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
£237
£184
£169
£208
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
-
-
-
2
total
-
-
-
123
Employee
276
-
476
-
social contributions
18
-
31
-
income
-
-
3
-
total
18
-
34
-
Employer
276
-
476
-
social contributions
43
-
74
-
total
43
-
74
-
Corporate
232
550
-
-
income
23
55
-
-
total
23
55
-
-
Dividends
208
495
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
84
55
108
123
After tax
466
495
442
427
Living cost
258
258
258
258
Free-cash
208
237
184
169

Estimated living cost  is £258 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Graz , Austria
£43
-£73
£27
£37
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
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
42
pensions
-
-
-
102
income
-
-
-
50
surtax
-
-
-
-
total
-
-
-
249
Employee
375
342
427
-
health
15
13
17
-
pensions
38
35
44
-
other
4
3
4
-
unemployment
11
10
13
-
income
33
25
48
-
total
101
86
126
-
Employer
375
342
427
-
pensions
47
43
54
-
accident
5
4
6
-
unemployment
11
10
13
-
surtax
-
-
-
-
payroll
11
10
13
-
chamber of commerce
1
1
2
-
health
14
13
16
-
other
18
16
20
-
total
107
97
124
-
Corporate
67
110
395
-
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.

17
27
99
-
total
17
27
99
-
Dividends
50
82
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
550
550
550
550
Total tax
239
233
349
249
After tax
311
317
201
301
Living cost
274
274
274
274
Free-cash
37
43
-73
27

Estimated living cost  is £274 per week

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

Additional information

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

Vienna , Austria
£14
-£100
-£3
-£13
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
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
42
pensions
-
-
-
102
income
-
-
-
50
surtax
-
-
-
2
total
-
-
-
251
Employee
429
342
426
-
health
17
13
16
-
pensions
44
35
44
-
other
4
3
4
-
unemployment
13
10
13
-
income
49
25
48
-
total
127
86
125
-
Employer
429
342
426
-
pensions
54
43
53
-
accident
6
4
6
-
unemployment
13
10
13
-
surtax
2
2
2
-
payroll
13
10
13
-
chamber of commerce
2
1
2
-
health
16
13
16
-
other
20
16
20
-
total
126
99
125
-
Corporate
33
108
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.

8
27
98
-
total
8
27
98
-
Dividends
-
81
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
550
550
550
550
Total tax
261
234
348
251
After tax
289
316
202
299
Living cost
302
302
302
302
Free-cash
-13
14
-100
-3

Estimated living cost  is £302 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
-£3
-£81
-£26
-£243
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
-
-
-
69
communal

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

-
-
-
29
national
-
-
-
165
total
-
-
-
263
Employee

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

614
-
426
-
health

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

29
-
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.

46
-
32
-
communal

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

32
-
22
-
national
189
-
116
-
unemployment

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

5
-
4
-
total
301
-
194
-
Employer

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

614
-
426
-
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
-
surtax
70
-
48
-
health

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

38
-
26
-
pensions

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

54
-
38
-
total
179
-
124
-
Corporate
-
550
-
-
surtax
-
2
-
-
income
-
110
-
-
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
480
240
318
263
After tax
70
310
232
287
Living cost
313
313
313
313
Free-cash
-243
-3
-81
-26

Estimated living cost  is £313 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£323
£252
£241
£271
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
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
83
total
-
-
-
162
Employee
195
-
491
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
20
-
49
-
total
48
-
92
-
Employer
195
-
491
-
accident

We are using the highest rate at 1.1%.

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

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

22
-
33
-
total
38
-
59
-
Corporate
316
550
-
-
income
32
55
-
-
total
32
55
-
-
Dividends
285
495
-
-
withholding
14
25
-
-
total
14
25
-
-
Income
550
550
550
550
Total tax
132
80
151
162
After tax
418
470
399
388
Living cost
147
147
147
147
Free-cash
271
323
252
241

Estimated living cost  is £147 per week

£98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£358
£287
£276
£318
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
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
83
total
-
-
-
162
Employee
149
-
491
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
49
-
total
37
-
92
-
Employer
149
-
491
-
accident

We are using the highest rate at 1.1%.

