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6 Reasons Why You Should Relocate Overseas

Six Reasons Why You Should Move Abroad

The traveling bug seems to have taken the world by storm. One can also call it the “expatriation bug” as people are moving abroad in increasing numbers. While there are people who are investing their time to explore new pastures for the sake of adventure and fun, there are many who are actually looking to turn it into a way of life. In fact, the idea of departing from an old and mundane lifestyle to a new beginning seems extremely inviting.

Though the very thought of beginning from scratch might appear to be intimidating initially – if you have put your mind to it, you will soon realize the amazing benefits of relocating to a foreign location of your choice. Listed below are some of the wonderful advantages of moving overseas in 2019, six to be precise:

1. Opportunity To Explore New Culture:

Moving abroad allows you to step out of your comfort zone and embark on a new journey wherein you get to explore a new country and its culture, people, food, and language that is completely alien to yours. Besides some new and stimulating experiences, you learn to set up things for yourself independently such as doing the daily chores, making a living etc. while grappling with new challenges. This gives a strong boost to your confidence, which is extremely important to settle down in a new country.

2. Better Employment Opportunities:

Though the aspects of an expat life might appear to be difficult, yet, there are several facets that make this endeavour extremely rewarding. One of the most significant reasons why moving abroad is catching up amongst people, especially millennials are promising employment opportunities. Countries such as Canada provide a perfect destination to people looking to begin a new professional journey that is extremely fruitful and rewarding.

Tokyo City

3. Strengthening of Your CV:

Working abroad will help you develop new skills that are significant to sustain oneself in a competitive job market. The skills and expertise gained abroad can make your CV look impressive and provide you with an upper hand vis-a-vis your counterparts. Who knows your prospective employer may be simply impressed by your newly formed qualities. It has been documented that taking an overseas work assignment can really benefit your career long term.

4. Better Lifestyle:

Often, folks consider relocating overseas with a vision of starting life afresh. By getting access to new opportunities, they intend to have a luxurious lifestyle, which they might have been yearning for in their home country. Countries such as the UK, Canada etc… with their advanced infrastructure, a strong economy, and low tax rates are extremely alluring for people willing to relocate.

Tokyo Airport

5. Broadened Outlook Toward Life:

Once you migrate to a new place, you tend to broaden your horizons by stepping out of the dependable comfort zone that you relied on earlier. As you meet new people, explore a new culture, taste new food, and above all travel around, you will be able to form new attributes that will broaden your outlook toward life.

6. Appreciation for Yourself:

Living in a foreign location provides you with several opportunities for self-actualization. You will learn to understand certain traits about yourself, which you were probably unaware of earlier. While some of these might leave you introspecting and improvising, some may make you adore yourself more than ever before. After all, the most important relationship a person has in their life is with themselves.

Yet wait, another reason to move abroad is to potentially earn more money. It has been reported recently that you can earn more money if you move abroad as companies employing expats often pay a salary that is higher. Multinationals often provide better benefit plans and superior global insurance coverage. You may even benefit by paying fewer taxes while living abroad.

The aforementioned reasons are just the tip of a massive iceberg, and there are many others that can fuel your zest to resettle on distant shores. However, if you are keen to write a new success story, just take the leap of faith to realize some of the most promising benefits. We would be remiss if we did not mention the importance of obtaining global health insurance coverage before you move abroad, but it is possible to get global healthcare if you are already living abroad.

Challenges faced by expats

Top 12 safety tips while overseas

Nothing is bound to ruin a holiday more than feeling unsafe or running into scams and difficulties. When travelling to other countries, it’s important to always keep international travel safety in mind. Travel risk is unavoidable, but we have created a list of 12 tips that will increase your safety so that you can enjoy your holiday!

1. Get your vaccines before leaving

An unexpected illness can truly ruin a holiday. Make sure to be fully up to date on all your vaccines and double check all the recommended vaccines for your travel destination. Most countries will have a categorized list of all the recommended vaccines for international travellers, and where you can go to get your vaccinations.

