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
£ 500
per

Your estimated
City
free-cash

Andorra , Andorra
£119
£148
£134
£179
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
-
-
-
500
social contributions
-
-
-
110
income
-
-
-
-
total
-
-
-
110
Employee
290
-
433
-
social contributions
19
-
28
-
income
-
-
-
-
total
19
-
28
-
Employer
290
-
433
-
social contributions
45
-
67
-
total
45
-
67
-
Corporate
165
500
-
-
income
17
50
-
-
total
17
50
-
-
Dividends
149
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
81
50
95
110
After tax
419
450
405
390
Living cost
271
271
271
271
Free-cash
148
179
134
119

Estimated living cost  is £271 per week

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

Additional information

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

Source of data for Andorra model

Close
Graz , Austria
-£7
-£16
-£94
£0
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
-
-
-
500
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
38
chamber of commerce
-
-
-
2
pensions
-
-
-
93
income
-
-
-
32
total
-
-
-
220
Employee
394
359
388
-
unemployment
12
11
12
-
other
4
4
4
-
income
35
26
34
-
pensions
40
37
40
-
health
15
14
15
-
total
106
92
105
-
Employer
394
359
388
-
pensions
49
45
49
-
surtax
-
-
-
-
payroll
12
11
12
-
other
19
17
18
-
health
15
14
15
-
accident
5
5
5
-
unemployment
12
11
12
-
chamber of commerce
2
1
2
-
total
114
104
113
-
Corporate
34
38
354
-
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
89
-
total
9
9
89
-
Dividends
-
28
-
-
withholding
-
8
-
-
total
-
8
-
-
Income
500
500
500
500
Total tax
229
213
307
220
After tax
271
287
193
280
Living cost
287
287
287
287
Free-cash
-16
-
-94
-7

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.

Source of data for Graz model

Close
Vienna , Austria
-£39
-£90
-£124
-£31
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
-
-
-
500
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
38
chamber of commerce
-
-
-
2
pensions
-
-
-
93
income
-
-
-
32
total
-
-
-
222
Employee
450
359
387
-
unemployment
14
11
12
-
other
4
4
4
-
income
51
26
33
-
pensions
46
37
40
-
health
17
14
15
-
total
132
92
104
-
Employer
450
359
387
-
pensions
56
45
49
-
surtax
2
2
2
-
payroll
14
11
12
-
other
21
17
18
-
health
17
14
15
-
accident
6
5
5
-
unemployment
14
11
12
-
chamber of commerce
2
1
2
-
total
132
106
115
-
Corporate
34
36
353
-
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
88
-
total
9
9
88
-
Dividends
-
27
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
500
500
500
500
Total tax
273
214
307
222
After tax
227
286
193
278
Living cost
317
317
317
317
Free-cash
-90
-31
-124
-39

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.

Source of data for Vienna model

Close
Brussels , Belgium
-£57
-£331
-£112
-£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
-
-
-
500
national
-
-
-
146
communal

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

-
-
-
27
social contributions
-
-
-
56
total
-
-
-
229
Employee

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

644
-
387
-
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
-
3
-
national
198
-
101
-
communal

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

34
-
20
-
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
-
29
-
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
-
18
-
total
316
-
171
-
Employer

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

644
-
387
-
surtax
73
-
44
-
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
-
34
-
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
-
24
-
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
-
5
-
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
-
6
-
total
187
-
113
-
Corporate
-
500
-
-
income
-
100
-
-
surtax
-
2
-
-
total
-
102
-
-
Dividends
-
398
-
-
withholding

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

-
116
-
-
total
-
116
-
-
Income
500
500
500
500
Total tax
503
218
284
229
After tax
-3
282
216
271
Living cost
328
328
328
328
Free-cash
-331
-46
-112
-57

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

Source of data for Brussels model

Close
Sofia , Bulgaria
£186
£219
£194
£273
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
-
-
-
500
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
75
total
-
-
-
159
Employee
205
-
438
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
44
-
pensions

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

18
-
28
-
health
9
-
14
-
total
50
-
89
-
Employer
205
-
438
-
pensions

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

23
-
35
-
health
14
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
40
-
62
-
Corporate
255
500
-
-
income
25
50
-
-
total
25
50
-
-
Dividends
229
450
-
-
withholding
11
22
-
-
total
11
22
-
-
Income
500
500
500
500
Total tax
126
72
151
159
After tax
374
428
349
341
Living cost
155
155
155
155
Free-cash
219
273
194
186

