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
£ 900
per

Your estimated
City
free-cash

Andorra , Andorra
£415
£508
£438
£538
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
-
-
-
900
social contributions
-
-
-
198
income
-
-
-
15
total
-
-
-
213
Employee
290
-
779
-
social contributions
19
-
51
-
income
-
-
18
-
total
19
-
69
-
Employer
290
-
779
-
social contributions
45
-
121
-
total
45
-
121
-
Corporate
565
900
-
-
income
56
90
-
-
total
56
90
-
-
Dividends
508
810
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
120
90
190
213
After tax
780
810
710
687
Living cost
272
272
272
272
Free-cash
508
538
438
415

Estimated living cost  is £272 per week

£176
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
£170
£212
-£14
£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
-
-
-
900
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
69
chamber of commerce
-
-
-
4
pensions
-
-
-
166
income
-
-
-
148
total
-
-
-
442
Employee
395
360
699
-
unemployment
12
11
21
-
other
4
4
7
-
income
35
27
132
-
pensions
40
37
72
-
health
15
14
27
-
total
106
93
259
-
Employer
395
360
699
-
pensions
50
45
88
-
surtax
-
-
-
-
payroll
12
11
21
-
other
19
17
33
-
health
15
14
26
-
accident
5
5
9
-
unemployment
12
11
21
-
chamber of commerce
2
1
3
-
total
115
104
201
-
Corporate
391
436
665
-
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.

98
109
166
-
total
98
109
166
-
Dividends
294
327
-
-
withholding
81
90
-
-
total
81
90
-
-
Income
900
900
900
900
Total tax
400
396
626
442
After tax
500
504
274
458
Living cost
288
288
288
288
Free-cash
212
216
-14
170

Estimated living cost  is £288 per week

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

Additional information

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

Vienna , Austria
£138
£172
-£45
£184
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
-
-
-
900
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
69
chamber of commerce
-
-
-
4
pensions
-
-
-
166
income
-
-
-
148
total
-
-
-
444
Employee
451
360
697
-
unemployment
14
11
21
-
other
5
4
7
-
income
51
27
132
-
pensions
46
37
71
-
health
17
14
27
-
total
133
93
258
-
Employer
451
360
697
-
pensions
57
45
88
-
surtax
2
2
2
-
payroll
14
11
21
-
other
21
17
33
-
health
17
14
26
-
accident
6
5
9
-
unemployment
14
11
21
-
chamber of commerce
2
1
3
-
total
133
106
203
-
Corporate
317
435
663
-
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.

79
109
166
-
total
79
109
166
-
Dividends
238
326
-
-
withholding
65
90
-
-
total
65
90
-
-
Income
900
900
900
900
Total tax
410
398
627
444
After tax
490
502
273
456
Living cost
318
318
318
318
Free-cash
172
184
-45
138

Estimated living cost  is £318 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£94
£42
£22
£175
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
-
-
-
900
national
-
-
-
291
communal

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

-
-
-
46
social contributions
-
-
-
140
total
-
-
-
477
Employee

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

646
-
697
-
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
-
6
-
national
199
-
219
-
communal

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

34
-
36
-
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
-
52
-
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
-
33
-
total
317
-
346
-
Employer

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

646
-
697
-
surtax
73
-
79
-
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
-
62
-
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
-
43
-
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
-
9
-
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
-
10
-
total
187
-
203
-
Corporate
66
900
-
-
income
13
180
-
-
surtax
-
4
-
-
total
13
184
-
-
Dividends
52
716
-
-
withholding

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

12
212
-
-
total
12
212
-
-
Income
900
900
900
900
Total tax
529
396
549
477
After tax
371
504
351
423
Living cost
329
329
329
329
Free-cash
42
175
22
94

Estimated living cost  is £329 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
£526
£561
£553
£615
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
-
-
-
900
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
-
-
-
135
total
-
-
-
219
Employee
206
-
838
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
84
-
pensions

