Expat Money News

Latest 10 news items tagged Money

24 Jul at 12 PM 2015

Expat millionaires’ date ends in legal dispute

A French oil expert and a former Japanese model have become embroiled in a legal spat after meeting on a millionaires’ dating website. Charles Miriel, 67, and Nan Itakura, 44, met on millionairematch.com and met in person for the first time in the Spanish town of Sotogrande in March. Things were all rosy at the beginning and Itakura and her 11-year-old son moved into the Frenchman’s home in the Andalusian resort town shortly after. However, just three months later the relationship has turned so sour that both have filed police...
23 Jul at 6 PM 2015

Barclays to close expat accounts unless six-figure sum deposited

Expat in a number of countries face the prospect of their Barclays Bank accounts being closed down unless they have a balance of at least £100,000. The bank announced that it would close down accounts that were not worth £100,000 within a couple of months, meaning many Brits living abroad will need to deposit huge sums of money should they wish to keep their business links with the lender. Barclays has already sent letters out to expats in Cyprus acknowledging that they know they may be disappointed by the ruling, and stating that...
22 Jul at 6 PM 2015

Expat nurses in UK face prospect of being sent home

Increased budget cuts designed to further reduce the government budget deficit mean many foreign nurses in the UK may be sent home. To separate long-term residents and short-term workers, UK laws state that expat workers are permitted to stay and work in the country for six years. However, by the time the six-year mark comes round, they must be able to show they are on a yearly salary of at least £35,000. If not, working visas can be taken away from them and they then have to return to their homeland. In recent times the UK has...
11 Jul at 10 AM 2015

Saudi woman jailed for conning Yemeni expat out of SR300,000

A Saudi Arabian court has jailed a woman has ordered her to pay back the SR300,000 ($US80,000) she took from a Yemeni expat after saying that she would obtain Saudi nationality for him. The victim’s lawyer, Khalid Al-Yafie, said that the Saudi woman had ruined his client’s reputation in a separate incident which involved her posting a video on social media in which a group of divorcees claimed he was an exploiter. Al-Yafie explained that his client had dropped the charges against the divorces who appeared in the video because he...
7 Jun at 2 PM 2015

British expat in Spain banned from feeding stray cats

A British expat who has been banned by her town hall from feeding stray cats is fighting back in a bid to overturn the ruling. Kelly Dooley, 44, was told by Benalmadena Town Hall that she was no longer allowed to lay food out for the cats that roam around Paloma Park. However, Dooley, originally from London, is not happy with the ruling and has already gathered 2,000 signatories on her petition to reverse the decision. Dooley said that she couldn’t believe they would make such an unjust call, pointing out that she had worked so...
20 May at 9 AM 2015

Expats in Africa have highest salaries but work longest hours

A global survey has revealed that expats in Africa earns more money than their counterparts elsewhere, bringing in an average of £160,000 per year. However, the downside to the high salaries received on the world’s poorest continent is that expats there are working longer hours than anywhere else, with four out of 10 nations on the longest working hours list being in Africa. Africa’s most populous country, Nigeria, is home to the most high-earning expats, largely due to the fact that it is the continent’s biggest oil producer...
6 May at 2 PM 2015

Finnish expats happy in Estonia

Most Finnish expats in neighbouring Estonia are enjoying life and would recommend theuir fellow countrymen to make the move, according to a recent online survey. Of the respondents, 59 per cent admitted that they would “definitely recommend” living in Estonia, while 37 per cent said they would consider it. Only two per cent said they wouldn’t recommend making the move. Around 300 Finns living in Estonia were surveyed out of a total of roughly 6,300 that have made the move, equating to approximately five per cent of the Finnish...
22 Apr at 4 PM 2015

Expat couple to star on Channel 5 documentary about demolition of Spanish villa

A British expat couple will appear on Channel 5’s Horror Homes to reveal all about how their dream villa in Spain was demolished. Len and Helen Prior, who were living in the Andalucian town of Vera, saw their villa bulldozed on January 2008 because of “planning irregularities”. Despite being in possession of the required documents which were signed by the local town hall, the Priors, from Berkshire, received a call informing them that their property was to be demolished. Five years on in 2013, Helen told reporters that the...
21 Apr at 6 PM 2015

Half of UAE’s expats thinking about relocating

The United Arab Emirates has long since been a major draw for expats because of the quality of life on offer for qualified individuals in particular, with perks such as tax-free salaries on offer. Such benefits have meant that expatriates could live and work in the Middle Eastern country, earn and save potentially vast amounts of money and enjoy the year-round hot weather, albeit conditions that can sometimes be unbearably hot. In fact, the country is home to so many expats that just 20 per cent of the population is made up by...
20 Apr at 6 PM 2015

British pensioners heading overseas after cashing in on reforms

With the new pension reforms in the UK, British retirees are cashing in and heading to pastures new in foreign lands. Among the main investments pensioners are making after withdrawing substantial sums of money from their savings are holiday homes abroad with, unsurprisingly, Spain being the most popular destination. Chancellor George Osborne introduced reforms earlier in April that enable people over the age of 55 to make unlimited withdrawals from their pensions. Although the majority of people in this bracket are not looking for...