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
£ 950
per

Your estimated
City
free-cash

Andorra , Andorra
£451
£554
£477
£584
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
-
-
-
950
social contributions
-
-
-
209
income
-
-
-
19
total
-
-
-
228
Employee
290
-
823
-
social contributions
19
-
53
-
income
-
-
22
-
total
19
-
75
-
Employer
290
-
823
-
social contributions
45
-
127
-
total
45
-
127
-
Corporate
615
950
-
-
income
61
95
-
-
total
61
95
-
-
Dividends
553
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
125
95
202
228
After tax
825
855
748
722
Living cost
271
271
271
271
Free-cash
554
584
477
451

Estimated living cost  is £271 per week

£175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Graz , Austria
£191
£240
-£7
£243
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
-
-
-
950
surtax
-
-
-
-
unemployment
-
-
-
55
health
-
-
-
73
chamber of commerce
-
-
-
4
pensions
-
-
-
176
income
-
-
-
163
total
-
-
-
471
Employee
395
360
738
-
unemployment
12
11
22
-
other
4
4
7
-
income
35
27
146
-
pensions
40
37
76
-
health
15
14
29
-
total
106
93
280
-
Employer
395
360
738
-
pensions
50
45
93
-
surtax
-
-
-
-
payroll
12
11
22
-
other
19
17
35
-
health
15
14
28
-
accident
5
5
10
-
unemployment
12
11
22
-
chamber of commerce
2
1
3
-
total
115
104
213
-
Corporate
442
487
703
-
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.

110
122
176
-
total
110
122
176
-
Dividends
331
365
-
-
withholding
91
100
-
-
total
91
100
-
-
Income
950
950
950
950
Total tax
422
419
669
471
After tax
528
531
281
479
Living cost
288
288
288
288
Free-cash
240
243
-7
191

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
£159
£198
-£35
£212
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
-
-
-
950
surtax
-
-
-
2
unemployment
-
-
-
55
health
-
-
-
73
chamber of commerce
-
-
-
4
pensions
-
-
-
176
income
-
-
-
163
total
-
-
-
473
Employee
451
360
736
-
unemployment
14
11
22
-
other
5
4
7
-
income
51
27
145
-
pensions
46
37
75
-
health
17
14
28
-
total
133
93
277
-
Employer
451
360
736
-
pensions
57
45
92
-
surtax
2
2
2
-
payroll
14
11
22
-
other
21
17
35
-
health
17
14
28
-
accident
6
5
10
-
unemployment
14
11
22
-
chamber of commerce
2
1
3
-
total
133
106
214
-
Corporate
367
485
702
-
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.

92
121
176
-
total
92
121
176
-
Dividends
275
364
-
-
withholding
76
100
-
-
total
76
100
-
-
Income
950
950
950
950
Total tax
434
420
667
473
After tax
516
530
283
477
Living cost
318
318
318
318
Free-cash
198
212
-35
159

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
£111
£70
£39
£203
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
-
-
-
950
national
-
-
-
311
communal

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

-
-
-
48
social contributions
-
-
-
151
total
-
-
-
510
Employee

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

646
-
736
-
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
-
234
-
communal

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

34
-
38
-
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
-
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.

30
-
35
-
total
317
-
368
-
Employer

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

646
-
736
-
surtax
73
-
83
-
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
-
65
-
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
-
45
-
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
-
10
-
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
-
11
-
total
187
-
214
-
Corporate
116
950
-
-
income
23
190
-
-
surtax
-
4
-
-
total
23
194
-
-
Dividends
93
756
-
-
withholding

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

24
224
-
-
total
24
224
-
-
Income
950
950
950
950
Total tax
551
418
582
510
After tax
399
532
368
440
Living cost
329
329
329
329
Free-cash
70
203
39
111

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
£569
£603
£598
£657
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
-
-
-
950
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
-
-
-
142
total
-
-
-
226
Employee
206
-
888
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
89
-
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
-
135
-
Employer
206
-
888
-
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
704
950
-
-
income
70
95
-
-
total
70
95
-
-
Dividends
634
855
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
950
950
950
950
Total tax
192
138
197
226
After tax
758
812
753
724
Living cost
155
155
155
155
Free-cash
603
657
598
569

