Before you pack your bags and move overseas for a job, you will have to put some personal finance matters in order. Starting with your bank accounts to your investments, insurance and taxation matters, there’s much that you will have to take care of. In a conversation with Moneycontrol, Sonali Pradhan, Head of Wealth Planning, Julius Baer India gives a simplified yet detailed overview of how to go about all this. Listen in
The process can be done online by the primary holder of a jointly-held bank account. But for demat accounts and mutual fund folios, this requires the consent of all the joint holders and must be done via offline mode or physical submission of forms.
The residence programmes of Portugal, Australia, the US, Malta and Greece are among some of the most popular with rich Indians, according to Henley & Partners.
Thousands of high net-worth individuals are increasingly dipping their toes in foreign waters to diversify their wealth, set up alternative residencies, conduct business or just pursue a better quality of life. It could be a sign of things to come - Issue Date: Oct 02, 2022