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
£ 800
per

Your estimated
City
free-cash

Andorra , Andorra
£343
£419
£366
£450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
social contributions
-
-
-
176
income
-
-
-
11
total
-
-
-
187
Employee
288
-
693
-
social contributions
19
-
45
-
income
-
-
12
-
total
19
-
57
-
Employer
288
-
693
-
social contributions
45
-
107
-
total
45
-
107
-
Corporate
467
800
-
-
income
47
80
-
-
total
47
80
-
-
Dividends
420
720
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
111
80
164
187
After tax
689
720
636
613
Living cost
270
270
270
270
Free-cash
419
450
366
343

Estimated living cost  is £270 per week

£174
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
£129
£159
-£25
£163
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
-
-
-
800
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
61
chamber of commerce
-
-
-
3
pensions
-
-
-
148
income
-
-
-
118
total
-
-
-
385
Employee
392
357
621
-
unemployment
12
11
19
-
other
4
4
6
-
income
35
26
101
-
pensions
40
37
64
-
health
15
14
24
-
total
106
92
214
-
Employer
392
357
621
-
pensions
49
45
78
-
surtax
-
-
-
-
payroll
12
11
19
-
other
19
17
29
-
health
15
14
23
-
accident
5
5
8
-
unemployment
12
11
19
-
chamber of commerce
2
1
2
-
total
114
104
178
-
Corporate
295
340
587
-
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.

74
85
147
-
total
74
85
147
-
Dividends
221
255
-
-
withholding
61
70
-
-
total
61
70
-
-
Income
800
800
800
800
Total tax
355
351
539
385
After tax
445
449
261
415
Living cost
286
286
286
286
Free-cash
159
163
-25
129

Estimated living cost  is £286 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
£97
£122
-£54
£132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
61
chamber of commerce
-
-
-
3
pensions
-
-
-
148
income
-
-
-
118
total
-
-
-
387
Employee
448
357
620
-
unemployment
13
11
19
-
other
4
4
6
-
income
51
26
100
-
pensions
46
37
63
-
health
17
14
24
-
total
131
92
212
-
Employer
448
357
620
-
pensions
56
45
78
-
surtax
2
2
2
-
payroll
13
11
19
-
other
21
17
29
-
health
17
14
23
-
accident
6
5
8
-
unemployment
13
11
19
-
chamber of commerce
2
1
2
-
total
130
106
180
-
Corporate
221
338
586
-
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.

55
84
146
-
total
55
84
146
-
Dividends
166
253
-
-
withholding
46
70
-
-
total
46
70
-
-
Income
800
800
800
800
Total tax
362
352
538
387
After tax
438
448
262
413
Living cost
316
316
316
316
Free-cash
122
132
-54
97

Estimated living cost  is £316 per week

£211
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
£60
-£27
-£8
£122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
national
-
-
-
252
communal

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

-
-
-
41
social contributions
-
-
-
120
total
-
-
-
413
Employee

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

642
-
620
-
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
197
-
189
-
communal

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

33
-
32
-
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
-
46
-
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
-
29
-
total
314
-
301
-
Employer

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

642
-
620
-
surtax
73
-
70
-
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
-
55
-
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.

39
-
38
-
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
-
8
-
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
-
9
-
total
186
-
180
-
Corporate
-
800
-
-
income
-
160
-
-
surtax
-
3
-
-
total
-
163
-
-
Dividends
-
637
-
-
withholding

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

-
188
-
-
total
-
188
-
-
Income
800
800
800
800
Total tax
500
351
481
413
After tax
300
449
319
387
Living cost
327
327
327
327
Free-cash
-27
122
-8
60

Estimated living cost  is £327 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
£443
£477
£467
£530
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
-
-
-
800
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
120
total
-
-
-
203
Employee
204
-
739
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
74
-
pensions

