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
£597
£487
£461
£568
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
-
-
-
22
total
-
-
-
231
Employee
276
-
823
-
social contributions
18
-
53
-
income
-
-
25
-
total
18
-
78
-
Employer
276
-
823
-
social contributions
43
-
127
-
total
43
-
127
-
Corporate
632
950
-
-
income
63
95
-
-
total
63
95
-
-
Dividends
568
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
124
95
205
231
After tax
826
855
745
719
Living cost
258
258
258
258
Free-cash
568
597
487
461

Estimated living cost  is £258 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
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.
£67
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
£261
£2
£200
£255
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
chamber of commerce
-
-
-
4
unemployment
-
-
-
53
health
-
-
-
73
pensions
-
-
-
176
income
-
-
-
170
surtax
-
-
-
-
total
-
-
-
476
Employee
375
342
738
-
health
15
13
29
-
pensions
38
35
76
-
other
4
3
7
-
unemployment
11
10
22
-
income
33
25
151
-
total
101
86
285
-
Employer
375
342
738
-
pensions
47
43
93
-
accident
5
4
10
-
unemployment
11
10
22
-
surtax
-
-
-
-
payroll
11
10
22
-
chamber of commerce
1
1
3
-
health
14
13
28
-
other
18
16
35
-
total
107
97
213
-
Corporate
467
510
705
-
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.

117
127
176
-
total
117
127
176
-
Dividends
350
382
-
-
withholding
96
105
-
-
total
96
105
-
-
Income
950
950
950
950
Total tax
421
415
674
476
After tax
529
535
276
474
Living cost
274
274
274
274
Free-cash
255
261
2
200

Estimated living cost  is £274 per week

£164
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.
£77
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
£231
-£26
£170
£214
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
chamber of commerce
-
-
-
4
unemployment
-
-
-
53
health
-
-
-
73
pensions
-
-
-
176
income
-
-
-
170
surtax
-
-
-
2
total
-
-
-
478
Employee
429
342
736
-
health
17
13
29
-
pensions
44
35
75
-
other
4
3
7
-
unemployment
13
10
22
-
income
49
25
151
-
total
127
86
284
-
Employer
429
342
736
-
pensions
54
43
92
-
accident
6
4
10
-
unemployment
13
10
22
-
surtax
2
2
2
-
payroll
13
10
22
-
chamber of commerce
2
1
3
-
health
16
13
28
-
other
20
16
35
-
total
126
99
214
-
Corporate
396
508
704
-
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.

99
127
176
-
total
99
127
176
-
Dividends
297
381
-
-
withholding
82
105
-
-
total
82
105
-
-
Income
950
950
950
950
Total tax
434
417
674
478
After tax
516
533
276
472
Living cost
302
302
302
302
Free-cash
214
231
-26
170

Estimated living cost  is £302 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
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

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
£219
£53
£122
£89
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
153
communal

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

-
-
-
48
national
-
-
-
314
total
-
-
-
515
Employee

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

614
-
736
-
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.

29
-
35
-
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.

46
-
55
-
communal

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

32
-
38
-
national
189
-
236
-
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.

5
-
6
-
total
301
-
370
-
Employer

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

614
-
736
-
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
-
surtax
70
-
83
-
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.

38
-
45
-
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.

54
-
65
-
total
179
-
214
-
Corporate
158
950
-
-
surtax
1
4
-
-
income
32
190
-
-
total
33
194
-
-
Dividends
126
756
-
-
withholding

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

35
224
-
-
total
35
224
-
-
Income
950
950
950
950
Total tax
548
418
584
515
After tax
402
532
366
435
Living cost
313
313
313
313
Free-cash
89
219
53
122

Estimated living cost  is £313 per week

£201
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.
£79
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
£665
£612
£581
£613
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
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
143
total
-
-
-
222
Employee
195
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
26
-
income
20
-
89
-
total
48
-
132
-
Employer
195
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
13
-
21
-
pensions

