Many people decide to emigrate in order to provide a better quality of life for themselves and their family – the thought of year-round sunshine, more time with loved ones, different leisure opportunities. But whatever your motivations, it is crucial you put yourself in the best financial position possible if you are to get off to a good start in your new country. And to do that, you need to give serious thought and planning to the issue of currency exchange.

OK, so it may not seem as fun as researching all about the sun, sea and sand you can look forward to enjoying. But getting a good currency exchange rate can make a huge difference to the success of your move. And if it helps maximise the budget you have to spend on your dream home abroad that has to be time well spent.

Getting the biggest bang for your buck

For some people, currency exchange may be a key factor in their choice of destination. For instance, countries in Asia, Africa and Eastern Europe with relatively weak currencies can offer great opportunities to make your savings go further.

Alternatively, among those soon-to-be-expats who have already picked their dream location, the issue will be more a matter of how to get the most from your money.

Take buying property abroad. For many expats it means exchanging your savings into the local currency of the country to where you are moving. Exchanging large amounts can be an expensive exercise though, and isn’t to be taken lightly. Therefore, many expats employ a foreign exchange broker to guide them through the process. Others simply bide their time, research the currency market, and exchange when the rate is particularly favourable.

Money matters

Foreign exchange rates are a huge factor when moving abroad – so make sure you address it as soon as possible in the decision making process.

The best advice is to do your research thoroughly. If you want help, consider using a foreign exchange broker. And if not, ensure you shop around to get the best exchange rate possible.

Related posts:

1. Your Moving Abroad Location Checklist
2. Expats Top Concerns When Moving Abroad
3. Agassi’s Open Secrets to Living Abroad

Having moved several times before, we knew how much work was involved. Still, it’s amazing to discover how much “stuff” we had managed to accumulate, and how long it takes to sort.

The question then is always what do you do with it?

Which are the essential items you absolutely must take with you when relocating? Which bits can be given or thrown away? And the biggest quandary, what do you do with the rest? You know, the stuff you want to keep, or that you think might come in useful “some day.”

Unless a friend or family member is happy to give up their garage or attic indefinitely so you can jam it full of your belongings, the only real solution is to use a self storage facility. They come with several advantages:

1)      It’s cost effective 

For one, it is inexpensive these days to rent storage space. In addition, there are no long term contracts. That means that as you settle into your new place you have the flexibility to collect your boxes when you are ready for them.

2)      It’s safe and secure 

Any self storage facility worth its salt will have effective security measures in place to protect your property. Look for 24hr CCTV and individual alarms on the storage rooms.

3)      It’s convenient 

Self storage has become more and more popular in recent years. As a result, there is probably a self storage facility[1] close by.

Where possible it is best to look for facilities near both your old and new homes. That way you always have the option of keeping any overflow you’re not sure if you want or have space for safe.

4)      It’s flexible

Unless you’re relocating to a place where the weather is pretty much the same all year round, you may also want to think about storing all that stuff you only use at certain times of the year – for example, skis or scuba gear. That way you won’t have it cluttering up the house the whole time. And that can do wonders for your state of mind!

Related posts:

1. Repatriation Advantages
2. Moving Abroad for Love
3. Expats Top Concerns When Moving Abroad

The book starts with Agassi playing his last tournament before retiring, the 2006 US Open.

He is in New York with his wife, tennis superstar Steffi Graf, and their two young children. For the duration of the tournament the family stay in a suite at the Four Seasons hotel in Manhattan. A “lovely suite,” he says, yet it remains another of those places that are what he terms “Not Home.”

Rather, home is Las Vegas. For all the evident pain of his childhood, the constant pushing of his father and resulting hatred of his profession, Agassi remains wedded to the city where he was born and raised.

Relocating for love

As a result, it is Germany’s Steffi Graf who has made the move abroad.

Like any relationship where the partners hail from different countries, one or other has to give up their homeland. For some that may be a welcome move. For others, a painful sacrifice. Yet if they are to survive as a unit there is no other option.

I’m no trained relationship counsellor, so I’m not trying to be an Agony Uncle on this. But over the years I have seen a lot of couples wrestle with this location issue, with varying degrees of success. Some have continued happy and strong. Others, unfortunately, have not.

So what lessons can these sporting idols offer?

1)      Knowing the lingo

Graf has perfect English, which is a huge benefit.

Knowing or learning the local language is crucial when moving abroad. But it is even more important when moving to a partner’s country. Seeing as they will be jabbering away with extended family and friends in that tongue, you must be able to join in if you don’t want to get isolated socially.

2)      Partner’s understanding

The home country native also has responsibilities, not least to ensure they include their partner.

That means taking them places, introducing them to friends, giving them the freedom and opportunity to make their own social circle and interact with it, supporting them through any bouts of loneliness and homesickness. Understanding and support will be critical to prevent/repair any divisions.

3)      Affirm the decision

Why did Agassi and Graf settle in Las Vegas, rather than Germany or somewhere else?

Both partners need to be clear about why they have picked that particular location, rather than another.

You need to decide why, on balance, your choice of town/country offers the best quality of life for all concerned. Why does it have to be that person’s home, rather than the other way round?

