Every expat looking to work in Germany is assigned a Tax Identification Number or IdNr, also known as Steuer-ID or Steuer-IdNr. It is important for paying taxes and receiving government benefits and health care.
Moving to a country like Germany can be exciting! Finding the perfect house in an idyllic location and with affordable rent is of utmost importance. But before you sign the lease and move in, there is quite a lot that you need to know about, and that includes the rental deposit guarantee!
So, you’ve finally arrived, and after laborious house hunting, you’ve found the right apartment to start your new life in Germany. Now, it’s time to set up home utilities like electricity and gas connection, water supply, internet, etc.
With immediate lockdowns forcing people to stay indoors, companies realised the immediate cost benefits of remote work. This new normal has made them think of moving to a fully remote work method. This has allowed employees to be a digital nomad who can work from the destination of their choice.
Located in the heart of Europe, Germany is one of the most sought-after EU-destinations for expats and exchange students. As an Erasmus student, life in Germany can be an exciting adventure and can pave the way for excellent future possibilities
Frankfurt is the fifth-largest city in Germany. It is rated as an ‘alpha world city’ according to the Globalization and World Cities Research Network. Frankfurt is a global hub for commerce, education, culture, tourism, and transportation. The city is also one of the major financial centers of the European continent. Moving to Frankfurt is advantageous for both expat students and workers.
The Bavarian capital, Munich, is world-famous for the Oktoberfest, a beer celebration attended by over 6 million people every year. Besides being a tourist attraction, the city is also a center growing in appeal for its art culture, technology, and business opportunities.
Moving to a new country as an expat can be exciting and terrifying in equal measures. Although you’re leaving behind your life and the security that comes with living in a familiar place, settling abroad can be the beginning of a completely new, exhilarating adventure. Some needs, such as opening a new bank account, often turns out to be one of the big challenges.
Managing your finances wisely while you move around the world comes with a lot of responsibilities and issues.
As an expatriate, your financial position is often complicated, and you will have to make multiple financial decisions in terms of which bank to open an account with, whether to become a non-resident for tax purposes, where to move your investment account, how to access insurance for best healthcare facilities and more.
Are you considering moving to Berlin? It just might be an excellent decision! With its reputation as a young, fun city, Berlin is a magnet for creative artists and young professionals looking for better opportunities. At the same time, Berlin strikes the fine balance of modernity with history and tradition.