Find out which countries give expats the most money after taxes. You might want to work abroad for a variety of reasons, like a change of scenery, a taste for adventure, or a better climate. You will not include being poorer as a reason on your list.
The median basic net salaries for each country were converted to euros at the exchange rate on July 1, 2020, so it would be easy to compare them.
For company relocation salaries, income tax and social contributions have been taken out, and for a married employee with two children, a family allowance has been added. Bonuses, benefits, and other cash allowances are not included in the base salary.
For people looking for jobs on their own, pre-tax salaries are given, and after-tax salaries are figured out based on tax thresholds in each country.
Contractors are only given their rates before taxes, since their income after taxes depends on the total number of billable hours or days.
A high-level executive is a director or higher, or a professional who may not be in charge of other employees but has specialized knowledge. Most of the time, this would mean having a graduate degree and at least 10 years of experience in a certain field.
Mid-level jobs require at least 5 years of experience, managerial responsibility over a group of employees, or expertise and skills in a certain field.
There are many cheap places to travelaround the world. And it doesn't take much work to find them these days. No matter where you live or what you're interested in, there are a lot of places you can go to win money. In terms of income after taxes, the UAE, which includes Dubai, the expat capital of the world, is the clear winner. In the UAE, there is no income tax. The average annual salary of executives who leave their companies is €285,000. Suppose you are a contractor or a person looking for work on your own. In that case, the UAE is a great place to start a business and make money. The industries that hire the most expats are engineering (IT, energy, construction, science, etc.), sales, finance, and healthcare.
For example, a senior consultant doctor can make more than €26,000 a month, plus benefits like help with moving and a pension from the company.
In engineering, the average daily rate for a freelancer is over €900, and in sales and business development, it's €670.
Our full guide to living in Dubai will help you learn more about the options available to expats in Dubai. We also have a helpful guide to the laws and rules of Dubai that will help you learn more about how your life will change if you decide to move to the UAE.
You can maybe find some famous people live there, like the ones you can see in magazines like PureNetWorth about millionaires, so it's maybe a great spot to start a new life.
If you are a middle-level professional who is being sent to Switzerland by your company, you just got lucky. On average, after taxes, you can count on €119,000 a year.
Permanent jobs in software engineering can pay about €100,000 a year before taxes for a mid-level position if you have the skills that employers want. The numbers you get after taxes depend on where you live. If you live in Zurich, you'll have about $76,000 left over after taxes every year.
Independent contractors in the fields that people want can also expect to get fair pay. For example, a developer with four years of experience can make between €500 and €800 a day before taxes.
South Korea is a country in East Asia that is known for growing quickly. When it comes to their way of life, they have nothing less than a developed country. Also, the education and health care systems in Korea are known to be among the best in the world.
Expats who speak English can often find good jobs in Korea and make a lot of money because living there isn't very expensive. Getting a work visa is the best way to move to Korea because it lets you work and save money.
Vietnam is located in Southeast Asia. This country is also always changing to keep up with the rest of the developed world. They have a good economy, and they want more people to join them.
Compared to most other countries, Vietnam is a very cheap place to live. They are also trying to get more people to teach English with them. If you want to join the program, you will need a work visa. Right now, the health care system is great because there are so many expats. Moving to Vietnam gives you the chance to see a beautiful country as well.
Ireland wants to become a center for young entrepreneurs, so they are excited to have people from all over the world move there. Enterprise Irelandis a program that lets people request money that will help them move. The country is looking forward to becoming more diverse, and they do want to grow in the global market. The country has good health care and good schools.
Hong Kong always ranks highly in terms of how much money expats can make there. After taxes, a typical executive salary package is worth an average of €270,000.
Are you looking for a job in banking or finance that you can do on your own? On average, you can expect to make €250,000 a year, which will drop to €232,000 after taxes.
Finance is one of the main fields where expats work in Hong Kong. Almost all of the highest-paying employers, like Brookfield Investment Management, Goldman Sacks Capital Partners, Jefferies, CIMB, Commerzbank, and Takeda, are banks and financial institutions.
Is your company giving you the chance to move to Saudi Arabia? On average, you can expect to make $98,000.
Independent engineers can expect about the same, with the highest rates going to petroleum engineers.
Mid-level marketing experts are also in demand, but they are paid less. Depending on your skills and experience, the average salary for a mid-level job is around €50,000 per year. The same is true for IT, HR, sales, data, and cyber security.
Sicily is the biggest island in Italy, and there are lots of people there. Sicily is currently letting people from all over the world move there so that they can add to their population and make it more diverse.
They are willing to pay EUR 700 or more per month to fill the places that are already in the country. So, it could be a chance to move somewhere new and different.
Thailand is changing to become one of the best countries in the world, and they want more people to join them. They want both their business and their way of life to do well. People from the US and Canada have been welcome for a long time. Right now, they are calling everyone who wants to stay in the tropical paradise.
The cost of living isn't very high, and the country has all the modern conveniences. On top of that, they have a great, cheap, and reliable health care system. It's a great place for kids, too.
Indoor pool in Bangkok commercial area
- Become a Ride-Share Driver.
- Make Deliveries for Amazon or Uber Eats.
- Become a Pet Sitter or Dog Walker.
- Get a Babysitting Gig.
- Install ChristmasLights for the Holidays.
- Become a Home Organizer.
- Help With Home Gardening.
- Assist With Deliveries or Moving.
You can make money every day by making a course for different skills, like dance, drawing, cooking, etc., and selling it on sites like Udemy, Unacademy, Skillshare, Teachable, etc. Simply put, you make more money if your course is more popular.
- Identify a goal.
- Develop your skills.
- Take advantage of training.
- Test and learn.
- Set boundaries.
- Work on your personal brand.
- Find someone to confide in.
- Fill your tank.
So, here are some places that will pay you to move there or give you access to different programs if you do. Do some research on them before you make your final choice. We think that any of them would be a good way to start over in a new place to make money.