Estimated living cost  is £155 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
£223
£267
£231
£310
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
-
-
-
500
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
75
total
-
-
-
159
Employee
156
-
438
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
44
-
pensions

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

14
-
28
-
health
7
-
14
-
total
39
-
89
-
Employer
156
-
438
-
pensions

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

17
-
35
-
health
11
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
313
500
-
-
income
31
50
-
-
total
31
50
-
-
Dividends
282
450
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
500
500
500
500
Total tax
115
72
151
159
After tax
385
428
349
341
Living cost
118
118
118
118
Free-cash
267
310
231
223

Estimated living cost  is £118 per week

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

Source of data for Varna model

Close
Larnaca , Cyprus
£185
£111
£128
£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
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
15
total
-
-
-
106
Employee
693
693
693
-
income
75
64
71
-
social contributions
26
57
38
-
health
5
12
8
-
total
106
133
117
-
Employer
693
693
693
-
social contributions
26
57
38
-
health
6
13
8
-
total
32
70
46
-
Corporate
152
-
-
-
income
19
-
-
-
total
19
-
-
-
Dividends
133
-
-
-
withholding
23
-
-
-
total
23
-
-
-
Income
500
500
500
500
Total tax
180
203
163
106
After tax
320
297
337
394
Living cost
209
209
209
209
Free-cash
111
88
128
185

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

Source of data for Larnaca model

Close
Limassol , Cyprus
£102
£37
£45
£5
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
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
15
total
-
-
-
106
Employee
693
693
693
-
income
73
64
71
-
social contributions
34
57
38
-
health
7
12
8
-
total
114
133
117
-
Employer
693
693
693
-
social contributions
34
57
38
-
health
8
13
8
-
total
42
70
46
-
Corporate
53
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
47
-
-
-
withholding
8
-
-
-
total
8
-
-
-
Income
500
500
500
500
Total tax
171
203
163
106
After tax
329
297
337
394
Living cost
292
292
292
292
Free-cash
37
5
45
102

Estimated living cost  is £292 per week

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

Source of data for Limassol model

Close
Brno , Czech Republic
£36
£62
£46
£136
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
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
306
-
373
-
income
37
-
45
-
social contributions
20
-
24
-
health
41
-
50
-
solidarity contribution
-
-
-
-
total
98
-
119
-
Employer
306
-
373
-
social contributions
76
-
93
-
health
28
-
34
-
total
104
-
127
-
Corporate
90
500
-
-
income
17
95
-
-
total
17
95
-
-
Dividends
73
405
-
-
withholding
11
61
-
-
total
11
61
-
-
Income
500
500
500
500
Total tax
230
156
246
256
After tax
270
344
254
244
Living cost
208
208
208
208
Free-cash
62
136
46
36

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

Source of data for Brno model

Close
Prague , Czech Republic
-£12
-£4
-£2
£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
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
377
-
373
-
income
45
-
45
-
social contributions
24
-
24
-
health
51
-
50
-
solidarity contribution
-
-
-
-
total
120
-
119
-
Employer
377
-
373
-
social contributions
94
-
93
-
health
34
-
34
-
total
128
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
248
156
246
256
After tax
252
344
254
244
Living cost
256
256
256
256
Free-cash
-4
88
-2
-12

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

Source of data for Prague model

Close
Copenhagen , Denmark
-£109
-£1469
-£1469
-£1469
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
-
-
-
500
national
-
-
-
47
pensions
-
-
-
8
municipal
-
-
-
80
labour market
-
-
-
39
total
-
-
-
174
Employee
1 837
1 837
1 837
-
municipal
391
391
391
-
national
224
224
224
-
pensions
3
3
3
-
labour market
147
147
147
-
total
765
765
765
-
Employer
1 837
1 837
1 837
-
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
500
500
500
500
Total tax
1 534
1 534
1 534
174
After tax
-1 034
-1 034
-1 034
326
Living cost
435
435
435
435
Free-cash
-1 469
-1 469
-1 469
-109

