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
$ 600
per

Your estimated
City
free-cash

Andorra , Andorra
$97
$128
$114
$169
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
-
-
-
600
social contributions
-
-
-
132
income
-
-
-
-
total
-
-
-
132
Employee
397
-
519
-
social contributions
26
-
34
-
income
-
-
-
-
total
26
-
34
-
Employer
397
-
519
-
social contributions
61
-
81
-
total
61
-
81
-
Corporate
142
600
-
-
income
14
60
-
-
total
14
60
-
-
Dividends
128
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
101
60
115
132
After tax
499
540
485
468
Living cost
371
371
371
371
Free-cash
128
169
114
97

Estimated living cost  is $371 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Graz , Austria
-$56
-$106
-$157
-$73
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
-
-
-
600
surtax
-
-
-
-
unemployment
-
-
-
76
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
27
total
-
-
-
262
Employee
539
492
492
-
unemployment
16
15
14
-
other
5
5
5
-
income
48
36
38
-
pensions
55
50
48
-
health
21
19
18
-
total
145
125
123
-
Employer
539
492
492
-
pensions
68
62
58
-
surtax
-
-
-
-
payroll
16
15
15
-
other
26
23
23
-
health
20
19
18
-
accident
7
6
6
-
unemployment
16
15
14
-
chamber of commerce
2
2
2
-
total
155
142
136
-
Corporate
47
47
417
-
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
104
-
total
12
12
104
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
312
279
363
262
After tax
288
321
237
338
Living cost
394
394
394
394
Free-cash
-106
-73
-157
-56

Estimated living cost  is $394 per week

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

Additional information

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

Vienna , Austria
-$99
-$205
-$198
-$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
-
-
-
600
surtax
-
-
-
2
unemployment
-
-
-
76
health
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
income
-
-
-
27
total
-
-
-
264
Employee
617
492
492
-
unemployment
18
15
14
-
other
6
5
5
-
income
70
36
38
-
pensions
63
50
47
-
health
24
19
18
-
total
181
125
122
-
Employer
617
492
492
-
pensions
77
62
58
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
23
-
health
23
19
17
-
accident
8
6
6
-
unemployment
18
15
14
-
chamber of commerce
2
2
2
-
total
177
144
137
-
Corporate
47
47
416
-
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
104
-
total
12
12
104
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
370
281
363
264
After tax
230
319
237
336
Living cost
435
435
435
435
Free-cash
-205
-116
-198
-99

Estimated living cost  is $435 per week

$290
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.
$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

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
-$111
-$538
-$186
-$111
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
-
-
-
600
national
-
-
-
170
communal

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

-
-
-
32
social contributions
-
-
-
59
total
-
-
-
261
Employee

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

883
-
465
-
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
271
-
115
-
communal

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

46
-
24
-
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
-
35
-
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
-
22
-
total
432
-
200
-
Employer

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

883
-
465
-
surtax
100
-
53
-
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
-
41
-
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
-
29
-
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
-
7
-
total
256
-
136
-
Corporate
-
600
-
-
income
-
120
-
-
surtax
-
2
-
-
total
-
122
-
-
Dividends
-
478
-
-
withholding

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

-
139
-
-
total
-
139
-
-
Income
600
600
600
600
Total tax
688
261
336
261
After tax
-88
339
264
339
Living cost
450
450
450
450
Free-cash
-538
-111
-186
-111

Estimated living cost  is $450 per week

$290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
$182
$226
$187
$301
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
-
-
-
600
unemployment
-
-
-
2
health
-
-
-
50
pensions

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

-
-
-
64
income
-
-
-
90
total
-
-
-
206
Employee
281
-
515
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
52
-
pensions

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

25
-
38
-
health
13
-
20
-
total
69
-
115
-
Employer
281
-
515
-
pensions

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

31
-
48
-
health
19
-
30
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
55
-
86
-
Corporate
264
600
-
-
income
26
60
-
-
total
26
60
-
-
Dividends
237
540
-
-
withholding
12
27
-
-
total
12
27
-
-
Income
600
600
600
600
Total tax
162
87
201
206
After tax
438
513
399
394
Living cost
212
212
212
212
Free-cash
226
301
187
182

Estimated living cost  is $212 per week

$140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
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
$232
$295
$237
$351
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
-
-
-
600
unemployment
-
-
-
2
health
-
-
-
50
pensions

