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
$ 350
per

Your estimated
City
free-cash

Andorra , Andorra
-$96
-$106
-$86
-$54
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
-
-
-
350
social contributions
-
-
-
77
income
-
-
-
-
total
-
-
-
77
Employee
394
-
303
-
social contributions
26
-
20
-
income
-
-
-
-
total
26
-
20
-
Employer
394
-
303
-
social contributions
61
-
47
-
total
61
-
47
-
Corporate
-
350
-
-
income
-
35
-
-
total
-
35
-
-
Dividends
-
315
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
87
35
67
77
After tax
263
315
283
273
Living cost
369
369
369
369
Free-cash
-106
-54
-86
-96

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.

Graz , Austria
-$209
-$351
-$281
-$318
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
-
-
-
350
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
27
chamber of commerce
-
-
-
1
pensions
-
-
-
65
income
-
-
-
-
total
-
-
-
168
Employee
536
489
489
-
unemployment
16
15
8
-
other
5
5
3
-
income
48
36
49
-
pensions
55
50
26
-
health
21
19
10
-
total
145
125
96
-
Employer
536
489
489
-
pensions
67
61
32
-
surtax
-
-
-
-
payroll
16
15
15
-
other
25
23
21
-
health
20
18
10
-
accident
7
6
3
-
unemployment
16
15
8
-
chamber of commerce
2
2
2
-
total
153
140
91
-
Corporate
47
47
212
-
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.

12
12
53
-
total
12
12
53
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
310
277
240
168
After tax
40
73
110
182
Living cost
391
391
391
391
Free-cash
-351
-318
-281
-209

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.

Vienna , Austria
-$252
-$452
-$324
-$361
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
-
-
-
350
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
27
chamber of commerce
-
-
-
1
pensions
-
-
-
65
income
-
-
-
-
total
-
-
-
170
Employee
613
489
489
-
unemployment
18
15
8
-
other
6
5
3
-
income
70
36
49
-
pensions
63
50
26
-
health
24
19
10
-
total
181
125
96
-
Employer
613
489
489
-
pensions
77
61
32
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
21
-
health
23
18
10
-
accident
8
6
3
-
unemployment
18
15
8
-
chamber of commerce
2
2
2
-
total
177
142
93
-
Corporate
47
47
210
-
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.

12
12
53
-
total
12
12
53
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
370
279
242
170
After tax
-20
71
108
180
Living cost
432
432
432
432
Free-cash
-452
-361
-324
-252

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.

Brussels , Belgium
-$216
-$784
-$285
-$247
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
-
-
-
350
national
-
-
-
91
communal

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

-
-
-
21
social contributions
-
-
-
7
total
-
-
-
119
Employee

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

878
-
271
-
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
-
2
-
national
270
-
59
-
communal

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

46
-
14
-
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
-
20
-
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
-
13
-
total
431
-
108
-
Employer

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

878
-
271
-
surtax
100
-
31
-
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
-
24
-
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
-
17
-
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
-
4
-
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
-
4
-
total
256
-
80
-
Corporate
-
350
-
-
income
-
70
-
-
surtax
-
1
-
-
total
-
71
-
-
Dividends
-
279
-
-
withholding

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

-
79
-
-
total
-
79
-
-
Income
350
350
350
350
Total tax
687
150
188
119
After tax
-337
200
162
231
Living cost
447
447
447
447
Free-cash
-784
-247
-285
-216

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
Sofia , Bulgaria
-$8
$12
$10
$87
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
-
-
-
350
unemployment
-
-
-
1
health
-
-
-
40
pensions

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

-
-
-
52
income
-
-
-
53
total
-
-
-
146
Employee
280
-
293
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
income
28
-
29
-
pensions

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

25
-
26
-
health
13
-
13
-
total
69
-
71
-
Employer
280
-
293
-
pensions

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

31
-
32
-
health
19
-
20
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
unemployment
2
-
2
-
total
55
-
57
-
Corporate
15
350
-
-
income
1
35
-
-
total
1
35
-
-
Dividends
13
315
-
-
withholding
1
16
-
-
total
1
16
-
-
Income
350
350
350
350
Total tax
126
51
128
146
After tax
224
299
222
204
Living cost
212
212
212
212
Free-cash
12
87
10
-8

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
Varna , Bulgaria
$43
$82
$61
$138
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
-
-
-
350
unemployment
-
-
-
1
health
-
-
-
40
pensions

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

-
-
-
52
income
-
-
-
53
total
-
-
-
146
Employee
213
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
21
-
29
-
pensions

