rosborne
10/31/2010 11:34 EST
There are certainly pros and cons, much to consider.
For me, an American, I get great tax benefits (tax free income) from being here, but I don't know if that's a benefit for you or not.
Make sure your package includes the following: Housing or a good housing allowance (should be between 50K to 100K SR per year for a single, in my opinion) Note that it's not easy or quick to find housing, so make sure the company provides a hotel in the short term and covers all expenses (transportation, meals, etc.). Longer term you'll need or want a car, and the company should provide a transportation allowance for that - 10K SR a year or so.
You'll need to work out the transfer of funds with your company, or plan to use a money transfer service from here.
Until you get an Iqama (a residency permit) you can't open a local bank account, so make sure you have an ATM to withdraw cash in local currency. The rates are usually better through your home bank.
Travel in/out of country is easy, reasonably priced - $1200-1500 roundtrip to the USA - I don't know about Madrid. Check out expedia.com or other travel sites for rates and schedules.
Research the web, believe most of the good things you read, and discount 50% of the bad things - it's much better here, I think, than most reports. If you live conservatively and don't mind not drinking (very much), you'll find it not too bad of a place.
Downsides - not a lot to do other than work, unless you join a sports club or live on a western compound (not that western compounds are quite expensive - see what your company offers or recommends).
If your company has been established for a long time and has European or American employees in the past, they should be able to let you talk to someone that has been here before, for their company. That will help you determine how good the package is, and whether the company is one that you want to work for here (or not).
Good luck, Rob
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