According to a survey by Tranio.com, the second most popular foreign commercial property type in 2015, after flats, was hotels. However, the hotel business is complex. In addition to finding a suitable property, the most complicated issue an investor usually faces is managing this property. Tranio.com explains how hotel property management is executed, with the profit divided between the owner and the operator. In short, the owner can either manage the hotel independently or hire a management company.
There is much to be said for living life as an ex-pat – the sense of freedom it can give a young person or couple seeking adventure in their early twenties, the opportunity to learn a new language and explore a new culture, and a more (or less, depending upon your point of view) forgiving climate.
But when it is time to start raising a family, many ex-pats choose to return to the UK. It makes sense for several reasons; to be closer to family, to educate children in the same system as their parents, to obtain a British passport.
That said, there are some equally compelling reasons to remain abroad. Let’s look at the pros and cons of 5 of the most tempting places to live as a family abroad. Read more “Top 5 Destinations For Families Seeking The Expat Lifestyle”
88% percent of banks globally are becoming increasingly concerned about losing business revenues to Fintech challenger firms, whilst 82% would like to partner more with them over the next three to five years, reveals a new report, Global Fintech Report 2017, released by PriceWaterhouseCoopers. Read more “PwC Report Reveals Banks Fears About Losing Revenues To Fintech Firms”
Donald Trump’s blanket ban on Somalian citizens travelling to the US has made it harder for the 250,000 Somalis based in America to send money back home, reports Mareeg.com. Read more “Trump’s Measures Making It Harder For Somalians To Send Money Home Using “Harwala” Agents”
Here at The Money Cloud, we were shocked to see research carried out by the Bank of International Settlements, that 85% of retail transfers are made through banks globally. There are many reasons why you shouldn’t use you bank for transferring money abroad and in this post, we have put together what we think are the 5 top reasons you should stop using your bank for international money transfers in comparison to the services The Money Cloud promote; Read more “Top 5 Reasons Why You Should Stop Using Your Bank for Transferring Money Abroad”
Chinese companies have raised $52.6 billion US dollars via bond issues in the first quarter of 2017 – a 72% increase from the previous quarter, and five times more than Q1 2016, according to Dealogic data, Netral News reports. Read more “Massive Increase In Chinese Companies Fundraising Overseas as Firms Look To Sidestep Government Curbs On Overseas Investment”
Goldman Sachs have announced this week that they will begin to move some staff from London to mainland Europe as part of its “contingency plans” to help prepare the investment bank for life after Brexit.
When a major institution like Goldman’s makes such a move, it is hardly surprising, in the current climate that the markets will pay close attention to the reasons behind it. Read more “Is The Future of “Passporting” Brexit’s Biggest Problem?”
They may be marketed as convenient, flash, and “rewarding”, but in reality, the credit card trap is one you don’t want to fall into unless you can pay back everything you owe, every month, on time, and without bringing other accounts overdrawn. Which of us, hand on heart, can promise this, especially when there are temptations everywhere, from fashion to food, travel, gadgets, and a million and one subscription based services? Read more “The Truth About Credit Cards! We Pay $163 Billion In Fees Every Year!”
Parents in England are paying several hundreds of thousands of pounds extra for their homes in order to get their children a place at top state schools. Read more “Property Prices Rise Near Top State Schools”
The Spanish banking giant BBVA has completed the first successful trial of a new Distributed Ledger Technology (DLT) known as Ripple. Read more “Ripple’s Distributed Ledger Technology Successfully Completes 1st Pilot”
There are all sorts of reasons to send money overseas, but whether it’s for business reasons; paying the wages of an overseas employee, for example; personal, buying a property or sending money to a new country before relocating there; or family, paying for a son’s or daughter’s education perhaps; the same rules apply when searching for the right service.
