Expatriate Tax: Investment Consulting Service

Summary: Taxation is never the most popular or exciting subject to discuss really, but as an expatriate 'taxation' is an important topic to cover. Having left behind your country of domicile and taken residence elsewhere, chances are you could be in a favourable taxation situation without even being aware of the benefits available to you...

Taxation is never the most popular or exciting subject to discuss really, but as an expatriate ‘taxation’ is an important topic to cover.  Having left behind your country of domicile and taken residence elsewhere, chances are you could be in a favourable taxation situation without even being aware of the benefits available to you.

But fear not - there are investment consulting services available designed specifically to assist the expatriate living abroad with their entire financial situation - from banking and accounting to investing and saving - read on to find out more…

As stated, expatriates have a unique tax status - they are often in the position that they can take full advantage of any tax beaks in their new host country whilst at the same time being in a position where they are exempted from paying many taxes ‘back home.’ Furthermore it is often possible for an expat to take full advantage of the further taxation saving benefits afforded ‘offshore’ and also to open an offshore bank account for everything from making international transactions to simply managing day to day finances.

But understanding what’s available is one thing - really understanding what’s applicable and beneficial to you and even legal in your particular circumstances is quite another thing altogether!

This is where an investment consulting service such as the one offered by the asset management division of Sovereign Group could come in handy.  Because of their size, status and respected position Sovereign work very closely with banks, accountancies, insurers, trust houses, company incorporators and of course all the major financial institutions in the world meaning that they are the one stop shop for expatriate taxation and financial planning.

Alternatively financial advisers with an international focus also understand not only the requirements of an expatriate - from establishing international health insurance cover to making the most of attractive offshore investment products for the duration of their secondment overseas - but they also understand the reporting and taxation restrictions placed on an individual on a country by country basis and they are therefore best placed to advise the expat on their investments, savings and banking activity with one eye on the taxation side of things and the other on the wealth management side of things.

If you’re an expatriate and you’d like to get your entire financial affairs in order, optimise your investments and savings, save tax and get wealthy, your first step should be to make an appointment with an expatriate investment consulting service and have a full financial review where you can discuss your position, detail your requirements and begin working with a qualified and independent advisor to get everything in place to meet your legal tax requirements while at the same time maximising your financial status.  To make an appointment with an international investment consultant click here.

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