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Introduced in 2013, the Greek Golden Visa program offers residency to non-EEA nationals in exchange for specific direct investments in real estate or financial instruments, as an incentive to attract international capital flows.
With the Greek government focusing on funding the pension scheme, programs such as healthcare, unemployment benefits, and education have suffered. In terms of healthcare, Greece's budget for public hospitals was slashed by 25% between the years of 2009 and 2011, leaving up to 1 million citizens without access to sufficient healthcare. [25]
Permanent residents are taxed on their worldwide income in Greece. [2] An individual in Greece is liable for tax on their income as an employee and on income as a self-employed person. In the case of an individual who is a permanent resident of Greece, their tax owed is calculated on their income earned in Greece and overseas. An individual ...
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Understanding financial literacy and having suitable types of insurance can help young adults protect their assets and future earnings, which is an essential step in becoming financially independent.
For the first half of the twentieth century, immigration mostly flowed outwards from Greece. At the turn of the century, the majority of Greek immigrants migrated to the United States; from the 1950s to the 1970s, migration flowed towards other European countries, mainly the Federal Republic of Germany, where there was a labor shortage in the rebuilding process after the second world war.
A whopping 92% of financially independent Americans say they didn’t feel that way until they hit 36.
The Economic Freedom of the World Index is a report published by the Fraser Institute in conjunction with the Economic Freedom Network, a Canadian group of independent research and educational institutes in 90 nations and territories worldwide. [2]