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
$ 1900
per

Your estimated
City
free-cash

Andorra , Andorra
$1040
$1300
$1091
$1342
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
-
-
-
1 900
social contributions
-
-
-
418
income
-
-
-
74
total
-
-
-
492
Employee
394
-
1 645
-
social contributions
26
-
107
-
income
-
-
79
-
total
26
-
186
-
Employer
394
-
1 645
-
social contributions
61
-
255
-
total
61
-
255
-
Corporate
1 445
1 900
-
-
income
145
190
-
-
total
145
190
-
-
Dividends
1 301
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
232
190
441
492
After tax
1 668
1 710
1 459
1 408
Living cost
368
368
368
368
Free-cash
1 300
1 342
1 091
1 040

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
$585
$658
$107
$664
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
-
-
-
1 900
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
8
pensions
-
-
-
265
income
-
-
-
467
total
-
-
-
924
Employee
535
488
1 484
-
unemployment
16
15
43
-
other
5
5
14
-
income
48
36
368
-
pensions
55
50
146
-
health
21
19
55
-
total
145
125
626
-
Employer
535
488
1 484
-
pensions
67
61
179
-
surtax
-
-
-
-
payroll
16
15
45
-
other
25
23
70
-
health
20
18
54
-
accident
7
6
19
-
unemployment
16
15
43
-
chamber of commerce
2
2
6
-
total
153
140
416
-
Corporate
1 211
1 272
1 438
-
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.

303
318
360
-
total
303
318
360
-
Dividends
908
954
-
-
withholding
250
262
-
-
total
250
262
-
-
Income
1 900
1 900
1 900
1 900
Total tax
851
845
1 402
924
After tax
1 049
1 055
498
976
Living cost
391
391
391
391
Free-cash
658
664
107
585

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
$543
$605
$68
$623
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
-
-
-
1 900
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
8
pensions
-
-
-
265
income
-
-
-
467
total
-
-
-
926
Employee
612
488
1 482
-
unemployment
18
15
43
-
other
6
5
14
-
income
70
36
367
-
pensions
63
50
146
-
health
24
19
55
-
total
181
125
625
-
Employer
612
488
1 482
-
pensions
77
61
179
-
surtax
2
2
2
-
payroll
18
15
44
-
other
29
23
70
-
health
23
18
54
-
accident
8
6
19
-
unemployment
18
15
43
-
chamber of commerce
2
2
6
-
total
177
142
417
-
Corporate
1 110
1 269
1 436
-
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.

277
317
359
-
total
277
317
359
-
Dividends
832
952
-
-
withholding
229
262
-
-
total
229
262
-
-
Income
1 900
1 900
1 900
1 900
Total tax
864
846
1 401
926
After tax
1 036
1 054
499
974
Living cost
431
431
431
431
Free-cash
605
623
68
543

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
$380
$433
$238
$617
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
-
-
-
1 900
national
-
-
-
682
communal

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

-
-
-
96
social contributions
-
-
-
296
total
-
-
-
1 074
Employee

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

876
-
1 472
-
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
-
13
-
national
269
-
519
-
communal

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

46
-
77
-
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
-
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.

41
-
69
-
total
430
-
788
-
Employer

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

876
-
1 472
-
surtax
99
-
167
-
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
-
130
-
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
-
91
-
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
-
19
-
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
-
21
-
total
255
-
428
-
Corporate
770
1 900
-
-
income
154
380
-
-
surtax
3
8
-
-
total
157
388
-
-
Dividends
613
1 512
-
-
withholding

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

179
449
-
-
total
179
449
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 021
837
1 216
1 074
After tax
879
1 063
684
826
Living cost
446
446
446
446
Free-cash
433
617
238
380

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
$1291
$1339
$1362
$1415
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
-
-
-
1 900
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
-
-
-
285
total
-
-
-
399
Employee
278
-
1 816
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
182
-
pensions

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

24
-
37
-
health
13
-
20
-
total
68
-
244
-
Employer
278
-
1 816
-
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
1 567
1 900
-
-
income
157
190
-
-
total
157
190
-
-
Dividends
1 410
1 710
-
-
withholding
71
85
-
-
total
71
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
351
275
328
399
After tax
1 549
1 625
1 572
1 501
Living cost
210
210
210
210
Free-cash
1 339
1 415
1 362
1 291

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
$1341
$1408
$1412
$1465
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
-
-
-
1 900
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
-
-
-
285
total
-
-
-
399
Employee
212
-
1 816
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
182
-
pensions

