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
$216
$265
$237
$307
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
-
-
-
1
total
-
-
-
166
Employee
394
-
649
-
social contributions
26
-
42
-
income
-
-
2
-
total
26
-
44
-
Employer
394
-
649
-
social contributions
61
-
101
-
total
61
-
101
-
Corporate
295
750
-
-
income
30
75
-
-
total
30
75
-
-
Dividends
266
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
117
75
145
166
After tax
633
675
605
584
Living cost
368
368
368
368
Free-cash
265
307
237
216

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
$23
$33
-$109
$39
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
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
57
chamber of commerce
-
-
-
3
pensions
-
-
-
139
income
-
-
-
62
total
-
-
-
336
Employee
535
488
582
-
unemployment
16
15
17
-
other
5
5
6
-
income
48
36
61
-
pensions
55
50
60
-
health
21
19
23
-
total
145
125
167
-
Employer
535
488
582
-
pensions
67
61
73
-
surtax
-
-
-
-
payroll
16
15
17
-
other
25
23
28
-
health
20
18
22
-
accident
7
6
8
-
unemployment
16
15
17
-
chamber of commerce
2
2
2
-
total
153
140
167
-
Corporate
61
122
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.

15
30
134
-
total
15
30
134
-
Dividends
46
91
-
-
withholding
13
25
-
-
total
13
25
-
-
Income
750
750
750
750
Total tax
326
320
468
336
After tax
424
430
282
414
Living cost
391
391
391
391
Free-cash
33
39
-109
23

Estimated living cost  is $391 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
-$19
-$51
-$149
-$3
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
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
57
chamber of commerce
-
-
-
3
pensions
-
-
-
139
income
-
-
-
62
total
-
-
-
338
Employee
612
488
580
-
unemployment
18
15
17
-
other
6
5
6
-
income
70
36
61
-
pensions
63
50
59
-
health
24
19
22
-
total
181
125
165
-
Employer
612
488
580
-
pensions
77
61
73
-
surtax
2
2
2
-
payroll
18
15
17
-
other
29
23
28
-
health
23
18
22
-
accident
8
6
8
-
unemployment
18
15
17
-
chamber of commerce
2
2
2
-
total
177
142
169
-
Corporate
46
119
534
-
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
30
134
-
total
12
30
134
-
Dividends
-
90
-
-
withholding
-
25
-
-
total
-
25
-
-
Income
750
750
750
750
Total tax
370
322
468
338
After tax
380
428
282
412
Living cost
431
431
431
431
Free-cash
-51
-3
-149
-19

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
-$50
-$381
-$127
-$24
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
national
-
-
-
223
communal

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

-
-
-
40
social contributions
-
-
-
91
total
-
-
-
354
Employee

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

876
-
581
-
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
-
5
-
national
269
-
156
-
communal

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

46
-
30
-
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
-
44
-
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
-
27
-
total
430
-
262
-
Employer

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

876
-
581
-
surtax
99
-
66
-
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
-
51
-
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
-
36
-
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.

13
-
8
-
total
255
-
169
-
Corporate
-
750
-
-
income
-
150
-
-
surtax
-
3
-
-
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
685
328
431
354
After tax
65
422
319
396
Living cost
446
446
446
446
Free-cash
-381
-24
-127
-50

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
$314
$356
$327
$431
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
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
112
total
-
-
-
226
Employee
278
-
666
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
67
-
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
-
129
-
Employer
278
-
666
-
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
417
750
-
-
income
42
75
-
-
total
42
75
-
-
Dividends
375
675
-
-
withholding
19
34
-
-
total
19
34
-
-
Income
750
750
750
750
Total tax
184
109
213
226
After tax
566
641
537
524
Living cost
210
210
210
210
Free-cash
356
431
327
314

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
$364
$425
$377
$481
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
-
-
-
49
pensions

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

-
-
-
63
income
-
-
-
112
total
-
-
-
226
Employee
212
-
666
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
67
-
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
-
129
-
Employer
212
-
666
-
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
496
750
-
-
income
50
75
-
-
total
50
75
-
-
Dividends
447
675
-
-
withholding
22
34
-
-
total
22
34
-
-
Income
750
750
750
750
Total tax
165
109
213
226
After tax
585
641
537
524
Living cost
160
160
160
160
Free-cash
425
481
377
364

