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
£ 600
per

Your estimated
City
free-cash

Andorra , Andorra
£194
£238
£210
£269
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
-
-
-
600
social contributions
-
-
-
132
income
-
-
-
3
total
-
-
-
135
Employee
290
-
519
-
social contributions
19
-
34
-
income
-
-
4
-
total
19
-
38
-
Employer
290
-
519
-
social contributions
45
-
81
-
total
45
-
81
-
Corporate
265
600
-
-
income
27
60
-
-
total
27
60
-
-
Dividends
239
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
91
60
119
135
After tax
509
540
481
465
Living cost
271
271
271
271
Free-cash
238
269
210
194

Estimated living cost  is £271 per week

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

Additional information

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

Graz , Austria
£40
£50
-£71
£53
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
-
-
-
600
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
58
total
-
-
-
272
Employee
394
359
466
-
unemployment
12
11
14
-
other
4
4
5
-
income
35
27
56
-
pensions
40
37
48
-
health
15
14
18
-
total
106
93
141
-
Employer
394
359
466
-
pensions
49
45
58
-
surtax
-
-
-
-
payroll
12
11
14
-
other
19
17
22
-
health
15
14
18
-
accident
5
5
6
-
unemployment
12
11
14
-
chamber of commerce
2
1
2
-
total
114
104
134
-
Corporate
92
137
432
-
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.

23
34
108
-
total
23
34
108
-
Dividends
69
103
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
600
600
600
600
Total tax
262
259
383
272
After tax
338
341
217
328
Living cost
288
288
288
288
Free-cash
50
53
-71
40

Estimated living cost  is £288 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
£8
£4
-£102
£21
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
-
-
-
600
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
58
total
-
-
-
274
Employee
451
359
465
-
unemployment
14
11
14
-
other
5
4
5
-
income
51
27
55
-
pensions
46
37
48
-
health
17
14
18
-
total
133
93
140
-
Employer
451
359
465
-
pensions
57
45
58
-
surtax
2
2
2
-
payroll
14
11
14
-
other
21
17
22
-
health
17
14
18
-
accident
6
5
6
-
unemployment
14
11
14
-
chamber of commerce
2
1
2
-
total
133
106
136
-
Corporate
34
135
430
-
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
34
108
-
total
9
34
108
-
Dividends
9
102
-
-
withholding
3
28
-
-
total
3
28
-
-
Income
600
600
600
600
Total tax
278
261
384
274
After tax
322
339
216
326
Living cost
318
318
318
318
Free-cash
4
21
-102
8

Estimated living cost  is £318 per week

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

Additional information

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

Brussels , Belgium
-£18
-£232
-£78
£9
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
-
-
-
600
national
-
-
-
181
communal

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

-
-
-
31
social contributions
-
-
-
77
total
-
-
-
289
Employee

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

645
-
465
-
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
198
-
128
-
communal

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

34
-
24
-
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
-
35
-
health

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

30
-
22
-
total
316
-
213
-
Employer

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

645
-
465
-
surtax
73
-
53
-
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
-
41
-
health

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

40
-
29
-
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
-
7
-
total
187
-
136
-
Corporate
-
600
-
-
income
-
120
-
-
surtax
-
2
-
-
total
-
122
-
-
Dividends
-
478
-
-
withholding

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

-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
503
262
349
289
After tax
97
338
251
311
Living cost
329
329
329
329
Free-cash
-232
9
-78
-18

Estimated living cost  is £329 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£271
£304
£284
£358
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
-
-
-
600
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
90
total
-
-
-
174
Employee
206
-
538
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
54
-
pensions

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

18
-
28
-
health
9
-
14
-
total
50
-
99
-
Employer
206
-
538
-
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
354
600
-
-
income
35
60
-
-
total
35
60
-
-
Dividends
319
540
-
-
withholding
16
27
-
-
total
16
27
-
-
Income
600
600
600
600
Total tax
141
87
161
174
After tax
459
513
439
426
Living cost
155
155
155
155
Free-cash
304
358
284
271

