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
$ 750
per

Your estimated
City
free-cash

Andorra , Andorra
$320
$249
$228
$280
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
-
-
-
750
social contributions
-
-
-
165
income
-
-
-
2
total
-
-
-
167
Employee
379
-
649
-
social contributions
25
-
42
-
income
-
-
3
-
total
25
-
45
-
Employer
379
-
649
-
social contributions
59
-
101
-
total
59
-
101
-
Corporate
312
750
-
-
income
31
75
-
-
total
31
75
-
-
Dividends
281
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
115
75
146
167
After tax
635
675
604
583
Living cost
355
355
355
355
Free-cash
280
320
249
228

Estimated living cost  is $355 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
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.
$92
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
$52
-$99
$35
$46
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
-
-
-
750
chamber of commerce
-
-
-
3
unemployment
-
-
-
72
health
-
-
-
57
pensions
-
-
-
139
income
-
-
-
67
surtax
-
-
-
-
total
-
-
-
338
Employee
516
470
582
-
health
20
18
23
-
pensions
53
48
60
-
other
5
5
6
-
unemployment
15
14
17
-
income
46
35
65
-
total
139
120
171
-
Employer
516
470
582
-
pensions
65
59
73
-
accident
7
6
8
-
unemployment
15
14
17
-
surtax
-
-
-
-
payroll
15
14
17
-
chamber of commerce
2
2
2
-
health
20
18
22
-
other
25
22
28
-
total
149
135
167
-
Corporate
86
144
538
-
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.

21
36
134
-
total
21
36
134
-
Dividends
64
108
-
-
withholding
18
30
-
-
total
18
30
-
-
Income
750
750
750
750
Total tax
327
321
472
338
After tax
423
429
278
412
Living cost
377
377
377
377
Free-cash
46
52
-99
35

Estimated living cost  is $377 per week

$226
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.
$105
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
$13
-$137
-$6
-$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
-
-
-
750
chamber of commerce
-
-
-
3
unemployment
-
-
-
72
health
-
-
-
57
pensions
-
-
-
139
income
-
-
-
67
surtax
-
-
-
2
total
-
-
-
340
Employee
590
470
581
-
health
23
18
22
-
pensions
60
48
59
-
other
6
5
6
-
unemployment
18
14
17
-
income
67
35
64
-
total
174
120
168
-
Employer
590
470
581
-
pensions
74
59
73
-
accident
8
6
8
-
unemployment
18
14
17
-
surtax
2
2
2
-
payroll
18
14
17
-
chamber of commerce
2
2
2
-
health
22
18
22
-
other
28
22
28
-
total
172
137
169
-
Corporate
45
142
536
-
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.

11
35
134
-
total
11
35
134
-
Dividends
-
106
-
-
withholding
-
29
-
-
total
-
29
-
-
Income
750
750
750
750
Total tax
357
321
471
340
After tax
393
429
279
410
Living cost
416
416
416
416
Free-cash
-23
13
-137
-6

Estimated living cost  is $416 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
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

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
-$8
-$112
-$38
-$340
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
-
-
-
750
social contributions
-
-
-
94
communal

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

-
-
-
39
national
-
-
-
225
total
-
-
-
358
Employee

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

844
-
581
-
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.

40
-
27
-
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.

63
-
44
-
communal

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

44
-
30
-
national
260
-
157
-
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.

7
-
5
-
total
414
-
263
-
Employer

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

844
-
581
-
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
-
8
-
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.

12
-
8
-
surtax
96
-
66
-
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.

52
-
36
-
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.

