Best country to save cash
#1
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Joined: Aug 2008
Posts: 6
Best country to save cash
Hi
I am CIMA qualified with 2 years post qual. exp and looking to relocate for a couple of years. I would like to move somewhere obviously with a good lifestyle but more importantly somewhere with excellent packages for people like myself so that I can save up a lot of cash.
Where would you recommend?
Thanks
I am CIMA qualified with 2 years post qual. exp and looking to relocate for a couple of years. I would like to move somewhere obviously with a good lifestyle but more importantly somewhere with excellent packages for people like myself so that I can save up a lot of cash.
Where would you recommend?
Thanks
#3
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Joined: Aug 2008
Posts: 6
Re: Best country to save cash
Thanks for you reply. Can I ask why you think Kuwait would be best? The tax free salary Im sure is one reason but is accommodation not expensive?
#4
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Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Re: Best country to save cash
The reasons are that obviously the Middle East is the place to save - and that is your criterion.
On the demand side few people want to go there even though it is a perfectly good destination - this pushes the salaries. Costs are relatively low and housing is about half of Dubai which is the obvious comparator.
The currency is depegged which means you get more GBP than for the same salary is dollars or AED. The traffic is bearable and you have time to do things. The climate is dry - UAE has a humidity pproaching 100% at times in the summer.
You can't drink alcohol but it is cheap to go to Bahrain if you want to go on the piss. The flight to London is a lot easier than from Dubai.
On the demand side few people want to go there even though it is a perfectly good destination - this pushes the salaries. Costs are relatively low and housing is about half of Dubai which is the obvious comparator.
The currency is depegged which means you get more GBP than for the same salary is dollars or AED. The traffic is bearable and you have time to do things. The climate is dry - UAE has a humidity pproaching 100% at times in the summer.
You can't drink alcohol but it is cheap to go to Bahrain if you want to go on the piss. The flight to London is a lot easier than from Dubai.
#5
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Joined: Aug 2008
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Re: Best country to save cash
Thanks for your help - sounds very much like what I would be looking for, will do some more research on Kuwait
Thanks
Thanks