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
$ 800
per

Your estimated
City
free-cash

Andorra , Andorra
$253
$310
$275
$352
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
-
-
-
800
social contributions
-
-
-
176
income
-
-
-
3
total
-
-
-
179
Employee
394
-
693
-
social contributions
26
-
45
-
income
-
-
5
-
total
26
-
50
-
Employer
394
-
693
-
social contributions
61
-
107
-
total
61
-
107
-
Corporate
345
800
-
-
income
35
80
-
-
total
35
80
-
-
Dividends
311
720
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
122
80
157
179
After tax
678
720
643
621
Living cost
368
368
368
368
Free-cash
310
352
275
253

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
$47
$60
-$99
$66
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
-
-
-
800
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
61
chamber of commerce
-
-
-
3
pensions
-
-
-
148
income
-
-
-
75
total
-
-
-
362
Employee
535
488
621
-
unemployment
16
15
19
-
other
5
5
6
-
income
48
36
72
-
pensions
55
50
64
-
health
21
19
24
-
total
145
125
185
-
Employer
535
488
621
-
pensions
67
61
78
-
surtax
-
-
-
-
payroll
16
15
19
-
other
25
23
30
-
health
20
18
23
-
accident
7
6
8
-
unemployment
16
15
19
-
chamber of commerce
2
2
2
-
total
153
140
179
-
Corporate
111
172
575
-
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.

28
43
144
-
total
28
43
144
-
Dividends
83
129
-
-
withholding
23
35
-
-
total
23
35
-
-
Income
800
800
800
800
Total tax
349
343
508
362
After tax
451
457
292
438
Living cost
391
391
391
391
Free-cash
60
66
-99
47

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
$5
-$1
-$138
$25
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
-
-
-
800
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
61
chamber of commerce
-
-
-
3
pensions
-
-
-
148
income
-
-
-
75
total
-
-
-
364
Employee
612
488
619
-
unemployment
18
15
19
-
other
6
5
6
-
income
70
36
72
-
pensions
63
50
63
-
health
24
19
24
-
total
181
125
184
-
Employer
612
488
619
-
pensions
77
61
78
-
surtax
2
2
2
-
payroll
18
15
19
-
other
29
23
29
-
health
23
18
23
-
accident
8
6
8
-
unemployment
18
15
19
-
chamber of commerce
2
2
2
-
total
177
142
180
-
Corporate
46
169
573
-
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
42
143
-
total
12
42
143
-
Dividends
-
127
-
-
withholding
-
35
-
-
total
-
35
-
-
Income
800
800
800
800
Total tax
370
344
507
364
After tax
430
456
293
436
Living cost
431
431
431
431
Free-cash
-1
25
-138
5

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
-$31
-$331
-$107
$4
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
-
-
-
800
national
-
-
-
241
communal

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

-
-
-
42
social contributions
-
-
-
102
total
-
-
-
385
Employee

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

876
-
620
-
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
-
169
-
communal

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

46
-
32
-
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
-
46
-
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
-
29
-
total
430
-
281
-
Employer

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

876
-
620
-
surtax
99
-
70
-
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
-
55
-
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
-
38
-
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
-
9
-
total
255
-
180
-
Corporate
-
800
-
-
income
-
160
-
-
surtax
-
3
-
-
total
-
163
-
-
Dividends
-
637
-
-
withholding

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

-
187
-
-
total
-
187
-
-
Income
800
800
800
800
Total tax
685
350
461
385
After tax
115
450
339
415
Living cost
446
446
446
446
Free-cash
-331
4
-107
-31

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
$356
$399
$371
$474
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
-
-
-
800
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
-
-
-
120
total
-
-
-
234
Employee
279
-
716
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
28
-
72
-
pensions

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

24
-
38
-
health
13
-
20
-
total
68
-
135
-
Employer
279
-
716
-
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
467
800
-
-
income
47
80
-
-
total
47
80
-
-
Dividends
420
720
-
-
withholding
21
36
-
-
total
21
36
-
-
Income
800
800
800
800
Total tax
191
116
219
234
After tax
609
684
581
566
Living cost
210
210
210
210
Free-cash
399
474
371
356

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
$406
$467
$421
$524
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
-
-
-
800
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
-
-
-
120
total
-
-
-
234
Employee
212
-
716
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
21
-
72
-
pensions