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

22
-
33
-
total
38
-
59
-
Corporate
716
950
-
-
income
72
95
-
-
total
72
95
-
-
Dividends
645
855
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
950
950
950
950
Total tax
190
138
191
222
After tax
760
812
759
728
Living cost
147
147
147
147
Free-cash
613
665
612
581

Estimated living cost  is £147 per week

£98
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.
£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.
£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
Varna , Bulgaria
£700
£647
£616
£660
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
-
-
-
34
pensions

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

-
-
-
44
income
-
-
-
143
total
-
-
-
222
Employee
149
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
26
-
income
15
-
89
-
total
37
-
132
-
Employer
149
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
10
-
21
-
pensions

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

16
-
33
-
total
29
-
59
-
Corporate
772
950
-
-
income
77
95
-
-
total
77
95
-
-
Dividends
695
855
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
950
950
950
950
Total tax
178
138
191
222
After tax
772
812
759
728
Living cost
112
112
112
112
Free-cash
660
700
647
616

Estimated living cost  is £112 per week

£66
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.
£36
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
£496
£460
£469
£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
-
-
-
950
social contributions
-
-
-
139
health
-
-
-
24
income
-
-
-
119
total
-
-
-
282
Employee
660
660
862
-
health
5
11
15
-
social contributions
25
55
72
-
income
72
61
116
-
total
102
127
203
-
Employer
660
660
862
-
social contributions
25
55
72
-
health
6
12
16
-
total
31
67
88
-
Corporate
619
223
-
-
income
77
28
-
-
total
77
28
-
-
Dividends
542
196
-
-
withholding
92
33
-
-
total
92
33
-
-
Income
950
950
950
950
Total tax
302
255
291
282
After tax
648
695
659
668
Living cost
199
199
199
199
Free-cash
449
496
460
469

Estimated living cost  is £199 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
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.
£56
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
£417
£381
£390
£381
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
-
-
-
139
health
-
-
-
24
income
-
-
-
119
total
-
-
-
282
Employee
660
660
862
-
health
7
11
15
-
social contributions
32
55
72
-
income
69
61
116
-
total
108
127
203
-
Employer
660
660
862
-
social contributions
32
55
72
-
health
7
12
16
-
total
39
67
88
-
Corporate
525
223
-
-
income
66
28
-
-
total
66
28
-
-
Dividends
459
196
-
-
withholding
78
33
-
-
total
78
33
-
-
Income
950
950
950
950
Total tax
291
255
291
282
After tax
659
695
659
668
Living cost
278
278
278
278
Free-cash
381
417
381
390

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
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.
£62
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
£452
£280
£261
£380
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
-
-
-
277
health
-
-
-
128
solidarity contribution
-
-
-
-
income
-
-
-
82
total
-
-
-
487
Employee
297
-
709
-
health
40
-
96
-
social contributions
19
-
46
-
solidarity contribution
-
-
-
-
income
36
-
85
-
total
95
-
227
-
Employer
297
-
709
-
social contributions
74
-
177
-
health
27
-
64
-
total
101
-
241
-
Corporate
552
950
-
-
income
105
181
-
-
total
105
181
-
-
Dividends
447
769
-
-
withholding
67
115
-
-
total
67
115
-
-
Income
950
950
950
950
Total tax
368
296
468
487
After tax
582
654
482
463
Living cost
202
202
202
202
Free-cash
380
452
280
261

Estimated living cost  is £202 per week

£140
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.
£43
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
£405
£233
£214
£317
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
-
-
-
277
health
-
-
-
128
solidarity contribution
-
-
-
-
income
-
-
-
82
total
-
-
-
487
Employee
366
-
709
-
health
49
-
96
-
social contributions
24
-
46
-
solidarity contribution
-
-
-
-
income
44
-
85
-
total
117
-
227
-
Employer
366
-
709
-
social contributions
91
-
177
-
health
33
-
64
-
total
124
-
241
-
Corporate
460
950
-
-
income
87
181
-
-
total
87
181
-
-
Dividends
373
769
-
-
withholding
56
115
-
-
total
56
115
-
-
Income
950
950
950
950
Total tax
384
296
468
487
After tax
566
654
482
463
Living cost
249
249
249
249
Free-cash
317
405
233
214

