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
$653
$804
$689
$845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
297
income
-
-
-
30
total
-
-
-
327
Employee
396
-
1 169
-
social contributions
26
-
76
-
income
-
-
34
-
total
26
-
110
-
Employer
396
-
1 169
-
social contributions
61
-
181
-
total
61
-
181
-
Corporate
893
1 350
-
-
income
89
135
-
-
total
89
135
-
-
Dividends
803
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
176
135
291
327
After tax
1 174
1 215
1 059
1 023
Living cost
370
370
370
370
Free-cash
804
845
689
653

Estimated living cost  is $370 per week

$239
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.
$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

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
$283
$358
$3
$363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
surtax
-
-
-
-
unemployment
-
-
-
76
health
-
-
-
103
chamber of commerce
-
-
-
5
pensions
-
-
-
250
income
-
-
-
240
total
-
-
-
674
Employee
539
491
1 048
-
unemployment
16
15
31
-
other
5
5
10
-
income
48
36
213
-
pensions
55
50
107
-
health
21
19
41
-
total
145
125
402
-
Employer
539
491
1 048
-
pensions
68
62
132
-
surtax
-
-
-
-
payroll
16
15
31
-
other
26
23
50
-
health
20
19
40
-
accident
7
6
14
-
unemployment
16
15
31
-
chamber of commerce
2
2
4
-
total
155
142
302
-
Corporate
656
718
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.

164
179
250
-
total
164
179
250
-
Dividends
492
538
-
-
withholding
135
148
-
-
total
135
148
-
-
Income
1 350
1 350
1 350
1 350
Total tax
599
594
954
674
After tax
751
756
396
676
Living cost
393
393
393
393
Free-cash
358
363
3
283

Estimated living cost  is $393 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$240
$305
-$38
$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
surtax
-
-
-
2
unemployment
-
-
-
76
health
-
-
-
103
chamber of commerce
-
-
-
5
pensions
-
-
-
250
income
-
-
-
240
total
-
-
-
676
Employee
616
491
1 046
-
unemployment
18
15
31
-
other
6
5
10
-
income
70
36
213
-
pensions
63
50
107
-
health
24
19
40
-
total
181
125
401
-
Employer
616
491
1 046
-
pensions
77
62
131
-
surtax
2
2
2
-
payroll
18
15
31
-
other
29
23
50
-
health
23
19
40
-
accident
8
6
14
-
unemployment
18
15
31
-
chamber of commerce
2
2
4
-
total
177
144
303
-
Corporate
555
715
1 000
-
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.

139
179
250
-
total
139
179
250
-
Dividends
416
536
-
-
withholding
114
148
-
-
total
114
148
-
-
Income
1 350
1 350
1 350
1 350
Total tax
611
596
954
676
After tax
739
754
396
674
Living cost
434
434
434
434
Free-cash
305
320
-38
240

Estimated living cost  is $434 per week

$290
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.
$100
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
$171
$124
$70
$308
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
national
-
-
-
445
communal

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

-
-
-
68
social contributions
-
-
-
217
total
-
-
-
730
Employee

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

881
-
1 046
-
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.

8
-
9
-
national
271
-
335
-
communal

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

46
-
55
-
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.

66
-
78
-
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.

41
-
49
-
total
432
-
526
-
Employer

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

881
-
1 046
-
surtax
100
-
119
-
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.

78
-
93
-
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.

54
-
64
-
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.

