Expat Focus Financial Update May 2018


Financial - Expat Focus

HNW expats need more from financial advisors

Wealth managers who succeed are those who offer tailored products to their high net worth (HNW) expat clients in an increasingly competitive sector, says analytics firm GlobalData.

They say a one-size-fits-all approach will not meet the demands from these clients, particularly for the lucrative Chinese market and also with non-resident Indians.

The firm says that the global high net worth expat market has risen from 2014’s figure of 1 million to reach 1.2 million people last year.   more ...

  Life Down Under – 10 Things You Didn’t Know About Living In Australia


Financial - FC Exchange

You might be planning to make a move Down Under alone, with family, with work, or with friends for a fresh start or change of scenery. Our currency partner FC Exchange has highlighted some of the interesting things you might not know about Australia ahead of your move Down Under.

  more ...

  The Top 5 Things American Expats Need To Know When Filing US Taxes Abroad


Financial - Bright!Tax

by Expat Focus US Tax Partner Bright!Tax

While living abroad can be the experience of a lifetime, unfortunately American expats are still required to file US taxes from abroad, reporting their worldwide income, often as well as filing foreign taxes in the country where they live (depending on the tax filing rules there).

Expats have to file US taxes because the US tax system is based on citizenship, rather than on residence.   more ...

  Expat Focus Financial Update April 2018


Financial - Expat Focus

Number of Chinese HNW expats heading to the UK rockets

The number of Chinese expats looking to utilise the UK's 'Investor Visa' programme has rocketed by 56% over the past year, a wealth advisory firm says.

London-based LJ Partnership says that the number of Chinese HNWIs, and also UHNWI's, who are applying to live in the UK are doing so because of the attractions of living in the country outweigh issues over Brexit.   more ...

  Expat Focus Financial Update March 2018


Financial - Expat Focus

Looming deadline for declaring offshore assets

HMRC is warning that a deadline for expats to declare their offshore assets is looming.

Those who fail to comply will face tougher penalties if they have not declared the right amount of tax. These penalties take effect from 1 October. HMRC says that anyone with overseas assets will now need to declare these quickly or risk a larger fine. They add that they will prosecute the most serious cases of tax evasion.   more ...

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