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
£283
£223
£207
£254
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
-
-
-
4
total
-
-
-
136
Employee
275
-
519
-
social contributions
18
-
34
-
income
-
-
5
-
total
18
-
39
-
Employer
275
-
519
-
social contributions
43
-
81
-
total
43
-
81
-
Corporate
282
600
-
-
income
28
60
-
-
total
28
60
-
-
Dividends
254
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
89
60
120
136
After tax
511
540
480
464
Living cost
257
257
257
257
Free-cash
254
283
223
207

Estimated living cost  is £257 per week

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

Additional information

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

Graz , Austria
£71
-£60
£52
£67
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
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
46
pensions
-
-
-
111
income
-
-
-
63
surtax
-
-
-
-
total
-
-
-
275
Employee
374
341
466
-
health
14
13
18
-
pensions
38
35
48
-
other
4
3
5
-
unemployment
11
10
14
-
income
33
25
60
-
total
100
86
145
-
Employer
374
341
466
-
pensions
47
43
58
-
accident
5
4
6
-
unemployment
11
10
14
-
surtax
-
-
-
-
payroll
11
10
14
-
chamber of commerce
1
1
2
-
health
14
13
18
-
other
18
16
22
-
total
107
97
134
-
Corporate
118
160
433
-
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.

29
40
108
-
total
29
40
108
-
Dividends
88
120
-
-
withholding
24
33
-
-
total
24
33
-
-
Income
600
600
600
600
Total tax
260
256
387
275
After tax
340
344
213
325
Living cost
273
273
273
273
Free-cash
67
71
-60
52

Estimated living cost  is £273 per week

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

Additional information

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

Vienna , Austria
£40
-£90
£21
£23
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
chamber of commerce
-
-
-
2
unemployment
-
-
-
53
health
-
-
-
46
pensions
-
-
-
111
income
-
-
-
63
surtax
-
-
-
2
total
-
-
-
277
Employee
428
341
465
-
health
17
13
18
-
pensions
44
35
48
-
other
4
3
5
-
unemployment
13
10
14
-
income
49
25
59
-
total
127
86
144
-
Employer
428
341
465
-
pensions
54
43
58
-
accident
6
4
6
-
unemployment
13
10
14
-
surtax
2
2
2
-
payroll
13
10
14
-
chamber of commerce
2
1
2
-
health
16
13
18
-
other
20
16
22
-
total
126
99
136
-
Corporate
47
159
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.

12
40
108
-
total
12
40
108
-
Dividends
35
119
-
-
withholding
10
33
-
-
total
10
33
-
-
Income
600
600
600
600
Total tax
275
258
388
277
After tax
325
342
212
323
Living cost
302
302
302
302
Free-cash
23
40
-90
21

Estimated living cost  is £302 per week

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

Additional information

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

Brussels , Belgium
£26
-£63
-£6
-£190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
80
communal

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

-
-
-
31
national
-
-
-
183
total
-
-
-
294
Employee

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

613
-
465
-
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
-
22
-
pensions

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

46
-
35
-
communal

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

32
-
24
-
national
188
-
130
-
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
300
-
215
-
Employer

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

613
-
465
-
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
-
surtax
69
-
53
-
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
-
29
-
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
-
41
-
total
178
-
136
-
Corporate
-
600
-
-
surtax
-
2
-
-
income
-
120
-
-
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
478
262
351
294
After tax
122
338
249
306
Living cost
312
312
312
312
Free-cash
-190
26
-63
-6

Estimated living cost  is £312 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£366
£297
£284
£315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
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
-
-
-
90
total
-
-
-
169
Employee
195
-
541
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
19
-
54
-
total
47
-
97
-
Employer
195
-
541
-
accident

We are using the highest rate at 1.1%.

