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Financial > Expat Focus

Expat Focus

Expat Focus International Finance Update 08 February 2017

US expats face travel ban

US expats who have not paid their taxes may lose their passport and the right to travel under a law that was approved by Congress.

Known as the 'Revocation or Denial of Passport in Case of Certain Tax Delinquencies', tax code Section 7345 is not restricted to criminal tax cases but can be used if the Internal Revenue Service (IRS) believes an expat is about to flee the United States and wants to restrict their movements.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 02 February 2017

700,000 expats lost their jobs in the GCC last year

A report has revealed that 2016 was a tough one for expats working in the Gulf Cooperation Council's (GCC) six-nation community, with around 700,000 expats losing their jobs.

The findings come from Hayes Group International who say that 4% of the region's 17 million-strong expat workforce lost their jobs.    more ...

Financial > Expat Focus

Expat Focus

11 Common Money Mistakes Made By Expats

This simple list of some of these financial errors made by expats will help prepare an expat for their new life experience.

Moving costs

Most expats will need to pack up and move most of their personal belongings to their new home and will need to put together a budget and stick to it.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 25 January 2017

Expats' offshore bank accounts closed

Expats who have accounts with an offshore bank are being contacted and informed their accounts will close this summer.

The move by Nationwide International could affect thousands of British expats around the world.    more ...

Financial > Expat Focus

Expat Focus

Five Finance Tips For First-Time Expats

Money makes the world go round, or at least it did at one time. Years ago, most people made the decision to work in a foreign country mainly because of the financial benefits that came with it. A majority of them then chose to return home when they had accumulated a significant amount and could lead a comfortable life.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 18 January 2017

Expat opportunities will grow in 2017

A leading immigration services provider says opportunities for expats will continue to grow in 2017 with many multinational firms finding a shortage of skilled labour for their ambitions.

The survey was undertaken by Envoy and it found that multinational firms are looking to access global markets and will have excellent opportunities for 'globally minded employees'.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 12 January 2017

London will remain a top location for expat businesspeople

Despite Brexit, London will continue to attract expats from around the world to enjoy excellent opportunities, new research suggests.

Many critics of the vote to leave the European Union have expressed fears that London will be seen as a less attractive location for expats around the world when the UK eventually leaves the EU.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 05 January 2017

Expat salaries could rise by 5% in 2017

Expats around the world could see an average increase of 5% this year, says ECA International.

However, when real salary increases are analysed, the worldwide average is set to be 1.5%, which is a fall from 2016’s 1.6% average.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 22 December 2016

Tokyo reclaims most expensive expats’ city title

The world's most expensive city for expats is Tokyo, which has reclaimed the title from London.

Tokyo has not been in the top spot since 2012 when the yen rose. London has fallen from the top spot since the Brexit vote sent sterling plummeting.    more ...

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 15 December 2016

Future of EU expats in UK becomes a political issue

The debate over the future of EU expats living in the UK has now become a political issue with a new campaign demanding that these expats be given the right to remain after Brexit.

The group, called The Three Million, say they want assurances that EU expats will not be used as bargaining chips in any negotiations.    more ...