expat network

5 Essential Financial Moves For Expats Before Moving Abroad

Heading out to become an expatriate? Moving abroad is thrilling, offering a fresh slate and new experiences. However, before you start exploring your new home and indulging in the local culture, there’s a critical aspect you need to square away—your finances. Finding your financial footing in a foreign country can be challenging, but taking the...

renounce U.S. citizenship

Top Reasons Why Americans Abroad Want To Renounce Their U.S. Citizenship

While the annual tax season can be stressful for filers, the burden is even greater for Americans overseas. About 9 million U.S. citizens live abroad, the U.S. Department of State estimates. Nearly a quarter of U.S. expats are “seriously considering” or “planning” to renounce U.S. citizenship according to 1040 Abroad. For those looking to renounce citizenship,...

Personal loans for non-US citizens

Personal Loans For Non-US Citizens

Strict minimum credit score requirements, hard credit checks, and income verifications make taking personal loans unavailable for many American borrowers. However, the situation of expats in the USA is even more problematic. They usually face more limitations and restrictions varying from a lender to a lender. However, many financial institutions still have personal loans for...

opening a bank account in america

Banking in America

When opening a bank account in America, you will want to consider the wide range of options with different variations on basic checking and savings accounts, and the ability to link accounts. Terms and services may vary widely between the different providers. According to Forbes Americas largest banks are: JP Morgan Chase Bank of America...

Life Insurance Review For Expats

The Importance Of A Life Insurance Review For Expats

You may have read that you should review your life insurance on a regular basis. If you’re living abroad, temporarily or indefinitely, a life insurance review is more important than ever. Here are ten reasons why an expat life insurance review is important. This article was written for Expat Network by International Citizens Insurance ...

Smart With Money As An Expat

How To Be Smart With Money As An Expat: Complete Guide

Being smart with your finances is essential when starting your new life in a new country. You need to know everything about how money works there and what you need to do to make it grow in your favor. For instance, you should get the best secured credit cards in Canada to build your credit...

building credit as an expat

Building Credit As An Expat: What You Need To Know

There are a few things you need to know about building credit as an expat. For one, the process is different in every country. And for another, your credit score may not even be applicable in the country you’re living in. So what do you need to do to build good credit? Read on...

UK Inheritance Tax And Domicile

UK Inheritance Tax And Domicile – What You Need To Know Today

UK inheritance tax follows you around the world since it’s based on domicile, not residence. You could live abroad long term and still be liable for this legacy tax. Here, Blevins Franks look at key facts about UK inheritance tax and domicile and how it could affect your intended heirs. Written...

advisory firm for british expats in the usa

Choosing An Appropriate Advisory Firm For British Expats In The USA

Cross border USA/UK financial advisory services is a highly specialised area within the financial services industry. The point of this, brief, article is to ensure that you and the firm you are considering engaging have the knowledge, expertise, and capability to offer you a full service. Written by Mark James of...

Financial Considerations If You’re Relocating to the US

5 Financial Considerations If You’re Relocating To The US

Are you moving to the United States? Navigating an international relocation is certainly no simple task, especially if you’re moving for work and need to move by a certain deadline. Not to mention, balancing your work responsibilities alongside the complexities of an international move can be difficult to manage. One aspect...

establishing credit on arrival in america

Establishing Credit On Arrival In America

Establishing credit on arrival in America is vital. The lack of a credit score has implications in many areas as it restricts your ability to set up phone contracts, rent a property, sign up utilities, obtain a credit card and many more key taks when arriving in the US to live. Creditworthiness does not easily cross...

Where Should Expats In The USA Place Their Pension?

Where should expats in the USA place their pension? British expats resident in the US may be tempted to place their retirement savings in overseas pension schemes. But would they be better off with a UK based scheme? By Mark James Many British expats, who are now living in the US, may request transferring their UK...