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
$ 2250
per

Your estimated
City
free-cash

Andorra , Andorra
$1285
$1615
$1344
$1656
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
-
-
-
2 250
social contributions
-
-
-
495
income
-
-
-
101
total
-
-
-
596
Employee
394
-
1 948
-
social contributions
26
-
127
-
income
-
-
108
-
total
26
-
235
-
Employer
394
-
1 948
-
social contributions
61
-
302
-
total
61
-
302
-
Corporate
1 794
2 250
-
-
income
179
225
-
-
total
179
225
-
-
Dividends
1 615
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
266
225
537
596
After tax
1 984
2 025
1 713
1 654
Living cost
369
369
369
369
Free-cash
1 615
1 656
1 344
1 285

Estimated living cost  is $369 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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Graz , Austria
$767
$849
$205
$855
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
-
-
-
2 250
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
110
chamber of commerce
-
-
-
9
pensions
-
-
-
265
income
-
-
-
633
total
-
-
-
1 092
Employee
536
489
1 810
-
unemployment
16
15
43
-
other
5
5
14
-
income
48
36
514
-
pensions
55
50
147
-
health
21
19
55
-
total
145
125
773
-
Employer
536
489
1 810
-
pensions
67
61
180
-
surtax
-
-
-
-
payroll
16
15
54
-
other
25
23
83
-
health
20
18
54
-
accident
7
6
19
-
unemployment
16
15
43
-
chamber of commerce
2
2
7
-
total
153
140
440
-
Corporate
1 559
1 620
1 763
-
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.

390
405
441
-
total
390
405
441
-
Dividends
1 170
1 215
-
-
withholding
322
334
-
-
total
322
334
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 010
1 004
1 654
1 092
After tax
1 240
1 246
596
1 158
Living cost
391
391
391
391
Free-cash
849
855
205
767

Estimated living cost  is $391 per week

$235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Vienna , Austria
$724
$794
$164
$813
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
-
-
-
2 250
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
110
chamber of commerce
-
-
-
9
pensions
-
-
-
265
income
-
-
-
633
total
-
-
-
1 094
Employee
613
489
1 808
-
unemployment
18
15
43
-
other
6
5
14
-
income
70
36
513
-
pensions
63
50
147
-
health
24
19
55
-
total
181
125
772
-
Employer
613
489
1 808
-
pensions
77
61
180
-
surtax
2
2
2
-
payroll
18
15
54
-
other
29
23
83
-
health
23
18
54
-
accident
8
6
19
-
unemployment
18
15
43
-
chamber of commerce
2
2
7
-
total
177
142
442
-
Corporate
1 458
1 618
1 761
-
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
404
440
-
total
365
404
440
-
Dividends
1 094
1 213
-
-
withholding
301
334
-
-
total
301
334
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 024
1 005
1 654
1 094
After tax
1 226
1 245
596
1 156
Living cost
432
432
432
432
Free-cash
794
813
164
724

Estimated living cost  is $432 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
$529
$627
$340
$811
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
-
-
-
2 250
national
-
-
-
851
communal

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

-
-
-
117
social contributions
-
-
-
306
total
-
-
-
1 274
Employee

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

878
-
1 743
-
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
-
15
-
national
270
-
637
-
communal

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

46
-
91
-
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
-
131
-
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
-
82
-
total
431
-
956
-
Employer

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

878
-
1 743
-
surtax
100
-
198
-
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
-
154
-
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
-
107
-
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
-
23
-
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
-
25
-
total
256
-
507
-
Corporate
1 117
2 250
-
-
income
223
450
-
-
surtax
4
9
-
-
total
227
459
-
-
Dividends
889
1 791
-
-
withholding

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

262
533
-
-
total
262
533
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 176
992
1 463
1 274
After tax
1 074
1 258
787
976
Living cost
447
447
447
447
Free-cash
627
811
340
529

Estimated living cost  is $447 per week

$288
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
$1586
$1637
$1673
$1712
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
-
-
-
2 250
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
337
total
-
-
-
452
Employee
280
-
2 166
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
217
-
pensions

