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
-$19
-$7
-$5
$35
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
396
-
390
-
social contributions
26
-
25
-
income
-
-
-
-
total
26
-
25
-
Employer
396
-
390
-
social contributions
61
-
60
-
total
61
-
60
-
Corporate
-
450
-
-
income
-
45
-
-
total
-
45
-
-
Dividends
-
405
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
87
45
85
99
After tax
363
405
365
351
Living cost
370
370
370
370
Free-cash
-7
35
-5
-19

Estimated living cost  is $370 per week

$239
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
-$138
-$255
-$231
-$222
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
surtax
-
-
-
-
unemployment
-
-
-
76
health
-
-
-
34
chamber of commerce
-
-
-
2
pensions
-
-
-
83
income
-
-
-
-
total
-
-
-
195
Employee
538
491
491
-
unemployment
16
15
10
-
other
5
5
3
-
income
48
36
44
-
pensions
55
50
35
-
health
21
19
13
-
total
145
125
105
-
Employer
538
491
491
-
pensions
68
62
43
-
surtax
-
-
-
-
payroll
16
15
15
-
other
26
23
22
-
health
20
19
13
-
accident
7
6
4
-
unemployment
16
15
10
-
chamber of commerce
2
2
2
-
total
155
142
109
-
Corporate
47
47
294
-
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
74
-
total
12
12
74
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
312
279
288
195
After tax
138
171
162
255
Living cost
393
393
393
393
Free-cash
-255
-222
-231
-138

Estimated living cost  is $393 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
-$181
-$354
-$273
-$265
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
surtax
-
-
-
2
unemployment
-
-
-
76
health
-
-
-
34
chamber of commerce
-
-
-
2
pensions
-
-
-
83
income
-
-
-
-
total
-
-
-
197
Employee
615
491
491
-
unemployment
18
15
10
-
other
6
5
3
-
income
70
36
44
-
pensions
63
50
35
-
health
24
19
13
-
total
181
125
105
-
Employer
615
491
491
-
pensions
77
62
43
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
22
-
health
23
19
13
-
accident
8
6
4
-
unemployment
18
15
10
-
chamber of commerce
2
2
2
-
total
177
144
111
-
Corporate
47
47
292
-
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
73
-
total
12
12
73
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
370
281
289
197
After tax
80
169
161
253
Living cost
434
434
434
434
Free-cash
-354
-265
-273
-181

Estimated living cost  is $434 per week

$289
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
-$174
-$687
-$240
-$194
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
national
-
-
-
122
communal

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

-
-
-
25
social contributions
-
-
-
28
total
-
-
-
175
Employee

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

881
-
349
-
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
-
3
-
national
271
-
76
-
communal

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

46
-
18
-
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
-
26
-
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
-
16
-
total
432
-
139
-
Employer

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

881
-
349
-
surtax
100
-
40
-
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
-
31
-
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
-
21
-
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.

13
-
5
-
total
256
-
102
-
Corporate
-
450
-
-
income
-
90
-
-
surtax
-
2
-
-
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
688
195
241
175
After tax
-238
255
209
275
Living cost
449
449
449
449
Free-cash
-687
-194
-240
-174

Estimated living cost  is $449 per week

$289
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
$57
$98
$74
$174
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
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
67
total
-
-
-
182
Employee
280
-
376
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
28
-
38
-
pensions

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

25
-
33
-
health
13
-
17
-
total
69
-
92
-
Employer
280
-
376
-
pensions

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

31
-
41
-
health
19
-
26
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
2
-
2
-
total
55
-
73
-
Corporate
115
450
-
-
income
12
45
-
-
total
12
45
-
-
Dividends
104
405
-
-
withholding
5
20
-
-
total
5
20
-
-
Income
450
450
450
450
Total tax
141
65
165
182
After tax
309
385
285
268
Living cost
211
211
211
211
Free-cash
98
174
74
57

Estimated living cost  is $211 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
$107
$167
$124
$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
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
64
income
-
-
-
67
total
-
-
-
182
Employee
213
-
376
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
21
-
38
-
pensions

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

19
-
33
-
health
10
-
17
-
total
52
-
92
-
Employer
213
-
376
-
pensions

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

24
-
41
-
health
15
-
26
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
42
-
73
-
Corporate
195
450
-
-
income
19
45
-
-
total
19
45
-
-
Dividends
175
405
-
-
withholding
9
20
-
-
total
9
20
-
-
Income
450
450
450
450
Total tax
122
65
165
182
After tax
328
385
285
268
Living cost
161
161
161
161
Free-cash
167
224
124
107

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
$80
-$25
-$22
-$115
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
-
-
-
468
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
947
947
947
-
income
103
88
104
-
social contributions
36
79
34
-
health
7
16
7
-
total
146
183
145
-
Employer
947
947
947
-
social contributions
36
79
34
-
health
8
18
8
-
total
44
97
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
190
280
187
85
After tax
260
170
263
365
Living cost
285
285
285
285
Free-cash
-25
-115
-22
80

