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For most of us, international transfers will still result in a coa adjustment. It makes no sense that I would keep you at a high US salary in a market that doesn’t command it.
The only way around that wold be to do a rotational program or taking on a temporary assignment if your firm has those options. Obviously both are temporary and if you let’s say choose to stay beyond that, you will be treated as local employees and will have to be in that salary band.
Of you want it, you have to hustle. Build the network with the people, accounts, practices that do international work. Find the options/programs your firm offers. Clearly articulate the advantage to your practice. Letting it be known is a good first step but not enough.
My understanding is Uncle Sam will give you up to 100K of foreign earnings tax free, provided you are full time abroad and have 12 months consecutive work abroad. Big benefit in a country like UAE where you won't be taxed at all.
Income earned outside the US is not automatically excluded; there is an assumption you’re paying taxes elsewhere. This wouldn’t be the case in Dubai.
Asia is a big place; if you’re going to Vietnam it’s one thing, but without knowing your finances, if you’re going to Hong Kong you may struggle to survive on your present US salary. Not to mention you should expect a nightmare with regards to taxation. For example, last I checked HK residents are charged 12% tax, which helps in one of the most costliest cities in the world. But Uncle Sam will want the rest of the percentage you would have paid if you stayed in the US.
SEA will be most ideal financially but I assume opps there with a comparable salary will be even harder to find. HK and Tokyo will probably be difficult but I wouldn’t mind even living out of a hostel if I have to. I would need about $1300 every month to cover my student loan and mortgage payments. Willing to sacrifice building up the savings for the experience, just less willing to be draining it
So if you are single and live on a Budget, you can have a comfortable life with around 5-7k sgd / month - taxes extra
Is having your current firm request you to transfer the only way? I don’t have a lavish lifestyle but I still have student loans to pay off so it’ll be difficult without a US salary. Interested in Asia region
In my experience if it’s a permanent transfer you get paid by the host location in local currency. If it’s a secondment/short term transfer you may be able to maintain the US salary. Singapore is similar to HK in terms of cost of living. Malaysia is cheaper for cost of living. Not sure on the US and host country tax requirements if you live in Singapore/Malaysia but are paid in US. Also entirely unlikely if you are applying for jobs in other countries.
Not Asia, but I don’t know if you’ve considered Dubai. You definitely maintain salaries and can save a lot of money. Depending on the firm you get a housing allowance on top of your salary.
For sales force technical to be honest I have no idea what the pay is in US or UAE. I was mainly talking about management/strategy consulting.
As for taxes, you only start paying after the first 90k, and housing allowance can be deducted as long as it is used for housing (rent, utilities, etc)
I live in Singapore. Usually companies will want you to be on a local payroll. Local salaries for an experienced WD consultant will be comparable to salaries in US. If you are single, you can live a comfortable life and save much more that 1300$ a month. Local tax rates are in the 12-20% range but you will pay more by way of US taxes....Outside of Singapore, any other place in SEA will get you only half (or less) in salaries...
If you get roommates you can easily pay just under $1000