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

19
-
26
-
health
10
-
13
-
total
52
-
71
-
Employer
213
-
293
-
pensions

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

24
-
32
-
health
15
-
20
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
42
-
57
-
Corporate
95
350
-
-
income
9
35
-
-
total
9
35
-
-
Dividends
85
315
-
-
withholding
4
16
-
-
total
4
16
-
-
Income
350
350
350
350
Total tax
107
51
128
146
After tax
243
299
222
204
Living cost
161
161
161
161
Free-cash
82
138
61
43

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
Larnaca , Cyprus
-$19
-$124
-$103
-$210
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
-
-
-
466
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
943
943
943
-
income
103
87
106
-
social contributions
36
78
26
-
health
7
16
5
-
total
146
181
137
-
Employer
943
943
943
-
social contributions
36
78
26
-
health
8
17
6
-
total
44
95
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
190
276
169
85
After tax
160
74
181
265
Living cost
284
284
284
284
Free-cash
-124
-210
-103
-19

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
Limassol , Cyprus
-$133
-$258
-$217
-$324
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
-
-
-
466
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
943
943
943
-
income
99
87
106
-
social contributions
46
78
26
-
health
9
16
5
-
total
154
181
137
-
Employer
943
943
943
-
social contributions
46
78
26
-
health
10
17
6
-
total
56
95
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
210
276
169
85
After tax
140
74
181
265
Living cost
398
398
398
398
Free-cash
-258
-324
-217
-133

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
Brno , Czech Republic
-$113
-$209
-$106
-$43
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
-
-
-
350
health
-
-
-
47
social contributions
-
-
-
102
income
-
-
-
30
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
417
-
261
-
income
50
-
31
-
social contributions
27
-
17
-
health
56
-
35
-
solidarity contribution
-
-
-
-
total
133
-
83
-
Employer
417
-
261
-
social contributions
104
-
65
-
health
38
-
24
-
total
142
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
275
109
172
179
After tax
75
241
178
171
Living cost
284
284
284
284
Free-cash
-209
-43
-106
-113

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
Prague , Czech Republic
-$178
-$337
-$171
-$108
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
-
-
-
350
health
-
-
-
47
social contributions
-
-
-
102
income
-
-
-
30
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
514
-
261
-
income
62
-
31
-
social contributions
33
-
17
-
health
69
-
35
-
solidarity contribution
-
-
-
-
total
164
-
83
-
Employer
514
-
261
-
social contributions
128
-
65
-
health
46
-
24
-
total
174
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
338
109
172
179
After tax
12
241
178
171
Living cost
349
349
349
349
Free-cash
-337
-108
-171
-178

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
Copenhagen , Denmark
-$343
-$2333
-$2333
-$2333
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
-
-
-
350
national
-
-
-
24
pensions
-
-
-
11
municipal
-
-
-
38
labour market
-
-
-
27
total
-
-
-
100
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
350
350
350
350
Total tax
2 090
2 090
2 090
100
After tax
-1 740
-1 740
-1 740
250
Living cost
593
593
593
593
Free-cash
-2 333
-2 333
-2 333
-343

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
Tallinn , Estonia
-$80
-$116
-$65
-$16
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
-
-
-
350
health
-
-
-
45
pensions
-
-
-
70
income
-
-
-
19
total
-
-
-
134
Employee
348
-
262
-
unemployment
6
-
4
-
income
39
-
22
-
pensions
7
-
5
-
total
52
-
31
-
Employer
348
-
262
-
pensions
70
-
52
-
health
45
-
34
-
unemployment
3
-
2
-
total
118
-
88
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
170
70
119
134
After tax
180
280
231
216
Living cost
296
296
296
296
Free-cash
-116
-16
-65
-80

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
Helsinki , Finland
-$184
-$419
-$249
-$229
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

-
-
-
350
national
-
-
-
-
health
-
-
-
-
municipal
-
-
-
63
total
-
-
-
63
Employee
645
-
294
-
unemployment
10
-
4
-
municipal
106
-
49
-
national
11
-
-
-
pensions
44
-
20
-
health
5
-
-
-
total
176
-
73
-
Employer
645
-
294
-
pensions
112
-
51
-
health
5
-
2
-
accident
1
-
-
-
unemployment
4
-
2
-
total
122
-
55
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends

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

-
210
-
-
municipal
-
38
-
-
national
-
-
-
-
total
-
38
-
-
Income
350
350
350
350
Total tax
298
108
128
63
After tax
52
242
222
287
Living cost
471
471
471
471
Free-cash
-419
-229
-249
-184

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.

