Leaving the UAE – Implications of moving your assets

11 Sep 2019

You’ve spent the last few years building your financial nest egg in UAE, and have now decided its time to return home or move onto the next international adventure?

There are many aspects to consider before moving

  • Process of transferring funds back home or onto your next international residence
  • Forex fees for transferring money
  • Investing your funds once transferred
  • How to mitigate any tax liabilites from your home country or new country of residence
  • Selling any properties or assets
  • Reviewing validity of life insurance policies and wills in new country

It is advisable to give yourself enough time to do your research and get suitable plans in place. Planning for a 12 month transition period to get things sorted, could prevent any issues and last minute red tape.

deVere Acuma specialises in financial advice for expatriates and international investors, and have many years of experience and expertise to help create a bespoke repatriation plan that suits your individual needs. They have offices all over the world and will continue to take care of your financial needs no matter where you are relocating to.

Set up an appointment with your deVere Acuma adviser to discuss all the financial implications of moving back home or to another country. [email protected]

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere Acuma adviser for a personal consultation.

* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.