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

18
-
27
-
health
9
-
14
-
total
49
-
118
-
Employer
204
-
739
-
pensions

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

22
-
34
-
health
14
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
61
-
Corporate
556
800
-
-
income
56
80
-
-
total
56
80
-
-
Dividends
500
720
-
-
withholding
25
36
-
-
total
25
36
-
-
Income
800
800
800
800
Total tax
169
116
179
203
After tax
631
684
621
597
Living cost
154
154
154
154
Free-cash
477
530
467
443

Estimated living cost  is £154 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
£480
£524
£504
£567
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
-
-
-
800
unemployment
-
-
-
1
health
-
-
-
36
pensions

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

-
-
-
46
income
-
-
-
120
total
-
-
-
203
Employee
155
-
739
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
74
-
pensions

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

14
-
27
-
health
7
-
14
-
total
39
-
118
-
Employer
155
-
739
-
pensions

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

17
-
34
-
health
11
-
22
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
61
-
Corporate
614
800
-
-
income
61
80
-
-
total
61
80
-
-
Dividends
553
720
-
-
withholding
28
36
-
-
total
28
36
-
-
Income
800
800
800
800
Total tax
159
116
179
203
After tax
641
684
621
597
Living cost
117
117
117
117
Free-cash
524
567
504
480

Estimated living cost  is £117 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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
£373
£329
£373
£378
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
-
-
-
800
health
-
-
-
20
social contributions
-
-
-
125
income
-
-
-
74
total
-
-
-
219
Employee
690
690
726
-
income
75
64
74
-
social contributions
26
57
60
-
health
5
12
12
-
total
106
133
146
-
Employer
690
690
726
-
social contributions
26
57
60
-
health
6
13
13
-
total
32
70
73
-
Corporate
454
40
-
-
income
57
5
-
-
total
57
5
-
-
Dividends
397
35
-
-
withholding
68
6
-
-
total
68
6
-
-
Income
800
800
800
800
Total tax
263
214
219
219
After tax
537
586
581
581
Living cost
208
208
208
208
Free-cash
329
378
373
373

Estimated living cost  is £208 per week

£124
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
£290
£258
£290
£295
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
-
-
-
800
health
-
-
-
20
social contributions
-
-
-
125
income
-
-
-
74
total
-
-
-
219
Employee
690
690
726
-
income
72
64
74
-
social contributions
34
57
60
-
health
7
12
12
-
total
113
133
146
-
Employer
690
690
726
-
social contributions
34
57
60
-
health
7
13
13
-
total
41
70
73
-
Corporate
355
40
-
-
income
44
5
-
-
total
44
5
-
-
Dividends
311
35
-
-
withholding
53
6
-
-
total
53
6
-
-
Income
800
800
800
800
Total tax
251
214
219
219
After tax
549
586
581
581
Living cost
291
291
291
291
Free-cash
258
295
290
290

Estimated living cost  is £291 per week

£199
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.
£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
Brno , Czech Republic
£181
£269
£197
£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
-
-
-
800
health
-
-
-
108
social contributions
-
-
-
234
income
-
-
-
69
solidarity contribution
-
-
-
-
total
-
-
-
411
Employee
306
-
597
-
income
37
-
72
-
social contributions
20
-
39
-
health
41
-
81
-
solidarity contribution
-
-
-
-
total
98
-
192
-
Employer
306
-
597
-
social contributions
76
-
149
-
health
28
-
54
-
total
104
-
203
-
Corporate
391
800
-
-
income
74
152
-
-
total
74
152
-
-
Dividends
316
648
-
-
withholding
47
97
-
-
total
47
97
-
-
Income
800
800
800
800
Total tax
323
249
395
411
After tax
477
551
405
389
Living cost
208
208
208
208
Free-cash
269
343
197
181

