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Expat Network Newsletter – December 2021
Welcome to Expat Network’s
December 2021 Newsletter
Expat Network’s Finance For Expats webinar series continues. The series aims to help expats to manage their finances while living and working abroad. Find out more and book your place.
The best places for career progression and to set up a business are disclosed by HSBC’s annual Expat Explorer Study
A report by Office Needle sets out the best cities for digital nomads we set out the results.
The pandemic has now developed into a ‘twindemic’ with flu and Covid. Pacific Prime give advice on how to survive.
Most expats enjoy travel but often do not have time to travel. Here we list 13 inspirational destinations to visit when you retire (or earlier).
Blevins Franks explain the new arrangements following the UK’s exit from the EU for financial advisors and whether it makes sense to hold onto your UK investments when moving to Spain.
Clifton Private Finance explain the options and issues for expats investing in UK property and GoSimple Tax set out how to report rental income if you are a company director.
Property portal, Kyero, report interest in Spanish and Portuguese property at an all-time high.
Australia announced relaxation of the restrictions on entry to the country but the Omicron variant is potentially forcing a change. Interstaff set out the current position.
Seasonal Greetings to all from the team at Expat Network and we wish you all a prosperous and healthy New Year.
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Finance For Expats Webinar Series
Expat Network’s webinar series, Finance For Expats, began in November and will continue in January. These webinars aim to take you through the opportunities and issues that need to be addressed by people planning to or currently living and working abroad. The first three webinars have taken place and the recordings will shortly be available:
• Effective Wealth Management As An Expat –
Holborn Assets
• Spain's Golden Visa - Investing in Property To Gain Residence Rights in Spain
- TBB Realestate and Rebeca Lino, DLD Abogados
• Investing in UK Property for Expats - Holborn
Assets
The next webinars in the series (with more to be added shortly) are as follows:
• Retiring to Europe - Blevins Franks - 18/1/2022 at 10am (GMT)
• Portugal's Non Habitual Residence Scheme - Low and zero tax options for investment and pension income - Blevins Franks and Property Finder Portugal - 20/1/2022 at 10am (GMT)
• Financial Planning For British Expats in the US - Alexander Beard - 25/1/2022 at 10am (GMT)
• Financial Planning For US Expats Living Outside The US
- Alexander Beard - 27/1/2022 at 10am (GMT)
Follow
this link to see more details.
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Expats Rank Best Locations For Career Progression And Workplace Benefits
HSBC’s Expat Explorer survey looks at many aspects of expat life each year. Here we set out this year’s survey’s ranking of the best locations for career progression, start a business and workplace benefits around the world according to expats.
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How Can Expats Stay Safe Against The Twindemic This Winter?
No matter who you are or where you are from, the reality is true for everyone this coming winter – a “twindemic” is currently underway. For sure, your thoughts will likely turn to the ongoing COVID-19 pandemic. Cases are rising significantly again across Europe and the Americas. While locations in Asia are growing weary of the impact this will have on their populations.
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13 Inspirational Destinations To Visit When You Retire
For many people, travel is more than a favourite hobby. It’s a yearning to want to go and see amazing new places, understand different cultures and maybe even learn a new language. Unfortunately, family commitments, career aspirations and mortgage obligations often get in the way. Life happens and that trip of a lifetime to inspirational destinations gets put on the back burner repeatedly. Here we list 13 inspirational destinations to visit when you retire.
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UK Financial Advisers And EU-Resident Clients – 10 Key Questions To Ask
As part of the European single market, the UK enjoyed substantial market access in financial services to the rest of the EU through a system known as ‘passporting’. Upon leaving the European single market on 31 December 2020, UK financial services lost passporting rights. Market access is now determined by a separate mechanism known as ‘equivalence’. Jason Porter of Blevins Franks looks at the implications for people who are UK resident but planning to move to one of these countries in the next year or so.
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Should You Keep Hold Of UK Investments In Spain?
Expatriates often keep UK investments like Premium Bonds, ISAs, savings accounts, shares and bonds, but are they suitable for Spain? Jason Porter of Blevins Franks explains.
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Buying Or Refinancing A UK Property? A Guide For British Expats
If you’re living and working overseas as a British expat, you’ll probably still have your eye firmly fixed on the UK property market. But it can be difficult to get the property finance you need, as many mortgage lenders will see you as a higher risk.
Clifton Private Finance, who source mortgage finance for expats looking to purchase or refinance UK property give their guide to help expats looking to buy UK property get the best deal and anticipate the potential obstacles.
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How To Report Rental Income If You’re A Company Director
Company director income is often made up of a relatively small amount of wages paid through the company payroll, topped up with company share dividend payments, with both taxed accordingly. But what if you’re a company director with income from other sources, more specifically, rental income from renting out property?
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Interest In Spanish And Portuguese Property At An All Time High
New data, released by overseas property portal Kyero.com, reports record increase in traffic with interest in Portuguese and Spanish property at an all time high during 2021. Kyero has seen rises in the volume of traffic for both countries against volumes in 2020 and against 2019.
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Travel Exemptions Australia 2021
Prime Minister, Scott Morrison this morning announced that Travel Exemption requirements will be removed for fully vaccinated travellers to come to Australia from 1 December 2021 – including for some Skilled Visa and Student Visa holders. The change will allow eligible travellers with a valid visa to come to Australia without having to request Travel Exemption permission from the Government.
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How Omicron Could Impact Australia’s Plans To Re-Open International Travel
Following the announcement of relaxation of the restrictions in travel to Australia the emergence of COVID-19 Omicron variant’s level of transmission new questions about whether it causes severe illness and if existing vaccines will still be effective. Interstaff outline the impact on Australia’s plans on international travel.
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Do You Have Your UTR Number Ready To File Your Self Assessment?
A Unique Taxpayer Reference (UTR) number is a ten-digit code required by all sole traders, partnerships, and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever.
Mike Parkes from
GoSimpleTax explains the importance of UTR numbers, how to correctly acquire your own and their role in UK tax return submissions.
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Covid Back To The Fore In Forex Markets
With a new Covid variant once more impacting global economies the last month has had an all too familiar feel to it. Currency Index give their monthly update on the foreign exchange markets.
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Expat Network's online Service Directories includes companies to assist with your life overseas. This month we profile:
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William Russell
International insurance for people living & working abroad We’re an expat health insurance provider taking a different approach to insurance.
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US Tax & Financial Services
US Tax & Financial Services provides tax advice, planning, and compliance services for individuals, partnerships, corporations, trusts and estates, subject to the US tax system, wherever they may live or operate in the world.
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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.
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Crown Worldwide
Crown Relocations provides transportation, destination and immigration services, as well as family support, to assist people relocating internationally.
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British Corner Shop
British Corner Shop is the online supermarket for British Expats and British food lovers around the world.
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Mortgage Direct
We are Spain’s leading independent mortgage broker - established since 2006 Mortgage Direct has become the leading independent mortgage broker in Spain, as confirmed by the main lenders.
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My Lawyer in Spain
Are you planning a move to Spain? Are you living or working here? Have you inherited a property? Are you worried about your assets? Do you have legal matters that you need to resolve?
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Remember To Register!
Sign up for free at the Expat Network to enjoy the following benefits: access the latest overseas jobs; get help with writing winning CVs and social media profiles; and upload your CV so that our unique network of recruiters and employers can find you.
You will also find expert answers to the most frequently asked expat questions and receive regular news bulletins on contract awards and other expat news. Registration is free of charge – and you can unsubscribe at any time.
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