Deciding to move abroad and live permanently in a different country can lead to the opening up of substantial new possibilities for you and your family. There is no denying it is hard to uproot your family and leave behind loved ones, your job, and everything you know. But you shouldn’t let that stop you if you have your heart set on your new adventure. You will never regret the chances you took, but a life full of what-ifs can be hard to live with.
How do you get ready to make the big move to your new life and start again in a new country?
You have all your affairs in order
Get your affairs in order as early as before you have any definite plans. Look at the process involved in obtaining legal status to live indefinitely in a different country. Moving to Australia, the UK, or even to the US can be a time consuming and strict process. There are many requirements you will need to meet before you are allowed to make the move.
If you are unsure of what to do to obtain the correct visa to live and work in a new country, then it might be in your best interest to hire immigration solicitors to help you make sure you have followed the process correctly, ready to leave.
Then look at tying up loose ends before your move. Putting your house on the market and paying off your mortgage is an excellent place to start as is learning any debts you have to give yourself a clean state when you make the move. Inform all your service and utility providers of your move and inform any insurance companies of changes along with employers and your healthcare providers. Extend this to your banking arrangements too. Look to have all of this ready to set up as soon as you land in your new country.
Can you afford it?
The cost of living across the globe can vary from country to country. Knowing what to expect financially when you finally move is a top priority. From local to national taxes, the cost of day to day living, buying, or renting your home and travel expenses. It can pretty quickly mount up, and falling short of what you need to live on can be a huge hurdle to overcome in your new life.
Do your homework. Know where you need to be based for work or local schools. Find out how much you can expect to pay out for balls compared to what you are hoping to make in your new employment and make sure you have enough to live on. Remember, all countries are different when it comes to taxes too. In the UK, you have your tax taken directly from your wages, in the US you could be fully responsible for paying your taxes and don’t forget you will need to factor in healthcare insurance too.
It makes sense to have a backup fund that will cover you for a minimum of 3 months worth of living expenses, so you have something to fall back should your plans not go as expected.