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
$299
$202
$233
$191
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
-
-
-
19
social contributions
-
-
-
117
income
-
-
-
32
total
-
-
-
168
Employee
941
941
941
-
income
102
87
95
-
social contributions
36
78
57
-
health
7
16
12
-
total
145
181
164
-
Employer
941
941
941
-
social contributions
36
78
57
-
health
8
17
13
-
total
44
95
70
-
Corporate
278
-
-
-
income
35
-
-
-
total
35
-
-
-
Dividends
243
-
-
-
withholding
41
-
-
-
total
41
-
-
-
Income
750
750
750
750
Total tax
265
276
234
168
After tax
485
474
516
582
Living cost
283
283
283
283
Free-cash
202
191
233
299

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
$185
$104
$119
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
health
-
-
-
19
social contributions
-
-
-
117
income
-
-
-
32
total
-
-
-
168
Employee
941
941
941
-
income
99
87
95
-
social contributions
46
78
57
-
health
9
16
12
-
total
154
181
164
-
Employer
941
941
941
-
social contributions
46
78
57
-
health
10
17
13
-
total
56
95
70
-
Corporate
143
-
-
-
income
18
-
-
-
total
18
-
-
-
Dividends
125
-
-
-
withholding
21
-
-
-
total
21
-
-
-
Income
750
750
750
750
Total tax
249
276
234
168
After tax
501
474
516
582
Living cost
397
397
397
397
Free-cash
104
77
119
185

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
$83
$133
$98
$233
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
-
-
-
101
social contributions
-
-
-
219
income
-
-
-
64
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
415
-
560
-
income
50
-
67
-
social contributions
27
-
36
-
health
56
-
76
-
solidarity contribution
-
-
-
-
total
133
-
179
-
Employer
415
-
560
-
social contributions
104
-
140
-
health
37
-
50
-
total
141
-
190
-
Corporate
193
750
-
-
income
37
143
-
-
total
37
143
-
-
Dividends
157
607
-
-
withholding
23
91
-
-
total
23
91
-
-
Income
750
750
750
750
Total tax
334
234
369
384
After tax
416
516
381
366
Living cost
283
283
283
283
Free-cash
133
233
98
83

Estimated living cost  is $283 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$18
$45
$33
$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
health
-
-
-
101
social contributions
-
-
-
219
income
-
-
-
64
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
512
-
560
-
income
61
-
67
-
social contributions
33
-
36
-
health
69
-
76
-
solidarity contribution
-
-
-
-
total
163
-
179
-
Employer
512
-
560
-
social contributions
128
-
140
-
health
46
-
50
-
total
174
-
190
-
Corporate
64
750
-
-
income
12
143
-
-
total
12
143
-
-
Dividends
52
607
-
-
withholding
8
91
-
-
total
8
91
-
-
Income
750
750
750
750
Total tax
357
234
369
384
After tax
393
516
381
366
Living cost
348
348
348
348
Free-cash
45
168
33
18

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
-$107
-$1924
-$1924
-$1924
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
national
-
-
-
72
pensions
-
-
-
11
municipal
-
-
-
124
labour market
-
-
-
59
total
-
-
-
266
Employee
2 496
2 496
2 496
-
municipal
531
531
531
-
national
305
305
305
-
pensions
4
4
4
-
labour market
199
199
199
-
total
1 039
1 039
1 039
-
Employer
2 496
2 496
2 496
-
pensions
7
7
7
-
labour market
200
200
200
-
municipal
532
532
532
-
national
305
305
305
-
total
1 044
1 044
1 044
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
2 083
2 083
2 083
266
After tax
-1 333
-1 333
-1 333
484
Living cost
591
591
591
591
Free-cash
-1 924
-1 924
-1 924
-107

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
$116
$228
$142
$304
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
-
-
-
91
total
-
-
-
338
Employee
347
-
561
-
unemployment
6
-
9
-
income
39
-
103
-
pensions
7
-
11
-
total
52
-
123
-
Employer
347
-
561
-
pensions
69
-
112
-
health
45
-
73
-
unemployment
3
-
4
-
total
117
-
189
-
Corporate
285
750
-
-
income
57
150
-
-
total
57
150
-
-
Dividends
228
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
226
150
312
338
After tax
524
600
438
412
Living cost
296
296
296
296
Free-cash
228
304
142
116

