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Planning Retirement Pensions as a New Expat in Dubai


Mondial Pensions specialises in retirement & Pension planning solutions. With over 25 years experience in African and the Middle East, we are the longest serving Pension Advisors in the region....(read more)


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Dubai is one of the fastest-growing cities in the world and has become a popular destination for expats. However, moving to a new country can be daunting, especially if it's your first time. Here are a few tips on what to do as a new expat in Dubai. 1. Choose your accommodation wisely One of the first things you need to do as a new expat in Dubai is to choose your accommodation. When selecting a place to live, take into consideration the proximity of the area to your place of work and the amenities that you need. Dubai has a wide range of accommodation options - from apartments and villas to shared spaces and serviced apartments. 2. Get your paperwork sorted Dubai is a city that prioritizes paperwork. You will need a residence visa to stay in the country, so make sure you get this sorted out as soon as possible. Additionally, you will need a UAE driver's license if you plan on driving in Dubai. You should also get health insurance, which is mandatory in the UAE. 3. Respect the culture and laws The UAE has a conservative culture and strict laws that you should be aware of. For instance, you should dress appropriately in public places, avoid showing public displays of affection, and respect the religious holidays and traditions. Familiarize yourself with the laws of the country and ensure that you abide by them. 4. Network and make friends Dubai is a vibrant city with a diverse population. One of the best ways to settle into the community is to network and make new friends. Attend social events and join clubs that interest you. This way, you can meet like-minded people who can help you settle into the country. 5. Plan for retirement As an expat, it's essential to plan for your retirement, and Dubai provides excellent pension options for expats. The Dubai International Financial Centre (DIFC) is the region's leading financial hub, and it offers a range of retirement solutions for expats. The DIFC has established an end-of-service-gratuity (ESG) scheme, which provides a gratuity payment for employees once their employment contract comes to an end. The scheme is based on an employee's length of service and final basic salary. The DIFC also offers a voluntary savings plan that helps employees save for their retirement. In conclusion, moving to a new country can be challenging, but with a little bit of planning and research, you can settle into your new home. Dubai is an exciting city with plenty of opportunities for new expats. By following these tips, you can make your transition to Dubai a smooth and enjoyable experience. https://inflationprotection.org/planning-retirement-pensions-as-a-new-expat-in-dubai/?feed_id=84568&_unique_id=642c6c5063240 #Inflation #Retirement #GoldIRA #Wealth #Investing #dubaiexpats #ExpatPensions #offshorePensions #Pensionadvisors #PensionRetirementPlanning #PensionTransfer #PensionsPlans. #QROPS #Retirement #robertpalmer #SettingupaPension #SIPP #RetirementPension #dubaiexpats #ExpatPensions #offshorePensions #Pensionadvisors #PensionRetirementPlanning #PensionTransfer #PensionsPlans. #QROPS #Retirement #robertpalmer #SettingupaPension #SIPP
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