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

19
-
38
-
health
10
-
20
-
total
52
-
135
-
Employer
212
-
716
-
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
546
800
-
-
income
55
80
-
-
total
55
80
-
-
Dividends
491
720
-
-
withholding
25
36
-
-
total
25
36
-
-
Income
800
800
800
800
Total tax
173
116
219
234
After tax
627
684
581
566
Living cost
160
160
160
160
Free-cash
467
524
421
406

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
$331
$238
$278
$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
-
-
-
800
health
-
-
-
20
social contributions
-
-
-
125
income
-
-
-
41
total
-
-
-
186
Employee
941
941
941
-
income
102
87
94
-
social contributions
36
78
60
-
health
7
16
12
-
total
145
181
166
-
Employer
941
941
941
-
social contributions
36
78
60
-
health
8
17
13
-
total
44
95
73
-
Corporate
328
-
-
-
income
41
-
-
-
total
41
-
-
-
Dividends
287
-
-
-
withholding
49
-
-
-
total
49
-
-
-
Income
800
800
800
800
Total tax
279
276
239
186
After tax
521
524
561
614
Living cost
283
283
283
283
Free-cash
238
241
278
331

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
$217
$140
$164
$127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
health
-
-
-
20
social contributions
-
-
-
125
income
-
-
-
41
total
-
-
-
186
Employee
941
941
941
-
income
99
87
94
-
social contributions
46
78
60
-
health
9
16
12
-
total
154
181
166
-
Employer
941
941
941
-
social contributions
46
78
60
-
health
10
17
13
-
total
56
95
73
-
Corporate
193
-
-
-
income
24
-
-
-
total
24
-
-
-
Dividends
169
-
-
-
withholding
29
-
-
-
total
29
-
-
-
Income
800
800
800
800
Total tax
263
276
239
186
After tax
537
524
561
614
Living cost
397
397
397
397
Free-cash
140
127
164
217

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
$106
$167
$122
$268
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
-
-
-
800
health
-
-
-
108
social contributions
-
-
-
234
income
-
-
-
69
solidarity contribution
-
-
-
-
total
-
-
-
411
Employee
416
-
597
-
income
50
-
72
-
social contributions
27
-
39
-
health
56
-
81
-
solidarity contribution
-
-
-
-
total
133
-
192
-
Employer
416
-
597
-
social contributions
104
-
149
-
health
37
-
54
-
total
141
-
203
-
Corporate
243
800
-
-
income
46
152
-
-
total
46
152
-
-
Dividends
197
648
-
-
withholding
30
97
-
-
total
30
97
-
-
Income
800
800
800
800
Total tax
350
249
395
411
After tax
450
551
405
389
Living cost
283
283
283
283
Free-cash
167
268
122
106

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
$41
$79
$57
$203
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
-
-
-
800
health
-
-
-
108
social contributions
-
-
-
234
income
-
-
-
69
solidarity contribution
-
-
-
-
total
-
-
-
411
Employee
512
-
597
-
income
61
-
72
-
social contributions
33
-
39
-
health
69
-
81
-
solidarity contribution
-
-
-
-
total
163
-
192
-
Employer
512
-
597
-
social contributions
128
-
149
-
health
46
-
54
-
total
174
-
203
-
Corporate
114
800
-
-
income
22
152
-
-
total
22
152
-
-
Dividends
92
648
-
-
withholding
14
97
-
-
total
14
97
-
-
Income
800
800
800
800
Total tax
373
249
395
411
After tax
427
551
405
389
Living cost
348
348
348
348
Free-cash
79
203
57
41

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
-$78
-$1874
-$1874
-$1874
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
-
-
-
800
national
-
-
-
78
pensions
-
-
-
11
municipal
-
-
-
135
labour market
-
-
-
63
total
-
-
-
287
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
800
800
800
800
Total tax
2 083
2 083
2 083
287
After tax
-1 283
-1 283
-1 283
513
Living cost
591
591
591
591
Free-cash
-1 874
-1 874
-1 874
-78

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
$138
$268
$165
$344
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
-
-
-
800
health
-
-
-
104
pensions
-
-
-
160
income
-
-
-
102
total
-
-
-
366
Employee
347
-
598
-
unemployment
6
-
10
-
income
39
-
114
-
pensions
7
-
12
-
total
52
-
136
-
Employer
347
-
598
-
pensions
69
-
120
-
health
45
-
78
-
unemployment
3
-
5
-
total
117
-
203
-
Corporate
335
800
-
-
income
67
160
-
-
total
67
160
-
-
Dividends
268
640
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
236
160
339
366
After tax
564
640
461
434
Living cost
296
296
296
296
Free-cash
268
344
165
138

