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
$ 1600
per

Your estimated
City
free-cash

Andorra , Andorra
$830
$1030
$872
$1072
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
-
-
-
1 600
social contributions
-
-
-
352
income
-
-
-
50
total
-
-
-
402
Employee
394
-
1 385
-
social contributions
26
-
90
-
income
-
-
55
-
total
26
-
145
-
Employer
394
-
1 385
-
social contributions
61
-
215
-
total
61
-
215
-
Corporate
1 145
1 600
-
-
income
115
160
-
-
total
115
160
-
-
Dividends
1 031
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
202
160
360
402
After tax
1 398
1 440
1 240
1 198
Living cost
368
368
368
368
Free-cash
1 030
1 072
872
830

Estimated living cost  is $368 per week

$238
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.
$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

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
$417
$495
$48
$501
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
-
-
-
1 600
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
6
pensions
-
-
-
265
income
-
-
-
337
total
-
-
-
792
Employee
535
488
1 242
-
unemployment
16
15
37
-
other
5
5
12
-
income
48
36
281
-
pensions
55
50
127
-
health
21
19
48
-
total
145
125
505
-
Employer
535
488
1 242
-
pensions
67
61
156
-
surtax
-
-
-
-
payroll
16
15
37
-
other
25
23
59
-
health
20
18
47
-
accident
7
6
16
-
unemployment
16
15
37
-
chamber of commerce
2
2
5
-
total
153
140
357
-
Corporate
911
972
1 196
-
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.

228
243
299
-
total
228
243
299
-
Dividends
683
729
-
-
withholding
188
200
-
-
total
188
200
-
-
Income
1 600
1 600
1 600
1 600
Total tax
714
708
1 161
792
After tax
886
892
439
808
Living cost
391
391
391
391
Free-cash
495
501
48
417

Estimated living cost  is $391 per week

$234
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.
$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

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
$375
$442
$7
$460
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
-
-
-
1 600
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
6
pensions
-
-
-
265
income
-
-
-
337
total
-
-
-
794
Employee
612
488
1 241
-
unemployment
18
15
37
-
other
6
5
12
-
income
70
36
280
-
pensions
63
50
127
-
health
24
19
48
-
total
181
125
504
-
Employer
612
488
1 241
-
pensions
77
61
156
-
surtax
2
2
2
-
payroll
18
15
37
-
other
29
23
59
-
health
23
18
47
-
accident
8
6
16
-
unemployment
18
15
37
-
chamber of commerce
2
2
5
-
total
177
142
359
-
Corporate
810
969
1 194
-
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.

202
242
299
-
total
202
242
299
-
Dividends
607
727
-
-
withholding
167
200
-
-
total
167
200
-
-
Income
1 600
1 600
1 600
1 600
Total tax
727
709
1 162
794
After tax
873
891
438
806
Living cost
431
431
431
431
Free-cash
442
460
7
375

Estimated living cost  is $431 per week

$288
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
$267
$265
$148
$450
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
-
-
-
1 600
national
-
-
-
553
communal

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

-
-
-
81
social contributions
-
-
-
253
total
-
-
-
887
Employee

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

876
-
1 239
-
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
-
11
-
national
269
-
418
-
communal

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

46
-
65
-
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
-
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.

41
-
58
-
total
430
-
645
-
Employer

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

876
-
1 239
-
surtax
99
-
141
-
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
-
110
-
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
-
76
-
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
-
16
-
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
-
18
-
total
255
-
361
-
Corporate
470
1 600
-
-
income
94
320
-
-
surtax
2
6
-
-
total
96
326
-
-
Dividends
374
1 274
-
-
withholding

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

108
378
-
-
total
108
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
889
704
1 006
887
After tax
711
896
594
713
Living cost
446
446
446
446
Free-cash
265
450
148
267

Estimated living cost  is $446 per week

$287
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.
$113
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
$1036
$1083
$1091
$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
-
-
-
1 600
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
240
total
-
-
-
354
Employee
279
-
1 516
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
152
-
pensions

