Take your skills abroad in retirement as a location-independent freelancer
Are you nearing the end of your working career? Or have you already retired and are looking to dive into something new?
Provided the access to resources and communications technologies, it’s not uncommon for people to ditch the 9-to-5 and take their skills to the freelance market. Especially if you’ve worked for someone else for most of your career, why not consider becoming your own boss, and why not do that in some of the best places in the world?
We’ve broken down four key considerations when becoming a location independent freelancer to get you started on your next challenge.
1. Organise your financial and legal information
This first step is important, you’d be surprised how many minute details go overlooked when you take the leap and move abroad. Collate your important documents like your passport, original versions and copies of your birth certificate, drivers’ licence, work and resident permits, immunisation records, medical history and pertinent contracts or agreements. Don’t forget other belongings like your bank cards, emergency contact information and any other medications you may need.
2. Get the right visa
Visa requirements vary from country to country and it’s best to make sure you have a visa that allows you to work while you’re abroad. Many places still require proof of employment for a work visa, but there are more places around the world like France or Germany that offer more specialised freelance visas. Some places like the UK also forbid people from working on a tourist visa, so it’s best to check what visas you’re eligible for through the appropriate embassy website.
3. Know what skills you can offer, but also be realistic about what jobs are in demand
For those who have worked with industry for some time, it’s likely that you have a better understanding of what skills you can offer, and how to sell them. This is a great time to leverage your personal brand and networks to branch out and establish your portfolio overseas. While you might be a creative whiz, the work might not be so readily available depending on the location. Doing some research into the employment market overseas and what kind of jobs are available will also be helpful in the long run.
4. Plan for how you’ll bring your earnings home
If you have a bank account back home, and are planning to open an account abroad, you may be considering transferring your earnings between the two accounts using a bank. It’s a good idea to do some homework into how you can save money transferring money overseas with a foreign exchange specialist like OFX instead. With lower exchange rates and tools to manage market risk, you can have some peace of mind in ensuring you’re earning enough to support your exciting new endeavours.
Whatever reason you might be considering a stint abroad as a location independent freelancer, there’s plenty of ways to make this happen. In today’s global world, you’re no longer restricted to your desk job, it’s time to make the change!
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The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
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