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Expat Money Newsletter – March 2021

Welcome to Expat Network’s March 2021 Money Newsletter

We have seen Sterling strengthen and Currency Index give their monthly update on the forex market.

As the tax season gets underway H&R Block look at four things for US expats to know at tax time. We also look at five financial considerations for those planning to move to the US.

With travel expected to be possible again as the vaccination programme progresses we look at visa the options for those planning to move to the sun.

We look at visa the options for those planning to move to the sun. Spain and Portugal have different visa options for Brits now that the UK is fully out of the EU. Both Spain and Portugal have options for any non-EU citizens (including Brits) with sufficient income to support themselves to live in or retire to those countries. They also have Golden Visas which provide a path to residence and potentially citizenship for those able to invest in property. We explain the rules and requirements and how to apply.

We also look at credit reports and how often you should check them given the increase in hacking.

The Expat Network Team

expats@expatnetwork.com

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

Covid Pandemic Dominates Global Currency Markets

As we move into the Spring, the world is still gripped by the Covid pandemic and therefore the global currency markets are still fairly static, with only fairly modest movement amongst any of the major currencies. Currency Index give their monthly update on the global currency markets.

4 Things For U.S. Expats To Know At Tax Time

The pandemic has changed nearly every American’s life, including U.S. expats, and while these changes could impact their 2020 taxes, with changes to international travel and residency, U.S. expats may have different considerations to take into account than their friends and family back in the U.S. Here are four things you should know about your 2020 U.S. expat taxes.

5 Financial Considerations If You’re Relocating To The US

Are you moving to the United States? Navigating an international relocation is certainly no simple task, especially if you’re moving for work and need to move by a certain deadline. Not to mention, balancing your work responsibilities alongside the complexities of an international move can be difficult to manage.

The New Rules For Brits Moving To Spain

The UK has now left the EU and any Brits moving to Spain no longer have the right to remain in Spain and enjoy the same rights to healthcare and other benefits as they did while the UK was a member of the EU. What are the new rules and can you still live and retire to Spain?

Spain’s Non-Lucrative Visa: A Good Option For Those Retiring To Spain

Spain’s Non-Lucrative Visa allows non-EU citizens to live in Spain provided they are able to support themselves financially. It is used by those planning to retire to Spain and is an option for British retirees and other people who do not plan to work in Spain now that the UK is no longer a member of the EU.

Spain’s Golden Visa – An Option To Gain Residence In Spain

Spain’s Golden Visa is a residence visa available to Non-EU citizens (including British citizens now) who make a significant investment in Spain. The most common way is to invest €500,000 in property but there are other options if you have more to invest. What are the requirements and benefits of this visa?

Options For Brits Moving To Portugal Post-Brexit

The UK is no longer a member of the EU and any Brits moving to Portugal post-Brexit no longer have the right to remain in Portugal and enjoy the rights to healthcare and other benefits that were available when the UK was a member of the EU. What are the new rules and can you still live and retire to Portugal?

A Guide to Portugal’s Golden Visa

Portugal’s Golden Visa provides an option for foreign investors from non-EU countries to obtain residence in Portugal. This allows the investor to enter and/or live in Portugal and to travel freely within the Schengen Zone. What are the requirements and benefits?

Use Portugal’s Passive Income Visa To Retire To The Sun

For those wanting to retire to the sun Portugal offers a great quality of life, a low cost of living as well as the attractive Non-Habitual Residence Scheme to reduce the taxes due on your overseas pension or other income. Portugal’s Passive Income Visa gives non-EU citizens an option to gain residence in Portugal.

Save Tax With Portugal’s Non-Habitual Resident Scheme

Portugal’s Non-Habitual Resident scheme (NHR), which was introduced in 2009 and updated in 2020, is a tax regime offering foreign residents and investors reduced tax rates and exemptions on some taxes for their first ten years of residence. It is a great opportunity to retire to the sun and pay little or no tax on your foreign sourced income.

Credit Reports and Credit Scores: How Often Should You Check Them?

Personal data can easily be breached by hackers nowadays. For this reason, it makes a lot of sense to frequently check your credit information to ensure that all of the details are accurate and that a third party is not using them without your knowledge.

UK Self Assessment – 2020 In Review And What We Can Expect In 2021

As the pandemic continues to impact our way of life, it’s never been so important to manage finances and plan ahead. Understanding the latest tax changes and how they will affect you can be hard to get your head around, especially with everything going on.

Capital Consulting

Expat Network's online Service Directories includes companies to assist with your life overseas. This month we profile:

Expat Mortgages UK

We provide a comprehensive range of mortgage services to Expats & Foreign property investors and residents. As a whole-of-market specialist mortgage broker, we have access to all Lenders and products available, to find the best solution for our clients.

Standard Bank

Considering a move overseas? Relocating to anywhere else around the world will always be stressful. What shouldn’t be stressful is deciding how you’re going to manage your finances once you’ve settled in Which is why you should consider a Standard Bank International account.

William Russell

International insurance for people living & working abroad We’re an expat health insurance provider taking a different approach to insurance.

One SimCard

OneSimCard – Stay in Touch OneSimCard is an international roaming SIM card which provides quality low-cost mobile phone and data service in over 200 countries.

Interstaff

Three decades of Australian migration experience Interstaff are global immigration agents assisting people all over the world with the process to travel or migrate to Australia for temporary work or permanent residence.

MoneyTransfers.com

At MoneyTransfers.com, our top priority is guaranteeing our customers get the very best deal when sending and receiving funds.

DGLegacy

Many expats have assets such as bank accounts, pension funds, life insurances, and real estate in multiple countries. DGLegacy is a digital inheritance and asset protection service.

1040 Abroad

File your US Taxes in 3 Easy Steps. We Have Been Rated Five Stars by our Happy Clients. Online U.S. Tax Preparation for Americans Abroad. Flat Fee. Simple Filing Process.

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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