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
£ 550
per

Your estimated
City
free-cash

Andorra , Andorra
£158
£194
£173
£225
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
-
-
-
550
social contributions
-
-
-
121
income
-
-
-
1
total
-
-
-
122
Employee
288
-
476
-
social contributions
19
-
31
-
income
-
-
2
-
total
19
-
33
-
Employer
288
-
476
-
social contributions
45
-
74
-
total
45
-
74
-
Corporate
217
550
-
-
income
22
55
-
-
total
22
55
-
-
Dividends
195
495
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
86
55
107
122
After tax
464
495
443
428
Living cost
270
270
270
270
Free-cash
194
225
173
158

Estimated living cost  is £270 per week

£174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Graz , Austria
£18
£24
-£81
£28
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
-
-
-
550
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
42
chamber of commerce
-
-
-
2
pensions
-
-
-
102
income
-
-
-
45
total
-
-
-
246
Employee
392
358
427
-
unemployment
12
11
13
-
other
4
4
4
-
income
35
26
45
-
pensions
40
37
44
-
health
15
14
17
-
total
106
92
123
-
Employer
392
358
427
-
pensions
49
45
54
-
surtax
-
-
-
-
payroll
12
11
13
-
other
19
17
20
-
health
15
14
16
-
accident
5
5
6
-
unemployment
12
11
13
-
chamber of commerce
2
1
2
-
total
114
104
124
-
Corporate
45
90
393
-
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.

11
22
98
-
total
11
22
98
-
Dividends
34
67
-
-
withholding
9
18
-
-
total
9
18
-
-
Income
550
550
550
550
Total tax
240
236
345
246
After tax
310
314
205
304
Living cost
286
286
286
286
Free-cash
24
28
-81
18

Estimated living cost  is £286 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.
£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

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
-£14
-£36
-£111
-£4
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
-
-
-
550
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
42
chamber of commerce
-
-
-
2
pensions
-
-
-
102
income
-
-
-
45
total
-
-
-
248
Employee
448
358
426
-
unemployment
13
11
13
-
other
4
4
4
-
income
51
26
45
-
pensions
46
37
44
-
health
17
14
16
-
total
131
92
122
-
Employer
448
358
426
-
pensions
56
45
53
-
surtax
2
2
2
-
payroll
13
11
13
-
other
21
17
20
-
health
17
14
16
-
accident
6
5
6
-
unemployment
13
11
13
-
chamber of commerce
2
1
2
-
total
130
106
125
-
Corporate
34
88
392
-
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
22
98
-
total
9
22
98
-
Dividends
-
66
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
550
550
550
550
Total tax
270
238
345
248
After tax
280
312
205
302
Living cost
316
316
316
316
Free-cash
-36
-4
-111
-14

Estimated living cost  is £316 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
-£37
-£277
-£93
-£17
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
-
-
-
550
national
-
-
-
164
communal

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

-
-
-
29
social contributions
-
-
-
67
total
-
-
-
260
Employee

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

642
-
426
-
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
-
4
-
national
197
-
114
-
communal

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

33
-
22
-
pensions

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

48
-
32
-
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
-
20
-
total
314
-
192
-
Employer

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

642
-
426
-
surtax
73
-
48
-
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
-
38
-
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.

39
-
26
-
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
-
6
-
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
186
-
124
-
Corporate
-
550
-
-
income
-
110
-
-
surtax
-
2
-
-
total
-
112
-
-
Dividends
-
438
-
-
withholding

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

-
128
-
-
total
-
128
-
-
Income
550
550
550
550
Total tax
500
240
316
260
After tax
50
310
234
290
Living cost
327
327
327
327
Free-cash
-277
-17
-93
-37

Estimated living cost  is £327 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£230
£261
£239
£315
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
-
-
-
550
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
82
total
-
-
-
165
Employee
205
-
488
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
49
-
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
49
-
94
-
Employer
205
-
488
-
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
305
550
-
-
income
31
55
-
-
total
31
55
-
-
Dividends
275
495
-
-
withholding
14
25
-
-
total
14
25
-
-
Income
550
550
550
550
Total tax
134
80
156
165
After tax
416
470
394
385
Living cost
155
155
155
155
Free-cash
261
315
239
230

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
Varna , Bulgaria
£267
£310
£276
£352
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
-
-
-
550
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
82
total
-
-
-
165
Employee
156
-
488
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
49
-
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
-
94
-
Employer
156
-
488
-
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
363
550
-
-
income
36
55
-
-
total
36
55
-
-
Dividends
327
495
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
550
550
550
550
Total tax
122
80
156
165
After tax
428
470
394
385
Living cost
118
118
118
118
Free-cash
310
352
276
267

