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
$ 500
per

Your estimated
City
free-cash

Andorra , Andorra
$22
$40
$37
$82
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
-
-
-
500
social contributions
-
-
-
110
income
-
-
-
-
total
-
-
-
110
Employee
394
-
433
-
social contributions
26
-
28
-
income
-
-
-
-
total
26
-
28
-
Employer
394
-
433
-
social contributions
61
-
67
-
total
61
-
67
-
Corporate
45
500
-
-
income
5
50
-
-
total
5
50
-
-
Dividends
41
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
92
50
95
110
After tax
408
450
405
390
Living cost
368
368
368
368
Free-cash
40
82
37
22

Estimated living cost  is $368 per week

$238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
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
-$109
-$201
-$202
-$168
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
-
-
-
500
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
38
chamber of commerce
-
-
-
2
pensions
-
-
-
93
income
-
-
-
10
total
-
-
-
218
Employee
535
488
488
-
unemployment
16
15
11
-
other
5
5
4
-
income
48
36
41
-
pensions
55
50
39
-
health
21
19
15
-
total
145
125
110
-
Employer
535
488
488
-
pensions
67
61
48
-
surtax
-
-
-
-
payroll
16
15
15
-
other
25
23
22
-
health
20
18
14
-
accident
7
6
5
-
unemployment
16
15
11
-
chamber of commerce
2
2
2
-
total
153
140
117
-
Corporate
46
46
336
-
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
84
-
total
12
12
84
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
310
277
311
218
After tax
190
223
189
282
Living cost
391
391
391
391
Free-cash
-201
-168
-202
-109

Estimated living cost  is $391 per week

$234
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.
$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

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
-$151
-$301
-$243
-$210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
38
chamber of commerce
-
-
-
2
pensions
-
-
-
93
income
-
-
-
10
total
-
-
-
220
Employee
612
488
488
-
unemployment
18
15
11
-
other
6
5
4
-
income
70
36
41
-
pensions
63
50
39
-
health
24
19
15
-
total
181
125
110
-
Employer
612
488
488
-
pensions
77
61
48
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
22
-
health
23
18
14
-
accident
8
6
5
-
unemployment
18
15
11
-
chamber of commerce
2
2
2
-
total
177
142
119
-
Corporate
46
46
334
-
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
83
-
total
12
12
83
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
370
279
312
220
After tax
130
221
188
280
Living cost
431
431
431
431
Free-cash
-301
-210
-243
-151

Estimated living cost  is $431 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
-$151
-$631
-$217
-$163
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
-
-
-
500
national
-
-
-
138
communal

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

-
-
-
28
social contributions
-
-
-
39
total
-
-
-
205
Employee

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

876
-
387
-
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
269
-
88
-
communal

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

46
-
20
-
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
-
29
-
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
-
18
-
total
430
-
158
-
Employer

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

876
-
387
-
surtax
99
-
44
-
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
-
34
-
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
-
24
-
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
-
6
-
total
255
-
113
-
Corporate
-
500
-
-
income
-
100
-
-
surtax
-
2
-
-
total
-
102
-
-
Dividends
-
398
-
-
withholding

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

-
115
-
-
total
-
115
-
-
Income
500
500
500
500
Total tax
685
217
271
205
After tax
-185
283
229
295
Living cost
446
446
446
446
Free-cash
-631
-163
-217
-151

Estimated living cost  is $446 per week

$287
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
$101
$142
$104
$218
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
-
-
-
500
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
75
total
-
-
-
189
Employee
279
-
418
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
42
-
pensions

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

24
-
37
-
health
13
-
19
-
total
68
-
103
-
Employer
279
-
418
-
pensions

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

31
-
46
-
health
19
-
29
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
83
-
Corporate
167
500
-
-
income
17
50
-
-
total
17
50
-
-
Dividends
150
450
-
-
withholding
8
22
-
-
total
8
22
-
-
Income
500
500
500
500
Total tax
148
72
186
189
After tax
352
428
314
311
Living cost
210
210
210
210
Free-cash
142
218
104
101

