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Working in Asia
Snapshot of Asia
• Language barriers | Domestic v’s MNC environments | Cultural barriers very challenging
• Industry – bilingual | Financial services – English
• Regional HQ for MNC, often have expatriate Hof/CFO
• City hubs for finance | Non city difficult to access
• Typically need employment offer before visa is extended
• Typical access through Irish Plc’s, MNC’s and FS locally
• Higher recognition of US CPA, US GAAP reporting experience
• Longer working hours | Longer commute
Why Asia ?
• Emerging market | Growth
• High energy and ambition
• Demand for skills and experience
• Cultural exchange | Personal learning
• Lack of network
• Build expatriate contacts
• Stand out and be different when you return home
Hong Kong
• Population: 7.07M• Local time: GMT +8 hrs• Climate: Subtropical• Language: English & Cantonese
• Expatriate region, densely populated & congested with modern infrastructure• High cost of living (accommodation primarily)• Visa required (more flexible) one year, HK identity Card• “The London of Asia”
Singapore
• Population: 5.08M• Local time: GMT +8 hrs• Language: English speaking• Climate: Hot & humid
• Safe, modern, less congested• Excellent base for travel in spare time• Visa required (Employment Pass) – two years• Employment secured VIP• Strong financial services centre
Shanghai
• Population: 23M• Local time: GMT +8 hrs• Climate: Subtropical• Language: Mandarin
•Mix of East & West, very densely populated, fast paced & exciting• Expensive rent, less expensive food & utilities• Visa required (less flexible) employment secured VIP• Strong domestic companies • Group HQ for MNC
Tokyo
•Population: 30M• Local time: GMT +9 hrs• Climate: Seasons• Language: Japanese (little English)
• Top three most expensive cities for expatriates• Visa required (very laborious), employment secured VIP• Strong domestic companies | Group HQ for MNC | fashion brands and automotive companies | large financial services base
Morgan McKinley Offices
Singapore30 Cecil Street,#18-05 Prudential Tower,Singapore 049712Tel: 0065 (0)6557 4655E: singapore@morganmckinley.com.sg
JapanLevel 17, Holland Hills,Mori Tower,5-11-2 Toranomon,Minato-kuTel: 00813 (0)5403 7073E: japan@morganmckinley.co.jp
ChinaSuite 15-012,15F, Hang Seng Bank Tower,1000 Lujiazui Ring Road,Pudong New Area,Shanghai 200120Tel: +86 21 5108 1200E: shanghai@morganmckinley.com
Hong KongSuite 3407, Lippo Centre,Tower II, 89 Queensway,Admiralty, Hong Kong
Tel: 00852 (0)3907 3907E: hk@morganmckinley.com.hk
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