One expat survey Cayman is 4th and another is joint 2nd
Cayman highest ranking offshore centre in HSBC expat survey
1 November 2013 (Grand Cayman) – In a global comparison of countries conducted by HSBC’s Expat Explorer Survey for 2013, the Cayman Islands ranked fourth out of all countries when it comes to the best place for expats to thrive, beaten only by first-place China, second-place Germany, and third-place Singapore. In addition, it was ranked number one as the friendliest place in the world to live for expats.
The largest global expat survey of its kind, HSBC’s Expat Explorer Survey asked 7,000 expats questions relating to their finances, quality of life, and what it’s like to raise children abroad — all key decision-influencing issues when it comes to choosing the right overseas environment in which to live if you are an expat.
Cayman Finance CEO, Gonzalo Jalles, confirms the Expat Explorer Survey highlights some important advantages that positively influence professionals from overseas making the decision to move to this jurisdiction:
“Often professionals who look to move overseas will have families, and so, quality of life for the entire family within the new country is of paramount importance. The Cayman Islands ranks highest for the ‘Setting Up’ criteria in the Expat Experience league tables, which means expats based here rank Cayman higher than expats from any other country. This includes a range of setting-up measures, including traveling around locally, getting used to the local culture, making friends, finding accommodation, and organising healthcare.”
In addition, the survey highlighted how a higher proportion of expats (67%) agreed Cayman was an easy place to organise their finances, compared with the global average (51%). As a result, seven in ten (70%) expats in the Cayman Islands stated they enjoyed a higher quality of life — almost twice the global average (45%). The survey also indicated Cayman remains the friendliest country in the world, with eight in ten expats rating the destination as an easy place to make friends — the highest out of all countries worldwide.
Mr. Jalles argues that in particular, the survey puts the Cayman Islands in an extremely favourable light when compared to its main rivals:
“Not only did Cayman reach an extremely high level when compared to other countries globally, its offshore financial centre competitors, such as Bermuda, were not even mentioned in the rankings’ tables,” he said. “This confirms the Cayman Islands is in a league all of its own when it comes to choosing the right environment in which to live and work. The Cayman Islands is highly prized for its incredibly high level of quality of life for all residents, expats, and locals alike.”
For further information on Cayman Finance, please visit www.caymanfinance.ky.
Related story
Cayman gets 2nd spot for Expats – Dubai is first
By Francys Vallecillo from World Property Channel
Dubai Named Top Spot for Expats
Dubai offers the best lifestyle factors for people looking to relocate or invest, according to a global lifestyle report from Knight Frank.
Based on lifestyle factors as climate, education, leisure pursuits and the availability of quality restaurants, Dubai topped the list with the highest mark in three of the four categories. The emirate beat popular locations such as the Cayman Islands, Hong Kong, and Nassau.
Palma de Mallorca, Cayman Islands and Geneva tied for second, followed by Cyprus.
The majority of the more traditional locations did well in certain categories but were further down the list in others, the report found.
“This gave us a clear message that if you want to find the best location across the board, providing there was a reasonable presentation in each category, consistency was key,” Knight Frank said in the report.
No city in the U.S. made Knight Frank’s list for best locations.
The lifestyle report also highlighted people’s common motivation for international investment or relocation.
The business traveler, or entrepreneur seeks political stability, ease of travel, good climate and restaurant options. The location most fitting for the business traveler is Auckland, Knight Frank found.
Geneva was the top choice for families looking relocate, receiving high marks for education and security.
Meanwhile, quality of life, cost of living and personal security are the major drivers for retirees, the report found. Those factors are best found in Auckland, Ottawa and Mallorca, according to the agency.
For more on this story go to:
See also iNews Cayman similar story posted October 22 2013 “Dubai tops in global living report [Cayman is second]” at: http://www.ieyenews.com/wordpress/?s=dubai+top+spot
