Best Cities For Expats In Southern Europe part 1 – that will be the topic of today’s article.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

The southern part of the European continent is a popular destination for expats.  This is no wonder as it offers a lot of great opportunities and benefits, especially for those people who love to live in a Mediterranean climate.

Whether you’re looking for better work opportunities, more sunshine, or just a place to settle down and raise a family, you should consider immigrating to Southern Europe. There are many amazing cities in the southern part of Europe, each with its own unique character.

However, we’ve compiled this article not only to explain the best cities for expats in Southern Europe but also to explore the benefits. Have you been surfing the web to get the right information about living in this part of the world? Look no further as we’ve got you covered on this platform.

This list is an attempt to compile some of the best places for expats. If you’re considering making Southern Europe your home, do yourself a favor and visit our list of thirteen amazing Southern European cities that are perfect for living. That being said, the choice is yours, and we encourage you to take a look at all cities on our list, as they’re all worth visiting.

Top 7 Reasons Why Southern Europe is Suitable for Expats

There are many reasons you may want to move abroad, but whatever the case may be, there is always a destination that makes more sense for an expat. If you do not know where to go and you would like to live in a warmer place with a lower cost of living, then Southern Europe is what you might need. Here are the top seven reasons you should consider living in Southern Europe.

Low Cost of Living

Southern Europe is a trendy destination for expats worldwide because it has a lower cost of living when compared to other European countries, which would be a lot more expensive for expats. In Southern European countries, the standard of living is also higher than that of other countries.

Great Climate

Southern Europe has great weather all year, which means that there is one less reason why you shouldn’t consider living in this part of the world. The climate is similar to what you would find in the Caribbean islands and Florida, making it a top choice for expats.

Perfect Location

The locations of the southern European countries make it easy for expats to travel around Europe, and even though it is not such a big continent, if you wanted to go somewhere else, it would be very difficult. Another great thing about living in this part of the world is that since it has such temperate weather, you would not have to worry about extreme cold or heat.

Relaxed Lifestyle

Southern Europe is also different because it offers a relaxed lifestyle for expats who are not exactly fond of big cities or crowded areas. This region has lots of small towns and cities that people can explore, making it an excellent choice for those who are used to a more laidback lifestyle.

Great Travel Destination

The last reason why living in southern Europe would be suitable for expats is because it makes an excellent travel destination for those who are not residing there all year round. The weather is usually pretty good, allowing exploring the beautiful beaches and other great outdoor activities.

Historical Locations

There are also plenty of historical locations that people can visit when living in the southern European countries, which makes it even more appealing to expats who want to explore everything Europe has to offer. The regions might be different from what you are used to, but there is something for everyone here, and it is definitely worth trying out.

Business Opportunities

Business opportunities are definitely something that expats should consider when moving to a new destination. In Southern Europe, there are plenty of business opportunities for those willing to go there. Since this part of the world is doing pretty well right now, it would be an excellent choice for entrepreneurs who want to expand their business.

Best Cities for Expats in Southern Europe

Southern European countries are known for their ‘sunny’ climate and friendly locals. But this region is also home to some of the best cities in Europe for expats, with employment opportunities, quality of life, ease of settling into the country, and overall value. So which is the best? We’ve compiled the thirteen popular cities in southern Europe to help you decide. Without further ado, take a look at it now.

1.    Málaga

This wonderful city located in the south of Spain is one of Europe’s hidden gems and a fantastic place for expats who love spending time outdoors and exploring new places. The mild weather and beautiful beaches, as well as a low cost of living and great opportunities for people who love the seaside lifestyle, should be enough to convince you that Málaga is an excellent choice.

In addition to having a lot to offer to those looking for better work opportunities, the city also offers economic support for startups from other countries. This makes it a perfect place for young expats to start their businesses.

2.    Barcelona

Located in the northeast of Spain, this wonderful city has so much to offer that you can hardly name it all.  One thing is certain – there’s something for everyone here, and it is no wonder why so many people choose Barcelona as their place to settle down. Whether you’re a sun seeker, an outdoor enthusiast, or looking for better work opportunities, Barcelona has it all.

In addition to this, the city offers great public transport and low cost of living, giving people from other countries a chance to really get a feel for the local culture while still being able to afford a comfortable living in this wonderful city by the sea.

3.    Valencia

Located in the east of Spain, Valencia is another great place for expats.  If you’re looking for a sunny climate and lots of opportunities to enjoy the outdoors, then Valencia should definitely be on your list! The mild weather here allows people to spend much more time outdoors, so if you love cycling or hiking, Valencia is perfect for you.

Valencia also offers great work opportunities and its cost of living is much lower than in some other European cities. This makes it a wonderful place for expats who are starting their own business or are looking for better career opportunities.

4.    Ljubljana

Located in the northwest of Slovenia, Ljubljana is one of Europe’s most underrated cities.  It has everything to offer for people looking for a beautiful city with great nightlife, amazing food, and culture that will allow them to feel like they’ve stepped into another world.

The capital of Slovenia has one of the most amazing public transport systems in Europe and is known for its low cost of living. This makes it an excellent place to live for expats looking for a comfortable lifestyle while also having access to great education and healthcare opportunities.

5.    Athens

The capital of Greece is a trendy destination among expats from all over the world. This city has it all – great food, friendly locals, and wonderful weather throughout the year (except for summers), which allows you to explore new things and make the most of your time while living here.

Athens is perfect for people who love spending their time outdoors since there are so many incredible places in this city that allow you to go on a different adventure every time. The low cost of living and great work opportunities are also reasons why so many expats choose Athens as their home.

6.    Madrid

Spain’s capital is a wonderful place to live, especially if you’re an expat from the US.  The cost of living here is also very affordable, making it possible for people from other countries to start their own business or invest in one that already exists with minimal risks.

In addition to offering great work opportunities, Madrid also has many places where you can go to spend your free time better. The city has something for everyone, which is why it attracts so many expats from all over the world.

7.    Dublin

Located in the east of Ireland, Dublin has a lot to offer to find a good place to settle down in Europe.    The city’s weather is mild all year round, allowing people to take advantage of the beautiful environment and make the most of their time living in Dublin.

Dublin has excellent public transport and a low cost of living, which makes it a wonderful place for expats who are looking for better career opportunities while also having access to great education and healthcare opportunities.

8.    Nicosia

Located in the south of Cyprus, Nicosia is a wonderful city attracting more and more expats from all over the world every year thanks to its beautiful weather, great food, and very reasonable cost of living.

In addition to this, Nicosia has a vibrant history which makes it an excellent choice for people who are looking for a city with lots of things to do and see. Nicosia is especially great for families thanks to its low crime rate and friendly locals, making it easy for parents to provide their children with the best quality of life that they deserve.

9.    Belgrade

Belgrade is a very beautiful city attracting more and more expats every year with its friendly locals, great nightlife, and low cost of living.   It’s a very dynamic city which offers something for everyone who is looking for a wonderful place to live in Southern Europe.  If you’re looking for an affordable city where you can enjoy a high quality of life, then Belgrade is the place for you.

10. Lago di Garda

Lago di Garda is an incredible place that allows people to enjoy all of Italy’s beauty without having to spend a fortune.  It’s also one of the safest places in Italy, which makes it perfect for families who are looking for comfort and security when they move abroad.

If you enjoy spending time outdoors, then Lago di Garda is perfect for you – there are so many incredible places to explore near the city, and the lake itself offers so much life and beauty. There’s also a variety of delicious food and friendly locals, which makes Lago di Garda an excellent choice for anyone who loves spending their time outdoors as well as those who think that food is the key to happiness.

11. Sarajevo

The capital of Bosnia and Herzegovina is an incredible city that offers a world-class quality of life for a very affordable price.  In addition to this, Sarajevo has some of the nicest people you will ever meet, which makes it a great place for expats to live in.

Sarajevo is also an up-and-coming city that has lots of opportunities for expats who are looking to grow professionally while living here. Finally, the low cost of living makes Sarajevo a wonderful place for young families with children since there are so many things to do daily, and everything is so affordable.

12. Rome

Rome may be one of the most expensive cities in Italy, but it still offers residents a very high quality of life.  Expats who live in Rome will enjoy spending their time outdoors since there are lots of great places to visit within a short distance from the city.

Rome also has good work opportunities for people who want higher salaries, so if you’re looking to save money for your retirement while also enjoying a great quality of life in Italy, then Rome is the perfect city for you. The people here are very friendly, and there’s always something going on, making it a wonderful place to live in.

13. Larnaca

Larnaca is another amazing place that deserves a spot on this list since it offers expats the chance to live in Cyprus at a very affordable cost. In addition to that, Larnacians are some of the nicest people you will ever meet, which makes a living here all the more enjoyable.

Moreso, Larnaca has a lively nightlife and excellent weather, which means that you can save money for the future while also enjoying life now. Larnaca is perfect for anyone looking to save money and maintain a high quality of life without compromising on anything.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

The Cayman Islands is one of the British overseas territories that recently became one of the main attractions and favorite spots for tourists and expats from all over the world. The fact that the Cayman Islands is considered as one of the huge offshore tax places in the world has only resulted to more and more expats settling there over the years.

Most of the citizens, expats in the Cayman Islands and settlers in the territory come here from the UK, USA, Jamaica and Canada, and therefore they predominantly speak English. A very small proportion of the settlers are Spanish citizens and members of the Patwa Jamaican community.

The Cayman Islands include 3 main islands, namely Grand Cayman, Little Cayman and Cayman Brac. Each of these islands has its unique features and attractions. So, if you’re into scuba diving or snorkeling, head to Grand Cayman. If deep sea fishing is your preference, Cayman Brac is the island for you, and wildlife lovers can head to Little Cayman.

Living in the Cayman Islands can give you a feeling of a mixture of old and new, traditional and modern, with British and American influences. While making serious steps to save their old traditions, the Caymanians are very proud of the progress and increase their country has made during this time.

The country’s political stability – a factor of great importance in the financial and tourism industries – is largely due to the fact that the inhabitants of the Cayman Islands have taken the lead in commerce, public service, a variety of professions and skilled occupations.

One of the main reasons that such a big number of expats plan to move to the Cayman Islands is because it offers them a long-awaited break from their dynamic lives. They can enjoy the same relaxed lifestyle almost every day, which is nothing more than a dream when they live in a big city.

Let’s find out what other reasons might prompt you to consider moving to this majestic paradise?

1. Beautiful beaches

Perhaps the biggest reason expats move to the Cayman Islands is because of the beautiful beaches they have. It is rare to find any other Caribbean island that looks so clean and beautiful from afar. Boating, snorkeling, kitesurfing and other activities for children are very common on these beaches. The climate is also quite pleasant, so children can play heartily on these beaches.

