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
$ 650
per

Your estimated
City
free-cash

Andorra , Andorra
$139
$175
$158
$217
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
-
-
-
650
social contributions
-
-
-
143
income
-
-
-
-
total
-
-
-
143
Employee
393
-
563
-
social contributions
26
-
37
-
income
-
-
-
-
total
26
-
37
-
Employer
393
-
563
-
social contributions
61
-
87
-
total
61
-
87
-
Corporate
196
650
-
-
income
20
65
-
-
total
20
65
-
-
Dividends
176
585
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
107
65
124
143
After tax
543
585
526
507
Living cost
368
368
368
368
Free-cash
175
217
158
139

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
-$25
-$50
-$131
-$20
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
-
-
-
650
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
37
total
-
-
-
285
Employee
535
488
505
-
unemployment
16
15
15
-
other
5
5
5
-
income
48
36
39
-
pensions
55
50
52
-
health
21
19
20
-
total
145
125
131
-
Employer
535
488
505
-
pensions
67
61
63
-
surtax
-
-
-
-
payroll
16
15
15
-
other
25
23
24
-
health
20
18
19
-
accident
7
6
7
-
unemployment
16
15
15
-
chamber of commerce
2
2
2
-
total
153
140
145
-
Corporate
46
46
458
-
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
115
-
total
12
12
115
-
Dividends
-
10
-
-
withholding
-
3
-
-
total
-
3
-
-
Income
650
650
650
650
Total tax
310
280
391
285
After tax
340
370
259
365
Living cost
390
390
390
390
Free-cash
-50
-20
-131
-25

Estimated living cost  is $390 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
-$68
-$151
-$171
-$62
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
-
-
-
650
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
50
chamber of commerce
-
-
-
3
pensions
-
-
-
120
income
-
-
-
37
total
-
-
-
287
Employee
612
488
503
-
unemployment
18
15
15
-
other
6
5
5
-
income
70
36
39
-
pensions
63
50
51
-
health
24
19
19
-
total
181
125
129
-
Employer
612
488
503
-
pensions
77
61
63
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
24
-
health
23
18
19
-
accident
8
6
7
-
unemployment
18
15
15
-
chamber of commerce
2
2
2
-
total
177
142
147
-
Corporate
46
46
456
-
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
114
-
total
12
12
114
-
Dividends
-
8
-
-
withholding
-
2
-
-
total
-
2
-
-
Income
650
650
650
650
Total tax
370
281
390
287
After tax
280
369
260
363
Living cost
431
431
431
431
Free-cash
-151
-62
-171
-68

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
-$88
-$481
-$164
-$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
-
-
-
650
national
-
-
-
187
communal

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

-
-
-
35
social contributions
-
-
-
70
total
-
-
-
292
Employee

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

875
-
503
-
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
-
129
-
communal

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

46
-
26
-
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
-
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.

41
-
24
-
total
430
-
221
-
Employer

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

875
-
503
-
surtax
99
-
57
-
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
-
45
-
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
-
31
-
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
-
7
-
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
255
-
147
-
Corporate
-
650
-
-
income
-
130
-
-
surtax
-
3
-
-
total
-
133
-
-
Dividends
-
517
-
-
withholding

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

-
151
-
-
total
-
151
-
-
Income
650
650
650
650
Total tax
685
284
368
292
After tax
-35
366
282
358
Living cost
446
446
446
446
Free-cash
-481
-80
-164
-88

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
$228
$271
$237
$346
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
-
-
-
650
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
-
-
-
98
total
-
-
-
212
Employee
278
-
566
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
57
-
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
-
119
-
Employer
278
-
566
-
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
317
650
-
-
income
32
65
-
-
total
32
65
-
-
Dividends
285
585
-
-
withholding
14
29
-
-
total
14
29
-
-
Income
650
650
650
650
Total tax
169
94
203
212
After tax
481
556
447
438
Living cost
210
210
210
210
Free-cash
271
346
237
228

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
$278
$339
$287
$396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
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
-
-
-
98
total
-
-
-
212
Employee
212
-
566
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
57
-
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
-
119
-
Employer
212
-
566
-
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
396
650
-
-
income
40
65
-
-
total
40
65
-
-
Dividends
357
585
-
-
withholding
18
29
-
-
total
18
29
-
-
Income
650
650
650
650
Total tax
151
94
203
212
After tax
499
556
447
438
Living cost
160
160
160
160
Free-cash
339
396
287
278

