Post by Leaf on Jul 29, 2014 21:45:39 GMT
Hi,
Before I joined Aramco about 20 months ago, I worked and lived in Bahrain. Recently, I visited my bank in Bahrain and was told to remove my wife’s name (she is American) from our joint account, otherwise she would pay taxes on my earnings (I’m Canadian). This got me thinking in finding a tax efficient structure to bequeath my wealth to my wife and child (also American). I was told by a friend that I would have to write up the Will where I have residency (excluding KSA) or where most of my assets lie. The issue is, I declared myself a non resident Canadian (Aramco contingency in accepting the offer + I don’t pay taxes) and I have assets around the world. Is anyone out there in a similar situation? Or can someone recommend a professional advisor for me in Kingdom or at Aramco?
Thanks
Leaf
Before I joined Aramco about 20 months ago, I worked and lived in Bahrain. Recently, I visited my bank in Bahrain and was told to remove my wife’s name (she is American) from our joint account, otherwise she would pay taxes on my earnings (I’m Canadian). This got me thinking in finding a tax efficient structure to bequeath my wealth to my wife and child (also American). I was told by a friend that I would have to write up the Will where I have residency (excluding KSA) or where most of my assets lie. The issue is, I declared myself a non resident Canadian (Aramco contingency in accepting the offer + I don’t pay taxes) and I have assets around the world. Is anyone out there in a similar situation? Or can someone recommend a professional advisor for me in Kingdom or at Aramco?
Thanks
Leaf