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

24
-
38
-
health
13
-
20
-
total
68
-
215
-
Employer
279
-
1 516
-
pensions

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

31
-
47
-
health
19
-
29
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
84
-
Corporate
1 267
1 600
-
-
income
127
160
-
-
total
127
160
-
-
Dividends
1 140
1 440
-
-
withholding
57
72
-
-
total
57
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
307
232
299
354
After tax
1 293
1 368
1 301
1 246
Living cost
210
210
210
210
Free-cash
1 083
1 158
1 091
1 036

Estimated living cost  is $210 per week

$139
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.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
$1086
$1151
$1141
$1208
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
-
-
-
1 600
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
240
total
-
-
-
354
Employee
212
-
1 516
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
152
-
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
-
215
-
Employer
212
-
1 516
-
pensions

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

23
-
47
-
health
15
-
29
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
41
-
84
-
Corporate
1 346
1 600
-
-
income
135
160
-
-
total
135
160
-
-
Dividends
1 211
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
289
232
299
354
After tax
1 311
1 368
1 301
1 246
Living cost
160
160
160
160
Free-cash
1 151
1 208
1 141
1 086

Estimated living cost  is $160 per week

$94
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.
$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
$837
$819
$821
$887
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
-
-
-
1 600
health
-
-
-
41
social contributions
-
-
-
198
income
-
-
-
241
total
-
-
-
480
Employee
941
941
1 467
-
income
102
87
234
-
social contributions
36
78
105
-
health
7
16
25
-
total
145
181
364
-
Employer
941
941
1 467
-
social contributions
36
78
105
-
health
8
17
27
-
total
44
95
132
-
Corporate
1 128
563
-
-
income
141
70
-
-
total
141
70
-
-
Dividends
987
493
-
-
withholding
168
84
-
-
total
168
84
-
-
Income
1 600
1 600
1 600
1 600
Total tax
498
430
496
480
After tax
1 102
1 170
1 104
1 120
Living cost
283
283
283
283
Free-cash
819
887
821
837

Estimated living cost  is $283 per week

$170
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.
$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

Source of data for Larnaca model

Close
Limassol , Cyprus
$723
$721
$707
$773
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
-
-
-
1 600
health
-
-
-
41
social contributions
-
-
-
198
income
-
-
-
241
total
-
-
-
480
Employee
941
941
1 467
-
income
99
87
234
-
social contributions
46
78
105
-
health
9
16
25
-
total
154
181
364
-
Employer
941
941
1 467
-
social contributions
46
78
105
-
health
10
17
27
-
total
56
95
132
-
Corporate
993
563
-
-
income
124
70
-
-
total
124
70
-
-
Dividends
869
493
-
-
withholding
148
84
-
-
total
148
84
-
-
Income
1 600
1 600
1 600
1 600
Total tax
482
430
496
480
After tax
1 118
1 170
1 104
1 120
Living cost
397
397
397
397
Free-cash
721
773
707
723

Estimated living cost  is $397 per week

$271
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.
$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

Source of data for Limassol model

Close
Brno , Czech Republic
$547
$718
$529
$819
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
-
-
-
1 600
health
-
-
-
216
social contributions
-
-
-
407
income
-
-
-
147
solidarity contribution
-
-
-
-
total
-
-
-
770
Employee
415
-
1 194
-
income
50
-
143
-
social contributions
27
-
78
-
health
56
-
161
-
solidarity contribution
-
-
-
-
total
133
-
382
-
Employer
415
-
1 194
-
social contributions
104
-
299
-
health
37
-
107
-
total
141
-
406
-
Corporate
1 043
1 600
-
-
income
198
304
-
-
total
198
304
-
-
Dividends
845
1 296
-
-
withholding
127
194
-
-
total
127
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
599
498
788
770
After tax
1 001
1 102
812
830
Living cost
283
283
283
283
Free-cash
718
819
529
547

