Expat Money News

Latest 10 news items tagged Money

15 Feb at 6 PM 2019

Expats in UAE queuing up for second passports and permanent residency visas

As expatriate professionals’ stability and security in the Arab States become more fragile, those with spare funds are rushing to get second passports. A major reason for choosing one expat relocation destination over others is the stability of the country and the security of the job itself as well as the required work visa. Even the most optimistic foreign workers in the UAE would now have to admit the current concentration on dramatically reducing the numbers of expats employed doesn’t represent security and stability. As a...
12 Feb at 6 PM 2019

Brit expats on Spain regret their leave votes whilst Brit ambassador ducks the issue

In a recent BBC Channel 4 News item, British expats in Spain who voted Leave in the referendum admitted they are now bitterly regretting their decisions. Some 300,000 British expats are at present living in Spain, divided into retirees, working professionals, SME owners and students or researchers at Spanish universities. The Channel 4 News report featured a number of Brits settled in and near Alicante on the Costa del Sol, with many admitting they’re now scared for their futures in their chosen country. One interviewee told the...
8 Feb at 6 PM 2019

Venezuelan sex traffickers targeting Brit expats in southern Spain

People-trafficking mafias in Venezuela are targeting the sexual services market in southern Spain, aiming their activities at expats and tourists. Articles in the British press are claiming prostitution arrest statistics are soaring, quoting an astonishing 12,000 per cent increase in victim numbers over the past four years. The modus operandum of the sex traffickers is straightforward, simply involving flying prostitutes from Venezuela to popular expat and tourist destinations and putting them to work. Alicante is a favourite hotspot...
7 Feb at 6 PM 2019

New Europeans pushing Green Card as a solution for Brit expat free movement

Is a European green card the solution for Brit expats’ free movement needs? The idea of a European Green card as a solution to the Brexit removal of British expats’ free movement rights is now gaining ground. Originally put forward by pro-EU campaign group New Europeans, the suggestion is now gaining support from an increasing number of members of the European Parliament as well as from members of the public. Some 57,000 supporters have signed an online petition, with the group’s leaders now being invited to attend a hearing...
6 Feb at 6 PM 2019

Kuwaiti lawmakers hitting out at expats again

Kuwait expats’ favourite lawmaker Safa al Hashem is at it again, claiming the Kuwaiti government isn’t taking any money from the emirate’s large expat population. Al Hashem's main gripe is VAT, which she says is imposed on Kuwaitis at the same time as the government is collecting ‘nothing’ from expats whose numbers are three times as high when compared with the totals of Kuwaiti citizens. Her earlier calls for expats working in the emirate to be taxed for using the streets and breathing the air have made her a long-time...
31 Jan at 6 PM 2019

Hints on helpful websites for new expat arrivals in France

Becoming an expat is a challenge, especially as regards the twin hurdles of bureaucracy and total confusion as regards getting everything sorted. France has always been a favourite destination for British expats, drawn by the culture, the cuisine, the clement weather and the laid-back lifestyle, all of which combine to confuse brand new arrivals however tempting they may sound. Fortunately, especially when dealing with French bureaucracy, the internet is every newly-arrived expat’s best friend with its literally hundreds of online...
29 Jan at 6 PM 2019

UK expats warned again over continuing pension scams

The UK former chancellor’s pension freedom reforms are still being taken advantage of by pension scammers in spite of endless warnings. Chairman of the government’s pensions committee MP Frank Field is warning the so-far toothless defences against fraud are still allowing scammers to take full advantage of UK pensioners at home and abroad. ‘It’s a tragedy for those who’ve fallen for these crooks’, he added. The reforms gave retirees the freedom to invest anywhere and in anything, opening the floodgates for fraudsters to...
25 Jan at 6 PM 2019

Poor work-life balance affects 72 per cent of globally mobile expats

If a recent survey is taken seriously, it would seem almost 75 per cent of globally mobile individuals are less than overjoyed about their work-life balance. The recently-released results of yet another expat survey paint a less than happy picture of life as a globally mobile expat professional. The main issue would seem to be a lack of enough downtime to spend with their families, and loneliness is an equally serious problem for expats travelling alone. In addition, a similar study revealed that those in international assignments...
7 Jan at 6 PM 2019

Expats in Spain warned over new ATM scam

Expats as well as tourists are now being warned over a new cash machine scam. Expatriates living, working and retiring in Spain are being warned to watch out for a new card-cloning device found on ATM machines across the country. Known as a ‘skimmer’, the device is placed over the ATM’s existing card reader slot and copies the details of each card inserted by means of accessing the magnetic stripe. Once the card owner’s details have been recorded, criminals can access all personal banking details including account details and...
31 Dec at 6 PM 2018

Expats in UK living more cheaply due to Brexit

According to a new study, expatriates living and working in the UK are getting more for their money due to Brexit. London is now one of Europe’s cheapest capital cities for expats receiving their pay in euros, due to the Brexit effect on the value of the pound sterling. It’s also a bargain destination for tourists. Formerly, London’s bad reputation for being one of the costliest world capitals for relocating expats caused international corporations to calculate carefully before deciding on reassignments from outside the UK,...