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

-
-
-
64
income
-
-
-
90
total
-
-
-
206
Employee
214
-
515
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
52
-
pensions

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

19
-
38
-
health
10
-
20
-
total
52
-
115
-
Employer
214
-
515
-
pensions

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

24
-
48
-
health
15
-
30
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
42
-
86
-
Corporate
344
600
-
-
income
34
60
-
-
total
34
60
-
-
Dividends
309
540
-
-
withholding
15
27
-
-
total
15
27
-
-
Income
600
600
600
600
Total tax
143
87
201
206
After tax
457
513
399
394
Living cost
162
162
162
162
Free-cash
295
351
237
232

Estimated living cost  is $162 per week

$94
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
$198
$91
$105
$34
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
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
7
total
-
-
-
116
Employee
949
949
949
-
income
103
88
100
-
social contributions
36
79
45
-
health
7
16
9
-
total
146
183
154
-
Employer
949
949
949
-
social contributions
36
79
45
-
health
8
18
10
-
total
44
97
55
-
Corporate
124
-
-
-
income
15
-
-
-
total
15
-
-
-
Dividends
108
-
-
-
withholding
18
-
-
-
total
18
-
-
-
Income
600
600
600
600
Total tax
223
280
209
116
After tax
377
320
391
484
Living cost
286
286
286
286
Free-cash
91
34
105
198

Estimated living cost  is $286 per week

$171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$84
-$11
-$9
-$80
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
-
-
-
600
health
-
-
-
15
social contributions
-
-
-
94
income
-
-
-
7
total
-
-
-
116
Employee
949
949
949
-
income
100
88
100
-
social contributions
46
79
45
-
health
9
16
9
-
total
155
183
154
-
Employer
949
949
949
-
social contributions
46
79
45
-
health
10
18
10
-
total
56
97
55
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
211
280
209
116
After tax
389
320
391
484
Living cost
400
400
400
400
Free-cash
-11
-80
-9
84

Estimated living cost  is $400 per week

$274
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.
$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
Brno , Czech Republic
$6
$25
$19
$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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
421
-
448
-
income
51
-
54
-
social contributions
27
-
29
-
health
57
-
60
-
solidarity contribution
-
-
-
-
total
135
-
143
-
Employer
421
-
448
-
social contributions
105
-
112
-
health
38
-
40
-
total
143
-
152
-
Corporate
36
600
-
-
income
7
114
-
-
total
7
114
-
-
Dividends
29
486
-
-
withholding
4
73
-
-
total
4
73
-
-
Income
600
600
600
600
Total tax
289
187
295
308
After tax
311
413
305
292
Living cost
286
286
286
286
Free-cash
25
127
19
6

Estimated living cost  is $286 per week

$199
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
-$61
-$96
-$48
$60
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
-
-
-
600
health
-
-
-
81
social contributions
-
-
-
175
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
519
-
448
-
income
62
-
54
-
social contributions
34
-
29
-
health
70
-
60
-
solidarity contribution
-
-
-
-
total
166
-
143
-
Employer
519
-
448
-
social contributions
130
-
112
-
health
47
-
40
-
total
177
-
152
-
Corporate
-
600
-
-
income
-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
73
-
-
total
-
73
-
-
Income
600
600
600
600
Total tax
343
187
295
308
After tax
257
413
305
292
Living cost
353
353
353
353
Free-cash
-96
60
-48
-61

Estimated living cost  is $353 per week

$262
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-$200
-$2097
-$2097
-$2097
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
-
-
-
600
national
-
-
-
54
pensions
-
-
-
11
municipal
-
-
-
92
labour market
-
-
-
47
total
-
-
-
204
Employee
2 516
2 516
2 516
-
municipal
536
536
536
-
national
307
307
307
-
pensions
4
4
4
-
labour market
201
201
201
-
total
1 048
1 048
1 048
-
Employer
2 516
2 516
2 516
-
pensions
7
7
7
-
labour market
201
201
201
-
municipal
537
537
537
-
national
308
308
308
-
total
1 053
1 053
1 053
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
2 101
2 101
2 101
204
After tax
-1 501
-1 501
-1 501
396
Living cost
596
596
596
596
Free-cash
-2 097
-2 097
-2 097
-200

