|  NEWS

foreignersSwitzerland has ranked as the top destination for expatriates, replacing Singapore for the desired spot, Business Standard reports.

According to a study by HSBC, Switzerland was listed as the best pace to live and work, jumping from No.8 in 2018 thanks to its earning potential and stability.

The country has also been praised for being a family-friendly location that is well suited for raising children and choosing as your long-term home, while also offering great career options due to being home to some of the biggest private banks, commodity traders and pharmaceutical companies.

The study also revealed that the average Swiss salary, being $111,587 is 47% more than the $75,966 mean pay package registered across the 33 nations surveyed by HSBC. Furthermore, seven out of 10 expats said that they had more disposable income after moving to Switzerland.

On the other hand, Switzerland’s rankings for making friends and providing a sense of fulfilment were not among the highest, placing 24th and 31st respectively.

When speaking in a Bloomberg Television interview, John Goddard, head of HSBC’s expat unit said: “Expats are increasingly looking at more than just the financial returns they get from moving to a new market.

“They’re looking at work-life balance, the general environment in which they want to bring up their children, they’re looking at safety, and Switzerland marks really well against all those different categories.”

Meanwhile, Singapore dropped to second after placing first for four consecutive years, while Turkey and Spain’s ranking shot up. Turkey’s ranking skyrocketed from 22nd to 7th as a result of its welcoming communities and life made easy for expats, while Spain shot up nine places to 4th due to its quality of life and high ranking for physical and mental well-being.

Category

Tags

  • tourism

News you might like

Media contact

deVere Switzerland’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Switzerland’s Head of Public Relations on [email protected] or call +44 2071220925