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
£ 250
per

Your estimated
City
free-cash

Andorra , Andorra
-£76
-£85
-£69
-£46
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
-
-
-
250
social contributions
-
-
-
55
income
-
-
-
-
total
-
-
-
55
Employee
290
-
216
-
social contributions
19
-
14
-
income
-
-
-
-
total
19
-
14
-
Employer
290
-
216
-
social contributions
45
-
34
-
total
45
-
34
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
64
25
48
55
After tax
186
225
202
195
Living cost
271
271
271
271
Free-cash
-85
-46
-69
-76

Estimated living cost  is £271 per week

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

Additional information

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

Graz , Austria
-£158
-£266
-£211
-£242
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
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
19
chamber of commerce
-
-
-
1
pensions
-
-
-
46
income
-
-
-
-
total
-
-
-
121
Employee
394
359
359
-
unemployment
12
11
6
-
other
4
4
2
-
income
35
26
36
-
pensions
40
37
19
-
health
15
14
7
-
total
106
92
70
-
Employer
394
359
359
-
pensions
49
45
23
-
surtax
-
-
-
-
payroll
12
11
11
-
other
19
17
16
-
health
15
14
7
-
accident
5
5
2
-
unemployment
12
11
6
-
chamber of commerce
2
1
1
-
total
114
104
66
-
Corporate
34
34
150
-
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.

9
9
38
-
total
9
9
38
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
229
205
174
121
After tax
21
45
76
129
Living cost
287
287
287
287
Free-cash
-266
-242
-211
-158

Estimated living cost  is £287 per week

£172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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.

Vienna , Austria
-£190
-£340
-£240
-£274
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
-
-
-
250
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
19
chamber of commerce
-
-
-
1
pensions
-
-
-
46
income
-
-
-
-
total
-
-
-
123
Employee
450
359
359
-
unemployment
14
11
5
-
other
4
4
2
-
income
51
26
36
-
pensions
46
37
19
-
health
17
14
7
-
total
132
92
69
-
Employer
450
359
359
-
pensions
56
45
23
-
surtax
2
2
2
-
payroll
14
11
11
-
other
21
17
16
-
health
17
14
7
-
accident
6
5
2
-
unemployment
14
11
5
-
chamber of commerce
2
1
1
-
total
132
106
67
-
Corporate
34
34
149
-
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.

9
9
37
-
total
9
9
37
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
273
207
173
123
After tax
-23
43
77
127
Living cost
317
317
317
317
Free-cash
-340
-274
-240
-190

Estimated living cost  is £317 per week

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

Additional information

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

Brussels , Belgium
-£161
-£581
-£213
-£185
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
-
-
-
250
national
-
-
-
64
communal

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

-
-
-
15
social contributions
-
-
-
4
total
-
-
-
83
Employee

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

644
-
194
-
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
-
2
-
national
198
-
42
-
communal

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

34
-
10
-
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
-
15
-
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
-
9
-
total
316
-
78
-
Employer

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

644
-
194
-
surtax
73
-
22
-
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
-
17
-
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
-
12
-
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
-
3
-
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
-
3
-
total
187
-
57
-
Corporate
-
250
-
-
income
-
50
-
-
surtax
-
1
-
-
total
-
51
-
-
Dividends
-
199
-
-
withholding

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

-
56
-
-
total
-
56
-
-
Income
250
250
250
250
Total tax
503
107
135
83
After tax
-253
143
115
167
Living cost
328
328
328
328
Free-cash
-581
-185
-213
-161

Estimated living cost  is £328 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
Sofia , Bulgaria
-£9
£5
£4
£59
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
pensions

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

-
-
-
37
income
-
-
-
37
total
-
-
-
104
Employee
205
-
209
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
income
21
-
21
-
pensions

