Leo, when considering life in a new country, the less glamorous aspects, like taxation, retirement, and social rights for long-term immigrants, immediately come to mind. It's not exactly postcard material, is it?
You always choose the most engaging topics, Mira! Understanding these details is crucial for anyone planning long-term relocation. Let's start with Israel. Known for its vibrant startup scene, it also has a robust, albeit complex, tax system.
Complex is an understatement. Long-term immigrants, or Oleh Chadash, initially benefit from tax exemptions on foreign income. It's a welcoming gesture, a kind of tax holiday. However, after this period, they're subject to the progressive income tax system, along with VAT.
Correct. National Insurance contributions fund social security and healthcare. You contribute, and in return, receive comprehensive social rights. It's a well-structured system. I'm curious to hear from our listeners who've navigated the Israeli system. Share your experiences in the comments!
Now, let's contrast that with Mauritania. Taxation there is often simpler, with lower rates, but the informal economy is significant. The level of formal transparency differs considerably.
The formal pension system in Mauritania is less developed than Israel's. Retirement often relies on family support and personal savings. Social rights for long-term immigrants, outside specific sectors, may be limited compared to a more structured welfare state. It's a very different social contract.
In Israel, once integrated, you're generally covered by the public healthcare system (Kupat Holim) and can access unemployment benefits or child allowances after fulfilling residency requirements. Mauritania's formalized social safety nets for immigrants are less extensive, relying more on community-based support.
One is a well-oiled, complex machine; the other, a more communal, less formal structure. Consider which system suits you best – a meticulously planned one or a more community-based approach. For digital nomads, jetoff.ai offers further insights into these lifestyle differences.
Israel also has compulsory private pension savings alongside state pensions, actively building your retirement nest egg. In Mauritania, self-reliance or family support is more common. One offers a structured approach, the other, a more independent one. Both are valid, just different.
For our YouTube viewers, please like and subscribe! Whether it's Israel's social security or Mauritania's communal support, there's always something fascinating to learn about how nations support their long-term residents.