Leo, let's discuss taxation, retirement, and social security for long-term immigrants in Japan and Nepal. It's complex but crucial.
Absolutely, Mira. Navigating the bureaucracies in both countries will be…interesting.
How does Japan treat long-term immigrants regarding taxes?
Japan's tax system is comprehensive. Long-term residents are generally taxed on worldwide income, similar to citizens.
What about Nepal?
Nepal's system is simpler, focusing on income earned within the country. Foreign-sourced income may have different treatment.
What about retirement planning in each country?
In Japan, the National Pension system is available to long-term residents. In Nepal, the Employees' Provident Fund (EPF) is an option for some employed residents; otherwise, personal savings are key.
And healthcare and social security?
Japan has universal healthcare, covering long-term residents. Various social security benefits are also available. Nepal's healthcare system is developing; access and quality can vary, making health insurance essential.
What's your key advice for someone planning to live long-term in either country?
For Japan, learn the language and understand the cultural nuances of the system. For Nepal, build a strong local network and seek professional financial and healthcare advice.
Excellent advice. With the right information, navigating these systems becomes manageable.
Precisely. Whether you're crafting origami in Japan or potentially herding yaks in Nepal, planning is essential.