Are you repatriating to the UK? In this article, Expat Focus partner and Founder of Global Expatriate Tax Services Limited, Oliver Heslop, looks at six financial issues British expats should consider when moving back home. A good friend of mine moved to the Middle East about fifteen years ago, and this year he moved back … Read more
Expat pay packages see ‘decrease’ in Hong Kong In recent years, expat pay and benefit packages in Hong Kong have decreased. Human resources company ECA, which recently released its rankings of locations with the highest expatriate packages, reported that Hong Kong fell from 5th to 8th place. Packages are now, on average, US$283,000 per year. … Read more
“I in 4” US expats considering renunciation of citizenship According to a recent survey from Greenback Expat Tax Services, covering 3,200 American expats living in 121 countries, 1 in 4 US expats are intending or considering the renunciation of their US citizenship. The reason, which we’ve reported on before these latest findings, is tax: 77% … Read more
Expat wealth manager fined We reported back in December 2021 on the case of CEO Nigel Green and questions raised over the finance group deVere’s conduct. The deVere group is one of the biggest financial advisers to UK expats in South Africa, headquartered in the UAE and specialising in insurance and selling savings plans. It … Read more
Could Portugal be overtaking Spain as the new hotspot for British expats? In this article, Amy Heslop of Global Expatriate Tax Services Ltd discusses the many benefits of moving to Portugal, including the new tax incentives for non-habitual residents. Portugal’s popularity increasing unabated The Portuguese have a phrase ‘Engolir Sapos’, which directly translated means to … Read more
New report on salaries in Vietnam Recruitment firm Navigos Search has published a Q1 report on expat salaries in Vietnam, suggesting that Vietnamese firms are offering ‘very high salaries’ to attract foreign talent. Monthly expat salaries ranged from US$8,500 to $34,000 in the first quarter of this year, in sectors ranging from tourism and hospitality … Read more
Are you a foreign national in the UK who owns cryptocurrency? Do you understand the tax implications? In this article, Expat Focus partner and Founder of Global Expatriate Tax Services Limited, Oliver Heslop, looks at key issues to be aware of so you stay on the right side of HMRC. Millions of British taxpayers, including … Read more
Sri Lankan financial crisis The economic crisis in Sri Lanka has been going on for some time, as the country struggles with Asia’s highest rate of inflation. The government has now appealed to the IMF for assistance, and a support plan has been proposed. This is partially a result of the invasion of Ukraine. Tourists … Read more
Has the Ukraine crisis caused a ‘black swan’ event? Some financial commentators have referred to the Russian invasion of Ukraine, with its corresponding geopolitical impact and spike in energy prices, as a ‘black swan’ event. However, others, including Market Watch, say that the term is being misapplied – not everything that hits the stock market … Read more
International Living’s Global Retirement Index International Living’s Global Retirement Index for 2021 gives some up-to-date information on the best retirement destinations for expats. Top of the list in terms of cost of living is Vietnam, which has recently seen a drop in rents (an apartment in Hoi An, for instance, costs on average £220 per … Read more