Archive for the ‘Expat Banking’ Category
Of the five million British expats around the world many continue to earn their income or pensions in sterling. This money, paid into sterling accounts, often needs to be transferred to other currencies. These expatriates need to move money regularly and safely to their current home. Large currency brokers usually offer deals for regular payments [...]
When arriving in a new country, whether for a long period or just a short vacation, expats are most likely to check out the local shopping areas. Once you are ready to buy, you work out the price in your own currency, pay with your credit card and pat yourself on the back for finding [...]
The advantages of getting a credit card go beyond paying with a piece of plastic instead of cash. As an expat, you should also check the additional services that go along with many cards. Imagine you are skiing in a foreign country. While descending the most vertiginous mountain something goes wrong. Even before you realize [...]
All too often expats prove easy targets for financial fraud. They stand out in the crowd and are often much wealthier than locals. A perfect example is a recent spate of fraud cases in Thailand, where numerous wealthy expats have lost thousands of dollars to financial criminals. The Phuket Gazette reported the expats were targeted by [...]
Moving your finances abroad is stressful, and many expats forget to ask the most important question: what do I need to do before I move and what can be done later? Our checklist helps you identify urgent actions–and will save you money, time and hassle in the long run.
Expats paid in euros are slowly but surely bleeding value as the common currency falls. Similarly, those living in troubled economies like Italy and Greece may want to protect themselves against the possibility of a euro exit and currency devaluation. One way is to park money in accounts denominated in safer currencies like British pounds [...]
Expats send an extraordinary amount of money out of Saudi Arabia each year–the equivalent of USD 7.1 billion in the second quarter of 2010 alone. As a result, the country may try to limit the amount of money expats can send home. Take data from a recent kippreport.com survey. It found 74% of expats in [...]
Finance firms based in Jersey were recently lauded by the Global Forum on Transparency and Exchange of Information for Tax Purposes, tasked with assessing how well the sector responded to international standards for tax information. Jersey has responded to 84 information requests to date, and was described by the forum as being “effective and expeditious” [...]
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