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
£ 700
per

Your estimated
City
free-cash

Andorra , Andorra
£268
£328
£288
£359
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
-
-
-
700
social contributions
-
-
-
154
income
-
-
-
7
total
-
-
-
161
Employee
289
-
606
-
social contributions
19
-
39
-
income
-
-
8
-
total
19
-
47
-
Employer
289
-
606
-
social contributions
45
-
94
-
total
45
-
94
-
Corporate
366
700
-
-
income
37
70
-
-
total
37
70
-
-
Dividends
329
630
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
101
70
141
161
After tax
599
630
559
539
Living cost
271
271
271
271
Free-cash
328
359
288
268

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
£87
£105
-£46
£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
-
-
-
700
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
54
chamber of commerce
-
-
-
3
pensions
-
-
-
130
income
-
-
-
84
total
-
-
-
326
Employee
393
359
544
-
unemployment
12
11
16
-
other
4
4
5
-
income
35
26
78
-
pensions
40
37
56
-
health
15
14
21
-
total
106
92
176
-
Employer
393
359
544
-
pensions
49
45
68
-
surtax
-
-
-
-
payroll
12
11
16
-
other
19
17
26
-
health
15
14
21
-
accident
5
5
7
-
unemployment
12
11
16
-
chamber of commerce
2
1
2
-
total
114
104
156
-
Corporate
193
238
509
-
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.

48
60
127
-
total
48
60
127
-
Dividends
145
179
-
-
withholding
40
49
-
-
total
40
49
-
-
Income
700
700
700
700
Total tax
308
305
459
326
After tax
392
395
241
374
Living cost
287
287
287
287
Free-cash
105
108
-46
87

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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
£55
£67
-£77
£77
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
-
-
-
700
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
54
chamber of commerce
-
-
-
3
pensions
-
-
-
130
income
-
-
-
84
total
-
-
-
328
Employee
450
359
542
-
unemployment
13
11
16
-
other
4
4
5
-
income
51
26
78
-
pensions
46
37
56
-
health
17
14
21
-
total
131
92
176
-
Employer
450
359
542
-
pensions
56
45
68
-
surtax
2
2
2
-
payroll
13
11
16
-
other
21
17
26
-
health
17
14
20
-
accident
6
5
7
-
unemployment
13
11
16
-
chamber of commerce
2
1
2
-
total
130
106
157
-
Corporate
119
236
508
-
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.

30
59
127
-
total
30
59
127
-
Dividends
89
177
-
-
withholding
25
49
-
-
total
25
49
-
-
Income
700
700
700
700
Total tax
316
306
460
328
After tax
384
394
240
372
Living cost
317
317
317
317
Free-cash
67
77
-77
55

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
£21
-£131
-£42
£65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
national
-
-
-
217
communal

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

-
-
-
36
social contributions
-
-
-
98
total
-
-
-
351
Employee

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

644
-
542
-
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
-
5
-
national
198
-
158
-
communal

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

34
-
28
-
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
-
41
-
health

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

30
-
25
-
total
316
-
257
-
Employer

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

644
-
542
-
surtax
73
-
61
-
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
-
48
-
health

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

40
-
33
-
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
-
8
-
total
187
-
157
-
Corporate
-
700
-
-
income
-
140
-
-
surtax
-
3
-
-
total
-
143
-
-
Dividends
-
557
-
-
withholding

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

-
164
-
-
total
-
164
-
-
Income
700
700
700
700
Total tax
503
307
414
351
After tax
197
393
286
349
Living cost
328
328
328
328
Free-cash
-131
65
-42
21

Estimated living cost  is £328 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£356
£390
£374
£443
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
-
-
-
700
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
-
-
-
105
total
-
-
-
189
Employee
205
-
638
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
64
-
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
-
109
-
Employer
205
-
638
-
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
455
700
-
-
income
45
70
-
-
total
45
70
-
-
Dividends
409
630
-
-
withholding
20
32
-
-
total
20
32
-
-
Income
700
700
700
700
Total tax
155
102
171
189
After tax
545
598
529
511
Living cost
155
155
155
155
Free-cash
390
443
374
356

Estimated living cost  is £155 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£393
£438
£411
£480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
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
-
-
-
105
total
-
-
-
189
Employee
156
-
638
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
64
-
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
-
109
-
Employer
156
-
638
-
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
513
700
-
-
income
51
70
-
-
total
51
70
-
-
Dividends
462
630
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
700
700
700
700
Total tax
144
102
171
189
After tax
556
598
529
511
Living cost
118
118
118
118
Free-cash
438
480
411
393