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

19
-
37
-
health
10
-
20
-
total
52
-
244
-
Employer
212
-
1 816
-
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
1 646
1 900
-
-
income
165
190
-
-
total
165
190
-
-
Dividends
1 482
1 710
-
-
withholding
74
85
-
-
total
74
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
332
275
328
399
After tax
1 568
1 625
1 572
1 501
Living cost
160
160
160
160
Free-cash
1 408
1 465
1 412
1 341

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
$1029
$1038
$1011
$1105
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
-
-
-
1 900
health
-
-
-
48
social contributions
-
-
-
198
income
-
-
-
342
total
-
-
-
588
Employee
941
941
1 762
-
income
102
87
333
-
social contributions
36
78
105
-
health
7
16
30
-
total
145
181
468
-
Employer
941
941
1 762
-
social contributions
36
78
105
-
health
8
17
33
-
total
44
95
138
-
Corporate
1 428
863
-
-
income
178
108
-
-
total
178
108
-
-
Dividends
1 249
755
-
-
withholding
212
128
-
-
total
212
128
-
-
Income
1 900
1 900
1 900
1 900
Total tax
579
512
606
588
After tax
1 321
1 388
1 294
1 312
Living cost
283
283
283
283
Free-cash
1 038
1 105
1 011
1 029

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
$915
$939
$897
$991
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
-
-
-
1 900
health
-
-
-
48
social contributions
-
-
-
198
income
-
-
-
342
total
-
-
-
588
Employee
941
941
1 762
-
income
99
87
333
-
social contributions
46
78
105
-
health
9
16
30
-
total
154
181
468
-
Employer
941
941
1 762
-
social contributions
46
78
105
-
health
10
17
33
-
total
56
95
138
-
Corporate
1 293
863
-
-
income
162
108
-
-
total
162
108
-
-
Dividends
1 131
755
-
-
withholding
192
128
-
-
total
192
128
-
-
Income
1 900
1 900
1 900
1 900
Total tax
564
512
606
588
After tax
1 336
1 388
1 294
1 312
Living cost
397
397
397
397
Free-cash
939
991
897
915

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
$767
$925
$687
$1025
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
-
-
-
1 900
health
-
-
-
257
social contributions
-
-
-
407
income
-
-
-
186
solidarity contribution
-
-
-
-
total
-
-
-
850
Employee
415
-
1 424
-
income
50
-
171
-
social contributions
27
-
91
-
health
56
-
192
-
solidarity contribution
-
-
-
-
total
133
-
454
-
Employer
415
-
1 424
-
social contributions
104
-
348
-
health
37
-
128
-
total
141
-
476
-
Corporate
1 343
1 900
-
-
income
255
361
-
-
total
255
361
-
-
Dividends
1 088
1 539
-
-
withholding
163
231
-
-
total
163
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
692
592
930
850
After tax
1 208
1 308
970
1 050
Living cost
283
283
283
283
Free-cash
925
1 025
687
767

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
$702
$837
$622
$960
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
-
-
-
1 900
health
-
-
-
257
social contributions
-
-
-
407
income
-
-
-
186
solidarity contribution
-
-
-
-
total
-
-
-
850
Employee
512
-
1 424
-
income
61
-
171
-
social contributions
33
-
91
-
health
69
-
192
-
solidarity contribution
-
-
-
-
total
163
-
454
-
Employer
512
-
1 424
-
social contributions
128
-
348
-
health
46
-
128
-
total
174
-
476
-
Corporate
1 214
1 900
-
-
income
231
361
-
-
total
231
361
-
-
Dividends
983
1 539
-
-
withholding
147
231
-
-
total
147
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
715
592
930
850
After tax
1 185
1 308
970
1 050
Living cost
348
348
348
348
Free-cash
837
960
622
702

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
$545
-$774
-$774
-$774
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
-
-
-
1 900
national
-
-
-
214
pensions
-
-
-
11
municipal
-
-
-
388
labour market
-
-
-
151
total
-
-
-
764
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
1 900
1 900
1 900
1 900
Total tax
2 083
2 083
2 083
764
After tax
-183
-183
-183
1 136
Living cost
591
591
591
591
Free-cash
-774
-774
-774
545

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
$722
$1148
$799
$1224
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
-
-
-
1 900
health
-
-
-
247
pensions
-
-
-
380
income
-
-
-
255
total
-
-
-
882
Employee
347
-
1 420
-
unemployment
6
-
23
-
income
39
-
274
-
pensions
7
-
28
-
total
52
-
325
-
Employer
347
-
1 420
-
pensions
69
-
284
-
health
45
-
185
-
unemployment
3
-
11
-
total
117
-
480
-
Corporate
1 435
1 900
-
-
income
287
380
-
-
total
287
380
-
-
Dividends
1 148
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
456
380
805
882
After tax
1 444
1 520
1 095
1 018
Living cost
296
296
296
296
Free-cash
1 148
1 224
799
722

