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
$ 1350
per

Your estimated
City
free-cash

Andorra , Andorra
$862
$701
$665
$822
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
-
-
-
1 350
social contributions
-
-
-
297
income
-
-
-
34
total
-
-
-
331
Employee
378
-
1 169
-
social contributions
25
-
76
-
income
-
-
38
-
total
25
-
114
-
Employer
378
-
1 169
-
social contributions
59
-
181
-
total
59
-
181
-
Corporate
913
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
822
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
175
135
295
331
After tax
1 175
1 215
1 055
1 019
Living cost
354
354
354
354
Free-cash
822
862
701
665

Estimated living cost  is $354 per week

$229
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Andorra model

Close
Graz , Austria
$379
$13
$297
$375
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
-
-
-
1 350
chamber of commerce
-
-
-
5
unemployment
-
-
-
72
health
-
-
-
103
pensions
-
-
-
250
income
-
-
-
248
surtax
-
-
-
-
total
-
-
-
678
Employee
514
469
1 048
-
health
20
18
41
-
pensions
53
48
107
-
other
5
5
10
-
unemployment
15
14
31
-
income
46
35
220
-
total
139
120
409
-
Employer
514
469
1 048
-
pensions
65
59
132
-
accident
7
6
14
-
unemployment
15
14
31
-
surtax
-
-
-
-
payroll
15
14
31
-
chamber of commerce
2
2
4
-
health
19
18
40
-
other
24
22
50
-
total
147
135
302
-
Corporate
688
746
1 004
-
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.

172
187
251
-
total
172
187
251
-
Dividends
516
560
-
-
withholding
142
154
-
-
total
142
154
-
-
Income
1 350
1 350
1 350
1 350
Total tax
600
596
962
678
After tax
750
754
388
672
Living cost
375
375
375
375
Free-cash
375
379
13
297

Estimated living cost  is $375 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
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.

Source of data for Graz model

Close
Vienna , Austria
$340
-$25
$256
$320
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
-
-
-
1 350
chamber of commerce
-
-
-
5
unemployment
-
-
-
72
health
-
-
-
103
pensions
-
-
-
250
income
-
-
-
248
surtax
-
-
-
2
total
-
-
-
680
Employee
588
469
1 046
-
health
23
18
41
-
pensions
60
48
107
-
other
6
5
10
-
unemployment
18
14
31
-
income
67
35
219
-
total
174
120
408
-
Employer
588
469
1 046
-
pensions
74
59
131
-
accident
8
6
14
-
unemployment
18
14
31
-
surtax
2
2
2
-
payroll
18
14
31
-
chamber of commerce
2
2
4
-
health
22
18
40
-
other
28
22
50
-
total
172
137
303
-
Corporate
591
744
1 002
-
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.

148
186
250
-
total
148
186
250
-
Dividends
443
558
-
-
withholding
122
153
-
-
total
122
153
-
-
Income
1 350
1 350
1 350
1 350
Total tax
616
596
961
680
After tax
734
754
389
670
Living cost
414
414
414
414
Free-cash
320
340
-25
256

Estimated living cost  is $414 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$96
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.

Source of data for Vienna model

Close
Brussels , Belgium
$328
$86
$185
$150
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
-
-
-
1 350
social contributions
-
-
-
217
communal

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

-
-
-
68
national
-
-
-
451
total
-
-
-
736
Employee

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

841
-
1 046
-
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
-
49
-
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.

63
-
78
-
communal

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

44
-
55
-
national
259
-
339
-
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.

7
-
9
-
total
413
-
530
-
Employer

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

841
-
1 046
-
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.

11
-
14
-
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.

12
-
15
-
surtax
95
-
119
-
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.

52
-
64
-
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.