Estimated living cost  is £249 per week

£185
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.
£46
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
-£924
-£924
£171
-£924
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
labour market
-
-
-
75
municipal
-
-
-
181
pensions
-
-
-
7
national
-
-
-
102
total
-
-
-
365
Employee
1 748
1 748
1 748
-
municipal
372
372
372
-
pensions
2
2
2
-
national
214
214
214
-
labour market
140
140
140
-
total
728
728
728
-
Employer
1 748
1 748
1 748
-
labour market
140
140
140
-
national
214
214
214
-
municipal
373
373
373
-
pensions
5
5
5
-
total
732
732
732
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 460
1 460
1 460
365
After tax
-510
-510
-510
585
Living cost
414
414
414
414
Free-cash
-924
-924
-924
171

Estimated living cost  is £414 per week

£283
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.
£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.
£88
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
£553
£341
£303
£499
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
243
-
710
-
pensions
5
-
14
-
unemployment
4
-
11
-
income
27
-
137
-
total
36
-
162
-
Employer
243
-
710
-
pensions
49
-
142
-
unemployment
2
-
6
-
health
32
-
92
-
total
83
-
240
-
Corporate
624
950
-
-
income
125
190
-
-
total
125
190
-
-
Dividends
500
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
244
190
402
440
After tax
706
760
548
510
Living cost
207
207
207
207
Free-cash
499
553
341
303

Estimated living cost  is £207 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
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.
£49
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
£295
£205
£335
£288
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
health
-
-
-
11
municipal
-
-
-
169
national
-
-
-
106
total
-
-
-
286
Employee
451
-
799
-
health
3
-
9
-
municipal
74
-
130
-
pensions
30
-
54
-
national
7
-
60
-
unemployment
7
-
12
-
total
121
-
265
-
Employer
451
-
799
-
accident
-
-
1
-
unemployment
3
-
5
-
health
3
-
6
-
pensions
78
-
139
-
total
84
-
151
-
Corporate
414
950
-
-
income
83
190
-
-
total
83
190
-
-
Dividends

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

248
570
-
-
municipal
45
103
-
-
national
-
33
-
-
total
45
136
-
-
Income
950
950
950
950
Total tax
333
326
416
286
After tax
617
624
534
664
Living cost
329
329
329
329
Free-cash
288
295
205
335

Estimated living cost  is £329 per week

£215
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.
£77
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
£214
£321
£280
£263
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
-
-
-
27
health
-
-
-
23
pensions
-
-
-
223
other
-
-
-
29
income
-
-
-
104
surtax
-
-
-
-
total
-
-
-
406
Employee
328
-
766
-
income
17
-
120
-
social contributions
9
-
22
-
pensions
37
-
40
-
surtax
-
-
-
-
total
63
-
182
-
Employer
328
-
766
-
pensions
54
-
69
-
social contributions
1
-
2
-
unemployment
13
-
31
-
health
23
-
55
-
other
11
-
26
-
total
102
-
183
-
Corporate
520
950
-
-
surtax
-
-
-
-
income
146
266
-
-
total
146
266
-
-
Dividends
374
684
-
-
surtax
-
-
-
-
withholding
48
88
-
-
social contributions
64
118
-
-
total
112
206
-
-
Income
950
950
950
950
Total tax
423
472
365
406
After tax
527
478
585
544
Living cost
264
264
264
264
Free-cash
263
214
321
280