Estimated living cost  is $210 per week

$139
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
$151
$211
$154
$268
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
-
-
-
500
unemployment
-
-
-
2
health
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
75
total
-
-
-
189
Employee
212
-
418
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
42
-
pensions

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

19
-
37
-
health
10
-
19
-
total
52
-
103
-
Employer
212
-
418
-
pensions

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

23
-
46
-
health
15
-
29
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
41
-
83
-
Corporate
246
500
-
-
income
25
50
-
-
total
25
50
-
-
Dividends
221
450
-
-
withholding
11
22
-
-
total
11
22
-
-
Income
500
500
500
500
Total tax
129
72
186
189
After tax
371
428
314
311
Living cost
160
160
160
160
Free-cash
211
268
154
151

Estimated living cost  is $160 per week

$94
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.
$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
$126
$21
$23
-$59
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
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
-
total
-
-
-
91
Employee
941
941
941
-
income
102
87
102
-
social contributions
36
78
38
-
health
7
16
8
-
total
145
181
148
-
Employer
941
941
941
-
social contributions
36
78
38
-
health
8
17
8
-
total
44
95
46
-
Corporate
28
-
-
-
income
3
-
-
-
total
3
-
-
-
Dividends
24
-
-
-
withholding
4
-
-
-
total
4
-
-
-
Income
500
500
500
500
Total tax
196
276
194
91
After tax
304
224
306
409
Living cost
283
283
283
283
Free-cash
21
-59
23
126

Estimated living cost  is $283 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$12
-$107
-$91
-$173
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
-
-
-
500
health
-
-
-
13
social contributions
-
-
-
78
income
-
-
-
-
total
-
-
-
91
Employee
941
941
941
-
income
99
87
102
-
social contributions
46
78
38
-
health
9
16
8
-
total
154
181
148
-
Employer
941
941
941
-
social contributions
46
78
38
-
health
10
17
8
-
total
56
95
46
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
210
276
194
91
After tax
290
224
306
409
Living cost
397
397
397
397
Free-cash
-107
-173
-91
12

Estimated living cost  is $397 per week

$271
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
-$39
-$57
-$29
$61
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
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
415
-
373
-
income
50
-
45
-
social contributions
27
-
24
-
health
56
-
50
-
solidarity contribution
-
-
-
-
total
133
-
119
-
Employer
415
-
373
-
social contributions
104
-
93
-
health
37
-
34
-
total
141
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
274
156
246
256
After tax
226
344
254
244
Living cost
283
283
283
283
Free-cash
-57
61
-29
-39

Estimated living cost  is $283 per week

$196
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
-$104
-$185
-$94
-$4
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
-
-
-
500
health
-
-
-
67
social contributions
-
-
-
146
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
512
-
373
-
income
61
-
45
-
social contributions
33
-
24
-
health
69
-
50
-
solidarity contribution
-
-
-
-
total
163
-
119
-
Employer
512
-
373
-
social contributions
128
-
93
-
health
46
-
34
-
total
174
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
337
156
246
256
After tax
163
344
254
244
Living cost
348
348
348
348
Free-cash
-185
-4
-94
-104

Estimated living cost  is $348 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-$254
-$2174
-$2174
-$2174
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
-
-
-
500
national
-
-
-
42
pensions
-
-
-
11
municipal
-
-
-
71
labour market
-
-
-
39
total
-
-
-
163
Employee
2 496
2 496
2 496
-
municipal
531
531
531
-
national
305
305
305
-
pensions
4
4
4
-
labour market
199
199
199
-
total
1 039
1 039
1 039
-
Employer
2 496
2 496
2 496
-
pensions
7
7
7
-
labour market
200
200
200
-
municipal
532
532
532
-
national
305
305
305
-
total
1 044
1 044
1 044
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
2 083
2 083
2 083
163
After tax
-1 583
-1 583
-1 583
337
Living cost
591
591
591
591
Free-cash
-2 174
-2 174
-2 174
-254

