942
After tax
1 577
1 652
1 347
1 458
Living cost
209
209
209
209
Free-cash
1 368
1 443
1 138
1 249

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
£1201
£1303
£1090
£1395
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
-
-
-
324
social contributions
-
-
-
300
income
-
-
-
266
solidarity contribution
-
-
-
52
total
-
-
-
942
Employee
378
-
1 966
-
income
45
-
245
-
social contributions
25
-
67
-
health
51
-
265
-
solidarity contribution
-
-
42
-
total
121
-
619
-
Employer
378
-
1 966
-
social contributions
95
-
257
-
health
34
-
177
-
total
129
-
434
-
Corporate
1 893
2 400
-
-
income
360
456
-
-
total
360
456
-
-
Dividends
1 534
1 944
-
-
withholding
230
292
-
-
total
230
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
840
748
1 053
942
After tax
1 560
1 652
1 347
1 458
Living cost
257
257
257
257
Free-cash
1 303
1 395
1 090
1 201

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
£933
£212
£427
£427
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
national
-
-
-
308
pensions
-
-
-
8
municipal
-
-
-
524
labour market
-
-
-
191
total
-
-
-
1 031
Employee
1 842
1 842
1 842
-
municipal
392
392
392
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
767
767
767
-
Employer
1 842
1 842
1 842
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
393
393
393
-
national
225
225
225
-
total
770
770
770
-
Corporate
426
-
-
-
income
94
-
-
-
total
94
-
-
-
Dividends
332
-
-
-
withholding
121
-
-
-
total
121
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 752
1 537
1 537
1 031
After tax
648
863
863
1 369
Living cost
436
436
436
436
Free-cash
212
427
427
933

Estimated living cost  is £436 per week

£299
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
£1068
£1647
£1165
£1702
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
256
-
1 794
-
unemployment
4
-
29
-
income
29
-
346
-
pensions
5
-
36
-
total
38
-
411
-
Employer
256
-
1 794
-
pensions
51
-
359
-
health
33
-
233
-
unemployment
2
-
14
-
total
86
-
606
-
Corporate
2 057
2 400
-
-
income
411
480
-
-
total
411
480
-
-
Dividends
1 646
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
535
480
1 017
1 114
After tax
1 865
1 920
1 383
1 286
Living cost
218
218
218
218
Free-cash
1 647
1 702
1 165
1 068

Estimated living cost  is £218 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
£1084
£1135
£809
£1093
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
national
-
-
-
510
health
-
-
-
33
municipal
-
-
-
426
total
-
-
-
969
Employee
475
-
2 019
-
unemployment
7
-
30
-
municipal
78
-
329
-
national
8
-
341
-
pensions
32
-
136
-
health
4
-
27
-
total
129
-
863
-
Employer
475
-
2 019
-
pensions
82
-
350
-
health
4
-
16
-
accident
-
-
2
-
unemployment
3
-
13
-
total
89
-
381
-
Corporate
1 835
2 400
-
-
income
367
480
-
-
total
367
480
-
-
Dividends

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

1 101
1 440
-
-
municipal
198
259
-
-
national
135
221
-
-
total
333
480
-
-
Income
2 400
2 400
2 400
2 400
Total tax
918
960
1 244
969
After tax
1 482
1 440
1 156
1 431
Living cost
347
347
347
347
Free-cash
1 135
1 093
809
1 084

Estimated living cost  is £347 per week

£227
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
£1004
£982
£911
£932
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
surtax
-
-
-
-
health
-
-
-
127
pensions
-
-
-
351
social contributions
-
-
-
68
income
-
-
-
498
other
-
-
-
74
total
-
-
-
1 118
Employee
345
-
1 815
-
income
18
-
431
-
surtax
-
-
-
-
social contributions
10
-
52
-
pensions
39
-
144
-
total
67
-
627
-
Employer
345
-
1 815
-
pensions
57
-
239
-
social contributions
1
-
5
-
other
12
-
78
-
health
24
-
189
-
unemployment
14
-
73
-
total
108
-
584
-
Corporate
1 947
2 400
-
-
income
545
672
-
-
surtax
-
-
-
-
total
545
672
-
-
Dividends
1 402
1 728
-
-
withholding
179
221
-
-
social contributions
241
297
-
-
surtax
-
-
-
-
total
420
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 140
1 190
1 211
1 118
After tax
1 260
1 210
1 189
1 282
Living cost
278
278
278
278
Free-cash
982
932
911
1 004