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

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

21
-
33
-
total
37
-
59
-
Corporate
367
600
-
-
income
37
60
-
-
total
37
60
-
-
Dividends
330
540
-
-
withholding
17
27
-
-
total
17
27
-
-
Income
600
600
600
600
Total tax
138
87
156
169
After tax
462
513
444
431
Living cost
147
147
147
147
Free-cash
315
366
297
284

Estimated living cost  is £147 per week

£97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£401
£332
£319
£361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
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
-
-
-
90
total
-
-
-
169
Employee
148
-
541
-
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
-
54
-
total
37
-
97
-
Employer
148
-
541
-
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
422
600
-
-
income
42
60
-
-
total
42
60
-
-
Dividends
380
540
-
-
withholding
19
27
-
-
total
19
27
-
-
Income
600
600
600
600
Total tax
127
87
156
169
After tax
473
513
444
431
Living cost
112
112
112
112
Free-cash
361
401
332
319

Estimated living cost  is £112 per week

£65
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
£208
£229
£256
£195
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
-
-
-
94
health
-
-
-
15
income
-
-
-
37
total
-
-
-
146
Employee
659
659
659
-
health
5
11
9
-
social contributions
25
55
45
-
income
72
61
64
-
total
102
127
118
-
Employer
659
659
659
-
social contributions
25
55
45
-
health
6
12
10
-
total
31
67
55
-
Corporate
270
-
-
-
income
34
-
-
-
total
34
-
-
-
Dividends
236
-
-
-
withholding
40
-
-
-
total
40
-
-
-
Income
600
600
600
600
Total tax
207
194
173
146
After tax
393
406
427
454
Living cost
198
198
198
198
Free-cash
195
208
229
256

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£128
£149
£176
£127
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
-
-
-
94
health
-
-
-
15
income
-
-
-
37
total
-
-
-
146
Employee
659
659
659
-
health
7
11
9
-
social contributions
32
55
45
-
income
69
61
64
-
total
108
127
118
-
Employer
659
659
659
-
social contributions
32
55
45
-
health
7
12
10
-
total
39
67
55
-
Corporate
175
-
-
-
income
22
-
-
-
total
22
-
-
-
Dividends
153
-
-
-
withholding
26
-
-
-
total
26
-
-
-
Income
600
600
600
600
Total tax
195
194
173
146
After tax
405
406
427
454
Living cost
278
278
278
278
Free-cash
127
128
149
176

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
£212
£104
£91
£139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
175
health
-
-
-
81
solidarity contribution
-
-
-
-
income
-
-
-
52
total
-
-
-
308
Employee
296
-
448
-
health
40
-
60
-
social contributions
19
-
29
-
solidarity contribution
-
-
-
-
income
36
-
54
-
total
95
-
143
-
Employer
296
-
448
-
social contributions
74
-
112
-
health
27
-
40
-
total
101
-
152
-
Corporate
203
600
-
-
income
39
114
-
-
total
39
114
-
-
Dividends
165
486
-
-
withholding
25
73
-
-
total
25
73
-
-
Income
600
600
600
600
Total tax
260
187
295
308
After tax
340
413
305
292
Living cost
201
201
201
201
Free-cash
139
212
104
91

Estimated living cost  is £201 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£165
£57
£44
£76
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
175
health
-
-
-
81
solidarity contribution
-
-
-
-
income
-
-
-
52
total
-
-
-
308
Employee
365
-
448
-
health
49
-
60
-
social contributions
24
-
29
-
solidarity contribution
-
-
-
-
income
44
-
54
-
total
117
-
143
-
Employer
365
-
448
-
social contributions
91
-
112
-
health
33
-
40
-
total
124
-
152
-
Corporate
111
600
-
-
income
21
114
-
-
total
21
114
-
-
Dividends
90
486
-
-
withholding
14
73
-
-
total
14
73
-
-
Income
600
600
600
600
Total tax
276
187
295
308
After tax
324
413
305
292
Living cost
248
248
248
248
Free-cash
76
165
57
44

Estimated living cost  is £248 per week

£184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-£1272
-£1272
-£31
-£1272
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
labour market
-
-
-
47
municipal
-
-
-
103
pensions
-
-
-
7
national
-
-
-
60
total
-
-
-
217
Employee
1 746
1 746
1 746
-
municipal
372
372
372
-
pensions
2
2
2
-
national
213
213
213
-
labour market
140
140
140
-
total
727
727
727
-
Employer
1 746
1 746
1 746
-
labour market
140
140
140
-
national
214
214
214
-
municipal
372
372
372
-
pensions
5
5
5
-
total
731
731
731
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
1 458
1 458
1 458
217
After tax
-858
-858
-858
383
Living cost
414
414
414
414
Free-cash
-1 272
-1 272
-1 272
-31

