Expat Money News

Latest 10 news items tagged Money

22 Mar at 6 PM 2017

Expatprenuers set new trend in Asian business hubs

For expats looking to work overseas, there’s a whole new culture developing, especially in Asia, in which the focus is on informal expat start-ups rather than corporate postings with all the trimmings. Traditionally, becoming a working expat involved relocation to an overseas subsidiary of a multinational Western company, with fixed term contracts and financial packages on hand to ease the transition. Nowadays, a new breed of ‘expatprenuers’ are journeying to the same destinations and starting up their own businesses, helped by...
21 Mar at 6 PM 2017

Expatriate success depends on personality traits

The personal qualities needed to become a successful expat may not be obvious at first, but a recent study stresses the importance of self-evaluation before making the decision to relocate. Deciding to take an overseas assignment in order to earn more, improve future career prospects or simply to experience living and working in an unfamiliar location isn’t just a matter of finding a suitable job abroad. According to a new study, taking the opportunity seriously involves self-examination as to whether you’ve the right priorities...
17 Mar at 6 PM 2017

Superheroine Consular Carol urges Brit expats to take better care of their passports

Just as most UK expats had managed to forget the zany side of their home country, the UAE British Embassy's social media pages are using a cartoon superheroine to advise that keeping passports in freezers is not the best idea. The www,gov.uk/overseas webpage is a must-visit for expats bemoaning the good old days when Britishers were known worldwide for their eccentricity. It features a new, female superhero cartoon character, Consular Carol, whose only job in life is to help protect British passports, wherever on the planet they may...
16 Mar at 6 PM 2017

Expat owner of Dubai rogue relocation shipper now arrested and charged

Expatriate victims of a rogue packing and shipping company operating out of Dubai have been promised their belongings back by Dubai police. Following the arrest of Lionel Davis, owner of Expat Relocations, expatriate families who fell victim to the rogue removal company have been reassured by police their household goods will be returned. Davis is now facing seven separate criminal charges related to embezzlement and issuing false cheques in 2015 and 2016. Expat Relocations is now known to have been an offshoot of Relogulf, closed...
10 Mar at 6 PM 2017

Best Aussie enclaves in expat destinations

The Australian diaspora is one of the expat world’s most impressive, with at least a million Aussies living and working outside the home country at any given time. Adventurous as Oz expats undoubtedly are, there’s still the human need to be with like-minded souls, thus creating enclaves of Australian nationals in diverse locations across the world. Just under 50 per cent of wandering Aussies head for Europe, and some 24 per cent of those already overseas are gravitating towards Asia as their next stop on the expat trail. For...
9 Mar at 6 PM 2017

Avoiding financial worries as an expat in Singapore

Managing money as a newly arrived expat in Singapore has its inevitable pitfalls, but it’s easy to find ways around just about every aspect of budget control. Singapore is one of the world’s most popular expat hubs, and is also one of the most expensive as regards maintaining a comfortable lifestyle, whatever your salary level. The old advice of 'save the pennies and the pounds will take care of themselves' is a good way to start, and comes with the added bonus of feeling smug. Most money worries suffered by expats in...
9 Mar at 6 PM 2017

Hammond budget hits out at QROPS pension transfers

This week's 2017 budget is bad news for expats wishing to transfer their pension pots overseas via a Qualified Recognised Overseas Pension Scheme, better known as a QROPS. Introduced, according to Chancellor Philip Hammond, as a deterrent to tax avoidance, the new rule will come into effect today, March 9 and is not, he said, being seen as a blanket expense for all QROPS transfers. Expat pension savers will not be penalised if they are resident in the country where their chosen QROPS is based, if both the QROPS and the expat are based...
1 Mar at 6 PM 2017

Commuting expats in Saudi happy with new train service

Expats in Saudi commuting between Qassim province and the capital are more than happy with a new train service joining the two conurbations as it dramatically cuts travel times. Both expat and Saudi commuters are commenting positively about the recently introduced service as a welcome option to the long, trying journey by car. The new train forms part of Crown Prince Muhammad bin Salman’s Vision 2030 initiative for the kingdom, and will be expanded to cover other destinations in the near future. Formerly, the Qassim Expressway was...
24 Feb at 6 PM 2017

Expats in Singapore should go for shorter rental leases

Singapore is an all-time popular expat professional destination for its modernity, ultra-cool image and fantastic food, but new arrivals are being advised to take short-term rental leases rather than committing to several years in the same city location. The single, most important downside to Singapore is its incredibly expensive cost of living, especially for newly-arrived expatriates who don’t yet know their way around as regards options. The majority of the city-state’s residential districts appear identical to each other, but...
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...