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
$233
$130
$150
$91
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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
16
total
-
-
-
134
Employee
941
941
941
-
income
102
87
98
-
social contributions
36
78
49
-
health
7
16
10
-
total
145
181
157
-
Employer
941
941
941
-
social contributions
36
78
49
-
health
8
17
11
-
total
44
95
60
-
Corporate
178
-
-
-
income
22
-
-
-
total
22
-
-
-
Dividends
156
-
-
-
withholding
26
-
-
-
total
26
-
-
-
Income
650
650
650
650
Total tax
237
276
217
134
After tax
413
374
433
516
Living cost
283
283
283
283
Free-cash
130
91
150
233

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
$119
$32
$36
-$23
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
-
-
-
650
health
-
-
-
17
social contributions
-
-
-
101
income
-
-
-
16
total
-
-
-
134
Employee
941
941
941
-
income
99
87
98
-
social contributions
46
78
49
-
health
9
16
10
-
total
154
181
157
-
Employer
941
941
941
-
social contributions
46
78
49
-
health
10
17
11
-
total
56
95
60
-
Corporate
43
-
-
-
income
5
-
-
-
total
5
-
-
-
Dividends
38
-
-
-
withholding
6
-
-
-
total
6
-
-
-
Income
650
650
650
650
Total tax
221
276
217
134
After tax
429
374
433
516
Living cost
397
397
397
397
Free-cash
32
-23
36
119

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
$34
$65
$48
$165
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
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
415
-
485
-
income
50
-
58
-
social contributions
27
-
32
-
health
56
-
65
-
solidarity contribution
-
-
-
-
total
133
-
155
-
Employer
415
-
485
-
social contributions
104
-
121
-
health
37
-
44
-
total
141
-
165
-
Corporate
94
650
-
-
income
18
124
-
-
total
18
124
-
-
Dividends
76
526
-
-
withholding
11
79
-
-
total
11
79
-
-
Income
650
650
650
650
Total tax
303
203
320
334
After tax
347
447
330
316
Living cost
282
282
282
282
Free-cash
65
165
48
34

Estimated living cost  is $282 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
-$32
-$35
-$18
$99
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
-
-
-
650
health
-
-
-
88
social contributions
-
-
-
190
income
-
-
-
56
solidarity contribution
-
-
-
-
total
-
-
-
334
Employee
512
-
485
-
income
61
-
58
-
social contributions
33
-
32
-
health
69
-
65
-
solidarity contribution
-
-
-
-
total
163
-
155
-
Employer
512
-
485
-
social contributions
128
-
121
-
health
46
-
44
-
total
174
-
165
-
Corporate
-
650
-
-
income
-
124
-
-
total
-
124
-
-
Dividends
-
526
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
650
650
650
650
Total tax
337
203
320
334
After tax
313
447
330
316
Living cost
348
348
348
348
Free-cash
-35
99
-18
-32

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
-$166
-$2024
-$2024
-$2024
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
-
-
-
650
national
-
-
-
60
pensions
-
-
-
11
municipal
-
-
-
103
labour market
-
-
-
51
total
-
-
-
225
Employee
2 495
2 495
2 495
-
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
2 495
2 495
2 495
-
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
650
650
650
650
Total tax
2 083
2 083
2 083
225
After tax
-1 433
-1 433
-1 433
425
Living cost
591
591
591
591
Free-cash
-2 024
-2 024
-2 024
-166

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
$69
$148
$91
$224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
health
-
-
-
85
pensions
-
-
-
130
income
-
-
-
70
total
-
-
-
285
Employee
347
-
486
-
unemployment
6
-
8
-
income
39
-
81
-
pensions
7
-
10
-
total
52
-
99
-
Employer
347
-
486
-
pensions
69
-
97
-
health
45
-
63
-
unemployment
3
-
4
-
total
117
-
164
-
Corporate
186
650
-
-
income
37
130
-
-
total
37
130
-
-
Dividends
148
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
206
130
263
285
After tax
444
520
387
365
Living cost
296
296
296
296
Free-cash
148
224
91
69

