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
$1216
$1525
$1272
$1567
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
-
-
-
93
total
-
-
-
566
Employee
394
-
1 861
-
social contributions
26
-
121
-
income
-
-
100
-
total
26
-
221
-
Employer
394
-
1 861
-
social contributions
61
-
289
-
total
61
-
289
-
Corporate
1 695
2 150
-
-
income
170
215
-
-
total
170
215
-
-
Dividends
1 526
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
257
215
510
566
After tax
1 893
1 935
1 640
1 584
Living cost
368
368
368
368
Free-cash
1 525
1 567
1 272
1 216

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
$715
$795
$180
$800
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
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
9
pensions
-
-
-
265
income
-
-
-
586
total
-
-
-
1 044
Employee
535
488
1 717
-
unemployment
16
15
43
-
other
5
5
14
-
income
48
36
470
-
pensions
55
50
146
-
health
21
19
55
-
total
145
125
728
-
Employer
535
488
1 717
-
pensions
67
61
179
-
surtax
-
-
-
-
payroll
16
15
52
-
other
25
23
79
-
health
20
18
54
-
accident
7
6
19
-
unemployment
16
15
43
-
chamber of commerce
2
2
7
-
total
153
140
433
-
Corporate
1 461
1 522
1 671
-
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.

365
380
418
-
total
365
380
418
-
Dividends
1 096
1 141
-
-
withholding
301
314
-
-
total
301
314
-
-
Income
2 150
2 150
2 150
2 150
Total tax
964
959
1 579
1 044
After tax
1 186
1 191
571
1 106
Living cost
391
391
391
391
Free-cash
795
800
180
715

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
$673
$741
$141
$759
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
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
109
chamber of commerce
-
-
-
9
pensions
-
-
-
265
income
-
-
-
586
total
-
-
-
1 046
Employee
612
488
1 715
-
unemployment
18
15
43
-
other
6
5
14
-
income
70
36
469
-
pensions
63
50
146
-
health
24
19
55
-
total
181
125
727
-
Employer
612
488
1 715
-
pensions
77
61
179
-
surtax
2
2
2
-
payroll
18
15
51
-
other
29
23
79
-
health
23
18
54
-
accident
8
6
19
-
unemployment
18
15
43
-
chamber of commerce
2
2
7
-
total
177
142
434
-
Corporate
1 360
1 519
1 669
-
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.

340
380
417
-
total
340
380
417
-
Dividends
1 020
1 140
-
-
withholding
280
313
-
-
total
280
313
-
-
Income
2 150
2 150
2 150
2 150
Total tax
978
960
1 578
1 046
After tax
1 172
1 190
572
1 104
Living cost
431
431
431
431
Free-cash
741
759
141
673

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
$486
$572
$312
$756
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
national
-
-
-
802
communal

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

-
-
-
111
social contributions
-
-
-
305
total
-
-
-
1 218
Employee

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

876
-
1 665
-
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
-
14
-
national
269
-
603
-
communal

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

46
-
87
-
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
-
125
-
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
-
78
-
total
430
-
907
-
Employer

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

876
-
1 665
-
surtax
99
-
189
-
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
-
148
-
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
-
102
-
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.

13
-
24
-
total
255
-
485
-
Corporate
1 020
2 150
-
-
income
204
430
-
-
surtax
4
9
-
-
total
208
439
-
-
Dividends
812
1 711
-
-
withholding

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

239
509
-
-
total
239
509
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 132
948
1 392
1 218
After tax
1 018
1 202
758
932
Living cost
446
446
446
446
Free-cash
572
756
312
486

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
$1503
$1553
$1586
$1628
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
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
323
total
-
-
-
437
Employee
279
-
2 066
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
207
-
pensions

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

24
-
38
-
health
13
-
20
-
total
68
-
270
-
Employer
279
-
2 066
-
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
1 817
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 635
1 935
-
-
withholding
82
97
-
-
total
82
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
387
312
354
437
After tax
1 763
1 838
1 796
1 713
Living cost
210
210
210
210
Free-cash
1 553
1 628
1 586
1 503

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
$1553
$1622
$1636
$1678
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
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
323
total
-
-
-
437
Employee
212
-
2 066
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
207
-
pensions

