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
$ 450
per

Your estimated
City
free-cash

Andorra , Andorra
$50
$10
-$4
$10
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
-
-
-
450
social contributions
-
-
-
99
income
-
-
-
-
total
-
-
-
99
Employee
379
-
390
-
social contributions
25
-
25
-
income
-
-
-
-
total
25
-
25
-
Employer
379
-
390
-
social contributions
59
-
60
-
total
59
-
60
-
Corporate
12
450
-
-
income
1
45
-
-
total
1
45
-
-
Dividends
11
405
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
85
45
85
99
After tax
365
405
365
351
Living cost
355
355
355
355
Free-cash
10
50
10
-4

Estimated living cost  is $355 per week

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

Additional information

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

Graz , Austria
-$193
-$210
-$121
-$226
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
-
-
-
450
chamber of commerce
-
-
-
2
unemployment
-
-
-
72
health
-
-
-
34
pensions
-
-
-
83
income
-
-
-
3
surtax
-
-
-
-
total
-
-
-
194
Employee
516
470
470
-
health
20
18
13
-
pensions
53
48
35
-
other
5
5
3
-
unemployment
15
14
10
-
income
46
35
41
-
total
139
120
102
-
Employer
516
470
470
-
pensions
65
59
43
-
accident
7
6
4
-
unemployment
15
14
10
-
surtax
-
-
-
-
payroll
15
14
14
-
chamber of commerce
2
2
2
-
health
20
18
13
-
other
25
22
21
-
total
149
135
107
-
Corporate
45
45
297
-
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.

11
11
74
-
total
11
11
74
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
299
266
283
194
After tax
151
184
167
256
Living cost
377
377
377
377
Free-cash
-226
-193
-210
-121

Estimated living cost  is $377 per week

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

Additional information

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

Vienna , Austria
-$234
-$251
-$162
-$323
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
-
-
-
450
chamber of commerce
-
-
-
2
unemployment
-
-
-
72
health
-
-
-
34
pensions
-
-
-
83
income
-
-
-
3
surtax
-
-
-
2
total
-
-
-
196
Employee
590
470
470
-
health
23
18
13
-
pensions
60
48
35
-
other
6
5
3
-
unemployment
18
14
10
-
income
67
35
41
-
total
174
120
102
-
Employer
590
470
470
-
pensions
74
59
43
-
accident
8
6
4
-
unemployment
18
14
10
-
surtax
2
2
2
-
payroll
18
14
14
-
chamber of commerce
2
2
2
-
health
22
18
13
-
other
28
22
21
-
total
172
137
109
-
Corporate
45
45
295
-
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.

11
11
74
-
total
11
11
74
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
357
268
285
196
After tax
93
182
165
254
Living cost
416
416
416
416
Free-cash
-323
-234
-251
-162

Estimated living cost  is $416 per week

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

Additional information

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

Brussels , Belgium
-$175
-$222
-$159
-$640
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
-
-
-
450
social contributions
-
-
-
31
communal

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

-
-
-
25
national
-
-
-
123
total
-
-
-
179
Employee

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

844
-
349
-
health

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

40
-
16
-
pensions

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

63
-
26
-
communal

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

44
-
18
-
national
260
-
77
-
unemployment

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

7
-
3
-
total
414
-
140
-
Employer

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

844
-
349
-
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
-
5
-
unemployment

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

12
-
5
-
surtax
96
-
40
-
health

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

52
-
21
-
pensions

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

75
-
31
-
total
246
-
102
-
Corporate
-
450
-
-
surtax
-
2
-
-
income
-
90
-
-
total
-
92
-
-
Dividends
-
358
-
-
withholding

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

-
103
-
-
total
-
103
-
-
Income
450
450
450
450
Total tax
660
195
242
179
After tax
-210
255
208
271
Living cost
430
430
430
430
Free-cash
-640
-175
-222
-159

Estimated living cost  is $430 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
$182
$82
$69
$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
-
-
-
450
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
68
total
-
-
-
178
Employee
269
-
376
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
12
-
17
-
pensions

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

24
-
33
-
income
27
-
38
-
total
66
-
92
-
Employer
269
-
376
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
2
-
2
-
health
19
-
26
-
pensions

