Immigration is a massive life change. Here's your financial checklist.
Before You Leave
- Close unnecessary accounts
- Settle all debts if possible
- Notify banks of address change
- Get copies of all financial documents
- Understand tax obligations (exit tax?)
What to Keep Open
- One bank account in home country
- Credit card for emergencies
- Investment accounts (check tax implications)
- Retirement accounts (usually keep)
First Month in New Country
- Open local bank account
- Get tax ID number
- Set up local phone number
- Understand local payment systems
- Start tracking expenses immediately
Long-Term Financial Setup
- Build credit in new country
- Understand retirement system
- Set up local insurance
- Plan for remittances if needed
Start Tracking Together
Download Pocket Clear free. Simple expense tracking for couples and expats.