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

19
-
38
-
health
10
-
20
-
total
52
-
270
-
Employer
212
-
2 066
-
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
1 896
2 150
-
-
income
190
215
-
-
total
190
215
-
-
Dividends
1 706
1 935
-
-
withholding
85
97
-
-
total
85
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
368
312
354
437
After tax
1 782
1 838
1 796
1 713
Living cost
160
160
160
160
Free-cash
1 622
1 678
1 636
1 553

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
$1187
$1218
$1169
$1286
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
-
-
-
55
social contributions
-
-
-
198
income
-
-
-
427
total
-
-
-
680
Employee
941
941
2 007
-
income
102
87
417
-
social contributions
36
78
105
-
health
7
16
34
-
total
145
181
556
-
Employer
941
941
2 007
-
social contributions
36
78
105
-
health
8
17
37
-
total
44
95
142
-
Corporate
1 678
1 113
-
-
income
210
139
-
-
total
210
139
-
-
Dividends
1 468
974
-
-
withholding
250
166
-
-
total
250
166
-
-
Income
2 150
2 150
2 150
2 150
Total tax
649
581
698
680
After tax
1 501
1 569
1 452
1 470
Living cost
283
283
283
283
Free-cash
1 218
1 286
1 169
1 187

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
$1073
$1120
$1055
$1172
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
-
-
-
55
social contributions
-
-
-
198
income
-
-
-
427
total
-
-
-
680
Employee
941
941
2 007
-
income
99
87
417
-
social contributions
46
78
105
-
health
9
16
34
-
total
154
181
556
-
Employer
941
941
2 007
-
social contributions
46
78
105
-
health
10
17
37
-
total
56
95
142
-
Corporate
1 543
1 113
-
-
income
193
139
-
-
total
193
139
-
-
Dividends
1 350
974
-
-
withholding
230
166
-
-
total
230
166
-
-
Income
2 150
2 150
2 150
2 150
Total tax
633
581
698
680
After tax
1 517
1 569
1 452
1 470
Living cost
397
397
397
397
Free-cash
1 120
1 172
1 055
1 073

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
$948
$1096
$855
$1197
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
-
-
-
290
social contributions
-
-
-
407
income
-
-
-
218
solidarity contribution
-
-
-
4
total
-
-
-
919
Employee
416
-
1 653
-
income
50
-
201
-
social contributions
27
-
91
-
health
56
-
223
-
solidarity contribution
-
-
-
-
total
133
-
515
-
Employer
416
-
1 653
-
social contributions
104
-
348
-
health
37
-
149
-
total
141
-
497
-
Corporate
1 593
2 150
-
-
income
303
409
-
-
total
303
409
-
-
Dividends
1 290
1 741
-
-
withholding
194
261
-
-
total
194
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
771
670
1 012
919
After tax
1 379
1 480
1 138
1 231
Living cost
283
283
283
283
Free-cash
1 096
1 197
855
948

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
$883
$1009
$790
$1132
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
-
-
-
290
social contributions
-
-
-
407
income
-
-
-
218
solidarity contribution
-
-
-
4
total
-
-
-
919
Employee
512
-
1 653
-
income
61
-
201
-
social contributions
33
-
91
-
health
69
-
223
-
solidarity contribution
-
-
-
-
total
163
-
515
-
Employer
512
-
1 653
-
social contributions
128
-
348
-
health
46
-
149
-
total
174
-
497
-
Corporate
1 464
2 150
-
-
income
278
409
-
-
total
278
409
-
-
Dividends
1 186
1 741
-
-
withholding
178
261
-
-
total
178
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
793
670
1 012
919
After tax
1 357
1 480
1 138
1 231
Living cost
348
348
348
348
Free-cash
1 009
1 132
790
883

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
$678
-$524
-$524
-$524
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
national
-
-
-
252
pensions
-
-
-
11
municipal
-
-
-
447
labour market
-
-
-
171
total
-
-
-
881
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
2 150
2 150
2 150
2 150
Total tax
2 083
2 083
2 083
881
After tax
67
67
67
1 269
Living cost
591
591
591
591
Free-cash
-524
-524
-524
678