Estimated living cost  is £118 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
£218
£149
£173
£139
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
-
-
-
550
health
-
-
-
14
social contributions
-
-
-
86
income
-
-
-
24
total
-
-
-
124
Employee
690
690
690
-
income
75
64
70
-
social contributions
26
57
41
-
health
5
12
8
-
total
106
133
119
-
Employer
690
690
690
-
social contributions
26
57
41
-
health
6
13
9
-
total
32
70
50
-
Corporate
204
-
-
-
income
25
-
-
-
total
25
-
-
-
Dividends
178
-
-
-
withholding
30
-
-
-
total
30
-
-
-
Income
550
550
550
550
Total tax
193
203
169
124
After tax
357
347
381
426
Living cost
208
208
208
208
Free-cash
149
139
173
218

Estimated living cost  is £208 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£135
£76
£90
£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
-
-
-
550
health
-
-
-
14
social contributions
-
-
-
86
income
-
-
-
24
total
-
-
-
124
Employee
690
690
690
-
income
72
64
70
-
social contributions
34
57
41
-
health
7
12
8
-
total
113
133
119
-
Employer
690
690
690
-
social contributions
34
57
41
-
health
7
13
9
-
total
41
70
50
-
Corporate
105
-
-
-
income
13
-
-
-
total
13
-
-
-
Dividends
92
-
-
-
withholding
16
-
-
-
total
16
-
-
-
Income
550
550
550
550
Total tax
183
203
169
124
After tax
367
347
381
426
Living cost
291
291
291
291
Free-cash
76
56
90
135

Estimated living cost  is £291 per week

£199
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.
£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
Brno , Czech Republic
£61
£98
£72
£171
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
-
-
-
550
health
-
-
-
74
social contributions
-
-
-
161
income
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
282
Employee
305
-
410
-
income
37
-
49
-
social contributions
20
-
27
-
health
41
-
55
-
solidarity contribution
-
-
-
-
total
98
-
131
-
Employer
305
-
410
-
social contributions
76
-
103
-
health
27
-
37
-
total
103
-
140
-
Corporate
141
550
-
-
income
27
105
-
-
total
27
105
-
-
Dividends
115
445
-
-
withholding
17
67
-
-
total
17
67
-
-
Income
550
550
550
550
Total tax
245
172
271
282
After tax
305
378
279
268
Living cost
207
207
207
207
Free-cash
98
171
72
61

Estimated living cost  is £207 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.
£44
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
£13
£32
£24
£123
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
-
-
-
550
health
-
-
-
74
social contributions
-
-
-
161
income
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
282
Employee
376
-
410
-
income
45
-
49
-
social contributions
24
-
27
-
health
51
-
55
-
solidarity contribution
-
-
-
-
total
120
-
131
-
Employer
376
-
410
-
social contributions
94
-
103
-
health
34
-
37
-
total
128
-
140
-
Corporate
47
550
-
-
income
9
105
-
-
total
9
105
-
-
Dividends
38
445
-
-
withholding
6
67
-
-
total
6
67
-
-
Income
550
550
550
550
Total tax
263
172
271
282
After tax
287
378
279
268
Living cost
255
255
255
255
Free-cash
32
123
24
13

Estimated living cost  is £255 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£78
-£1410
-£1410
-£1410
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
-
-
-
550
national
-
-
-
53
pensions
-
-
-
8
municipal
-
-
-
91
labour market
-
-
-
43
total
-
-
-
195
Employee
1 829
1 829
1 829
-
municipal
390
390
390
-
national
223
223
223
-
pensions
3
3
3
-
labour market
146
146
146
-
total
762
762
762
-
Employer
1 829
1 829
1 829
-
pensions
5
5
5
-
labour market
146
146
146
-
municipal
390
390
390
-
national
224
224
224
-
total
765
765
765
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
1 527
1 527
1 527
195
After tax
-977
-977
-977
355
Living cost
433
433
433
433
Free-cash
-1 410
-1 410
-1 410
-78

Estimated living cost  is £433 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
£84
£167
£104
£223
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
-
-
-
550
health
-
-
-
72
pensions
-
-
-
110
income
-
-
-
67
total
-
-
-
249
Employee
255
-
411
-
unemployment
4
-
7
-
income
29
-
76
-
pensions
5
-
8
-
total
38
-
91
-
Employer
255
-
411
-
pensions
51
-
82
-
health
33
-
53
-
unemployment
2
-
3
-
total
86
-
138
-
Corporate
209
550
-
-
income
42
110
-
-
total
42
110
-
-
Dividends
168
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
166
110
229
249
After tax
384
440
321
301
Living cost
217
217
217
217
Free-cash
167
223
104
84

