Expat Caribbean News

Latest 10 news items tagged Caribbean

11 May at 6 PM 2018

Pension transfer fraudster with 800 victims convicted for second time

A previously convicted pension fraudster has been rearrested and sentenced again for running a pension transfer scam. Simon Colfer,had been convicted and jailed for theft, forgery, fraud and obtaining money by deception at an earlier date, but after his release in 2010 he fronted Fortitude Trading under the false name Simon Davies in order to cover up his past history. His previous conviction had resulted in his being declared bankrupt and subject under the Proceeds of Crime Act to a £1.7 million confiscation order. However, the...
20 Apr at 6 PM 2018

Fight for soft Brexit or no Brexit hots up via House of Lords defeat

The fight for a soft Brexit or even a withdrawal from Brexit is hotting up as campaign groups in support of UK expats in Europe and even the British government’s House of Lords are coming out in favour of defeating Theresa May’s vision for the country. Earlier this week, the British parliament’s Upper House inflicted an embarrassing defeat on May in the matter of the PM’s determination to include leaving the European Customs Union and its single market as part of her vision for Brexit. Her stance had already caused splits in...
6 Mar at 6 PM 2018

Second passport schemes now popular with high net worth UAE nationals

As obtaining residency in first-world countries is getting harder, second citizenship programmes are coming to the fore in the Arab States. High-net worth UAE residents are increasingly turning to second passport applications as being granted long-stay visas in Western countries gets even tougher. Citizenship programmes are now being seen as the only way to enjoy visa-free travel in order to expand business opportunities as well as moving finances without investigation. As always, Chinese nationals are first in the queue, followed by...
1 Mar at 6 PM 2018

High net worth Brits quitting the UK for offshore tax havens

The threat of increased taxation and even more changes in laws governing the non-domicile status is persuading mega-wealthy British residents it’s time to go. Leading private wealth advisory firms are seeing an increasing number of high net worth individuals abandoning the UK for tax-friendlier destinations overseas. A January survey conducted by New World Wealth revealed a net outflow in 2017 of 4,000 ultra-rich UK-based millionaires, and a recent Guernsey event organised to attract high net worth individuals to the island resulted...
7 Feb at 6 PM 2018

Immigrant born students in Canada gain more degrees than local students

Newly released data shows immigrants in Canada have high aspirations for their children’s academic success. Recently released statistical data has shown immigrants have been a strong force behind Canada’s status as one of the world’s most educated countries. It seems the vast majority of new arrivals have a degree or its equivalent in order to comply with strict immigration requirements, but immigrant-born students are far more likely to gain university education than Canadian-born young people. An access for information...
26 Jan at 6 PM 2018

UAE now expat hub for thousands of millionaires

Due to the arrival as expats of a huge number of millionaires, the UAE is now amongst the top residential destinations for the super-rich. As of last year, the United Arab Emirates was placed in the top ten world countries with the largest number of millionaire residents. High net worth individuals flocked to the emirates, buying up luxury homes and living the famous Gulf State lifestyles. An estimated 5,000 of the planet’s mega-rich holding at least a million dollars migrated to the UAE, the third-highest total amongst the countries...
27 Nov at 6 PM 2017

Brit owner of bar hit by Irma is determined to rebuild

A British expat and his family living and working on St Martin when Hurricane Irma struck are determined to rebuild their popular Honky-Tonk Bar. Born in the Lancashire town of Bury, Simon Healey swapped the rainy northern town for the sunny Caribbean island when he was just 23 years old. Some 14 years later, he’d married, had children and was the proprietor of one of the island’s most popular bars. His expat dream was shattered when Hurricane Irma made landfall on the island, flattening thousands of homes, destroying the...
16 Oct at 6 PM 2017

Expats left with nothing after upscale Pattaya condo project goes bust

Over a hundred expat and Thai investors are still waiting for their money after the luxury Centara Grand Residence project was declared bankrupt. Basil Development Co’s advertorial for the high-rise condo development ensnared over 100 buyers by focusing on upscale living, resulting in all of them buying off-plan. Several months ago, all building work was stopped as the construction company’s massive debts emerged, with reports of over 911 million baht owing to suppliers. Court orders on behalf of the purchasers were issued, but...
25 Sep at 6 PM 2017

Expats advised to research natural disasters when choosing retirement destinations

Following the devastation caused to popular Caribbean retirement destinations, expats are being advised to research natural disasters in their preferred region. Near-retirees who’d almost decided on a relaxing life on a beautiful Caribbean island are being forced to reconsider after two mega-hurricanes struck the region. Hurricanes Irma and Maria haven’t just wrecked the lives and businesses of an untold number of residents, they’ve also killed the dreams of an equally untold number of would-be expat retirees. It wasn’t...
14 Sep at 6 PM 2017

Stranded British expat on BVI reports anarchy and violence

A British marine engineer stranded in the British Virgin Islands is telling the situation as it is, stressing no-one is on the streets without a weapon. Leo Whitting’s partner Claudia Knight left the couple’s family home in Tortola for the UK before the hurricane struck, mostly to ensure their two-year old daughter’s safety. After seeing the appalling photos of the region and hearing about the storm’s awesome power, she was convinced Leo was dead, and was vastly relieved when he managed to contact her briefly by phone. He told...