Passengers can now purchase hand baggage-only fares through Etihad to various locations within its network. Getty 
Passengers can now purchase hand baggage-only fares through Etihad to various locations within its network. Getty 

Leaving the UAE: everything you need to know before you go



Whatever the reason you are leaving the UAE — be it due to the end of your visa or work contract, returning home or seeking new adventures in another country — there is a lot to consider before you catch your flight. We have put together an essential checklist of everything you need to have in place before you leave to ensure your exit is as smooth as possible.

Clear your debts

This should be your top priority. Non-payment of a debt is a criminal offence and could lead to arrest and a prison sentence. You could even be stopped from leaving the country if you try to jet off without putting your finances in order.

Cancel your visa

As soon as you become aware that you will be leaving the country, you must inform your employer (your visa sponsor) of your intentions. You will be required to hand over your passport temporarily while your residence visa is cancelled. Failure to do so could delay your departure and see you marked as an absconder on the immigration system.

Get what you are owed

Firstly, make sure you give your employer the required period of your statutory notice. From here, you should request your gratuity payment from your place of work. Such matters will be dealt with by your company's human resources department.

Close your bank account

Ensure that you close all bank accounts that you no longer intend to use ahead of your exit. Visit your branch and fill out a closure form. Many banks will be able to give you the cash sum of your balance, although if you have active accounts in another part of the world, such as the country you are going to next, it makes sense to transfer the funds instead. Make sure you clear up all loans with the bank prior to requesting the closure and bring your passport and Emirates ID with you.

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Read more:

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Special report: Unwed expat mothers in legal limbo hope new visa laws will help them

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Sell your car

If you own your vehicle, selling it is fairly straightforward. You can place a classified advert, use online platforms or simply put notices advertising its sale in your building, place of work or on the windscreen of the car itself.

If you have your car on finance, you must speak to the bank with whom you have the loan. If you have a loan to repay, get the buyer to purchase the car in a lump sum, giving you the necessary funds to clear the debt.

Settle bills

You are likely to have phone and TV contracts as well as water, electricity and air conditioning services to sort out. Contact the customer services department of your service providers to request a final bill and make sure you have no outstanding payments to make.

End your tenancy

Make sure to read the fine print on your tenancy contract. The clauses are likely to include the number of months' rent you will be expected to pay for breaking your tenancy agreement. It can be up to three months, but it may be possible to negotiate a better deal with your landlord. Another possibility is finding a tenant to take over your lease — if possible, the landlord may agree to end your tenancy without a fee.

Take your kids out of school

You will need to obtain a transfer certificate from your school to prove the years of study your child has completed. According to the Knowledge and Human Development Authority in Dubai, you will need a "student leaving certificate" from your school. This will confirm your child's education history. You will also need to discuss whether tuition fees paid in advance will be returned if you are leaving before the end of the academic year.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

UAE currency: the story behind the money in your pockets
Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

New Zealand 21 British & Irish Lions 24

New Zealand
Penalties: Barrett (7)

British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell 
 

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