Expat life in Dubai: Financial Concerns, Part 2
Expatriate Life in Dubai
What are expats in the UAE most concerned about when it comes to their finances? What is expatriate life like in Dubai?
We really wanted to know.
You see, our motto is to create personal success stories with you at the very heart of them. To do our job, we needed to know what was worrying you.
So we decided to do something about it. We launched a far-reaching campaign to get in touch with you, and find out more about your top of mind financial worries.
Spoke to existing clients, and prospective ones. We reached out to veteran expats and those of you just starting your expat adventure.
And here’s what we found – a full 83% of you were concerned about tax planning. Yes, even long-term expats.
Taxes don’t go away just because you have. And it’s not just the taxes you’re liable for now that can hurt but also those you might pay later when accessing your savings.
You were worried about tax surprises hurting your financial health. So we decided to help – just as we’ve personally helped many of you tax-optimise your portfolios.
We have created an Expat Wealth Protection Guide that helps you think about tax the right way. We addressed common concerns and set you on track to ask your advisers the hard questions – such as:
- Am I still legally a UK resident or UK-domiciled, and what does that mean for my taxes?
- Are my savings taxable when I return home?
- What happens tax-wise to any real estate I own?
For further information on expat life in Dubai click here for part 1.
If you’re an expat in the UAE concerned about tax liabilities despite being in a low-tax environment, get in touch with me today.
Mike Coady is a financial advisor in Dubai and is on hand to help with all of the above and more. We offer advice on fiduciary and trusts, managing your finances and more, so contact us today for help.
Mike is an award-winning money coach and industry leader in the financial sector.
Qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Founding Fellow of the Institute of Sales Professionals (FF.ISP), a Fellow of the Institute of Directors (FIoD) and featured as a highly qualified Financial Adviser in Which Financial Adviser.
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Blog published by Mike Coady.