75
-
93
-
total
245
-
305
-
Corporate
264
1 350
-
-
surtax
1
5
-
-
income
53
270
-
-
total
54
275
-
-
Dividends
210
1 075
-
-
withholding

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

59
318
-
-
total
59
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
771
593
835
736
After tax
579
757
515
614
Living cost
429
429
429
429
Free-cash
150
328
86
185

Estimated living cost  is $429 per week

$276
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.
$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.
$108
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

Source of data for Brussels model

Close
Sofia , Bulgaria
$952
$881
$836
$880
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
-
-
-
1 350
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
202
total
-
-
-
312
Employee
268
-
1 269
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
127
-
total
66
-
187
-
Employer
268
-
1 269
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
health
18
-
28
-
pensions

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

30
-
45
-
total
53
-
80
-
Corporate
1 030
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
927
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
268
196
267
312
After tax
1 082
1 154
1 083
1 038
Living cost
202
202
202
202
Free-cash
880
952
881
836

Estimated living cost  is $202 per week

$134
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.
$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.
$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 Source

Source of data for Sofia model

Close
Varna , Bulgaria
$1000
$929
$884
$947
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
-
-
-
1 350
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
202
total
-
-
-
312
Employee
204
-
1 269
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
9
-
19
-
pensions

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

18
-
36
-
income
20
-
127
-
total
49
-
187
-
Employer
204
-
1 269
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
health
14
-
28
-
pensions

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

22
-
45
-
total
39
-
80
-
Corporate
1 106
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
995
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
267
312
After tax
1 101
1 154
1 083
1 038
Living cost
154
154
154
154
Free-cash
947
1 000
929
884

Estimated living cost  is $154 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
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

Source of data for Varna model

Close
Larnaca , Cyprus
$715
$661
$677
$652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
190
health
-
-
-
34
income
-
-
-
177
total
-
-
-
401
Employee
904
904
1 226
-
health
7
15
21
-
social contributions
34
75
101
-
income
98
84
171
-
total
139
174
293
-
Employer
904
904
1 226
-
social contributions
34
75
101
-
health
8
17
23
-
total
42
92
124
-
Corporate
896
354
-
-
income
112
44
-
-
total
112
44
-
-
Dividends
784
310
-
-
withholding
133
53
-
-
total
133
53
-
-
Income
1 350
1 350
1 350
1 350
Total tax
426
363
417
401
After tax
924
987
933
949
Living cost
272
272
272
272
Free-cash
652
715
661
677

Estimated living cost  is $272 per week

$163
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.
$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.
$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

Source of data for Larnaca model

Close
Limassol , Cyprus
$606
$552
$568
$557
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
-
-
-
1 350
social contributions
-
-
-
190
health
-
-
-
34
income
-
-
-
177
total
-
-
-
401
Employee
904
904
1 226
-
health
9
15
21
-
social contributions
44
75
101
-
income
95
84
171
-
total
148
174
293
-
Employer
904
904
1 226
-
social contributions
44
75
101
-
health
10
17
23
-
total
54
92
124
-
Corporate
767
354
-
-
income
96
44
-
-
total
96
44
-
-
Dividends
671
310
-
-
withholding
114
53
-
-
total
114
53
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
363
417
401
After tax
938
987
933
949
Living cost
381
381
381
381
Free-cash
557
606
552
568

Estimated living cost  is $381 per week

$261
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Brno , Czech Republic
$654
$409
$382
$554
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
-
-
-
1 350
social contributions
-
-
-
394
health
-
-
-
182
solidarity contribution
-
-
-
-
income
-
-
-
116
total
-
-
-
692
Employee
406
-
1 007
-
health
55
-
136
-
social contributions
26
-
65
-
solidarity contribution
-
-
-
-
income
49
-
121
-
total
130
-
322
-
Employer
406
-
1 007
-
social contributions
102
-
252
-
health
37
-
91
-
total
139
-
343
-
Corporate
805
1 350
-
-
income
153
256
-
-
total
153
256
-
-
Dividends
652
1 094
-
-
withholding
98
164
-
-
total
98
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
420
665
692
After tax
830
930
685
658
Living cost
276
276
276
276
Free-cash
554
654
409
382

Estimated living cost  is $276 per week

$192
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.
$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

Source of data for Brno model

Close
Prague , Czech Republic
$589
$344
$317
$467
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
-
-
-
1 350
social contributions
-
-
-
394
health
-
-
-
182
solidarity contribution
-
-
-
-
income
-
-
-
116
total
-
-
-
692
Employee
501
-
1 007
-
health
68
-
136
-
social contributions
33
-
65
-
solidarity contribution
-
-
-
-
income
60
-
121
-
total
161
-
322
-
Employer
501
-
1 007
-
social contributions
125
-
252
-
health
45
-
91
-
total
170
-
343
-
Corporate
679
1 350
-
-
income
129
256
-
-
total
129
256
-
-
Dividends
550
1 094
-
-
withholding
82
164
-
-
total
82
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
542
420
665
692
After tax
808
930
685
658
Living cost
341
341
341
341
Free-cash
467
589
344
317

