As you prepare to retire and leave the UAE, it’s crucial to handle several important tasks to ensure a smooth transition and avoid any legal complications. One of the key steps is closing all your bank accounts. According to the UAE Central Bank Regulation No. 29/2011, banks must close accounts and issue a certificate within seven days of receiving a request, provided the account is more than a year old.
Another critical task is cancelling the visas of your family members. This process can be completed either by visiting the Amer Service Centre or online, requiring the submission of necessary documents and payment of applicable fees. It’s essential to cancel dependents’ visas before cancelling your own.
Managing your tenancy agreement is also vital. The Dubai Land Law does not specifically address early termination, so it’s advisable to notify your landlord in writing at least 90 days before vacating the property. If you plan to leave sooner, you should attempt to reach a mutual agreement with your landlord. If there’s no agreement, you may need to involve the Real Estate Regulatory Authority.
Clearing all credit card dues is essential to avoid legal issues. Defaulting on payments can lead to severe consequences, including travel bans and legal action if the outstanding amount exceeds Dh10,000. Lenders may file cases in court to recover debts, which could result in further legal complications.
Before departing, ensure that you have completed all these tasks to avoid any potential legal issues. Consulting with legal professionals can provide additional guidance if needed.