Marseille , France
-$162
-$264
-$150
-$201
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
-
-
-
350
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
110
social contributions
-
-
-
10
income
-
-
-
-
other
-
-
-
11
total
-
-
-
134
Employee
469
-
267
-
income
24
-
-
-
surtax
-
-
-
-
social contributions
13
-
8
-
pensions
53
-
30
-
total
90
-
38
-
Employer
469
-
267
-
pensions
77
-
44
-
social contributions
1
-
1
-
other
16
-
9
-
health
33
-
19
-
unemployment
19
-
11
-
total
146
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
236
173
122
134
After tax
114
177
228
216
Living cost
378
378
378
378
Free-cash
-264
-201
-150
-162

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
Nice , France
-$204
-$339
-$192
-$243
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
-
-
-
350
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
110
social contributions
-
-
-
10
income
-
-
-
-
other
-
-
-
11
total
-
-
-
134
Employee
525
-
267
-
income
31
-
-
-
surtax
-
-
-
-
social contributions
15
-
8
-
pensions
59
-
30
-
total
105
-
38
-
Employer
525
-
267
-
pensions
86
-
44
-
social contributions
2
-
1
-
other
18
-
9
-
health
37
-
19
-
unemployment
21
-
11
-
total
164
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
269
173
122
134
After tax
81
177
228
216
Living cost
420
420
420
420
Free-cash
-339
-243
-192
-204

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
Paris , France
-$377
-$659
-$365
-$416
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
-
-
-
350
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
110
social contributions
-
-
-
10
income
-
-
-
-
other
-
-
-
11
total
-
-
-
134
Employee
768
-
267
-
income
67
-
-
-
surtax
-
-
-
-
social contributions
22
-
8
-
pensions
87
-
30
-
total
176
-
38
-
Employer
768
-
267
-
pensions
126
-
44
-
social contributions
2
-
1
-
other
27
-
9
-
health
54
-
19
-
unemployment
31
-
11
-
total
240
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
416
173
122
134
After tax
-66
177
228
216
Living cost
593
593
593
593
Free-cash
-659
-416
-365
-377

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
Batumi , Georgia
$267
$238
$201
$253
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%.

-
-
-
350
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
99
-
350
-
income
20
-
70
-
total
20
-
70
-
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%.

251
350
-
-
total
-
-
-
-
Dividends
251
350
-
-
withholding
13
18
-
-
total
13
18
-
-
Income
350
350
350
350
Total tax
33
18
70
4
After tax
317
332
280
346
Living cost
79
79
79
79
Free-cash
238
253
201
267

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.

Tbilisi , Georgia
$223
$186
$157
$209
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%.

-
-
-
350
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
154
-
350
-
income
31
-
70
-
total
31
-
70
-
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%.

196
350
-
-
total
-
-
-
-
Dividends
196
350
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
350
350
350
350
Total tax
41
18
70
4
After tax
309
332
280
346
Living cost
123
123
123
123
Free-cash
186
209
157
223

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.

Berlin , Germany
-$217
-$261
-$217
-$291
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.

-
-
-
350
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.

-
-
-
-
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.

-
-
-
9
trade
-
-
-
-
total
-
-
-
93
Employee

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

610
-
350
-
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
-
9
-
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
-
-
-
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
-
93
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
50
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
108
-
-
Dividends
-
242
-
-
withholding
-
56
-
-
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
-
-
total
-
59
-
-
Income
350
350
350
350
Total tax
137
167
93
93
After tax
213
183
257
257
Living cost
474
474
474
474
Free-cash
-261
-291
-217
-217

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.

Dresden , Germany
-$115
-$120
-$115
-$193
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.

-
-
-
350
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.

-
-
-
-
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.

-
-
-
9
trade
-
-
-
-
total
-
-
-
93
Employee

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

469
-
350
-
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
-
9
-
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
-
-
-
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
-
93
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
55
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
113
-
-
Dividends
-
237
-
-
withholding
-
55
-
-
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
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
98
171
93
93
After tax
252
179
257
257
Living cost
372
372
372
372
Free-cash
-120
-193
-115
-115

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.

Hamburg , Germany
-$225
-$272
-$225
-$305
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.

-
-
-
350
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.

-
-
-
-
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.

-
-
-
9
trade
-
-
-
-
total
-
-
-
93
Employee

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

622
-
350
-
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
-
9
-
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
-
-
-
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
-
93
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
58
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
116
-
-
Dividends
-
235
-
-
withholding
-
54
-
-
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
-
-
total
-
57
-
-
Income
350
350
350
350
Total tax
140
173
93
93
After tax
210
177
257
257
Living cost
482
482
482
482
Free-cash
-272
-305
-225
-225

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.

Munich , Germany
-$305
-$388
-$305
-$386
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.

-
-
-
350
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.

-
-
-
-
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.

-
-
-
9
trade
-
-
-
-
total
-
-
-
93
Employee

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

737
-
350
-
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
-
9
-
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
-
-
-
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
-
93
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
60
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
118
-
-
Dividends
-
232
-
-
withholding
-
53
-
-
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
-
-
total
-
56
-
-
Income
350
350
350
350
Total tax
176
174
93
93
After tax
174
176
257
257
Living cost
562
562
562
562
Free-cash
-388
-386
-305
-305

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.