Estimated living cost  is $591 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$125
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
$0
$28
$17
$104
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
-
-
-
500
health
-
-
-
65
pensions
-
-
-
100
income
-
-
-
39
total
-
-
-
204
Employee
347
-
374
-
unemployment
6
-
6
-
income
39
-
47
-
pensions
7
-
7
-
total
52
-
60
-
Employer
347
-
374
-
pensions
69
-
75
-
health
45
-
49
-
unemployment
3
-
3
-
total
117
-
127
-
Corporate
35
500
-
-
income
7
100
-
-
total
7
100
-
-
Dividends
28
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
176
100
187
204
After tax
324
400
313
296
Living cost
296
296
296
296
Free-cash
28
104
17
-

Estimated living cost  is $296 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
-$68
-$266
-$153
-$124
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

-
-
-
500
national
-
-
-
5
health
-
-
-
3
municipal
-
-
-
90
total
-
-
-
98
Employee
644
-
421
-
unemployment
10
-
6
-
municipal
105
-
69
-
national
11
-
-
-
pensions
43
-
28
-
health
5
-
1
-
total
174
-
104
-
Employer
644
-
421
-
pensions
112
-
73
-
health
5
-
3
-
accident
1
-
-
-
unemployment
4
-
3
-
total
122
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
municipal
-
54
-
-
national
-
-
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
296
154
183
98
After tax
204
346
317
402
Living cost
470
470
470
470
Free-cash
-266
-124
-153
-68

Estimated living cost  is $470 per week

$307
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.
$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

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
-$71
-$113
-$64
-$125
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
149
social contributions
-
-
-
14
income
-
-
-
12
other
-
-
-
15
total
-
-
-
194
Employee
468
-
381
-
income
24
-
14
-
surtax
-
-
-
-
social contributions
13
-
11
-
pensions
53
-
43
-
total
90
-
68
-
Employer
468
-
381
-
pensions
77
-
63
-
social contributions
1
-
1
-
other
16
-
13
-
health
33
-
27
-
unemployment
19
-
15
-
total
146
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
236
248
187
194
After tax
264
252
313
306
Living cost
377
377
377
377
Free-cash
-113
-125
-64
-71

Estimated living cost  is $377 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$113
-$188
-$106
-$167
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
149
social contributions
-
-
-
14
income
-
-
-
12
other
-
-
-
15
total
-
-
-
194
Employee
524
-
381
-
income
31
-
14
-
surtax
-
-
-
-
social contributions
15
-
11
-
pensions
59
-
43
-
total
105
-
68
-
Employer
524
-
381
-
pensions
86
-
63
-
social contributions
2
-
1
-
other
18
-
13
-
health
37
-
27
-
unemployment
21
-
15
-
total
164
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
269
248
187
194
After tax
231
252
313
306
Living cost
419
419
419
419
Free-cash
-188
-167
-106
-113

Estimated living cost  is $419 per week

$264
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
-$285
-$506
-$278
-$339
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
-
-
-
500
surtax
-
-
-
-
health
-
-
-
4
pensions
-
-
-
149
social contributions
-
-
-
14
income
-
-
-
12
other
-
-
-
15
total
-
-
-
194
Employee
767
-
381
-
income
67
-
14
-
surtax
-
-
-
-
social contributions
22
-
11
-
pensions
87
-
43
-
total
176
-
68
-
Employer
767
-
381
-
pensions
126
-
63
-
social contributions
2
-
1
-
other
26
-
13
-
health
54
-
27
-
unemployment
31
-
15
-
total
239
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
social contributions
-
62
-
-
surtax
-
-
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
415
248
187
194
After tax
85
252
313
306
Living cost
591
591
591
591
Free-cash
-506
-339
-278
-285

Estimated living cost  is $591 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$416
$381
$321
$396
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%.

-
-
-
500
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
99
-
500
-
income
20
-
100
-
total
20
-
100
-
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%.

401
500
-
-
total
-
-
-
-
Dividends
401
500
-
-
withholding
20
25
-
-
total
20
25
-
-
Income
500
500
500
500
Total tax
40
25
100
5
After tax
460
475
400
495
Living cost
79
79
79
79
Free-cash
381
396
321
416

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
$372
$329
$277
$352
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%.

