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Relocating to Another Country

Relocation abroad compared route by route: EU residence permits, US work and investor visas like O-1, L-1 and E-2, moving savings through banks, and settling in.

10 articles tagged Relocation

Articles tagged “Relocation”

What relocation requires legally

Relocation means moving your main place of residence to another country, and it always needs a legal basis beyond a tourist entry. Short-stay visas such as the US B1/B2 or a Schengen visa allow visits only, so living and working abroad requires a long-stay visa or residence permit tied to a purpose: work, business, study, family or passive income.

In the EU, each member state issues its own residence permits, usually after a national long-stay (type D) visa, while free movement rules apply only to EU citizens and their families. In the US, routes like O-1, L-1 and E-2 are nonimmigrant statuses, which differ from permanent residence (a green card) obtained through family, employment or the Diversity Visa.

Moving savings is a separate step: under EU anti-money laundering rules, banks ask newcomers to document where their funds came from, and large amounts of cash crossing the EU border must be declared to customs. Staying in a new country for most of the year can also make you a tax resident there, with duties that depend on local law and any applicable tax treaty.