Expat Citizenship News

Latest 10 news items tagged Citizenship

25 Jul at 6 PM 2014

Amsterdam scores as expat happiness central in spite of high tax rates

Many would-be expats would balk at the thought of paying 52 per cent income tax on their earnings overseas, but the charm of Amsterdam is such that no-one seems to mind. Most expats living in the historic Dutch capital were lured by the promise of a choice of literally thousands of jobs in the tech, oil and other sectors. In spite of losing over half their salaries to the tax man, most have stayed due to the benefits and lifestyle they’ve learned to love. The Netherlands ranks consistently in the top ten tworld 's happiest...
23 Jul at 6 PM 2014

UK government sneaks in controversial state pension changes

Controversial changes to the UK state pension due to affect millions have been slipped in just before Parliament’s summer break. The changes apply to pensioners who decide to delay claiming their UK state pensions and will come into force for those hitting pension age on or after 6 April 2016. At present, a bonus of 10.4 per cent per unclaimed year is paid to those choosing to defer their entitlement. Many UK citizens, especially those still in employment after the age of 65, have chosen to defer, with some waiting up to 10...
22 Jul at 6 PM 2014

Edmonton couple plead with Canada immigration for their adopted baby

Canada’s Immigration and Citizenship bureau is busy racking up the country’s attraction for migrants, but seems to be ignoring the essential humanity that should be a part of their job. An Edmonton couple who adopted a Congolese child in August 2012 are still unable to bring the 18-month old baby to live with them in their home country. Cindy Nichol and her husband wanted to adopt for humanitarian reasons, but also because their two children had been born at great risk to their mother, who had been advised not to attempt another...
21 Jul at 6 PM 2014

Report identifies UAE as plagued by misbehaving Brits

The annual British Behaviour Abroad report brings bad news for British tourists and expats working in the UAE, as the number of those arrested for bad behaviour has soared since 2012. Attempt to blame the results of the report solely on British tourists in the region are likely to fail due to a strong decline in temporary visitors to the desert emirates. Comparative numbers tell the tale, with tourism declining during the last two years by 25 percent, and the number of UK expats working in the region staying steady at around 100,000...
16 Jul at 6 PM 2014

80 per cent of USA expats considering giving up citizenship due to FATCA

A new survey has revealed that the onset of the USA’s FATCA global tax law has resulted in an 11 per cent rise in the number of Americans prepared to give up US citizenship. The results of the poll, undertaken by a major international financial product provider, won’t come as a shock to US expats living permanently overseas. Already, banks in their host countries are closing out US citizen-held accounts and refusing new business rather than deal with the reams of paperwork needed to comply with the directive. Almost 80 per...
15 Jul at 6 PM 2014

Skipton offer expat buy to let mortgages on selected UK properties

Skipton International, the offshore Channel Islands base of the well-known high street building society, is now offering expat mortgages on UK buy-to-let properties. Including UK buy-to-let options in expat pension planning has traditionally been tricky for those requiring mortgages, but the recent rise in UK property prices has encouraged a few offshore banks to offer the service. Skipton is the latest to jump on board with its plan for UK citizens living and working overseas. The scheme is available to native UK citizens only,...
15 Jul at 6 PM 2014

Number of Britons living overseas soars to over five million

According to a report by the United Nations, well over five million British citizens have emigrated for reasons of work, retirement or general dissatisfaction with the state of their home country. Since 1990, the number of British-born migrants has increased by 23 per cent, with the majority of those leaving heading for sunnier climes. Australia is the all-time favourite destination, now home to some 1.27 million former British residents. America is the next most popular place for immigration, with 758,919 Brits in residence, and...
10 Jul at 6 PM 2014

British exodus from Spain replaced by Russian incomers

Changes in the Spanish tax regime have sent thousands of British expats scurrying back to the UK, only to be replaced by hordes of emigrating Russians. According to the Spanish National Institute of Statistics, the total number of foreigners resident in Spain dropped by an impressive half a million last year, firmly establishing the returnee trend. The massive reduction isn’t all down to emigration, as almost half a million expats gained Spanish citizenship in 2013. However, it’s obvious to businesses serving the UK expat...
10 Jul at 6 PM 2014

British passport chaos worsens as backlog soars to half a million

The UK’s passport chaos is heading to new heights in spite of the introduction of a raft of emergency measures including overtime and temporary staff. Passport office chief Paul Pugh stated during a meeting of the Commons Home Affairs Select Committee that the backlog now stood at 508,000, some 25,000 more than in early June. He added that the overtime bill for clearing the jam would amount to around £5 million, but refused a suggestion that the department was still in chaos, adding that it is on target for a £50 million profit in...
8 Jul at 6 PM 2014

UK Expat savers offshore accounts caught by Son of FATCA

Expat savers considered by HMRC to be tax-resident in the UK will now be forced to share their personal and financial details with the UK tax authority. Following the UK’s signing up to FATCA, the UK Chanceller announced a similar arrangement between HMRC and the Crown Dependencies of Guernsey, Jersey and the Isle of Man. The three jurisdictions are most popular with UK expats due to their provision of offshore accounts. The agreement, knows as Son of FATCA and based on the US model, is aimed at curving tax evasion and improving...