Middle East
Best Practice | 27 Mar 17
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.
Petition against South African expat tax launched
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.
Middle East | 27 Mar 17
UK/UAE treaty allows expats to cash out pensions tax free
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.
Middle East | 23 Mar 17
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.
Middle East | 21 Mar 17
Holborn Assets ordered to immediately cease pension transfers
The UK Financial Conduct Authority has ordered Holborn Assets Ltd to immediately cease all pension transfer business, particularly that introduced by overseas advisers.