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
$41
-$116
-$67
-$20
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

-
-
-
650
national
-
-
-
18
health
-
-
-
5
municipal
-
-
-
116
total
-
-
-
139
Employee
644
-
547
-
unemployment
10
-
8
-
municipal
105
-
90
-
national
11
-
5
-
pensions
43
-
37
-
health
5
-
3
-
total
174
-
143
-
Employer
644
-
547
-
pensions
112
-
95
-
health
5
-
4
-
accident
1
-
1
-
unemployment
4
-
4
-
total
122
-
104
-
Corporate
-
650
-
-
income
-
130
-
-
total
-
130
-
-
Dividends

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

-
390
-
-
municipal
-
70
-
-
national
-
-
-
-
total
-
70
-
-
Income
650
650
650
650
Total tax
296
200
247
139
After tax
354
450
403
511
Living cost
470
470
470
470
Free-cash
-116
-20
-67
41

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
$13
$19
$22
-$50
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
189
social contributions
-
-
-
19
income
-
-
-
26
other
-
-
-
20
total
-
-
-
260
Employee
467
-
495
-
income
24
-
27
-
surtax
-
-
-
-
social contributions
13
-
14
-
pensions
53
-
56
-
total
90
-
97
-
Employer
467
-
495
-
pensions
77
-
81
-
social contributions
1
-
1
-
other
16
-
17
-
health
33
-
35
-
unemployment
19
-
20
-
total
146
-
154
-
Corporate
37
650
-
-
income
10
182
-
-
surtax
-
-
-
-
total
10
182
-
-
Dividends
26
468
-
-
withholding
3
60
-
-
social contributions
5
81
-
-
surtax
-
-
-
-
total
8
141
-
-
Income
650
650
650
650
Total tax
254
323
251
260
After tax
396
327
399
390
Living cost
377
377
377
377
Free-cash
19
-50
22
13

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
-$29
-$38
-$20
-$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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
189
social contributions
-
-
-
19
income
-
-
-
26
other
-
-
-
20
total
-
-
-
260
Employee
524
-
495
-
income
31
-
27
-
surtax
-
-
-
-
social contributions
15
-
14
-
pensions
59
-
56
-
total
105
-
97
-
Employer
524
-
495
-
pensions
86
-
81
-
social contributions
2
-
1
-
other
18
-
17
-
health
37
-
35
-
unemployment
21
-
20
-
total
164
-
154
-
Corporate
-
650
-
-
income
-
182
-
-
surtax
-
-
-
-
total
-
182
-
-
Dividends
-
468
-
-
withholding
-
60
-
-
social contributions
-
81
-
-
surtax
-
-
-
-
total
-
141
-
-
Income
650
650
650
650
Total tax
269
323
251
260
After tax
381
327
399
390
Living cost
419
419
419
419
Free-cash
-38
-92
-20
-29

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
-$201
-$356
-$192
-$264
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
-
-
-
650
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
189
social contributions
-
-
-
19
income
-
-
-
26
other
-
-
-
20
total
-
-
-
260
Employee
766
-
495
-
income
67
-
27
-
surtax
-
-
-
-
social contributions
22
-
14
-
pensions
87
-
56
-
total
176
-
97
-
Employer
766
-
495
-
pensions
126
-
81
-
social contributions
2
-
1
-
other
26
-
17
-
health
54
-
35
-
unemployment
31
-
20
-
total
239
-
154
-
Corporate
-
650
-
-
income
-
182
-
-
surtax
-
-
-
-
total
-
182
-
-
Dividends
-
468
-
-
withholding
-
60
-
-
social contributions
-
81
-
-
surtax
-
-
-
-
total
-
141
-
-
Income
650
650
650
650
Total tax
415
323
251
260
After tax
235
327
399
390
Living cost
591
591
591
591
Free-cash
-356
-264
-192
-201

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
$565
$523
$440
$538
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%.

-
-
-
650
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
-
650
-
income
20
-
130
-
total
20
-
130
-
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%.

