±JOIN OUR NEWSLETTER

Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!



We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners

Financial

Financial > FC Exchange

FC Exchange

Expat Top Tips For Transferring Currency Overseas

Will Hewitson, FC Exchange

Will Hewitson, FC Exchange

If you’re moving abroad on a secondment with an employer, to retire, or to seek a better work-life balance with your young family, the switch from UK resident to becoming an expat can feel daunting.

And even when you’re living overseas as an expat you will need to think about the ongoing need to make regular currency transactions. For most, the funds you transfer to buy your property are the first of many payments.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 18 October 2016




British expats sue EU Commission chief

A group of British expats are taking EU commission chief Jean-Claude Juncker to court for his stand that Brexit talks cannot begin before Article 50 is triggered.

The expats are claiming that his stance is 'wrong, unlawful and unfair'.    more ...


Financial > Expat Focus

Expat Focus

How To Set Up A Bank Account In The UK - Advice For New Expats

(c) den99 on Flickr

(c) den99 on Flickr

By opening a bank account, expats will avoid being hit with hefty transaction fees for withdrawing cash because of currency conversions.

UK employers pay salaries directly into bank accounts, so expats working in the country will definitely need a local bank account. The biggest challenge is when an expat does not have a credit history within the UK. They will also need a variety of documentation to open a bank account.    more ...


Financial > Expat Focus

Expat Focus

How To Reduce Your Debts While Living Abroad

(c) Images_of_Money on Flickr

(c) Images_of_Money on Flickr

For many expats, the opportunity to move abroad will mean earning more money and the chance to save a large portion of it to enjoy in years to come or to make an investment.

However, there are a number of issues that expats need to deal with and those who have debts before leaving need to take some simple steps to ensure they avoid falling into trouble.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 05 October 2016




Pension rules could be relaxed for British expats

The UK government is apparently considering a raft of measures that would see the easing of consumer protection on pension transfers for British expats.

The regulations currently enable an expat to access their pension pot which has a safeguarding benefit including a final salary pension or a guaranteed annuity, and is worth £30,000, but they can only do so after taking advice from an authorised independent financial adviser.    more ...


Financial > Expat Focus

Expat Focus

How To Open A Bank Account Abroad Without A Credit Rating




European law dictates that banks must open an account for an EU citizen, but things are trickier for those from outside of the European Union moving into it and for EU citizens moving outside.

The biggest challenge when it comes to opening a bank account overseas is that the expat's credit score will not be travelling with them so it means a bank in their new country does not know anything about their creditworthiness.    more ...


Financial > Expat Focus

Expat Focus

Report: Complicated Tax Codes Forcing Americans To Give Up Citizenship

(c) 401(k)2012 on Flickr

(c) 401(k)2012 on Flickr

To put this situation into perspective, in 2008 just 231 Americans gave up their citizenship but this number rocketed to 4,279 in 2015, a rise of 20% on the year before. One survey found that 70% of those who had given up their citizenship pointed to tax and financial regulations for being the motivation.

However, US citizens don't escape that easily since the government publishes their names in its Federal Register every year.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 26 September 2016




Cities favoured by expats are 'most liveable'

Australia and Canada are not just firm expat favourites to enjoy opportunities; they also top the charts for being the world's most liveable countries, says a survey.

According to rankings published by the Economist Intelligence Unit (EIU), Melbourne in Australia is the world's most liveable city, followed by Vienna in Austria.    more ...


Financial > Tom Zachystal

Tom Zachystal

Merrill Lynch Closing Brokerage Accounts For US Expats


Tom Zachystal

Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of October 1, 2016. The letter typically states the following:

We have conducted an extensive review of our non-US resident client business to determine whether we had the ability to continue to effectively serve your wealth and investment needs under increasing business requirements and regulatory restrictions. Having completed this analysis, we believe you would be better served by a firm or firms that can meet your comprehensive wealth and investment management needs. Therefore we will no longer be servicing your Merrill Lynch Wealth Management account(s) and/or credit facilities effective October 1, 2016.    more ...


Financial > Expat Focus

Expat Focus

7 Practical Tips For Saving Oodles Of Money As An Expat

(c) pexels.com

(c) pexels.com

Moving abroad is the culmination of a lot of planning and preparation and also, for many people, the result of lots of dreaming to land the job they really want.

The expat may have landed a fantastically well paid position but they still need to prepare thoroughly to avoid serious financial problems since they will need to manage their money between two countries with differing economies and currencies.    more ...