Estimated living cost  is $596 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
$44
$106
$65
$182
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
-
-
-
600
health
-
-
-
78
pensions
-
-
-
120
income
-
-
-
60
total
-
-
-
258
Employee
350
-
448
-
unemployment
6
-
7
-
income
39
-
69
-
pensions
7
-
9
-
total
52
-
85
-
Employer
350
-
448
-
pensions
70
-
90
-
health
45
-
58
-
unemployment
3
-
4
-
total
118
-
152
-
Corporate
132
600
-
-
income
26
120
-
-
total
26
120
-
-
Dividends
105
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
196
120
237
258
After tax
404
480
363
342
Living cost
298
298
298
298
Free-cash
106
182
65
44

Estimated living cost  is $298 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
$4
-$173
-$101
-$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

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

-
-
-
600
national
-
-
-
11
health
-
-
-
4
municipal
-
-
-
107
total
-
-
-
122
Employee
649
-
505
-
unemployment
10
-
8
-
municipal
106
-
83
-
national
11
-
3
-
pensions
44
-
34
-
health
5
-
3
-
total
176
-
131
-
Employer
649
-
505
-
pensions
113
-
88
-
health
5
-
4
-
accident
1
-
1
-
unemployment
4
-
3
-
total
123
-
96
-
Corporate
-
600
-
-
income
-
120
-
-
total
-
120
-
-
Dividends

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

-
360
-
-
municipal
-
65
-
-
national
-
-
-
-
total
-
65
-
-
Income
600
600
600
600
Total tax
299
185
227
122
After tax
301
415
373
478
Living cost
474
474
474
474
Free-cash
-173
-59
-101
4

Estimated living cost  is $474 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
-$18
-$16
-$11
-$77
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
176
social contributions
-
-
-
17
income
-
-
-
21
other
-
-
-
19
total
-
-
-
238
Employee
471
-
457
-
income
24
-
23
-
surtax
-
-
-
-
social contributions
13
-
13
-
pensions
53
-
52
-
total
90
-
88
-
Employer
471
-
457
-
pensions
77
-
75
-
social contributions
1
-
1
-
other
16
-
16
-
health
33
-
32
-
unemployment
19
-
19
-
total
146
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
236
297
231
238
After tax
364
303
369
362
Living cost
380
380
380
380
Free-cash
-16
-77
-11
-18

Estimated living cost  is $380 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-$60
-$93
-$53
-$119
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
176
social contributions
-
-
-
17
income
-
-
-
21
other
-
-
-
19
total
-
-
-
238
Employee
528
-
457
-
income
31
-
23
-
surtax
-
-
-
-
social contributions
15
-
13
-
pensions
60
-
52
-
total
106
-
88
-
Employer
528
-
457
-
pensions
87
-
75
-
social contributions
2
-
1
-
other
18
-
16
-
health
37
-
32
-
unemployment
21
-
19
-
total
165
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
271
297
231
238
After tax
329
303
369
362
Living cost
422
422
422
422
Free-cash
-93
-119
-53
-60

Estimated living cost  is $422 per week

$266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
-$234
-$413
-$227
-$293
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
-
-
-
600
surtax
-
-
-
-
health
-
-
-
5
pensions
-
-
-
176
social contributions
-
-
-
17
income
-
-
-
21
other
-
-
-
19
total
-
-
-
238
Employee
773
-
457
-
income
67
-
23
-
surtax
-
-
-
-
social contributions
22
-
13
-
pensions
87
-
52
-
total
176
-
88
-
Employer
773
-
457
-
pensions
127
-
75
-
social contributions
2
-
1
-
other
27
-
16
-
health
54
-
32
-
unemployment
31
-
19
-
total
241
-
143
-
Corporate
-
600
-
-
income
-
168
-
-
surtax
-
-
-
-
total
-
168
-
-
Dividends
-
432
-
-
withholding
-
55
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
417
297
231
238
After tax
183
303
369
362
Living cost
596
596
596
596
Free-cash
-413
-293
-227
-234

Estimated living cost  is $596 per week

$403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$136
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
$515
$476
$401
$491
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%.

-
-
-
600
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
-
600
-
income
20
-
120
-
total
20
-
120
-
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%.

501
600
-
-
total
-
-
-
-
Dividends
501
600
-
-
withholding
25
30
-
-
total
25
30
-
-
Income
600
600
600
600
Total tax
45
30
120
6
After tax
555
570
480
594
Living cost
79
79
79
79
Free-cash
476
491
401
515

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
$471
$424
$357
$447
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%.