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
£133
£204
£149
£295
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
-
-
-
800
health
-
-
-
108
social contributions
-
-
-
234
income
-
-
-
69
solidarity contribution
-
-
-
-
total
-
-
-
411
Employee
377
-
597
-
income
45
-
72
-
social contributions
24
-
39
-
health
51
-
81
-
solidarity contribution
-
-
-
-
total
120
-
192
-
Employer
377
-
597
-
social contributions
94
-
149
-
health
34
-
54
-
total
128
-
203
-
Corporate
295
800
-
-
income
56
152
-
-
total
56
152
-
-
Dividends
239
648
-
-
withholding
36
97
-
-
total
36
97
-
-
Income
800
800
800
800
Total tax
340
249
395
411
After tax
460
551
405
389
Living cost
256
256
256
256
Free-cash
204
295
149
133

Estimated living cost  is £256 per week

£190
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
£69
-£1159
-£1159
-£1159
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
-
-
-
800
national
-
-
-
83
pensions
-
-
-
8
municipal
-
-
-
144
labour market
-
-
-
63
total
-
-
-
298
Employee
1 829
1 829
1 829
-
municipal
389
389
389
-
national
223
223
223
-
pensions
3
3
3
-
labour market
146
146
146
-
total
761
761
761
-
Employer
1 829
1 829
1 829
-
pensions
5
5
5
-
labour market
146
146
146
-
municipal
390
390
390
-
national
224
224
224
-
total
765
765
765
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
1 526
1 526
1 526
298
After tax
-726
-726
-726
502
Living cost
433
433
433
433
Free-cash
-1 159
-1 159
-1 159
69

Estimated living cost  is £433 per week

£297
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
£212
£367
£243
£423
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
-
-
-
800
health
-
-
-
104
pensions
-
-
-
160
income
-
-
-
107
total
-
-
-
371
Employee
254
-
598
-
unemployment
4
-
10
-
income
29
-
115
-
pensions
5
-
12
-
total
38
-
137
-
Employer
254
-
598
-
pensions
51
-
120
-
health
33
-
78
-
unemployment
2
-
5
-
total
86
-
203
-
Corporate
460
800
-
-
income
92
160
-
-
total
92
160
-
-
Dividends
368
640
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
216
160
340
371
After tax
584
640
460
429
Living cost
217
217
217
217
Free-cash
367
423
243
212

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
£235
£165
£120
£196
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

-
-
-
800
national
-
-
-
70
health
-
-
-
9
municipal
-
-
-
142
total
-
-
-
221
Employee
472
-
673
-
unemployment
7
-
10
-
municipal
77
-
110
-
national
8
-
37
-
pensions
32
-
45
-
health
4
-
7
-
total
128
-
209
-
Employer
472
-
673
-
pensions
82
-
117
-
health
4
-
5
-
accident
-
-
1
-
unemployment
3
-
4
-
total
89
-
127
-
Corporate
239
800
-
-
income
48
160
-
-
total
48
160
-
-
Dividends

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

143
480
-
-
municipal
26
86
-
-
national
-
14
-
-
total
26
100
-
-
Income
800
800
800
800
Total tax
291
260
336
221
After tax
509
540
464
579
Living cost
344
344
344
344
Free-cash
165
196
120
235

Estimated living cost  is £344 per week

£225
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
£188
£176
£186
£127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
surtax
-
-
-
-
health
-
-
-
9
pensions
-
-
-
217
social contributions
-
-
-
23
income
-
-
-
62
other
-
-
-
25
total
-
-
-
336
Employee
343
-
610
-
income
18
-
61
-
surtax
-
-
-
-
social contributions
10
-
17
-
pensions
39
-
69
-
total
67
-
147
-
Employer
343
-
610
-
pensions
56
-
100
-
social contributions
1
-
2
-
other
12
-
21
-
health
24
-
43
-
unemployment
14
-
25
-
total
107
-
191
-
Corporate
350
800
-
-
income
98
224
-
-
surtax
-
-
-
-
total
98
224
-
-
Dividends
252
576
-
-
withholding
32
74
-
-
social contributions
43
99
-
-
surtax
-
-
-
-
total
75
173
-
-
Income
800
800
800
800
Total tax
347
397
338
336
After tax
453
403
462
464
Living cost
276
276
276
276
Free-cash
176
127
186
188