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
£273
£139
£115
£219
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
-
-
-
80
total
-
-
-
278
Employee
243
-
448
-
pensions
5
-
9
-
unemployment
4
-
7
-
income
27
-
86
-
total
36
-
102
-
Employer
243
-
448
-
pensions
49
-
90
-
unemployment
2
-
4
-
health
32
-
58
-
total
83
-
152
-
Corporate
275
600
-
-
income
55
120
-
-
total
55
120
-
-
Dividends
220
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
174
120
254
278
After tax
426
480
346
322
Living cost
207
207
207
207
Free-cash
219
273
139
115

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
£82
£32
£121
£46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
6
municipal
-
-
-
107
national
-
-
-
37
total
-
-
-
150
Employee
451
-
505
-
health
3
-
4
-
municipal
74
-
83
-
pensions
30
-
34
-
national
7
-
14
-
unemployment
7
-
8
-
total
121
-
143
-
Employer
451
-
505
-
accident
-
-
1
-
unemployment
3
-
3
-
health
3
-
4
-
pensions
78
-
88
-
total
84
-
96
-
Corporate
64
600
-
-
income
13
120
-
-
total
13
120
-
-
Dividends

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

39
360
-
-
municipal
7
65
-
-
national
-
4
-
-
total
7
69
-
-
Income
600
600
600
600
Total tax
225
189
239
150
After tax
375
411
361
450
Living cost
329
329
329
329
Free-cash
46
82
32
121

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
£39
£95
£93
£86
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
-
-
-
17
health
-
-
-
5
pensions
-
-
-
170
other
-
-
-
19
income
-
-
-
32
surtax
-
-
-
-
total
-
-
-
243
Employee
327
-
457
-
income
17
-
33
-
social contributions
9
-
13
-
pensions
37
-
52
-
surtax
-
-
-
-
total
63
-
98
-
Employer
327
-
457
-
pensions
54
-
75
-
social contributions
1
-
1
-
unemployment
13
-
19
-
health
23
-
32
-
other
11
-
16
-
total
102
-
143
-
Corporate
171
600
-
-
surtax
-
-
-
-
income
48
168
-
-
total
48
168
-
-
Dividends
123
432
-
-
surtax
-
-
-
-
withholding
16
55
-
-
social contributions
21
74
-
-
total
37
129
-
-
Income
600
600
600
600
Total tax
250
297
241
243
After tax
350
303
359
357
Living cost
264
264
264
264
Free-cash
86
39
95
93

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
£10
£66
£64
£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
-
-
-
600
social contributions
-
-
-
17
health
-
-
-
5
pensions
-
-
-
170
other
-
-
-
19
income
-
-
-
32
surtax
-
-
-
-
total
-
-
-
243
Employee
367
-
457
-
income
22
-
33
-
social contributions
10
-
13
-
pensions
41
-
52
-
surtax
-
-
-
-
total
73
-
98
-
Employer
367
-
457
-
pensions
60
-
75
-
social contributions
1
-
1
-
unemployment
15
-
19
-
health
26
-
32
-
other
13
-
16
-
total
115
-
143
-
Corporate
119
600
-
-
surtax
-
-
-
-
income
33
168
-
-
total
33
168
-
-
Dividends
86
432
-
-
surtax
-
-
-
-
withholding
11
55
-
-
social contributions
15
74
-
-
total
26
129
-
-
Income
600
600
600
600
Total tax
247
297
241
243
After tax
353
303
359
357
Living cost
293
293
293
293
Free-cash
60
10
66
64

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-£111
-£55
-£57
-£106
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
-
-
-
17
health
-
-
-
5
pensions
-
-
-
170
other
-
-
-
19
income
-
-
-
32
surtax
-
-
-
-
total
-
-
-
243
Employee
536
-
457
-
income
47
-
33
-
social contributions
15
-
13
-
pensions
61
-
52
-
surtax
-
-
-
-
total
123
-
98
-
Employer
536
-
457
-
pensions
88
-
75
-
social contributions
2
-
1
-
unemployment
22
-
19
-
health
38
-
32
-
other
19
-
16
-
total
169
-
143
-
Corporate
-
600
-
-
surtax
-
-
-
-
income
-
168
-
-
total
-
168
-
-
Dividends
-
432
-
-
surtax
-
-
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
292
297
241
243
After tax
308
303
359
357
Living cost
414
414
414
414
Free-cash
-106
-111
-55
-57

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
£510
£420
£534
£499
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
75
-
600
-
income
15
-
120
-
total
15
-
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%.

