Immigration
This document, provided by a foreign national's home country, certifies their identity and nationality.
What is a passport?
This form, used in the U.S., reports an employee's annual wages and the amount of taxes withheld from their paycheck.
What is a W-2 form?
This term refers to the combination of monetary and non-monetary benefits designed to help employees relocate smoothly.
What is a relocation package?
This type of mortgage has a fixed interest rate and monthly payments that remain constant over the life of the loan.
What is a fixed-rate mortgage?
This U.S. state boasts the most expensive real estate market, with home prices significantly higher than the national average.
What is California?
This monthly publication by the U.S. Department of State provides updated waiting lists for immigrants subject to the quota system, indicating when applicants can submit their green card applications.
What is the Visa Bulletin?
This U.S. tax form allows expatriates to claim a credit for taxes paid to a foreign government, helping to minimize double taxation.
What is Form 1116 (Foreign Tax Credit)?
This term refers to the additional money given to employees to account for the higher cost of living in a new location.
What is a cost-of-living allowance?
This analysis helps determine the impact of relocation on an employee's housing costs, including mortgage payments, property taxes, and insurance.
What is a housing cost analysis?
This landmark settlement, announced in 2023, is set to bring significant reforms to the American real estate market, potentially lowering homebuyers' costs.
What is the National Association of Realtors (NAR) settlement?
This program allows citizens of certain countries to enter the U.S. for business or tourism without a visa for up to 90 days.
What is the Visa Waiver Program (VWP)?
This type of agreement aims to prevent double social security taxation for employees working abroad by coordinating social security coverage between two countries.
What is a totalization agreement?
This professional helps employees and their families settle into a new city by offering local insights and resources.
What is a destination services provider (DSP)?
This arrangement allows employers to cover the difference in mortgage interest rates when an employee relocates to a higher-cost housing market.
What is a Mortgage Interest Differential Allowance (MIDA)?
This benefit assists employees in covering the costs of selling their home in their current location and purchasing a new one.
What is home sale and purchase assistance?
This international agreement allows citizens of European Union countries to work in any member country without needing additional permits.
What is the Schengen Agreement?
This policy involves adjusting an employee's compensation to account for differences in tax liabilities between the home and host countries.
What is tax equalization policy?
This term describes the payment given to employees to cover miscellaneous expenses related to their relocation.
What is a relocation allowance or lump sum payment?
This type of loan helps expatriates and relocating employees bridge the financial gap when purchasing a new home before selling their current one.
What is a bridge loan or relocation loan?
This U.S. state saw the highest number of inbound moves in 2023, making it the most popular destination for people relocating.
What is Texas?
This system, used by countries like Canada and Australia, allocates points to potential immigrants based on factors such as age, education, work experience, and language proficiency.
What is the points-based immigration system?
This term refers to the strategic planning of expatriate compensation to minimize the tax burden for both the employee and employer.
What is tax-efficient compensation planning?
This financial benefit covers the expenses of selling a home in the current location and purchasing one in the new location.
What is home sale and purchase assistance?
This type of loan product has an initial interest rate fixed for a period of time. After that, the interest rate applied on the outstanding balance resets periodically, at yearly or even monthly intervals.
What is an adjustable-rate mortgage (ARM)?
This city has been ranked as the most expensive in the world to buy a home in 2024, due to limited land availability and high demand.
What is Hong Kong?