Expat: prepare your private relocation

Expat: prepare your private relocation

Please note: This is an article sponsored by Global Health.

Reasons for moving abroad are very diverse. While some people seek professional opportunities, others are excited about discovering the world and live a rewarding experience. Whether you are aiming for a better quality of life, for a personal challenge or romance, moving to another country remains a major decision that should be considered and planned well ahead.

1. Be prepared for a cultural shock

You will likely face a lot of changes, emotions and unexpected situations, which means that you will need to adapt yourselfto the new environment you have chosen. Some people refer to this experience as the expat adjustment cycle. The first stage is called “preparation”. It requires to collect as much information as possible before the departure. This will help relieve anxiety and any concerns you may have. There are many things you can do before you move abroad. For example, joining a community of expats who have already settled in the country. You can find hundreds of tips on expat forums or Facebook groups. Reading local guides could also be useful to know more about local culture, practise and habits you are unfamiliar with (such as tipping for example).

2. Manage your budget wisely

Relocating abroad may be a costly experience. How to best allocate and spend your money is the key driver to success. It can be a real challenge for expatriates to deal with banking matters in their new country. If you plan to keep your current bank account, it is very important that you have a talk with your bank account manager to inform them about your plans. In case of fraud, you would expect them to be reactive in freezing your account. You also have the option to open another bank account, once you have arrived in your new country of residence. There again, you should have full proficiency in the local language to discuss technical aspects and get a clear understanding of the terms and conditions. Credit cards are also a big concern for expatriates as some banks are charging international transaction fees on top of regular management fees. So make sure to get all the necessary information beforehand.

3. Health insurance is a must-have

That is the general rule, no matter where you live. Everything can happen to you, or your family, during your stay abroad. Depending on your new country’s healthcare system, you can either to subscribe a private or public one health insurance cover. In most occasions, public health will only cover a small fraction of your medical expenses. Having a private health insurance gives access to a broader range of health treatments (such as dental, vision, maternity, health checks, etc.). It is also the best possible option if you are looking for more flexibility in what should and should not be covered. Insurance companies do offer different plans with options such as additional assistance, second medical opinion, sleeping disorder, etc.. Foyer Global Health offer expats worldwide coverage and full assistance during their stay, from day one until they get back to their country of origin. They get total freedom of choice as we do not impose any hospitals or doctors.

Learn more about expat health plans.