Life away from the home country is difficult, but have you ever thought about what are the highest-paying countries for expats? Exposing yourself to new cultures and new ideas leads to a broadening of the horizons. On the other hand, if you have a family, you aren’t just thinking about yourself and your future, but theirs too.
Expat is a person temporarily or permanently residing in a country other than that of their citizenship. In common usage, the term often refers to professionals or skilled workers sent abroad by their employers, who can be companies, governments, or non-governmental organizations. Effectively migrant workers, they usually earn more than they would at home, and more than local employees. One of the highest-paying countries for expats is Germany. Germany has one of the strongest economies in Europe. The standard of living is extremely high and second to none, so for the expats, it is very tempting. Another country with a breathtaking nature is the Irish Republic. Total expatriate package cost is $202,973. Even when Europe collapsed during the 2009 Recession, Ireland continued to gain wealth. Did you know that Luxembourg is also one of the highest-paying countries for expats? If the high-flying, intense pressure life is not for you, Luxembourg will be a heaven, where you have an opportunity to slow down your life, stop and smell the roses, to use a worn-out cliche. There are a plenty of reasons why people move to another country, decide to leave their families and friends. Someone does that because of the adventures, others because of the money or job. Good standard of living is the most common reason why people decide to leave their country and go to live somewhere far away. Many multinational corporations send employees to foreign countries to work in branch offices or subsidiaries. Expatriate employees allow a parent company to control its foreign subsidiaries more closely. They can also improve global coordination. However, expatriate professionals are often more expensive than local employees. Expatriate salaries are usually augmented with allowances to compensate for a higher cost of living or hardships associated with a different posting.
If you want to see what are the highest-paying countries for expats, check Insider Monkey’s list of 21 Highest-Paying Countries For Expats and after reading this article you will decide to find some other place to live.