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

18
-
18
-
health
9
-
10
-
total
50
-
51
-
Employer
205
-
209
-
pensions

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

23
-
23
-
health
14
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
unemployment
1
-
1
-
total
40
-
40
-
Corporate
4
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
4
225
-
-
withholding
-
11
-
-
total
-
11
-
-
Income
250
250
250
250
Total tax
90
36
91
104
After tax
160
214
159
146
Living cost
155
155
155
155
Free-cash
5
59
4
-9

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
Varna , Bulgaria
£28
£53
£41
£96
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
-
-
-
250
unemployment
-
-
-
1
health
-
-
-
29
pensions

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

-
-
-
37
income
-
-
-
37
total
-
-
-
104
Employee
157
-
209
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
income
16
-
21
-
pensions

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

14
-
18
-
health
7
-
10
-
total
39
-
51
-
Employer
157
-
209
-
pensions

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

17
-
23
-
health
11
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
unemployment
1
-
1
-
total
31
-
40
-
Corporate
63
250
-
-
income
6
25
-
-
total
6
25
-
-
Dividends
56
225
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
250
250
250
250
Total tax
79
36
91
104
After tax
171
214
159
146
Living cost
118
118
118
118
Free-cash
53
96
41
28

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
Larnaca , Cyprus
-£21
-£97
-£83
-£162
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
-
-
-
342
health
-
-
-
9
social contributions
-
-
-
53
income
-
-
-
-
total
-
-
-
62
Employee
693
693
693
-
income
75
64
78
-
social contributions
26
57
19
-
health
5
12
4
-
total
106
133
101
-
Employer
693
693
693
-
social contributions
26
57
19
-
health
6
13
4
-
total
32
70
23
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
138
203
124
62
After tax
112
47
126
188
Living cost
209
209
209
209
Free-cash
-97
-162
-83
-21

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Limassol , Cyprus
-£104
-£198
-£166
-£245
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
-
-
-
342
health
-
-
-
9
social contributions
-
-
-
53
income
-
-
-
-
total
-
-
-
62
Employee
693
693
693
-
income
73
64
78
-
social contributions
34
57
19
-
health
7
12
4
-
total
114
133
101
-
Employer
693
693
693
-
social contributions
34
57
19
-
health
8
13
4
-
total
42
70
23
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
156
203
124
62
After tax
94
47
126
188
Living cost
292
292
292
292
Free-cash
-198
-245
-166
-104

Estimated living cost  is £292 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
-£86
-£160
-£81
-£35
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
-
-
-
250
health
-
-
-
34
social contributions
-
-
-
73
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
306
-
187
-
income
37
-
22
-
social contributions
20
-
12
-
health
41
-
25
-
solidarity contribution
-
-
-
-
total
98
-
59
-
Employer
306
-
187
-
social contributions
76
-
47
-
health
28
-
17
-
total
104
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
202
77
123
128
After tax
48
173
127
122
Living cost
208
208
208
208
Free-cash
-160
-35
-81
-86

Estimated living cost  is £208 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
-£134
-£254
-£129
-£83
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
-
-
-
250
health
-
-
-
34
social contributions
-
-
-
73
income
-
-
-
21
solidarity contribution
-
-
-
-
total
-
-
-
128
Employee
377
-
187
-
income
45
-
22
-
social contributions
24
-
12
-
health
51
-
25
-
solidarity contribution
-
-
-
-
total
120
-
59
-
Employer
377
-
187
-
social contributions
94
-
47
-
health
34
-
17
-
total
128
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
248
77
123
128
After tax
2
173
127
122
Living cost
256
256
256
256
Free-cash
-254
-83
-129
-134

Estimated living cost  is £256 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£256
-£1719
-£1719
-£1719
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
-
-
-
250
national
-
-
-
17
pensions
-
-
-
8
municipal
-
-
-
27
labour market
-
-
-
19
total
-
-
-
71
Employee
1 836
1 836
1 836
-
municipal
391
391
391
-
national
224
224
224
-
pensions
3
3
3
-
labour market
147
147
147
-
total
765
765
765
-
Employer
1 836
1 836
1 836
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
392
392
392
-
national
225
225
225
-
total
769
769
769
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
1 534
1 534
1 534
71
After tax
-1 284
-1 284
-1 284
179
Living cost
435
435
435
435
Free-cash
-1 719
-1 719
-1 719
-256