-
-
-
500
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
154
-
500
-
income
31
-
100
-
total
31
-
100
-
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
500
-
-
total
-
-
-
-
Dividends
346
500
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
500
500
500
500
Total tax
48
25
100
5
After tax
452
475
400
495
Living cost
123
123
123
123
Free-cash
329
352
277
372

Estimated living cost  is $123 per week

$84
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
-$79
-$110
-$79
-$214
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.

-
-
-
500
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
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.

-
-
-
21
trade
-
-
-
-
total
-
-
-
106
Employee

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

609
-
500
-
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
-
21
-
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
-
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
-
106
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
72
-
-
income
-
75
-
-
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
-
154
-
-
Dividends
-
346
-
-
withholding
-
82
-
-
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
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
137
241
106
106
After tax
363
259
394
394
Living cost
473
473
473
473
Free-cash
-110
-214
-79
-79

Estimated living cost  is $473 per week

$326
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
$23
$19
$23
-$116
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.

-
-
-
500
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
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.

-
-
-
21
trade
-
-
-
-
total
-
-
-
106
Employee

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

468
-
500
-
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
-
21
-
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
-
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
-
106
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32
500
-
-
trade
5
79
-
-
income
5
75
-
-
chamber of commerce
2
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
12
161
-
-
Dividends
20
340
-
-
withholding
-
80
-
-
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
-
84
-
-
Income
500
500
500
500
Total tax
110
245
106
106
After tax
390
255
394
394
Living cost
371
371
371
371
Free-cash
19
-116
23
23

Estimated living cost  is $371 per week

$233
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.
$87
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
-$87
-$121
-$87
-$228
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.

-
-
-
500
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
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.

-
-
-
21
trade
-
-
-
-
total
-
-
-
106
Employee

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

621
-
500
-
income

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

53
-
21
-
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
-
health

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

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

84
-
84
-
total
140
-
106
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
82
-
-
income
-
75
-
-
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
-
164
-
-
Dividends
-
336
-
-
withholding
-
79
-
-
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
-
83
-
-
Income
500
500
500
500
Total tax
140
247
106
106
After tax
360
253
394
394
Living cost
481
481
481
481
Free-cash
-121
-228
-87
-87

Estimated living cost  is $481 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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
-$167
-$237
-$167
-$311
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.

-
-
-
500
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
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.

-
-
-
21
trade
-
-
-
-
total
-
-
-
106
Employee

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

736
-
500
-
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
-
21
-
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
-
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
-
106
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
trade
-
86
-
-
income
-
75
-
-
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
-
168
-
-
Dividends
-
333
-
-
withholding
-
78
-
-
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
-
82
-
-
Income
500
500
500
500
Total tax
176
250
106
106
After tax
324
250
394
394
Living cost
561
561
561
561
Free-cash
-237
-311
-167
-167

Estimated living cost  is $561 per week

$410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
$13
$0
$0
$40
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
-
-
-
500
surtax
-
-
-
2
unemployment
-
-
-
3
health
-
-
-
35
pensions
-
-
-
100
income
-
-
-
72
other
-
-
-
-
total
-
-
-
212
Employee
412
-
413
-
unemployment
29
-
29
-
other
-
-
-
-
income
69
-
69
-
surtax
1
-
1
-
pensions
28
-
28
-
health
11
-
11
-
total
138
-
138
-
Employer
412
-
413
-
pensions
55
-
55
-
other
-
-
-
-
health
19
-
19
-
unemployment
13
-
13
-
total
87
-
87
-
Corporate
1
500
-
-
income
-
130
-
-
total
-
130
-
-
Dividends
1
370
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
500
500
500
500
Total tax
225
185
225
212
After tax
275
315
275
288
Living cost
275
275
275
275
Free-cash
-
40
-
13

