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While in the forecourt of an Enoc petrol station waiting for my car to be cleaned, 3 loons sped away from their petrol pumps at break-neck speed. The first two managed to swerve their way through cars, pedestrians and petrol pumps but the last one did not. In an attempt to catch up with his fellow loons, he overpowered his Toyota POS; lost control and narrowly missed my son and I as the back-end of the vehicle swung around the forecourt. The momentum of the car stopped just short of taking-out a petrol pump and who knows what would be left of Jumeirah after that. Obviously he sped off leaving all of us, in particular my son, very shaken but grateful that we were all still alive.

It is on such occasions when we are made to think the unthinkable. What if we were just inches closer to the speeding loon? We cannot replace life but I am glad that I recently increased my life cover for my family with Aviva to remove the financial trauma in case the worst happended. For £500,000 of cover it costs me less than £100 per month – the cost of an evening out for most of us. None of us have enough life cover and we have yet to hear a Widow complain the payout cheque was too big. If you would like a quote to ensure your family is protected then contact Jocelyn today toll free 8004558 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it her with your enquiry.

Sunday, December 26, 2004 — The largest earthquake to strike the globe since 1964 has caused devastating tsunami waves that have killed thousands in south Asia. The 8.9-magnitude quake hit December 26 off the coast of Indonesia, triggering these extremely large waves that have brought massive flooding, damage and loss of life in the region.

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Most buyers/existing owners do NOT realise/understand the potential tax exposure, huge transfer fee issues and complications with Sharia Law when buying Dubai property. You could be unnecessarily exposing yourself to huge problems unless you follow these simple steps ...

Over the years, Globaleye has seen them come and go. Financial Advisors from around the world tripping into the UAE to do business without any legal entity here whatsoever. Some have been known to work from hotel rooms, bedrooms, Freezones or operate under incorrect DED licenses. Unfortunately, our industry gets tarnished and we constantly advise our Clients to be vigilant of such operators.

It is worth checking the status of your Advisor; more importantly make sure they are regulated here. Emirates Today recently covered a story of a Financial Advisory Group that was asked to stop all its activities here – for more,

As the loop of the tax noose tightens for many expatriates from the EU, N America and Australia, we are frequently asked ways to legally avoid the T word.

One such measure is the use of an offshore company but getting the structure right is critical. For example, the Inland Revenue (UK) would treat any company, no matter where incorporated, as tax resident in the UK if its management and control is deemed to be situated in the UK. Obviously, if somebody is the director of an offshore company and is operating that company from UK then the management and control is being exercised from UK and thus in the Revenue’s eyes make the company profits subject to UK tax.

How to overcome this issue is very important and for more info read