If you aren’t both in agreement on this point, resentment and subsequent rupture can easily result.

4)      Love-all

It’s a book, so there is always potential for the writer to put a gloss on things. Nevertheless, what comes through in Agassi’s autobiography is evidence of a couple that adore each other.

Staying together in a long-term relationship is hard enough as it is. Trying to do it as an expat is next to impossible unless there are strong bonds of love, respect and friendship.

Ultimately, it is the love you have for each other that will keep you focused on what matters most, and get you through the inevitable difficulties arise.

Related posts:

1. Your Moving Abroad Location Checklist
2. Expats Top Concerns When Moving Abroad
3. Currency Exchange Critical to Moving Abroad Success

Is it finding or settling in to a new job? Making your retirement savings stretch far enough to provide a decent quality of life? Having a healthcare system that is up to scratch? Getting your children into good schools?

According to Expat Experience[1], the latest report in HSBC’s Expat Explorer series, the top concerns keeping expats awake at night prior to relocating are:

• Being able to re-establish a social life (41%)
• Feeling lonely, and missing friends and family (34%)

The survey also found these worries affected female expats significantly more than men.

Meanwhile, missing family and friends is a particularly big concern for expats based in Australia (49%) and Canada (46%) – not surprising, since the majority were from the UK originally, and so the distances involved make regular face-to-face contact difficult.

Overcoming concerns

Such emotive issues have an obvious link – if you are worried about establishing a social life in your new destination then you are more likely to miss the existing network of family and friends you have back home.

On the flip side, if you can form strong friendships and develop a bustling (and satisfying) social life once you move abroad then you are less likely to be lonely and dwell on what you have left behind.

In short, once you land in your new location you have to make a concerted effort to get out, meet people, make friends and take advantage of whatever exciting lifestyle opportunities the country has to offer.

It’s not always easy to do. Sometimes you may have to force yourself to step out of your comfort zones. But the success of your expat venture depends on it.

Related posts:

1. Your Moving Abroad Location Checklist
2. Canadian Charm
3. Agassi’s Open Secrets to Living Abroad

Canada values immigrants who come to their country to help contribute to their economy. Nevertheless, there are a few restrictions you should know about when applying for a work visa.

In the case of immigrating to Canada for business purposes, it is important to understand the specific visa requirements and the points system.

Some key points to know:

• Education: This section offers a maximum of 25 points based on the amount of school completed. It starts at secondary education and below, which offers 0 points. PhD or Master’s degree holders receive 25 points, on condition they have completed at least 17 years of full-time study.

• Language: Canada’s two official languages are English and French, and you can receive a maximum of 24 points for fluency in both. Fluency in one yields 16 points, provided you have mastered reading, writing, listening and speaking proficiency.

• Work Experience: Points are only rewarded when you have had at least a year of full-time experience in a managerial, professional, or highly skilled occupation. One year earns 15 points, and four or more years earns the maximum 21 points.

• Proof of Funds: 10 points are awarded to people who have an offer of employment approved by the Human Resources Development Canada (HRDC). Otherwise, you will need proof you have either a set amount of funds in a bank account, or have secured work in Canada.

The eligibility requirement is based on the number of household members. As of May 2010, single applicants were required to have at least CAD $11,086, whereas a six-member household needed CAD $26,350.

Securing work in Canada exempts immigrants from this requirement. However, failure to meet any requirements results in ineligibility.

• Age: Because most people in the workforce are aged 21-49, the highest number of points is awarded to this age bracket. Applicants under 16 and over 54 do not receive points in this section. Other age brackets are awarded in two-point increments up to eight.

There are a number of Canada Immigration Services that can help you get started if you plan to immigrate from the UK to Canada in search of work. Whether you plan to move to Canada for business or hope to move there permanently, knowing the basics in the immigration process can help you become acclimated more quickly and avoid any procedural snags along the way.

This article was provided by Global Visas, the leading immigration experts for private and corporate clients locally and worldwide. 

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1. Immigrating to America: What You Need to Know
2. UK Opens Arms to the Wealthy
3. Immigration and the UK’s Population Growth

However, because of the strict requirements for people immigrating to the U.S., it is important to know the processes to ensure you get the right visas and documentation for a visit or smooth transition to life as an American citizen or permanent resident.

There are several ways to immigrate to the U.S. depending on the needs of your business, family, or yourself. You can choose from a work or student US visa for a temporary stay, apply for a green card if you have a spouse or relatives who are U.S. citizens, or apply for citizenship if you plan to make a permanent move to the U.S.

A green card affords permanent U.S. residency. People who hold a green card are permanently approved to work within the U.S. despite not having citizenship.

After a certain number of years people with a green card may apply for citizenship if they choose. However, it is not required – something especially important for people to know when there is any possibility of moving back to their home country.

Naturalization, or the process of obtaining American citizenship, is another option, although it applies to those who plan to make their move to the U.S. permanent. After five years of residence in the U.S., green card holders can apply for citizenship. The test required for nationalization measures knowledge of U.S. civics, as well as English language proficiency.

