Expatriates are quite a brave population, for they are willing to leave comfort and familiarity behind in order to pursue adventure and an entirely different experience. Not only will they be dealing with a new environment, but they’ll also be adapting to the quirks and culture of the natives in their host nation. The economy and the workplace is going to be completely foreign as well. In order to make the entire move more manageable, they should choose countries which have guaranteed careers for expats.
Europe has a very competitive employment market. Austria, for one, is one of the most welcoming countries when it comes to expats looking for work. Immigrants can expect to earn an annual salary of $85,288. Another great thing about the place is that the government is aiming for a perfect balance between employment needs and quality of life.
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In Germany, foreign workers go there mainly to acquire new skills, get a secure job, and achieve career growth. Majority of expats living in this country say that job security in their host nation is better than that in their home country.
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Switzerland is another country which attracts a great number of expatriates. Not only do foreign workers earn high salaries, but the work-life balance of the place is also simply phenomenal. The country’s main selling point is its one of a kind work culture. .
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Singapore, meanwhile, would be the go-to place for expats wanting to live in Southeast Asia. Because of its flexible and accommodating corporate tax laws, it is slowly becoming a career hub. Singapore ranks high on surveys of places to live and work, and is a major magnet for foreign talents in areas such as marketing, finance, and Information technology. According to an HSBC Expat Explorer survey, nearly half of the city-state’s expatriates earn an average annual salary of more than US$200,000.
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In the Middle-East, the UAE hosts the greatest percentage of foreign workers relative to the local resident population. Its two main economic centers, Dubai and Abu Dhabi, are global cities and are highly cosmopolitan. The tax-free environment, availability of a variety of jobs, luxury living, and a largely relaxed lifestyle (compared to the rest of the Arab world) make this country popular among international workers.
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Worldwide, there are around 230 million people who consider themselves as expats. Remittances from this segment of the global workforce total to $440 billion. These make them significant economic contributors and their robust cash flow means that they are in the best position to build sustainable investment portfolios, participate in global economic activities, and create positive change in the way people approach work or business.