Wealth Management and Private Banking - EEG Web

The Tax Residency Certificate in the UAE: Certainty in Uncertain Times

April 13, 2020

While there are very many things in the world that are currently a source of uncertainty and worry, if you are an expatriate, or otherwise internationally-mobile in some capacity, your residency and tax affairs do not have to be one of them. We will examine the benefits of obtaining tax residence and a tax residency certificate in the United Arab Emirates, as well as look at the avenues that tax resident status can open up for those who choose to base their economic and familial affairs in the region. But first, a brief overview of the Emirati tax system As you might already know, the UAE is a Gulf nation that consists of seven emirates that are Abu Dhabi, Ajman, Dubai, Fujairah, Ras

What to Know About the DIFC Wills and Probate Registry

January 9, 2020

Having a will is crucial for protecting assets and ensuring your family’s legal. Doing so is even more critical if you’re a foreigner living in the United Arab Emirates, as the consequences of not being prepared could cause significant implications for your dependents. Fortunately, the DIFC Wills and Probate Registry has a solution that can help you mitigate those issues in an optimal outcome. Why you need to have a will in the UAE In the case of the untimely death of a patriarch and if there’s no will in place, inconveniences will arise. The consequences of not having a will start with outcomes such as the cancellation of dependent visas or freezing bank accounts. Not only that, if you lack a

How to File a UK Self-Assessment Tax Return

January 1, 2020

Almost 12 million people had to file an annual UK self-assessment tax return by the 31 January 2020 deadline. How do you know if you are a UK citizen or resident that must submit a self-assessment tax return? We’re shedding light on who must submit a UK tax return and how you can complete and submit a return. What is a tax return? In most jurisdictions, individuals who receive income other than from regular employment, such as from investments and property from foreign sources, must report this to their local tax authority. They usually carry this out on a form known as an income tax return or a self-assessment tax return. The pertinent tax authorities use the information that you report on an income tax return or

Why You Should Set Up Your Family Office in Monaco

November 25, 2019

Are you interested in setting up a family office? Monaco is one of the best locations to set up a family office for wealthy families or high net-worth individuals. What makes the family office stand out? A 2017 Bloomberg study declared that “[f]amily offices have become the vehicle of choice to protect and preserve assets for future generations.” The family office of yore is also changing, and we’ll go into not only the advantages of establishing your family office in Monaco but how you can transform yours to endure in the future. What is a family office? While the origin of the term family office relates to an entity created to manage the wealth of families or high net-worth individuals (HNWIs) and ensure the sustainability of all