Tuesday, July 9 2019 15:59
Karine Melikyan

HSBC Expat Survey: Switzerland is the best place in the world to live and work

HSBC Expat Survey: Switzerland is the best place in the world to live   and work

ArmInfo.HSBC Expat has found that Switzerland is considered to be the best place to live and work taking the crown from Singapore after four consecutive years at the top. This is evidenced by the 12th annual league table of the best places to live and work, by HSBC Expat.

The survey was open to adults over 18 years old currently living away from their country of origin/home territory. The survey was completed by 18,059 expats from 163 countries and territories through an online questionnaire in February and March 2019, conducted by YouGov and commissioned by HSBC Expat. A minimum sample of 100 expat respondents is required for a country or territory to be included in the league table, with 33 qualifying in 2019. According to the HSBC Expat study provided to ArmInfo by the press service of HSBC Bank Armenia, Switzerland took the first position in the 2019 rating due to high salaries, a stable economy and good prospects for children. In particular, eighty-two per cent of those in Switzerland say they have seen an improvement in their quality of life since moving there. Seventy per cent say the surroundings are cleaner and more pleasant than in their home country and 42 per cent feel physically healthier since moving, above the global average of 33 per cent.

Financial factors have also contributed to the country's success in HSBC's league table. Seven in 10 (71 per cent) of those who have moved to Switzerland now enjoy higher levels of disposable income with their average salary being $111,587, well above the global mean of $75,966. With the major Swiss city of Zurich being one of the world's premier financial hubs, one in five (19 per cent) foreign young professionals in the country work in the financial services industry. Singapore, holding the leadership in the HSBC Expat rating for the past four years, is now in second place. The third position was taken by Canada, the fourth - Spain, and the fifth - New Zealand. The top ten also includes Australia, Turkey, Germany, the United Arab Emirates (UAE) and Vietnam. The authors of the research note that young professionals who move abroad before their 35th birthday see bigger increases to their earnings and get promoted more quickly.

They see average wage increases of 35 per cent after relocating overseas, with the average salary rising from $40,358 to $54,484. This is far higher than for older professionals - earnings for 35-54 year olds increase by just under a quarter (24 per cent), and the over 55s see an average nine per cent increase, when moving for work '' Contrary to backpacking millennial stereotypes, younger people are more likely to move abroad to progress their career (47 per cent) and increase their salary (29 per cent) than any other age group - and it is paying off. Thirty-one per cent are promoted more quickly as a result, while 71 per cent have picked up new skills. Meanwhile, 55 per cent say they are more confident and 36 per cent believe they have become more creative'', the research reads. Generation rent are also putting property ownership high on their agenda, according to HSBC's research. Buying a house is the top financial priority for 18 to 34 year olds who move abroad for work, with 45 per cent of them already on the property ladder in at least one country and six per cent owning homes in two different countries. Paul Edgar, HSBC Bank Armenia Chief Executive Officer, said, "The survey shows that young professionals around the globe are ready to move and progress their career elsewhere. It also shows that their decision to move is influenced not only by financial and career considerations, but also to improve the quality of life. This trend is now evident everywhere in the world, including Armenia, where many young professional move to different locations to progress in their career and improve the quality of life. As the largest global banking and financial services organization, which strives to help people to fulfil their hopes and realize their ambitions, HSBC is fully tailored to address the financial needs of the customers deciding to move abroad."

According to the National Statistical Service of the Republic of Armenia, 7145 foreign nationals received RA resident cards in 2018. Majority of them are citizens of India (1907), the Russian Federation (1135) and Iran (1130). 1710 out of 7145 foreign nationals received permanent resident cards, while 5435 foreigners received temporary residence permits. Most of those with permanent resident cards are citizens of the CIS countries (1067) and the EU countries (67). To note, HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves more than 39 million customers worldwide in 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,66 bn at 31 March 2019, HSBC is one of the world's largest banking and financial services organisations. HSBC offers banking services to individuals as well as to corporate and institutional clients. HSBC Bank Armenia cjsc was established in 1996.

