Expat Euro News
Latest 10 news items tagged Euro
14 Nov at 2 PM 2014
The UK’s Department of Health has warned Spanish-based expats that they have to properly register with authorities in the country to make sure they have full protection in the state healthcare system.
“Moving to Spain? Think about Healthcare!” is the new video produced by the department. The video, which informs would be expats that the process can take weeks, also points out to Brits that the European Health Insurance Card (EHIC) will not act as cover as it is only meant for short-term visitors to the Iberian country.
13 Nov at 9 AM 2014
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...
11 Nov at 6 PM 2014
The latest financial scandal to rock the expat world has resulted in massive losses due to the activities of commission-hungry rogue salesmen and greedy product providers.
Individual losses range between many hundreds of thousands to pension pots of £100,000 or less, with the staggering total making the collapse of the unregulated LMIM fund one of the most damaging since the 2008 crash. Warnings about the instability of the investment had been circulating online since 2009, when long delays in honouring redemption requests first set...
7 Nov at 6 PM 2014
Expat investors who were mis-sold unregistered EEA Life Settlements Fund bonds have until December to launch complaints.
The Guernsey-based collective investment scheme, composed of traded US life policies, was wrongly marketed as low risk for some years to Europe and Asia-based expats by commission-hungry salesmen. Following the UK Financial Services’ 2011 ban on the sale and marketing to retail investors of such products, a rush of redemptions resulted in the fund’s suspension.
By then, 4,700 investors, many of whom were...
6 Nov at 6 PM 2014
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...
3 Nov at 6 PM 2014
The results of a survey by China’s State Administration of Foreign Expert Affairs may have come as a shock to the ministry, but expat professionals seem to be regarding it as a big joke.
The study was undertaken in order to determine how to attract the brightest and best overseas talent to China’s buzzing economy. The results, however, seemed to indicate that most expats are male, and almost all are unable to utter ever a short, simple sentence in basic Chinese.
Expats who took part in the survey had a different tale to tell,...
27 Oct at 6 PM 2014
The recently-published annual HSBC Expat survey has revealed that Asian locations offer the most affordable costs of living due to their cheaper accommodation, utility charges and groceries.
The well-regarded survey, based on expats’ ability to afford essential services and goods as well as on average disposable incomes, saw Switzerland hit the number one position as regards overall quality of life. However, for mere expat mortals rather than retired bankers, Asian destinations won out on sheer affordability.
Thailand and Vietnam...
24 Oct at 6 PM 2014
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...
23 Oct at 6 PM 2014
Following on from reports of vastly increased numbers of financial scams in Europe, the Gulf States and Asia, today’s warning to citizens and expats by the Kiwi Financial Markets Authority (FMA) comes as no big surprise.
Expats across the world are now being ripped off via an unprecedented number of financial fraudsters lurking in expat communities. The majority of those targeted are older expats and retirees, and pension pots and life savings are more at risk than ever before.
The FMA’s action comes as a result of an...
22 Oct at 6 PM 2014
A recent study has revealed that wealthy philanthropists nowadays are focusing on helping new self-sustaining projects, job creation and the poverty-stricken.
Around 13 per cent of the world’s wealth is held by just 0.003 of its population – the mega-rich millionaires and billionaires who monstly made their fortunes in the heady second half of the last century. However, rather than gifting to museums or universities as in the past, the ultra-wealthy are turning their thoughts to encouraging young entrepreneurs, those working in...