Questions tagged [european-union]

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

Filter by
Sorted by
Tagged with
39
votes
9answers
20k 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 isn'...
29
votes
9answers
9k views

How can a resident of the European Union (not from UK) practically buy stocks? [closed]

I'd like to buy a little amount (say, 5000 €) of stocks. I know it's risky, especially for an absolute beginner like me. Maybe you would like to persuade me to start with stuff such as such as mutual ...
23
votes
5answers
9k views

The price dropped on an item I purchased 8 days ago. What can I do?

I bought a PC for € 2199 (about $2500 USD) 8 days ago. Today I saw that the same store where I purchased it sells the same product for € 130 less. Unfortunately, I can't just bring it back* and re-buy ...
18
votes
4answers
3k views

Dispute credit card transaction with merchant or credit card company?

I have US credit card that does not have PIN code. I tried to pay with it in Europe. Since merchant's PoS terminal could not accept signature and my card does not have PIN code they thought that ...
17
votes
8answers
3k views

I have an extra 1000€ per month, what should I do with it?

I've seen a few questions like this here, but they all seem to be adressed to Americans and their way of life. Let me explain: I am 27, single, live in Germany and recently got my first job, which ...
14
votes
1answer
6k 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 ...
12
votes
8answers
14k 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 up,...
10
votes
3answers
3k 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 ...
10
votes
3answers
2k views

What taxes to pay when working for a US company remotely from Europe?

Situation 1: Portuguese Citizen Starting job with US company, will be working from Portugal US company does not have any official presence in Portugal. So, where do I pay tax -- in US or Portugal? ...
9
votes
3answers
2k 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 ...
9
votes
3answers
2k 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 iShares,...
8
votes
2answers
12k views

What to do if asked to insert a 4-digits security code?

I own a MasterCard credit card. It has a 3-digit CVV code written on it, and I've always used it to make purchases. Now I'm in Ireland and everyone here wants me to insert a 4-digit code. The problem ...
8
votes
2answers
6k 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 ...
8
votes
4answers
2k views

How do I invest in an index with a small initial investment (E.U. question)

I just started earning a comfortable surplus for the cost of living of Poland. I have around 700 Euros every month of this surplus and I read that investing in index tracking funds has the higher ...
8
votes
1answer
384 views

How is road warrior's income taxed?

One UK tech company is offering me to work for them (ie. be on their UK payroll). I am citizen of Estonia. Since, in this job I will travel every 3 or so months between different countries (as in ...
7
votes
1answer
2k 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 ...
6
votes
6answers
494 views

If I carry a lot of money from Germany to Spain, what can go wrong?

Currently I have a bank account at Deutsche Bank with approximately 30k€ I have collected working and saving money. I want to move all this money to my Spanish bank account. I have already phoned them ...
6
votes
2answers
1k views

Is life insurance linked to mortgage always a good idea?

My husband and I are 30 years old, have stable jobs, and earn roughly the same salary. We are buying our first house, with a 35% down payment. The monthly mortgage works out to ~15% of our combined in-...
6
votes
3answers
4k 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?
6
votes
5answers
2k views

I need a car for 2 years. Buy or lease (or something else)?

My current situation: I live in UK I'll be soon moving to Europe I'll be back in UK in approx. 2 years I don't own a car at the moment When in Europe, I'll be needing a car. However, I'm not sure if ...
6
votes
2answers
3k views

Will I need to worry about “structuring” with wire transfers?

I am moving a large (for me) amount of money from a US bank account to a Danish one. Both are in my name. In order to even out the risk of transient exchange-rate spikes I'm planning to do it as a ...
6
votes
2answers
4k 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 ...
6
votes
1answer
303 views

With constant travel, is it possible to not have a tax residence?

We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of. The only taxes I'm ...
6
votes
3answers
627 views

Why does the Fed change rates in quarter points rounding?

I have always seen( since 1990s) that the Fed changes( cut/increase) interest rates in quarter point increment /decrements in USA that affect the world bond, stock market and borrowing rates, while I ...
6
votes
2answers
941 views

Buying an US ETF from Europe using Interactive Brokers

I am trying to buy an ETF using my account in Interactive Brokers. I am surprised to see that it is not possible. I am living in Europe and trying to buy an ETF in US dollars. Their response to ...
6
votes
1answer
665 views

Can a Croatian citizen start a company in Ireland, to reduce income taxes?

