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
£ 650
per

Your estimated
City
free-cash

Andorra , Andorra
£231
£283
£249
£314
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
-
-
-
650
social contributions
-
-
-
143
income
-
-
-
5
total
-
-
-
148
Employee
290
-
563
-
social contributions
19
-
37
-
income
-
-
6
-
total
19
-
43
-
Employer
290
-
563
-
social contributions
45
-
87
-
total
45
-
87
-
Corporate
315
650
-
-
income
32
65
-
-
total
32
65
-
-
Dividends
284
585
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
96
65
130
148
After tax
554
585
520
502
Living cost
271
271
271
271
Free-cash
283
314
249
231

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
£64
£78
-£59
£81
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
-
-
-
650
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
71
total
-
-
-
299
Employee
394
359
505
-
unemployment
12
11
15
-
other
4
4
5
-
income
35
26
67
-
pensions
40
37
52
-
health
15
14
20
-
total
106
92
159
-
Employer
394
359
505
-
pensions
49
45
63
-
surtax
-
-
-
-
payroll
12
11
15
-
other
19
17
24
-
health
15
14
19
-
accident
5
5
7
-
unemployment
12
11
15
-
chamber of commerce
2
1
2
-
total
114
104
145
-
Corporate
143
188
471
-
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.

36
47
118
-
total
36
47
118
-
Dividends
107
141
-
-
withholding
29
39
-
-
total
29
39
-
-
Income
650
650
650
650
Total tax
285
282
422
299
After tax
365
368
228
351
Living cost
287
287
287
287
Free-cash
78
81
-59
64

Estimated living cost  is £287 per week

£172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
£32
£38
-£89
£51
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
-
-
-
650
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
71
total
-
-
-
301
Employee
450
359
503
-
unemployment
14
11
15
-
other
4
4
5
-
income
51
26
67
-
pensions
46
37
52
-
health
17
14
19
-
total
132
92
158
-
Employer
450
359
503
-
pensions
56
45
63
-
surtax
2
2
2
-
payroll
14
11
15
-
other
21
17
24
-
health
17
14
19
-
accident
6
5
7
-
unemployment
14
11
15
-
chamber of commerce
2
1
2
-
total
132
106
147
-
Corporate
68
186
469
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

17
46
117
-
total
17
46
117
-
Dividends
51
139
-
-
withholding
14
38
-
-
total
14
38
-
-
Income
650
650
650
650
Total tax
295
282
422
301
After tax
355
368
228
349
Living cost
317
317
317
317
Free-cash
38
51
-89
32

Estimated living cost  is £317 per week

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

Additional information

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

Brussels , Belgium
£1
-£181
-£60
£37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
national
-
-
-
199
communal

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

-
-
-
34
social contributions
-
-
-
88
total
-
-
-
321
Employee

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

644
-
503
-
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
-
143
-
communal

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

34
-
26
-
pensions

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

48
-
38
-
health

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

30
-
24
-
total
316
-
235
-
Employer

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

644
-
503
-
surtax
73
-
57
-
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
-
45
-
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
-
31
-
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
-
7
-
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
-
147
-
Corporate
-
650
-
-
income
-
130
-
-
surtax
-
3
-
-
total
-
133
-
-
Dividends
-
517
-
-
withholding

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

-
152
-
-
total
-
152
-
-
Income
650
650
650
650
Total tax
503
285
382
321
After tax
147
365
268
329
Living cost
328
328
328
328
Free-cash
-181
37
-60
1

Estimated living cost  is £328 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£313
£347
£329
£401
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
-
-
-
650
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
-
-
-
98
total
-
-
-
182
Employee
205
-
588
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
59
-
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
-
104
-
Employer
205
-
588
-
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
404
650
-
-
income
40
65
-
-
total
40
65
-
-
Dividends
364
585
-
-
withholding
18
29
-
-
total
18
29
-
-
Income
650
650
650
650
Total tax
148
94
166
182
After tax
502
556
484
468
Living cost
155
155
155
155
Free-cash
347
401
329
313