The bank is a joint venture between the HSBC Group, which has 70 per cent ownership, and a member of overseas Armenian business with 30 per cent ownership. HSBC Armenia serves around 30 000 customers through eight offices located in Yerevan and around 392 employees. As of 31 December 31, 2018, the bank has assets of AMD 268 billion including the ones, allocated with the mediation of the HSBC Holdings plc.

POST A COMMENT
Input digits     

News
A major fire swept overnight in Victory Park in YerevanA major fire swept overnight in Victory Park in Yerevan
Volodymyr Zelensky has dismissed Ambassador of Ukraine to ArmeniaVolodymyr Zelensky has dismissed Ambassador of Ukraine to Armenia
A man died in Sisian as a result of mine actutionA man died in Sisian as a result of mine actution
US Congress members welcome democratic changes in Armenia and are  ready to support development of the Armenian-American agendaUS Congress members welcome democratic changes in Armenia and are  ready to support development of the Armenian-American agenda
Requirement to suspend the authority of a member of Supreme Judicial  Council rejectedRequirement to suspend the authority of a member of Supreme Judicial  Council rejected
Zohrab Mnatsakanyan: Armenia stands ready to cooperate with all  interested parties to recover ancestral presence of Christians in the  Middle EastZohrab Mnatsakanyan: Armenia stands ready to cooperate with all  interested parties to recover ancestral presence of Christians in the  Middle East
In Beirut, viewing of In Beirut, viewing of "Cilicia: The Land of Lions" historical  trilogy  was hold with great success 
Armenian Diaspora Commissioner kept his word and made the first  official visit to RussiaArmenian Diaspora Commissioner kept his word and made the first  official visit to Russia
Representatives of Ombudsman`s Office made a sudden visit to the  Nubarashen prison on the complaint of person who went on a hunger  strikeRepresentatives of Ombudsman`s Office made a sudden visit to the  Nubarashen prison on the complaint of person who went on a hunger  strike
Two people injured during the evacuation of passengers on  Moscow-Yerevan flight continue are still in hospitalTwo people injured during the evacuation of passengers on  Moscow-Yerevan flight continue are still in hospital
Politician: Only by solving employment problem of citizens it will be  possible to prevent future Politician: Only by solving employment problem of citizens it will be  possible to prevent future "Ijevans" 
Forecast: If focus is made solely on the legitimacy of power in  Armenia, the country may transform into a totalitarian stateForecast: If focus is made solely on the legitimacy of power in  Armenia, the country may transform into a totalitarian state
"My Step" Charitable Foundation will provide financial support for   completion of  construction of a new building of "MY WAY"  TRAINING AND REHABILITATION CENTER
Expert: To resolve the issue of illegal logging requires an  integrated approachExpert: To resolve the issue of illegal logging requires an  integrated approach
Israel apologizes for incident of beating Armenians in JerusalemIsrael apologizes for incident of beating Armenians in Jerusalem
Proceedings in case of Robert Kocharyan suspended: Constitutional  Court sought advice from ECHR and Venice CommissionProceedings in case of Robert Kocharyan suspended: Constitutional  Court sought advice from ECHR and Venice Commission
Ameriabank acts as financial intermediary in USD 175mln  securitization transaction launched by responsAbility AGAmeriabank acts as financial intermediary in USD 175mln  securitization transaction launched by responsAbility AG
Forecast: Forecast: "Prodemocratic" rhetoric will increasingly camouflage the  pragmatic interests of EU
Armenian entered the top 15 languages spoken in Russia according to  PromtArmenian entered the top 15 languages spoken in Russia according to  Promt
