Offshore Tax with HTJ.tax

Global tax transparency didn’t happen overnight—it began with a bold statement from G20 leaders in 2009 to end bank secrecy. That declaration set the stage for the Exchange of Information on Request (EOIR) standard, empowering tax authorities to access key financial data, accounting records, and even beneficial ownership details tied to assets like real estate.

In this episode, we explore how the movement toward transparency has evo...

Why is real estate becoming the next major focus in global tax transparency? In this episode, we break down the growing push—led strongly by India within the G20—to include non-financial assets like property in the Automatic Exchange of Information (AEOI) framework.

For years, the global system has focused almost exclusively on financial accounts through CRS. But new data shows a rising challenge: cross-border property ownership is ...

Around the world, governments are quietly shifting their tax strategies — moving away from corporate taxation and turning their attention to private wealth. As inequality widens and traditional tax bases shrink, high-net-worth individuals, global entrepreneurs, and mobile “tax nomads” are finding themselves increasingly under scrutiny.

In this episode, we break down why wealthy families are becoming the new tax target, what governme...

In this episode, we unpack everything you need to know about Power of Attorney (POA) validity in the UAE—how long it lasts, when it expires, and why keeping it updated is crucial.

📝 Key Highlights:

• 
  
• 
  
• A POA in the UAE stays valid until the death of either the principal or the agent—unless it’s time-bound.
• 
  
• 
  
• 
  
• You can set your POA for 6 months, 1 year, 3 years, or any duration you choose.
• 
  
• 
  
• 
  
• Some UAE gover...

Timing matters when it comes to probate in the UAE—and having a Will can make all the difference.

✅ With a Will

Probate is streamlined, usually wrapping up in 6–8 weeks (about 2 months). If the death certificate comes from outside the UAE, allow an extra month for attestations. The process is clear, predictable, and much less stressful for your loved ones.

⚠️ Without a Will

Things get complicated. Sharia law inher...

Your life changes—and your Will should change with it.

As a general rule, it’s smart to review your Will every 5 years. If you like to stay especially organized, a 3-year check-in works even better. Most UAE Wills already include backup beneficiaries, executors, and guardians, but a periodic review ensures everything still reflects your real-world situation.

🔔 When You Must Review Immediately

Certain life events shouldn’t wa...

Life circumstances change, and your Will may need to be updated. How you do this depends on where the Will is registered:

DIFC Will

• 
  
• 
  
• Can be amended at any time for a small fee of AED 575 per amendment.
• 
  
• 
  
• 
  
• Allows flexibility to adjust assets, beneficiaries, or other clauses without revoking the entire Will.
• 
  
• 
  

Mainland Courts (ADJD & Dubai Courts)

• 
  
• 
  
• Direct...

Preparing a Will in the UAE is a straightforward process, whether you choose DIFC, ADJD, or Dubai Courts. The key is gathering the correct documents before registration. Here’s what you need:

1. Identification for All Individuals Named in the Will

You must provide ID for every person mentioned in the Will, including:

• 
  
• 
  
• Emirates ID
• 
  
• 
  
• 
  
• Passport
• 
  
• 
  
• 
  
• Residence visa
• 
  
• 
  

If someone doesn’t ...

A Power of Attorney (POA) is often confused with a Will, but the two serve entirely different purposes.

POA vs. Will

A POA is valid only during the lifetime of both the person granting it and the person receiving it.

If either party passes away, the POA becomes immediately invalid. At that point, the Will takes over for probate and asset distribution.

This means a POA cannot be used for post-death matters and does not repl...

A UAE Will can cover a wide range of assets, giving individuals full control over how their estate is distributed and ensuring a smooth probate process. Wills are typically drafted broadly so that both current and future assets are included without requiring frequent updates.

Common Assets Included in a UAE Will

In the UAE, the assets most commonly covered include:

• 
  
• 
  
• Real estate properties – Ofte...

A Power of Attorney (POA) is one of the most useful legal tools in the UAE, but it is often misunderstood. A POA does not replace a Will, and the two documents serve completely different purposes.

POA vs. Will

A Power of Attorney is valid only during the lifetime of both:

• 
  
• 
  
• the grantor (the person giving authority), and
• 
  
• 
  
• 
  
• the attorney/agent (the person receiving authority).
• 
  
• 
  

You can absolutely keep your home-country Will valid while living in the UAE. In fact, many expatriates maintain a foreign Will for overseas assets while using a UAE Will for local property and guardianship. There are two recognized methods to ensure your foreign Will remains legally effective:

1. DIFC Will Covering Foreign Assets

A DIFC Will can include assets located outside the UAE, provided the foreign jurisdiction accep...

The UAE allows a broad range of individuals to register a Will, provided they meet certain basic legal criteria. To register a Will, a person must be:

• 
  
• 
  
• At least 21 years old,
• 
  
• 
  
• 
  
• Of sound mind, and
• 
  
• 
  
• 
  
• Acting voluntarily and without undue influence.
• 
  
• 
  

Beyond these core requirements, eligibility depends on residency status and asset location.

1. UAE Residents

Anyone holding a UAE res...

Registering a Will in the UAE is a straightforward process, but several essential requirements must be met. The testator must be at least 21 years old, be of sound mind, and must act voluntarily, free from pressure or undue influence.

UAE Wills are typically drafted in broad, comprehensive terms to cover both existing assets and any future assets acquired after the Will is signed. This ensures that newly purchased property, bank acc...

When registering a Will in the UAE, individuals can choose from three primary jurisdictions—ADJD, Dubai Courts, and DIFC. Each offers different advantages in terms of cost, process, language, and flexibility.

1. ADJD (Abu Dhabi Judicial Department)

Best for: Cost efficiency, full virtual process, expat Muslims

• 
  
• 
  
• Cost: AED 950
• 
  
• 
  
• 
  
• Process: Fully virtual; no in-person visit required
• 
  
• 
  
• 
  
• Language: Bil...

When a person passes away in the UAE, the procedure that follows depends heavily on whether a valid Will is in place.

With a Will

If a Will exists, the process is significantly simpler and more predictable.

• 
  
• 
  
• The executor submits the Will, the death certificate, identification documents, and proof of assets to the court.
• 
  
• 
  
• 
  
• After the file is opened and reviewed, the court typically issues the probate ord...

In the UAE, having a legally registered Will is not optional — it is crucial. Without one, a person’s estate is automatically governed by Sharia inheritance rules, which impose predetermined shares for heirs regardless of the individual’s personal wishes.

When someone dies without a Will in the UAE, several complications follow:

• 
  
• 
  
• Sharia rules apply by default, dictating how assets must be divided.
• 
  
• 
  
• 
  
• Guardiansh...

Custodial institutions and fiduciary structures may both “hold assets,” but legally they are completely different. The distinction comes down to the relationship, the level of discretion, and who is allowed to act on behalf of the owner. Under EU regulations, this difference determines why custodians remain allowed for Russians, while fiduciary services are banned.

A Simple Analogy: Safe Deposit Box vs. Personal Chef

Cus...

Top Company (Custodial Institution)

• 
  
• 
  
• The company’s articles and memorandum allow its shares to transfer automatically to designated third parties (typically family members) upon the shareholder’s death.
• 
  
• 
  
• 
  
• This mechanism does not create a trust, because there is no fiduciary relationship—only a custodial structure.
• 
  
• 
  
• 
  
• Therefore, it does not fall under EU trust-related sanctions, which target fiduciary and ...