13
-
15
-
total
256
-
305
-
Corporate
212
1 350
-
-
income
42
270
-
-
surtax
1
5
-
-
total
43
275
-
-
Dividends
169
1 075
-
-
withholding

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

46
318
-
-
total
46
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
777
593
831
730
After tax
573
757
519
620
Living cost
449
449
449
449
Free-cash
124
308
70
171

Estimated living cost  is $449 per week

$289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
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
$821
$867
$863
$942
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
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
202
total
-
-
-
317
Employee
281
-
1 266
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
127
-
pensions

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

25
-
38
-
health
13
-
20
-
total
69
-
190
-
Employer
281
-
1 266
-
pensions

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

31
-
47
-
health
19
-
30
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
85
-
Corporate
1 014
1 350
-
-
income
101
135
-
-
total
101
135
-
-
Dividends
913
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
271
196
275
317
After tax
1 079
1 154
1 075
1 033
Living cost
212
212
212
212
Free-cash
867
942
863
821

Estimated living cost  is $212 per week

$140
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.
$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 Source

Source of data for Sofia model

Close
Varna , Bulgaria
$871
$936
$913
$992
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
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
202
total
-
-
-
317
Employee
214
-
1 266
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
127
-
pensions

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

19
-
38
-
health
10
-
20
-
total
52
-
190
-
Employer
214
-
1 266
-
pensions

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

24
-
47
-
health
15
-
30
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
42
-
85
-
Corporate
1 094
1 350
-
-
income
109
135
-
-
total
109
135
-
-
Dividends
985
1 215
-
-
withholding
49
61
-
-
total
49
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
252
196
275
317
After tax
1 098
1 154
1 075
1 033
Living cost
162
162
162
162
Free-cash
936
992
913
871

Estimated living cost  is $162 per week

$94
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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
$665
$636
$654
$701
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
-
-
-
34
social contributions
-
-
-
199
income
-
-
-
167
total
-
-
-
400
Employee
947
947
1 226
-
income
103
88
163
-
social contributions
36
79
102
-
health
7
16
21
-
total
146
183
286
-
Employer
947
947
1 226
-
social contributions
36
79
102
-
health
8
18
23
-
total
44
97
125
-
Corporate
875
306
-
-
income
109
38
-
-
total
109
38
-
-
Dividends
765
268
-
-
withholding
130
46
-
-
total
130
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
429
364
411
400
After tax
921
986
939
950
Living cost
285
285
285
285
Free-cash
636
701
654
665

Estimated living cost  is $285 per week

$171
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.
$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

Source of data for Larnaca model

Close
Limassol , Cyprus
$550
$538
$539
$586
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
-
-
-
34
social contributions
-
-
-
199
income
-
-
-
167
total
-
-
-
400
Employee
947
947
1 226
-
income
99
88
163
-
social contributions
46
79
102
-
health
9
16
21
-
total
154
183
286
-
Employer
947
947
1 226
-
social contributions
46
79
102
-
health
10
18
23
-
total
56
97
125
-
Corporate
739
306
-
-
income
92
38
-
-
total
92
38
-
-
Dividends
647
268
-
-
withholding
110
46
-
-
total
110
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
364
411
400
After tax
938
986
939
950
Living cost
400
400
400
400
Free-cash
538
586
539
550

Estimated living cost  is $400 per week

$273
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.
$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.
$89
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
$372
$541
$399
$644
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
-
-
-
182
social contributions
-
-
-
394
income
-
-
-
116
solidarity contribution
-
-
-
-
total
-
-
-
692
Employee
420
-
1 007
-
income
50
-
121
-
social contributions
27
-
65
-
health
57
-
136
-
solidarity contribution
-
-
-
-
total
134
-
322
-
Employer
420
-
1 007
-
social contributions
105
-
252
-
health
38
-
91
-
total
143
-
343
-
Corporate
787
1 350
-
-
income
150
256
-
-
total
150
256
-
-
Dividends
637
1 094
-
-
withholding
96
164
-
-
total
96
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
523
420
665
692
After tax
827
930
685
658
Living cost
286
286
286
286
Free-cash
541
644
399
372

Estimated living cost  is $286 per week

$199
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.
$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.
$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