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
$793
$760
$543
$737
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

-
-
-
1 900
national
-
-
-
275
health
-
-
-
24
municipal
-
-
-
338
total
-
-
-
637
Employee
644
-
1 598
-
unemployment
10
-
24
-
municipal
105
-
260
-
national
11
-
174
-
pensions
43
-
108
-
health
5
-
20
-
total
174
-
586
-
Employer
644
-
1 598
-
pensions
112
-
277
-
health
5
-
12
-
accident
1
-
2
-
unemployment
4
-
10
-
total
122
-
301
-
Corporate
1 134
1 900
-
-
income
227
380
-
-
total
227
380
-
-
Dividends

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

681
1 140
-
-
municipal
123
205
-
-
national
24
108
-
-
total
147
313
-
-
Income
1 900
1 900
1 900
1 900
Total tax
670
693
887
637
After tax
1 230
1 207
1 013
1 263
Living cost
470
470
470
470
Free-cash
760
737
543
793

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
$698
$649
$696
$581
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
-
-
-
1 900
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
363
social contributions
-
-
-
54
income
-
-
-
277
other
-
-
-
59
total
-
-
-
825
Employee
468
-
1 487
-
income
24
-
275
-
surtax
-
-
-
-
social contributions
13
-
42
-
pensions
53
-
97
-
total
90
-
414
-
Employer
468
-
1 487
-
pensions
77
-
164
-
social contributions
1
-
4
-
other
16
-
55
-
health
33
-
130
-
unemployment
19
-
60
-
total
146
-
413
-
Corporate
1 286
1 900
-
-
income
360
532
-
-
surtax
-
-
-
-
total
360
532
-
-
Dividends
926
1 368
-
-
withholding
119
175
-
-
social contributions
159
235
-
-
surtax
-
-
-
-
total
278
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
874
942
827
825
After tax
1 026
958
1 073
1 075
Living cost
377
377
377
377
Free-cash
649
581
696
698

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
$656
$610
$654
$539
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
-
-
-
1 900
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
363
social contributions
-
-
-
54
income
-
-
-
277
other
-
-
-
59
total
-
-
-
825
Employee
524
-
1 487
-
income
31
-
275
-
surtax
-
-
-
-
social contributions
15
-
42
-
pensions
59
-
97
-
total
105
-
414
-
Employer
524
-
1 487
-
pensions
86
-
164
-
social contributions
2
-
4
-
other
18
-
55
-
health
37
-
130
-
unemployment
21
-
60
-
total
164
-
413
-
Corporate
1 212
1 900
-
-
income
340
532
-
-
surtax
-
-
-
-
total
340
532
-
-
Dividends
873
1 368
-
-
withholding
112
175
-
-
social contributions
150
235
-
-
surtax
-
-
-
-
total
262
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
871
942
827
825
After tax
1 029
958
1 073
1 075
Living cost
419
419
419
419
Free-cash
610
539
654
656

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
$484
$451
$482
$367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
surtax
-
-
-
-
health
-
-
-
72
pensions
-
-
-
363
social contributions
-
-
-
54
income
-
-
-
277
other
-
-
-
59
total
-
-
-
825
Employee
767
-
1 487
-
income
67
-
275
-
surtax
-
-
-
-
social contributions
22
-
42
-
pensions
87
-
97
-
total
176
-
414
-
Employer
767
-
1 487
-
pensions
126
-
164
-
social contributions
2
-
4
-
other
26
-
55
-
health
54
-
130
-
unemployment
31
-
60
-
total
239
-
413
-
Corporate
894
1 900
-
-
income
250
532
-
-
surtax
-
-
-
-
total
250
532
-
-
Dividends
644
1 368
-
-
withholding
82
175
-
-
social contributions
111
235
-
-
surtax
-
-
-
-
total
193
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
858
942
827
825
After tax
1 042
958
1 073
1 075
Living cost
591
591
591
591
Free-cash
451
367
482
484

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
$1802
$1711
$1441
$1726
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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
99
-
1 900
-
income
20
-
380
-
total
20
-
380
-
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%.