Estimated living cost  is £435 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
-£63
-£92
-£53
-£18
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
-
-
-
250
health
-
-
-
32
pensions
-
-
-
50
income
-
-
-
13
total
-
-
-
95
Employee
256
-
187
-
unemployment
4
-
3
-
income
29
-
16
-
pensions
5
-
4
-
total
38
-
23
-
Employer
256
-
187
-
pensions
51
-
37
-
health
33
-
24
-
unemployment
2
-
1
-
total
86
-
62
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
124
50
85
95
After tax
126
200
165
155
Living cost
218
218
218
218
Free-cash
-92
-18
-53
-63

Estimated living cost  is £218 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
-£141
-£314
-£187
-£173
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

-
-
-
250
national
-
-
-
-
health
-
-
-
-
municipal
-
-
-
45
total
-
-
-
45
Employee
474
-
210
-
unemployment
7
-
3
-
municipal
78
-
35
-
national
8
-
-
-
pensions
32
-
14
-
health
4
-
-
-
total
129
-
52
-
Employer
474
-
210
-
pensions
82
-
36
-
health
4
-
2
-
accident
-
-
-
-
unemployment
3
-
1
-
total
89
-
39
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends

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

-
150
-
-
municipal
-
27
-
-
national
-
-
-
-
total
-
27
-
-
Income
250
250
250
250
Total tax
218
77
91
45
After tax
32
173
159
205
Living cost
346
346
346
346
Free-cash
-314
-173
-187
-141

Estimated living cost  is £346 per week

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

Additional information

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

Marseille , France
-£124
-£203
-£115
-£152
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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
2
pensions
-
-
-
79
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
96
Employee
344
-
191
-
income
18
-
-
-
surtax
-
-
-
-
social contributions
10
-
5
-
pensions
39
-
22
-
total
67
-
27
-
Employer
344
-
191
-
pensions
57
-
31
-
social contributions
1
-
1
-
other
12
-
7
-
health
24
-
13
-
unemployment
14
-
8
-
total
108
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
175
124
87
96
After tax
75
126
163
154
Living cost
278
278
278
278
Free-cash
-203
-152
-115
-124

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
Nice , France
-£154
-£256
-£145
-£182
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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
2
pensions
-
-
-
79
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
96
Employee
386
-
191
-
income
23
-
-
-
surtax
-
-
-
-
social contributions
11
-
5
-
pensions
44
-
22
-
total
78
-
27
-
Employer
386
-
191
-
pensions
63
-
31
-
social contributions
1
-
1
-
other
13
-
7
-
health
27
-
13
-
unemployment
16
-
8
-
total
120
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
198
124
87
96
After tax
52
126
163
154
Living cost
308
308
308
308
Free-cash
-256
-182
-145
-154

Estimated living cost  is £308 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Paris , France
-£281
-£490
-£272
-£309
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
-
-
-
250
surtax
-
-
-
-
health
-
-
-
2
pensions
-
-
-
79
social contributions
-
-
-
7
income
-
-
-
-
other
-
-
-
8
total
-
-
-
96
Employee
564
-
191
-
income
49
-
-
-
surtax
-
-
-
-
social contributions
16
-
5
-
pensions
64
-
22
-
total
129
-
27
-
Employer
564
-
191
-
pensions
93
-
31
-
social contributions
2
-
1
-
other
19
-
7
-
health
39
-
13
-
unemployment
23
-
8
-
total
176
-
60
-
Corporate
-
250
-
-
income
-
70
-
-
surtax
-
-
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
23
-
-
social contributions
-
31
-
-
surtax
-
-
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
305
124
87
96
After tax
-55
126
163
154
Living cost
435
435
435
435
Free-cash
-490
-309
-272
-281

Estimated living cost  is £435 per week

£294
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
Batumi , Georgia
£189
£168
£142
£180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
250
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
73
-
250
-
income
15
-
50
-
total
15
-
50
-
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%.