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

Source of data for Copenhagen model

Close
Tallinn , Estonia
£61
£126
£78
£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
-
-
-
500
health
-
-
-
65
pensions
-
-
-
100
income
-
-
-
56
total
-
-
-
221
Employee
256
-
374
-
unemployment
4
-
6
-
income
29
-
64
-
pensions
5
-
7
-
total
38
-
77
-
Employer
256
-
374
-
pensions
51
-
75
-
health
33
-
49
-
unemployment
2
-
3
-
total
86
-
127
-
Corporate
158
500
-
-
income
32
100
-
-
total
32
100
-
-
Dividends
126
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
156
100
204
221
After tax
344
400
296
279
Living cost
218
218
218
218
Free-cash
126
182
78
61

Estimated living cost  is £218 per week

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

Source of data for Tallinn model

Close
Helsinki , Finland
£44
-£64
-£36
£0
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

-
-
-
500
national
-
-
-
17
health
-
-
-
4
municipal
-
-
-
89
total
-
-
-
110
Employee
474
-
421
-
unemployment
7
-
6
-
municipal
78
-
69
-
national
8
-
5
-
pensions
32
-
28
-
health
4
-
3
-
total
129
-
111
-
Employer
474
-
421
-
pensions
82
-
73
-
health
4
-
3
-
accident
-
-
-
-
unemployment
3
-
3
-
total
89
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
municipal
-
54
-
-
national
-
-
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
218
154
190
110
After tax
282
346
310
390
Living cost
346
346
346
346
Free-cash
-64
-
-36
44

Estimated living cost  is £346 per week

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

Additional information

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

Source of data for Helsinki model

Close
Marseille , France
£22
£23
£27
-£26
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
144
social contributions
-
-
-
14
income
-
-
-
22
other
-
-
-
16
total
-
-
-
200
Employee
344
-
381
-
income
18
-
22
-
surtax
-
-
-
-
social contributions
10
-
11
-
pensions
39
-
43
-
total
67
-
76
-
Employer
344
-
381
-
pensions
57
-
63
-
social contributions
1
-
1
-
other
12
-
13
-
health
24
-
27
-
unemployment
14
-
15
-
total
108
-
119
-
Corporate
48
500
-
-
income
14
140
-
-
surtax
-
-
-
-
total
14
140
-
-
Dividends
35
360
-
-
withholding
4
46
-
-
social contributions
6
62
-
-
surtax
-
-
-
-
total
10
108
-
-
Income
500
500
500
500
Total tax
199
248
195
200
After tax
301
252
305
300
Living cost
278
278
278
278
Free-cash
23
-26
27
22

Estimated living cost  is £278 per week

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

Source of data for Marseille model

Close
Nice , France
-£8
-£6
-£3
-£56
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
144
social contributions
-
-
-
14
income
-
-
-
22
other
-
-
-
16
total
-
-
-
200
Employee
386
-
381
-
income
23
-
22
-
surtax
-
-
-
-
social contributions
11
-
11
-
pensions
44
-
43
-
total
78
-
76
-
Employer
386
-
381
-
pensions
63
-
63
-
social contributions
1
-
1
-
other
13
-
13
-
health
27
-
27
-
unemployment
16
-
15
-
total
120
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
198
248
195
200
After tax
302
252
305
300
Living cost
308
308
308
308
Free-cash
-6
-56
-3
-8

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

Source of data for Nice model

Close
Paris , France
-£135
-£240
-£130
-£183
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
144
social contributions
-
-
-
14
income
-
-
-
22
other
-
-
-
16
total
-
-
-
200
Employee
564
-
381
-
income
49
-
22
-
surtax
-
-
-
-
social contributions
16
-
11
-
pensions
64
-
43
-
total
129
-
76
-
Employer
564
-
381
-
pensions
93
-
63
-
social contributions
2
-
1
-
other
19
-
13
-
health
39
-
27
-
unemployment
23
-
15
-
total
176
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
305
248
195
200
After tax
195
252
305
300
Living cost
435
435
435
435
Free-cash
-240
-183
-130
-135

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

Source of data for Paris model

Close
Batumi , Georgia
£437
£406
£342
£417
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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
73
-
500
-
income
15
-
100
-
total
15
-
100
-
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%.

427
500
-
-
total
-
-
-
-
Dividends
427
500
-
-
withholding
21
25
-
-
total
21
25
-
-
Income
500
500
500
500
Total tax
36
25
100
5
After tax
464
475
400
495
Living cost
58
58
58
58
Free-cash
406
417
342
437

Estimated living cost  is £58 per week

£36
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£16
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Tbilisi , Georgia
£404
£367
£309
£384
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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
114
-
500
-
income
23
-
100
-
total
23
-
100
-
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%.

