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
$ 2150
per

Your estimated
City
free-cash

Andorra , Andorra
$1580
$1283
$1226
$1540
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
-
-
-
2 150
social contributions
-
-
-
473
income
-
-
-
96
total
-
-
-
569
Employee
379
-
1 861
-
social contributions
25
-
121
-
income
-
-
102
-
total
25
-
223
-
Employer
379
-
1 861
-
social contributions
59
-
289
-
total
59
-
289
-
Corporate
1 712
2 150
-
-
income
171
215
-
-
total
171
215
-
-
Dividends
1 541
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
255
215
512
569
After tax
1 895
1 935
1 638
1 581
Living cost
355
355
355
355
Free-cash
1 540
1 580
1 283
1 226

Estimated living cost  is $355 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Graz , Austria
$813
$193
$730
$808
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
-
-
-
2 150
chamber of commerce
-
-
-
9
unemployment
-
-
-
72
health
-
-
-
105
pensions
-
-
-
255
income
-
-
-
602
surtax
-
-
-
-
total
-
-
-
1 043
Employee
516
470
1 728
-
health
20
18
53
-
pensions
53
48
141
-
other
5
5
14
-
unemployment
15
14
41
-
income
46
35
488
-
total
139
120
737
-
Employer
516
470
1 728
-
pensions
65
59
173
-
accident
7
6
18
-
unemployment
15
14
41
-
surtax
-
-
-
-
payroll
15
14
52
-
chamber of commerce
2
2
7
-
health
20
18
52
-
other
25
22
79
-
total
149
135
422
-
Corporate
1 486
1 544
1 683
-
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.

371
386
421
-
total
371
386
421
-
Dividends
1 114
1 158
-
-
withholding
306
319
-
-
total
306
319
-
-
Income
2 150
2 150
2 150
2 150
Total tax
965
960
1 580
1 043
After tax
1 185
1 190
570
1 107
Living cost
377
377
377
377
Free-cash
808
813
193
730

Estimated living cost  is $377 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Vienna , Austria
$774
$154
$689
$755
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
-
-
-
2 150
chamber of commerce
-
-
-
9
unemployment
-
-
-
72
health
-
-
-
105
pensions
-
-
-
255
income
-
-
-
602
surtax
-
-
-
2
total
-
-
-
1 045
Employee
590
470
1 726
-
health
23
18
53
-
pensions
60
48
141
-
other
6
5
14
-
unemployment
18
14
41
-
income
67
35
487
-
total
174
120
736
-
Employer
590
470
1 726
-
pensions
74
59
173
-
accident
8
6
18
-
unemployment
18
14
41
-
surtax
2
2
2
-
payroll
18
14
52
-
chamber of commerce
2
2
7
-
health
22
18
52
-
other
28
22
79
-
total
172
137
424
-
Corporate
1 388
1 542
1 681
-
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.

347
385
420
-
total
347
385
420
-
Dividends
1 041
1 156
-
-
withholding
286
318
-
-
total
286
318
-
-
Income
2 150
2 150
2 150
2 150
Total tax
979
960
1 580
1 045
After tax
1 171
1 190
570
1 105
Living cost
416
416
416
416
Free-cash
755
774
154
689

Estimated living cost  is $416 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
$772
$323
$503
$595
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
-
-
-
2 150
social contributions
-
-
-
294
communal

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

-
-
-
111
national
-
-
-
812
total
-
-
-
1 217
Employee

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

844
-
1 665
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

40
-
78
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

63
-
125
-
communal

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

44
-
87
-
national
260
-
608
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

7
-
14
-
total
414
-
912
-
Employer

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

844
-
1 665
-
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
-
22
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

12
-
24
-
surtax
96
-
189
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

52
-
102
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

75
-
148
-
total
246
-
485
-
Corporate
1 060
2 150
-
-
surtax
4
9
-
-
income
212
430
-
-
total
216
439
-
-
Dividends
844
1 711
-
-
withholding

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

249
509
-
-
total
249
509
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 125
948
1 397
1 217
After tax
1 025
1 202
753
933
Living cost
430
430
430
430
Free-cash
595
772
323
503