Estimated living cost  is $283 per week

$196
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
$482
$630
$464
$754
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
-
-
-
1 600
health
-
-
-
216
social contributions
-
-
-
407
income
-
-
-
147
solidarity contribution
-
-
-
-
total
-
-
-
770
Employee
512
-
1 194
-
income
61
-
143
-
social contributions
33
-
78
-
health
69
-
161
-
solidarity contribution
-
-
-
-
total
163
-
382
-
Employer
512
-
1 194
-
social contributions
128
-
299
-
health
46
-
107
-
total
174
-
406
-
Corporate
914
1 600
-
-
income
174
304
-
-
total
174
304
-
-
Dividends
740
1 296
-
-
withholding
111
194
-
-
total
111
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
622
498
788
770
After tax
978
1 102
812
830
Living cost
348
348
348
348
Free-cash
630
754
464
482

Estimated living cost  is $348 per week

$259
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
$382
-$1074
-$1074
-$1074
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
-
-
-
1 600
national
-
-
-
172
pensions
-
-
-
11
municipal
-
-
-
317
labour market
-
-
-
127
total
-
-
-
627
Employee
2 496
2 496
2 496
-
municipal
531
531
531
-
national
305
305
305
-
pensions
4
4
4
-
labour market
199
199
199
-
total
1 039
1 039
1 039
-
Employer
2 496
2 496
2 496
-
pensions
7
7
7
-
labour market
200
200
200
-
municipal
532
532
532
-
national
305
305
305
-
total
1 044
1 044
1 044
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
2 083
2 083
2 083
627
After tax
-483
-483
-483
973
Living cost
591
591
591
591
Free-cash
-1 074
-1 074
-1 074
382

Estimated living cost  is $591 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
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.
$125
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
$562
$908
$626
$984
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
-
-
-
1 600
health
-
-
-
208
pensions
-
-
-
320
income
-
-
-
214
total
-
-
-
742
Employee
347
-
1 196
-
unemployment
6
-
19
-
income
39
-
231
-
pensions
7
-
24
-
total
52
-
274
-
Employer
347
-
1 196
-
pensions
69
-
239
-
health
45
-
155
-
unemployment
3
-
10
-
total
117
-
404
-
Corporate
1 135
1 600
-
-
income
227
320
-
-
total
227
320
-
-
Dividends
908
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
396
320
678
742
After tax
1 204
1 280
922
858
Living cost
296
296
296
296
Free-cash
908
984
626
562

Estimated living cost  is $296 per week

$203
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
$624
$571
$405
$565
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

-
-
-
1 600
national
-
-
-
202
health
-
-
-
20
municipal
-
-
-
284
total
-
-
-
506
Employee
644
-
1 346
-
unemployment
10
-
20
-
municipal
105
-
219
-
national
11
-
125
-
pensions
43
-
91
-
health
5
-
16
-
total
174
-
471
-
Employer
644
-
1 346
-
pensions
112
-
234
-
health
5
-
10
-
accident
1
-
1
-
unemployment
4
-
9
-
total
122
-
254
-
Corporate
834
1 600
-
-
income
167
320
-
-
total
167
320
-
-
Dividends

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

501
960
-
-
municipal
90
173
-
-
national
6
72
-
-
total
96
245
-
-
Income
1 600
1 600
1 600
1 600
Total tax
559
565
725
506
After tax
1 041
1 035
875
1 094
Living cost
470
470
470
470
Free-cash
571
565
405
624

Estimated living cost  is $470 per week

$307
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.
$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

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
$533
$498
$565
$430
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
-
-
-
1 600
surtax
-
-
-
-
health
-
-
-
50
pensions
-
-
-
338
social contributions
-
-
-
46
income
-
-
-
206
other
-
-
-
50
total
-
-
-
690
Employee
468
-
1 271
-
income
24
-
218
-
surtax
-
-
-
-
social contributions
13
-
36
-
pensions
53
-
75
-
total
90
-
329
-
Employer
468
-
1 271
-
pensions
77
-
128
-
social contributions
1
-
4
-
other
16
-
44
-
health
33
-
102
-
unemployment
19
-
51
-
total
146
-
329
-
Corporate
986
1 600
-
-
income
276
448
-
-
surtax
-
-
-
-
total
276
448
-
-
Dividends
710
1 152
-
-
withholding
91
147
-
-
social contributions
122
198
-
-
surtax
-
-
-
-
total
213
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
725
793
658
690
After tax
875
807
942
910
Living cost
377
377
377
377
Free-cash
498
430
565
533

