One of the easiest ways to get a raise for doing the same job is to become an expat and move overseas. HSBC’s 2018 Expat Explorer Survey polled 22,318 expats worldwide
Two-thirds of expats around the world have a $21,000 higher income as a result of moving overseas.
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For 58%, the same (or equivalent) job they were doing before moving overseas pays more in their new location. Half say they also pay less tax.
- The most lucrative salary increase comes from moving to Switzerland, if you have the right skills – it’s a $61,000 increase for the same job. (On average, expats in Switzerland earn $203,000 a year).
- Singapore ranked as one of the best places for expats to move to for the fourth year in a row. The city-state is a good place for strivers – 45% of expats moved there to grow their careers. The average expat earning is $156,000, and income taxes are low.
- New Zealand came in second on the list of the best places for expats to move, ranking high in entrepreneurship and work-life balance, as well as healthcare, quality of life, and finance. Expat tip: bring warm clothes; the houses do not have central heating.
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