How we can help expats optimise their tax planning
One of the great advantages of being an expat is the opportunity to earn a higher income. Plus by banking and investing internationally (using the services of a bank or investment manager located in a jurisdiction in which you don't live), you can often make the most of your status.
You will need an independent tax expert
You'll need the advice of an independent tax expert. Someone familiar with the tax laws of your home country and the country you're living in. But where do you go? Who do you ask?
We're one of the world's largest financial institutions and we specialize in helping expats. We can introduce you to a choice of tax professionals who can help meet your needs.
Tax laws vary widely from one country to another and there are many other issues involved as well. Every situation is different and your ability to take full advantage of tax benefits you are entitled to as an expat depends on many factors such as:
- the tax laws of your home country
- the tax laws of the country in which you're working
- your choice of jurisdiction
- any tax treaties that may exist between the countries
- whether you keep your resident status in your home country
- if you are an official resident anywhere
- the location of your legal domicile
- how long you will be abroad
- the location of your employer
- how you will be paid by your employer
- how long you stay outside your country of origin
You'll need solutions that are based on your home country, your host country, and the international location(s) most appropriate for your situation.
As you can see, every situation is complex and unique. And to fully capitalize on your expat status, you'll need solutions tailored just for you.
You'll have a financial solution tailored to your individual situation
Through our worldwide network of financial advisors and our invaluable relationships with independent tax experts, we're able to create financial solutions based on your situation and tailored to your specific needs.
Our investment, trust and financial specialists will work with you and your tax advisor to devise the financial strategy that will best meet your goals.
Whatever you need - from wealth management to international trusts and estate planning to international banking and funds and much more - our goal is to provide you with the best financial options for your situation.
If you'd like to learn more about how we can help you make more of your wealth, why not
now and have one of our private banking professionals contact you.
*Except for residents of Alderney, Herm and Sark. Readers should note that although deposit interest and income from investments is paid gross in many jurisdictions, you may well be liable to tax on this income in the jurisdiction in which you pay tax. In these circumstances, you are obliged to declare this income to the relevant tax authority.
Financial Services for Expatriates are provided by various Royal Bank of Canada Global Private Banking entities located in a number of different jurisdictions. Readers should note that the regulatory regime applying, including any investor protection or depositor compensation arrangements, may well be different from that of their home jurisdiction.
The information regarding tax planning and taxation published on this website is intended as general information only and is not intended to be specific advice. Readers should consult their tax advisor, or contact other suitably qualified individuals to discuss their particular circumstances, before acting upon any of the general information published on this website.
Depending on your citizenship or residency some products and services may not be available to you. The price and value of investments can fall as well as rise and investors may not get back the amount originally invested.
Your attention is drawn to the risk warnings and other important information for each product that are listed under "Product Specific Legal" on each product page.
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