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The cost of an international move is always one that can’t be determined honestly without certain facts gathered. Fortunately, the cost of your move is much less expensive when you hire professional movers for help. They already own the right tools, equipment, haulers and materials to conduct the move safely which takes a big load of stress and money off your shoulders. They’ll make the process of moving from the United States to Finland a lot easier on everyone involved. Make sure you have the money set aside that you’ll need for moving services, import taxes and fees, housing and living expenses, and for anything else that might come up once you arrive in the nation.
The Cost of Moving Services and Transport
It can easily cost several thousands of dollars to move to another nation from the U.S. Take the time to compare different moving companies with international experience and a great reputation before deciding to hire just anyone for the job. Go through the movers’ websites and check out their credentials before getting a quote from them. Once you have information and quotes gathered for several movers, compare all the info and choose whom you’d like to have help you with your overseas relocation.
There are certain things that help determine the cost of your overseas moving services. All movers set different rates but usually base their rates of the same criteria. The distance between both locations, current fuel costs, the services you choose to buy, and the weight of your belongings to ship, will all decipher what you’re expected to pay. Most moving companies prefer to evaluate your current home before handing you an estimate for services. This assessment will give them an idea of how many things you have to pack and ship and what size truck or trucks they will need to complete the transport.
You can cut the costs of moving by choosing ground and ship transport options. You may also want to consider keeping many of your belongings behind in the states or selling them in a garage sale to reduce the weight that needs transported while still earning some extra cash on top of it. Packing your own stuff might take up a lot of your time and efforts but it will also help you to save. By using materials like linens, clothes and newspapers to fill voids in boxes, you’re decreasing the amount of packaging materials you’ll need to buy.
Import Taxes and Permit Fees
Aside from paying for moving services to get your goods into Finland, you’ll need to gain import approval through Customs. To earn this certificate of approval, you’ll need to pay all import taxes and tariffs in full. All nations have the habit of changing their import tax percentages so contact the Embassy of Finland to make sure you’re updated with the current tax rates. Below, are the average percentages for the taxes you’re responsible for paying.
- Customs Duty- 12%
- VAT- 24%
Other taxes may also apply depending on the items brought into Finland’s borders from the U.S. Not only are these taxes your responsibility, but you’ll also have to pay fees associated with visa and permit applications. Typically Finland’s visas range from $40 to $70 in U.S. dollars and anywhere from $255 to $605 in U.S. dollars for residency permits ranging from children and temporary stay permits to permanent residency for adults and family. Citizenship permits cost less than residency permits, maxing out at around $290 for applications sent in by paper.
Have Money Set Aside for Your Arrival in Finland
The cost of living in Finland is cheaper than that of America. Nevertheless, you’ll need to think about housing, food, utilities, entertainment, public transit (if not shipping a vehicle), and other expenses once you arrive. The amount of money you save to bring with you is at your own discretion but some expats have come over with as much as $20,000. If you would like to live comfortably for a few months while finding a job and getting acquainted, save at least $10,000. This should cover all of your monthly living expenses for several months. With a better understanding of Finland’s currency system, you should have no problem figuring out your finances.