Expat Money News

Latest 10 news items tagged Money

16 Feb at 6 PM 2017

Expat educators in Kuwait to be replaced by Kuwaiti nationals

Beginning in the 2017/2018 education year, the Kuwaiti Education Ministry will replace 25 per cent of its expat workers with Kuwaiti nationals. The purge will stop all recruitment of expat teachers whose specialities are covered by Kuwaitis. According to the Arab Times, the names of more than 450 teachers and 150 technical supervisors and department heads have been listed for contract termination. Subjects covered by the sackings are integrated science, sociology, computer science and Islamic studies and all stages of education will...
15 Feb at 6 PM 2017

Portugal named top of world retirement hubs

Already a favourite holiday and relocation destination for the British, Portugal has been named as the top retirement hub on the planet for three years running. Well-known expat relocation website Live and Invest Overseas considers the attractions of the country to be the perfect draw for retirees, especially single women. The Algarve is favourite for its large, long-established and welcoming expat community, and the country as a whole is the safest in Europe and one of the least dangerous in the entire world. In centuries...
13 Feb at 6 PM 2017

Record number of US expats renounced citizenship in 2016

From a record high in 2015 of 4,279, US expats giving up citizenship and returning their passports surged to 5,411 in 2016, setting a new record. The figures issued by the US Treasury Department show annual increases for the past four years and are thought to be tied to increased activity by the Internal Revenue Service’s hunt for undeclared assets belonging to US expatriates. Enforcement of the controversial Foreign Account Tax Compliance Act (FATCA) rules has also caused difficulties for many Americans living overseas as regards...
10 Feb at 6 PM 2017

Financial mistakes to avoid when emigrating

Moving overseas, whether it’s for a new job or retirement, is challenging at best and terrifying at worst, but care and common sense can make sure financial errors don’t ruin the entire experience. The majority of those intending to stay overseas for a good while are stuck with the necessity of packing and shipping their personal belongings.The obvious way out of this stressful do-it-yourself trap is to use a professional company which takes care of everything on a door-to-door basis, even although the service isn’t cheap....
10 Feb at 6 PM 2017

US expats wait on Trump to keep his FATCA repeal promise

Expat members of lobby group Republicans Abroad as well as their Democrat countrymen are waiting to hear whether The Donald will keep his campaign promise to repeal the unpopular FATCA tax reporting laws. The brainchild of former president Barack Obama, FATCA was introduced in its full form in 2014, with the overall result that American expats’ lives have been made far more difficult as regards maintaining overseas bank accounts, mortgages and loans. In addition, many have reported their US bank accounts have also been closed due to...
8 Feb at 6 PM 2017

Paris pushing its claim to City bankers

Just as the strong possibility of a hard Brexit looms closer, a French charm offensive has arrived in London to woo financial professionals and bankers. It’s no surprise Paris is putting itself forward as an alternative hub to London for financial services once Brexit severs the passporting ties which come with European Union membership. Germany and the Netherlands have also indicated a willingness to welcome bankers and the like, but the Paris team may have stolen their thunder by being the first to arrive. The French team,...
3 Feb at 6 PM 2017

Italy opens doors to wealthy post Brexit expats

In a response to the probable realities of Britain’s exit from the EU, Italy is offering hi-so Britishers tax-free status as residents. Soon after Portugal put in a claim as a haven for wealthy Brit professionals and loadsamoneyed retirees, Italy has joined the rush to provide tax-friendly destinations for disenchanted Britons fleeing a post-Brexit disaster zone. Italy’s offer only applies to the few who can meet its strict criteria, but includes Italians as well as nationals of any foreign country. Candidates must have lived...
2 Feb at 6 PM 2017

Safety a priority for expat families overseas

Would-be expat professionals researching suitable countries for family life invariably put personal security and safety at the top of their requirements lists. When moving overseas to take up a new job involves taking the family along, it’s essential to consider personal safety and security as a top priority. In today’s increasingly unstable world, the task of ensuring loved ones are protected from threats of all kinds is challenging. The results of regular expat surveys such as the latest InterNations offering are made up of...
1 Feb at 6 PM 2017

Inexpensive expat boltholes for living the simple life

For those looking to abandon their home countries in order to live the simple life, comparing relative costs of living is a crucial part of the process. Most surveys of expat destinations relegate costs of living to sub-forum status due to the fact that the majority of yearly comparison reports are aimed at expat professionals with relocation packages. However, totals of monthly utility bills and housekeeping costs are essential for would-be emigrants who’re planning on rejecting the 21st century concept of conspicuous...
27 Jan at 6 PM 2017

Expats in China embrace Chinese New Year customs and traditions

Chinese traditions and superstitions connected with the New Year celebrations are fascinating and fun, with many expats joining in the festivities. The customs connected with the Chinese New Year go back several thousands of years, and the festival itself causes the world’s largest migration as millions and millions of Chinese travel to their family homes to be with their loved ones and observe all the highly-respected traditions Many expatriates who’ve lived and worked in China for a while have come to appreciate the country’s...