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
£606
£652
£635
£694
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
-
-
-
950
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
-
-
-
142
total
-
-
-
226
Employee
157
-
888
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
16
-
89
-
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
-
135
-
Employer
157
-
888
-
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
763
950
-
-
income
76
95
-
-
total
76
95
-
-
Dividends
686
855
-
-
withholding
34
43
-
-
total
34
43
-
-
Income
950
950
950
950
Total tax
180
138
197
226
After tax
770
812
753
724
Living cost
118
118
118
118
Free-cash
652
694
635
606

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
£460
£438
£456
£485
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
-
-
-
950
health
-
-
-
24
social contributions
-
-
-
146
income
-
-
-
111
total
-
-
-
281
Employee
694
694
862
-
income
76
64
110
-
social contributions
26
58
72
-
health
5
12
15
-
total
107
134
197
-
Employer
694
694
862
-
social contributions
26
58
72
-
health
6
13
16
-
total
32
71
88
-
Corporate
602
185
-
-
income
75
23
-
-
total
75
23
-
-
Dividends
526
162
-
-
withholding
89
28
-
-
total
89
28
-
-
Income
950
950
950
950
Total tax
303
256
285
281
After tax
647
694
665
669
Living cost
209
209
209
209
Free-cash
438
485
456
460

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
£376
£363
£372
£401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
health
-
-
-
24
social contributions
-
-
-
146
income
-
-
-
111
total
-
-
-
281
Employee
694
694
862
-
income
73
64
110
-
social contributions
34
58
72
-
health
7
12
15
-
total
114
134
197
-
Employer
694
694
862
-
social contributions
34
58
72
-
health
8
13
16
-
total
42
71
88
-
Corporate
502
185
-
-
income
63
23
-
-
total
63
23
-
-
Dividends
440
162
-
-
withholding
75
28
-
-
total
75
28
-
-
Income
950
950
950
950
Total tax
294
256
285
281
After tax
656
694
665
669
Living cost
293
293
293
293
Free-cash
363
401
372
376

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
£254
£371
£273
£446
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
-
-
-
950
health
-
-
-
128
social contributions
-
-
-
277
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
307
-
709
-
income
37
-
85
-
social contributions
20
-
46
-
health
41
-
96
-
solidarity contribution
-
-
-
-
total
98
-
227
-
Employer
307
-
709
-
social contributions
77
-
177
-
health
28
-
64
-
total
105
-
241
-
Corporate
539
950
-
-
income
102
180
-
-
total
102
180
-
-
Dividends
436
770
-
-
withholding
65
115
-
-
total
65
115
-
-
Income
950
950
950
950
Total tax
370
295
468
487
After tax
580
655
482
463
Living cost
209
209
209
209
Free-cash
371
446
273
254

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
£206
£305
£225
£398
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
-
-
-
950
health
-
-
-
128
social contributions
-
-
-
277
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
378
-
709
-
income
45
-
85
-
social contributions
25
-
46
-
health
51
-
96
-
solidarity contribution
-
-
-
-
total
121
-
227
-
Employer
378
-
709
-
social contributions
95
-
177
-
health
34
-
64
-
total
129
-
241
-
Corporate
443
950
-
-
income
84
180
-
-
total
84
180
-
-
Dividends
359
770
-
-
withholding
54
115
-
-
total
54
115
-
-
Income
950
950
950
950
Total tax
388
295
468
487
After tax
562
655
482
463
Living cost
257
257
257
257
Free-cash
305
398
225
206

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
£151
-£1023
-£1023
-£1023
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
-
-
-
950
national
-
-
-
101
pensions
-
-
-
8
municipal
-
-
-
179
labour market
-
-
-
75
total
-
-
-
363
Employee
1 841
1 841
1 841
-
municipal
392
392
392
-
national
225
225
225
-
pensions
3
3
3
-
labour market
147
147
147
-
total
767
767
767
-
Employer
1 841
1 841
1 841
-
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
950
950
950
950
Total tax
1 537
1 537
1 537
363
After tax
-587
-587
-587
587
Living cost
436
436
436
436
Free-cash
-1 023
-1 023
-1 023
151

Estimated living cost  is £436 per week

£298
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
£292
£487
£330
£542
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
-
-
-
950
health
-
-
-
123
pensions
-
-
-
190
income
-
-
-
127
total
-
-
-
440
Employee
256
-
710
-
unemployment
4
-
11
-
income
29
-
137
-
pensions
5
-
14
-
total
38
-
162
-
Employer
256
-
710
-
pensions
51
-
142
-
health
33
-
92
-
unemployment
2
-
6
-
total
86
-
240
-
Corporate
607
950
-
-
income
121
190
-
-
total
121
190
-
-
Dividends
486
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
245
190
402
440
After tax
705
760
548
510
Living cost
218
218
218
218
Free-cash
487
542
330
292