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

18
-
28
-
health
9
-
15
-
total
50
-
130
-
Employer
206
-
838
-
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
654
900
-
-
income
65
90
-
-
total
65
90
-
-
Dividends
588
810
-
-
withholding
29
40
-
-
total
29
40
-
-
Income
900
900
900
900
Total tax
184
130
192
219
After tax
716
770
708
681
Living cost
155
155
155
155
Free-cash
561
615
553
526

Estimated living cost  is £155 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£563
£609
£590
£652
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
-
-
-
900
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
-
-
-
135
total
-
-
-
219
Employee
157
-
838
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
84
-
pensions

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

14
-
28
-
health
7
-
15
-
total
39
-
130
-
Employer
157
-
838
-
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
712
900
-
-
income
71
90
-
-
total
71
90
-
-
Dividends
641
810
-
-
withholding
32
40
-
-
total
32
40
-
-
Income
900
900
900
900
Total tax
173
130
192
219
After tax
727
770
708
681
Living cost
118
118
118
118
Free-cash
609
652
590
563

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
£430
£401
£429
£449
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
-
-
-
900
health
-
-
-
23
social contributions
-
-
-
140
income
-
-
-
98
total
-
-
-
261
Employee
695
695
817
-
income
76
64
97
-
social contributions
26
58
68
-
health
5
12
14
-
total
107
134
179
-
Employer
695
695
817
-
social contributions
26
58
68
-
health
6
13
15
-
total
32
71
83
-
Corporate
551
135
-
-
income
69
17
-
-
total
69
17
-
-
Dividends
483
118
-
-
withholding
82
20
-
-
total
82
20
-
-
Income
900
900
900
900
Total tax
290
242
262
261
After tax
610
658
638
639
Living cost
209
209
209
209
Free-cash
401
449
429
430

Estimated living cost  is £209 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£346
£327
£345
£365
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
-
-
-
900
health
-
-
-
23
social contributions
-
-
-
140
income
-
-
-
98
total
-
-
-
261
Employee
695
695
817
-
income
73
64
97
-
social contributions
34
58
68
-
health
7
12
14
-
total
114
134
179
-
Employer
695
695
817
-
social contributions
34
58
68
-
health
8
13
15
-
total
42
71
83
-
Corporate
452
135
-
-
income
57
17
-
-
total
57
17
-
-
Dividends
396
118
-
-
withholding
67
20
-
-
total
67
20
-
-
Income
900
900
900
900
Total tax
280
242
262
261
After tax
620
658
638
639
Living cost
293
293
293
293
Free-cash
327
365
345
346

Estimated living cost  is £293 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
£229
£336
£247
£411
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
-
-
-
900
health
-
-
-
122
social contributions
-
-
-
263
income
-
-
-
77
solidarity contribution
-
-
-
-
total
-
-
-
462
Employee
307
-
672
-
income
37
-
81
-
social contributions
20
-
44
-
health
41
-
91
-
solidarity contribution
-
-
-
-
total
98
-
216
-
Employer
307
-
672
-
social contributions
77
-
168
-
health
28
-
60
-
total
105
-
228
-
Corporate
489
900
-
-
income
93
171
-
-
total
93
171
-
-
Dividends
396
729
-
-
withholding
59
109
-
-
total
59
109
-
-
Income
900
900
900
900
Total tax
355
280
444
462
After tax
545
620
456
438
Living cost
209
209
209
209
Free-cash
336
411
247
229

Estimated living cost  is £209 per week

£145
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
£181
£270
£199
£363
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
-
-
-
900
health
-
-
-
122
social contributions
-
-
-
263
income
-
-
-
77
solidarity contribution
-
-
-
-
total
-
-
-
462
Employee
378
-
672
-
income
45
-
81
-
social contributions
25
-
44
-
health
51
-
91
-
solidarity contribution
-
-
-
-
total
121
-
216
-
Employer
378
-
672
-
social contributions
95
-
168
-
health
34
-
60
-
total
129
-
228
-
Corporate
393
900
-
-
income
75
171
-
-
total
75
171
-
-
Dividends
319
729
-
-
withholding
48
109
-
-
total
48
109
-
-
Income
900
900
900
900
Total tax
373
280
444
462
After tax
527
620
456
438
Living cost
257
257
257
257
Free-cash
270
363
199
181

