September 16, 2024
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By Eva Clarke
Looking to expand your team abroad? We’ve identified key cost-effective locations that offer strong talent pools, tax compliance ease, and time zones aligned with European business hours. Dive into our in-depth analysis to explore the talent landscape, tax considerations, and potential hiring challenges in these strategic hubs.
Summary:
Eastern Europe: Poland, Romania, and Hungary remain highly attractive for financial operations roles due to their strong educational systems, competitive salaries, and business-friendly tax environments.
Southern Europe: Ideal for middle-office and compliance roles, particularly in cities like Lisbon and Madrid, though salaries are slightly higher.
Baltics: Provide emerging hubs for financial services outsourcing, offering competitive salaries and low tax rates within the EU.
South Africa: Johannesburg offers a strong talent pool in financial services, particularly for back-office and middle-office roles, but is more expensive than the Baltics.
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