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
$ 550
per

Your estimated
City
free-cash

Andorra , Andorra
$61
$85
$77
$127
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
-
-
-
550
social contributions
-
-
-
121
income
-
-
-
-
total
-
-
-
121
Employee
394
-
476
-
social contributions
26
-
31
-
income
-
-
-
-
total
26
-
31
-
Employer
394
-
476
-
social contributions
61
-
74
-
total
61
-
74
-
Corporate
95
550
-
-
income
10
55
-
-
total
10
55
-
-
Dividends
86
495
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
97
55
105
121
After tax
453
495
445
429
Living cost
368
368
368
368
Free-cash
85
127
77
61

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
-$81
-$151
-$178
-$118
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
-
-
-
550
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
42
chamber of commerce
-
-
-
2
pensions
-
-
-
102
income
-
-
-
19
total
-
-
-
240
Employee
535
488
488
-
unemployment
16
15
13
-
other
5
5
4
-
income
48
36
39
-
pensions
55
50
43
-
health
21
19
16
-
total
145
125
115
-
Employer
535
488
488
-
pensions
67
61
53
-
surtax
-
-
-
-
payroll
16
15
15
-
other
25
23
23
-
health
20
18
16
-
accident
7
6
6
-
unemployment
16
15
13
-
chamber of commerce
2
2
2
-
total
153
140
128
-
Corporate
46
46
377
-
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
94
-
total
12
12
94
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
310
277
337
240
After tax
240
273
213
310
Living cost
391
391
391
391
Free-cash
-151
-118
-178
-81

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
-$123
-$251
-$219
-$160
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
-
-
-
550
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
42
chamber of commerce
-
-
-
2
pensions
-
-
-
102
income
-
-
-
19
total
-
-
-
242
Employee
612
488
488
-
unemployment
18
15
13
-
other
6
5
4
-
income
70
36
39
-
pensions
63
50
43
-
health
24
19
16
-
total
181
125
115
-
Employer
612
488
488
-
pensions
77
61
53
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
23
-
health
23
18
16
-
accident
8
6
5
-
unemployment
18
15
13
-
chamber of commerce
2
2
2
-
total
177
142
129
-
Corporate
46
46
375
-
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
94
-
total
12
12
94
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
370
279
338
242
After tax
180
271
212
308
Living cost
431
431
431
431
Free-cash
-251
-160
-219
-123

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
-$129
-$581
-$200
-$135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
national
-
-
-
154
communal

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

-
-
-
30
social contributions
-
-
-
49
total
-
-
-
233
Employee

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

876
-
426
-
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
-
4
-
national
269
-
102
-
communal

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

46
-
22
-
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
-
32
-
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
-
20
-
total
430
-
180
-
Employer

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

876
-
426
-
surtax
99
-
48
-
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
-
38
-
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
-
26
-
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
-
6
-
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
-
124
-
Corporate
-
550
-
-
income
-
110
-
-
surtax
-
2
-
-
total
-
112
-
-
Dividends
-
438
-
-
withholding

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

-
127
-
-
total
-
127
-
-
Income
550
550
550
550
Total tax
685
239
304
233
After tax
-135
311
246
317
Living cost
446
446
446
446
Free-cash
-581
-135
-200
-129

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
$144
$185
$147
$260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
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
-
-
-
82
total
-
-
-
196
Employee
278
-
466
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
47
-
pensions

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

24
-
37
-
health
13
-
20
-
total
68
-
109
-
Employer
278
-
466
-
pensions

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

31
-
47
-
health
19
-
29
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
84
-
Corporate
217
550
-
-
income
22
55
-
-
total
22
55
-
-
Dividends
195
495
-
-
withholding
10
25
-
-
total
10
25
-
-
Income
550
550
550
550
Total tax
155
80
193
196
After tax
395
470
357
354
Living cost
210
210
210
210
Free-cash
185
260
147
144

