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
$ 850
per

Your estimated
City
free-cash

Andorra , Andorra
$411
$326
$303
$371
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
-
-
-
850
social contributions
-
-
-
187
income
-
-
-
6
total
-
-
-
193
Employee
379
-
736
-
social contributions
25
-
48
-
income
-
-
8
-
total
25
-
56
-
Employer
379
-
736
-
social contributions
59
-
114
-
total
59
-
114
-
Corporate
412
850
-
-
income
41
85
-
-
total
41
85
-
-
Dividends
371
765
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
125
85
170
193
After tax
725
765
680
657
Living cost
354
354
354
354
Free-cash
371
411
326
303

Estimated living cost  is $354 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Graz , Austria
$107
-$79
$84
$103
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
-
-
-
850
chamber of commerce
-
-
-
3
unemployment
-
-
-
72
health
-
-
-
65
pensions
-
-
-
157
income
-
-
-
93
surtax
-
-
-
-
total
-
-
-
390
Employee
515
470
660
-
health
20
18
26
-
pensions
53
48
68
-
other
5
5
7
-
unemployment
15
14
20
-
income
46
35
87
-
total
139
120
208
-
Employer
515
470
660
-
pensions
65
59
83
-
accident
7
6
9
-
unemployment
15
14
20
-
surtax
-
-
-
-
payroll
15
14
20
-
chamber of commerce
2
2
3
-
health
19
18
25
-
other
24
22
31
-
total
147
135
191
-
Corporate
186
245
615
-
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.

47
61
154
-
total
47
61
154
-
Dividends
140
184
-
-
withholding
38
51
-
-
total
38
51
-
-
Income
850
850
850
850
Total tax
371
367
553
390
After tax
479
483
297
460
Living cost
376
376
376
376
Free-cash
103
107
-79
84

Estimated living cost  is $376 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Vienna , Austria
$67
-$117
$43
$49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
chamber of commerce
-
-
-
3
unemployment
-
-
-
72
health
-
-
-
65
pensions
-
-
-
157
income
-
-
-
93
surtax
-
-
-
2
total
-
-
-
392
Employee
589
470
658
-
health
23
18
25
-
pensions
60
48
67
-
other
6
5
7
-
unemployment
18
14
20
-
income
67
35
87
-
total
174
120
206
-
Employer
589
470
658
-
pensions
74
59
83
-
accident
8
6
9
-
unemployment
18
14
20
-
surtax
2
2
2
-
payroll
18
14
20
-
chamber of commerce
2
2
3
-
health
22
18
25
-
other
28
22
31
-
total
172
137
193
-
Corporate
89
243
613
-
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.

22
61
153
-
total
22
61
153
-
Dividends
67
182
-
-
withholding
18
50
-
-
total
18
50
-
-
Income
850
850
850
850
Total tax
386
368
552
392
After tax
464
482
298
458
Living cost
415
415
415
415
Free-cash
49
67
-117
43

Estimated living cost  is $415 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
$48
-$79
$1
-$239
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
-
-
-
850
social contributions
-
-
-
115
communal

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

-
-
-
44
national
-
-
-
260
total
-
-
-
419
Employee

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

843
-
658
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

40
-
31
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

63
-
49
-
communal

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

44
-
34
-
national
259
-
187
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

7
-
6
-
total
413
-
307
-
Employer

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

843
-
658
-
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
-
9
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

12
-
10
-
surtax
96
-
75
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

52
-
40
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

75
-
58
-
total
246
-
192
-
Corporate
-
850
-
-
surtax
-
3
-
-
income
-
170
-
-
total
-
173
-
-
Dividends
-
677
-
-
withholding

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

-
199
-
-
total
-
199
-
-
Income
850
850
850
850
Total tax
659
372
499
419
After tax
191
478
351
431
Living cost
430
430
430
430
Free-cash
-239
48
-79
1

Estimated living cost  is $430 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
$525
$431
$410
$451
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
-
-
-
850
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
128
total
-
-
-
238
Employee
268
-
769
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
77
-
total
66
-
137
-
Employer
268
-
769
-
accident

We are using the highest rate at 1.1%.

