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Month: November 2018

How do Expats impact society?

I was recently reading the findings from the 2018 Human Development Index (HDI) report. There are now 59 countries in the very high human development group, an improvement of 13 in the last 8 years. Whilst reading through, I wondered what impact expats are having on their host countries. You could say that they are helping to boost the economies of said countries or you could go so far as to say they are having a negative impact on their home country by leaving. So I started to look into how expats are impacting society as a whole.

Vietnam recently ranked in the top 3 countries for career prospects in the 2018 Expat Insider Survey, however in the HDI they only ranked 116 out of 189.  When looking at the opportunities available in Vietnam, it became clear that a third of expat opportunities are within the teaching or research sectors. It leads you to question if these expat teachers and academic staff are helping to improve the quality of schools in Vietnam and therefore having a positive benefit on society.

There are so many benefits to hiring expats. Not only do they come with fresh approaches and new knowledge but they also bring in opportunity, diversity and new skills. I personally feel that more companies need to branch out into hiring expats. The talent pool out there is vast and you’d be missing a trick not to consider it. A recent study showed that Canada is one of the many countries facing a Tech skills shortage. The study reported that there will be a shortage of 216,000 workers by 2021. What’s my advice? Hire expats.

Let’s consider how hiring expats impacts the economy. It is proven that the average expat can expect to earn an extra $21,000 a year. This is more money going into a countries taxes and ultimately more money being invested into the economy. Earlier this year studies showed that the UK remained the number one destination for inward investment.

Inward investments are so important for developed cities as well as under developed cities. The investment in the infrastructure of emerging market countries will not only improve quality of life but will also provide jobs and higher wages. The investment in start-ups will also help the tech and financial industries to thrive too. More and more governments are now starting to see the value in offering start-up growth accelerators and it’s not hard to see why.

This is part of the reason why I wanted to grow the Expatland Global Network. So we had a group of trusted, industry experts at hand to make the lives of expats that little bit smoother. I will always sing the praises of joining the vast, global expat community, which has enormous influence and brings a valuable new perspective to communities and organizations. Whether you leave your homeland in search of a better job, improved quality of life, or just to broaden your horizons with new experiences, the expat life can prove hugely rewarding.

By John Marcarian, Founder, Expatland

Savva & Associates

Savva & Associates, is a CySEC licensed fiduciary and corporate services provider, engaged in the fields of investor immigration, taxation, corporate administration, accountancy, fiduciary, investment funds, international trusts, special-license companies and business advisory services based in Cyprus. Since 2010, we have been the fastest-growing professional services provider in Cyprus, as a result of having one of the strongest technical teams on the island, adopting a service-minded approach unseen among our competitors and being the most cost-efficient Tier 1 provider in Cyprus.

We have the largest investor immigration services team in Cyprus, assisting families from all over the world successfully apply for citizenship via the investment route.  Our team of highly experienced professionals can advise you further on obtaining Cyprus Citizenship by way of Investment through the Cyprus Investment Programme, on the basis of your particular facts and circumstances.

Further to our expertise in investor immigration, we work with many of the world’s largest international tax and accounting firms, including BIG4, to provide high level Cypriot and international tax advisory services, and also provide formation and ongoing administration services regarding Cypriot vehicles (private companies, trusts, regulated investment funds, etc.).

Contact:

Mr. Charles Savva, Managing Director

c.savva@savvacyprus.com or info@savvacyprus.com

+357 22 516 671

www.savvacyprus.com

Emigra Worldwide

Emigra Worldwide is one of the world’s leading global immigration companies, providing a single source for full service, end-to-end processing of immigration and consulting related services.  Our integrated U.S. and global immigration practice is one of the largest standalone corporate global immigration providers in the world.

Nira Segaran | Country Manager, UK | Emigra Worldwide

5th Floor, 42 Moorgate | London, EC2R 6EL| United Kingdom

+44 (0) 20 7766 5018 Direct | +44 (0) 207 766 5001 Fax | +44 (0) 7764 326 208 Mobile

nsegaran@emigra.com | www.emigra.com

Iain Crichton – Independent Relocation Consultant

A Relocation & Global Mobility Consultant with an extensive contact network in the UK and overseas.