The number of people with disabilities per year in Armenia increased  by 3 thousandThe number of people with disabilities per year in Armenia increased  by 3 thousand
VTB Bank (Armenia) offers to make money transfers to Visa /  Mastercard /Mir cards worldwideVTB Bank (Armenia) offers to make money transfers to Visa / Mastercard /Mir cards worldwide
Buildings and structures in coastal zone of Lake Sevan below the  level of 1905 meters are illegal: The authorities are ready to  dismantle themBuildings and structures in coastal zone of Lake Sevan below the  level of 1905 meters are illegal: The authorities are ready to  dismantle them
The number of official cars in state departments of Armenia will be  minimizedThe number of official cars in state departments of Armenia will be  minimized
Judge David Grigoryan confirmed that a search was conducted in his  officeJudge David Grigoryan confirmed that a search was conducted in his  office
Y-o-y Y-o-y "shadow" turnover of illegal deforestation business in Armenia  is estimated at $ 30-40 million
Tigran Avinyan: Parliamentary elections held in December marked an  important step towards establishing a strong and robust democratic  framework in ArmeniaTigran Avinyan: Parliamentary elections held in December marked an  important step towards establishing a strong and robust democratic  framework in Armenia
Minister: A culture of alternative and renewable energy is being  actively introduced in villages of ArmeniaMinister: A culture of alternative and renewable energy is being  actively introduced in villages of Armenia
Armenian Prime Minister about the situation with the Constitutional  Court and recommendations of the Venice CommissionArmenian Prime Minister about the situation with the Constitutional  Court and recommendations of the Venice Commission
Nikol Pashinyan told why there is no progress in the Karabakh  settlementNikol Pashinyan told why there is no progress in the Karabakh  settlement
Valery Osipyan: Police will be consistent in their actions to find  and bring to justice those responsible for the clashes in IjevanValery Osipyan: Police will be consistent in their actions to find  and bring to justice those responsible for the clashes in Ijevan
Armenian FM met with Acting Assistant Secretary of State for European  and Eurasian Affairs in WashingtonArmenian FM met with Acting Assistant Secretary of State for European  and Eurasian Affairs in Washington
Nikol Pashinyan about the events in Ijevan: No one has the right to  speak the language of blackmail with the government Nikol Pashinyan about the events in Ijevan: No one has the right to  speak the language of blackmail with the government 
Prosecutor General`s Office reports cases of corruption in the Civil  Aviation Committee of ArmeniaProsecutor General`s Office reports cases of corruption in the Civil  Aviation Committee of Armenia
Expert: Sevan cleaning stations only exacerbate lake pollutionExpert: Sevan cleaning stations only exacerbate lake pollution
SIS officers searched  office of Judge David GrigoryanSIS officers searched  office of Judge David Grigoryan
Naira Zohrabyan: It is unacceptable that various political forces are  trying to politicize the issue of SevanNaira Zohrabyan: It is unacceptable that various political forces are  trying to politicize the issue of Sevan
4-member Armenian family killed in an accident near Gelendzhik4-member Armenian family killed in an accident near Gelendzhik
Expert: The shoots of Armenia from Nakhijevan is part of global  politicsExpert: The shoots of Armenia from Nakhijevan is part of global  politics
Israeli political scientist: There are all prerequisites for  long-term friendly relations with Israel. The ball is in Armenia`s  courtIsraeli political scientist: There are all prerequisites for  long-term friendly relations with Israel. The ball is in Armenia`s  court
Azerbaijani Armed Forces fired at village of Yelpin of Vayots Dzor  region of ArmeniaAzerbaijani Armed Forces fired at village of Yelpin of Vayots Dzor  region of Armenia
