Expat Switzerland News

Latest 10 news items tagged Switzerland

8 Nov at 6 PM 2019

Expat secret bank accounts being investigated by Portuguese taxman

The Portuguese taxman is investigating overseas accounts held by foreign national residents as well as non-residents and accounts held by Portuguese nationals. Recent reports in local media revealed Portugal’s tax authority is investigating a million so-called ‘secret accounts’ held offshore by both foreign residents and non-residents as well as by Portuguese nationals. It’s claimed the accounts surfaced after an information-sharing move including 50 countries worldwide was put into place. Apparently, the owners of some 71 per...
29 Oct at 6 PM 2019

Expat in Thailand wins major prize for his work in rescuing street dogs

Expat Michael Baines and his Sanctuary for 570 dogs, 20 of which have disabilities, have won the 2019 Walkin’ Pets Rescue of the Year award. Michael, a chef by profession and a dog rescuer by accident, arrived in Thailand in 2002 and began rescuing and caring for soi dogs some years later. For the first five years, he worked in the streets, focusing on abandoned and stray dogs and feeding them and caring for them as best he could. For those needing medical care, he opened up his home and made sure they had all they needed for...
17 Oct at 6 PM 2019

More EU member states guarantee Brit expats grace periods after Brexit

Brexit hasn’t only been a UK nightmare – many of the 27 remaining EU member states are still attempting to decide what’s best for them. A major concern for British citizens living as expats in EU member states has been the attempt to comply with time-dependent rules as regards legal residency post-Brexit. All 27 countries have been scrambling to present a solution for the half a million Brit expats caught in this disaster zone, with some managing better than others and Switzerland as well as Scandinavia still figuring out how to...
4 Oct at 6 PM 2019

Expat retirees in Thailand hard hit by strong baht

As the Thai baht gets ever stronger against Western currencies, more and more expatriates are feeling the pinch. Thailand has been perennially popular with expat retirees from the Western hemisphere, but the inexplicable rise in the value of its baht currency is wrecking the carefully-calculated financial strategies of a good number of retirees dependent on monthly pension transfers from the home country. For British long-stay retirees, it’s even worse, as their pension payments were frozen at the rate current when they left the UK....
30 Sep at 6 PM 2019

Shanghai ups its efforts to support expat integration

Expats in Shanghai can now access an extra dozen Foreigner’ Social Integration Service Centres located in the city’s research, art and museum institutions. Set up by the Shanghai Exit Entry Administration Bureau after the launch on September 16 of China’s first Permanent Residence Service Centre, the 12 new stations will work in tandem with six already established Immigrant Integration Service Stations. The centre for permanent residence, located in Zhangjuang Hi-Tech Park, already offers multiple services in addition to...
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...