Happy New Year!
Subscribe to our newsletter for the latest expatriate news, views & analysis. No spam, unsubscribe anytime.
As we step into a brand-new year, we want to take a moment to reflect on the unique journey of expatriates around the world and extend our gratitude for being part of our global community. Whether you’ve recently embarked on your expat adventure or are a seasoned international resident, your resilience and adaptability are truly inspiring.
Reflecting on 2024
A Year of ChangeThe past year has brought significant developments for expatriates across the globe. From tax reforms to residency updates and shifts in political landscapes, 2024 has been a year of both challenges and opportunities.
In Cyprus, tax policy adjustments aimed at attracting digital nomads and high-net-worth individuals have made waves, offering fresh opportunities for expats seeking favourable financial arrangements.
Meanwhile, the UK has introduced new tax regulations for non-domiciled residents, impacting many expats with ties to the country.
For those in other popular destinations such as Portugal or Spain, evolving residency requirements continue to shape the way expats navigate their new homes.
Global Political Shifts
Political changes have also left their mark.
In the UK, a year of political uncertainty has sparked debates around immigration and overseas voting rights.
Across the Atlantic, the USA has seen shifts in immigration policies, tax enforcement for foreign income, and discussions around dual citizenship laws.
In France, reforms aimed at attracting international talent have brought new opportunities, alongside changes to wealth and inheritance tax structures.
For expats, staying informed and proactive has never been more critical. Each of these changes highlights the importance of understanding the evolving landscapes in your host and home countries.
Looking Ahead to 2025
As we move forward, here are some key areas to watch:
Tax Changes
Countries like Cyprus and Malta are set to refine their expat-friendly tax incentives, while the UK’s tax policies for overseas income are likely to see further developments. Expats in the USA may face increased scrutiny on foreign asset declarations.
Residency Updates
Residency programs in Europe continue to evolve, with stricter requirements in some countries balanced by new visa categories in others.
Political Climate
With elections and policy shifts on the horizon in key nations, expats should remain engaged with changes that could impact their status, benefits, or ability to move freely.
Navigating the Future Together
At ProACT we’re committed to supporting the expat community through these transitions. Whether you need guidance on tax planning, understanding new residency rules, or adapting to political changes, we’re here to help.
We want to thank you for trusting us to be part of your expat journey. Your courage and adaptability inspire us to provide the resources and support you need to thrive in a globalised world.
Here’s to 2025!
As the New Year begins, we encourage you to embrace the opportunities ahead with optimism and confidence.
From all of us at ProACT Partnership, we wish you and your loved ones a Happy New Year filled with health, happiness, and success.
Warm regards,
ProACT Sam
Need help & Guidance?
We offer a free review of your situation to determine best way forward, alternatively you can contact us.