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
£322
£266
£191
£281
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

-
-
-
950
national
-
-
-
101
health
-
-
-
11
municipal
-
-
-
169
total
-
-
-
281
Employee
475
-
799
-
unemployment
7
-
12
-
municipal
78
-
130
-
national
8
-
56
-
pensions
32
-
54
-
health
4
-
9
-
total
129
-
261
-
Employer
475
-
799
-
pensions
82
-
139
-
health
4
-
6
-
accident
-
-
1
-
unemployment
3
-
5
-
total
89
-
151
-
Corporate
385
950
-
-
income
77
190
-
-
total
77
190
-
-
Dividends

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

231
570
-
-
municipal
42
103
-
-
national
-
29
-
-
total
42
132
-
-
Income
950
950
950
950
Total tax
337
322
412
281
After tax
613
628
538
669
Living cost
347
347
347
347
Free-cash
266
281
191
322

Estimated living cost  is £347 per week

£226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
£268
£250
£314
£200
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
20
pensions
-
-
-
230
social contributions
-
-
-
27
income
-
-
-
97
other
-
-
-
30
total
-
-
-
404
Employee
345
-
769
-
income
18
-
117
-
surtax
-
-
-
-
social contributions
10
-
22
-
pensions
39
-
38
-
total
67
-
177
-
Employer
345
-
769
-
pensions
57
-
67
-
social contributions
1
-
2
-
other
12
-
27
-
health
24
-
54
-
unemployment
14
-
31
-
total
108
-
181
-
Corporate
497
950
-
-
income
139
266
-
-
surtax
-
-
-
-
total
139
266
-
-
Dividends
358
684
-
-
withholding
46
88
-
-
social contributions
62
118
-
-
surtax
-
-
-
-
total
108
206
-
-
Income
950
950
950
950
Total tax
422
472
358
404
After tax
528
478
592
546
Living cost
278
278
278
278
Free-cash
250
200
314
268

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
£237
£223
£283
£169
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
20
pensions
-
-
-
230
social contributions
-
-
-
27
income
-
-
-
97
other
-
-
-
30
total
-
-
-
404
Employee
386
-
769
-
income
23
-
117
-
surtax
-
-
-
-
social contributions
11
-
22
-
pensions
44
-
38
-
total
78
-
177
-
Employer
386
-
769
-
pensions
63
-
67
-
social contributions
1
-
2
-
other
13
-
27
-
health
27
-
54
-
unemployment
16
-
31
-
total
120
-
181
-
Corporate
443
950
-
-
income
124
266
-
-
surtax
-
-
-
-
total
124
266
-
-
Dividends
319
684
-
-
withholding
41
88
-
-
social contributions
55
118
-
-
surtax
-
-
-
-
total
96
206
-
-
Income
950
950
950
950
Total tax
418
472
358
404
After tax
532
478
592
546
Living cost
309
309
309
309
Free-cash
223
169
283
237

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
£110
£104
£156
£42
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
-
-
-
950
surtax
-
-
-
-
health
-
-
-
20
pensions
-
-
-
230
social contributions
-
-
-
27
income
-
-
-
97
other
-
-
-
30
total
-
-
-
404
Employee
565
-
769
-
income
49
-
117
-
surtax
-
-
-
-
social contributions
16
-
22
-
pensions
64
-
38
-
total
129
-
177
-
Employer
565
-
769
-
pensions
93
-
67
-
social contributions
2
-
2
-
other
20
-
27
-
health
40
-
54
-
unemployment
23
-
31
-
total
178
-
181
-
Corporate
208
950
-
-
income
58
266
-
-
surtax
-
-
-
-
total
58
266
-
-
Dividends
150
684
-
-
withholding
19
88
-
-
social contributions
26
118
-
-
surtax
-
-
-
-
total
45
206
-
-
Income
950
950
950
950
Total tax
410
472
358
404
After tax
540
478
592
546
Living cost
436
436
436
436
Free-cash
104
42
156
110

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
£883
£833
£702
£845
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%.

-
-
-
950
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
-
950
-
income
15
-
190
-
total
15
-
190
-
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%.

877
950
-
-
total
-
-
-
-
Dividends
877
950
-
-
withholding
44
47
-
-
total
44
47
-
-
Income
950
950
950
950
Total tax
59
47
190
9
After tax
891
903
760
941
Living cost
58
58
58
58
Free-cash
833
845
702
883

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
£850
£794
£669
£812
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%.

