The UAE residents were greatly relieved when the Golden Visa rules were updated in October since it removes the hassle of renewing the visa every year. The residents can now get a golden visa with 10-year validity, a reduced investment, and no purchase transaction restrictions.
While the expat population comprises almost 88.52% of the country’s population, it is no wonder why the UAE is the second largest contributor in the world in terms of foreign remittances.
Today’s women are empowered through increased gender equality, access to education and career opportunities, and the ability to amplify their voices through technology and social media.
The last registration date for the UAE’s unemployment insurance scheme was 30th June 2023, which was extended to 1st October 2023 to give more time to the employees to sign up. While there’s a sheet of excitement among the residents to enroll in the scheme, many people are still unclear about how to claim the insurance amount in case they get terminated from their jobs involuntarily.
When opening a bank account, you are always asked whether you want savings or a current account. If you don’t know which one you should select, you will end up opening the wrong account that will not serve your purpose.
The United Arab Emirates (UAE) has a whopping population of 9 million expats, which comprises 88.52% of the total population. Attractive package, lap of luxury, and the dash & dunes of the country have gathered more expats to work for them.
However, living in this country from a financial perspective is not smooth sailing if you haven’t planned your finances. This blog is your go-to guide for personal finance tips if you are a working expat in the UAE
The unemployment insurance scheme announced by the UAE government is effective from 1st January 2023. The scheme is introduced to offer social security during unemployment and enhance the competitiveness of unemployed people. Already 250,000 people applied to the scheme by 12th Jan 2023
Once you become a parent, everything changes, and one of the most significant things that will change is your expenses. While raising a child is one of the most fulfilling experiences in your life, many people conveniently forget to mention the impact on your budget.
Only 25% of the high school students in the USA have access to personal finance education this year. However, 80% demanded to be educated about managing their personal finances.
We all make mistakes and learn from them, but money mistakes are too costly that you must avoid them. Financial decisions need patience and a lot of your time to think about whether a decision is good for you and for your kids.