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

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

16
-
33
-
total
29
-
59
-
Corporate
372
550
-
-
income
37
55
-
-
total
37
55
-
-
Dividends
335
495
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
550
550
550
550
Total tax
120
80
151
162
After tax
430
470
399
388
Living cost
112
112
112
112
Free-cash
318
358
287
276

Estimated living cost  is £112 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
£157
£186
£224
£158
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
-
-
-
86
health
-
-
-
14
income
-
-
-
27
total
-
-
-
127
Employee
660
660
660
-
health
5
11
8
-
social contributions
25
55
41
-
income
72
61
66
-
total
102
127
115
-
Employer
660
660
660
-
social contributions
25
55
41
-
health
6
12
9
-
total
31
67
50
-
Corporate
219
-
-
-
income
27
-
-
-
total
27
-
-
-
Dividends
192
-
-
-
withholding
33
-
-
-
total
33
-
-
-
Income
550
550
550
550
Total tax
193
194
165
127
After tax
357
356
385
423
Living cost
199
199
199
199
Free-cash
158
157
186
224

Estimated living cost  is £199 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£78
£107
£145
£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
social contributions
-
-
-
86
health
-
-
-
14
income
-
-
-
27
total
-
-
-
127
Employee
660
660
660
-
health
7
11
8
-
social contributions
32
55
41
-
income
69
61
66
-
total
108
127
115
-
Employer
660
660
660
-
social contributions
32
55
41
-
health
7
12
9
-
total
39
67
50
-
Corporate
125
-
-
-
income
16
-
-
-
total
16
-
-
-
Dividends
109
-
-
-
withholding
19
-
-
-
total
19
-
-
-
Income
550
550
550
550
Total tax
182
194
165
127
After tax
368
356
385
423
Living cost
278
278
278
278
Free-cash
90
78
107
145

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
£176
£77
£66
£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
-
-
-
550
social contributions
-
-
-
161
health
-
-
-
74
solidarity contribution
-
-
-
-
income
-
-
-
47
total
-
-
-
282
Employee
297
-
410
-
health
40
-
55
-
social contributions
19
-
27
-
solidarity contribution
-
-
-
-
income
36
-
49
-
total
95
-
131
-
Employer
297
-
410
-
social contributions
74
-
103
-
health
27
-
37
-
total
101
-
140
-
Corporate
152
550
-
-
income
29
105
-
-
total
29
105
-
-
Dividends
123
445
-
-
withholding
19
67
-
-
total
19
67
-
-
Income
550
550
550
550
Total tax
244
172
271
282
After tax
306
378
279
268
Living cost
202
202
202
202
Free-cash
104
176
77
66

Estimated living cost  is £202 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£129
£30
£19
£42
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
social contributions
-
-
-
161
health
-
-
-
74
solidarity contribution
-
-
-
-
income
-
-
-
47
total
-
-
-
282
Employee
366
-
410
-
health
49
-
55
-
social contributions
24
-
27
-
solidarity contribution
-
-
-
-
income
44
-
49
-
total
117
-
131
-
Employer
366
-
410
-
social contributions
91
-
103
-
health
33
-
37
-
total
124
-
140
-
Corporate
60
550
-
-
income
11
105
-
-
total
11
105
-
-
Dividends
49
445
-
-
withholding
7
67
-
-
total
7
67
-
-
Income
550
550
550
550
Total tax
259
172
271
282
After tax
291
378
279
268
Living cost
249
249
249
249
Free-cash
42
129
30
19

Estimated living cost  is £249 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£1324
-£1324
-£60
-£1324
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
labour market
-
-
-
43
municipal
-
-
-
92
pensions
-
-
-
7
national
-
-
-
54
total
-
-
-
196
Employee
1 748
1 748
1 748
-
municipal
372
372
372
-
pensions
2
2
2
-
national
214
214
214
-
labour market
140
140
140
-
total
728
728
728
-
Employer
1 748
1 748
1 748
-
labour market
140
140
140
-
national
214
214
214
-
municipal
373
373
373
-
pensions
5
5
5
-
total
732
732
732
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
1 460
1 460
1 460
196
After tax
-910
-910
-910
354
Living cost
414
414
414
414
Free-cash
-1 324
-1 324
-1 324
-60

Estimated living cost  is £414 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
£233
£112
£92
£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
-
-
-
550
health
-
-
-
72
pensions
-
-
-
110
income
-
-
-
69
total
-
-
-
251
Employee
243
-
411
-
pensions
5
-
8
-
unemployment
4
-
7
-
income
27
-
78
-
total
36
-
93
-
Employer
243
-
411
-
pensions
49
-
82
-
unemployment
2
-
3
-
health
32
-
53
-
total
83
-
138
-
Corporate
224
550
-
-
income
45
110
-
-
total
45
110
-
-
Dividends
180
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
164
110
231
251
After tax
386
440
319
299
Living cost
207
207
207
207
Free-cash
179
233
112
92