1 801
1 900
-
-
total
-
-
-
-
Dividends
1 801
1 900
-
-
withholding
90
95
-
-
total
90
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
110
95
380
19
After tax
1 790
1 805
1 520
1 881
Living cost
79
79
79
79
Free-cash
1 711
1 726
1 441
1 802

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
$1758
$1659
$1397
$1682
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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
154
-
1 900
-
income
31
-
380
-
total
31
-
380
-
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%.

1 746
1 900
-
-
total
-
-
-
-
Dividends
1 746
1 900
-
-
withholding
87
95
-
-
total
87
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
118
95
380
19
After tax
1 782
1 805
1 520
1 881
Living cost
123
123
123
123
Free-cash
1 659
1 682
1 397
1 758

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
$562
$664
$753
$504
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.

-
-
-
1 900
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.

-
-
-
31
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.

-
-
-
559
trade
-
-
-
191
total
-
-
-
865
Employee

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

609
-
1 900
-
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
-
559
-
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
-
31
-
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
-
674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 291
1 900
-
-
trade
185
273
-
-
income
194
285
-
-
chamber of commerce
4
5
-
-
surtax

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

11
16
-
-
total
394
579
-
-
Dividends
898
1 322
-
-
withholding
220
326
-
-
surtax

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

12
18
-
-
total
232
344
-
-
Income
1 900
1 900
1 900
1 900
Total tax
763
923
674
865
After tax
1 137
977
1 226
1 035
Living cost
473
473
473
473
Free-cash
664
504
753
562

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
$645
$722
$855
$587
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.

-
-
-
1 900
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.

-
-
-
31
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.

-
-
-
559
trade
-
-
-
210
total
-
-
-
884
Employee

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

468
-
1 900
-
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
-
559
-
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
-
31
-
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
-
674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 432
1 900
-
-
trade
226
299
-
-
income
215
285
-
-
chamber of commerce
4
5
-
-
surtax

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

12
16
-
-
total
457
605
-
-
Dividends
976
1 295
-
-
withholding
239
319
-
-
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.

13
18
-
-
total
252
337
-
-
Income
1 900
1 900
1 900
1 900
Total tax
807
942
674
884
After tax
1 093
958
1 226
1 016
Living cost
371
371
371
371
Free-cash
722
587
855
645

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
$526
$639
$745
$467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
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.

-
-
-
31
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.

-
-
-
559
trade
-
-
-
219
total
-
-
-
893
Employee

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

621
-
1 900
-
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
-
559
-
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
-
31
-
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
-
674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 279
1 900
-
-
trade
210
313
-
-
income
192
285
-
-
chamber of commerce
4
5
-
-
surtax

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

11
16
-
-
total
417
619
-
-
Dividends
863
1 282
-
-
withholding
211
316
-
-
surtax

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

12
17
-
-
total
223
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
780
952
674
893
After tax
1 120
948
1 226
1 007
Living cost
481
481
481
481
Free-cash
639
467
745
526

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
$437
$574
$665
$377
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.

-
-
-
1 900
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.

-
-
-
31
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.

-
-
-
559
trade
-
-
-
228
total
-
-
-
902
Employee

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

736
-
1 900
-
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
-
559
-
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
-
31
-
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
-
674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 164
1 900
-
-
trade
200
326
-
-
income
175
285
-
-
chamber of commerce
4
5
-
-
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
16
-
-
total
389
632
-
-
Dividends
777
1 269
-
-
withholding
190
313
-
-
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
17
-
-
total
200
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
765
962
674
902
After tax
1 135
938
1 226
998
Living cost
561
561
561
561
Free-cash
574
377
665
437

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
$626
$880
$561
$920
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
-
-
-
1 900
surtax
-
-
-
70
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
483
other
-
-
-
-
total
-
-
-
999
Employee
412
-
1 570
-
unemployment
29
-
109
-
other
-
-
-
-
income
69
-
420
-
surtax
1
-
60
-
pensions
28
-
105
-
health
11
-
40
-
total
138
-
734
-
Employer
412
-
1 570
-
pensions
55
-
209
-
other
-
-
-
-
health
19
-
71
-
unemployment
13
-
50
-
total
87
-
330
-
Corporate
1 401
1 900
-
-
income
364
494
-
-
total
364
494
-
-
Dividends
1 037
1 406
-
-
withholding
156
211
-
-
total
156
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
745
705
1 064
999
After tax
1 155
1 195
836
901
Living cost
275
275
275
275
Free-cash
880
920
561
626