525
600
-
-
total
-
-
-
-
Dividends
525
600
-
-
withholding
26
30
-
-
total
26
30
-
-
Income
600
600
600
600
Total tax
41
30
120
6
After tax
559
570
480
594
Living cost
60
60
60
60
Free-cash
499
510
420
534

Estimated living cost  is £60 per week

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

Additional information

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

Tbilisi , Georgia
£476
£386
£500
£458
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
118
-
600
-
income
24
-
120
-
total
24
-
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%.

482
600
-
-
total
-
-
-
-
Dividends
482
600
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
600
600
600
600
Total tax
48
30
120
6
After tax
552
570
480
594
Living cost
94
94
94
94
Free-cash
458
476
386
500

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
-£21
£118
£89
£91
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
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
-
-
-
29
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.

-
-
-
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.

-
-
-
5
total
-
-
-
180
Employee

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

426
-
600
-
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
-
5
-
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
-
87
-
total
96
-
151
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
174
600
-
-
trade
25
86
-
-
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
2
2
-
-
income
26
90
-
-
total
54
183
-
-
Dividends
120
417
-
-
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
-
-
withholding
27
101
-
-
total
28
107
-
-
Income
600
600
600
600
Total tax
178
290
151
180
After tax
422
310
449
420
Living cost
331
331
331
331
Free-cash
91
-21
118
89

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
£45
£190
£158
£139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
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
-
-
-
32
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.

-
-
-
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.

-
-
-
5
total
-
-
-
183
Employee

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

328
-
600
-
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
-
5
-
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
-
87
-
total
69
-
151
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
272
600
-
-
trade
43
95
-
-
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
41
90
-
-
total
88
192
-
-
Dividends
185
408
-
-
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
43
99
-
-
total
45
104
-
-
Income
600
600
600
600
Total tax
202
296
151
183
After tax
398
304
449
417
Living cost
259
259
259
259
Free-cash
139
45
190
158

Estimated living cost  is £259 per week

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

Additional information

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

Hamburg , Germany
-£35
£113
£80
£86
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
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
-
-
-
33
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.

-
-
-
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.

-
-
-
5
total
-
-
-
184
Employee

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

434
-
600
-
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
-
5
-
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
-
87
-
total
98
-
151
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
166
600
-
-
trade
27
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.

1
5
-
-
chamber of commerce
2
2
-
-
income
25
90
-
-
total
55
196
-
-
Dividends
111
404
-
-
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
24
98
-
-
total
25
103
-
-
Income
600
600
600
600
Total tax
178
299
151
184
After tax
422
301
449
416
Living cost
336
336
336
336
Free-cash
86
-35
113
80

Estimated living cost  is £336 per week

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

Additional information

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

Munich , Germany
-£94
£57
£22
£43
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
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
-
-
-
35
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.

-
-
-
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.

-
-
-
5
total
-
-
-
186
Employee

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

515
-
600
-
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
-
5
-
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
-
87
-
total
123
-
151
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
85
600
-
-
trade
15
103
-
-
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
13
90
-
-
total
30
200
-
-
Dividends
56
400
-
-
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
11
97
-
-
total
12
102
-
-
Income
600
600
600
600
Total tax
165
302
151
186
After tax
435
298
449
414
Living cost
392
392
392
392
Free-cash
43
-94
57
22

Estimated living cost  is £392 per week

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

Additional information

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

Athens , Greece
£185
£125
£138
£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
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
other
-
-
-
-
income
-
-
-
97
surtax
-
-
-
8
total
-
-
-
270
Employee
288
-
496
-
health
7
-
13
-
pensions
19
-
33
-
surtax
1
-
7
-
other
-
-
-
-
unemployment
20
-
34
-
income
48
-
91
-
total
95
-
178
-
Employer
288
-
496
-
pensions
38
-
66
-
unemployment
9
-
16
-
health
13
-
23
-
other
-
-
-
-
total
60
-
105
-
Corporate
251
600
-
-
income
65
156
-
-
total
65
156
-
-
Dividends
186
444
-
-
withholding
28
67
-
-
total
28
67
-
-
Income
600
600
600
600
Total tax
248
223
283
270
After tax
352
377
317
330
Living cost
192
192
192
192
Free-cash
160
185
125
138

