Skip to main content

Family Finance

Thinking of Moving Abroad? Here are 5 Things to Consider 

5 Minute Read

It’s never been easier to live a seamless international life. But that doesn’t mean you shouldn’t be prepared.

With technology and online resources at your fingertips, and with similarly minded modern expatriates communicating and collaborating all over the world, it’s never been easier to live in a foreign land. But packing it in entails more than packing your bags. From tax codes to residency restrictions to health care systems, each country offers a slightly different introduction to expatriate life.

Daniela Coleman, 42, an American university administrator whose career has led her back and forth across the pond several times (she’s now a resident in Bologna, Italy), has faced all of these logistical hurdles at one time or another. Her advice: Make sure you’re ready. “A lot of people fantasize about living abroad, particularly after having a junior year abroad experience,” she said. “But one has to figure out: How do I want to do it?”

Here are five things you should consider before you make the move.

1. Vetting Visas

Anyone who isn’t marrying a foreigner and moving to that person’s country must check the visa requirements in their destination. When Jennifer Ceaser, 51, a freelance travel writer, moved from the U.S. to Europe in 2016, she assumed she had a visa sponsor through a relative in Germany. When that fell through, she faced “a year of frustrating appointments and a bureaucratic nightmare” — only to be denied. With the help of a lawyer, she made a second round of applications and finally got a two-year visa.

The U.S. State Department recommends contacting the embassy or consulate of your destination country several months before you plan to move.

2. Health Care

Understand the requirements for health insurance in your destination country and your status in your country of origin. If you’re planning permanent residency, you may qualify for national coverage in that country. Or you may, as Cynthia Simmons did in Mexico, change insurance as circumstances dictate. In her 15 years in Mexico, the Atlanta native used an international policy and private insurance before becoming Medicare eligible.

“I am questioning it now, and may decide to return to a Mexican policy because I can see doctors for a minimal expense,” said Ms. Simmons, 70, noting it wasn’t worth traveling back to the U.S. just for medical care. For those who are eligible for Medicare in the U.S., coverage may be affected by your plans to live outside the country permanently or in the short term. is an online resource that explains some of the likely scenarios.

3. School Tests

If you are relocating with children, explore options for public local schools and private “international schools” that cater to the needs of dual-culture families. Created by Gerardo Robledillo, an expat father, the International Schools Database is a directory with more than 2,000 schools in 71 countries. Families in Global Transition and the Safe Passage Across Networks (SPAN) are resources for families needing assistance with the emotional transitions across cultures.

4. Banking and Taxes

Set up as much banking online as possible for domestic fixed costs such as mortgages or other repayment loans. Set up local bank accounts for paying utilities and having cash on hand in your new home. You’ll also have to file taxes in the U.S. for as long as you retain citizenship. If you plan to work in your new country, check the local tax requirements, based on earnings and origin of income. Many working American expatriates, like Ms. Ceaser, choose to work primarily with U.S. companies to simplify their filing obligations. Online services can provide borderless transfer services with current exchange rates.

5. Staying Connected

For staying connected to family, friends and business back home, check with your phone carrier for international plans, particularly for restrictions on usage, or buy SIM cards in your inbound countries for local calling. For the long term, consider a separate foreign phone. Apps such as FaceTime and WhatsApp are cost-effective ways to stay in touch. Cloud services are increasingly being used not only for storing photos and music, but for health records and other important personal data you may need to access but don’t want to haul around.


This article was written by Lana Bortolot from The New York Times and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to

Subscribe to Investment Insights

Meet with a Financial Advisor

Ready to invest?  We're ready too.  Let us introduce you to your UnionBanc Investment Services Financial Advisor.

Get started
UnionBanc Investment Services is making this article available for general informational purposes only and does not purport it to be a complete analysis of the subject discussed. Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this article should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Brokerage and investment advisory services are available through UnionBanc Investment Services LLC, an SEC-registered broker-dealer, investment adviser, member FINRA/SIPC, and subsidiary of MUFG Union Bank, N.A. Insurance services are available through UnionBanc Insurance Services, a division of MUFG Union Bank, N.A. with a California domicile and principal place of business at 1201 Camino Del Mar, Suite 208, Del Mar, CA 92014. California State Insurance License No. 0817733. Non-deposit investment and insurance products: • Are NOT deposits or other obligations of, or guaranteed by, the Bank or any Bank affiliate • Are NOT insured by the FDIC or by any other federal government agency • Are subject to investment risks, including possible loss of the principal amount invested • Insurance and annuities are products of the insurance carriers.