Blog

Is Bitcoins the Future Currency for Expats?

If you’re a U.S. expat, or if you’re planning to retire/repatriate elsewhere, you may have heard some talk online, and in the media, about Bitcoins, read on…. If you aren’t totally sure what Bitcoins are, they are basically a type of currency based in a digital form. They’re safe, secure, portable – but not yet widely used. For a general overview, here’s a YouTube video posted by the people at Bitcoin: Advantages of Bitcoins Being a new currency in the digital age, there are definitely some advantages to using Bitcoins. These advantages don’t necessarily make the currency perfect in any sense, but they might provide you some promise if you’re looking for alternatives to traditional currencies. Advantages of Bitcoins include: ...

Continue Reading

Lost In Medicare – A Guide For Expats

The spirit of travel and adventure certainly wasn’t born in America, but there’s no denying it as part of the fabric of our nation. As such, an appreciable percentage of the population chooses to travel, and often relocate permanently, to countries far away from the United States and the lifestyle and social benefits that come with life stateside. One of those social benefits is Medicare. The questions arise almost instantly for those who dream about travel after retirement – what do people who leave the United States do about Medicare coverage? Medicare, as a rule, does not provide health coverage outside of the United States. For practical purposes, this includes American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the ...

Continue Reading

To Repatriate or Not? Two Expatriates Share Their Plans

The personal story of two expats We grow tremendously as expatriate, learning new aspects about ourselves, our host country, its people, what works and what does not work. This makes change somewhat challenging as the assignment comes to an end when we are facing repatriation to our home country. While overseas we expand. Once we repatriate we find ourselves back in the same familiar setting which, no matter how big it may be geographically, can seem small. Two different approaches towards repatriation are being shared here. Nancy – the adventurous type During a recent coaching session with one of my expatriate clients an upcoming transition was the focus. As expatriates Nancy and her husband have been on the move for ...

Continue Reading

Same Sex Couples Moving Overseas

Same sex couples that are considering a move abroad have a few unique circumstances to assess, as compared to heterosexual couples who take the expatriate path. Regardless of whether the move overseas is for retirement, a job or just good old, garden-variety wanderlust, everyone (regardless of age, gender or sexual orientation) who decides to make the move has to look at, and deal with, some basic practicalities, logistics, legalities and lifestyle considerations before choosing a new home country, and packing up that household for the move abroad. For same sex couples, those considerations go quite a bit deeper than the norm, because not every country in the world supports equal rights for everyone. In fact, despite the fact that it ...

Continue Reading

Building Social Life in a New Country

One of the most difficult adjustments for new expatriates is the sudden loss of social life and the need to develop a new one. When you move from one place to another there are always adjustments to be made. When you move from one country to another there are a whole different set of adjustments and the culture shock that you are likely to experience is just the icing on the cake. These changes can be felt on many different levels; depending on how much time you have spent in your new country of residence previously, there are some possible new adjustments you will face; among them, but certainly not all, are: Learning a new language Cultural differences Government complexities ...

Continue Reading

Tax and Visa Laws Affecting International Assignees to Australia

Budgeting issues and concerns over displaced Australian workers have prompted the Australian government to make changes to their tax and visa policies. The proposed changes will force companies to pay more in order to bring in expats for temporary assignments, and will make it more difficult to issue 457 visas. Fringe benefit taxes will cost employers In October of 2012, the Australian government imposed a 46.5% tax on accommodations for international assignees that are living in Australia while working on temporary projects. They also increased the fees for visa applications submitted before July 2013. The government has now extended these taxes to employer-paid housing for these temporary workers as well. In other words, employers will now have to pay a ...

Continue Reading

Facts About FACTA – Expats and Taxation

The Foreign Account Tax Compliance Act (FACTA) came into law in 2010 and has changed the way that the US focuses on tax reporting for US taxpayers residing, or holding assets, in foreign countries. The US Government claims that hundreds of billions of dollars are lost annually due to unpaid taxes by US taxpayers holding assets in foreign countries. The measure, approved by congress, is intended to recoup some of that money.  FATCA, already set into action and gaining traction around the world, will target non-compliance of tax law by U.S. taxpayers holding foreign accounts. The objective is the reporting of financial assets and the focus is on offshore assets, some types of foreign financial accounts and the compulsion of ...

Continue Reading

Finding a Job in the Relocation Industry

If you are interested in a career as a relocation professional, you’re in luck! With corporate expansion into the international arena on the rise and global travel easier than ever before, the relocation industry is booming – which means plenty of job opportunities in what could be an exciting and growing career. Contrary to popular understanding, working in relocation goes far beyond helping people ship their belongings overseas, assisting employees in finding housing or schools for their children, and cultural training. There are not only numerous job opportunities and positions which fall under the broader umbrella of ‘relocation,’ but with mobile workforces increasingly becoming the corporate norm, you could become a key player in the success of a company and ...

Continue Reading

Taking A Good Financial Advice Before Moving Overseas

The intricacies of handling finances when moving abroad can be plentiful; investment portfolios, dual-nation taxation, foreign earned income, real estate, medical insurance, and international currency transfers or money management are just a few of the issues a new expatriate will face. Having a trusted financial advisor who specializes in the nuances of a transnational lifestyle can be your saving grace when it comes to cash because what you don’t know can very well hurt you financially. Be wary, though, of going to just any financial adviser that specializes in assisting expatriates. You will want to look around for a “fee only” advisor; one who charges a flat fee for his services rather than a commission based on percentages. Those who ...

Continue Reading

Home Schooling Laws Overseas

Homeschooling is often the first choice for North American families who choose to live abroad because of language barriers, differing school year calendars, learning disabilities that may not be addressed sufficiently overseas, and basic personal preference, among other reasons. Countries abroad that report the highest instances of home education include New Zealand, the United Kingdom and Australia and while many countries around the world are legally open when it comes to home education, some are stringently regulated. Others allow homeschooling, but only as an extension of a mandated school system and still others have outlawed the practice completely.  Socially speaking, when it comes to widespread acceptance, only North America, the United Kingdom, Australia and New Zealand make the list; in ...

Continue Reading

This is a unique website which will require a more modern browser to work!

Please upgrade today!