What is an Expat and Why They Earn So Much

What is an Expat and Why They Earn So Much
Jun 4, 2024

In the context of an increasingly globalized society, the phenomenon of expatriation is becoming more widespread and relevant. People move abroad for a variety of reasons, ranging from job opportunities to cultural and personal experiences. However, being an expat goes beyond simply living in a foreign country; it implies a radical change in social, cultural, and work context. In this introduction, we will explore the meaning of "expat" and analyze the motivations behind the decision to expatriate, as well as the benefits and situations that this choice entails.

What Does Expat Mean? 

The term "expat" is short for "expatriate" and refers to a person who lives temporarily or permanently in a country different from the one they were born in or where they have established permanent residence. Expats usually maintain ties with their home country and may be driven to move abroad for work, study, seeking new cultural experiences, or other personal reasons. Being an expat typically involves adapting to a new cultural and social environment, as well as to a work context different from what one is accustomed to.

Who Are Expats?

Expats, or expatriates, are individuals who have chosen to live temporarily or permanently in a country different from where they were born or have established permanent residence. These individuals can come from a variety of backgrounds, including professionals, skilled workers, university students, retirees, and entrepreneurs. The motivations behind the decision to become an expat can be diverse, including job opportunities, seeking a better quality of life, a desire for new cultural experiences or education, or simply the urge to explore the world. Expats often maintain ties with their home country but also integrate into the local community of the country they reside in, thereby contributing to the diversity and cultural richness of the places they call temporary home.

Why Do People Decide to Expatriate?

The motivations behind the decision to expatriate can vary greatly from person to person. However, there are some common reasons that drive many people to make this decision:

  • Job Opportunities: Many people choose to expatriate to take advantage of better job opportunities abroad. These opportunities may include higher salaries, better working conditions, greater career advancement prospects, or the chance to work in specific sectors or industries not available in their home country.
  • Education or Research: University students often choose to expatriate to attend renowned universities or research institutions abroad, offering academic programs or research opportunities that are not available in their home country.
  • Quality of Life: Some people decide to expatriate in search of a better quality of life. This may include access to high-quality healthcare services, a safer environment, better education for their children, or a more favorable climate.
  • Cultural and Life Experiences: Many people see expatriation as an opportunity to immerse themselves in new cultures, learn new languages, and broaden their horizons. Expatriation can offer unique and stimulating experiences that enrich both personal and professional life.
  • Adventure and Discovery: Some people are motivated by adventure and the desire to explore the world. Expatriation can offer an opportunity to live new experiences, meet interesting people, and discover fascinating places.

Ultimately, the decision to expatriate is a highly personal experience and depends on the aspirations, needs, and individual circumstances of each person.

Expat: Why Do They Earn So Much?

Expats often earn more than their counterparts in their home country for several reasons:

  • Specialized Skills and Experience: Expats usually move abroad with specialized professional skills and advanced levels of experience in their field. These skills are often in high demand in the global job market and can lead to job offers with higher compensation.
  • Supply and Demand for Labor: In some countries or sectors, there is greater demand for certain skills than available supply. This can lead to competition for qualified talent and job offers with higher compensation to attract expats.
  • Favorable Tax Policies: Some countries offer more favorable tax policies for expats, such as lower tax rates or tax incentives for foreign workers. This can effectively increase expats' available income.
  • Competitive Company Benefits: Multinational companies and large corporations often offer competitive benefits and compensation packages to attract and retain top talent. These packages may include signing bonuses, company-provided housing, healthcare benefits, relocation expenses, and other financial incentives.
  • Change in Cost of Living: In some cases, the cost of living in the host country may be higher than in the home country, which can influence the salary levels offered to compensate for this change.

In conclusion, the combination of specialized skills, labor demand, tax policies, and company benefits contributes to why expats often earn more than their counterparts in their home country.

Ariv: Community-Driven Serviced Apartments Serving Expats Worldwide

Ariv warmly welcomes expats interested in relocating to Basel and/or Zug, offering tailored accommodation solutions to meet their unique needs. With a strong emphasis on community and a commitment to providing high-quality services, Ariv is the ideal choice for those seeking a welcoming and comfortable environment while settling in Switzerland.

The Benefits of Choosing Ariv

Strategic Location: Located in convenient positions in Basel and Zug, Ariv apartments offer easy access to urban centers, local attractions, and public transportation, making expats' lives more comfortable and hassle-free.

Quality Services: Ariv's fully furnished apartments are designed to offer maximum comfort and convenience. With hotel-style services, high-speed internet connection, modern appliances, and well-equipped common spaces, expats can enjoy a worry-free stay.

Community-Driven: Ariv actively promotes a sense of community among its expat residents. With regular social events, cozy common spaces, and a friendly atmosphere, Ariv provides an ideal environment to meet new people and establish lasting connections.

Local Support: Ariv's team is always available to provide support and assistance to its guests. From assistance during the relocation process to practical and cultural advice, Ariv is committed to making the adaptation process as smooth as possible for expats.

Local Experience: With its deep-rooted presence in the local community, Ariv offers expats the opportunity to fully immerse themselves in the life and culture of Basel and Zug. From recommendations on local restaurants to directions to must-visit attractions, Ariv is a reliable resource for exploring and fully enjoying one's stay in these charming Swiss cities.

With Ariv, relocating to Basel and Zug becomes a pleasant and stress-free experience, thanks to a comprehensive range of services and a welcoming environment that puts the needs of expats at the center.

To learn more about our services, visit our website and book now!