International Moving News Page 6

Getting the right exchange rate when moving overseas can make a huge difference, reports the Daily Telegraph. City whizz-kids have earned and lost fortunes on gambling on how the foreign exchange markets move. However, for expatriates the exchange rates movements are not about making cash by speculating on rises and falls; it’s much more...

A British expat whose efforts to be awarded the right to vote were recently turned down by judges has not been granted permission to appeal, reports the Daily Telegraph. James Preston went to the High Court in 2011 to challenge the law banning Britons from voting after they have resided overseas for 15 years. Madrid-based Preston argued...

The US government might be getting stricter on a “money for visa” green-card programme which faced heavy criticism even though it boosted the construction industry in a number of recession-battered markets, reports The Daily. The EB-5 programme gives wealthy foreigners the opportunity to be granted citizenship if the invest between...

Net migration went up in the Coalition’s first year in office despite its pledge to significantly reduce the figure, reports the Daily Telegraph. Official figures reveal that the amount of people coming to the UK to live for a year or more, minus those who moved overseas, was at 250,000 for the year ending June 2011. The represents an...

The Australian Department of Immigration and Citizenship has reported a rise in short-term business visits last year, according to workpermit.com. New figures reveal that more than 120,000 applications were processed for the 456 subclass short stay business visa during the final quarter of last year. Under the regulations for this visa,...

Prime Minister David Cameron has claimed that it should be easier for workers to get jobs in other European countries, as migration will boost the economy, reports the Daily Telegraph. The prime minister and 11 other conservative leaders issued a joint letter which urged improved “labour mobility” within the EU in order to help people...

Expats living in Australia must monitor their UK credit and debit cards closely as retailers in Australia move increasingly towards lowered security, reports the Daily Telegraph. Australia is one of the most popular countries for Brits to emigrate to, with more than 100,000 making the move between 2005 and 2010. Most Brits who move abroad...

The government of Hong Kong is speeding up plans to lure skilled foreign workers as it predicts a massive labour shortage. The island has one of the most rapidly ageing populations in the world as well as among the lowest birth rates, reports the Daily Telegraph. The government of the former British colony predicts a shortfall of 14,000...

Expats have been encouraged to manage their finances in their country of residence in order to prevent unnecessary charges, according to the Daily Telegraph. The Guardian Wealth’s chief executive David Howell said that tax planning, savings, health insurance and pensions were areas expatriates should review after moving overseas. He...

Foreign executives that move to Ireland after landing key jobs in Irish-based firms will not have to pay tax on 30 per cent of yearly income between €75,000 and €500,000 due to new changes to the Finance Bill, according to the Irish Times. The exemption is applicable to executives who stay for a period of one to five years. It will be...