Not only does Japan offer expatriates a cultural adventure, thriving culinary scene and top-notch infrastructure but also the heftiest benefit packages in the region, according to a new survey.
The value of a typical expatriate pay package for middle managers in Japan amounts to $375,289 per year on average, ECA International's annual MyExpatriate Market Pay Survey, released on Thursday, showed.
Expatriate pay packages factor in three main elements: salary, benefits – such as accommodation, international schools, utilities or cars – and tax.
Japan continues to top the ranking because of lofty income tax rates and the high cost of benefits in the country, said Lee Quane, regional director, Asia at human resources consultant ECA International.
"It's not necessarily that companies need to provide more benefits in Japan, as it is the costs associated with the benefits such as housing, education and transportation, are higher than elsewhere," he told CNBC.
After Japan, the value of expat packages was highest in Australia, India, China and Hong Kong, respectively.