2. Use cash when possible

In order to avoid high credit card and debit card fees, we recommend using cash whenever possible. It is also highly recommended that you separate your important cards in case of theft. Have backups if possible, as well as an emergency cash flow just in case. It is important to separate cash, cards and identification cards for any potential problems. Of course, it is also important not to carry too much cash with you and not flash cash when paying your bill in order to avoid becoming a victim of crime.

Medical Expense

3. Have an international phone plan

In case of emergencies, you will want to have access to a phone that has the ability to call internationally. Whether you need to call your family back home or your insurance provider, you won’t want to be stuck trying to find a phone with international capabilities in times of emergencies.

4. Research cultural norms

When travelling internationally, especially to culturally diverse regions, it is crucial that you do your research on cultural norms and how the local population behave on the day-to-day. It can be dangerous to be in a situation that is culturally acceptable in your home region, and unaccepted in the region you are visiting. Local natives can find offence to certain behaviours, and it is recommended that you behave in culturally appropriate behaviour for your protection.

5. Tell your bank before leaving

The last thing you need while travelling internationally is to have your cards cancelled or put on hold while away. In order to avoid any situation where this could happen is to notify your bank before leaving. Many banks don’t require notification now, but we recommend always placing a note with your bank for your accounts to avoid any potential of the card holds.

6. Travel in Numbers

Travelling in numbers is highly recommended when travelling internationally. A large group of people is much less of a target for potential danger than comparison to someone travelling alone. Another important note while travelling is to project situational awareness. If you are in a foreign land, it is very important to project, to the best of your ability, situational awareness. If you are in an environment with confidence, you are much less likely to attract potential scammers.

Travelling

7. Know your destinations food & water safety

Many regions while travelling internationally will have different food and water restrictions then you have in your home town. If you are travelling internationally, it is very important to research the food and water safety warnings that are in place for those destinations. This will allow you to avoid any potential foods and water derived illnesses in order for you to enjoy your trip!

8. Have electronic copies

Although we recommend printing all your necessary travel documents for your travels, it is also highly recommended that you have access to electronic copies of all your important travel documents – including hotel + flight bookings, passport photos, and insurance policy numbers. This is a preventative precaution in case you lose any of your paper copy documents.

9. Have embassy/consulate contact information

In times of emergency, such as losing a passport, it will be very helpful to have your embassy and consulate contact information and address for where you are travelling. Most major cities will have a list of all the international embassies that are located within the city for your convenience. If your country doesn’t have a local embassy, it will be important to have the contact information for the nearest one, as well as contact information for your embassy back home.

Embassy

10. Give your family & friends an itinerary

Whether you are travelling alone or with friends, it is recommended that you have your family and friends back home know your general location and plans while away.

11. Leave expensive jewellery at home

Although having your jewellery with you may seem appealing, we recommend leaving your expensive and valuable jewellery back home. Travellers displaying expensive jewellery are often targets for theft which can lead to very potentially dangerous situations. In order to stay on the safe side, it is better to simply leave it all at home.

12. Have proper travel insurance

While travelling internationally, most domestic health insurers will not cover you when you leave your country of citizenship, so travel insurance is a necessity. The potential of getting sick or injured while travelling is inevitable, and if you get injured or sick and you can’t get adequate medical treatment in the country or city you are visiting, it will be important to have access to emergency medical evacuation to another country or back to your country of residence. For the simple purpose of peace of mind, purchasing travel insurance is highly recommended in order to protect yourself. 

Expat Financial offers citizens travel insurance from a variety of insurance companies. Get a travel insurance quote and even purchase online. Get travel medical insurance and trip protection plans online via a secure server. Click here to receive an online quote. 

