Expat Australia News

Latest 10 news items tagged Australia

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...
14 Sep at 6 PM 2018

China opens up Chinese stock trading to expats

China is to allow expats to trade in Chinese stocks from Saturday 15th, but it seems very few are in a rush to buy. From Saturday, most expats living and working across China will be permitted to open brokerage accounts for trades in yuan-denominated A shares, but many are in wait-and-see mode, quoting China’s reputation of rushing in where only fools dare to tread. One expatriate pointed out the volatility of the market, adding there will be mistakes needing to be corrected by brokerages and regulators before he’ll take the...
11 Sep at 6 PM 2018

Expat in Saudi arrested for breakfasting with female co-worker

An Egyptian expat working in a Jeddah hotel was arrested after he videoed and uploaded his breakfast meeting with a female Saudi co-worker. Although the woman was fully covered by a black Islamic niqab, the uploaded video caused outrage amongst ultra-conservative Arab Muslims, especially as the last few frames showed the female co-worker apparently feeding the expat. As a result, the Egyptian national has been arrested, with police citing a law which forces strict segregation in the workplace as well as in restaurants, coffee shops...
6 Sep at 6 PM 2018

Saudi shops closing down ahead of Saudization deadline

As Saudi retail outlets shut down due to the Saudization deadline next Tuesday, how will the kingdom’s expat professional community be affected? By 11th of September a huge number of retail stores and service providers in Saudi Arabia must be able to prove that 70 per cent of their employees are Saudi nationals. Retail sectors affected include motorbike and automobile supplies, men’s, women’s and children’s clothing, office and home furnishing and household goods. Already, stores unable to meet the strict Saudization...
5 Sep at 6 PM 2018

Is Saudi Arabia unraveling as an expat professional destination?

What next for expat professional prospects versus Saudization? In the modern world, it’s sometimes difficult to determine between real and fake news, but numerous recent reports might suggest Saudi Arabia as well as the UAE are unravelling as an expat professional destination. Vision 2030, the brainchild of the kingdom’s Crown Prince Mohammed, was initiated as an attempt to wean the country off its dependency on oil revenues as well as promoting full employment for Saudi citizens, but is now facing a self-made employment crisis...
4 Sep at 6 PM 2018

Higher cost of expat employees forcing Saudi SMEs to employ local labour

The high cost to UAE SMEs of employing expatriates is expected to result in a surge of Saudization. Market analysts are predicting a rise in the rate of Saudization amongst small and medium size enterprises in the UAE as a result of an increasing inability to afford the higher rates of pay common in the expat worker sector. According to a spokesperson for the Saudi Ministry of Labour and Social development, a new strategy will be aimed at achieving a balance between jobseeker numbers and private companies’ current economic...
3 Sep at 6 PM 2018

Malaga restaurateurs caught by expat offering fake TripAdvisor reviews

A British expat-owned firm based in Malaga has been caught selling fake TripAdvisor reviews to Spanish hotels, restaurants and other expat and tourism-based companies. In a bid to boost their ratings on TripAdvisor and other global tourism websites, businesses in Malaga have been lured into paying €400 for dozens of fake five-star reviews. An investigation by Andalusia-based English language newspaper The Olive Press has revealed the fraudulent operation promised ‘genuine reviews tailored to your specific business’, with one...
31 Aug at 6 PM 2018

Lenders reassure expats over buy to let mortgages and UK property investments

In spite of the increasing likelihood of a no-deal Brexit, mortgage lenders are reassuring expats they will still be able to get mortgages on UK properties. Market leaders and estate agents are saying there are no post=Brexit problems for lenders as regards mortgages for both British nationals and expatriates, provided they submit all the necessary documentation to prove their right to proceed. The statement came as reports indicated no slowdown in the high demand for UK real estate from overseas buyers. Several mortgage brokers...
30 Aug at 6 PM 2018

Brits in Spain lose millions to yet another financial fraudster

In spite of endless warnings about financial fraudsters preying on expats, another Ponzi scheme has now been uncovered. Victims of the latest financial fraud in the popular Spanish resort of Marbella have claimed losses of up to six million in sterling due to a Ponzi scheme being run by a Welsh investment advisor. Rhys Williams lived the high life in the resort, persuading his victims to invest eye-watering amounts in a Dubai printing and paper recycling firm as well as in Dubai trading platforms. The fraudster guaranteed returns 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...