Best and worst countries for expats

Best and worst countries for expats

With the clock now ticking on the UK’s departure from the European Union, some people are rethinking their living and employment situation. Click through the slides below to find the best and worst expat destinations, according to research firm InterNations.

Published : 29, Mar 2017
Financial advice hit by UAE value-added tax, not life products

Financial advice hit by UAE value-added tax, not...

Details of the VAT system to be introduced for the first time in the UAE reveal that the standard rate of 5% will be levied on fee-based financial advice but not on the sale of life products.

Published : 28, Mar 2017
Deadline approaches for Dubai health insurance

Deadline approaches for Dubai health insurance...

Dubai residents who fail to secure mandatory health insurance cover before 1 April will face a fine of AED500 (£109, $136, €126) per month and risk their visa status.

Published : 27, Mar 2017
Petition against South African expat tax launched

Petition against South African expat tax launched...Lock icon

A petition against new legislation that would force South Africans working in countries with no income tax to pay tax in their home nation went live on Sunday.

Published : 27, Mar 2017
UK/UAE treaty allows expats to cash out pensions tax free

UK/UAE treaty allows expats to cash out pensions...Lock icon

A new UAE-UK double tax treaty, which came into force on 1 January, means that British expats over 55 residing in the Gulf state can cash out their full pension pot entirely tax free, according to David Denton, head of international technical sales at Old Mutual Wealth.

Published : 27, Mar 2017
Global billionaire numbers fall

Global billionaire numbers fall

There were 2,397 billionaires across the world in 2016 with a combined net worth of $7.4trn (£5.9trn, €6.85trn), lower than reported in the previous Billionaire Census survey.

Published : 23, Mar 2017
Holborn Assets ordered to immediately cease pension transfers

Holborn Assets ordered to immediately cease pension...Lock icon

The UK Financial Conduct Authority has ordered Holborn Assets Ltd to immediately cease all pension transfer business, particularly that introduced by overseas advisers.

Dubai’s DIFC slashes start up costs for new fund managers

Dubai’s DIFC slashes start up costs for new fund...

The Dubai International Financial Centre (DIFC) has scrapped the application fee for setting up as a fund manager in the free zone as competition with rival financial hubs in the region heats up.

Published : 20, Mar 2017
UAE minister sets prospective VAT for Gulf at no more than 5%

UAE minister sets prospective VAT for Gulf at...

VAT no higher than 5% will come into force from 1 January 2018 in the UAE and other Gulf States covering most products and services.

Published : 16, Mar 2017
UAE and Saudi Arabia life industry face consolidation says S&P

UAE and Saudi Arabia life industry face consolidation...

Regulatory pressures and fierce competition will lead to significant consolidation of the life industry in the UAE and Saudi Arabia over the next two years, according to a report by S&P Global Ratings.

Published : 15, Mar 2017
Dubai's DFSA signs cooperation with ESMA

Dubai's DFSA signs cooperation with ESMA

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have signed a new information sharing and cooperation agreement.

Published : 23, Feb 2017
Market opportunity for critical health cover in UAE, Zurich finds

Market opportunity for critical health cover in...

Residents of the UAE are willing to spend more on critical illness insurance cover than the global average, but remain significantly under-insured, according to a new report by Zurich International Life, Middle East.

Published : 20, Feb 2017
Hansard's alliance with UAE insurer Union goes live

Hansard's alliance with UAE insurer Union goes...Lock icon

Hansard International launched its new strategic alliance with UAE-based Union Insurance Co on Thursday, which includes the provision of two new savings and investment products under the brand name ‘Infinity’.

Published : 9, Feb 2017
Soaring expat demand drives growth and new hires at ITA

Soaring expat demand drives growth and new hires...Lock icon

Rising demand from local and expat clients in Dubai coupled with improved IT systems are the driving force behind Investors Trust Assurance’s “phenomenal growth” in the region, according to Philip Story, the life company’s head of distribution for EMEA.

Published : 6, Feb 2017
Agnostic investors embracing Shariah products

Agnostic investors embracing Shariah productsLock icon

Agnostic and ethically-minded investors are increasingly turning to Shariah compliant products with asset managers happy to meet demand, says Jad Shams, head of Mena for Mirae Asset.

Published : 2, Feb 2017
Abu Dhabi finance centre to share information with Mauritius

Abu Dhabi finance centre to share information...

The regulator of the Abu Dhabi Global Market (ADGM), the UAE’s new international financial centre, has signed an agreement with the regulatory authority in Mauritius to strengthen cooperation and facilitate the exchange of information.

Published : 31, Jan 2017
Hansard shows Q2 double digit growth driven by LatAm and MEA

Hansard shows Q2 double digit growth driven by...Lock icon

Hansard Global’s Middle East and Africa business continued to drive growth in the second half of 2016, which was also boosted by Latin American and regular premiums.

Published : 26, Jan 2017
Hansard to add UAE products under Union Insurance deal

Hansard to add UAE products under Union Insurance...

Hansard International plans to launch two new products in Dubai as part of its recently announced alliance with the UAE-based general insurer, Union Insurance.

Published : 25, Jan 2017
Asia banks take dominant position in Dubai's DIFC

Asia banks take dominant position in Dubai's DIFC...

Chinese, Japanese and Indian banks now occupy the top slots in the Dubai International Financial Centre (DIFC) in terms of total assets, the chairman of the centre’s regulator has told a forum in Hong Kong.

Published : 24, Jan 2017
Hansard joins forces with IA regulated insurer in UAE

Hansard joins forces with IA regulated insurer...Lock icon

Hansard International has signed a strategic deal with a ‘major local insurer’ in the UAE which is regulated by the Insurance Authority.

Published : 19, Jan 2017

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Best and worst countries for expats
Best and worst countries...

With the clock now ticking on the UK’s departure from...

FPI up for sale with Utmost Wealth 'in the running'
FPI up for sale with...Lock icon

Friends Provident International is up for sale with...

UK/UAE treaty allows expats to cash out pensions tax free
UK/UAE treaty allows...Lock icon

A new UAE-UK double tax treaty, which came into force...

Italy introduces non-dom tax breaks to lure wealthy foreigners
Italy introduces non-dom...

Italy has introduced a flat rate of tax aimed at attracting...

Standard Life cuts Asia insurance profile with Hong Kong sale
Standard Life cuts Asia...Lock icon

Standard Life has agreed to sell its wholly-owned Hong...

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