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

30
-
41
-
total
54
-
73
-
Corporate
129
450
-
-
income
13
45
-
-
total
13
45
-
-
Dividends
116
405
-
-
withholding
6
20
-
-
total
6
20
-
-
Income
450
450
450
450
Total tax
139
65
165
178
After tax
311
385
285
272
Living cost
203
203
203
203
Free-cash
108
182
82
69

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$230
$130
$117
$177
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
-
-
-
450
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
68
total
-
-
-
178
Employee
205
-
376
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
9
-
17
-
pensions

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

18
-
33
-
income
20
-
38
-
total
49
-
92
-
Employer
205
-
376
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
health
14
-
26
-
pensions

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

23
-
41
-
total
40
-
73
-
Corporate
205
450
-
-
income
20
45
-
-
total
20
45
-
-
Dividends
185
405
-
-
withholding
9
20
-
-
total
9
20
-
-
Income
450
450
450
450
Total tax
118
65
165
178
After tax
332
385
285
272
Living cost
155
155
155
155
Free-cash
177
230
130
117

Estimated living cost  is $155 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
-$89
-$5
$96
-$5
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
-
-
-
450
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
908
908
908
-
health
7
15
7
-
social contributions
34
75
34
-
income
99
84
99
-
total
140
174
140
-
Employer
908
908
908
-
social contributions
34
75
34
-
health
8
17
8
-
total
42
92
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
182
266
182
81
After tax
268
184
268
369
Living cost
273
273
273
273
Free-cash
-5
-89
-5
96

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-$199
-$115
-$14
-$135
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
-
-
-
450
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
908
908
908
-
health
9
15
7
-
social contributions
44
75
34
-
income
95
84
99
-
total
148
174
140
-
Employer
908
908
908
-
social contributions
44
75
34
-
health
10
17
8
-
total
54
92
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
202
266
182
81
After tax
248
184
268
369
Living cost
383
383
383
383
Free-cash
-135
-199
-115
-14

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
$31
-$49
-$59
-$98
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
-
-
-
450
social contributions
-
-
-
131
health
-
-
-
61
solidarity contribution
-
-
-
-
income
-
-
-
39
total
-
-
-
231
Employee
408
-
336
-
health
55
-
45
-
social contributions
27
-
22
-
solidarity contribution
-
-
-
-
income
49
-
40
-
total
131
-
107
-
Employer
408
-
336
-
social contributions
102
-
84
-
health
37
-
30
-
total
139
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
270
141
221
231
After tax
180
309
229
219
Living cost
278
278
278
278
Free-cash
-98
31
-49
-59

Estimated living cost  is $278 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
-$33
-$113
-$123
-$224
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
-
-
-
450
social contributions
-
-
-
131
health
-
-
-
61
solidarity contribution
-
-
-
-
income
-
-
-
39
total
-
-
-
231
Employee
503
-
336
-
health
68
-
45
-
social contributions
33
-
22
-
solidarity contribution
-
-
-
-
income
60
-
40
-
total
161
-
107
-
Employer
503
-
336
-
social contributions
126
-
84
-
health
45
-
30
-
total
171
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
332
141
221
231
After tax
118
309
229
219
Living cost
342
342
342
342
Free-cash
-224
-33
-113
-123

Estimated living cost  is $342 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-$2127
-$2127
-$263
-$2127
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
-
-
-
450
labour market
-
-
-
35
municipal
-
-
-
61
pensions
-
-
-
10
national
-
-
-
37
total
-
-
-
143
Employee
2 406
2 406
2 406
-
municipal
512
512
512
-
pensions
3
3
3
-
national
294
294
294
-
labour market
192
192
192
-
total
1 001
1 001
1 001
-
Employer
2 406
2 406
2 406
-
labour market
192
192
192
-
national
294
294
294
-
municipal
513
513
513
-
pensions
7
7
7
-
total
1 006
1 006
1 006
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
2 007
2 007
2 007
143
After tax
-1 557
-1 557
-1 557
307
Living cost
570
570
570
570
Free-cash
-2 127
-2 127
-2 127
-263

