Expat Thailand News

Latest 10 news items tagged Thailand

29 Jul at 6 PM 2014

UK government inquiry told EU wide misselling redress needed

As complaints against the mis-selling of financial products soars across European states, a UK Parliamentary enquiry has been advised that an EU-wide mechanism for consumer redress is badly needed. Although EU law on consumer protection has been updated since the 2008 crash, redress for consumers with mis-sold financial products has remained the responsibility of separate member states. At the present time, the UK Financial Ombudsman is handling a massive number of claims relating to both banks and FA firms accused of ignoring due...
23 Jul at 6 PM 2014

Unofficial expats in the Land of Smiles rush to get legitimate stays

Expat life on the sun, sea and sand Thai island of Phuket just got complicated for expats without long-stay or tourist visas. For a decade or more, immigration authorities have turned a blind eye to visa runs across Thailand’s border by expats unable to get annual visas. Many foreign travellers arrive in Phuket on visa-exempt entries and decide to stay longer, with back-to-back border runs their only option. However, Thailand’s new military government threw a large rock into the established Phuket expat pond with its recent...
17 Jul at 6 PM 2014

Thailand visa crackdown causes fear and confusion

Long-stay travellers, tourists wishing to extend their stay and expats in Thailand are faced with a crackdown on the interpretation of tourist visas. Formerly, many longer-stay tourists and expats in the kingdom were allowed to make regular border runs to Laos, Myanmar or Cambodia to top up their visitor visas. Short-stay tourists wishing to visit attractions such as Cambodia’s Angkor Wat also used border crossings for a two or three day visit, returning to Thailand to continue their holidays. The crackdown, announced by the...
15 Jul at 6 PM 2014

Skipton offer expat buy to let mortgages on selected UK properties

Skipton International, the offshore Channel Islands base of the well-known high street building society, is now offering expat mortgages on UK buy-to-let properties. Including UK buy-to-let options in expat pension planning has traditionally been tricky for those requiring mortgages, but the recent rise in UK property prices has encouraged a few offshore banks to offer the service. Skipton is the latest to jump on board with its plan for UK citizens living and working overseas. The scheme is available to native UK citizens only,...
7 Jul at 6 PM 2014

Expats in Thailand living with uncertainty after military takeover

Western long-term retirees and expats legally married to Thais are fearing repercussions to their visa statuses following the recent military takeover. The recent panicky departure of over 200,000 Cambodian workers back across the border has increased expat fears that immigration crackdowns may be expanded to include those on marriage and retirement visas. One English language newspaper recently published a plea on its postbag page from a concerned expat with a Thai wife and family. The writer asked why contributions to the Thai...
30 Jun at 6 PM 2014

Gallup poll celebrates Cambodia for happiness and relaxed lifestyle

In spite of its present government and developing nation status, a recent happiness poll has marked Cambodia as a place where positive emotions predominate. Cambodia’s position in Gallup Poll’s recently released Positive Experience Index might come as a shock to its neighbour, Thailand, now experiencing its 18th military coup since 1932. The poll suggests that the title ‘Land of Smiles’ may now be awarded to the next-door country as 72 percent of Cambodia’s population say they are happy with their lives. The global...
25 Jun at 6 PM 2014

Are Thai coastal resorts becoming the Costa del Crime of Southeast Asia

British expats may well remember that, back in the day, Spain’s Costas were the destination of choice for the UK’s most-wanted criminals, including the infamous Great Train Robbers and various East End mafia dons. Apparently, a dodgy UK passport and an offshore bank account stuffed with ill-gotten gains was all that was needed to escape being ‘banged up’ for at least several decades. The advent of modern technology and the European Union put paid to such shenanigans, with many notorious villains ending up with a forced holiday...
18 Jun at 6 PM 2014

Action group for Costa del Sol expats ripped off by FAs

Expat investors living in Spain’s popular Costa del Sol started their own action group in 2008 after losing millions to unregistered, unregulated financial advisors targeting the mostly retirement communities. Six years later, the main aim of the group remains the same: the outing of unlicensed, unpricipled FAs mis-selling unsuitable products to the unwary and backed up by the offshore product providers themselves. The group’s online magazine, entitled ‘The Sharks Exposed’, details the total lack of protection for expat...
18 Jun at 6 PM 2014

New measures to assist UK expats caught up in passport chaos

UK expats caught up in the ongoing passport renewal chaos are being offered easier options as regards the already introduced one-year passport extension. An announcement by the British Passport Office has confirmed the availability of the free one-year passport extension for all UK citizens living overseas and needing passport renewals. For those living in a majority of overseas locations, a visit to their nearest British embassy will be all that is needed to get the extension, although documentary requirements haven’t yet been...
5 Jun at 6 PM 2014

Research shows £15000 a year gives a happy retirement

One of pension savings’ great mysteries is how to calculate exactly how much income per year equates to a comfortable retirement. A recent industry study in the UK concluded that an amount of £15,000 per year was enough to keep the average pensioner happy, and that contentment tended not to rise with an improved level of income. The National Employment Savings Trust, the author of the reports, might be surprised to discover that the amount barely covers the total monthly expenses of the average British retiree. The Trust might...