551
650
-
-
total
-
-
-
-
Dividends
551
650
-
-
withholding
28
33
-
-
total
28
33
-
-
Income
650
650
650
650
Total tax
48
33
130
6
After tax
602
617
520
644
Living cost
80
80
80
80
Free-cash
523
538
440
565

Estimated living cost  is $80 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
$520
$470
$396
$493
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%.

-
-
-
650
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
155
-
650
-
income
31
-
130
-
total
31
-
130
-
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%.

495
650
-
-
total
-
-
-
-
Dividends
495
650
-
-
withholding
25
33
-
-
total
25
33
-
-
Income
650
650
650
650
Total tax
56
33
130
6
After tax
594
617
520
644
Living cost
124
124
124
124
Free-cash
470
493
396
520

Estimated living cost  is $124 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
$17
$25
$29
-$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

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

-
-
-
650
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.

-
-
-
62
trade
-
-
-
12
total
-
-
-
161
Employee

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

609
-
650
-
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
-
62
-
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
-
149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41
650
-
-
trade
6
93
-
-
income
6
98
-
-
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.

-
5
-
-
total
14
199
-
-
Dividends
27
451
-
-
withholding
2
108
-
-
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.

-
6
-
-
total
2
114
-
-
Income
650
650
650
650
Total tax
153
313
149
161
After tax
497
337
501
489
Living cost
472
472
472
472
Free-cash
25
-135
29
17

Estimated living cost  is $472 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
$117
$94
$130
-$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

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

-
-
-
650
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.

-
-
-
62
trade
-
-
-
13
total
-
-
-
162
Employee

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

468
-
650
-
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
-
62
-
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
-
149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
182
650
-
-
trade
29
102
-
-
income
27
98
-
-
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.

2
5
-
-
total
60
208
-
-
Dividends
122
442
-
-
withholding
26
106
-
-
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
6
-
-
total
27
112
-
-
Income
650
650
650
650
Total tax
185
320
149
162
After tax
465
330
501
488
Living cost
371
371
371
371
Free-cash
94
-41
130
117

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
$7
$18
$20
-$155
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.

-
-
-
650
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.

-
-
-
62
trade
-
-
-
13
total
-
-
-
162
Employee

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

621
-
650
-
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
-
62
-
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
140
-
149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29
650
-
-
trade
5
107
-
-
income
4
98
-
-
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.

-
5
-
-
total
11
213
-
-
Dividends
18
437
-
-
withholding
-
105
-
-
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.

-
6
-
-
total
-
111
-
-
Income
650
650
650
650
Total tax
151
324
149
162
After tax
499
326
501
488
Living cost
481
481
481
481
Free-cash
18
-155
20
7

Estimated living cost  is $481 per week

$321
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
-$74
-$86
-$60
-$238
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.

-
-
-
650
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.

-
-
-
62
trade
-
-
-
14
total
-
-
-
163
Employee

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

735
-
650
-
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.

86
-
62
-
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
175
-
149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
650
-
-
trade
-
111
-
-
income
-
98
-
-
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
-
217
-
-
Dividends
-
433
-
-
withholding
-
104
-
-
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.

-
6
-
-
total
-
110
-
-
Income
650
650
650
650
Total tax
175
327
149
163
After tax
475
323
501
487
Living cost
561
561
561
561
Free-cash
-86
-238
-60
-74

Estimated living cost  is $561 per week

$409
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
$97
$95
$81
$134
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
-
-
-
650
surtax
-
-
-
4
unemployment
-
-
-
3
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
95
other
-
-
-
-
total
-
-
-
278
Employee
412
-
537
-
unemployment
29
-
37
-
other
-
-
-
-
income
69
-
90
-
surtax
1
-
4
-
pensions
27
-
36
-
health
11
-
14
-
total
137
-
181
-
Employer
412
-
537
-
pensions
55
-
72
-
other
-
-
-
-
health
19
-
24
-
unemployment
13
-
17
-
total
87
-
113
-
Corporate
151
650
-
-
income
39
169
-
-
total
39
169
-
-
Dividends
112
481
-
-
withholding
17
72
-
-
total
17
72
-
-
Income
650
650
650
650
Total tax
280
241
294
278
After tax
370
409
356
372
Living cost
275
275
275
275
Free-cash
95
134
81
97