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
$856
$1348
$943
$1424
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
347
-
1 607
-
unemployment
6
-
26
-
income
39
-
310
-
pensions
7
-
32
-
total
52
-
368
-
Employer
347
-
1 607
-
pensions
69
-
321
-
health
45
-
209
-
unemployment
3
-
13
-
total
117
-
543
-
Corporate
1 685
2 150
-
-
income
337
430
-
-
total
337
430
-
-
Dividends
1 348
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
506
430
911
998
After tax
1 644
1 720
1 239
1 152
Living cost
296
296
296
296
Free-cash
1 348
1 424
943
856

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
$918
$907
$657
$878
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
national
-
-
-
352
health
-
-
-
28
municipal
-
-
-
382
total
-
-
-
762
Employee
644
-
1 809
-
unemployment
10
-
27
-
municipal
105
-
295
-
national
11
-
214
-
pensions
43
-
122
-
health
5
-
23
-
total
174
-
681
-
Employer
644
-
1 809
-
pensions
112
-
314
-
health
5
-
14
-
accident
1
-
2
-
unemployment
4
-
12
-
total
122
-
342
-
Corporate
1 384
2 150
-
-
income
277
430
-
-
total
277
430
-
-
Dividends

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

831
1 290
-
-
municipal
150
232
-
-
national
50
140
-
-
total
200
372
-
-
Income
2 150
2 150
2 150
2 150
Total tax
773
802
1 023
762
After tax
1 377
1 348
1 127
1 388
Living cost
470
470
470
470
Free-cash
907
878
657
918

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
$834
$775
$805
$707
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
surtax
-
-
-
-
health
-
-
-
91
pensions
-
-
-
384
social contributions
-
-
-
61
income
-
-
-
336
other
-
-
-
67
total
-
-
-
939
Employee
468
-
1 666
-
income
24
-
322
-
surtax
-
-
-
-
social contributions
13
-
47
-
pensions
53
-
115
-
total
90
-
484
-
Employer
468
-
1 666
-
pensions
77
-
194
-
social contributions
1
-
5
-
other
16
-
65
-
health
33
-
153
-
unemployment
19
-
67
-
total
146
-
484
-
Corporate
1 536
2 150
-
-
income
430
602
-
-
surtax
-
-
-
-
total
430
602
-
-
Dividends
1 106
1 548
-
-
withholding
142
198
-
-
social contributions
190
266
-
-
surtax
-
-
-
-
total
332
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
998
1 066
968
939
After tax
1 152
1 084
1 182
1 211
Living cost
377
377
377
377
Free-cash
775
707
805
834

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
$792
$737
$763
$665
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
surtax
-
-
-
-
health
-
-
-
91
pensions
-
-
-
384
social contributions
-
-
-
61
income
-
-
-
336
other
-
-
-
67
total
-
-
-
939
Employee
524
-
1 666
-
income
31
-
322
-
surtax
-
-
-
-
social contributions
15
-
47
-
pensions
59
-
115
-
total
105
-
484
-
Employer
524
-
1 666
-
pensions
86
-
194
-
social contributions
2
-
5
-
other
18
-
65
-
health
37
-
153
-
unemployment
21
-
67
-
total
164
-
484
-
Corporate
1 462
2 150
-
-
income
409
602
-
-
surtax
-
-
-
-
total
409
602
-
-
Dividends
1 053
1 548
-
-
withholding
135
198
-
-
social contributions
181
266
-
-
surtax
-
-
-
-
total
316
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
994
1 066
968
939
After tax
1 156
1 084
1 182
1 211
Living cost
419
419
419
419
Free-cash
737
665
763
792

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
$620
$577
$591
$493
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
surtax
-
-
-
-
health
-
-
-
91
pensions
-
-
-
384
social contributions
-
-
-
61
income
-
-
-
336
other
-
-
-
67
total
-
-
-
939
Employee
767
-
1 666
-
income
67
-
322
-
surtax
-
-
-
-
social contributions
22
-
47
-
pensions
87
-
115
-
total
176
-
484
-
Employer
767
-
1 666
-
pensions
126
-
194
-
social contributions
2
-
5
-
other
26
-
65
-
health
54
-
153
-
unemployment
31
-
67
-
total
239
-
484
-
Corporate
1 144
2 150
-
-
income
320
602
-
-
surtax
-
-
-
-
total
320
602
-
-
Dividends
824
1 548
-
-
withholding
105
198
-
-
social contributions
142
266
-
-
surtax
-
-
-
-
total
247
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
982
1 066
968
939
After tax
1 168
1 084
1 182
1 211
Living cost
591
591
591
591
Free-cash
577
493
591
620

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
$2049
$1948
$1641
$1963
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
99
-
2 150
-
income
20
-
430
-
total
20
-
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%.

