Sun rises in East, retires in West for expats - survey
FRANCE: Asia is fast becoming a top destination for professional
people and executives who go abroad for their companies, their careers
and their bank accounts: the expatriates. And Europe is largely a place
for retirement in the sun, in France and Spain, although Britain and
India came top as ideal choices for retirement, a recent survey shows.
An exception in Europe is Germany which draws in young people
boosting their careers notably in technology industries, and Britain
which ranks highly for culture and entertainment.
These are among the main findings of a vast annual survey of
so-called “expats” by HSBC bank, published in October. Finance companies
managing personal wealth take a close interest in expats who have high
earnings and savings and need advice on investment and tax.
The survey draws a global expat landscape in which the so-called
“soft” but critical resource of brainpower and special skills is being
drawn increasingly to emerging economies.
The expat sun seems to be rising in the east and retiring in the
But expats in general are feeling the chill of the cold winds of
economic downturn, particularly in Spain.
Five Asian countries ranked in the top countries for economic
attractiveness, and four in the top 12 for the overall experience of
being an expat.