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
$102
$101
$86
$139
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
-
-
-
650
surtax
-
-
-
4
unemployment
-
-
-
3
health
-
-
-
46
pensions
-
-
-
130
income
-
-
-
95
other
-
-
-
-
total
-
-
-
278
Employee
405
-
537
-
unemployment
28
-
37
-
other
-
-
-
-
income
68
-
90
-
surtax
1
-
4
-
pensions
27
-
36
-
health
10
-
14
-
total
134
-
181
-
Employer
405
-
537
-
pensions
54
-
72
-
other
-
-
-
-
health
18
-
24
-
unemployment
13
-
17
-
total
85
-
113
-
Corporate
160
650
-
-
income
42
169
-
-
total
42
169
-
-
Dividends
119
481
-
-
withholding
18
72
-
-
total
18
72
-
-
Income
650
650
650
650
Total tax
279
241
294
278
After tax
371
409
356
372
Living cost
270
270
270
270
Free-cash
101
139
86
102

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
$208
$131
$135
$126
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
-
-
-
650
unemployment
-
-
-
10
health
-
-
-
45
pensions
-
-
-
65
income
-
-
-
79
total
-
-
-
199
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
544
-
unemployment
5
2
8
-
income
43
17
66
-
pensions
35
14
54
-
health
25
10
38
-
total
108
43
166
-
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
544
-
pensions
68
27
106
-
total
68
27
106
-
Corporate
231
483
-
-
income
21
43
-
-
total
21
43
-
-
Dividends
210
440
-
-
withholding
40
84
-
-
social contributions
39
84
-
-
total
79
168
-
-
Income
650
650
650
650
Total tax
276
281
272
199
After tax
374
369
378
451
Living cost
243
243
243
243
Free-cash
131
126
135
208

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
-$184
-$352
-$179
-$187
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
-
-
-
650
national
-
-
-
95
pensions
-
-
-
78
social contributions
-
-
-
7
municipal
-
-
-
61
total
-
-
-
241
Employee
919
-
562
-
municipal
113
-
64
-
national
176
-
99
-
pensions
37
-
22
-
total
326
-
185
-
Employer
919
-
562
-
pensions
73
-
45
-
social contributions
10
-
6
-
total
83
-
51
-
Corporate
-
650
-
-
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%.

-
130
-
-
total
-
130
-
-
Dividends
-
520
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
409
244
236
241
After tax
241
406
414
409
Living cost
593
593
593
593
Free-cash
-352
-187
-179
-184

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
-$185
-$308
-$185
-$242
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
-
-
-
650
social contributions
-
-
-
46
income
-
-
-
92
total
-
-
-
138
Employee
957
-
650
-
social contributions
80
-
46
-
income
181
-
92
-
total
261
-
138
-
Employer
957
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
income
-
81
-
-
total
-
81
-
-
Dividends
-
569
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
261
195
138
138
After tax
389
455
512
512
Living cost
697
697
697
697
Free-cash
-308
-242
-185
-185

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
-$159
-$437
-$196
-$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
-
-
-
650
national
-
-
-
116
regional
-
-
-
6
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
293
Employee
1 087
-
650
-
municipal
6
-
3
-
national
188
-
102
-
social contributions
367
-
219
-
regional
10
-
6
-
total
571
-
330
-
Employer
1 087
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
25
-
-
total
-
181
-
-
Dividends
-
469
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
650
650
650
650
Total tax
571
303
330
293
After tax
79
347
320
357
Living cost
516
516
516
516
Free-cash
-437
-169
-196
-159

Estimated living cost  is $516 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
$23
-$30
-$13
$12
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
-
-
-
650
national
-
-
-
116
regional
-
-
-
10
social contributions
-
-
-
167
municipal
-
-
-
4
total
-
-
-
297
Employee
679
-
650
-
municipal
4
-
3
-
national
108
-
102
-
social contributions
229
-
219
-
regional
9
-
9
-
total
350
-
333
-
Employer
679
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
32
-
-
total
-
188
-
-
Dividends
-
462
-
-
withholding
-
120
-
-
total
-
120
-
-
Income
650
650
650
650
Total tax
350
308
333
297
After tax
300
342
317
353
Living cost
330
330
330
330
Free-cash
-30
12
-13
23

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