Expat Germany News
Latest 10 news items tagged Germany
14 Oct at 6 PM 2014
In a bid to attract expats away from neighbouring Spain, Portugal is offering a new tax exemption scheme eliminating double taxation of any income from overseas.
The new tax deal means that all income from overseas sources, including pension payments, will not now be subject to double taxation for at least 10 years. The scheme will apply to new arrivals who have not been resident in the country during the previous five years, although top-level professionals such as engineers, professors and technicians working within Portugal will be...
14 Oct at 6 PM 2014
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....
8 Sep at 6 PM 2014
Saudi Arabia’s private universities are failing to attract expat student, most of whom are choosing to gain their degrees in overseas centres of excellence.
According to local academics, only 30 per cent of expat students are taking degree courses at the Kingdom’s private universities. The majority are returning to their home countries to study, with high tuition fees given as the main reason.
Saudi’s private universities are a convenient alternative for expat students who cannot be admitted to government universities....
6 Aug at 6 PM 2014
The number of Britons living or visiting overseas who needed passport help during 2013 rose by around eight per cent, not taking into account the huge number of people affected by the massive passport processing backlog.
The passport backlog itself caused the worst crisis for the British passport office in decades, with hundreds of thousands of unfulfilled applications stacked in boxes awaiting processing. Waiting times of up to and over four months caused ruined holidays, missed family occasions and disrupted business trips....
15 Jul at 6 PM 2014
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...
10 Jul at 6 PM 2014
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...
7 Jul at 6 PM 2014
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.
3 Jul at 6 PM 2014
Three days after the US’s much-criticised Foreign Account Tax Compliance Act came into global force, Fidelity Investments announced that it will bar expat US citizens from trading in or buying its mutual funds.
A number of overseas banks have already begun notifying their USA expat clients that their accounts will have to be closed, and are no longer taking on new accounts from American citizens. Experts fear that the announcement by Fidelity will be the first of many such, effectively barring US citizens living overseas from a...
3 Jul at 6 PM 2014
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...
17 Jun at 6 PM 2014
The upcoming launch of the USA’s controversial FATCA reporting requirements looks set to result in the closure of US expat accounts world wide.
For several months, reports have been coming in from various expat destinations about restrictions, difficulties and even account closures affecting US citizens living abroad, either in employment or as retirees. The latest and possibly the most damaging announcement came last week from Mexico’s major Banamex USA bank, informing all its US clients that their accounts are to be permanently...