Estimated living cost  is £155 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£308
£352
£321
£395
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
-
-
-
600
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
47
income
-
-
-
90
total
-
-
-
174
Employee
157
-
538
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
54
-
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
-
99
-
Employer
157
-
538
-
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
413
600
-
-
income
41
60
-
-
total
41
60
-
-
Dividends
371
540
-
-
withholding
19
27
-
-
total
19
27
-
-
Income
600
600
600
600
Total tax
130
87
161
174
After tax
470
513
439
426
Living cost
118
118
118
118
Free-cash
352
395
321
308

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
£250
£184
£213
£186
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
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
32
total
-
-
-
141
Employee
693
693
693
-
income
75
64
69
-
social contributions
26
58
45
-
health
5
12
9
-
total
106
134
123
-
Employer
693
693
693
-
social contributions
26
58
45
-
health
6
13
10
-
total
32
71
55
-
Corporate
252
-
-
-
income
32
-
-
-
total
32
-
-
-
Dividends
221
-
-
-
withholding
37
-
-
-
total
37
-
-
-
Income
600
600
600
600
Total tax
207
205
178
141
After tax
393
395
422
459
Living cost
209
209
209
209
Free-cash
184
186
213
250

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
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
£167
£110
£130
£103
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
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
32
total
-
-
-
141
Employee
693
693
693
-
income
73
64
69
-
social contributions
34
58
45
-
health
7
12
9
-
total
114
134
123
-
Employer
693
693
693
-
social contributions
34
58
45
-
health
8
13
10
-
total
42
71
55
-
Corporate
153
-
-
-
income
19
-
-
-
total
19
-
-
-
Dividends
134
-
-
-
withholding
23
-
-
-
total
23
-
-
-
Income
600
600
600
600
Total tax
198
205
178
141
After tax
402
395
422
459
Living cost
292
292
292
292
Free-cash
110
103
130
167

Estimated living cost  is £292 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
£84
£131
£97
£205
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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
306
-
448
-
income
37
-
54
-
social contributions
20
-
29
-
health
41
-
60
-
solidarity contribution
-
-
-
-
total
98
-
143
-
Employer
306
-
448
-
social contributions
76
-
112
-
health
28
-
40
-
total
104
-
152
-
Corporate
190
600
-
-
income
36
114
-
-
total
36
114
-
-
Dividends
154
486
-
-
withholding
23
73
-
-
total
23
73
-
-
Income
600
600
600
600
Total tax
261
187
295
308
After tax
339
413
305
292
Living cost
208
208
208
208
Free-cash
131
205
97
84

Estimated living cost  is £208 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£36
£66
£49
£157
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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
377
-
448
-
income
45
-
54
-
social contributions
24
-
29
-
health
51
-
60
-
solidarity contribution
-
-
-
-
total
120
-
143
-
Employer
377
-
448
-
social contributions
94
-
112
-
health
34
-
40
-
total
128
-
152
-
Corporate
95
600
-
-
income
18
114
-
-
total
18
114
-
-
Dividends
77
486
-
-
withholding
12
73
-
-
total
12
73
-
-
Income
600
600
600
600
Total tax
278
187
295
308
After tax
322
413
305
292
Living cost
256
256
256
256
Free-cash
66
157
49
36

Estimated living cost  is £256 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£51
-£1370
-£1370
-£1370
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
-
-
-
600
national
-
-
-
59
pensions
-
-
-
8
municipal
-
-
-
102
labour market
-
-
-
47
total
-
-
-
216
Employee
1 838
1 838
1 838
-
municipal
391
391
391
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
766
766
766
-
Employer
1 838
1 838
1 838
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
392
392
392
-
national
225
225
225
-
total
769
769
769
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
1 535
1 535
1 535
216
After tax
-935
-935
-935
384
Living cost
435
435
435
435
Free-cash
-1 370
-1 370
-1 370
-51

Estimated living cost  is £435 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
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
£107
£206
£128
£262
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
-
-
-
600
health
-
-
-
78
pensions
-
-
-
120
income
-
-
-
77
total
-
-
-
275
Employee
256
-
448
-
unemployment
4
-
7
-
income
29
-
86
-
pensions
5
-
9
-
total
38
-
102
-
Employer
256
-
448
-
pensions
51
-
90
-
health
33
-
58
-
unemployment
2
-
4
-
total
86
-
152
-
Corporate
258
600
-
-
income
52
120
-
-
total
52
120
-
-
Dividends
206
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
176
120
254
275
After tax
424
480
346
325
Living cost
218
218
218
218
Free-cash
206
262
128
107

