Last year in June Britain voted out of Europe. As a result of the referendum, the UK will be exiting the EU. Also, some of the UK’s businesses and citizens will be exiting the UK. Where are they heading? Some of the post-Brexit destinations for British expats might be not what you would expect.
Businesses, especially banks, are looking at possibilities to relocate to the European Union. It’s understandable, they are weary of losing their passporting rights to serve European customers.
HSBC is considering Paris. American banks that employ around 40,000 people in London are being tempted by Frankfurt. Barclays has chosen Dublin as its post-Brexit headquarters within the European Union.
Dublin is also one of the favourites with general public. The Republic of Ireland’s government say there was a nearly 10% rise in issued passports. According to ROI Foreign Affairs Minister 41% increase in applications came from Britain and a 27% from Northern Ireland.
However, it’s not Ireland that tops the list of post-Brexit destinations for British expats.
InterNations’ List of Best Post-Brexit Destinations
Global expat network InterNations conducted a survey on expat destinations. The survey aimed to find out which countries are most attractive for ready to relocate Britons.
More than 14,000 expats participated. They rated 43 various aspects of life abroad in 191 countries. From this, InterNations calculated the five clear winners.
Surprisingly (or not) only one country is part of the European Union – Malta. It also tops the list of most preferred post-Brexit destinations for British expats.
Britons make up more than 30% of all expatriates in Malta. They value the country for its climate, taxation regime, proximity to the UK and many other factors.
Malta has always been a strong contestant in attracting expats. Last year Degtev featured Malta in “Top Ten Places to Live Abroad” list. Read it to find out why Malta is such a star.
The other winners are New Zealand, Australia, Canada and Singapore.
Read the full story in Business Insider UK