 

 

 

 

Expat locations

6 tips for travelling within budget

Going away on holiday is always an exciting experience with high anticipation! With all the different considerations to plan for, the trip planning portion of your vacation may not be the most enjoyable experience. We have created 6 great tips to help you budget for your travels, as well as staying within budget while away! The next best part about going on holiday is being able to come home from the trip with a full wallet!

Budget before you leave

As many trips go, there will be a hundred different things you will want to explore on your time away. Whether that be a weekend getaway or a long overdue extended trip, you should never underestimate the value in budgeting before you take off.

Whether it’s your first time in a new city or a place that has become your second home, you can never do “too much” research before taking off. It’s vital while budgeting to look into multiple sources and sites when trying to obtain information about different costs. It is important to remember that, although one source may give you tempting information, that that may not be the most accurate source out available. That is why we recommended looking into multiple different sites, platforms and resources while budgeting for your trip.

Calculating Budget

Look for hotel bundle deals

This goes hand in hand with doing your proper research, but make sure to take extra precaution when looking into hotel and flight deals. With the multitude of websites that are available to the public nowadays, you have an abundant amount of options to choose from. Whether it means not staying right in the centre of the city centre and taking a flight that’s not exactly at your ideal travel time, you may be able to save a fortune on these small compromises, which will ultimately allow you to experience many other adventures on your trip.

Always over budget rather than under budget

As easy as it is to take the lowest estimated options when scanning through different sources, we recommend that you take a more generous approach to your budget, rather than optimistic. We know it can be very tempting to downplay the costs of your trip, but at the end of the day, it is always better to come home with a little extra cash or take that extra unexpected tour on your last day rather than coming home to extra credit card debt.

 Follow your budget

After taking all the time to budget and plan for your trip, the next important step in the savings guideline is to actually follow through with your budget. A common mistake done by many travellers is to create a fantastic and well-detailed budget plan, and then fail to execute once on vacation. Not to say that you need to stay on budget for every meal and every expenditure, but make sure to stay well within the confinements of your budget.

Budget

Watch for the scams

As many cities & destinations are accustomed to having tourist and visitors around, it is important to be aware of the scams and tricks that many locals, especially in poorer countries, have in mind for visiting guests.  It’s important to note that many scams can be in the form of “too good to be true” savings. In order to be aware of these scams, keep in mind what the value of the product and/or service you are receiving, and make sure it aligns with the proposed costs.

Obtain travel insurance before leaving

One vital step we recommend you taking before taking off on your trip is to obtain travel insurance coverage for the duration of your trip. It is important to obtain coverage for the entirety of your trip in order to avoid a lapse in coverage. Unexpected medical costs can become very expensive while travelling abroad, and you don’t want to be caught without medical coverage. If you are moving abroad for a year or more, it is highly recommended that you obtain a quote for international health insurance to cover you globally.

At Expat financial, a division of TFG Global Solutions Ltd., we are able to offer individuals or group plans for those travelling abroad. To receive a quote contact us directly at info@tfgglobal.com 

 

 

 

Expat Preschool Children

The top 5 countries to raise expat children in

Are you planning to move abroad with your family? According to a recent survey report, the top 5 best countries to raise expat children in 2017 are Switzerland, Canada, United Kingdom, Germany, and Japan. The rankings are based on various factors such as quality of life, political influence, business friendliness, cultural heritage, entrepreneurship, and ease of obtaining citizenship. In this article, we will introduce these top 5 countries to raise expat children abroad.

