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Financial

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 16 May 2016




British expats struggle to get BTL mortgages

British expats looking to invest in property with buy to let mortgages have a mixed environment with lenders leaving the market.

NatWest and RBS have announced they are no longer offering mortgages to expats and this extends to current expat customers wanting to increase their borrowings.

The only applicants that will be considered by both banks are diplomats, consulate staff and members of the Armed Forces.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 09 May 2016




Firms worried over global prospects

A global survey of employers' confidence reveals that more than half of companies around the world are looking at freezing or cutting employment and just 14% are taking on more staff, according to a survey.

The Global Economic Conditions Survey from the Association of Chartered Certified Accountants (ACCA) says that business confidence was at its lowest in the first quarter of this year than it has been at any point in the past four years.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 2 May 2016




Thousands of expat oil and gas jobs to go

The slump in oil prices has seen 84,000 jobs in Texas disappear in the last 16 months, and 150 workers are laid off every day in Britain's oil and gas industry.

In addition, a recent OPEC summit which wanted to freeze production levels but failed in its bid will lead to thousands more jobs in the oil sector disappearing.    more ...


Financial > Expat Focus

Expat Focus

New Expat? Don't Become A Victim Of Bad Financial Advice




For many expats, working temporarily overseas or deciding to emigrate to a new country means having to make financial plans to help prepare for their future income.

While this is easy to do in a home country, it's a more complex situation when living abroad and the expat is vulnerable to unscrupulous salesmen.

Indeed, one national British newspaper investigated the standard of financial advice being offered to expats and described the situation as a 'financial Wild West'.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 22 Apr 2016




'Panama Papers' may not affect expats - yet

While few UK expats have been caught up in the Panama Papers scandal which revealed how the powerful and rich use tax havens to hide their wealth, they may be affected if there is a clampdown on offshore financial centres.

The fears come after a leak from Mossack Fonseca, a Panamanian law firm, which revealed how they helped clients from around the world store money in tax havens.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 13 Apr 2016




Expats face scrutiny after offshore data leak

The world's biggest ever data leak has spurred financial investigators into action to find out who has been hiding money in tax havens to avoid taxes and hide their wealth, with expats set to face closer scrutiny over their offshore assets.

The action follows the leaking of 11 million documents from Mossack Fonseca, a Panamanian law firm, which has been accused of helping clients launder their money, avoid taxes and dodge sanctions.    more ...


Financial > Expat Focus

Expat Focus

Don't Let Property Investing Become Too Taxing

Mark Dean

Mark Dean

This guest post is courtesy of Dean Mulally, Managing Director - IFA, UK & International at Mark Dean Wealth Management.

Investing in property seems the natural choice for many investors these days. But should you be buying actual bricks & mortar or are there smarter ways to invest in UK property?    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 04/04/16




The most expensive cities in the world

The cost of living in a chosen city for an expat is a key piece of information to enable them to make a decision about their job's potential and whether they can afford to live there – but who can they rely on for accurate information?    more ...


Financial > Expat Focus

Expat Focus

Expats: Where To Earn The Best Money And Enjoy Life


Expat Focus

When expats move abroad for work they want to earn the best money and enjoy their new life, but which are the best locations for expats to enjoy both?

The question isn’t easy to answer since we all have different needs as well as expectations when we decide to follow a career path overseas. However, with surveys available of people who have already moved abroad, finding the most popular countries and cities is made much easier.    more ...


Financial > Tom Zachystal

Tom Zachystal

Why Your Brokerage Firm Is Freezing Your Mutual Funds (And What To Do About It)


Tom Zachystal

Over the last six years or so the US Internal Revenue Service’s initiative to catch tax evaders, known as “FATCA”, has inconvenienced thousands of law-abiding Americans living outside the United States by making it more difficult to open and hold both US and non-US bank and brokerage accounts.

FATCA, or the Foreign Account Tax Compliance Act, has gradually been implemented by US and non-US financial institutions and has resulted in the closure of many US brokerage accounts held by non-US residents. This is because in most instances FATCA has been implemented as an Inter-Governmental Agreement (IGA) that involves information sharing between the United States and another country with respect to financial accounts in one of the countries held by residents of the other country.    more ...