Last Friday, 19th of July, the world has experienced a massive IT outage. From airlines to financial services, a wide array of industries are affected. Insurance companies could face a series of business interruptions or cyber insurance claims following this incident initiated by CrowdStrike. Wonder who would be liable for this overwhelming financial loss? This…
In a controversial move that has sparked debate about work-life balance, economic growth, and the future of labor across Europe, Greece has become the first European Union (EU) country to introduce a six-day working week for certain sectors. This new labor regulation, which took effect on July 1, 2024, starkly contrasts the global trend of…
For expats starting a family abroad, understanding how to file maternity insurance claims abroad is crucial to avoiding unnecessary out-of-pocket payments. You need to understand what services require pre-certifications and pre-authorizations so they can be claimed when you begin the claims process. Are you an expat family expecting a new family member? Are you looking…
In order to meet regulations, expats in China are required to apply for relevant visas and permits that meet their purpose, such as business visas, work visas, work permits, and residence permits. These ensure that expats can enter China for business or to live and work upon arrival in China. Are you interested in working…
The special visa categories in China can be quite complicated, with visas for different reasons to enter the country, each with different requirements to fulfill. Whether you are visiting China to visit a relative, tourism, or you are planning to relocate to China as an expat, you will need a visa. Are you planning to…
There are over 12 different types of visas offered by China to foreigners traveling to their country. These include work visas (visa Z), business visas (visa M), student visas (visas F, X1, and X2), and more. There is a $140 visa application fee for U.S. citizens who apply for a Chinese visa. In addition to…
To add to our list of achievements this year, Pacific Prime was honored with AXA’s Top Sales – International Broker Award 2024 on April 25th at the Intercontinental Thailand during the AXA Awards 2024 Ceremony. The event, titled “Journey to the Everest,” honored the accomplishments of top industry performers. Given Pacific Prime’s outstanding performance in…
Moving to Mexico from France can be done through obtaining a temporary resident visa, finding a place to live, and careful planning. Temporary resident visas allow foreigners to stay as long as four years, and if you’d like to stay longer, you will need a permanent resident visa. Are you considering moving from France to…
The Consolidated Appropriations Act, 2021 of the United States seeks to promote fairness, efficiency, and accountability with employer-sponsored health insurance. It aims to enhance transparency of healthcare costs and coverage details, so employees can make informed decisions. Pay transparency is another trend in the corporate world. It involves sharing employee salary information and compensation structures,…
How much income tax a Canadian expat must pay in Mexico depends on their tax residency, income level, and how many deductions and credits they can claim. Their claims are based on mortgage interest, charitable donations, retirement savings, medical expenses, and more. Mexico and Canada have entered into a tax treaty so that the same…
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