Estimated living cost  is £276 per week

£160
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
£157
£149
£155
£96
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
-
-
-
800
surtax
-
-
-
-
health
-
-
-
9
pensions
-
-
-
217
social contributions
-
-
-
23
income
-
-
-
62
other
-
-
-
25
total
-
-
-
336
Employee
384
-
610
-
income
23
-
61
-
surtax
-
-
-
-
social contributions
11
-
17
-
pensions
43
-
69
-
total
77
-
147
-
Employer
384
-
610
-
pensions
63
-
100
-
social contributions
1
-
2
-
other
13
-
21
-
health
27
-
43
-
unemployment
16
-
25
-
total
120
-
191
-
Corporate
296
800
-
-
income
83
224
-
-
surtax
-
-
-
-
total
83
224
-
-
Dividends
213
576
-
-
withholding
27
74
-
-
social contributions
37
99
-
-
surtax
-
-
-
-
total
64
173
-
-
Income
800
800
800
800
Total tax
344
397
338
336
After tax
456
403
462
464
Living cost
307
307
307
307
Free-cash
149
96
155
157

Estimated living cost  is £307 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.
£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
Paris , France
£31
£31
£29
-£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
-
-
-
800
surtax
-
-
-
-
health
-
-
-
9
pensions
-
-
-
217
social contributions
-
-
-
23
income
-
-
-
62
other
-
-
-
25
total
-
-
-
336
Employee
562
-
610
-
income
49
-
61
-
surtax
-
-
-
-
social contributions
16
-
17
-
pensions
64
-
69
-
total
129
-
147
-
Employer
562
-
610
-
pensions
92
-
100
-
social contributions
2
-
2
-
other
19
-
21
-
health
39
-
43
-
unemployment
23
-
25
-
total
175
-
191
-
Corporate
63
800
-
-
income
18
224
-
-
surtax
-
-
-
-
total
18
224
-
-
Dividends
45
576
-
-
withholding
6
74
-
-
social contributions
8
99
-
-
surtax
-
-
-
-
total
14
173
-
-
Income
800
800
800
800
Total tax
336
397
338
336
After tax
464
403
462
464
Living cost
433
433
433
433
Free-cash
31
-30
29
31

Estimated living cost  is £433 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£734
£692
£582
£702
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%.

-
-
-
800
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
72
-
800
-
income
14
-
160
-
total
14
-
160
-
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%.

728
800
-
-
total
-
-
-
-
Dividends
728
800
-
-
withholding
36
40
-
-
total
36
40
-
-
Income
800
800
800
800
Total tax
50
40
160
8
After tax
750
760
640
792
Living cost
58
58
58
58
Free-cash
692
702
582
734

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
£702
£654
£550
£670
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%.

-
-
-
800
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
112
-
800
-
income
22
-
160
-
total
22
-
160
-
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%.

688
800
-
-
total
-
-
-
-
Dividends
688
800
-
-
withholding
34
40
-
-
total
34
40
-
-
Income
800
800
800
800
Total tax
56
40
160
8
After tax
744
760
640
792
Living cost
90
90
90
90
Free-cash
654
670
550
702

Estimated living cost  is £90 per week

£61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£180
£184
£235
£66
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
55
total
-
-
-
274
Employee

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

446
-
800
-
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
-
150
-
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
-
8
-
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
-
219
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
354
800
-
-
trade
51
115
-
-
income
53
120
-
-
chamber of commerce
2
3
-
-
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
7
-
-
total
109
245
-
-
Dividends
245
556
-
-
withholding
58
136
-
-
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
7
-
-
total
61
143
-
-
Income
800
800
800
800
Total tax
270
388
219
274
After tax
530
412
581
526
Living cost
346
346
346
346
Free-cash
184
66
235
180

