Any Ex-Pats Here?
- Thread starter trinpol
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http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html?em
Yeah, Dubai is in the crapper. Several thousand cars have been abandoned at the airport by people fleeing the country. Unemployment is way up, salaries are way down, and many of the huge projects that were planned have been put on hold or canceled. It doesn't look like a good place to be right now.
Um the super rich are going on spending sprees as everything is so super cheap for them. My sis has a dream job in fact I am a bit jealous!!
She's be working for the world's only 7 star hotel, the Burj Al Arab...
Also a friend of mine (husband works for Ericsson, wife is a doctor, both from Sweden) just moved there.
YOu can enjoy a standard of living that would cost at least $1.5 a year in Manhattan (driver, 2-3 living house helpers, best private clubs, 5 star hotels, etc, etc) for like $200k there....
Break up the goals:
1. Choose a country for citizenship. This would optimally be a place that has good relations with other nations and can provide a passport that won't cause travel problems. * of course you also want to make sure the tax laws don't require you to disclose and pay for income earned outside the country.
2. Choose a country for business/banking. Find a place with good privacy and protection laws. You may want to pick a couple. Panama was a great banking safe haven in the 70's and early 80's -- then Noriega nationalized all the funds held by it's banks. (see the movie "Blow") Having a few locations adds a degree of security and quick transfers if you see political winds blowing the wrong way.
3. Choose a place to live. Most 1st world countries will not let you stay permanently without citizenship, but you could choose 2 places... say: New Zealand and Australia and spend 1/2 the year in each. Hell, you could probably spend 3-6 months per year in Canada and the USA without tax issues if you are not a citizen.
1. Choose a country for citizenship. This would optimally be a place that has good relations with other nations and can provide a passport that won't cause travel problems. * of course you also want to make sure the tax laws don't require you to disclose and pay for income earned outside the country.
2. Choose a country for business/banking. Find a place with good privacy and protection laws. You may want to pick a couple. Panama was a great banking safe haven in the 70's and early 80's -- then Noriega nationalized all the funds held by it's banks. (see the movie "Blow") Having a few locations adds a degree of security and quick transfers if you see political winds blowing the wrong way.
3. Choose a place to live. Most 1st world countries will not let you stay permanently without citizenship, but you could choose 2 places... say: New Zealand and Australia and spend 1/2 the year in each. Hell, you could probably spend 3-6 months per year in Canada and the USA without tax issues if you are not a citizen.
Good for your sister that she's got a job in the Burj but unless she's high up in management with seniority that's no guarantee of long term stability. Read the article I linked to. Lots of people with great skill sets are finding themselves out of work and are leaving in droves.
i reccommend the Bahamas, from Toronto its only a 2.5 hour flight or so and West Jet and Air Canada fly daily. its expensive but for like 10k a month or so you can rent a palace on the ocean. Or get a condo at the atlantis and its pretty good. if u feel like partying there isn't much to do except the local casinos, but u can always hop a quick flight to Jamaica (45mins) and party HARD.
the thing I like most about it is it never really goes below 25 degrees (Celsius) and it's an english speaking country, which makes me feel at home a lot easier.
the thing I like most about it is it never really goes below 25 degrees (Celsius) and it's an english speaking country, which makes me feel at home a lot easier.
I've read and considered quite a few possibilities myself. Having lived in Japan for 10 years, becoming a lifelong expat was quite appealing. It didnt work out quite as I expected, but Im still alive and breathing, got money to live comfortably so I cant complain.
anyway...if you can trace back Irish ancenstry, you might be eligible to obtain Irish citizenship, which has many benefits including living/working abroad in any of the EU countries. Find a book called "The Passport Book" quite a good reference on dual passports.
anyway...if you can trace back Irish ancenstry, you might be eligible to obtain Irish citizenship, which has many benefits including living/working abroad in any of the EU countries. Find a book called "The Passport Book" quite a good reference on dual passports.
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