Expat Usa News

Latest 10 news items tagged Usa

18 Sep at 6 PM 2014

Singapore to introduce mandatory driving tests for expats

Singapore’s driving rules and regulations are due for an overhaul, with new laws due to take effect from June 2015. Mandatory driving tests will be introduced for all foreign workers whose job includes driving commercial vehicles, and the tests will be backed up by a basic theory exam. Employees holding work permits or the Singapore S-Pass will be subject to both tests, according to the Road Traffic Bill Amendment passed last week, with conversion of home country licenses no longer allowed. The new driving test rules will apply...
18 Sep at 6 PM 2014

Top ten world cities for the ultimate healthy expat lifestyle

Environmental concerns are creeping up the list of must-haves for a successful life overseas, but healthy places to live aren’t just found outside major world cities. A recent survey by CNN News identified no less than 10 world cities which offer a healthy lifestyle for migrants. Surprisingly, the giant metropolis of New York featured in the final list for its facilities and the healthy habits of most of its millions of residents. Given that clean air and water aren’t as pristine in world cities as in the countryside, several...
16 Sep at 6 PM 2014

US renounce citizenship fee soars as thousands leave to avoid FATCA

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...
15 Sep at 6 PM 2014

Scots expats missing out on momentous independence vote

Scots living or working overseas can only watch from the sidelines as the crucial independence referendum threatens to change their home country for ever. Hundreds of thousands of expat Scots are forbidden from making their feelings known about potentially their home country's most momentous decision in several centuries. According to many, watching and holding strong views but unable to make them heard is agony. Confusion, frustration and even homesickness predominate in Scots living in England, Europe or even farther afield, all...
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...
11 Sep at 6 PM 2014

Are expats missing out on value for money healthcare deals

Many would-be expats may be missing out on international value-for-money private heathcare insurance by simply signing a leaver option on their existing package when they retire. The majority of Western heathcare policies, including those which involve employer contributions, allow retirees to carry on with the same cover by simply signing a leaver option form. According to professional associations in the sector, those wishing to retire overseas may be missing out on cheaper but equally relevant deals. Shopping around is...
10 Sep at 6 PM 2014

House prices in Singapore slated to fall 20 per cent by 2016

A recently-published research report by Bank of America Merrill Lynch (BAML) suggests that the price of a home in Singapore is likely to fall by 20 per cent over the next two years. The bank believes that property loan curbs and economic restructuring will continue to drive down house prices until at least 2016, and overkill on population policies will encourage the dominance of the country’s ageing population over an influx of younger expat workers. At the same time, holding back on relaxing property measures may cause a negative...
9 Sep at 6 PM 2014

Expat investors lose 50 million in Isle of Man Louis Group crash

The liquidators of a sector of the Isle of Man-based Louis Group have revealed that millions of pounds sterling are missing from the accounts of the disgraced financial firm. In yet another disastrous indication that the casino culture is alive and well in expat financial jurisdictions, the collapse of the company has resulted in losses to investors of at least £60 million. Just £10 million is left to be shared amongst the 700 people duped, many of whom are UK expats. Most investors put in between 10 and 30 thousand pounds...
8 Sep at 6 PM 2014

Expats in Spain looking to face LMIM and Axiom crooks in court

Expat victims of two massive investment scams, LMIM and Axiom, are targeting the product providers and salesmen whose greed has resulted in the loss of millions-worth of retirement savings. Rogue FAs operating in Spain as well as the product providers themselves are to be named and shamed in court actions. Groups representing the victims of both Ponzi schemes are requesting that the estimated thousands of other victims join in the fight for justice. The LM Investor Victim Centre (LMIVC) has representatives in Spain already working...
5 Sep at 6 PM 2014

UK expats urged to join campaign against bank account closures

UK expatriates facing the closure of their UK bank accounts or refusals to open an account are being urged to join a new campaign aiming to change the rules. During the last several months, Santander and other high street banks in the UK have begun a crackdown on expat account holders and those wishing to either change or open accounts. The reason given is that UK banks are only obliged to provide services to British residents. The move has provoked anger amongst expats living overseas, many of whom have held accounts in the UK for...