UAE among top 10 countries globally for expats

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UAE among top 10 countries globally for expats

UAE among top 10 countries globally for expats

Despite the volatility in the global economy and insecurity in job markets, the UAE’s diverse business landscape and its position as a hub in the Middle East means that it continues to be an attractive destination for expats from across the world. According to HSBC’s Expat Explorer 2015 survey, the country has been singled out for the opportunities it offers people looking to build their careers or for those seeking to start their own businesses, with Dubai being chosen as the second best city globally for expat entrepreneurs.
Now in its eighth year, the survey examined the responses of 21,950 expats from across the world, and 2,000 in the UAE, to assess their views towards life in their host countries. Although the high costs of living and raising children were cited as concerns by those in the UAE, career progression opportunities, high salaries, generous benefits packages, and a greater quality of life meant that the country was ranked the ninth best place globally to set up a home.
HSBC’s research shows that expat entrepreneurs are being drawn to the world’s financial hubs, with a vast majority saying that Singapore (87%), Dubai (86%), Hong Kong and London (both 85%) are good places to start a business, far outpacing the global average of 56%. These cities provide the ideal foundations for ambitious entrepreneurial expats due to the good business conditions, world-class infrastructure, and work/life balance they offer.
A high level of confidence in the local economy is another reason that makes these cities attractive, with 56% of expats in Dubai citing this sentiment, while over two thirds (68%) say that the Emirate also offers political stability. These attitudes appear to be well founded as the UAE ranks 22nd globally out of 189 countries in The World Bank’s Ease of Doing Business index, scoring well in areas such as paying taxes, trading across borders, dealing with construction permits and registering property.
(Courtesy WAM)