Expat Emigration News

Latest 10 news items tagged Emigration

29 May at 9 AM 2015

Expats lose £850m worth of pensions

Roughly 250,000 British expat pensioners have lost out on pensions benefits worth in the region of £850m due to the fact that UK pension scheme trustees have lost trace of them since they emigrated. The estimate arrives after data gathered by FindMyLostPension.com showed that expats in Europe, North America, the Caribbean, Australia, South Africa, the Middle East and other regions across the world have pension pots that remain unclaimed. The average pensioner is owed anything between £2,000 and £30,000 per year, while tax-free...
26 May at 4 PM 2015

Expats living in Spain to be affected by EU inheritance law

Expats in Spain could see their estates handed out against their intentions and their families having to fork out more tax than they should if they have not made a will. Spain is the most popular destination among emigrating British retirees, with thousands relocating to the Mediterranean nation each year. However, many remain completely unaware that the inheritance laws in the two countries are entirely different, and are all set to change once more. Spanish laws determine who the inheritor should be when a person who has not made...
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...
5 Mar at 9 AM 2015

Costa Rica increases in popularity among retirees

More and more people are looking to emigrate to Costa Rica after retiring with factors such as low cost of living and beautiful surroundings proving major draws among expats. Four out of the top five destinations for retirement are in either South or Central America, according to the International Living’s 2015 Retirement Index. This year Costa Rica has entered in at number five on the list, behind Ecuador, Panama, Mexico and Malaysia respectively. The report described Costa Rica as a “nature-lover’s dream”, adding that the...
10 Feb at 2 PM 2015

Twice the number of Chinese people leaving the country than arriving

Two times as many Chinese people are quitting the country and heading for pastures new than the number of expats returning home, according to a recent survey. Moving firm UniGroup Relocation revealed that the US topped the list of preferred countries among Chinese expats, while Germany, Singapore and France completed the top four. The Wall Street Journal reports that UniGroup’s data showed that two times as many people left China than returned to the country last year; however, the company did not state whether the Chinese...
13 Nov at 9 AM 2014

British expats described as unsociable

British expats do not properly integrate after emigrating, according to a new survey, which says they prefer to stick to their own social groups. British expats living in United Arab Emirates and African countries are the least integrated, said the study, which was conducted by global relocation specialist Robinsons. The survey showed that almost a third of respondents, 27 per cent, said that their friends were “mainly British”, while 10 per cent described their social group as “exclusively British”. At the opposite end of the...
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

Foreign Office urges research before choosing an overseas retirement destination

The UK’s Foreign and Commonwealth Office (FCO) is urging retirees heading for life overseas to look carefully and plan ahead before they leap. Millions of UK nationals are now aiming to relocate or retire abroad, with the tempting prospect of warmer weather and a better lifestyle the main reason for the decision. However, it seems that not all prospective expats know exactly what they’re letting themselves in for as regards cultural differences and financial worries. A recent survey confirmed that two-thirds of those planning...
20 Oct at 6 PM 2014

Continuing FATCA chaos impacts long term US expats in Canada

Problems with retaining bank accounts and complying with complicated regulations are hitting hard on all US expats, but those who emigrated to Canada many years ago are experiencing the worst effects. Last February, the Canadian government finally signed on to co-operation with FATCA ruling as regards the disclosure of privately held offshore assets belonging to US expats resident north of the border. The steep penalties imposed on non-compliant foreign banks and the mass of paperwork required has led to many US and foreign banks...
17 Oct at 6 PM 2014

Survey results urge expats to be informed about financial matters

An expat survey conducted amongst new arrivals by the Bank of Canada emphasises that, wherever you decide to settle, getting money matters straight is essential. Although the survey focuses on Canada, its conclusions hold true in all expat destinations worldwide. New arrivals face similar financial challenges wherever they decide to live, and simple mistakes can ruin lifestyles and cause huge losses. Factoring in expenses such as the actual cost of the move itself or transporting pets as well as people often aren’t taken into...