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

25
-
38
-
health
13
-
20
-
total
69
-
280
-
Employer
280
-
2 166
-
pensions

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

31
-
47
-
health
19
-
30
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
85
-
Corporate
1 915
2 250
-
-
income
191
225
-
-
total
191
225
-
-
Dividends
1 723
2 025
-
-
withholding
86
101
-
-
total
86
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
401
326
365
452
After tax
1 849
1 924
1 885
1 798
Living cost
212
212
212
212
Free-cash
1 637
1 712
1 673
1 586

Estimated living cost  is $212 per week

$140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1637
$1706
$1724
$1763
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
-
-
-
2 250
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
337
total
-
-
-
452
Employee
213
-
2 166
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
217
-
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
-
280
-
Employer
213
-
2 166
-
pensions

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

24
-
47
-
health
15
-
30
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
42
-
85
-
Corporate
1 995
2 250
-
-
income
199
225
-
-
total
199
225
-
-
Dividends
1 795
2 025
-
-
withholding
90
101
-
-
total
90
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
383
326
365
452
After tax
1 867
1 924
1 885
1 798
Living cost
161
161
161
161
Free-cash
1 706
1 763
1 724
1 637

Estimated living cost  is $161 per week

$94
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
$1249
$1290
$1229
$1359
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
-
-
-
2 250
health
-
-
-
57
social contributions
-
-
-
199
income
-
-
-
461
total
-
-
-
717
Employee
943
943
2 105
-
income
103
87
450
-
social contributions
36
78
106
-
health
7
16
36
-
total
146
181
592
-
Employer
943
943
2 105
-
social contributions
36
78
106
-
health
8
17
39
-
total
44
95
145
-
Corporate
1 777
1 211
-
-
income
222
151
-
-
total
222
151
-
-
Dividends
1 555
1 059
-
-
withholding
264
180
-
-
total
264
180
-
-
Income
2 250
2 250
2 250
2 250
Total tax
676
607
737
717
After tax
1 574
1 643
1 513
1 533
Living cost
284
284
284
284
Free-cash
1 290
1 359
1 229
1 249

Estimated living cost  is $284 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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
$1135
$1193
$1115
$1245
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
-
-
-
2 250
health
-
-
-
57
social contributions
-
-
-
199
income
-
-
-
461
total
-
-
-
717
Employee
943
943
2 105
-
income
99
87
450
-
social contributions
46
78
106
-
health
9
16
36
-
total
154
181
592
-
Employer
943
943
2 105
-
social contributions
46
78
106
-
health
10
17
39
-
total
56
95
145
-
Corporate
1 642
1 211
-
-
income
205
151
-
-
total
205
151
-
-
Dividends
1 437
1 059
-
-
withholding
244
180
-
-
total
244
180
-
-
Income
2 250
2 250
2 250
2 250
Total tax
659
607
737
717
After tax
1 591
1 643
1 513
1 533
Living cost
398
398
398
398
Free-cash
1 193
1 245
1 115
1 135

Estimated living cost  is $398 per week

$272
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
$1013
$1165
$920
$1265
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
-
-
-
2 250
health
-
-
-
304
social contributions
-
-
-
408
income
-
-
-
231
solidarity contribution
-
-
-
10
total
-
-
-
953
Employee
417
-
1 744
-
income
50
-
213
-
social contributions
27
-
91
-
health
56
-
235
-
solidarity contribution
-
-
1
-
total
133
-
540
-
Employer
417
-
1 744
-
social contributions
104
-
349
-
health
38
-
157
-
total
142
-
506
-
Corporate
1 691
2 250
-
-
income
321
428
-
-
total
321
428
-
-
Dividends
1 370
1 822
-
-
withholding
205
273
-
-
total
205
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
801
701
1 046
953
After tax
1 449
1 549
1 204
1 297
Living cost
284
284
284
284
Free-cash
1 165
1 265
920
1 013

