Expat Focus Financial Update November 2020

Property in Singapore The Business Times of Singapore reports that overseas property investors (led by the Chinese and Indonesians) are increasingly purchasing property that is regarded as a home rather than simply as an investment. Property experts say that the 20% additional buyer’s stamp duty (ABSD) on Singapore property purchases has put the brakes on […]

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Expat Focus Financial Update October 2020

Last month’s big financial news concerned the issue of British banks closing accounts belonging to UK expats in Europe. This has been a major source of worry to UK customers of banks such as Barclays. Accounts are being closed, because it is too complex and expensive for British banks to obtain licensing for financial services […]

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Expat Focus Financial Update September 2020

The general trend to localise workforces continues to have an impact on expat finances, and indeed lives, across the world. Singapore is the latest country to tighten its criteria on foreign hires, due to concerns about the economic impact of Covid. This is despite the financial sector’s attention turning increasingly towards the region, as it […]

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How To Open A Bank Account In Vietnam

The State Bank of Vietnam, formerly known as the National Bank of Vietnam, was first established in 1961. As the country’s central bank, it is responsible for a variety of duties, including: maintaining currency reserves, securing monetary stability, and managing the circulation of banknotes. It also regulates all other banks operating within the country. The […]

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How To Open A Bank Account In The Dominican Republic

The Dominican Republic is known for being one of the Caribbean’s most visited destinations. With its gorgeous weather, geographically diverse landscape and welcoming culture, it’s easy to see why. But what is it like to live in the country? We’ve already covered what’s involved when it comes to finding property, but what about when it […]

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How To Open A Bank Account In The Czech Republic

Prague is one of the most budget friendly European cities to live in, which is why it’s no surprise that, when the Czech Republic joined the European Union, the country experienced a large influx of expats looking to relocate. But if you’re considering a move to the Czech Republic, you’ll want to prepare, as paperwork […]

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How To Open A Bank Account In The Cayman Islands

With its warm climate and clear waters, the Cayman Islands is an appealing destination among travellers—so much so, that many choose to relocate there permanently! The territory is more than just a diving hot spot; it offers a relaxed way of life that many expats enjoy. If you’re looking to join them, then you will […]

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How To Open A Bank Account In Italy

When it comes to opening a bank account in Italy, expats ordinarily have four choices. They can choose to: Keep their existing account in their home country, which is particularly useful for anyone planning to move back at some point in the future Open a local account, which is usually necessary for individuals working in […]

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How To Open A Bank Account In Ecuador

Making plans to move abroad can be time-consuming. After all, each country has its own rules, its own regulations and its own processes—including with regard to banking. But the good news is that in Ecuador anybody can open an account with the right documents—including foreign nationals. So, if you’re looking to open a bank account […]

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Expat Focus Financial Update August 2020

The property market in Dubai is reporting the high probability of a ‘difficult’ two years following the shake up from the Covid pandemic. Travel restrictions and other knock-on effects of Covid have resulted in a significant sag in the real estate sector, but the property market has been slumping for some time, a result of […]

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