Tagged Questions

for questions that relate to the laws, practices, and products of the European Union (EU).

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0
votes
0answers
18 views

selling online services in EU from Dubai [closed]

I am starting a company, which is going to sell online services in EU from Dubai (United Arab Emirates). I am new in online selling. Do I need to have a bank account in an EU country? I suppose I ...
2
votes
1answer
86 views

Letters in IBAN: How to calculate the hash

Until I got an account in France, I didn't know that you can have letters in your account number. Since it's in EU, I've got IBAN with the account, which shows the letter as well, and it has a ...
1
vote
1answer
115 views

European vs. American mortgage underwriting with regards to the health of the borrower

Whenever I hear about a European mortgage application process, there are always health records involved. They want to know that the borrower is likely to outlive the mortgage (or most of it, I guess). ...
2
votes
1answer
42 views

Possibility of donations in an educational site

I would like to create a site with a series of lectures in video form. The lectures will concern the presentation of philosophical books. Would it be possible for people to donate a small amount of ...
2
votes
1answer
80 views

What are online payment options with no chargeback protection?

What exactly are chargebacks and chargeback fraud? Is it a complaint about not receiving the product, or is it about the customer saying that he did not authorize the payment? If I understand ...
2
votes
1answer
47 views

Tax documents in Italy

One of my cousins had a major injury on the road in Italy - January 2013. Previous to that he has decided to move there, and had all the required documents, residency, health insurance, IDK. For now ...
4
votes
2answers
138 views

What are the lowest-expense index funds available to an EU citizen?

I see people talking about 0.05% expense ratios, presumably meaning the Vanguard S&P 500 fund. Vanguard advertises an average expense ratio of 0.19%. Sounds great. But the index funds from ...
0
votes
2answers
111 views

Does freedom to provide services allow me contracting in Germany without paying taxes there (but in my home EU country)?

The freedom to provide services is one of the fundamental rules of European Union. However, when considering contracting in Germany, I was informed I can't do that with my Polish single-person ...
0
votes
2answers
99 views

Validity of Visa Electron abroad

I have a Visa Electron card: debit, non-embossed, French, being a "REALYS" and "CB" as well. I would like to ask what is the validity of such card abroad in cash machines (namely in the Czech ...
4
votes
1answer
110 views

Is it true Visa & Mastercard can choose a more beneficial date (for them) for the exchange rate on a foreign transaction?

Whenever I pay abroad (or online) with my debit card, the amount charged is in a currency other than my card's own. I am aware Visa/Mastercard charge for a foreign currency conversion. I heard a ...
1
vote
2answers
134 views

Why do the banks charge for using credit card in ATM?

When I look at the credit card offer in several banks, they always have some price on withdrawing money from ATM (at home, not abroad), e.g. "3.5%, at least 2EUR" or similar. Why aren't there credit ...
3
votes
3answers
2k views

Can merchants tell the difference between a credit card and embossed debit card?

I don't have a credit card, still some merchants (e.g. car rental companies) require a credit card to use their services. If I have an embossed debit card issued, may I be confident to use it when ...
4
votes
5answers
1k views

Should I buy my first car with all of my savings?

Note: I live in Europe. Hopefully - In a few months time I will be (age) legal to drive, and after getting my license I'm thinking of getting a BMW E46 after years saving up cash from my full-time ...
2
votes
1answer
112 views

Looking to invest a part of my savings in state loans (bonds), how do I approach this?

I've read in several sources that once you have a certain amount of money it makes sense to invest it, rather than putting it in a savings account. Which makes sense since taxation on investments can ...
2
votes
1answer
788 views

How does remittance work? How does it differ from direct money transfer?

I have a bank account in Germany in which I receive my salary in Euros. I want to deposit a part of it in my Indian bank account for personal savings. My Indian bank account is in INR. As I see it, I ...
7
votes
1answer
737 views

How do euro hedged index funds work?

I was trying to find a S&P 500 tracking fund and came across this one. db x-trackers S&P 500 Euro Hedged Index UCITS ETF. Can anyone explain what the Euro hedging means and how it is supposed ...
1
vote
1answer
293 views

How can a beginner start an investment portfolio in Europe (France)?

I have been lurking, reading information about personal finances for a few months (if not years) now, but I didn't get the chance to start because I don't know where to start. Here is the thing: I am ...
2
votes
2answers
347 views

Can I deduct taxes for home office as a freelance computer software developer?

I am currently working as a freelancer in Belgium for a company developing computer software. In the contract it says that the work is done at client's office and each day I work from the office. I've ...
0
votes
1answer
126 views

EU deposit guarantee fund for failed state guarantee

I am not able to find reliable information on this topic. Generally speaking, all deposits in EU banks are secured by national guarantee fund up to about 100k. Image a national fund would fail because ...
0
votes
1answer
413 views

VAT and duties payable when importing personal goods from Switzerland and the Channel Islands to the EU?

