How to Move Abroad SUCCESSFULLY: 12 Steps You MUST Take!

Summary

This video by Start Abroad outlines 12 crucial steps for those considering a move to a new country, focusing on Americans, Canadians, Brits, and English speakers relocating to Portugal, Costa Rica, Panama, and soon, Spain. Key topics include choosing the right location, securing visas, finding housing, dealing with taxes, healthcare, and transportation, and managing the logistics of moving pets, family, or belongings. The speaker emphasizes the importance of connecting with expats and being prepared for the challenges of international relocation. Start Abroad offers personalized support and consultations for those navigating this process.

Takeaways

• 🌍 The first step in moving abroad is choosing a location that resonates with you and matches your preferences, such as weather, culture, and language.
• 👨‍👩‍👧‍👦 If you're moving with family, consider their needs too, including schooling options for children and job opportunities for a partner.
• 🛂 Understanding visa options is crucial, with choices like digital nomad, retiree, and investor visas, each with its own requirements and benefits.
• 🏠 When deciding between renting and buying, it's often recommended to rent initially until you're certain about the location.
• 📦 Consider what to take, store, or ship. Some people choose to bring everything, while others prefer a minimalist approach, bringing only essentials.
• 🚗 Think about how you’ll get around in your new location—reliable public transport might reduce the need for a car, or a vehicle might be necessary in more rural areas.
• 💊 Research the healthcare system of your new country, including the differences between public and private care, and consider health insurance options.
• 💰 Understand the tax implications of moving abroad, especially for American citizens who must still file U.S. taxes even when living abroad.
• 🏦 Decide whether to open a bank account in your new country or manage finances through your home country’s bank, and understand money transfer options.
• 🧑‍🤝‍🧑 Connecting with other expats before and after the move can be a valuable source of advice, support, and social connection during the transition.

Q & A

What is the first step to consider when planning to move to a new country?

The first step is choosing a location. It's important to pick a country that resonates with you, ideally one you've visited and felt a connection with. Consider factors like weather, language, culture, and visa options.

How should someone approach relocating with their family?

When relocating with family, consider everyone's needs. For children, think about schooling options such as public, private, or international schools. For pets, ensure you understand the process of bringing them with you. If you have a partner, discuss whether they can continue working remotely or find employment in the new country.

What are some common types of visas people should consider when moving abroad?

Common visa types include Digital Nomad Visas for remote workers, retiree visas for those with passive income, and investor visas for people who meet certain investment thresholds, such as real estate purchases.

Is it better to rent or buy property when moving to a new country?

It’s generally recommended to rent first, especially if you’re new to the country, to ensure that you like the location before committing to buying. If buying, work with a reliable real estate agent since property markets in other countries may not be as regulated.

What should you consider when deciding what to take with you when moving abroad?

You need to decide whether to bring all your possessions or adopt a minimalist approach. If bringing a lot of items, shipping a container may be necessary. Alternatively, if bringing fewer items, you can rely on air freight or pack what fits in your luggage.

How should you plan your transportation in a new country?

Evaluate if the country has reliable public transportation or if you will need a car. If purchasing a car, the process might differ from what you’re used to, so it's important to research or get assistance beforehand.

What healthcare options should be explored before moving?

Research the healthcare system in your destination country, particularly the difference between public and private care. You may need to enroll in the national healthcare system and/or purchase private health insurance for access to the best care.

How can moving abroad affect your tax situation?

Your tax situation will depend on your home country’s tax policies. For example, American citizens still need to file taxes in the U.S., though certain exclusions may apply. Consult a tax professional to understand your obligations in both your home and new country.

What should you consider regarding banking when moving to a new country?

Decide whether to open a local bank account or keep most of your money in your home country and transfer it as needed. This decision depends on visa requirements and your financial preferences.

Why is connecting with other expats important when moving abroad?

Connecting with fellow expats provides valuable support during the transition, answers to specific questions, and can make the process feel less overwhelming. It can also help you integrate into your new community and create a sense of belonging.