Source of data for Brno model

Close
Prague , Czech Republic
$306
$451
$333
$578
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
-
-
-
182
social contributions
-
-
-
394
income
-
-
-
116
solidarity contribution
-
-
-
-
total
-
-
-
692
Employee
518
-
1 007
-
income
62
-
121
-
social contributions
34
-
65
-
health
70
-
136
-
solidarity contribution
-
-
-
-
total
166
-
322
-
Employer
518
-
1 007
-
social contributions
129
-
252
-
health
47
-
91
-
total
176
-
343
-
Corporate
656
1 350
-
-
income
125
256
-
-
total
125
256
-
-
Dividends
531
1 094
-
-
withholding
80
164
-
-
total
80
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
547
420
665
692
After tax
803
930
685
658
Living cost
352
352
352
352
Free-cash
451
578
333
306

Estimated living cost  is $352 per week

$262
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.
$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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
$235
-$1343
-$1343
-$1343
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
national
-
-
-
145
pensions
-
-
-
11
municipal
-
-
-
257
labour market
-
-
-
107
total
-
-
-
520
Employee
2 511
2 511
2 511
-
municipal
535
535
535
-
national
307
307
307
-
pensions
4
4
4
-
labour market
201
201
201
-
total
1 047
1 047
1 047
-
Employer
2 511
2 511
2 511
-
pensions
7
7
7
-
labour market
201
201
201
-
municipal
536
536
536
-
national
307
307
307
-
total
1 051
1 051
1 051
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
2 098
2 098
2 098
520
After tax
-748
-748
-748
830
Living cost
595
595
595
595
Free-cash
-1 343
-1 343
-1 343
235

Estimated living cost  is $595 per week

$407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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

Source of data for Copenhagen model

Close
Tallinn , Estonia
$426
$706
$480
$782
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
-
-
-
175
pensions
-
-
-
270
income
-
-
-
181
total
-
-
-
626
Employee
350
-
1 009
-
unemployment
6
-
16
-
income
39
-
195
-
pensions
7
-
20
-
total
52
-
231
-
Employer
350
-
1 009
-
pensions
70
-
202
-
health
45
-
131
-
unemployment
3
-
8
-
total
118
-
341
-
Corporate
882
1 350
-
-
income
176
270
-
-
total
176
270
-
-
Dividends
706
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
346
270
572
626
After tax
1 004
1 080
778
724
Living cost
298
298
298
298
Free-cash
706
782
480
426

Estimated living cost  is $298 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

Source of data for Tallinn model

Close
Helsinki , Finland
$472
$400
$288
$415
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
national
-
-
-
149
health
-
-
-
16
municipal
-
-
-
240
total
-
-
-
405
Employee
648
-
1 136
-
unemployment
10
-
17
-
municipal
106
-
185
-
national
11
-
84
-
pensions
44
-
77
-
health
5
-
12
-
total
176
-
375
-
Employer
648
-
1 136
-
pensions
112
-
197
-
health
5
-
9
-
accident
1
-
1
-
unemployment
4
-
7
-
total
122
-
214
-
Corporate
579
1 350
-
-
income
116
270
-
-
total
116
270
-
-
Dividends

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

348
810
-
-
municipal
63
146
-
-
national
-
46
-
-
total
63
192
-
-
Income
1 350
1 350
1 350
1 350
Total tax
477
462
589
405
After tax
873
888
761
945
Living cost
473
473
473
473
Free-cash
400
415
288
472

Estimated living cost  is $473 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
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.
$111
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
$395
$370
$452
$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
surtax
-
-
-
-
health
-
-
-
31
pensions
-
-
-
319
social contributions
-
-
-
38
income
-
-
-
145
other
-
-
-
42
total
-
-
-
575
Employee
471
-
1 089
-
income
24
-
170
-
surtax
-
-
-
-
social contributions
13
-
31
-
pensions
53
-
56
-
total
90
-
257
-
Employer
471
-
1 089
-
pensions
77
-
98
-
social contributions
1
-
3
-
other
16
-
38
-
health
33
-
78
-
unemployment
19
-
44
-
total
146
-
261
-
Corporate
732
1 350
-
-
income
205
378
-
-
surtax
-
-
-
-
total
205
378
-
-
Dividends
527
972
-
-
withholding
68
124
-
-
social contributions
91
167
-
-
surtax
-
-
-
-
total
159
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
600
669
518
575
After tax
750
681
832
775
Living cost
380
380
380
380
Free-cash
370
301
452
395