Estimated living cost  is £264 per week

£153
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.
£79
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
£185
£292
£251
£236
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
-
-
-
27
health
-
-
-
23
pensions
-
-
-
223
other
-
-
-
29
income
-
-
-
104
surtax
-
-
-
-
total
-
-
-
406
Employee
367
-
766
-
income
22
-
120
-
social contributions
10
-
22
-
pensions
42
-
40
-
surtax
-
-
-
-
total
74
-
182
-
Employer
367
-
766
-
pensions
60
-
69
-
social contributions
1
-
2
-
unemployment
15
-
31
-
health
26
-
55
-
other
13
-
26
-
total
115
-
183
-
Corporate
468
950
-
-
surtax
-
-
-
-
income
131
266
-
-
total
131
266
-
-
Dividends
337
684
-
-
surtax
-
-
-
-
withholding
43
88
-
-
social contributions
58
118
-
-
total
101
206
-
-
Income
950
950
950
950
Total tax
421
472
365
406
After tax
529
478
585
544
Living cost
293
293
293
293
Free-cash
236
185
292
251

Estimated living cost  is £293 per week

£185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
£64
£171
£130
£122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
27
health
-
-
-
23
pensions
-
-
-
223
other
-
-
-
29
income
-
-
-
104
surtax
-
-
-
-
total
-
-
-
406
Employee
537
-
766
-
income
47
-
120
-
social contributions
15
-
22
-
pensions
61
-
40
-
surtax
-
-
-
-
total
123
-
182
-
Employer
537
-
766
-
pensions
88
-
69
-
social contributions
2
-
2
-
unemployment
22
-
31
-
health
38
-
55
-
other
19
-
26
-
total
169
-
183
-
Corporate
245
950
-
-
surtax
-
-
-
-
income
69
266
-
-
total
69
266
-
-
Dividends
176
684
-
-
surtax
-
-
-
-
withholding
23
88
-
-
social contributions
30
118
-
-
total
53
206
-
-
Income
950
950
950
950
Total tax
414
472
365
406
After tax
536
478
585
544
Living cost
414
414
414
414
Free-cash
122
64
171
130

Estimated living cost  is £414 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
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.
£94
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
£842
£699
£879
£830
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.

-
-
-
10
total
-
-
-
10
Employee
76
-
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%.

874
950
-
-
total
-
-
-
-
Dividends
874
950
-
-
withholding
44
47
-
-
total
44
47
-
-
Income
950
950
950
950
Total tax
59
47
190
10
After tax
891
903
760
940
Living cost
61
61
61
61
Free-cash
830
842
699
879

Estimated living cost  is £61 per week

£38
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
£809
£666
£846
£790
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.

-
-
-
10
total
-
-
-
10
Employee
118
-
950
-
income
24
-
190
-
total
24
-
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%.

832
950
-
-
total
-
-
-
-
Dividends
832
950
-
-
withholding
42
47
-
-
total
42
47
-
-
Income
950
950
950
950
Total tax
66
47
190
10
After tax
884
903
760
940
Living cost
94
94
94
94
Free-cash
790
809
666
846

Estimated living cost  is £94 per week

£64
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£159
£332
£253
£271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
59
trade
-
-
-
79
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.

-
-
-
216
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.

-
-
-
12
total
-
-
-
366
Employee

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

427
-
950
-
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.

59
-
59
-
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
-
12
-
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.

35
-
216
-
total
96
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
523
950
-
-
trade
75
136
-
-
surtax

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

4
8
-
-
chamber of commerce
2
3
-
-
income
78
142
-
-
total
159
289
-
-
Dividends
363
661
-
-
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
-
-
withholding
88
162
-
-
total
93
171
-
-
Income
950
950
950
950
Total tax
348
460
287
366
After tax
602
490
663
584
Living cost
331
331
331
331
Free-cash
271
159
332
253

Estimated living cost  is £331 per week

£228
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.
£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.
£62
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
£219
£403
£316
£314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
59
trade
-
-
-
87
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.

-
-
-
216
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.