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
$137
$23
$21
$80
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
national
-
-
-
43
health
-
-
-
7
municipal
-
-
-
143
total
-
-
-
193
Employee
644
-
673
-
unemployment
10
-
10
-
municipal
105
-
110
-
national
11
-
12
-
pensions
43
-
45
-
health
5
-
5
-
total
174
-
182
-
Employer
644
-
673
-
pensions
112
-
117
-
health
5
-
5
-
accident
1
-
1
-
unemployment
4
-
4
-
total
122
-
127
-
Corporate
34
800
-
-
income
7
160
-
-
total
7
160
-
-
Dividends

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

21
480
-
-
municipal
4
86
-
-
national
-
4
-
-
total
4
90
-
-
Income
800
800
800
800
Total tax
307
250
309
193
After tax
493
550
491
607
Living cost
470
470
470
470
Free-cash
23
80
21
137

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
$99
$95
$105
$26
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
-
-
-
800
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
228
social contributions
-
-
-
23
income
-
-
-
41
other
-
-
-
25
total
-
-
-
324
Employee
468
-
610
-
income
24
-
41
-
surtax
-
-
-
-
social contributions
13
-
17
-
pensions
53
-
69
-
total
90
-
127
-
Employer
468
-
610
-
pensions
77
-
100
-
social contributions
1
-
2
-
other
16
-
21
-
health
33
-
43
-
unemployment
19
-
25
-
total
146
-
191
-
Corporate
186
800
-
-
income
52
224
-
-
surtax
-
-
-
-
total
52
224
-
-
Dividends
134
576
-
-
withholding
17
74
-
-
social contributions
23
99
-
-
surtax
-
-
-
-
total
40
173
-
-
Income
800
800
800
800
Total tax
328
397
318
324
After tax
472
403
482
476
Living cost
377
377
377
377
Free-cash
95
26
105
99

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
$57
$57
$63
-$16
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
-
-
-
800
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
228
social contributions
-
-
-
23
income
-
-
-
41
other
-
-
-
25
total
-
-
-
324
Employee
524
-
610
-
income
31
-
41
-
surtax
-
-
-
-
social contributions
15
-
17
-
pensions
59
-
69
-
total
105
-
127
-
Employer
524
-
610
-
pensions
86
-
100
-
social contributions
2
-
2
-
other
18
-
21
-
health
37
-
43
-
unemployment
21
-
25
-
total
164
-
191
-
Corporate
112
800
-
-
income
31
224
-
-
surtax
-
-
-
-
total
31
224
-
-
Dividends
81
576
-
-
withholding
10
74
-
-
social contributions
14
99
-
-
surtax
-
-
-
-
total
24
173
-
-
Income
800
800
800
800
Total tax
324
397
318
324
After tax
476
403
482
476
Living cost
419
419
419
419
Free-cash
57
-16
63
57

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
-$115
-$206
-$109
-$188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
surtax
-
-
-
-
health
-
-
-
7
pensions
-
-
-
228
social contributions
-
-
-
23
income
-
-
-
41
other
-
-
-
25
total
-
-
-
324
Employee
767
-
610
-
income
67
-
41
-
surtax
-
-
-
-
social contributions
22
-
17
-
pensions
87
-
69
-
total
176
-
127
-
Employer
767
-
610
-
pensions
126
-
100
-
social contributions
2
-
2
-
other
26
-
21
-
health
54
-
43
-
unemployment
31
-
25
-
total
239
-
191
-
Corporate
-
800
-
-
income
-
224
-
-
surtax
-
-
-
-
total
-
224
-
-
Dividends
-
576
-
-
withholding
-
74
-
-
social contributions
-
99
-
-
surtax
-
-
-
-
total
-
173
-
-
Income
800
800
800
800
Total tax
415
397
318
324
After tax
385
403
482
476
Living cost
591
591
591
591
Free-cash
-206
-188
-109
-115

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
$713
$666
$561
$681
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%.

-
-
-
800
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
-
800
-
income
20
-
160
-
total
20
-
160
-
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%.

