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www.dubaibusinesskey.com: No Dubai visas without medical insurance: No Dubai visas without medical insurance: DHA Applying for visa now requires medical insurance coverage The mandatory insurance ...

No Dubai visas without medical insurance

No Dubai visas without medical insurance: DHA

Applying for visa now requires medical insurance coverage

The mandatory insurance scheme linking application for a visa in Dubai to medical insurance is now in place, the Dubai Health Authority (DHA) has confirmed.

Residents applying for a new visa or visa renewal must be able to demonstrate that they are covered by medical insurance, unless they are part of the last phase of the rollout of the scheme, which looks at a deadline of June 2016.

Employees of companies contracting more than 100 employees must comply with the new rules, which are in place since the beginning of this month.

Medical certificate

When applying for a new visa or visa renewal, a medical certificate must be presented.

The medical certificate is a document provided by the insurance company stating that a person is covered by medical insurance, explained Haidar Al Yousuf, Director of Health Funding, DHA.

"All insurance companies should be able to provide this document free of charge.

"When visiting the General Directorate of Residency and ForeignersAffairs (GDRFA), this document must be presented along with other documents required for a visa or visa renewal.

"When applying online, there is an option to upload the document when submitting the application," he continued to explain.

According to the director, there was a minor change made to the system after the new rules were in place.

"Whereas the system first asked for the document with an upload option reading 'other documents', it now reads 'scan of the health certificate'."

However, al Yousuf assured that as employees are sponsored by their respective companies, the application procedure will be carried out by the company.

On the same note, the company is responsible for the provision of medical insurance, and if this is not provided on time, any potential fine for overstaying would come to the company, he explained.

Visitors to Dubai

Visitors to the emirate will also be required to have a medical insurance coverage upon entering Dubai, however, details of this part of the scheme are yet to be announced.

"There will be a comprehensive system in place and the details of this system will be announced at a later stage."

Currently, visitors applying for a visa through the GDRFA are already required to purchase medical insurance upon purchasing a visa.

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Visitor health insurance cover a windfall for insurance firms

Resident individual sponsors of relatives and friends visiting the UAE are required to purchase health insurance as part of the visit visa for each visiting individual. This is done to ensure that if any medical emergency takes place, there is sufficient cover to provide for medical care.

However, not often is this cover claimed – resulting in such purchases becoming another revenue stream for insurance firms.

S Kumar and his family were relaxed when they were presented the bill of a hospital visit for his ailing mother-in-law. Secured with a health insurance coverage that came with her tourist visa, the Dh6,500 bill would be only a matter of time before it would be repaid by the insurance firm.

But not so.

“My mother was on holiday in Al Ain, where we live. When she started having stomach problems, we decided to have it checked at the hospital, thinking that the visit would be covered,” tells S Kumar. “She is 80-years old and at that age every little ailment is an emergency. The man with the scythe is just looking for an excuse. She had to have scans and the bill came to Dh6,500. I did not expect to pay such an amount as my own insurance pays for my hospital visit upfront. But then, I was told I could ‘try’ and claim it from the Visit Visa insurance cover,” said Kumar.

“However, I was flatly told by the hospital staff that it would be almost impossible to get a refund. I tried, they were very nice over the phone, but I still have not got anything back,” he added.

Visitors who apply for a visa under sponsorship are required by law to purchase a health insurance. However, these health insurance packages cover emergency cases only, and for any other treatment travel insurance is recommended, or the visitor is left with the unexpected holiday expense.

Commenting on the overall scenario of visitor health cover in the UAE, leading insurer, Daman, explained that, generally speaking, claims are not that frequent but are usually very expensive.

“Daman offers health insurance plans for 40, 70, 100 and 190 days; those cost Dh40, Dh70, Dh90 and Dh180 respectively,” explained Dr. Sven Rohte, Chief Commercial Officer at Daman.

In 2011 alone, Daman provided 65,500 visitors to Abu Dhabi with a healthcare package.

However, emergencies are not as frequent as other cases, and by consequence not many of the 65,500 members Daman insured last year may have had to use the card, said Dr Rohte.

“I actually think insurance firms are making a good buck out of this,” says Kumar. “The health insurance package is mandatory with the visa application, but the number of cases in which it is used is very limited.”

Apart from Abu Dhabi, the emirate of Dubai implemented similar requirements for visitors to the emirate in 2008. In other emirates health insurance for visitors to the UAE is advised. 

UAElaunches e-visa system for visitors

The UAE has launched an electronic visa facility in Spain to facilitate the issuing process.

UAE Ambassador to Spain Dr Hasa Abdullah Al Otaiba launched the new electronic visa service for the issuance of entry visas to the UAE.

The new system enjoys accurate specifications and meets the requirements of high security.

The new service was launched at the consular section in the presence of Khalifa Al Mazrouei, an official in charge of the consular affairs at the Embassy and other consular officials.

The UAE ambassador said the service is in line with the directives of the leadership to upgrade work procedures in different institutions.

She thanked all the officials of the Ministry of Foreign Affairs who contributed to this excellent project.

However, this rule does not apply to everybody, as some individuals are sponsored by organisations or do not require at all.

"There are other groups that are currently not covered by this rule, but they will be under the new system," said al Yousuf.

The official date for the linking of the visa to medical insurance was August 1, 2015. However, the GDRFA and the typing centres employees in the emirate were not aware of the new rule when asked local media.

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"The online application procedure had to be fine-tuned, but once that was done the system was in place. It is now fully implemented," said Al Yousuf.

Currently phase 1 and phase 2 of the mandatory scheme have been completed, covering companies’ with more than 1,000 employees on their sponsorship and companies with 100 to 999 employees.

