Expat Thailand News

Latest 10 news items tagged Thailand

28 Oct at 6 PM 2014

US expat woes increase thanks to FATCA

A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements. The complications of endless form-filling, the threat of being barred from opening local bank accounts and the invasion of personal financial privacy have already resulted in an unprecedented number of US expat citizens giving up their passports. According to the survey, 73 per cent of respondents admitted...
27 Oct at 6 PM 2014

Survey shows Asian hubs offer more bang for the expat buck

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...
21 Oct at 6 PM 2014

Expats turn their backs on international medical insurance due to soaring costs

A recent survey revealed that 25 per cent of UK expats no longer believe that costly international medical insurance is a necessity. Factoring in the ever-increasing expense of international health insurance is a headache for all but the wealthiest of expats, wherever in the world they’ve decided to make their new homes. Overseas private hospitals, especially in Asian countries, are businesses first and healthcare providers second. The 75 per cent of participants who bought health insurance seemed satisfied with the service...
15 Oct at 11 AM 2014

Foreign countries ramp up incentives to attract expat retirees

Senior citizens in first world countries such as the UK and USA are being offered a variety of retirement incentives such as tax breaks and easy visa options by an increasing number of states worldwide. The value of would-be expat pensioners to second and third world economies seems at last to be obvious to a good number of far-flung yet attractive destinations’ governments. American expats started the trend with an exodus across the country’s southern border to Mexico, with Ecuador now a favourite for its cheaper expat mortgages,...
14 Oct at 6 PM 2014

British banks closing accounts held by expats with no UK address

The recent move by British banks to close down long-standing current accounts owned by UK expats is causing major problems in overseas retirement destinations. A number of British banks, including Santander and Lloyds, have recently closed down the current bank accounts of expats living overseas, giving them little time to rearrange their finances and causing problems with pension payments, overseas withdrawals and purchases in the host country. The majority of destinations popular with UK expat retirees and those working on contract...
22 Sep at 6 PM 2014

Expats in Thailand worried about long term stay prospects under junta

For decades, Thailand has been a favourite expat destination for Westerners due to its relaxed immigration rules, great weather and exotic culture, but the dream may be about to end. Traditionally, immigration laws were interpreted loosely, allowing long-term stays on short-term tourist visas for those not married to Thais or ineligible for retirement visas. Since the military took over the running of the country last May, long-forgotten rules have been brought out, dusted down and applied with rigorous intent by immigration police....
12 Sep at 6 PM 2014

Is private health insurance really necessary in Thailand

Most expats arriving in Thailand have been used to paying for private heathcare in their home countries, but is the expense of an international healthcare plan really necessary in Thailand? Due to its recent Westernisation, low cost of living and great weather, Thailand is an ever-popular destination for expats from Australia, the UK and the USA. As a result, heathcare, access to Western foodstuffs, Western-style restaurants and the latest in consumer comforts are easily accessed. Along with massive shopping malls and Thailand’s...
5 Sep at 6 PM 2014

Expat and UK resident investors slate life companies over LMIM losses

As lawyers in the UK and Australia prepare court cases on behalf of victims of the largest financial scandal to hit Australia in decades, many are accusing life companies of a lack of due diligence. The failure of LMIM and its Managed Performance Fund (MPF) has devastated savers and investors in expat locations such as Hong Kong, the UAE, Thailand and the rest of Southeast Asia as well as many in the UK, Europe and Australia. Total losses are running at around AU$369 million, and investors have been warned to expect no more than five...
25 Aug at 6 PM 2014

New online map charts British Curriculum schools across the world

A new, fully comprehensive map shwoing the location of schools offering the British Curriculum has been launched online and is aimed at helping expat parents world-wide to find the best international schools for their children. The British Curriculum is considered to be the prime educational system for UK expat children whose parents are or are planning to work in diverse overseas regions. It’s not offered at all international schools, but is essential for British youngsters who will be returning to the UK for further...
8 Aug at 6 PM 2014

Do retirement dreams fade after second thoughts kick in

Survey after survey indicates that an increasing number of Brits can’t wait to retire overseas, but second thoughts later in life can wreck the dream. One recent study revealed that around six million British citizens are eager to move to other countries for a variety of reasons. However, many are younger people who find that, the older they get, the less they can face up to the challenges involved. In the real world, retirement overseas has its pitfalls, most of which can be avoided by careful planning and a large dose of...