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Started By
Message
Working out of the country?
Posted on 6/27/16 at 8:35 am
Posted on 6/27/16 at 8:35 am
As a single, experienced professional (engineering supervisor in electric utility industry) and being older I wonder sometimes why I subject myself to the everyday rat race and need a new experience/challenge. Anyone ever go work in another country? Experiences? Money better? Would you recommend it?
How'd you choose location or preference? Is there a job site specifically for these opportunities?
How'd you choose location or preference? Is there a job site specifically for these opportunities?
15
Posted on 6/27/16 at 8:45 am to BabyTac
quote:
Working out of the country?
No I work in the US. Thanks for asking.
Posted on 6/27/16 at 8:47 am to BabyTac
quote:
wonder sometimes why I subject myself to the everyday rat race and need a new experience/challenge.
Do you think working abroad is less of a rat race, than working in the US?
Posted on 6/27/16 at 8:50 am to BabyTac
In my industry, rigzone.com is a good resource.
It may still be a rat race, but you can get a chance to experience another culture, get some great experience and make some serious $$$$.
It may still be a rat race, but you can get a chance to experience another culture, get some great experience and make some serious $$$$.
Posted on 6/27/16 at 8:51 am to BabyTac
I've worked overseas before, but never on a permanent basis (longest stint was 6 weeks). It's definitely worth doing while you're unattached. Cool to see new places and experience life in other countries.
Money can be ridiculous depending on where you go (I made more than 50% of my normal years salary in that 6 week period), but the pay increase is usually directly proportional to the "misery" increase...the shittier the country the better it pays.
Money can be ridiculous depending on where you go (I made more than 50% of my normal years salary in that 6 week period), but the pay increase is usually directly proportional to the "misery" increase...the shittier the country the better it pays.
Posted on 6/27/16 at 10:08 am to BabyTac
Worked in Yemen for three years - great pay, fabulous benefits, fantastic travel opportunities. Enjoyed the people I worked with. Highly recommend that experience.
Posted on 6/27/16 at 10:16 am to BabyTac
I did it for 13 months but it was a long time ago. I enjoyed it.
Usually the money is 2 to 3 times what you make here....or more.
It depends on where you're considering going; some places are better than others.
Usually the money is 2 to 3 times what you make here....or more.
It depends on where you're considering going; some places are better than others.
Posted on 6/27/16 at 11:23 am to BabyTac
I also did it for just over a year. I got to experience new cultures, see new places and do my work in a challenging environment, which was strangely satisfying. Not to mention making roughly 2.5x the money I'd have made domestically and a nice tax break.
Posted on 6/27/16 at 11:29 am to BabyTac
quote:
Anyone ever go work in another country? Experiences? Money better? Would you recommend it?
I work a lot in Texas, which is basically another country.
Jokes aside, I am based out of New Orleans, but spend six weeks on the road one week home. I have done a project in Brazil, and I take quarterly trips to our R&D facility in the UK. I do not get any extra benefits since I am a US employee, outside of frequent flyer miles and hotel points.
Some people on my team get based in other countries (Brazil, Thailand, Vietnam, Germany, etc...) They can get extra pay depending on the situation. If you don't mind moving away, go for it if your job allows. No reason not to unless you have ties or a wife or a family here, probably best not to move them across the world.
Posted on 6/27/16 at 12:13 pm to blueridgeTiger
quote:Where did you travel to?
Worked in Yemen for three years - great pay, fabulous benefits, fantastic travel opportunities.
Posted on 6/27/16 at 12:21 pm to BabyTac
quote:
Money better?
first 100K is tax free
Posted on 6/27/16 at 1:04 pm to TigerintheNO
quote:
first 100K is tax free
Not always the case. There are a lot of rules and stipulations.
Posted on 6/27/16 at 1:27 pm to BabyTac
Please just make sure you don't go work in Dubai . The Ole Miss poster will rip you a new arse and post the same stuff over and over 10 times in your thread.
Posted on 6/27/16 at 1:56 pm to TheDeathValley
quote:
Not always the case. There are a lot of rules and stipulations.
Isn't one of them you can only be in the U.S. for a certain number of days a year(like around 30 max)?
Posted on 6/27/16 at 2:11 pm to BabyTac
I was pondering whether or not to work in Saudi Arabia because I'm an EE, however you are still required to file an annual US expat tax return and may be adversely affected by the rules and regulations of the IRS.
Even though the IRS mandates every taxpayer to report international income, it also allows for various deductions which lessen the impact of US income tax liability. The primary deductions which help to prevent double taxation and reduce the taxes you owe in the US I found to be as follows:
FEIE (Foreign Earned Income Exclusion) – Allows US expats to deduct up to $92,900 of all foreign earned income from US taxable income.
FTC (Foreign Tax Credit) – Allows US expats to clam a dollar for dollar credit against their US expat tax return for foreign taxes paid to the host country.
Foreign Housing Deduction – Allows US expats to deduct qualifying housing costs incurred by moving and living overseas.
So in short order, there are stipulations and the $100 tax free myth is not quite accurate.
Even though the IRS mandates every taxpayer to report international income, it also allows for various deductions which lessen the impact of US income tax liability. The primary deductions which help to prevent double taxation and reduce the taxes you owe in the US I found to be as follows:
FEIE (Foreign Earned Income Exclusion) – Allows US expats to deduct up to $92,900 of all foreign earned income from US taxable income.
FTC (Foreign Tax Credit) – Allows US expats to clam a dollar for dollar credit against their US expat tax return for foreign taxes paid to the host country.
Foreign Housing Deduction – Allows US expats to deduct qualifying housing costs incurred by moving and living overseas.
So in short order, there are stipulations and the $100 tax free myth is not quite accurate.
Posted on 6/27/16 at 2:18 pm to lsunurse
yep
Posted on 6/27/16 at 7:15 pm to lsunurse
quote:
Isn't one of them you can only be in the U.S. for a certain number of days a year(like around 30 max)?
You have to travel internationally at least 330 days a year.
Posted on 6/27/16 at 8:20 pm to TheDeathValley
cousin works for hailburton based in madrid. swears up and down it's been the greatest experience of his life and he ain't coming back unless forced. travels all over europe and living a totally different life.
Posted on 6/27/16 at 9:42 pm to BabyTac
In your profession, I'd assume you'd be very useful in 3rd world countries with shitty electrical infrastructure, but I have no idea what the demand or pay is.
I just got back from Costa Rica last week where they could definitely use some knowledge.
I just got back from Costa Rica last week where they could definitely use some knowledge.
Posted on 6/27/16 at 9:56 pm to BabyTac
Talk to OMLandshark. He's an expert in slave state ventures.
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