-
-
-
12
total
-
-
-
374
Employee

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

328
-
950
-
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.

59
-
59
-
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
-
12
-
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.

9
-
216
-
total
69
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
622
950
-
-
trade
98
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
-
-
chamber of commerce
2
3
-
-
income
93
142
-
-
total
198
303
-
-
Dividends
423
647
-
-
surtax

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

6
9
-
-
withholding
103
159
-
-
total
109
168
-
-
Income
950
950
950
950
Total tax
376
471
287
374
After tax
574
479
663
576
Living cost
260
260
260
260
Free-cash
314
219
403
316

Estimated living cost  is £260 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
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.
£61
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
£138
£326
£235
£259
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
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.

-
-
-
59
trade
-
-
-
91
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.

-
-
-
216
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.

-
-
-
12
total
-
-
-
378
Employee

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

435
-
950
-
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.

59
-
59
-
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
-
12
-
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
-
216
-
total
98
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
515
950
-
-
trade
85
156
-
-
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
-
-
chamber of commerce
2
3
-
-
income
77
142
-
-
total
168
309
-
-
Dividends
347
641
-
-
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
-
-
withholding
83
157
-
-
total
88
166
-
-
Income
950
950
950
950
Total tax
354
475
287
378
After tax
596
475
663
572
Living cost
337
337
337
337
Free-cash
259
138
326
235

Estimated living cost  is £337 per week

£225
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.
£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.
£71
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
£77
£270
£175
£215
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
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.

-
-
-
59
trade
-
-
-
95
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.

-
-
-
216
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.

-
-
-
12
total
-
-
-
382
Employee

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

515
-
950
-
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.

59
-
59
-
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
-
12
-
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.

61
-
216
-
total
123
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
435
950
-
-
trade
75
163
-
-
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
-
-
chamber of commerce
2
3
-
-
income
65
142
-
-
total
146
316
-
-
Dividends
289
634
-
-
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
-
-
withholding
69
155
-
-
total
73
164
-
-
Income
950
950
950
950
Total tax
342
480
287
382
After tax
608
470
663
568
Living cost
393
393
393
393
Free-cash
215
77
270
175

Estimated living cost  is £393 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
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.
£69
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
£405
£266
£283
£379
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
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
other
-
-
-
-
income
-
-
-
190
surtax
-
-
-
25
total
-
-
-
474
Employee
289
-
785
-
health
7
-
20
-
pensions
19
-
52
-
surtax
1
-
22
-
other
-
-
-
-
unemployment
20
-
55
-
income
48
-
176
-
total
95
-
325
-
Employer
289
-
785
-
pensions
38
-
105
-
unemployment
9
-
25
-
health
13
-
36
-
other
-
-
-
-
total
60
-
166
-
Corporate
600
950
-
-
income
156
247
-
-
total
156
247
-
-
Dividends
444
703
-
-
withholding
67
105
-
-
total
67
105
-
-
Income
950
950
950
950
Total tax
378
352
491
474
After tax
572
598
459
476
Living cost
193
193
193
193
Free-cash
379
405
266
283

Estimated living cost  is £193 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
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.
£55
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
£409
£270
£287
£381
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
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
other
-
-
-
-
income
-
-
-
190
surtax
-
-
-
25
total
-
-
-
474
Employee
284
-
785
-
health
7
-
20
-
pensions
19
-
52
-
surtax
1
-
22
-
other
-
-
-
-
unemployment
20
-
55
-
income
48
-
176
-
total
95
-
325
-
Employer
284
-
785
-
pensions
38
-
105
-
unemployment
9
-
25
-
health
13
-
36
-
other
-
-
-
-
total
60
-
166
-
Corporate
607
950
-
-
income
158
247
-
-
total
158
247
-
-
Dividends
449
703
-
-
withholding
67
105
-
-
total
67
105
-
-
Income
950
950
950
950
Total tax
380
352
491
474
After tax
570
598
459
476
Living cost
189
189
189
189
Free-cash
381
409
270
287

Estimated living cost  is £189 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
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.
£52
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
£367
£383
£490
£371
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.

