Best locations for expats from entrepreneurs to retirees

Published:  26 Jul at 6 PM
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A new survey has identified the best places for expats dependent on their reasons for emigrating.

Expats leave their home countries for a variety of reasons, including the need to take their careers further, the wish to unleash their entrepreneurial spirit or a wish to find the most suitable place to retire. The one thing they all have in common is that they feel stuck and unfulfilled in their present situations, but finding the best place settle can be a challenge, even in these technological days.

The survey analysed no fewer than 26 countries popular with new arrivals, taking into account personal safety, costs of living, education, political risks, heathcare costs and leisure pursuits. It also examined the tax regimes in the selected countries, many of which offer tax concessions to specifically attract foreigners.

For entrepreneurs and those looking to climb the career ladder, the winner isn’t London, it’s Hong Kong, although the UK capital did manage to achieve second place. In strong competition were Vancouver, Geneva, Vienna, Sydney and Dubai, although the desert emirate is presently mired in financial woes due to the falling oil price. Singapore, Monaco and Copenhagen were also favoured.

Would-be expat professionals searching for a good location suitable for their families should be looking at Luxembourg, Vienna, Hong Kong Geneva and, again Dubai. London also made it onto the list, along with Singapore, Vancouver, Dublin and Miami, although the tropical USA state could only reach 10th place.

Expat retirees are a different breed with differing needs best suited to Sydney, Malta, Limassol and Luxembourg. Vienna’s another option as are Faro, Vancouver, Copenhagen, Auckland and Monaco.

The survey also mentions tax advantages offered to expats, with Australia at the top of the list, followed by Cyprus, Canada and Brazil. The benefits of choosing a certain country for tax reasons include exemptions for income earned overseas and low rates of tax. Research online can determine which option is most suitable.
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