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
£350
£395
£366
£438
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
-
-
-
650
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
-
-
-
98
total
-
-
-
182
Employee
157
-
588
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
59
-
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
-
104
-
Employer
157
-
588
-
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
463
650
-
-
income
46
65
-
-
total
46
65
-
-
Dividends
416
585
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
650
650
650
650
Total tax
137
94
166
182
After tax
513
556
484
468
Living cost
118
118
118
118
Free-cash
395
438
366
350

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
£281
£220
£255
£238
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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
42
total
-
-
-
160
Employee
693
693
693
-
income
75
64
67
-
social contributions
26
57
49
-
health
5
12
10
-
total
106
133
126
-
Employer
693
693
693
-
social contributions
26
57
49
-
health
6
13
11
-
total
32
70
60
-
Corporate
302
-
-
-
income
38
-
-
-
total
38
-
-
-
Dividends
265
-
-
-
withholding
45
-
-
-
total
45
-
-
-
Income
650
650
650
650
Total tax
221
203
186
160
After tax
429
447
464
490
Living cost
209
209
209
209
Free-cash
220
238
255
281

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£198
£147
£172
£155
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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
42
total
-
-
-
160
Employee
693
693
693
-
income
73
64
67
-
social contributions
34
57
49
-
health
7
12
10
-
total
114
133
126
-
Employer
693
693
693
-
social contributions
34
57
49
-
health
8
13
11
-
total
42
70
60
-
Corporate
203
-
-
-
income
25
-
-
-
total
25
-
-
-
Dividends
178
-
-
-
withholding
30
-
-
-
total
30
-
-
-
Income
650
650
650
650
Total tax
211
203
186
160
After tax
439
447
464
490
Living cost
292
292
292
292
Free-cash
147
155
172
198

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
£108
£165
£122
£239
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
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
306
-
485
-
income
37
-
58
-
social contributions
20
-
32
-
health
41
-
65
-
solidarity contribution
-
-
-
-
total
98
-
155
-
Employer
306
-
485
-
social contributions
76
-
121
-
health
28
-
44
-
total
104
-
165
-
Corporate
240
650
-
-
income
46
124
-
-
total
46
124
-
-
Dividends
194
526
-
-
withholding
29
79
-
-
total
29
79
-
-
Income
650
650
650
650
Total tax
277
203
320
334
After tax
373
447
330
316
Living cost
208
208
208
208
Free-cash
165
239
122
108

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
£60
£100
£74
£191
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
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
377
-
485
-
income
45
-
58
-
social contributions
24
-
32
-
health
51
-
65
-
solidarity contribution
-
-
-
-
total
120
-
155
-
Employer
377
-
485
-
social contributions
94
-
121
-
health
34
-
44
-
total
128
-
165
-
Corporate
145
650
-
-
income
28
124
-
-
total
28
124
-
-
Dividends
117
526
-
-
withholding
18
79
-
-
total
18
79
-
-
Income
650
650
650
650
Total tax
294
203
320
334
After tax
356
447
330
316
Living cost
256
256
256
256
Free-cash
100
191
74
60

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
-£21
-£1319
-£1319
-£1319
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
-
-
-
650
national
-
-
-
65
pensions
-
-
-
8
municipal
-
-
-
112
labour market
-
-
-
51
total
-
-
-
236
Employee
1 836
1 836
1 836
-
municipal
391
391
391
-
national
224
224
224
-
pensions
3
3
3
-
labour market
147
147
147
-
total
765
765
765
-
Employer
1 836
1 836
1 836
-
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
650
650
650
650
Total tax
1 534
1 534
1 534
236
After tax
-884
-884
-884
414
Living cost
435
435
435
435
Free-cash
-1 319
-1 319
-1 319
-21

Estimated living cost  is £435 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
£130
£246
£156
£302
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
-
-
-
650
health
-
-
-
85
pensions
-
-
-
130
income
-
-
-
87
total
-
-
-
302
Employee
256
-
486
-
unemployment
4
-
8
-
income
29
-
94
-
pensions
5
-
10
-
total
38
-
112
-
Employer
256
-
486
-
pensions
51
-
97
-
health
33
-
63
-
unemployment
2
-
4
-
total
86
-
164
-
Corporate
308
650
-
-
income
62
130
-
-
total
62
130
-
-
Dividends
246
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
186
130
276
302
After tax
464
520
374
348
Living cost
218
218
218
218
Free-cash
246
302
156
130