Estimated living cost  is $341 per week

$253
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.
$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.
$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

Source of data for Prague model

Close
Copenhagen , Denmark
-$1220
-$1220
$259
-$1220
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
-
-
-
1 350
labour market
-
-
-
107
municipal
-
-
-
260
pensions
-
-
-
10
national
-
-
-
146
total
-
-
-
523
Employee
2 397
2 397
2 397
-
municipal
511
511
511
-
pensions
3
3
3
-
national
293
293
293
-
labour market
192
192
192
-
total
999
999
999
-
Employer
2 397
2 397
2 397
-
labour market
192
192
192
-
national
293
293
293
-
municipal
511
511
511
-
pensions
7
7
7
-
total
1 003
1 003
1 003
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
2 002
2 002
2 002
523
After tax
-652
-652
-652
827
Living cost
568
568
568
568
Free-cash
-1 220
-1 220
-1 220
259

Estimated living cost  is $568 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
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.
$120
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

Source of data for Copenhagen model

Close
Tallinn , Estonia
$796
$494
$439
$722
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
-
-
-
1 350
health
-
-
-
176
pensions
-
-
-
270
income
-
-
-
181
total
-
-
-
627
Employee
334
-
1 009
-
pensions
7
-
20
-
unemployment
5
-
16
-
income
38
-
195
-
total
50
-
231
-
Employer
334
-
1 009
-
pensions
67
-
202
-
unemployment
3
-
8
-
health
43
-
131
-
total
113
-
341
-
Corporate
904
1 350
-
-
income
181
270
-
-
total
181
270
-
-
Dividends
723
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
344
270
572
627
After tax
1 006
1 080
778
723
Living cost
284
284
284
284
Free-cash
722
796
494
439

Estimated living cost  is $284 per week

$195
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.
$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.
$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

Source of data for Tallinn model

Close
Helsinki , Finland
$432
$302
$488
$426
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

-
-
-
1 350
health
-
-
-
16
municipal
-
-
-
240
national
-
-
-
155
total
-
-
-
411
Employee
619
-
1 136
-
health
5
-
13
-
municipal
101
-
185
-
pensions
42
-
77
-
national
10
-
90
-
unemployment
9
-
17
-
total
167
-
382
-
Employer
619
-
1 136
-
accident
1
-
1
-
unemployment
4
-
7
-
health
5
-
9
-
pensions
107
-
197
-
total
117
-
214
-
Corporate
615
1 350
-
-
income
123
270
-
-
total
123
270
-
-
Dividends

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

369
810
-
-
municipal
66
146
-
-
national
-
50
-
-
total
66
196
-
-
Income
1 350
1 350
1 350
1 350
Total tax
473
466
596
411
After tax
877
884
754
939
Living cost
452
452
452
452
Free-cash
426
432
302
488

Estimated living cost  is $452 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
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.
$106
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.

Source of data for Helsinki model

Close
Marseille , France
$319
$460
$411
$384
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
-
-
-
1 350
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
other
-
-
-
42
income
-
-
-
153
surtax
-
-
-
-
total
-
-
-
577
Employee
449
-
1 085
-
income
23
-
174
-
social contributions
13
-
31
-
pensions
51
-
58
-
surtax
-
-
-
-
total
87
-
263
-
Employer
449
-
1 085
-
pensions
74
-
101
-
social contributions
1
-
3
-
unemployment
18
-
44
-
health
31
-
80
-
other
16
-
37
-
total
140
-
265
-
Corporate
760
1 350
-
-
surtax
-
-
-
-
income
213
378
-
-
total
213
378
-
-
Dividends
548
972
-
-
surtax
-
-
-
-
withholding
70
124
-
-
social contributions
94
167
-
-
total
164
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
604
669
528
577
After tax
746
681
822
773
Living cost
362
362
362
362
Free-cash
384
319
460
411

Estimated living cost  is $362 per week

$210
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.
$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.
$109
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

