Expat Germany News

Latest 10 news items tagged Germany

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...
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...
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...
3 Jul at 6 PM 2014

US expats may be shut out of investing by FATCA demands

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

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...
17 Jun at 6 PM 2014

FATCA requirements forcing foreign banks to close expat accounts

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...
26 May at 6 PM 2014

Expats in Spain defrauded by bogus gas inspectors

Spanish crooks posing as gas inspectors are believed to have defrauded around 5,000 expat residents all across the country before their arrests late last week. Retirees from the Netherlands, the UK and Germany living in the Balearics, the Costa Blanca and the Costa del Sol were their main targets. Although the scam has been noted for several years, the improved methods used by the gang have caught thousands of older expats. Telephone calls to arrange appointments with their victims, authentic gas board uniforms and fake IDs were...
23 May at 6 PM 2014

How to get the best overseas property bang for your buck

When you’re considering emigrating or investing your pension pot in overseas property, it’s difficult to decide which country gives the best value and the best chance of long-term returns. A recent world survey by the Organisation for Economic co-operation and Development, (OECD) offers information on property prices in most popular locations, linked to the economic prospects of your chosen country. The report also identifies regions in which real estate is overpriced. Unsurprisingly, property in the UK and the majority of EU...
30 Apr at 6 PM 2014

Expat exodus causes further falls in Spanish property prices

With the Spanish economy in chaos and property prices still falling, is this really the best time for expats to leave the country? The UK media is having a field day reporting the end of the expat dream in Spain and the continuing crash in its property prices, but is now the best time to return to the UK or should expats hang on in there and wait for a minor miracle. Retirees with occupational pensions as well as the UK state handout may be able to wait it out, but for those below pensionable age needing to work, it’s another...
23 Apr at 6 PM 2014

Brit expats flee Spain due to troubled economy

A recent data release has revealed that the number of British expats officially registered as living in Spain decreased in 2013 by 20 per cent. The official number of Britons living in the crisis-hit country as recorded by town hall registers totalled 385,179 at the beginning of last year. However, the British Embassy believes there are at least 800,000 UK citizens living in Spain permanently or for at least part of the year. Data from the National Institute of Statistics showed that, over 2013, the official numbers dropped to...