Moving Abroad: Tips for Planning Your Relocation

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Moving abroad is a big step, and there is a lot of planning and preparation to be done before you set off for your new home. Among the key things to consider are:

Work and Visa

These two points are separate yet also linked. Firstly, you will most likely want to know that you have a source of income waiting for you in your destination country. You will also want to obtain an appropriate visa, and the type of visa you need, will most likely depend on your work situation. Factors that are likely to feed into it include whether you are working there permanently or temporarily, and in the case of the latter how long this is going to last and whether you intend to return home or look for other work at the end of it. You will also want to make sure you fully familiarise yourself with the processes and formalities needed to obtain your right to live and work there, and that you have all necessary information and documents ready at the appropriate times.

Accommodation

Obviously you can’t move overseas until you have somewhere to live, whether it’s to be your permanent home or temporary accommodation while you look for somewhere to settle for good. The next step in planning your move overseas will therefore likely be looking for accommodation. This will involve many of the usual considerations with finding a home; what kind of accommodation should you need, where should it be located, and should you buy or rent? The answers will depend on things like whether you are heading abroad permanently or temporarily, what your budget and income is, and whether you even have any certainty about those matters yet.

Getting Around

Once you’ve reached your new base, obviously you will want to be able to get around. Will public transport suffice, or will you need a car? If you’re choosing to own a car overseas, there are certain aspects that you will need to consider; will your current license be recognised in the country you are going to, or will you have to transfer your license or even take another driving test before being issued with a local license? What is the car buying procedure, how quickly will you likely be able to get one, and will you need a rental car to get around in the meantime?

Healthcare

What will your healthcare entitlement be in the country you are moving to? If you don’t properly prepare in this area, you may find that sickness or injury becomes a nightmare. Will you be entitled to use public healthcare, and is there anything you have to do to obtain this right? If not, what are the best insurance options?

Money

What to do with your money is another tricky question. Should you close all your UK bank accounts and move all of your funds abroad, or should you keep some money in the UK against ongoing commitments or a future return? If you own any high-value assets such as a property, should you sell it and take your newly-liquid funds overseas or keep it as an investment? If you are going abroad temporarily, will it be cost-effective to use your UK bank cards (there will almost certainly be fees involved) or should you look for an alternative?

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The Overseas Investor are experts in international property investment, with a wide stock of investment opportunities overseas and in the UK student accommodation investment market.

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