Estimated living cost  is $284 per week

$197
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
$948
$1076
$855
$1200
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
-
-
-
2 250
health
-
-
-
304
social contributions
-
-
-
408
income
-
-
-
231
solidarity contribution
-
-
-
10
total
-
-
-
953
Employee
514
-
1 744
-
income
62
-
213
-
social contributions
33
-
91
-
health
69
-
235
-
solidarity contribution
-
-
1
-
total
164
-
540
-
Employer
514
-
1 744
-
social contributions
128
-
349
-
health
46
-
157
-
total
174
-
506
-
Corporate
1 562
2 250
-
-
income
297
428
-
-
total
297
428
-
-
Dividends
1 265
1 822
-
-
withholding
190
273
-
-
total
190
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
825
701
1 046
953
After tax
1 425
1 549
1 204
1 297
Living cost
349
349
349
349
Free-cash
1 076
1 200
855
948

Estimated living cost  is $349 per week

$260
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
$729
-$433
-$433
-$433
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
-
-
-
2 250
national
-
-
-
267
pensions
-
-
-
11
municipal
-
-
-
471
labour market
-
-
-
179
total
-
-
-
928
Employee
2 502
2 502
2 502
-
municipal
533
533
533
-
national
306
306
306
-
pensions
4
4
4
-
labour market
200
200
200
-
total
1 043
1 043
1 043
-
Employer
2 502
2 502
2 502
-
pensions
7
7
7
-
labour market
200
200
200
-
municipal
534
534
534
-
national
306
306
306
-
total
1 047
1 047
1 047
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
2 090
2 090
2 090
928
After tax
160
160
160
1 322
Living cost
593
593
593
593
Free-cash
-433
-433
-433
729

Estimated living cost  is $593 per week

$406
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.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Tallinn , Estonia
$910
$1427
$1001
$1504
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
-
-
-
2 250
health
-
-
-
292
pensions
-
-
-
450
income
-
-
-
302
total
-
-
-
1 044
Employee
348
-
1 682
-
unemployment
6
-
27
-
income
39
-
324
-
pensions
7
-
34
-
total
52
-
385
-
Employer
348
-
1 682
-
pensions
70
-
336
-
health
45
-
219
-
unemployment
3
-
13
-
total
118
-
568
-
Corporate
1 784
2 250
-
-
income
357
450
-
-
total
357
450
-
-
Dividends
1 427
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
527
450
953
1 044
After tax
1 723
1 800
1 297
1 206
Living cost
296
296
296
296
Free-cash
1 427
1 504
1 001
910

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
$967
$964
$704
$933
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

-
-
-
2 250
national
-
-
-
382
health
-
-
-
30
municipal
-
-
-
400
total
-
-
-
812
Employee
645
-
1 893
-
unemployment
10
-
28
-
municipal
106
-
308
-
national
11
-
230
-
pensions
44
-
128
-
health
5
-
24
-
total
176
-
718
-
Employer
645
-
1 893
-
pensions
112
-
328
-
health
5
-
15
-
accident
1
-
2
-
unemployment
4
-
12
-
total
122
-
357
-
Corporate
1 483
2 250
-
-
income
297
450
-
-
total
297
450
-
-
Dividends

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

890
1 350
-
-
municipal
160
243
-
-
national
60
153
-
-
total
220
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
815
846
1 075
812
After tax
1 435
1 404
1 175
1 438
Living cost
471
471
471
471
Free-cash
964
933
704
967

Estimated living cost  is $471 per week

$308
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Marseille , France
$888
$825
$849
$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
-
-
-
2 250
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
393
social contributions
-
-
-
64
income
-
-
-
359
other
-
-
-
70
total
-
-
-
984
Employee
469
-
1 739
-
income
24
-
341
-
surtax
-
-
-
-
social contributions
13
-
50
-
pensions
53
-
122
-
total
90
-
513
-
Employer
469
-
1 739
-
pensions
77
-
205
-
social contributions
1
-
5
-
other
16
-
68
-
health
33
-
162
-
unemployment
19
-
70
-
total
146
-
510
-
Corporate
1 635
2 250
-
-
income
458
630
-
-
surtax
-
-
-
-
total
458
630
-
-
Dividends
1 177
1 620
-
-
withholding
151
207
-
-
social contributions
202
279
-
-
surtax
-
-
-
-
total
353
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 047
1 116
1 023
984
After tax
1 203
1 134
1 227
1 266
Living cost
378
378
378
378
Free-cash
825
756
849
888

