Expat Moving News

Latest 10 news items tagged Moving

29 Nov at 6 PM 2018

Expat investors shunning Saudi Arabia following Khashoggi murder

Expat as well as Arab investors are shunning Saudi Arabia after the Khashoggi murder and its world-wide condemnation Foreign investment in Saudi Arabia is lagging due to the worldwide backlash against the Khashoggi murder. The last thing wealthy investors need is a worldwide scandal suggesting it’s not just the top echelon which isn’t playing it straight but also businesses in which they’re planning to invest. General opinion now accepts that instructions as regards Khashoggi’s murder came from the all-powerful Crown Prince...
27 Nov at 6 PM 2018

UAE long-stay expats to get defined contribution pensions

The UAE’s end of service benefit is a useful and welcome lump-sum bonus for expats who’ve worked in the emirates for a while, but is it enough? Expats in the UAE are entitled to this gratuity once they’ve worked for a company for one year, and those working in the same job for more than five years receive an amount increased to 21 days’ pay based on the final salary. Thus, the amount received depends on the actual duration of employment. In contrast, emirati employees leaving their jobs are paid in a different manner as...
12 Nov at 6 PM 2018

QROPS dilemma for UK expat retiree pensioners

Retiring in the sun is the dream of many older Britons, especially since the Brexit referendum. Expats past the age of retirement make up a sizeable percentage of British nationals living overseas, according to the Office for National Statistics. Portugal and Spain are major UK retirement hubs, with pensioners aged 65 and over accounting for 39 and 42 per cent of the total British expat population respectively in the two countries. In addition, 207,300 of the 784,900 UK-born nationals living in Europe are of retirement age or older....
11 Oct at 6 PM 2018

Elderly, homeless expat in Spain helped by good-hearted Brits

A British expat couple living in Spain have rescued an elderly, homeless Briton who’s been wandering the streets for five years. David Langshaw and his partner Rebecca Pattinson first became aware of the homeless British OAP when he arrived in their Spanish village. After talking with him and getting to know him, they became aware of the previous five years of his life, spent wandering around Spain and moving from village to village. Rebecca told local media he’s covered at least 25,000 miles over the period after he left the UK...
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

Is Vision 2030 the end for expat professionals in Saudi

Is Vision 2030 the death knell for expatriate professionals in Saudi Arabia? Launched in 2016 by Saudi Arabia’s Crown Prince, Vision 2030 is intended to diversify the Kingdom’s economy away from its traditional dependency on oil revenues. For decades, the Gulf State has been a haven for expat professionals earning salaries and living luxury lifestyles unimaginable in their home countries. Nowadays, the introduction of Saudization is gradually decreasing opportunities and discouraging top talent from risking their careers in what...
28 Aug at 6 PM 2018

Oz expats lose capital gains tax exemption on house sales

The Australian government is preparing to debate changes to the capital gains exemption rule for expats selling their home country properties. Over 100,000 Australian expats living and working overseas will be hit by a ruling removing the exemption of capital gains tax on sales of their home country properties. If the ruling is accepted by lawmakers, experts believe it will lead to a rush to sell before the law is brought in. The change is expected to slow a trend whereby wealthy expatriates are buying into luxury properties due to a...
24 Aug at 6 PM 2018

Belgium admits failure to integrate new expat arrivals

Belgium’s traditional culture and its friendly but closed off mentality are two reasons why expats find integrating a challenge. Reports by leading Brussels lawmakers admit Belgium is less than straightforward as regards settling down for new expat arrivals, with a German think tank putting it bluntly by saying the country has failed to integrate its foreign residents due to its contradictory attitude towards incomers. Whilst the comments referred mostly to immigrants and refugees, a number of expatriates would agree that settling...
23 Aug at 6 PM 2018

Dubai debt laws leave elderly British expat in limbo

A homeless, debt-ridden British expat in Dubai is trapped in an impossible situation due to the emirate’s illogical laws. Hardly a month goes by without yet another instance in which Dubai’s inflexible laws have trapped yet another British expat and resulted in imprisonment and deportation, but the latest story defies Western concepts of common sense more than most. Given that the plight of the expat involved was caused by his own lack of ability to cope with his own expectations of Dubai, the situation he’s now in gives him no...
23 Aug at 6 PM 2018

Britishers still rushing for Spanish property despite Brexit

In spite of the looming Brexit threat – or perhaps because of it – disenchanted Britons are still rushing to buy property in Spain. Following a trend set at the time of the 2008 financial crash, would-be expats are still buying into Spanish properties with a view to leaving the UK before Brexit becomes an unpleasant reality. Before the sub-prime mortgage scandal struck, over 10,000 Spanish homes were purchased every six months, falling to between three and four thousand after the financial crisis hit home. The low continued till...