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
$194
$254
$197
$310
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
-
-
-
550
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
-
-
-
82
total
-
-
-
196
Employee
212
-
466
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
47
-
pensions

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

19
-
37
-
health
10
-
20
-
total
52
-
109
-
Employer
212
-
466
-
pensions

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

23
-
47
-
health
15
-
29
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
41
-
84
-
Corporate
296
550
-
-
income
30
55
-
-
total
30
55
-
-
Dividends
267
495
-
-
withholding
13
25
-
-
total
13
25
-
-
Income
550
550
550
550
Total tax
136
80
193
196
After tax
414
470
357
354
Living cost
160
160
160
160
Free-cash
254
310
197
194

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
$167
$56
$68
-$9
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
-
-
-
550
health
-
-
-
14
social contributions
-
-
-
86
income
-
-
-
-
total
-
-
-
100
Employee
941
941
941
-
income
102
87
100
-
social contributions
36
78
41
-
health
7
16
8
-
total
145
181
149
-
Employer
941
941
941
-
social contributions
36
78
41
-
health
8
17
9
-
total
44
95
50
-
Corporate
78
-
-
-
income
10
-
-
-
total
10
-
-
-
Dividends
68
-
-
-
withholding
12
-
-
-
total
12
-
-
-
Income
550
550
550
550
Total tax
211
276
199
100
After tax
339
274
351
450
Living cost
283
283
283
283
Free-cash
56
-9
68
167

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
$53
-$57
-$46
-$123
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
-
-
-
550
health
-
-
-
14
social contributions
-
-
-
86
income
-
-
-
-
total
-
-
-
100
Employee
941
941
941
-
income
99
87
100
-
social contributions
46
78
41
-
health
9
16
8
-
total
154
181
149
-
Employer
941
941
941
-
social contributions
46
78
41
-
health
10
17
9
-
total
56
95
50
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
210
276
199
100
After tax
340
274
351
450
Living cost
397
397
397
397
Free-cash
-57
-123
-46
53

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
-$15
-$7
-$4
$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
-
-
-
550
health
-
-
-
74
social contributions
-
-
-
161
income
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
282
Employee
415
-
410
-
income
50
-
49
-
social contributions
27
-
27
-
health
56
-
55
-
solidarity contribution
-
-
-
-
total
133
-
131
-
Employer
415
-
410
-
social contributions
104
-
103
-
health
37
-
37
-
total
141
-
140
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
274
172
271
282
After tax
276
378
279
268
Living cost
283
283
283
283
Free-cash
-7
95
-4
-15

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
-$80
-$135
-$69
$30
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
health
-
-
-
74
social contributions
-
-
-
161
income
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
282
Employee
512
-
410
-
income
61
-
49
-
social contributions
33
-
27
-
health
69
-
55
-
solidarity contribution
-
-
-
-
total
163
-
131
-
Employer
512
-
410
-
social contributions
128
-
103
-
health
46
-
37
-
total
174
-
140
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
337
172
271
282
After tax
213
378
279
268
Living cost
348
348
348
348
Free-cash
-135
30
-69
-80

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
-$224
-$2124
-$2124
-$2124
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
-
-
-
550
national
-
-
-
48
pensions
-
-
-
11
municipal
-
-
-
81
labour market
-
-
-
43
total
-
-
-
183
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
550
550
550
550
Total tax
2 083
2 083
2 083
183
After tax
-1 533
-1 533
-1 533
367
Living cost
591
591
591
591
Free-cash
-2 124
-2 124
-2 124
-224

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
$22
$68
$43
$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
-
-
-
550
health
-
-
-
72
pensions
-
-
-
110
income
-
-
-
50
total
-
-
-
232
Employee
347
-
411
-
unemployment
6
-
7
-
income
39
-
58
-
pensions
7
-
8
-
total
52
-
73
-
Employer
347
-
411
-
pensions
69
-
82
-
health
45
-
53
-
unemployment
3
-
3
-
total
117
-
138
-
Corporate
85
550
-
-
income
17
110
-
-
total
17
110
-
-
Dividends
68
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
186
110
211
232
After tax
364
440
339
318
Living cost
296
296
296
296
Free-cash
68
144
43
22

