Sharia law & your money in the UAE

Whilst most people are aware that Sharia law is the legal framework used in the GCC countries, not all expats have realised that this can affect them and their money.

  • Did you know that on death your bank accounts and assets in the UAE will be frozen?
  • Did you realise that your spouse, or other family members, may not get access for many months? Or that they may only get a small percentage?
  • Are you aware that your assets may not automatically go to your spouse?

November 2020. Some information in this article has been superceded by new legislation so please see this article for the lastest details regarding the laws on death while in the UAE:

New personal laws in the UAE but what do they really mean for you?

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The Benefits of Offshore Banking for Expats

This article has been fully updated so please see HERE  for the latest version

Offshore bank accounts – The benefits for expats    June 2020

 

For further details on opening an offshore bank account and the paperwork to start the process, or for information on any other personal financial planning issue, please contact me at keren@holbornassets.com

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