Expat Moving News
Latest 10 news items tagged Moving
24 Feb at 6 PM 2014
Most expat parents living and working overseas do their best to get their children an international education, but the soaring costs of private school fees are becoming hard to meet.
A recent study by a leading expat bank has revealed that, however hard expat parents try to give their children the stability of a private school education, at least a third are being forced to consider removing them from their exclusive schools. Fees are believed to have risen by at least 25 per cent since 2009, and expat salary packages in general have...
18 Feb at 6 PM 2014
Initiated by the Republican party, the protest against the US government’s Foreign Account Tax Compliance Act (FATCA) has spread across the world via a social media protest site.
The controversial tax information-swapping agreement, supported by President Obama, is intended to clamp down on US citizens living abroad as well as resident taxpayers with investments and overseas cash holdings. Foreign financial institutions are being forced under threat to report all details of bank accounts and investments held overseas by US citizens...
17 Jan at 6 PM 2014
Over five years after the Madoff case hit world headlines, small-time fraudsters continue to trap unwary investors, with expats especially at risk.
Enforcement agencies in first world countries are upping the ante and catching more scammers than previously, but in many popular expat destinations as well as in the USA and UK, it’s business as usual from the fraudsters. A recent arrest in Indiana, USA involved an FA who’d defrauded his clients out of millions of dollars through dodgy deals.
Global investment firm CEO, Daniel...
30 Dec at 6 PM 2013
Laws in Spain can be somewhat confusing and, although the vast majority of expats lead an impeccable life, it’s embarrassing to be caught out unintentionally.
The law as regards identification cards is one such example, and many long-term expats will remember an attempt by the government to provide a card to those who qualified as residents. The card showed an ID number, fingerprint and a photo of its holder, and proved useful in stores, banks, government offices and on domestic flights.
However, expat whines that having EU...
27 Dec at 6 PM 2013
New research has revealed that more than half of the total number of workers have two or more pensions, and those over 51 have four or more, making financial planning in retirement less than straightforward.
The survey was undertaken as a response to the system proposed by pension minister Steve Web of migration of occupational pensions into a single fund. Many thousands of those in occupational pension schemes either abandon them when they move jobs or have no idea who is managing the fund or how to access their details.
21 Dec at 6 PM 2013
UK expats returning home after living or working overseas for three months or more are due to be hit by the same benefit restrictions as will apply to immigrants from Romania and Bulgaria.
In a bid to dissuade Bulgarians and Romanians from coming to the UK for work and claiming benefits, the Department of Work and Pensions has introduced new, restrictive rules which will also apply to UK nationals returning from overseas posts or time abroad. The reruenting UK expats will be affected as the government is unable to discriminate between...
5 Dec at 6 PM 2013
For newly arrived expat employees, the most tricky part of moving
to a new country is learning the language and finding a home without the assistance of their new employer.
A recent survey conducted by Lloyds Bank International has revealed that many overseas employers fail to give new expat staff any help in settling in to their new host country. As many as 25 per cent of those surveyed were given no payment towards the cost of moving
nor any help in finding suitable long-term accommodation, and 68 per cent had no help in finding...
5 Nov at 6 PM 2013
Just a week after a small group of Saudi women took to their cars in a high-profile protest against the kingdom’s female driving ban, a Kuwaiti woman driving her father to hospital was detained by Saudi police.
The woman, as yet unnamed, was stopped by police close to the Kuwaiti border and detained for breaking the ban on women drivers in Saudi Arabia. She told police she was attempting to get her diabetic father to hospital, but was detained and is being held in police custody pending an investigation.
Reports indicate that...
18 Oct at 6 PM 2013
A favourite destination for expats from across the world, the Cayman Islands’ reputation as a modern paradise is being threatened by the erosion of its tax-free status.
Warm, azure seas, perfect white-sand beaches, a friendly, international offshore community and most importantly, a tax haven, the Cayman Islands chain is traditionally regarded as paradise on earth for those wealthy enough to be able to be residents. However, during the last decade, the expat community has noted a change in local peoples’ attitudes, with the change...
2 Oct at 6 PM 2013
For prospective expats whose home countries provide state-supplied healthcare, it’s tricky to determine the level of medical insurance necessary in the new country.
overseas on a fixed contract which includes health insurance as one of its benefits are fortunate, as their new employer will be aware of local medical costs. For retirees, however assessing future medical needs and their costs may be more complicated.
For older expats, chronic heathcare costs should be built in to private medical insurance, as packaged...