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The Asia-Pacific is the new expat “go to” region

By July 31, 2017July 25th, 2020FinGlobal

The Asia-Pacific is the new expat “go to” region

July 31, 2017

Why-people-immigrate-to-the-Asia-Pacific-region

With the political instability in the UK, USA and certain countries in the Eurozone, many expats are looking further afield at other countries and the opportunities they offer. Asia-Pacific (APAC) has been getting a lot of attention for all the right reasons.

Why people migrate to the Asia-Pacific region

Massive economic development

The economic conditions in APAC are very favourable and a significant amount of growth and development is taking place in the Asian markets with no sign of a slow-down in the near future. The growth in this region opens up many unexplored opportunities for a wide range of industries including manufacturing, IT, finance and real estate. Hong Kong, Tokyo and Singapore have established themselves as leading global technical hubs and the advanced technology in these regions helps spur on the overall development.

High salaries and great benefits

Hong Kong and Singapore both feature in the HSBC survey documenting where the world’s highest-paid expats live. While there is no guarantee you are going to earn an inflated salary if you move to this region, many expats report they earn substantially more in APAC than they do in their home country.

Ease of communication

English is widely spoken in many of the APAC countries, especially Hong Kong, Singapore, India. Malaysia and of course, Australia and New Zealand. If you are moving to a country where English is not so common, like Japan, it may be advisable to hire a personal translator until you are more familiar with the language.

A border-crossing gateway

The APAC region has many cheap airlines regularly flying in an out of them to other nations in the area on a daily basis. Whether you are going on holiday or needing to get to another country for a quick business meeting, there will be a flight to accommodate you.

Reasonable living costs

Many expats in the APAC region report their living costs are significantly lower than they were back in the USA or UK. Countries like Singapore, Australia and New Zealand do feature on the high cost of living lists, but the salaries you are paid in these countries often counter the costs.

A wealth of talent

If you are starting your own business in the APAC region or recruiting for your firm, you will find that many of the professionals in the region have a Master’s degree or a Post Graduate Diploma. A good education is highly prized and finding qualified, experienced people to work for you is easy. The work culture is also h3 and people tend to put in longer hours every week than other countries.

Expand your contacts

Networking in the APAC region is essential to your career development and will set you up with a web of contacts across the globe. The APAC region is densely populated with many diverse cultures. Once you have spent a year or two working in this region – you’ll have a network you can call on for the rest of your life.

If you are thinking of immigrating abroad and need any advice about your financial migration, contact us today and we’ll help you on the path to financial freedom in your new home.
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