Expat Money News

Latest 10 news items tagged Money

27 Jul at 6 PM 2016

Buying real estate in Europe still the way to go

Whatever the final result of the Brexit negotiations, purchasing property in Spain and other European countries popular with British expats will still be possible. One fact that seems to have been forgotten in the post-Brexit chaos is that many non-EU member state nationals can and are still purchasing homes and holiday villas in EU countries. Even after the UK finally quits the EU, British buyers will still be able to live in EU countries, although there may be more stringent and expensive immigration and financial requirements....
25 Jul at 6 PM 2016

Does expat retirement live up to expectations

A new survey has asked the question most often ignored by polls involving expat retirees – how does the reality compare with your dreams? For most expats, dreams of retiring overseas conjure up visions of glorious weather, dramatic sunsets over warm oceans, fascinating cultures, great food and many new friends. Plus of course, a favourably cheap cost of living. However, a new survey has identified quality of life issues as one of the most important triggers for leaving one’s country of origin. The results of the poll make...
21 Jul at 6 PM 2016

Dreaded FATCA finally in full implementation

Since July 1, all foreign financial firms dealing with US expats overseas will face massive penalties for failing to annually disclose their clients’ accounts and financial affairs. The introduction of the swingeing system of fines was the final stage of FATCA’s implementation worldwide, only delayed due to the need to update US government software as well as foreign firms’ client identification programmes. In spite of legal and political challenges against its implementation, there was never any real doubt that FATCA would...
19 Jul at 6 PM 2016

British expats on Cyprus still waiting for their own cemetery

For years and in spite of an agreement, British expats living in Cyprus have been waiting for a dedicated cemetery and crematorium. Following endless debates involving the Cypriot government and Cyprus’s branch of the Greek Orthodox religion, an agreement was finally made, but no implementation has yet taken place. The reason behind the mysterious delay is anyone’s guess, but is believed to be connected with certain local influences, a loss of revenue to existing facilities and a clash with local cultural beliefs. Even more...
12 Jul at 6 PM 2016

Brit expats in the Gulf advised to keep sending money home

As a result of continuing uncertainty over the value of sterling, British expats working in Gulf states are being advised to keep sending money home. The dramatic fall in the sterling exchange rate following the shock Brexit result prompted an eight-fold increase in remittances from the region to UK banks. Given the continuing political and economic bad news, it’s no surprise financial experts are recommending that expats continue to transfer capital back to their home countries. Gulf Research Center’s director of economic...
11 Jul at 6 PM 2016

Dutch expat con man reputedly linked to major Netherlands crime family

Expat havens the world over have their share of dodgy characters ready and willing to defraud other expats of their hard-earned savings, but this Costa del Sol con man may be unique. Exposed recently by Spain’s leading expat newspaper, Jan Brinkman has been busy ripping off fellow expats as well as locals with tall tales of ultra-rewarding investments. One such, Marbella-based movie stuntman Peter Wicke, was targeted by Brinkman as he searched for investors in his new Movie Television Productions International company. Brinkman...
6 Jul at 6 PM 2016

Will the Brexit affect drive up Oz property prices

Analysts struggling to find shreds of good news lurking behind the massive black cloud of Brexit are suggesting that Britain’s leaving the EU may have a positive effect on Australian real estate prices as well as boosting the number of buyers. The theory behind the report is that, once Brexit is a reality and the UK has finally left the European Union, Australian expats will be forced to return home. This, apparently, will drive population growth and demand for properties as well as preventing Aussies from emigrating to further their...
1 Jul at 6 PM 2016

Buying residency in popular EU countries restricted to wealthy expats

Securing an idyllic expat life post-Brexit as a resident in favourite European destinations is proving to be only an option for the wealthy. The rush for European passports is gathering steam as the full implications of Brexit hit home, but unless applicants are long-stay or have nationals of that country in their ancestry, there’s no chance unless big money is handed over. Various countries are now offering citizenship to Britishers affected by Brexit – but only at a staggering price. The vast majority of the 1.2 million...
30 Jun at 6 PM 2016

UK expats in Beijing worry about Brexit effects

International expats living and working in Beijing are increasingly concerned about the short- and long-term effects of Britain’s leaving the European Union. UK expats in Beijing and China’s other major cities are in a state of anxiety and uncertainty ever since the shock waves resulting from the Brexit win reverberated across the planet. Although everything’s in a state of flux right now, the possible future implications need to be studied. The big question being asked by expats in China as well as across the rest of the...
15 Jun at 6 PM 2016

Spanish lawyer gives hope to thousands over lost dream home deposits

Knowing your legal rights as an expat in Spain, it seems, is the first step in winning back your life savings form property scammers. Adolfo Martos, a long-standing lawyer with offices in Malaga and Marbella as well as a dedication to help scammed expats, has the core advice of how to beat the snails-paced Spanish courts. Hanging on in there and insisting on your rights, no matter how long it takes, he says, will win every time. Now the chair of the international legal group ‘TEN, The European Network’, has started a new...