Khiarallah Advocates & Legal Consultants
UAE Law & Legal Articles Blog

Benefits of Dual Citizenship (Citizenship by Investment)

A dual citizenship and passport is a powerful tool for international tax planning and provides you with privacy, travel freedom and very importantly, could be a life saver in times of political unrest. Dual citizenship and residency programmes are most sought by wealthy retirees, business investors, entrepreneurs and self-employed individuals. With many countries in Europe and North America widely accepting a dual nationality (USA, Canada, UK, Switzerland), would now be the time to start insuring in your future? Becoming a Dual National has the following benefits: 1. Visa-free Travel Visa-free travel to the world (EU, UK, Canada) and instant travel … Continue reading Benefits of Dual Citizenship (Citizenship by Investment)

Tax Filing for US Expats in UAE & Foreign Earned Income Exclusion

This blog article discusses about Tax Filing for US Expats in the UAE and how they can qualify for the Foreign Earned Income Exclusion. US Nationals and Green Card Holders who do not reside within the US or its territories or have any US income, are still required to file an income tax return and pay taxes on their worldwide income earned either through employment or through their ownership in a foreign company. In addition to income tax returns, they may be required to comply with Foreign Bank and Financial Account Reporting and Foreign Financial Asset Reporting. Very costly penalties … Continue reading Tax Filing for US Expats in UAE & Foreign Earned Income Exclusion