Living and Working in Asia

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