Source of data for Marseille model

Close
Nice , France
$279
$420
$371
$348
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
-
-
-
1 350
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
other
-
-
-
42
income
-
-
-
153
surtax
-
-
-
-
total
-
-
-
577
Employee
503
-
1 085
-
income
30
-
174
-
social contributions
14
-
31
-
pensions
57
-
58
-
surtax
-
-
-
-
total
101
-
263
-
Employer
503
-
1 085
-
pensions
83
-
101
-
social contributions
2
-
3
-
unemployment
20
-
44
-
health
35
-
80
-
other
17
-
37
-
total
157
-
265
-
Corporate
690
1 350
-
-
surtax
-
-
-
-
income
193
378
-
-
total
193
378
-
-
Dividends
496
972
-
-
surtax
-
-
-
-
withholding
64
124
-
-
social contributions
85
167
-
-
total
149
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
600
669
528
577
After tax
750
681
822
773
Living cost
402
402
402
402
Free-cash
348
279
420
371

Estimated living cost  is $402 per week

$254
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.
$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.
$109
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

Source of data for Nice model

Close
Paris , France
$113
$254
$205
$195
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
-
-
-
1 350
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
other
-
-
-
42
income
-
-
-
153
surtax
-
-
-
-
total
-
-
-
577
Employee
737
-
1 085
-
income
64
-
174
-
social contributions
21
-
31
-
pensions
83
-
58
-
surtax
-
-
-
-
total
168
-
263
-
Employer
737
-
1 085
-
pensions
121
-
101
-
social contributions
2
-
3
-
unemployment
30
-
44
-
health
52
-
80
-
other
25
-
37
-
total
230
-
265
-
Corporate
383
1 350
-
-
surtax
-
-
-
-
income
107
378
-
-
total
107
378
-
-
Dividends
276
972
-
-
surtax
-
-
-
-
withholding
35
124
-
-
social contributions
47
167
-
-
total
82
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
669
528
577
After tax
763
681
822
773
Living cost
568
568
568
568
Free-cash
195
113
254
205

Estimated living cost  is $568 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
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.
$129
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

Source of data for Paris model

Close
Batumi , Georgia
$1199
$997
$1254
$1184
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%.

-
-
-
1 350
microenterprise

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

-
-
-
13
total
-
-
-
13
Employee
104
-
1 350
-
income
21
-
270
-
total
21
-
270
-
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%.

1 246
1 350
-
-
total
-
-
-
-
Dividends
1 246
1 350
-
-
withholding
62
68
-
-
total
62
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
83
68
270
13
After tax
1 267
1 282
1 080
1 337
Living cost
83
83
83
83
Free-cash
1 184
1 199
997
1 254

Estimated living cost  is $83 per week

$51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
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.
$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.

Source of data for Batumi model

Close
Tbilisi , Georgia
$1153
$951
$1208
$1130
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%.

-
-
-
1 350
microenterprise

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

-
-
-
13
total
-
-
-
13
Employee
162
-
1 350
-
income
32
-
270
-
total
32
-
270
-
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%.

1 188
1 350
-
-
total
-
-
-
-
Dividends
1 188
1 350
-
-
withholding
59
68
-
-
total
59
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
91
68
270
13
After tax
1 259
1 282
1 080
1 337
Living cost
129
129
129
129
Free-cash
1 130
1 153
951
1 208

Estimated living cost  is $129 per week

$88
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.
$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.
$32
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.

Source of data for Tbilisi model

Close
Berlin , Germany
$241
$460
$345
$396
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.

-
-
-
1 350
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.

-
-
-
80
trade
-
-
-
115
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.

-
-
-
337
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.

-
-
-
19
total
-
-
-
551
Employee

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

585
-
1 350
-
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.

80
-
80
-
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
-
19
-
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.

48
-
337
-
total
131
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
765
1 350
-
-
trade
110
194
-
-
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
11
-
-
chamber of commerce
3
4
-
-
income
115
203
-
-
total
234
412
-
-
Dividends
531
939
-
-
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.

7
13
-
-
withholding
128
230
-
-
total
135
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
500
655
436
551
After tax
850
695
914
799
Living cost
454
454
454
454
Free-cash
396
241
460
345

Estimated living cost  is $454 per week

$313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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.
$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

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.

Source of data for Berlin model

Close
Dresden , Germany
$325
$558
$431
$456
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.

