Expat Switzerland News
Latest 10 news items tagged Switzerland
25 Feb at 3 PM 2015
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 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
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 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
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
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
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.
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...
27 Oct at 6 PM 2014
The recently-published annual HSBC Expat survey has revealed that Asian locations offer the most affordable costs of living due to their cheaper accommodation, utility charges and groceries.
The well-regarded survey, based on expats’ ability to afford essential services and goods as well as on average disposable incomes, saw Switzerland
hit the number one position as regards overall quality of life. However, for mere expat mortals rather than retired bankers, Asian destinations won out on sheer affordability.
Thailand and Vietnam...
20 Oct at 6 PM 2014
Problems with retaining bank accounts and complying with complicated regulations are hitting hard on all US expats, but those who emigrated to Canada many years ago are experiencing the worst effects.
Last February, the Canadian government finally signed on to co-operation with FATCA ruling as regards the disclosure of privately held offshore assets belonging to US expats resident north of the border. The steep penalties imposed on non-compliant foreign banks and the mass of paperwork required has led to many US and foreign banks...
16 Sep at 6 PM 2014
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...