1. How can you help me? 2. What are the benefits of a contract? 3. What types of job are available? 4. Who are the employers? 5. Where are the jobs based? 6. Will my salary really be tax-free? 7. What are the candidate requirements? 8. Can you help me get an internal transfer? 9. What about relocation and work permits? 10. Can my partner/spouse come with me? 11. What’s the recruitment process? 12. How do I begin?
1. How can you help me? We’ll guide you through the entire process: from the moment we welcome you as a candidate until after you’ve successfully arrived on the Island, we’re with you every step of the way. Most of our professional recruiters have worked offshore, making us ideally placed to advise you on all aspects of the transition from first-hand experience. And we’ve been helping professionals relocate since 1998 so you’re in safe hands. Nobody knows the offshore jobs market better than Hamilton Recruitment. You’ll enjoy an efficient, effective and personalised service with us.
2. What are the benefits of a contract? With a two-year contract abroad, you’ll enjoy all of the following advantages:
- Go global and internationalise your career prospects
- Benefit from significant personal growth in even a short time
- Save more for the future with a tax-free salary
- Training programs ensure continued professional development
- Gain financial services experience in a collaborative, team environment
- The chance to make a difference through being given an early opportunity to lead
- Build an international network of professional contacts
- Make yourself more marketable to future employers
- Enjoy a more exciting life and different cultural experiences
- Live in a family friendly environment, where kids can play outside safely
- Access a superior quality of life with plenty of exotic travel
- Say goodbye to bad weather, shovelling snow and long commutes
- Job security throughout your contract
It’s important to highlight that you don’t need to already have financial services experience to successfully get a job. Full training is provided. Ambition to get into the financial services sector is a key reason why many professionals decide to make the move offshore.
3. What types of job are available? ACCOUNTANTS – There are regular opportunities with the Big Four in Financial Services Audit, Financial Accounting, Risk/ Financial Advisory, US Tax and Insolvency & Corporate Recovery. LAWYERS – For qualified lawyers, there are offshore legal jobs available in Corporate & Commercial, Funds, Dispute Resolution, Private Client & Trusts, and Property. We also have openings for Trust Officers and Actuaries. Visit our Jobs page to see our latest openings.
– If you are an executive or at C-level earning base >US$150,000 per annum, we direct you to our affiliate, Hamilton Executive Search & Selection –
4. Who are the employers? ACCOUNTANTS – For finance roles, companies range from the Big Four accounting firms (Deloitte, EY, KPMG and PwC) to smaller independent practices, leading Insurance Management companies, Trust Administrators, Hedge Funds, international Banks, and boutique Insolvency players. LAWYERS – Offshore Magic Circle law firms include Appleby, Carey Olsen, Conyers, Harneys, Maples, Mourant Ozannes, Ogier and Walkers. We’re not tied to any individual firms so by registering with us you’ll get access to the entire jobs market. Our reach of contacts is close to 100%.
5. Where are the jobs based? Take your pick of the best jobs in Bermuda, the British Virgin Islands, the Cayman Islands and the Channel Islands (Jersey and Guernsey). Bermuda and the Caribbean attract the most candidate interest, perhaps given their more favourable tax rates and climate. Wherever you choose to go, hundreds of expats relocate to these locations after qualifying every year so you’ll be in good company. [Read: Which of the Islands is Best for Me?}
6. Will my salary really be tax-free? You can almost double your disposable income. There’s no income tax in the Cayman Islands or Bermuda, the latter having only a 6% payroll deduction. The British Virgin Islands is a low tax environment: at the time of writing there is an personal allowance of $10,000 and an income tax rate of just 8%. The less tax you pay, the more you get to save and spend. If you’re from the UK, read our blog for a worked example. See also our Quick Budget post from our Resources section. For more guidance on starting salaries and cost of living, ask for our All You Need to Know guide.
7. What are the candidate requirements? ACCOUNTANTS – You’ll need to have passed all your professional exams and have a minimum of 2-3 years’ relevant practical experience by the time you relocate offshore. LAWYERS – You’ll need to have been called to the bar in England & Wales or the Commonwealth, and have a minimum of 3 years’ PQE. Precise experience requirements vary by location: get your copy of our Offshore Guide for Lawyers
8. Can you help me get an internal transfer? Yes, we can. We appreciate that it’s risky to ask your home office for a transfer overseas; if your request is turned down, you’ll have shot yourself in the foot in terms of developing your career where you are now. The good news is that we facilitate internal moves all the time. As a trusted third party, we’ll ensure you’re safely considered for a transfer abroad by your current firm without jeopardising your current job. Your office where you trained will not be involved in the process until you already know that your next move is assured. In partnership with us, you’ll always be in control and in a position of security.
9. What about relocation and work permits? Contracts are typically for two years, though most people will choose to stay longer once they’ve had a chance to sample the benefits of living and working offshore. The cost of your flights, financial services training, relocation and all aspects of the work permit are met by your new employer. Ask for our All You Need to Know guide for more about work permits.
10. Can my partner/spouse come with me? As a general rule, if you’re married your partner can move with you and reside on the Island. If he/she wants to work, they’ll have to find a job and a local employer to sponsor them for a work permit. If you’re not married then your partner can only accompany you to reside offshore if they find a local employer who will sponsor them to get a work permit. A partner’s employment rarely causes an insurmountable problem for couples who are determined to relocate and willing to be patient, persistent and flexible in their search. It’s important that you make your recruitment consultant fully aware of your personal circumstances from the outset so that you can be advised properly.
11. What’s the recruitment process? Our recruitment process is extremely simple:
- We review your application. This step is to firmly establish whether we’re likely to be able to help you in your job search
- We schedule a telephone or face-to-face interview with you. In this call, we discuss your background, what you’re after and how we can help you
- We ensure your CV is fully up to date. We contact employers to identify the latest relevant opportunities
- We discuss the available openings and forward your application on agreed jobs to the employer, with a recommendation for interview
- We liaise to arrange a convenient time for your interview(s), ensuring you are properly prepared and know what to expect in the call or meeting
- When a job offer is made, we provide you with a ‘market rate’ assessment of its benefits
- Your new employer will send you an application form for the work permit
- You complete the form, sent it back, wait 6-8 weeks and start packing your bags!
12. How do I begin?
- Seen enough? Applying for a job takes just 60 seconds: dive into our Jobs page
- Want to learn more? Our Resources section has dozens of great articles on corporate culture, career benefits, financial services, tax-free saving…
- Get jobs delivered to your inbox: sign up for Hot Jobs by Email and get our All You Need to Know guide
- Not ready to go yet? Sign up for Remind Me Later and we’ll email you quarterly reminders for up to a year