Estimated living cost  is $380 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
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
$353
$331
$410
$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
-
-
-
1 350
surtax
-
-
-
-
health
-
-
-
31
pensions
-
-
-
319
social contributions
-
-
-
38
income
-
-
-
145
other
-
-
-
42
total
-
-
-
575
Employee
527
-
1 089
-
income
31
-
170
-
surtax
-
-
-
-
social contributions
15
-
31
-
pensions
60
-
56
-
total
106
-
257
-
Employer
527
-
1 089
-
pensions
87
-
98
-
social contributions
2
-
3
-
other
18
-
38
-
health
37
-
78
-
unemployment
21
-
44
-
total
165
-
261
-
Corporate
658
1 350
-
-
income
184
378
-
-
surtax
-
-
-
-
total
184
378
-
-
Dividends
474
972
-
-
withholding
61
124
-
-
social contributions
81
167
-
-
surtax
-
-
-
-
total
142
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
597
669
518
575
After tax
753
681
832
775
Living cost
422
422
422
422
Free-cash
331
259
410
353

Estimated living cost  is $422 per week

$266
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.
$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.
$114
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
$180
$171
$237
$86
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
surtax
-
-
-
-
health
-
-
-
31
pensions
-
-
-
319
social contributions
-
-
-
38
income
-
-
-
145
other
-
-
-
42
total
-
-
-
575
Employee
772
-
1 089
-
income
67
-
170
-
surtax
-
-
-
-
social contributions
22
-
31
-
pensions
87
-
56
-
total
176
-
257
-
Employer
772
-
1 089
-
pensions
127
-
98
-
social contributions
2
-
3
-
other
27
-
38
-
health
54
-
78
-
unemployment
31
-
44
-
total
241
-
261
-
Corporate
337
1 350
-
-
income
94
378
-
-
surtax
-
-
-
-
total
94
378
-
-
Dividends
243
972
-
-
withholding
31
124
-
-
social contributions
42
167
-
-
surtax
-
-
-
-
total
73
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
584
669
518
575
After tax
766
681
832
775
Living cost
595
595
595
595
Free-cash
171
86
237
180

Estimated living cost  is $595 per week

$403
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.
$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.
$135
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
$1258
$1188
$1001
$1203
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
99
-
1 350
-
income
20
-
270
-
total
20
-
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%.

1 251
1 350
-
-
total
-
-
-
-
Dividends
1 251
1 350
-
-
withholding
63
68
-
-
total
63
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
79
79
79
79
Free-cash
1 188
1 203
1 001
1 258

Estimated living cost  is $79 per week

$49
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.
$21
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
$1213
$1135
$956
$1158
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
154
-
1 350
-
income
31
-
270
-
total
31
-
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%.

1 196
1 350
-
-
total
-
-
-
-
Dividends
1 196
1 350
-
-
withholding
60
68
-
-
total
60
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
124
124
124
124
Free-cash
1 135
1 158
956
1 213

Estimated living cost  is $124 per week

$84
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.
$31
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
$357
$381
$469
$219
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
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.

-
-
-
17
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.

-
-
-
84
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.

-
-
-
304
trade
-
-
-
112
total
-
-
-
517
Employee

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

613
-
1 350
-
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.

50
-
304
-
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
-
17
-
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.

84
-
84
-
total
137
-
405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
737
1 350
-
-
trade
106
194
-
-
income
111
203
-
-
chamber of commerce
3
4
-
-
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
-
-
total
226
412
-
-
Dividends
512
939
-
-
withholding
123
230
-
-
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
-
-
total
130
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
655
405
517
After tax
857
695
945
833
Living cost
476
476
476
476
Free-cash
381
219
469
357

Estimated living cost  is $476 per week

$328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
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.
$89
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
$450
$446
$572
$309
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
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.

