Expats News at Expats Blog

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29 Oct at 6 PM

US Justice Department cracks down on Swiss banking privacy

Swiss banks are being hounded by the US Justice Department to reveal all details of USA citizens’ secret accounts. Prosecutions as well as FATCA are being used to force traditionally private Swiss banks to give up the full details of money in accounts held by expats attempting to avoid paying tax in their home country. Switzerland was...
29 Oct at 6 PM

Confusion hits expat female dependents in Saudi over teaching jobs

The reversal of an official Saudi announcement allowing dependent expat female teachers to work in private schools without sponsorship transfers has confused and disappointed those affected. Expat dependents whose husbands held their sponsorship papers were overjoyed last Friday at the apparent relaxation of the requirement to transfer...
28 Oct at 6 PM

Is investing in the Chinese property market the way to go

China’s increasing popularity for an overseas career move gives rise to the question of investing in its property market for expats fortunate enough to have secured long-term employment Rumours that real estate in China is heading for a US-style meltdown are giving would-be expat property investors cause for concern but, as with almost...
28 Oct at 6 PM

US expat woes increase thanks to FATCA

A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements. The complications of endless form-filling, the threat of being barred from opening local bank accounts and...
27 Oct at 6 PM

Experts warn life expectancy is useless in financial planning

According to financial experts, estimates of life expectancy are of no use in cashflow modelling as the calculations might result in the loss of all capital before retirement. In an address given at the annual conference of the Institute of Financial Planning, Steve Groves warned his audience that statistics on life expectancy proved that...
27 Oct at 6 PM

Survey shows Asian hubs offer more bang for the expat buck

The recently-published annual HSBC Expat survey has revealed that Asian locations offer the most affordable costs of living due to their cheaper accommodation, utility charges and groceries. The well-regarded survey, based on expats’ ability to afford essential services and goods as well as on average disposable incomes, saw Switzerland...
24 Oct at 6 PM

How to avoid the fees and frustrations of conventional currency exchange

One of the most trying aspects of living overseas is currency transfer between your home country or offshore bank account and your account in your host country. Whether you’re retiring overseas, working for a company which pays salaries from the UK, freelancing, or just touring around the places you’ve always wanted to see before you...
24 Oct at 6 PM

Foreign Office urges research before choosing an overseas retirement destination

The UK’s Foreign and Commonwealth Office (FCO) is urging retirees heading for life overseas to look carefully and plan ahead before they leap. Millions of UK nationals are now aiming to relocate or retire abroad, with the tempting prospect of warmer weather and a better lifestyle the main reason for the decision. However, it seems that...
23 Oct at 6 PM

Expats in New Zealand falling foul of cold calling and overseas investment scams

Following on from reports of vastly increased numbers of financial scams in Europe, the Gulf States and Asia, today’s warning to citizens and expats by the Kiwi Financial Markets Authority (FMA) comes as no big surprise. Expats across the world are now being ripped off via an unprecedented number of financial fraudsters lurking in expat...
23 Oct at 6 PM

UAE recognition of overseas medical degrees results in more health professionals

The UAE’s new unified professional qualification requirement scheme came into force earlier this month, and has resulted in a larger pool of qualified medical professionals in Emirati hospitals. The new requirements now recognise international medical degrees from a number of countries worldwide, and are attracting experienced expat...
22 Oct at 6 PM

Survey results shock reveals pension fraudsters targeting retirement savers

The results of a recent survey prove that increasing numbers of pension liberation crooks are operating onshore and offshore, defrauding retirees confused about the new pension rules. The research, undertaken by financial firm Fidelity, revealed that 66 per cent of retirement savers are still uncertain about their rights under the new...
22 Oct at 6 PM

Mega rich give fortunes to support young entrepreneurs and the underprivileged

A recent study has revealed that wealthy philanthropists nowadays are focusing on helping new self-sustaining projects, job creation and the poverty-stricken. Around 13 per cent of the world’s wealth is held by just 0.003 of its population – the mega-rich millionaires and billionaires who monstly made their fortunes in the heady second...
21 Oct at 6 PM

Expats turn their backs on international medical insurance due to soaring costs

A recent survey revealed that 25 per cent of UK expats no longer believe that costly international medical insurance is a necessity. Factoring in the ever-increasing expense of international health insurance is a headache for all but the wealthiest of expats, wherever in the world they’ve decided to make their new homes. Overseas private...
21 Oct at 6 PM

UK Foreign Office warns expats over increasing terrorist threats

As conflicts erupt in European as well as the Middle East and Asia, the UK Foreign Office has stepped up its travel warnings to both tourists and expats. France is the number one target for the latest British authority warnings to UK residents as well as visitors to the popular tourism and expat hub. A triple warning has been issued, with...
20 Oct at 6 PM

Continuing FATCA chaos impacts long term US expats in Canada

Problems with retaining bank accounts and complying with complicated regulations are hitting hard on all US expats, but those who emigrated to Canada many years ago are experiencing the worst effects. Last February, the Canadian government finally signed on to co-operation with FATCA ruling as regards the disclosure of privately held...
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Here are the latest 5 reader comments:
  • "The law has been passed this week and Spain offers arguably the most attractive "Golden Visa" option in Europe. We should not expect this to move the market in Spain. We are talking about investment over €500,000, the luxury end. And nationwide we would expect no more than a few hundred transactions in the first year. But it is a positive..." left by La Vida Spain on New Spanish property investment visa draws Chinese and Russians
  • "After reading about the expats survey in our local freebie paper and deciding to take part, logging on to this left me quite bamboozled as to where the survey is, there seems to be no sign of it. I suggest if a survey is being conducted under whatever guise a list of questions be published for expats to answer. Otherwise this survey is..." left by Brian Milnes on Massive new independent expat survey now live online
  • "The article is quite clear and as usual in this country ( spain) because I live in a remote area I only find things out accidently or by being surprised and fined. I don't understand how the European parliament does not act against this type of 'robo'. It is so frustrating to see a corrupt and authoritarian Spanish government get away with..." left by john porro on Spain to apply stealth tax to residents with solar power
  • "Absolutely right - already we have been receiving requests from cliets based in Italy to look at how they can 'avoid' the new regime. The Italian government is shooting itself in the foot on this one - people will relocate!" left by TaxTeddy on Changes to Italian tax regime to hit hard on expats
  • "Although there are a large number of British curriculum school in Dubai it's not easy to get into one. The waiting lists are long to start with, sometimes artificially long. People move away and don't remove their name from lists, and fearing the long lists parents put their children's names down on several lists. It's also an expensive..." left by Expat Explorers on British curriculum international schools popular in UAE and Asia