Estimated living cost  is £346 per week

£239
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
£249
£231
£309
£132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
60
total
-
-
-
279
Employee

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

343
-
800
-
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
-
150
-
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
-
8
-
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
-
219
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
457
800
-
-
trade
72
126
-
-
income
69
120
-
-
chamber of commerce
2
3
-
-
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
7
-
-
total
147
256
-
-
Dividends
311
545
-
-
withholding
74
133
-
-
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
7
-
-
total
78
140
-
-
Income
800
800
800
800
Total tax
297
396
219
279
After tax
503
404
581
521
Living cost
272
272
272
272
Free-cash
231
132
309
249

Estimated living cost  is £272 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
£166
£174
£229
£48
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.

-
-
-
800
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
63
total
-
-
-
282
Employee

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

455
-
800
-
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
-
150
-
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
-
8
-
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
-
219
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
345
800
-
-
trade
57
132
-
-
income
52
120
-
-
chamber of commerce
2
3
-
-
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
7
-
-
total
114
262
-
-
Dividends
232
539
-
-
withholding
55
131
-
-
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
7
-
-
total
58
138
-
-
Income
800
800
800
800
Total tax
274
400
219
282
After tax
526
400
581
518
Living cost
352
352
352
352
Free-cash
174
48
229
166

Estimated living cost  is £352 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.
£74
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
£104
£132
£170
-£14
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.

-
-
-
800
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.

-
-
-
8
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.

-
-
-
150
trade
-
-
-
66
total
-
-
-
285
Employee

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

539
-
800
-
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.

63
-
150
-
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
-
8
-
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
127
-
219
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
261
800
-
-
trade
45
137
-
-
income
39
120
-
-
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
7
-
-
total
88
266
-
-
Dividends
173
534
-
-
withholding
40
130
-
-
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
137
-
-
Income
800
800
800
800
Total tax
257
403
219
285
After tax
543
397
581
515
Living cost
411
411
411
411
Free-cash
132
-14
170
104

Estimated living cost  is £411 per week

£300
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
£220
£273
£206
£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
-
-
-
800
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
57
pensions
-
-
-
160
income
-
-
-
144
other
-
-
-
-
total
-
-
-
379
Employee
302
-
661
-
unemployment
21
-
46
-
other
-
-
-
-
income
51
-
133
-
surtax
1
-
14
-
pensions
20
-
44
-
health
8
-
17
-
total
101
-
254
-
Employer
302
-
661
-
pensions
40
-
88
-
other
-
-
-
-
health
14
-
30
-
unemployment
10
-
21
-
total
64
-
139
-
Corporate
434
800
-
-
income
113
208
-
-
total
113
208
-
-
Dividends
321
592
-
-
withholding
48
89
-
-
total
48
89
-
-
Income
800
800
800
800
Total tax
326
297
393
379
After tax
474
503
407
421
Living cost
201
201
201
201
Free-cash
273
302
206
220

Estimated living cost  is £201 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
£223
£276
£209
£305
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
-
-
-
800
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
57
pensions
-
-
-
160
income
-
-
-
144
other
-
-
-
-
total
-
-
-
379
Employee
297
-
661
-
unemployment
21
-
46
-
other
-
-
-
-
income
50
-
133
-
surtax
1
-
14
-
pensions
20
-
44
-
health
8
-
17
-
total
100
-
254
-
Employer
297
-
661
-
pensions
40
-
88
-
other
-
-
-
-
health
13
-
30
-
unemployment
9
-
21
-
total
62
-
139
-
Corporate
441
800
-
-
income
115
208
-
-
total
115
208
-
-
Dividends
326
592
-
-
withholding
49
89
-
-
total
49
89
-
-
Income
800
800
800
800
Total tax
326
297
393
379
After tax
474
503
407
421
Living cost
198
198
198
198
Free-cash
276
305
209
223