-
-
-
17
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.

-
-
-
84
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.

-
-
-
304
trade
-
-
-
122
total
-
-
-
527
Employee

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

471
-
1 350
-
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
-
304
-
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
-
17
-
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.

84
-
84
-
total
98
-
405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
879
1 350
-
-
trade
138
213
-
-
income
132
203
-
-
chamber of commerce
3
4
-
-
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
-
-
total
280
431
-
-
Dividends
598
920
-
-
withholding
145
225
-
-
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
-
-
total
153
237
-
-
Income
1 350
1 350
1 350
1 350
Total tax
531
668
405
527
After tax
819
682
945
823
Living cost
373
373
373
373
Free-cash
446
309
572
450

Estimated living cost  is $373 per week

$235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
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.
$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

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
$333
$365
$461
$191
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
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.

-
-
-
17
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.

-
-
-
84
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.

-
-
-
304
trade
-
-
-
128
total
-
-
-
533
Employee

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

625
-
1 350
-
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.

54
-
304
-
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
-
17
-
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.

84
-
84
-
total
141
-
405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
725
1 350
-
-
trade
119
222
-
-
income
109
203
-
-
chamber of commerce
3
4
-
-
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
-
-
total
237
440
-
-
Dividends
488
911
-
-
withholding
117
223
-
-
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
-
-
total
123
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
501
675
405
533
After tax
849
675
945
817
Living cost
484
484
484
484
Free-cash
365
191
461
333

Estimated living cost  is $484 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
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.
$102
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
$248
$304
$381
$103
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
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.

-
-
-
17
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.

-
-
-
84
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.

-
-
-
304
trade
-
-
-
133
total
-
-
-
538
Employee

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

740
-
1 350
-
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.

87
-
304
-
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
-
17
-
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.

84
-
84
-
total
176
-
405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
610
1 350
-
-
trade
105
232
-
-
income
91
203
-
-
chamber of commerce
3
4
-
-
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
-
-
total
204
450
-
-
Dividends
406
901
-
-
withholding
97
221
-
-
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
12
-
-
total
102
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
482
683
405
538
After tax
868
667
945
812
Living cost
564
564
564
564
Free-cash
304
103
381
248

Estimated living cost  is $564 per week

$412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
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.
$100
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
$401
$533
$379
$572
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
surtax
-
-
-
34
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
269
other
-
-
-
-
total
-
-
-
672
Employee
415
-
1 115
-
unemployment
29
-
78
-
other
-
-
-
-
income
70
-
248
-
surtax
1
-
31
-
pensions
28
-
74
-
health
11
-
28
-
total
139
-
459
-
Employer
415
-
1 115
-
pensions
55
-
149
-
other
-
-
-
-
health
19
-
51
-
unemployment
13
-
35
-
total
87
-
235
-
Corporate
848
1 350
-
-
income
220
351
-
-
total
220
351
-
-
Dividends
627
999
-
-
withholding
94
150
-
-
total
94
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
540
501
694
672
After tax
810
849
656
678
Living cost
277
277
277
277
Free-cash
533
572
379
401

Estimated living cost  is $277 per week

$167
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.
$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 of data for Athens model

Close
Thessaloniki , Greece
$406
$540
$384
$577
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
surtax
-
-
-
34
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
income
-
-
-
269
other
-
-
-
-
total
-
-
-
672
Employee
407
-
1 115
-
unemployment
28
-
78
-
other
-
-
-
-
income
68
-
248
-
surtax
1
-
31
-
pensions
27
-
74
-
health
10
-
28
-
total
134
-
459
-
Employer
407
-
1 115
-
pensions
54
-
149
-
other
-
-
-
-
health
19
-
51
-
unemployment
13
-
35
-
total
86
-
235
-
Corporate
857
1 350
-
-
income
223
351
-
-
total
223
351
-
-
Dividends
634
999
-
-
withholding
95
150
-
-
total
95
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
694
672
After tax
812
849
656
678
Living cost
272
272
272
272
Free-cash
540
577
384
406

Estimated living cost  is $272 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Budapest , Hungary
$691
$522
$538
$517
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
-
-
-
94
pensions
-
-
-
135
income
-
-
-
165
total
-
-
-
414
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.

