Helping You Build a Life Overseas

Financials


Banking and finance in the Baltics

Sorting out your banking and finances will be one of the primary things to take care of when you buy property or make the move abroad. Today the Baltic Buying Guide take a look at things to consider when setting up your overseas bank account... When you move abroad or purchase property, you will need to have a new bank account set up in order to start your new life. The majority of banks around the world will operate in similar ways to  More...


Choosing your new bank

When making the move abroad or purchasing a holiday or investment property, you will have a million and one tasks on your ever-growing to-do list. Perhaps one of the most pressing will be setting up a bank account. In a number of places, you won’t be able to carry out a house purchase unless you have an account set up there so it is an absolute necessity. If you are emigrating for good, you may be tempted to close all accounts and shut off all ties with the UK. Although  More...


Transferring money abroad – the important facts

Maybe you have just made the decision to make the big move to one of The Baltic States, perhaps you’ve just decided that you would like to spend a considerable portion of the year there or maybe you are in the process of buying an investment property. Presumably you have sorted out all the essentials - where you will live, a job should you need one. The next step is transferring your funds abroad. The automatic reaction for people who have neglected to conduct  More...


Day to day living costs

When starting your new life in the Baltics you will need to take the time to monitor your day to day living costs in order to be able to budget for the future. As with any country around the world, if you move to a large city or town, you can expect things to be much more expensive than if you were to move to a remote area. Cities such as Riga, Vilnius and Tallinn will be more expensive across the board than lesser-known places that the masses are yet to discover. When working out your  More...


A simple way to save money

When you buy property in the Baltics or emigrate there, chances are you will need to move money from the UK to a bank account in Estonia, Latvia or Lithuania, changing pounds into the local currency in the process. The way you make your currency transfers can have consequences that you may not be aware of, namely you run the risk of costly – and unnecessary - losses.  When you are transferring money from the UK to the Baltics, losses can occur through various means;  More...


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