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
$ 2450
per

Your estimated
City
free-cash

Andorra , Andorra
$1424
$1793
$1489
$1834
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
-
-
-
2 450
social contributions
-
-
-
539
income
-
-
-
116
total
-
-
-
655
Employee
397
-
2 121
-
social contributions
26
-
138
-
income
-
-
123
-
total
26
-
261
-
Employer
397
-
2 121
-
social contributions
61
-
329
-
total
61
-
329
-
Corporate
1 992
2 450
-
-
income
199
245
-
-
total
199
245
-
-
Dividends
1 793
2 205
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
286
245
590
655
After tax
2 164
2 205
1 860
1 795
Living cost
371
371
371
371
Free-cash
1 793
1 834
1 489
1 424

Estimated living cost  is $371 per week

$240
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
$866
$955
$253
$960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
surtax
-
-
-
-
unemployment
-
-
-
76
health
-
-
-
110
chamber of commerce
-
-
-
10
pensions
-
-
-
267
income
-
-
-
727
total
-
-
-
1 190
Employee
539
492
1 995
-
unemployment
16
15
43
-
other
5
5
14
-
income
48
36
600
-
pensions
55
50
148
-
health
21
19
56
-
total
145
125
861
-
Employer
539
492
1 995
-
pensions
68
62
181
-
surtax
-
-
-
-
payroll
16
15
60
-
other
26
23
90
-
health
20
19
54
-
accident
7
6
19
-
unemployment
16
15
43
-
chamber of commerce
2
2
8
-
total
155
142
455
-
Corporate
1 755
1 817
1 948
-
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.

439
454
487
-
total
439
454
487
-
Dividends
1 317
1 363
-
-
withholding
362
375
-
-
total
362
375
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 101
1 096
1 803
1 190
After tax
1 349
1 354
647
1 260
Living cost
394
394
394
394
Free-cash
955
960
253
866

Estimated living cost  is $394 per week

$236
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
$823
$903
$212
$918
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
-
-
-
2 450
surtax
-
-
-
2
unemployment
-
-
-
76
health
-
-
-
110
chamber of commerce
-
-
-
10
pensions
-
-
-
267
income
-
-
-
727
total
-
-
-
1 192
Employee
617
492
1 993
-
unemployment
18
15
43
-
other
6
5
14
-
income
70
36
599
-
pensions
63
50
148
-
health
24
19
56
-
total
181
125
860
-
Employer
617
492
1 993
-
pensions
77
62
181
-
surtax
2
2
2
-
payroll
18
15
60
-
other
29
23
90
-
health
23
19
54
-
accident
8
6
19
-
unemployment
18
15
43
-
chamber of commerce
2
2
8
-
total
177
144
457
-
Corporate
1 654
1 814
1 946
-
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.

413
454
486
-
total
413
454
486
-
Dividends
1 240
1 361
-
-
withholding
341
374
-
-
total
341
374
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 112
1 097
1 803
1 192
After tax
1 338
1 353
647
1 258
Living cost
435
435
435
435
Free-cash
903
918
212
823

Estimated living cost  is $435 per week

$290
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.
$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

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
$613
$737
$397
$912
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
-
-
-
2 450
national
-
-
-
950
communal

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

-
-
-
129
social contributions
-
-
-
308
total
-
-
-
1 387
Employee

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

883
-
1 898
-
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
-
17
-
national
271
-
703
-
communal

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

46
-
99
-
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
-
142
-
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
-
89
-
total
432
-
1 050
-
Employer

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

883
-
1 898
-
surtax
100
-
215
-
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
-
168
-
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
-
117
-
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
-
25
-
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
-
28
-
total
256
-
553
-
Corporate
1 311
2 450
-
-
income
262
500
-
-
surtax
5
10
-
-
total
267
510
-
-
Dividends
1 043
1 940
-
-
withholding

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

308
578
-
-
total
308
578
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 263
1 088
1 603
1 387
After tax
1 187
1 362
847
1 063
Living cost
450
450
450
450
Free-cash
737
912
397
613

Estimated living cost  is $450 per week

$290
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.
$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 Brussels model

Close
Sofia , Bulgaria
$1755
$1808
$1853
$1883
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
-
-
-
2 450
unemployment
-
-
-
2
health
-
-
-
50
pensions