Housing and Wheelchair Ramp Problem to Be Solved in Aghavnadzor VillageHousing and Wheelchair Ramp Problem to Be Solved in Aghavnadzor Village
Tigran Avinyan at a meeting with the UN Deputy Secretary General  indicated the need to resolve the issue of a closed border with  TurkeyTigran Avinyan at a meeting with the UN Deputy Secretary General  indicated the need to resolve the issue of a closed border with  Turkey
47-year-old entrepreneur from Charentsavan charged with  misappropriation of 8 mln AMD in the jewelry company 47-year-old entrepreneur from Charentsavan charged with  misappropriation of 8 mln AMD in the jewelry company 
Head of Artsakh Defense Army and Secretary of the Security Council of  Armenia discussed the current operational and combat situation on the  Karabakh-Azerbaijani Line of ContactHead of Artsakh Defense Army and Secretary of the Security Council of  Armenia discussed the current operational and combat situation on the  Karabakh-Azerbaijani Line of Contact
Opportunities of increasing financial support to Armenia by the USA  discussed in Washington Opportunities of increasing financial support to Armenia by the USA  discussed in Washington 
Beeline launches an iPhone smartphone sales campaignBeeline launches an iPhone smartphone sales campaign
Delegation of the National Assembly of Armenia took part in the forum  of leaders in WashingtonDelegation of the National Assembly of Armenia took part in the forum  of leaders in Washington
IC of Armenia explained reasons for visit to IC of Armenia explained reasons for visit to "Amulsar "on cars of  Lydian Armenia 
Work is underway to activate the official page of the National  Security Service on Facebook.Work is underway to activate the official page of the National  Security Service on Facebook.
The defense of Armenia`s second president filed a cassation appealThe defense of Armenia`s second president filed a cassation appeal
Lavrov: Armenia is Russia`s key partner in TranscaucasusLavrov: Armenia is Russia`s key partner in Transcaucasus
Volodymyr Zelensky intends to replace the ambassadors of Ukraine in  12 countries, including ArmeniaVolodymyr Zelensky intends to replace the ambassadors of Ukraine in  12 countries, including Armenia
Representatives of civil society of Armenia demand from country`s  authorities to publish all information about content of meetings with  representatives of CoERepresentatives of civil society of Armenia demand from country`s  authorities to publish all information about content of meetings with  representatives of CoE
Lena Nazaryan: Protocol of the Venice Commission harms the reputation  of the organization itselfLena Nazaryan: Protocol of the Venice Commission harms the reputation  of the organization itself
Sanitek turning Yerevan into waste landfill accuses the new mayor,  who in turn is assured in the contractor`s malpracticeSanitek turning Yerevan into waste landfill accuses the new mayor,  who in turn is assured in the contractor`s malpractice
Head of Ministry of Healthcare believes that Lake Sevan is gradually  self-cleaning; experts do not think soHead of Ministry of Healthcare believes that Lake Sevan is gradually  self-cleaning; experts do not think so
Charge against former Chief of Compulsory Enforcement Service may be  supplemented, new abuses are discoveredCharge against former Chief of Compulsory Enforcement Service may be  supplemented, new abuses are discovered
Ecologist: On the issue of Sevan, it is necessary from words proceed  to actionEcologist: On the issue of Sevan, it is necessary from words proceed  to action
From July 22, a speed camera will function on Burastan community,  Ararat regionFrom July 22, a speed camera will function on Burastan community,  Ararat region
Ardshinbank launched issuing AMD and USD bonds with emission volumes  of $ 10 million and AMD 1.5 billion Ardshinbank launched issuing AMD and USD bonds with emission volumes  of $ 10 million and AMD 1.5 billion 



