From the monthly archives:
People become expats for higher pay (or in this economy any pay). But higher pay can lead to bad choices if that pay is not dealt with responsibly. An poll conducted by the UAE’s National Bonds company confirms what I’ve always suspected: expats have trouble saving money. Expats who move abroad to the developing world [...]
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What is an expat? At the end of the day, it’s my firm belief that expats are basically immigrant labor, and unless and until the country they work in grants them some sort of permanent residence or citizenship status, expats will have less rights than most people. It’s one of the unwritten rules of being [...]
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The Financial Times has an interesting discussion on Monaco and its position as one of the world’s leading tax havens (registration may be required). The British government is concerned that British citizens are buying small apartments in Monaco (because that is all that is available) and then moving to their big house in France on [...]
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I spoke last week about big changes coming and now the first set of changes to this blog are here. I’ve lowered the price of my book The Financial Guide to Retiring Abroad to US$19.95. That reflects the fact that e-books tend to sell at lower prices than printed books, and the fact that my [...]
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Switzerland is by far the world leader in assets under management in the area of offshore banking, with assets totaling more than two trillion dollars. But as a fallout of the continuing global financial crisis, governments in the West are demanding of offshore banking nations that they reveal account information of their clients. Why? Governments [...]
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I created this blog in an effort to write about a subject that I think gets almost no attention on the blogosphere: where and how to invest if you are an expat. Other than the recently closed Foreigner’s Finances, there’s no one who writes on this subject and who gives sensible advice. There are many [...]
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A few weeks ago the Expat Explorer Survey by HSBC bank came out and detailed which countries had the highest paid expats. I’ve written on it before, and I thought it was somewhat revealing. But an article from an English language paper in Singapore about the survey got me thinking. The article talks about how [...]
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The Daily Telegraph relates to us that a survey by the Economist Intelligence Unit of many international companies that being an expat will become a very important part of the average executive’s career. As many as 39 per cent of surveyed were thinking of hiring more talent overseas. The survey’s analysis believes that companies’ continued [...]
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One of the greatest financial burdens expats face is that of paying for schools. The link is to an article by Arab News and shows how much of an enormous expense private schooling is for children. After rent, I would argue that the second largest expense for an expat family is schooling. For expat families [...]
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Yet another article from the Daily Telegraph, this time on the preference of British expats on which banks they use. British expats prefer using British banks to the other banking options they have when abroad according to a poll conducted by Lloyds TSB. I think that their choice is the right one. The article makes [...]
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