News

Going Expat?

Posted

Do you remember those days when expats would work overseas for a few years on huge salaries and then retire on a large rural property in an exotic location? ?

Does this still exist and was it really the reality?

Traditional, comprehensive, full expat packages are becoming rare these days.

Companies always try and source their talent locally, then try to keep costs down by engaging with single, no dependent candidates. When a company really needs international intelligence, they are still going to have to remunerate accordingly.

WHAT SHOULD BE COVERED?

- Relocation Allowance

- Airfare & Annual Trip Home

- Housing Allowance

- Returning home at the end of contract

- Company Car Allowance

- Education for Expat Children

- Health Insurance

The top five destinations for expat earning power are, in descending order, China, Switzerland, Singapore, Oman and Qatar. The rankings for personal disposable income alone put China top followed by Vietnam, Thailand, Qatar and Oman. The top places for job prospects are in the Middle East!

JUST REMEMBER, DO YOUR DUE DILIGENCE!

Carefully look at taxation laws and cost of living, schooling and the local community