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Taxes: Retirement income is subject to taxation in Bulgaria. The country’s personal income tax rate is a flat 10% . Real Estate Restrictions: Expats can purchase property in Bulgaria, but they ...
There are around 10,000 expats in the area who bring in around $360 million to the local economy annually, per Mansion Global. Cuenca expats even have their own magazine .
Michael Wallace, CEO and Tax expert at Greenback Expat Tax Services, said expats hoping to retire in Africa should consider other financial factors besides the cost of living, such as tax rates.
The largest communities of the Bulgarian diaspora in the Western part of the European Union are in Spain, Germany, the United Kingdom, France and Italy. Other places that attracted Bulgarian immigration are Australia , New Zealand , South America (especially Argentina and Brazil ), South Africa , and some expats in United Arab Emirates .
According to the Census Bureau, 1 in 5 Americans are expected to reach retirement age by 2030. This age group is the first to face that milestone without cushions like full Social Security ...
The channel began broadcasting with a two-month delay after several refusals for registration by the Council for Electronic Media. The television was owned by the Bulgarian political party Attack in the period 2009-2018, which announced the launch of its own television after the withdrawal of support from SKAT TV, which broadcasts the party's programs. [2]
Approximately 60% of Bulgarian Americans over the age of 25 hold a bachelor's degree or higher. [10] In 2015, out of 61,377 ethnic Bulgarians born outside the United States, 57,089 were born in Bulgaria, 37 in North Macedonia and 46 in Greece. [11] Bulgarian Americans have an annual median household income of $76,862. [10]
Nearly half of all families in the United States have no retirement savings, she adds. "This humanitarian and economic crisis is on the boil." Read more: Retirement planning: A step-by-step guide