Switzerland

  1. Switzerland
  • Introduction: Switzerland is among one of the most developed and wealthiest countries in the world. Bordering Germany, France, Austria and Italy in Europe, Switzerland ranks at top globally for its quality of life, government stability, healthcare standards and economic development. The overall standard of living is high.
  • Healthcare: Medical services are considered to be of the highest standards in Switzerland. Expats living in Switzerland will find many English speaking medical staff and doctors. However, expats are strongly recommended to purchase international health insurance plans before relocating to Switzerland, especially for those who plan to give birth in the country.  International health insurance will fully cover the medical costs of giving birth, including medical check-ups to baby’s hospital stay, plus post-natal care. Without appropriate health insurance, the medical bills can be very high.
  • Safety & Security: Switzerland has been consistently obtaining high marks for safety and a healthy lifestyle. According to the Government of Canada, the public transportation in Switzerland is excellent. Expats living in Switzerland should exercise normal precautions as petty crime could happen in public areas.
  • Children’s Education: According to the survey, the education system in Switzerland gets top marks on a global scale. This is not only because the schools in Switzerland cater to international families, but also the flexibility of its education system. According to The State Secretariat for Education, Research and Innovation (SERI), each of the 26 individual regions has its own education department and own school curriculum. Local state schools are free of charge. However, many expat families prefer international schools to help their children with the ease of transition and continue their education in a familiar language and curriculum.

Canada

        2. Canada

  • Introduction: Known for its cultural diversity and natural beauty, Canada is the second largest country in the world. Few countries can compare with the geographic diversity of Canada. The official languages are English and French. Canada is a high-tech, developed country with a high standard of living. The country’s economy mostly relies upon energy, agriculture and minerals.
  • Healthcare: The provincial medical plans provide Canadians with excellent emergency and non-emergency care, and it is publicly funded. Expatriates who are not covered by provincial medical care should obtain international health insurance plans. The medical cost for inpatient care at hospitals without it can be very expensive.
  • Safety & Security: Being one of the safest destinations in the world, the crime rates in Canada are low. Expats living in Canada should maintain common-sense precautions however, such as not leave valuables unattended to protect the security of your property.
  • Children’s Education: The standard of education in Canada is high. There are many public-funded schools and private schools including language schools, career schools, community colleges and secondary schools. Since Canada is a bilingual country, English and French language schools are available throughout the country.

United Kingdom

        3. United Kingdom

  • Introduction: The United Kingdom contains four countries united under one government. The countries are England, Scotland, Wales and Northern Ireland. With an area of around 242,500 square kilometres, the nation has a population of 65.1 million people. The capital and the largest city of the United Kingdom is London. There are also many cultural heritage sites across the UK, due to the nation’s long and rich history.
  • Healthcare: The healthcare service in the UK is generally of high standards. It provides patients with primary care, in-patient care, dental care, etc., and it is free of charge. There are also private medical facilities throughout the country. Most expatriates living in the UK would want to seek medical insurance coverage globally. Additionally, it is important to obtain an international health insurance plan that will allow the private medical facilities access, due to long queues at public facilities.
  • Safety & Security: The public transportation in the UK is excellent. According to Government of Canada, the risk level of travlling to the UK is “exersise a high degree of caution” due to the threat of terroroisim. Although terror attacks can strike in any nation, due to the recent increase in attacks across Europe, expats should be weary of the increased risk.
  • Children’s Education: More than a quarter of the world’s top 200 universities are located in the UK. The education system in the UK is famous for its high quality, excellent education methodologies and research facilities, as well as academic freedom. Across the UK there are five stages of education: early years, primary, secondary, further education and higher education. After a student reaches the age of 16, he or she may choose to continue studying. Further Education is not compulsory. The UK school system is more lecture-based, with a few assignments throughout the semester. The cost of education in the UK is high, but not as expensive as in the US, as the government sets limits for tuition fees.

