Money Abroad
Being paid in one country and living in another creates three separate questions
Where the money is earned, where it is taxed and where social contributions are due are decided by…
· 3 min read
Money Abroad
Banking, getting paid and being taxed in more than one place.
20 articles · page 1 of 2
Money Abroad
Opening a bank account as a newcomer is a proof problem, not a money problem
Banks are not deciding whether to take your deposit; they are deciding whether they can identify and locate you to a standard their regulator will accept.
By Dev Chatterjee · · 3 min read
Money Abroad
Tax residence is decided by rules you did not choose, and people discover it late
Whether a country treats you as tax resident is a legal test applied to the facts of your life, not a…
· 3 min read
Money Abroad
The real cost of moving money is the rate, not the fee
Currency transfers are priced in two places at once, and the visible charge is usually the smaller of the…
· 3 min read
Money Abroad
Keeping an account at home while living abroad has a shelf life
Banks are obliged to know where their customers live, and an account maintained at an address you no longer…
· 3 min read
Money Abroad
Budgeting for a long stay is dominated by the costs that only happen once
The monthly figure people plan around is usually accurate and irrelevant, because the money that runs out…
· 3 min read
Money Abroad
Credit history does not travel, and that is by design
A twenty-year record of paying bills on time stops at the border, because credit reporting is built on…
· 3 min read
Money Abroad
How a country pays for things is a habit as much as a technology
Cash, cards, instant bank transfers and app-based systems dominate in different places for historical…
· 3 min read
Money Abroad
Pension and social contributions are the easiest thing to lose track of
Working across borders scatters your future entitlements between systems that do not talk to each other…
· 3 min read
Money Abroad
The cost-of-living comparison that matters is the basket you actually buy
National averages are built from a household that is nobody in particular, and a foreign resident’s costs…
· 3 min read
Money Abroad
Supporting people at home is a commitment with a currency attached
Money sent back regularly is one of the most common financial features of a life abroad, and it is a…
· 3 min read
Money Abroad
Holding your savings in one currency and your life in another is a position
Anybody living abroad with money at home has taken a currency bet whether or not they intended to, and…
· 3 min read