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
£49
£8
£89
£12
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
health
-
-
-
5
municipal
-
-
-
98
national
-
-
-
29
total
-
-
-
132
Employee
451
-
463
-
health
3
-
4
-
municipal
74
-
76
-
pensions
30
-
31
-
national
7
-
8
-
unemployment
7
-
7
-
total
121
-
126
-
Employer
451
-
463
-
accident
-
-
-
-
unemployment
3
-
3
-
health
3
-
4
-
pensions
78
-
80
-
total
84
-
87
-
Corporate
14
550
-
-
income
3
110
-
-
total
3
110
-
-
Dividends

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

8
330
-
-
municipal
1
59
-
-
national
-
3
-
-
total
1
62
-
-
Income
550
550
550
550
Total tax
209
172
213
132
After tax
341
378
337
418
Living cost
329
329
329
329
Free-cash
12
49
8
89

Estimated living cost  is £329 per week

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

Additional information

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

Marseille , France
£13
£69
£64
£61
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
-
-
-
16
health
-
-
-
5
pensions
-
-
-
157
other
-
-
-
17
income
-
-
-
27
surtax
-
-
-
-
total
-
-
-
222
Employee
328
-
419
-
income
17
-
28
-
social contributions
9
-
12
-
pensions
37
-
47
-
surtax
-
-
-
-
total
63
-
87
-
Employer
328
-
419
-
pensions
54
-
69
-
social contributions
1
-
1
-
unemployment
13
-
17
-
health
23
-
29
-
other
11
-
14
-
total
102
-
130
-
Corporate
120
550
-
-
surtax
-
-
-
-
income
34
154
-
-
total
34
154
-
-
Dividends
86
396
-
-
surtax
-
-
-
-
withholding
11
51
-
-
social contributions
15
68
-
-
total
26
119
-
-
Income
550
550
550
550
Total tax
225
273
217
222
After tax
325
277
333
328
Living cost
264
264
264
264
Free-cash
61
13
69
64

Estimated living cost  is £264 per week

£153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-£16
£40
£35
£35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
social contributions
-
-
-
16
health
-
-
-
5
pensions
-
-
-
157
other
-
-
-
17
income
-
-
-
27
surtax
-
-
-
-
total
-
-
-
222
Employee
367
-
419
-
income
22
-
28
-
social contributions
10
-
12
-
pensions
42
-
47
-
surtax
-
-
-
-
total
74
-
87
-
Employer
367
-
419
-
pensions
60
-
69
-
social contributions
1
-
1
-
unemployment
15
-
17
-
health
26
-
29
-
other
13
-
14
-
total
115
-
130
-
Corporate
68
550
-
-
surtax
-
-
-
-
income
19
154
-
-
total
19
154
-
-
Dividends
49
396
-
-
surtax
-
-
-
-
withholding
6
51
-
-
social contributions
8
68
-
-
total
14
119
-
-
Income
550
550
550
550
Total tax
222
273
217
222
After tax
328
277
333
328
Living cost
293
293
293
293
Free-cash
35
-16
40
35

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Paris , France
-£137
-£81
-£86
-£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
social contributions
-
-
-
16
health
-
-
-
5
pensions
-
-
-
157
other
-
-
-
17
income
-
-
-
27
surtax
-
-
-
-
total
-
-
-
222
Employee
537
-
419
-
income
47
-
28
-
social contributions
15
-
12
-
pensions
61
-
47
-
surtax
-
-
-
-
total
123
-
87
-
Employer
537
-
419
-
pensions
88
-
69
-
social contributions
2
-
1
-
unemployment
22
-
17
-
health
38
-
29
-
other
19
-
14
-
total
169
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
surtax
-
-
-
-
withholding
-
51
-
-
social contributions
-
68
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
292
273
217
222
After tax
258
277
333
328
Living cost
414
414
414
414
Free-cash
-156
-137
-81
-86

Estimated living cost  is £414 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£462
£379
£483
£450
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.

-
-
-
6
total
-
-
-
6
Employee
76
-
550
-
income
15
-
110
-
total
15
-
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%.

474
550
-
-
total
-
-
-
-
Dividends
474
550
-
-
withholding
24
27
-
-
total
24
27
-
-
Income
550
550
550
550
Total tax
39
27
110
6
After tax
511
523
440
544
Living cost
61
61
61
61
Free-cash
450
462
379
483

Estimated living cost  is £61 per week

£38
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
£429
£346
£450
£410
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.