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

-
-
-
64
income
-
-
-
367
total
-
-
-
483
Employee
281
-
2 365
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
237
-
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
-
300
-
Employer
281
-
2 365
-
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
2 114
2 450
-
-
income
211
245
-
-
total
211
245
-
-
Dividends
1 902
2 205
-
-
withholding
95
110
-
-
total
95
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
430
355
385
483
After tax
2 020
2 095
2 065
1 967
Living cost
212
212
212
212
Free-cash
1 808
1 883
1 853
1 755

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.
$55
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
$1805
$1876
$1903
$1933
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
-
-
-
2 450
unemployment
-
-
-
2
health
-
-
-
50
pensions

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

-
-
-
64
income
-
-
-
367
total
-
-
-
483
Employee
214
-
2 365
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
237
-
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
-
300
-
Employer
214
-
2 365
-
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
2 194
2 450
-
-
income
219
245
-
-
total
219
245
-
-
Dividends
1 974
2 205
-
-
withholding
99
110
-
-
total
99
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
412
355
385
483
After tax
2 038
2 095
2 065
1 967
Living cost
162
162
162
162
Free-cash
1 876
1 933
1 903
1 805

Estimated living cost  is $162 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
$1375
$1433
$1354
$1499
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
-
-
-
2 450
health
-
-
-
62
social contributions
-
-
-
200
income
-
-
-
527
total
-
-
-
789
Employee
949
949
2 301
-
income
103
88
516
-
social contributions
36
79
106
-
health
7
16
39
-
total
146
183
661
-
Employer
949
949
2 301
-
social contributions
36
79
106
-
health
8
18
43
-
total
44
97
149
-
Corporate
1 974
1 405
-
-
income
247
176
-
-
total
247
176
-
-
Dividends
1 727
1 229
-
-
withholding
294
209
-
-
total
294
209
-
-
Income
2 450
2 450
2 450
2 450
Total tax
731
665
810
789
After tax
1 719
1 785
1 640
1 661
Living cost
286
286
286
286
Free-cash
1 433
1 499
1 354
1 375

Estimated living cost  is $286 per week

$171
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
$1261
$1336
$1240
$1385
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
-
-
-
2 450
health
-
-
-
62
social contributions
-
-
-
200
income
-
-
-
527
total
-
-
-
789
Employee
949
949
2 301
-
income
100
88
516
-
social contributions
46
79
106
-
health
9
16
39
-
total
155
183
661
-
Employer
949
949
2 301
-
social contributions
46
79
106
-
health
10
18
43
-
total
56
97
149
-
Corporate
1 838
1 405
-
-
income
230
176
-
-
total
230
176
-
-
Dividends
1 609
1 229
-
-
withholding
273
209
-
-
total
273
209
-
-
Income
2 450
2 450
2 450
2 450
Total tax
714
665
810
789
After tax
1 736
1 785
1 640
1 661
Living cost
400
400
400
400
Free-cash
1 336
1 385
1 240
1 261

Estimated living cost  is $400 per week

$274
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.
$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

Source of data for Limassol model

Close
Brno , Czech Republic
$1146
$1300
$1041
$1402
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
-
-
-
2 450
health
-
-
-
331
social contributions
-
-
-
411
income
-
-
-
256
solidarity contribution
-
-
-
21
total
-
-
-
1 019
Employee
420
-
1 925
-
income
50
-
236
-
social contributions
27
-
91
-
health
57
-
260
-
solidarity contribution
-
-
12
-
total
134
-
599
-
Employer
420
-
1 925
-
social contributions
105
-
352
-
health
38
-
173
-
total
143
-
525
-
Corporate
1 888
2 450
-
-
income
359
465
-
-
total
359
465
-
-
Dividends
1 529
1 985
-
-
withholding
229
298
-
-
total
229
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
865
763
1 124
1 019
After tax
1 585
1 687
1 326
1 431
Living cost
285
285
285
285
Free-cash
1 300
1 402
1 041
1 146

