In its broadest sense, an
expatriate is any person living in a different country from where he or she is a citizen. In common usage, the term is often used in the context of professionals sent abroad by their companies, as opposed to locally hired staff (who can also be foreigners).
Most international banks now offer expat banking services geared towards this market. Here is a list of the bank account opening procedure for expats in different countries.
Australia,
Canada,
Denmark,
Germany,
Hong Kong,
Malaysia,
Portugal,
Singapore,
South Africa,
Spain,
Switzerland,
United Kingdom.
Are you an expat looking to migrate?
Check out these visa residency and second passport options.
▸ The 5 Best Caribbean Second Passport Islands
▸ How To Get Panama Residency Visa
▸ Facts And Benefits Of A Vanuatu Second Passport
▸ Grenada Citizenship By Investment Program
▸ St Kitts And Nevis Citizenship By Investment Program
▸ Why Panamanian Residency Is Easier Than Most Others
▸ 6 Reasons Panama Is One Of The Best Places To Move To
As an expat there are so many issues you have to cope with including moving to a new country, managing your money and getting accustomed to different food and cultures. These are some features that will help you adjust.
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Expat Banks
These are some of the main reasons why an
international bank account can be beneficial to expats:
1. They offer potential tax efficiency.
2. They provide
a secure location for funds in well regulated jurisdictions.
3. They provide flexibility, convenience as well as investments in most major
currencies.
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Life for the average expat can be challenging enough, what with acclimatising to a new culture, overcoming language barriers, dealing with foreign bureaucracies, worrying if your money is safe in the local bank, fretting about whether the kids will settle into their new school – the list could go on for quite some length.
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