Estimated living cost  is £192 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
£188
£128
£141
£161
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
-
-
-
2
health
-
-
-
43
pensions
-
-
-
120
other
-
-
-
-
income
-
-
-
97
surtax
-
-
-
8
total
-
-
-
270
Employee
283
-
496
-
health
7
-
13
-
pensions
19
-
33
-
surtax
1
-
7
-
other
-
-
-
-
unemployment
20
-
34
-
income
47
-
91
-
total
94
-
178
-
Employer
283
-
496
-
pensions
38
-
66
-
unemployment
9
-
16
-
health
13
-
23
-
other
-
-
-
-
total
60
-
105
-
Corporate
257
600
-
-
income
67
156
-
-
total
67
156
-
-
Dividends
190
444
-
-
withholding
29
67
-
-
total
29
67
-
-
Income
600
600
600
600
Total tax
250
223
283
270
After tax
350
377
317
330
Living cost
189
189
189
189
Free-cash
161
188
128
141

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
£168
£178
£246
£173
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.

245
97
502
-
health
17
7
35
-
pensions
24
10
50
-
unemployment
4
1
8
-
income
30
12
61
-
total
75
30
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.

245
97
502
-
pensions
48
19
98
-
total
48
19
98
-
Corporate
308
484
-
-
income
28
44
-
-
total
28
44
-
-
Dividends
280
440
-
-
withholding
53
84
-
-
social contributions
53
85
-
-
total
106
169
-
-
Income
600
600
600
600
Total tax
257
262
252
184
After tax
343
338
348
416
Living cost
170
170
170
170
Free-cash
173
168
178
246

Estimated living cost  is £170 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-£60
-£59
-£63
-£134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
6
municipal
-
-
-
59
pensions
-
-
-
72
national
-
-
-
92
total
-
-
-
229
Employee
672
-
519
-
municipal
83
-
62
-
pensions
27
-
21
-
national
129
-
95
-
total
239
-
178
-
Employer
672
-
519
-
social contributions
7
-
6
-
pensions
54
-
41
-
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
434
434
434
434
Free-cash
-134
-60
-59
-63

Estimated living cost  is £434 per week

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

Additional information

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

Dublin , Ireland
-£68
-£34
-£34
-£70
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
-
-
-
48
income
-
-
-
98
total
-
-
-
146
Employee
670
-
600
-
social contributions
56
-
48
-
income
126
-
98
-
total
182
-
146
-
Employer
670
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
182
180
146
146
After tax
418
420
454
454
Living cost
488
488
488
488
Free-cash
-70
-68
-34
-34

Estimated living cost  is £488 per week

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

Additional information

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

Milan , Italy
-£40
-£69
-£36
-£161
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
regional
-
-
-
6
social contributions
-
-
-
154
municipal
-
-
-
4
national
-
-
-
111
total
-
-
-
275
Employee
761
-
600
-
regional
7
-
5
-
municipal
4
-
3
-
social contributions
257
-
202
-
national
132
-
98
-
total
400
-
308
-
Employer
761
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
400
279
308
275
After tax
200
321
292
325
Living cost
361
361
361
361
Free-cash
-161
-40
-69
-36

Estimated living cost  is £361 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
£84
£58
£91
£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
-
-
-
600
regional
-
-
-
9
social contributions
-
-
-
154
municipal
-
-
-
4
national
-
-
-
111
total
-
-
-
278
Employee
475
-
600
-
regional
6
-
8
-
municipal
3
-
3
-
social contributions
160
-
202
-
national
75
-
98
-
total
244
-
311
-
Employer
475
-
600
-
total
-
-
-
-
Corporate
125
600
-
-
nationa
30
144
-
-
municipal
6
30
-
-
total
36
174
-
-
Dividends
89
426
-
-
withholding
23
111
-
-
total
23
111
-
-
Income
600
600
600
600
Total tax
303
285
311
278
After tax
297
315
289
322
Living cost
231
231
231
231
Free-cash
66
84
58
91

Estimated living cost  is £231 per week

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