Estimated living cost  is £218 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
£108
£25
£20
£65
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

-
-
-
600
national
-
-
-
34
health
-
-
-
5
municipal
-
-
-
107
total
-
-
-
146
Employee
474
-
505
-
unemployment
7
-
8
-
municipal
78
-
83
-
national
8
-
10
-
pensions
32
-
34
-
health
4
-
4
-
total
129
-
139
-
Employer
474
-
505
-
pensions
82
-
88
-
health
4
-
4
-
accident
-
-
-
-
unemployment
3
-
3
-
total
89
-
95
-
Corporate
36
600
-
-
income
7
120
-
-
total
7
120
-
-
Dividends

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

22
360
-
-
municipal
4
65
-
-
national
-
4
-
-
total
4
69
-
-
Income
600
600
600
600
Total tax
229
189
234
146
After tax
371
411
366
454
Living cost
346
346
346
346
Free-cash
25
65
20
108

Estimated living cost  is £346 per week

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

Additional information

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

Marseille , France
£80
£74
£83
£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
170
social contributions
-
-
-
17
income
-
-
-
31
other
-
-
-
19
total
-
-
-
242
Employee
344
-
457
-
income
18
-
31
-
surtax
-
-
-
-
social contributions
10
-
13
-
pensions
39
-
52
-
total
67
-
96
-
Employer
344
-
457
-
pensions
57
-
75
-
social contributions
1
-
1
-
other
12
-
16
-
health
24
-
32
-
unemployment
14
-
19
-
total
108
-
143
-
Corporate
148
600
-
-
income
41
168
-
-
surtax
-
-
-
-
total
41
168
-
-
Dividends
107
432
-
-
withholding
14
55
-
-
social contributions
18
74
-
-
surtax
-
-
-
-
total
32
129
-
-
Income
600
600
600
600
Total tax
248
297
239
242
After tax
352
303
361
358
Living cost
278
278
278
278
Free-cash
74
25
83
80

Estimated living cost  is £278 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£50
£47
£53
-£5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
170
social contributions
-
-
-
17
income
-
-
-
31
other
-
-
-
19
total
-
-
-
242
Employee
386
-
457
-
income
23
-
31
-
surtax
-
-
-
-
social contributions
11
-
13
-
pensions
44
-
52
-
total
78
-
96
-
Employer
386
-
457
-
pensions
63
-
75
-
social contributions
1
-
1
-
other
13
-
16
-
health
27
-
32
-
unemployment
16
-
19
-
total
120
-
143
-
Corporate
94
600
-
-
income
26
168
-
-
surtax
-
-
-
-
total
26
168
-
-
Dividends
67
432
-
-
withholding
9
55
-
-
social contributions
12
74
-
-
surtax
-
-
-
-
total
21
129
-
-
Income
600
600
600
600
Total tax
245
297
239
242
After tax
355
303
361
358
Living cost
308
308
308
308
Free-cash
47
-5
53
50

Estimated living cost  is £308 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-£77
-£141
-£74
-£132
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
170
social contributions
-
-
-
17
income
-
-
-
31
other
-
-
-
19
total
-
-
-
242
Employee
565
-
457
-
income
49
-
31
-
surtax
-
-
-
-
social contributions
16
-
13
-
pensions
64
-
52
-
total
129
-
96
-
Employer
565
-
457
-
pensions
93
-
75
-
social contributions
2
-
1
-
other
19
-
16
-
health
40
-
32
-
unemployment
23
-
19
-
total
177
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
306
297
239
242
After tax
294
303
361
358
Living cost
435
435
435
435
Free-cash
-141
-132
-74
-77

Estimated living cost  is £435 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£536
£502
£422
£512
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%.

-
-
-
600
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
72
-
600
-
income
14
-
120
-
total
14
-
120
-
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%.

528
600
-
-
total
-
-
-
-
Dividends
528
600
-
-
withholding
26
30
-
-
total
26
30
-
-
Income
600
600
600
600
Total tax
40
30
120
6
After tax
560
570
480
594
Living cost
58
58
58
58
Free-cash
502
512
422
536

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
£504
£463
£390
£480
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%.