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
$105
-$16
-$9
$47
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
national
-
-
-
35
health
-
-
-
6
municipal
-
-
-
134
total
-
-
-
175
Employee
644
-
631
-
unemployment
10
-
9
-
municipal
105
-
103
-
national
11
-
10
-
pensions
43
-
43
-
health
5
-
5
-
total
174
-
170
-
Employer
644
-
631
-
pensions
112
-
109
-
health
5
-
5
-
accident
1
-
1
-
unemployment
4
-
4
-
total
122
-
119
-
Corporate
-
750
-
-
income
-
150
-
-
total
-
150
-
-
Dividends

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

-
450
-
-
municipal
-
81
-
-
national
-
2
-
-
total
-
83
-
-
Income
750
750
750
750
Total tax
296
233
289
175
After tax
454
517
461
575
Living cost
470
470
470
470
Free-cash
-16
47
-9
105

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
$72
$69
$76
$1
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
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
215
social contributions
-
-
-
21
income
-
-
-
36
other
-
-
-
23
total
-
-
-
301
Employee
468
-
572
-
income
24
-
37
-
surtax
-
-
-
-
social contributions
13
-
16
-
pensions
53
-
65
-
total
90
-
118
-
Employer
468
-
572
-
pensions
77
-
94
-
social contributions
1
-
2
-
other
16
-
20
-
health
33
-
40
-
unemployment
19
-
23
-
total
146
-
179
-
Corporate
136
750
-
-
income
38
210
-
-
surtax
-
-
-
-
total
38
210
-
-
Dividends
98
540
-
-
withholding
13
69
-
-
social contributions
17
93
-
-
surtax
-
-
-
-
total
30
162
-
-
Income
750
750
750
750
Total tax
304
372
297
301
After tax
446
378
453
449
Living cost
377
377
377
377
Free-cash
69
1
76
72

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
$30
$31
$34
-$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
-
-
-
750
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
215
social contributions
-
-
-
21
income
-
-
-
36
other
-
-
-
23
total
-
-
-
301
Employee
524
-
572
-
income
31
-
37
-
surtax
-
-
-
-
social contributions
15
-
16
-
pensions
59
-
65
-
total
105
-
118
-
Employer
524
-
572
-
pensions
86
-
94
-
social contributions
2
-
2
-
other
18
-
20
-
health
37
-
40
-
unemployment
21
-
23
-
total
164
-
179
-
Corporate
62
750
-
-
income
17
210
-
-
surtax
-
-
-
-
total
17
210
-
-
Dividends
45
540
-
-
withholding
6
69
-
-
social contributions
8
93
-
-
surtax
-
-
-
-
total
14
162
-
-
Income
750
750
750
750
Total tax
300
372
297
301
After tax
450
378
453
449
Living cost
419
419
419
419
Free-cash
31
-41
34
30

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
-$142
-$256
-$138
-$213
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
surtax
-
-
-
-
health
-
-
-
6
pensions
-
-
-
215
social contributions
-
-
-
21
income
-
-
-
36
other
-
-
-
23
total
-
-
-
301
Employee
767
-
572
-
income
67
-
37
-
surtax
-
-
-
-
social contributions
22
-
16
-
pensions
87
-
65
-
total
176
-
118
-
Employer
767
-
572
-
pensions
126
-
94
-
social contributions
2
-
2
-
other
26
-
20
-
health
54
-
40
-
unemployment
31
-
23
-
total
239
-
179
-
Corporate
-
750
-
-
income
-
210
-
-
surtax
-
-
-
-
total
-
210
-
-
Dividends
-
540
-
-
withholding
-
69
-
-
social contributions
-
93
-
-
surtax
-
-
-
-
total
-
162
-
-
Income
750
750
750
750
Total tax
415
372
297
301
After tax
335
378
453
449
Living cost
591
591
591
591
Free-cash
-256
-213
-138
-142

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
$663
$618
$521
$633
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
99
-
750
-
income
20
-
150
-
total
20
-
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%.