2. Tax-free zone

Duty Free Zone The fact that the Cayman Islands are tax havens makes them very popular destinations for people all over the world. In the Cayman Islands, there is no tax on what you earn or what you eat and drink. Instead, the government receives the funds through fees and import duties, as the country has to import everything from time to time. Very wealthy people often invest their money in the country itself to buy real estate or contribute to the many trusts located in the Cayman Islands. If you are looking for a low-tax retirement in the Caribbean, the Caymans are the natural choice.

3. Weather

When we compare to other beaches, the Cayman Islands’ hospitable weather attracts many expats throughout the year. The rainy season lasts six months from May to November. Most of the time, however, it’s just a passing shower. Summer in the Cayman Islands can be too hot for some expats.

4. Cultural diversity

The diversity that you can see in the Cayman Islands is very surprising, moreover when you learn that people from over different developed countries moved to there before settling permanently. This left behind a very diverse cultural mix. It’s great to see this melting pot of cultures in such a small country, each celebrating each other’s beliefs and differences. Such a varied mix is ​​contagious and won’t let you go anytime soon.

5. Food

Several countries have influenced food choices in the Cayman Islands. Over the years, the kitchen collection has become a favorite for everyone who loves to eat. You can choose from a huge variety of cuisines, much better than you can ever find in any other Caribbean country.

Education in the Cayman Islands

If children accompany you when moving to the Cayman Islands, they must be approved as dependents of your work permit. This will require a letter confirming that they are enrolled in a school on the island, or documents proving that you have enrolled them in a recognized online school/home school program.

Expatriate children are not allowed to attend public schools in the Cayman Islands, and waiting lists (especially for lower grades) at international private schools can belong. It is advisable to start the school application process as soon as you decide to move. Most schools will require your child (s) to have at least two years of official and academic transcripts, as well as an entrance test and interview.

The education system quality is high in Grand Cayman. International schools include Cayman International School in Camana Bay, Cayman Prep and High School, St. Ignatius Catholic School, Grace Christian Academy, First Baptist Christian School, Montessori by the Sea, and Triple C.

For expatriates interested in continuing education, the island has a law school, a medical school, and UCCI, which offers undergraduate programs. Below we will review some of the best international schools for expats who are moving with their families and kids.

International schools in the Cayman Islands are a very good choice for many expat parents who are looking for assuring the continuity in their children’s education. Standards are generally high and teaching staff are are usually well-trained.

These international schools offer a range of curriculum activities, which are a great option for expat parents hoping to give their children a smooth transition into life in Cayman Islands.

Cayman International School (CIS)

Cayman International School started as Faulkner Academy with lofty ideals in October 1994. The school was acquired by International Schools Services (ISS) in 2002 and the name of the school was changed to Cayman International School (CIS) in 2003.

CIS is a non-sectarian co-educational private school for students aged 2 through 12. It was created to provide an American / international educational program for the dependents of multinational professionals living in the Cayman Islands. The school buildings were provided through the generosity of the William and Claire Dart Foundation.

Cayman International School is administered by International School Services (ISS). ISS is a non-profit corporation headquartered in Princeton, New Jersey, USA. She is engaged in the professional development of children attending overseas schools around the world. Since 1955, ISS has developed into a dynamic educational force in the overseas community. ISS is a global leader in providing a wide range of quality educational services for schools, teachers, families, and corporations.

The mission of ISS-operated schools “is to provide a comprehensive accredited American / international college preparatory education program that ensures all students become successful learners of good character by acting as responsible leaders within a culturally diverse global community.”

ISS-administered schools follow the US calendar, strive for US accreditation and offer quality study programs based on the US and international standards, and recognized exemplary teaching strategies.

The goal of ISS Schools is to create an educational environment in which students develop healthy self-esteem, learn self-discipline, acquire knowledge and achieve competencies in a range of skill areas. They will also gain insight into their national heritage by recognizing that they belong to the larger global community.

Accreditation

Cayman International School strives to ensure that the education provided meets an acceptable level of quality as measured by several accreditation agencies.

The Middle States Schools and Colleges Association (MSA) provides school accreditation and improvement services for American international schools overseas and in the Caribbean, as well as schools in the US Mid-Atlantic region. CIS has received full accreditation up to grade 12 from the Middle States Association of Schools and Colleges.

The International Baccalaureate (IB) has authorized CIS to present the Diploma Program in Grades 11 and 12. Schools wishing to offer any of the IB programs must go through a rigorous process called authorization, which is similar to accreditation, but with a focus on curriculum and only teaching standards. CIS received permission to present the Diploma Program in March 2008.

The Cayman Islands Education and Evaluation Standards Unit (ESAU) is the government agency responsible for independently evaluating the public and private schools in the Cayman Islands. ESAU’s mission is to contribute to the continuous improvement of education in schools. CIS was inspected by ESAU in November 2007. CIS is committed to educational excellence.

Cayman International School is a member of the Association of American Schools in South America (AASSA). AASSA’s mission is to provide and promote programs and services for member schools whose primary language of instruction is English, with the aim of improving the quality of American and international education in the Americas.

You can see part 2 here.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

Digital nomads are people who use telecommunication technology to make a living and lead a nomadic lifestyle. This kind of employees usually work remotely, like from foreign countries, public libraries, coworking spaces or cafes. This is often achieved through the use of devices with wireless Internet access, such as smartphones or mobile hotspots. Successful digital nomads often have the need to develop high levels of self-confidence and self-discipline.

The digital nomad uses online (or “digital”) tools to work from anywhere. This kind of work is also called “location independent”.

Digital nomads are people who use wireless digital technology to carry out their work duties and are generally nomadic. These workers usually work remotely – from home, in cafes, public libraries, and even from recreational vehicles – to accomplish tasks and goals that would normally be accomplished in a single stationary workplace.

The digital nomad community has organized various events to host its members. The most popular types of digital nomads are:

• retirees or semi-retirees,
• independently wealthy people or entrepreneurs,
• remote workers (most often younger ones).

People usually want to become a digital nomad for different reasons, and the first one can be the desire to be financially independent and locationally independent. During that time when digital nomads enjoy the advantages of freedom and flexibility, they see one biggest problem – called loneliness, which can consequently cause other problems.

Lifestyle also comes with other challenges such as securing international health insurance with global coverage, complying with various local laws, obtaining work visas and paying taxes in accordance with local and local laws.

Who are digital nomads?

Digital nomads can be:

• Freelancers who write, code, teach, run social media campaigns, and more for their clients online.
• Professionals who provide online / remote services including legal assistance, accounting or even consulting.
• Entrepreneurs who manage their team with online tools
• Employees who work remotely in a more traditional company
• People who create and sell digital products like e-books, manuals, online subscription services, etc.

Digital nomads mostly are young people and they are usually working in industries such as marketing, design, information technology, writing, media, tutoring, or consulting. According to a 2020 study by MBO Partners, there are 10.9 million digital nomads in the US alone, with an additional 19 million Americans reporting that they are considering a digital nomad lifestyle.

Digital nomads can be either remote workers or knowledge process outsourcing workers. While most homeworkers and freelancers are technically digital nomads, the term is most often used to describe people living or traveling abroad or inland while working. Some digital nomads have a wide range of clients and make a living by combining jobs, while others enter into formal or semi-formal agreements with clients that guarantee a certain amount of work or paid time.

Digital nomads are often people who want freedom and flexibility in their job choices and travel times. Digital nomads often live a minimal existence rich in experience rather than physical objects. They get the opportunity to explore new cultures, leaving temporary roots in many places each year. The digital nomad lifestyle isn’t for everyone. If you can’t make enough money on the road, you may find yourself broke with no money to return home.

You may have to work unconventionally and manipulate multiple clients. Digital nomads must have reliable internet access and work and meet deadlines across time zones. Many digital nomads separate the feeling of loneliness, with no family or close friends in the city, and it can be difficult to establish long-term relationships. It can be expensive to purchase travel medical insurance, and even though health care in some countries is cheaper than in the United States.

Pros:

• Freedom from the traditional office environment
• Chance to travel and learn about new cultures
• Time to do some outdoor hobbies like surfing
• More control over your time

Cons:

• Traveling regularly can be expensive
• You may need to work with clients across multiple time zones
• Loneliness or isolation from family and friends
• Must be highly organized for maximum balance between life and work on the road

Digital nomads banking

Banking can be one of the major challenges for nomads when traveling and working, as each country they visit has its own banking system. So why do digital nomads need an alternative to traditional banking. In fact, many people around the world are looking for such alternatives.

This is true for younger generations, who rely on their mobile phones for absolutely everything and do not need a physical space for their banking tasks. And this is especially true for digital nomads who make their living while traveling – often with no real permanent residence to speak of.

Being a digital nomad, is also finding for you, your perfect banking option because you have faced at least one of these restrictions at traditional banks:

• Confirmation of residency in the bank’s country is required
• Failure to fully open an account online (you must personally report to your local branch)
• Commission for receiving and / or withdrawing money in another currency
• ATM card is blocked in less popular countries
• Fees

Let’s now review some of the best banks for digital nomads and figure out all the pros and cons. Here are the most used banks:

• Payoneer
• Monese
• PayPal
• N26
• Revolut
• Charles Schwab
• Monzo
• TransferWise

Payoneer Quick Review

Payoneer is a world-class digital payment system that offers an attractive business account option for small and medium-sized businesses and sole proprietors who rely on frequent cross-border payments and receipts. Payoneer, especially known for its free account management, attractive international payments, and countless other useful features, offers many unique benefits to both small and medium-sized businesses and self-employed professionals as well as freelancers.

Nowadays, employers, employees and independent contractors are increasingly working overseas. However, due to currency exchange, the cost of the reward may be covered by onerous fees. These fees are especially expensive for business payments, which often significantly exceed personal payments.

However, while this is generally not a concern for large corporations (which tend to have their own payment networks and thus provide better rates), smaller companies and self-employed workers are particularly hard hit by high international money transfer fees. This is where Payoneer comes in. By offering a top-notch business account platform that connects local banking details across countries with cheap international payments, Payoneer can provide the ideal solution to meet the international payment needs of small and medium-sized businesses and sole proprietors.

Pros:

• A wide range of payment services and solutions;
• Prompt processing of payments from anywhere in the world;
• Reasonably priced currency exchange fees.

Cons:

• Many types of commissions can accumulate quickly;
• Currency conversion is for business transactions only;
• Strict terms of service;
• Not ideal for purely international payments (this feature is best used through Payoneer accounts).

Monese Quick Review

Another rising star in the European digital banking arena is Monese. Like some of its more established digital banking competitors, Monese takes a mobile-first approach with a versatile and user-friendly app. You can open an account with instant access using EUR, GBP or RON. You do not need a physical address, but you need to reside in the EU or UK to open an account.

Monese offers a contactless MasterCard debit card that you can use at ATMs around the world, in a store or online without any fees. They also offer the option to open a personal account or a joint account with a partner, family member or friend, which comes in handy if you’re part of a digital nomad duo!

