Expat Euro News

Latest 10 news items tagged Euro

15 Oct at 10 AM 2014

Europe set to take over from Middle East as expat bonus hub

Although the Gulf States have traditionally attracted the majority of expat professionals due to generous bonuses, Europe is set to take over the rewards crown. Today’s expanding Western-based bonus culture is the result of a recovery from the devastating effects on international companies of the 2008 financial crash. The tightening of corporate belts and the disappearance of many investors meant bonuses were drastically cut or disappeared altogether. Recent research has shown that Europe is likely to be the first world region...
14 Oct at 6 PM 2014

Portugal the ideal destination for expat retirees

The search for the perfect overseas retirement haven is crucial to many retirees’ plans for the future, and involves finding a dream home in a sunny, friendly environment such as Portugal’s romantic Algarve region. Known for several decades by literally thousands of UK expats as a great place to live, a recent survey has identified the Algarve as an all-time favourite. Its medieval cities, coastal fishing villages and small towns, local markets, delicious food and wine and warm weather are all topped off by friendly, established...
14 Oct at 6 PM 2014

Australia still beats the competition for best UK expat destination

As Northern Europe’s chilling winter months draw nearer and the results of seasonal surveys of the perfect expat destination hit forums and advice websites, potential migrants could be forgiven for an excess of confusion over which destination is best. The NatWest Quality of Life Survey, one of the better indications of migration preferences, produced a surprise this year with its conclusion that the West as a preferred expat destination is being overtaken by Eastern delights. Even so, Australia still tops the chart as UK expats’...
14 Oct at 6 PM 2014

Soaring cost of living in Singapore impacting expat salary increases

In spite of the high salaries paid to expats living and working in the popular city-state of Singapore, rampant inflation is smashing down on even the most generous pay rises. The results of a survey by Standard Life indicate that the vast majority of expats believe their salaries are unable to catch up with the city’s soaring cost of living increases. Although most of those surveyed said they were earning far more and saving more than in their home countries, 50 per cent complained that they needed further salary increases to keep...
14 Oct at 6 PM 2014

Which country gives the best returns for expat property investors

The international real estate sector has traditionally been a favourite with expat property investors, but it’s anyone’s guess which locations will perform best over the long term. Over the past year, the UK housing market has seen soaring gains, with many expat investors eager to cash in on buy-to-let opportunities before they are priced out of the market. As the year draws to a close, many are finding they can’t afford properties in areas already saturated with foreign buyers, and are looking overseas to find the next hotspot....
24 Sep at 6 PM 2014

Expats letting out UK homes face new mortgage problems

A new EU ruling may cause hassles for expats wishing to let out their UK homes using a buy-to-let mortgage whilst they work or live overseas. Until March next year, expats looking to take up a contract overseas are able to let out their UK property with the permission of their mortgage lender. After that date, new EU rules will compel mortgagees wishing to let their properties to prove they can afford the monthly payments on an existing loan or new buy-to-let mortgage. Expats planning to stay outside the UK for a considerable time...
24 Sep at 6 PM 2014

Missing expat Premium Bond prizewinners urged to claim their windfalls

Two British expats who’ve probably forgotten they’d bought Premium Bonds are sitting on a major windfall totalling £150,000. The UK’s Premium Bond scheme encouraged millions of post-war Britons to buy its shares at £1 each and take part in its monthly draws. Many savers won small or larger prizes over the years until the National Lottery and the later Euro lotteries began offering huge prizes not linked to savings. One of the two unclaimed prizes is due to a woman holding six bonds who emigrated to Australia and...
23 Sep at 6 PM 2014

Spanish tax man hits out at expats with Gibraltar properties

British expats living in Spain who also own property in the British offshore financial hub of Gibraltar are being targeted by the Spanish tax authorities. The sovereignty of the famous Rock of Gibraltar has long been a thorn in the side of Spain, although Britain has managed to hang onto it for several centuries. Spanish finance minister Cristobal Montoro is claiming that 22,000 Gibraltar-registered companies and at least 6,000 expat property owners on the Rock are using Spanish public services but paying almost no tax. According...
19 Sep at 6 PM 2014

EU court rules against Spanish inheritance tax discrimination

Expats with properties in Spain and holiday home owners are to benefit by an EU court ruling allowing them the same range of tax relief options as Spanish citizens. Discrimination against non-residents as regards tax liabilities has long been an issue amongst UK expat property owners who spend time in both countries. By the use of tax relief options, residents’ taxes can be cut to around zero, but the same options have not been granted to part-time expat residents owning holiday homes. The European Court of Justice stated that...
18 Sep at 6 PM 2014

Expats in UAE shunning local banks for offshore accounts

A recent study has revealed that almost 50 per cent of expats working in the UAE prefer to put their savings in offshore bank accounts rather than in UAE banks. The survey, undertaken annually by an emirate-based financial comparison website, showed that 48 per cent of respondents were happier saving their spare cash in home country or offshore banks than in UAE banks. As a result, according to the authors of the survey, UAE banks are missing out on new business aimed at keeping expat residents’ savings in the emirates. Results...