Whether it’s a promotion offered by your company or a complete leap into the unknown, a working abroad is a source of personal fulfillment and comes with certain advantages. Be careful not to leave without a good expatriate insurance policy.
Expatriates: Generally Higher Income:
A French employee, when he agrees to expatriate for a few years at the request of his company, can logically expect a higher income. First, of course, because this change is often the result of internal promotion, which therefore leads to an increase in your remuneration.
But also and above all because the base salary is increased by a very significant expatriation bonus, which can reach 20 to 100% of the base salary! Your business, in fact, must compensate for the additional costs generated by your expatriation such as a higher cost of living on site, the school fees for children, the possible loss of income if your spouse follows you on the site, etc.
Beyond the salary stricto sensu, you can negotiate with your employer certain benefits in kind such as a free return ticket per year, payment of moving costs
Higher Expenses Too!
The higher income of an expatriate worker must be compared with expenses which can also increase significantly. This may be the case, in particular, housing costs if the destination city is expensive (New York, London …), but also food or school fees for children if you want to enroll them in high school local French. These foreign schools typically offer an excellent level of education but can be quite expensive to enroll.
Social And Tax Benefits:(Working Abroad)
By becoming an expatriate, you will probably lose your French tax resident status since you will be living outside the country more than six months in the year, and will no longer exercise your professional activity there.
This change implies that you will no longer be subject to social security contributions (CSG and CRDS) as income from your business or property. During your brief returns to France, you can also take advantage of your resident card abroad (outside the European Union) to buy certain products duty free.
To benefit from this advantage, you will have to buy at least € 175 including tax of goods in the same store and then request an export sales slip, to be handed over to customs upon your departure.
A few key figures
– According to the Union of French Abroad (UFE), 1,710,945 people were on December 31, 2015 in the world register of French living abroad.
– 37% remained within the limits of the European Union.
– 13.7% reside in North America.
How To Inquire?
To best prepare for your future professional stay abroad, it is recommended to consult certain reference sources on the Internet. The website of the Maison des Français de l’Etranger ( http://www.mfe.org/ ) will provide you with very useful and regularly updated general information, by country. The agency for teaching French abroad ( http://www.aefe.fr/ ), as far as it is concerned, will be able to provide you with effective guidance for the education of your children in the French school network at foreign.
Working Abroad: How To Be Well Insured?
As an expatriate worker, your priority must first be to check the health insurance coverage on site for yourself and your family, and in particular the limits of the primary health insurance plan from which you will benefit.
A specialized international insurer like Allianz Travel markets “expatriate insurance” formulas designed for workers abroad, including the payment of additional medical and hospital costs up to € 150,000 as well as medical repatriation.
Even beyond health, Allianz Travel insurance provides enhanced protection on a daily basis with a civil liability option abroad covering you up to 4.5 million euros, or even an individual accident cover for the road with a ceiling ranging from 25,000 to 300,000 €.