-
-
-
1 350
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.

-
-
-
80
trade
-
-
-
127
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.

-
-
-
337
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.

-
-
-
19
total
-
-
-
563
Employee

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

450
-
1 350
-
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.

80
-
80
-
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
-
19
-
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.

13
-
337
-
total
94
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
900
1 350
-
-
trade
142
213
-
-
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.

7
11
-
-
chamber of commerce
3
4
-
-
income
135
203
-
-
total
287
431
-
-
Dividends
613
920
-
-
surtax

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

8
12
-
-
withholding
149
226
-
-
total
157
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
669
436
563
After tax
812
681
914
787
Living cost
356
356
356
356
Free-cash
456
325
558
431

Estimated living cost  is $356 per week

$224
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.
$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.
$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

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.

Source of data for Dresden model

Close
Hamburg , Germany
$213
$452
$320
$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

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

-
-
-
1 350
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.

-
-
-
80
trade
-
-
-
132
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.

-
-
-
337
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.

-
-
-
19
total
-
-
-
568
Employee

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

596
-
1 350
-
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.

80
-
80
-
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
-
19
-
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.

51
-
337
-
total
134
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
754
1 350
-
-
trade
124
222
-
-
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
11
-
-
chamber of commerce
3
4
-
-
income
113
203
-
-
total
246
440
-
-
Dividends
508
911
-
-
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.

7
12
-
-
withholding
122
223
-
-
total
129
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
509
675
436
568
After tax
841
675
914
782
Living cost
462
462
462
462
Free-cash
379
213
452
320

Estimated living cost  is $462 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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.
$97
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.

Source of data for Hamburg model

Close
Munich , Germany
$128
$375
$237
$320
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.

-
-
-
1 350
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.

-
-
-
80
trade
-
-
-
138
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.

-
-
-
337
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.

-
-
-
19
total
-
-
-
574
Employee

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

707
-
1 350
-
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.

80
-
80
-
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
-
19
-
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.

83
-
337
-
total
168
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
643
1 350
-
-
trade
110
232
-
-
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
11
-
-
chamber of commerce
3
4
-
-
income
96
203
-
-
total
214
450
-
-
Dividends
428
901
-
-
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
12
-
-
withholding
103
221
-
-
total
109
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
491
683
436
574
After tax
859
667
914
776
Living cost
539
539
539
539
Free-cash
320
128
375
237

Estimated living cost  is $539 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
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.
$95
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.

Source of data for Munich model

Close
Athens , Greece
$585
$382
$404
$548
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
-
-
-
1 350
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
other
-
-
-
-
income
-
-
-
277
surtax
-
-
-
36
total
-
-
-
682
Employee
396
-
1 115
-
health
10
-
28
-
pensions
26
-
74
-
surtax
1
-
33
-
other
-
-
-
-
unemployment
28
-
78
-
income
66
-
256
-
total
131
-
469
-
Employer
396
-
1 115
-
pensions
53
-
149
-
unemployment
13
-
35
-
health
18
-
51
-
other
-
-
-
-
total
84
-
235
-
Corporate
871
1 350
-
-
income
226
351
-
-
total
226
351
-
-
Dividends
644
999
-
-
withholding
97
150
-
-
total
97
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
704
682
After tax
812
849
646
668
Living cost
264
264
264
264
Free-cash
548
585
382
404

Estimated living cost  is $264 per week

$159
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.
$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.
$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 of data for Athens model

Close
Thessaloniki , Greece
$590
$386
$408
$552
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
-
-
-
1 350
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
other
-
-
-
-
income
-
-
-
277
surtax
-
-
-
36
total
-
-
-
682
Employee
389
-
1 115
-
health
10
-
28
-
pensions
26
-
74
-
surtax
1
-
33
-
other
-
-
-
-
unemployment
27
-
78
-
income
65
-
256
-
total
129
-
469
-
Employer
389
-
1 115
-
pensions
52
-
149
-
unemployment
12
-
35
-
health
18
-
51
-
other
-
-
-
-
total
82
-
235
-
Corporate
879
1 350
-
-
income
229
351
-
-
total
229
351
-
-
Dividends
651
999
-
-
withholding
98
150
-
-
total
98
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
704
682
After tax
812
849
646
668
Living cost
260
260
260
260
Free-cash
552
590
386
408

Estimated living cost  is $260 per week

$159
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.
$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 of data for Thessaloniki model

Close
Budapest , Hungary
$529
$551
$703
$534
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
-
-
-
1 350
unemployment
-
-
-
20
health
-
-
-
95
pensions
-
-
-
135
income
-
-
-
165
total
-
-
-
415
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.