Estimated living cost  is £257 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
£123
-£1073
-£1073
-£1073
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
-
-
-
900
national
-
-
-
95
pensions
-
-
-
8
municipal
-
-
-
167
labour market
-
-
-
71
total
-
-
-
341
Employee
1 842
1 842
1 842
-
municipal
392
392
392
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
767
767
767
-
Employer
1 842
1 842
1 842
-
pensions
5
5
5
-
labour market
147
147
147
-
municipal
393
393
393
-
national
225
225
225
-
total
770
770
770
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
1 537
1 537
1 537
341
After tax
-637
-637
-637
559
Living cost
436
436
436
436
Free-cash
-1 073
-1 073
-1 073
123

Estimated living cost  is £436 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
£264
£447
£301
£502
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
-
-
-
900
health
-
-
-
117
pensions
-
-
-
180
income
-
-
-
121
total
-
-
-
418
Employee
256
-
673
-
unemployment
4
-
11
-
income
29
-
130
-
pensions
5
-
13
-
total
38
-
154
-
Employer
256
-
673
-
pensions
51
-
135
-
health
33
-
87
-
unemployment
2
-
5
-
total
86
-
227
-
Corporate
557
900
-
-
income
111
180
-
-
total
111
180
-
-
Dividends
446
720
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
235
180
381
418
After tax
665
720
519
482
Living cost
218
218
218
218
Free-cash
447
502
301
264

Estimated living cost  is £218 per week

£150
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
£293
£232
£167
£252
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

-
-
-
900
national
-
-
-
90
health
-
-
-
10
municipal
-
-
-
160
total
-
-
-
260
Employee
475
-
757
-
unemployment
7
-
11
-
municipal
78
-
124
-
national
8
-
49
-
pensions
32
-
51
-
health
4
-
8
-
total
129
-
243
-
Employer
475
-
757
-
pensions
82
-
131
-
health
4
-
6
-
accident
-
-
1
-
unemployment
3
-
5
-
total
89
-
143
-
Corporate
335
900
-
-
income
67
180
-
-
total
67
180
-
-
Dividends

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

201
540
-
-
municipal
36
97
-
-
national
-
24
-
-
total
36
121
-
-
Income
900
900
900
900
Total tax
321
301
386
260
After tax
579
599
514
640
Living cost
347
347
347
347
Free-cash
232
252
167
293

Estimated living cost  is £347 per week

£227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
£241
£226
£229
£176
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
-
-
-
900
surtax
-
-
-
-
health
-
-
-
16
pensions
-
-
-
226
social contributions
-
-
-
26
income
-
-
-
85
other
-
-
-
28
total
-
-
-
381
Employee
345
-
686
-
income
18
-
80
-
surtax
-
-
-
-
social contributions
10
-
20
-
pensions
39
-
78
-
total
67
-
178
-
Employer
345
-
686
-
pensions
57
-
113
-
social contributions
1
-
2
-
other
12
-
24
-
health
24
-
48
-
unemployment
14
-
28
-
total
108
-
215
-
Corporate
447
900
-
-
income
125
252
-
-
surtax
-
-
-
-
total
125
252
-
-
Dividends
322
648
-
-
withholding
41
83
-
-
social contributions
55
111
-
-
surtax
-
-
-
-
total
96
194
-
-
Income
900
900
900
900
Total tax
396
446
393
381
After tax
504
454
507
519
Living cost
278
278
278
278
Free-cash
226
176
229
241