177
250
-
-
total
-
-
-
-
Dividends
177
250
-
-
withholding
9
12
-
-
total
9
12
-
-
Income
250
250
250
250
Total tax
24
12
50
3
After tax
226
238
200
247
Living cost
58
58
58
58
Free-cash
168
180
142
189

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.

Tbilisi , Georgia
£156
£129
£109
£147
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%.

-
-
-
250
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
114
-
250
-
income
23
-
50
-
total
23
-
50
-
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%.

136
250
-
-
total
-
-
-
-
Dividends
136
250
-
-
withholding
7
12
-
-
total
7
12
-
-
Income
250
250
250
250
Total tax
30
12
50
3
After tax
220
238
200
247
Living cost
91
91
91
91
Free-cash
129
147
109
156

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.
£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.

Berlin , Germany
-£165
-£199
-£165
-£218
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
5
trade
-
-
-
-
total
-
-
-
67
Employee

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

448
-
250
-
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
-
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.

2
-
-
-
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
-
67
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
36
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
78
-
-
Dividends
-
173
-
-
withholding
-
40
-
-
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
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
101
120
67
67
After tax
149
130
183
183
Living cost
348
348
348
348
Free-cash
-199
-218
-165
-165

Estimated living cost  is £348 per week

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

Additional information

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

Dresden , Germany
-£90
-£96
-£90
-£145
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
5
trade
-
-
-
-
total
-
-
-
67
Employee

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

345
-
250
-
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
-
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.

1
-
-
-
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
-
67
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
39
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
81
-
-
Dividends
-
169
-
-
withholding
-
39
-
-
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
-
-
total
-
41
-
-
Income
250
250
250
250
Total tax
73
122
67
67
After tax
177
128
183
183
Living cost
273
273
273
273
Free-cash
-96
-145
-90
-90

Estimated living cost  is £273 per week

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

Additional information

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

Hamburg , Germany
-£171
-£207
-£171
-£227
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
5
trade
-
-
-
-
total
-
-
-
67
Employee

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

457
-
250
-
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
-
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.

2
-
-
-
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
-
67
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
41
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
83
-
-
Dividends
-
168
-
-
withholding
-
38
-
-
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
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
103
123
67
67
After tax
147
127
183
183
Living cost
354
354
354
354
Free-cash
-207
-227
-171
-171

Estimated living cost  is £354 per week

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

Additional information

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

Munich , Germany
-£230
-£293
-£230
-£288
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.

-
-
-
250
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.

-
-
-
-
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.

-
-
-
5
trade
-
-
-
-
total
-
-
-
67
Employee

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

541
-
250
-
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
-
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.

4
-
-
-
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
-
67
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
trade
-
43
-
-
income
-
38
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
85
-
-
Dividends
-
166
-
-
withholding
-
38
-
-
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
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
130
125
67
67
After tax
120
125
183
183
Living cost
413
413
413
413
Free-cash
-293
-288
-230
-230

Estimated living cost  is £413 per week

£301
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.

Athens , Greece
-£58
-£117
-£64
-£45
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
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
pensions
-
-
-
50
income
-
-
-
36
other
-
-
-
-
total
-
-
-
106
Employee
303
-
207
-
unemployment
21
-
14
-
other
-
-
-
-
income
51
-
35
-
surtax
1
-
-
-
pensions
20
-
14
-
health
8
-
5
-
total
101
-
68
-
Employer
303
-
207
-
pensions
40
-
28
-
other
-
-
-
-
health
14
-
9
-
unemployment
10
-
7
-
total
64
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
165
93
112
106
After tax
85
157
138
144
Living cost
202
202
202
202
Free-cash
-117
-45
-64
-58

