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
£ 400
per

Your estimated
City
free-cash

Andorra , Andorra
£103
£66
£55
£74
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
-
-
-
400
social contributions
-
-
-
88
income
-
-
-
-
total
-
-
-
88
Employee
275
-
346
-
social contributions
18
-
23
-
income
-
-
-
-
total
18
-
23
-
Employer
275
-
346
-
social contributions
43
-
54
-
total
43
-
54
-
Corporate
82
400
-
-
income
8
40
-
-
total
8
40
-
-
Dividends
74
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
69
40
77
88
After tax
331
360
323
312
Living cost
257
257
257
257
Free-cash
74
103
66
55

Estimated living cost  is £257 per week

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

Additional information

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

Graz , Austria
-£64
-£116
-£49
-£88
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
-
-
-
400
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
31
pensions
-
-
-
74
income
-
-
-
16
surtax
-
-
-
-
total
-
-
-
176
Employee
374
341
341
-
health
14
13
12
-
pensions
38
35
32
-
other
4
3
3
-
unemployment
11
10
9
-
income
33
25
27
-
total
100
86
83
-
Employer
374
341
341
-
pensions
47
43
39
-
accident
5
4
4
-
unemployment
11
10
9
-
surtax
-
-
-
-
payroll
11
10
10
-
chamber of commerce
1
1
1
-
health
14
13
12
-
other
18
16
16
-
total
107
97
91
-
Corporate
33
33
276
-
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.

8
8
69
-
total
8
8
69
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
215
191
243
176
After tax
185
209
157
224
Living cost
273
273
273
273
Free-cash
-88
-64
-116
-49

Estimated living cost  is £273 per week

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

Additional information

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

Vienna , Austria
-£95
-£146
-£80
-£163
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
-
-
-
400
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
31
pensions
-
-
-
74
income
-
-
-
16
surtax
-
-
-
2
total
-
-
-
178
Employee
428
341
341
-
health
17
13
12
-
pensions
44
35
31
-
other
4
3
3
-
unemployment
13
10
9
-
income
49
25
27
-
total
127
86
82
-
Employer
428
341
341
-
pensions
54
43
39
-
accident
6
4
4
-
unemployment
13
10
9
-
surtax
2
2
2
-
payroll
13
10
10
-
chamber of commerce
2
1
1
-
health
16
13
12
-
other
20
16
16
-
total
126
99
93
-
Corporate
33
33
275
-
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.

8
8
69
-
total
8
8
69
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
261
193
244
178
After tax
139
207
156
222
Living cost
302
302
302
302
Free-cash
-163
-95
-146
-80

Estimated living cost  is £302 per week

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

Additional information

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

Brussels , Belgium
-£86
-£134
-£85
-£390
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
-
-
-
400
social contributions
-
-
-
38
communal

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

-
-
-
22
national
-
-
-
113
total
-
-
-
173
Employee

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

613
-
310
-
health

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

29
-
15
-
pensions

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

46
-
23
-
communal

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

32
-
16
-
national
188
-
75
-
unemployment

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

5
-
3
-
total
300
-
132
-
Employer

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

613
-
310
-
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
-
4
-
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
-
5
-
surtax
69
-
35
-
health

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

38
-
19
-
pensions

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

54
-
27
-
total
178
-
90
-
Corporate
-
400
-
-
surtax
-
2
-
-
income
-
80
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
92
-
-
total
-
92
-
-
Income
400
400
400
400
Total tax
478
174
222
173
After tax
-78
226
178
227
Living cost
312
312
312
312
Free-cash
-390
-86
-134
-85

Estimated living cost  is £312 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£195
£117
£114
£144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
400
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
60
total
-
-
-
139
Employee
195
-
341
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
19
-
34
-
total
47
-
77
-
Employer
195
-
341
-
accident

We are using the highest rate at 1.1%.

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

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

21
-
33
-
total
37
-
59
-
Corporate
167
400
-
-
income
17
40
-
-
total
17
40
-
-
Dividends
150
360
-
-
withholding
8
18
-
-
total
8
18
-
-
Income
400
400
400
400
Total tax
109
58
136
139
After tax
291
342
264
261
Living cost
147
147
147
147
Free-cash
144
195
117
114

Estimated living cost  is £147 per week

£97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£230
£152
£149
£190
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
-
-
-
400
unemployment
-
-
-
1
health
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
60
total
-
-
-
139
Employee
148
-
341
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
34
-
total
37
-
77
-
Employer
148
-
341
-
accident

We are using the highest rate at 1.1%.

