Once, the thought of leaving the country to work was only a pipe dream for many. However, it has now become a reality for millions across the globe.
As companies grow and expand, certain levels of expertise are needed in places where they once weren’t. This has allowed many to grow their careers while getting to live in some wonderful parts of the world. However, if this is something you’ve been thinking of doing, or it’s a possibility in your line of work, which could be the case after Brexit, there’s more to think about than you may think.
From unforeseen costs and visas to banking and tax, it may be worth consulting with immigration lawyers to ensure you don’t get caught out. But before that, we’ve made a list of a few things you should consider before the move.
Ok, so you’ve probably thought of this, but it can be a lot more expensive than you may have initially thought. The primary hidden costs will occur when it comes to relocating all of your things. So, take a step back and think about what you have, and then be ruthless as you cut away things you don’t need. This could help you save on the moving costs in the long run. You could even sell some bits to help with the move.
This will all depend on whether you’re going for a temporary or permanent move. Then again, even a permanent move could end up ending after a few years. So, if you own a house, it’s worth looking into what your best options are. Do you need to sell it to help with the cost of the move, or can you rent it out to help fund your rent while abroad? However, don’t forget that renting will count as a source of income.
Possibly the most important element of working abroad, you’ll need to ensure that you’ve obtained a visa that says you can work legally in that country. This will often require you to have a firm job offer when applying for the relevant visa. However, more often than not, the employer will apply for the visa on your behalf – but make sure you clarify this with the employer before accepting. At current, UK citizens don’t require a visa to work in other EU countries, however, with Brexit currently happening, it’s something that you’ll need to keep a close eye on.
Before you leave, you’ll need to inform HMRC about your plans to relocate for work. When you do this you’ll be provided with a P85 from the Revenue and Customs department, which will help to inform the authorities of what’s happening. This is to help you avoid having to pay specific taxes that expats are exempt from.