Estimated living cost  is $285 per week

$171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-$34
-$159
-$136
-$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
-
-
-
468
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
947
947
947
-
income
99
88
104
-
social contributions
46
79
34
-
health
9
16
7
-
total
154
183
145
-
Employer
947
947
947
-
social contributions
46
79
34
-
health
10
18
8
-
total
56
97
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
210
280
187
85
After tax
240
170
263
365
Living cost
399
399
399
399
Free-cash
-159
-229
-136
-34

Estimated living cost  is $399 per week

$273
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
-$66
-$112
-$56
$24
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
-
-
-
61
social contributions
-
-
-
131
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
419
-
336
-
income
50
-
40
-
social contributions
27
-
22
-
health
57
-
45
-
solidarity contribution
-
-
-
-
total
134
-
107
-
Employer
419
-
336
-
social contributions
105
-
84
-
health
38
-
30
-
total
143
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
277
141
221
231
After tax
173
309
229
219
Living cost
285
285
285
285
Free-cash
-112
24
-56
-66

Estimated living cost  is $285 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
-$132
-$243
-$122
-$42
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
-
-
-
61
social contributions
-
-
-
131
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
517
-
336
-
income
62
-
40
-
social contributions
34
-
22
-
health
70
-
45
-
solidarity contribution
-
-
-
-
total
166
-
107
-
Employer
517
-
336
-
social contributions
129
-
84
-
health
47
-
30
-
total
176
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
342
141
221
231
After tax
108
309
229
219
Living cost
351
351
351
351
Free-cash
-243
-42
-122
-132

Estimated living cost  is $351 per week

$261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-$287
-$2240
-$2240
-$2240
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
national
-
-
-
36
pensions
-
-
-
11
municipal
-
-
-
60
labour market
-
-
-
35
total
-
-
-
142
Employee
2 509
2 509
2 509
-
municipal
534
534
534
-
national
307
307
307
-
pensions
4
4
4
-
labour market
200
200
200
-
total
1 045
1 045
1 045
-
Employer
2 509
2 509
2 509
-
pensions
7
7
7
-
labour market
201
201
201
-
municipal
535
535
535
-
national
307
307
307
-
total
1 050
1 050
1 050
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
2 095
2 095
2 095
142
After tax
-1 645
-1 645
-1 645
308
Living cost
595
595
595
595
Free-cash
-2 240
-2 240
-2 240
-287

Estimated living cost  is $595 per week

$407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
-$27
-$17
-$10
$63
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
-
-
-
58
pensions
-
-
-
90
income
-
-
-
32
total
-
-
-
180
Employee
349
-
336
-
unemployment
6
-
5
-
income
39
-
37
-
pensions
7
-
7
-
total
52
-
49
-
Employer
349
-
336
-
pensions
70
-
67
-
health
45
-
44
-
unemployment
3
-
3
-
total
118
-
114
-
Corporate
-
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends
-
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
170
90
163
180
After tax
280
360
287
270
Living cost
297
297
297
297
Free-cash
-17
63
-10
-27

Estimated living cost  is $297 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
-$108
-$321
-$189
-$162
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
national
-
-
-
2
health
-
-
-
2
municipal
-
-
-
81
total
-
-
-
85
Employee
648
-
379
-
unemployment
10
-
6
-
municipal
106
-
62
-
national
11
-
-
-
pensions
44
-
26
-
health
5
-
1
-
total
176
-
95
-
Employer
648
-
379
-
pensions
112
-
66
-
health
5
-
3
-
accident
1
-
-
-
unemployment
4
-
2
-
total
122
-
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
298
139
166
85
After tax
152
311
284
365
Living cost
473
473
473
473
Free-cash
-321
-162
-189
-108

Estimated living cost  is $473 per week

$309
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
-$104
-$165
-$94
-$152
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
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
137
social contributions
-
-
-
13
income
-
-
-
7
other
-
-
-
14
total
-
-
-
175
Employee
470
-
343
-
income
24
-
9
-
surtax
-
-
-
-
social contributions
13
-
10
-
pensions
53
-
39
-
total
90
-
58
-
Employer
470
-
343
-
pensions
77
-
56
-
social contributions
1
-
1
-
other
16
-
12
-
health
33
-
24
-
unemployment
19
-
14
-
total
146
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
236
223
165
175
After tax
214
227
285
275
Living cost
379
379
379
379
Free-cash
-165
-152
-94
-104