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
£312
£258
£297
£289
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
-
-
-
700
health
-
-
-
18
social contributions
-
-
-
109
income
-
-
-
53
total
-
-
-
180
Employee
692
692
692
-
income
75
64
66
-
social contributions
26
57
53
-
health
5
12
11
-
total
106
133
130
-
Employer
692
692
692
-
social contributions
26
57
53
-
health
6
13
12
-
total
32
70
65
-
Corporate
353
-
-
-
income
44
-
-
-
total
44
-
-
-
Dividends
309
-
-
-
withholding
52
-
-
-
total
52
-
-
-
Income
700
700
700
700
Total tax
234
203
195
180
After tax
466
497
505
520
Living cost
208
208
208
208
Free-cash
258
289
297
312

Estimated living cost  is £208 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
£228
£183
£213
£205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
18
social contributions
-
-
-
109
income
-
-
-
53
total
-
-
-
180
Employee
692
692
692
-
income
73
64
66
-
social contributions
34
57
53
-
health
7
12
11
-
total
114
133
130
-
Employer
692
692
692
-
social contributions
34
57
53
-
health
7
13
12
-
total
41
70
65
-
Corporate
254
-
-
-
income
32
-
-
-
total
32
-
-
-
Dividends
222
-
-
-
withholding
38
-
-
-
total
38
-
-
-
Income
700
700
700
700
Total tax
225
203
195
180
After tax
475
497
505
520
Living cost
292
292
292
292
Free-cash
183
205
213
228

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
£133
£200
£146
£274
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
-
-
-
700
health
-
-
-
95
social contributions
-
-
-
204
income
-
-
-
60
solidarity contribution
-
-
-
-
total
-
-
-
359
Employee
306
-
522
-
income
37
-
63
-
social contributions
20
-
34
-
health
41
-
71
-
solidarity contribution
-
-
-
-
total
98
-
168
-
Employer
306
-
522
-
social contributions
76
-
131
-
health
28
-
47
-
total
104
-
178
-
Corporate
290
700
-
-
income
55
133
-
-
total
55
133
-
-
Dividends
235
567
-
-
withholding
35
85
-
-
total
35
85
-
-
Income
700
700
700
700
Total tax
292
218
346
359
After tax
408
482
354
341
Living cost
208
208
208
208
Free-cash
200
274
146
133

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
£85
£135
£98
£226
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
-
-
-
700
health
-
-
-
95
social contributions
-
-
-
204
income
-
-
-
60
solidarity contribution
-
-
-
-
total
-
-
-
359
Employee
377
-
522
-
income
45
-
63
-
social contributions
24
-
34
-
health
51
-
71
-
solidarity contribution
-
-
-
-
total
120
-
168
-
Employer
377
-
522
-
social contributions
94
-
131
-
health
34
-
47
-
total
128
-
178
-
Corporate
195
700
-
-
income
37
133
-
-
total
37
133
-
-
Dividends
158
567
-
-
withholding
24
85
-
-
total
24
85
-
-
Income
700
700
700
700
Total tax
309
218
346
359
After tax
391
482
354
341
Living cost
256
256
256
256
Free-cash
135
226
98
85

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
£8
-£1268
-£1268
-£1268
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
-
-
-
700
national
-
-
-
71
pensions
-
-
-
8
municipal
-
-
-
123
labour market
-
-
-
55
total
-
-
-
257
Employee
1 835
1 835
1 835
-
municipal
391
391
391
-
national
224
224
224
-
pensions
3
3
3
-
labour market
147
147
147
-
total
765
765
765
-
Employer
1 835
1 835
1 835
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
391
391
391
-
national
225
225
225
-
total
768
768
768
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
1 533
1 533
1 533
257
After tax
-833
-833
-833
443
Living cost
435
435
435
435
Free-cash
-1 268
-1 268
-1 268
8

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
£158
£287
£187
£343
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
-
-
-
700
health
-
-
-
91
pensions
-
-
-
140
income
-
-
-
94
total
-
-
-
325
Employee
255
-
523
-
unemployment
4
-
8
-
income
29
-
101
-
pensions
5
-
10
-
total
38
-
119
-
Employer
255
-
523
-
pensions
51
-
105
-
health
33
-
68
-
unemployment
2
-
4
-
total
86
-
177
-
Corporate
358
700
-
-
income
72
140
-
-
total
72
140
-
-
Dividends
287
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
196
140
296
325
After tax
504
560
404
375
Living cost
217
217
217
217
Free-cash
287
343
187
158