75
-
51
-
total
246
-
169
-
Corporate
-
750
-
-
surtax
-
3
-
-
income
-
150
-
-
total
-
153
-
-
Dividends
-
597
-
-
withholding

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

-
175
-
-
total
-
175
-
-
Income
750
750
750
750
Total tax
660
328
432
358
After tax
90
422
318
392
Living cost
430
430
430
430
Free-cash
-340
-8
-112
-38

Estimated living cost  is $430 per week

$277
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.
$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
Sofia , Bulgaria
$438
$340
$324
$365
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
-
-
-
750
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
113
total
-
-
-
223
Employee
269
-
669
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
67
-
total
66
-
127
-
Employer
269
-
669
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
health
19
-
28
-
pensions

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

30
-
45
-
total
54
-
80
-
Corporate
429
750
-
-
income
43
75
-
-
total
43
75
-
-
Dividends
386
675
-
-
withholding
19
34
-
-
total
19
34
-
-
Income
750
750
750
750
Total tax
182
109
207
223
After tax
568
641
543
527
Living cost
203
203
203
203
Free-cash
365
438
340
324

Estimated living cost  is $203 per week

$134
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.
$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
Varna , Bulgaria
$486
$388
$372
$432
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
-
-
-
750
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
113
total
-
-
-
223
Employee
205
-
669
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
9
-
19
-
pensions

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

18
-
36
-
income
20
-
67
-
total
49
-
127
-
Employer
205
-
669
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
health
14
-
28
-
pensions

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

23
-
45
-
total
40
-
80
-
Corporate
505
750
-
-
income
51
75
-
-
total
51
75
-
-
Dividends
455
675
-
-
withholding
23
34
-
-
total
23
34
-
-
Income
750
750
750
750
Total tax
163
109
207
223
After tax
587
641
543
527
Living cost
155
155
155
155
Free-cash
432
486
388
372

Estimated living cost  is $155 per week

$90
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.
$49
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
$211
$247
$306
$214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
117
health
-
-
-
19
income
-
-
-
35
total
-
-
-
171
Employee
908
908
908
-
health
7
15
12
-
social contributions
34
75
57
-
income
99
84
91
-
total
140
174
160
-
Employer
908
908
908
-
social contributions
34
75
57
-
health
8
17
13
-
total
42
92
70
-
Corporate
295
-
-
-
income
37
-
-
-
total
37
-
-
-
Dividends
258
-
-
-
withholding
44
-
-
-
total
44
-
-
-
Income
750
750
750
750
Total tax
263
266
230
171
After tax
487
484
520
579
Living cost
273
273
273
273
Free-cash
214
211
247
306

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
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.
$77
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
$101
$137
$196
$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
-
-
-
750
social contributions
-
-
-
117
health
-
-
-
19
income
-
-
-
35
total
-
-
-
171
Employee
908
908
908
-
health
9
15
12
-
social contributions
44
75
57
-
income
95
84
91
-
total
148
174
160
-
Employer
908
908
908
-
social contributions
44
75
57
-
health
10
17
13
-
total
54
92
70
-
Corporate
165
-
-
-
income
21
-
-
-
total
21
-
-
-
Dividends
144
-
-
-
withholding
25
-
-
-
total
25
-
-
-
Income
750
750
750
750
Total tax
248
266
230
171
After tax
502
484
520
579
Living cost
383
383
383
383
Free-cash
119
101
137
196

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
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.
$85
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
$238
$103
$88
$138
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
-
-
-
750
social contributions
-
-
-
219
health
-
-
-
101
solidarity contribution
-
-
-
-
income
-
-
-
64
total
-
-
-
384
Employee
408
-
560
-
health
55
-
76
-
social contributions
27
-
36
-
solidarity contribution
-
-
-
-
income
49
-
67
-
total
131
-
179
-
Employer
408
-
560
-
social contributions
102
-
140
-
health
37
-
50
-
total
139
-
190
-
Corporate
203
750
-
-
income
39
143
-
-
total
39
143
-
-
Dividends
164
607
-
-
withholding
25
91
-
-
total
25
91
-
-
Income
750
750
750
750
Total tax
334
234
369
384
After tax
416
516
381
366
Living cost
278
278
278
278
Free-cash
138
238
103
88