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
£140
£60
£44
£99
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

-
-
-
650
national
-
-
-
42
health
-
-
-
6
municipal
-
-
-
116
total
-
-
-
164
Employee
474
-
547
-
unemployment
7
-
8
-
municipal
78
-
89
-
national
8
-
17
-
pensions
32
-
37
-
health
4
-
5
-
total
129
-
156
-
Employer
474
-
547
-
pensions
82
-
95
-
health
4
-
4
-
accident
-
-
1
-
unemployment
3
-
4
-
total
89
-
104
-
Corporate
87
650
-
-
income
17
130
-
-
total
17
130
-
-
Dividends

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

52
390
-
-
municipal
9
70
-
-
national
-
5
-
-
total
9
75
-
-
Income
650
650
650
650
Total tax
244
205
260
164
After tax
406
445
390
486
Living cost
346
346
346
346
Free-cash
60
99
44
140

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
£108
£98
£112
£49
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
183
social contributions
-
-
-
19
income
-
-
-
36
other
-
-
-
20
total
-
-
-
264
Employee
344
-
495
-
income
18
-
36
-
surtax
-
-
-
-
social contributions
10
-
14
-
pensions
39
-
56
-
total
67
-
106
-
Employer
344
-
495
-
pensions
57
-
81
-
social contributions
1
-
1
-
other
12
-
17
-
health
24
-
35
-
unemployment
14
-
20
-
total
108
-
154
-
Corporate
198
650
-
-
income
56
182
-
-
surtax
-
-
-
-
total
56
182
-
-
Dividends
143
468
-
-
withholding
18
60
-
-
social contributions
25
81
-
-
surtax
-
-
-
-
total
43
141
-
-
Income
650
650
650
650
Total tax
274
323
260
264
After tax
376
327
390
386
Living cost
278
278
278
278
Free-cash
98
49
112
108

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
£78
£73
£82
£19
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
183
social contributions
-
-
-
19
income
-
-
-
36
other
-
-
-
20
total
-
-
-
264
Employee
386
-
495
-
income
23
-
36
-
surtax
-
-
-
-
social contributions
11
-
14
-
pensions
44
-
56
-
total
78
-
106
-
Employer
386
-
495
-
pensions
63
-
81
-
social contributions
1
-
1
-
other
13
-
17
-
health
27
-
35
-
unemployment
16
-
20
-
total
120
-
154
-
Corporate
144
650
-
-
income
40
182
-
-
surtax
-
-
-
-
total
40
182
-
-
Dividends
104
468
-
-
withholding
13
60
-
-
social contributions
18
81
-
-
surtax
-
-
-
-
total
31
141
-
-
Income
650
650
650
650
Total tax
269
323
260
264
After tax
381
327
390
386
Living cost
308
308
308
308
Free-cash
73
19
82
78

Estimated living cost  is £308 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-£49
-£90
-£45
-£108
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
183
social contributions
-
-
-
19
income
-
-
-
36
other
-
-
-
20
total
-
-
-
264
Employee
564
-
495
-
income
49
-
36
-
surtax
-
-
-
-
social contributions
16
-
14
-
pensions
64
-
56
-
total
129
-
106
-
Employer
564
-
495
-
pensions
93
-
81
-
social contributions
2
-
1
-
other
19
-
17
-
health
39
-
35
-
unemployment
23
-
20
-
total
176
-
154
-
Corporate
-
650
-
-
income
-
182
-
-
surtax
-
-
-
-
total
-
182
-
-
Dividends
-
468
-
-
withholding
-
60
-
-
social contributions
-
81
-
-
surtax
-
-
-
-
total
-
141
-
-
Income
650
650
650
650
Total tax
305
323
260
264
After tax
345
327
390
386
Living cost
435
435
435
435
Free-cash
-90
-108
-45
-49

Estimated living cost  is £435 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£586
£548
£462
£560
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%.

-
-
-
650
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
73
-
650
-
income
15
-
130
-
total
15
-
130
-
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%.

