Expat news
India
The G20 summit in September 2023 might not have resulted in significant announcements, but it provided India, as the host country and G20 president at the time, with an opportunity to showcase its prestige to the world. Foreign heads of state were welcomed with the red carpet treatment, even if it required hastily constructing new infrastructure to conceal slums. The goal was to lavish guests with hospitality to attract more business leaders and foster additional partnerships. Will this be enough to attract and retain foreign talent?
Schools & studies
Amidst economic downturns, inflation crises, political tensions, wars, immigration policy changes, and restricted student quotas, some argue that 2024 isn't notably worse than past years. Yet, we've experienced better times. However, should prospective international students review their plans to study abroad?
Pets
Bringing your pets along during your travels has always been cumbersome, requiring more planning, more paperwork, and considerable fees. With international pet relocation fees skyrocketing in various countries, expatriates have to rethink their plans. Here's what you need to know about the cost of moving abroad with pets.
Formalities
Several countries are grappling with labor shortages and are adapting their immigration policies accordingly. There's a high demand for skilled workers, although they may face challenges due to policies aimed at prioritizing national employment. Balancing the encouragement of local employment with promoting international mobility poses a significant challenge for governments.
Tax
Combating international tax fraud remains a work in progress. Although far from complete, governments are pleased to note significant advancements since cooperation was bolstered. Tax authorities find an unexpected ally in their efforts to monitor foreign bank accounts: social media.
USA
Major changes are on the horizon for the widely-used H-1B visa, with potential impacts on other visa categories. Additionally, significant hikes in visa fees are expected, posing a substantial consideration for those planning to relocate to the United States. Here's what you need to know.
Everyday life
Recent studies show that more Americans are moving abroad than ever before. The United Kingdom is challenging Canada as the most popular English-speaking destination, while the United States' other neighbor, Mexico, remains the second most preferred destination. New Zealand is also increasingly popular. Better life-work balance and a lower cost of living are the leading reasons for moving abroad.
Everyday life
With around 3.5 million British expats living in different countries all around the world, it comes as no surprise that a large number of them consider it to be the best decision they've ever made. A recent study by iFast Global Bank, which polled 600 adults, showed that over two-thirds of British expats were happy with their move abroad. The remaining one-third of expats polled decided to move back home, as they couldn't deal with being away.
Visas
Canada remains a magnet for expats worldwide, but recent policy shifts are putting extra financial strain on those considering the move. Relocating there was already costly, and new visa changes are set to hike expenses further. Will this deter potential expats?
Everyday life
Despite a decrease in Dengue fever cases during the COVID-19 pandemic, there has been a resurgence since 2023. This increase has caused outbreaks in countries that were previously unaffected, sparking concern among people considering a move abroad.
Tax
Government tax announcements frequently raise concerns and set the course for economic and social policies. Will there be greater aid for individuals or raised taxes for particular groups? Concurrently, inflation worries everyone, impacting populations differently and shaping expatriates' financial plans. Here's an overview of the tax changes expatriates can anticipate in 2024 across favored destinations.
Schools & studies
International student mobility is increasingly important in the strategies of countries vying to attract foreign talent. Are the top choices of 2024 still the countries usually favored by international students? What are the new priorities of international students?
France
The immigration law was recently enacted, yet tensions show no signs of easing. Meanwhile, the French government has released figures it believes highlight the positive outcomes of the reforms. Let's take a look at the chronicles of a chaotic reform.
Germany
With the Skilled Immigration Act of 2023, Germany has been enacting new immigration reforms to make immigration easier for highly-skilled expats. Applications for the Opportunity Card will start from June 2024. This visa allows skilled expats who pass a points test to move to Germany for one year without any work contract. They can use that year to look for a job in the country itself.
Work
Popular expat destinations are facing challenges. Real estate remains in a slump, impacting various sectors within the industry. But despite the real estate downturn in several countries, there are still labor shortages in related fields. If you're considering a move to one of these countries, let's look at the state of the job market and the solutions for these sectors.
Formalities
Another country has decided to withdraw from the contentious Golden Visa program. As governments continue their efforts to attract foreign talent and affluent expatriates, they are exploring alternative approaches such as family visas, permanent residency, and employment programs. Let's explore these different strategies.
Work
The increasing number of natural and climate disasters reminds the world that time is not on its side. Fossil fuels are dwindling and facing growing criticism. Green energy is gaining ground, even among major oil-producing countries. Let's take a closer look at these countries seeking to diversify their economies and how this will affect international mobility.
Formalities
In mid-January 2024, the UK government voted to overturn a rule that used to bar British expats who'd been abroad for 15 years or longer from voting. This means that in the upcoming general elections in late 2024, around 3.5 million Britons should be able to vote from abroad.
Other Types
Paraguay
A new investor residency rulebook landed last month, and for anyone weighing Paraguay as a place to actually live, the numbers are surprisingly friendly. If you've been quietly researching Paraguay as a possible new home base, for the taxes, the cost of living, the easy residency, or just because the rest of the world feels increasingly expensive and complicated, this one is for you.
Tax
Postcard-perfect beaches, luxury villas, sports cars and a jet-set lifestyle: social media often paints expat influencers and content creators as financially free and permanently on vacation. Behind the filters and sponsored posts, however, lies a much more complex reality. As more freelancers, influencers and digital creators move abroad to optimize their lifestyle and income, tax authorities around the world are increasing their scrutiny. So how can content creators relocate overseas legally, optimize their taxes, and avoid crossing the line into tax evasion?
Tax
Living in a country without paying taxes: a dream for many expats who choose their destination specifically based on its tax policies. But does a truly "zero tax" country for foreigners actually exist? And what hidden financial risks should you watch out for?
Transport
"Once this war is over, fuel prices will collapse," Donald Trump declared. The U.S. president believes he has "very good chances" of reaching a deal with Iran, while also stating he is prepared to take military action if talks fail. In the meantime, prices at the pump continue to break records worldwide, with variations from country to country. How are expats coping with this situation? How are they managing their daily commutes and travel? The 大咖福利影院 community shares its experiences.
Banks and finance
Online banks and neobanks market themselves as the perfect solution for expats: open an account in a few clicks, fully digital, accessible from anywhere… at least in theory. What are the real advantages and limitations of these banking options? And what should expats watch out for?
Everyday life
For decades, the traditional idea of retirement was simple enough. You work until a certain age, then stop. The assumption was that a workplace pension, a state pension, or a private pension, and perhaps a little nest egg, would provide sufficient income to enjoy a good quality of life. However, for some, the new retirement reality is much more complex.
Open a bank account that suits you
Discover the best international banks to manage your money securely.
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