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

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

30
-
45
-
total
54
-
80
-
Corporate
529
850
-
-
income
53
85
-
-
total
53
85
-
-
Dividends
476
765
-
-
withholding
24
38
-
-
total
24
38
-
-
Income
850
850
850
850
Total tax
197
123
217
238
After tax
653
727
633
612
Living cost
202
202
202
202
Free-cash
451
525
431
410

Estimated living cost  is $202 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$573
$479
$458
$519
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
-
-
-
850
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
income
-
-
-
128
total
-
-
-
238
Employee
204
-
769
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
9
-
19
-
pensions

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

18
-
36
-
income
20
-
77
-
total
49
-
137
-
Employer
204
-
769
-
accident

We are using the highest rate at 1.1%.

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

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

23
-
45
-
total
40
-
80
-
Corporate
606
850
-
-
income
61
85
-
-
total
61
85
-
-
Dividends
545
765
-
-
withholding
27
38
-
-
total
27
38
-
-
Income
850
850
850
850
Total tax
177
123
217
238
After tax
673
727
633
612
Living cost
154
154
154
154
Free-cash
519
573
479
458

Estimated living cost  is $154 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Larnaca , Cyprus
$311
$334
$367
$287
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
-
-
-
850
social contributions
-
-
-
133
health
-
-
-
22
income
-
-
-
55
total
-
-
-
210
Employee
907
907
907
-
health
7
15
13
-
social contributions
34
75
64
-
income
99
84
88
-
total
140
174
165
-
Employer
907
907
907
-
social contributions
34
75
64
-
health
8
17
14
-
total
42
92
78
-
Corporate
395
-
-
-
income
49
-
-
-
total
49
-
-
-
Dividends
346
-
-
-
withholding
59
-
-
-
total
59
-
-
-
Income
850
850
850
850
Total tax
290
266
243
210
After tax
560
584
607
640
Living cost
273
273
273
273
Free-cash
287
311
334
367

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$202
$225
$258
$194
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
-
-
-
850
social contributions
-
-
-
133
health
-
-
-
22
income
-
-
-
55
total
-
-
-
210
Employee
907
907
907
-
health
9
15
13
-
social contributions
44
75
64
-
income
95
84
88
-
total
148
174
165
-
Employer
907
907
907
-
social contributions
44
75
64
-
health
10
17
14
-
total
54
92
78
-
Corporate
265
-
-
-
income
33
-
-
-
total
33
-
-
-
Dividends
232
-
-
-
withholding
39
-
-
-
total
39
-
-
-
Income
850
850
850
850
Total tax
274
266
243
210
After tax
576
584
607
640
Living cost
382
382
382
382
Free-cash
194
202
225
258

Estimated living cost  is $382 per week

$261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
$308
$154
$137
$209
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
-
-
-
850
social contributions
-
-
-
248
health
-
-
-
115
solidarity contribution
-
-
-
-
income
-
-
-
73
total
-
-
-
436
Employee
407
-
634
-
health
55
-
86
-
social contributions
26
-
41
-
solidarity contribution
-
-
-
-
income
49
-
76
-
total
130
-
203
-
Employer
407
-
634
-
social contributions
102
-
159
-
health
37
-
57
-
total
139
-
216
-
Corporate
304
850
-
-
income
58
162
-
-
total
58
162
-
-
Dividends
246
688
-
-
withholding
37
103
-
-
total
37
103
-
-
Income
850
850
850
850
Total tax
364
265
419
436
After tax
486
585
431
414
Living cost
277
277
277
277
Free-cash
209
308
154
137