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

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

16
-
33
-
total
29
-
59
-
Corporate
222
400
-
-
income
22
40
-
-
total
22
40
-
-
Dividends
200
360
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
400
400
400
400
Total tax
98
58
136
139
After tax
302
342
264
261
Living cost
112
112
112
112
Free-cash
190
230
152
149

Estimated living cost  is £112 per week

£65
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
£8
£59
£128
£50
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
-
-
-
400
social contributions
-
-
-
62
health
-
-
-
10
income
-
-
-
2
total
-
-
-
74
Employee
659
659
659
-
health
5
11
6
-
social contributions
25
55
30
-
income
72
61
70
-
total
102
127
106
-
Employer
659
659
659
-
social contributions
25
55
30
-
health
6
12
7
-
total
31
67
37
-
Corporate
70
-
-
-
income
9
-
-
-
total
9
-
-
-
Dividends
61
-
-
-
withholding
10
-
-
-
total
10
-
-
-
Income
400
400
400
400
Total tax
152
194
143
74
After tax
248
206
257
326
Living cost
198
198
198
198
Free-cash
50
8
59
128

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-£72
-£21
£48
-£25
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
-
-
-
400
social contributions
-
-
-
62
health
-
-
-
10
income
-
-
-
2
total
-
-
-
74
Employee
659
659
659
-
health
7
11
6
-
social contributions
32
55
30
-
income
69
61
70
-
total
108
127
106
-
Employer
659
659
659
-
social contributions
32
55
30
-
health
7
12
7
-
total
39
67
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
147
194
143
74
After tax
253
206
257
326
Living cost
278
278
278
278
Free-cash
-25
-72
-21
48

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
£74
£2
-£6
£2
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
-
-
-
400
social contributions
-
-
-
117
health
-
-
-
54
solidarity contribution
-
-
-
-
income
-
-
-
34
total
-
-
-
205
Employee
296
-
299
-
health
40
-
40
-
social contributions
19
-
19
-
solidarity contribution
-
-
-
-
income
36
-
36
-
total
95
-
95
-
Employer
296
-
299
-
social contributions
74
-
75
-
health
27
-
27
-
total
101
-
102
-
Corporate
3
400
-
-
income
1
76
-
-
total
1
76
-
-
Dividends
3
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
197
125
197
205
After tax
203
275
203
195
Living cost
201
201
201
201
Free-cash
2
74
2
-6

Estimated living cost  is £201 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£27
-£45
-£53
-£89
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
-
-
-
400
social contributions
-
-
-
117
health
-
-
-
54
solidarity contribution
-
-
-
-
income
-
-
-
34
total
-
-
-
205
Employee
365
-
299
-
health
49
-
40
-
social contributions
24
-
19
-
solidarity contribution
-
-
-
-
income
44
-
36
-
total
117
-
95
-
Employer
365
-
299
-
social contributions
91
-
75
-
health
33
-
27
-
total
124
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
241
125
197
205
After tax
159
275
203
195
Living cost
248
248
248
248
Free-cash
-89
27
-45
-53

Estimated living cost  is £248 per week

£184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£1472
-£1472
-£147
-£1472
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
-
-
-
400
labour market
-
-
-
31
municipal
-
-
-
60
pensions
-
-
-
7
national
-
-
-
35
total
-
-
-
133
Employee
1 746
1 746
1 746
-
municipal
372
372
372
-
pensions
2
2
2
-
national
213
213
213
-
labour market
140
140
140
-
total
727
727
727
-
Employer
1 746
1 746
1 746
-
labour market
140
140
140
-
national
214
214
214
-
municipal
372
372
372
-
pensions
5
5
5
-
total
731
731
731
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
1 458
1 458
1 458
133
After tax
-1 058
-1 058
-1 058
267
Living cost
414
414
414
414
Free-cash
-1 472
-1 472
-1 472
-147

