I lived in Vienna for 6 years and can confirm it's an awesome place to live but it comes with A LOT of downsides: 💸 you will pay 50% tax as a self-employed The 48% income tax bracket in Austria is starts with €70k, and if you are growing your online biz you will reach it soon Founding your company elsewhere like Dubai or Singapore won't work – Austria looks at the effective place of management, and if you live in Austria you will need to pay both PIT and CIT here no matter where your company is set up Social security contributions in Austria are a de facto progressive income tax as well. Your base for it is capped at €97k per year, but below that you will pay 27% of income for social security + complusory state health insurnace The state health insurance doesn't cover dentist work and you will still need to pay 10% of the cost of each doctor's visit You will also never fully use your social security until you reach pension, because entrepreneurs in Austria are not automatically entitled to unemployment benefits unlike regular employees (absurd, given how much tax u pay) 💃 nightlife in Vienna is practically non-existent. Austria is a nation of early wake-upers. People get up at 6 ot 7, do a lot of sports (which is nice), but most restaurants close before 23:00, and clubs are empty at 2 AM already 🛒 grocery shops close at 8 PM on weekdays and don't work on Sundays. this creates a lot of stress cause you need to plan all your groceries, and grocery/healthy food deliveries after 8 PM don't exist In no other place have I spent so much time on day-to-day chores such as cooking, cleaning, and groceries as in Vienna – outsourcing chores in Austria is simply not a thing Vienna is a great place to raise a child or live off your wealth after you turn 60, but it's pretty terrible for young people and especially entrepreneurs