Estimated living cost  is $277 per week

$192
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.
$59
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
$244
$90
$73
$122
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
-
-
-
850
social contributions
-
-
-
248
health
-
-
-
115
solidarity contribution
-
-
-
-
income
-
-
-
73
total
-
-
-
436
Employee
502
-
634
-
health
68
-
86
-
social contributions
33
-
41
-
solidarity contribution
-
-
-
-
income
60
-
76
-
total
161
-
203
-
Employer
502
-
634
-
social contributions
125
-
159
-
health
45
-
57
-
total
170
-
216
-
Corporate
177
850
-
-
income
34
162
-
-
total
34
162
-
-
Dividends
144
688
-
-
withholding
22
103
-
-
total
22
103
-
-
Income
850
850
850
850
Total tax
387
265
419
436
After tax
463
585
431
414
Living cost
341
341
341
341
Free-cash
122
244
90
73

Estimated living cost  is $341 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Copenhagen , Denmark
-$1727
-$1727
-$29
-$1727
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
-
-
-
850
labour market
-
-
-
67
municipal
-
-
-
147
pensions
-
-
-
10
national
-
-
-
85
total
-
-
-
309
Employee
2 404
2 404
2 404
-
municipal
512
512
512
-
pensions
3
3
3
-
national
294
294
294
-
labour market
192
192
192
-
total
1 001
1 001
1 001
-
Employer
2 404
2 404
2 404
-
labour market
192
192
192
-
national
294
294
294
-
municipal
513
513
513
-
pensions
7
7
7
-
total
1 006
1 006
1 006
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
2 007
2 007
2 007
309
After tax
-1 157
-1 157
-1 157
541
Living cost
570
570
570
570
Free-cash
-1 727
-1 727
-1 727
-29

Estimated living cost  is $570 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
$395
$205
$170
$322
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
-
-
-
850
health
-
-
-
111
pensions
-
-
-
170
income
-
-
-
114
total
-
-
-
395
Employee
334
-
635
-
pensions
7
-
13
-
unemployment
5
-
10
-
income
38
-
122
-
total
50
-
145
-
Employer
334
-
635
-
pensions
67
-
127
-
unemployment
3
-
5
-
health
43
-
83
-
total
113
-
215
-
Corporate
402
850
-
-
income
80
170
-
-
total
80
170
-
-
Dividends
322
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
243
170
360
395
After tax
607
680
490
455
Living cost
285
285
285
285
Free-cash
322
395
205
170

Estimated living cost  is $285 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Helsinki , Finland
$128
$57
$182
$76
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

-
-
-
850
health
-
-
-
8
municipal
-
-
-
152
national
-
-
-
55
total
-
-
-
215
Employee
620
-
715
-
health
5
-
6
-
municipal
102
-
117
-
pensions
42
-
48
-
national
10
-
22
-
unemployment
9
-
11
-
total
168
-
204
-
Employer
620
-
715
-
accident
1
-
1
-
unemployment
4
-
5
-
health
5
-
6
-
pensions
108
-
124
-
total
118
-
136
-
Corporate
113
850
-
-
income
23
170
-
-
total
23
170
-
-
Dividends

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

68
510
-
-
municipal
12
92
-
-
national
-
7
-
-
total
12
99
-
-
Income
850
850
850
850
Total tax
321
269
340
215
After tax
529
581
510
635
Living cost
453
453
453
453
Free-cash
76
128
57
182

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Marseille , France
$66
$148
$143
$131
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
-
-
-
850
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
240
other
-
-
-
26
income
-
-
-
47
surtax
-
-
-
-
total
-
-
-
344
Employee
450
-
648
-
income
23
-
47
-
social contributions
13
-
18
-
pensions
51
-
73
-
surtax
-
-
-
-
total
87
-
138
-
Employer
450
-
648
-
pensions
74
-
106
-
social contributions
1
-
2
-
unemployment
18
-
26
-
health
32
-
45
-
other
16
-
22
-
total
141
-
201
-
Corporate
259
850
-
-
surtax
-
-
-
-
income
72
238
-
-
total
72
238
-
-
Dividends
186
612
-
-
surtax
-
-
-
-
withholding
24
78
-
-
social contributions
32
105
-
-
total
56
183
-
-
Income
850
850
850
850
Total tax
356
421
339
344
After tax
494
429
511
506
Living cost
363
363
363
363
Free-cash
131
66
148
143

