Let's discuss long-term immigration, focusing on taxation, retirement, and social rights. It's crucial to understand these aspects before making a significant move.
Absolutely. Navigating a new culture is challenging enough without wrestling with unfamiliar tax systems. Let's start with Guinea-Bissau. For long-term immigrants, the tax system is relatively straightforward, primarily income-based with some consumption taxes. It's simple, but that simplicity can also mean less structure.
Precisely. For long-term immigrants, especially those outside the formal sector, retirement often relies on personal savings, family support, or community networks, rather than a government pension.
In Guinea-Bissau, access to public services like healthcare and education for immigrants is basic and often depends on employment status. It's not a robust social safety net. A personal safety net is essential.
Now, let's consider Israel. Long-term immigrants, particularly new arrivals, benefit from significant initial tax benefits and exemptions.
Israel's tax system is progressive, including income tax, VAT, and mandatory National Insurance contributions ("Bituach Leumi"), their social security system. It's comprehensive but complex.
Israel's "Bituach Leumi" is a robust system. Retirement is mandatory, with contributions from both employees and employers, creating a solid foundation alongside the national old-age pension. It's a highly formalized system, unlike Guinea-Bissau's more communal approach.
Israel's National Insurance system provides a comprehensive safety net, including universal healthcare, unemployment benefits, child allowances, and disability support. Access depends on contribution history and residency.
These two models highlight the diversity of immigrant support globally. If you're planning a long-term move, researching these aspects is vital.
Indeed. Guinea-Bissau might offer a simpler, more direct approach, while Israel provides a structured system, albeit one that may require professional assistance.