577
650
-
-
total
-
-
-
-
Dividends
577
650
-
-
withholding
29
32
-
-
total
29
32
-
-
Income
650
650
650
650
Total tax
44
32
130
6
After tax
606
618
520
644
Living cost
58
58
58
58
Free-cash
548
560
462
586

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
£553
£509
£429
£527
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%.

-
-
-
650
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
114
-
650
-
income
23
-
130
-
total
23
-
130
-
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%.

536
650
-
-
total
-
-
-
-
Dividends
536
650
-
-
withholding
27
32
-
-
total
27
32
-
-
Income
650
650
650
650
Total tax
50
32
130
6
After tax
600
618
520
644
Living cost
91
91
91
91
Free-cash
509
527
429
553

Estimated living cost  is £91 per week

£61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£104
£105
£137
-£10
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.

-
-
-
650
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
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.

-
-
-
98
trade
-
-
-
33
total
-
-
-
198
Employee

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

448
-
650
-
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
-
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.

2
-
5
-
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
-
165
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
202
650
-
-
trade
29
93
-
-
income
30
97
-
-
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
63
197
-
-
Dividends
139
452
-
-
withholding
31
109
-
-
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
6
-
-
total
33
115
-
-
Income
650
650
650
650
Total tax
197
312
165
198
After tax
453
338
485
452
Living cost
348
348
348
348
Free-cash
105
-10
137
104

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
£176
£154
£212
£58
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.

-
-
-
650
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
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.

-
-
-
98
trade
-
-
-
36
total
-
-
-
201
Employee

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

345
-
650
-
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
-
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
-
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
-
165
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
305
650
-
-
trade
48
102
-
-
income
46
97
-
-
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.

3
5
-
-
total
99
206
-
-
Dividends
207
442
-
-
withholding
48
107
-
-
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
6
-
-
total
51
113
-
-
Income
650
650
650
650
Total tax
223
319
165
201
After tax
427
331
485
449
Living cost
273
273
273
273
Free-cash
154
58
212
176

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
£93
£97
£131
-£27
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.

-
-
-
650
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
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.

-
-
-
98
trade
-
-
-
38
total
-
-
-
203
Employee

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

457
-
650
-
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
-
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.

2
-
5
-
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
-
165
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
193
650
-
-
trade
32
107
-
-
income
29
97
-
-
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
65
211
-
-
Dividends
129
438
-
-
withholding
29
106
-
-
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
6
-
-
total
31
112
-
-
Income
650
650
650
650
Total tax
199
323
165
203
After tax
451
327
485
447
Living cost
354
354
354
354
Free-cash
97
-27
131
93

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
£32
£54
£72
-£89
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
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
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.

-
-
-
98
trade
-
-
-
40
total
-
-
-
205
Employee

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

541
-
650
-
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
-
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.

4
-
5
-
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
-
165
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
109
650
-
-
trade
19
111
-
-
income
16
97
-
-
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
38
215
-
-
Dividends
71
433
-
-
withholding
14
105
-
-
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
15
111
-
-
Income
650
650
650
650
Total tax
183
326
165
205
After tax
467
324
485
445
Living cost
413
413
413
413
Free-cash
54
-89
72
32

Estimated living cost  is £413 per week

£301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
£154
£178
£140
£207
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
-
-
-
650
surtax
-
-
-
10
unemployment
-
-
-
2
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
106
other
-
-
-
-
total
-
-
-
294
Employee
303
-
537
-
unemployment
21
-
37
-
other
-
-
-
-
income
51
-
100
-
surtax
1
-
8
-
pensions
20
-
36
-
health
8
-
14
-
total
101
-
195
-
Employer
303
-
537
-
pensions
40
-
72
-
other
-
-
-
-
health
14
-
24
-
unemployment
10
-
17
-
total
64
-
113
-
Corporate
283
650
-
-
income
74
169
-
-
total
74
169
-
-
Dividends
209
481
-
-
withholding
31
72
-
-
total
31
72
-
-
Income
650
650
650
650
Total tax
270
241
308
294
After tax
380
409
342
356
Living cost
202
202
202
202
Free-cash
178
207
140
154

