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What is all the fuss about?
Simple.
1. Quality of work
2. Career progression
3. Tax free salaries
4. A wonderful lifestyle
A tax free salary based on pounds sterling is a more beautiful thing.
Salaries vary quite widely amongst firms and companies in the region.
Other firms pay a slight discount on London salaries but include benefits that significantly raise the value of the total package.
Others pay a salary that reflects a net salary in London (ie there is no substantial benefit from the tax free status) and a full benefits package, the overall effect of which is to put you in a better position than when in London due to the savings you make on all the extras.
The benefits that are offered by firms also vary. They can include accommodation allowance (your rent paid in full), a car allowance (you are provided with a car), utilities paid for, a furniture allowance, membership to leisure or beach club and sums equivalent to pension contributions and help with relocation. Not all of these are provided as standard by all firms.
The cost of living is cheaper in the region than in London (using London as the comparison because salaries are based on London levels). Hence the overall result is that you are in a stronger financial position.
The Lure of the Middle East
What is all the fuss about?
Simple.
1. Quality of work
2. Career progression
3. Tax free salaries
4. A wonderful lifestyle
Salaries
"A salary earned in pounds sterling is a beautiful thing!" this is a quote by a wise Australian, Louise Leecy (First Counsel’s international consultant based in Australia).A tax free salary based on pounds sterling is a more beautiful thing.
Salaries vary quite widely amongst firms and companies in the region.
Private Practice
Some firms pay the same amount as in London and the advantage is that there is no tax to pay at all. The top line on your pay-cheque is what you will see in your bank account.Other firms pay a slight discount on London salaries but include benefits that significantly raise the value of the total package.
Others pay a salary that reflects a net salary in London (ie there is no substantial benefit from the tax free status) and a full benefits package, the overall effect of which is to put you in a better position than when in London due to the savings you make on all the extras.
The benefits that are offered by firms also vary. They can include accommodation allowance (your rent paid in full), a car allowance (you are provided with a car), utilities paid for, a furniture allowance, membership to leisure or beach club and sums equivalent to pension contributions and help with relocation. Not all of these are provided as standard by all firms.
The cost of living is cheaper in the region than in London (using London as the comparison because salaries are based on London levels). Hence the overall result is that you are in a stronger financial position.