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Expat Money Newsletter – April 2021

Welcome to Expat Network’s April 2021 Money Newsletter

The fourteenth annual HSBC Expat Explorer survey is open until 30th April. We encourage you to participate and share your experience.

In Currency Index’s monthly update on the forex market they point to the doubts over the AstraZeneca vaccine as the reason for Sterling’s slight fall.

Establishing good credit and managing healthcare costs are two constant issues for expats and we have articles looking at these issues.

Spain and Portugal remain among the most popular destinations for people looking to move or retire to the sun and we are holding a series of webinars giving people the information they need to plan their move.

Brexit has meant that Brits planning to move to Spain are subject to more onerous income requirements, far higher than those in Portugal and France. We set out the benefits for people with lower incomes to look at Portugal and perhaps France as an alternative to Spain.

My Lawyer in Spain looks at different options for owning property in Spain and give their guide on inheriting Spanish property.

Finally we look at the do’s and don’ts of mortgages in Dubai.

Recruiters: To have your jobs featured in the next Jobs Newsletter
email: expats@expatnetwork.com

Complete The 2021 HSBC Expat Explorer Study

For 13 years, HSBC has run an annual study of nearly 20,000 overseas professionals. It identifies trends in global mobility and provides a unique look into the lives of those who relocate abroad. This year’s survey is now live and all expats are encouraged to participate. This study relies on the participation of people living and working abroad and you can participate by following this link.

Vaccination Doubts Impact Sterling’s Strength

In a change to recent trends, the last week has not been a good one for the Pound. We have seen significant losses across the board and most notably of around 2-3 cents against both the Euro and the US Dollar. Currency Index give their monthly update on the global currency markets.

The Importance Of Establishing Good Credit When Moving Abroad

When you decide to move abroad from the U.S. you will need to set yourself up financially in a new country and one of the challenges is establishing good credit when moving abroad. You need to establish a new credit record in your new home country but should not neglect maintaining your credit score in the U.S.

What Are The Key Trends Shaping Health Insurance Costs Around The World?

While the cost of health insurance changes every year, the changes are even more dramatic as of late due to the latest COVID-19 pandemic. Some of the factors that health insurers use to calculate the price of international health insurance premiums include medical inflation, healthcare utilization, and cost of prescriptions, to name a few.

Move To Spain Virtual Roadshow and Move To Portugal Virtual Roadshow

We are running new webinar series for those planning to move to Spain or Portugal. These will cover all of the issue that you need to consider as you plan your move, including visa requirements, financial and tax considerations, property options and many of the practicalities. To find out more and register to attend follow these links:

Move To Spain Virtual Roadshow

Move To Portugal Virtual Roadshow

Spanish Property Ownership Options

Before you move to Spain it is important to understand the different rules and taxes that will be applied if buy property in Spain. It is worth looking at different Spanish property ownership options to ensure you avoid unexpected issues when you sell the property or when your spouse or others inherit the property on your death.

Guide To Inheriting Spanish Property

Inheriting Spanish property follows very different rules and procedures to those people may be familiar with in the UK. Here Alex Radford of My Lawyer in Spain guides you through the process.

Can Brits Still Afford To Move Or Retire To The Sun?

Now the UK has left the EU, work permits are more difficult to obtain and if you plan to retire you have to get a visa and demonstrate that you can financially support yourself. These more onerous requirements have ended the dreams of those who had planned to move or retire to the sun in Spain and live on their state pension. Some may need to look at Portugal or France where the requirements are not as high.

The Dos And Don’ts Of Mortgages For Expats In Dubai

Dubai is an excellent destination for international professionals looking to start a new chapter in their lives. However, there are many factors to consider when you want to buy a property with a mortgage in this city. From finding the best property to calculating mortgage and finding the best mortgage rates, there are some things you should and not do.

Don’t Miss Your Latest Jobs Newsletter

As well as links to some of the new job opportunities available at www.expatnetwork.com, we explore some of the many issues affecting your working life as an expat - or would-be expat.

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