Hong Kong is another Eastern destination that is luring in more British expats who are increasingly moving further afield, and in the process eschewing traditionally popular expat destinations such as Spain and France.
A powerful economy coupled with low tax has led to Hong Kong becoming one of the prime Asian destinations along with Singapore and Malaysia.
One expat commentator remarked: “Hong Kong is very much the jewel of the Asian crown, with the lure of a thriving economy, rich and vibrant culture and low tax regime making it an obvious destination for British expats. While the markets in the West continue to struggle under the economic malaise, Asia’s growth has soared and this is undeniably exciting for British expats. As infrastructure and business models develop across Asia, and more businesses expand into Asian markets, we are likely to see a rising number of British expats turning their backs on Western Europe and the US in favour of the Far East”
Along with the aforementioned tax and salary advantages, it seems that British expats in turn are highly coveted themselves for the professional skills they possess.
If you are interested in taking your career on to the next level, speak to an IFA about how becoming an expatriate could create significant advantages.