Source: https://www.thespruce.com/
For over a hundred years or more, migrating to another country has been a part of the story throughout the world. And it certainly does contribute a lot to the country in order to keep it thriving, increasingly diverse and creative. It is a globally connected world, the shared demographic and economic growth is certainly looked forward to with individuals keen on diversifying their horizons.
However, there is a huge difference between touristing a place and shifting permanently to one altogether. Moving to another country comes with an extreme amount of risk (and of course, the thrill) requiring you to sort out several tasks before making this major shift. So, if you are doing a rather, permanent change but find yourself in a fence about where to begin with, we bring to you 7 things to help you give it a kickstart.
1. The Bank Account Switch
From bank accounts to mutual fund folios, everything needs a convert. The updation of these accounts happen only after a proof of overseas address. Also, do not that the conversion charges of non resident broking accounts are relatively higher about which you must enquire first.
2. Income Tax Requirements
A lot of countries have Tax Treaties to allow the country you emigrate to tax you. It all depends on the income which accrues, arises, received or deemed to be received. You should consult a professional without fail to determine the tax implications.
3. Entry/ Resident Visa
Entry visa is official permission to enter a country. If you are travelling to U.S., your passport will have a stamp with “Nonimmigrant” mentioned. For entering South Africa, you must obtain a visa from one of the South African diplomatic missions. The process varies for different countries. However, you have to make sure to attach your apostille as a proof of your legal identity.
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4. The Cultural Change
Culture shock exists. According to the Oxford Dictionary, it is ‘Disorientation experienced when suddenly subjected to an unfamiliar culture or way of life.’ You should take it slow but choose to strike out on your own to learn about your city. You may also volunteer somewhere or join clubs to meet new people, learn their language to understand what they can offer and at the same time, what you can.
5. Being A Permanent Resident
Wikipedia explains permanent residency as ‘a person’s resident status in a country of which they are not citizens.’ Make sure you fulfill certain obligations to attain the permanent visa. It varies from country to country. Some countries will issue photo ID card while others will simply stamp your passport. For instance, you can apply for a South Africa visa if you have lived for 5 years consecutively where as you can pay SAR440 for Saudi EVisa online.
6. Health Care Management
Once you have moved to the country, it is evident that you would be affected by the health care system of the country and avoiding it doesn’t ever remain an option. However, you would hit a good luck if your current healthcare provider serves in the particular country. So, do not forget to check with them first. For instance, the U.S. Embassy has a list of hospitals and doctors with available medical resources. So, head to the website of your local embassy and check for yourself.
7. Dual Citizenship
Enjoy security and global mobility with dual citizenship. It might, at times seem herculean get one but it all starts with an easy appointment. You may get in touch with top visa agencies to make the task easy for you because considering an increase in draconian regulations on individuals, a second passport is a great way of economic freedom and internationalizing your lifestyle.
Well, it’s just a start kit. Make sure you understand the nitty-gritty of emigrating to make the process smooth and simple. Why wait? Book a flight and never return!
