Automobile, Renters and Home Insurance
It is a requirement in the United States to have insurance when purchasing or leasing a vehicle, as well as taking out a mortgage on a home. However, many Expats moving to the USA face difficulty receiving competitive rates due to their lack of credit history in the country.
Banking and Credit Cards
Expatriates moving to the USA may encounter some financial surprises. Banking in the U.S. differs from banking abroad. Banks in the U.S. have stricter regulations than most other countries. Many institutions often require high balances to secure a checking account, issue a bank card or have high interest rates for credit cards.
Car Financing, Purchasing,
During the hectic relocation process it is easy for necessities to be overlooked. When it comes to transportation, studies show prior to relocating Expats rank car buying at the bottom of the list. After moving to the USA transportation quickly jumps to the top. A car is necessary as 45% of the U.S. population does not have access to public transportation.
If you are moving to the USA on a short-term assignment you may not need to finance purchase or lease a vehicle. Instead you may prefer to rent a vehicle for the duration of your stay. Most locations in the United States will require you to have a vehicle in order to get around as public transportation is rare, unless you are relocating to a metropolitan area.
Finding a comfortable and affordable living space is a top priority. This space will be your home for the duration of your stay in the United States, so it’s important that it is suitable for your needs. If you are on a short-term assignment (more than 30-days, but less than a year) finding an apartment or home to rent can be difficult and costly.
Credit Migration Services
Expats moving to the USA quickly learn that a U.S. credit score is vital for establishing themselves in the country. Without a local credit score Expats face various roadblocks, including trouble obtaining loans, inflated interest rates, and even difficultly securing services like cell phones.
For many Expats, a major fear when moving to the USA is acclimating to a new culture, including language barriers. Even for those Expats who speak English, communicating may still be a challenge, due to language nuances and differences in cultural norms.
During the relocation process, transferring your local currency to U.S. dollars should be a top priority for Expats. Foreign currencies will not be accepted in the United States, and waiting until after you move to exchange your money can result in large monetary losses, and withheld funds and significant delays.
It’s common to have gaps in between leases when you relocate to a new country. While you’re securing your perfect house or apartment in the United States, a hotel can provide you with the short-term, comfortable, and affordable lodging you need in the meantime. Enjoy the full-service amenities and daily housekeeping for stays of less than 30 days without straining your relocation budget.
Access your country-specific corporate immigration resource who is dedicated to assisting you with your relocation into the United States. Every facet of the immigration process is managed for you via one centralized point-of-contact. Services include: Global visas & work permits, Passport Assistance Center, ABC Compliance Support, Global Q& A coach© and more.
Expat families relocating with children face unique challenges that impact different aspects of their life academically, socially, and emotionally. Finding the right school for your child in an unfamiliar country can be confusing and overwhelming, but ultimately very rewarding for both you and your child.
One of the most intimidating parts of moving to a new country as an Expat is not knowing the local language. The fear of not being able to communicate with people in your new location for simple everyday needs can be unsettling. Studies show that the success rate of an assignment skyrockets when an assignee and their family are familiar with the language and culture of their new location.
Pet relocation can be complicated for owners, and tough on pets. Relocating your pet is not as simple as buying a plane ticket. Moving to the USA with your pet is a process that requires documentation, examinations, and a lot of planning.
Moving to the USA will not only affect the employee but their family as well. Family concerns and partner career dissatisfaction are frequently cited as key reasons for an employee relocation assignment failing. Learn what you can do to overcome the challenges Expats and their families face before you leave, so you can have a satisfying relocation experience for the entire family.
Navigating U.S. tax laws can be very stressful for Expats during their first year of arrival. There is a multitude of unique and highly complex U.S. domestic tax laws and regulations affecting foreign nationals. From income tax and social security tax treaties to Totalization Agreements and U.S. Treasury filing obligation, the process is rarely straightforward. Access guidance from an Expat Tax professional to ensure a more seamless process.