Estimated living cost  is £217 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
£171
£94
£68
£131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
national
-
-
-
51
health
-
-
-
7
municipal
-
-
-
125
total
-
-
-
183
Employee
474
-
589
-
unemployment
7
-
9
-
municipal
78
-
96
-
national
8
-
24
-
pensions
32
-
40
-
health
4
-
5
-
total
129
-
174
-
Employer
474
-
589
-
pensions
82
-
102
-
health
4
-
5
-
accident
-
-
1
-
unemployment
3
-
4
-
total
89
-
112
-
Corporate
137
700
-
-
income
27
140
-
-
total
27
140
-
-
Dividends

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

82
420
-
-
municipal
15
76
-
-
national
-
7
-
-
total
15
83
-
-
Income
700
700
700
700
Total tax
260
223
286
183
After tax
440
477
414
517
Living cost
346
346
346
346
Free-cash
94
131
68
171

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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
£127
£125
£140
£75
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
-
-
-
700
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
209
social contributions
-
-
-
20
income
-
-
-
39
other
-
-
-
22
total
-
-
-
296
Employee
344
-
533
-
income
18
-
41
-
surtax
-
-
-
-
social contributions
10
-
15
-
pensions
39
-
60
-
total
67
-
116
-
Employer
344
-
533
-
pensions
56
-
88
-
social contributions
1
-
2
-
other
12
-
18
-
health
24
-
37
-
unemployment
14
-
22
-
total
107
-
167
-
Corporate
249
700
-
-
income
70
196
-
-
surtax
-
-
-
-
total
70
196
-
-
Dividends
179
504
-
-
withholding
23
65
-
-
social contributions
31
87
-
-
surtax
-
-
-
-
total
54
152
-
-
Income
700
700
700
700
Total tax
298
348
283
296
After tax
402
352
417
404
Living cost
277
277
277
277
Free-cash
125
75
140
127

Estimated living cost  is £277 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
£96
£98
£109
£44
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
-
-
-
700
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
209
social contributions
-
-
-
20
income
-
-
-
39
other
-
-
-
22
total
-
-
-
296
Employee
385
-
533
-
income
23
-
41
-
surtax
-
-
-
-
social contributions
11
-
15
-
pensions
44
-
60
-
total
78
-
116
-
Employer
385
-
533
-
pensions
63
-
88
-
social contributions
1
-
2
-
other
13
-
18
-
health
27
-
37
-
unemployment
16
-
22
-
total
120
-
167
-
Corporate
194
700
-
-
income
54
196
-
-
surtax
-
-
-
-
total
54
196
-
-
Dividends
140
504
-
-
withholding
18
65
-
-
social contributions
24
87
-
-
surtax
-
-
-
-
total
42
152
-
-
Income
700
700
700
700
Total tax
294
348
283
296
After tax
406
352
417
404
Living cost
308
308
308
308
Free-cash
98
44
109
96

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
-£31
-£40
-£18
-£83
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
-
-
-
700
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
209
social contributions
-
-
-
20
income
-
-
-
39
other
-
-
-
22
total
-
-
-
296
Employee
564
-
533
-
income
49
-
41
-
surtax
-
-
-
-
social contributions
16
-
15
-
pensions
64
-
60
-
total
129
-
116
-
Employer
564
-
533
-
pensions
93
-
88
-
social contributions
2
-
2
-
other
19
-
18
-
health
39
-
37
-
unemployment
23
-
22
-
total
176
-
167
-
Corporate
-
700
-
-
income
-
196
-
-
surtax
-
-
-
-
total
-
196
-
-
Dividends
-
504
-
-
withholding
-
65
-
-
social contributions
-
87
-
-
surtax
-
-
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
305
348
283
296
After tax
395
352
417
404
Living cost
435
435
435
435
Free-cash
-40
-83
-18
-31

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
£635
£596
£502
£607
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%.

-
-
-
700
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
7
total
-
-
-
7
Employee
73
-
700
-
income
15
-
140
-
total
15
-
140
-
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%.

627
700
-
-
total
-
-
-
-
Dividends
627
700
-
-
withholding
31
35
-
-
total
31
35
-
-
Income
700
700
700
700
Total tax
46
35
140
7
After tax
654
665
560
693
Living cost
58
58
58
58
Free-cash
596
607
502
635

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
£602
£557
£469
£574
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%.