Estimated living cost  is $278 per week

$193
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.
$60
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
$174
$39
$24
$53
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
-
-
-
750
social contributions
-
-
-
219
health
-
-
-
101
solidarity contribution
-
-
-
-
income
-
-
-
64
total
-
-
-
384
Employee
503
-
560
-
health
68
-
76
-
social contributions
33
-
36
-
solidarity contribution
-
-
-
-
income
60
-
67
-
total
161
-
179
-
Employer
503
-
560
-
social contributions
126
-
140
-
health
45
-
50
-
total
171
-
190
-
Corporate
76
750
-
-
income
14
143
-
-
total
14
143
-
-
Dividends
61
607
-
-
withholding
9
91
-
-
total
9
91
-
-
Income
750
750
750
750
Total tax
355
234
369
384
After tax
395
516
381
366
Living cost
342
342
342
342
Free-cash
53
174
39
24

Estimated living cost  is $342 per week

$255
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.
$63
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
-$1827
-$1827
-$87
-$1827
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
-
-
-
750
labour market
-
-
-
59
municipal
-
-
-
125
pensions
-
-
-
10
national
-
-
-
73
total
-
-
-
267
Employee
2 406
2 406
2 406
-
municipal
512
512
512
-
pensions
3
3
3
-
national
294
294
294
-
labour market
192
192
192
-
total
1 001
1 001
1 001
-
Employer
2 406
2 406
2 406
-
labour market
192
192
192
-
national
294
294
294
-
municipal
513
513
513
-
pensions
7
7
7
-
total
1 006
1 006
1 006
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
2 007
2 007
2 007
267
After tax
-1 257
-1 257
-1 257
483
Living cost
570
570
570
570
Free-cash
-1 827
-1 827
-1 827
-87

Estimated living cost  is $570 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
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.
$121
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
$315
$151
$124
$241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
health
-
-
-
97
pensions
-
-
-
150
income
-
-
-
94
total
-
-
-
341
Employee
335
-
561
-
pensions
7
-
11
-
unemployment
5
-
9
-
income
38
-
105
-
total
50
-
125
-
Employer
335
-
561
-
pensions
67
-
112
-
unemployment
3
-
4
-
health
44
-
73
-
total
114
-
189
-
Corporate
302
750
-
-
income
60
150
-
-
total
60
150
-
-
Dividends
242
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
224
150
314
341
After tax
526
600
436
409
Living cost
285
285
285
285
Free-cash
241
315
151
124

Estimated living cost  is $285 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
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.
$67
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
$63
$7
$118
$8
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

-
-
-
750
health
-
-
-
7
municipal
-
-
-
134
national
-
-
-
38
total
-
-
-
179
Employee
621
-
631
-
health
5
-
5
-
municipal
102
-
103
-
pensions
42
-
43
-
national
10
-
11
-
unemployment
9
-
9
-
total
168
-
171
-
Employer
621
-
631
-
accident
1
-
1
-
unemployment
4
-
4
-
health
5
-
5
-
pensions
108
-
109
-
total
118
-
119
-
Corporate
12
750
-
-
income
2
150
-
-
total
2
150
-
-
Dividends

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

7
450
-
-
municipal
1
81
-
-
national
-
3
-
-
total
1
84
-
-
Income
750
750
750
750
Total tax
289
234
290
179
After tax
461
516
460
571
Living cost
453
453
453
453
Free-cash
8
63
7
118

Estimated living cost  is $453 per week

$296
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.
$106
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
$14
$88
$85
$79
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
-
-
-
750
social contributions
-
-
-
21
health
-
-
-
6
pensions
-
-
-
214
other
-
-
-
23
income
-
-
-
37
surtax
-
-
-
-
total
-
-
-
301
Employee
451
-
572
-
income
23
-
38
-
social contributions
13
-
16
-
pensions
51
-
65
-
surtax
-
-
-
-
total
87
-
119
-
Employer
451
-
572
-
pensions
74
-
94
-
social contributions
1
-
2
-
unemployment
18
-
23
-
health
32
-
40
-
other
16
-
20
-
total
141
-
179
-
Corporate
158
750
-
-
surtax
-
-
-
-
income
44
210
-
-
total
44
210
-
-
Dividends
114
540
-
-
surtax
-
-
-
-
withholding
15
69
-
-
social contributions
20
93
-
-
total
35
162
-
-
Income
750
750
750
750
Total tax
307
372
298
301
After tax
443
378
452
449
Living cost
364
364
364
364
Free-cash
79
14
88
85