Estimated living cost  is £278 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£210
£197
£198
£145
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
-
-
-
900
surtax
-
-
-
-
health
-
-
-
16
pensions
-
-
-
226
social contributions
-
-
-
26
income
-
-
-
85
other
-
-
-
28
total
-
-
-
381
Employee
387
-
686
-
income
23
-
80
-
surtax
-
-
-
-
social contributions
11
-
20
-
pensions
44
-
78
-
total
78
-
178
-
Employer
387
-
686
-
pensions
64
-
113
-
social contributions
1
-
2
-
other
13
-
24
-
health
27
-
48
-
unemployment
16
-
28
-
total
121
-
215
-
Corporate
393
900
-
-
income
110
252
-
-
surtax
-
-
-
-
total
110
252
-
-
Dividends
283
648
-
-
withholding
36
83
-
-
social contributions
49
111
-
-
surtax
-
-
-
-
total
85
194
-
-
Income
900
900
900
900
Total tax
394
446
393
381
After tax
506
454
507
519
Living cost
309
309
309
309
Free-cash
197
145
198
210

Estimated living cost  is £309 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
£83
£79
£71
£18
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
-
-
-
900
surtax
-
-
-
-
health
-
-
-
16
pensions
-
-
-
226
social contributions
-
-
-
26
income
-
-
-
85
other
-
-
-
28
total
-
-
-
381
Employee
566
-
686
-
income
49
-
80
-
surtax
-
-
-
-
social contributions
16
-
20
-
pensions
64
-
78
-
total
129
-
178
-
Employer
566
-
686
-
pensions
93
-
113
-
social contributions
2
-
2
-
other
20
-
24
-
health
40
-
48
-
unemployment
23
-
28
-
total
178
-
215
-
Corporate
157
900
-
-
income
44
252
-
-
surtax
-
-
-
-
total
44
252
-
-
Dividends
113
648
-
-
withholding
15
83
-
-
social contributions
19
111
-
-
surtax
-
-
-
-
total
34
194
-
-
Income
900
900
900
900
Total tax
385
446
393
381
After tax
515
454
507
519
Living cost
436
436
436
436
Free-cash
79
18
71
83

Estimated living cost  is £436 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£833
£786
£662
£797
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%.

-
-
-
900
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
73
-
900
-
income
15
-
180
-
total
15
-
180
-
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%.

827
900
-
-
total
-
-
-
-
Dividends
827
900
-
-
withholding
41
45
-
-
total
41
45
-
-
Income
900
900
900
900
Total tax
56
45
180
9
After tax
844
855
720
891
Living cost
58
58
58
58
Free-cash
786
797
662
833

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
£800
£747
£629
£764
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%.

-
-
-
900
microenterprise

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

-
-
-
9
total
-
-
-
9
Employee
113
-
900
-
income
23
-
180
-
total
23
-
180
-
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%.

787
900
-
-
total
-
-
-
-
Dividends
787
900
-
-
withholding
39
45
-
-
total
39
45
-
-
Income
900
900
900
900
Total tax
62
45
180
9
After tax
838
855
720
891
Living cost
91
91
91
91
Free-cash
747
764
629
800

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
£223
£232
£292
£116
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.

-
-
-
900
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.

-
-
-
10
health

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

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

-
-
-
62
income

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

-
-
-
187
trade
-
-
-
69
total
-
-
-
328
Employee

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

449
-
900
-
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
-
187
-
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
-
10
-
health

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

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

62
-
62
-
total
101
-
259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
451
900
-
-
trade
65
129
-
-
income
68
135
-
-
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
139
274
-
-
Dividends
313
626
-
-
withholding
75
153
-
-
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
8
-
-
total
79
161
-
-
Income
900
900
900
900
Total tax
319
435
259
328
After tax
581
465
641
572
Living cost
349
349
349
349
Free-cash
232
116
292
223

Estimated living cost  is £349 per week

£241
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.
£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.
£66
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
£291
£280
£367
£181
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.

-
-
-
900
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.

-
-
-
10
health

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

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

-
-
-
62
income

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

-
-
-
187
trade
-
-
-
76
total
-
-
-
335
Employee

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

346
-
900
-
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
-
187
-
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
-
10
-
health

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

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

62
-
62
-
total
73
-
259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
554
900
-
-
trade
87
142
-
-
income
83
135
-
-
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.

