Top 10 Things to Consider When Thinking about Moving to Another Country
People often compare relocation to a foreign country based on where they’ve previously vacationed. While this is a good choice to escape from your routine, living in your chosen destination should actually take into account your daily routine.
You’ll want access to the same resources, amenities and services you’ve come to rely on, and will need to consider how you’ll spend each day. Each destination can offer different benefits and unforeseen challenges so it is good to investigate before moving.
Living in a foreign destination does not mean that you must live remotely. The following 10 considerations can help you make better choices in your relocation strategy:
- Utilities and Infrastructure
Today, the entire planet is online. However, most people who are choosing to live in a foreign destination are able to do so because they work remotely. You’ll want to verify that you will have uninterrupted internet access with good speed, connected to a modern power grid.
- Ability to Fly Home
Whether for work or family needs, you may need to make trips back to your country of origin. Investigate ease of access to airports and whether they provide direct flights.
- Improved Quality of Life
Many destinations offer reduces costs for healthcare. You’ll want to investigate access to gyms, organic markets and recreational activities you enjoy. Quality of life should be considered in terms of your overall wellness and personal care.
- Local Transportation
Some countries will allow you to import your vehicle for a temporary period of time. Purchasing a foreign vehicle may have certain restrictions. Investigate public transportation and ease of access.
- Climate and Environment
Various destinations can offer a drier climate for those who are sensitive to humidity and arthritis. The charm of a European countryside might offer a more familiar climate than what is found near the equator. Each destination will offer different cultural, natural and weather environments that should be considered when choosing to relocate.
- Insurance and Banking
You’ll sometimes need notarized copies of important documents prior to opening a foreign bank account, gaining citizenship or accessing healthcare. Explore ease of access to your funds and availability of expat auto, health or dental policies.
- Personal Effects
Identify the cost of either shipping personal belongings or storing them long term. Explore local stores, online shopping and the ability to ship to your location.
- Cultural Considerations
Learn at least a little of the language and culture, and download a translation app on your phone to help you while you learn.
- Long Term Residency Requirements
Each destination will have different rules and requirements and many will want you to verify your income and means of support. You may need bank statements and a meeting with the consulate prior to seeking long term residency.
- Tax Considerations
Consult with a professional regarding tax considerations for both your country of origin and relocation destination. To enjoy pension and social security benefits from your country of origin, tax considerations will be important.