Germany

4. Germany

  • Introduction: With a total population of 82,667,000 people, Germany is a leading European country. As the world’s second-largest exporter, the standard of living is high in the nation. The Official languages in Germany are German and English. The high-income capital city is Berlin. Germany is also known as one of the most industrious countries in Europe, with major industries including automotive engineering, technology, and pharmaceuticals.
  • Healthcare: The healthcare system in Germany is excellent. The government-funded public medical care system provides healthcare services and products to patients, and the private medical facilities make a considerable contribution to society. The medical staff and doctors in Germany have usually received extensive medical training. Many expatriates living in Germany will want to obtain international health insurance plans to cover their medical costs in private healthcare facilities.
  • Safety & Security: Violent crime in Germany is low. There is no nationwide advisory in effect for Germany, according to Government of Canada. Expatriates living in Germany should exercise normal security precautions if attending large crowds events or visit local markets.
  • Children’s Education: Germany’s education system is different from the ones in many other countries. Lectures in public schools are usually taught in German, where expat children will gain a high academic ability of German. After grade 4, the students are separated by their overall academic performance and are divided into three different kinds of schools: Realschule, Hauptschule or Gymnasium. Realschule focuses on theory learning from grades 5 to 10. Hauptschule focuses on practical skills more than theory. The Gymnasium is a path to the university. The education system in Germany is different from state to state. There are also many international schools. Among these private schools, Montessori education is one of the most popular teaching models in Germany.

Japan

5. Japan

  • Introduction: Located on the east coast of Asia and southwest to Taiwan, Japan is an island nation in the Pacific Ocean. The capital city of Japan is Tokyo, with a population of approximately 9 million people in the area. The country has one of the world’s largest economies, and is famous for its highly skilled workforce and fast pace. As a developed country, expatriates will enjoy a high standard of living in the city. Also, Japan’s population enjoy the highest life expectancy rate in the world.
  • Healthcare: The healthcare system in Japan is among the best in the world. The universal health care insurance system offers citizens with fees set by the government. The healthcare insurance is mandatory and is required by law to all residents. However, hospitals are privately run and owned. Expatriates living in Japan for under a year is suggested to buy international health insurance to cover the medical cost.
  • Safety & Security: There is no nationwide advisory in effect for Japan, according to the Government of Canada. However, after the strong earthquake on March 11, 2011, reconstruction efforts are ongoing at Iwate, Fukushima and Ibaraki. Therefore, some transportation routines may be unavailable. Expatriates visiting these areas will want to make sure that you have secured accommodations and transportation. The overall crime against foreign nationals is low. Expatriates are advised to exercise normal levls of caution throughout their stay in Japan.
  • Children’s Education: According to a recent study, the Japanese education system leads the world in numeracy and literacy skills. The Japanese school system consists of 9 years of compulsory education period and 3 years of senior high school. There are many after-school workshops where students will learn more than in the regular classes. According to a recent survey, nearly 85% of the students feel happy in school.

Don’t forget International Health Insurance 

Expat Financial offers several different international health insurance plans for expatriates across the world. We offer plans from several different international health insurance companies that are designed for foreign nationals living outside the country for which they hold a passport or some local national living outside the US or Canada. We also offer excellent service before and after you purchase your international health insurance plan. If you have questions about our international medical insurance plans or if you want to discuss your needs and produce a customized quote, please contact us or complete the quote form.

business travel

Seven business travel tips for 2018

Business has become even more global over the past ten years, and for most companies, it means that business travel overseas is an absolute necessity. Your clients are no longer local, they are global, and you need to keep in touch with them through email, phone, Skype, chats and of course, travel. Experienced business travel professionals are always sharing their tips on how to make their corporate journeys as smooth and productive as possible. We have gathered seven business travel tips for 2018 to share with our globally mobile employees and associates.