Experts
NKR Foreign Minister: Future President of Artsakh should not be  associated with money and weaponsNKR Foreign Minister: Future President of Artsakh should not be  associated with money and weapons
Artsakh Foreign Minister: There are still no grounds for positive  expectations from the talksArtsakh Foreign Minister: There are still no grounds for positive  expectations from the talks
Alexey Malashenko: Alexey Malashenko: "It doesn`t matter to us who is in power in  Armenia, we will agree, all are our fellows"
Muslim Armenians in terrorist networks is a serious wake-up call for ArmeniaMuslim Armenians in terrorist networks is a serious wake-up call for Armenia
Analyst: Armenia has not realized what happened in St. PetersburgAnalyst: Armenia has not realized what happened in St. Petersburg
 Forecast: Turkey`s classification by US think tanks as a Forecast: Turkey`s classification by US think tanks as a "formal ally" will lead to increase of the importance of the South Caucasus countries
Wojciech Goretski: If Moscow could control April the war to the end, in Karabakh would have stood the Russian peacekeepersWojciech Goretski: If Moscow could control April the war to the end, in Karabakh would have stood the Russian peacekeepers
Forecast: Yerevan`s Forecast: Yerevan`s "flight" from Moscow is unlikely
State Minister: Artsakh`s economy needs investment rather than assistanceState Minister: Artsakh`s economy needs investment rather than assistance
Arayik Harutyunyan: We will in civilized manner put in their place all those who try to destabilize the situation in ArtsakhArayik Harutyunyan: We will in civilized manner put in their place all those who try to destabilize the situation in Artsakh
Hrachya Arzumanyan: There are three scenarios of Artsakh settlement in the 21st centuryHrachya Arzumanyan: There are three scenarios of Artsakh settlement in the 21st century
Armenia conducts equally open policy both in relations with the West  and RussiaArmenia conducts equally open policy both in relations with the West  and Russia
Kiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for AzerbaijanKiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for Azerbaijan
Ukrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in UkraineUkrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in Ukraine
Karabakh negotiation process has entered so-called “Cyprus path” when geopolitical players appeared in the regionKarabakh negotiation process has entered so-called “Cyprus path” when geopolitical players appeared in the region
Andrey Pyatakhin: Operators in Armenia are competing today for Internet rather than for voiceAndrey Pyatakhin: Operators in Armenia are competing today for Internet rather than for voice
France: Fake news and laws, searches and gilets jaunesFrance: Fake news and laws, searches and gilets jaunes
The elimination of Karabakh conflict and of Russian impact as well  is a direct way for US investments in Armenia and AzerbaijanThe elimination of Karabakh conflict and of Russian impact as well  is a direct way for US investments in Armenia and Azerbaijan
Manvel Sargsyan: Oligarchic order was broken in Armenia, but the  threat of a return to authoritarianism remains.(video)Manvel Sargsyan: Oligarchic order was broken in Armenia, but the  threat of a return to authoritarianism remains.(video)
Expert: Only four political forces have chances to be elected to the Armenian parliamentExpert: Only four political forces have chances to be elected to the Armenian parliament
Victor Nadein-Raevsky: The people of Azerbaijan are not ready to  realize the mistakes of the past (video)Victor Nadein-Raevsky: The people of Azerbaijan are not ready to  realize the mistakes of the past (video)
Alexander Krylov: Supporters of turning the CSTO into an influential organization are interested in the soonest overcoming of Alexander Krylov: Supporters of turning the CSTO into an influential organization are interested in the soonest overcoming of "Khachaturov`s incident."
Ambassador of Japan: Your people have a special genesis, amazing narture of endurance and optimismAmbassador of Japan: Your people have a special genesis, amazing narture of endurance and optimism
Asaf Hajiyev: I believe that if the format of the OSCE Minsk Group  does not bring results, then alternative solutions to the Karabakh  issue should be sought.Asaf Hajiyev: I believe that if the format of the OSCE Minsk Group  does not bring results, then alternative solutions to the Karabakh  issue should be sought.
Bolot Otunbayev: Cooperation between Kyrgyzstan and Armenia will  actively develop for the benefit of our peoplesBolot Otunbayev: Cooperation between Kyrgyzstan and Armenia will  actively develop for the benefit of our peoples
Ariel Cohen: The United States will act decisively to prevent violation of sanctions regime against Iran by Armenia, Georgia and AzerbaijanAriel Cohen: The United States will act decisively to prevent violation of sanctions regime against Iran by Armenia, Georgia and Azerbaijan
Zhirayr Sefilyan: The Pragmatism Of Sasna Tsrer is in Prospective WorkZhirayr Sefilyan: The Pragmatism Of Sasna Tsrer is in Prospective Work
Tevan Poghosyan: None of the political forces act to overcome the challenges facing ArmeniaTevan Poghosyan: None of the political forces act to overcome the challenges facing Armenia
