Expat Money News

Latest 10 news items tagged Money

20 Jul at 6 PM 2018

Expat owned dog shelter eviction puts abandoned dogs lives at risk

An expat-run dog shelter in Spain is desperate for help after being served an eviction notice by their landlord. The APA Nerja dog shelter was started three years ago by British expat Laura Downes, and has successfully rehomed 800 abandoned adult dogs and puppies to date. Soon after its inception it was overwhelmed by the number of abandoned pets and unable to concrete the land, causing concerns over hygiene which almost forced it to close. Downes refused to give up, and the Spanish shelter has been operating successfully ever since....
20 Jul at 6 PM 2018

Real estate purchase rules in China discouraging expat investors

Foreigners wishing to buy an apartment in Beijing or other major Chinese cities are being warned the process is anything but straightforward. For expats who’ve arrived in Beijing, found a job or started a business and are now thinking of buying an apartment, the process is tricky, complicated and takes a very long time, even although previous regulations regarding a stay of a year before an application will be considered are now removed. It seems the bureaucracy involved is putting off the vast majority of long-stay expats from...
19 Jul at 6 PM 2018

Reports suggest London now a cheaper expat destination

Traditionally, London has been seen by relocating expat professionals as one of the world’s most expensive places to live and work. As relocation packages shrink and popular reassignment destinations get more expensive, the comparative cost of living become a crucial calculation for potential expats. Online surveys play an increasing part in such decisions, although many experienced long-term expatriates may not agree with all their findings and the economic effects of the present-day geopolitical turmoil may not have been factored...
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...
16 Jul at 6 PM 2018

Theresa May crackdown on UK Golden Visas not working

Applications for the UK’s extremely expensive Golden Visa have increased by 46 per cent since the UK government’s crackdown. In spite of a UK government crackdown aimed at rooting out corrupt, illicit money-laundered cash flowing to the UK via the Golden Visa scheme, applications from the global super-rich are still pouring in. Some 400 ultra-wealthy expat investors have taken up the offer of a Tier 1 visa since the year to 31 March, an increase of 46 per cent over figures for the previous tax year. Requirements for staying in...
13 Jul at 6 PM 2018

Dubai expat blocked from remittance due to suspected fraud

Expats living and working in the UAE are being warned by bank officials over transferring money to people not known to them. Armenian expat Donara Sanamyan faced serious difficulties after she’d attempted to help a friend from her home country who’d come for a visit. The friend needed to transfer money back home in a hurry, so Donara agreed to do the transfer for her through her regular transfer agency MoneyGram. The transaction was refused, with no reason given. A few days later, Donara tried to send her regular transfer to her...
13 Jul at 6 PM 2018

New job new country new pension plan

If you’re switching jobs for more money and an expat lifestyle overseas, don’t ignore your pension pot. Next to property, a pension is possibly the most valuable asset the majority of people will have but, just like a home, it needs to be looked after. In the excitement of taking on a better job with a higher salary in a new overseas location, it’s not difficult to overlook the next move for your pension. If your new company has a pension scheme, checking its details against your present scheme’s benefits is a good start....
11 Jul at 6 PM 2018

Ensuring your financial plan for retirement is all it needs to be

If you’re planning to retire overseas, making sure your financial plans are adequate is essential. More and more older people are opting for a retirement in a warm, sunny, cheaper destination after having spent their lives working and waiting for an excuse to get up and go. For many, Brexit is that excuse, and increasing numbers of Britons are now heading for popular European expat hubs. Hopefully, the majority have made financial plans for their retirement, as the British state pension isn’t exactly generous. Nowadays, planning...
11 Jul at 6 PM 2018

Are Dubai falling house prices a correction or a reduction

One of the major topics of conversation amongst expats working in Dubai is the emirate’s falling property prices. Some believe it’s a long-awaited correction in the expensive city, with others maintaining it’s simply a reduction which will reverse itself in the near future. Either way, it’s supposedly good news for potential expat property owners. Potential reasons behind the move downwards range from oversupply through lack of demand, a jobs market which is now struggling or difficult economic times. However, real estate...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...