Let’s take a look at the 5 things to look out for before making a transfer. It pays, literally, to plan in advance, take your time, and consider all the options available to you. You might be surprised how many there are. Read more “Sending Money Abroad – Top 5 Things To Check Before You Click Send”
As of 2013, the Russian Government introduced fines to Russian nationals on any transaction where money was sent to overseas bank accounts. The fines could range from 75% – 100% of any transfer to a foreign account if the transfer did not go through a Russian bank account. Those most affected were people renting flats in foreign cities or those that received payments for freelance work from non-Russian firms. The thought process behind these fines, was that it would help the government in their quest to stop capital flight and fight corruption. Read more “How To Move Money Out Of Russia”
There is a growing trend amongst US tech billionaires that the rest of the world is increasingly taking note of.
It all began with the news that Peter Thiel, the billionaire Paypal founder and early Facebook investor has earned New Zealand citizenship, which has allowed him to purchase a $13,5 million dollar estate near Wanaka, a resort town on New Zealand’s South Island, through his holding company Second Star Limited. Read more “Why Are Tech Billionaires Buying Up Property In New Zealand?”
UK Supermarkets giant ASDA has partnered with Ria Money, one of the world’s largest in-store money transfer providers, which operates in 145 countries, across 317,000 locations, to launch ASDA Money Transfers. Read more “Supermarket ASDA Launches Own Money Transfer Service”
The largest amounts of currencies transferred overseas have been researched by the Currency Index and some of the results have been very surprising, these large amounts of foreign currency are mainly from investors, but also those buying properties overseas.
When QROPS – that’s Qualified, Recognised, Overseas Pension Transfers to you and me, were first introduced in 2006, it proved to be an unexpectedly popular piece of legislation.
In the last, “last” Spring Budget, Chancellor Philip Hammond acted swiftly and decisively to introduce a 25% charge on UK pensions being transferred overseas, which came into effect the very next day. Read more “25% Levy On Overseas Pension Transfers Has Tax Advisors Scrambling To Find Loopholes”
Remittance Prices Worldwide (RPW), a subsidiary of the World Bank, has released its quarterly report on the costs of sending money across major remittance “corridors”.
Since September 2008, RPW has been monitoring the costs of international transfers, partly as a means to measure the progress of different regions towards global cost reduction objectives and targets, such as the G20 Commitment, which seeks to bring the average global cost of sending money abroad to less that 5% of the total sent. Read more “The World Bank Releases Latest Guide To Remittances Prices Worldwide”
Many British people every year choose to buy a property in France because of the wonderfully relaxed lifestyle France offers. The French have a strong appreciation for the good things in life and many consider them to be among the most cultured people in the world. They have good food and good wine and a more laid back style of life than in the UK, but there are things you need to consider when buying property in France. Read more “Top 5 Tips When Buying Property In France”
Call it bad timing, but no sooner had the European Union delivered the first Payment Service Directive (PSD), to provide a legal foundation for the introduction of SEPA, that’s the Single Euro Payments Area, which effectively created a single market for payments across the European Union, covering credit transfers, direct debits and cards, when the payments industry entered possibly its most “disruptive” period ever. Read more “Payment Services Directive 2 Explained (& An Infographic!)”
This guide is brought to you by The Money Cloud, where you compare the best rates for sending money overseas offered by top authorised brokers and money transfer agencies.
Remember when all you would hear during the ad breaks for your favourite television programme would be “there’s an app for that”.
This was a few years ago now, when apps were brand new and the likes of Apple, Google and Samsung wanted you to learn all about these mysterious new widgets that could solve your everyday problems at a cinch.
If we were initially sceptical, we certainly took to them in the end, but the trouble was, for every Tinder, Citymapper, or Uber, there were too many apps, rushed out by companies desperate not to miss out on the next big thing, or designed by Silicon Valley geek squads, that simply didn’t cut the mustard.
They were either too niche, too complex, too badly built, or simply released to act like Trojan horses, sneaking their way onto your phones and accessing your personal data to sell on to advertising companies.
It may have taken financial services institutions longer than most to come to the app party, but in fact, we should be thankful for that.
Banking and personal finance apps can now make a genuine difference to our lives, for the better. Here’s how. Read more “Can I Really Manage My Finances From A Smartphone App?”