Stepan Safaryan: Va Bank raid  is absolutely unpromising for parliamentary forcesStepan Safaryan: Va Bank raid  is absolutely unpromising for parliamentary forces
Avigdor Eskin: Collapse in Iran is inevitable, as a result of tough US sanctionsAvigdor Eskin: Collapse in Iran is inevitable, as a result of tough US sanctions
Commented
Nikol Pashinyan told why there is no progress in the Karabakh  settlementNikol Pashinyan told why there is no progress in the Karabakh  settlement
29 PACE MPs appealed to RA authorities to ensure rights and freedoms  of LGBT community29 PACE MPs appealed to RA authorities to ensure rights and freedoms  of LGBT community
Wojciech Goretski: If Moscow could control April the war to the end, in Karabakh would have stood the Russian peacekeepersWojciech Goretski: If Moscow could control April the war to the end, in Karabakh would have stood the Russian peacekeepers
Polish diplomat: To initiate EU-EAEU dialogue, it should be first  defined what the EAEU isPolish diplomat: To initiate EU-EAEU dialogue, it should be first  defined what the EAEU is
Robert Kocharyan to his supporters: Robert Kocharyan to his supporters: "I didn`t think that I will face  so many events``
Tomorrow Nikol Pashinyan intends to announce the second, most important stage of Armenian revolutionTomorrow Nikol Pashinyan intends to announce the second, most important stage of Armenian revolution
Robert Kocharyan insists on questioning former members of the  Constitutional CourtRobert Kocharyan insists on questioning former members of the  Constitutional Court
Armenian Health Ministry ready to take no tough measures to suppress  anti-vaccination appealsArmenian Health Ministry ready to take no tough measures to suppress  anti-vaccination appeals
Rector of the Academy of Justice: The justice system is very  sensitive and any revolutionary intervention in it can be riskedRector of the Academy of Justice: The justice system is very  sensitive and any revolutionary intervention in it can be risked
Hrachya Arzumanyan: There are three scenarios of Artsakh settlement in the 21st centuryHrachya Arzumanyan: There are three scenarios of Artsakh settlement in the 21st century
American expert criticizes Pashinyan`s policyAmerican expert criticizes Pashinyan`s policy
Ruben Vardanyan: With all the positive dynamics observed after the  revolution, there is no clear plan for the development of the country  in ArmeniaRuben Vardanyan: With all the positive dynamics observed after the  revolution, there is no clear plan for the development of the country  in Armenia
ECHR delivered verdict on claim of first president of ArmeniaECHR delivered verdict on claim of first president of Armenia
Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue 
Baku calls Yerevan to be pragmatic in Karabakh settlementBaku calls Yerevan to be pragmatic in Karabakh settlement
Asaf Hajiyev: When we are threatened, we cannot but respondAsaf Hajiyev: When we are threatened, we cannot but respond
"Do you agree to pay for job posts  that are not needed?" - Nikol  Pashinyan on reductions in Gazprom Armenia
Gagik Tsarukyan: Transgender speech in parliament was a provocation directed against the Prosperous Armenia PartyGagik Tsarukyan: Transgender speech in parliament was a provocation directed against the Prosperous Armenia Party
On May 9, on the day of the Great Victories, On May 9, on the day of the Great Victories, "Immortal Regiment"  procession will take place in Yerevan
Tigran Avinyan on dismissal of Konstantin Orbelyan: There can be no  privileged in any field, including the cultural sectorTigran Avinyan on dismissal of Konstantin Orbelyan: There can be no  privileged in any field, including the cultural sector
Analyst: Opening of the Armenian Embassy in Jerusalem will be a  brilliant tactical stepAnalyst: Opening of the Armenian Embassy in Jerusalem will be a  brilliant tactical step
American expert: Very individual processes in Armenia raised global  issuesAmerican expert: Very individual processes in Armenia raised global  issues
Pashinyan turns to citizens for advice: is it worth depriving more  than 11 thousand compatriots of benefits?Pashinyan turns to citizens for advice: is it worth depriving more  than 11 thousand compatriots of benefits?
Mailyan: Proposals and principles that have been outdated for the  last 27 years and need to be revisedMailyan: Proposals and principles that have been outdated for the  last 27 years and need to be revised
Dismantling of a cafe near Opera and Ballet Theater beganDismantling of a cafe near Opera and Ballet Theater began
Avigdor Eskin: Opening of Armenian Embassy  in Israel is a  breakthroughAvigdor Eskin: Opening of Armenian Embassy  in Israel is a  breakthrough
Ruben Varadnyan: <I am not an angel, but there is nothing we should  justify ourselves for>Ruben Varadnyan:
Alain Simonyan: Competition announced for the best tex for the new  anthem of ArmeniaAlain Simonyan: Competition announced for the best tex for the new  anthem of Armenia
Forecast:  Only the surrender of Karabakh can give reality to  prospects for Armenia`s entry into NATO Forecast:  Only the surrender of Karabakh can give reality to  prospects for Armenia`s entry into NATO 
Armenian President met with Chairman of Rockefeller Brothers Fund in  MunichArmenian President met with Chairman of Rockefeller Brothers Fund in  Munich
Search by date