Switzerland is a pretty murky one: it's part of the Schengen zone (so there are no physical borders) but it's not part of the European Union Customs Union so you have to pay duties when exiting and ...
1
vote
2answers
3k views

U.S. VISA gift cards and usage in Europe; technical and/or legislative insight?

Can you use any U.S. gift card anywhere in the world to pay at a counter with a VISA logo? I read on some web sites that U.S. gift cards don't work in Europe, but no reason was given, others were ...
2
votes
2answers
3k views

International transfer: is IBAN code enough for a transition?

Do I need to know the bank name if I want to electronically transfer money to a private and I only know his name, surname and IBAN ? It seems that I need to know the BIC (SWIFT), or the bank name, in ...
1
vote
3answers
277 views

Index funds options for European Union citizens

U.S citizens can easily purchase Vanguard etfs to invest in indexed stocks or bonds. Are there any similar options for EU citizens, and which?
1
vote
1answer
125 views

Short term savings

I want to save about €1500 ($2000) in 5-7 months and then take out the money and buy something specific. There is a pretty low probability that I should need some of it during the first 4 months, but ...
2
votes
1answer
42 views

Do we know the simulated shocks used in EU bank stress tests?

The official document released only contains the outcomes of the stress tests. Does anyone know what shocks were specifically used? Was that information publicly released? Please note that the fact ...
7
votes
3answers
1k views

How can a person protect his savings against a country default?

I'm a middle-class citizen, currently living in a EU country (Greece in my case). How can I protect my little savings (that I currently have in a Greek bank) against a country default, like the one ...
6
votes
1answer
566 views

What is the usual delay for a SEPA transaction?

I wired some money from France to someone having an account in Germany, using a SEPA (Single Euro Payments Area) My bank acknowledged the transfer, and the person is telling me his didn't. He is ...
4
votes
2answers
486 views

Does a European country take out tax from paycheck for a contract employee who is a US citizen?

If a US citizen works in a European country whose currency is Euro for a European company on a contract job (which pays by the hour), does the company take out tax deductions in advance from the ...
6
votes
2answers
2k views

If a US citizen works in Europe as a consultant, what are the tax consequences?

I am US citizen and professional software consultant. If I get a contract position, lets say in the UK or Switzerland for a European company, do I pay taxes to that country, or to IRS? Does it matter ...
12
votes
8answers
5k views

Can I buy only 4 shares of a company?

I haven't traded yet online but I wanted to try, just to see. I'm in Europe and I'd like to buy 4 shares of Apple (it's about $344 as I write this, so I would invest about $1376). Can I just open ...
5
votes
4answers
454 views

Should LLC be opened in US or overseas?

I am a dual US and EU citizen looking to open an investment holding company under an LLC. For optimal tax circumstances, should the LLC be opened in the US or overseas?
2
votes
2answers
207 views

ESPP taxes after relocating from Europe to the United States?

I was working for company X(Europe) where I was enrolled in ESPP (Employee Stock Purchase Program). After a few months when I sold the stock I received an offer from the X(US) "the mother company" to ...
1
vote
1answer
104 views

Using stock markets in Europe, how can I buy commodities / resources, to diversify my portfolio?

I am in Europe and I would like to differentiate my portfolio in buying resources, such as oil, sulphuric acid, titanium etc. Of course not in material form, but as stocks. How can I achieve this?
4
votes
1answer
399 views

Considering inflation, what's the value of Euro today (January, 2011) compared to 2005?

So what would be 1000 Euro from 2005 worth today (January, 2011), considering the inflation?
3
votes
2answers
367 views

How does moving to another country affect ones savings & investment plans?

The question is related to this one, but I am more interested in investments than savings. Here's my situation. I'm in my 20s and I'm currently in the US, but a EU citizen; I have saved up a bit of ...
3
votes
1answer
167 views

Why are gasoline prices so hugely different between America and Europe?

I noticed in several cases it's triple or more.
10
votes
3answers
1k views

Why can't a US state default, but a EU state can?

I'm new here so I'm not sure if this type of question is appropriate on this site. I live in the EU (Italy) and I'm quite concerned (probably not the only one now in EU) about the possibility of some ...
30
votes
8answers
14k views

What happens to my savings if my country defaults or restructures its debt?

I live in a eurozone country that a lot of people think will soon default or restructure its debt. My family has a savings account in a bank here. A similar question has been asked before, but it ...
4
votes
1answer
247 views

Wandering EU worker: Pension / retirement fund if working in multiple countries?

I am European, always worked in Europe in many different countries, and I have pension funds scattered around all the old continent. The EU legal system does not allow pension fund transfer among ...
7
votes
3answers
480 views

Which EU or Turkish bank will issue a debit card to a non-resident from Ukraine?

I live in Ukraine and I want to get a debit card in any other country, preferably in EU or Turkey. Please advice a bank which can issue this kind of card (debit card) for me.