Estimated living cost  is $363 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$26
$108
$103
$96
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
-
-
-
850
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
240
other
-
-
-
26
income
-
-
-
47
surtax
-
-
-
-
total
-
-
-
344
Employee
505
-
648
-
income
30
-
47
-
social contributions
14
-
18
-
pensions
57
-
73
-
surtax
-
-
-
-
total
101
-
138
-
Employer
505
-
648
-
pensions
83
-
106
-
social contributions
2
-
2
-
unemployment
20
-
26
-
health
35
-
45
-
other
17
-
22
-
total
157
-
201
-
Corporate
188
850
-
-
surtax
-
-
-
-
income
53
238
-
-
total
53
238
-
-
Dividends
135
612
-
-
surtax
-
-
-
-
withholding
17
78
-
-
social contributions
23
105
-
-
total
40
183
-
-
Income
850
850
850
850
Total tax
351
421
339
344
After tax
499
429
511
506
Living cost
403
403
403
403
Free-cash
96
26
108
103

Estimated living cost  is $403 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Paris , France
-$140
-$58
-$63
-$118
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
-
-
-
850
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
240
other
-
-
-
26
income
-
-
-
47
surtax
-
-
-
-
total
-
-
-
344
Employee
738
-
648
-
income
64
-
47
-
social contributions
21
-
18
-
pensions
84
-
73
-
surtax
-
-
-
-
total
169
-
138
-
Employer
738
-
648
-
pensions
121
-
106
-
social contributions
2
-
2
-
unemployment
30
-
26
-
health
52
-
45
-
other
25
-
22
-
total
230
-
201
-
Corporate
-
850
-
-
surtax
-
-
-
-
income
-
238
-
-
total
-
238
-
-
Dividends
-
612
-
-
surtax
-
-
-
-
withholding
-
78
-
-
social contributions
-
105
-
-
total
-
183
-
-
Income
850
850
850
850
Total tax
399
421
339
344
After tax
451
429
511
506
Living cost
569
569
569
569
Free-cash
-118
-140
-58
-63

Estimated living cost  is $569 per week

$385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$724
$597
$759
$709
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%.

-
-
-
850
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
104
-
850
-
income
21
-
170
-
total
21
-
170
-
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%.

746
850
-
-
total
-
-
-
-
Dividends
746
850
-
-
withholding
37
43
-
-
total
37
43
-
-
Income
850
850
850
850
Total tax
58
43
170
8
After tax
792
807
680
842
Living cost
83
83
83
83
Free-cash
709
724
597
759

Estimated living cost  is $83 per week

$51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Tbilisi , Georgia
$678
$551
$713
$655
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%.

-
-
-
850
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
162
-
850
-
income
32
-
170
-
total
32
-
170
-
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%.

688
850
-
-
total
-
-
-
-
Dividends
688
850
-
-
withholding
34
43
-
-
total
34
43
-
-
Income
850
850
850
850
Total tax
66
43
170
8
After tax
784
807
680
842
Living cost
129
129
129
129
Free-cash
655
678
551
713

Estimated living cost  is $129 per week

$88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
-$15
$179
$136
$139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
health

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

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

-
-
-
81
trade
-
-
-
43
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.

-
-
-
128
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
-
-
-
259
Employee

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

587
-
850
-
health

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

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

81
-
81
-
surtax

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

3
-
7
-
income

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

48
-
128
-
total
132
-
216
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
263
850
-
-
trade
38
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.

2
7
-
-
chamber of commerce
2
3
-
-
income
39
127
-
-
total
81
259
-
-
Dividends
182
590
-
-
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
8
-
-
withholding
41
143
-
-
total
43
151
-
-
Income
850
850
850
850
Total tax
256
410
216
259
After tax
594
440
634
591
Living cost
455
455
455
455
Free-cash
139
-15
179
136

Estimated living cost  is $455 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dresden , Germany
$74
$277
$229
$204
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.

