Foreign Perspectives

Archive for the ‘Immigration’ Category

Whilst we all love our vacation time, we all assume that places that thrive on tourist business will be open during the holidays.

That’s not always the case in France where many attractions are closed today because it’s Labour Day (May 1st). Although many people will be eating out today, a number of restaurants choose this time of year to close thus losing considerable business of course.

Even when they’re not on holiday many restaurants stick to the 12 to 2pm lunchtime and we know of one local touristy village which gets tour buses every day from 9am to 7pm yet the restaurant only serves food from 12 to 1.30pm.

It’s obviously impossible to name a single bank which you can choose simply because no single bank operates in every country of the world.

There are some general pointers as to how to go about choosing your bank though.

One school of thought is that you should choose the local bank with the most branches in the area which you’re moving to. That’s a reasonable approach in that for most countries there’s a charge to use ATMs that aren’t owned by your own bank so it may save you on ATM withdrawal fees. However, be wary of local banks that don’t operate internationally on a widespread basis or that don’t attract many foreign customers as you can come unstuck very easily through not having local banking practices explained to you. This even applies in many cases where banks operate English speaking branches: they might well speak English but often banking terms don’t translate well.

The other school of thought is that you should choose a bank based in your own country but with branches in your new country. This can work well in that the banking staff should be more familiar with the banking practices that you’re used to and sometimes offer good deals on money transfers to/from your home country. So, for example, if you’re American then the best choice is usually Citibank as that operates as a local bank in many countries yet retains an American feel in every location in which it operates and offers good deals on transfers between Citibank accounts in other countries. However, if you’re British, you might think that HSBC would be the way to go yet because it bills itself as “the world’s local bank” it tends to follow local banking practices more than British ones although it does offer transfers to your HSBC accounts in other countries.

Don’t forget that you don’t need to choose a single bank. One combination that works very well is a local bank with low charges and lots of branches combined with an international bank to handle your global transfers.

You’d think that that these days banking practices around Europe would be fairly standard. After all, the banks handle international business every day so they’re in constant contact with their counterparts in other countries.

Of course, it’s one of many areas where European business practices are far from standard.

Take the UK and France for example. Two countries with a very long history of interaction so you’d think that many things would be similar except that they aren’t.

In the UK, credit cards are commonplace and it’s normal, expected even, for people to have several of them. In France, credit cards are a relatively new phenonmen and remain very rare.

In the UK, almost everyone has an overdraft and the banks prefer you to be permanently overdrawn as they collect more fees that way. In France, they’ll close your account if you’re overdrawn more than a couple of months.

In the UK, debit cards don’t have any purchase limit on them. In France, you can’t buy more than 3000‚€ a month usually, which is why you often see people resorting to cheques towards the end of the month.

In the UK, nobody will accept a cheque without a cheque card (a card issued by their bank and guaranteeing the cheque will be paid). In France, almost everyone until recently accepted cheques because if you bounced a cheque you could be banned from having a cheque account at all. That actually worked well until very recently when the economic situation seems to have caused something of a run on dud cheques so the effect is that more and more businesses don’t accept cheques which is sure to cause trouble soon so long as that debit card spending limit remains.

Any one of those differences can easily fell you if you don’t know about it in advance.

Whilst moving from one European country to another is as easy, at least legally, as moving from one American state to another, it’s a whole different matter when you want to emmigrate to a completely different jurisdiction.

Aside from all the normal differences in taxes, social security and health systems that moving countries always entails, you add the complication of needing to apply for a visa, residence and work permits which adds considerably to the time that it requires to make the move as well as increasing uncertainty somewhat.

For example, take the relatively simple case of a British citizen wanting to move to Canada.

Canada is, of course, in the British Commonwealth so, in theory, that should make the move easier. However, even if you have a pretty much perfect points score for the move, it currently takes around four years from initial application through to the point where you have your Canadian visa and can actually move.

That’s a very long time and a great deal can change during it. For example, four years ago I had one son and now I have two. The second one would obviously need to be added to the visa application for a start and there’s the complication that he has even more nationalities than the first little guy.

Such a long lead time seriously complicates matters in other areas. For one thing, you’ll be working in your existing job and not know in advance how long. You may be wanting to move house too over that kind of time. It’s even possible that the visa categories which you’re eligible for could change too if, for example, you had an inheritance you might find that you could apply under one of the investment categories or perhaps you added a qualification (eg I picked up a university French diploma within the last four years which adds significant points to my Canadian application) or skills. The list is endless.

In fact, over that time period your life could change radically so you need to be really set on moving to a particular country if you’re talking of application periods running into years. Yes, of course, you should be that determined but over such a long period many things can crop up to change your mind even if you originally were really set on making that particular move.

And, remember, that’s just for a relatively simple move!

As it’s the third Monday in January today, it’s Martin Luther Day.

Well, more or less, as America is, as we all know, a country that’s built from a whole bunch of separate countries (ie states) and therefore it doesn’t have a standard name in all 50 states and indeed wasn’t a holiday in them all until 2000.

Although it doesn’t really mean anything outside America, it does have a knock-on effect worldwide in that various Internet outfits close down since they’re based in America. In fact, we didn’t even know that it was a holiday ’til we started wondering why there were so few sponsored posts available today.

Not that we’re complaining as it would appear a lot of folk doing sponsored posts have also taken the day off so we’ve picked up several juicy ones whilst they’ve been away.