Monese gives you the opportunity to send money abroad in about 20 different currencies at the real-time exchange rate, that is cheaper than sending your money through a traditional bank. You can also attach your PayPal account with the help of your Monese app and register, moreover, you can collect and track Avios when you shop at the mentioned stores.

Monese is a good checking account option, especially for digital nomads from the UK or EU who often spend in British Pounds, Euros and Romanian Lei due to its excellent account and spending functions. Monese is also very popular with customers around the world for offering high quality products, even though it does not yet have its own banking license and is smaller than many of its competitors. On the other hand, however, Monese can be quite expensive, especially for foreign currency spending in currencies other than GBP, EUR, SEK and RON.

Pros:

• Available even without proof of residence in the UK or EU;
• Money transfers to more than 30 countries of the world;
• Supports joint accounts and virtual cards in the UK.

Cons:

• Does not offer overdrafts, interest or loans;
• Renewal plans do not usually mean cost savings;
• High commission for converting expenses not related to pounds sterling, euros, Swedish kronor and lei;
• There is an additional charge for currency exchange on weekends.

PayPal Quick Review

Working from 90’s, PayPal is a true digital banking pioneer. It is by far the most established and most famous digital banking platform in the world and it is well known around the world. The company focuses on offering simple options for transferring money between countries.

PayPal serves 25 different currencies in over 200 countries. Unlike some younger competitors, they charge a percentage on their transfers instead of a flat rate. Depending on how large your transfer amount is, the commission can actually increase.

The advantage of PayPal is that it is so widely used that virtually anyone you deal with for billing, payments, transfers, etc. has an account, so business transactions are generally simple and convenient.

Pros:

• Brand awareness and trust all over the world
• Convenient mobile application
• No commissions for sending money to family
• Accepted on most websites
• Easy billing, access to transaction history and financial records

Cons:

• Higher fees than many competitors when sending money as part of a business transaction
• Mandatory 1% commission to get instant access to your funds, otherwise you might have to wait a few days before a free bank transfer is available

N26 Quick Review

N26 was initially launched in Europe, attracting over 2.5 million customers in 24 markets, including the UK, where it launched at the end of 2018.

N26 aims to be the first global application-only bank and has raised over $ 683 million in funding from some of the world’s leading investor banks. It has now launched in the US and has updated its N26 Black card to create the N26 You.

The N26 is a fully fledged UK mobile bank account and currently, users can only select a personal bank account.

The bank says it “makes sending, saving and managing money easier than making a cup of tea.” It offers free international spending and premium paid features suitable for frequent travelers. Like most job seekers, it is suitable for people looking for a fresh, mobile approach to banking.

UK customers can open 3 different types of accounts: N26 checking account, N26 You account or N26 Metal account.

So N26 is a digital only checking account with a modern banking app that shows spending statistics and gives you control over your finances.

N26 already operates in Ireland, France, Germany, Italy, Spain, Austria, Belgium and many other European countries. It has over 3 million customers and was recently launched in the US.

Pros:

• A complete free UK checking account that does pretty much everything you can expect.
• Quick to apply and customize.
• A handy app with great security and budgeting features (freeze map, categorize expenses).
• Unlike other digital banks, your account can be accessed both on your phone and through the N26 web app.
• Free card transactions abroad.
• Set savings goals and save money for a rainy day with Spaces.
• Safe and secure, including deposit protection.
• In-app customer support.
• MasterCard 3D secure.
• Apple / Google Pay.

Cons:

• 1.7% commission for the withdrawal of foreign currency.
• Some important features are still not available in the UK: you cannot set up a standing debit order, deposit cash or make an international money transfer.
• Checking accounts only, no other financial products available.
• No bank branches, so not for you if you like personalized service.
• No phone support and reduced hours of live chat support.

Revolut Quick Overview

Revolut is another popular European bank account that customers can easily manage from their iPhone or Android mobile device through an intuitive app.

The coolest part about the Revolut account is that you can store up to five different currencies, which you can convert commission-free. You also receive a UK bank account number or a free EUR IBAN account and a MasterCard that you can use to withdraw money anywhere in the world.

Keep in mind that with a standard (free) account, you can only withdraw up to £ 200 or € 200 per month for free. The ATM fee is charged for monthly withdrawals in excess of this amount. You have the option to upgrade to a premium account (€ 7.99 per month) or a metal account (€ 13.99 per month) for more flexibility and benefits.

Pros:

• Open a free account online or through the app in minutes
• Up to 5 currencies in one account
• Send money with no hidden fees
• Get a physical MasterCard as well as a UK bank account or IBAN number
• Ability to add additional services such as overseas insurance and device insurance
• Choose a free or upgraded plan that you can pay monthly or yearly with.
• Exchange, buy or store cryptocurrencies such as bitcoins and litecoins.

Cons:

• Free ATM withdrawals are limited to € 200 per month with a standard account
• On weekends (when markets are closed), fees charged vary from 0.5% to 1% at the exchange rate.

Charles Schwab Quick Overview

While we are not focusing on major financial institutions on this list, if you are a US resident, Charles Schwab is worth considering. According to statistics, many digital nomads love using it as a good and solid banking solution as it is a more stable banking option.

One feature that cannot be surpassed is their ATM refund policy for international fees. They actually refund all those international fees you collect along the way that you know can add up quickly. In addition, there is no minimum balance requirement.

It is required to create a brokerage account with a minimum amount of USD 1,000. But a way to get around this is to open an account with Schwab Bank High Yield Investor Checking, which can be easily linked to your brokerage account.

Pros:

• No monthly fees or minimum balance requirements
• Worldwide ATM Fee Refunds
• Excellent customer service
• Provides all the services of a traditional bank including investment services

Cons:

• The user must be a US resident

Monzo Quick Overview

Monzo was founded recently, in 2016 as a prepaid Mastercard, which could be topped up through the application itself and can be used to withdraw funds abroad for free.

Monzo positions itself as a bank that lives on your smartphone and now has over four million customers using its debit card to manage their money and spending around the world. It even raised a record £ 1million in 90 seconds during a £ 20million crowdfunding campaign in 2018. Admittedly, this was something that didn’t suit me, as the unprofitable organization was offering clients to invest in its non-listed stock (non-listed stocks pose a high risk.

Inherently due to the fact that they are not traded on the stock exchange). In July 2020, Mono posted a record loss of £ 113.8 million in a clearly challenging year, heavily impacted by falling interest rates and a worldwide pandemic.

Pros:

• Easy to install
• Suitable for budgeting
• Free expenses abroad.
• Auto save
• Overdraft and loans
• Competitive savings interest rates

Cons:

• Daily limits on withdrawals and expenses
• Apps only – Internet required and no bank branches.
• £ 1 fee for depositing cash to local PayPoint
• You can deposit up to £ 1000 in cash every 6 months (£ 500 if you are 16-17).

TransferWise Quick Review

TransferWise is a UK based company that believes that money shouldn’t have borders. TransferWise was born, which generated accounts all over the world. Now, you simply deposit money into a TransferWise bank account in the country of your choice, and it pays your recipient at the correct exchange rate.

Since its inception in 2011, TransferWise has grown to 6 million customers and is backed by investors from companies like Virgin and PayPal.

TransferWise’s capabilities are divided into several categories depending on how you plan to use the service. At its core, TransferWise is a money transfer service that is most commonly used for international transfers in order to keep rates low and adhere to the actual exchange rate.

Most of the features we’ll list in our TransferWise review follow the same process when sending and receiving money as part of the service. TransferWise then converts the money or saves it in the same currency by transferring it to the account of your choice.

That’s pretty much everything TransferWise does. For some reason, the process of sending and / or receiving money abroad may seem daunting to you, but TransferWise’s interface makes it pretty straightforward and easy to use.

The app is easy to use for business and personal exchanges. You can view your transfer and payment history, send money to all your contacts, and convert money between your TransferWise accounts.

Another benefit of this app is the payment notifications you receive. You can also check the status of your payment if you need to provide any details.

TransferWise tells you exactly where the money is, whether it’s converted to the end or sent to a bank account. Also in the mobile application, the approximate date of receipt of money is reported.

Pros:

• The largest number of currencies for replenishment and storage among all digital banks
• Wonderful customer service experience
• Wise is listed on the London Stock Exchange.

Cons:

• Has no banking license (no deposit guarantee or standing orders)
• No free option to deposit dollars into your account
• You cannot use Wise to transfer merchants that make it easier to trade cryptocurrencies, forex, CFDs and options.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

The Republic of Korea (unofficially – South Korea) is located in the eastern part of Asia, washed by the Yellow, Japanese and East China Seas, has a strong economy focused on the production of high-tech products. The main cultural, financial, scientific, political center and capital of the country is Seoul, which is in the TOP-5 of the richest cities in the world, ahead of such European cities as London and Paris.

The population of South Korea is 51.3 million people. Moreover, more than 99% identify themselves as ethnic Koreans. In addition, several tens of thousands of Chinese live here. Other major diasporas include the Vietnamese, Thais, and Filipinos.

Pros and cons of living in South Korea

South Korea is one of the most developed and successful countries in Asia. Thanks to the economic achievements of the state, Korean citizens can boast of a high standard of living and general well-being. Of course, life in South Korea also has its drawbacks. Let’s highlight the positive and negative aspects of living in Korean territory.

The pros of living in South Korea

• South Korea is a beautiful country with a comfortable climate and a low crime rate.
• Investing and doing business in South Korea is very profitable, which is confirmed by the 5th place in the well-known rating of the Doing Business agency.
• The country hosts a lot of bright festivals and large-scale sports events, where you can have an interesting and fun time.
• Korea’s infrastructure is nearly perfect, with free Wi-Fi and many other cutting-edge technologies available everywhere.
• As a rule, the locals are friendly to foreigners and speak good English.

The cons of living in South Korea

• Living in South Korea is quite expensive.
• It is very difficult to find comfortable housing within the city limits.
• Korean is hard to learn.
• Working in South Korea, including the schedule and corporate culture, is not suitable for all foreigners.
• Despite significant progress in establishing peaceful relations with neighboring North Korea, the risk of escalating tensions still exists.

Tax rates in South Korea in 2021

Corporate income tax:

• Turnover up to 200 million won – 10%.
• Turnover from 200 million to 20 billion won – 20 million, plus 20% of the amount over 200 million won.
• Turnover from 20 billion to 30 billion won – 3.98 billion, plus 22% of over 20 billion won.
• Turnover over 30 billion won – 65.58 billion, plus 25% of over 30 billion.