651
750
-
-
total
-
-
-
-
Dividends
651
750
-
-
withholding
33
38
-
-
total
33
38
-
-
Income
750
750
750
750
Total tax
53
38
150
8
After tax
697
712
600
742
Living cost
79
79
79
79
Free-cash
618
633
521
663

Estimated living cost  is $79 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
$619
$566
$477
$589
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
154
-
750
-
income
31
-
150
-
total
31
-
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%.

596
750
-
-
total
-
-
-
-
Dividends
596
750
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
750
750
750
750
Total tax
61
38
150
8
After tax
689
712
600
742
Living cost
123
123
123
123
Free-cash
566
589
477
619

Estimated living cost  is $123 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
$71
$76
$97
-$86
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
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
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.

-
-
-
91
trade
-
-
-
26
total
-
-
-
206
Employee

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

609
-
750
-
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
-
91
-
surtax

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

3
-
5
-
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
-
180
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
141
750
-
-
trade
20
108
-
-
income
21
113
-
-
chamber of commerce
2
3
-
-
surtax

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

1
6
-
-
total
44
230
-
-
Dividends
96
521
-
-
withholding
19
126
-
-
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
-
-
total
20
133
-
-
Income
750
750
750
750
Total tax
201
363
180
206
After tax
549
387
570
544
Living cost
473
473
473
473
Free-cash
76
-86
97
71

Estimated living cost  is $473 per week

$326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dresden , Germany
$171
$146
$199
$9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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
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.

-
-
-
91
trade
-
-
-
28
total
-
-
-
208
Employee

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

468
-
750
-
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
-
91
-
surtax

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

1
-
5
-
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
-
180
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
282
750
-
-
trade
44
118
-
-
income
42
113
-
-
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
6
-
-
total
90
240
-
-
Dividends
191
510
-
-
withholding
43
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.

2
7
-
-
total
45
130
-
-
Income
750
750
750
750
Total tax
233
370
180
208
After tax
517
380
570
542
Living cost
371
371
371
371
Free-cash
146
9
199
171

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
$59
$68
$89
-$105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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
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.

-
-
-
91
trade
-
-
-
30
total
-
-
-
210
Employee

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

621
-
750
-
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
-
91
-
surtax

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

3
-
5
-
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
-
180
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
129
750
-
-
trade
21
123
-
-
income
19
113
-
-
chamber of commerce
2
3
-
-
surtax

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

1
6
-
-
total
43
245
-
-
Dividends
85
505
-
-
withholding
17
122
-
-
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
-
-
total
18
129
-
-
Income
750
750
750
750
Total tax
201
374
180
210
After tax
549
376
570
540
Living cost
481
481
481
481
Free-cash
68
-105
89
59

Estimated living cost  is $481 per week

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

Additional information

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

Munich , Germany
-$22
$7
$9
-$189
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
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
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.

-
-
-
91
trade
-
-
-
31
total
-
-
-
211
Employee

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

736
-
750
-
income

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

87
-
91
-
surtax

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

5
-
5
-
health

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

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

84
-
84
-
total
176
-
180
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14
750
-
-
trade
2
129
-
-
income
2
113
-
-
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.

-
6
-
-
total
6
251
-
-
Dividends
8
500
-
-
withholding
-
120
-
-
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
-
-
total
-
127
-
-
Income
750
750
750
750
Total tax
182
378
180
211
After tax
568
372
570
539
Living cost
561
561
561
561
Free-cash
7
-189
9
-22

Estimated living cost  is $561 per week

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

Additional information

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

Athens , Greece
$145
$157
$128
$197
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
surtax
-
-
-
8
unemployment
-
-
-
3
health
-
-
-
53
pensions
-
-
-
150
income
-
-
-
116
other
-
-
-
-
total
-
-
-
330
Employee
412
-
620
-
unemployment
29
-
43
-
other
-
-
-
-
income
69
-
109
-
surtax
1
-
7
-
pensions
28
-
41
-
health
11
-
16
-
total
138
-
216
-
Employer
412
-
620
-
pensions
55
-
83
-
other
-
-
-
-
health
19
-
28
-
unemployment
13
-
20
-
total
87
-
131
-
Corporate
251
750
-
-
income
65
195
-
-
total
65
195
-
-
Dividends
186
555
-
-
withholding
28
83
-
-
total
28
83
-
-
Income
750
750
750
750
Total tax
318
278
347
330
After tax
432
472
403
420
Living cost
275
275
275
275
Free-cash
157
197
128
145

