What Is An Expatriate Package?
The precise details of an expatriate package vary among companies but the idea is this: if you can get the expatriate package, spring for it. It’s a sweet deal. In fact, it is such a sweet deal that it is posing a political problem. Ever-pragmatic Singaporeans are asking: If expatriates get a better financial deal, why don’t I emigrate from Singapore and return as an expatriate? Early this year in 1998, a committee was formed to look into this and other dilemmas facing Singapore in the 21st century. In general, an expat package aims at taking care of the bulk of your major expenses from arrival to departure. Although the following list presents a range of items that might be covered, today’s expatriate is increasingly less likely to enjoy so many perks – simply because Singapore’s conducive environment, attractive tax rates and burgeoning talent base means there is less reason to give expatriates so many sweeteners to come – many are only too keen to do anyway.