354
141
1 130
-
unemployment
5
2
17
-
income
43
17
138
-
pensions
35
14
113
-
health
25
10
79
-
total
108
43
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.

354
141
1 130
-
pensions
69
27
220
-
total
69
27
220
-
Corporate
927
1 182
-
-
income
83
106
-
-
total
83
106
-
-
Dividends
844
1 075
-
-
withholding
160
204
-
-
social contributions
163
208
-
-
total
323
412
-
-
Income
1 350
1 350
1 350
1 350
Total tax
583
588
567
414
After tax
767
762
783
936
Living cost
245
245
245
245
Free-cash
522
517
538
691

Estimated living cost  is $245 per week

$167
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.
$53
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
$214
$236
$225
$247
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
national
-
-
-
221
pensions
-
-
-
162
social contributions
-
-
-
15
municipal
-
-
-
143
total
-
-
-
541
Employee
923
-
1 167
-
municipal
114
-
148
-
national
177
-
229
-
pensions
37
-
47
-
total
328
-
424
-
Employer
923
-
1 167
-
pensions
74
-
93
-
social contributions
10
-
13
-
total
84
-
106
-
Corporate
283
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
226
1 080
-
-
withholding
50
238
-
-
total
50
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
519
508
530
541
After tax
831
842
820
809
Living cost
595
595
595
595
Free-cash
236
247
225
214

Estimated living cost  is $595 per week

$405
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
$189
$270
$189
$243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
123
income
-
-
-
336
total
-
-
-
459
Employee
964
-
1 350
-
social contributions
80
-
123
-
income
182
-
336
-
total
262
-
459
-
Employer
964
-
1 350
-
total
-
-
-
-
Corporate
386
1 350
-
-
income
48
169
-
-
total
48
169
-
-
Dividends
338
1 181
-
-
withholding
68
236
-
-
total
68
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
378
405
459
459
After tax
972
945
891
891
Living cost
702
702
702
702
Free-cash
270
243
189
189

Estimated living cost  is $702 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
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.
$104
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
$165
$136
$101
$200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
national
-
-
-
295
regional
-
-
-
15
social contributions
-
-
-
347
municipal
-
-
-
8
total
-
-
-
665
Employee
1 095
-
1 350
-
municipal
6
-
7
-
national
190
-
254
-
social contributions
369
-
455
-
regional
10
-
13
-
total
575
-
729
-
Employer
1 095
-
1 350
-
total
-
-
-
-
Corporate
255
1 350
-
-
nationa
61
324
-
-
municipal
10
53
-
-
total
71
377
-
-
Dividends
184
973
-
-
withholding
48
253
-
-
total
48
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
694
630
729
665
After tax
656
720
621
685
Living cost
520
520
520
520
Free-cash
136
200
101
165

Estimated living cost  is $520 per week

$362
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.
$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.
$115
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
$348
$351
$284
$378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
national
-
-
-
295
regional
-
-
-
20
social contributions
-
-
-
347
municipal
-
-
-
8
total
-
-
-
670
Employee
683
-
1 350
-
municipal
4
-
7
-
national
108
-
254
-
social contributions
230
-
455
-
regional
9
-
18
-
total
351
-
734
-
Employer
683
-
1 350
-
total
-
-
-
-
Corporate
667
1 350
-
-
nationa
160
324
-
-
municipal
33
67
-
-
total
193
391
-
-
Dividends
473
959
-
-
withholding
123
249
-
-
total
123
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
667
640
734
670
After tax
683
710
616
680
Living cost
332
332
332
332
Free-cash
351
378
284
348

Estimated living cost  is $332 per week

$206
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.
$86
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