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
£973
£954
£880
£901
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
surtax
-
-
-
-
health
-
-
-
127
pensions
-
-
-
351
social contributions
-
-
-
68
income
-
-
-
498
other
-
-
-
74
total
-
-
-
1 118
Employee
387
-
1 815
-
income
23
-
431
-
surtax
-
-
-
-
social contributions
11
-
52
-
pensions
44
-
144
-
total
78
-
627
-
Employer
387
-
1 815
-
pensions
64
-
239
-
social contributions
1
-
5
-
other
13
-
78
-
health
27
-
189
-
unemployment
16
-
73
-
total
121
-
584
-
Corporate
1 893
2 400
-
-
income
530
672
-
-
surtax
-
-
-
-
total
530
672
-
-
Dividends
1 363
1 728
-
-
withholding
174
221
-
-
social contributions
234
297
-
-
surtax
-
-
-
-
total
408
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 137
1 190
1 211
1 118
After tax
1 263
1 210
1 189
1 282
Living cost
309
309
309
309
Free-cash
954
901
880
973

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
£846
£835
£753
£774
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
surtax
-
-
-
-
health
-
-
-
127
pensions
-
-
-
351
social contributions
-
-
-
68
income
-
-
-
498
other
-
-
-
74
total
-
-
-
1 118
Employee
566
-
1 815
-
income
49
-
431
-
surtax
-
-
-
-
social contributions
16
-
52
-
pensions
64
-
144
-
total
129
-
627
-
Employer
566
-
1 815
-
pensions
93
-
239
-
social contributions
2
-
5
-
other
20
-
78
-
health
40
-
189
-
unemployment
23
-
73
-
total
178
-
584
-
Corporate
1 657
2 400
-
-
income
464
672
-
-
surtax
-
-
-
-
total
464
672
-
-
Dividends
1 193
1 728
-
-
withholding
153
221
-
-
social contributions
205
297
-
-
surtax
-
-
-
-
total
358
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 129
1 190
1 211
1 118
After tax
1 271
1 210
1 189
1 282
Living cost
436
436
436
436
Free-cash
835
774
753
846

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
£2313
£2211
£1862
£2222
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.

-
-
-
29
total
-
-
-
29
Employee
73
-
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%.

2 327
2 400
-
-
total
-
-
-
-
Dividends
2 327
2 400
-
-
withholding
116
120
-
-
total
116
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
131
120
480
29
After tax
2 269
2 280
1 920
2 371
Living cost
58
58
58
58
Free-cash
2 211
2 222
1 862
2 313

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
£2280
£2172
£1829
£2189
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.

-
-
-
29
total
-
-
-
29
Employee
113
-
2 400
-
income
23
-
480
-
total
23
-
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%.

2 287
2 400
-
-
total
-
-
-
-
Dividends
2 287
2 400
-
-
withholding
114
120
-
-
total
114
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
137
120
480
29
After tax
2 263
2 280
1 920
2 371
Living cost
91
91
91
91
Free-cash
2 172
2 189
1 829
2 280

Estimated living cost  is £91 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Berlin , Germany
£827
£1003
£1111
£885
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
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
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.

-
-
-
832
trade
-
-
-
284
total
-
-
-
1 224
Employee

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

449
-
2 400
-
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
-
832
-
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
-
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
-
940
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 951
2 400
-
-
trade
280
344
-
-
income
293
360
-
-
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.

16
20
-
-
total
593
729
-
-
Dividends
1 358
1 671
-
-
withholding
336
414
-
-
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
23
-
-
total
354
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 048
1 166
940
1 224
After tax
1 352
1 234
1 460
1 176
Living cost
349
349
349
349
Free-cash
1 003
885
1 111
827

Estimated living cost  is £349 per week

£241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dresden , Germany
£874
£1034
£1186
£935
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
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
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.

