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Expatriate Insurance News: Expats succeed setting up firms abroad

International healthcare insurance policyholders may wish to consider relocating abroad and setting up a business.

Research from the NatWest International Personal Banking (IPB) Quality of Life Index found 70 per cent of expatriate entrepreneurs believe they have accomplished more from establishing a firm overseas.

Singapore, Hong Kong and the US were highlighted as particularly good nations for enterprises, while Spain, the UAE and China were described as the worst.

Negative corporate outlooks are experienced in Portugal, Spain and France, whereas Canada, Australia and New Zealand were rated to have the best prospects.

"Setting up your own business can be difficult and you would imagine doing so abroad would be a task for the brave," NatWest IPB head Dave Isley said.

"A new breed of entrepreneurs is emerging," he added.

When asked what the major advantages are of locating a company in foreign climes, 78 per cent of expats cited faster growth.

Local knowledge can be a vital tool when setting up a firm in a different country, Emigration Expert noted.

Moving abroad? Get a free quote for your international medical insurance online.
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