Relocate to Austria
It is not surprising that Austria is a popular choice for Expats as it boasts beautiful landscapes and scenery, not to mention that the quality of life is also known to be high. There is something left to be desired in terms of education and other criteria, but this is relative compared to other countries.
International relocation to Austria is notably easier for those within the European Union or EU citizens. For these people, it is easy to enter and move freely within the country and out of it. Working, living and getting an education in Austria is not difficult for EU and EEA citizens, and this also goes for Romanian and Bulgarian citizens.
If, however, you are a EU citizen that intends to move to Austria for more than 90 days, or 3 months, you must apply for permanent residency through a district or national authority. This requires proof of financial stability and the ability to support yourself.
For anyone who is not an EU citizen, you may require a visa to even enter Austria. These requirements and regulations are laid out and outlined on Austria’s foreign consulate website. Your local Austrian embassy or consulate can also help you go through the process of getting your visa. There are also different types of visas, some of which permit you to enter the country, others permit you to work and educate yourself in the country. For example, a six month permit is granted to non EU citizens seeking a job but who have not necessarily secured one yet. This then requires you to obtain a work permit when you do obtain a job.
Why Relocation To China Is So Great
Once you have gone through the process of applying for and receiving a visa, you will have access to some great food, wonderful people and a culture that may not be as different from the one you are used to.
With the cost of doing business continuously increasing in a number of countries, China remains by far the best place to relocate for a number of reasons. The country’s business environment and continuous open embrace make it a great place to expand a business’ boundaries.
Opportunities that make China Ideal
- Low cost of living
- Competitive salaries compared to other markets
- A world-embracing policy
- Movement of many industries to China means there is no shortage of support
China’s open policy for foreign businesses will probably only be around for only a short a while, so why not take advantage of it while it lasts? The only drawback likely to pop up is the shortage of foreign manual labor for those who are not so enthusiastic about engaging locals.
The Relocation Process
Once China is picked as a business relocation destination, the next step is to map the best location on for a certain kind of business. Mainland China and Guangzhou are popular locations for all types of business.
Upon completion of that step, finding the necessary paperwork is the next step. Most application steps and payments can be done online and are not hectic at all. Paperwork will include business licenses, tax remittance documents, and work permits.
The F Visa- or business visa- is the main preference visa for most expats in China as opposed to the Z (work) and the Study Visa. This is because of the ease of acquiring and renewing the F_Visa, which was initially meant for people on short business visits to the country.
With all documentation in place, then all is set to make a relocation. Although Mandarin is the main and national language in China, English has made inroads there and there are numerous translators available to make communication possible between the two languages.
Singapore has been touted as an alternative destination to China with better incomes. However, the process of moving to Singapore is more complicated. The bottlenecks in regulations, in the end, negate the marginal difference in earnings, making China the better choice.
Relocation cites to the movement of a business from one place to another. Usually between regions or in some cases countries. There are commonly five main reasons why a business decides to move relocate. These are a desire to reach new markets, a desire to lower costs or increase cash flow, labor or workforce issues, issues with or a need to upgrade facilities and equipment or considerations regarding the quality of life. It all comes down to the type of business and the difficulties the company faces.
Reasons for a business relocation
The leading reason for a business relocation is a need for a suitable workforce. As there is a shortage of workers in some occupations, especially regarding occupations requiring technical expertise. For these companies a relocation to an area where it’s easier to find employees who possess this expertise, might be the key to sucess.
Another main reason why a business may change its location is due to it finding itself within undersized or outdated facilities. As some companies get started in small facilities and then move to bigger ones they expand, the lack of appropriately sized facilities or the utilities and infrastructure its features are a common reason for relocation.
Cost and- or expenses are a well-known reason why a company may choose to relocate. For example, the cost of living varies significantly between U.S. cities. The cost of living in New York City is more than twice than the U.S. average, while in Little Rock, Arkansas the cost is 13% below the average. This means that a move from New York to Little Rock theoretically would yield a significant rise in savings. There are also other aspects regarding the financial profits of a relocation, as the cost for two infrastructural similar building may highly vary in price depending on its geographical location.
One issue companies must evaluate to perform a successful change of location is the quality of life for its employees. Even though the move may cut costs the business may not maintain its popularity within the employees if the relocation results in a significant harder environment. The company planning to change location should evaluate aspects of the city as educational facilities, healthcare, crime rate, recreational opportunities and other factors regarding its employee’s quality of life.
Relocating your business may be one of the best things you can do, but also carries risks. The main mistakes include ignoring quality-of-life factors, missing important cost factors because of focusing to narrowly on particular aspects, failing to look up- or missing important regulatory or environmental concerns and failing to plan the future expansion itself. The most important things to avoid is to try and do the move too cheaply much or trying to rush it.