Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Hello
If you have moved country, and the subscription was initially signed up in a different country from where you live now, then you have to wait for this subscription to expire first. Make sure you have auto-renewal turned off.
As soon as it expires, you should be able to update your profile's country to reflect where you live now. And then you can use a credit card/payment method from the current country and sign up for the same plan.
As long as you use the same Microsoft account, you will not experience data loss.
See Microsoft's support document here: https://support.microsoft.com/en-us/accounts-billing/change-your-country-or-region-in-microsoft-store