5
7
-
-
total
177
287
-
-
Dividends
377
613
-
-
withholding
91
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.

5
8
-
-
total
96
158
-
-
Income
900
900
900
900
Total tax
346
445
259
335
After tax
554
455
641
565
Living cost
274
274
274
274
Free-cash
280
181
367
291

Estimated living cost  is £274 per week

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

Additional information

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

Hamburg , Germany
£207
£222
£286
£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

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

-
-
-
900
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.

-
-
-
10
health

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

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

-
-
-
62
income

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

-
-
-
187
trade
-
-
-
79
total
-
-
-
338
Employee

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

458
-
900
-
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
-
187
-
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
-
10
-
health

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

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

62
-
62
-
total
103
-
259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
442
900
-
-
trade
73
148
-
-
income
66
135
-
-
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
145
293
-
-
Dividends
297
607
-
-
withholding
71
148
-
-
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
8
-
-
total
75
156
-
-
Income
900
900
900
900
Total tax
323
449
259
338
After tax
577
451
641
562
Living cost
355
355
355
355
Free-cash
222
96
286
207

Estimated living cost  is £355 per week

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

Additional information

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

Munich , Germany
£145
£177
£227
£32
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.

-
-
-
900
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.

-
-
-
10
health

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

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

-
-
-
62
income

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

-
-
-
187
trade
-
-
-
82
total
-
-
-
341
Employee

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

543
-
900
-
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
-
187
-
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
-
10
-
health

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

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

62
-
62
-
total
130
-
259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
357
900
-
-
trade
61
154
-
-
income
54
135
-
-
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
120
299
-
-
Dividends
237
601
-
-
withholding
56
147
-
-
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
-
-
total
59
155
-
-
Income
900
900
900
900
Total tax
309
454
259
341
After tax
591
446
641
559
Living cost
414
414
414
414
Free-cash
177
32
227
145

Estimated living cost  is £414 per week

£302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
£260
£334
£241
£363
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
-
-
-
900
surtax
-
-
-
21
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
income
-
-
-
170
other
-
-
-
-
total
-
-
-
437
Employee
304
-
743
-
unemployment
21
-
52
-
other
-
-
-
-
income
51
-
159
-
surtax
1
-
19
-
pensions
20
-
50
-
health
8
-
19
-
total
101
-
299
-
Employer
304
-
743
-
pensions
41
-
99
-
other
-
-
-
-
health
14
-
34
-
unemployment
10
-
24
-
total
65
-
157
-
Corporate
532
900
-
-
income
138
234
-
-
total
138
234
-
-
Dividends
393
666
-
-
withholding
59
100
-
-
total
59
100
-
-
Income
900
900
900
900
Total tax
363
334
456
437
After tax
537
566
444
463
Living cost
203
203
203
203
Free-cash
334
363
241
260

Estimated living cost  is £203 per week

£123
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
£264
£338
£245
£367
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
-
-
-
900
surtax
-
-
-
21
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
income
-
-
-
170
other
-
-
-
-
total
-
-
-
437
Employee
299
-
743
-
unemployment
21
-
52
-
other
-
-
-
-
income
50
-
159
-
surtax
1
-
19
-
pensions
20
-
50
-
health
8
-
19
-
total
100
-
299
-
Employer
299
-
743
-
pensions
40
-
99
-
other
-
-
-
-
health
14
-
34
-
unemployment
9
-
24
-
total
63
-
157
-
Corporate
538
900
-
-
income
140
234
-
-
total
140
234
-
-
Dividends
398
666
-
-
withholding
60
100
-
-
total
60
100
-
-
Income
900
900
900
900
Total tax
363
334
456
437
After tax
537
566
444
463
Living cost
199
199
199
199
Free-cash
338
367
245
264

Estimated living cost  is £199 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
£443
£331
£342
£327
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
-
-
-
900
unemployment
-
-
-
14
health
-
-
-
63
pensions
-
-
-
90
income
-
-
-
110
total
-
-
-
277
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.

