Let's discuss taxation, retirement, and social rights for long-term immigrants in Greece and Malaysia. It's a crucial topic for anyone planning an international move.
Indeed. Understanding these systems can significantly impact your financial well-being. Let's start with Greece.
Greece's tax system is complex, particularly the non-dom tax regime, which offers benefits to high-net-worth individuals. For others, it's a progressive income tax system. Retirement is handled through EFKA, a contribution-based public pension system. Navigating it requires patience and possibly professional assistance.
And regarding social rights?
Public healthcare in Greece is largely linked to social security contributions. EU citizens have a smoother process, but non-EU citizens may need private insurance.
Now, let's consider Malaysia. Its taxation is generally territorial, meaning you're primarily taxed on income sourced within the country. Retirement savings are often managed through the Employees Provident Fund (EPF), which is mandatory for locals but optional for expats.
The EPF acts as a personal savings plan. Healthcare in Malaysia offers affordable public hospitals, but they can be crowded. Many expats opt for private healthcare. It's a system where your access is largely determined by your ability to pay.
So, both countries present distinct financial landscapes for immigrants. Thorough research is essential before making any significant move.
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And for detailed information on these systems, visit jetoff.ai.