701
800
-
-
total
-
-
-
-
Dividends
701
800
-
-
withholding
35
40
-
-
total
35
40
-
-
Income
800
800
800
800
Total tax
55
40
160
8
After tax
745
760
640
792
Living cost
79
79
79
79
Free-cash
666
681
561
713

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
$669
$614
$517
$637
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%.

-
-
-
800
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
-
800
-
income
31
-
160
-
total
31
-
160
-
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
800
-
-
total
-
-
-
-
Dividends
646
800
-
-
withholding
32
40
-
-
total
32
40
-
-
Income
800
800
800
800
Total tax
63
40
160
8
After tax
737
760
640
792
Living cost
123
123
123
123
Free-cash
614
637
517
669

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
$98
$100
$131
-$59
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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
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.

-
-
-
106
trade
-
-
-
33
total
-
-
-
229
Employee

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

609
-
800
-
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
-
106
-
surtax

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

3
-
6
-
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
-
196
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
191
800
-
-
trade
27
115
-
-
income
29
120
-
-
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
7
-
-
total
60
245
-
-
Dividends
131
556
-
-
withholding
28
134
-
-
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
30
141
-
-
Income
800
800
800
800
Total tax
227
386
196
229
After tax
573
414
604
571
Living cost
473
473
473
473
Free-cash
100
-59
131
98

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
$197
$169
$233
$35
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.

-
-
-
800
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
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.

-
-
-
106
trade
-
-
-
36
total
-
-
-
232
Employee

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

468
-
800
-
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
-
106
-
surtax

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

1
-
6
-
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
-
196
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
332
800
-
-
trade
52
126
-
-
income
50
120
-
-
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.

3
7
-
-
total
107
256
-
-
Dividends
225
544
-
-
withholding
52
131
-
-
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
-
-
total
55
138
-
-
Income
800
800
800
800
Total tax
260
394
196
232
After tax
540
406
604
568
Living cost
371
371
371
371
Free-cash
169
35
233
197

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
$85
$94
$123
-$80
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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
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.

-
-
-
106
trade
-
-
-
38
total
-
-
-
234
Employee

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

621
-
800
-
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
-
106
-
surtax

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

3
-
6
-
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
-
196
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
179
800
-
-
trade
29
132
-
-
income
27
120
-
-
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
7
-
-
total
59
262
-
-
Dividends
119
539
-
-
withholding
25
130
-
-
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
26
137
-
-
Income
800
800
800
800
Total tax
225
399
196
234
After tax
575
401
604
566
Living cost
481
481
481
481
Free-cash
94
-80
123
85

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
$3
$33
$43
-$164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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
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.

-
-
-
106
trade
-
-
-
40
total
-
-
-
236
Employee

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

736
-
800
-
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
-
106
-
surtax

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

5
-
6
-
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
-
196
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64
800
-
-
trade
11
137
-
-
income
10
120
-
-
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
7
-
-
total
24
267
-
-
Dividends
41
533
-
-
withholding
6
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.

-
7
-
-
total
6
136
-
-
Income
800
800
800
800
Total tax
206
403
196
236
After tax
594
397
604
564
Living cost
561
561
561
561
Free-cash
33
-164
43
3

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
$168
$189
$151
$228
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
-
-
-
800
surtax
-
-
-
10
unemployment
-
-
-
3
health
-
-
-
57
pensions
-
-
-
160
income
-
-
-
127
other
-
-
-
-
total
-
-
-
357
Employee
412
-
661
-
unemployment
29
-
46
-
other
-
-
-
-
income
69
-
119
-
surtax
1
-
9
-
pensions
28
-
44
-
health
11
-
17
-
total
138
-
235
-
Employer
412
-
661
-
pensions
55
-
88
-
other
-
-
-
-
health
19
-
30
-
unemployment
13
-
21
-
total
87
-
139
-
Corporate
301
800
-
-
income
78
208
-
-
total
78
208
-
-
Dividends
223
592
-
-
withholding
33
89
-
-
total
33
89
-
-
Income
800
800
800
800
Total tax
336
297
374
357
After tax
464
503
426
443
Living cost
275
275
275
275
Free-cash
189
228
151
168