Dividends (interest, royalties) – 22%

Real estate tax – from 0.24 to 0.6%

Income tax:

• Annual income up to 12 million won – 6%.
• Annual income of 12 million to 46 million won – 720 thousand won, plus 15% of the amount over 12 million.
• Annual income of 46 million to 88 million won – 5.82 million won, plus 24% of over 46 million won.
• Annual income between 88 million won and 150 million won – 15.9 million won, plus 35% of over 88 million won.
• Annual income of 150 million to 300 million won – 37.6 million won, plus 38% of over 150 million won.
• Annual income of 300 million to 500 million won – 94.6 million won, plus 40% of over 300 million won.
• Annual income over 500 million won – 170.6 million won, plus 42% of over 500 million won.

Work and salary in South Korea

For employment in Seoul and other major cities in South Korea, a foreigner must first obtain a work visa. Depending on the specialization of the applicant and the vacancy, the country’s immigration system has 9 types of visas that allow you to work or do business. The most in-demand professions in South Korea are related to the automotive, IT, shipbuilding, finance and electronics industries.

The national minimum wage in South Korea in 2021 is 8,720 won per hour, which is the equivalent of 6.5 euros. For full-time employment, a Korean worker must earn at least 1,822,480 won (approximately € 1,345) monthly. According to the Korea Economic Research Institute and Statistics of the local Ministry of Employment and Labor, the average salary in South Korea is 48,040,020 won per year (about 35,095 euros).

Medicine in South Korea

South Korea has built one of the most efficient, quality, and versatile healthcare systems in the world. Funding comes from the mandatory National Health Insurance Scheme, which covers about 97% of the population. Basic services are provided free of charge to both Koreans and foreigners permanently residing in South Korea. Patients can choose between the Western model of medicine or the traditional Eastern methods of treatment.

In conclusion, we note that the average life expectancy at birth in South Korea in 2021 is 82.5 years, while women live about 85.8 years, and men 79.3.

Higher education in South Korea

South Korea’s economic success was achieved largely thanks to qualified specialists who received a good education in local universities. Currently, there are more than 370 higher educational institutions – universities and colleges in the country. The main language of instruction is Korean, but many programs are taught in English, in particular master’s.

In the prestigious international ranking QS World University Rankings 2021, 30 South Korean universities are represented, while the TOP-100 includes 5 higher educational institutions. The best are Seoul National University, Korea Institute of Advanced Technology, and Pohang University of Science and Technology. The average cost of education in South Korea is about 4-9.5 thousand dollars per year.

Between, afterwards we will mainly talk about education in South Korea, more precisely about the best international schools that expats can trust and send their kids there for a good education.

International schools in South Korea

As with many other countries in Asia, South Korea’s education system is known for its strengths. Students regularly perform above average in all areas, especially math and science. You will be delighted to know that international schools in Seoul meet or exceed these standards.

South Korea offers expats a well-developed international education system for their children. An international school in South Korea is a good option for expats who want to keep their children in the international education system while living and working abroad.

As a rule, international schools have a high quality of teaching and the price is, accordingly, more expensive than in a Korean school. International private primary school tuition costs around 5,000 euros per year, with an increase to around 6,500 euros for a secondary school, and in addition, the entry fee is around 1,000 euros.

International schools are located in all major cities in South Korea, but the most famous and reputable ones are located in the capital of the country, Seoul. The upmarket Gangnam area – yes, the same Gangnam that PSY sings about – has a group of top schools. The rest are scattered throughout Gyeonggi, its surroundings, and the city itself.

Seoul’s international schools are dominated by American, British, and international curricullum. Naturally, this means that English is the language of instruction almost everywhere. If your child attended a school that does not teach English, they may be required to take an English proficiency test as part of the application process.

There are also several schools offering European curricula with relevant languages ​​(eg French curriculum taught in French). Learning Korean is optional, but in all cases it is offered as an additional language. Mandarin is also often offered.

Applications for admission to international schools in Seoul are accepted on a first come, first served basis. Your child must meet the criteria set at the government level, but don’t worry! There is nothing crazy about this and it is standard in many parts of the world. Some schools also have their own additional criteria, but again, this is not a cause for concern.

And you don’t need us to tell you this, but the sooner you apply to your chosen international school, the better.

A day at an international school in Seoul starts at 8 am and lasts until about 3-4 pm. When lessons are over, your child has extensive extracurricular activities. The sport is especially popular in Seoul; many international schools have excellent outdoor sports facilities.

However, you can expect all the usual bells and whistles other than all-weather fields. Admittedly, the high price you will pay to educate your child at an international school in Seoul will include daily freshly-prepared hot meals. In some cases, you can even take a private bus to and from the surrounding areas of the city for your child.

Native English teachers are standard as they are much smaller than average. Even the international schools with the largest class size will have less than 20 students.

At the opposite end of the scale, the smallest international schools will continue to have small classes and very diverse enrollment. You will find at least 10-20 students from different countries. In larger schools, the number of nationalities will be double or more.

International schools in Seoul are often guided by a Christian spirit. This can include mandatory uniforms and somewhat stringent codes of conduct. However, if this isn’t yours, don’t worry. Seoul has a large selection of schools and you are sure to find a school that is perfect for you and your child.

Below you will find the overviews of some best international schools in Seoul. However, there are 17 more schools in the city. You can find the best international school for your child by personalizing the results.

Requirements for candidates

For admission to one of the international schools in South Korea, international students usually need to provide the following:

• Completed application form (provided by the international school)
• Proof of eligibility for admission to a foreign school in Korea
• Copies of relevant forms from schools attended in the past two years. (If the forms are in any language other than English, a translated version is required.)
• Reference letter from a recent teacher
• Photocopy of the main page of the passport
• Most recent test scores (usually English, math and science) for 2nd to 9th grade students only
• Two full pages of original written work (in English) from recent school assignments, verified by the signature of a school official.
• The last two math assignments or test scores
• Medical forms
• Entry and registration fees

Some international schools also require entrance tests for prospective students in grades 1-9. The entrance test includes interviews, reading, writing and math tests.

Most international schools accept applications during the year, but the system operates on a first come, first served basis (among other criteria). The best option is to apply as early as possible, before the start of the school year. British, European and American systems have different timetables, be sure to check the relevant timelines before applying.

Choosing an international school

Choosing an international school for your children is never an easy decision. When deciding to send your children to an international institution in another country, there are several important factors to consider: your child’s level of English, educational level, educational system in your original country, educational level, school location and length of stay. These factors can vary from one foreigner to another and influence the choice of an international school.

Below is a list of some of the top international schools in South Korea:

Korean International School (KIS)

The Korea International School offers students on Hong Kong Island an alternative to the IB program, offering UK A-level education.

While the Korea International School (KIS) was founded in 1960 with just six students to meet the needs of the Korean community in Hong Kong, today it offers both Korean and international flow to the international student community. The international section is significantly larger: 400 students compared to 110.

The International Section of KIS offers British-style training for the English speaking community in Hong Kong. Tuition is based on the UK Early Years Foundation Stage (EYFS) at admission and later on the Cambridge International Primary Program for students in grades 1-13; Students take IGCSE exams in grade 10 and A Level exams in grade 13. The school has a decent academic record; in 2017, 74% of all IGCSE grades were A * – C and over 50% of A Level grades were A * – C. Most of the students here go on to university in the UK, followed by Hong Kong or the United States.

The languages ​​offered are Chinese and Korean; high school has a BYOD program; and KIS offers a variety of extracurricular activities, sports clubs, environmental initiatives and charitable projects outside of educational institutions.

Amenities on campus at Sai Van Ho (which is close to Delia Canadian School) include a recently renovated library with an extensive collection of Chinese, Spanish and Korean books. Fees range from HK $ 100,900 per year 1 to HK $ 112,300 per year 13.

Yongsan International School of Seoul (YISS)

Conveniently located in the heart of Seoul, YISS is a diverse K-12 community with more than 960 students in over 50 countries. YISS is fully accredited by WASC and the Association of Christian Schools International (ACSI).

The Yongsan International School of Seoul (YISS) is a K-12 private school in downtown Seoul offering an American curriculum to the international community. They welcome families and students of all religions and worldviews from over 50 countries, providing a rich multicultural experience based on the values ​​of truth, excellence and diversity.

In this supportive environment, the pursuit of individual student success is supported by a team of highly qualified, passionate Christian teachers and staff who inspire a love of learning and unleash the potential of each student to achieve goals. Located in the heart of Seoul, our state-of-the-art campus fosters learning by creating a safe educational environment conducive to research.

Studying at YISS is an exceptional educational experience that empowers students and prepares them for success in college and beyond, anywhere in the world.

Dulwich College Seoul

This is a new school located in the central Seocho District. 600 students from toddlers to 13-year-olds (24 months to 18 years).

Dulwich College is one of the oldest independent schools in the UK, founded in South London as a boys’ school in 1619. Dulwich International College (DCI) was founded to provide Dulwich education to students around the world and is now one of the fastest growing schools. UK Independent School Networks.

Dulwich College Seoul offers exemplary, British-style international education for 700 international students aged 4 to 18 from over 40 different countries. The curriculum is in line with best practice in the Early Childhood Foundation and the National English Curriculum.

Through our accreditation of the Cambridge International Exam (CIE), they offer the IGCSE program, and its status as an International Baccalaureate School allows students to continue their studies with the IB Diploma program. The college is accredited by the International Schools Council (CIS) and the Western Association of Schools and Colleges (WASC).

The campus is located on a specially designed urban campus south of the Han River in the central Socho district. The campus has outdoor playgrounds, an all-weather sports field, a five-a-side football pitch, as well as an indoor gym, and a 25-meter indoor pool.

Services also include a 250-seat auditorium, a black box theater, dance studio, self-contained suites with music rooms, two fully stocked learning resource centers and libraries, science labs, an open rope course, food technology cabinet, art, and design workshops. and a stove room.

Seoul InternationalSchool (SIS)

Accredited by the WesternAssociationofSchoolsofColleges (WASC), the school provides students with a challenging American curriculum and boasts state-of-the-art amenities.

Seoul International School (SIS) is an academic institution that aims to provide a sophisticated curriculum in the United States to meet the primary and secondary education needs of international students living in Seoul, Korea. The school is committed to the arts, humanities, and sciences as the best preparation for higher education, service to humanity, and lifelong learning in their rapidly changing world.

They efforts are aimed at maximizing the intellectual, creative, moral, physical, and emotional abilities of students in collaboration with parents and the world community. SIS strives to offer a wide range of educational programs, both educational and complementary, in a safe, orderly and supportive environment.

Seoul International School develops inquisitive, independent thinkers and cooperative students who acquire the necessary knowledge to be caring and creative participants in the world around them.

Seoul International School, conveniently located south of Seoul, provides a safe and secure learning environment for your child. Significant and constant updates keep us up to date with the ever-changing needs of their curriculum. The current campus is spread over three buildings that include a swimming pool, three gyms, a state-of-the-art auditorium, an atrium, music and music rooms, fully equipped science labs, state-of-the-art classrooms, and more.

