Expat South America News

Latest 10 news items tagged South America

7 Jan at 10 AM 2015

Ecuador tops list of retirement havens

The South American nation of Ecuador has been ranked the best place to retire abroad, with Latin American countries dominating the list. The International Living magazine’s Annual Global Retirement Index looked at factors such as cost of living, healthcare and climate in ranking a total of 25 popular countries among expat retirees on the overall quality of life offered. Although prices in Ecuador are on the up, there are still many excellent real estate deals available, according to the senior editor at InternationalLiving.com,...
19 Dec at 12 PM 2014

Uruguay: Lebanon Foreign Minister urges expats to buy Lebanese products

Lebanese Foreign Minister Gebran Bassil wants to see Lebanese expats in Uruguay spending their money on things produced in their homeland, noting that the recently-signed free trade agreement (FTA) with Latin America would make importing such goods all the more easier. During a meeting on Wednesday with a delegation of Uruguay-based expats, Bassil explained that the free trade deal with Latin America’s Mercosur countries would “facilitate trade” between their country of origin and the sub-regional bloc, which includes, Brazil,...
13 Nov at 2 PM 2014

Taiwan best place for expat healthcare

Taiwan has been named the number one country in the world for expats in terms of having the cheapest and best medical facilities, according to a new survey. The research showed that almost seven in 10 expats in the east Asian country said healthcare costs them less than it did before they moved there - in comparison to the global average of three in 10. Furthermore, nearly two-thirds of expats in the country said the healthcare there was better than it was in their homeland, compared to the global average of just under four in 10. The...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...
16 Sep at 6 PM 2014

US renounce citizenship fee soars as thousands leave to avoid FATCA

The fee payable to the State Department by US citizens wishing to renounce their citizenship has soared by over 400 per cent since the introduction of the FATCA reporting system. Originally just $450, the charge for renouncing US citizenship now stands at $2,350. State Department officials claim the new amount represents the actual cost of the procedure and are admitting that demand for the service is at an all-time high. In some regions, the US Consular waiting list for the required expatriation interview is now six months or...
25 Mar at 6 PM 2014

British international schools abroad overrun by local students

International schools across the world, started for the purpose of teaching expat children a British curriculum, are now being overrun by local students. A recent study has revealed that some 80 per cent of places in overseas international schools are being grabbed by wealthy local people for their children. Expat families living and working overseas are gradually losing out on the chance to standardise their kids’ education in preparation for their return to UK schooling. Increasing growth in the market is noted in the Middle...
23 Jan at 6 PM 2014

Son of Harlequin Property CEO denies Ponzi scam

As the result of an investigation by the UK Financial Conduct Authority and fraud investigators, Michael Ames found himself in a London court today on charges of running a Ponzi scheme. Ames, the son of Harlequin Properties CEO, David Ames, was charged with fraud in December 2012. The charges related to a £1.6 million Ponzi scheme involving two green investment schemes, the Investor Club and Forestry for Life. Investors were snared by glossy brochures containing quotes from Prince Charles along with references to the Kyoto...
14 Jan at 6 PM 2014

Expat oil and gas workers heading home in dramatic industry turnaround

Cross-border travel has been the norm for oil and gas workers looking for lucrative expat assignments overseas, but many are now returning to their home countries. Although high salaries and acceptable working conditions are still the norm in the worldwide industry, many Australian, American and Brazilian expats are giving up overseas work and heading home. Specialist recruiters say that visa restrictions are the main reason for the exodus. Now that oil and gas workers with on-the-job experience in overseas locations such as the...
1 Jan at 6 PM 2014

UK Electoral Commission aims to triple registrations by expat voters

The European Parliament elections in the UK are due to take place on 22 May 2014, with the Electoral Commission campaign aimed at encouraging expats in Europe to vote. Provided they are registered as overseas voters, have not been out of the UK for more than 15 years and are not registered to vote in the member state where they are domiciled, expats are entitled to vote. However, only a relatively small percentage are actually registered to do so in the UK. According to Rosemary Davenport, speaking for the Electoral Commission,...
7 Oct at 6 PM 2013

Expat property purchase patterns changed by residency visa offers

Since Spain introduced its offer of a residency visa for non-EU citizens dependent on a property purchase of over €500,000, real estate professionals have seen a change in expat buying habits. Buyers from the UK still make up a good proportion of property purchases in France, accounting for 20 per cent of real estate deals. Brittany, Normandy, Midi-Pyrenees and Aquitaine are favourites, with Italian buyers concentrating on Paris and Provence. Real estate prices are still falling in France, giving a good choice of properties and...