Estimated living cost  is $377 per week

$219
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.
$113
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
$491
$459
$523
$388
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
-
-
-
1 600
surtax
-
-
-
-
health
-
-
-
50
pensions
-
-
-
338
social contributions
-
-
-
46
income
-
-
-
206
other
-
-
-
50
total
-
-
-
690
Employee
524
-
1 271
-
income
31
-
218
-
surtax
-
-
-
-
social contributions
15
-
36
-
pensions
59
-
75
-
total
105
-
329
-
Employer
524
-
1 271
-
pensions
86
-
128
-
social contributions
2
-
4
-
other
18
-
44
-
health
37
-
102
-
unemployment
21
-
51
-
total
164
-
329
-
Corporate
912
1 600
-
-
income
256
448
-
-
surtax
-
-
-
-
total
256
448
-
-
Dividends
657
1 152
-
-
withholding
84
147
-
-
social contributions
113
198
-
-
surtax
-
-
-
-
total
197
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
722
793
658
690
After tax
878
807
942
910
Living cost
419
419
419
419
Free-cash
459
388
523
491

Estimated living cost  is $419 per week

$264
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
$319
$299
$351
$216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
surtax
-
-
-
-
health
-
-
-
50
pensions
-
-
-
338
social contributions
-
-
-
46
income
-
-
-
206
other
-
-
-
50
total
-
-
-
690
Employee
767
-
1 271
-
income
67
-
218
-
surtax
-
-
-
-
social contributions
22
-
36
-
pensions
87
-
75
-
total
176
-
329
-
Employer
767
-
1 271
-
pensions
126
-
128
-
social contributions
2
-
4
-
other
26
-
44
-
health
54
-
102
-
unemployment
31
-
51
-
total
239
-
329
-
Corporate
594
1 600
-
-
income
166
448
-
-
surtax
-
-
-
-
total
166
448
-
-
Dividends
428
1 152
-
-
withholding
55
147
-
-
social contributions
74
198
-
-
surtax
-
-
-
-
total
129
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
710
793
658
690
After tax
890
807
942
910
Living cost
591
591
591
591
Free-cash
299
216
351
319

Estimated living cost  is $591 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
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
$1505
$1426
$1201
$1441
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%.

-
-
-
1 600
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
99
-
1 600
-
income
20
-
320
-
total
20
-
320
-
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%.

1 501
1 600
-
-
total
-
-
-
-
Dividends
1 501
1 600
-
-
withholding
75
80
-
-
total
75
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
95
80
320
16
After tax
1 505
1 520
1 280
1 584
Living cost
79
79
79
79
Free-cash
1 426
1 441
1 201
1 505

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
$1461
$1374
$1157
$1397
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%.

-
-
-
1 600
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
154
-
1 600
-
income
31
-
320
-
total
31
-
320
-
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%.

1 446
1 600
-
-
total
-
-
-
-
Dividends
1 446
1 600
-
-
withholding
72
80
-
-
total
72
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
103
80
320
16
After tax
1 497
1 520
1 280
1 584
Living cost
123
123
123
123
Free-cash
1 374
1 397
1 157
1 461

Estimated living cost  is $123 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
$438
$512
$586
$351
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.

-
-
-
1 600
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.

-
-
-
24
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.

-
-
-
433
trade
-
-
-
148
total
-
-
-
689
Employee

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

609
-
1 600
-
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
-
433
-
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
-
24
-
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
-
541
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
991
1 600
-
-
trade
142
230
-
-
income
149
240
-
-
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.

8
13
-
-
total
302
487
-
-
Dividends
689
1 113
-
-
withholding
167
274
-
-
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.

9
15
-
-
total
176
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
615
776
541
689
After tax
985
824
1 059
911
Living cost
473
473
473
473
Free-cash
512
351
586
438

Estimated living cost  is $473 per week

$326
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
$526
$573
$688
$437
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.