Taejon Christian International School (TCIS)

The school is currently a K-12 school with about 600 students. Located next to Korea’s main research area, the school has a state-of-the-art high school building with high-speed wireless Internet access.

One of the first things that stands out at TCIS is the combination of top-notch scientists and the spirit of the Christian community. TCIS is one of the few schools in the world to offer all three IB programs in a Christian context. TCIS was the forerunner of IB’s investment in South Korea, becoming the first school in the country to offer all three programs.

Each year, students are distinguished by their academic excellence, athletic performance, visual and performing arts, and compassion to serve the needs of their fellows. Using educational excellence and preaching love and hope, they work to educate internationally capable students who are competent, compassionate and strong leaders.

For families living outside of Daejeon and Korea, TCIS offers an on-campus residency program. Students thrive here, it is more than just a place to live, they grow in personal character and responsibility. There are many benefits to being a TCIS Boarding Care member. In fact, they had local families who allowed their children to enter a boarding program to reap the benefits and experience of preparing for university life right now, in a safe and manageable way.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

Have you decided to make Singapore your new location? If that sounds like a YES, you’re on the right platform. One of the first things you’ll want to consider is getting to know the country. Did you check our post or guide on living in Singapore for expat? If you’re not, take time to go through it before reading.

So, as you would love to settle in Singapore, many factors can hinder your relocation. Some of which include; visa applications, employment, language barrier, getting around, and making friends. Regardless of these factors, you’ll need to prepare ahead and, if possible, seek travel advice.

However, as a new expat in Singapore, you’ve probably got a long to-do list which might not include figuring out the best banks in the country. Moreover, this is one of the things you’d need after relocating to a new nation. Since you won’t be using your local currency, opening a bank account is crucial for you.

Now, are you curious about knowing the best banks in Singapore for expats? Well, worry less, as we’ve got you covered in this article. Singapore is known as the top financial hub in Asia. Given its status as a globally competitive market, it’s no surprise that many emigrants have decided to relocate to Singapore.

Moreover, we have compiled this article to meet your requirements. You don’t need to keep surfing the internet to know the best banks in Singapore. This is due to the fact that you have everything in this ultimate guide. Would you love to know what we’ve unleashed for you? Read further to get the full details.

Travel Tips to Expatriate in Singapore

Expatriation is often a significant source of stress as it implies starting from scratch in all ramifications or fields. Among others, Singapore expatriates need to find a job, choose new accommodation, sign up for health insurance, and, most importantly, think about opening a bank account.

Now, how do you address those issues as a future expatriate? Well, starting with a simple travel guide could see you through the process. We aim to bring all expat the latest tips for relocation and create a favorable route or guide to travel. Without further ado, below are the tips to expatriate in Singapore.

Capitalize On a Good Network

There are more reasons to choose Singapore in today’s world. But if you’re just traveling to the country for the first time, one of the tips you should be wary of is to capitalize on a good network. However, if you have a relative or colleague with professional contacts in Singapore, you should get in touch.

The labor demand in the country is in high demand, and therefore job opportunities are numerous for expatriates. With that being said, you need to have a professional that understands the process to avoid being scammed. As the professional world in the country emphasized networks, you should have one.

Explore the Best Recruitment Agencies

If you don’t know anyone in Singapore, this is when you’ll need to explore the best recruitment agencies in the country. They may put you in contact with the right people, but you should have researched the best agencies. In the same way, you can get assistance from the Human Resources department of the various Chambers of Commerce in the country.

Avoid Focusing on Expatriates Areas

Expat areas in Singapore are usually less affordable than others. In fact, real estate agents tend to show expats the apartments located in those districts. However, you should rather take your time to visit other flats in cheaper districts before making your decisions. Basically, you can find something affordable with respect to your income level, as the range of prices is large from the luxurious condos.

Seek Advice from Other Expatriates

In addition, to enjoy your relocation process, getting advice from other expatriates is essential. Moreover, this could even be an opportunity to meet fellow expat as your future roommates if you’re looking to have a shared apartment. Also, by seeking advice from other expatriate, you’ll have a lot of apartments to choose from.

Best Places to Live in Singapore

Singapore is considered to be a small country where neighborhoods bleed into one another easily. Even if you’re going to visit a friend in the country, it will take approximately 45 minutes long to get to your destination. With strong transportation connecting the routes together, Singapore is the right place.

While the country has its pros and cons, it is important to think about what you want before planning your trip.  We have listed the top places for expats to live, chosen for personality, location, amenities, budgets, and many others. Without further ado, below are the best places for expat to live in Singapore.

Tiong Bahru (Singapore)

Tiong Bahru is a heritage housing estate that’s rich with retro charm. The city has a well-designed street in an interlocking horseshoe shape, enclosing the community center. This expat community is located about 15 minutes outside of the city center. Moreover, Tiong Bahru is a nice escape from the downtown skyscrapers and has a much quieter feel.

Holland Village (Singapore)

The Holland village is one of the most popular areas for expat to reside. It’s home to lots of families, and it has a very eclectic feel with a variety of bars, shops local and western restaurants. In addition, Holland village puts expats in proximity to some very good schools options, including high quality and landed houses.

Tanjong Pagar (Singapore)

Tanjong pagar is another suitable destination for expats that want to relocate to Singapore. This area boasts many classically beautiful shop house storefronts that maintain Singapore’s Malay heritage and give the city its sense of picturesque charm. Located just outside the central business district, the neighborhood is home to bankers and different advertising agencies.

Sentosa (Singapore)

Sentosa is another place for expats to reside in today’s world. For those who have a generous relocation package, this expat area can be an attractive high-end option. Aside from this fact, Sentosa boasts homes right on the water, and they are both in beautiful condos and even in some landed houses.

Ultimate Guide to the Best Banks in Singapore

To understand the banks in Singapore, you might have been residing in the country for a long, right? Of course, if that’s the case, let’s take you through the ultimate guide to the best banks for expat in the country as of 2021. While some of the famous banks include DBS, OCBS, read further to know more.

The bank services in Singapore are famous, and most of the popular ones include; DBS (Development Bank of Singapore Limited), OCBC (Oversea-Chinese Banking Corporation Limited), UOB (United Overseas Bank Limited), and many more. At the same time, Singapore is also home to offshore and multinational banks like Standard Chartered and HSBC.

Furthermore, if you’re choosing a bank, you need to consider your banking needs. As a general rule of thumb, most expats in this country will require the banking services as listed below.

Singapore’s Savings Account

No matter your income or level of employment in the country, you’ll need a basic bank account for crediting your salary and depositing money. Not only that, but you’ll also be earning interest on the money in your account. Additionally, your interest rates differ across banks, so be sure to choose one that offers you the best credit or debit rate as you wish.

Automated Teller Machine

While mobile wallets and credit cards are widely used in Singapore, you’ll still want to ensure that you carry enough cash with you. For example, certain food places in Singapore operate solely on a cash-based system. This means you’ll have to go with your card to transact in any other food palace or restaurant.

Multi-Currency Account in Singapore

Some banks in Singapore allow you to store money in multiple currencies. This process is highly beneficial for expats, especially if you frequently travel since you can hold one or more foreign currencies within the same account. Also, when you wish to remit money to your loved ones back at home, a multi-currency account is essential. Again, the multi-currency account is a great way to avoid some international transaction fees that might be imposed on normal bank accounts.

Credit Card in Singapore

The credit card in Singapore is basically a must-have, given its status as one of the most universally accepted modes of payment. Whether you decide to buy an electronic gadget or groceries from local supermarkets, credit cards will always come in handy for any transaction.

DBS Expat Programme in Singapore

As an expat, you might want to consider opening a DBS expat program. This account allows expat to set various currency wallets and exchange money whenever rates are favorable. You can also shop, pay for groceries, and many others with this DBS expat program. Some of the requirements for opening this account include; your passport, employment pass, proof of residential address, and approved letter.

UOB Bank Account

Another expat-friendly bank in Singapore is known as the United Overseas Bank Limited. Aside from other perks, this kind of bank account provides up to a 10 percent rebate when you spend using your debit or credit card.  Also, it offers a competitive exchange rate for overseas expenditure. To apply for this kind of bank account, you’ll need to head down to the bank in person. And some of the documents involved include; your passport, proof of residence address, employment pass, and many others.

Citibank Global Banking Programme

Citibank’s Global Banking Programme helps foreigners manage their international accounts more easily. Aside from this fact, it offers fringe perks such as international relocation services and provides other services to help you better manage your finances. More so, if you have a Citibank account in your home country, you can use the Citibank Global Transfer service, as it allows you to remit money with no fees. If you want to open this kind of bank account, you’ll need to submit your form with personal particulars.

Standard Chartered Expat Banking

Standard chartered expat banking is another bank that’s suitable for expat. In fact, you can open this bank account before you arrive in the country and remit money to an overseas StanChart account for free. This bank takes pride in prioritizing its customers. With dedicated and personalized support from its relationship Managers in your origin and destination countries, you can enjoy premium services.

HSPC Expat Banking

This type of bank is similar to Citibank and Standard Chartered bank. It offers an international banking solution for expats that plan to relocate to Singapore. On the flip side, HSPC bank allows customers to open a bank account before arriving in Singapore by simply getting in touch with the bank before arrival. However, the bank is unique, and it offers free remittance to nearly 230 countries, whether or not the recipient is an HSBC account holder.

Wise (formerly Transferwise)

Wise, formerly known as Transferwise, is a solution to traditional banking for expats in Singapore. Aside from this fact, it is a London-based leading fintech company established in 2011. The mission of this financial institution is to make international money transfers fast, cheap, convenient, and reliable. With multiple currency support and its excellent services, they have helped more than 10 million individuals and businesses to manage their money on a global scale.

With a Wise account, expat can convert and hold up to 56 currencies. Additionally, the best thing to operate this account is that you can transfer your money to more than 70 countries with a low and transparent fee. However, the fees are on average seven times lower than high-street banks and Paypal.

Requirements to open a Bank Account in Singapore

In most cases, the first thing you need when you’re opening a bank account in Singapore is to meet the qualification criteria to stay in Singapore for a long period of time. To this end, it would be better to check whether your documents are complete and make sure you have proof of residence before planning.

Moreover, applicants that the Singapore government blacklists cannot open bank accounts. Therefore, it is clear-cut that the requirements are bare essentials. Now that you’re eligible for a bank account understanding the key documents is quite essential. Below are the key requirements.

• A valid passport that’d certify your identity in the country
• Valid employment to certify that you work or study right in Singapore. This document could be your study visa or employment visa
• A valid proof of residential address is suitable to confirm your place of residence when you’re in Singapore. These documents are copies of a recent bank statement or utility bill, or a letter verifying your current employment

Top 5 Reasons to Open a Bank Account in Singapore

As one of the financial hubs of Asia, Singapore is a popular destination for expat. It’s not just a tourist center, but you’ll definitely enjoy your stay in this country. While you’re enjoying your stay, it’s also crucial to open a bank account. Now, what are the reasons for opening this account? Well, check it out below.

