Do You Need An Offshore Bank Account?
The answer is, you may not. But Iain Yule reckons that most British expats will at some stage, if not throughout their time abroad, find offshore banking useful in a number of ways. First and foremost is the potentially huge tax saving you can make by placing your savings offshore. To take the example of...
Tax On A Move Back To Canada?
I am a Canadian non-resident in the Czech Republic. I plan to return to Canada in two years’ time to finish working and eventually retire. I filed a T1 General form for 2015 as I had a small amount of interest income from a bank account I hold in Canada. Must I always report interest...
Expats Miss Marmite The Most
A poll has revealed the foods people living abroad miss the most from back home – and home-cooked classics and national dishes are nowhere to be seen. For expats and immigrants, it’s the cupboard fillers and takeaway guilty pleasures they miss the most. The survey, conducted by London removals and shipping firm Kiwi Movers shows...
Big Spend By Foreign Buyers Of Dubai Property
As a collection of seven separate emirates, there are some differences between emirates in the rules and procedures for buying property in the UAE. Here we are focussing on Dubai, where buyers from India, the UK and Pakistan make up the three largest overseas contingents. The market is certainly buoyant. Transaction reports from the Dubai...
Brexit’s Impact On Job Search
Freedom of movement, long-enshrined as a key pillar of the EU, will soon be a thing of the past for UK citizens following the Brexit vote. But what, if anything, will replace it? And how will the referendum result affect the three million EU citizens who currently live and work in the UK? Businesses and...
Tax And Residence Rules For British Expats
You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...
Older Expats Count Twice In Saudi Arabia
Any expat in Saudi Arabia who is 60 years of age or more will be counted as two expat staff in the Nitaqat Saudisation programme, Al-Madina Arabic newspaper has reported. Expats registered as investors or academicians (professors, associate professors, assistant professors, lecturers) or working as doctors will not be considered as two staff even though...
British Expats Get Back Right To Vote
The UK government has published plans on how it will deliver its commitment to allow all British expats to vote in parliamentary elections. The Minister for the Constitution, Chris Skidmore, announced the policy statement which sets out how the government will remove the current 15-year time limit on British citizens who live abroad registering as...
Buying Property In Italy
There is no restriction on buying property in Italy and it has some of the most breathtakingly beautiful older property in the world, at surprisingly cheap prices (especially you’re up for a bit of renovating). By Christopher Nye In Italy you generally do not need a lawyer because the agent and the notary are both...
Should I Bank Offshore?
I want to set up an offshore bank account as I have been an expat for many years and have been told this would be a good place to keep my savings. Can you help? Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International, answered this question. I believe...
Looking To Transfer Your Expat Pension?
Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options. By James McLeod, Head of Pensions at chartered financial planners AES...
Moving To Nigeria – Four Things You Should Know
If you are planning to relocate to Nigeria, make sure you are well informed about different aspects of the country in order to make your transition as smooth as possible. Cigna Global, specialists in expat healthcare, have put together this list of four things you should know to help you prepare before your move to...