The Dubai Land Department (DLD) launched the unified lease contract for rental properties in Dubai in March this year to create a transparent and professional real estate market with measurable standards. Experts say the new system aims to protect all parties in the lease process and the revisions are seen as an example of best practice.
According to the DLD, brokers legally appointed to manage property of landlords based abroad are no longer allowed to sign unified lease contracts to get an Ejari–the online registration system initiated by the Real Estate Regulatory Agency (RERA) that requires all Dubai rental or lease contracts to be recorded.
The DLD says the property owner must directly sign the original lease contract; even agent who hold a POA to sign a rental contract are no longer allowed to act as proxies. Brokers must now send the unified lease contract via courier to owners who cannot come to Dubai to sign in person. Continue Reading →
Weichert Workforce Mobility will be conducting complimentary, half-day educational summits for HR & corporate mobility professionals in Zurich and Geneva. These programs offer strategies for measuring engagement levels across your mobile workforce and insight to key mobility trends that will impact your program for years to come. Subject matter experts from the corporate and provider perspectives will provide valuable insights and best practices to make it faster, easier and more cost-effective to manage mobile talent.
To ensure an intimate learning environment, attendance at these events will be limited. Dates and locations are as follows:
Tuesday, 10 October, 15:00 – 20:00
Rennweg 7, 8001 Zürich, Switzerland
Wednesday, 11 October, 15:00- 20:00
Rue de Lausanne 14, 1201 Geneva, Switzerland
Today’s post was authored by guest blogger Dave Leboff, President, US Operations for Immedis Inc., a premier global payroll solutions provider based in Dublin and New Jersey.
The Brexpat vote is a year in the rear view mirror and it continues to create growing ripple rings for Europe, the US and the world. A year ago I wrote a short article about the potential effects of Brexpat on exchange rates and, therefore, on expatriate allowances. That prediction is bearing out.
If we take a look at employees with Cost of Living Allowances the effect over the past year can be illustrated by looking at the Cost of Living Allowance (COLA). Continue Reading →
UK Customs (HMRC) has announced changes to customs procedures for household goods and motor vehicles entering the UK that will impact assignees being relocated to this region. This change goes into effect on 31 March 2017 and shifts responsibility for completing the Transfer of Residence (ToR) application from the shipper to the owner of the goods being shipped (in this case, the assignee).
Under these new guidelines, assignees moving to the UK are required to complete an online application for ToR relief. This form can be found here.
Once the online ToR form is completed and approved, the assignee will be sent a unique reference code which will allow the freight to be cleared and released by the HMRC. This reference code is critical and it is the responsibility of the assignee to ensure that it is issued in good time; therefore, your assignee should advice his or her Weichert contact as soon as it is received. If a shipment arrives in the UK without a reference code, it could be delayed or refused clearance.
The Right to Rent scheme, which requires landlords or agents in England and Wales to check immigration status of all prospective adult renters, came into force in May 2014. This scheme was put in place to tackle illegal immigration and protect public services and access to the private rented sector for lawful residents.
Earlier this month, the Home Office announced that as of 1 December 2016, Right to Rent checks are now mandatory and failure to conduct them will be a criminal, rather than a civil, offence.
That means that after the first of December, landlords could be charged with a criminal offence if they know, or have reasonable cause to believe, that they are letting to an illegal migrant. Moreover, landlords will be able to obtain a notice from the Home Office to end tenancies for occupants with no Right to Rent. Continue Reading →
Before last week’s Worldwide ERC Global Workforce Symposium in Washington, DC, we were honored to host our annual Global Representative Summit. This event brings together members of our Weichert Global Representative (WGR) network to undergo training, discuss regional market challenges, review trends and re-confirm our mutual commitment to providing Legendary Service experiences.
A highlight of this Summit is our annual WGR Awards. These awards are given to a select group of WGRs who are nominated by our service teams for going above and beyond in serving our clients’ mobile employees.
Congratulations to our 2016 winners: Writer Relocations (India), Pathfinder Relocation Services (Malaysia), Map Relocations (Belgium), EMS (Trinidad & Tobego), Corporate Care Relocation (Ireland), Packimpex (Switzerland), Premier Destination Services (LATAM; in photo) and Fragomen.
This week, we were happy to learn that we’d been nominated for two EMEA EMMA Awards in the categories of Relocation Management Company of the Year and Best Vendor Partnership, where we were nominated alongside Cisco Systems.
While we are certainly honored to be considered among the top RMCs in the EMEA region, we are particularly proud of the Vendor partnership nomination with Cisco Systems. Cisco has been an amazing partner, open to new ideas and fiercely dedicated to leveraging workforce mobility to drive their global talent management initiatives.
Although it’s an honor to simply be nominated, we always have our fingers crossed. Winners will be announced in London on November 11.
More than seven weeks have passed since the Brexit vote, and as much uncertainty exists today as on 23 June. For this post, I wanted to provide an update on my initial Brexit thoughts, overview the current state of affairs and try to determine the potential impact on global mobility. Although the more dire predictions haven’t come to pass, there have been some unexpected initial reactions:
• Mortgage and other interest rates have fallen in response to Brexit. More than one million borrowers with “tracker” mortgages (a mortgage comprised of a mixture of fixed and variable components) have benefited, and many lenders have also passed the falls on to other borrowers on variable rates. Those who want to take out fixed-rate loans have also seen rates fall.
• After an initial sharp fall, the stock market has rallied strongly to levels higher than those before the vote.
• The pound has lost more than 10% of its value against the dollar, down to its lowest levels since 1985. It has also fallen in value against the euro and currency experts expect it to remain at least 10% below where it was on 23 June, in the long term.
• If economists are correct, imported goods –food, clothing, homeware, etc — will consequently get more expensive. This will increase COLA payments made to assignees in the UK, and therefore cause an overall increase in cost for UK assignments in the long term.
Conventional wisdom and experience dictate that saying you want to break up and actually doing it are two very different things. That’s why many people were genuinely surprised when the majority of UK citizens voted to support British departure from the EU in the recent referendum.
Although the intent to exit is now official, the full scope of what leaving the EU will entail is still unknown. Cancelling UK treaty obligations could be relatively easy, but negotiating new trading relationships, tax treaties and immigration rules and regulations could be much more difficult and take much longer, without any guarantee of success. In the interim, there are some things that are important to understand regarding the implications of the Brexit referendum, particularly in regard to workforce mobility.
For the past two years, Weichert Workforce Mobility has been the only large-size relocation management company to rank among the top three in the “RMC of the Year” category of the EMMA Awards in all three regions — the Americas, EMEA and APAC. Presented by the Forum for Expatriate Management, the EMMAs are among our industry’s most coveted awards, celebrating excellence in expatriate mobility.
We are proud to note that in 2014, Weichert Workforce Mobility has once again been nominated as RMC of the Year in all three regions. In the Americas, we were also nominated in the “Thought Leadership Study of the Year” for our popular and groundbreaking Latin America mobility survey. Continue Reading →