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
-$29
-$216
-$124
-$89
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

-
-
-
550
national
-
-
-
8
health
-
-
-
3
municipal
-
-
-
98
total
-
-
-
109
Employee
644
-
463
-
unemployment
10
-
7
-
municipal
105
-
76
-
national
11
-
1
-
pensions
43
-
31
-
health
5
-
2
-
total
174
-
117
-
Employer
644
-
463
-
pensions
112
-
80
-
health
5
-
4
-
accident
1
-
-
-
unemployment
4
-
3
-
total
122
-
87
-
Corporate
-
550
-
-
income
-
110
-
-
total
-
110
-
-
Dividends

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

-
330
-
-
municipal
-
59
-
-
national
-
-
-
-
total
-
59
-
-
Income
550
550
550
550
Total tax
296
169
204
109
After tax
254
381
346
441
Living cost
470
470
470
470
Free-cash
-216
-89
-124
-29

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
-$44
-$63
-$34
-$100
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
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
162
social contributions
-
-
-
16
income
-
-
-
17
other
-
-
-
17
total
-
-
-
217
Employee
468
-
419
-
income
24
-
18
-
surtax
-
-
-
-
social contributions
13
-
12
-
pensions
53
-
47
-
total
90
-
77
-
Employer
468
-
419
-
pensions
77
-
69
-
social contributions
1
-
1
-
other
16
-
14
-
health
33
-
29
-
unemployment
19
-
17
-
total
146
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
social contributions
-
68
-
-
surtax
-
-
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
236
273
207
217
After tax
314
277
343
333
Living cost
377
377
377
377
Free-cash
-63
-100
-34
-44

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
-$86
-$138
-$76
-$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
162
social contributions
-
-
-
16
income
-
-
-
17
other
-
-
-
17
total
-
-
-
217
Employee
524
-
419
-
income
31
-
18
-
surtax
-
-
-
-
social contributions
15
-
12
-
pensions
59
-
47
-
total
105
-
77
-
Employer
524
-
419
-
pensions
86
-
69
-
social contributions
2
-
1
-
other
18
-
14
-
health
37
-
29
-
unemployment
21
-
17
-
total
164
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
social contributions
-
68
-
-
surtax
-
-
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
269
273
207
217
After tax
281
277
343
333
Living cost
419
419
419
419
Free-cash
-138
-142
-76
-86

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
-$258
-$456
-$248
-$314
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
-
-
-
550
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
162
social contributions
-
-
-
16
income
-
-
-
17
other
-
-
-
17
total
-
-
-
217
Employee
767
-
419
-
income
67
-
18
-
surtax
-
-
-
-
social contributions
22
-
12
-
pensions
87
-
47
-
total
176
-
77
-
Employer
767
-
419
-
pensions
126
-
69
-
social contributions
2
-
1
-
other
26
-
14
-
health
54
-
29
-
unemployment
31
-
17
-
total
239
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
social contributions
-
68
-
-
surtax
-
-
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
415
273
207
217
After tax
135
277
343
333
Living cost
591
591
591
591
Free-cash
-456
-314
-248
-258

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
$465
$428
$361
$443
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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
99
-
550
-
income
20
-
110
-
total
20
-
110
-
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%.

451
550
-
-
total
-
-
-
-
Dividends
451
550
-
-
withholding
23
28
-
-
total
23
28
-
-
Income
550
550
550
550
Total tax
43
28
110
6
After tax
507
522
440
544
Living cost
79
79
79
79
Free-cash
428
443
361
465

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
$421
$376
$317
$399
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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
154
-
550
-
income
31
-
110
-
total
31
-
110
-
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%.

396
550
-
-
total
-
-
-
-
Dividends
396
550
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
550
550
550
550
Total tax
51
28
110
6
After tax
499
522
440
544
Living cost
123
123
123
123
Free-cash
376
399
317
421

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
-$43
-$60
-$43
-$188
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.

