Are you self-employed and considering jetting off to work abroad? Are you heading overseas for an important business opportunity? Whether you’re considering relocating overseas or you’d like to gain work experience in a new country, there are certain things you need to consider before making the move. Here are three tips for those thinking about working abroad.
Obtain the necessary visas/licences
You need to ensure you obtain the correct working visa for the country you’ll be visiting. The right one for you will depend on several factors, such as which country you’ll be working in, the length of your visit, the type of work you’ll be doing and so on. For instance, the Australian government offers several different types of working visa, including working holiday, investment, business, skilled, short and long term visas. You’ll need to work out which type will be right for you in the country you’re heading to. Visas can often take several months to process, so it’s important to do this well in advance of your departure to ensure you can work in the country you’re heading to.
Get to grips with tax implications
It’s important to understand the tax implications of working abroad. If you’re jetting off temporarily on a short-term basis, then there may not be any changes to your tax. However, if you’re transferring to a different country permanently or working overseas long-term, it’s likely your taxation will change. For example, the UK government sets out various guidelines for different scenarios – based on where you’re working, for how long and so on. Tax laws are different in all countries, so it’s essential to get advice from a professional and notify all relevant authorities.
Ask the experts
If you’re making a big move, you may benefit from seeking advice and guidance from a qualified legal professional. There are many companies such as Withers Worldwide that can assist businesspeople that are transferring overseas or thinking about setting up abroad – ensuring the transition is as hassle-free as possible. Whether you need help with a country’s immigration system, visas, tax or anything else, a solicitor can help guide you through the process and ensure that key requirements are met.
By getting expert advice, understanding tax implications and the legalities surrounding working abroad, you can start taking the necessary steps towards a successful business venture overseas.