Expat Switzerland News

Latest 10 news items tagged Switzerland

25 Mar at 3 PM 2015

Dual citizenship to be granted to Sri Lankan expatriates

A minister from the government said that, from Monday 23rd March, expatriate Sri Lankans would be able gain dual citizenship due to a new administrative procedure. Those able to take advantage of the new procedure will be those who have emigrated to Canada, the UK, the USA, New Zealand, Australia, Sweden, France and Switzerland. On Monday, John Amaratunga , the Minister of Public Order, Disaster Management and Christian Affairs, said there would be a Rs. 50,000 – 250,000 fee for the application procedure. Those wanting to be...
18 Mar at 6 PM 2015

Spending Power Decreases for Expat Pensioners

According to a recent survey, two thirds of pensioners are now less financially well off compared to ten years ago. Equiniti, a pension payments firm, have looked into how pensions being paid in Sterling compare to other currencies. With the majority of the firm’s 60,000 clients living in the Eurozone, this is bad news although the growing pound enables people to enjoy a higher exchange rate in other countries. Over the past year, the pound has increased 10 per cent in value against the euro, yet the pensioners are worse off...
5 Mar at 6 PM 2015

Copenhagen high on quality of life for expats

Although Copenhagen is among the world’s most expensive cities, it also offers one of the highest qualities of life – if you can afford it of course. Not long after The Economist ranked it as the eight expensive city to live in in the world, it has been named as the ninth best to live in. The latest Mercer quality of life survey was dominated by European cities, with the Austrian capital Vienna topping the list followed by Zurich in Switzerland. Meanwhile, German cities Munich, Dusseldorf and Hamburg claimed the fourth, sixth...
25 Feb at 3 PM 2015

Expats see rise in pension income but it remains lower than a decade ago

Retired Brits overseas are currently feeling the benefits from the pound’s strengthening, but two-thirds are not as well off as they were 10 years ago. Pension payment firm Equiniti, which deals with more than 60,000 retired Brits abroad, said that expats are currently enjoying a boost in income due to the rise of the pound, but most remain worse off than they were in the mid-noughties. The majority of the 60,000 retirees that Equinity manages pension payments for are in the Eurozone, where even though the British currency has...
9 Feb at 4 PM 2015

Ecuador again scores highly in expat index

Ecuador has been named the best place to live and work as an expat, according to a recent InterNations survey. The report, The World Through Expat Eyes, quizzed more than 14,000 people on why they relocated, how life abroad was and how happy they were, and found that the South American country came out on top ahead of Luxembourg and Mexico respectively. InterNations took 61 one popular countries among expats into account, rating them on a number of factors including ease of settling in, overall quality of life, how welcoming they...
30 Jan at 4 PM 2015

Number of Swiss outside the country continues to rise

The number of Swiss expats increased to nearly 750,000 in 2014, an increase of two per cent from the previous year. Some 14,276 Swiss citizens left the country last year, taking the official total living abroad to 746,885, according to the Federal Department of Foreign Affairs. The number also includes Swiss nationals working at embassies or consulate generals overseas. A large number of the new expats have chosen to live in neighbouring countries while continuing to work in their homeland because of the lower costs of living...
26 Jan at 2 PM 2015

Copenhagen and Bern lead the way in expat liveability index

Copenhagen and Bern are the easiest places for Europeans to relocate to, according to a new index by ECA International. The organisation, which advises firms on posting workers on foreign assignments, evaluated more than 450 locations across the world. Among the things it evaluated were: the lifestyle on offer in a city; the availability and cost of housing and utilities; the availability of health services; the climate; political tensions; the quality of air; personal safety; and infrastructure. ECA noted that that factors such as...
6 Jan at 9 AM 2015

US expat in Switzerland abandons citizenship mission after 43 years

A US expat who has been living in Switzerland for 43 years says he has finally given up hope of become a citizen of the country. Seventy-six-year-old Irving Dunn, formerly a professor at the landlocked country’s top university, explained that he was abandoning his second citizenship application because he would have to fork out 3,100 Swiss francs on top of the 3,600 francs he paid for his first application, which was rejected. Dunn, a retired chemical engineering professor and researcher at the Federal Institute of Technology...
8 Dec at 2 PM 2014

British expat has missing wallet returned after 18 years

UK expat Colin Mendoza got an almighty shock when police in Switzerland contacted him to say they had his missing wallet and passport – 18 years after he lost them on a train in the country. Mendoza fell asleep on a train journey from Zurich Airport to Geneva in 1996, and didn’t realise he had left his wallet on board until after getting off. He immediately reported that it was missing to police, before having to get a new passport as well as cancelling credit cards and ordering new ones. However, nearly two decades later,...
29 Oct at 6 PM 2014

US Justice Department cracks down on Swiss banking privacy

Swiss banks are being hounded by the US Justice Department to reveal all details of USA citizens’ secret accounts. Prosecutions as well as FATCA are being used to force traditionally private Swiss banks to give up the full details of money in accounts held by expats attempting to avoid paying tax in their home country. Switzerland was one of the last countries to sign up for the controversial US Foreign Account Tax Compliance Act. Credit Suisse and USB were the first banks to be hit by billions in fines for not revealing the full...