-
-
-
850
health

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

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

-
-
-
81
trade
-
-
-
48
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.

-
-
-
128
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
-
-
-
264
Employee

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

451
-
850
-
health

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

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

81
-
81
-
surtax

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

1
-
7
-
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
-
128
-
total
95
-
216
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
399
850
-
-
trade
63
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.

3
7
-
-
chamber of commerce
2
3
-
-
income
60
127
-
-
total
128
271
-
-
Dividends
271
579
-
-
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
8
-
-
withholding
63
140
-
-
total
66
148
-
-
Income
850
850
850
850
Total tax
289
419
216
264
After tax
561
431
634
586
Living cost
357
357
357
357
Free-cash
204
74
277
229

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Hamburg , Germany
-$37
$171
$121
$129
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.

-
-
-
850
health

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

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

-
-
-
81
trade
-
-
-
50
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.

-
-
-
128
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
-
-
-
266
Employee

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

598
-
850
-
health

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

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

81
-
81
-
surtax

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

3
-
7
-
income

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

51
-
128
-
total
135
-
216
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
252
850
-
-
trade
41
140
-
-
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
-
-
chamber of commerce
2
3
-
-
income
38
127
-
-
total
83
277
-
-
Dividends
169
573
-
-
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
8
-
-
withholding
38
139
-
-
total
40
147
-
-
Income
850
850
850
850
Total tax
258
424
216
266
After tax
592
426
634
584
Living cost
463
463
463
463
Free-cash
129
-37
171
121

Estimated living cost  is $463 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Munich , Germany
-$118
$94
$42
$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
health

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

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

-
-
-
81
trade
-
-
-
52
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.

-
-
-
128
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
-
-
-
268
Employee

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

709
-
850
-
health

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

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

81
-
81
-
surtax

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

5
-
7
-
income

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

83
-
128
-
total
169
-
216
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
141
850
-
-
trade
24
146
-
-
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
-
-
chamber of commerce
2
3
-
-
income
21
127
-
-
total
48
283
-
-
Dividends
93
567
-
-
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
8
-
-
withholding
19
137
-
-
total
20
145
-
-
Income
850
850
850
850
Total tax
237
428
216
268
After tax
613
422
634
582
Living cost
540
540
540
540
Free-cash
73
-118
94
42

Estimated living cost  is $540 per week

$394
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.
$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

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
$270
$182
$201
$232
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
-
-
-
850
unemployment
-
-
-
3
health
-
-
-
60
pensions
-
-
-
170
other
-
-
-
-
income
-
-
-
139
surtax
-
-
-
12
total
-
-
-
384
Employee
397
-
702
-
health
10
-
18
-
pensions
26
-
47
-
surtax
1
-
11
-
other
-
-
-
-
unemployment
28
-
49
-
income
67
-
130
-
total
132
-
255
-
Employer
397
-
702
-
pensions
53
-
94
-
unemployment
13
-
22
-
health
18
-
32
-
other
-
-
-
-
total
84
-
148
-
Corporate
369
850
-
-
income
96
221
-
-
total
96
221
-
-
Dividends
273
629
-
-
withholding
41
94
-
-
total
41
94
-
-
Income
850
850
850
850
Total tax
353
315
403
384
After tax
497
535
447
466
Living cost
265
265
265
265
Free-cash
232
270
182
201

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Thessaloniki , Greece
$275
$187
$206
$239
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
-
-
-
850
unemployment
-
-
-
3
health
-
-
-
60
pensions
-
-
-
170
other
-
-
-
-
income
-
-
-
139
surtax
-
-
-
12
total
-
-
-
384
Employee
390
-
702
-
health
10
-
18
-
pensions
26
-
47
-
surtax
1
-
11
-
other
-
-
-
-
unemployment
27
-
49
-
income
65
-
130
-
total
129
-
255
-
Employer
390
-
702
-
pensions
52
-
94
-
unemployment
12
-
22
-
health
18
-
32
-
other
-
-
-
-
total
82
-
148
-
Corporate
378
850
-
-
income
98
221
-
-
total
98
221
-
-
Dividends
280
629
-
-
withholding
42
94
-
-
total
42
94
-
-
Income
850
850
850
850
Total tax
351
315
403
384
After tax
499
535
447
466
Living cost
260
260
260
260
Free-cash
239
275
187
206

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Budapest , Hungary
$249
$259
$355
$252
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
-
-
-
850
unemployment
-
-
-
13
health
-
-
-
60
pensions
-
-
-
85
income
-
-
-
104
total
-
-
-
262
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.