Estimated living cost  is $379 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$146
-$242
-$136
-$194
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
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
137
social contributions
-
-
-
13
income
-
-
-
7
other
-
-
-
14
total
-
-
-
175
Employee
527
-
343
-
income
31
-
9
-
surtax
-
-
-
-
social contributions
15
-
10
-
pensions
60
-
39
-
total
106
-
58
-
Employer
527
-
343
-
pensions
87
-
56
-
social contributions
2
-
1
-
other
18
-
12
-
health
37
-
24
-
unemployment
21
-
14
-
total
165
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
271
223
165
175
After tax
179
227
285
275
Living cost
421
421
421
421
Free-cash
-242
-194
-136
-146

Estimated living cost  is $421 per week

$266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-$320
-$562
-$310
-$368
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
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
137
social contributions
-
-
-
13
income
-
-
-
7
other
-
-
-
14
total
-
-
-
175
Employee
771
-
343
-
income
67
-
9
-
surtax
-
-
-
-
social contributions
22
-
10
-
pensions
87
-
39
-
total
176
-
58
-
Employer
771
-
343
-
pensions
127
-
56
-
social contributions
2
-
1
-
other
27
-
12
-
health
54
-
24
-
unemployment
31
-
14
-
total
241
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
social contributions
-
56
-
-
surtax
-
-
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
417
223
165
175
After tax
33
227
285
275
Living cost
595
595
595
595
Free-cash
-562
-368
-310
-320

Estimated living cost  is $595 per week

$402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$367
$333
$281
$348
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.

-
-
-
4
total
-
-
-
4
Employee
99
-
450
-
income
20
-
90
-
total
20
-
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%.

351
450
-
-
total
-
-
-
-
Dividends
351
450
-
-
withholding
18
23
-
-
total
18
23
-
-
Income
450
450
450
450
Total tax
38
23
90
4
After tax
412
427
360
446
Living cost
79
79
79
79
Free-cash
333
348
281
367

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
$323
$281
$237
$304
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.

-
-
-
4
total
-
-
-
4
Employee
154
-
450
-
income
31
-
90
-
total
31
-
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%.

296
450
-
-
total
-
-
-
-
Dividends
296
450
-
-
withholding
15
23
-
-
total
15
23
-
-
Income
450
450
450
450
Total tax
46
23
90
4
After tax
404
427
360
446
Living cost
123
123
123
123
Free-cash
281
304
237
323

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
-$117
-$162
-$117
-$241
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
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.

-
-
-
8
trade
-
-
-
-
total
-
-
-
92
Employee

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

613
-
450
-
income

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

50
-
8
-
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
-
92
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
65
-
-
income
-
67
-
-
chamber of commerce
-
3
-
-
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
-
-
total
-
139
-
-
Dividends
-
312
-
-
withholding
-
73
-
-
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
-
-
total
-
77
-
-
Income
450
450
450
450
Total tax
137
216
92
92
After tax
313
234
358
358
Living cost
475
475
475
475
Free-cash
-162
-241
-117
-117

Estimated living cost  is $475 per week

$328
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
-$15
-$21
-$15
-$144
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
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.

-
-
-
8
trade
-
-
-
-
total
-
-
-
92
Employee

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

471
-
450
-
income

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

13
-
8
-
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
-
92
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
71
-
-
income
-
67
-
-
chamber of commerce
-
3
-
-
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
-
-
total
-
145
-
-
Dividends
-
305
-
-
withholding
-
72
-
-
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
-
-
total
-
76
-
-
Income
450
450
450
450
Total tax
98
221
92
92
After tax
352
229
358
358
Living cost
373
373
373
373
Free-cash
-21
-144
-15
-15

Estimated living cost  is $373 per week

$235
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
-$126
-$175
-$126
-$256
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
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.

-
-
-
8
trade
-
-
-
-
total
-
-
-
92
Employee

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

624
-
450
-
income

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

54
-
8
-
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
141
-
92
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
74
-
-
income
-
67
-
-
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.

-
4
-
-
total
-
147
-
-
Dividends
-
302
-
-
withholding
-
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
-
-
total
-
75
-
-
Income
450
450
450
450
Total tax
141
222
92
92
After tax
309
228
358
358
Living cost
484
484
484
484
Free-cash
-175
-256
-126
-126

Estimated living cost  is $484 per week

$323
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
-$206
-$290
-$206
-$338
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
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.

-
-
-
8
trade
-
-
-
-
total
-
-
-
92
Employee

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

740
-
450
-
income

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

87
-
8
-
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
-
92
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
77
-
-
income
-
67
-
-
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.

