Easiest countries to move to : for Indians.

#1 Oct 9th, 2009, 12:54
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I have been quite curious for last few days, what are options for Indians ? I mean outside US and Europe, or maybe in Europe itself.

Developing countries would be fine too.
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#2 Oct 9th, 2009, 13:13
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Originally Posted by shashank.aggarwal View Post I have been quite curious for last few days, what are options for Indians ? I mean outside US and Europe, or maybe in Europe itself.

Developing countries would be fine too.
With what purpose in mind, Shashank? To live there permanently? Or perhaps for a shorter period? Or to set up a business? Or something else?

Outside of the countries you mention, Singapore appears to be a good destination.. especially if you are trained in the Life Sciences( Biology, Medicine...). Canada is still friendly to folks willing to invest ( I forget the threshold, perhaps $ 100,000 ??) in( or build) businesses of whatever size.
#3 Oct 9th, 2009, 13:44
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For a few years, setting up a business. Even getting a job without very high or specialised educational qualifications.
#4 Oct 9th, 2009, 17:06
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#5 Oct 9th, 2009, 19:29
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Some questions that expats must ask themselves are common regardless of nationality: visas and work permits, salary at home vs abroad, will you like living in a foreign country, family commitments etc. The biggest one, of course, is why? The common answer is more money.

Other questions will be more Indian -and person- specific.

Generally speaking, countries closer to India are the easiest. Dubai and the middle east, Singapore, even Malaysia to an extent, Indonesia.....

Leaving aside business, people with special qualifications or experience have it easier. But then much depends on how much one wants to make.

Worth keeping in mind that the dollar is likely to slide over the years, so what seems good now may seem less good later. Also, with the new tax structure coming up in India, income tax commitments of most middle class Indians are likely to reduce. Have to factor this in.
#6 Oct 10th, 2009, 02:21
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Originally Posted by capt_mahajan View Post Worth keeping in mind that the dollar is likely to slide over the years, so what seems good now may seem less good later. Also, with the new tax structure coming up in India, income tax commitments of most middle class Indians are likely to reduce.
Two questions :

(i) What are the economic & technical reasons for insinuating that the dollar shall slide ?

(ii) Why are the tax commitments of middle class Indians likely to reduce with the new tax structure ? And what is this new tax structure we are talking of ?
#7 Oct 10th, 2009, 02:58
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Well, I hope it wasn't just politicians mouthing off, but it was in the newspapers a couple of months (?) back. Pretty major changes, with a large increase in allowed income before any tax is paid at all. I may not be a middle-class Indian, but I am a middle-class-Indian tax payer --- and it would reduce my tax bills to almost nothing. In fact, with falling interest rates reducing my income, probably actually nothing.
#8 Oct 10th, 2009, 03:22
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Originally Posted by Nick-H View Post Well, I hope it wasn't just politicians mouthing off, but it was in the newspapers a couple of months (?) back. Pretty major changes, with a large increase in allowed income before any tax is paid at all. I may not be a middle-class Indian, but I am a middle-class-Indian tax payer --- and it would reduce my tax bills to almost nothing. In fact, with falling interest rates reducing my income, probably actually nothing.
Ho hum...I know it's the Direct Tax Code and all that but it's very much in the discussion mode. By the time it's discussed threadbare, many provisions shall get whittled down. Don't go by newspapers and cheesy news channels who, in true breaking news fashion, have tom tommed the amazing reduction in tax rates and what not - they are deserving of not the Pulitzer prize but the putzer...
#9 Oct 10th, 2009, 03:26
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Don't worry, I'm not budgeting on it --- just hoping .

I'm not sure that, politically, I'm even in favour of it. I actually believe in a model where people pay taxes both so that they can receive public services and so that the less well off can benefit.

I could call it, From each according to his ability; to each according to his need --- but someone else got there first
#10 Oct 10th, 2009, 12:17
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Originally Posted by KABAARY View Post Two questions :

(i) What are the economic & technical reasons for insinuating that the dollar shall slide ?
That's the only way, the massive foreign debt will be paid. Strong dollar policy is just talk, the US will devalue to make exports cheaper, imports dearer and trigger domestic industrial growth. Quite who they will export to, is another question.

Every country under enormous debt ALWAYS prints itself out of the mess and then breaking its own currency. In the last 200 years, that's how things have happened.

As the dollar devalues, the rest of the world too tangoes, devaluing at the same rate; e.g. India M3 supply is about 20%+., otherwise there is no export sector!

This somewhat counters the original point but everyone is waiting to see who will make the first move in destabilising the dollar.
#11 Oct 10th, 2009, 12:38
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who will make the first move in destabilising the dollar.
either, a) China, once they feel they are strong enough and once they figure out how to manage the massive US debt they own.

or b) A Saddam Hussein kind of character, who will say (as SH allegedly did, touted as the real reason for the war in Iraq by some)that he wants to be paid for oil in Euros.

kabaary, I bow to your superior knowledge of taxation et al, although I hope you are proved wrong, and the media (for once) proved right.

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