Estimated living cost  is £414 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
£113
£37
£23
£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
-
-
-
400
health
-
-
-
52
pensions
-
-
-
80
income
-
-
-
38
total
-
-
-
170
Employee
243
-
299
-
pensions
5
-
6
-
unemployment
4
-
5
-
income
27
-
44
-
total
36
-
55
-
Employer
243
-
299
-
pensions
49
-
60
-
unemployment
2
-
2
-
health
32
-
39
-
total
83
-
101
-
Corporate
75
400
-
-
income
15
80
-
-
total
15
80
-
-
Dividends
60
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
134
80
156
170
After tax
266
320
244
230
Living cost
207
207
207
207
Free-cash
59
113
37
23

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
-£52
-£78
-£11
-£134
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

-
-
-
400
health
-
-
-
3
municipal
-
-
-
72
national
-
-
-
7
total
-
-
-
82
Employee
451
-
336
-
health
3
-
2
-
municipal
74
-
55
-
pensions
30
-
23
-
national
7
-
1
-
unemployment
7
-
5
-
total
121
-
86
-
Employer
451
-
336
-
accident
-
-
-
-
unemployment
3
-
2
-
health
3
-
3
-
pensions
78
-
58
-
total
84
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
municipal
-
43
-
-
national
-
-
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
205
123
149
82
After tax
195
277
251
318
Living cost
329
329
329
329
Free-cash
-134
-52
-78
-11

Estimated living cost  is £329 per week

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

Additional information

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

Marseille , France
-£63
-£16
-£21
-£29
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
-
-
-
400
social contributions
-
-
-
11
health
-
-
-
3
pensions
-
-
-
118
other
-
-
-
12
income
-
-
-
13
surtax
-
-
-
-
total
-
-
-
157
Employee
327
-
305
-
income
17
-
14
-
social contributions
9
-
9
-
pensions
37
-
34
-
surtax
-
-
-
-
total
63
-
57
-
Employer
327
-
305
-
pensions
54
-
50
-
social contributions
1
-
1
-
unemployment
13
-
12
-
health
23
-
21
-
other
11
-
11
-
total
102
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
165
199
152
157
After tax
235
201
248
243
Living cost
264
264
264
264
Free-cash
-29
-63
-16
-21

Estimated living cost  is £264 per week

£153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-£92
-£45
-£50
-£81
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
-
-
-
400
social contributions
-
-
-
11
health
-
-
-
3
pensions
-
-
-
118
other
-
-
-
12
income
-
-
-
13
surtax
-
-
-
-
total
-
-
-
157
Employee
367
-
305
-
income
22
-
14
-
social contributions
10
-
9
-
pensions
41
-
34
-
surtax
-
-
-
-
total
73
-
57
-
Employer
367
-
305
-
pensions
60
-
50
-
social contributions
1
-
1
-
unemployment
15
-
12
-
health
26
-
21
-
other
13
-
11
-
total
115
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
188
199
152
157
After tax
212
201
248
243
Living cost
293
293
293
293
Free-cash
-81
-92
-45
-50

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-£213
-£166
-£171
-£306
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
-
-
-
400
social contributions
-
-
-
11
health
-
-
-
3
pensions
-
-
-
118
other
-
-
-
12
income
-
-
-
13
surtax
-
-
-
-
total
-
-
-
157
Employee
536
-
305
-
income
47
-
14
-
social contributions
15
-
9
-
pensions
61
-
34
-
surtax
-
-
-
-
total
123
-
57
-
Employer
536
-
305
-
pensions
88
-
50
-
social contributions
2
-
1
-
unemployment
22
-
12
-
health
38
-
21
-
other
19
-
11
-
total
169
-
95
-
Corporate
-
400
-
-
surtax
-
-
-
-
income
-
112
-
-
total
-
112
-
-
Dividends
-
288
-
-
surtax
-
-
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
292
199
152
157
After tax
108
201
248
243
Living cost
414
414
414
414
Free-cash
-306
-213
-166
-171

Estimated living cost  is £414 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£320
£260
£336
£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

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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
75
-
400
-
income
15
-
80
-
total
15
-
80
-
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%.

325
400
-
-
total
-
-
-
-
Dividends
325
400
-
-
withholding
16
20
-
-
total
16
20
-
-
Income
400
400
400
400
Total tax
31
20
80
4
After tax
369
380
320
396
Living cost
60
60
60
60
Free-cash
309
320
260
336

Estimated living cost  is £60 per week

£37
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£16
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
£286
£226
£302
£268
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
118
-
400
-
income
24
-
80
-
total
24
-
80
-
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%.