Estimated living cost  is $364 per week

$211
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.
$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
Nice , France
-$26
$48
$45
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
21
health
-
-
-
6
pensions
-
-
-
214
other
-
-
-
23
income
-
-
-
37
surtax
-
-
-
-
total
-
-
-
301
Employee
505
-
572
-
income
30
-
38
-
social contributions
14
-
16
-
pensions
57
-
65
-
surtax
-
-
-
-
total
101
-
119
-
Employer
505
-
572
-
pensions
83
-
94
-
social contributions
2
-
2
-
unemployment
20
-
23
-
health
35
-
40
-
other
17
-
20
-
total
157
-
179
-
Corporate
87
750
-
-
surtax
-
-
-
-
income
24
210
-
-
total
24
210
-
-
Dividends
63
540
-
-
surtax
-
-
-
-
withholding
8
69
-
-
social contributions
11
93
-
-
total
19
162
-
-
Income
750
750
750
750
Total tax
301
372
298
301
After tax
449
378
452
449
Living cost
404
404
404
404
Free-cash
45
-26
48
45

Estimated living cost  is $404 per week

$255
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.
$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
Paris , France
-$192
-$118
-$121
-$220
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
-
-
-
750
social contributions
-
-
-
21
health
-
-
-
6
pensions
-
-
-
214
other
-
-
-
23
income
-
-
-
37
surtax
-
-
-
-
total
-
-
-
301
Employee
739
-
572
-
income
64
-
38
-
social contributions
21
-
16
-
pensions
84
-
65
-
surtax
-
-
-
-
total
169
-
119
-
Employer
739
-
572
-
pensions
121
-
94
-
social contributions
2
-
2
-
unemployment
30
-
23
-
health
52
-
40
-
other
26
-
20
-
total
231
-
179
-
Corporate
-
750
-
-
surtax
-
-
-
-
income
-
210
-
-
total
-
210
-
-
Dividends
-
540
-
-
surtax
-
-
-
-
withholding
-
69
-
-
social contributions
-
93
-
-
total
-
162
-
-
Income
750
750
750
750
Total tax
400
372
298
301
After tax
350
378
452
449
Living cost
570
570
570
570
Free-cash
-220
-192
-118
-121

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
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.
$130
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
$629
$517
$659
$614
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%.

-
-
-
750
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
104
-
750
-
income
21
-
150
-
total
21
-
150
-
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%.

646
750
-
-
total
-
-
-
-
Dividends
646
750
-
-
withholding
32
38
-
-
total
32
38
-
-
Income
750
750
750
750
Total tax
53
38
150
8
After tax
697
712
600
742
Living cost
83
83
83
83
Free-cash
614
629
517
659

Estimated living cost  is $83 per week

$52
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.
$22
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
$582
$470
$612
$559
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%.

-
-
-
750
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
162
-
750
-
income
32
-
150
-
total
32
-
150
-
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%.

588
750
-
-
total
-
-
-
-
Dividends
588
750
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
750
750
750
750
Total tax
61
38
150
8
After tax
689
712
600
742
Living cost
130
130
130
130
Free-cash
559
582
470
612

Estimated living cost  is $130 per week

$88
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.
$32
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
-$69
$112
$83
$88
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.

-
-
-
750
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.

-
-
-
81
trade
-
-
-
29
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.

-
-
-
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
-
-
-
211
Employee

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

587
-
750
-
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.

81
-
81
-
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
-
5
-
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.

48
-
96
-
total
132
-
182
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
163
750
-
-
trade
23
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.

1
6
-
-
chamber of commerce
2
3
-
-
income
24
113
-
-
total
50
230
-
-
Dividends
112
521
-
-
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
7
-
-
withholding
23
126
-
-
total
24
133
-
-
Income
750
750
750
750
Total tax
206
363
182
211
After tax
544
387
568
539
Living cost
456
456
456
456
Free-cash
88
-69
112
83

Estimated living cost  is $456 per week

$314
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.
$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.
$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

Additional information

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

Dresden , Germany
$23
$211
$179
$153
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.