Estimated living cost  is $285 per week

$198
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
$1079
$1209
$974
$1335
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
-
-
-
2 450
health
-
-
-
331
social contributions
-
-
-
411
income
-
-
-
256
solidarity contribution
-
-
-
21
total
-
-
-
1 019
Employee
517
-
1 925
-
income
62
-
236
-
social contributions
34
-
91
-
health
70
-
260
-
solidarity contribution
-
-
12
-
total
166
-
599
-
Employer
517
-
1 925
-
social contributions
129
-
352
-
health
47
-
173
-
total
176
-
525
-
Corporate
1 757
2 450
-
-
income
334
465
-
-
total
334
465
-
-
Dividends
1 423
1 985
-
-
withholding
213
298
-
-
total
213
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
889
763
1 124
1 019
After tax
1 561
1 687
1 326
1 431
Living cost
352
352
352
352
Free-cash
1 209
1 335
974
1 079

Estimated living cost  is $352 per week

$261
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.
$65
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
$834
-$245
-$245
-$245
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
-
-
-
2 450
national
-
-
-
296
pensions
-
-
-
11
municipal
-
-
-
518
labour market
-
-
-
195
total
-
-
-
1 020
Employee
2 515
2 515
2 515
-
municipal
535
535
535
-
national
307
307
307
-
pensions
4
4
4
-
labour market
201
201
201
-
total
1 047
1 047
1 047
-
Employer
2 515
2 515
2 515
-
pensions
7
7
7
-
labour market
201
201
201
-
municipal
536
536
536
-
national
308
308
308
-
total
1 052
1 052
1 052
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 099
2 099
2 099
1 020
After tax
351
351
351
1 430
Living cost
596
596
596
596
Free-cash
-245
-245
-245
834

Estimated living cost  is $596 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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
$1015
$1586
$1114
$1662
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
-
-
-
2 450
health
-
-
-
319
pensions
-
-
-
490
income
-
-
-
328
total
-
-
-
1 137
Employee
350
-
1 831
-
unemployment
6
-
29
-
income
39
-
353
-
pensions
7
-
37
-
total
52
-
419
-
Employer
350
-
1 831
-
pensions
70
-
366
-
health
45
-
238
-
unemployment
3
-
15
-
total
118
-
619
-
Corporate
1 982
2 450
-
-
income
396
490
-
-
total
396
490
-
-
Dividends
1 585
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
566
490
1 038
1 137
After tax
1 884
1 960
1 412
1 313
Living cost
298
298
298
298
Free-cash
1 586
1 662
1 114
1 015

Estimated living cost  is $298 per week

$204
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.
$70
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
$1066
$1081
$785
$1044
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

-
-
-
2 450
national
-
-
-
442
health
-
-
-
33
municipal
-
-
-
435
total
-
-
-
910
Employee
649
-
2 061
-
unemployment
10
-
31
-
municipal
106
-
336
-
national
11
-
269
-
pensions
44
-
139
-
health
5
-
27
-
total
176
-
802
-
Employer
649
-
2 061
-
pensions
113
-
358
-
health
5
-
16
-
accident
1
-
2
-
unemployment
4
-
13
-
total
123
-
389
-
Corporate
1 678
2 450
-
-
income
336
490
-
-
total
336
490
-
-
Dividends

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

1 007
1 470
-
-
municipal
181
265
-
-
national
79
177
-
-
total
260
442
-
-
Income
2 450
2 450
2 450
2 450
Total tax
895
932
1 191
910
After tax
1 555
1 518
1 259
1 540
Living cost
474
474
474
474
Free-cash
1 081
1 044
785
1 066

Estimated living cost  is $474 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$989
$925
$934
$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
-
-
-
2 450
surtax
-
-
-
-
health
-
-
-
112
pensions
-
-
-
410
social contributions
-
-
-
70
income
-
-
-
413
other
-
-
-
76
total
-
-
-
1 081
Employee
471
-
1 883
-
income
24
-
378
-
surtax
-
-
-
-
social contributions
13
-
54
-
pensions
53
-
136
-
total
90
-
568
-
Employer
471
-
1 883
-
pensions
77
-
229
-
social contributions
1
-
6
-
other
16
-
76
-
health
33
-
181
-
unemployment
19
-
76
-
total
146
-
568
-
Corporate
1 831
2 450
-
-
income
513
686
-
-
surtax
-
-
-
-
total
513
686
-
-
Dividends
1 319
1 764
-
-
withholding
169
226
-
-
social contributions
227
303
-
-
surtax
-
-
-
-
total
396
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 145
1 215
1 136
1 081
After tax
1 305
1 235
1 314
1 369
Living cost
380
380
380
380
Free-cash
925
855
934
989

