Expat Switzerland News

Latest 10 news items tagged Switzerland

9 Sep at 6 PM 2019

Ensuring the best outcome when investing in an overseas property

For expats buying a home overseas, it’s often a daunting prospect due to language difficulties and lack of knowledge of property laws applicable to non-citizens. Emigrating on a permanent or semi-permanent basis often includes buying a property in the new country of residence, but it’s a challenge for new arrivals who don’t yet know their way around property laws and the correct procedures. As a result, the first priority should be to seek legal advice from a totally independent property specialist with no ties to any other...
4 Sep at 6 PM 2019

Managing your expat spending habits after a salary increase

Expats are being advised not to let a salary increase turn into a financial disaster. For expats who don’t run a household budget linked to their salaries, an increase in wages can lead to a spending trap, especially if they’re living and working in luxury locations such as Dubai, Paris, Switzerland or New York. Salary increases are good news, but can turn a carefully planned budget into a debt crisis within a surprisingly short time. Known as ‘lifestyle creep’, the syndrome is easy to understand but difficult to reverse....
7 Aug at 6 PM 2019

How will no-deal affect promises made to UK expats by EU member states?

A European Union report states unequivocally that not all states have made preparations for British expats should a no-deal exit take place. The leaked report points out that confusion and chaos are rife in Europe over workable plans for British expats should a no-deal Brexit take place on October 31. Only 11 out of the 27 European Union member states have to date guaranteed indefinite stays for their UK expat population, with the rest ‘all over the place’. The situation highlights another Brexiteer lie, that EU countries don’t...
16 Jul at 6 PM 2019

UK and Swiss expats rights now protected from no deal Brexit

UK expats in Switzerland and Swiss nationals working in the UK are now protected in the event of a no-deal Brexit. The signing last week of a pre-Brexit agreement between the UK and Switzerland has ensured British and Swiss expats working in each others’ countries will be able to continue doing so even if a no-deal Brexit is the final result. Even although the agreement is only valid until the end of December 2020, it gives time for those at risk to organise their lives and next moves. As has been shown over the past several years...
4 Jul at 6 PM 2019

Singapore loses crown as best expat professional location

According to HSBC’s recent survey results, Switzerland is now the best choice for expatriate professionals and their careers. Singapore held the top spot in the influential survey for four years before losing its crown to Switzerland, and must now be content with second place. Worse still, Switzerland jumped from eighth place in last year’s study straight into number one due to its stunning surroundings, high quality of life and competitively huge wages for experienced professionals. The average salary in Switzerland is, at...
20 Jun at 6 PM 2019

Brit expat retirees advised to choose countries with UK state pension uprates

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...
21 May at 6 PM 2019

UK expat retirees hit hard by sterling volatility

British expat retirees in Europe have lost 14 per cent of their pensions’ purchasing power since the Brexit referendum. A report from a technology service handling more than 6,000 regular monthly payments to UK pensioners living in EU member states has revealed British expat retirees’ costs of living have risen by 14 per cent due to currency volatility. In comparison, the rate of inflation in the UK over the same time period is seven per cent. In addition to sterling’s Brexit-induced instability, the USA’s trade war with China...
15 May at 6 PM 2019

Scandal of NHS charges for British expat pensioners living overseas

British expats living across the world can be confused as to their entitlement to free NHS healthcare should they need to return to the UK. For British citizens who’ve decided to retire overseas after paying social security dues all their working lives, the use of the UK’s free NHS healthcare whilst living in another country as an expat has been controversial for some years. Up until recently, the law stating the NHS is a residence-based service was mostly ignored, especially for UK expats who’d returned to the UK specifically...
9 May at 6 PM 2019

Oz is all-time favourite for high net worth expats

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...
24 Apr at 6 PM 2019

At least 31 expats killed during Easter Sunday terror bombing

As the Sri Lanka death toll continues to rise, the number of expatriates who died in the terror attack is becoming clearer. The majority of victims killed or injured in the devastating Easter Sunday terrorist attack were Sri Lankan members of the country’s Christian minority, but it’s now becoming clear at least 31 expatriates lost their lives. Information is slow in coming out as the Sri Lankan authorities have blocked the use of social media in order to prevent the possibility of revenge attacks on local Muslim communities. The...