1.    Highly Advanced Financial Hub

There are tons of financial platforms in Singapore, which could trigger you to open a bank account. Also, Singapore’s banks and financial institutions employ cutting-edge technology. While there are equally safe platforms, you should open a Singapore bank account for local and overseas transactions.

2.    Unique Investment Opportunities for Expat

Singapore’s unique position, as a bridge between East and West, offers unique investment opportunities that expat will not find in their country. This is because; you can find numerous wealth management services, brokerage houses, funds, and much more to manage your money while living in the country.

On the flip side, you can be positioned to take advantage of markets in Singapore, Hong Kong, the United States, and others. Therefore, expats would definitely enjoy the unique investment opportunity in the country for just opening a bank account in the country.

3.    Forex Isn’t a Major Problem

Another reason to open a bank account in Singapore is that foreign exchange isn’t a major problem. Moreover, banks may not give you the best exchange rates when you transfer money to and from home, and some banks will require you to open a mess of accounts to handle the different country transactions. But in Singapore, you can open a savings account in your choice of 10 different currencies.

4.    Highly-Skilled Wealth Management Boards

The wealth management teams in Singapore are quite educated and highly skilled. With this in mind, you should be expecting the best banking services in the country. On the flip side, you can take advantage of the specialized wealth management services offered by the banks if you have substantial wealth in the bank and investment assets. With this, you can get a holistic view of your wealth.

5.    High Degree of Safety

The high degree of safety is another reason to open a bank account. Most of the banks are standard, and they have a reliable staff. With that being said, you should know that your money is safe. And this makes it ideal for storing your legally acquired assets in a safe hand. Also, note that the banking sector is highly regulated to prevent fraud and other malpractices in the country.

6.    Regulated Exchange Rates

The standard regulated bank in Singapore has a convenient foreign exchange rate. While some banks in other countries require customers to have multiple accounts to handle different currencies or offer low exchange rates, Singapore banks are more customer-oriented, and they offer the best foreign exchange rate to customers. More so, the banks can even give you more details about the various lucrative emerging markets.

7.    Excellent Banking Secrecy

Secrecy maintained by the Singapore banks is another reason to consider opening the account. This is due to the fact that Singapore has developed its banking secrecy laws over the past decade, and it now allows freer exchanges of tax information between participating nations. However, you should know that a stated law governs the banking secrecy in Singapore.

Frequently Asked Questions about Singapore Banks

What’s the strongest bank in Singapore?

From the explanation about the best banks, you should know that the strongest are the best banks we’ve listed in this article. Some of these banks include; DBS Bank, OCBC Bank, Maybank, and many others, to mention a few.  In the long run, you can check out this platform for more information.

Is Singapore’s banking system well?

As of 2021, we can tell you that Singapore’s banking system is good. And because they are known as the safest in the world, the benefits of opening one cannot be overemphasized. However, the banks rank at positions 1, 2, and 3 for the same survey conducted for the Asian subcontinent. Also, you should note that Singapore has never had a bank failure since the bank’s inception.

Can a foreigner open a bank account in Singapore?

Of course, yes! The above banks are meant for expats, and they can open a bank account without disturbance from anyone. Meanwhile, to open a bank account, you’ll need to provide the documents mentioned in this articles. But be rest assured that an expat can open a bank account in the country.

Which country has the safest banking options?

Surprisingly, Singapore is among the countries with the safest banking system. From our research, Finland, Canada, and Hong Kong are the leading safest countries in the banking system. However, Singapore took the fourth position, after which Norway, Germany, and Switzerland are next.

Which bank is the safest in Asia?

When it comes to choosing the safest banks in Asia, there are more to pick. Sometimes, these banks are considered the lead because of their standard, customer-oriented facilities and services. However, the banks that made it to the top include; ICBC, China construction bank, and agricultural bank of China.

Conclusion

When it comes to living in Singapore, the first thing to consider is opening a bank account. Since the country is vibrant, and it’s one of the most desirable destinations for expat, choosing the best banking option is essential. Nonetheless, we’ve compiled the best banks in Singapore to choose from.

Before introducing this article, if you are interested in our core services which are expat financial, insurance, and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

It is no new dream for many workers to be able to work while traveling. Who doesn’t want to work remotely on a beach or a cozy island? No doubt, if you have worked remotely, the fantasy of doing your work elsewhere than on your couch is definitely a reoccurring one. After all, with a strong internet connection, you can work from any corner of the world. And when conventional workers discovered this, digital nomadism was born.

The onset of the Covid 19 pandemic started a new era in the commercial and tourism world. For the commercial world—most employees accustomed to a face-to-face work system had to adapt to a new way of working from home.

Nonetheless, the covid 19 eras are slowly fading away, and workers are now returning to their workplace to continue their remote work. Peradventure, you are one of those workers, and you wish to participate in digital nomadism and want to know the countries that are available for it. Keep reading!

Digital nomadism is more of a lifestyle than a job. It is the combination of work, money, tourism, and to add it all up, it makes your work more fun. Plus, workers that have jobs with affiliation with creativity would be perfect for this.

Now, what’s a better way to get inspiration than the cool breeze from a beach in Costa Rica? In this article, we’ve got you covered! And we will walk you through the countries that are open to expats and digital nomads. Please read the full article to get a glimpse of what we’ve unleashed.

What is a Digital Nomad Visa, and Which Countries Offer it?

To understand how a digital nomad visa works, the definition of what a digital nomad is necessary. A digital nomad is a remote worker with a nomadic lifestyle and uses the internet to work remotely outside the country they normally live in.

Now that the definition of a digital nomad is set in stone, you can understand digital nomad visas better. Digital Nomad Visa is a document that gives you the right to work remotely in a country that you don’t permanently live in.

Since the start of the Covid-19 pandemic, the world has changed and is still evolving. More so, no sector has experienced this change other than the travel sector and where we work. Countries with tourism-dependent revenue keep suffering from it, and not many people are willing to travel yet.  Nonetheless, tourism moves the income of many countries, which inspired the approval of new work visas, including the digital nomad visa and visas for tourism by expats.

A-List of Countries Open to Expats and Digital Nomads in July 2021

As of the 9th of July, 2021, 25 countries offer digital nomad visas and are open to expats. Here is a list of the countries that are open for tourism and digital nomadism.

Countries Open for Digital Nomadism

• Antigua & Barbuda
• Barbados
• Bermuda
• Cayman Islands
• Croatia
• Czech Republic
• Curacao
• Costa Rica
• Dominica
• Dubai
• Estonia
• Germany 
• Mexico
• Australia
• Portugal
• Spain
• Montserrat
• Mauritius
• Romania
• Greece – (to begin soon)
• Thailand – (to start soon)
• Indonesia – (to start soon)
• Cape Town–(to start soon)
• Sri Lanka– (to start soon)

A Detailed Guide of Countries Offering Digital Nomad Visas in July 2021

ANTIGUA & BARBUDA

Antigua and Barbuda offer a visa called the nomad digital residency. This visa is specific to digital nomads that are capable of supporting themselves and family members. The visa spans two years, and to benefit from it, and you would need to get a health insurance plan.

The Requirements

• You have to make an average of $50,000 a year.
• You need a location for accommodation that isn’t your office.
• You are to work for an organization outside Antigua and Barbuda.

How to get an “NDR” Nomad Digital Residency Visa

To get the visa so you can be a digital nomad in Antigua and Barbuda, there are three brief steps you have to follow.

• First, you fill up their online application form here.
• Tender a police background check and your proof of employment.
• Lastly, you pay a sum of 1,500 for one, 2,000 for two (a couple), and 3,000 for a family of three or more.

BARBADOS

Barbados is another country on the list of digital nomad accepting countries. Not too long ago, the country started to offer a Barbados welcome stamp. This stamp provides a one-year working vacation visa for digital nomads. The visa price, more so, is $2000 for a person and $3000 for families.

Requirements

• You must own a location-independent business. If you don’t, you should work remotely for an organization that isn’t based in Barbados.

• You have to have a minimum annual income of $50,000.

• Lastly, a compulsory Covid19 test must be taken. Plus, a mandatory two days quarantine at arrival.

How to Get Barbados Welcome Stamp

• The first step is to fill their online application form.
• Next, you pay for the stamp. The stamp goes for about $2000.

Bermuda

Bermuda launched a new visa program, “work from Bermuda, for digital nomads and remote workers. The program aims to permit workers and students alike to work remotely on their beautiful island stress-free.

The country claims that they are set to admit workers as long as they have electric car rentals, multiple co-working spaces, a vacation that would allow digital nomads and expats to have a nice time for the period of one year on the island. A fascinating part of this offer is it doesn’t have any minimum income requirement.

The Conditions for the Visa Program

• You must own a location-independent business. If you don’t, you should work remotely for an organization that isn’t based in Bermuda.
• You tender proof of your travel insurance.

How to get it

• Go online and fill up their application form.
• Submit all of the required paperwork and pay a sum of $263 as a Visa fee.

Cayman Islands

The department of tourism of Cayman islands recently launched a specific visa for digital nomads that is called the “Global Citizen Concierge Program (GCCP).” This visa allows digital nomads to work and live in their country for two years.

For the Cayman Islands, the minimum income requirement is a bit more than that of other countries that permit digital nomadism. If you haven’t moved or you still plan to move, the income requirement might serve as a push to becoming a six-figure earner.

Digital nomads that have the Cayman Islands as a country of interest must have a minimum income requirement of $100,000 if you are alone and a minimum income requirement of $150,000 if you are a couple.

More so, since this program was just launched recently, a full detailed list of requirements hasn’t been released yet. Nonetheless, here are some conditions we managed to find.

• You must be a remote worker for an organization/company outside the country.
• A notarized bank reference letter would be needed.
• You would also need a health insurance policy.

How to get into the Global Citizen Concierge Program (GCCP)

• You will have to fill up their online application form.
• Also, you will have to pay a sum of $1,469 as an application fee.

Croatia

Croatia has boarded the digital nomadism train and offers digital nomads a visa for 12 months with no extensions. Application is open to workers who work remotely outside Croatia and in third-world countries.

To get a Visa, You Will Need to do the following;

• Fill up their online application form
• Prove that you work on communication technology for an organization outside Croatia
• Submit your passports and purchase health insurance that covers Croatia.
• Have in your bank account an amount of $4,544.81

Czech Republic

This country offers digital nomads a visa called Zivno. The visa allows digital nomads to stay in this country for a period of one year with a possibility of a one-year extension.

How to get Zinvo

• You will have to have a trade license from a selected list.
• Tender a proof of a year accommodation
• You have to have a minimum of $5 in your bank account.
• You would also have to pay a sum of $80 every month as tax.

