Leo, we've discussed daily living costs, but that relates to a larger issue: how nations fund public services. Let's examine taxation, retirement, and social rights for long-term immigrants in Belgium and Oman.
Belgium has high personal income tax rates. Immigrants earning well will see a substantial portion of their income taxed.
High taxes often fund robust social security systems. In Belgium, this provides comprehensive healthcare, unemployment benefits, and a strong state pension system.
Oman, conversely, has virtually no personal income tax for many expatriates. You earn, and largely keep, your income. However, this often means a more limited social safety net, with expats relying on private health insurance and personal savings for retirement.
It's a trade-off: security versus individual responsibility. Belgium's retirement system is structured; years of contributions directly impact your state pension. Long-term legal residents build entitlement.
Oman's retirement picture for non-Omani immigrants differs significantly. There's no universal state pension; retirement security depends on employer policies – gratuity or provident fund – or personal savings.
Regarding social rights beyond taxes and retirement, long-term legal immigrants in Belgium gain access to social rights similar to citizens: social housing, family allowances, and disability support.
In Oman, social benefits for expatriates are generally limited to employer provisions or individual arrangements. Public healthcare is available, but many expats opt for private insurance.
It highlights the "long-term immigrant" perspective. It's about building a secure life. Belgium offers stability through contributions; Oman offers fiscal freedom but requires more personal responsibility.
Choosing between Belgium's high-tax, comprehensive system and Oman's low-tax, self-reliant environment is a significant decision. Do you prefer government support or managing your own financial destiny?
We aim to clarify these complexities. Share your experiences in the comments below on YouTube. More details are available on jetoff.ai.
Or use jetoff.ai to decide if high taxes or self-reliance is preferable.