Where should I setup a bank account in Potsdam?

"Expats considering retirement in Potsdam, should be aware that they will need a residence permit if they are not from an EU country. They should also know that the cost of living in Potsdam is relatively high compared to other German cities, but it is still lower than in many other Western European cities. Healthcare in Germany is of a high standard, but expats should ensure they have adequate health insurance coverage. It's important to note that Germany has a mandatory health insurance policy, so expats will need to either get coverage through a German provider or prove that their foreign health insurance is equivalent. Expats should also be aware that while many Germans speak English, especially in larger cities, it is beneficial to learn German to help with day-to-day life and integration into the community. Potsdam is known for its rich history and beautiful architecture, including Sanssouci Palace, and is located near Berlin, providing easy access to the amenities of a major city. Germany has a high tax rate, so expats should be prepared for this and may want to consult with a tax professional to understand the implications. The public transportation system in Potsdam is efficient and reliable, and it is well-connected to other parts of Germany and Europe, making travel easy. Germany has a temperate seasonal climate, so expats from warmer countries might need some time to adjust to the colder winter months. Finally, it's important to understand that Germany has strict rules and regulations, and Germans are generally very respectful of these, so expats should be prepared to follow them closely," explained one expat living in Potsdam, Germany.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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