-
-
-
6
total
-
-
-
6
Employee
118
-
550
-
income
24
-
110
-
total
24
-
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%.

432
550
-
-
total
-
-
-
-
Dividends
432
550
-
-
withholding
22
27
-
-
total
22
27
-
-
Income
550
550
550
550
Total tax
46
27
110
6
After tax
504
523
440
544
Living cost
94
94
94
94
Free-cash
410
429
346
450

Estimated living cost  is £94 per week

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

Additional information

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

Berlin , Germany
-£46
£85
£63
£66
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
health

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

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

-
-
-
59
trade
-
-
-
22
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.

-
-
-
71
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
-
-
-
156
Employee

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

427
-
550
-
health

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

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

59
-
59
-
surtax

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

2
-
4
-
income

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

35
-
71
-
total
96
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
123
550
-
-
trade
18
79
-
-
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
-
-
chamber of commerce
1
2
-
-
income
18
82
-
-
total
38
168
-
-
Dividends
85
382
-
-
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
-
-
withholding
18
92
-
-
total
19
97
-
-
Income
550
550
550
550
Total tax
153
265
134
156
After tax
397
285
416
394
Living cost
331
331
331
331
Free-cash
66
-46
85
63

Estimated living cost  is £331 per week

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

Additional information

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

Dresden , Germany
£19
£156
£132
£113
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
health

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

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

-
-
-
59
trade
-
-
-
24
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.

-
-
-
71
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
-
-
-
158
Employee

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

328
-
550
-
health

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

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

59
-
59
-
surtax

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

1
-
4
-
income

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

9
-
71
-
total
69
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
222
550
-
-
trade
35
87
-
-
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
-
-
chamber of commerce
2
2
-
-
income
33
82
-
-
total
72
176
-
-
Dividends
150
374
-
-
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
-
-
withholding
34
90
-
-
total
36
95
-
-
Income
550
550
550
550
Total tax
177
271
134
158
After tax
373
279
416
392
Living cost
260
260
260
260
Free-cash
113
19
156
132

Estimated living cost  is £260 per week

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

Additional information

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

Hamburg , Germany
-£60
£79
£54
£60
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
550
health

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

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

-
-
-
59
trade
-
-
-
25
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.

-
-
-
71
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
-
-
-
159
Employee

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

435
-
550
-
health

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

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

59
-
59
-
surtax

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

2
-
4
-
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
-
71
-
total
98
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
115
550
-
-
trade
19
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.

1
5
-
-
chamber of commerce
1
2
-
-
income
17
82
-
-
total
38
179
-
-
Dividends
76
370
-
-
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
-
-
withholding
16
89
-
-
total
17
94
-
-
Income
550
550
550
550
Total tax
153
273
134
159
After tax
397
277
416
391
Living cost
337
337
337
337
Free-cash
60
-60
79
54

Estimated living cost  is £337 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Munich , Germany
-£119
£23
-£3
£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

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

-
-
-
550
health

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

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

-
-
-
59
trade
-
-
-
26
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.

-
-
-
71
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
-
-
-
160
Employee

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

515
-
550
-
health

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

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

59
-
59
-
surtax

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

3
-
4
-
income

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

61
-
71
-
total
123
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35
550
-
-
trade
6
94
-
-
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
-
-
chamber of commerce
1
2
-
-
income
5
82
-
-
total
12
183
-
-
Dividends
22
367
-
-
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
-
-
withholding
2
88
-
-
total
2
93
-
-
Income
550
550
550
550
Total tax
137
276
134
160
After tax
413
274
416
390
Living cost
393
393
393
393
Free-cash
20
-119
23
-3

Estimated living cost  is £393 per week

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

Additional information

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

Athens , Greece
£153
£100
£113
£128
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
-
-
-
2
health
-
-
-
39
pensions
-
-
-
110
other
-
-
-
-
income
-
-
-
86
surtax
-
-
-
7
total
-
-
-
244
Employee
289
-
454
-
health
7
-
12
-
pensions
19
-
30
-
surtax
1
-
6
-
other
-
-
-
-
unemployment
20
-
32
-
income
48
-
81
-
total
95
-
161
-
Employer
289
-
454
-
pensions
38
-
61
-
unemployment
9
-
14
-
health
13
-
21
-
other
-
-
-
-
total
60
-
96
-
Corporate
200
550
-
-
income
52
143
-
-
total
52
143
-
-
Dividends
148
407
-
-
withholding
22
61
-
-
total
22
61
-
-
Income
550
550
550
550
Total tax
229
204
257
244
After tax
321
346
293
306
Living cost
193
193
193
193
Free-cash
128
153
100
113