-
-
-
600
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
-
600
-
income
31
-
120
-
total
31
-
120
-
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%.

446
600
-
-
total
-
-
-
-
Dividends
446
600
-
-
withholding
22
30
-
-
total
22
30
-
-
Income
600
600
600
600
Total tax
53
30
120
6
After tax
547
570
480
594
Living cost
123
123
123
123
Free-cash
424
447
357
471

Estimated living cost  is $123 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
-$14
-$13
-$10
-$164
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.

-
-
-
600
surtax

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

-
-
-
3
health

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

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

-
-
-
84
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.

-
-
-
47
trade
-
-
-
4
total
-
-
-
138
Employee

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

614
-
600
-
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
-
47
-
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
-
3
-
health

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

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

84
-
84
-
total
137
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
trade
-
86
-
-
income
-
90
-
-
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
-
416
-
-
withholding
-
99
-
-
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
-
104
-
-
Income
600
600
600
600
Total tax
137
288
134
138
After tax
463
312
466
462
Living cost
476
476
476
476
Free-cash
-13
-164
-10
-14

Estimated living cost  is $476 per week

$329
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.
$90
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
$88
$68
$92
-$69
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.

-
-
-
600
surtax

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

-
-
-
3
health

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

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

-
-
-
84
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.

-
-
-
47
trade
-
-
-
4
total
-
-
-
138
Employee

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

472
-
600
-
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
-
47
-
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
-
3
-
health

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

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

84
-
84
-
total
98
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
128
600
-
-
trade
20
95
-
-
income
19
90
-
-
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
42
193
-
-
Dividends
86
408
-
-
withholding
17
97
-
-
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
18
102
-
-
Income
600
600
600
600
Total tax
158
295
134
138
After tax
442
305
466
462
Living cost
374
374
374
374
Free-cash
68
-69
92
88

Estimated living cost  is $374 per week

$235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Hamburg , Germany
-$23
-$26
-$19
-$183
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.

-
-
-
600
surtax

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

-
-
-
3
health

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

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

-
-
-
84
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.

-
-
-
47
trade
-
-
-
4
total
-
-
-
138
Employee

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

626
-
600
-
income

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

54
-
47
-
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
-
3
-
health

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

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

84
-
84
-
total
141
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
trade
-
99
-
-
income
-
90
-
-
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
-
197
-
-
Dividends
-
404
-
-
withholding
-
96
-
-
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
-
101
-
-
Income
600
600
600
600
Total tax
141
298
134
138
After tax
459
302
466
462
Living cost
485
485
485
485
Free-cash
-26
-183
-19
-23

Estimated living cost  is $485 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Munich , Germany
-$104
-$141
-$99
-$266
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.

-
-
-
600
surtax

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

-
-
-
3
health

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

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

-
-
-
84
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.

-
-
-
47
trade
-
-
-
5
total
-
-
-
139
Employee

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

742
-
600
-
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
-
47
-
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
-
3
-
health

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

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

84
-
84
-
total
176
-
134
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
trade
-
103
-
-
income
-
90
-
-
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
-
201
-
-
Dividends
-
399
-
-
withholding
-
95
-
-
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
-
100
-
-
Income
600
600
600
600
Total tax
176
301
134
139
After tax
424
299
466
461
Living cost
565
565
565
565
Free-cash
-141
-266
-99
-104

Estimated living cost  is $565 per week

$413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Athens , Greece
$67
$61
$52
$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
-
-
-
600
surtax
-
-
-
3
unemployment
-
-
-
3
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
87
other
-
-
-
-
total
-
-
-
256
Employee
416
-
496
-
unemployment
29
-
34
-
other
-
-
-
-
income
70
-
83
-
surtax
1
-
3
-
pensions
28
-
33
-
health
11
-
13
-
total
139
-
166
-
Employer
416
-
496
-
pensions
55
-
66
-
other
-
-
-
-
health
19
-
23
-
unemployment
13
-
16
-
total
87
-
105
-
Corporate
97
600
-
-
income
25
156
-
-
total
25
156
-
-
Dividends
72
444
-
-
withholding
11
67
-
-
total
11
67
-
-
Income
600
600
600
600
Total tax
262
223
271
256
After tax
338
377
329
344
Living cost
277
277
277
277
Free-cash
61
100
52
67