-
4
-
-
total
-
150
-
-
Dividends
-
299
-
-
withholding
-
70
-
-
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
-
-
total
-
74
-
-
Income
450
450
450
450
Total tax
176
224
92
92
After tax
274
226
358
358
Living cost
564
564
564
564
Free-cash
-290
-338
-206
-206

Estimated living cost  is $564 per week

$412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
-$17
-$52
-$28
$7
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
surtax
-
-
-
1
unemployment
-
-
-
3
health
-
-
-
32
pensions
-
-
-
90
income
-
-
-
65
other
-
-
-
-
total
-
-
-
191
Employee
415
-
372
-
unemployment
29
-
26
-
other
-
-
-
-
income
69
-
62
-
surtax
1
-
1
-
pensions
28
-
25
-
health
11
-
9
-
total
138
-
123
-
Employer
415
-
372
-
pensions
55
-
50
-
other
-
-
-
-
health
19
-
17
-
unemployment
13
-
12
-
total
87
-
79
-
Corporate
-
450
-
-
income
-
117
-
-
total
-
117
-
-
Dividends
-
333
-
-
withholding
-
50
-
-
total
-
50
-
-
Income
450
450
450
450
Total tax
225
167
202
191
After tax
225
283
248
259
Living cost
276
276
276
276
Free-cash
-52
7
-28
-17

Estimated living cost  is $276 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
-$13
-$42
-$24
$11
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
surtax
-
-
-
1
unemployment
-
-
-
3
health
-
-
-
32
pensions
-
-
-
90
income
-
-
-
65
other
-
-
-
-
total
-
-
-
191
Employee
407
-
372
-
unemployment
28
-
26
-
other
-
-
-
-
income
68
-
62
-
surtax
1
-
1
-
pensions
27
-
25
-
health
10
-
9
-
total
134
-
123
-
Employer
407
-
372
-
pensions
54
-
50
-
other
-
-
-
-
health
19
-
17
-
unemployment
13
-
12
-
total
86
-
79
-
Corporate
-
450
-
-
income
-
117
-
-
total
-
117
-
-
Dividends
-
333
-
-
withholding
-
50
-
-
total
-
50
-
-
Income
450
450
450
450
Total tax
220
167
202
191
After tax
230
283
248
259
Living cost
272
272
272
272
Free-cash
-42
11
-24
-13

Estimated living cost  is $272 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
$65
$17
$15
$11
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.

356
142
377
-
unemployment
5
2
6
-
income
43
17
46
-
pensions
36
14
38
-
health
25
10
26
-
total
109
43
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.

356
142
377
-
pensions
69
28
73
-
total
69
28
73
-
Corporate
25
281
-
-
income
2
25
-
-
total
2
25
-
-
Dividends
23
256
-
-
withholding
4
49
-
-
social contributions
3
48
-
-
total
7
97
-
-
Income
450
450
450
450
Total tax
187
193
189
139
After tax
263
257
261
311
Living cost
246
246
246
246
Free-cash
17
11
15
65

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
-$302
-$558
-$298
-$315
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
national
-
-
-
59
pensions
-
-
-
54
social contributions
-
-
-
5
municipal
-
-
-
38
total
-
-
-
156
Employee
924
-
389
-
municipal
114
-
40
-
national
177
-
61
-
pensions
37
-
16
-
total
328
-
117
-
Employer
924
-
389
-
pensions
74
-
31
-
social contributions
10
-
4
-
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
-$319
-$513
-$319
-$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
-
-
-
450
social contributions
-
-
-
17
income
-
-
-
51
total
-
-
-
68
Employee
963
-
450
-
social contributions
80
-
17
-
income
182
-
51
-
total
262
-
68
-
Employer
963
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
income
-
56
-
-
total
-
56
-
-
Dividends
-
394
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
262
135
68
68
After tax
188
315
382
382
Living cost
701
701
701
701
Free-cash
-513
-386
-319
-319

Estimated living cost  is $701 per week

$533
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
-$269
-$644
-$296
-$279
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
national
-
-
-
77
regional
-
-
-
4
social contributions
-
-
-
116
municipal
-
-
-
3
total
-
-
-
200
Employee
1 094
-
450
-
municipal
6
-
2
-
national
190
-
69
-
social contributions
369
-
152
-
regional
10
-
4
-
total
575
-
227
-
Employer
1 094
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
18
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
84
-
-
total
-
84
-
-
Income
450
450
450
450
Total tax
575
210
227
200
After tax
-125
240
223
250
Living cost
519
519
519
519
Free-cash
-644
-279
-296
-269

Estimated living cost  is $519 per week

$362
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
-$85
-$233
-$111
-$95
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
national
-
-
-
77
regional
-
-
-
7
social contributions
-
-
-
116
municipal
-
-
-
3
total
-
-
-
203
Employee
683
-
450
-
municipal
4
-
2
-
national
108
-
69
-
social contributions
230
-
152
-
regional
9
-
6
-
total
351
-
229
-
Employer
683
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
351
213
229
203
After tax
99
237
221
247
Living cost
332
332
332
332
Free-cash
-233
-95
-111
-85

Estimated living cost  is $332 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source