Dear reader, The UAE is becoming a global magnet for foreign talent, offering a tax-free lifestyle, business-friendly policies and high living standards amid rising geopolitical instability. Recruiters report a surge in British expats leaving the UK, spurred by higher taxes and private school fees after Chancellor Rachel Reeves’ high-tax budget. Many arrive without jobs but remain optimistic about finding work within a few months, even accepting lower salaries to enter the UAE job market. Golden visas are also drawing workers from regions like Singapore and Hong Kong, where visa rules are tightening. Indian expat Lalit Mukhi, now a golden visa holder, has used the UAE's tax-free environment to build a diversified investment portfolio, paving his way to financial freedom. He invests in equities, debt instruments, a peer-to-peer lending platform, property and gold. Scroll down for this week’s expert tip on networking to advance your career, and share your own tips with us at <a href="mailto:pf@thenationalnews.com">pf@thenationalnews.com</a>. The <a href="https://www.thenationalnews.com/news/uae/2024/11/12/dubai-flexible-working-hours/" target="_blank">UAE employment market </a>has been receiving an influx of candidates from the UK after <a href="https://www.thenationalnews.com/news/uk/2024/10/30/budget-rachel-reeves-tax/" target="_blank">Chancellor Rachel Reeves presented her budget </a>on October 30, according to recruitment consultants. This increasing interest in jobs in the Emirates is being attributed to the <a href="https://www.thenationalnews.com/business/money/2024/10/18/how-the-uk-tax-changes-could-benefit-the-middle-east/" target="_blank">tax-free lifestyle</a>, which is in contrast to the UK, where the <a href="https://www.thenationalnews.com/news/uk/2024/10/30/budget-rachel-reeves-tax/" target="_blank">tax burden has reached a historic high</a>. “We always <a href="https://www.thenationalnews.com/business/money/2023/09/15/why-now-is-the-best-time-to-update-your-resume/" target="_blank">see a lot of CVs </a>from UK candidates for entry-level roles. But now we are seeing more interest from people who have run businesses in the UK and are directors of companies,” says Nicki Wilson, owner and managing director of Dubai-based consultancy Genie Recruitment. <a href="https://www.thenationalnews.com/business/money/2024/11/16/uae-jobs-more-uk-candidates-flock-to-emirates-after-high-tax-budget/" target="_blank">Read the full story by Deepthi Nair …</a> Lalit Mukhi, 37, an Indian living in the UAE, says he has partially <a href="https://www.thenationalnews.com/business/money/2024/02/23/what-are-the-steps-to-achieve-financial-freedom/" target="_blank">achieved financial freedom</a>. He credits a savings-oriented mindset and effective <a href="https://www.thenationalnews.com/business/money/2024/10/30/what-asset-classes-to-invest-in-amid-market-volatility/" target="_blank">investment strategies </a>for this milestone. Mr Mukhi recalls his first investment while studying at college in India, in 2004, when he saved 25,000 Indian rupees (about $555 at the time) and bought 25 <a href="https://www.thenationalnews.com/business/money/2024/11/06/has-the-gold-rush-gone-too-far/" target="_blank">grams of gold</a>. However, he grew his savings and investments after learning about the <a href="https://www.thenationalnews.com/business/money/2024/06/25/how-an-abu-dhabi-resident-quit-full-time-work-at-56-to-pursue-financial-independence/" target="_blank">Financial Independence, Retire Early (Fire) movement </a>in 2022. Since he was already living frugally, he managed to attain financial freedom, based on his projected retirement needs in India, in 2023. He is working towards achieving this milestone for his UAE lifestyle, as well. <a href="https://www.thenationalnews.com/business/money/2024/11/12/my-dubai-salary-i-earn-more-than-dh30000-a-month-from-my-passive-income-sources/" target="_blank">Read the full story by Deepthi Nair …</a> <a href="https://www.thenationalnews.com/business/money/2024/11/15/uaes-bitcoin-investors-stay-the-course-as-crypto-rallies-to-near-100000/" target="_blank">UAE’s Bitcoin investors</a> stay the course as crypto rallies to near $100,000 How to <a href="https://www.thenationalnews.com/business/money/2024/11/07/how-to-gather-the-down-payment-to-buy-your-first-uae-property/" target="_blank">gather the down payment</a> to buy your first UAE property Ultra wealthy seek a new kind of <a href="https://www.thenationalnews.com/business/money/2024/11/09/ultra-wealthy-seek-a-new-kind-of-family-office-talent-as-they-move-to-uae/" target="_blank">family office talent </a>as they move to the UAE Establishing connections and fostering relationships is a crucial aspect of success in the UAE's competitive jobs market. Personal connections can go a long way in helping you land your dream job. The Emirates hosts many industry-specific events, conferences and exhibitions throughout the year, attracting professionals from diverse sectors. Attending these events offers a good opportunity to network with industry leaders and peers. Membership in professional associations can also help enable meaningful connections. Engage actively in these groups to widen your network and gain insights from industry counterparts. It is also important to be active on online networking platforms such as LinkedIn, which are instrumental in connecting with industry professionals. Engage actively on these platforms, share insightful content and participate in relevant discussions to make your presence known. However, personal interactions and face-to-face meetings are indispensable. Follow up with your connections after events, express appreciation and nurture relationships. <i>Have you got a great money-saving tip? Email it to us at </i><a href="mailto:pf@thenationalnews.com" target="_blank"><i>pf@thenationalnews.com</i></a><i> for a chance to be featured.</i>