2 051
2 150
-
-
total
-
-
-
-
Dividends
2 051
2 150
-
-
withholding
103
108
-
-
total
103
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
79
79
79
79
Free-cash
1 948
1 963
1 641
2 049

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
$2005
$1896
$1597
$1919
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
154
-
2 150
-
income
31
-
430
-
total
31
-
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%.

1 996
2 150
-
-
total
-
-
-
-
Dividends
1 996
2 150
-
-
withholding
100
108
-
-
total
100
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
123
123
123
123
Free-cash
1 896
1 919
1 597
2 005

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
$665
$794
$892
$634
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
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
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.

-
-
-
664
trade
-
-
-
227
total
-
-
-
1 012
Employee

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

609
-
2 150
-
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
-
664
-
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
-
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
-
785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 541
2 150
-
-
trade
221
309
-
-
income
231
322
-
-
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.

13
18
-
-
total
469
654
-
-
Dividends
1 072
1 496
-
-
withholding
263
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.

14
20
-
-
total
277
389
-
-
Income
2 150
2 150
2 150
2 150
Total tax
883
1 043
785
1 012
After tax
1 267
1 107
1 365
1 138
Living cost
473
473
473
473
Free-cash
794
634
892
665

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
$745
$848
$994
$713
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
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
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.

-
-
-
664
trade
-
-
-
249
total
-
-
-
1 034
Employee

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

468
-
2 150
-
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
-
664
-
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
-
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
-
785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 682
2 150
-
-
trade
265
339
-
-
income
252
322
-
-
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.

14
18
-
-
total
535
684
-
-
Dividends
1 146
1 466
-
-
withholding
282
362
-
-
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
-
-
total
298
382
-
-
Income
2 150
2 150
2 150
2 150
Total tax
931
1 066
785
1 034
After tax
1 219
1 084
1 365
1 116
Living cost
371
371
371
371
Free-cash
848
713
994
745

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
$624
$764
$884
$592
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
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
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.

-
-
-
664
trade
-
-
-
260
total
-
-
-
1 045
Employee

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

621
-
2 150
-
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
-
664
-
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
-
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
-
785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 529
2 150
-
-
trade
252
354
-
-
income
229
322
-
-
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.

13
18
-
-
total
498
699
-
-
Dividends
1 032
1 451
-
-
withholding
253
358
-
-
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
-
-
total
267
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
905
1 077
785
1 045
After tax
1 245
1 073
1 365
1 105
Living cost
481
481
481
481
Free-cash
764
592
884
624

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
$533
$698
$804
$502
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
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
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.

-
-
-
664
trade
-
-
-
271
total
-
-
-
1 056
Employee

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

736
-
2 150
-
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
-
664
-
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
-
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
-
785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 414
2 150
-
-
trade
243
369
-
-
income
212
322
-
-
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
18
-
-
total
471
714
-
-
Dividends
944
1 436
-
-
withholding
231
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
19
-
-
total
244
373
-
-
Income
2 150
2 150
2 150
2 150
Total tax
891
1 087
785
1 056
After tax
1 259
1 063
1 365
1 094
Living cost
561
561
561
561
Free-cash
698
502
804
533

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
$742
$1038
$667
$1077
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
surtax
-
-
-
92
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
595
other
-
-
-
-
total
-
-
-
1 133
Employee
412
-
1 806
-
unemployment
29
-
114
-
other
-
-
-
-
income
69
-
522
-
surtax
1
-
77
-
pensions
28
-
109
-
health
11
-
42
-
total
138
-
864
-
Employer
412
-
1 806
-
pensions
55
-
218
-
other
-
-
-
-
health
19
-
74
-
unemployment
13
-
52
-
total
87
-
344
-
Corporate
1 651
2 150
-
-
income
429
559
-
-
total
429
559
-
-
Dividends
1 222
1 591
-
-
withholding
183
239
-
-
total
183
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
837
798
1 208
1 133
After tax
1 313
1 352
942
1 017
Living cost
275
275
275
275
Free-cash
1 038
1 077
667
742