Estimated living cost  is £193 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
£157
£104
£117
£129
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
-
-
-
2
health
-
-
-
39
pensions
-
-
-
110
other
-
-
-
-
income
-
-
-
86
surtax
-
-
-
7
total
-
-
-
244
Employee
284
-
454
-
health
7
-
12
-
pensions
19
-
30
-
surtax
1
-
6
-
other
-
-
-
-
unemployment
20
-
32
-
income
48
-
81
-
total
95
-
161
-
Employer
284
-
454
-
pensions
38
-
61
-
unemployment
9
-
14
-
health
13
-
21
-
other
-
-
-
-
total
60
-
96
-
Corporate
207
550
-
-
income
54
143
-
-
total
54
143
-
-
Dividends
153
407
-
-
withholding
23
61
-
-
total
23
61
-
-
Income
550
550
550
550
Total tax
232
204
257
244
After tax
318
346
293
306
Living cost
189
189
189
189
Free-cash
129
157
104
117

Estimated living cost  is £189 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£143
£151
£213
£147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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.

243
97
460
-
health
17
7
32
-
pensions
24
10
46
-
unemployment
4
1
7
-
income
30
12
56
-
total
75
30
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.

243
97
460
-
pensions
47
19
90
-
total
47
19
90
-
Corporate
260
434
-
-
income
23
39
-
-
total
23
39
-
-
Dividends
236
395
-
-
withholding
45
75
-
-
social contributions
45
76
-
-
total
90
151
-
-
Income
550
550
550
550
Total tax
235
239
231
169
After tax
315
311
319
381
Living cost
168
168
168
168
Free-cash
147
143
151
213

Estimated living cost  is £168 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-£90
-£87
-£91
-£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
-
-
-
550
social contributions
-
-
-
6
municipal
-
-
-
53
pensions
-
-
-
66
national
-
-
-
83
total
-
-
-
208
Employee
671
-
475
-
municipal
83
-
56
-
pensions
27
-
19
-
national
128
-
86
-
total
238
-
161
-
Employer
671
-
475
-
social contributions
7
-
5
-
pensions
54
-
38
-
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
-£104
-£64
-£64
-£122
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
-
-
-
83
total
-
-
-
125
Employee
671
-
550
-
social contributions
56
-
42
-
income
127
-
83
-
total
183
-
125
-
Employer
671
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
income
-
69
-
-
total
-
69
-
-
Dividends
-
481
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
183
165
125
125
After tax
367
385
425
425
Living cost
489
489
489
489
Free-cash
-122
-104
-64
-64

Estimated living cost  is £489 per week

£372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-£68
-£94
-£63
-£212
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
regional
-
-
-
6
social contributions
-
-
-
141
municipal
-
-
-
3
national
-
-
-
101
total
-
-
-
251
Employee
762
-
550
-
regional
7
-
5
-
municipal
4
-
3
-
social contributions
257
-
185
-
national
132
-
89
-
total
400
-
282
-
Employer
762
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
21
-
-
total
-
153
-
-
Dividends
-
397
-
-
withholding
-
103
-
-
total
-
103
-
-
Income
550
550
550
550
Total tax
400
256
282
251
After tax
150
294
268
299
Living cost
362
362
362
362
Free-cash
-212
-68
-94
-63

Estimated living cost  is £362 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
£58
£35
£66
£39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
regional
-
-
-
8
social contributions
-
-
-
141
municipal
-
-
-
3
national
-
-
-
101
total
-
-
-
253
Employee
476
-
550
-
regional
6
-
7
-
municipal
3
-
3
-
social contributions
160
-
185
-
national
75
-
89
-
total
244
-
284
-
Employer
476
-
550
-
total
-
-
-
-
Corporate
74
550
-
-
nationa
18
132
-
-
municipal
4
27
-
-
total
22
159
-
-
Dividends
53
391
-
-
withholding
14
102
-
-
total
14
102
-
-
Income
550
550
550
550
Total tax
280
261
284
253
After tax
270
289
266
297
Living cost
231
231
231
231
Free-cash
39
58
35
66

Estimated living cost  is £231 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source