Expat Currency News

Latest 10 news items tagged Currency

19 Jun at 11 AM 2015

Asian cities in 5 of top 10 priciest expat destinations

Asia is now among the world’s most expensive regions for companies to send foreign workers to live in, revealed the latest survey from Mercer, with five of the top 10 priciest destinations being in the east of the continent. Hong Kong jumped from third place last year to second this time out, while Shanghai, Beijing and Seoul were also in the top 10. Meanwhile Tokyo, which was the most expensive city for foreign workers in 2012 has now dropped out of the top 10 after falling from seventh to 11th in this year’s rankings, largely...
19 Jun at 9 AM 2015

London cheaper for expats than Hong Kong or Geneva

London is now a cheaper city to live in for expats than Geneva, Hong Kong and the Angolan capital Luanda revealed a new study. The British capital came 12th in the latest cost of living poll, which looked at the priciest cities for multinational companies to base their expatriate employees. The news may come as a surprise for HSBC as it considers changing its headquarters from London to Hong Kong, with the East Asian city being named the world’s second most expensive city to base expat staff. The study, which is conducted...
1 May at 9 AM 2015

Rise in British expats investing in property

The number of British expats looking to invest in property back home has been on the up since the beginning of the year, according to a leading lender. deVere Mortgages revealed that in the first three months of the year, 75 per cent of all home loan enquiries it had received were made by Brits living overseas, predominantly expats residing in regions such as the Middle East, Asia, the US and Russia. The group explained that one of the main reason for the surge in interest has been currency charges, with the pound’s weakness...
25 Mar at 3 PM 2015

Dual citizenship to be granted to Sri Lankan expatriates

A minister from the government said that, from Monday 23rd March, expatriate Sri Lankans would be able gain dual citizenship due to a new administrative procedure. Those able to take advantage of the new procedure will be those who have emigrated to Canada, the UK, the USA, New Zealand, Australia, Sweden, France and Switzerland. On Monday, John Amaratunga , the Minister of Public Order, Disaster Management and Christian Affairs, said there would be a Rs. 50,000 – 250,000 fee for the application procedure. Those wanting to be...
25 Feb at 3 PM 2015

Expats see rise in pension income but it remains lower than a decade ago

Retired Brits overseas are currently feeling the benefits from the pound’s strengthening, but two-thirds are not as well off as they were 10 years ago. Pension payment firm Equiniti, which deals with more than 60,000 retired Brits abroad, said that expats are currently enjoying a boost in income due to the rise of the pound, but most remain worse off than they were in the mid-noughties. The majority of the 60,000 retirees that Equinity manages pension payments for are in the Eurozone, where even though the British currency has...
7 Jan at 4 PM 2015

Oslo most expensive European city for expats

The Norwegian capital Oslo has been ranked as the most expensive city in Europe for expats to live in, according to a recent cost of living survey. The latest rankings, compiled by ECA International, did not feature any cities in neighbouring Sweden in the top 30, most likely because of the weakening of the Krona. ECA conducts cost of living surveys twice annually to assist companies in working out allowances for employees while on foreign assignments. The surveys compare like-for-like consumer services and products commonly bought...
6 Nov at 6 PM 2014

Hidden financial and legal hurdles cause most expat stress

A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities. Up to 400,000 Brits emigrate every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
24 Oct at 6 PM 2014

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 make a decision about permanent residence, the stress and expense of currency transactions is often a negative experience. However, new technologies and several innovative start-ups are about to...
11 Sep at 6 PM 2014

UK government confirms QROPS ban on public sector and civil service pensions

Workers in the UK’s civil service and public services hoping to retire overseas via a QROPS have had their hopes dashed by a government ban on unfunded defined pension transfers. UK Chancellor George Osborne has announced that, from April 2015, some transfers from civil service and public pensions will be banned. Although the news wasn’t exactly unexpected, it’s yet another blow for retirees hoping to emigrate. The announcement is part of a raft of pension rule changes presented for parliamentary discussion and is expected to...
29 Jul at 6 PM 2014

UAE expat savings heading towards global property investments

It’s no secret that Western expats working in the UK are paid plenty enough to be able to invest for their futures, with many still favouring bricks and mortal via global property markets. Property as an asset class is regarded as a traditional and historically safe place to stash savings, offering good returns and little overall risk if the investment is carefully chosen. Whilst UAE government predictions of property price increases due to the upcoming EXPO 2020 may be shaky, investment in regenerated areas of Europe’s large...