Estimated living cost  is $275 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
$18
$7
$5
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
surtax
-
-
-
2
unemployment
-
-
-
3
health
-
-
-
35
pensions
-
-
-
100
income
-
-
-
72
other
-
-
-
-
total
-
-
-
212
Employee
405
-
413
-
unemployment
28
-
29
-
other
-
-
-
-
income
68
-
69
-
surtax
1
-
1
-
pensions
27
-
28
-
health
10
-
11
-
total
134
-
138
-
Employer
405
-
413
-
pensions
54
-
55
-
other
-
-
-
-
health
18
-
19
-
unemployment
13
-
13
-
total
85
-
87
-
Corporate
10
500
-
-
income
3
130
-
-
total
3
130
-
-
Dividends
7
370
-
-
withholding
1
55
-
-
total
1
55
-
-
Income
500
500
500
500
Total tax
223
185
225
212
After tax
277
315
275
288
Living cost
270
270
270
270
Free-cash
7
45
5
18

Estimated living cost  is $270 per week

$165
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
$104
$47
$47
$41
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
-
-
-
500
unemployment
-
-
-
7
health
-
-
-
35
pensions
-
-
-
50
income
-
-
-
61
total
-
-
-
153
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.

351
140
418
-
unemployment
5
2
6
-
income
43
17
51
-
pensions
35
14
42
-
health
25
10
29
-
total
108
43
128
-
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.

351
140
418
-
pensions
68
27
82
-
total
68
27
82
-
Corporate
81
333
-
-
income
7
30
-
-
total
7
30
-
-
Dividends
74
303
-
-
withholding
14
58
-
-
social contributions
13
58
-
-
total
27
116
-
-
Income
500
500
500
500
Total tax
210
216
210
153
After tax
290
284
290
347
Living cost
243
243
243
243
Free-cash
47
41
47
104

Estimated living cost  is $243 per week

$166
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.
$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
Reykjavik , Iceland
-$270
-$502
-$267
-$281
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
-
-
-
500
national
-
-
-
68
pensions
-
-
-
60
social contributions
-
-
-
5
municipal
-
-
-
44
total
-
-
-
177
Employee
919
-
432
-
municipal
113
-
46
-
national
176
-
71
-
pensions
37
-
17
-
total
326
-
134
-
Employer
919
-
432
-
pensions
73
-
35
-
social contributions
10
-
5
-
total
83
-
40
-
Corporate
-
500
-
-
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%.

-
100
-
-
total
-
100
-
-
Dividends
-
400
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
409
188
174
177
After tax
91
312
326
323
Living cost
593
593
593
593
Free-cash
-502
-281
-267
-270

Estimated living cost  is $593 per week

$403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-$288
-$458
-$288
-$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
-
-
-
500
social contributions
-
-
-
29
income
-
-
-
62
total
-
-
-
91
Employee
958
-
500
-
social contributions
80
-
29
-
income
181
-
62
-
total
261
-
91
-
Employer
958
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
437
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
261
151
91
91
After tax
239
349
409
409
Living cost
697
697
697
697
Free-cash
-458
-348
-288
-288

Estimated living cost  is $697 per week

$530
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.
$103
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
-$240
-$589
-$269
-$250
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
-
-
-
500
national
-
-
-
86
regional
-
-
-
5
social contributions
-
-
-
129
municipal
-
-
-
3
total
-
-
-
223
Employee
1 088
-
500
-
municipal
6
-
3
-
national
189
-
76
-
social contributions
367
-
169
-
regional
10
-
4
-
total
572
-
252
-
Employer
1 088
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
19
-
-
total
-
139
-
-
Dividends
-
361
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
572
233
252
223
After tax
-72
267
248
277
Living cost
517
517
517
517
Free-cash
-589
-250
-269
-240

Estimated living cost  is $517 per week

$360
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
-$56
-$180
-$85
-$67
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
-
-
-
500
national
-
-
-
86
regional
-
-
-
8
social contributions
-
-
-
129
municipal
-
-
-
3
total
-
-
-
226
Employee
679
-
500
-
municipal
4
-
3
-
national
108
-
76
-
social contributions
229
-
169
-
regional
9
-
7
-
total
350
-
255
-
Employer
679
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
25
-
-
total
-
145
-
-
Dividends
-
355
-
-
withholding
-
92
-
-
total
-
92
-
-
Income
500
500
500
500
Total tax
350
237
255
226
After tax
150
263
245
274
Living cost
330
330
330
330
Free-cash
-180
-67
-85
-56

Estimated living cost  is $330 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source