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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



 Singapore                            China
 30 Cecil Street,                     Suite 15-012,
 #18-05 Prudential Tower,             15F, Hang Seng Bank Tower,
 Singapore 049712                     1000 Lujiazui Ring Road,
 Tel: 0065 (0)6557 4655               Pudong New Area,
 E: singapore@morganmckinley.com.sg   Shanghai 200120
                                      Tel: +86 21 5108 1200
                                      E: shanghai@morganmckinley.com


 Japan
                                      Hong Kong
 Level 17, Holland Hills,
                                      Suite 3407, Lippo Centre,
 Mori Tower,
                                      Tower II, 89 Queensway,
 5-11-2 Toranomon,
                                      Admiralty, Hong Kong
 Minato-ku
 Tel: 00813 (0)5403 7073
                                      Tel: 00852 (0)3907 3907
 E: japan@morganmckinley.co.jp
                                      E: hk@morganmckinley.com.hk

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Living and Working in Asia

  • 2. 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
  • 3. 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
  • 4. 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”
  • 5. 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
  • 6. 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
  • 7. 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
  • 8. Morgan McKinley Offices Singapore China 30 Cecil Street, Suite 15-012, #18-05 Prudential Tower, 15F, Hang Seng Bank Tower, Singapore 049712 1000 Lujiazui Ring Road, Tel: 0065 (0)6557 4655 Pudong New Area, E: singapore@morganmckinley.com.sg Shanghai 200120 Tel: +86 21 5108 1200 E: shanghai@morganmckinley.com Japan Hong Kong Level 17, Holland Hills, Suite 3407, Lippo Centre, Mori Tower, Tower II, 89 Queensway, 5-11-2 Toranomon, Admiralty, Hong Kong Minato-ku Tel: 00813 (0)5403 7073 Tel: 00852 (0)3907 3907 E: japan@morganmckinley.co.jp E: hk@morganmckinley.com.hk