243
97
795
-
health
17
7
56
-
pensions
24
10
79
-
unemployment
4
1
12
-
income
30
12
97
-
total
75
30
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.

243
97
795
-
pensions
47
19
155
-
total
47
19
155
-
Corporate
660
834
-
-
income
59
75
-
-
total
59
75
-
-
Dividends
600
759
-
-
withholding
114
144
-
-
social contributions
116
147
-
-
total
230
291
-
-
Income
950
950
950
950
Total tax
411
415
399
292
After tax
539
535
551
658
Living cost
168
168
168
168
Free-cash
371
367
383
490

Estimated living cost  is £168 per week

£115
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.
£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.
£36
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
£160
£144
£138
£152
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
-
-
-
10
municipal
-
-
-
100
pensions
-
-
-
114
national
-
-
-
155
total
-
-
-
379
Employee
671
-
821
-
municipal
83
-
104
-
pensions
27
-
33
-
national
128
-
161
-
total
238
-
298
-
Employer
671
-
821
-
social contributions
7
-
9
-
pensions
54
-
66
-
total
61
-
75
-
Corporate
174
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%.

35
190
-
-
total
35
190
-
-
Dividends
139
760
-
-
withholding
31
167
-
-
total
31
167
-
-
Income
950
950
950
950
Total tax
365
357
373
379
After tax
585
593
577
571
Living cost
433
433
433
433
Free-cash
152
160
144
138

Estimated living cost  is £433 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
£176
£137
£137
£194
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
-
-
-
86
income
-
-
-
238
total
-
-
-
324
Employee
671
-
950
-
social contributions
56
-
86
-
income
127
-
238
-
total
183
-
324
-
Employer
671
-
950
-
total
-
-
-
-
Corporate
279
950
-
-
income
35
119
-
-
total
35
119
-
-
Dividends
244
831
-
-
withholding
49
166
-
-
total
49
166
-
-
Income
950
950
950
950
Total tax
267
285
324
324
After tax
683
665
626
626
Living cost
489
489
489
489
Free-cash
194
176
137
137

Estimated living cost  is £489 per week

£372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£72
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
£145
£75
£119
£101
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
regional
-
-
-
11
social contributions
-
-
-
244
municipal
-
-
-
6
national
-
-
-
208
total
-
-
-
469
Employee
762
-
950
-
regional
7
-
9
-
municipal
4
-
5
-
social contributions
257
-
320
-
national
132
-
179
-
total
400
-
513
-
Employer
762
-
950
-
total
-
-
-
-
Corporate
188
950
-
-
nationa
45
228
-
-
municipal
7
37
-
-
total
52
265
-
-
Dividends
135
685
-
-
withholding
35
178
-
-
total
35
178
-
-
Income
950
950
950
950
Total tax
487
443
513
469
After tax
463
507
437
481
Living cost
362
362
362
362
Free-cash
101
145
75
119

Estimated living cost  is £362 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
£269
£202
£247
£249
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
regional
-
-
-
14
social contributions
-
-
-
244
municipal
-
-
-
6
national
-
-
-
208
total
-
-
-
472
Employee
476
-
950
-
regional
6
-
13
-
municipal
3
-
5
-
social contributions
160
-
320
-
national
75
-
179
-
total
244
-
517
-
Employer
476
-
950
-
total
-
-
-
-
Corporate
474
950
-
-
nationa
114
228
-
-
municipal
24
47
-
-
total
138
275
-
-
Dividends
337
675
-
-
withholding
88
175
-
-
total
88
175
-
-
Income
950
950
950
950
Total tax
470
450
517
472
After tax
480
500
433
478
Living cost
231
231
231
231
Free-cash
249
269
202
247

Estimated living cost  is £231 per week

£144
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.
£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.
£60
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