337
134
711
-
health
24
9
50
-
pensions
34
13
71
-
unemployment
5
2
11
-
income
41
16
87
-
total
104
40
219
-
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.

337
134
711
-
pensions
66
26
139
-
total
66
26
139
-
Corporate
447
690
-
-
income
40
62
-
-
total
40
62
-
-
Dividends
407
628
-
-
withholding
77
119
-
-
social contributions
78
121
-
-
total
155
240
-
-
Income
850
850
850
850
Total tax
365
368
358
262
After tax
485
482
492
588
Living cost
233
233
233
233
Free-cash
252
249
259
355

Estimated living cost  is $233 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Reykjavik , Iceland
-$67
-$67
-$73
-$159
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
-
-
-
850
social contributions
-
-
-
9
municipal
-
-
-
84
pensions
-
-
-
102
national
-
-
-
131
total
-
-
-
326
Employee
925
-
735
-
municipal
114
-
88
-
pensions
37
-
29
-
national
177
-
136
-
total
328
-
253
-
Employer
925
-
735
-
social contributions
10
-
8
-
pensions
74
-
59
-
total
84
-
67
-
Corporate
-
850
-
-
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%.

-
170
-
-
total
-
170
-
-
Dividends
-
680
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
850
850
850
850
Total tax
412
320
320
326
After tax
438
530
530
524
Living cost
597
597
597
597
Free-cash
-159
-67
-67
-73

Estimated living cost  is $597 per week

$406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Dublin , Ireland
-$77
-$36
-$36
-$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
69
income
-
-
-
145
total
-
-
-
214
Employee
922
-
850
-
social contributions
77
-
69
-
income
174
-
145
-
total
251
-
214
-
Employer
922
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
income
-
106
-
-
total
-
106
-
-
Dividends
-
744
-
-
withholding
-
149
-
-
total
-
149
-
-
Income
850
850
850
850
Total tax
251
255
214
214
After tax
599
595
636
636
Living cost
672
672
672
672
Free-cash
-73
-77
-36
-36

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Milan , Italy
-$44
-$86
-$39
-$199
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
-
-
-
850
regional
-
-
-
9
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
158
total
-
-
-
391
Employee
1 048
-
850
-
regional
10
-
8
-
municipal
6
-
4
-
social contributions
353
-
287
-
national
182
-
139
-
total
551
-
438
-
Employer
1 048
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
nationa
-
204
-
-
municipal
-
33
-
-
total
-
237
-
-
Dividends
-
613
-
-
withholding
-
159
-
-
total
-
159
-
-
Income
850
850
850
850
Total tax
551
396
438
391
After tax
299
454
412
459
Living cost
498
498
498
498
Free-cash
-199
-44
-86
-39

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Naples , Italy
$129
$91
$137
$102
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
-
-
-
850
regional
-
-
-
13
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
158
total
-
-
-
395
Employee
654
-
850
-
regional
9
-
11
-
municipal
3
-
4
-
social contributions
221
-
287
-
national
104
-
139
-
total
337
-
441
-
Employer
654
-
850
-
total
-
-
-
-
Corporate
196
850
-
-
nationa
47
204
-
-
municipal
10
42
-
-
total
57
246
-
-
Dividends
139
604
-
-
withholding
36
157
-
-
total
36
157
-
-
Income
850
850
850
850
Total tax
430
403
441
395
After tax
420
447
409
455
Living cost
318
318
318
318
Free-cash
102
129
91
137

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
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