Estimated living cost  is $430 per week

$277
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Sofia , Bulgaria
$1635
$1600
$1514
$1562
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
-
-
-
2 150
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
323
total
-
-
-
433
Employee
269
-
2 069
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
207
-
total
66
-
267
-
Employer
269
-
2 069
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
health
19
-
28
-
pensions

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

30
-
45
-
total
54
-
80
-
Corporate
1 829
2 150
-
-
income
183
215
-
-
total
183
215
-
-
Dividends
1 646
1 935
-
-
withholding
82
97
-
-
total
82
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
385
312
347
433
After tax
1 765
1 838
1 803
1 717
Living cost
203
203
203
203
Free-cash
1 562
1 635
1 600
1 514

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
$1683
$1648
$1562
$1630
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
-
-
-
2 150
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
323
total
-
-
-
433
Employee
205
-
2 069
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
9
-
19
-
pensions

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

18
-
36
-
income
20
-
207
-
total
49
-
267
-
Employer
205
-
2 069
-
accident

We are using the highest rate at 1.1%.

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

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

23
-
45
-
total
40
-
80
-
Corporate
1 905
2 150
-
-
income
190
215
-
-
total
190
215
-
-
Dividends
1 715
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
365
312
347
433
After tax
1 785
1 838
1 803
1 717
Living cost
155
155
155
155
Free-cash
1 630
1 683
1 648
1 562

Estimated living cost  is $155 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
$1296
$1174
$1193
$1231
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
-
-
-
2 150
social contributions
-
-
-
191
health
-
-
-
55
income
-
-
-
438
total
-
-
-
684
Employee
908
908
2 011
-
health
7
15
34
-
social contributions
34
75
102
-
income
99
84
428
-
total
140
174
564
-
Employer
908
908
2 011
-
social contributions
34
75
102
-
health
8
17
37
-
total
42
92
139
-
Corporate
1 695
1 150
-
-
income
212
144
-
-
total
212
144
-
-
Dividends
1 483
1 007
-
-
withholding
252
171
-
-
total
252
171
-
-
Income
2 150
2 150
2 150
2 150
Total tax
646
581
703
684
After tax
1 504
1 569
1 447
1 466
Living cost
273
273
273
273
Free-cash
1 231
1 296
1 174
1 193

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
$1186
$1064
$1083
$1136
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
-
-
-
2 150
social contributions
-
-
-
191
health
-
-
-
55
income
-
-
-
438
total
-
-
-
684
Employee
908
908
2 011
-
health
9
15
34
-
social contributions
44
75
102
-
income
95
84
428
-
total
148
174
564
-
Employer
908
908
2 011
-
social contributions
44
75
102
-
health
10
17
37
-
total
54
92
139
-
Corporate
1 565
1 150
-
-
income
196
144
-
-
total
196
144
-
-
Dividends
1 369
1 007
-
-
withholding
233
171
-
-
total
233
171
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
581
703
684
After tax
1 519
1 569
1 447
1 466
Living cost
383
383
383
383
Free-cash
1 136
1 186
1 064
1 083

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Brno , Czech Republic
$1203
$866
$957
$1102
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
-
-
-
2 150
social contributions
-
-
-
400
health
-
-
-
290
solidarity contribution
-
-
-
6
income
-
-
-
219
total
-
-
-
915
Employee
408
-
1 659
-
health
55
-
224
-
social contributions
27
-
89
-
solidarity contribution
-
-
-
-
income
49
-
202
-
total
131
-
515
-
Employer
408
-
1 659
-
social contributions
102
-
342
-
health
37
-
149
-
total
139
-
491
-
Corporate
1 603
2 150
-
-
income
305
408
-
-
total
305
408
-
-
Dividends
1 298
1 742
-
-
withholding
195
261
-
-
total
195
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
770
669
1 006
915
After tax
1 380
1 481
1 144
1 235
Living cost
278
278
278
278
Free-cash
1 102
1 203
866
957

