A phenomenal country with no taxes and no need to repay credits

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Written by
3 years ago

Today I want to introduce you to a country that many people don't know about and can't find on the world map. It is one of the seven richest countries in the world in terms of per capita income and living standards of this very population.

And also here gasoline is cheaper than water, interest-free loans, utility bills are paid by the state, and sometimes it just forgives the borrowers all their loans!

It is a phenomenal country, which 25 years ago a neighbor mercilessly burned and mixed with the ground.

Today skyscrapers are growing here, faster than mushrooms, sales of super expensive and exclusive cars are ahead of all imaginable forecasts, and for each citizen of the country there is 1 servant and 1.5 gastarbeiters. This is the most valuable currency in the world.

It is Kuwait.

It is one of the richest countries in the world. Huge oil reserves allow living and not giving up anything. There is no place to spend money here, the size of Kuwait is slightly larger than the Kaliningrad region, and only 3.5 million people live here, of which only 1 million are citizens of the country. Among this golden million and distributed oil revenues.

For example:

Young people receive a $250,000 gift from the state for their wedding (according to other data - $15,000).

The salary of a doctor or a teacher is $15,000 (it should be noted here that local people do not work as ordinary doctors, but only in managerial positions).

For local land costs a penny, a mortgage loan of 250 000 $ can be obtained at 0%. Most likely, half the loan in 5-10 years you will simply forgive.

Medicine and education are free.

If you want to study abroad, the government will pay for your flight, tuition and a scholarship of $ 2,000.

If a Kuwaiti is ill and cannot be cured at home, the government will pay for treatment in any country for the patient, as well as all expenses for accompanying relatives.

The child allowance is $200 and is paid until the child turns 26 (twenty-six).

The allowance for a divorced woman is $1,400 per month until she finds a job.

The minimum pension is $3000.

In 2007, the government forgave citizens loans worth $1 billion.

Sometimes they just give away money, for example, in honor of the 50th anniversary of independence, everyone received $ 3,500.

Last year everybody could get the whole year free of charge products of prime necessity (rice, oil, chicken, etc.).

Monthly supplement for a scientific degree: Master - $700, Doctor - $ 1400.

A one-time bonus for teachers for experience - salary for 18 months. For men - 30 years of continuous experience, for women - 25 years.

There are a lot of bonuses in general, on average every Kuwaiti gets a bonus of 50% more to his salary.

In Kuwait, even for foreigners there are virtually no taxes. Companies that import goods into the country pay 4% - this is a very small tax.

All these bonuses apply only to Kuwaiti citizens. 70% of the country's population are disenfranchised gastarbeiters, who serve the "golden million". It is almost impossible to get citizenship.

The cost of living in Kuwait is lower than in expensive Qatar and the UAE. And the level of wages for foreign workers is higher than in the same Qatar or the Arab Emirates, where the increased demand for jobs by emigrants has led to lower wages. The cost of living in Kuwait is more or less equivalent to living in Europe.

The government provides loans of up to $1 million to build its own house, which is usually enough for a house with all the amenities for five rooms. But the most important thing is that when oil in the world market becomes more expensive, the emir forgives all debts and all loans are written off. So the Kuwaitis simply pray that oil prices will go up again.

The family is in the center of life in Kuwait. Families spend a lot of free time together, and relatives often work together.

The Kuwaitis are very hospitable people, so don't be surprised if you have dinner at 11 pm. The time before dinner is the time for communication. It is traditional to sit on pillows on the floor. And you should eat with your right hand, because the left hand is considered to be

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Comments

Wow very very nice article

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3 years ago

Thanks everyone

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3 years ago

Nice article

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3 years ago

Very interesting and informative. I'd like to visit there if I got enough money and time for it. Thanks for sharing

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3 years ago

such an interesting concept of "the golden million" i wonder what their political entanglements are

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3 years ago

This is interesting.. It's like i want to visit or work in Kuwait in the future

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3 years ago

I heard about that country before, but I didn't know that much about it, nice article.

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3 years ago