Estimated living cost  is £202 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
£157
£181
£143
£210
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
-
-
-
650
surtax
-
-
-
10
unemployment
-
-
-
2
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
106
other
-
-
-
-
total
-
-
-
294
Employee
298
-
537
-
unemployment
21
-
37
-
other
-
-
-
-
income
50
-
100
-
surtax
1
-
8
-
pensions
20
-
36
-
health
8
-
14
-
total
100
-
195
-
Employer
298
-
537
-
pensions
40
-
72
-
other
-
-
-
-
health
14
-
24
-
unemployment
9
-
17
-
total
63
-
113
-
Corporate
289
650
-
-
income
75
169
-
-
total
75
169
-
-
Dividends
214
481
-
-
withholding
32
72
-
-
total
32
72
-
-
Income
650
650
650
650
Total tax
270
241
308
294
After tax
380
409
342
356
Living cost
199
199
199
199
Free-cash
181
210
143
157

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
£271
£192
£199
£189
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
-
-
-
650
unemployment
-
-
-
10
health
-
-
-
46
pensions
-
-
-
65
income
-
-
-
79
total
-
-
-
200
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

258
103
544
-
unemployment
4
2
8
-
income
32
13
66
-
pensions
26
10
54
-
health
18
7
38
-
total
80
32
166
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

258
103
544
-
pensions
50
20
106
-
total
50
20
106
-
Corporate
341
527
-
-
income
31
47
-
-
total
31
47
-
-
Dividends
311
480
-
-
withholding
59
91
-
-
social contributions
59
92
-
-
total
118
183
-
-
Income
650
650
650
650
Total tax
279
282
272
200
After tax
371
368
378
450
Living cost
179
179
179
179
Free-cash
192
189
199
271

Estimated living cost  is £179 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-£37
-£87
-£32
-£30
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
national
-
-
-
101
pensions
-
-
-
78
social contributions
-
-
-
7
municipal
-
-
-
65
total
-
-
-
251
Employee
676
-
562
-
municipal
84
-
68
-
national
129
-
105
-
pensions
27
-
22
-
total
240
-
195
-
Employer
676
-
562
-
pensions
54
-
45
-
social contributions
7
-
6
-
total
61
-
51
-
Corporate
-
650
-
-
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%.

-
130
-
-
total
-
130
-
-
Dividends
-
520
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
301
244
246
251
After tax
349
406
404
399
Living cost
436
436
436
436
Free-cash
-87
-30
-32
-37

Estimated living cost  is £436 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-£27
-£55
-£27
-£58
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
-
-
-
650
social contributions
-
-
-
53
income
-
-
-
111
total
-
-
-
164
Employee
705
-
650
-
social contributions
59
-
53
-
income
133
-
111
-
total
192
-
164
-
Employer
705
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
income
-
81
-
-
total
-
81
-
-
Dividends
-
569
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
192
195
164
164
After tax
458
455
486
486
Living cost
513
513
513
513
Free-cash
-55
-58
-27
-27

Estimated living cost  is £513 per week

£390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-£29
-£151
-£64
-£33
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
-
-
-
650
national
-
-
-
121
regional
-
-
-
7
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
299
Employee
801
-
650
-
municipal
4
-
3
-
national
139
-
106
-
social contributions
270
-
219
-
regional
8
-
6
-
total
421
-
334
-
Employer
801
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
25
-
-
total
-
181
-
-
Dividends
-
469
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
650
650
650
650
Total tax
421
303
334
299
After tax
229
347
316
351
Living cost
380
380
380
380
Free-cash
-151
-33
-64
-29

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
£105
£78
£70
£99
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
-
-
-
650
national
-
-
-
121
regional
-
-
-
10
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
302
Employee
500
-
650
-
municipal
3
-
3
-
national
79
-
106
-
social contributions
169
-
219
-
regional
7
-
9
-
total
258
-
337
-
Employer
500
-
650
-
total
-
-
-
-
Corporate
150
650
-
-
nationa
36
156
-
-
municipal
7
32
-
-
total
43
188
-
-
Dividends
107
462
-
-
withholding
28
120
-
-
total
28
120
-
-
Income
650
650
650
650
Total tax
329
308
337
302
After tax
321
342
313
348
Living cost
243
243
243
243
Free-cash
78
99
70
105

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