-
-
-
1 600
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.

-
-
-
24
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.

-
-
-
433
trade
-
-
-
162
total
-
-
-
703
Employee

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

468
-
1 600
-
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
-
433
-
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
-
24
-
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
-
541
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 132
1 600
-
-
trade
178
252
-
-
income
170
240
-
-
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.

9
13
-
-
total
360
509
-
-
Dividends
771
1 091
-
-
withholding
188
268
-
-
surtax

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

10
15
-
-
total
198
283
-
-
Income
1 600
1 600
1 600
1 600
Total tax
656
792
541
703
After tax
944
808
1 059
897
Living cost
371
371
371
371
Free-cash
573
437
688
526

Estimated living cost  is $371 per week

$233
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.
$87
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
$408
$491
$578
$319
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.

-
-
-
1 600
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.

-
-
-
24
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.

-
-
-
433
trade
-
-
-
170
total
-
-
-
711
Employee

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

621
-
1 600
-
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.

53
-
433
-
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
-
24
-
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
140
-
541
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
979
1 600
-
-
trade
161
263
-
-
income
147
240
-
-
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.

8
13
-
-
total
319
520
-
-
Dividends
660
1 079
-
-
withholding
160
265
-
-
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.

9
15
-
-
total
169
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
628
800
541
711
After tax
972
800
1 059
889
Living cost
481
481
481
481
Free-cash
491
319
578
408

Estimated living cost  is $481 per week

$322
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.
$101
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
$321
$428
$498
$232
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.

-
-
-
1 600
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.

-
-
-
24
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.

-
-
-
433
trade
-
-
-
177
total
-
-
-
718
Employee

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

736
-
1 600
-
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
-
433
-
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
-
24
-
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
-
541
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
864
1 600
-
-
trade
148
274
-
-
income
130
240
-
-
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
13
-
-
total
288
531
-
-
Dividends
576
1 068
-
-
withholding
139
262
-
-
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
14
-
-
total
147
276
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
807
541
718
After tax
989
793
1 059
882
Living cost
561
561
561
561
Free-cash
428
232
498
321

Estimated living cost  is $561 per week

$410
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.
$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

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
$488
$692
$462
$731
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
-
-
-
1 600
surtax
-
-
-
48
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
320
income
-
-
-
352
other
-
-
-
-
total
-
-
-
837
Employee
412
-
1 322
-
unemployment
29
-
92
-
other
-
-
-
-
income
69
-
327
-
surtax
1
-
44
-
pensions
28
-
88
-
health
11
-
34
-
total
138
-
585
-
Employer
412
-
1 322
-
pensions
55
-
176
-
other
-
-
-
-
health
19
-
60
-
unemployment
13
-
42
-
total
87
-
278
-
Corporate
1 101
1 600
-
-
income
286
416
-
-
total
286
416
-
-
Dividends
815
1 184
-
-
withholding
122
178
-
-
total
122
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
633
594
863
837
After tax
967
1 006
737
763
Living cost
275
275
275
275
Free-cash
692
731
462
488

Estimated living cost  is $275 per week

$166
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
$493
$699
$467
$736
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
-
-
-
1 600
surtax
-
-
-
48
unemployment
-
-
-
3
health
-
-
-
114
pensions
-
-
-
320
income
-
-
-
352
other
-
-
-
-
total
-
-
-
837
Employee
405
-
1 322
-
unemployment
28
-
92
-
other
-
-
-
-
income
68
-
327
-
surtax
1
-
44
-
pensions
27
-
88
-
health
10
-
34
-
total
134
-
585
-
Employer
405
-
1 322
-
pensions
54
-
176
-
other
-
-
-
-
health
18
-
60
-
unemployment
13
-
42
-
total
85
-
278
-
Corporate
1 110
1 600
-
-
income
289
416
-
-
total
289
416
-
-
Dividends
821
1 184
-
-
withholding
123
178
-
-
total
123
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
631
594
863
837
After tax
969
1 006
737
763
Living cost
270
270
270
270
Free-cash
699
736
467
493

Estimated living cost  is $270 per week

$165
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
$865
$663
$684
$657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
unemployment
-
-
-
24
health
-
-
-
112
pensions
-
-
-
160
income
-
-
-
196
total
-
-
-
492
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.

