Expat Usa News

Latest 10 news items tagged Usa

17 Oct at 6 PM 2014

Survey results urge expats to be informed about financial matters

An expat survey conducted amongst new arrivals by the Bank of Canada emphasises that, wherever you decide to settle, getting money matters straight is essential. Although the survey focuses on Canada, its conclusions hold true in all expat destinations worldwide. New arrivals face similar financial challenges wherever they decide to live, and simple mistakes can ruin lifestyles and cause huge losses. Factoring in expenses such as the actual cost of the move itself or transporting pets as well as people often aren’t taken into...
17 Oct at 6 PM 2014

Female expat in Spain accused of property fraud still on the run

Whilst most expat attention nowadays is focused on how to avoid financial fraud, a British expat is on the run in Spain after being accused of a long-term rental property scam. Many expats don’t realise that life in paradise can swiftly turn to life in hell, often with the assistance of seemingly trustworthy business people from their own home country. Rebecca Wells, a keen horserider from the UK, provides a perfect example of the kind of helper no-one needs, having gone on the run after being accused of property fraud. Wells...
16 Oct at 6 PM 2014

Christchurch rebuild halves emigration from New Zealand South Island

Ever since the rebuild of earthquake-devastated Christchurch began, Kiwi expats have been returning to help, with nationals who’d planned to migrate also joining in the reconstruction of their much-loved city. Migration from New Zealand’s South Island has almost halved during the past two years, with locals joining with incomers from overseas. Everyone wants to be a part of of the rebirth of a city, with experienced expat construction engineers, experts and craftsmen in the building trade all working hand in hand whatever their...
15 Oct at 6 PM 2014

New QROPS opportunities for Brit expats in USA

Over the past two years, the use by US residents with UK pensions of Qualifying Recognised Overseas Pensions Schemes (QROPS) has been complicated by the IRS’s objections to the scheme. For several years after the introduction of QROPS in 2006, UK pension funds were unable to be transferred to similar US schemes, even although HRMC had recognised the USA as a pension transfer jurisdiction. In addition to the unwillingness of US federal law to recognise the scheme, Capitol Hill continued to judge the UK pensions market as overly...
15 Oct at 6 PM 2014

Irish con man in Spain outed by sharp eyed expat pensioner

An Irish conman who preyed on wealthy widows and pensioners has been outed on the Costa del Sol by a sharp-eyed 71-year old who’d met up with him via an online dating site. 60-year old Sean Whelan’s seductive online and offline charms had already cost a Florida woman her life savings of around £70,000 after they’d met on another dating site in 2007. The slick fraudster flew to Florida, proposed marriage, then offered to invest her savings in a Mauritius bank but fled back to Dublin with the cash. Presumable down to his last...
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,...
15 Oct at 10 AM 2014

Are protests affecting the Hong Kong expat community

Expats in Hong Kong are now living through an unprecedented level of protests against China’s Communist rulers, but how is the seemingly unresolvable drama affecting the expat community? Started, as are many similar events worldwide, by local students and now spread to hundreds of thousands of Hong Kong citizens who value their island’s democratic basis, the protests are certainly making everyday life difficult for the city’s large expat community. Few Westerners are seen in the morass of people, but many are forming their own...
15 Oct at 10 AM 2014

UK FCA sets up website to help investors identify financial scams

As part of yet another warning against financial scammers, the UK’s Financial Conduct Authority has set up their Scamsmart website in order to help unwary investors identify cold-calling fraudsters . The website was developed using monies recovered from the criminal element operating within the financial advice sector, and concentrates mainly on cold-calling by fraudulent FAs. Online redirections send investors to the authority’s scam alert list of dodgy operators of cloned companies and unregistered advisors with a murky history....
14 Oct at 6 PM 2014

Portugal the ideal destination for expat retirees

The search for the perfect overseas retirement haven is crucial to many retirees’ plans for the future, and involves finding a dream home in a sunny, friendly environment such as Portugal’s romantic Algarve region. Known for several decades by literally thousands of UK expats as a great place to live, a recent survey has identified the Algarve as an all-time favourite. Its medieval cities, coastal fishing villages and small towns, local markets, delicious food and wine and warm weather are all topped off by friendly, established...
14 Oct at 6 PM 2014

Spanish expat haven popularity under threat from Portuguese tax deal

In a bid to attract expats away from neighbouring Spain, Portugal is offering a new tax exemption scheme eliminating double taxation of any income from overseas. The new tax deal means that all income from overseas sources, including pension payments, will not now be subject to double taxation for at least 10 years. The scheme will apply to new arrivals who have not been resident in the country during the previous five years, although top-level professionals such as engineers, professors and technicians working within Portugal will be...