260
104
753
-
unemployment
4
2
11
-
income
32
13
92
-
pensions
26
10
75
-
health
18
7
53
-
total
80
32
231
-
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.

260
104
753
-
pensions
51
20
147
-
total
51
20
147
-
Corporate
589
776
-
-
income
53
70
-
-
total
53
70
-
-
Dividends
536
706
-
-
withholding
102
134
-
-
social contributions
103
137
-
-
total
205
271
-
-
Income
900
900
900
900
Total tax
389
393
378
277
After tax
511
507
522
623
Living cost
180
180
180
180
Free-cash
331
327
342
443

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
£105
£118
£113
£125
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
-
-
-
900
national
-
-
-
146
pensions
-
-
-
108
social contributions
-
-
-
10
municipal
-
-
-
94
total
-
-
-
358
Employee
678
-
778
-
municipal
84
-
98
-
national
130
-
151
-
pensions
27
-
31
-
total
241
-
280
-
Employer
678
-
778
-
pensions
54
-
62
-
social contributions
7
-
8
-
total
61
-
70
-
Corporate
116
900
-
-
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%.

23
180
-
-
total
23
180
-
-
Dividends
93
720
-
-
withholding
20
158
-
-
total
20
158
-
-
Income
900
900
900
900
Total tax
345
338
350
358
After tax
555
562
550
542
Living cost
437
437
437
437
Free-cash
118
125
113
105

Estimated living cost  is £437 per week

£297
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
£94
£135
£94
£116
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
-
-
-
900
social contributions
-
-
-
80
income
-
-
-
211
total
-
-
-
291
Employee
707
-
900
-
social contributions
59
-
80
-
income
133
-
211
-
total
192
-
291
-
Employer
707
-
900
-
total
-
-
-
-
Corporate
193
900
-
-
income
24
112
-
-
total
24
112
-
-
Dividends
169
788
-
-
withholding
34
157
-
-
total
34
157
-
-
Income
900
900
900
900
Total tax
250
269
291
291
After tax
650
631
609
609
Living cost
515
515
515
515
Free-cash
135
116
94
94

Estimated living cost  is £515 per week

£392
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
£82
£52
£38
£99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
national
-
-
-
191
regional
-
-
-
10
social contributions
-
-
-
231
municipal
-
-
-
5
total
-
-
-
437
Employee
803
-
900
-
municipal
4
-
5
-
national
139
-
164
-
social contributions
271
-
303
-
regional
8
-
9
-
total
422
-
481
-
Employer
803
-
900
-
total
-
-
-
-
Corporate
97
900
-
-
nationa
23
216
-
-
municipal
4
35
-
-
total
27
251
-
-
Dividends
70
649
-
-
withholding
18
169
-
-
total
18
169
-
-
Income
900
900
900
900
Total tax
467
420
481
437
After tax
433
480
419
463
Living cost
381
381
381
381
Free-cash
52
99
38
82

Estimated living cost  is £381 per week

£266
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.
£85
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
£216
£209
£173
£230
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
-
-
-
900
national
-
-
-
191
regional
-
-
-
14
social contributions
-
-
-
231
municipal
-
-
-
5
total
-
-
-
441
Employee
501
-
900
-
municipal
3
-
5
-
national
79
-
164
-
social contributions
169
-
303
-
regional
7
-
12
-
total
258
-
484
-
Employer
501
-
900
-
total
-
-
-
-
Corporate
399
900
-
-
nationa
96
216
-
-
municipal
20
45
-
-
total
116
261
-
-
Dividends
283
639
-
-
withholding
74
166
-
-
total
74
166
-
-
Income
900
900
900
900
Total tax
448
427
484
441
After tax
452
473
416
459
Living cost
243
243
243
243
Free-cash
209
230
173
216

Estimated living cost  is £243 per week

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