Estimated living cost  is $278 per week

$193
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Prague , Czech Republic
$1139
$802
$893
$1017
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
-
-
-
2 150
social contributions
-
-
-
400
health
-
-
-
290
solidarity contribution
-
-
-
6
income
-
-
-
219
total
-
-
-
915
Employee
503
-
1 659
-
health
68
-
224
-
social contributions
33
-
89
-
solidarity contribution
-
-
-
-
income
60
-
202
-
total
161
-
515
-
Employer
503
-
1 659
-
social contributions
126
-
342
-
health
45
-
149
-
total
171
-
491
-
Corporate
1 476
2 150
-
-
income
280
408
-
-
total
280
408
-
-
Dividends
1 195
1 742
-
-
withholding
179
261
-
-
total
179
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
791
669
1 006
915
After tax
1 359
1 481
1 144
1 235
Living cost
342
342
342
342
Free-cash
1 017
1 139
802
893

Estimated living cost  is $342 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
-$427
-$427
$694
-$427
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
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
450
pensions
-
-
-
10
national
-
-
-
255
total
-
-
-
886
Employee
2 406
2 406
2 406
-
municipal
512
512
512
-
pensions
3
3
3
-
national
294
294
294
-
labour market
192
192
192
-
total
1 001
1 001
1 001
-
Employer
2 406
2 406
2 406
-
labour market
192
192
192
-
national
294
294
294
-
municipal
513
513
513
-
pensions
7
7
7
-
total
1 006
1 006
1 006
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
2 007
2 007
2 007
886
After tax
143
143
143
1 264
Living cost
570
570
570
570
Free-cash
-427
-427
-427
694

Estimated living cost  is $570 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
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
$1435
$954
$867
$1361
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
-
-
-
2 150
health
-
-
-
280
pensions
-
-
-
430
income
-
-
-
288
total
-
-
-
998
Employee
335
-
1 607
-
pensions
7
-
32
-
unemployment
5
-
26
-
income
38
-
310
-
total
50
-
368
-
Employer
335
-
1 607
-
pensions
67
-
321
-
unemployment
3
-
13
-
health
44
-
209
-
total
114
-
543
-
Corporate
1 702
2 150
-
-
income
340
430
-
-
total
340
430
-
-
Dividends
1 362
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
504
430
911
998
After tax
1 646
1 720
1 239
1 152
Living cost
285
285
285
285
Free-cash
1 361
1 435
954
867

Estimated living cost  is $285 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
$890
$669
$924
$921
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

-
-
-
2 150
health
-
-
-
28
municipal
-
-
-
382
national
-
-
-
363
total
-
-
-
773
Employee
621
-
1 809
-
health
5
-
23
-
municipal
102
-
295
-
pensions
42
-
122
-
national
10
-
219
-
unemployment
9
-
27
-
total
168
-
686
-
Employer
621
-
1 809
-
accident
1
-
2
-
unemployment
4
-
12
-
health
5
-
14
-
pensions
108
-
314
-
total
118
-
342
-
Corporate
1 412
2 150
-
-
income
282
430
-
-
total
282
430
-
-
Dividends

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

847
1 290
-
-
municipal
152
232
-
-
national
56
145
-
-
total
208
377
-
-
Income
2 150
2 150
2 150
2 150
Total tax
776
807
1 028
773
After tax
1 374
1 343
1 122
1 377
Living cost
453
453
453
453
Free-cash
921
890
669
924

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Marseille , France
$720
$810
$846
$785
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
93
pensions
-
-
-
377
other
-
-
-
67
income
-
-
-
342
surtax
-
-
-
-
total
-
-
-
940
Employee
451
-
1 662
-
income
23
-
325
-
social contributions
13
-
47
-
pensions
51
-
116
-
surtax
-
-
-
-
total
87
-
488
-
Employer
451
-
1 662
-
pensions
74
-
196
-
social contributions
1
-
5
-
unemployment
18
-
67
-
health
32
-
155
-
other
16
-
65
-
total
141
-
488
-
Corporate
1 558
2 150
-
-
surtax
-
-
-
-
income
436
602
-
-
total
436
602
-
-
Dividends
1 122
1 548
-
-
surtax
-
-
-
-
withholding
144
198
-
-
social contributions
193
266
-
-
total
337
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 001
1 066
976
940
After tax
1 149
1 084
1 174
1 210
Living cost
364
364
364
364
Free-cash
785
720
810
846

