Expat Caribbean News
Latest 10 news items tagged Caribbean
13 Jul at 6 PM 2020
Now’s the time for expats to bag a discounted second passport as the Caribbean
nations are having a fire sale due to the coronavirus.
The tropical island nations in the Caribbean
are highly reliant on tourism for their GDP and are suffering due to the pandemic-induced flight bans and lockdowns. As a result, they’re now offering steep discounts on their second passport schemes simply in order to bring in more cash. At the same time, second passports are being seen as one way to avoid being stranded whilst riding out the pandemic....
2 Apr at 6 PM 2020
A group of British expat retirees living in Cyprus are trapped in their former home country after their cruise ship was sent back to its British port.
Passengers from the ship told Cypriot media reporters the dream Caribbean
cruise had started from the UK but was caught up in the chaos due to the pandemic and was instructed to immediately head back to its British home port. Once the Cyprus-based passengers had arrived, they were told they would be repatriated the following day, but they later learned there were no flights available....
30 Sep at 6 PM 2019
As the clock ticks down to October 31, Britons, expats and businesses in the British Overseas Territories are growing more concerned by the day.
Unless a miracle occurs, the UK’s 20 overseas territories are as much at risk of dramatic consequences following a no-deal exit as is the UK itself. For example, residents on the Caribbean
island of Anguilla weren’t allowed to vote in the 2016 referendum, even although trade with the neighbouring French Overseas Territory island of St Martin in essential products including fresh water will...
20 Jun at 6 PM 2019
Britons looking to retire overseas using their state pension are forced to choose their destinations carefully.
Since the failure in government of a good number of attempts to deal with the scandal of frozen UK state pensions in major retirement hubs worldwide, would-be British expatriate retirees are having to continue choosing their destinations carefully. For many, the decision to retire overseas on the state pension is based on the ever-rising costs of staying in the home country, but those who take the chance of losing their...
9 May at 6 PM 2019
Australia is migrating millionaires’ number one destination.
If there was ever any doubt that the past several years saw more people deserting their countries of birth than ever before, the latest figures on millionaire migration prove it’s all about the money, one way or the other. High net worth individuals can go where they please, as can the top talents in tech and other 21st century sectors, with destination cities all resembling each other in the race to attract mega-wealthy incomers.
Over the past year, 12,000 or so...
30 Apr at 6 PM 2019
As the expat world becomes more unstable, passports for sale are now a global business worth in excess of $2 billion.
First punted as a way to purchase citizenship of a second country, the so-called expat investments soon acquired the nickname ‘Golden Visas’, as well as an as yet unproven reputation for being used as a money-laundering or tax avoidance scheme for the mega-rich. As more and more smaller, less prosperous countries realised the value to their economies of selling citizenship or simply visas and second passports, the...
27 Mar at 6 PM 2019
As the global expat community soars, it’s inevitable that costs of living will rise, even in the most economical destinations.
Not everyone who leaves the home country for a future overseas has a generous salary plus perks or a gold-plated pension, with many of the world’s best-loved retirement destinations also some of the least expensive as regards costs of living and housing. It should be borne in mind that pensions paid in home country currency might be affected by the ups and downs of the currency exchange marketplace, but...
19 Feb at 6 PM 2019
The must-have accessory for mega-wealthy expats in the UAE is now a second passport, but recent purchasers may now lose their investments as well as their passport privileges.
The numbers of millionaire expats in the UAE applying for a second passport have increased by 30 per cent over the past year or so, with between hundreds of thousands to millions of dirhams the going prices for the privilege of worldwide visa free travel, citizenship and trouble-free residency in the issuing country. However, recent applicants are keeping their...
11 Feb at 6 PM 2019
Retirement – what about a post-Brexit QROPS?
The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
7 Jan at 6 PM 2019
Mexico’s Yucatan Peninsula is a favourite with expats from the USA, but how many realise its famous resort of Cancun was built from the bottom up as a playground for visitors?
Deciding on Cancun wasn’t a snap decision either, as the federal government employed the best tech know-how at the time as well as the best brains for the massive project. The choice of what was then a jungle-clad island with one fishing village was, in fact, a genius of an idea based on the theory of ‘we build it, you’ll love it’! Started in 1970, the...