Estimated living cost  is £217 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
£77
-£11
-£5
£35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
550
national
-
-
-
26
health
-
-
-
5
municipal
-
-
-
98
total
-
-
-
129
Employee
472
-
463
-
unemployment
7
-
7
-
municipal
77
-
76
-
national
8
-
7
-
pensions
32
-
31
-
health
4
-
3
-
total
128
-
124
-
Employer
472
-
463
-
pensions
82
-
80
-
health
4
-
4
-
accident
-
-
-
-
unemployment
3
-
3
-
total
89
-
87
-
Corporate
-
550
-
-
income
-
110
-
-
total
-
110
-
-
Dividends

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

-
330
-
-
municipal
-
59
-
-
national
-
2
-
-
total
-
61
-
-
Income
550
550
550
550
Total tax
217
171
211
129
After tax
333
379
339
421
Living cost
344
344
344
344
Free-cash
-11
35
-5
77

Estimated living cost  is £344 per week

£225
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
£52
£50
£57
£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
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
157
social contributions
-
-
-
16
income
-
-
-
26
other
-
-
-
17
total
-
-
-
221
Employee
343
-
419
-
income
18
-
27
-
surtax
-
-
-
-
social contributions
10
-
12
-
pensions
39
-
47
-
total
67
-
86
-
Employer
343
-
419
-
pensions
56
-
69
-
social contributions
1
-
1
-
other
12
-
14
-
health
24
-
29
-
unemployment
14
-
17
-
total
107
-
130
-
Corporate
100
550
-
-
income
28
154
-
-
surtax
-
-
-
-
total
28
154
-
-
Dividends
72
396
-
-
withholding
9
51
-
-
social contributions
12
68
-
-
surtax
-
-
-
-
total
21
119
-
-
Income
550
550
550
550
Total tax
223
273
216
221
After tax
327
277
334
329
Living cost
277
277
277
277
Free-cash
50
-
57
52

Estimated living cost  is £277 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£22
£23
£27
-£30
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
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
157
social contributions
-
-
-
16
income
-
-
-
26
other
-
-
-
17
total
-
-
-
221
Employee
384
-
419
-
income
23
-
27
-
surtax
-
-
-
-
social contributions
11
-
12
-
pensions
43
-
47
-
total
77
-
86
-
Employer
384
-
419
-
pensions
63
-
69
-
social contributions
1
-
1
-
other
13
-
14
-
health
27
-
29
-
unemployment
16
-
17
-
total
120
-
130
-
Corporate
46
550
-
-
income
13
154
-
-
surtax
-
-
-
-
total
13
154
-
-
Dividends
33
396
-
-
withholding
4
51
-
-
social contributions
6
68
-
-
surtax
-
-
-
-
total
10
119
-
-
Income
550
550
550
550
Total tax
220
273
216
221
After tax
330
277
334
329
Living cost
307
307
307
307
Free-cash
23
-30
27
22

Estimated living cost  is £307 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.
£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
Paris , France
-£104
-£187
-£99
-£156
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
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
157
social contributions
-
-
-
16
income
-
-
-
26
other
-
-
-
17
total
-
-
-
221
Employee
562
-
419
-
income
49
-
27
-
surtax
-
-
-
-
social contributions
16
-
12
-
pensions
64
-
47
-
total
129
-
86
-
Employer
562
-
419
-
pensions
92
-
69
-
social contributions
2
-
1
-
other
19
-
14
-
health
39
-
29
-
unemployment
23
-
17
-
total
175
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
social contributions
-
68
-
-
surtax
-
-
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
304
273
216
221
After tax
246
277
334
329
Living cost
433
433
433
433
Free-cash
-187
-156
-99
-104

Estimated living cost  is £433 per week

£293
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.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£487
£454
£382
£465
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%.

-
-
-
550
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
72
-
550
-
income
14
-
110
-
total
14
-
110
-
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%.

478
550
-
-
total
-
-
-
-
Dividends
478
550
-
-
withholding
24
27
-
-
total
24
27
-
-
Income
550
550
550
550
Total tax
38
27
110
5
After tax
512
523
440
545
Living cost
58
58
58
58
Free-cash
454
465
382
487

Estimated living cost  is £58 per week

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

Additional information

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

Tbilisi , Georgia
£455
£415
£350
£433
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%.

-
-
-
550
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
113
-
550
-
income
23
-
110
-
total
23
-
110
-
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%.