-
-
-
750
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.

-
-
-
81
trade
-
-
-
32
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.

-
-
-
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
-
-
-
214
Employee

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

451
-
750
-
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.

81
-
81
-
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
-
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
-
96
-
total
95
-
182
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
299
750
-
-
trade
47
118
-
-
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
6
-
-
chamber of commerce
2
3
-
-
income
45
113
-
-
total
96
240
-
-
Dividends
202
510
-
-
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
7
-
-
withholding
46
123
-
-
total
49
130
-
-
Income
750
750
750
750
Total tax
240
370
182
214
After tax
510
380
568
536
Living cost
358
358
358
358
Free-cash
153
23
211
179

Estimated living cost  is $358 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
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.
$84
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
-$88
$104
$71
$78
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.

-
-
-
750
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.

-
-
-
81
trade
-
-
-
33
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.

-
-
-
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
-
-
-
215
Employee

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

599
-
750
-
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.

81
-
81
-
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
-
5
-
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.

51
-
96
-
total
135
-
182
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
151
750
-
-
trade
25
123
-
-
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
-
-
chamber of commerce
2
3
-
-
income
23
113
-
-
total
51
245
-
-
Dividends
101
505
-
-
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
7
-
-
withholding
21
122
-
-
total
22
129
-
-
Income
750
750
750
750
Total tax
208
374
182
215
After tax
542
376
568
535
Living cost
464
464
464
464
Free-cash
78
-88
104
71

Estimated living cost  is $464 per week

$310
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.
$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.
$98
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
-$169
$27
-$8
$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

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

-
-
-
750
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.

-
-
-
81
trade
-
-
-
35
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.

-
-
-
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
-
-
-
217
Employee

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

709
-
750
-
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.

81
-
81
-
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
-
5
-
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.

83
-
96
-
total
169
-
182
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41
750
-
-
trade
7
129
-
-
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
-
-
chamber of commerce
2
3
-
-
income
6
113
-
-
total
15
251
-
-
Dividends
25
500
-
-
surtax

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

-
7
-
-
withholding
2
120
-
-
total
2
127
-
-
Income
750
750
750
750
Total tax
186
378
182
217
After tax
564
372
568
533
Living cost
541
541
541
541
Free-cash
23
-169
27
-8

Estimated living cost  is $541 per week

$395
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.
$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

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
$207
$136
$153
$168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
3
health
-
-
-
53
pensions
-
-
-
150
other
-
-
-
-
income
-
-
-
117
surtax
-
-
-
9
total
-
-
-
332
Employee
397
-
620
-
health
10
-
16
-
pensions
27
-
41
-
surtax
1
-
8
-
other
-
-
-
-
unemployment
28
-
43
-
income
67
-
110
-
total
133
-
218
-
Employer
397
-
620
-
pensions
53
-
83
-
unemployment
13
-
20
-
health
18
-
28
-
other
-
-
-
-
total
84
-
131
-
Corporate
269
750
-
-
income
70
195
-
-
total
70
195
-
-
Dividends
199
555
-
-
withholding
30
83
-
-
total
30
83
-
-
Income
750
750
750
750
Total tax
317
278
349
332
After tax
433
472
401
418
Living cost
265
265
265
265
Free-cash
168
207
136
153

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
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.
$76
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
$212
$141
$158
$176
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
-
-
-
750
unemployment
-
-
-
3
health
-
-
-
53
pensions
-
-
-
150
other
-
-
-
-
income
-
-
-
117
surtax
-
-
-
9
total
-
-
-
332
Employee
390
-
620
-
health
10
-
16
-
pensions
26
-
41
-
surtax
1
-
8
-
other
-
-
-
-
unemployment
27
-
43
-
income
65
-
110
-
total
129
-
218
-
Employer
390
-
620
-
pensions
52
-
83
-
unemployment
12
-
20
-
health
18
-
28
-
other
-
-
-
-
total
82
-
131
-
Corporate
278
750
-
-
income
72
195
-
-
total
72
195
-
-
Dividends
205
555
-
-
withholding
31
83
-
-
total
31
83
-
-
Income
750
750
750
750
Total tax
314
278
349
332
After tax
436
472
401
418
Living cost
260
260
260
260
Free-cash
176
212
141
158