-
-
-
600
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
113
-
600
-
income
23
-
120
-
total
23
-
120
-
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%.

487
600
-
-
total
-
-
-
-
Dividends
487
600
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
600
600
600
600
Total tax
47
30
120
6
After tax
553
570
480
594
Living cost
90
90
90
90
Free-cash
463
480
390
504

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
£78
£79
£104
-£38
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.

-
-
-
600
surtax

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

-
-
-
4
health

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

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

-
-
-
62
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.

-
-
-
82
trade
-
-
-
26
total
-
-
-
174
Employee

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

449
-
600
-
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
-
82
-
surtax

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

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.

62
-
62
-
total
101
-
148
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
151
600
-
-
trade
22
86
-
-
income
23
90
-
-
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
48
183
-
-
Dividends
104
417
-
-
withholding
23
101
-
-
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
6
-
-
total
24
107
-
-
Income
600
600
600
600
Total tax
173
290
148
174
After tax
427
310
452
426
Living cost
348
348
348
348
Free-cash
79
-38
104
78

Estimated living cost  is £348 per week

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

Additional information

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

Dresden , Germany
£151
£130
£179
£31
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
surtax

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

-
-
-
4
health

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

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

-
-
-
62
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.

-
-
-
82
trade
-
-
-
28
total
-
-
-
176
Employee

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

345
-
600
-
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
-
82
-
surtax

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

1
-
4
-
health

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

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

62
-
62
-
total
73
-
148
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
255
600
-
-
trade
40
95
-
-
income
38
90
-
-
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
82
192
-
-
Dividends
173
408
-
-
withholding
40
99
-
-
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
42
104
-
-
Income
600
600
600
600
Total tax
197
296
148
176
After tax
403
304
452
424
Living cost
273
273
273
273
Free-cash
130
31
179
151

Estimated living cost  is £273 per week

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

Additional information

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

Hamburg , Germany
£68
£75
£98
-£53
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.

-
-
-
600
surtax

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

-
-
-
4
health

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

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

-
-
-
62
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.

-
-
-
82
trade
-
-
-
30
total
-
-
-
178
Employee

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

457
-
600
-
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
-
82
-
surtax

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

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.

62
-
62
-
total
103
-
148
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
143
600
-
-
trade
23
99
-
-
income
21
90
-
-
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
47
196
-
-
Dividends
95
404
-
-
withholding
20
98
-
-
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
21
103
-
-
Income
600
600
600
600
Total tax
171
299
148
178
After tax
429
301
452
422
Living cost
354
354
354
354
Free-cash
75
-53
98
68

Estimated living cost  is £354 per week

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

Additional information

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

Munich , Germany
£8
£31
£39
-£115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
surtax

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

-
-
-
4
health

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

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

-
-
-
62
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.

-
-
-
82
trade
-
-
-
31
total
-
-
-
179
Employee

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

542
-
600
-
income

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

64
-
82
-
surtax

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

4
-
4
-
health

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

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

62
-
62
-
total
130
-
148
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58
600
-
-
trade
10
103
-
-
income
9
90
-
-
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
20
200
-
-
Dividends
38
400
-
-
withholding
6
97
-
-
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
6
102
-
-
Income
600
600
600
600
Total tax
156
302
148
179
After tax
444
298
452
421
Living cost
413
413
413
413
Free-cash
31
-115
39
8

Estimated living cost  is £413 per week

£302
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
£129
£146
£115
£174
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
-
-
-
600
surtax
-
-
-
8
unemployment
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
95
other
-
-
-
-
total
-
-
-
268
Employee
304
-
496
-
unemployment
21
-
34
-
other
-
-
-
-
income
51
-
90
-
surtax
1
-
7
-
pensions
20
-
33
-
health
8
-
13
-
total
101
-
177
-
Employer
304
-
496
-
pensions
40
-
66
-
other
-
-
-
-
health
14
-
23
-
unemployment
10
-
16
-
total
64
-
105
-
Corporate
232
600
-
-
income
60
156
-
-
total
60
156
-
-
Dividends
172
444
-
-
withholding
26
67
-
-
total
26
67
-
-
Income
600
600
600
600
Total tax
251
223
282
268
After tax
349
377
318
332
Living cost
203
203
203
203
Free-cash
146
174
115
129

