This discussion focuses on taxation, retirement, and social rights for long-term immigrants in Israel and Liechtenstein.
Understanding these factors is crucial for long-term planning. Let's begin with Israel.
Israel offers significant tax benefits for new immigrants during their first ten years, often called the "absorption basket," to aid integration. After this period, a progressive income tax system applies. Israel also provides a comprehensive social security net including healthcare and pension benefits for long-term residents.
Now, let's consider Liechtenstein.
Liechtenstein is known for low corporate and personal income tax rates, appealing to those in asset management and private banking.
However, retirement in Liechtenstein relies heavily on private pension schemes and personal wealth, with limited social security support for newcomers.
In summary, Israel prioritizes a comprehensive social security system, while Liechtenstein's tax benefits primarily favor the wealthy. Each country presents unique advantages and disadvantages for long-term immigrants.