Estimated living cost  is $380 per week

$221
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.
$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 Marseille model

Close
Nice , France
$947
$885
$892
$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
-
-
-
2 450
surtax
-
-
-
-
health
-
-
-
112
pensions
-
-
-
410
social contributions
-
-
-
70
income
-
-
-
413
other
-
-
-
76
total
-
-
-
1 081
Employee
528
-
1 883
-
income
31
-
378
-
surtax
-
-
-
-
social contributions
15
-
54
-
pensions
60
-
136
-
total
106
-
568
-
Employer
528
-
1 883
-
pensions
87
-
229
-
social contributions
2
-
6
-
other
18
-
76
-
health
37
-
181
-
unemployment
21
-
76
-
total
165
-
568
-
Corporate
1 757
2 450
-
-
income
492
686
-
-
surtax
-
-
-
-
total
492
686
-
-
Dividends
1 265
1 764
-
-
withholding
162
226
-
-
social contributions
218
303
-
-
surtax
-
-
-
-
total
380
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 143
1 215
1 136
1 081
After tax
1 307
1 235
1 314
1 369
Living cost
422
422
422
422
Free-cash
885
813
892
947

Estimated living cost  is $422 per week

$266
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
$773
$725
$718
$639
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
-
-
-
2 450
surtax
-
-
-
-
health
-
-
-
112
pensions
-
-
-
410
social contributions
-
-
-
70
income
-
-
-
413
other
-
-
-
76
total
-
-
-
1 081
Employee
773
-
1 883
-
income
67
-
378
-
surtax
-
-
-
-
social contributions
22
-
54
-
pensions
87
-
136
-
total
176
-
568
-
Employer
773
-
1 883
-
pensions
127
-
229
-
social contributions
2
-
6
-
other
27
-
76
-
health
54
-
181
-
unemployment
31
-
76
-
total
241
-
568
-
Corporate
1 436
2 450
-
-
income
402
686
-
-
surtax
-
-
-
-
total
402
686
-
-
Dividends
1 034
1 764
-
-
withholding
132
226
-
-
social contributions
178
303
-
-
surtax
-
-
-
-
total
310
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 129
1 215
1 136
1 081
After tax
1 321
1 235
1 314
1 369
Living cost
596
596
596
596
Free-cash
725
639
718
773

Estimated living cost  is $596 per week

$403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$136
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
$2347
$2233
$1881
$2249
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%.

-
-
-
2 450
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
99
-
2 450
-
income
20
-
490
-
total
20
-
490
-
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%.

2 351
2 450
-
-
total
-
-
-
-
Dividends
2 351
2 450
-
-
withholding
118
122
-
-
total
118
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
138
122
490
24
After tax
2 312
2 328
1 960
2 426
Living cost
79
79
79
79
Free-cash
2 233
2 249
1 881
2 347

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
$2303
$2181
$1837
$2205
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%.

-
-
-
2 450
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
154
-
2 450
-
income
31
-
490
-
total
31
-
490
-
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%.

2 296
2 450
-
-
total
-
-
-
-
Dividends
2 296
2 450
-
-
withholding
115
122
-
-
total
115
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
146
122
490
24
After tax
2 304
2 328
1 960
2 426
Living cost
123
123
123
123
Free-cash
2 181
2 205
1 837
2 303

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
$790
$947
$1059
$784
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.

-
-
-
2 450
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.

-
-
-
43
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.

-
-
-
788
trade
-
-
-
269
total
-
-
-
1 184
Employee

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

614
-
2 450
-
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
-
788
-
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
-
43
-
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
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 836
2 450
-
-
trade
263
352
-
-
income
275
368
-
-
chamber of commerce
5
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
20
-
-
total
558
745
-
-
Dividends
1 278
1 705
-
-
withholding
315
422
-
-
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.

17
23
-
-
total
332
445
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 027
1 190
915
1 184
After tax
1 423
1 260
1 535
1 266
Living cost
476
476
476
476
Free-cash
947
784
1 059
790

Estimated living cost  is $476 per week

$329
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.
$90
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
$865
$997
$1161
$861
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.

-
-
-
2 450
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.