Estimated living cost  is £202 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
-£55
-£112
-£61
-£42
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
-
-
-
250
surtax
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
pensions
-
-
-
50
income
-
-
-
36
other
-
-
-
-
total
-
-
-
106
Employee
298
-
207
-
unemployment
21
-
14
-
other
-
-
-
-
income
50
-
35
-
surtax
1
-
-
-
pensions
20
-
14
-
health
8
-
5
-
total
100
-
68
-
Employer
298
-
207
-
pensions
40
-
28
-
other
-
-
-
-
health
14
-
9
-
unemployment
9
-
7
-
total
63
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
163
93
112
106
After tax
87
157
138
144
Living cost
199
199
199
199
Free-cash
-112
-42
-61
-55

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
Budapest , Hungary
-£7
-£59
-£35
-£35
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
-
-
-
250
unemployment
-
-
-
4
health
-
-
-
18
pensions
-
-
-
25
income
-
-
-
31
total
-
-
-
78
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.

258
103
209
-
unemployment
4
2
3
-
income
32
13
26
-
pensions
26
10
21
-
health
18
7
15
-
total
80
32
65
-
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.

258
103
209
-
pensions
50
20
41
-
total
50
20
41
-
Corporate
-
127
-
-
income
-
11
-
-
total
-
11
-
-
Dividends
-
116
-
-
withholding
-
22
-
-
social contributions
-
21
-
-
total
-
43
-
-
Income
250
250
250
250
Total tax
130
106
106
78
After tax
120
144
144
172
Living cost
179
179
179
179
Free-cash
-59
-35
-35
-7

Estimated living cost  is £179 per week

£122
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
Reykjavik , Iceland
-£266
-£487
-£263
-£280
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
-
-
-
250
national
-
-
-
29
pensions
-
-
-
30
social contributions
-
-
-
3
municipal
-
-
-
18
total
-
-
-
80
Employee
676
-
216
-
municipal
84
-
19
-
national
129
-
30
-
pensions
27
-
9
-
total
240
-
58
-
Employer
676
-
216
-
pensions
54
-
17
-
social contributions
7
-
2
-
total
61
-
19
-
Corporate
-
250
-
-
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%.

-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
301
94
77
80
After tax
-51
156
173
170
Living cost
436
436
436
436
Free-cash
-487
-280
-263
-266

Estimated living cost  is £436 per week

£296
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.

Dublin , Ireland
-£292
-£455
-£292
-£338
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
-
-
-
250
social contributions
-
-
-
7
income
-
-
-
22
total
-
-
-
29
Employee
705
-
250
-
social contributions
59
-
7
-
income
133
-
22
-
total
192
-
29
-
Employer
705
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income
-
31
-
-
total
-
31
-
-
Dividends
-
219
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
192
75
29
29
After tax
58
175
221
221
Living cost
513
513
513
513
Free-cash
-455
-338
-292
-292

Estimated living cost  is £513 per week

£390
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.

Milan , Italy
-£244
-£551
-£261
-£247
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
-
-
-
250
national
-
-
-
41
regional
-
-
-
2
social contributions
-
-
-
70
municipal
-
-
-
1
total
-
-
-
114
Employee
801
-
250
-
municipal
4
-
1
-
national
139
-
36
-
social contributions
270
-
92
-
regional
8
-
2
-
total
421
-
131
-
Employer
801
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
10
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
47
-
-
total
-
47
-
-
Income
250
250
250
250
Total tax
421
117
131
114
After tax
-171
133
119
136
Living cost
380
380
380
380
Free-cash
-551
-247
-261
-244

Estimated living cost  is £380 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
-£109
-£251
-£125
-£111
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
-
-
-
250
national
-
-
-
41
regional
-
-
-
4
social contributions
-
-
-
70
municipal
-
-
-
1
total
-
-
-
116
Employee
500
-
250
-
municipal
3
-
1
-
national
79
-
36
-
social contributions
169
-
92
-
regional
7
-
3
-
total
258
-
132
-
Employer
500
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
258
118
132
116
After tax
-8
132
118
134
Living cost
243
243
243
243
Free-cash
-251
-111
-125
-109

Estimated living cost  is £243 per week

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