282
400
-
-
total
-
-
-
-
Dividends
282
400
-
-
withholding
14
20
-
-
total
14
20
-
-
Income
400
400
400
400
Total tax
38
20
80
4
After tax
362
380
320
396
Living cost
94
94
94
94
Free-cash
268
286
226
302

Estimated living cost  is £94 per week

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

Additional information

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

Berlin , Germany
-£123
-£20
-£20
-£27
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.

-
-
-
400
health

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

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

-
-
-
59
trade
-
-
-
-
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.

-
-
-
28
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
-
-
-
89
Employee

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

426
-
400
-
health

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

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

59
-
59
-
surtax

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

2
-
2
-
income

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

35
-
28
-
total
96
-
89
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
57
-
-
surtax

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

-
3
-
-
chamber of commerce
-
2
-
-
income
-
60
-
-
total
-
122
-
-
Dividends
-
277
-
-
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
-
-
withholding
-
66
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
96
192
89
89
After tax
304
208
311
311
Living cost
331
331
331
331
Free-cash
-27
-123
-20
-20

Estimated living cost  is £331 per week

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

Additional information

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

Dresden , Germany
-£56
£52
£52
£39
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.

-
-
-
400
health

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

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

-
-
-
59
trade
-
-
-
-
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.

-
-
-
28
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
-
-
-
89
Employee

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

328
-
400
-
health

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

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

59
-
59
-
surtax

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

1
-
2
-
income

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

9
-
28
-
total
69
-
89
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72
400
-
-
trade
11
63
-
-
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
3
-
-
chamber of commerce
1
2
-
-
income
11
60
-
-
total
24
128
-
-
Dividends
48
272
-
-
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
-
-
withholding
9
65
-
-
total
9
69
-
-
Income
400
400
400
400
Total tax
102
197
89
89
After tax
298
203
311
311
Living cost
259
259
259
259
Free-cash
39
-56
52
52

Estimated living cost  is £259 per week

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

Additional information

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

Hamburg , Germany
-£135
-£25
-£25
-£34
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.

-
-
-
400
health

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

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

-
-
-
59
trade
-
-
-
-
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.

-
-
-
28
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
-
-
-
89
Employee

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

434
-
400
-
health

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

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

59
-
59
-
surtax

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

2
-
2
-
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
-
28
-
total
98
-
89
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
66
-
-
surtax

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

-
3
-
-
chamber of commerce
-
2
-
-
income
-
60
-
-
total
-
131
-
-
Dividends
-
269
-
-
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
-
-
withholding
-
64
-
-
total
-
68
-
-
Income
400
400
400
400
Total tax
98
199
89
89
After tax
302
201
311
311
Living cost
336
336
336
336
Free-cash
-34
-135
-25
-25

Estimated living cost  is £336 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Munich , Germany
-£192
-£81
-£81
-£115
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.

-
-
-
400
health

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

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

-
-
-
59
trade
-
-
-
-
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.

-
-
-
28
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
-
-
-
89
Employee

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

515
-
400
-
health

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

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

59
-
59
-
surtax

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

3
-
2
-
income

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

61
-
28
-
total
123
-
89
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
69
-
-
surtax

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

-
3
-
-
chamber of commerce
-
2
-
-
income
-
60
-
-
total
-
134
-
-
Dividends
-
266
-
-
surtax

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

-
3
-
-
withholding
-
63
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
123
200
89
89
After tax
277
200
311
311
Living cost
392
392
392
392
Free-cash
-115
-192
-81
-81

Estimated living cost  is £392 per week

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

Additional information

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

Athens , Greece
£60
£29
£38
£34
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
-
-
-
400
unemployment
-
-
-
2
health
-
-
-
28
pensions
-
-
-
80
other
-
-
-
-
income
-
-
-
58
surtax
-
-
-
2
total
-
-
-
170
Employee
288
-
330
-
health
7
-
8
-
pensions
19
-
22
-
surtax
1
-
2
-
other
-
-
-
-
unemployment
20
-
23
-
income
48
-
55
-
total
95
-
110
-
Employer
288
-
330
-
pensions
38
-
44
-
unemployment
9
-
10
-
health
13
-
15
-
other
-
-
-
-
total
60
-
69
-
Corporate
51
400
-
-
income
13
104
-
-
total
13
104
-
-
Dividends
38
296
-
-
withholding
6
44
-
-
total
6
44
-
-
Income
400
400
400
400
Total tax
174
148
179
170
After tax
226
252
221
230
Living cost
192
192
192
192
Free-cash
34
60
29
38