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
$150
$164
$133
$202
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
surtax
-
-
-
8
unemployment
-
-
-
3
health
-
-
-
53
pensions
-
-
-
150
income
-
-
-
116
other
-
-
-
-
total
-
-
-
330
Employee
405
-
620
-
unemployment
28
-
43
-
other
-
-
-
-
income
68
-
109
-
surtax
1
-
7
-
pensions
27
-
41
-
health
10
-
16
-
total
134
-
216
-
Employer
405
-
620
-
pensions
54
-
83
-
other
-
-
-
-
health
18
-
28
-
unemployment
13
-
20
-
total
85
-
131
-
Corporate
260
750
-
-
income
68
195
-
-
total
68
195
-
-
Dividends
192
555
-
-
withholding
29
83
-
-
total
29
83
-
-
Income
750
750
750
750
Total tax
316
278
347
330
After tax
434
472
403
420
Living cost
270
270
270
270
Free-cash
164
202
133
150

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
$277
$187
$192
$182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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.

351
140
628
-
unemployment
5
2
9
-
income
43
17
77
-
pensions
35
14
63
-
health
25
10
44
-
total
108
43
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.

351
140
628
-
pensions
68
27
122
-
total
68
27
122
-
Corporate
331
583
-
-
income
30
52
-
-
total
30
52
-
-
Dividends
301
531
-
-
withholding
57
101
-
-
social contributions
57
102
-
-
total
114
203
-
-
Income
750
750
750
750
Total tax
320
325
315
230
After tax
430
425
435
520
Living cost
243
243
243
243
Free-cash
187
182
192
277

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
-$127
-$252
-$121
-$125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
national
-
-
-
113
pensions
-
-
-
90
social contributions
-
-
-
8
municipal
-
-
-
73
total
-
-
-
284
Employee
919
-
648
-
municipal
113
-
76
-
national
176
-
117
-
pensions
37
-
26
-
total
326
-
219
-
Employer
919
-
648
-
pensions
73
-
52
-
social contributions
10
-
7
-
total
83
-
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
409
282
278
284
After tax
341
468
472
466
Living cost
593
593
593
593
Free-cash
-252
-125
-121
-127

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
-$116
-$208
-$116
-$172
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
-
-
-
57
income
-
-
-
112
total
-
-
-
169
Employee
958
-
750
-
social contributions
80
-
57
-
income
181
-
112
-
total
261
-
169
-
Employer
958
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
656
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
750
750
750
750
Total tax
261
225
169
169
After tax
489
525
581
581
Living cost
697
697
697
697
Free-cash
-208
-172
-116
-116

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
-$108
-$339
-$151
-$117
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
national
-
-
-
136
regional
-
-
-
8
social contributions
-
-
-
193
municipal
-
-
-
4
total
-
-
-
341
Employee
1 088
-
750
-
municipal
6
-
4
-
national
189
-
120
-
social contributions
367
-
253
-
regional
10
-
7
-
total
572
-
384
-
Employer
1 088
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
nationa
-
180
-
-
municipal
-
29
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
572
350
384
341
After tax
178
400
366
409
Living cost
517
517
517
517
Free-cash
-339
-117
-151
-108

Estimated living cost  is $517 per week

$360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Naples , Italy
$76
$36
$33
$65
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
national
-
-
-
136
regional
-
-
-
11
social contributions
-
-
-
193
municipal
-
-
-
4
total
-
-
-
344
Employee
679
-
750
-
municipal
4
-
4
-
national
108
-
120
-
social contributions
229
-
253
-
regional
9
-
10
-
total
350
-
387
-
Employer
679
-
750
-
total
-
-
-
-
Corporate
71
750
-
-
nationa
17
180
-
-
municipal
4
37
-
-
total
21
217
-
-
Dividends
50
533
-
-
withholding
13
138
-
-
total
13
138
-
-
Income
750
750
750
750
Total tax
384
355
387
344
After tax
366
395
363
406
Living cost
330
330
330
330
Free-cash
36
65
33
76

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