Curacao

The beautiful island of Curacao is now open for digital nomadism. They offer an initiative called the @home in curacao program.

How to get it

• You need to tender proof of contract with a country outside Curacao.
• You have to be a partner or have shares in a foreign organization/company.
• Good
• You will need to submit your passports as well, purchase tour travel insurance with covid19 expenses inclusive.

The application fee for this program is just $300. So why not head to a cozy tropical island?

Costa Rica

For a decade now, Costa Rica has become a stable economic state with a lot of social programs and a tax system that favors expats and digital nomads. This country now offers a visa “Rentista.” To earn this residency Visa, digital nomads are to release proof of a monthly income of about $ 2,500 from a foreign organization. Plus, it has to be corroborated with a foreign banking institution for at least two years.

How to Get Rentista

Interested digital nomads should earn a minimum income of $2,500 monthly or deposit $60,000 in any Costa Rica bank.

• Register online by filling out their application form on their site.
• Translate or convert all of the documents to Spanish and verify them in the country you wish to depart.
• You would also have to pay a sum of $250 for the residency visa.

Dominica

Dominica, not the Dominican Republic, just launched a new visa program, “Work in Nature.” This visa program is open to freelancers and digital nomads. It allows them to literally “work in the nature” of this Caribbean island for a period of 18 months.

Conditions for Eligibility

• You must have a clean criminal record from the country you are leaving.
• Earn or make a sum of $50,000 annually.
• Be open to working remotely
• You would also have to pay the visa fee. The visa fee for an individual is $800, while it is $1,200 for families. Along with this visa fee, you are required to pay an additional non-refundable sum of $100.

Dubai

Dubai came on board with digital nomadism when, earlier this year, it released a remote work and travel visa program—with the visa costing just $287.

How to Get the Remote Work and Travel Visa

• You will have to tender UAE-validated health insurance.
• Sample proof of employment from your foreign country.
• This last step might be a bit difficult for freelancers as they may not have these documents. Monthly salary statement and a one-year contract.

Estonia

Amongst all of the European countries, Estonia is the first European country to initiate the e-residency program. This program allows digital nomads to register an EU-based business.

Also, this year, Estonia launched a visa residency program that allows foreign digital nomads and freelancers to live in the country for a year.

Conditions to be Met

• You have to either own a location-independent business (i.e., freelancer) or work remotely for a foreign company outside Estonia.
• Plus, you have to have made a minimum sum of €3,504 for the last 6 months before the application for you to be eligible.

How to Get the Visa

• Firstly, you fill up their online application form.
• Get an appointment with any Estonian embassy around you to submit your form.
• Lastly, you will have to pay $80 if you wish for a short stay and $100 for a longer stay.

Germany

Germany’s “Freiberufler” is one of the best visas for digital nomads as it permits up to 3 years of stay.

To be Granted the visa

• The local tax office has to agree to your freelance job as being liberal. Afterwards, you can begin the conversation about eligibility.
• You have to agree to pay taxes to the German government.

Note, Germany has another visa as well; this visa, “Aufenthaltserlaubnis für selbständige Tätigkeit,” allows digital nomads and freelancers to work remotely and live in Germany from 6 months to 3 years.

How to Get your Visa

• You will have to submit German-approved health insurance.
• You will have to get a local address in Germany.
• You also have to submit veritable proof of being financially stable.
• Pay a sum of €100 as a Visa fee.
• Lastly, this one is a little tricky, but you would have to work with German-based clients. The government wants to see that you help their local economy.

Mexico

Mexico is one of the best countries for digital nomads out there and is heavily pervaded with them. Plus, it offers a temporary residency that allows digital nomads and freelancers to live and work in their country for one to three years in a row.

Conditions

• You own a location-independent enterprise/business or work remotely for a foreign country.
• You also need to have a minimum of $27,000 in your bank account or earn at least $2,000 monthly to qualify for the program.

How to get their visa

• Like other countries that allow digital nomadism, Mexico requires that you fill up their online application form.
• Plan an appointment with a Mexican consultant as you have to submit your documents in person.

Australia

Australia offers a visa program called “Australian Working Holiday Visa.” This visa allows you to live and work in the country for a year.

Furthermore, the visa program has an age limit. Only people between the ages of 16 and 35 can qualify. There is not much about this visa program. It is advisable to reach out to any Australian embassies in your area and make certain information about this visa program as some specific details are attached to the visa program.

Portugal

Portugal, unlike other countries, doesn’t only offer a temporary resident visa to digital nomads, but a resident permit. This type has the potential of being extended up to 5 years. Plus, the fascinating thing about this visa is that, after five years, you can apply for permanent residency.

What you will need

• You will have to tender proof of sustainable income.
• Get a travel and health insurance
• Allow the authorities to do a criminal background check
• Earn a minimum of €600 monthly.

Spain

Spain offers a visa for digital nomads who work remotely in a foreign country to live and work in Spain. Spain provides a self-employment visa. This visa allows freelancers and digital nomads from foreign countries and other EU countries to live in Spain for a year.

Requirements for the self-employment visa

• You have to pass the background check
• You have to tender proof that you have enough funds to sustain yourself.

Spain offers another type of visa. This visa is the “start-up law visa.” This program permits citizens from other countries to enter Spain to work, live, and make start-ups in the country for a year.

Lastly, Spain offers one more visa. This visa is called the Non-lucrative visa. All that this visa entails is that you are not allowed to work. The government seeks to admit foreign citizens that are retired and self-sufficient. The visa lasts for a year, but there is a possibility for an extension.

Montserrat

Montserrat offers digital nomads a new program called Montserrat Remote Work Stamp. This stamp allows digital nomads to live and work on this island for a year. Plus, if you are happy with your stay, you can request an extension.

To be qualified, you need to

• Pay a sum of $500
• Tender veritable proof that you work for a foreign company or own one.
• Get a health insurance
• Have a minimum of $70,000 as annual income.

What makes this visa program more fascinating is you just have to wait for seven days to get approved.

MAURITIUS

Mauritius is an island that just boarded the digital nomadism train. Eligible digital nomads can live and work on the island for a year and renew the visa when a year expires. Plus, for now, the application is free.

All the countries above have approved digital nomadism. However, some countries intend to support digital nomadism soon. The government has started, and you should be expecting these countries to open to digital nomads soon. The countries are:

• Cape Town
• Greece
• Indonesia
• Romania
• Thailand
• Sri Lanka

Countries That Open for Expats

More so, apart from countries open to digital nomads, there are also countries that are open to expats even in this covid 19 era as of July 2021. Here is a list of all the countries available to tourism and expats:

Africa Travel Update

• Egypt
• Mali
• Burkina Faso
• Mauritania
• Morocco
• Somalia
• South of Sudan
• Sudan

Asia Travel Update

• Mongolia
• Nepal
• Thailand
• Afghanistan
• Kyrgyzstan
• Pakistan
• Tajikistan
• Uzbekistan

Eastern Europe Travel

• Albania
• Armenia
• Belarus
• Bulgaria
• Bosnia
• Croatia
• Estonia
• Georgia
• Latvia
• Moldova
• Lithuania
• Poland
• Serbia
• Ukraine

Americas and the Caribbean

• Belize
• Brazil
• Canada
• Colombia
• Cuba
• Mexico
• United States —Only open from specific countries.

Conclusion

Many countries are open to expats, and by the end of the year, the governments of several countries will render their country available to expats. Nonetheless, for the ones that are opened as of July 2021, it is important that expats and digital nomads put the prevalence of Covid-19 in mind. Most countries would require proof of vaccination and a mandatory 48 – 72 hours quarantine period. So if you’re ready to take a trip, be prepared as regards Covid 19.

More so, it is important to do adequate research before selecting your country of choice. As outlined above, ensure that you fit all of the requirements as that’s the only way you can be thoroughly prepared and get the visa you want. 

Before introducing this article, if you are interested in our core services which are expat financial, insurance, and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

How is education in Singapore organized? The youngest education system in the world that brings up practical youth. They do their internships in Cambridge and receive free education funding from major investors in the world.

In elementary school, they don’t pay to renovate the classroom, don’t collect money for the cafeteria, but pay only $ 13 dollars a month for small expenses. Education in this country is free and schoolchildren keep pace with the global economy. And all of these great opportunities are in Singapore.

Singapore’s education system consists of primary, secondary, and higher education. There are no seasonal vacations, the study takes two semesters and is divided into several levels.

Primary school (6 – 12 years old)

Primary education in Singapore is free. Parents only pay $ 13 a month for school supplies. As for the educational process, there are three stages of cognition. First, a fundamental stage: for 4 years children learn English, their mother tongue (Chinese, Malay, or Tamil).

Necessarily mathematics for the development of logical thinking, plus everything in the school curriculum includes ethics, artwork, music, and physical education. The next two years are special training. What disciplines the child has more craving for – for those, the transfer exams to high school are formed. After passing the Primary School Leaving Examination (PSLE) exam, the student’s further path is paved.

Secondary school (12 – 17 years old)

Based on the results of exams, children enter secondary schools, where education takes place according to special courses. The student’s future depends on the primary school exams. The following courses exist:

• Special. Includes in-depth study of the native language, otherwise the training is similar to an express course.
• Standard. Here students are engaged in a thorough study of technical subjects, when in the academic direction they comprehend, for example, accounting. At the end of standard courses, it was decided to take an exam to obtain the N-level, but in 2004 the Ministry of Education of Singapore decided to provide an opportunity for some students to try to get the O-level, without a preliminary session at the N-level.
• Express. The term of study is 4 years and passing the exam for the right to receive the O-level, that is, ordinary (ordinary, mediocre).
• Normal academic. Differs from others in the term of study of 5 years.
• Pre-professional. This course does not imply the possibility of obtaining an Advanced-level certificate and participation in a special training integration program. At this level, students have the right to choose six to ten subjects with the subsequent passing of the Ordinary-level exam, but this list must include mathematics, in one natural and humanitarian subject, as well as languages ​​- native and English.

Higher education (17 years – above)

Universities attracting huge attention and the flow of foreign students began to form only at the beginning of the 20th century, many of them are considered very “young” by world standards. And thanks to its technical focus, it is still cutting edge.

Types of universities in Singapore:

• Polytechs teach the basics and skills of work. Cognition comes through practice. After graduation, students receive diplomas of several degrees.
• Technical university. Students learn the basics of applied sciences, business nuances, design creativity, media, electrical engineering and electronics, information and communication technologies, engineering and hospitality. You can study here at the stationary and in absentia, as well as carry out an internship.
• In independent universities, it is possible, after specialized courses, to obtain a corresponding diploma or academic degree. Nobody regulates or finances such structures, therefore those who wish should personally learn about the learning process.
• In national, state and private institutions, you can get bachelor’s and master’s degrees in all possible areas of knowledge.