Estimated living cost  is £192 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
£63
£32
£41
£36
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
-
-
-
400
unemployment
-
-
-
2
health
-
-
-
28
pensions
-
-
-
80
other
-
-
-
-
income
-
-
-
58
surtax
-
-
-
2
total
-
-
-
170
Employee
283
-
330
-
health
7
-
8
-
pensions
19
-
22
-
surtax
1
-
2
-
other
-
-
-
-
unemployment
20
-
23
-
income
47
-
55
-
total
94
-
110
-
Employer
283
-
330
-
pensions
38
-
44
-
unemployment
9
-
10
-
health
13
-
15
-
other
-
-
-
-
total
60
-
69
-
Corporate
57
400
-
-
income
15
104
-
-
total
15
104
-
-
Dividends
42
296
-
-
withholding
6
44
-
-
total
6
44
-
-
Income
400
400
400
400
Total tax
175
148
179
170
After tax
225
252
221
230
Living cost
189
189
189
189
Free-cash
36
63
32
41

Estimated living cost  is £189 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£57
£63
£107
£60
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
-
-
-
400
unemployment
-
-
-
6
health
-
-
-
28
pensions
-
-
-
40
income
-
-
-
49
total
-
-
-
123
Employee

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

The minimum wage is 138,000 HUF per month.

245
97
335
-
health
17
7
23
-
pensions
24
10
33
-
unemployment
4
1
5
-
income
30
12
41
-
total
75
30
102
-
Employer

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

The minimum wage is 138,000 HUF per month.

245
97
335
-
pensions
48
19
65
-
total
48
19
65
-
Corporate
108
284
-
-
income
10
26
-
-
total
10
26
-
-
Dividends
98
258
-
-
withholding
19
49
-
-
social contributions
18
49
-
-
total
37
98
-
-
Income
400
400
400
400
Total tax
170
173
167
123
After tax
230
227
233
277
Living cost
170
170
170
170
Free-cash
60
57
63
107

Estimated living cost  is £170 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-£184
-£176
-£178
-£334
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
-
-
-
400
social contributions
-
-
-
4
municipal
-
-
-
36
pensions
-
-
-
48
national
-
-
-
56
total
-
-
-
144
Employee
672
-
346
-
municipal
83
-
38
-
pensions
27
-
14
-
national
129
-
58
-
total
239
-
110
-
Employer
672
-
346
-
social contributions
7
-
4
-
pensions
54
-
28
-
total
61
-
32
-
Corporate
-
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%.

-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
300
150
142
144
After tax
100
250
258
256
Living cost
434
434
434
434
Free-cash
-334
-184
-176
-178

Estimated living cost  is £434 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-£208
-£167
-£167
-£270
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
-
-
-
400
social contributions
-
-
-
26
income
-
-
-
53
total
-
-
-
79
Employee
670
-
400
-
social contributions
56
-
26
-
income
126
-
53
-
total
182
-
79
-
Employer
670
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
182
120
79
79
After tax
218
280
321
321
Living cost
488
488
488
488
Free-cash
-270
-208
-167
-167

Estimated living cost  is £488 per week

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

Additional information

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

Milan , Italy
-£148
-£163
-£140
-£361
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
-
-
-
400
regional
-
-
-
4
social contributions
-
-
-
103
municipal
-
-
-
2
national
-
-
-
70
total
-
-
-
179
Employee
761
-
400
-
regional
7
-
3
-
municipal
4
-
2
-
social contributions
257
-
135
-
national
132
-
62
-
total
400
-
202
-
Employer
761
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
16
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
400
187
202
179
After tax
-
213
198
221
Living cost
361
361
361
361
Free-cash
-361
-148
-163
-140

Estimated living cost  is £361 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
-£21
-£35
-£12
-£75
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
-
-
-
400
regional
-
-
-
6
social contributions
-
-
-
103
municipal
-
-
-
2
national
-
-
-
70
total
-
-
-
181
Employee
475
-
400
-
regional
6
-
5
-
municipal
3
-
2
-
social contributions
160
-
135
-
national
75
-
62
-
total
244
-
204
-
Employer
475
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
20
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
244
190
204
181
After tax
156
210
196
219
Living cost
231
231
231
231
Free-cash
-75
-21
-35
-12

Estimated living cost  is £231 per week

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