An agreement that supports the "retirement in Dubai" program and enhances the emirate's position as a friendly destination for retirees

Dubai International Financial courts allow retirees to register wills at exclusive rates

The signed agreement contributes to strengthening the support system available to retirees.

■ from the source

Dubai has strengthened its appeal as one of the region's best live and retirement destinations, by adopting new steps to secure foreign investments and protect the assets of investors and residents.

A statement issued yesterday stated that the DIFC Courts have signed a cooperation agreement with the Department of Tourism and Commerce Marketing (Dubai Tourism), to support the "retirement in Dubai" initiative, the details of which were recently revealed.

Under the agreement, the Dubai International Financial Courts developed improved services for registering and proving wills at exclusive reduced rates, to help retirees secure their assets in the country, and to enjoy the peace of mind that accompanies their knowledge that their wishes will be respected.

Dubai attractions

The Vice President of the Courts of the Dubai International Financial Center, Judge Omar Al Muhairi, expressed his confidence that the current and unique will registration service could contribute to raising the total value provided by the new retirement program in Dubai.

He added, “With more than two million expatriates residing in the emirate, the Dubai government and the DIFC courts are aware of the vital importance of our innovative service to non-Muslim residents and investors, which provides them with practical assistance in planning their legacy, and enhances the unique appeal of Dubai, a destination for investment. Live and retire ».

Friendly destination

Youssef Lootah, Executive Director for Development and Investment at the Department of Tourism and Commerce Marketing, said: “We were inspired by the retirement program in Dubai from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the preferred lifestyle destination in the world. », Pointing out that one of the basic aspects to ensure the success of this program is the continued participation of all concerned parties and wide cooperation with partners. He stressed that the agreement signed with the DIFC Courts will enhance Dubai’s position as a friendly destination for retirees, as it will contribute to strengthening The support system available to retirees, at a time when the will service will be part of a wide range of benefits and world-class services available to beneficiaries of the retirement program in Dubai, which will ensure that they enjoy an active, stress-free retirement in the UAE, while leaving the main elements of planning for their retirement in the hands of Experts.

Wills service

According to the statement, the DIFC Courts established a will service for non-Muslims, in 2015, which is a joint initiative with the Dubai government to give non-Muslims residing and investors in the UAE a suitable option to transfer their assets and / or appoint guardians for their children, as instructed. Mentioned in their commandments.

As part of the UAE government's commitment to effectively employ advanced technologies and digital platforms to continue providing services to the public during the "Covid-19" crisis without interruption, the DIFC Courts redesigned their services in 2020, to facilitate communication and dealings with its will service.

new system

The DIFC Courts have developed the feature of making video calls via the Internet, to connect clients with the will registration service, whether via smartphone, tablet, or computers, to record their wills remotely from their homes, in line with the commitment of all individuals and companies to government instructions on staying in Home and work remotely.

The new system now allows the testator and two witnesses to meet via video call, instead of having to physically be in the same place, as was the case previously, and wills can then be uploaded directly through the system, and electronic signatures attached, to approve the will after the two witnesses approve it.

Digital access to the default record

Remote registrations add an additional degree of digital access to the existing virtual registry of wills, which allows people living abroad to create and register a will with the DIFC Courts, where investors and former residents can access the virtual registry from anywhere in the world, and be linked Over a video call, a "Compliance Officer" based in Dubai

Dubai International Financial Courts also provide an automated online drafting service for real estate wills, business ownership, and financial assets, with comprehensive explanatory notes, in case the retiree wishes to draft the will himself.

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