Anyone looking for challenges, climates, and cultures different from West countries can certainly consider living in the United Arab Emirates. The country located on the Persian Gulf has become highlighted in recent years for its rapid economic rise and has received so many immigrants in which it currently has people from more than 200 nationalities distributed in large commercial centers such as Dubai and Abu Dhabi. And the advantage is that it is easy to find opportunities there for those who speak English – a language that is certainly easier than the local language, which is Arabic.
How to live in the UAE
Even if the trip is for tourism, we need to obtain a visa to enter the country. This can be done through sponsors (sponsors) who must be responsible for the foreigner’s stay for a maximum period of 30 days. Generally, those who send this permission are hotels, family members who live in the emirates or companies that send employees on business.
To live in the United Arab Emirates with a residency visa, it is necessary to get a job, undertake or study. The rules for permanence may vary depending on the policies of each emirate, but in general, you are allowed to live there for a maximum of three years.
As this is a very strict nation with its customs, the so-called “permanent residence visa” is not common and this is only possible if the company that hired the foreign professional has sufficient resources and influence to obtain a permanent residence permit of validity. Citizenship by naturalization is even more difficult: it is only granted, in some cases, to those who have legally lived in the country for 30 years and who prove to have a good reputation.
Working in the UAE
To get a chance to work with a good salary, the professional must have at least a diploma. As the economy is constantly growing, engineering, science, tourism, and aviation are some of the most promising areas for foreigners.
In general, foreigners can live in the UAE to work for three years – even if they are an entrepreneur or buy a property. This period can be renewed if the firm proves the need to keep the employee in the country.
Upon being called for an opportunity in one of the emirates, the contractor will obtain a Work Card and a residence visa and will not be able to work anywhere else unless this is stated in his/her authorization.
The need for insurance in UAE
Fulfilling the dream of buying a home or a vehicle, starting our business, or even having children, in UAE are moments that bring us deep joy; However, when we finally have what we long for, questions arise that arise from the fear of losing them …
What if it catches fire? What if I crash? What if it is stolen? What if I get sick?
All these questions include what is known as “insurance risks”, and when we find one, we can:
- – Ignore it: think about something else and wait for nothing bad to happen.
- – Prevent it: take steps to avoid misfortune.
- – Assume it: save to cover the expense in case of any eventuality.
- – Transfer it: transfer the risk to an insurance company that backs the loss.
Transferring the risk is the best option, because taking insurance, especially health insurance in Dubai, is more profitable than getting back what we lost.
Insurance policies are the ideal mechanism to guarantee that the assets for which we have fought will endure despite setbacks.
Securing our assets and even our lives requires taking into account:
- Declare the truth about the state of what we are going to insure.
- Maintain in good condition and prevent something from happening to which we are insuring.
- Pay the insurance policy.
- Read the information provided about the policy to be purchased.
- Confirm that the information deposited in the insurance certificates is correct
Two popular insurance types in UAE: Third-party insurance and Comprehensive insurance
Many people cannot tell the difference between third-party insurance and comprehensive insurance. Actually, the difference lies in the type of coverage. The first only protects the damage caused by third parties while the second protects also from the damage caused by you as the insured.
Choosing the right type of insurance is very important, especially if you live in the UAE, a country with a very high level of mobility. Not having any insurance can result in a violation of the law which in some situations may result in disqualification of the driver’s license.
There are many risks that can befall someone who does not have insurance such as fines, accidents (both small and large), to the risk of theft. The crime rate in the UAE is low compared to other countries in the Middle East region but that does not mean there is no risk of theft at all. There is always the risk of you getting theft so you can’t ignore insurance altogether.
This article is intended to compare in general terms, the difference between third-party insurance and comprehensive insurance. This comparison will be broken down into bullet points assuming you insure a car:
Comprehensive car insurance is one type of car insurance that many people find the most profitable because it protects the car from any damage. There are many anticipated risks such as collisions, accidents, fires, and many more.
Of course, in addition to protecting your car from damage caused by yourself, this type of insurance also protects your car from any damage caused by third parties. With this type of insurance, you provide the option of adjusting the market value of your car. That way you can get a reasonable amount of premium. You can choose add-ons to expand the type of coverage your car receives in exchange for what you paid for.
Some add-ons include details like engine protection, gearbox protection, invoice covers, and more. Of course, with all its advantages, comprehensive insurance is clearly more expensive than third-party insurance because there are more protected points. But considering the situation in the UAE, you will actually save your money in the long run.