-
-
-
700
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
7
total
-
-
-
7
Employee
113
-
700
-
income
23
-
140
-
total
23
-
140
-
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%.

587
700
-
-
total
-
-
-
-
Dividends
587
700
-
-
withholding
29
35
-
-
total
29
35
-
-
Income
700
700
700
700
Total tax
52
35
140
7
After tax
648
665
560
693
Living cost
91
91
91
91
Free-cash
557
574
469
602

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.
£22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£132
£133
£172
£15
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.

-
-
-
700
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.

-
-
-
6
health

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

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

-
-
-
61
income

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

-
-
-
114
trade
-
-
-
40
total
-
-
-
221
Employee

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

448
-
700
-
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
-
114
-
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
-
health

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

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

61
-
61
-
total
100
-
181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
252
700
-
-
trade
36
100
-
-
income
38
105
-
-
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
6
-
-
total
78
213
-
-
Dividends
174
486
-
-
withholding
40
118
-
-
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
7
-
-
total
42
125
-
-
Income
700
700
700
700
Total tax
220
338
181
221
After tax
480
362
519
479
Living cost
347
347
347
347
Free-cash
133
15
172
132

Estimated living cost  is £347 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
£202
£181
£246
£82
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.

-
-
-
700
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.

-
-
-
6
health

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

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

-
-
-
61
income

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

-
-
-
114
trade
-
-
-
44
total
-
-
-
225
Employee

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

344
-
700
-
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
-
114
-
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
-
health

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

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

61
-
61
-
total
72
-
181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
356
700
-
-
trade
56
110
-
-
income
53
105
-
-
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
6
-
-
total
114
223
-
-
Dividends
242
477
-
-
withholding
57
116
-
-
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
60
122
-
-
Income
700
700
700
700
Total tax
246
345
181
225
After tax
454
355
519
475
Living cost
273
273
273
273
Free-cash
181
82
246
202

Estimated living cost  is £273 per week

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

Additional information

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

Hamburg , Germany
£119
£124
£165
-£3
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.

-
-
-
700
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.

-
-
-
6
health

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

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

-
-
-
61
income

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

-
-
-
114
trade
-
-
-
46
total
-
-
-
227
Employee

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

456
-
700
-
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
-
114
-
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
-
health

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

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

61
-
61
-
total
102
-
181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
244
700
-
-
trade
40
115
-
-
income
37
105
-
-
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
6
-
-
total
81
228
-
-
Dividends
163
472
-
-
withholding
37
115
-
-
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
39
121
-
-
Income
700
700
700
700
Total tax
222
349
181
227
After tax
478
351
519
473
Living cost
354
354
354
354
Free-cash
124
-3
165
119

Estimated living cost  is £354 per week

£236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£59
£81
£107
-£64
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.

-
-
-
700
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.

-
-
-
6
health

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

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

-
-
-
61
income

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

-
-
-
114
trade
-
-
-
48
total
-
-
-
229
Employee

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

541
-
700
-
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
-
114
-
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
-
6
-
health

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

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

61
-
61
-
total
129
-
181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
159
700
-
-
trade
27
120
-
-
income
24
105
-
-
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
6
-
-
total
54
233
-
-
Dividends
105
467
-
-
withholding
23
113
-
-
surtax

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

1
6
-
-
total
24
119
-
-
Income
700
700
700
700
Total tax
207
352
181
229
After tax
493
348
519
471
Living cost
412
412
412
412
Free-cash
81
-64
107
59

Estimated living cost  is £412 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
£178
£209
£163
£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
-
-
-
700
surtax
-
-
-
11
unemployment
-
-
-
2
health
-
-
-
50
pensions
-
-
-
140
income
-
-
-
117
other
-
-
-
-
total
-
-
-
320
Employee
303
-
578
-
unemployment
21
-
40
-
other
-
-
-
-
income
51
-
110
-
surtax
1
-
10
-
pensions
20
-
39
-
health
8
-
15
-
total
101
-
214
-
Employer
303
-
578
-
pensions
40
-
77
-
other
-
-
-
-
health
14
-
26
-
unemployment
10
-
18
-
total
64
-
121
-
Corporate
333
700
-
-
income
87
182
-
-
total
87
182
-
-
Dividends
246
518
-
-
withholding
37
78
-
-
total
37
78
-
-
Income
700
700
700
700
Total tax
289
260
335
320
After tax
411
440
365
380
Living cost
202
202
202
202
Free-cash
209
238
163
178

