Every global citizen, digital nomad, or expat needs solid planning in terms of finances and wealth management. Without the right financial planning, it will be difficult for you to manage and grow your wealth no matter how much your monthly income is. Financial hurdles are often faced by expats globally, which in turn can affect their monetary stability in a foreign land. Read more
There are numerous expat locations across the world; however, many of them are not affordable for expatriate living. A lot of expat destinations are costly for employers. The pay packages of expat workers include remuneration, benefits, insurance, tax benefits, relocation allowances, etc. Benefits expected by most expat staff includes accommodation allowances, international school tuition fees, and utility services.
As with every sector halting during the pandemic, the travel sector took a huge hit. According to WYSE Travel, the travel industry experienced a 60% drop in the first quarter of the year 2020. As countries experienced the highs and lows of the pandemic, the current situation is seeing people traveling within the country. For example, citizens in Canada are making plans to visit other provinces, and Malaysia is seeing locals spending long weekends in islands or even exploring different states at a stretch. If you living in an expat destination or plan to move to one, this article explores how one can still be a digital nomad during the COVID-19 pandemic.
We’ve all been hearing this term expat employee or expatriate worker. Living abroad and working on expat assignments are part of being an expatriate employee. Sometimes, the assignments are short, and sometimes it takes more than a year. Other times, expat employees travel from one country to another to complete their job tasks. So what exactly does it mean? In this article, we will explore the definition and what exactly it is to be an expatriate employee.
Your first morning in a new country is filled with excitement and wonder. The sun may have risen earlier and brighter, and the air may smell different. For some, it may be a familiar experience going through something new. If you’re a new-timer, you may be a lot more curious and impatient to explore the city. As you go through your day, you find yourself facing challenges and overcoming obstacles. It’s common for expats to find themselves a little lost, trying to navigate their way. There are many challenges faced by expatriates when they move abroad.
You may be returning home during COVID- 19 because your job assignment is cut short or just because you want to be with your loved ones. The bad days are not over yet, so you must maintain the utmost caution during your return home. These are difficult times for everyone, so prepare yourself mentally and emotionally to face the harsh realities of life and the repercussions of COVID-19 on businesses and job markets.
For expats, healthcare is an integral part of relocating to the destinations of their dreams. If you are planning to move to a European location, you must do thorough research before finalizing it. Healthcare in most European countries has a high standard. There is no doubt that Europe has some of the best healthcare options for residents as well as expats.
By now, most of us have a routine of thoroughly cleaning up after ourselves and being mindful of what we’re touching ever since the rise of the COVID-19 pandemic. Globally, some countries have lifted restrictions and lockdowns. Malaysia, healthcare system in New Zealand, and Germany are just some of the countries that have lifted it’s mandated lockdowns, but it still sees a spike in cases. Read more
Now that you have packed your bags to move abroad, what do you do next? If you are moving to a new country and you won’t have access to public or employer healthcare, you will need to opt for international health insurance that suits your lifestyle and budget. This glo[bal insurance plan should provide adequate coverage during your journey and extended stay overseas. In this article, we will explore what you need to know when buying international health insurance.
The recent pandemic has proved that remote working is possible and, most importantly, quite efficient. Numerous companies are now comfortable encouraging expats and full-time employees to work from home. Some people will choose to become digital nomads while still working for an employer in their home country. Remote staffing is beneficial for both the employer as well as the staff. However, you should take care of your remote workforce to ensure productivity and engagement do not plummet.