Estimated living cost  is $570 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
$75
$1
-$17
$1
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
-
-
-
450
health
-
-
-
59
pensions
-
-
-
90
income
-
-
-
33
total
-
-
-
182
Employee
335
-
336
-
pensions
7
-
7
-
unemployment
5
-
5
-
income
38
-
38
-
total
50
-
50
-
Employer
335
-
336
-
pensions
67
-
67
-
unemployment
3
-
3
-
health
44
-
44
-
total
114
-
114
-
Corporate
2
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends
2
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
164
90
164
182
After tax
286
360
286
268
Living cost
285
285
285
285
Free-cash
1
75
1
-17

Estimated living cost  is $285 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
-$142
-$169
-$89
-$289
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

-
-
-
450
health
-
-
-
2
municipal
-
-
-
81
national
-
-
-
3
total
-
-
-
86
Employee
621
-
379
-
health
5
-
1
-
municipal
102
-
62
-
pensions
42
-
26
-
national
10
-
-
-
unemployment
9
-
6
-
total
168
-
95
-
Employer
621
-
379
-
accident
1
-
-
-
unemployment
4
-
2
-
health
5
-
3
-
pensions
108
-
66
-
total
118
-
71
-
Corporate
-
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends

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

-
270
-
-
municipal
-
49
-
-
national
-
-
-
-
total
-
49
-
-
Income
450
450
450
450
Total tax
286
139
166
86
After tax
164
311
284
364
Living cost
453
453
453
453
Free-cash
-289
-142
-169
-89

Estimated living cost  is $453 per week

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

Additional information

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

Marseille , France
-$137
-$80
-$90
-$142
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
-
-
-
450
social contributions
-
-
-
13
health
-
-
-
4
pensions
-
-
-
136
other
-
-
-
14
income
-
-
-
9
surtax
-
-
-
-
total
-
-
-
176
Employee
451
-
343
-
income
23
-
10
-
social contributions
13
-
10
-
pensions
51
-
39
-
surtax
-
-
-
-
total
87
-
59
-
Employer
451
-
343
-
pensions
74
-
56
-
social contributions
1
-
1
-
unemployment
18
-
14
-
health
32
-
24
-
other
16
-
12
-
total
141
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
228
223
166
176
After tax
222
227
284
274
Living cost
364
364
364
364
Free-cash
-142
-137
-80
-90

Estimated living cost  is $364 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$177
-$120
-$130
-$212
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
-
-
-
450
social contributions
-
-
-
13
health
-
-
-
4
pensions
-
-
-
136
other
-
-
-
14
income
-
-
-
9
surtax
-
-
-
-
total
-
-
-
176
Employee
505
-
343
-
income
30
-
10
-
social contributions
14
-
10
-
pensions
57
-
39
-
surtax
-
-
-
-
total
101
-
59
-
Employer
505
-
343
-
pensions
83
-
56
-
social contributions
2
-
1
-
unemployment
20
-
14
-
health
35
-
24
-
other
17
-
12
-
total
157
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
258
223
166
176
After tax
192
227
284
274
Living cost
404
404
404
404
Free-cash
-212
-177
-120
-130

Estimated living cost  is $404 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-$343
-$286
-$296
-$520
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
-
-
-
450
social contributions
-
-
-
13
health
-
-
-
4
pensions
-
-
-
136
other
-
-
-
14
income
-
-
-
9
surtax
-
-
-
-
total
-
-
-
176
Employee
739
-
343
-
income
64
-
10
-
social contributions
21
-
10
-
pensions
84
-
39
-
surtax
-
-
-
-
total
169
-
59
-
Employer
739
-
343
-
pensions
121
-
56
-
social contributions
2
-
1
-
unemployment
30
-
14
-
health
52
-
24
-
other
26
-
12
-
total
231
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
400
223
166
176
After tax
50
227
284
274
Living cost
570
570
570
570
Free-cash
-520
-343
-286
-296

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$345
$277
$362
$329
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%.

-
-
-
450
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
104
-
450
-
income
21
-
90
-
total
21
-
90
-
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%.

346
450
-
-
total
-
-
-
-
Dividends
346
450
-
-
withholding
17
22
-
-
total
17
22
-
-
Income
450
450
450
450
Total tax
38
22
90
5
After tax
412
428
360
445
Living cost
83
83
83
83
Free-cash
329
345
277
362

Estimated living cost  is $83 per week

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

Additional information

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

Tbilisi , Georgia
$298
$230
$315
$274
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%.

