Expat Euro News

Latest 10 news items tagged Euro

16 Jul at 6 PM 2014

Expats enjoying the strong pound warned to watch out for fluctuations

UK expats living in the Eurozone and further-flung destinations are enjoying a boost in pension payments at the present moment, but are warned to watch out for future currency fluctuations. The global economic crash wiped a third off pension payments for UK retirees living overseas, but the ongoing British recovery has seen sterling soar against the euro over the last half-year. Economists believe the pound will strengthen further due to the European Central Bank’s preference for a weaker euro to support the rcontinental region's...
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...
14 Jul at 6 PM 2014

Mobile roaming charges in and around Europe finally slashed

Expats using UK mobile phones in Europe are finally able to move from one country to another without being charged a small fortune for mobile roaming, texting and making calls – but it’s not all good news. Holidaymakers and UK expats who live in EU member states but enjoy touring nearby countries will gain the most from the newly reduced charges. Calls are now capped at 15p per minute, browsing or downloading at 16p per megabyte, texting at 5p a minute and receiving calls at 4p. Unfortunately for expats from other world...
11 Jul at 6 PM 2014

Expat medical problems made worse by language barriers

One of the major expat concerns is the adequacy of local health systems in the host country, particularly if emigration includes the children of the family. Moving abroad and settling into an unfamiliar country with a young family is a stressful experience at the best of times, made even more difficult when health problems occur. Even if comprehensive health insurance has been provided as part of a salary package, finding the right medical practitioner can be complicated by language issues. It’s easy to lose confidence in a...
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...
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...
7 Jul at 6 PM 2014

Visa application data reveals expats and their tangled love lives

The complications of cross-border relationships involving expats’ love, marriage and even divorce issues have been revealed by a study of immigration assistance patterns. Immigration assistance company Global Visa’s analysis of around 5,000 cases over the past few years has revealed the secrets of expat relationships and love lives. Apparently, almost 33 per cent of all visa applications are now rejected by immigration officers, with refusal numbers doubled since 2012 due to stricter rules in many countries. Fascinating facts...
4 Jul at 6 PM 2014

Tax burden hits poor harder than rich in divided Britain

As an increasing number of retirees leave the UK for a better chance of living comfortably in older age, established expats abroad would do well to look back at their home country’s huge gap between the poor and the wealthy. Official figures issued recently revealed that the rich in the UK are a massive 15 times better off than those in the poorest sector. Number-crunching by the National Statistics Office shows the impact of high taxation as against benefits on household income. Expats living in comparative luxury overseas...
3 Jul at 6 PM 2014

British expats exiting Spain due to overseas assets declaration law

Although life in the UK is undoubtedly harder and more expensive than when they left, 2013’s trickle of Brits leaving Spain has turned into a flood. Since last year’s new law made it compulsory for expats to declare all their overseas assets, the size of the British expat community in Spain has decreased by 23 per cent, with German and French diasporas reducing their communities by 23 and 12 per cent respectively. According to returning Brits, no-one trusts the Spanish tax agency, and many more are simply failing to register and...
1 Jul at 6 PM 2014

Expats in Cyprus win settlement in mortgage misselling scandal

The ongoing scandal concerning mis-sold mortgages on expat homes in Cyprus has affected thousands of property owners on the island, but now looks as if it’s coming to an end. Rather than risk a UK High Court judgment against them, the Cypriot Alpha Bank and a consortium of 20 property developers have settled all claims. The good news came just a day before the court hearing was due to begin, leaving the thousands of expats terrified of losing their homes hoping the nightmare is over. According to lawyers, part of the settlement...