386
500
-
-
total
-
-
-
-
Dividends
386
500
-
-
withholding
19
25
-
-
total
19
25
-
-
Income
500
500
500
500
Total tax
42
25
100
5
After tax
458
475
400
495
Living cost
91
91
91
91
Free-cash
367
384
309
404

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.

Source of data for Tbilisi model

Close
Berlin , Germany
£24
£30
£36
-£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

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

-
-
-
500
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
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.

-
-
-
51
trade
-
-
-
12
total
-
-
-
128
Employee

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

448
-
500
-
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
-
51
-
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
-
3
-
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
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52
500
-
-
trade
7
72
-
-
income
8
75
-
-
chamber of commerce
1
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.

-
4
-
-
total
16
153
-
-
Dividends
35
347
-
-
withholding
5
83
-
-
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.

-
5
-
-
total
5
88
-
-
Income
500
500
500
500
Total tax
122
241
116
128
After tax
378
259
384
372
Living cost
348
348
348
348
Free-cash
30
-89
36
24

Estimated living cost  is £348 per week

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

Additional information

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

Source of data for Berlin model

Close
Dresden , Germany
£98
£80
£111
-£19
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.

-
-
-
500
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
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.

-
-
-
51
trade
-
-
-
13
total
-
-
-
129
Employee

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

345
-
500
-
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
-
51
-
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
-
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
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
155
500
-
-
trade
24
79
-
-
income
23
75
-
-
chamber of commerce
2
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.

1
4
-
-
total
50
160
-
-
Dividends
105
340
-
-
withholding
23
82
-
-
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
4
-
-
total
24
86
-
-
Income
500
500
500
500
Total tax
147
246
116
129
After tax
353
254
384
371
Living cost
273
273
273
273
Free-cash
80
-19
111
98

Estimated living cost  is £273 per week

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

Additional information

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

Source of data for Dresden model

Close
Hamburg , Germany
£17
£25
£30
-£102
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.

-
-
-
500
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
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.

-
-
-
51
trade
-
-
-
13
total
-
-
-
129
Employee

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

457
-
500
-
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
-
51
-
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
-
3
-
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
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43
500
-
-
trade
7
82
-
-
income
6
75
-
-
chamber of commerce
1
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.

-
4
-
-
total
14
163
-
-
Dividends
28
337
-
-
withholding
4
81
-
-
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
-
-
total
4
85
-
-
Income
500
500
500
500
Total tax
121
248
116
129
After tax
379
252
384
371
Living cost
354
354
354
354
Free-cash
25
-102
30
17

Estimated living cost  is £354 per week

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

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
-£43
-£43
-£29
-£164
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.

-
-
-
500
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
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.

-
-
-
51
trade
-
-
-
14
total
-
-
-
130
Employee

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

541
-
500
-
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
-
51
-
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
-
3
-
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
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
86
-
-
income
-
75
-
-
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.

-
4
-
-
total
-
167
-
-
Dividends
-
333
-
-
withholding
-
80
-
-
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
-
-
total
-
84
-
-
Income
500
500
500
500
Total tax
130
251
116
130
After tax
370
249
384
370
Living cost
413
413
413
413
Free-cash
-43
-164
-29
-43

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.

Source of data for Munich model

Close
Athens , Greece
£83
£83
£70
£112
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
-
-
-
500
surtax
-
-
-
4
unemployment
-
-
-
2
health
-
-
-
35
pensions
-
-
-
100
income
-
-
-
74
other
-
-
-
-
total
-
-
-
215
Employee
303
-
413
-
unemployment
21
-
29
-
other
-
-
-
-
income
51
-
70
-
surtax
1
-
3
-
pensions
20
-
28
-
health
8
-
11
-
total
101
-
141
-
Employer
303
-
413
-
pensions
40
-
55
-
other
-
-
-
-
health
14
-
19
-
unemployment
10
-
13
-
total
64
-
87
-
Corporate
133
500
-
-
income
35
130
-
-
total
35
130
-
-
Dividends
98
370
-
-
withholding
15
56
-
-
total
15
56
-
-
Income
500
500
500
500
Total tax
215
186
228
215
After tax
285
314
272
285
Living cost
202
202
202
202
Free-cash
83
112
70
83

