• Expatriate Health Insurance Blog

  • Tuesday, September 19, 2017

  • Consider all the things before flying off to your new home!


    Filed Under: Blogging

Becoming an expatriate is a big step, one that needs to be taken with acute consideration and awareness. Expat means one who has completely separated himself from the previous citizenship and looks forward to a new lodge to be considered home for the rest of the life.  Have a look at some of the main things you must look after before you settle in the new city, so that any later troubles are saved.
Firstly, you need to set up a bank account before moving on. The best possible way is to open an online bank account before departure, and keep the money safe with a national, and reputed bank. However, if you still are in the process of changing your identity, and are still a US citizen, it is wise to put amount less than ten thousand dollars. Such is why because while living abroad, your account contains more than the mentioned amount, you will be asked in a lot of trouble and paperwork with authorities. It is although for the sake of security, the procedures wears one out.
You must also make sure your properties in the homeland and the host-land are in safe hands and under supervision. Once left, the properties especially that of land are difficult to supervise and inevitably leads to further similar complications. It is preferable to sell the home house when you have no intend of coming back in vacations, or have tenants or relatives living in it to keep it safe. This advice is useful for those who are fed up of taxes the government take in such cases, especially in US.
Lastly, you must first set up a job and employment warranty before abandoning the homeland. There are many questions directed toward the expats regarding citizenship and resources, hence all of these must be properly seen to. There is running and chasing, and certainly an expat knows the legwork it demands. Slipping out things that may seem trivial but are of equal importance is not allowed; the decision was yours and undoubtedly big, the consequences must be taken accordingly. Make sure you have the stamina, though!

Commenting is not available in this channel entry.

« Beware of the few important factors before signing your agreement! AON - A wonder package for all Expatiates! »