2026 ALERT: With the UK’s new residency-based IHT rules and Thailand’s shift in foreign income taxation, where you hold your assets is now more important than the assets themselves.
Investing as an Expat can seem complex; this article will go over some of the top investment options for expats and where the most common places to invest are. Giving tips on what to avoid, as it may not be in your best interest, as many products are sold by advisers for commission.
I am a financial advisor who has been living offshore for 10 years in Southeast Asia. During that time, I have seen many situations where expats are in products which aren’t suited for them or have been placed into something which offers a kickback.
I live in Thailand, but have also lived in Vietnam, China, Manila and spent a good chunk of time in Hong Kong.
Investment Options for Expats
Firstly, before going on, I just wanted to list the options that you do have as an expat to invest. An investment is something you put your money into a product to increase its value. This can be securing the profit, fixed or investing based on fundamentals or something you believe will rise.
The investment choices of expats can vary based on their individual financial goals, risk tolerance, and the specific circumstances of their relocation. However, there are some common investment options that expats often consider:
- Local Stock Markets: Expats may choose to invest in the stock markets of their host country. This allows them to participate in the local economy and potentially benefit from its growth.
- Global Stock Markets: Many expats prefer to maintain a diversified portfolio by investing in global stock markets. This can be done through international mutual funds, exchange-traded funds (ETFs), or direct stock investments.
- Real Estate: Some expats opt to invest in real estate, either in their home country or their host country. Real estate can provide rental income and potential appreciation over time.
- Retirement Accounts: Expats may continue contributing to retirement accounts in their home country or explore retirement options in their host country, taking advantage of any available tax benefits.
- Offshore Investments: Offshore investment accounts can provide financial privacy and certain tax advantages. However, it’s essential to comply with relevant tax laws and regulations.
- Precious Metals: Investing in precious metals like gold and silver is a strategy some expats use to hedge against economic uncertainties and inflation.
- Cryptocurrencies: Some expats may choose to invest in cryptocurrencies as a way to diversify their portfolio. However, cryptocurrencies are known for their volatility and should be approached with caution.
- Foreign Currency Accounts: Expats might hold accounts in different currencies to manage currency risk and facilitate transactions in their host country.
- Government Bonds: Investing in government bonds, either in the home country or the host country, can provide a relatively stable source of income.
- International Mutual Funds and ETFs: Expats can invest in funds that hold a diversified portfolio of assets from various countries, providing exposure to different markets.
Platforms Expats Can Use to Invest
A platform is a system or software which allows you to invest in investment products. There are some platforms out there that will let you invest in products such as ETFs, funds, equities, bonds and fixed-interest accounts, plus potentially other products depending on the platform.
As an expat, there are a range of platforms you can use, and there are pros and cons of each one and choosing the right one for you. Personally, when looking at a platform, I assess it on several aspects such as:
- Price
- Service
- Application fees
- Investment range
Some of the most common platforms for expats (non-U.S) are:
Ardan:
Ardan is known for providing international investment solutions and custody services. It caters to advisers, wealth managers, and other financial professionals.
Ardan may offer a range of investment products, including mutual funds, ETFs, and other financial instruments.
Setting up an account on Ardan typically involves contacting the platform directly or through a financial advisor. The process may include providing necessary identification and financial information.
Novia Global:
Novia Global is a platform that offers investment solutions and services to financial advisors, intermediaries, and their clients.
The platform may provide access to a wide range of investment options, including funds, equities, and bonds.
To set up an account with Novia Global, individuals often go through financial advisors or intermediaries. The account setup process may include completing application forms and providing the required documentation.
Comparing Platforms – Novia vs Morningstar for Expats
Saxo Bank:
Saxo Bank is a well-known Danish investment bank that provides online trading and investment services.
The platform offers a variety of financial instruments, including stocks, bonds, forex, and commodities.
Setting up an account with Saxo Bank typically involves an online application process. Users need to provide personal information and financial details, and may need to complete identity verification.
Costs:
- The costs associated with these platforms can vary, and it’s important to carefully review their fee structures. Fees may include account maintenance fees, transaction fees, and charges for specific services.
- Fund ranges and investment options will also depend on the platform. Some platforms may offer a broad selection of funds, while others may focus on specific regions or types of investments.
Saxo Bank vs Other Platforms Review
| Feature | Saxo Bank (Classic Tier) | Ardan International |
| Best For | DIY Investors & Active Traders | Advisor-led Wealth Management |
| Annual Platform Fee | 0.12% (Custody fee) | 0.40% (Account fee) |
| Minimum Investment | $0 / No minimum | Generally $10,000+ (via advisor) |
| Trading Commissions | From 0.08% ($1 min on US stocks) | £5 (Funds) / £25 (Listed Stocks) |
| Currency Conversion | 0.25% – 0.60% | 0.00% (No Ardan FX fee) |
| Access Model | Direct (Client managed) | Indirect (Financial Advisor required) |
| Regulation | Denmark / UK / Switzerland | Isle of Man (FSA Licensed) |
| Multi-Currency | Supports 26+ currencies | Supports 11 major currencies |
| 2026 Advantage | High interest on uninvested cash | Built-in Free Beneficiary Trust |
Benefits of investing in an offshore platform
Investing through an offshore platform in a jurisdiction like the Isle of Man can offer several potential advantages, especially for British expats in the UAE, where there may not be dividend and capital gains tax. Here are some of the potential advantages:
- No Capital Gains Tax: The Isle of Man is known for not having capital gains tax. This means that any capital gains realised from the sale of investments on the platform may not be subject to taxation.