Business Travel Tips

  1. Try to be loyal to your favourite airlines so you can rack up your travel miles with one or two carriers. It will also give you added travel perks and upgrades when you often travel for the same airline.
  2. Dress professionally when you travel, especially in business class. Yes, we love to be comfortable when travelling, but if you are travelling for business, you have to remember that you are representing your business and your brand. You never know whom you are going to meet – maybe a new or existing customer or your boss. It may also help you get an edge in being upgraded by the airline.
  3. Pay attention to travel warnings if you are travelling to countries with current or previous travel safety problems or political instability. There are lots of great government websites such as the US State Department or UK Foreign Office which can provide excellent safety information that is continuously being updated. Your employer may have access to exclusive private country intelligence information, especially if they have a corporate kidnap or evacuation policy through our firm.
  4. Check with your doctor or travel clinic if you require specific vaccinations for the travel destinations that you are going to for business. You don’t want to come back with unwanted diseases or illnesses. The CDC provided some excellent information for business travellers, but talk to your doctor for more details.
  5. Make sure your travel documents are up to date and provide for full entry as a business traveller. You should check first if your passport is valid for at least six months after travel is started or has recently expired. You should also check to see if you have the correct visa entry requirements as business travellers are often viewed differently than tourists. You may have to apply well before you travel to avoid being denied entry into your country destination.
  6. Staying healthy is always good advice, but have you taken steps to ensure you stay healthy when you travel? Here are a few sub-tips for you to consider when travelling abroad:
    1. Try to get some exercise and use the hotel gym.
    2. Bring hand sanitizer and wash hands regularly to avoid unwanted germs and viruses.
    3. Get up during the flight to improve circulation and avoid deep vein thrombosis.
    4. Stay hydrated during the trip and when at your destination. It can do wonders for your travel health.
    5. Try to eat well when travelling, including fruit and vegetables. It can be difficult when you are being wined and dined during your business junket.
    6. Be careful where you eat, especially in developing or third world destinations.
  7. Perhaps the most relevant and important tip for business travellers is to make sure you are covered for emergency medical and evacuation expenses by purchasing travel medical insurance before you go on your business trip. Your corporate HR department may have purchased a single trip or multi-trip business travel insurance policy that will cover your business travel. If you are going to add some pleasure travel days to your business trip, make sure your corporate program thoroughly covers sojourn travels. If you are travelling to areas where terrorism, war and civil conflict are possible, make sure the policy doesn’t exclude war or terrorism. Some plans will also provide some trip delay, trip cancellation, liability and Accidental Death & Dismemberment coverage as well.

We hope that the above seven tips for business travel will be well received by all the business travellers who are expanding markets, meeting customers and delivering solutions to clients around the world.

What are the Best Medical Solutions for Business Travel?

The best solution for business travelers is to have your HR department contact our firm to quote on a corporate multi-trip annual business travel insurance policy. Such a plan can cover all the business travel for the entire company throughout the year. All employees who travel will receive a particular travel card that they can use in the event they suffer an illness or injury while travelling abroad. The plans can even cover employees in different countries travelling for your company, and some insurers can also include some sojourn or pleasure travel. To learn more, contact us today to discuss your requirements.

Hong Kong is celebrating the 20th anniversary of its return to China

July 1, 2017, is the 20th anniversary of Hong Kong‘s return to China after many years under UK rule. President Xi Jinping is visiting Hong Kong for the 20th return anniversary. After around 100 years as a British colony region, Hong Kong was handed over to China in 1997 under the “One Country, Two Systems” agreement. Hong Kong is known for its advanced healthcare system, excellent transit system and an active nightlife. It is a popular destination for expats from around the world, and many coming from western countries find it relatively easy to adapt.

Cantonese and Mandarin are the dominant languages in Hong Kong, but English is also widely spoken so it can be an easy place to adjust for expatriates living there. As a global city, English is taught at schools. In fact, there is a constant need for expat native English speakers at both international schools and adult English learning institutions. Hong Kong is also recognized as a prosperous global business center. If you’re used to a fast-paced lifestyle, then Hong Kong is the place for you. It also has an excellent health care system for expats and locals alike.

Communities and organizations across China mainland will be celebrating the 20th return anniversary, from gala shows and culture festivals to fireworks, sporting events, and exhibitions. Expats living and working in Hong Kong are encouraged to explore the various events and celebrations. All travellers are welcomed to discover Hong Kong by participating in major events and activities taking place in the region.

For more information on celebration events and publicity materials, please visit the official site of Hong Kong’s 20th return anniversary or click here for events brochure:

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