Remote work revolution: Why young talents choose Mediterranean over London
Southern European countries attract UK-based professionals with tax-friendly policies and warm climate. Digital banks data shows growing trend of British workforce relocating to Mediterranean countries
Vlad Yatsenko‚ Revoluts co-founder and tech chief sees a new work-life pattern: young British pros are trading Londonʼs grey skies for Southern Europes sunny shores
The digital-banking leader (whose company just hit 50m users) points to a clear shift: “Before younger people who wanted to build their careers would go to London; but these days they are going to Southern Europe for better financial rewards and lifestyle“
Mediterranean nations are getting smart with their talent hunt:
- Portugal offers special tax breaks for under-35s
- Italy gives tax perks to foreign workers
- Lisbon became hot-spot for tech start-ups
- Italian tech got $2bn in funding this year
The nine-year old fin-tech giant – now worth $45bn – lets its 10‚000-plus staff work remote or hybrid style. Yatsenko explains their set-up works because of strict performance tracking: workers get six weeks to step-up or step-out
Their recent UK banking license opens new paths; the company plans to roll-out all-digital mortgages first in Europe then Britain (showing solid faith in UK market despite the talent drain)
The German-born Ukrainian who helped build this banking power-house thinks UK must try harder – rival nations “are creating environments to attract talent; now the UK competes with Southern Europe