-
-
-
832
trade
-
-
-
312
total
-
-
-
1 252
Employee

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

346
-
2 400
-
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
-
832
-
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
-
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
-
940
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 054
2 400
-
-
trade
324
378
-
-
income
308
360
-
-
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.

17
20
-
-
total
653
763
-
-
Dividends
1 401
1 637
-
-
withholding
347
406
-
-
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
-
-
total
366
428
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 092
1 191
940
1 252
After tax
1 308
1 209
1 460
1 148
Living cost
274
274
274
274
Free-cash
1 034
935
1 186
874

Estimated living cost  is £274 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
£779
£970
£1105
£841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
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
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.

-
-
-
832
trade
-
-
-
326
total
-
-
-
1 266
Employee

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

458
-
2 400
-
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
-
832
-
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
-
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
-
940
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 942
2 400
-
-
trade
319
395
-
-
income
291
360
-
-
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.

16
20
-
-
total
630
780
-
-
Dividends
1 311
1 621
-
-
withholding
324
402
-
-
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
-
-
total
342
424
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 075
1 204
940
1 266
After tax
1 325
1 196
1 460
1 134
Living cost
355
355
355
355
Free-cash
970
841
1 105
779

Estimated living cost  is £355 per week

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

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
£706
£916
£1046
£769
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
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
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.

-
-
-
832
trade
-
-
-
340
total
-
-
-
1 280
Employee

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

543
-
2 400
-
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
-
832
-
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
-
46
-
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
-
940
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 857
2 400
-
-
trade
318
412
-
-
income
279
360
-
-
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.

15
20
-
-
total
616
797
-
-
Dividends
1 241
1 604
-
-
withholding
307
398
-
-
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
-
-
total
324
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 070
1 217
940
1 280
After tax
1 330
1 183
1 460
1 120
Living cost
414
414
414
414
Free-cash
916
769
1 046
706

Estimated living cost  is £414 per week

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

Additional information

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

Source of data for Munich model

Close
Athens , Greece
£922
£1277
£867
£1307
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
surtax
-
-
-
141
unemployment
-
-
-
2
health
-
-
-
86
pensions
-
-
-
241
income
-
-
-
805
other
-
-
-
-
total
-
-
-
1 275
Employee
304
-
2 146
-
unemployment
21
-
84
-
other
-
-
-
-
income
51
-
751
-
surtax
1
-
130
-
pensions
20
-
80
-
health
8
-
31
-
total
101
-
1 076
-
Employer
304
-
2 146
-
pensions
41
-
161
-
other
-
-
-
-
health
14
-
55
-
unemployment
10
-
38
-
total
65
-
254
-
Corporate
2 032
2 400
-
-
income
528
624
-
-
total
528
624
-
-
Dividends
1 503
1 776
-
-
withholding
226
266
-
-
total
226
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
920
890
1 330
1 275
After tax
1 480
1 510
1 070
1 125
Living cost
203
203
203
203
Free-cash
1 277
1 307
867
922

Estimated living cost  is £203 per week

£123
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
£926
£1282
£871
£1311
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
surtax
-
-
-
141
unemployment
-
-
-
2
health
-
-
-
86
pensions
-
-
-
241
income
-
-
-
805
other
-
-
-
-
total
-
-
-
1 275
Employee
299
-
2 146
-
unemployment
21
-
84
-
other
-
-
-
-
income
50
-
751
-
surtax
1
-
130
-
pensions
20
-
80
-
health
8
-
31
-
total
100
-
1 076
-
Employer
299
-
2 146
-
pensions
40
-
161
-
other
-
-
-
-
health
14
-
55
-
unemployment
9
-
38
-
total
63
-
254
-
Corporate
2 038
2 400
-
-
income
530
624
-
-
total
530
624
-
-
Dividends
1 508
1 776
-
-
withholding
226
266
-
-
total
226
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
919
890
1 330
1 275
After tax
1 481
1 510
1 070
1 125
Living cost
199
199
199
199
Free-cash
1 282
1 311
871
926

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
£1483
£1171
£1210
£1166
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.