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
$747
$1045
$672
$1082
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
surtax
-
-
-
92
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
595
other
-
-
-
-
total
-
-
-
1 133
Employee
405
-
1 806
-
unemployment
28
-
114
-
other
-
-
-
-
income
68
-
522
-
surtax
1
-
77
-
pensions
27
-
109
-
health
10
-
42
-
total
134
-
864
-
Employer
405
-
1 806
-
pensions
54
-
218
-
other
-
-
-
-
health
18
-
74
-
unemployment
13
-
52
-
total
85
-
344
-
Corporate
1 660
2 150
-
-
income
432
559
-
-
total
432
559
-
-
Dividends
1 228
1 591
-
-
withholding
184
239
-
-
total
184
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
798
1 208
1 133
After tax
1 315
1 352
942
1 017
Living cost
270
270
270
270
Free-cash
1 045
1 082
672
747

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
$1246
$970
$1003
$966
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.

351
140
1 799
-
unemployment
5
2
27
-
income
43
17
220
-
pensions
35
14
180
-
health
25
10
126
-
total
108
43
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.

351
140
1 799
-
pensions
68
27
351
-
total
68
27
351
-
Corporate
1 731
1 983
-
-
income
156
178
-
-
total
156
178
-
-
Dividends
1 575
1 805
-
-
withholding
299
343
-
-
social contributions
306
350
-
-
total
605
693
-
-
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
243
243
243
243
Free-cash
970
966
1 003
1 246

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
$667
$740
$679
$749
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
national
-
-
-
373
pensions
-
-
-
258
social contributions
-
-
-
23
municipal
-
-
-
236
total
-
-
-
890
Employee
919
-
1 859
-
municipal
113
-
244
-
national
176
-
391
-
pensions
37
-
74
-
total
326
-
709
-
Employer
919
-
1 859
-
pensions
73
-
149
-
social contributions
10
-
20
-
total
83
-
169
-
Corporate
1 087
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%.

217
430
-
-
total
217
430
-
-
Dividends
870
1 720
-
-
withholding
191
378
-
-
total
191
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
817
808
878
890
After tax
1 333
1 342
1 272
1 260
Living cost
593
593
593
593
Free-cash
740
749
679
667

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
$436
$834
$436
$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
social contributions
-
-
-
359
income
-
-
-
658
total
-
-
-
1 017
Employee
958
-
2 150
-
social contributions
80
-
359
-
income
181
-
658
-
total
261
-
1 017
-
Employer
958
-
2 150
-
total
-
-
-
-
Corporate
1 192
2 150
-
-
income
149
269
-
-
total
149
269
-
-
Dividends
1 043
1 881
-
-
withholding
209
376
-
-
total
209
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
619
645
1 017
1 017
After tax
1 531
1 505
1 133
1 133
Living cost
697
697
697
697
Free-cash
834
808
436
436

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
$511
$566
$415
$630
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
national
-
-
-
531
regional
-
-
-
25
social contributions
-
-
-
553
municipal
-
-
-
13
total
-
-
-
1 122
Employee
1 088
-
2 150
-
municipal
6
-
11
-
national
189
-
460
-
social contributions
367
-
725
-
regional
10
-
22
-
total
572
-
1 218
-
Employer
1 088
-
2 150
-
total
-
-
-
-
Corporate
1 062
2 150
-
-
nationa
255
516
-
-
municipal
41
84
-
-
total
296
600
-
-
Dividends
766
1 550
-
-
withholding
199
403
-
-
total
199
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 067
1 003
1 218
1 122
After tax
1 083
1 147
932
1 028
Living cost
517
517
517
517
Free-cash
566
630
415
511

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
$691
$772
$595
$800
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
national
-
-
-
531
regional
-
-
-
32
social contributions
-
-
-
553
municipal
-
-
-
13
total
-
-
-
1 129
Employee
679
-
2 150
-
municipal
4
-
11
-
national
108
-
460
-
social contributions
229
-
725
-
regional
9
-
29
-
total
350
-
1 225
-
Employer
679
-
2 150
-
total
-
-
-
-
Corporate
1 471
2 150
-
-
nationa
353
516
-
-
municipal
73
107
-
-
total
426
623
-
-
Dividends
1 045
1 527
-
-
withholding
272
397
-
-
total
272
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 048
1 020
1 225
1 129
After tax
1 102
1 130
925
1 021
Living cost
330
330
330
330
Free-cash
772
800
595
691

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