-
-
-
450
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
162
-
450
-
income
32
-
90
-
total
32
-
90
-
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%.

288
450
-
-
total
-
-
-
-
Dividends
288
450
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
450
450
450
450
Total tax
46
22
90
5
After tax
404
428
360
445
Living cost
130
130
130
130
Free-cash
274
298
230
315

Estimated living cost  is $130 per week

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

Additional information

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

Berlin , Germany
-$222
-$100
-$100
-$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

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

-
-
-
450
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
-
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.

-
-
-
12
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
total
-
-
-
94
Employee

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

587
-
450
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
1
-
income

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

48
-
12
-
total
132
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
65
-
-
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.

-
4
-
-
chamber of commerce
-
2
-
-
income
-
68
-
-
total
-
139
-
-
Dividends
-
312
-
-
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.

-
4
-
-
withholding
-
73
-
-
total
-
77
-
-
Income
450
450
450
450
Total tax
132
216
94
94
After tax
318
234
356
356
Living cost
456
456
456
456
Free-cash
-138
-222
-100
-100

Estimated living cost  is $456 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dresden , Germany
-$128
-$1
-$1
-$2
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.

-
-
-
450
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
-
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.

-
-
-
12
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
total
-
-
-
94
Employee

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

451
-
450
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
1
-
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
-
12
-
total
95
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
71
-
-
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.

-
4
-
-
chamber of commerce
-
2
-
-
income
-
68
-
-
total
-
145
-
-
Dividends
-
305
-
-
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.

-
4
-
-
withholding
-
72
-
-
total
-
76
-
-
Income
450
450
450
450
Total tax
95
221
94
94
After tax
355
229
356
356
Living cost
358
358
358
358
Free-cash
-2
-128
-1
-1

Estimated living cost  is $358 per week

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

Additional information

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

Hamburg , Germany
-$237
-$108
-$108
-$149
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.

-
-
-
450
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
-
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.

-
-
-
12
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
total
-
-
-
94
Employee

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

599
-
450
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
1
-
income

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

51
-
12
-
total
135
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
74
-
-
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.

-
4
-
-
chamber of commerce
-
2
-
-
income
-
68
-
-
total
-
148
-
-
Dividends
-
302
-
-
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.

-
4
-
-
withholding
-
71
-
-
total
-
75
-
-
Income
450
450
450
450
Total tax
135
223
94
94
After tax
315
227
356
356
Living cost
464
464
464
464
Free-cash
-149
-237
-108
-108

Estimated living cost  is $464 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Munich , Germany
-$316
-$185
-$185
-$260
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.

-
-
-
450
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
trade
-
-
-
-
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.

-
-
-
12
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
total
-
-
-
94
Employee

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

709
-
450
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

5
-
1
-
income

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

83
-
12
-
total
169
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
77
-
-
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.

-
4
-
-
chamber of commerce
-
2
-
-
income
-
68
-
-
total
-
151
-
-
Dividends
-
299
-
-
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.

-
4
-
-
withholding
-
70
-
-
total
-
74
-
-
Income
450
450
450
450
Total tax
169
225
94
94
After tax
281
225
356
356
Living cost
541
541
541
541
Free-cash
-260
-316
-185
-185

Estimated living cost  is $541 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
$18
-$17
-$6
-$32
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
-
-
-
450
unemployment
-
-
-
3
health
-
-
-
32
pensions
-
-
-
90
other
-
-
-
-
income
-
-
-
65
surtax
-
-
-
1
total
-
-
-
191
Employee
397
-
372
-
health
10
-
9
-
pensions
27
-
25
-
surtax
1
-
1
-
other
-
-
-
-
unemployment
28
-
26
-
income
67
-
62
-
total
133
-
123
-
Employer
397
-
372
-
pensions
53
-
50
-
unemployment
13
-
12
-
health
18
-
17
-
other
-
-
-
-
total
84
-
79
-
Corporate
-
450
-
-
income
-
117
-
-
total
-
117
-
-
Dividends
-
333
-
-
withholding
-
50
-
-
total
-
50
-
-
Income
450
450
450
450
Total tax
217
167
202
191
After tax
233
283
248
259
Living cost
265
265
265
265
Free-cash
-32
18
-17
-6