International education in Singapore

Finding a new school is one of the most important decisions in the lives of many parents and students, especially when moving to Singapore. If you are considering going to an international school in Singapore, then you already know that there are many options.

International schools in Singapore are known for their high educational standards. But what is called an international school? It is a usual school, but with a difference –  providing international education in an international environment (this means students from different countries and cultures), also these schools adopt an international curriculum, like an International Baccalaureate program, or following a national curriculum such as an American or British curriculum that differs from that of the school’s country of residence.

This international focus helps these schools foster cultural exchange, instill new ways of thinking globally, and create an immersive environment for language skills development.

Singapore is one of the most expensive cities in the world, but also one of the best cities to live in, as it is ranked 125th in the ranking of the most expensive cities in the world “Quality of Life Index 2021”.

Singapore is an efficient and clean Asian city that retains the charm of British colonial times while offering an advanced, well-developed environment. Singapore has become one of the most important trade and financial centers in Asia and today is one of the five richest countries in the world in terms of GDP.

Singapore has a tropical climate with no sharp seasons. There is a high temperature here all year round, as well as high humidity and a large amount of rainfall. Temperatures typically range between 20 °C – 35 °C.

Singapore’s four official languages ​​are Malay, Mandarin, Tamil, and English. However, English is considered the main language in Singapore and is officially the main language of instruction in almost all school subjects. It is also the common language of administration and an important language for international business.

Singapore attracts a large number of expats and exceptional international schools exist to meet their demand. Singapore’s international schools tend to have a very international student population and you can find many different international curricula in the UK, USA, Canada, Switzerland, Australia, IBA, and others.

Parents need to be sure they are considering top-tier schools with valid and up-to-date accreditation from recognized international bodies.

Best International schools in Singapore

Singapore has a large number of international and private schools. It is not allowed to visit such educational institutions without obtaining special permission from the Ministry of Education.

International Schools or Foreign System Schools (FSSs). Here, in the learning process, programs from other countries are used. There are over 7 international schools in Singapore. ACS International, Hwa Chong International, and SJI International are recognized as the best international schools. They offer secondary and tertiary education programs, including a bachelor’s degree recognized by Ivy League universities.

Here is the list of some of the best and worthy international schools located in Singapore:

1. GESS International School
2. Saint Joseph’s Institution International
3. Chatsworth International School
4. Hwa Chong International School
5. Anglo-Chinese International School

Choosing the right school for your kid in Singapore

When deciding which school to send your child to, you should study the proposals of educational institutions, their curriculum, tuition fees, work experience and much more.

First of all, you should assess the needs, interests of the child and choose a school in Singapore in accordance with them. This may be the remoteness of an educational institution, art circles, etc.

In addition, you need to choose a school in accordance with the level of knowledge of English. For example, in public schools, all lessons are taught mainly in English. If you intend to send your child to a public educational institution, you should start preparing him for the test as part of the Admissions Exercise for International Students (AEIS).

Next, you need to pay attention to the curriculum. This is especially true if the child will soon go to college or university. Most often, parents choose a program that is as similar as possible to the program in their country, but the program of study in a Singapore school must be quite difficult for the student.

The curriculum for certified schools in Singapore aims to prepare children for admission to higher education. In addition, attention should be paid to the types of extracurricular activities. It is best to choose schools with a good athletic program that enable students to develop skills such as leadership, teamwork, or arts or music programs.

Then check out the level of professionalism of the teachers, as this factor is one of the fundamental factors in the quality of education and development of the child. To do this, you need to find out about the certification and the required degrees of education required in the chosen school from your teachers, whether employees are required to take advanced training courses.

The size of the class is also important. The smaller it is, the better. You also need to choose the right level of education in accordance with the age of the child.

The cost of the education in Singaporean international school is also an important factor. In public schools, fees are standardized by the Ministry of Education. International students are charged higher fees than Singaporeans.

For the year, primary school costs S $ 513, secondary school S $ 670, and college S $ 1,027. In private schools, the cost of education is much more expensive and can reach 35 thousand Singapore dollars, depending on the chosen institution of the child’s age and status (foreign student or resident in Singapore).

Let’s now quickly review all the above-mentioned international schools, so you could point out the ones that you think can be a good match for your kid.

1. GESS International School

GESS Singapore is an international non-profit school that believes in fostering confident, forward-thinking learners, celebrating our values ​​of respect, openness and diversity. GESS offers two main study programs: the English-speaking International Baccalaureate (IB) program and the German language program. The school caters for students of all ages from 2 years old to graduation at 18 years old.

Since 2005, GESS has expanded its appeal by offering both a curriculum in German and the popular IB program in English. As such, it is not only the only international school in Singapore to teach Konferenz der Kultusminister, but also a popular choice for families looking to follow the IBDP path.

The main subjects in the school include mathematics, German, English, social studies, science, arts, music and sports. However, these two areas of education are completely different, and each in its own way addresses families of different nationalities.

All students enroll in the same preschool program (18 months to 5 years), which is built on the IB Primary Years Program (PYP); instructions in English and German.

Students also have the opportunity to learn a third language – French or Latin – upon reaching high school; Spanish is offered from grade 10.

GESS is making a real effort to bring what can be a two-part school into one. Both the German and European streams go through the same academic year, wear the same uniforms, and are encouraged to study and specialize together in extracurricular activities, breaks, sports clubs, seasonal festivals and gatherings.

Tuition fees

Fees range from $ 18,880 to $ 23,870 in the German stream and from $ 26,950 to $ 35,310 in the European stream; As you would expect, the IB program fees are slightly higher.

• Saint Joseph’s Institution International

St. Joseph International Institute is a Catholic school with good results in IGCSE and IBDP. As one of seven Lasallian schools in Singapore, SJI also emphasizes pastoral care and “respect for the individual”.

The SJI Nonprofit International High School opened its doors in 2007 and was followed in 2008 by the SJI International Primary School; two schools share one campus. In 10 years, the school passed a very long way and upgraded through years. Primary school has about 650 students who follow the Singaporean Mathematics Curriculum and the International Primary Curriculum (IPC); The high school has over 1000 students, students working on their IGCSE and IBDP exams.

A local international school like SJI International attracts expatriate students for many reasons: they are easier to find than at a local school; training combines MOE and international curricula such as the IB and A Levels program; tuition fees are lower than in many international schools; and academic standards are high.

SJI International school provides a mixed curriculum which runs on IBDP and aims on a wide variety of nationalities represented at the school.

In high school (grades 7-12), students work on IGCSE and IBDP courses and study subjects such as math, English, science, geography, physical education, design technology, music, drama, arts, ICT, wellness, and RE. The high school language program includes a choice of Chinese, Korean, Spanish, Hindi and Tamil.

Sports and music are considered “an integral part of life” at SJI International and the school has invested in the development of a sports facility to support this. The school’s music program includes an optional instrumental curriculum that offers piano, violin, flute, clarinet, saxophone, guitar, trumpet, voice and percussion lessons throughout the school day.

Tuition fees

These rang from $ 28,250 in primary school to $ 32,986 in grade 12. Scholarships are also available in the school, both for local and international students.

• Hwa Chong International School

Hwa Chong International School (HCIS) is one of three local international schools in Singapore (the other two are Anglo-Chinese (International) School and SJI International School). These three local international schools are run by the Ministry of Education, but they are privately funded and have the power to set their own curriculum and tuition fees. Although at least half of the students must be Singaporean, these schools tend to have a large number of students from different countries.

A local international school like HCIS attracts expatriate students for many reasons: they are easier to find than at a local school; training combines MOE and international curricula such as the IB and A Levels program; tuition fees are lower than in many international schools; and academic standards are high.

HCIS is the highest performing school with impressive IGCSE and IBDP scores. Part of the Hwa Chong family of schools, this Singaporean outpost is renowned for its teaching of the Chinese language and a long list of academic awards. Teaching goes beyond the classroom with a wide variety of extracurricular activities, community service, outdoor adventures, and excursions.

HCIS is a high performing school with impressive IGCSE and IBDP results. Hwa Chong has over 800 students from grades 7 to 12. At a local international school, at least half of the students must be Singaporean; the rest of the students include international students from over 20 countries.

The school plans to expand with a new four-story study wing, which will include a performing arts center and a student activity center.

Tuition fees

Admission is based on the school’s own entrance examination (and not on the Ministry of Education’s AEIS). Tuition fees range from $ 24,610 to $ 28,890, which is an average in terms of tuition fees in other countries and significantly cheaper than other high-performing international schools.

• Anglo-Chinese International School

Anglo-Chinese School is one of three local international schools in Singapore. This local international school is run by the Ministry of Education, but they are privately funded and have the power to set their own curriculum and tuition fees. Although at least half of the students must be Singaporean, these schools tend to have a large number of students from different countries.

A local international school such as ACS International attracts expatriate students for many reasons: they are easier to find than at a local school; training combines MOE and international curricula such as the IB and A-Levels program; tuition fees are lower than in many international schools; academic standards are high.

Today ACS (International) is part of a family of six Methodist schools in Singapore and has carved a niche for itself as an international educational institution for year 1-6 students.

The academic year runs from January to December and consists of two semesters per year. In the first two years of study at ACS (International), students take IGCSE preparatory courses in subjects ranging from English, mathematics, and science to physical education, life skills, history, geography, art, music, and languages. After passing the international GCSE exams, students transfer to the International Baccalaureate Diploma Program (IBDP), which is studied instead of the A-Level and similar programs. The school day is divided into five one-hour periods, with a choice of CCA after school.

Tuition fees

Tuition fees range from $ 24,206 to $ 29,606, which is average in terms of tuition fees in other countries and significantly cheaper than other high-performing international schools.

• Chatsworth International School

Chatsworth is an internationally oriented mid-size school with students from approximately 50 nationalities from kindergarten to grade 13 (grade 12). Created in 1995, Chatsworth’s mission to inspire, teach and educate forms the backbone of the philosophy of education.

As a worldwide IB school with three programs, we offer students the International Baccalaureate (IB) PYP, MYP, and DP study programs. The IB student profile is built into everything we do at Chatsworth, and the entire school community is encouraged to recognize and support these attributes.

A no-selection school, Chatsworth focuses on the holistic development of each individual student and prepares students to either enter universities around the world or transfer to international and national schools as their families move from Singapore. Highly skilled teachers come here from different countries and offer a real international education.

Their learning technologies are progressive and based on learning from the 21st century: they are the Apple and Google school with a 1: 1 laptop program from grade 4 and up.

Tuition fees

Fees range from $ 23,819 in kilograms to $ 32,788 in Year 13. There is a very attractive discount for siblings; families with two children studying at the same time at Chatsworth receive a 25% discount. Full scholarships are available for the two-year IBDP, with Chatsworth covering 100% of the fees; that’s about $ 72,000 in savings.