-
-
-
550
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.

-
-
-
2
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.

-
-
-
34
trade
-
-
-
-
total
-
-
-
120
Employee

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

609
-
550
-
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
-
34
-
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
-
2
-
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
-
120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
trade
-
79
-
-
income
-
82
-
-
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.

-
5
-
-
total
-
169
-
-
Dividends
-
381
-
-
withholding
-
91
-
-
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
-
96
-
-
Income
550
550
550
550
Total tax
137
265
120
120
After tax
413
285
430
430
Living cost
473
473
473
473
Free-cash
-60
-188
-43
-43

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
$59
$44
$59
-$92
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.

-
-
-
550
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.

-
-
-
2
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.

-
-
-
34
trade
-
-
-
-
total
-
-
-
120
Employee

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

468
-
550
-
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
-
34
-
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
-
2
-
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
-
120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82
550
-
-
trade
13
87
-
-
income
12
82
-
-
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.

1
5
-
-
total
28
177
-
-
Dividends
54
374
-
-
withholding
9
89
-
-
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
9
94
-
-
Income
550
550
550
550
Total tax
135
271
120
120
After tax
415
279
430
430
Living cost
371
371
371
371
Free-cash
44
-92
59
59

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
-$51
-$71
-$51
-$204
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.

-
-
-
550
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.

-
-
-
2
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.

-
-
-
34
trade
-
-
-
-
total
-
-
-
120
Employee

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

621
-
550
-
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
-
34
-
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
-
2
-
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
-
120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
trade
-
90
-
-
income
-
82
-
-
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.

-
5
-
-
total
-
180
-
-
Dividends
-
370
-
-
withholding
-
88
-
-
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
-
93
-
-
Income
550
550
550
550
Total tax
140
273
120
120
After tax
410
277
430
430
Living cost
481
481
481
481
Free-cash
-71
-204
-51
-51

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
-$131
-$187
-$131
-$287
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.

-
-
-
550
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.

-
-
-
2
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.

-
-
-
34
trade
-
-
-
-
total
-
-
-
120
Employee

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

736
-
550
-
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
-
34
-
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
-
2
-
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
-
120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
trade
-
94
-
-
income
-
82
-
-
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.

-
5
-
-
total
-
184
-
-
Dividends
-
366
-
-
withholding
-
87
-
-
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
-
92
-
-
Income
550
550
550
550
Total tax
176
276
120
120
After tax
374
274
430
430
Living cost
561
561
561
561
Free-cash
-187
-287
-131
-131

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
$40
$31
$27
$71
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
-
-
-
550
surtax
-
-
-
3
unemployment
-
-
-
3
health
-
-
-
39
pensions
-
-
-
110
income
-
-
-
80
other
-
-
-
-
total
-
-
-
235
Employee
412
-
454
-
unemployment
29
-
32
-
other
-
-
-
-
income
69
-
76
-
surtax
1
-
2
-
pensions
28
-
30
-
health
11
-
12
-
total
138
-
152
-
Employer
412
-
454
-
pensions
55
-
61
-
other
-
-
-
-
health
19
-
21
-
unemployment
13
-
14
-
total
87
-
96
-
Corporate
51
550
-
-
income
13
143
-
-
total
13
143
-
-
Dividends
38
407
-
-
withholding
6
61
-
-
total
6
61
-
-
Income
550
550
550
550
Total tax
244
204
248
235
After tax
306
346
302
315
Living cost
275
275
275
275
Free-cash
31
71
27
40

