If you’re considering leaving the US, you’re not alone. Many people are exploring this option for various reasons, including the current political climate and personal aspirations. In this video, I’ll guide you through the practical steps you need to take when planning your exit. Let's dive into the essentials like passport renewal, visas, vaccinations, and notifying necessary institutions.
1. Renew Your Passport
First things first, ensure your passport is valid for at least six months beyond your planned departure date. If it’s close to expiring, renew it as soon as possible. You can do this through the U.S. Department of State's website.
2. Research Visas
The main thing you need to figure out is what visa you can qualify for to live in another country long-term. Options vary but often include work, retirement, and digital nomad visas, along with paths to citizenship by descent if you have family ties to a country. Here are a few popular visa options:
- Digital Nomad Visa (DTV) in Thailand: Perfect for remote workers. Thailand offers a new digital nomad visa that allows you to stay in the country while working remotely.
- Golden Visa in Portugal: For those who can make a significant investment in real estate or business. Portugal is highly popular for its quality of life, climate, and expat community.
- Retirement Visa in Costa Rica: Requires proof of retirement income. Costa Rica is known for its biodiversity, stable economy, and friendly locals.
- Non-Lucrative Visa in Spain: Ideal for retirees or those with sufficient financial resources. Spain offers a great quality of life, healthcare, and a pathway to citizenship.
While destinations like Portugal, Costa Rica, and Thailand often top expat lists, the best country to move to depends on your unique needs. Everyone’s ideal location will vary based on factors like climate, cost of living, culture, and community. Ask yourself where you want to live. A big city where you can walk to most things and jump on the metro, or are you looking for a more laid-back beach vibe?
3. Vaccinations and Health Checks
Depending on where you’re moving, you might need specific vaccinations. Check the CDC’s website for country-specific recommendations and requirements. Also, ensure you have a comprehensive health check-up before you go and bring copies of your medical records.
4. Notify Necessary Institutions
Make a list of all the institutions you need to inform about your move:
- Banks: Inform your bank and ensure you have international banking capabilities. Consider opening an account with a global bank that has branches in your destination country.
- Insurance Companies: Notify your health, car, and life insurance companies. You might need to get new coverage that suits your new country.
- USPS: Set up mail forwarding with the United States Postal Service to ensure you receive any important mail after you’ve left.
5. Financial Planning
Moving abroad requires a solid financial plan. Here are some steps to consider:
- Budgeting: Calculate the cost of living in your destination country. Websites like Numbeo provide detailed cost comparisons.
- Savings: Ensure you have enough savings to cover at least six months of living expenses, including emergencies.
- Taxes: Understand the tax implications of living abroad. You might still need to file US taxes, so consider consulting a tax professional who specializes in expat taxes
6. Housing and Logistics
- Temporary Housing: Book temporary accommodation for your first few weeks. Platforms like Airbnb or Booking.com can be helpful.
- Long-term Housing: Start researching long-term housing options. Connect with local real estate agents or expat groups on social media for recommendations.
7. Learn the Language
If you’re moving to a non-English-speaking country, learning the local language can make your transition smoother. Apps like Duolingo or Rosetta Stone are great for beginners.
8. Join Expat Communities
Join online expat communities on Facebook, Reddit, or Internations. These communities can provide valuable advice, support, and social connections in your new country.
9. Consider Healthcare
Research the healthcare system in your destination country. Many countries offer affordable public health services for residents. For example:
- Portugal and Spain: Allow foreigners to buy into their public healthcare programs. This can be a cost-effective way to ensure you have access to quality healthcare.
- Private Insurance: Some expats prefer private insurance for added flexibility, especially if they have ongoing medical needs or require specific treatments.
10. Plan for Your Kids and Pets
If you’re moving with children, research schools and educational options. For pets, check the import regulations of your destination country and ensure they have the necessary vaccinations and paperwork.
Moving can be daunting and stressful. The unknown can be scary, but by following these steps, you’ll be well on your way to making a smooth transition out of the US. Remember, planning is key to a successful move, while some may be able to drop everything and just go, figure it out when you get there, make a plan and stick to it. If you have any questions or need further assistance, feel free to schedule a 1on1 call with me. Safe travels and good luck on your new adventure!