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
£181
£212
£166
£241
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
-
-
-
700
surtax
-
-
-
11
unemployment
-
-
-
2
health
-
-
-
50
pensions
-
-
-
140
income
-
-
-
117
other
-
-
-
-
total
-
-
-
320
Employee
298
-
578
-
unemployment
21
-
40
-
other
-
-
-
-
income
50
-
110
-
surtax
1
-
10
-
pensions
20
-
39
-
health
8
-
15
-
total
100
-
214
-
Employer
298
-
578
-
pensions
40
-
77
-
other
-
-
-
-
health
14
-
26
-
unemployment
9
-
18
-
total
63
-
121
-
Corporate
340
700
-
-
income
88
182
-
-
total
88
182
-
-
Dividends
251
518
-
-
withholding
38
78
-
-
total
38
78
-
-
Income
700
700
700
700
Total tax
289
260
335
320
After tax
411
440
365
380
Living cost
199
199
199
199
Free-cash
212
241
166
181

Estimated living cost  is £199 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£306
£220
£226
£216
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
-
-
-
700
unemployment
-
-
-
10
health
-
-
-
49
pensions
-
-
-
70
income
-
-
-
86
total
-
-
-
215
Employee

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

The minimum wage is 138,000 HUF per month.

259
103
586
-
unemployment
4
2
9
-
income
32
13
72
-
pensions
26
10
59
-
health
18
7
41
-
total
80
32
181
-
Employer

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

The minimum wage is 138,000 HUF per month.

259
103
586
-
pensions
50
20
114
-
total
50
20
114
-
Corporate
391
577
-
-
income
35
52
-
-
total
35
52
-
-
Dividends
356
525
-
-
withholding
68
100
-
-
social contributions
68
101
-
-
total
136
201
-
-
Income
700
700
700
700
Total tax
301
305
295
215
After tax
399
395
405
485
Living cost
179
179
179
179
Free-cash
220
216
226
306

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
-£9
-£36
-£3
£1
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
-
-
-
700
national
-
-
-
110
pensions
-
-
-
84
social contributions
-
-
-
8
municipal
-
-
-
71
total
-
-
-
273
Employee
676
-
605
-
municipal
83
-
74
-
national
129
-
114
-
pensions
27
-
24
-
total
239
-
212
-
Employer
676
-
605
-
pensions
54
-
48
-
social contributions
7
-
7
-
total
61
-
55
-
Corporate
-
700
-
-
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%.

-
140
-
-
total
-
140
-
-
Dividends
-
560
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
700
700
700
700
Total tax
300
263
267
273
After tax
400
437
433
427
Living cost
436
436
436
436
Free-cash
-36
1
-3
-9

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
-£2
-£4
-£2
-£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
-
-
-
700
social contributions
-
-
-
58
income
-
-
-
131
total
-
-
-
189
Employee
704
-
700
-
social contributions
58
-
58
-
income
133
-
131
-
total
191
-
189
-
Employer
704
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
612
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
700
700
700
700
Total tax
191
210
189
189
After tax
509
490
511
511
Living cost
513
513
513
513
Free-cash
-4
-23
-2
-2

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
-£6
-£101
-£41
-£6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
national
-
-
-
135
regional
-
-
-
7
social contributions
-
-
-
180
municipal
-
-
-
4
total
-
-
-
326
Employee
800
-
700
-
municipal
4
-
4
-
national
139
-
115
-
social contributions
270
-
236
-
regional
8
-
6
-
total
421
-
361
-
Employer
800
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
27
-
-
total
-
195
-
-
Dividends
-
505
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
700
700
700
700
Total tax
421
326
361
326
After tax
279
374
339
374
Living cost
380
380
380
380
Free-cash
-101
-6
-41
-6

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
£128
£106
£94
£126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
national
-
-
-
135
regional
-
-
-
11
social contributions
-
-
-
180
municipal
-
-
-
4
total
-
-
-
330
Employee
499
-
700
-
municipal
3
-
4
-
national
79
-
115
-
social contributions
168
-
236
-
regional
7
-
9
-
total
257
-
364
-
Employer
499
-
700
-
total
-
-
-
-
Corporate
201
700
-
-
nationa
48
168
-
-
municipal
10
35
-
-
total
58
203
-
-
Dividends
143
497
-
-
withholding
37
129
-
-
total
37
129
-
-
Income
700
700
700
700
Total tax
352
332
364
330
After tax
348
368
336
370
Living cost
242
242
242
242
Free-cash
106
126
94
128

Estimated living cost  is £242 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