Cyprus’ Permanent Residence Criteria is Changing If you’re contemplating retiring to Cyprus, you need to be aware that the system for applying for permanent residence permits is changing. A crackdown by the authorities on money-laundering will result in a tightening on residency criteria from May 2nd 2023. The annual income you will need to be … Read more
UAE Launches ‘Second Salary’ Scheme Expats in the UAE have recently been reporting concerns about retirement and their lack of savings – around 45% of UAE residents have not started saving for retirement, even though many of them intend to retire relatively young. In this instance, a second source of income would obviously be an … Read more
Hong Kong’s ‘inward looking’ budget fails to prioritize expats Hong Kong’s Chief Executive John Lee announced in the autumn that attracting expats back to Hong Kong was a priority. According to Bloomberg, this policy was expected to feature in the new budget, in the form of some incentives for attracting overseas talent. But financial experts say that … Read more
Oliver Heslop, founder of Global Expatriate Tax Services (GETS) and Expatriate Tax Services London Ltd, is a highly experienced UK tax specialist dealing with expatriate cross border issues. He is also the official Expat Focus UK Taxation partner and is available to answer readers’ UK tax questions. In this article, Oliver looks at purchasing a house, comprehending payroll, and … Read more
Australian expats could benefit from new wealth management programme Atlas Wealth Management, a Gold Coast-based firm, has now set up Atlas Tax, aimed at providing tax compliance advice as well as investment counselling to Australian expats. The new section is designed to assist with: • Australian tax return preparation and lodgement• Australian tax advice• Private … Read more
Oliver Heslop, founder of Global Expatriate Tax Services (GETS) and Expatriate Tax Services London Ltd, is a highly experienced UK tax specialist dealing with expatriate cross border issues. He is also the official Expat Focus UK Taxation partner and is available to answer readers’ UK tax questions. In this article, Oliver lists 10 false assumptions American expats sometimes make … Read more
Oliver Heslop, founder of Global Expatriate Tax Services (GETS) and Expatriate Tax Services London Ltd, is a highly experienced UK tax specialist dealing with expatriate cross border issues. He is also the official Expat Focus UK Taxation partner and is available to answer readers’ UK tax questions. In this article, Oliver writes about new tax … Read more
Blevins Franks reports an increase in financial advisors moving to Europe Following difficulties with financial passporting between the UK and Europe in the wake of Brexit, expat experts Blevins Franks reported in December that an increasing number of UK-based independent financial advisers (IFAs) are enquiring about moving to Europe. London-based representative Jason Porter says: “UK … Read more
UAE’s Golden Visa proves attractive to Americans Arabian Business news announced in late November that more than 2,800 high net-worth American expats had renounced their citizenship in the later quarters of 2022. Since 2019, 150,000 of the state’s new golden visas have been issued, and visa advisory firms have noticed a recent rise in the … Read more
Hong Kong announces new measures to attract business Hong Kong has announced a US$3.8 billion package to attract businesses back to the city, the Financial Times reported in October. Visa and tax concessions will be made available for skilled expat workers, and there are initiatives to make it easier for long-term expat residents to buy … Read more