Companies with less than 100 employees, and spouses, dependents and domestic workers are part of phase 3 of the rollout.

"We are still counting but it looks like the population that is covered by medical insurance now stands at 2.7 million. We expect that 3,000 companies, consisting of a total of 600,000 employees have complied with the rules.

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Company registration in RAK Free Zone

120 new Dubai property projects launched in two years

Emaar, Nakheel and Damac top list of off-plan project launches. www.dubaibusinesskey.ae

A total of 120 new projects were launched in Dubai in the past 24 months, with investors being drawn to the off-plan market due to attractive prices and payment plans, according to a local real estate portal.

The Dubai market witnessed 120 new project launches in the last 24 months

Emaar Properties, Nakheel, Damac Properties, Meraas Holding, Meydan and Dubai Properties have announced the maximum number of launches.

He stated that the market for ready properties had cooled down after appreciating an average of between 35-45 per cent since 2012. He added that independent analyst reports pointed to a correction of between seven per cent and 10 per cent for mature communities over the past 12 months.

The off-plan property market, he said, has become particularly attractive with a large number of developers offering well-priced properties and flexible payment plans.

The portal has launched an 'off-plan properties search', allowing buyers to find under-construction properties in around 40 projects.

Dubai had seen launches of 14 new projects in the first five months of 2015 compared to 37 project launches announced during same period last year.

In its latest report, titled ‘The Curious Case of Payment Plans’, Reidin.com and Unitas said 55 per cent of all off-plan property launches were now offering back-weighted payment terms compared with 29 per cent two years back.

n March 2015 'Wealth Gauge' report, Mashreq, a leading bank in the UAE, had asserted that real estate developments with innovative payment plans was the need of the hour and back-loaded schemes for off-plan properties whereby developers demand chunk of the payments only after the hand over were in demand.

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www.dubaibusinesskey.com: construction and insurance laws Dubai

www.dubaibusinesskey.com: construction and insurance laws Dubai: Dh700k for man on whom door fell at work. www.dubaibusinesskey.com Court orders construction and insurance firms to pay damages An ex...

construction and insurance laws Dubai

Dh700k for man on whom door fell at work. www.dubaibusinesskey.com

Court orders construction and insurance firms to pay damages

An expatriate employee in Abu Dhabi won a case against two local construction and insurance companies after a court ordered them to pay him Dh700,000 damages for a serious injury caused when a steel door fell on him at work.

The worker had sought Dh300,000 during initial hearings at a Court of First Instance, before he demanded Dh1.6 million when an expert report presented to court blamed the contracting firm for not taking sufficient safety measures at the construction site.

The judge ordered the two companies to pay Dh600,000 damages to the worker after a medical report he was no longer able to work.

After appeals hearings requested by both the worker and the two firms, the judge increased the damages to Dh700,000, prompting both sides to appeal with the Court of Cassation, which upheld that sentence.

“The court found that the compensation sum is suitable for the worker who became unable to work and support himself.

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www.dubaibusinesskey.com: Company registration in Dubai Healthcare Free zone...

www.dubaibusinesskey.com: Company registration in Dubai Healthcare Free zone...: Company registration in DubaiHealthcare Free zone Dubai Dubai Healthcare City  (DHCC) was launched in 2002 Dubai Health care City (D...

Company registration in Dubai Healthcare Free zone Dubai

Company registration in DubaiHealthcare Free zone Dubai

Dubai Healthcare City (DHCC) was launched in 2002

Dubai Health care City (DHCC) was launched in 2002 by the UAE Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, to meet the demand for high-quality, patient-centred healthcare. Today, DHCC is home to two hospitals, over 120 outpatient medical centres and diagnostic laboratories with over 3700 licensed professionals occupying 4.1 million square feet in the heart of Dubai.

Dubai Healthcare City Free Zone established in 2002, the Dubai Healthcare City Free Zone, or DHCC, Are you providing healthcare services? Healthcare, education and research, investment?

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Limited Liability Company LLC

The Term LLC (Limited Liability Company) is very famous in UAE, the minimum number of shareholder is Two and maximum are Fifty. The liability of shareholders is limited to their shares in the capital. The company can have any types of activities Except Insurance, banking or money investment in United Arab Emirates, If anyone interested to have investment or other services, the best way is arrange your meeting with one of Investment advisor Lawyer, who will advise according to your circumstances.

In LLC Company memorandum of association must include as follows, Trade name of the company, its objectives, office address, when it was started, names and designations of shareholders, their nationalities, addresses, and places of residence. The important point amount of capital, share of each shareholder, and a statement of capital.
Dubai, Capital Deposit rule has been cancelled. Limited Liability Company can be formed without Bank Deposit Certificate and Auditor Certificate.

Abu Dhabi, minimum capital requirement is Dh150, 000. The manager of the company will be allowed to operate the account as soon as the incorporation is completed. The Manager of the company can be more than one and he/they shall have all administrative and financial powers. A shareholder may transfer his share in the company or part of it to another shareholder or to a third party. Management is handled by no more than five designated managers, who are not necessarily members of the company.

Non-UAEnationals may own 49 per cent of an LLC.

In distribution of profit and loss, foreign investor can have 80% and 20% local UAE sponsor but still other terms and conditions can be negotiate and can be legalize as well. All cases have their own merits and terms conditions.

It is imperative that each limited-liability company appoints auditors to satisfy the requirements of the Commercial Companies Act. The law does not permit this form of company to issue share certificates. Evidence of ownership in the company is related and evidenced by the percentage contributed, assigned, or transferred in the share capital.

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