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
$631
$888
$566
$925
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
-
-
-
1 900
surtax
-
-
-
70
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
483
other
-
-
-
-
total
-
-
-
999
Employee
405
-
1 570
-
unemployment
28
-
109
-
other
-
-
-
-
income
68
-
420
-
surtax
1
-
60
-
pensions
27
-
105
-
health
10
-
40
-
total
134
-
734
-
Employer
405
-
1 570
-
pensions
54
-
209
-
other
-
-
-
-
health
18
-
71
-
unemployment
13
-
50
-
total
85
-
330
-
Corporate
1 410
1 900
-
-
income
367
494
-
-
total
367
494
-
-
Dividends
1 043
1 406
-
-
withholding
156
211
-
-
total
156
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
742
705
1 064
999
After tax
1 158
1 195
836
901
Living cost
270
270
270
270
Free-cash
888
925
566
631

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
$1073
$831
$859
$825
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
-
-
-
1 900
unemployment
-
-
-
29
health
-
-
-
133
pensions
-
-
-
190
income
-
-
-
232
total
-
-
-
584
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
1 590
-
unemployment
5
2
24
-
income
43
17
194
-
pensions
35
14
159
-
health
25
10
111
-
total
108
43
488
-
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
1 590
-
pensions
68
27
310
-
total
68
27
310
-
Corporate
1 481
1 733
-
-
income
133
156
-
-
total
133
156
-
-
Dividends
1 348
1 577
-
-
withholding
256
300
-
-
social contributions
261
306
-
-
total
517
606
-
-
Income
1 900
1 900
1 900
1 900
Total tax
826
832
798
584
After tax
1 074
1 068
1 102
1 316
Living cost
243
243
243
243
Free-cash
831
825
859
1 073

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
$531
$584
$546
$593
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
-
-
-
1 900
national
-
-
-
321
pensions
-
-
-
228
social contributions
-
-
-
20
municipal
-
-
-
207
total
-
-
-
776
Employee
919
-
1 643
-
municipal
113
-
214
-
national
176
-
332
-
pensions
37
-
66
-
total
326
-
612
-
Employer
919
-
1 643
-
pensions
73
-
131
-
social contributions
10
-
18
-
total
83
-
149
-
Corporate
837
1 900
-
-
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%.

167
380
-
-
total
167
380
-
-
Dividends
670
1 520
-
-
withholding
147
334
-
-
total
147
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
723
714
761
776
After tax
1 177
1 186
1 139
1 124
Living cost
593
593
593
593
Free-cash
584
593
546
531

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
$334
$659
$334
$633
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
-
-
-
1 900
social contributions
-
-
-
311
income
-
-
-
558
total
-
-
-
869
Employee
958
-
1 900
-
social contributions
80
-
311
-
income
181
-
558
-
total
261
-
869
-
Employer
958
-
1 900
-
total
-
-
-
-
Corporate
942
1 900
-
-
income
118
238
-
-
total
118
238
-
-
Dividends
825
1 662
-
-
withholding
165
332
-
-
total
165
332
-
-
Income
1 900
1 900
1 900
1 900
Total tax
544
570
869
869
After tax
1 356
1 330
1 031
1 031
Living cost
697
697
697
697
Free-cash
659
633
334
334

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
$406
$432
$319
$497
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
-
-
-
1 900
national
-
-
-
455
regional
-
-
-
22
social contributions
-
-
-
489
municipal
-
-
-
11
total
-
-
-
977
Employee
1 088
-
1 900
-
municipal
6
-
10
-
national
189
-
393
-
social contributions
367
-
641
-
regional
10
-
20
-
total
572
-
1 064
-
Employer
1 088
-
1 900
-
total
-
-
-
-
Corporate
812
1 900
-
-
nationa
195
456
-
-
municipal
32
74
-
-
total
227
530
-
-
Dividends
585
1 370
-
-
withholding
152
356
-
-
total
152
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
951
886
1 064
977
After tax
949
1 014
836
923
Living cost
517
517
517
517
Free-cash
432
497
319
406

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
$586
$641
$500
$669
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
-
-
-
1 900
national
-
-
-
455
regional
-
-
-
29
social contributions
-
-
-
489
municipal
-
-
-
11
total
-
-
-
984
Employee
679
-
1 900
-
municipal
4
-
10
-
national
108
-
393
-
social contributions
229
-
641
-
regional
9
-
26
-
total
350
-
1 070
-
Employer
679
-
1 900
-
total
-
-
-
-
Corporate
1 221
1 900
-
-
nationa
293
456
-
-
municipal
61
94
-
-
total
354
550
-
-
Dividends
867
1 350
-
-
withholding
225
351
-
-
total
225
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
929
901
1 070
984
After tax
971
999
830
916
Living cost
330
330
330
330
Free-cash
641
669
500
586

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