-
-
-
950
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
-
950
-
income
23
-
190
-
total
23
-
190
-
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%.

837
950
-
-
total
-
-
-
-
Dividends
837
950
-
-
withholding
42
47
-
-
total
42
47
-
-
Income
950
950
950
950
Total tax
65
47
190
9
After tax
885
903
760
941
Living cost
91
91
91
91
Free-cash
794
812
669
850

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
£245
£259
£321
£141
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.

-
-
-
950
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.

-
-
-
11
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.

-
-
-
207
trade
-
-
-
76
total
-
-
-
356
Employee

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

449
-
950
-
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
-
207
-
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
-
11
-
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
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
501
950
-
-
trade
72
136
-
-
income
75
142
-
-
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
8
-
-
total
153
289
-
-
Dividends
348
661
-
-
withholding
83
162
-
-
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
9
-
-
total
88
171
-
-
Income
950
950
950
950
Total tax
342
460
280
356
After tax
608
490
670
594
Living cost
349
349
349
349
Free-cash
259
141
321
245

Estimated living cost  is £349 per week

£240
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
£313
£307
£397
£207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
11
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.

-
-
-
207
trade
-
-
-
84
total
-
-
-
364
Employee

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

345
-
950
-
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
-
207
-
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
-
11
-
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
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
605
950
-
-
trade
95
150
-
-
income
91
142
-
-
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
8
-
-
total
193
303
-
-
Dividends
412
647
-
-
withholding
99
158
-
-
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
9
-
-
total
104
167
-
-
Income
950
950
950
950
Total tax
370
470
280
364
After tax
580
480
670
586
Living cost
273
273
273
273
Free-cash
307
207
397
313

Estimated living cost  is £273 per week

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

Additional information

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

Hamburg , Germany
£228
£248
£315
£120
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.

-
-
-
950
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.

-
-
-
11
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.

-
-
-
207
trade
-
-
-
87
total
-
-
-
367
Employee

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

458
-
950
-
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
-
207
-
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
-
11
-
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
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
492
950
-
-
trade
81
156
-
-
income
74
142
-
-
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
8
-
-
total
161
309
-
-
Dividends
331
641
-
-
withholding
79
157
-
-
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
9
-
-
total
83
166
-
-
Income
950
950
950
950
Total tax
347
475
280
367
After tax
603
475
670
583
Living cost
355
355
355
355
Free-cash
248
120
315
228

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
£165
£202
£256
£56
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.

-
-
-
950
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.

-
-
-
11
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.

-
-
-
207
trade
-
-
-
91
total
-
-
-
371
Employee

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

543
-
950
-
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
-
207
-
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
-
11
-
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
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
407
950
-
-
trade
70
163
-
-
income
61
142
-
-
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
8
-
-
total
136
316
-
-
Dividends
271
634
-
-
withholding
64
155
-
-
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
9
-
-
total
68
164
-
-
Income
950
950
950
950
Total tax
334
480
280
371
After tax
616
470
670
579
Living cost
414
414
414
414
Free-cash
202
56
256
165

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
£281
£365
£262
£395
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
-
-
-
950
surtax
-
-
-
23
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
income
-
-
-
184
other
-
-
-
-
total
-
-
-
466
Employee
304
-
785
-
unemployment
21
-
55
-
other
-
-
-
-
income
51
-
171
-
surtax
1
-
21
-
pensions
20
-
52
-
health
8
-
20
-
total
101
-
319
-
Employer
304
-
785
-
pensions
41
-
105
-
other
-
-
-
-
health
14
-
36
-
unemployment
10
-
25
-
total
65
-
166
-
Corporate
582
950
-
-
income
151
247
-
-
total
151
247
-
-
Dividends
431
703
-
-
withholding
65
105
-
-
total
65
105
-
-
Income
950
950
950
950
Total tax
382
352
485
466
After tax
568
598
465
484
Living cost
203
203
203
203
Free-cash
365
395
262
281