437
550
-
-
total
-
-
-
-
Dividends
437
550
-
-
withholding
22
27
-
-
total
22
27
-
-
Income
550
550
550
550
Total tax
45
27
110
5
After tax
505
523
440
545
Living cost
90
90
90
90
Free-cash
415
433
350
455

Estimated living cost  is £90 per week

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

Additional information

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

Berlin , Germany
£53
£55
£72
-£62
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.

-
-
-
550
surtax

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

-
-
-
4
health

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

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

-
-
-
61
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.

-
-
-
67
trade
-
-
-
19
total
-
-
-
151
Employee

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

446
-
550
-
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
-
67
-
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
-
4
-
health

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

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

61
-
61
-
total
100
-
132
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
104
550
-
-
trade
15
79
-
-
income
16
83
-
-
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
5
-
-
total
34
169
-
-
Dividends
71
382
-
-
withholding
14
92
-
-
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
5
-
-
total
15
97
-
-
Income
550
550
550
550
Total tax
149
266
132
151
After tax
401
284
418
399
Living cost
346
346
346
346
Free-cash
55
-62
72
53

Estimated living cost  is £346 per week

£239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dresden , Germany
£125
£104
£146
£6
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.

-
-
-
550
surtax

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

-
-
-
4
health

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

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

-
-
-
61
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.

-
-
-
67
trade
-
-
-
21
total
-
-
-
153
Employee

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

343
-
550
-
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
-
67
-
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
-
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.

61
-
61
-
total
72
-
132
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
207
550
-
-
trade
33
87
-
-
income
31
83
-
-
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.

2
5
-
-
total
68
177
-
-
Dividends
140
374
-
-
withholding
32
90
-
-
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
5
-
-
total
34
95
-
-
Income
550
550
550
550
Total tax
174
272
132
153
After tax
376
278
418
397
Living cost
272
272
272
272
Free-cash
104
6
146
125

Estimated living cost  is £272 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Hamburg , Germany
£44
£51
£66
-£76
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.

-
-
-
550
surtax

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

-
-
-
4
health

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

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

-
-
-
61
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.

-
-
-
67
trade
-
-
-
22
total
-
-
-
154
Employee

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

455
-
550
-
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
-
67
-
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
-
4
-
health

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

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

61
-
61
-
total
102
-
132
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
95
550
-
-
trade
16
90
-
-
income
14
83
-
-
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.

1
5
-
-
total
32
180
-
-
Dividends
63
370
-
-
withholding
12
89
-
-
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
5
-
-
total
13
94
-
-
Income
550
550
550
550
Total tax
147
274
132
154
After tax
403
276
418
396
Living cost
352
352
352
352
Free-cash
51
-76
66
44

Estimated living cost  is £352 per week

£236
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.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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
-£16
£7
£7
-£138
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.

-
-
-
550
surtax

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

-
-
-
4
health

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

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

-
-
-
61
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.

-
-
-
67
trade
-
-
-
23
total
-
-
-
155
Employee

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

539
-
550
-
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.

63
-
67
-
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
-
4
-
health

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

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

61
-
61
-
total
127
-
132
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11
550
-
-
trade
2
94
-
-
income
2
83
-
-
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.

-
5
-
-
total
5
184
-
-
Dividends
6
366
-
-
withholding
-
88
-
-
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
-
93
-
-
Income
550
550
550
550
Total tax
132
277
132
155
After tax
418
273
418
395
Living cost
411
411
411
411
Free-cash
7
-138
7
-16

Estimated living cost  is £411 per week

£300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
£106
£115
£93
£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
-
-
-
550
surtax
-
-
-
6
unemployment
-
-
-
2
health
-
-
-
39
pensions
-
-
-
110
income
-
-
-
85
other
-
-
-
-
total
-
-
-
242
Employee
302
-
454
-
unemployment
21
-
32
-
other
-
-
-
-
income
51
-
80
-
surtax
1
-
5
-
pensions
20
-
30
-
health
8
-
12
-
total
101
-
159
-
Employer
302
-
454
-
pensions
40
-
61
-
other
-
-
-
-
health
14
-
21
-
unemployment
10
-
14
-
total
64
-
96
-
Corporate
184
550
-
-
income
48
143
-
-
total
48
143
-
-
Dividends
136
407
-
-
withholding
20
61
-
-
total
20
61
-
-
Income
550
550
550
550
Total tax
233
204
255
242
After tax
317
346
295
308
Living cost
202
202
202
202
Free-cash
115
144
93
106

