10 Steps To Relocating Abroad
Wherever you’re going in the world, setting up life in a new country or region can be an exciting adventure. But it can be daunting too.
So, before you head off, read our 10-step checklist to make sure you’ve got everything covered.
1. Research
It sounds obvious, but a bit of research into the country or region you’re moving to is a great place to start. This can give you a sense of what it’ll be like to live there, from culture and climate, to transport and living costs. Around the world, this type of information changes all the time, so it’s worth your while getting up to date information beforehand. There are many locals who are freelancers on Settlu to help you get started!
It can be useful to ask them which visas or work permits you, or family members, might need.
It’s also a good idea to ask them how tax works in the country or region you’re moving to, and whether you’ll still have tax considerations in your home country or region after you’ve moved. As for any advice around moving to that specific region.
Freelancers are locals, people that live in your potential new location, it is worth finding out about their experiences.
Browse our Find A Freelancer section to get started.
2. Country or region’s entry requirements
You may need to have a certain amount of time left on your passport when you enter a new country or region. There may also be specific requirements around entry visas, and what you’ll need to have in place when you arrive. These may change as immigration policies change all the time.
Ask your freelancer about these requirements, and renewing your passport (if you need to), in good time can help avoid unnecessary stress or delays.
You may be able to find more information on what you need on the government website.
3. Moving costs
Alongside flights and somewhere to stay initially, you’ll want to prepare for other costs that come with a big move. For example, if you’re taking furniture and other household items with you, check the cost of van hire or international moving companies so you can factor it into your budget. If you need airport pick up services browse here in advance to avoid extortionate prices.
Planning ahead can help stop your moving costs spiralling out of control.
4. Savings
Having some savings ready to cover start-up costs, or the move itself, can really help.
Try setting yourself a savings target to aim for, as this can help you stay focused and reach your goal. Looking at your income vs your outgoings may help you see if you need to cut back and save more.
You may also want to look at opening a savings account that you can access once you’ve moved, so you can continue to save from your new location.
5. Money management
Take some time to work out how you’ll stay on top of your money during and after your move.
You may need to have a visa before you can open a bank account in some countries or regions. Ideally, you’d get an account set up before you land so you can hit the ground running and avoid fees and charges from using your existing bank account overseas.
An international bank account can make it easier to manage your money while abroad. Also known as an offshore account, they allow you to hold money, and make and receive payments in multiple currencies.
If you’re planning to move back eventually, or you still have payments to cover, such as a mortgage or school fees, you may want to keep an account in your home currency to mitigate the risk of adverse exchange rate movements.
With an HSBC Expat Bank Account, for example, your account will stay the same wherever you’re living in the world. You’ll also be able to manage all your eligible HSBC accounts in one place.
And don’t forget to ask which insurance you may need before you go, including health and travel insurance, and factor it into your budget.
6. Location, location, location
You may be looking at a short-term let while you get settled, before finding something more permanent. Find a local property agent who will advise you on the different neighbourhoods and transport links to get an idea of the areas you want to check out once you arrive.
They’ll know the area better, and may be able to offer some guidance on rental costs, property availability and even negotiating price.
There may be different rules around deposits and how to pay rent, so it’s worth reading up on this too, or asking the local estate agent. For example, in some places you may need to pay a bigger chunk of rent upfront, in which case you’d want to have savings set aside if possible.
If you’re considering buying a property overseas, get familiar with the local laws and seek independent legal and financial advice at every stage of the buying process.
7. Employment
If you’re going to be working – whether it’s a short-term contract or a permanent role – there may be certain requirements and laws to be aware of.
You may need to have a specific type of visa or a work permit. If you’ve already found work, speak to your employer about what you’ll need to get started.
If you plan to find work once you’ve arrived, check what type of visa you’ll need beforehand.
8. Education
If you’re moving to a new country or region with children, it’s never too early to research local and international schools, as you may need to join a waiting list.
You should also find out what fees might be involved so you can factor them into your overall budget. Browse freelancers in education.
9. Gather your essential documents
Having key documents to hand is vital when you’re moving abroad. Alongside passports, visas and employment or rental agreements, ask your local freelancer what else you might need. If you plan to drive, for example, you may need an international driving licence.
If you’re bringing any pets, you will need pet services. Your pet may need their own pet passport or a record of their vaccinations. Some countries don’t allow certain type of pets and breeds. It is worth researching and making arrangements accordingly.
Having all your affairs in order before you move can save you having to coordinate it all from abroad. It will save you time, money and the frustrations of do-overs.
10. Plan ahead
If you’re planning a permanent move, it can be helpful to start making local connections and plans for the longer-term future before you go.
For example, are you able to transfer your pension to your new country or region of residence? Are you able to add to your pension while working abroad? Golden visa options?
It may be difficult to get a pension fund depending on where you’re moving to, so you may want to start exploring all your options.