351
140
1 339
-
unemployment
5
2
20
-
income
43
17
164
-
pensions
35
14
134
-
health
25
10
94
-
total
108
43
412
-
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.

351
140
1 339
-
pensions
68
27
261
-
total
68
27
261
-
Corporate
1 181
1 433
-
-
income
106
129
-
-
total
106
129
-
-
Dividends
1 075
1 304
-
-
withholding
204
248
-
-
social contributions
208
253
-
-
total
412
501
-
-
Income
1 600
1 600
1 600
1 600
Total tax
694
700
673
492
After tax
906
900
927
1 108
Living cost
243
243
243
243
Free-cash
663
657
684
865

Estimated living cost  is $243 per week

$166
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.
$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 Budapest model

Close
Reykjavik , Iceland
$359
$396
$372
$405
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
-
-
-
1 600
national
-
-
-
267
pensions
-
-
-
192
social contributions
-
-
-
17
municipal
-
-
-
172
total
-
-
-
648
Employee
919
-
1 383
-
municipal
113
-
178
-
national
176
-
276
-
pensions
37
-
55
-
total
326
-
509
-
Employer
919
-
1 383
-
pensions
73
-
111
-
social contributions
10
-
15
-
total
83
-
126
-
Corporate
537
1 600
-
-
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%.

107
320
-
-
total
107
320
-
-
Dividends
430
1 280
-
-
withholding
95
282
-
-
total
95
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
602
635
648
After tax
989
998
965
952
Living cost
593
593
593
593
Free-cash
396
405
372
359

Estimated living cost  is $593 per week

$403
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
$315
$450
$315
$423
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
-
-
-
1 600
social contributions
-
-
-
150
income
-
-
-
438
total
-
-
-
588
Employee
958
-
1 600
-
social contributions
80
-
150
-
income
181
-
438
-
total
261
-
588
-
Employer
958
-
1 600
-
total
-
-
-
-
Corporate
642
1 600
-
-
income
80
200
-
-
total
80
200
-
-
Dividends
562
1 400
-
-
withholding
112
280
-
-
total
112
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
453
480
588
588
After tax
1 147
1 120
1 012
1 012
Living cost
697
697
697
697
Free-cash
450
423
315
315

Estimated living cost  is $697 per week

$530
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.
$103
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
$277
$272
$201
$337
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
-
-
-
1 600
national
-
-
-
366
regional
-
-
-
18
social contributions
-
-
-
412
municipal
-
-
-
10
total
-
-
-
806
Employee
1 088
-
1 600
-
municipal
6
-
8
-
national
189
-
318
-
social contributions
367
-
540
-
regional
10
-
16
-
total
572
-
882
-
Employer
1 088
-
1 600
-
total
-
-
-
-
Corporate
512
1 600
-
-
nationa
123
384
-
-
municipal
20
62
-
-
total
143
446
-
-
Dividends
369
1 154
-
-
withholding
96
300
-
-
total
96
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
811
746
882
806
After tax
789
854
718
794
Living cost
517
517
517
517
Free-cash
272
337
201
277

Estimated living cost  is $517 per week

$360
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
$458
$483
$382
$511
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
-
-
-
1 600
national
-
-
-
366
regional
-
-
-
24
social contributions
-
-
-
412
municipal
-
-
-
10
total
-
-
-
812
Employee
679
-
1 600
-
municipal
4
-
8
-
national
108
-
318
-
social contributions
229
-
540
-
regional
9
-
22
-
total
350
-
888
-
Employer
679
-
1 600
-
total
-
-
-
-
Corporate
921
1 600
-
-
nationa
221
384
-
-
municipal
46
80
-
-
total
267
464
-
-
Dividends
654
1 136
-
-
withholding
170
295
-
-
total
170
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
787
759
888
812
After tax
813
841
712
788
Living cost
330
330
330
330
Free-cash
483
511
382
458

Estimated living cost  is $330 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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