Sending your money home, especially when you are an expat in the UAE, isn’t as smooth as you think. You need to look for a competitive exchange rate that helps you send money safely, conveniently, and at an affordable price.
The need for efficient and convenient money transfer solutions is more significant than ever. Whether you’re sending money to support your family back in Nepal or covering expenses in Nepal, the process should be as straightforward as possible.
The United Arab Emirates (UAE) hosts one of the largest expatriate communities in the world. Among these diverse groups, Filipinos make up a significant portion of the population in the UAE, with a large number of them residing in Dubai.
The UAE is renowned as a mecca of opportunity for skilled professionals and expatriates to find fulfilling careers. While gainful employment and business opportunities are certainly a core part of the UAE’s charm, there’s much more the jewel of the Middle East has to offer.
This blog explains where you can go in the UAE and the most popular destinations Filipinos love.
On October 14th, 2023, Payit partnered with the Bayanihan Council Abu Dhabi during the Leadership Summit 2023 at Novotel Al Bustan Abu Dhabi. The Ambassador of the Philippines to the UAE, H.E. Alfonso Ferdinand Ver, was present and witnessed the signing of the Memorandum of Agreement on the same day.
A significant portion of the workforce includes domestic maids and laborers from various corners of the world in the UAE. While the country offers tremendous opportunities and a high standard of living, it also presents unique challenges when it comes to paying wages and managing financial transactions for these essential house helps.
UAE to Philippines
The UAE Dirham (AED) and Philippine Peso (PHP) exchange rate is highly volatile and can change rapidly based on real-time events. Thus, you must be extra careful when sending money from the UAE to the Philippines.
Whether you support your family back home or make other financial arrangements, ensuring your hard-earned money reaches its destination safely and cost-effectively is crucial. This blog explains people’s five most common mistakes when transferring money from the UAE to the Philippines.
The Nepali Rupee (NPR) and the UAE Dirham (AED) exchange rate, commonly known as the Nepali Rate, is a vital economic metric influencing various financial activities.
Many factors, including the economy and trade between the UAE and Nepal, influence the Nepali Rate. For example, the UAE exported $505 million to Nepal, and Nepal exported $4.01 million to the UAE in 2021 . This trade balance affects the strength of each country’s currency.
Since its debut in 2019, the UAE government has granted golden visas to eligible residents who contribute to the country, work in key industries, or have valuable skills that drive economic growth.
The country also encourages brilliant students and Ph.D. holders to stay in the country with a long-term residency permit upon meeting certain criteria.
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