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

Source of data for Athens model

Close
Thessaloniki , Greece
£86
£87
£73
£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
-
-
-
500
surtax
-
-
-
4
unemployment
-
-
-
2
health
-
-
-
35
pensions
-
-
-
100
income
-
-
-
74
other
-
-
-
-
total
-
-
-
215
Employee
298
-
413
-
unemployment
21
-
29
-
other
-
-
-
-
income
50
-
70
-
surtax
1
-
3
-
pensions
20
-
28
-
health
8
-
11
-
total
100
-
141
-
Employer
298
-
413
-
pensions
40
-
55
-
other
-
-
-
-
health
14
-
19
-
unemployment
9
-
13
-
total
63
-
87
-
Corporate
139
500
-
-
income
36
130
-
-
total
36
130
-
-
Dividends
103
370
-
-
withholding
15
56
-
-
total
15
56
-
-
Income
500
500
500
500
Total tax
214
186
228
215
After tax
286
314
272
285
Living cost
199
199
199
199
Free-cash
87
115
73
86

Estimated living cost  is £199 per week

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

Source of data for Thessaloniki model

Close
Budapest , Hungary
£168
£108
£111
£104
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
-
-
-
500
unemployment
-
-
-
7
health
-
-
-
35
pensions
-
-
-
50
income
-
-
-
61
total
-
-
-
153
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
418
-
unemployment
4
2
6
-
income
32
13
51
-
pensions
26
10
42
-
health
18
7
29
-
total
80
32
128
-
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
418
-
pensions
50
20
82
-
total
50
20
82
-
Corporate
192
377
-
-
income
17
34
-
-
total
17
34
-
-
Dividends
174
343
-
-
withholding
33
65
-
-
social contributions
33
66
-
-
total
66
131
-
-
Income
500
500
500
500
Total tax
213
217
210
153
After tax
287
283
290
347
Living cost
179
179
179
179
Free-cash
108
104
111
168

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

Source of data for Budapest model

Close
Reykjavik , Iceland
-£123
-£237
-£120
-£124
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
-
-
-
500
national
-
-
-
74
pensions
-
-
-
60
social contributions
-
-
-
5
municipal
-
-
-
48
total
-
-
-
187
Employee
676
-
432
-
municipal
84
-
50
-
national
129
-
77
-
pensions
27
-
17
-
total
240
-
144
-
Employer
676
-
432
-
pensions
54
-
35
-
social contributions
7
-
5
-
total
61
-
40
-
Corporate
-
500
-
-
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%.

-
100
-
-
total
-
100
-
-
Dividends
-
400
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
301
188
184
187
After tax
199
312
316
313
Living cost
436
436
436
436
Free-cash
-237
-124
-120
-123

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.

Source of data for Reykjavik model

Close
Dublin , Ireland
-£121
-£205
-£121
-£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
-
-
-
500
social contributions
-
-
-
36
income
-
-
-
72
total
-
-
-
108
Employee
705
-
500
-
social contributions
59
-
36
-
income
133
-
72
-
total
192
-
108
-
Employer
705
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
437
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
192
150
108
108
After tax
308
350
392
392
Living cost
513
513
513
513
Free-cash
-205
-163
-121
-121

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.

Source of data for Dublin model

Close
Milan , Italy
-£107
-£301
-£135
-£114
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
-
-
-
500
national
-
-
-
90
regional
-
-
-
5
social contributions
-
-
-
129
municipal
-
-
-
3
total
-
-
-
227
Employee
801
-
500
-
municipal
4
-
3
-
national
139
-
79
-
social contributions
270
-
169
-
regional
8
-
4
-
total
421
-
255
-
Employer
801
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
20
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
421
234
255
227
After tax
79
266
245
273
Living cost
380
380
380
380
Free-cash
-301
-114
-135
-107

Estimated living cost  is £380 per week

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

Source of data for Milan model

Close
Naples , Italy
£27
-£1
-£1
£20
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
-
-
-
500
national
-
-
-
90
regional
-
-
-
8
social contributions
-
-
-
129
municipal
-
-
-
3
total
-
-
-
230
Employee
500
-
500
-
municipal
3
-
3
-
national
79
-
79
-
social contributions
169
-
169
-
regional
7
-
7
-
total
258
-
258
-
Employer
500
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
25
-
-
total
-
145
-
-
Dividends
-
355
-
-
withholding
-
92
-
-
total
-
92
-
-
Income
500
500
500
500
Total tax
258
237
258
230
After tax
242
263
242
270
Living cost
243
243
243
243
Free-cash
-1
20
-1
27

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

Source of data for Naples model