Estimated living cost  is $364 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Nice , France
$680
$770
$806
$751
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
93
pensions
-
-
-
377
other
-
-
-
67
income
-
-
-
342
surtax
-
-
-
-
total
-
-
-
940
Employee
505
-
1 662
-
income
30
-
325
-
social contributions
14
-
47
-
pensions
57
-
116
-
surtax
-
-
-
-
total
101
-
488
-
Employer
505
-
1 662
-
pensions
83
-
196
-
social contributions
2
-
5
-
unemployment
20
-
67
-
health
35
-
155
-
other
17
-
65
-
total
157
-
488
-
Corporate
1 487
2 150
-
-
surtax
-
-
-
-
income
416
602
-
-
total
416
602
-
-
Dividends
1 071
1 548
-
-
surtax
-
-
-
-
withholding
137
198
-
-
social contributions
184
266
-
-
total
321
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
995
1 066
976
940
After tax
1 155
1 084
1 174
1 210
Living cost
404
404
404
404
Free-cash
751
680
770
806

Estimated living cost  is $404 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Paris , France
$514
$604
$640
$595
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
-
-
-
2 150
social contributions
-
-
-
61
health
-
-
-
93
pensions
-
-
-
377
other
-
-
-
67
income
-
-
-
342
surtax
-
-
-
-
total
-
-
-
940
Employee
739
-
1 662
-
income
64
-
325
-
social contributions
21
-
47
-
pensions
84
-
116
-
surtax
-
-
-
-
total
169
-
488
-
Employer
739
-
1 662
-
pensions
121
-
196
-
social contributions
2
-
5
-
unemployment
30
-
67
-
health
52
-
155
-
other
26
-
65
-
total
231
-
488
-
Corporate
1 180
2 150
-
-
surtax
-
-
-
-
income
330
602
-
-
total
330
602
-
-
Dividends
850
1 548
-
-
surtax
-
-
-
-
withholding
109
198
-
-
social contributions
146
266
-
-
total
255
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
985
1 066
976
940
After tax
1 165
1 084
1 174
1 210
Living cost
570
570
570
570
Free-cash
595
514
604
640

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
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.
$130
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
$1959
$1637
$2045
$1944
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
104
-
2 150
-
income
21
-
430
-
total
21
-
430
-
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%.

2 046
2 150
-
-
total
-
-
-
-
Dividends
2 046
2 150
-
-
withholding
102
108
-
-
total
102
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
123
108
430
22
After tax
2 027
2 042
1 720
2 128
Living cost
83
83
83
83
Free-cash
1 944
1 959
1 637
2 045

Estimated living cost  is $83 per week

$52
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Tbilisi , Georgia
$1912
$1590
$1998
$1889
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
162
-
2 150
-
income
32
-
430
-
total
32
-
430
-
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%.

1 988
2 150
-
-
total
-
-
-
-
Dividends
1 988
2 150
-
-
withholding
99
108
-
-
total
99
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
131
108
430
22
After tax
2 019
2 042
1 720
2 128
Living cost
130
130
130
130
Free-cash
1 889
1 912
1 590
1 998

Estimated living cost  is $130 per week

$88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Berlin , Germany
$649
$904
$674
$805
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.

-
-
-
2 150
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.

-
-
-
81
trade
-
-
-
230
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.

-
-
-
672
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.

-
-
-
37
total
-
-
-
1 020
Employee

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

587
-
2 150
-
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.

81
-
81
-
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
-
37
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

48
-
672
-
total
132
-
790
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 563
2 150
-
-
trade
224
309
-
-
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
-
-
chamber of commerce
4
5
-
-
income
234
323
-
-
total
475
655
-
-
Dividends
1 087
1 496
-
-
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.

15
20
-
-
withholding
267
370
-
-
total
282
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
889
1 045
790
1 020
After tax
1 261
1 105
1 360
1 130
Living cost
456
456
456
456
Free-cash
805
649
904
674

Estimated living cost  is $456 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$725
$1003
$751
$856
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.

-
-
-
2 150
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.

-
-
-
81
trade
-
-
-
252
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.

-
-
-
672
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.

-
-
-
37
total
-
-
-
1 042
Employee

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

451
-
2 150
-
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.

