Expat Caribbean News
Latest 10 news items tagged Caribbean
16 Oct at 6 PM 2017
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
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.
14 Sep at 6 PM 2017
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...
6 Sep at 6 PM 2017
As Hurricane Irma barrels across its first landfall in the Caribbean
at an incredible 190mph plus, residents, expats and tourists along its path are fearing for their lives.
The chance of two ferocious storms hitting the USA within two weeks of each other is rare, with Irma already classified at category 5 and spreading widely enough to encompass both sides of the Florida peninsula. At present, it’s hitting hard on islands in the Caribbean
, with residents and expats rushing to secure their roofs and battening down their windows....
21 Aug at 6 PM 2017
As prices increase across the USA, more and more retirees are becoming expats enjoying a better quality of life at far less cost.
Americans, it seems, aren’t great at saving for retirement. A recent report released by the Economic Policy Institute suggests the average American retirement nest egg is as low as $5,000. Those getting close to retirement are doing slightly better with some $17,000 but, with prices rising month by month, that’s not exactly a comfort zone. Whilst costs in the USA do vary across the states, it’s now...
5 Apr at 6 PM 2017
Expats who’re looking for an alternative to destinations crammed with retirees living the same lives as they did in their home countries should take a look at Belize.
It’s a truism that, especially in retirement, many expats tend to relocate to destinations already home to large communities of their own nationals, forgetting the fact that familiarity might well breed contempt. For the more adventurous, there are still havens offering the compulsory natural beauty, great weather and affordability together with a truly international...
17 Feb at 6 PM 2017
In spite of many legal and political knock-backs, the fight against the British government’s stance on frozen pensions is still alive and kicking in Australia.
The disgrace of frozen pensions has continued over many years, with many thousands of elderly UK long-stay expats living overseas being forced into increasing poverty by the rule. Currency fluctuations make matters worse, as a heavy fall in sterling can mean the difference between just getting by and being unable to support even the most basic lifestyle. Often, UK pensioners...
30 Jan at 6 PM 2017
As American interest in alternatives to continuing living in the USA continues to grow, Belize is increasingly being seen as the perfect expat destination.
island formerly known as British Honduras is becoming even more popular with refugees from an increasingly divided America. Along with all the usual attractions including balmy weather, glorious beaches, marine and terrestrial biodiversity, friendly people and cultural diversity, it also operates an offshore tax and business haven extremely favourable to expat...
30 Nov at 6 PM 2016
Over the past year, over two thousand retired British expats have been forced to repatriate to the UK due to their state pensions being frozen.
Official figures from Britain’s Department for Work and Pensions show several thousand British citizens who’d chosen to live overseas In retirement were forced to return to the UK due to their state pensions being frozen. Many of the returnees had lived abroad long-term and were no longer able to support themselves on the original amounts paid at the time they left the UK.
The data was...
21 Oct at 4 PM 2016
Harlequin Property SVG, infamous amongst expats for its Caribbean
and Thailand property scams, is now insolvent and has appointed a professional trustee.
The company is based on St Vincent and the Grenadines, a Caribbean
offshore location for many companies with doubtful legitimacy, and is the offshoot of another company with the same name. Briton David Ames and his sidekick Richard Houghton were instrumental in swindling expat pensioners out of their savings by selling off-plan beachside condos, only a few of which were actually ...