According to CEOWORLD magazine, Spain has been recognized as the best country in the world for business expats in 2024. Singapore and Portugal ranked second and third, respectively. The 2024 International Executives Mobility Study placed Japan in fourth place ahead of Taiwan, which took fifth place. Finland ranked sixth, followed by Canada in seventh place. The top 10 best countries for business expats in 2024 include the United Arab Emirates in the eighth position, Israel in the ninth position, and Portugal in the tenth position. Estonia ranked No. 11, followed by Australia at No.12, and Germany at No.13.
Rise of Finland and Portugal: According to the report, Finland and Portugal are still among the top countries to consider relocating as they offer a high quality of life and are family-friendly. In 2023, these countries ranked 18th and 16th, respectively. On the other hand, Nigeria has consistently ranked last since 2013 and continues to do so. Canada, which was ranked first in 2018, is still in the top 10 but has dropped to seventh place. The Czech Republic, Austria, New Zealand, the United States, and Saudi Arabia followed in places from the 15th to the 19th.
Rank Country Score Rating
1 Spain 84.7 AAA
2 Singapore 82.5 AAA
3 Switzerland 80.1 AAA
4 Japan 78.7 AAA
5 Taiwan 78.2 AA
6 Finland 77.8 AA
7 Canada 77.6 AA
8 United Arab Emirates 77.3 AA
9 Israel 75.8 AA
10 Portugal 75.2 A
11 Estonia 74.9 A
12 Australia 74.7 A
13 Germany 74.5 A
14 Costa Rica 74.1 A
15 Czech Republic 73.8 A
16 Austria 73.7 A
17 New Zealand 73.4 A
18 United States 73.2 A
19 Saudi Arabia 72.9 A
20 Netherlands 72.7 A
21 Luxembourg 72.6 A
22 Hong Kong 72.5 BBB
23 Sweden 72.4 BBB
24 United Kingdom 71.9 BBB
25 Italy 71.7 BBB
26 France 71.6 BBB
27 Croatia 71.5 BBB
28 Hungary 71.2 BBB
29 Norway 69.7 BBB
30 Argentina 69.4 BBB
31 Morocco 69.1 BBB
32 Denmark 68.7 BBB
33 Bahrain 68.6 BBB
34 Qatar 68.5 BBB
35 India 68.3 BBB
36 Mexico 68.1 BBB
37 Bulgaria 67.8 BBB
38 Colombia 67.7 BB
39 Belgium 67.5 BB
40 Greece 67.7 BB
41 Panama 67.2 BB
42 Poland 67.1 BB
43 Chile 66.8 BB
44 Oman 66.7 BB
45 Thailand 66.5 BB
46 South Korea 66.4 BB
47 Malta 66.1 BB
48 Vietnam 64.9 BB
49 Cyprus 64.7 BB
50 Russia 64.4 BB
51 Kazakhstan 64.1 BB
52 Philippines 63.8 BB
53 South Africa 63.7 BB
54 Indonesia 63.6 B
55 Ireland 63.5 B
56 Ukraine 63.2 B
57 China 62.8 B
58 Kuwait 62.7 B
59 Egypt 62.5 B
60 Peru 62.3 B
61 Brazil 61.7 B
62 Turkey 61.6 CCC
63 Malaysia 61.5 CCC
64 Romania 61.4 CCC
65 Slovakia 61.1 CCC
66 Belarus 60.7 CCC
67 Georgia 60.5 CC
68 Nigeria 59.8 CC
The rankings are based on six major metrics. The overall Score (100%) is the sum of the following:
1. Career opportunities
2. Earning potential
3. Quality of life
4. Ease of family relocation
5. Ease of raising families
6. Ease of settling in
* An expat (expatriate) is a person who lives outside their native country.
* There is two types of business expats (also know as business expatriates).
* Category A expats: Multinationals send employees to foreign countries to work in branch offices or subsidiaries.
* Category B expats: Independent expats for business abroad.
* The survey involved respondents from 95 countries and was conducted between January 12 and March 19 this year.
* Detailed survey data and information collected directly from 112,000 Individuals, across 6 data points.
* The overall score is numerical scores given to a country based on business expats and international industry recruiters feedback. Total scores are out of 100.
* Surveys completed by 105,000 business expats and 7000 international industry recruiters around the world.
* The Ratings for structures are then generated as follows:
* For group 1, scale AAA, AA, and A — For group 2, scale BBB, BB, and B — For group 3, scale CCC and CC
* The margin of sampling error for the full sample of 115,000 respondents is plus or minus 1.2 percentage points. In addition to sampling error, one should bear in mind that as in all survey research, there are possible sources of error—such as coverage, nonresponse, and measurement error——that could affect the results.
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