260
104
2 008
-
unemployment
4
2
30
-
income
32
13
246
-
pensions
26
10
201
-
health
18
7
141
-
total
80
32
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.

260
104
2 008
-
pensions
51
20
392
-
total
51
20
392
-
Corporate
2 089
2 276
-
-
income
188
205
-
-
total
188
205
-
-
Dividends
1 901
2 071
-
-
withholding
361
394
-
-
social contributions
369
403
-
-
total
730
797
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 049
1 054
1 010
737
After tax
1 351
1 346
1 390
1 663
Living cost
180
180
180
180
Free-cash
1 171
1 166
1 210
1 483

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
£897
£1054
£910
£1061
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
national
-
-
-
483
pensions
-
-
-
288
social contributions
-
-
-
26
municipal
-
-
-
269
total
-
-
-
1 066
Employee
678
-
2 075
-
municipal
84
-
278
-
national
130
-
504
-
pensions
27
-
83
-
total
241
-
865
-
Employer
678
-
2 075
-
pensions
54
-
166
-
social contributions
7
-
22
-
total
61
-
188
-
Corporate
1 616
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%.

323
480
-
-
total
323
480
-
-
Dividends
1 293
1 920
-
-
withholding
284
422
-
-
total
284
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
909
902
1 053
1 066
After tax
1 491
1 498
1 347
1 334
Living cost
437
437
437
437
Free-cash
1 054
1 061
910
897

Estimated living cost  is £437 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Dublin , Ireland
£655
£1185
£655
£1165
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
-
-
-
419
income
-
-
-
811
total
-
-
-
1 230
Employee
707
-
2 400
-
social contributions
59
-
419
-
income
133
-
811
-
total
192
-
1 230
-
Employer
707
-
2 400
-
total
-
-
-
-
Corporate
1 693
2 400
-
-
income
212
300
-
-
total
212
300
-
-
Dividends
1 482
2 100
-
-
withholding
296
420
-
-
total
296
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
700
720
1 230
1 230
After tax
1 700
1 680
1 170
1 170
Living cost
515
515
515
515
Free-cash
1 185
1 165
655
655

Estimated living cost  is £515 per week

£392
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
£799
£853
£722
£899
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
national
-
-
-
720
regional
-
-
-
32
social contributions
-
-
-
452
municipal
-
-
-
16
total
-
-
-
1 220
Employee
803
-
2 400
-
municipal
4
-
14
-
national
139
-
660
-
social contributions
271
-
593
-
regional
8
-
30
-
total
422
-
1 297
-
Employer
803
-
2 400
-
total
-
-
-
-
Corporate
1 597
2 400
-
-
nationa
383
576
-
-
municipal
62
94
-
-
total
445
670
-
-
Dividends
1 152
1 730
-
-
withholding
299
450
-
-
total
299
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 166
1 120
1 297
1 220
After tax
1 234
1 280
1 103
1 180
Living cost
381
381
381
381
Free-cash
853
899
722
799

Estimated living cost  is £381 per week

£266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
£929
£998
£853
£1019
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
national
-
-
-
720
regional
-
-
-
40
social contributions
-
-
-
452
municipal
-
-
-
16
total
-
-
-
1 228
Employee
501
-
2 400
-
municipal
3
-
14
-
national
79
-
660
-
social contributions
169
-
593
-
regional
7
-
37
-
total
258
-
1 304
-
Employer
501
-
2 400
-
total
-
-
-
-
Corporate
1 899
2 400
-
-
nationa
456
576
-
-
municipal
94
119
-
-
total
550
695
-
-
Dividends
1 349
1 705
-
-
withholding
351
443
-
-
total
351
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 159
1 138
1 304
1 228
After tax
1 241
1 262
1 096
1 172
Living cost
243
243
243
243
Free-cash
998
1 019
853
929

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 r