Expat Money News

Latest 10 news items tagged Money

16 Jan at 6 PM 2020

Expat driving licenses and Kuwait residency permits now automated

Following the successful introduction of online driving permit renewals, Kuwait is planning to extend the facility. According to a source, since the programme’s launch in November last year, a total of well over 17,000 residents including expats have applied online, been accepted and have collected their licenses from machines set at two malls and the Ministry of the Interior’s service centres. Fines for violation can also be cleared at the locations, and a similar service is set to offer new licenses, licenses for learner drivers...
13 Jan at 6 PM 2020

Support for Royal Family wanes amongst UK expats in Spain

UK expats in Spain are calling for a referendum vote on the British monarchy. Even although they’re no longer living in the UK, British expats all along the Spanish coastline are dismayed and angry about the current state of the British monarchy. Headline, online and TV media news items have captured expats’ attention ever since the recent sex scandal involving Prince Andrew’s connection with convicted paedophile Geoffrey Epstein. Both supporters of the monarchy and those who deride the institution well remember the bad...
6 Jan at 6 PM 2020

Japanese managers stressing out over expat professionals

If you’re working as an expat in Japan, you may be stressing out your Japanese manager. Over the past several decades, the numbers of Western expat professionals working in Japan for local companies have seen a significant increase.Japan’s relaxation of its formerly strict visa rules for skilled foreign professionals was originally aimed at combating the country’s falling birth rate and resulting shortages of labour. However, it seems encouraging Western immigration is having a less than positive effect on the Asian tiger’s...
27 Dec at 6 PM 2019

Spanish police warn lone expat females over online romance scam

British expat women living in Spain are being warned over an online social network scam. Spanish National Police are warning women expats in the country about a scam targeting Facebook users. Over the past few months, police have become aware of multiple cases of an online-based scam aimed at single female expats as well as local women. To date, thousands of euros have been lost to the same gang of tech-savvy criminals based in the country. The gang’s modus operandum is to target vulnerable females and establish romantic online...
24 Dec at 6 PM 2019

Survey reveals expat confidence due to Dubai Expo 2020

Dubai expats are now optimistic about 2020 personal finances and jobs. A new survey released last Monday reveals 80 per cent of expatriate professionals in Dubai now feel optimistic about their job prospects and personal finances, with 32 per cent considering the emirate’s jobs situation will improve considerably over the coming year. Over half of Emirati responders to the survey registered the same feelings, and 43 per cent of expatriates see their overall prospects as good. According to the new study, undertaken by Dubai’s...
16 Dec at 6 PM 2019

Pattaya property scam aimed at expats nets 45 million baht

Expats and locals have lost a total of around 45 million baht due to a Pattaya property fraud. Property scams targeting expat buyers and renters are known to have taken place all over Southeast Asia, but this Pattaya example shows how easy it still is to get duped by crafty business owners. Local Thai police are now hunting down a former real estate agent who, it’s claimed, defrauded both Thais and expat property buyers and renters during a lucrative scam. One Jidapha Sirikhong, owner of Pattaya-based Som Property, operated out...
6 Dec at 6 PM 2019

Oz property prices bad news for incoming expat professionals

Would-be expats are in favour of both Melbourne and Sydney, but soaring house prices are causing financial issues. Now that just about anywhere on the planet can turn into a favourite expat destination almost overnight, would-be career boosters and upscale digital nomads are making their choices on the basis of property prices. Australian expats overseas are claiming they’re there due to the expense of staying in the home country, and would-be expats from overseas are now bypassing any city experiencing house price bubbles. In...
6 Dec at 6 PM 2019

Expat SMEs in Hong Kong feeling the pinch as protests continue

As expats in Hong Kong brace themselves for the next protest, the authorities are pinning their hopes on throwing money at the issue. The past six months of increasingly violent protests as well as the Trump/China trade war have eaten into Hong Kong’s economy to the extent that many small and medium sector companies are facing a lack of liquidity and even bankruptcy. Last week, the government announced further stimulus measures totalling $421 million in an effort to stave off what’s beginning to seem inevitable should the protests...
2 Dec at 6 PM 2019

Dublin property prices dropping due to Brexit concerns

For would-be British expats considering a move to the Republic of Ireland, Dublin’s residential property prices are falling at last. Following the 208 global financial crisis, the Irish capital’s real estate prices increased rapidly to heights not seen for many years, discouraging both locals and expats from taking a chance on a purchase. The boom continued, with average prices last seen to be falling on an annual basis pre-2012. The latest figures from the Republic’s Central Statistics Office show house prices falling by 1.5...
27 Nov at 6 PM 2019

FATCA still treating US expats like criminals

For every British expat complaining about the UK taxman taking more than his due, there are literally millions of US expats wishing they’d been born somewhere else! Some nine million Americans living overseas face an unimaginable tax nightmare every year of their professional or retirement lives. The USA is almost unique in its taxing of its overseas citizens, with Eritrea the only other world country which does so. The horrendous reality is that US expats overseas who don’t even earn anything still have to make tax returns based...