Go Back  British Expats > Living & Moving Abroad > Middle East
Reload this Page >

Leaving Dubai - UAE Financial Liabilities

Leaving Dubai - UAE Financial Liabilities

Thread Tools
 
Old Aug 9th 2011, 1:11 pm
  #1  
Just Joined
Thread Starter
 
Joined: Aug 2011
Location: Doha
Posts: 9
mrfish7 is an unknown quantity at this point
Default Leaving Dubai - UAE Financial Liabilities

I have a friend who is shortly being relocating to Qatar with their Employer. They still have some financial liabilities in the UAE which includes a loan and mortgage on a property. We are trying to obtain some much needed advice on the following main points:

1. Will the Dubai Visa need to be cancelled to obtain a Qatar Visa or is there a way of keeping both visas.

2. If the Dubai Visa is cancelled will the banks be informed automatically or at what stage will they be informed (if at all).

3. Can a UAE bank account be kept open without a Dubai Visa.

Its important to note that the employer still intends to keep paying part of the salary into the UAE account to cover liabilities in the UAE and no end of service benefits will be paid at this time.

However, if the Dubai Visa is cancelled will there be a problem with the Banks in the UAE. As the current Dubai Visa has two years to run we would think that they will not ask for any documentation until the existing visa expires and by then the liabilities will have been settled in full.

The other key question is;

4. What happens with mortgages on properties in the UAE if you intend to leave the country. The question is should they keep paying the mortgage payment from the UAE bank account or should they just inform the mortgage provider they are leaving Dubai and provide standing instruction details from their bank account in Qatar.

Thanks.
mrfish7 is offline  
Old Aug 9th 2011, 1:47 pm
  #2  
Hit 16's
 
Bahtatboy's Avatar
 
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Bahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond repute
Default Re: Leaving Dubai - UAE Financial Liabilities

Originally Posted by mrfish7
I have a friend who is shortly being relocating to Qatar with their Employer. They still have some financial liabilities in the UAE which includes a loan and mortgage on a property. We are trying to obtain some much needed advice on the following main points:
.
Bit of a give away, but good luck...
Bahtatboy is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.