-
-
-
43
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.

-
-
-
788
trade
-
-
-
296
total
-
-
-
1 211
Employee

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

472
-
2 450
-
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
-
788
-
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
-
43
-
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
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 978
2 450
-
-
trade
312
386
-
-
income
297
368
-
-
chamber of commerce
5
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.

16
20
-
-
total
630
779
-
-
Dividends
1 349
1 671
-
-
withholding
333
413
-
-
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.

18
23
-
-
total
351
436
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 079
1 215
915
1 211
After tax
1 371
1 235
1 535
1 239
Living cost
374
374
374
374
Free-cash
997
861
1 161
865

Estimated living cost  is $374 per week

$235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$741
$911
$1050
$738
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.

-
-
-
2 450
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.

-
-
-
43
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.

-
-
-
788
trade
-
-
-
309
total
-
-
-
1 224
Employee

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

626
-
2 450
-
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.

54
-
788
-
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
-
43
-
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
141
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 824
2 450
-
-
trade
300
403
-
-
income
274
368
-
-
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
20
-
-
total
593
796
-
-
Dividends
1 231
1 654
-
-
withholding
303
409
-
-
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.

17
22
-
-
total
320
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 054
1 227
915
1 224
After tax
1 396
1 223
1 535
1 226
Living cost
485
485
485
485
Free-cash
911
738
1 050
741

Estimated living cost  is $485 per week

$324
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
$648
$846
$970
$646
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.

-
-
-
2 450
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.

-
-
-
43
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.

-
-
-
788
trade
-
-
-
322
total
-
-
-
1 237
Employee

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

741
-
2 450
-
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
-
788
-
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
-
43
-
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
-
915
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 709
2 450
-
-
trade
293
420
-
-
income
256
368
-
-
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
20
-
-
total
567
813
-
-
Dividends
1 141
1 637
-
-
withholding
281
404
-
-
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
22
-
-
total
296
426
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 039
1 239
915
1 237
After tax
1 411
1 211
1 535
1 213
Living cost
565
565
565
565
Free-cash
846
646
970
648

Estimated living cost  is $565 per week

$413
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.
$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

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
$879
$1225
$804
$1264
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
-
-
-
2 450
surtax
-
-
-
118
unemployment
-
-
-
3
health
-
-
-
117
pensions
-
-
-
329
income
-
-
-
727
other
-
-
-
-
total
-
-
-
1 294
Employee
415
-
2 103
-
unemployment
29
-
115
-
other
-
-
-
-
income
70
-
653
-
surtax
1
-
103
-
pensions
28
-
110
-
health
11
-
42
-
total
139
-
1 023
-
Employer
415
-
2 103
-
pensions
55
-
219
-
other
-
-
-
-
health
19
-
75
-
unemployment
13
-
52
-
total
87
-
346
-
Corporate
1 947
2 450
-
-
income
506
637
-
-
total
506
637
-
-
Dividends
1 441
1 813
-
-
withholding
216
272
-
-
total
216
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
948
909
1 369
1 294
After tax
1 502
1 541
1 081
1 156
Living cost
277
277
277
277
Free-cash
1 225
1 264
804
879

Estimated living cost  is $277 per week

$167
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
$884
$1232
$809
$1269
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
-
-
-
2 450
surtax
-
-
-
118
unemployment
-
-
-
3
health
-
-
-
117
pensions
-
-
-
329
income
-
-
-
727
other
-
-
-
-
total
-
-
-
1 294
Employee
408
-
2 103
-
unemployment
28
-
115
-
other
-
-
-
-
income
68
-
653
-
surtax
1
-
103
-
pensions
27
-
110
-
health
10
-
42
-
total
134
-
1 023
-
Employer
408
-
2 103
-
pensions
54
-
219
-
other
-
-
-
-
health
19
-
75
-
unemployment
13
-
52
-
total
86
-
346
-
Corporate
1 956
2 450
-
-
income
509
637
-
-
total
509
637
-
-
Dividends
1 448
1 813
-
-
withholding
217
272
-
-
total
217
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
946
909
1 369
1 294
After tax
1 504
1 541
1 081
1 156
Living cost
272
272
272
272
Free-cash
1 232
1 269
809
884

Estimated living cost  is $272 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
$1450
$1134
$1172
$1130
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
-
-
-
2 450
unemployment
-
-
-
37
health
-
-
-
171
pensions
-
-
-
245
income
-
-
-
300
total
-
-
-
753
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.

