Expat Switzerland News
Latest 10 news items tagged Switzerland
6 Dec at 6 PM 2013
Migrants leaving the UK for overseas jobs many never intend to return, but the final decision to stay or go may depend on whether they have a pension in their host country.
It seems that deciding to make a permanent commitment to your host county at the end of a career is easier if you have opted into a pension scheme in your overseas home. Taking this step tends to indicate that there’s enough which is good to encourage staying for the rest of your life.
The latest HSBC Expat Explorer survey indicated that, for UK citizens,...
26 Nov at 6 PM 2013
Results of a recent survey on salary trends suggest that expats working in Latin America will see the highest salary increases in 2014.
The Salary Trends survey, initiated by ECA International, revealed bad news for UK employees, who may only receive 3 per cent rises, if any at all. With inflation in the UK taken into account and the recent swinging increases in power prices and commuter rail tickets, it seems British workers will feel no relief from hard times.
The UK is second only to Finland as regards the miserliness of...
31 Oct at 6 PM 2013
Five Asian destinations swept the board to take top ratings for quality of expat life in the 2013 Expat Explorer survey.
The results of the 2013 version of HSBC International’s well-known Expat Explorer survey celebrated no less than five Asian destinations as tops for expat quality of life, integration and ease of setting up. Thailand ranked as number one, with China, Singapore, India and Taiwan taking third, sixth, seventh and eighth positions in that order.
According to respondents resident in the Asian countries, it’s...
16 Oct at 6 PM 2013
Most children of expats working abroad are sent to local international schools, but boarding schools in overseas location may have their advantages.
Wherever in the world you’re living, expat life gives you a unique chance of becoming a true global citizen, but deciding on the best education system for your children can be a strain. Many expat workers on shorter-term contracts in exotic locations prefer to send their youngsters to boarding schools in their home countries, especially if the location is less than safe or very remote...
10 Oct at 6 PM 2013
A new take on business networking by British expats has spread to 12 world countries via very expensive ponies, kit and exclusive polo clubs.
Exclusivity in the expat business world has taken on a new format due to British Polo Day, the brainchild of a premium brand promotion specialist. Ed Olver, CEO of the relatively new company, saw his innovative idea go global in 2012 with polo matches being held in 12 countries including the USA, Singapore, France and China.
According to Olver, the lobby of a five-star luxury hotel has lost...
27 Sep at 6 PM 2013
Although sorting out driving necessities before leaving for an overseas post or new life isn’t top of the average expat to-do list, it’s wise to get an idea of local requirements as well as driving standards.
Getting mobile in your new country makes settling and equipping your new home far easier, and those moving to from the UK to other EU member states, EEC countries or Switzerland
will find their British driving license is all they need at first. For those travelling to other world countries, it’s best to equip yourself with...
3 Sep at 6 PM 2013
Uncertainty over the future of Switzerland
as a tax haven for wealthy expats is causing a sharp fall in Geneva’s real estate market.
For 150 years, Switzerland’s tax breaks and secrecy have attracted the seriously wealthy to its manicured cantons with their exquisite, expensive mansions. The system allows foreigners exemption from wealth and income taxes, replacing them with a flat fee calculated on the annual rental value of their homes.
Ordinary canton and federal tax rates are applied to the estimated rental value, and no...
19 Aug at 6 PM 2013
Thousands of expats in Cyprus who purchased residential property or second homes on the island with mortgages hedged against the Swiss
franc are faced with losing everything.
Between 20,000 and 30,000 homes valued at millions of pounds are involved in the scandal, which broke when island banks demanded that the full amount due on the mortgage loans be repaid. Expat owners of the properties were encouraged at the time of purchase to hedge the risk with Swiss
franc loans, but the collapse of the euro against the rising Swiss
18 Jun at 6 PM 2013
Expat pensioners living all over the world have lost billions of pounds sterling due to the weakness of sterling and fluctuations in currency exchanges.
According to a leading currency exchange company, British pensioners living overseas have been hard hit since 2007 when the £ sterling was hit by the financial crisis. Currency fluctuations since the crisis hit have exacerbated the problem, as shown in a recent survey.
The maximum amount calculated to have been lost is around a stunning £10.6 billion, based on analysis of...
10 Jun at 6 PM 2013
As currency variations threatening expat lives across the continents and crackdowns on immigration and work permits causing relocations, a new survey has identified the world’s 10 most expensive cities.
The ECA International Survey found that Tokyo, considered the world’s most expensive city for three years, has been toppled from its unenviable number one position by Oslo, the capital of Norway. Reasons given were the high cost of labour and production in the Norwegian city, which drove prices to new heights in 2013.
A beer in...