Economy - Expat Magazine
Expat life can be equally intimidating and interesting. You are filled with motivation to start afresh in a foreign land, which is exhilarating and stressful at the same time. Sometimes, you may even think about moving back home, either out of homesickness, or after having spent a considerable time abroad exploring new cultures and experiences.
The annual GDP of a country doesn't only define the economy of a place but also the quality of life and living standards among its population. According to the World Economic Forum and data provided by the International Monetary Fund, there aren't significant changes in the world's leading economies when comparing the current rankings with the rankings of the previous years. The strongest economies are the usual suspects with some emerging markets reluctantly joining the game.
France
Upon moving to Paris, whether it is after an expatriation or a business mission, one of your main objectives will probably be looking for a place to call home. The process of finding accommodation in Paris can take a lot of time. In addition, without any proof of residence, you may encounter difficulties in progressing with other administrative procedures, such as enrolling children in school.
A relocation project can be very beneficial for companies thanks to the recruitment of global talent and diversity in the working place. However, it comes with several challenges, which, if not adequately addressed, may not only cost the company a lot of money but also lead to loss of competent human force. Some of these challenges are available support to expat employees and orientation, visa acquisition, travel costs, housing, shipment of goods, and other benefits. Cartus, a provider of corporate relocation services, has assessed the global relocation trends for 2018 and the challenges that companies have to deal with when sending employees abroad.
Adapting your habits and lifestyle to a new culture during your expat life is challenging already as it is. However, be prepared that it may also be hard for your wallet to comply with the new costs. In order to help with your smooth transition from one economy to another while moving abroad, we have composed a list of the five most essential tips on how to save money as an expat.
The world seems to have risen above the worst financial crisis in modern history, and we are benefiting from some of the highest living standards humanity has ever known. At the same time, we have access to unprecedented technological, scientific, and financial resources, which can give solutions to environmental, economic, geopolitical, and societal challenges. But how ready are governments, businesses, organisations, and people to recognise how interconnected we all are, collaborate and deal with problems at a global level?
Your employer has just placed you on an international assignment, and you wish to know what living standards to expect in your new city. Mercer, the largest human resources consulting group, ranks the quality of living for 2018 in 231 cities based on different categories — from the political and social environment, economic conditions, healthcare, and education, to public services, housing, natural environment, recreation, and availability of goods. Expat.com presents the five most competitive cities in the world when it comes to good quality of life and attraction of global talent and foreign investment.
Türkiye
Leonard, a writer, an educationist, a history-lover, and an avid reader and traveler, has found everything he needs to lead a fulfilled life in Turkey — where two opposite cultures meet and thrive together. He established his new home in Turkey in 2008 by some quirk of fate, and today, ten years later, he knows that his future is tied with Turkey. To find out more about his expat life in this magical country, follow us as we unfold Leonard's story.
For those with an entrepreneur mindset looking to start a business abroad, there is a lot of research to be done regarding which country provides the best conditions regarding all possible aspects. Expat.com gives you an insight into the best countries for business in 2018, according to Forbes magazine.
Your dream has finally come true and you're starting a new year in a new country. Keeping in mind that moving abroad is a challenge, there are so many ways to keep yourself busy while getting the most of your new home. Expat.com gives you some tips to help you start an exciting new year abroad.
The latest edition of the HSBC Expat Explorer survey has arrived, and with it comes some insight into expats and their finances. We have a look at the results to find out some of the places to move to if you want to boost your finances, or where the most expats are property owners.
To remain competitive while trying to make the world a better place, companies must integrate sustainable development at the heart of their strategy. The United States of America, France, the United Kingdom, Canada, Germany, and the Netherlands host some of the world's most affluent and sustainable companies. To guide and inspire you throughout your move abroad as an employee or entrepreneur, Expat.com gives you an insight into the world's five most sustainable companies.
If you are looking to move abroad for work or to set up a business, you may not be seeking the most pristine beaches or warmest climates, but rather international business hubs. The Global Financial Centres Index (GFCI) is a bi-annual ranking that lists the world's leading financial centres. We've taken a look at the results of the 22nd index.
Being an adult comes with a ton of responsibilities, which can result in certain levels of stress and anxiety. How many of these worries aren't we battling day-to-day — Questions like, do I perform well at work, is my family safe, or will I ever have enough savings to do the things I want? To occasionally receive controlled signals of stress, as a response to a particular pressure is normal, and can be motivating and productive. However, it's chronic stress that wears away at us, puts our health at risk, and takes away hope.
If you are banking or have credit or debit cards connected to accounts in a country which you do not currently inhabit, banking fraud poses a greater challenge. Whether you are viewed as a target because you are a foreigner who is likely unfamiliar with the country, or whether your bank doesn't have a presence in the country of residence, there are risks associated with taking out money and using cards linked to international banks. How can you stay safe?
USA
Lisa originally comes from Charente Maritime, France. In her quest for new horizons, she moved to New Zealand where she spent six months before moving back to France. A few months later, she decided to move to the USA for her studies and better career prospects. Passionate about cinematography, she is now living her dream in Los Angeles and shares her enthusiasm with Expat.com.
The meaning of power has changed through time, and nowadays, in the era of digital diplomacy, in which diplomatic objectives are achieved through the internet, the stronger country is the one that collaborates, builds networks beyond geographical borders, and influences others.
One of the most important parts of life abroad, if you aren't making the big bucks, is living on a budget. This will be easier in some countries than others, thanks to cheap food and utilities in one destination contrasting with extortionate rent and expensive transportation in others. Planning parts of your budget before you leave and once you arrive in the country can help with your overall adjustment to life abroad.
Make your relocation easier with our expat guides
Opening a bank account in Bahrain
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Banking services in Mauritius
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Banking in Italy
If you are planning to move to Italy, you may need to open a bank account. Often this is even required by the ...
Banking and finance in Norway
Norway's stable and modern banking system reflects its citizens' prudence and financial foresight. But ...
How to open a bank account in Belgium
If you plan to live long-term in Belgium, it will be preferable to open a bank account. Not only will you need a ...
Opening a bank account in Germany
Expats who plan to stay in Germany for more than 3 months would benefit from opening a bank account with a German ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
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