Estimated living cost  is £203 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
£285
£370
£266
£399
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
-
-
-
950
surtax
-
-
-
23
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
income
-
-
-
184
other
-
-
-
-
total
-
-
-
466
Employee
299
-
785
-
unemployment
21
-
55
-
other
-
-
-
-
income
50
-
171
-
surtax
1
-
21
-
pensions
20
-
52
-
health
8
-
20
-
total
100
-
319
-
Employer
299
-
785
-
pensions
40
-
105
-
other
-
-
-
-
health
14
-
36
-
unemployment
9
-
25
-
total
63
-
166
-
Corporate
589
950
-
-
income
153
247
-
-
total
153
247
-
-
Dividends
436
703
-
-
withholding
65
105
-
-
total
65
105
-
-
Income
950
950
950
950
Total tax
381
352
485
466
After tax
569
598
465
484
Living cost
199
199
199
199
Free-cash
370
399
266
285

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
£477
£359
£370
£355
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
-
-
-
950
unemployment
-
-
-
14
health
-
-
-
67
pensions
-
-
-
95
income
-
-
-
116
total
-
-
-
292
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.

261
104
795
-
unemployment
4
2
12
-
income
32
13
97
-
pensions
26
10
79
-
health
18
7
56
-
total
80
32
244
-
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.

261
104
795
-
pensions
51
20
155
-
total
51
20
155
-
Corporate
638
826
-
-
income
57
74
-
-
total
57
74
-
-
Dividends
581
752
-
-
withholding
110
143
-
-
social contributions
112
145
-
-
total
222
288
-
-
Income
950
950
950
950
Total tax
410
414
399
292
After tax
540
536
551
658
Living cost
181
181
181
181
Free-cash
359
355
370
477

Estimated living cost  is £181 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
£135
£150
£141
£157
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
-
-
-
950
national
-
-
-
155
pensions
-
-
-
114
social contributions
-
-
-
10
municipal
-
-
-
100
total
-
-
-
379
Employee
676
-
821
-
municipal
83
-
104
-
national
129
-
161
-
pensions
27
-
33
-
total
239
-
298
-
Employer
676
-
821
-
pensions
54
-
66
-
social contributions
7
-
9
-
total
61
-
75
-
Corporate
168
950
-
-
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%.

34
190
-
-
total
34
190
-
-
Dividends
135
760
-
-
withholding
30
167
-
-
total
30
167
-
-
Income
950
950
950
950
Total tax
364
357
373
379
After tax
586
593
577
571
Living cost
436
436
436
436
Free-cash
150
157
141
135

Estimated living cost  is £436 per week

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

Additional information

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

Dublin , Ireland
£120
£171
£120
£151
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
-
-
-
950
social contributions
-
-
-
85
income
-
-
-
231
total
-
-
-
316
Employee
706
-
950
-
social contributions
59
-
85
-
income
133
-
231
-
total
192
-
316
-
Employer
706
-
950
-
total
-
-
-
-
Corporate
244
950
-
-
income
30
119
-
-
total
30
119
-
-
Dividends
213
831
-
-
withholding
43
166
-
-
total
43
166
-
-
Income
950
950
950
950
Total tax
265
285
316
316
After tax
685
665
634
634
Living cost
514
514
514
514
Free-cash
171
151
120
120

Estimated living cost  is £514 per week

£391
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
£103
£78
£59
£126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
national
-
-
-
205
regional
-
-
-
11
social contributions
-
-
-
244
municipal
-
-
-
6
total
-
-
-
466
Employee
802
-
950
-
municipal
4
-
5
-
national
139
-
176
-
social contributions
271
-
320
-
regional
8
-
9
-
total
422
-
510
-
Employer
802
-
950
-
total
-
-
-
-
Corporate
148
950
-
-
nationa
35
228
-
-
municipal
6
37
-
-
total
41
265
-
-
Dividends
106
685
-
-
withholding
28
178
-
-
total
28
178
-
-
Income
950
950
950
950
Total tax
491
443
510
466
After tax
459
507
440
484
Living cost
381
381
381
381
Free-cash
78
126
59
103

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
£238
£236
£193
£257
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
-
-
-
950
national
-
-
-
205
regional
-
-
-
14
social contributions
-
-
-
244
municipal
-
-
-
6
total
-
-
-
469
Employee
501
-
950
-
municipal
3
-
5
-
national
79
-
176
-
social contributions
169
-
320
-
regional
7
-
13
-
total
258
-
514
-
Employer
501
-
950
-
total
-
-
-
-
Corporate
449
950
-
-
nationa
108
228
-
-
municipal
22
47
-
-
total
130
275
-
-
Dividends
319
675
-
-
withholding
83
175
-
-
total
83
175
-
-
Income
950
950
950
950
Total tax
471
450
514
469
After tax
479
500
436
481
Living cost
243
243
243
243
Free-cash
236
257
193
238

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