Archive for 2012
People often associate offshore banking with shady activity and tax evasion. Many U.S residents believe it is illegal to have an offshore bank account, however, if you follow the rules it is completely permissible. Offshore banking is a complex procedure and if you don’t follow the regulations it can lead to you being investigated by […]
According to financial experts, for many expats opening an offshore account is something left until after they move. However, once expats have arrived in their new country they find themselves busy with settling in and opening an offshore account falls down the “to-do” list. This means savings stay in low return accounts, often with unnecessary tax […]
As a British expatriate you have probably heard of QROPS, particularly if you are retired or nearing retirement. QROPS stands for Qualifying Recognised Overseas Pension Schemes. They act as a vehicle into which, UK pensions (private or company) can be transferred. QROPS are available in many tax jurisdictions around the world. There is a list […]
According to the NatWest International Personal Banking (NatWest IPB) Quality of Life Index more British expats are moving to Asia than ever before. Whereas the number of people looking to move to Western Europe and the US is declining. The study noted a decrease of 11% in expatriates moving to the USA but an 18% […]
Despite the ongoing Eurozone crisis expatriates are still intent on buying property in Europe. Spain and France, popular destinations for expat Brits, are the top spots for people looking for property. These results, reported by Rightmove Overseas, showed that 21.7% of all searches in February were carried out in Spain and 17.3% in second place […]
Expatriates have a lot to think about financially both before and after they move. According to Aidan Bailey of The Fry Group, there are three top mistakes expats commonly make. 1. Not being open with the tax authority – In Britain you need to inform the HMRC of your non- UK status. Fill in a […]
Expat Wealth talked to Aidan Bailey of the Fry Group about their recent acquisition of Fulcra. He explained how they have established themselves as a leading financial consulting firm, about their current clients and their plans for the future. Aidan, why the acquisition of Fulcra? The Benelux region is a very important market to us. We […]
QROPS (Qualifying Recognised Overseas Pension Schemes) are set to undergo the most radical reforms since they were introduced in 2006. The changes, which come into effect on April 6th, will mean some existing schemes will not qualify for benefits. Tax on pensions is usually only levied in the country where the pension holder resides. Under […]
According to the annual NatWest International Personal Banking Quality of Life Index, expats who relocated to the UAE have seen their finances improve “dramatically” since moving. The same response was also given by expats in Singapore, Hong Kong and China. The survey also showed that 72% of expats have not seen a decline in their quality […]
Real estate advisors CBRE have relased data showing investment capital continues to flow into the European market. Countries with strong economies and those outside the Eurozone are benefiting most. European property investment grew in the final quarter of 2011, reaching €9.4 billion. The market continued to attract regional and international investors despite an unstable economic […]
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