Estimated living cost  is $378 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
$846
$787
$807
$714
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
-
-
-
2 250
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
393
social contributions
-
-
-
64
income
-
-
-
359
other
-
-
-
70
total
-
-
-
984
Employee
525
-
1 739
-
income
31
-
341
-
surtax
-
-
-
-
social contributions
15
-
50
-
pensions
59
-
122
-
total
105
-
513
-
Employer
525
-
1 739
-
pensions
86
-
205
-
social contributions
2
-
5
-
other
18
-
68
-
health
37
-
162
-
unemployment
21
-
70
-
total
164
-
510
-
Corporate
1 561
2 250
-
-
income
437
630
-
-
surtax
-
-
-
-
total
437
630
-
-
Dividends
1 124
1 620
-
-
withholding
144
207
-
-
social contributions
193
279
-
-
surtax
-
-
-
-
total
337
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 043
1 116
1 023
984
After tax
1 207
1 134
1 227
1 266
Living cost
420
420
420
420
Free-cash
787
714
807
846

Estimated living cost  is $420 per week

$265
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
$673
$625
$634
$541
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
-
-
-
2 250
surtax
-
-
-
-
health
-
-
-
98
pensions
-
-
-
393
social contributions
-
-
-
64
income
-
-
-
359
other
-
-
-
70
total
-
-
-
984
Employee
768
-
1 739
-
income
67
-
341
-
surtax
-
-
-
-
social contributions
22
-
50
-
pensions
87
-
122
-
total
176
-
513
-
Employer
768
-
1 739
-
pensions
126
-
205
-
social contributions
2
-
5
-
other
27
-
68
-
health
54
-
162
-
unemployment
31
-
70
-
total
240
-
510
-
Corporate
1 242
2 250
-
-
income
348
630
-
-
surtax
-
-
-
-
total
348
630
-
-
Dividends
894
1 620
-
-
withholding
114
207
-
-
social contributions
154
279
-
-
surtax
-
-
-
-
total
268
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 032
1 116
1 023
984
After tax
1 218
1 134
1 227
1 266
Living cost
593
593
593
593
Free-cash
625
541
634
673

Estimated living cost  is $593 per week

$401
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
$2149
$2043
$1721
$2059
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%.

-
-
-
2 250
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
-
2 250
-
income
20
-
450
-
total
20
-
450
-
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%.

2 151
2 250
-
-
total
-
-
-
-
Dividends
2 151
2 250
-
-
withholding
108
112
-
-
total
108
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
128
112
450
22
After tax
2 122
2 138
1 800
2 228
Living cost
79
79
79
79
Free-cash
2 043
2 059
1 721
2 149

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
$2105
$1991
$1677
$2015
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%.

-
-
-
2 250
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
-
2 250
-
income
31
-
450
-
total
31
-
450
-
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%.

2 096
2 250
-
-
total
-
-
-
-
Dividends
2 096
2 250
-
-
withholding
105
112
-
-
total
105
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
136
112
450
22
After tax
2 114
2 138
1 800
2 228
Living cost
123
123
123
123
Free-cash
1 991
2 015
1 677
2 105

Estimated living cost  is $123 per week

$83
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
$707
$845
$948
$684
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.

-
-
-
2 250
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.

-
-
-
39
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.

-
-
-
705
trade
-
-
-
241
total
-
-
-
1 069
Employee

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

610
-
2 250
-
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
-
705
-
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
-
39
-
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
-
828
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 640
2 250
-
-
trade
235
323
-
-
income
246
337
-
-
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
19
-
-
total
499
684
-
-
Dividends
1 141
1 566
-
-
withholding
280
387
-
-
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
21
-
-
total
295
408
-
-
Income
2 250
2 250
2 250
2 250
Total tax
931
1 092
828
1 069
After tax
1 319
1 158
1 422
1 181
Living cost
474
474
474
474
Free-cash
845
684
948
707

Estimated living cost  is $474 per week

$327
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
$785
$899
$1050
$763
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.

-
-
-
2 250
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.

-
-
-
39
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.

-
-
-
705
trade
-
-
-
265
total
-
-
-
1 093
Employee

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

469
-
2 250
-
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
-
705
-
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
-
39
-
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
-
828
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 781
2 250
-
-
trade
280
354
-
-
income
267
337
-
-
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.

