Expat Money News
Latest 10 news items tagged Money
21 Oct at 4 PM 2016
Harlequin Property SVG, infamous amongst expats for its Caribbean and Thailand property scams, is now insolvent and has appointed a professional trustee.
The company is based on St Vincent and the Grenadines, a Caribbean offshore location for many companies with doubtful legitimacy, and is the offshoot of another company with the same name. Briton David Ames and his sidekick Richard Houghton were instrumental in swindling expat pensioners out of their savings by selling off-plan beachside condos, only a few of which were actually ...
20 Oct at 6 PM 2016
Everything in life, including food and shelter, needs to be paid for, but expats on a budget can still get quality of life in a number of European cities.
Every expat knows the ‘best things in life are free’, but the reasonable cost of living in your chosen destination isn’t as important as a friendly community. Given that, it’s possible to have both in at many European cities.
Berlin is becoming increasingly popular with expats for its cultural scene and thriving nightlife, with a beer costing around three euros and...
18 Oct at 6 PM 2016
The anticipated expat doom and gloom of Brexit is already seeing a trickle of Brit returnees boosting trade for estate agents offering homes on the Scottish islands.
As uncertainty continues to dog British expats living in EU member states, one national estate agency is experiencing a rush of enquiries from overseas about Scottish island properties. According to the agency’s Oban branch office’s estate expert, Brits are looking to swap sunny climes for the wild, Atlantic setting of islands such as Mull.
Two factors believed to...
13 Oct at 6 PM 2016
According to a recent survey, expats living and working in India are happier than their counterparts in the USA and China.
The respected HSBC survey awarded the sub-continent 26 points against 30 for the USA and 34 for China, with the results based on three parameters, family, experiences and economics. In the economics sector, India ranked just behind China and the USA, but scored in sub-sectors such as local economy at 10 points against the USA’s 16 and China’s 20.
As regards expats’ working lives, India sits at 24 points...
5 Oct at 6 PM 2016
Expats in the UAE are being warned yet again about the inadvisability of taking on 25 year savings plans.
The expat life is, by definition, a transient one, with the majority of expat professionals moving between assignments and rarely staying in one place for more than five years or so. Sadly, a good proportion find themselves locked into an all too common financial trap, the 25 year savings plan beloved by unregulated, commission-hungry independent financial advisers. The syndrome isn’t just a UAE problem, as dodgy salesmen all...
30 Sep at 6 PM 2016
Discrimination by British banks against UK expats with no ties to the country wishing to open accounts is now against the law.
For some years, British banks have refused to open accounts for UK expats living overseas, and have even closed existing accounts. The reason behind the discrimination seems to be that not having a UK address stops financial companies from monitoring customers’ credit history in order to underwrite borrowing.
Whatever the reason, the banks’ unacceptable behaviour has caused major problems for many...
29 Sep at 6 PM 2016
Whatever the local feelings about the huge number of expats in Qatar, it’s a fact the emirate benefits enormously from their expertise, economic stimulus and cost effectiveness.
Qatar’s total population is around 2.3 million, with expats in the emirate far outweighing the number of Qatari nationals. Frequent complaints are heard about the imbalance, usually focused on threats to Arab culture, traditions and heritage, but the truth is that Qatar would be in a far worse situation without its expat input.
The majority of sectors in...
29 Sep at 6 PM 2016
An expat fraudster working in the UK and Spain has died unexpectedly, leaving her investor victims unable to trace millions of euros.
Wendy Smart, also known as Wendy Jeffery, died before the estimated four million euros of investor money
could be located. The fraudster persuaded dozens of expats in Spain as well as UK residents to invest in one scheme involving producing black truffles and another involving tree planting. Both were ‘guaranteed’ to produce huge returns for money
According to an investigative...
28 Sep at 6 PM 2016
Over two thousand expat professionals’ resumes have now been uploaded to a new government website as job cuts continue.
The Kawadir Labor portal was recently opened as a response to the changing circumstances of employers and their expat employees due to the dramatic fall in oil prices. Both employers wishing to rid themselves of pricey expat services and employees who wish to move jobs can use the online portal.
Saudi companies looking to hire highly-skilled expat professionals already in the kingdom are expected to find the...
27 Sep at 6 PM 2016
The Cypriot property market’s surprise recovery is being led by foreign buyers and is showing a significant increase in sales over the past months.
Although interest from Cypriot buyers is still at an all-time low due to difficulties in getting loans, foreign buyers have stepped in and are behind a huge improvement in the island’s real estate market. Local estate agents believe the present time is the best for those investing in property, as prices are still comparatively stable and there’s a good choice of homes available....