Check out website & “Ethos in Relocation” Video on this link  www.iaincrichton.co.uk

Check out Acceptance Speech on this link   https://youtu.be/yEi-99zkuzg ARP’s award for an Outstanding Contribution to the Relocation Industry in the United Kingdom

Contact

Iain Crichton

Chiswick, London, W4

Mobile: + 44 (0) 7976 293 463

Email: info@iaincrichton.co.uk

Website: www.iaincrichton.co.uk

PTE Academic

PTE Academic is the world’s leading computer-based test of English for international students seeking to demonstrate their language proficiency. Results are accepted by governments for immigration applications and thousands of institutions worldwide already accept PTE Academic scores for study abroad, including the prestigious Harvard Business School, INSEAD and Yale.

PTE Academic test sessions are run over 360 days a year in more than 50 countries worldwide including: India, China, Vietnam, Malaysia, Korea, Saudi Arabia and Turkey. For the full listing of test centres, and to learn more, visit: pearsonpte.com

Contact details:

Name: Richard Simpson

Title: Client Relationship Manager

Email address: richard.simpson@pearson.com

Contact number: +44 (0)7885 224 816

Company website: pearsonpte.com

Antipodean Currencies Falling to Year to Date Lows – why?

Year to date the Aussie and Kiwi dollars have retreated ~ 14% & ~ 12% respectively vs the US dollar. And from late AUG – OCT the Aussie and Kiwi retreated ~ 7.5% & ~ 6.5% vs. the pound. Great outcomes for those looking to covert USD or GBP back into AUD or NZD but terrible news for those who have to convert AUD or NZD into USD or GBP.

So another month has passed with the antipodean currencies falling to year to date lows – the driver again the deteriorating trade relationship between the US + China and the negative impact this had on the Chinese Yuan.

With the Chinese Yuan falling to levels not seen since early 2008 and the outlook for Chinese economic growth looking grim – the Aussie and Kiwi dollars suffered as a result as doubts grow that China can sustain its levels of trade. Specifically for the Australian economy – the export of iron ore and other resources and in the case of New Zealand – dairy exports.

Trump proceeding with implementing tariffs on all Chinese imports to the US would have a knock on effect of less exported goods from the ANZ to China.

Falling to ~0.7020 US Cents and  ~0.6420 US cents respectively, AUDUSD and AUDNZD fell to levels not seen since early 2016 – also a period when there were serious concerns over the growth outlook for China.

But just as quickly as the currencies logged fresh lows, a stunning recovery occurred to start the new month as positive headlines announced that Trump would like to push forward with a trade deal and the UK and EU may be nearing a BREXIT agreement.

With no concrete details to substantiate these headlines, it remains to be seen in the Aussie and Kiwi dollars have finally found a floor for 2018.

Managing your currency risk

XE provides you with some pointers to share with your clients that will help with larger volume transactions.

KEY DATES FOR NOVEMBER:

08 NOV – US Midterm Elections

09 NOV – US Interest Rate Decision

15 NOV – AUS Employment Data

Mid NOV – Italian Budget announcement

21 NOV – Global Dairy Auction

20 NOV – RBA Meeting minutes

28 – RBNZ Financial Stability Report

29 NOV – US Gross Domestic Product

Contact and Author:

Marcus Phillips

Director of Affiliates &
Partnerships Australasia

XE.com

Phone: +64 27 250 9416

Marcus.Phillips@xe.com

Visa Check – Licensed UK Immigration Adviser

VisaCheck UK is a London-based provider of high-quality immigration and visa advice with straight-forward pricing that is tailored to our client’s needs. From basic visa application and document checking to full immigration representation, we have the services and expertise to meet a wide range of needs (and budgets) for people looking to remain in or immigrate to the UK.

Contact details:

Name: Dillon Cane

Contact Number:  +44(0) 7392808294

Email Address: admin@visacheck.co.uk

Website: https://visacheck.co.uk/

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