Estimated living cost  is $260 per week

$159
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.
$71
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
$195
$204
$288
$198
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
-
-
-
750
unemployment
-
-
-
11
health
-
-
-
52
pensions
-
-
-
75
income
-
-
-
92
total
-
-
-
230
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.

334
133
628
-
health
23
9
44
-
pensions
33
13
63
-
unemployment
5
2
9
-
income
41
16
77
-
total
102
40
193
-
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.

334
133
628
-
pensions
65
26
122
-
total
65
26
122
-
Corporate
351
591
-
-
income
32
53
-
-
total
32
53
-
-
Dividends
319
538
-
-
withholding
61
102
-
-
social contributions
61
103
-
-
total
122
205
-
-
Income
750
750
750
750
Total tax
321
324
315
230
After tax
429
426
435
520
Living cost
232
232
232
232
Free-cash
198
195
204
288

Estimated living cost  is $232 per week

$158
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.
$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.
$50
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
-$128
-$124
-$130
-$258
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
-
-
-
750
social contributions
-
-
-
8
municipal
-
-
-
73
pensions
-
-
-
90
national
-
-
-
113
total
-
-
-
284
Employee
924
-
648
-
municipal
114
-
76
-
pensions
37
-
26
-
national
177
-
117
-
total
328
-
219
-
Employer
924
-
648
-
social contributions
10
-
7
-
pensions
74
-
52
-
total
84
-
59
-
Corporate
-
750
-
-
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%.

-
150
-
-
total
-
150
-
-
Dividends
-
600
-
-
withholding
-
132
-
-
total
-
132
-
-
Income
750
750
750
750
Total tax
412
282
278
284
After tax
338
468
472
466
Living cost
596
596
596
596
Free-cash
-258
-128
-124
-130

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
-$147
-$93
-$93
-$173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
58
income
-
-
-
113
total
-
-
-
171
Employee
923
-
750
-
social contributions
77
-
58
-
income
174
-
113
-
total
251
-
171
-
Employer
923
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
656
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
750
750
750
750
Total tax
251
225
171
171
After tax
499
525
579
579
Living cost
672
672
672
672
Free-cash
-173
-147
-93
-93

Estimated living cost  is $672 per week

$511
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.
$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.
$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

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
-$98
-$133
-$90
-$300
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
-
-
-
750
regional
-
-
-
8
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
137
total
-
-
-
342
Employee
1 049
-
750
-
regional
10
-
7
-
municipal
6
-
4
-
social contributions
354
-
253
-
national
182
-
121
-
total
552
-
385
-
Employer
1 049
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
nationa
-
180
-
-
municipal
-
29
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
552
350
385
342
After tax
198
400
365
408
Living cost
498
498
498
498
Free-cash
-300
-98
-133
-90

Estimated living cost  is $498 per week

$347
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.
$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
Naples , Italy
$76
$44
$87
$49
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
-
-
-
750
regional
-
-
-
11
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
137
total
-
-
-
345
Employee
655
-
750
-
regional
9
-
10
-
municipal
3
-
4
-
social contributions
221
-
253
-
national
104
-
121
-
total
337
-
388
-
Employer
655
-
750
-
total
-
-
-
-
Corporate
95
750
-
-
nationa
23
180
-
-
municipal
5
37
-
-
total
28
217
-
-
Dividends
68
533
-
-
withholding
18
139
-
-
total
18
139
-
-
Income
750
750
750
750
Total tax
383
356
388
345
After tax
367
394
362
405
Living cost
318
318
318
318
Free-cash
49
76
44
87

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
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.
$83
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