81
-
81
-
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
-
37
-
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
-
672
-
total
95
-
790
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 699
2 150
-
-
trade
268
339
-
-
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.

14
18
-
-
chamber of commerce
4
5
-
-
income
255
323
-
-
total
541
685
-
-
Dividends
1 158
1 466
-
-
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.

16
20
-
-
withholding
285
362
-
-
total
301
382
-
-
Income
2 150
2 150
2 150
2 150
Total tax
937
1 067
790
1 042
After tax
1 213
1 083
1 360
1 108
Living cost
358
358
358
358
Free-cash
856
725
1 003
751

Estimated living cost  is $358 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Hamburg , Germany
$608
$896
$633
$775
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.

-
-
-
2 150
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.

-
-
-
81
trade
-
-
-
263
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.

-
-
-
672
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.

-
-
-
37
total
-
-
-
1 053
Employee

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

599
-
2 150
-
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.

81
-
81
-
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
-
37
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

51
-
672
-
total
135
-
790
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 551
2 150
-
-
trade
255
354
-
-
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
-
-
chamber of commerce
4
5
-
-
income
233
323
-
-
total
505
700
-
-
Dividends
1 047
1 451
-
-
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.

14
20
-
-
withholding
257
358
-
-
total
271
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
911
1 078
790
1 053
After tax
1 239
1 072
1 360
1 097
Living cost
464
464
464
464
Free-cash
775
608
896
633

Estimated living cost  is $464 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
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
$519
$819
$544
$712
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.

-
-
-
2 150
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.

-
-
-
81
trade
-
-
-
275
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.

-
-
-
672
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.

-
-
-
37
total
-
-
-
1 065
Employee

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

709
-
2 150
-
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.

81
-
81
-
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
-
37
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

83
-
672
-
total
169
-
790
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 441
2 150
-
-
trade
247
369
-
-
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
-
-
chamber of commerce
4
5
-
-
income
216
323
-
-
total
479
715
-
-
Dividends
962
1 436
-
-
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
20
-
-
withholding
236
355
-
-
total
249
375
-
-
Income
2 150
2 150
2 150
2 150
Total tax
897
1 090
790
1 065
After tax
1 253
1 060
1 360
1 085
Living cost
541
541
541
541
Free-cash
712
519
819
544

Estimated living cost  is $541 per week

$395
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$1087
$679
$751
$1049
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
-
-
-
2 150
unemployment
-
-
-
3
health
-
-
-
112
pensions
-
-
-
315
other
-
-
-
-
income
-
-
-
608
surtax
-
-
-
96
total
-
-
-
1 134
Employee
397
-
1 818
-
health
10
-
40
-
pensions
27
-
105
-
surtax
1
-
81
-
other
-
-
-
-
unemployment
28
-
110
-
income
67
-
538
-
total
133
-
874
-
Employer
397
-
1 818
-
pensions
53
-
210
-
unemployment
13
-
50
-
health
18
-
72
-
other
-
-
-
-
total
84
-
332
-
Corporate
1 669
2 150
-
-
income
434
559
-
-
total
434
559
-
-
Dividends
1 235
1 591
-
-
withholding
185
239
-
-
total
185
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
836
798
1 206
1 134
After tax
1 314
1 352
944
1 016
Living cost
265
265
265
265
Free-cash
1 049
1 087
679
751

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Thessaloniki , Greece
$1092
$684
$756
$1057
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
-
-
-
2 150
unemployment
-
-
-
3
health
-
-
-
112
pensions
-
-
-
315
other
-
-
-
-
income
-
-
-
608
surtax
-
-
-
96
total
-
-
-
1 134
Employee
390
-
1 818
-
health
10
-
40
-
pensions
26
-
105
-
surtax
1
-
81
-
other
-
-
-
-
unemployment
27
-
110
-
income
65
-
538
-
total
129
-
874
-
Employer
390
-
1 818
-
pensions
52
-
210
-
unemployment
12
-
50
-
health
18
-
72
-
other
-
-
-
-
total
82
-
332
-
Corporate
1 678
2 150
-
-
income
436
559
-
-
total
436
559
-
-
Dividends
1 241
1 591
-
-
withholding
186
239
-
-
total
186
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
833
798
1 206
1 134
After tax
1 317
1 352
944
1 016
Living cost
260
260
260
260
Free-cash
1 057
1 092
684
756

