{"id":2441,"date":"2015-03-22T21:44:07","date_gmt":"2015-03-22T21:44:07","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/thinking-of-living-overseas\/"},"modified":"2018-02-22T09:19:23","modified_gmt":"2018-02-22T09:19:23","slug":"thinking-of-living-overseas","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/thinking-of-living-overseas\/","title":{"rendered":"Thinking Of Living Overseas?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p class=\"MsoNormal\"><img src=\"http:\/\/www.homesgofast.com\/Currency\/images\/clip_image002_001.jpg\" alt=\"Dubai living overseas\" align=\"none\" \/><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">When the winter starts to take its toll many of us consider how life would be living in warmer climates. The most popular places for Brits to buy an overseas <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> is France and Spain but both suffer with cold winters. One place that may have not been high on your list is Dubai. The weather\u2019s warm. The standards of living are high. The salaries are good and so are the tax breaks. It\u2019s no wonder that the UAE is the most popular destination in the Gulf for expats. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">But when you\u2019re relocating to the UAE, it\u2019s important to consult legal and financial experts. They can help you through the purchase process and make your personal finance easier to manage.\u00a0 If you\u2019re looking for a <a class=\"wl-entity-page-link\" title=\"lenders\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/loan;http:\/\/rdf.freebase.com\/ns\/m.01dnzs;http:\/\/dbpedia.org\/resource\/Loan\" >loan<\/a>, you can <a href=\"http:\/\/www.hsbc.ae\/1\/2\/personal\/borrowing\/loans\/personal-loan\">apply to HSBC<\/a>, who have branches around the UAE and can likely offer you better <a class=\"wl-entity-page-link\" title=\"Contractual term\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/contractual-term\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/contractual_term;http:\/\/yago-knowledge.org\/resource\/Contractual_term;http:\/\/rdf.freebase.com\/ns\/m.02rfhkx;http:\/\/dbpedia.org\/resource\/Contractual_term\" >terms and conditions<\/a> than local UAE banks. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">One of the main destinations within the UAE is Dubai. While buying a property anywhere is never straightforward, here are some tips and things to watch out for there during the process. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\"><a class=\"wl-entity-page-link\" title=\"Property tax\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/property-tax\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property_tax;http:\/\/rdf.freebase.com\/ns\/m.020shm;http:\/\/dbpedia.org\/resource\/Property_tax\" >Property taxation<\/a> <\/span><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">One of the most attractive things to expats about moving to Dubai is that they don\u2019t have to pay income tax there. To avoid paying income tax, they must register as being resident there for tax purposes. Otherwise they\u2019ll still be liable for tax payable to their home country. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">While enjoying exemption from income tax, you will, however, have to pay certain taxes on your property purchase, such as the registration of the property. You\u2019ll also have to pay council tax. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">If you\u2019ve been lucky to enough to be moving to the UAE as part of a relocation package with an employer, the chances are they\u2019ll have included extra money in your base salary to cover some of your housing costs. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">Treading carefully<\/span><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">Recently, the Central Bank of the UAE declared that banks could only lend expat borrowers up to 20 times their monthly salary. Thankfully, though, they can lend more when it comes to home loans. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">When purchasing a <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a> in Dubai or other parts of the UAE, you should enter into a written sale and purchase agreement and register it with the authorities. If not, the agreement may not be valid. Consult a reliable, local lawyer before purchasing any properties.\u00a0\u00a0 <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">Be wary also of off-<a class=\"wl-entity-page-link\" title=\"plans\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/plan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/plan;http:\/\/rdf.freebase.com\/ns\/m.018jrr;http:\/\/dbpedia.org\/resource\/Plan\" >plan<\/a> agreements, which are for properties that haven\u2019t been built yet. The developer must write the off-plan agreement and include in it a time schedule for the completion of the <a class=\"wl-entity-page-link\" title=\"projects\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/public-housing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/public_housing;http:\/\/rdf.freebase.com\/ns\/m.0184vk;http:\/\/dbpedia.org\/resource\/Public_housing\" >project<\/a>. Again, seek the advice of a lawyer, who can check all the contract clauses and warn you of anything that might be problematic. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">One last piece of advice is that you think about drafting a will, which must comply with UK law (or those of your home country if you\u2019re not from the UK). <a href=\"http:\/\/www.thenational.ae\/thenationalconversation\/comment\/inheritance-law-in-uae-is-complicated-by-contradictions\">The inheritance laws in Dubai<\/a> are complicated and based on Sharia principles. They consider factors such as your religion and whether you have a will and can be somewhat unpredictable in their application. <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\"><span size=\"2\" style=\"font-size: small;\">Purchasing a property abroad is a complicated process, but if you seek advice from the right people you can prepare and make it much easier for yourself. This isn\u2019t just in terms of paperwork and property <a class=\"wl-entity-page-link\" title=\"Land registration\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/land-registration\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/land_registration;http:\/\/rdf.freebase.com\/ns\/m.08xnz_;http:\/\/yago-knowledge.org\/resource\/Land_registration;http:\/\/dbpedia.org\/resource\/Land_registration\" >registration<\/a>, but also in terms of personal finance. Do your personal banking with HSBC and <a name=\"_GoBack\"><\/a>they can offer you better <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a> loan terms and conditions. That would make paying for your dream home even better!\u00a0<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the winter starts to take its toll many of us consider how life would be living in warmer climates. The most popular places for Brits to buy an overseas property is France and Spain but both suffer with cold<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/thinking-of-living-overseas\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/thinking_of_living_overseas_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2441"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=2441"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2441\/revisions"}],"predecessor-version":[{"id":15583,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2441\/revisions\/15583"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=2441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=2441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=2441"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=2441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}