Legal News - Emigrate UK Page 9

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FCA warns retirees at home and abroad about free pension advice

FCA warns retirees at home and abroad about free pension advice
The UK’s Financial Conduct Agency watchdog has delivered an uncompromising warning that ‘free pension advice’ is nothing but a scam. The government agency policing financial services in the UK is aiming its warning to retirees planning to move their pension pots out of a defined benefit scheme. The alert was issued in order to...

Christmas comes early for UK and EU expats as residence rights guaranteed

Christmas comes early for UK and EU expats as residence rights guaranteed
A last-minute breakthrough in talks between Theresa May and Jean-Claude Juncker this Friday morning has resulted in the best news in years for EU and UK expats. Britons living across Europe and the three million EU citizens in the UK can finally get on with their lives knowing the draft agreement guarantees their rights to live, work or...

Expats in Spain warned over unregistered IFAs after collapse of advisory firm

Expats in Spain warned over unregistered IFAs after collapse of advisory firm
The recent collapse of unregistered Alicante-based Continental Wealth Management in which a high number of expats lost their capital is the tip of a world-wide so-called investment scandal containing untold numbers of similar disasters waiting to happen to expats who’ve trusted an illegal advisor. It’s a sad truth that wherever there...

Paradise Papers spur EU attack on offshore financial jurisdictions

Paradise Papers spur EU attack on offshore financial jurisdictions
The European Union is preparing to target offshore tax havens which make it easier for the wealthy to legally avoid paying tax. Although EU finance supremo Pierre Moscovici admits tax avoiders who do business with offshore tax havens are not breaking any current laws, he believes tax and banking laws should be changed to disallow the use...

Expat entrepreneurs having problems getting Saudi business licenses

Expat entrepreneurs having problems getting Saudi business licenses
Expat entrepreneurs wanting to set up businesses in Saudi Arabia are being stymied by Saudi laws regarding business licences. Many expatriate businessmen wishing to establish a company in Saudi Arabia are frustrated by laws preventing them from obtaining the necessary paperwork without first finding a Saudi sponsor. It’s virtually...

Buy to let investments lose ground to holiday let properties

Buy to let investments lose ground to holiday let properties
The reason behind the increase in investors looking to purchase European short-term holiday let properties may well be spurred by the need to have a foothold in an EU member state before Brexit kicks in. Whatever the initial reason, short-term lets in popular overseas holiday destinations provide attractive rental yields mostly gained...

Merkel advisors call for Brexit delay till end of 2020

Merkel advisors call for Brexit delay till end of 2020
With the next round of Brexit negotiations due to start today, advice given to Angela Merkel by her team of economic advisors might well throw a spanner in the works. The German Chancellor’s economic advice team are reported as having suggested the most sensible way forward is to ensure the UK remains in the bloc until at least 2020. The...

UK taxman loses vital ruling on non domiciled British expats

UK taxman loses vital ruling on non domiciled British expats
A recent UK High Court ruling in favour of British taxpayers against HMRC will protect British expats from investigations into their tax liabilities. The High Court’s ruling will apply to all non-resident British expats who have demonstrated they no longer have any ties to the UK. Basically, the judgement recognises that, once a citizen...

Which way now as Bitcoin hits unheard of heights

Which way now as Bitcoin hits unheard of heights
After strong trading over the past few days, the Bitcoin virtual currency has hit an all time high, with even higher prices forecast. Japanese, South Korean and USA traders are being held responsible for Bitcoin’s record high of $6,307. 73, with many expecting more increases but a few warning the trend may have a short lifespan....

QROPS rules to stay the same until after Brexit

QROPS rules to stay the same until after Brexit
Expats will be relieved to hear there will be no changes to QROPS laws until after Britain finally leaves the European Union. The massive logjam of legislation necessary before March 2019 is clogging the British parliament’s schedules for the foreseeable future, leaving almost no time to debate and vote on other important legislation....