Top 5 Tips When Buying Property In France

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

How To Move Money Out Of Russia

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

Top 5 Reasons Why You Should Stop Using Your Bank for Transferring Money Abroad

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

Overseas Hotel Investment & Management

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.

Independent management

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Top 10 Reasons Why People Transfer Money Overseas

An international money transfer is a service that allows you to send money overseas for whatever reason; this can be carried out using your normal retail bank account, international money transfer operators (such as Western Union), FX brokers and peer-to-peer companies. Here at The Money Cloud, we can help you transfer your money internationally, but what are the most common reasons where you would need to use an international money transfer service? Read more

Emigrating for Work? How To Make Your Money Go Further

With promises of warmer weather, fantastic opportunities, and exciting cultures to explore, it’s no wonder that more than 300,000 people in the UK opt to emigrate to other countries each year. Australia and Canada are two of the top choices for Brits, especially those moving for work purposes, so what are some the best ways to ensure your move goes as smoothly and as enjoyably as possible? Read more

BREXIT: HOW WILL IT AFFECT THOSE LIVING OVERSEAS?

Although we don’t quite know how the UK economy will change as a result of Brexit, what we do know is that many of the news sources are focusing almost exclusively on how those living in the country will be affected. But how about those living abroad? British expats, EU residents, and even those living elsewhere in the world are beginning to ask how they might be affected by the result of the referendum, and want to ensure that they’re doing everything they can to protect themselves, and their money, at this time.

Business as Usual for UK Expats

If you’ve waved goodbye to drizzly England and taken up residence on sunnier shores, don’t panic. You’re certainly not alone – an estimated 1.3 million Brits live on the continent thanks to the free movement laws within the EU – and despite what some scaremongers are saying, it’s very unlikely that you’ll become an illegal immigrant overnight. While we can’t predict the future, it is suggested that the UK will enter into some sort of agreement with the EU. Think about Norway, for example. Although they are not a part of the EU, British citizens are still able to live and work in Norway without the need for a visa.

Perhaps the biggest concern for Brits living abroad is money transfers. If you’re receiving a UK salary or UK pension, unfavourable currency exchange rates can have an impact upon day-to-day life. But depreciation is nothing new. In fact, the pound was actually lower against the euro in December 2008 than it is following the referendum. People overcame this by using dedicated FX services such as The Money Cloud who can provide big savings on international money transfers; it’s no different this time around.

Good News for EU Residents

If you live in another EU state and have been thinking about coming to live and work in Britain, experts are saying that you will still be able to do so. ‘It will still be possible to employ personnel from EU member states’, says Omer Simjee of Irwin Mitchell Solicitors. There may be a little extra work to be done, and a few more ‘administrative costs’, according to Simjee, but it is expected that emigration from EU states to the UK for work purposes will not be significantly affected by the result of the referendum.

A Boost for the Developing World

Many countries around the world have voiced concern that Brexit will not only affect the European region, but elsewhere, too. However, it is possible that the situation will be beneficial to many of these countries, particularly those in the developing world. If the majority of UK trade is shifted from the EU, it is likely that the Commonwealth nations will be a major focus. Countries such as India, Kenya, and Pakistan could benefit significantly. Fortunately, services such as The Money Cloud make it easy to send money abroad, and receive money from abroad, providing the best currency exchange rates for trade.

By Emmanuel Addy – Emmanuel has over 12 years’ experience of developing partnerships in the FX/digital payments sector. He has also worked alongside Huw Jenkins, in money transfer comparison since the sector began before consolidating his experience to co-found The Money Cloud.

Offshore Money: The Good, The Bad And The Economy

Following the leak of the Panama Papers, offshore banking – and its capacity for exploitation by the rich – has been hitting headlines more than usual. Moreover, just before the 2016 anti-corruption summit – which took place in London at the beginning of this month – a large group of the world’s top economists put their names to a letter which called for an end to tax havens. Read more

Are Safe Haven Assets & Currencies Future-proof?

It’s a tough time for the global economy: the increasing volatility of the Japanese and Chinese economies, Greece potentially exiting the Eurozone and tumbling oil prices are all contributing to growing uncertainty.

In this kind of climate, there’s usually one thing on investors’ minds – to ‘futureproof’ their assets. This often means moving them to ‘safe haven’ currencies. The last few months haven’t, however, seen the usual cash flows from unstable to stable currencies. What’s going on and what will it mean for international money transfer?

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Property Buzz: All You Need To Know About Real Estate Tech

In the past, real estate has often been seen as a business of relationships, reliant on contacts and personal connections. While that’s still hugely important, software trends are also becoming increasingly vital to the real estate industry. In the past year alone, venture capitalist projects have raised over $1.5bn US dollars towards software that could streamline your experience in the real estate market. Here’s a quick breakdown on what’s been going on.

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The Unbanked: How Social Networks Could Succeed Where Banks Have Failed

In the developed world, sending money domestically is as simple as logging onto online banking. If you want to transfer funds in or to the developing world, however, you’ll often come up against a fairly fundamental block: the ‘unbanked’ phenomenon. But could the growing numbers of online platforms, from Gmail to Facebook, stepping up to the payment plate help societies break through the unbanked barrier? Read more

Contactless Card Theft: How To Safeguard Your Data From A Counterfeit Reader

Near field communication (NFC) has revolutionised the way we pay. However, it also means our contactless cards provide a more accessible route to our bank details. While these advances have made life easier for us, they’ve also made life easier for those looking to discover such information. Here’s what you need to know about contactless theft and how to avoid it. Read more

Here’s Everything You Should Know About The Right To Be Forgotten

Laws granting the ‘right to be forgotten’ might seem like they’re about isolated cases of image control. In fact, this legislation could have huge implications for storing all types of information. As debates about whether Europeans can protect their data on a worldwide basis rage on, observers are starting the wonder where the laws end.

What’s going on? Read more