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
$45
$38
$32
$76
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
-
-
-
550
surtax
-
-
-
3
unemployment
-
-
-
3
health
-
-
-
39
pensions
-
-
-
110
income
-
-
-
80
other
-
-
-
-
total
-
-
-
235
Employee
405
-
454
-
unemployment
28
-
32
-
other
-
-
-
-
income
68
-
76
-
surtax
1
-
2
-
pensions
27
-
30
-
health
10
-
12
-
total
134
-
152
-
Employer
405
-
454
-
pensions
54
-
61
-
other
-
-
-
-
health
18
-
21
-
unemployment
13
-
14
-
total
85
-
96
-
Corporate
60
550
-
-
income
16
143
-
-
total
16
143
-
-
Dividends
44
407
-
-
withholding
7
61
-
-
total
7
61
-
-
Income
550
550
550
550
Total tax
242
204
248
235
After tax
308
346
302
315
Living cost
270
270
270
270
Free-cash
38
76
32
45

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
$138
$74
$76
$71
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
-
-
-
550
unemployment
-
-
-
8
health
-
-
-
39
pensions
-
-
-
55
income
-
-
-
67
total
-
-
-
169
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
460
-
unemployment
5
2
7
-
income
43
17
56
-
pensions
35
14
46
-
health
25
10
32
-
total
108
43
141
-
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
460
-
pensions
68
27
90
-
total
68
27
90
-
Corporate
131
383
-
-
income
12
34
-
-
total
12
34
-
-
Dividends
119
349
-
-
withholding
23
66
-
-
social contributions
22
66
-
-
total
45
132
-
-
Income
550
550
550
550
Total tax
233
236
231
169
After tax
317
314
319
381
Living cost
243
243
243
243
Free-cash
74
71
76
138

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
-$242
-$452
-$237
-$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
-
-
-
550
national
-
-
-
77
pensions
-
-
-
66
social contributions
-
-
-
6
municipal
-
-
-
50
total
-
-
-
199
Employee
919
-
475
-
municipal
113
-
52
-
national
176
-
80
-
pensions
37
-
19
-
total
326
-
151
-
Employer
919
-
475
-
pensions
73
-
38
-
social contributions
10
-
5
-
total
83
-
43
-
Corporate
-
550
-
-
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%.

-
110
-
-
total
-
110
-
-
Dividends
-
440
-
-
withholding
-
97
-
-
total
-
97
-
-
Income
550
550
550
550
Total tax
409
207
194
199
After tax
141
343
356
351
Living cost
593
593
593
593
Free-cash
-452
-250
-237
-242

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
-$254
-$408
-$254
-$312
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
-
-
-
550
social contributions
-
-
-
35
income
-
-
-
72
total
-
-
-
107
Employee
958
-
550
-
social contributions
80
-
35
-
income
181
-
72
-
total
261
-
107
-
Employer
958
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
income
-
69
-
-
total
-
69
-
-
Dividends
-
481
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
261
165
107
107
After tax
289
385
443
443
Living cost
697
697
697
697
Free-cash
-408
-312
-254
-254

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
-$212
-$539
-$244
-$223
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
-
-
-
550
national
-
-
-
96
regional
-
-
-
5
social contributions
-
-
-
141
municipal
-
-
-
3
total
-
-
-
245
Employee
1 088
-
550
-
municipal
6
-
3
-
national
189
-
84
-
social contributions
367
-
185
-
regional
10
-
5
-
total
572
-
277
-
Employer
1 088
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
21
-
-
total
-
153
-
-
Dividends
-
397
-
-
withholding
-
103
-
-
total
-
103
-
-
Income
550
550
550
550
Total tax
572
256
277
245
After tax
-22
294
273
305
Living cost
517
517
517
517
Free-cash
-539
-223
-244
-212

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
-$28
-$130
-$59
-$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
-
-
-
550
national
-
-
-
96
regional
-
-
-
8
social contributions
-
-
-
141
municipal
-
-
-
3
total
-
-
-
248
Employee
679
-
550
-
municipal
4
-
3
-
national
108
-
84
-
social contributions
229
-
185
-
regional
9
-
7
-
total
350
-
279
-
Employer
679
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
391
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
350
261
279
248
After tax
200
289
271
302
Living cost
330
330
330
330
Free-cash
-130
-41
-59
-28

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