Estimated living cost  is £203 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
£133
£149
£119
£178
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
-
-
-
600
surtax
-
-
-
8
unemployment
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
95
other
-
-
-
-
total
-
-
-
268
Employee
298
-
496
-
unemployment
21
-
34
-
other
-
-
-
-
income
50
-
90
-
surtax
1
-
7
-
pensions
20
-
33
-
health
8
-
13
-
total
100
-
177
-
Employer
298
-
496
-
pensions
40
-
66
-
other
-
-
-
-
health
14
-
23
-
unemployment
9
-
16
-
total
63
-
105
-
Corporate
239
600
-
-
income
62
156
-
-
total
62
156
-
-
Dividends
177
444
-
-
withholding
27
67
-
-
total
27
67
-
-
Income
600
600
600
600
Total tax
252
223
282
268
After tax
348
377
318
332
Living cost
199
199
199
199
Free-cash
149
178
119
133

Estimated living cost  is £199 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£236
£163
£168
£160
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
-
-
-
600
unemployment
-
-
-
9
health
-
-
-
42
pensions
-
-
-
60
income
-
-
-
73
total
-
-
-
184
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
502
-
unemployment
4
2
8
-
income
32
13
61
-
pensions
26
10
50
-
health
18
7
35
-
total
80
32
154
-
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
502
-
pensions
51
20
98
-
total
51
20
98
-
Corporate
290
477
-
-
income
26
43
-
-
total
26
43
-
-
Dividends
264
434
-
-
withholding
50
82
-
-
social contributions
50
83
-
-
total
100
165
-
-
Income
600
600
600
600
Total tax
257
260
252
184
After tax
343
340
348
416
Living cost
180
180
180
180
Free-cash
163
160
168
236

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
-£65
-£136
-£61
-£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
-
-
-
600
national
-
-
-
92
pensions
-
-
-
72
social contributions
-
-
-
6
municipal
-
-
-
59
total
-
-
-
229
Employee
675
-
519
-
municipal
83
-
62
-
national
129
-
95
-
pensions
27
-
21
-
total
239
-
178
-
Employer
675
-
519
-
pensions
54
-
41
-
social contributions
7
-
6
-
total
61
-
47
-
Corporate
-
600
-
-
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%.

-
120
-
-
total
-
120
-
-
Dividends
-
480
-
-
withholding
-
106
-
-
total
-
106
-
-
Income
600
600
600
600
Total tax
300
226
225
229
After tax
300
374
375
371
Living cost
436
436
436
436
Free-cash
-136
-62
-61
-65

Estimated living cost  is £436 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-£53
-£106
-£53
-£94
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
-
-
-
600
social contributions
-
-
-
47
income
-
-
-
92
total
-
-
-
139
Employee
705
-
600
-
social contributions
59
-
47
-
income
133
-
92
-
total
192
-
139
-
Employer
705
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
192
180
139
139
After tax
408
420
461
461
Living cost
514
514
514
514
Free-cash
-106
-94
-53
-53

Estimated living cost  is £514 per week

£391
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
-£54
-£201
-£87
-£59
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
national
-
-
-
110
regional
-
-
-
6
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
274
Employee
801
-
600
-
municipal
4
-
3
-
national
139
-
97
-
social contributions
270
-
202
-
regional
8
-
5
-
total
421
-
307
-
Employer
801
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
421
279
307
274
After tax
179
321
293
326
Living cost
380
380
380
380
Free-cash
-201
-59
-87
-54

Estimated living cost  is £380 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
£80
£52
£47
£72
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
-
-
-
600
national
-
-
-
110
regional
-
-
-
9
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
277
Employee
500
-
600
-
municipal
3
-
3
-
national
79
-
97
-
social contributions
169
-
202
-
regional
7
-
8
-
total
258
-
310
-
Employer
500
-
600
-
total
-
-
-
-
Corporate
100
600
-
-
nationa
24
144
-
-
municipal
5
30
-
-
total
29
174
-
-
Dividends
71
426
-
-
withholding
18
111
-
-
total
18
111
-
-
Income
600
600
600
600
Total tax
305
285
310
277
After tax
295
315
290
323
Living cost
243
243
243
243
Free-cash
52
72
47
80

Estimated living cost  is £243 per week

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