Expat Caribbean News
Latest 10 news items tagged Caribbean
25 Oct at 6 PM 2013
Following the suspension of the Brandeaux range of property funds in late July and October’s news that the Mansion Student Accommodation fund is also suspended, expats with investments in the sector are bracing for the worst.
Questions are now being asked as to whether the property sector is an appropriate investment, especially for expat retirees. Earlier this year, Harlequin Properties, which marketed its off-plan Caribbean
luxury villas as SIPPS investments, called in the administrators and, more recently, the Australia-based LM...
30 Aug at 6 PM 2013
Newly-arrived British expats can be caught out by obscure local laws resulting in arrests and fines if they don’t check the cultural norms of their chosen country before they arrive.
Some of the strangest laws only rear their heads when expats are found breaking them by overzealous local police. For example, a Spanish couple who owned a pub set up a charity bingo night and found themselves, along with all their customers, being bussed down to the local police station to be fined.
Muslim countries present the biggest problems for...
22 Jul at 6 PM 2013
country of Belize is attracting increasing numbers of expats with its combination of a retirement incentive programme and the fact that English is widely spoken.
Just a few years ago, the Belize expat population was numbered in dozens. Nowadays, there’s an expanding, vibrant community of residents from mainland Europe, the USA and the UK, all attracted by the country’s recently unveiled Retired Persons Incentive Programme.
Location and lifestyle are other attractions, with the country’s coastline backing the...
19 Jul at 6 PM 2013
Recently released figures from the Foreign and Commonwealth Office indicate that the number of Brits abroad asking for help from British consulates is on the decrease.
The FCO’s yearly British Behaviour Abroad report revealed that consular staff was called to assist over 19,000 UK citizens in far-flung destinations over the 2012/2013 period. The figures show an overall decrease of three per cent, but some countries saw increases in more serious cases.
The good news is that the number of Brits arrested for drug crime dropped to a...
14 May at 6 PM 2013
Data culled from the newly released 2011 National Household Survey points to major changes in Canadian society as a result of mass immigration.
The national survey revealed that modern-day Canada holds 200 separate ethnicities and 100 diverse religions, and one in every five residents is foreign-born, the highest proportion of all the G8 countries. The greater Toronto region is becoming increasingly multi-national and is now home to many unfamiliar religious practices and languages.
According to Tina Chui, Statistics Canada’s...
29 Apr at 6 PM 2013
After several months of uncertainty and a class action or two, beleaguered Harlequin Properties has thrown in the towel and gone into receivership.
After failing to keep up with regular contracted payments to their investors and an ongoing investigation by the UK’s Serious Fraud Office and Essex Police, the action by the Essex-based overseas property sales company has now put its investors in an even worse position. An interim moratorium is now in place freezing all legal action against it at the present time.
15 Mar at 6 PM 2013
The FSA unregulated overseas property sales agent firm being investigated by the Serious fraud squad has agreed a substantial out of court settlement to end a class action by disgruntled investors.
Thousands of investors are believed to have put money into the scheme, which involved a 30 per cent deposit on off-plan luxury properties in developments in St Lucia, Barbados
, St Vincent and the Dominican Republic. The remaining 70 per cent of the purchase price was invested in a SIPPs (self-investing pension plan) scheme which breached...
11 Mar at 6 PM 2013
One of the most exciting aspects of emigrating is the thought of a new home in attractive surroundings at a bargain price compared with property in the home country.
However, with dodgy property deals everywhere from Europe to the Caribbean
and Asia hitting the headlines, how are you to avoid your dream becoming a nightmare? Mis-selling scandals, scams and downright poor management of condo blocks can all result in financial disasters for expat owners or investors.
Spain, Cyprus, Barbados
and Thailand are all in the news right...
7 Mar at 6 PM 2013
Britain’s Serious Fraud Office is now investigating Essex-based Harlequin Group regarding its marketing of high-end Caribbean
villas linked with a self-investing personal pension product.
Harlequin’s business was not regulated by the Financial Services Authority, which is now writing to all UK FAs requesting the details of any client who has invested in the scheme. At the same time, the Serious Fraud Office (SFO) and Essex Police are also requesting full details of the transactions involved from anyone who has invested in the...
25 Feb at 6 PM 2013
Around 3,000 British investors are faced with financial disaster after pension advisors recommended the off-plan purchase of Caribbean
Essex-based Harlequin Properties promised would-be expats and investors a luxury life in one of 6,000 upscale villas to be built on Barbados
and other Caribbean
paradise islands. At the present time, only 300 have been built, the FSA has issued a warning and the Serious Fraud Squad are investigating.
Total losses by those who purchased off-plan are likely to be around £250 million, and...