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
$23
-$12
-$1
-$21
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
-
-
-
450
unemployment
-
-
-
3
health
-
-
-
32
pensions
-
-
-
90
other
-
-
-
-
income
-
-
-
65
surtax
-
-
-
1
total
-
-
-
191
Employee
390
-
372
-
health
10
-
9
-
pensions
26
-
25
-
surtax
1
-
1
-
other
-
-
-
-
unemployment
27
-
26
-
income
65
-
62
-
total
129
-
123
-
Employer
390
-
372
-
pensions
52
-
50
-
unemployment
12
-
12
-
health
18
-
17
-
other
-
-
-
-
total
82
-
79
-
Corporate
-
450
-
-
income
-
117
-
-
total
-
117
-
-
Dividends
-
333
-
-
withholding
-
50
-
-
total
-
50
-
-
Income
450
450
450
450
Total tax
211
167
202
191
After tax
239
283
248
259
Living cost
260
260
260
260
Free-cash
-21
23
-12
-1

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
$26
$29
$79
$30
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
-
-
-
450
unemployment
-
-
-
7
health
-
-
-
32
pensions
-
-
-
45
income
-
-
-
55
total
-
-
-
139
Employee

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

The minimum wage is 138,000 HUF per month.

334
133
377
-
health
23
9
26
-
pensions
33
13
38
-
unemployment
5
2
6
-
income
41
16
46
-
total
102
40
116
-
Employer

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

The minimum wage is 138,000 HUF per month.

334
133
377
-
pensions
65
26
73
-
total
65
26
73
-
Corporate
51
291
-
-
income
5
26
-
-
total
5
26
-
-
Dividends
46
265
-
-
withholding
9
50
-
-
social contributions
7
50
-
-
total
16
100
-
-
Income
450
450
450
450
Total tax
188
192
189
139
After tax
262
258
261
311
Living cost
232
232
232
232
Free-cash
30
26
29
79

Estimated living cost  is $232 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-$315
-$298
-$302
-$558
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
-
-
-
450
social contributions
-
-
-
5
municipal
-
-
-
38
pensions
-
-
-
54
national
-
-
-
59
total
-
-
-
156
Employee
924
-
389
-
municipal
114
-
40
-
pensions
37
-
16
-
national
177
-
61
-
total
328
-
117
-
Employer
924
-
389
-
social contributions
10
-
4
-
pensions
74
-
31
-
total
84
-
35
-
Corporate
-
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%.

-
90
-
-
total
-
90
-
-
Dividends
-
360
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
412
169
152
156
After tax
38
281
298
294
Living cost
596
596
596
596
Free-cash
-558
-315
-298
-302

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.

Dublin , Ireland
-$357
-$300
-$300
-$473
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
-
-
-
450
social contributions
-
-
-
25
income
-
-
-
53
total
-
-
-
78
Employee
923
-
450
-
social contributions
77
-
25
-
income
174
-
53
-
total
251
-
78
-
Employer
923
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
income
-
56
-
-
total
-
56
-
-
Dividends
-
394
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
251
135
78
78
After tax
199
315
372
372
Living cost
672
672
672
672
Free-cash
-473
-357
-300
-300

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-$258
-$275
-$248
-$600
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
-
-
-
450
regional
-
-
-
4
social contributions
-
-
-
116
municipal
-
-
-
3
national
-
-
-
77
total
-
-
-
200
Employee
1 049
-
450
-
regional
10
-
4
-
municipal
6
-
2
-
social contributions
354
-
152
-
national
182
-
69
-
total
552
-
227
-
Employer
1 049
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
18
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
84
-
-
total
-
84
-
-
Income
450
450
450
450
Total tax
552
210
227
200
After tax
-102
240
223
250
Living cost
498
498
498
498
Free-cash
-600
-258
-275
-248

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
-$81
-$97
-$71
-$205
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
-
-
-
450
regional
-
-
-
7
social contributions
-
-
-
116
municipal
-
-
-
3
national
-
-
-
77
total
-
-
-
203
Employee
655
-
450
-
regional
9
-
6
-
municipal
3
-
2
-
social contributions
221
-
152
-
national
104
-
69
-
total
337
-
229
-
Employer
655
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
337
213
229
203
After tax
113
237
221
247
Living cost
318
318
318
318
Free-cash
-205
-81
-97
-71

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source