Overall, U.S. immigration laws change rather frequently, so it is vital to know the current regulations in advance, whether you choose to get a USA visa for work, a student visa, or you want to apply for citizenship.

This article was provided by Global Visas, the leading immigration experts for private and corporate clients locally and worldwide. 

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1. Working in Canada – The Points System
2. UK Opens Arms to the Wealthy
3. Immigration and the UK’s Population Growth

But what about the loved ones you leave behind? While you have a wealth of new opportunities and experiences to explore, all they will be left with are the memories of your lives together.

Transition Tips

No doubt they will feel your loss. Nevertheless, there are a few things you can do to make the process as painless as possible:

1. Once you have decided to move, share it with your family and friends well in advance. It may take time for them to accept you are leaving, and some may try to discourage you. However, a calm approach will help. Tell them your reasons for moving, and explain the advantages you hope to achieve as a result.
2. The days before you leave are bound to be hectic. You will get caught up in a whirlwind of shopping, packing, finalising insurance and visa arrangements, getting health checkups and a host of last minute details. As a result, you may not realise how quickly the days are flying. So don’t forget to spend quality time with your loved ones, especially your family, before you go.
3. Try to maintain a cheerful environment while you are still at home. Avoid emotional discussions, and reminders that soon you won’t be there.
4. The period after you leave home can be tough for both you and your family. Sudden bouts of loneliness may make you feel homesick, and leave them feeling sad at your absence and anxious for your safety. At these times you have to be the strong one, since it was your decision to move. So the moment you arrive, call to let your family know you are well.
5. Once you reach your destination, keep yourself occupied. Get involved in your new life and location by settling into your new home, learn about your new environment, and start making friends.
6. During your first few months in the country keep in touch with family and friends as often as you can, making sure you share with them all the details about the place and its people. The pleasure and relief on both sides from hearing each other’s voices is priceless. And because international calling is so cheap these days the cost is no longer a worry.
7. You can stay connected too by writing emails to friends and family explaining what you did today, or by sending pictures of where you are.
8. And for those friends and family back home who are not well-versed with the internet, why not write them a letter or send a postcard? It is sure to make their day.

Related posts:

1. Your Moving Abroad Location Checklist
2. Agassi’s Open Secrets to Living Abroad
3. Expats Top Concerns When Moving Abroad

Not surprising then that year after year Spain has proven to be one of the most popular destinations for expatriates from around the world, with 10% of its 45 million population now made up of foreign nationals.

Yet the beneath the alluring sheen of the Mediterranean sun all is not well.

An article on the BBC website* reported that the country’s industrial output fell 15.1% in November 2008 compared to the year before, the biggest drop on record. This manufacturing slump comes on top of the collapse already witnessed in Spain’s construction sector, showing the country’s woes are spreading across the economy and raising fears of a deep recession.

And there was more evidence of that with the release of figures showing unemployment hit 3 million in 2008, a 12-year high. Not the greatest time perhaps to be relocating to the country.

For anyone considering moving to Spain at present there is a silver lining though, in that the credit crisis has resulted in a plentiful supply of properties and tumbling house prices.

On the flip side however, the strength of the euro means that anyone coming from a non-euro country will now find it relatively more expensive to buy property and live there.

For instance, over the course of the previous year the British pound had a 52-week high of 1.35 euros. At that rate, a 300,000 euro house would have cost approximately £222,000.

But the pound at the time of writing is down at 1.11 euros (having almost hit parity over the Christmas period). So if that same house has dropped even as low as 250,000 euros it would still cost £225,000 for a British buyer.

And the strength of the euro against currencies such as the pound and US dollar has raised the general cost of living in Spain and elsewhere in the eurozone for many expatriates, not least retirees on pound or dollar denominated pensions.

In this sense then it’s a bit of a glum picture. And similar circumstances and scenarios can be found around the world. This recession is of truly epic and global proportions, with apparently nowhere safe from its impacts.

Yet it’s not all bad news for prospective expatriates.

I still read many articles exhorting people to move abroad, bemoaning the parlous state of their home countries and economies, and referencing places such as Australia and New Zealand, Turkey, Costa Rica and Mexico where properties and living costs remain cheaper, and the sun does still shine.

And of course they are right … to a certain extent.

There are always good property deals to be had somewhere in the world. You can always find locations where your food bills or a bottle of wine will be a fraction of what you pay now, and where you’ll be able to soak up some sun while your friends back home freeze their butts off.

But if you are seriously considering moving abroad you should take into account all the lifestyle factors when making your decision. Don’t just base your choice on the latest currency swings or property deals. Think carefully too about how comfortable you’ll feel with the local culture, what health or educational services they have, how far you’ll be from close family and friends.

Consider where you want to be for the long term, not just because of some temporary economic situation. And if that means the timing isn’t right at present to move where you feel you most want to go then don’t be afraid to be patient (as long as it isn’t an excuse for prevarication!). Ultimately it is more important to make the right move later than any old move now.

* BBC News, 9 January 2009, http://news.bbc.co.uk/2/hi/business/7819569.stm

Related posts:

1. Currency Exchange Critical to Moving Abroad Success
2. Expat Living By the Book
3. Your Moving Abroad Location Checklist