334
133
1 130
-
health
23
9
79
-
pensions
33
13
113
-
unemployment
5
2
17
-
income
41
16
138
-
total
102
40
347
-
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.

334
133
1 130
-
pensions
65
26
220
-
total
65
26
220
-
Corporate
950
1 191
-
-
income
86
107
-
-
total
86
107
-
-
Dividends
865
1 084
-
-
withholding
164
206
-
-
social contributions
167
210
-
-
total
331
416
-
-
Income
1 350
1 350
1 350
1 350
Total tax
584
589
567
415
After tax
766
761
783
935
Living cost
232
232
232
232
Free-cash
534
529
551
703

Estimated living cost  is $232 per week

$158
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.
$50
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

Source of data for Budapest model

Close
Reykjavik , Iceland
$247
$225
$214
$237
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
-
-
-
1 350
social contributions
-
-
-
15
municipal
-
-
-
143
pensions
-
-
-
162
national
-
-
-
221
total
-
-
-
541
Employee
922
-
1 167
-
municipal
114
-
148
-
pensions
37
-
47
-
national
176
-
229
-
total
327
-
424
-
Employer
922
-
1 167
-
social contributions
10
-
13
-
pensions
74
-
93
-
total
84
-
106
-
Corporate
284
1 350
-
-
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%.

57
270
-
-
total
57
270
-
-
Dividends
227
1 080
-
-
withholding
50
238
-
-
total
50
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
518
508
530
541
After tax
832
842
820
809
Living cost
595
595
595
595
Free-cash
237
247
225
214

Estimated living cost  is $595 per week

$404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
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.
$126
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.

Source of data for Reykjavik model

Close
Dublin , Ireland
$275
$210
$210
$301
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
-
-
-
1 350
social contributions
-
-
-
124
income
-
-
-
346
total
-
-
-
470
Employee
920
-
1 350
-
social contributions
76
-
124
-
income
174
-
346
-
total
250
-
470
-
Employer
920
-
1 350
-
total
-
-
-
-
Corporate
430
1 350
-
-
income
54
169
-
-
total
54
169
-
-
Dividends
376
1 181
-
-
withholding
75
236
-
-
total
75
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
379
405
470
470
After tax
971
945
880
880
Living cost
670
670
670
670
Free-cash
301
275
210
210

Estimated living cost  is $670 per week

$510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
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

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.

Source of data for Dublin model

Close
Milan , Italy
$224
$121
$185
$163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
15
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
299
total
-
-
-
669
Employee
1 045
-
1 350
-
regional
10
-
13
-
municipal
6
-
7
-
social contributions
352
-
455
-
national
181
-
258
-
total
549
-
733
-
Employer
1 045
-
1 350
-
total
-
-
-
-
Corporate
305
1 350
-
-
nationa
73
324
-
-
municipal
12
53
-
-
total
85
377
-
-
Dividends
220
973
-
-
withholding
57
253
-
-
total
57
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
691
630
733
669
After tax
659
720
617
681
Living cost
496
496
496
496
Free-cash
163
224
121
185

Estimated living cost  is $496 per week

$346
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.
$8
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.
$110
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

Source of data for Milan model

Close
Naples , Italy
$393
$295
$359
$367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
20
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
299
total
-
-
-
674
Employee
652
-
1 350
-
regional
9
-
18
-
municipal
3
-
7
-
social contributions
220
-
455
-
national
103
-
258
-
total
335
-
738
-
Employer
652
-
1 350
-
total
-
-
-
-
Corporate
698
1 350
-
-
nationa
167
324
-
-
municipal
35
67
-
-
total
202
391
-
-
Dividends
496
959
-
-
withholding
129
249
-
-
total
129
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
666
640
738
674
After tax
684
710
612
676
Living cost
317
317
317
317
Free-cash
367
393
295
359

Estimated living cost  is $317 per week

$197
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.
$82
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

Source of data for Naples model