Athens , Greece
-$74
-$151
-$81
-$56
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
-
-
-
350
surtax
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
25
pensions
-
-
-
70
income
-
-
-
50
other
-
-
-
-
total
-
-
-
148
Employee
413
-
289
-
unemployment
29
-
20
-
other
-
-
-
-
income
69
-
48
-
surtax
1
-
-
-
pensions
28
-
19
-
health
11
-
7
-
total
138
-
94
-
Employer
413
-
289
-
pensions
55
-
39
-
other
-
-
-
-
health
19
-
13
-
unemployment
13
-
9
-
total
87
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
225
130
155
148
After tax
125
220
195
202
Living cost
276
276
276
276
Free-cash
-151
-56
-81
-74

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
Thessaloniki , Greece
-$69
-$140
-$76
-$51
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
-
-
-
350
surtax
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
25
pensions
-
-
-
70
income
-
-
-
50
other
-
-
-
-
total
-
-
-
148
Employee
406
-
289
-
unemployment
28
-
20
-
other
-
-
-
-
income
68
-
48
-
surtax
1
-
-
-
pensions
27
-
19
-
health
10
-
7
-
total
134
-
94
-
Employer
406
-
289
-
pensions
54
-
39
-
other
-
-
-
-
health
18
-
13
-
unemployment
13
-
9
-
total
85
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
219
130
155
148
After tax
131
220
195
202
Living cost
271
271
271
271
Free-cash
-140
-51
-76
-69

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
Budapest , Hungary
-$4
-$73
-$43
-$45
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
-
-
-
350
unemployment
-
-
-
5
health
-
-
-
25
pensions
-
-
-
35
income
-
-
-
43
total
-
-
-
108
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
293
-
unemployment
5
2
4
-
income
43
17
36
-
pensions
35
14
29
-
health
25
10
21
-
total
108
43
90
-
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
293
-
pensions
69
28
57
-
total
69
28
57
-
Corporate
-
181
-
-
income
-
16
-
-
total
-
16
-
-
Dividends
-
165
-
-
withholding
-
31
-
-
social contributions
-
31
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
177
149
147
108
After tax
173
201
203
242
Living cost
246
246
246
246
Free-cash
-73
-45
-43
-4

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
Reykjavik , Iceland
-$355
-$651
-$352
-$374
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
-
-
-
350
national
-
-
-
41
pensions
-
-
-
42
social contributions
-
-
-
4
municipal
-
-
-
26
total
-
-
-
113
Employee
917
-
303
-
municipal
113
-
28
-
national
176
-
43
-
pensions
37
-
12
-
total
326
-
83
-
Employer
917
-
303
-
pensions
73
-
24
-
social contributions
10
-
3
-
total
83
-
27
-
Corporate
-
350
-
-
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%.

-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
409
132
110
113
After tax
-59
218
240
237
Living cost
592
592
592
592
Free-cash
-651
-374
-352
-355

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.

Dublin , Ireland
-$392
-$610
-$392
-$454
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
-
-
-
350
social contributions
-
-
-
11
income
-
-
-
32
total
-
-
-
43
Employee
960
-
350
-
social contributions
80
-
11
-
income
181
-
32
-
total
261
-
43
-
Employer
960
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
44
-
-
total
-
44
-
-
Dividends
-
306
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
350
350
350
350
Total tax
261
105
43
43
After tax
89
245
307
307
Living cost
699
699
699
699
Free-cash
-610
-454
-392
-392

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.

Milan , Italy
-$327
-$741
-$350
-$332
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
-
-
-
350
national
-
-
-
59
regional
-
-
-
3
social contributions
-
-
-
95
municipal
-
-
-
2
total
-
-
-
159
Employee
1 090
-
350
-
municipal
6
-
2
-
national
189
-
52
-
social contributions
368
-
125
-
regional
10
-
3
-
total
573
-
182
-
Employer
1 090
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
14
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
350
350
350
350
Total tax
573
164
182
159
After tax
-223
186
168
191
Living cost
518
518
518
518
Free-cash
-741
-332
-350
-327

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
Naples , Italy
-$141
-$330
-$164
-$146
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
-
-
-
350
national
-
-
-
59
regional
-
-
-
5
social contributions
-
-
-
95
municipal
-
-
-
2
total
-
-
-
161
Employee
681
-
350
-
municipal
4
-
2
-
national
108
-
52
-
social contributions
229
-
125
-
regional
9
-
5
-
total
350
-
184
-
Employer
681
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
350
166
184
161
After tax
-
184
166
189
Living cost
330
330
330
330
Free-cash
-330
-146
-164
-141

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 Show details Source