I'm a software developer freelancer with Croatian citizenship, and I need to start a company in order to pay income tax. It's my understanding that my home country will incur 20-40% tax based on my ...
6
votes
1answer
2k views

Loan to buy a real estate in Germany

Today I have a question about home-loans: I started saving money to raise a small capital in order to submit a request for a loan and since I am totally new to this topic (and some language barriers ...
6
votes
2answers
20k views

International transfer: is IBAN code enough for a transaction?

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 ...
6
votes
2answers
1k views

How should I invest my money as a young graduate in Europe?

This is related to this question, but that question's answers are 95% tailored for residents of the US, basically recommending to full out the 401k retirement plan and this and that about stock market ...
6
votes
1answer
477 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 ...
6
votes
0answers
236 views

Starting a trust fund in an EU country

I'm in a sudden and unfortunate need of starting a trust fund (money being the only asset) in an EU country (I'm afraid I need to rule out UK as an option) for a minor (not a relative of mine) that ...
5
votes
3answers
3k views

I still have my German bank account, but I'm not residing within the EU anymore. Can I use it to receive EU income?

I lived in Germany for 2 years (up until earlier this year) and used my Comdirect bank account to receive my salary while I was working there. Fast-forward and I leave my job and return to my home ...
5
votes
3answers
14k 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 ...
5
votes
1answer
607 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?
5
votes
3answers
2k 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 ...
5
votes
2answers
891 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 ...
5
votes
2answers
19k views

How to get money from bangladesh

The situation Recently we sold some property in Bangladesh. It gained a nice sum of money, but now we are a bit stuck on how to get it out. We can be flexible but prefer to transfer it to a west ...
5
votes
1answer
703 views

Should I sell stock in my US bank account before abandoning US tax resident status?

I am citizen from one of the EU countries who has been living in the US on H1B visa for few years. Now I am considering to move back to my home country in EU. I have some shares in my US bank account ...
5
votes
4answers
1k 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?
5
votes
2answers
200 views

Taxes for citizen of EU country #1 living in EU country #2 and working from home for non-EU country #3?

I'm an Italian citizen, looking to move to Czech Republic; I'm going to work from home for a Turkish company. Who do I pay taxes to, and what kind of taxes? Also, when do I start reporting what I ...
4
votes
5answers
10k 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 ...
4
votes
1answer
382 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 ...
4
votes
2answers
1k 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 ...
4
votes
1answer
152 views

Where are my US/UK equities stored?

I'm currently a resident of an EU country. I have a brokerage account open with my local bank, allowing me to buy international stocks directly on the NASDAQ/NYSE/LSE and other int'l exchanges. Am I ...
4
votes
1answer
1k views

What effect will Brexit have on EU-wide Deposit Guarantee Schemes (e.g. FSCS)?

Across the EU, the Deposit Guarantee Schemes Directive1 (DGSD) requires member states to operate at least one scheme to provide protection for deposits with regulated financial institutions within ...
4
votes
2answers
59 views

How does EU VAT work for physical service provided in non-home member state?

Assume I'm a VAT registered sole trader in Austria working as a handyman. As a one off, I go to Germany and paint a wall for a non-business, that is consumer. Which VAT rate is applicable and how do I ...
4
votes
2answers
3k views

Withdraw USD from PayPal without conversion to my home currency of EUR?

Is there a possibility to withdraw USD from Paypal to my EU country (our currency is EUR) without converting from USD to EUR on Paypal's side (because of Paypal's high conversion fee)? I have USD ...
4
votes
2answers
221 views

Is it possible to work in a country and pay taxes in another within the EU?

As an EU citizen and within the EU, is it possible to remotely work in one country and pay taxes in another? My particular case would be: Employed, registered and paying taxes in Ireland Living in ...
4
votes
1answer
130 views

National deposit guarantee schemes

I am just checking this FinTech startup called Raisin (previously SavingGlobal) where they advertise that you can make deposits on banks across Europe. They say, that each deposit is 100% covered by ...
4
votes
1answer
118 views

Is there a lower threshold for new EU VAT changes coming 1 Jan 2015 related to the sale of digital goods?

I've heard that sales of digital goods into the EU will need to have VAT charged at the customers country VAT rate from 1 Jan 2015. The seller will then need to either file a VAT return in each EU ...