The rise of remote and freelance work has created ample opportunity for people around the world to follow their dreams. Additionally, it’s allowed entrepreneurs to be able to travel the world and live wherever they want while maintaining a steady income.
Even with one of the main barriers to traveling gone, moving abroad isn’t a simple task. Here are five important considerations to keep in mind when packing your bags for greener pastures.
Moving Your Things
If you plan on staying in your new location for a while, you’ll need to consider how you’re going to move your things, especially if you plan on taking your vehicle. According to ExecutiveAutoShippers.com, a lot of people have the misconception that they can’t bring their vehicle with them. Instead, they sell the one they have currently and purchase a new one, indirectly adding thousands of dollars to their moving bill.
If you decide not to bring your items with you, you must consider what you’ll do with them. You can either sell all of your furniture or invest in a storage facility. Think long and hard about which approach you’d like to take, especially if there’s any concern that you might not stay gone for long.
Visas and Immigration
Whether you plan on spending six months or six years in a place, you need to look at if you’ll legally be allowed to. Every country has different requirements for visiting and staying within their borders. Some countries even require financial proof that you have a job lined up or that your self-employment is profitable enough to support your stay.
The visa and immigration regulations are one of the first things you should investigate when considering moving to a new country. There may be time limits that you’ll have to work around or barriers preventing you from owning property there.
There are two overarching considerations when moving abroad that pertain directly to your quality of life: healthcare and, if you have children, schooling. The healthcare system where you’re moving could be completely different from the one you currently use. Additionally, if you have private insurance, you’ll have to investigate your coverage in a new location.
If you have school-age children, you’ll have to consider how their education will be affected. Different countries have completely different systems and often present them in languages other than your own. Will you homeschool– or worldschool as it’s sometimes called in this situation– or will you try to put them in a school in your new locale?
Where Will You Live?
Staying in a hotel or Airbnb will only take you so far. Where will you live when you get to your new country? Will you rent a property or purchase some? What do you know about the areas you’re looking at moving into? You might have realistic hopes and dreams of moving to Scotland, but how will you know that you’re not moving into a terrible neighborhood?
Take time to become familiar with the different areas and communities in the country you’re considering. Then, do some research regarding housing and how to put a roof over your head.
They say two things are inevitable: death and taxes. While the former is hopefully years off, the latter will come back to get you within the next 12 months. It’s your responsibility to understand your tax requirements in your home country when leaving, as well as the new country that you’ll be staying in. Much of your taxation requirements will be contingent on the type of visa you have and any treaties between your two homes.
There are a lot of significant things to consider when moving abroad that don’t even show up on the radar when moving across the country. Be sure to do your research before making any big changes.