A new guide has been launched to help UK nationals understand the benefits of second residency. When you read this guide, you will learn why international mobility is key for your family!
Are you a UK national based in Asia or the Middle East? Are you aware of the advantages of applying for a second residency or passport? If you want to increase your long-term security in terms of your mobility and asset protection, this is the guide you need to read today!
ADL Estate Planning has launched a new guide on second residency options if you are a UK national living and working abroad. The guide highlights the importance of mobility and international wealth management, particularly in countries that do not offer you the same levels of financial regulation as the UK.
You can read the guide in full at https://adlestateplanning.co.uk/international-financial-advice-must-consider-second-passports-and-second-residency
You may be one of the many Brits choosing to live and work abroad for a better quality of life and financial security. Particularly if you are working in Asia or the Middle East, including Dubai and Doha, which have grown in popularity in recent years. You can read more details at https://adlestateplanning.co.uk/which-second-passport-should-i-get
Although the experience is mostly positive, you may be unaware of the fact that financial products available to you abroad do not include the same stringent rules and regulations as at home.
Finding an international financial advisor who understands global geopolitical challenges is crucial for you and your family while you are abroad. ADL Estate Planning states that mobility will continue to grow in importance for you as while the Middle East offers attractive destinations, there are still security risks in parts.
For additional security, the guide recommends you research second residency passport options. You may not be aware, but the strength of a passport is determined by the number of countries that you can visit without a visa. Within the Middle East, Saudi Arabia, Qatar, and the United Arab Emirates provide the best visa-free access.
You are advised to consider your long-term objectives and the benefits you may receive by applying for a secondary passport. Benefits can range from security during times of political instability or better education options for your children and family.
A representative said: “Suitable life insurance, retirement plans and cross-border tax planning will always be important, but a wealth management plan must now be tailored to meet the immediate need of a safe jurisdiction for relevant clients and their families.”
“There are around 25 Golden VISA programmes internationally that offer a residency and or citizenship by investment opportunity,” they added.
Find out more by visiting this link https://adlestateplanning.co.uk/7-top-tips-for-expats-and-nationals-in-the-middle-east-and-asia or the other links provided!