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
$173
$196
$156
$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
-
-
-
800
surtax
-
-
-
10
unemployment
-
-
-
3
health
-
-
-
57
pensions
-
-
-
160
income
-
-
-
127
other
-
-
-
-
total
-
-
-
357
Employee
405
-
661
-
unemployment
28
-
46
-
other
-
-
-
-
income
68
-
119
-
surtax
1
-
9
-
pensions
27
-
44
-
health
10
-
17
-
total
134
-
235
-
Employer
405
-
661
-
pensions
54
-
88
-
other
-
-
-
-
health
18
-
30
-
unemployment
13
-
21
-
total
85
-
139
-
Corporate
310
800
-
-
income
81
208
-
-
total
81
208
-
-
Dividends
229
592
-
-
withholding
34
89
-
-
total
34
89
-
-
Income
800
800
800
800
Total tax
334
297
374
357
After tax
466
503
426
443
Living cost
270
270
270
270
Free-cash
196
233
156
173

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
$311
$215
$220
$210
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
-
-
-
800
unemployment
-
-
-
12
health
-
-
-
56
pensions
-
-
-
80
income
-
-
-
98
total
-
-
-
246
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
669
-
unemployment
5
2
10
-
income
43
17
82
-
pensions
35
14
67
-
health
25
10
47
-
total
108
43
206
-
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
669
-
pensions
68
27
131
-
total
68
27
131
-
Corporate
381
633
-
-
income
34
57
-
-
total
34
57
-
-
Dividends
346
576
-
-
withholding
66
109
-
-
social contributions
66
111
-
-
total
132
220
-
-
Income
800
800
800
800
Total tax
342
347
337
246
After tax
458
453
463
554
Living cost
243
243
243
243
Free-cash
215
210
220
311

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
-$99
-$202
-$92
-$94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
national
-
-
-
122
pensions
-
-
-
96
social contributions
-
-
-
9
municipal
-
-
-
79
total
-
-
-
306
Employee
919
-
692
-
municipal
113
-
82
-
national
176
-
127
-
pensions
37
-
28
-
total
326
-
237
-
Employer
919
-
692
-
pensions
73
-
55
-
social contributions
10
-
7
-
total
83
-
62
-
Corporate
-
800
-
-
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%.

-
160
-
-
total
-
160
-
-
Dividends
-
640
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
800
800
800
800
Total tax
409
301
299
306
After tax
391
499
501
494
Living cost
593
593
593
593
Free-cash
-202
-94
-92
-99

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
-$81
-$158
-$81
-$137
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
-
-
-
800
social contributions
-
-
-
62
income
-
-
-
122
total
-
-
-
184
Employee
958
-
800
-
social contributions
80
-
62
-
income
181
-
122
-
total
261
-
184
-
Employer
958
-
800
-
total
-
-
-
-
Corporate
-
800
-
-
income
-
100
-
-
total
-
100
-
-
Dividends
-
700
-
-
withholding
-
140
-
-
total
-
140
-
-
Income
800
800
800
800
Total tax
261
240
184
184
After tax
539
560
616
616
Living cost
697
697
697
697
Free-cash
-158
-137
-81
-81

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
-$83
-$289
-$127
-$90
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
-
-
-
800
national
-
-
-
147
regional
-
-
-
8
social contributions
-
-
-
206
municipal
-
-
-
5
total
-
-
-
366
Employee
1 088
-
800
-
municipal
6
-
4
-
national
189
-
129
-
social contributions
367
-
270
-
regional
10
-
7
-
total
572
-
410
-
Employer
1 088
-
800
-
total
-
-
-
-
Corporate
-
800
-
-
nationa
-
192
-
-
municipal
-
31
-
-
total
-
223
-
-
Dividends
-
577
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
800
800
800
800
Total tax
572
373
410
366
After tax
228
427
390
434
Living cost
517
517
517
517
Free-cash
-289
-90
-127
-83

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
$100
$63
$56
$90
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
-
-
-
800
national
-
-
-
147
regional
-
-
-
12
social contributions
-
-
-
206
municipal
-
-
-
5
total
-
-
-
370
Employee
679
-
800
-
municipal
4
-
4
-
national
108
-
129
-
social contributions
229
-
270
-
regional
9
-
11
-
total
350
-
414
-
Employer
679
-
800
-
total
-
-
-
-
Corporate
121
800
-
-
nationa
29
192
-
-
municipal
6
40
-
-
total
35
232
-
-
Dividends
86
568
-
-
withholding
22
148
-
-
total
22
148
-
-
Income
800
800
800
800
Total tax
407
380
414
370
After tax
393
420
386
430
Living cost
330
330
330
330
Free-cash
63
90
56
100

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