US Expats: Get the Facts Ahead Of The FBAR Deadline
With just a few days to go until the Foreign Bank Account Reporting (FBAR) deadline, you’ll want to make sure you’re aware of the requirements of this important US Treasury form. Here’s everything you should be aware of. Breaking Down FBAR The FBAR, also known as FinCEN Form 114, is the form you use...
Buy-To-Let Mortgage Calculator For Expats
Guernsey-based offshore bank Skipton International has launched a mortgage calculator to help British expats in their property investment planning. The new expat mortgage illustration allows those considering a UK buy-to-let investment to enter the value of the property and its expected rental income. They will then be shown the maximum loan potentially available, and the...
Rising Need For Middle East Renewables Engineers
There was a significant increase in the number of renewable energy contractor roles in the Middle East during the first quarter of 2016, with engineers particularly in demand. The data comes from professional services consultancy Procorre’s latest analysis of recruitment trends in the Middle East. The figures highlight that Saudi Arabia is recruiting the largest...
Healthcare For Expats In Russia
Life in Russia is undoubtedly a unique experience for most expats. Russia is a distinctive country with a history strongly shaped by socialism – which, among many other things, has led to a healthcare system that provides a complete range of state-funded free medical services. But is this really as good as it sounds? Can...
US Expats: Remember June Tax Deadlines
June is a very important time of year for US expats. Your expatriate tax return is officially due this month, along with your Foreign Bank Account Reporting (FBAR), if you meet the filing threshold. Here are the facts you should know so you can be prepared as the deadlines approach. US Expat Taxes As...
New Zealand Desperate For IT Specialists
It has recently been announced in New Zealand that migration is the only way to bridge the current skills gap for IT companies. The IT industry in New Zealand is growing rapidly, generating an estimated 3,000 new jobs each year. These roles aren’t being filled by existing training initiatives, even though there are more IT...
Expats’ Love-Affair With China Over?
According to a study by UniGroup Relocation, a global moving company, reported in Global Times, twice as many expats have recently moved out of China than into the country. The study said that reasons for the outflow included expiring work contracts, rising costs of living, air pollution and companies cutting labour costs in the wake...
Dubai Trains Expats On Law And Rights
An institute designed to educate expat employees in the emirate of the country’s laws and informing them of their rights and duties was launched recently, reports Gulf News. The Workforce Training Institute is currently in its preliminary stage of training Dubai’s blue collar workers, but by 2018, it is set to train expat employees across...
UAE: Workers Must Vacate Within 30 Days
The UAE Ministry of Human Resources and Emiratisation has told employees living in accommodation provided by their employers to vacate it within 30 days after their service is finished, according to reports in Emirates 24|7. An HR executive with a leading UAE company, however, told Emirates 24|7 that employees can be given grace period...
China Builds Foreign Talent Database
China is to build a database of overseas talent as part of a digital platform to match foreign experts with potential employers, a senior official has said.China Daily reports that the platform, the first project of its kind in the country, will include all legally employed foreign workers’ nationalities, areas of expertise and industry, their...
Contractors’ Disguised Remuneration Attacked
The latest UKBudget contained an attack on disguised remuneration avoidance schemes with a new charge on outstanding loans. The new scheme outlines how income tax and national insurance contributions (NICs) will be imposed on employee loans which are outstanding on 5 April 2019, irrespective of when the loan was advanced to the employee or individual....
Contractors’ Options For Employment
Contractors can present themselves for employment in a number of ways, ranging from employee to offshore company director. Make sure you take the approach that suits your circumstances best. It is important to consider the structure of your relationship with companies you do business with. There are a number of options, according to accountants Forbes...