356
142
2 050
-
unemployment
5
2
31
-
income
44
17
251
-
pensions
36
14
205
-
health
25
10
144
-
total
110
43
631
-
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.

356
142
2 050
-
pensions
69
28
400
-
total
69
28
400
-
Corporate
2 024
2 281
-
-
income
182
205
-
-
total
182
205
-
-
Dividends
1 842
2 075
-
-
withholding
350
394
-
-
social contributions
358
403
-
-
total
708
797
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 069
1 073
1 031
753
After tax
1 381
1 377
1 419
1 697
Living cost
247
247
247
247
Free-cash
1 134
1 130
1 172
1 450

Estimated living cost  is $247 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
$814
$923
$826
$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
-
-
-
2 450
national
-
-
-
449
pensions
-
-
-
294
social contributions
-
-
-
26
municipal
-
-
-
271
total
-
-
-
1 040
Employee
924
-
2 118
-
municipal
114
-
281
-
national
177
-
470
-
pensions
37
-
85
-
total
328
-
836
-
Employer
924
-
2 118
-
pensions
74
-
169
-
social contributions
10
-
23
-
total
84
-
192
-
Corporate
1 382
2 450
-
-
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%.

276
490
-
-
total
276
490
-
-
Dividends
1 105
1 960
-
-
withholding
243
431
-
-
total
243
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
931
921
1 028
1 040
After tax
1 519
1 529
1 422
1 410
Living cost
596
596
596
596
Free-cash
923
933
826
814

Estimated living cost  is $596 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Dublin , Ireland
$556
$1039
$556
$1012
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
-
-
-
2 450
social contributions
-
-
-
415
income
-
-
-
776
total
-
-
-
1 191
Employee
965
-
2 450
-
social contributions
80
-
415
-
income
182
-
776
-
total
262
-
1 191
-
Employer
965
-
2 450
-
total
-
-
-
-
Corporate
1 485
2 450
-
-
income
186
306
-
-
total
186
306
-
-
Dividends
1 299
2 144
-
-
withholding
260
429
-
-
total
260
429
-
-
Income
2 450
2 450
2 450
2 450
Total tax
708
735
1 191
1 191
After tax
1 742
1 715
1 259
1 259
Living cost
703
703
703
703
Free-cash
1 039
1 012
556
556

Estimated living cost  is $703 per week

$535
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
$640
$721
$532
$786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
national
-
-
-
628
regional
-
-
-
29
social contributions
-
-
-
617
municipal
-
-
-
15
total
-
-
-
1 289
Employee
1 096
-
2 450
-
municipal
6
-
13
-
national
190
-
548
-
social contributions
370
-
810
-
regional
10
-
26
-
total
576
-
1 397
-
Employer
1 096
-
2 450
-
total
-
-
-
-
Corporate
1 354
2 450
-
-
nationa
325
588
-
-
municipal
53
96
-
-
total
378
684
-
-
Dividends
976
1 766
-
-
withholding
254
459
-
-
total
254
459
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 208
1 143
1 397
1 289
After tax
1 242
1 307
1 053
1 161
Living cost
521
521
521
521
Free-cash
721
786
532
640

Estimated living cost  is $521 per week

$363
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.
$116
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
$821
$928
$714
$956
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
-
-
-
2 450
national
-
-
-
628
regional
-
-
-
37
social contributions
-
-
-
617
municipal
-
-
-
15
total
-
-
-
1 297
Employee
684
-
2 450
-
municipal
4
-
13
-
national
108
-
548
-
social contributions
231
-
810
-
regional
9
-
33
-
total
352
-
1 404
-
Employer
684
-
2 450
-
total
-
-
-
-
Corporate
1 766
2 450
-
-
nationa
424
588
-
-
municipal
88
122
-
-
total
512
710
-
-
Dividends
1 254
1 740
-
-
withholding
326
452
-
-
total
326
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 190
1 162
1 404
1 297
After tax
1 260
1 288
1 046
1 153
Living cost
332
332
332
332
Free-cash
928
956
714
821

Estimated living cost  is $332 per week

$207
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.
$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.