- No Dividend Tax: If the jurisdiction also does not impose dividend tax, income received from dividends may be more tax-efficient for investors.
- Asset Protection: Offshore platforms often provide a level of asset protection and confidentiality. This can be advantageous for individuals seeking to protect their wealth from legal or financial risks.
- Succession Planning: Offshore jurisdictions may offer more flexibility and options for estate planning, allowing individuals to structure their investments in a way that aligns with their succession goals.
- Multi-Currency Accounts: Offshore platforms often provide the option to hold accounts in multiple currencies. This can be beneficial for expats dealing with currency fluctuations and managing investments in different currencies.
- Access to International Markets: Offshore platforms typically allow investors to access a wide range of international investment opportunities, including global stocks, bonds, and funds.
- Financial Privacy: Offshore platforms may offer a higher level of financial privacy and confidentiality, appealing to individuals who value discretion in their financial affairs.
- Flexible Regulations: Offshore jurisdictions may have more lenient regulations compared to onshore locations, providing investors with greater flexibility in managing their portfolios.
- Reduced Withholding Taxes: Some offshore jurisdictions have tax treaties that reduce or eliminate withholding taxes on certain types of income, providing additional tax advantages for investors.
It’s important to note that while there are potential advantages to investing through offshore platforms, there are also considerations and risks. Investors should carefully evaluate the legal and regulatory framework of the offshore jurisdiction, understand the tax implications in both the host and home countries, and ensure compliance with all relevant laws.
The Commission Traps Expats Fall Into (And How to Spot Them)
Savings Plans from Companies Like RL360:
Some savings plans, especially those offered by certain companies like RL360, may have high fees and long lock-in periods. It’s crucial to carefully review the fee structures and surrender charges and understand the implications of a lengthy commitment. High fees can significantly impact returns over time.
Our fee guide can be found on our low-fee pages.
Investor Trusts with High Costs and Commissions:
Similar caution should be exercised with investor trusts that come with high fees and are sold on commission. These costs can erode investment returns, and the commission-based model might not align with the best interests of the investor.
Consideration for Amounts and Tax Implications:
While offshore bonds may offer tax advantages in some jurisdictions, they often come with high fees, especially for smaller investment amounts. Some offshore bonds may be more suitable for individuals with larger sums, for example, over $500,000. Beware, as many are still sold for commission and would read my article disclosing commission on offshore bonds.
The tax implications can vary depending on the jurisdiction. It’s important to be aware of the tax laws in both the host country and the home country, considering factors such as capital gains tax, withholding tax, and any tax treaties in place.
Inflexibility and Lack of Liquidity:
Offshore bonds typically have lock-in periods and surrender charges. This lack of liquidity can be a significant drawback, especially if the investor needs access to their funds before the specified maturity date.
Expense and Complexity:
Offshore bonds can be expensive due to management fees, administration costs, and other charges. Additionally, the complexity of these instruments may make it challenging for investors to fully understand the terms and potential drawbacks.
Consideration for Future Relocation:
If an expat is planning to move to a jurisdiction with favourable tax laws, like the U.K. or Australia, it’s crucial to consider how the offshore bond will be treated in terms of taxation upon repatriation.
Alternatives with Better Flexibility:
Expats may explore alternative investment options that offer more flexibility, lower costs, and better liquidity. For instance, international mutual funds and ETFs can provide diversification without the same level of complexity and restrictions.
Here are some useful articles I have written prior and would highly recommend reading if you have been looking at these options.
Summary
Most expats usually find it difficult to know where to go first in terms of platforms and then building their portfolio. There is a lot of content on financial advice, planning and investment in general; it is emerging in the offshore / expat space. What we need to understand as expats is whether we should be paying any tax and if I am going to move anywhere, such as back to the UK, how will that impact me and my finances?
If you are a high-net-worth individual, there are possibilities to unlock certain investments, and you can look at accessing residencies for tax purposes.
As a financial advisor, I can help you with pensions, lump sum investments, portfolios, retirement and estate planning. If you have any questions, please let me know.
FAQs
This depends on your “Long-term Base.” If you plan to settle permanently in a country like Australia or Canada, investing locally may provide tax-effective “Franking Credits” or local tax breaks. However, for “Transient Expats” (those moving every 3–5 years), offshore investing via a neutral hub like the Isle of Man, Luxembourg, or a global brokerage (Saxo/IBKR) is usually superior. It ensures your portfolio is portable, meaning you don’t have to liquidate and pay capital gains tax every time you cross a border. In 2026, portability is the number one defence against fragmented wealth.
While you are a non-resident, you are generally not liable for UK tax on dividends or gains from UK-based stocks (under the “disregarded income” rules). However, many expats make the mistake of holding UK-based funds while living in high-tax jurisdictions like Spain or France. In 2026, these countries have increased their scrutiny on “Worldwide Income.” Even if the UK doesn’t tax you, your host country might. The strategy for 2026 is to move toward Expatriate-specific wrappers that provide “Gross Roll-up,” ensuring your growth isn’t eroded by local tax until you choose to withdraw.
You can keep what you already have, but you generally cannot contribute new funds to a UK ISA once you are no longer a UK tax resident. SIPPs are slightly different; you can often continue to contribute for up to five tax years after leaving, but the tax relief is capped (usually at £3,600 gross). For expats in 2026, the best “ISA Alternative” is often a low-cost International Investment Platform that offers similar flexibility but is specifically designed to handle multiple currencies and cross-border reporting.