Estimated living cost  is £198 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
£374
£274
£283
£271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
unemployment
-
-
-
12
health
-
-
-
56
pensions
-
-
-
80
income
-
-
-
98
total
-
-
-
246
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
669
-
unemployment
4
2
10
-
income
32
13
82
-
pensions
26
10
67
-
health
18
7
47
-
total
80
32
206
-
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
669
-
pensions
51
20
131
-
total
51
20
131
-
Corporate
490
677
-
-
income
44
61
-
-
total
44
61
-
-
Dividends
446
616
-
-
withholding
85
117
-
-
social contributions
86
119
-
-
total
171
236
-
-
Income
800
800
800
800
Total tax
346
349
337
246
After tax
454
451
463
554
Living cost
180
180
180
180
Free-cash
274
271
283
374

Estimated living cost  is £180 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
£50
£58
£57
£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
-
-
-
800
national
-
-
-
128
pensions
-
-
-
96
social contributions
-
-
-
9
municipal
-
-
-
83
total
-
-
-
316
Employee
673
-
692
-
municipal
83
-
86
-
national
129
-
133
-
pensions
27
-
28
-
total
239
-
247
-
Employer
673
-
692
-
pensions
54
-
55
-
social contributions
7
-
7
-
total
61
-
62
-
Corporate
21
800
-
-
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%.

4
160
-
-
total
4
160
-
-
Dividends
17
640
-
-
withholding
4
141
-
-
total
4
141
-
-
Income
800
800
800
800
Total tax
308
301
309
316
After tax
492
499
491
484
Living cost
434
434
434
434
Free-cash
58
65
57
50

Estimated living cost  is £434 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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

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
£48
£70
£48
£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
-
-
-
800
social contributions
-
-
-
69
income
-
-
-
172
total
-
-
-
241
Employee
702
-
800
-
social contributions
58
-
69
-
income
132
-
172
-
total
190
-
241
-
Employer
702
-
800
-
total
-
-
-
-
Corporate
98
800
-
-
income
12
100
-
-
total
12
100
-
-
Dividends
86
700
-
-
withholding
17
140
-
-
total
17
140
-
-
Income
800
800
800
800
Total tax
219
240
241
241
After tax
581
560
559
559
Living cost
511
511
511
511
Free-cash
70
49
48
48

Estimated living cost  is £511 per week

£389
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
£38
£0
£0
£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
-
-
-
800
national
-
-
-
163
regional
-
-
-
9
social contributions
-
-
-
206
municipal
-
-
-
5
total
-
-
-
383
Employee
797
-
800
-
municipal
4
-
4
-
national
138
-
139
-
social contributions
269
-
270
-
regional
8
-
8
-
total
419
-
421
-
Employer
797
-
800
-
total
-
-
-
-
Corporate
3
800
-
-
nationa
1
192
-
-
municipal
-
31
-
-
total
1
223
-
-
Dividends
2
577
-
-
withholding
1
150
-
-
total
1
150
-
-
Income
800
800
800
800
Total tax
421
373
421
383
After tax
379
427
379
417
Living cost
378
378
378
378
Free-cash
-
49
-
38

Estimated living cost  is £378 per week

£264
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
£172
£157
£134
£178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
national
-
-
-
163
regional
-
-
-
12
social contributions
-
-
-
206
municipal
-
-
-
5
total
-
-
-
386
Employee
498
-
800
-
municipal
3
-
4
-
national
79
-
139
-
social contributions
168
-
270
-
regional
7
-
11
-
total
257
-
424
-
Employer
498
-
800
-
total
-
-
-
-
Corporate
302
800
-
-
nationa
73
192
-
-
municipal
15
40
-
-
total
88
232
-
-
Dividends
215
568
-
-
withholding
56
148
-
-
total
56
148
-
-
Income
800
800
800
800
Total tax
401
380
424
386
After tax
399
420
376
414
Living cost
242
242
242
242
Free-cash
157
178
134
172

Estimated living cost  is £242 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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