Estimated living cost  is £202 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
£110
£118
£97
£148
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
-
-
-
550
surtax
-
-
-
6
unemployment
-
-
-
2
health
-
-
-
39
pensions
-
-
-
110
income
-
-
-
85
other
-
-
-
-
total
-
-
-
242
Employee
297
-
454
-
unemployment
21
-
32
-
other
-
-
-
-
income
50
-
80
-
surtax
1
-
5
-
pensions
20
-
30
-
health
8
-
12
-
total
100
-
159
-
Employer
297
-
454
-
pensions
40
-
61
-
other
-
-
-
-
health
14
-
21
-
unemployment
9
-
14
-
total
63
-
96
-
Corporate
191
550
-
-
income
50
143
-
-
total
50
143
-
-
Dividends
141
407
-
-
withholding
21
61
-
-
total
21
61
-
-
Income
550
550
550
550
Total tax
234
204
255
242
After tax
316
346
295
308
Living cost
198
198
198
198
Free-cash
118
148
97
110

Estimated living cost  is £198 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£201
£134
£139
£131
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
-
-
-
550
unemployment
-
-
-
8
health
-
-
-
39
pensions
-
-
-
55
income
-
-
-
67
total
-
-
-
169
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.

259
103
460
-
unemployment
4
2
7
-
income
32
13
56
-
pensions
26
10
46
-
health
18
7
32
-
total
80
32
141
-
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.

259
103
460
-
pensions
51
20
90
-
total
51
20
90
-
Corporate
240
427
-
-
income
22
38
-
-
total
22
38
-
-
Dividends
219
388
-
-
withholding
42
74
-
-
social contributions
41
75
-
-
total
83
149
-
-
Income
550
550
550
550
Total tax
236
239
231
169
After tax
314
311
319
381
Living cost
180
180
180
180
Free-cash
134
131
139
201

Estimated living cost  is £180 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-£91
-£182
-£87
-£90
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
-
-
-
550
national
-
-
-
83
pensions
-
-
-
66
social contributions
-
-
-
6
municipal
-
-
-
53
total
-
-
-
208
Employee
671
-
475
-
municipal
83
-
56
-
national
128
-
86
-
pensions
27
-
19
-
total
238
-
161
-
Employer
671
-
475
-
pensions
54
-
38
-
social contributions
7
-
5
-
total
61
-
43
-
Corporate
-
550
-
-
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%.

-
110
-
-
total
-
110
-
-
Dividends
-
440
-
-
withholding
-
97
-
-
total
-
97
-
-
Income
550
550
550
550
Total tax
299
207
204
208
After tax
251
343
346
342
Living cost
433
433
433
433
Free-cash
-182
-90
-87
-91

Estimated living cost  is £433 per week

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

Additional information

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

Dublin , Ireland
-£85
-£151
-£85
-£126
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
-
-
-
550
social contributions
-
-
-
42
income
-
-
-
82
total
-
-
-
124
Employee
702
-
550
-
social contributions
58
-
42
-
income
132
-
82
-
total
190
-
124
-
Employer
702
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
income
-
69
-
-
total
-
69
-
-
Dividends
-
481
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
190
165
124
124
After tax
360
385
426
426
Living cost
511
511
511
511
Free-cash
-151
-126
-85
-85

Estimated living cost  is £511 per week

£389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-£79
-£248
-£110
-£85
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
-
-
-
550
national
-
-
-
100
regional
-
-
-
6
social contributions
-
-
-
141
municipal
-
-
-
3
total
-
-
-
250
Employee
797
-
550
-
municipal
4
-
3
-
national
138
-
88
-
social contributions
269
-
185
-
regional
8
-
5
-
total
419
-
281
-
Employer
797
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
21
-
-
total
-
153
-
-
Dividends
-
397
-
-
withholding
-
103
-
-
total
-
103
-
-
Income
550
550
550
550
Total tax
419
256
281
250
After tax
131
294
269
300
Living cost
379
379
379
379
Free-cash
-248
-85
-110
-79

Estimated living cost  is £379 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
£56
£25
£25
£47
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
-
-
-
550
national
-
-
-
100
regional
-
-
-
8
social contributions
-
-
-
141
municipal
-
-
-
3
total
-
-
-
252
Employee
498
-
550
-
municipal
3
-
3
-
national
79
-
88
-
social contributions
168
-
185
-
regional
7
-
7
-
total
257
-
283
-
Employer
498
-
550
-
total
-
-
-
-
Corporate
52
550
-
-
nationa
13
132
-
-
municipal
3
27
-
-
total
16
159
-
-
Dividends
37
391
-
-
withholding
10
102
-
-
total
10
102
-
-
Income
550
550
550
550
Total tax
283
261
283
252
After tax
267
289
267
298
Living cost
242
242
242
242
Free-cash
25
47
25
56

Estimated living cost  is £242 per week

£150
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.
£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