Opponent

Does anybody know how i go about investing in these products.

Tried calling a few UK brokers and they wouldnt take me as a client mainly because I was a non resident and/or they were not regulated by the DFSA.

can anybody recommend Dubai brokers or any other way to invest

Thanks

Sand Man

Go to an offshore broker like Internaxx. You can buy ETF and funds on their platform as well as shares from most world stock markets.

Meow

In fact the DSFA only regulates within DIFC. You'll have an issue investing directly in those funds as a non-resident.

One alternative is to do so via an offshore Personalied Portfolio Bond, which provides access to virtually all UK OIECS & units trusts, as well as SICAVS via the one platform, although there is a realistic minimum of GBP 50k. Let me know if you want more info.

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Butt

Just curious, I am trying to setup a portfolio of ETFs, low cost Index trackers, and as living abroad now, I would like these to be Offshore (INTERNAXX sounds as good as any), but the funds need to be non-UK domiciled also, otherwise they'll attract UK HMRC attention.

Any thoughts on this ?

Looking at INTERNAXX.LU, it doesn't look favourable, as no decent Index Tracking funds available...

Not easy

Butt

Norm_uk

Most of this stuff is geared towards UK residents so it can be a little tricky.

I'll check what we have like this when I get back to the office after the weekend...usually expats don't go for these sorts of investments or already have them set up before leaving the UK.

N.

Bonny Boy

NatWest Stockbrokers (google!) allows non-residents to apply - they have the application forms on their website - requires the usual verifications.

Don't overlook Investment Trusts either. Mainly non-trackers, however, Edinburgh UK all share (EUK) and Edinburgh US S & P trackers (EUS) are sold on the LSE.

Generally ETFs and ITs will be held in nominee accounts, so the UK gives you a degree of protection that may or may not exist offshore. No good carefully selecting funds if the operator of your nominee account folds.

Norm_uk

You can access all of those and more via a portfolio bond if you're based here with relative ease subject to the minimum investment of the particular bond, and move and switch around fairly easy too without going through a UK Broker.

We're Dubai and Abu Dhabi based brokers and offer these products to our clients.

N.

Meow

But Norm, a PPB shouldn't be set up for amounts less than USD 100k.

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Meow

You can still invest in the UK as a non-resident although many providers won't accept you unless you have a UK address. HMRC doesn't have an issue with you investing in the UK, but you have to watch tax liability on the proceeds, which is why most non-residents access UK funds via an offshore PPB (Personalised Portfolio Bond) if they have sufficient funds. You can also invest directly in SIVACs and UCITs from certain investment managers, but they generally require a minimum investment of USD 10k.

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Norm_uk

"You can access all of those and more via a portfolio bond if you're based here with relative ease subject to the minimum investment of the particular bond, and move and switch around fairly easy too without going through a UK Broker."

Meow

Irrelevant to the minimum the provider states, it doesn't make financial sense to set up this kind of plan for less than USD 100k.

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Norm_uk

I don't disagree...