Choosing to work or set up a business abroad is a serious decision that cannot be taken lightly. It’s important to weigh up the pros and cons of any big lifestyle change such as this, and to identify exactly what motivates you to do it. There are many great reasons to work abroad. Read on for our top five.
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Get paid to travel
If you want to work abroad, the chances are that you’re into traveling, and it’s widely known that traveling is expensive. Long-term globe-trotting costs a lot, even for the most frugal of travelers. Working abroad is your chance to be paid for traveling. You can earn well and experience not only the new town that you’re living in, but also the surrounding areas. This applies equally to those working for employers and those wishing to set up their own businesses abroad.
Earn a good living
Jobs in other countries can pay just as well as in the US, if not more. Depending on which country you choose, you could earn a respectable income. Furthermore, even if the salary seems lower, the cost of living in some other places around the world is much lower than here in America. Therefore, you’ll be able to put aside much more money than you would back home. You could, for example, send spare money back for your family at home, or pay off old debts and student loans. An additional advantage to working abroad is the tax benefits that are sometimes available like the expatriate tax regime in France, even for those who wish to set up their own businesses, for example, in the Cayman special economic zone.
Personal development
Traveling to a new country and starting work there will probably take you beyond your comfort zone. Stepping out of your normal and familiar routine is likely to enable you to grow as person more than any other experience that you might encounter. Even if you’ve traveled a lot over your lifetime, this experience will give you a new outlook and expose you to different perspectives. In terms of personal development, working abroad ticks the box, both professionally and personally.
Grow your networks
Working in another country is a wonderful way to expand your networks – both professional and social networks. Whether you’ve secured a job or are running your own business, networking is often the key to success. You’ll meet a lot of new people that you never would have had access to from simply using LinkedIn. You’ll also work with the locals of the country, and those who have moved, just like you, from different parts of the world. Plus, this networking will allow you to form personal relationships and make new friends.
Discover your dream job or business
For many people, the dream of traveling comes from a desire to learn about themselves. The act of living and working abroad is likely to open your mind to new opportunities that you will enjoy. You may go to a new country to work in a particular industry, but then end up setting up a small business in something completely different. Without the experience of moving, you may never have discovered your dream business.
About Carson Derrow