15
19
-
-
total
566
715
-
-
Dividends
1 214
1 534
-
-
withholding
299
379
-
-
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
21
-
-
total
315
400
-
-
Income
2 250
2 250
2 250
2 250
Total tax
979
1 115
828
1 093
After tax
1 271
1 135
1 422
1 157
Living cost
372
372
372
372
Free-cash
899
763
1 050
785

Estimated living cost  is $372 per week

$234
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Hamburg , Germany
$664
$814
$940
$641
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.

-
-
-
2 250
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.

-
-
-
39
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.

-
-
-
705
trade
-
-
-
276
total
-
-
-
1 104
Employee

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

622
-
2 250
-
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
-
705
-
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
-
39
-
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
-
828
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 628
2 250
-
-
trade
268
370
-
-
income
244
337
-
-
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
19
-
-
total
529
731
-
-
Dividends
1 098
1 519
-
-
withholding
270
375
-
-
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
21
-
-
total
285
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
954
1 127
828
1 104
After tax
1 296
1 123
1 422
1 146
Living cost
482
482
482
482
Free-cash
814
641
940
664

Estimated living cost  is $482 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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Munich , Germany
$572
$748
$860
$550
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.

-
-
-
2 250
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.

-
-
-
39
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.

-
-
-
705
trade
-
-
-
288
total
-
-
-
1 116
Employee

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

737
-
2 250
-
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
-
705
-
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
-
39
-
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
-
828
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 513
2 250
-
-
trade
259
386
-
-
income
227
337
-
-
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
19
-
-
total
502
747
-
-
Dividends
1 010
1 503
-
-
withholding
248
371
-
-
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
262
391
-
-
Income
2 250
2 250
2 250
2 250
Total tax
940
1 138
828
1 116
After tax
1 310
1 112
1 422
1 134
Living cost
562
562
562
562
Free-cash
748
550
860
572

Estimated living cost  is $562 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
$788
$1100
$712
$1139
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
-
-
-
2 250
surtax
-
-
-
101
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
639
other
-
-
-
-
total
-
-
-
1 186
Employee
413
-
1 905
-
unemployment
29
-
114
-
other
-
-
-
-
income
69
-
566
-
surtax
1
-
86
-
pensions
28
-
109
-
health
11
-
42
-
total
138
-
917
-
Employer
413
-
1 905
-
pensions
55
-
218
-
other
-
-
-
-
health
19
-
75
-
unemployment
13
-
52
-
total
87
-
345
-
Corporate
1 750
2 250
-
-
income
455
585
-
-
total
455
585
-
-
Dividends
1 295
1 665
-
-
withholding
194
250
-
-
total
194
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
874
835
1 262
1 186
After tax
1 376
1 415
988
1 064
Living cost
276
276
276
276
Free-cash
1 100
1 139
712
788

Estimated living cost  is $276 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
$793
$1108
$717
$1144
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
-
-
-
2 250
surtax
-
-
-
101
unemployment
-
-
-
3
health
-
-
-
116
pensions
-
-
-
327
income
-
-
-
639
other
-
-
-
-
total
-
-
-
1 186
Employee
406
-
1 905
-
unemployment
28
-
114
-
other
-
-
-
-
income
68
-
566
-
surtax
1
-
86
-
pensions
27
-
109
-
health
10
-
42
-
total
134
-
917
-
Employer
406
-
1 905
-
pensions
54
-
218
-
other
-
-
-
-
health
18
-
75
-
unemployment
13
-
52
-
total
85
-
345
-
Corporate
1 759
2 250
-
-
income
457
585
-
-
total
457
585
-
-
Dividends
1 302
1 665
-
-
withholding
195
250
-
-
total
195
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
871
835
1 262
1 186
After tax
1 379
1 415
988
1 064
Living cost
271
271
271
271
Free-cash
1 108
1 144
717
793

Estimated living cost  is $271 per week

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

Source of data for Thessaloniki model

Close
Budapest , Hungary
$1313
$1025
$1059
$1018
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
-
-
-
2 250
unemployment
-
-
-
34
health
-
-
-
157
pensions
-
-
-
225
income
-
-
-
275
total
-
-
-
691
Employee

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

The minimum wage is 138,000 HUF per month.

