Looking to move to the ME
May 15th 2010 | 4:41 am
#16
Thread Starter
Just Joined
Joined: May 2010
Posts: 16
Re: Looking to move to the ME
Yeah for good leaving the UK. After three or four years in the Gulf, I would probably return to India.
May 15th 2010 | 4:43 am
#17
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: Looking to move to the ME
anyway, new boy....what sort of lifestyle is it you are after, you say you have been to Dubai, so you should know what that is like then, and that it is the most 'happening' place as far as going out etc is concerned, which I guess is what you are after seeing your are 30 and single and apparently loaded...every other country you mentioned has less to offer and would be more of a 'cultural' adjustment...
May 15th 2010 | 4:43 am
#18
Thread Starter
Just Joined
Joined: May 2010
Posts: 16
Re: Looking to move to the ME
The £50,000 rent is for one bed flats or for villas? Im single and don't have a family.
May 15th 2010 | 4:48 am
#19
Thread Starter
Just Joined
Joined: May 2010
Posts: 16
Re: Looking to move to the ME
maybe you were playing with your mouse...
anyway, new boy....what sort of lifestyle is it you are after, you say you have been to Dubai, so you should know what that is like then, and that it is the most 'happening' place as far as going out etc is concerned, which I guess is what you are after seeing your are 30 and single and apparently loaded...every other country you mentioned has less to offer and would be more of a 'cultural' adjustment...
anyway, new boy....what sort of lifestyle is it you are after, you say you have been to Dubai, so you should know what that is like then, and that it is the most 'happening' place as far as going out etc is concerned, which I guess is what you are after seeing your are 30 and single and apparently loaded...every other country you mentioned has less to offer and would be more of a 'cultural' adjustment...
Depends on what one's definition of "loaded" is. I don't consider myself "loaded" but Im doing ok.
I would look to move to a city which offers a good infrastructure, good restaurants, clubs, and a healthy cosmopolitan atmosphere. I wouldn't leave London but with the top tax rate at 52 percent and the CGT heading that way, its time to say bye bye.
May 15th 2010 | 4:49 am
#20
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: Looking to move to the ME
Depends on what one's definition of "loaded" is. I don't consider myself "loaded" but Im doing ok.
I would look to move to a city which offers a good infrastructure, good restaurants, clubs, and a healthy cosmopolitan atmosphere. I wouldn't leave London but with the top tax rate at 52 percent and the CGT heading that way, its time to say bye bye.
I would look to move to a city which offers a good infrastructure, good restaurants, clubs, and a healthy cosmopolitan atmosphere. I wouldn't leave London but with the top tax rate at 52 percent and the CGT heading that way, its time to say bye bye.
May 15th 2010 | 5:08 am
#26
Lost in BE Cyberspace
Joined: Jul 2009
Posts: 15,887
From: Disneyland, Dubai
Re: Looking to move to the ME
Corniche Abu Dhabi, 2-3 beds - 250k AED/ year
1 beds in the slums... 90-130k AED/ year
Dubai is cheaper.
One thing that you might not be aware of is that this place is pretty racist. While you might be on over 150k GBP in the UK the same might not be possible here. Don't expect to be treated as you would be treated in the UK especially if you are dealing with arabs.
Also, one small point, 52% is your marginal tax rate... your actual tax rate is lower...
May 15th 2010 | 5:09 am
#27
Lost in BE Cyberspace
Joined: Jul 2009
Posts: 15,887
From: Disneyland, Dubai
May 15th 2010 | 5:17 am
#29
Thread Starter
Just Joined
Joined: May 2010
Posts: 16
Re: Looking to move to the ME
Well, depends on where you want to live...
Corniche Abu Dhabi, 2-3 beds - 250k AED/ year
1 beds in the slums... 90-130k AED/ year
Dubai is cheaper.
One thing that you might not be aware of is that this place is pretty racist. While you might be on over 150k GBP in the UK the same might not be possible here. Don't expect to be treated as you would be treated in the UK especially if you are dealing with arabs.
Also, one small point, 52% is your marginal tax rate... your actual tax rate is lower...
Corniche Abu Dhabi, 2-3 beds - 250k AED/ year
1 beds in the slums... 90-130k AED/ year
Dubai is cheaper.
One thing that you might not be aware of is that this place is pretty racist. While you might be on over 150k GBP in the UK the same might not be possible here. Don't expect to be treated as you would be treated in the UK especially if you are dealing with arabs.
Also, one small point, 52% is your marginal tax rate... your actual tax rate is lower...
Yes 52 percent is the marginal rate. But the CGT was 18 percent and is now likely to go to 40-50 pc. and the pound is going to keep dropping - it's been sliding since late 07. So higher taxes and lower exchange rates means lower income in real terms.
Your point about the arabs is well taken. Phenotypically, I could pass for an arab but of course I don't speak arabic. At this stage, I am mulling the options. I could move back to India straight away or move to Switzerland or Singapore (which for my line of work are also equally good options - the income/tax/expenditure calculations would of course need to be worked out). My move is probably still a year away. But I've just kickstarted the process of thinking about this constructively.
First hand information is always invaluable.
May 15th 2010 | 5:19 am
#30
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: Looking to move to the ME
Thanks. Those are very useful points.
Yes 52 percent is the marginal rate. But the CGT was 18 percent and is now likely to go to 40-50 pc. and the pound is going to keep dropping - it's been sliding since late 07. So higher taxes and lower exchange rates means lower income in real terms.
Your point about the arabs is well taken. Phenotypically, I could pass for an arab but of course I don't speak arabic. At this stage, I am mulling the options. I could move back to India straight away or move to Switzerland or Singapore (which for my line of work are also equally good options - the income/tax/expenditure calculations would of course need to be worked out). My move is probably still a year away. But I've just kickstarted the process of thinking about this constructively.
First hand information is always invaluable.
Yes 52 percent is the marginal rate. But the CGT was 18 percent and is now likely to go to 40-50 pc. and the pound is going to keep dropping - it's been sliding since late 07. So higher taxes and lower exchange rates means lower income in real terms.
Your point about the arabs is well taken. Phenotypically, I could pass for an arab but of course I don't speak arabic. At this stage, I am mulling the options. I could move back to India straight away or move to Switzerland or Singapore (which for my line of work are also equally good options - the income/tax/expenditure calculations would of course need to be worked out). My move is probably still a year away. But I've just kickstarted the process of thinking about this constructively.
First hand information is always invaluable.