Estimated living cost  is $277 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
$72
$68
$57
$105
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
-
-
-
600
surtax
-
-
-
3
unemployment
-
-
-
3
health
-
-
-
43
pensions
-
-
-
120
income
-
-
-
87
other
-
-
-
-
total
-
-
-
256
Employee
408
-
496
-
unemployment
28
-
34
-
other
-
-
-
-
income
68
-
83
-
surtax
1
-
3
-
pensions
27
-
33
-
health
10
-
13
-
total
134
-
166
-
Employer
408
-
496
-
pensions
54
-
66
-
other
-
-
-
-
health
19
-
23
-
unemployment
13
-
16
-
total
86
-
105
-
Corporate
106
600
-
-
income
28
156
-
-
total
28
156
-
-
Dividends
78
444
-
-
withholding
12
67
-
-
total
12
67
-
-
Income
600
600
600
600
Total tax
260
223
271
256
After tax
340
377
329
344
Living cost
272
272
272
272
Free-cash
68
105
57
72

Estimated living cost  is $272 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
$169
$98
$101
$94
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
-
-
-
600
unemployment
-
-
-
9
health
-
-
-
42
pensions
-
-
-
60
income
-
-
-
73
total
-
-
-
184
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.

357
142
502
-
unemployment
5
2
8
-
income
44
17
61
-
pensions
36
14
50
-
health
25
10
35
-
total
110
43
154
-
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.

357
142
502
-
pensions
70
28
98
-
total
70
28
98
-
Corporate
173
430
-
-
income
16
39
-
-
total
16
39
-
-
Dividends
158
392
-
-
withholding
30
74
-
-
social contributions
29
75
-
-
total
59
149
-
-
Income
600
600
600
600
Total tax
255
259
252
184
After tax
345
341
348
416
Living cost
247
247
247
247
Free-cash
98
94
101
169

Estimated living cost  is $247 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-$215
-$408
-$211
-$222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
national
-
-
-
86
pensions
-
-
-
72
social contributions
-
-
-
6
municipal
-
-
-
55
total
-
-
-
219
Employee
924
-
519
-
municipal
114
-
58
-
national
177
-
89
-
pensions
37
-
21
-
total
328
-
168
-
Employer
924
-
519
-
pensions
74
-
41
-
social contributions
10
-
6
-
total
84
-
47
-
Corporate
-
600
-
-
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%.

-
120
-
-
total
-
120
-
-
Dividends
-
480
-
-
withholding
-
106
-
-
total
-
106
-
-
Income
600
600
600
600
Total tax
412
226
215
219
After tax
188
374
385
381
Living cost
596
596
596
596
Free-cash
-408
-222
-211
-215

Estimated living cost  is $596 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-$224
-$365
-$224
-$283
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
-
-
-
600
social contributions
-
-
-
40
income
-
-
-
81
total
-
-
-
121
Employee
965
-
600
-
social contributions
80
-
40
-
income
182
-
81
-
total
262
-
121
-
Employer
965
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
262
180
121
121
After tax
338
420
479
479
Living cost
703
703
703
703
Free-cash
-365
-283
-224
-224

Estimated living cost  is $703 per week

$535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-$191
-$497
-$224
-$200
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
-
-
-
600
national
-
-
-
106
regional
-
-
-
6
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
270
Employee
1 097
-
600
-
municipal
6
-
3
-
national
190
-
93
-
social contributions
370
-
202
-
regional
10
-
5
-
total
576
-
303
-
Employer
1 097
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
576
279
303
270
After tax
24
321
297
330
Living cost
521
521
521
521
Free-cash
-497
-200
-224
-191

Estimated living cost  is $521 per week

$363
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.
$116
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
-$5
-$84
-$38
-$17
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
-
-
-
600
national
-
-
-
106
regional
-
-
-
9
social contributions
-
-
-
154
municipal
-
-
-
4
total
-
-
-
273
Employee
684
-
600
-
municipal
4
-
3
-
national
108
-
93
-
social contributions
231
-
202
-
regional
9
-
8
-
total
352
-
306
-
Employer
684
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
30
-
-
total
-
174
-
-
Dividends
-
426
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
600
600
600
600
Total tax
352
285
306
273
After tax
248
315
294
327
Living cost
332
332
332
332
Free-cash
-84
-17
-38
-5

Estimated living cost  is $332 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source