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Budapest , Hungary
$977
$1014
$1257
$982
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
-
-
-
2 150
unemployment
-
-
-
32
health
-
-
-
151
pensions
-
-
-
215
income
-
-
-
263
total
-
-
-
661
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

334
133
1 799
-
health
23
9
126
-
pensions
33
13
180
-
unemployment
5
2
27
-
income
41
16
220
-
total
102
40
553
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

334
133
1 799
-
pensions
65
26
351
-
total
65
26
351
-
Corporate
1 751
1 991
-
-
income
158
179
-
-
total
158
179
-
-
Dividends
1 593
1 812
-
-
withholding
303
344
-
-
social contributions
309
352
-
-
total
612
696
-
-
Income
2 150
2 150
2 150
2 150
Total tax
937
941
904
661
After tax
1 213
1 209
1 246
1 489
Living cost
232
232
232
232
Free-cash
982
977
1 014
1 257

Estimated living cost  is $232 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
$746
$677
$665
$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
-
-
-
2 150
social contributions
-
-
-
23
municipal
-
-
-
236
pensions
-
-
-
258
national
-
-
-
372
total
-
-
-
889
Employee
924
-
1 859
-
municipal
114
-
244
-
pensions
37
-
74
-
national
177
-
390
-
total
328
-
708
-
Employer
924
-
1 859
-
social contributions
10
-
20
-
pensions
74
-
149
-
total
84
-
169
-
Corporate
1 082
2 150
-
-
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%.

216
430
-
-
total
216
430
-
-
Dividends
865
1 720
-
-
withholding
190
378
-
-
total
190
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
818
808
877
889
After tax
1 332
1 342
1 273
1 261
Living cost
596
596
596
596
Free-cash
736
746
677
665

Estimated living cost  is $596 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$127
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
$833
$453
$453
$859
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
-
-
-
2 150
social contributions
-
-
-
360
income
-
-
-
665
total
-
-
-
1 025
Employee
923
-
2 150
-
social contributions
77
-
360
-
income
174
-
665
-
total
251
-
1 025
-
Employer
923
-
2 150
-
total
-
-
-
-
Corporate
1 227
2 150
-
-
income
153
269
-
-
total
153
269
-
-
Dividends
1 073
1 881
-
-
withholding
215
376
-
-
total
215
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
619
645
1 025
1 025
After tax
1 531
1 505
1 125
1 125
Living cost
672
672
672
672
Free-cash
859
833
453
453

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$649
$429
$526
$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
-
-
-
2 150
regional
-
-
-
25
social contributions
-
-
-
553
municipal
-
-
-
13
national
-
-
-
535
total
-
-
-
1 126
Employee
1 049
-
2 150
-
regional
10
-
22
-
municipal
6
-
11
-
social contributions
354
-
725
-
national
182
-
465
-
total
552
-
1 223
-
Employer
1 049
-
2 150
-
total
-
-
-
-
Corporate
1 101
2 150
-
-
nationa
264
516
-
-
municipal
43
84
-
-
total
307
600
-
-
Dividends
794
1 550
-
-
withholding
206
403
-
-
total
206
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 065
1 003
1 223
1 126
After tax
1 085
1 147
927
1 024
Living cost
498
498
498
498
Free-cash
587
649
429
526

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
$812
$602
$699
$786
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
-
-
-
2 150
regional
-
-
-
32
social contributions
-
-
-
553
municipal
-
-
-
13
national
-
-
-
535
total
-
-
-
1 133
Employee
655
-
2 150
-
regional
9
-
29
-
municipal
3
-
11
-
social contributions
221
-
725
-
national
104
-
465
-
total
337
-
1 230
-
Employer
655
-
2 150
-
total
-
-
-
-
Corporate
1 495
2 150
-
-
nationa
359
516
-
-
municipal
74
107
-
-
total
433
623
-
-
Dividends
1 062
1 527
-
-
withholding
276
397
-
-
total
276
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 046
1 020
1 230
1 133
After tax
1 104
1 130
920
1 017
Living cost
318
318
318
318
Free-cash
786
812
602
699

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
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