Step #8, Day 16 Assignment

Your assignment today is to research the import and duty benefits of the residency option you’re considering for the country where you’re thinking you’d like to reinvent your life. Most retiree residency programs and many others, as well, allow you to import household goods and personal possessions into the country with you duty-free. In some cases, it’s a one-time exemption; in others, you can import your belongings in series and still qualify for the tax savings.

Some programs allow you to bring a car, a boat, even, sometimes, an airplane into the country with you without paying the import duty. This can be an important savings, as the customs cost of bringing a vehicle across an international border can be great. More on this mañana.

Meantime, today, again, look into the potential savings and shipping benefits of the residency option you’re considering. These should factor into your thinking about what to ship to your new home with you.

You can begin your research here.

Kathleen Peddicord
Your New Life Overseas Coach