354
141
1 883
-
unemployment
5
2
28
-
income
43
17
230
-
pensions
35
14
188
-
health
25
10
132
-
total
108
43
578
-
Employer

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

The minimum wage is 138,000 HUF per month.

354
141
1 883
-
pensions
69
28
367
-
total
69
28
367
-
Corporate
1 826
2 081
-
-
income
164
187
-
-
total
164
187
-
-
Dividends
1 662
1 894
-
-
withholding
316
360
-
-
social contributions
322
368
-
-
total
638
728
-
-
Income
2 250
2 250
2 250
2 250
Total tax
979
986
945
691
After tax
1 271
1 264
1 305
1 559
Living cost
246
246
246
246
Free-cash
1 025
1 018
1 059
1 313

Estimated living cost  is $246 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
$717
$802
$728
$812
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
-
-
-
2 250
national
-
-
-
399
pensions
-
-
-
270
social contributions
-
-
-
24
municipal
-
-
-
248
total
-
-
-
941
Employee
917
-
1 945
-
municipal
113
-
257
-
national
176
-
418
-
pensions
37
-
78
-
total
326
-
753
-
Employer
917
-
1 945
-
pensions
73
-
156
-
social contributions
10
-
21
-
total
83
-
177
-
Corporate
1 189
2 250
-
-
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%.

238
450
-
-
total
238
450
-
-
Dividends
951
1 800
-
-
withholding
209
396
-
-
total
209
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
856
846
930
941
After tax
1 394
1 404
1 320
1 309
Living cost
592
592
592
592
Free-cash
802
812
728
717

Estimated living cost  is $592 per week

$402
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
$477
$903
$477
$876
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
-
-
-
2 250
social contributions
-
-
-
377
income
-
-
-
697
total
-
-
-
1 074
Employee
960
-
2 250
-
social contributions
80
-
377
-
income
181
-
697
-
total
261
-
1 074
-
Employer
960
-
2 250
-
total
-
-
-
-
Corporate
1 290
2 250
-
-
income
161
281
-
-
total
161
281
-
-
Dividends
1 129
1 969
-
-
withholding
226
394
-
-
total
226
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
648
675
1 074
1 074
After tax
1 602
1 575
1 176
1 176
Living cost
699
699
699
699
Free-cash
903
876
477
477

Estimated living cost  is $699 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Milan , Italy
$552
$619
$450
$682
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
-
-
-
2 250
national
-
-
-
561
regional
-
-
-
27
social contributions
-
-
-
579
municipal
-
-
-
13
total
-
-
-
1 180
Employee
1 090
-
2 250
-
municipal
6
-
12
-
national
189
-
487
-
social contributions
368
-
759
-
regional
10
-
24
-
total
573
-
1 282
-
Employer
1 090
-
2 250
-
total
-
-
-
-
Corporate
1 160
2 250
-
-
nationa
278
540
-
-
municipal
45
88
-
-
total
323
628
-
-
Dividends
836
1 622
-
-
withholding
217
422
-
-
total
217
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 113
1 050
1 282
1 180
After tax
1 137
1 200
968
1 070
Living cost
518
518
518
518
Free-cash
619
682
450
552

Estimated living cost  is $518 per week

$361
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
$733
$825
$632
$852
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
-
-
-
2 250
national
-
-
-
561
regional
-
-
-
34
social contributions
-
-
-
579
municipal
-
-
-
13
total
-
-
-
1 187
Employee
681
-
2 250
-
municipal
4
-
12
-
national
108
-
487
-
social contributions
229
-
759
-
regional
9
-
30
-
total
350
-
1 288
-
Employer
681
-
2 250
-
total
-
-
-
-
Corporate
1 569
2 250
-
-
nationa
377
540
-
-
municipal
78
112
-
-
total
455
652
-
-
Dividends
1 115
1 598
-
-
withholding
290
416
-
-
total
290
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 095
1 068
1 288
1 187
After tax
1 155
1 182
962
1 063
Living cost
330
330
330
330
Free-cash
825
852
632
733

Estimated living cost  is $330 per week

$206
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