Expat Money News

Latest 10 news items tagged Money

16 Oct at 6 PM 2018

Controversy surrounding Golden Visas causes calls for more control

Recent publicity surrounding the controversial subject of Golden Visas is resulting in calls for more control over their issuance. EU lawmakers are now calling for tighter controls over the so-called Golden Visa purchases of second passports and residential rights in exchange for cash. Major concerns about the second passport schemes are centred around the likelihood of money-laundering, especially since a spate of scandals concerning Malta, Estonia, Denmark and Latvia came to light. It has to be said that it’s not clear whether or...
9 Oct at 6 PM 2018

Britons in Europe considering returning to the UK

Although it hasn’t had much in the way of press coverage, the decision to sell up and go home is being widely discussed within the British expat community across Europe. The discussions concern the fluctuating exchange rate, the uncertainty of the UK’s economy in the immediately post-Brexit future and the perceived value for money of UK property, as well as the likelihood of being able to survive in the UK on the measly state pension. At the present moment, the pound/euro exchange rate is hovering around 1.138, a significant 20...
9 Oct at 6 PM 2018

Saudization sackings resulting in abandoned pets

Animal welfare workers in Saudi are being swamped with unwanted dogs and cats as locals and expats abandon their pets. Dog and cat dumping in the Kingdom is now at record levels, exacerbated by expats returning to their home countries and rising costs making keeping and feeding pets an impossibility. Other reasons include noise complaints from neighbours, health problems needing expensive veterinary visits and new allergies. Other dog owners simply didn’t realise keeping a pet is a responsibility, giving up at the first sign of...
4 Oct at 6 PM 2018

Brit pensioner and Thai wife steal cash and mattress from neighbour

A British expat retiree and his Thai wife have been arrested after being caught on camera stealing a mattress and cash. Sidney Michael Edwards and his wife Phensakao Nasok were arrested in a Pattaya rooming house last week after being caught on CCTV whilst stealing 126,000 baht (£3,000) and a mattress from an adjacent rented room. The couple. from Thailand’s Mukdahan province. had been staying in a rented room in Pattaya next door to another room rented by a Briton who was on holiday in Cambodia at the time. When he returned to his...
4 Oct at 6 PM 2018

Spanish police commissioner confirms Estepona is hub for international criminals

According to Spain’s commissioner of police, violent crimes including shootings are the norm in Estepona. Commissioner Fernando Calleja made his comments in the morning of the day when hundreds of expats, citizens and tourists fled in panic after hearing shots and witnessing a kidnapping from a beachside restaurant at 10.45 that night. He reported that, due to the huge amount of money to be made, the popular destination is a hub for criminals who steal everything from suitcases to valuable watches, jewellery and cash from residents...
3 Oct at 6 PM 2018

Half UAE total wealth owned by just one per cent of residents

As the super-rich in the UAE get even wealthier, a report has revealed they control over half the emirates’ total wealth. It’s well-known that the UAE acts as a magnet for multi-millionaires, with a recent report admitting that just one per cent of the entire population owns 51 per cent of the combined wealth of the emirates. The lucky few, known as High Net Worth Individuals, are the US dollar millionaires with investments, bank deposits, cash, properties and other tangible assets worth at least one million and usually far more....
3 Oct at 6 PM 2018

Expat houseboat owners in Discovery Bay given three months notice

Enterprising expat professionals who’ve found a way to minimise their rental costs in Hong Kong are now being evicted. The marina in Hong Kong’s Discovery Bay is packed out with houseboats, many of which are owned by members of the city’s expat community. Around 180 families live on the water, saving money on Hong Kong’s sky-high rental charges and enjoying a unique way of life. Sadly, it’ll be over soon, as all have received totally unexpected eviction notices, informing them the Discovery Bay Marina Club will be closed...
27 Sep at 6 PM 2018

Abu Dhabi abandoned dogs fed nightly by expat volunteer

An expat in Abu Dhabi who volunteers with a local dog shelter has been driving every night to the rough desert lands around Abu Dhabi Industrial City to feed the increasing number of abandoned dogs gathering in the area. After he’d seen abandoned dogs close by a factory he’d visited last year, Zeeshan decided to volunteer with charity Animal Action Abu Dhabi. Since then, he’s been driving into the sparsely populated area with as much food as he can gather together to ensure the dogs have at least one good meal a day. After...
27 Sep at 6 PM 2018

British expat living in Siberia forced to sleep rough in Russian airport

British pensioner Steve Beard was forced to sleep rough in a Russian airport after falling foul of Russian immigration on his way to London. Ten years ago, Steve met his Russian future wife online on a dating website, fell in love and abandoned his home country for a village in the wild wastes of Siberia. He married his schoolteacher turned business owner sweetheart and they now have an eight-year old son. His problems began when he decided to fly back to the UK to attempt to get his UK state pension sent to his Irkutsk region...
26 Sep at 6 PM 2018

Is reality dawning about the UAE expat retirement visa?

Is the new UAE retirement visa really an opportunity for older expats, or is it simply smoke and mirrors? In the weeks since the surprise announcement that the UAE is to offer 5-year retirement visas to qualifying expats, reactions from within the expatriate community have veered from positive through maybe to uncertainty about what happens after the five years are up. A new take on the offer asks whether the new law really does breach the gap between reality and fantasy, taking into account the fact that many expats spend almost all...