by Toni Hargis
How many people do you know who talk about emigrating? Chances are, most of them have yet to do it, and it’s often because of the huge costs involved. It is crucial to get a detailed idea of these costs in order to avoid disappointment and/or hardship down the line.
The costs can basically be divided into “getting there” and “arrival” costs:
Establish first of all, whether you’re actually eligible to relocate to your chosen spot. Some countries like Australia and the UK , have a point system which includes your salary or earning potential; others like the USA look at your ability to support yourself and/or the family you are planning to bring with you.
Visa type – all visas cost money, but some are more expensive than others. Establishing your eligibility should go hand in hand with figuring out what type of visa you’ll need (if applicable). If you have a complicated visa application, you may also need to hire an agent or a lawyer, which is never cheap.
Additional application costs, such as visa interviews (and travel to and from), background checks and medical exams must also be factored into the overall cost to emigrate. Requirements are different around the world, but none of them are free.
Visiting expenses – many people visit a place before emigrating, which can rack up the costs. Include flights, accommodation, vehicle rental or transportation costs, and temporary visas if applicable.
Shipping your goods – this will be one of your largest expenses, unless you’re planning to literally start afresh. In most cases, sending a container of goods abroad will run into the thousands, with the price increasing the farther you travel. Don’t forget to include the costs of shipping or flying animals.
Property costs – you may have a property to sell, which entails a fee to your realtor or agent. What if the property doesn’t sell by your moving date? How many months’ mortgage can you afford to carry? Do you already own property in your new country? If not, you’ll need rent money too.
As mentioned, you will probably need...
Article continues www.expatfocus.com/toni-hargis-140411