Expat Working Abroad News

Latest 10 news items tagged Working Abroad

5 Dec at 6 PM 2018

Aussie expats take advantage of dollar fall to invest in upscale homes

The week Australian dollar along with the Brexit and Trump effects are being projected to merge into a perfect storm of upscale property purchases by wealthy expat Aussies. According to top-of-the-range real estate agents, the surge has already begun, with enquiries about prestige properties from Australian citizens living and working overseas now at a higher rate that at any time in the past five years. According to one, since the Oz dollar fell below 80 US cents, potential buyers are looking at an effective 30 per cent discount on...
18 Sep at 6 PM 2018

Expat Democrats in Canada urged to vote in US mid-terms

American expatriates living and working in Canada are being urged to vote in the mid-terms in order to thwart Trump. US Democrats are attempting to rally the 200,000 US citizens living in Vancouver to vote in the upcoming US mid-term elections, citing their belief that Democrat expat voters could swing the balance in a number of tightly contested battles for state governors, seats in Congress and the Senate. According to campaigner Tammy Flynn Seybold, only a miserable two per cent bothered to cast their votes in the close-called 2016...
18 Sep at 6 PM 2018

Brit expat social security cheats nabbed by international team

Thousands of Brit expats living and working overseas have been caught illegally claiming British social security benefits. Millions of pounds’ worth of social security benefits have been fraudulently claimed by British expats living and working overseas, according to the Department for Work and Pensions. An investigation by the department along with international fraud specialists has resulted in a record amount of £1.1 billion being reclaimed, with expats living and working in Alicante and Madrid featuring strongly amongst the...
12 Sep at 6 PM 2018

Survey suggests death of the American Dream

Safety and the excessive cost of living and healthcare are wrecking potential expats’ American dream. Once the dream destination for untold numbers of aspiring expats, the USA is now lagging behind 46 other world countries as shown in the recent Expat Insider survey. Respondents to the survey have to be expats living and working overseas as part of a corporate reassignment, so don’t include retirees or entrepreneurs looking to start new businesses. Of the 187 countries surveyed, 68 are chosen by their placings in a number of...
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...
1 Aug at 6 PM 2018

Is offshore banking the best expat strategy

In spite of rumours about tax avoidance, offshore banking gives a number of advantages for expat professionals. The vast majority of expat professionals working overseas are paid in their local currency, with many having financial liabilities such as mortgages in the home country. Most are planning to either move elsewhere for work or retirement or even return home at some stage in their professional lives. For those concerned about banking security and ease of transferring money in various currencies, offshore banks are the sensible...
30 Jul at 6 PM 2018

Expats advised to remit as sterling struggles

British expats living and working overseas are being urged to remit as the pound sterling is undervalued. As fears of a hard Brexit and its devastating effect on the UK’s economy increase, expats working overseas are being urged to remit before it’s too late. According to analysts, sterling’s instability will continue over the eight months left before Brexit kicks in, with the chance of a no-deal becoming ever more likely. Since mid-April, when the pound was at its highest rate since the 2016 referendum, many factors are...
26 Jul at 6 PM 2018

Saving money on international transfers by shunning the banks

The 21st century is set to be the century of the expat, with more and more millennials opting to leave their home countries in order to further their international careers. As the number of expats working overseas at all levels grows, so do the amounts transferred between currencies and countries. The amount of money being sent across national borders is growing year by year as more and more people realise the world really is their oyster. Until recently, cross-border banking was a chore as well as a necessity, but traditional banks...
24 Jul at 6 PM 2018

Expat graduate dilemma puts pensions before student loan repayment

Thousands of university students will graduate this year, with many taking their hard-earned degrees overseas to a long-term job in a new country. With Brexit looming and British companies backing off from hiring graduates due to uncertainty, a good number of newly-qualified Brits may well be searching for opportunities elsewhere in the world. At the back of their minds will be the dilemma of paying off a massive student loan or beginning to save for their eventual retirement, with very few able to deal with both. At first...
17 Jul at 6 PM 2018

Global expatriate totals to hit at least 87 million by 2021

By 2021, the total number of expatriates scattered across the world is expected to reach over 85 million. Expatriation in the present day is a far cry from its 19th century origins, when various wealthy empires sent their representatives to keep the natives down whilst plundering the resources of their lands. Huge numbers of present day expats also have money on their minds, whether it’s to send home to their families or to work overseas for a salary they could only dream of back where they came from. However, becoming an expat...