uk taxes
Hi, are their UK investors here ie resident in the UK but investing overseas such as LHB, RAK, UAE. What is the situation with liability for UK taxes such as capital gains etc. also If you want your investment to remain in UAE you will have to open an account overseas in the UAE to keep your investment there. If you dont yet have residency visa then I think the only way you can open an account in the UAE whilst living in the UK is to open an account here in the UK with a bank such as HSBC who are also bassed in the UAE (wolrd's local bank!). What about protection etc for banking overseas. In the UK, you are protected upto £35000 if eg a bank goes bust. Are you aware of local UAE-wide banking legislation. The adavantage of having a UAE account is that you dont have to transfer money. My plan for now is to keep my investment in the UAE until I make a substantial capital and may then move to the UAE for living plus or minus working. What tax liabilities are there say if I bring back to the UK the original investment/capital and keep my gains in the UAE for further investment and growth. Regards
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