May 30, 2018

Dubai based companies won’t be fined; license renewals made easier

2:31 PM 0
Dubai based companies won’t be fined; license renewals made easier

The Dubai Department of Economic Development (DED) on Tuesday said that the decree No 20 of 2018 exempting companies operating in Dubai from fines and facilitating license renewals, which was issued by His Highness Sheikh Mohammad bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, reflects the vision of Dubai’s leadership to further enhance the competitiveness of the Emirate.
DED observed that the decree is a strong testament to the leadership’s continued support to the business sectors in the emirate and in overcoming all obstacles that face them, in addition to underpinning His Highness's vision to strengthening the economy and creating a competitive environment conducive to investments in Dubai.
Sami Al Qamzi, Director General, DED, said: "DED urges all business owners to benefit from the decree, which exempts companies and establishments operating in the Emirate of Dubai from all the fines imposed on them, and facilitate the procedures for renewing licenses by the end of 2018. This will add to the financial benefits of the owners of expired business licenses, restore legal records and licenses, and help the business community in Dubai enhance their competitiveness".
Omar Bushahab, CEO, Business Registration & Licensing Sector in DED, said: "This decree is a positive step in promoting economic growth and consolidating Dubai's position as one of the important commercial and economic centres internationally. It reaffirms to investors and businessmen around the world that Dubai effectively addresses various economic variables with a forward-looking vision by adopting best practices and regulations. It also helps to remove concerns among investors and entrepreneurs looking to expand their business".
Bushahab urged the owners of business licenses to expedite all necessary procedures to benefit from the exemptions to renew their licenses before the grace period until the end of 2018.
The decree is part of the initiatives launched by His Highness Sheikh Mohammed to reduce cost of doing business and facilitate inward investment in the emirate. The Department of Economic Development is implementing four initiatives to stimulate competitiveness and achieve sustainable economic development in Dubai. These are related to exempting businesses from fines and trade violations, reducing operational cost in the retail sector, supporting local production and procurement, as well as attracting the best startups to Dubai and promoting them.

10-year residence visa in UAE for investors, doctors, specialists and top students

11:18 AM 0
10-year residence visa in UAE for investors, doctors, specialists and top students

100% ownership for investors, 10-year residence for investors, professionals and families, plus top students

ABU DHABI: To further boost the UAE’s position as a primary destination for international investors and top talent from around the world, the Cabinet on Sunday has adopted a new system of entry visas for investors and professionals — providing them with a long-term visa for up to 10 years.

The decision, made during a Cabinet meeting chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, further reinforces the UAE’s position as a primary destination for international investors and global talent.
ترأست اجتماعا لمجلس الوزراء أقررنا خلاله التالي: 100% تملك المستثمرين العالميين للشركات بالدولة، تأشيرات إقامة للمستثمرين تصل ل10 أعوام ،وتأشيرات إقامة تصل ل10 أعوام للمتخصصين من أطباء ومهندسين وغيرهم ولأسرهم وأيضا للطلاب المتفوقين. الإمارات ستبقى حاضنة للمبدعين ووجهة للمستثمرين
The move was initially announced in a tweet sent out from the official Twitter handle of Shaikh Mohammad.
The new rule was approved by at the Cabinet meeting chaired by Shaikh Mohammad at the Presidential Place in Abu Dhabi on Sunday. Lt. General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, and Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, were also present.
.@HHShkMohd chairs Cabinet meeting & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade ‘A’ students.

Residency system amended

"The UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. Our open environment, tolerant values, infrastructure and flexible legislation are the best plan to attract global investment and exceptional talents to the UAE," stated Shaikh Mohammad.
He also directed the Ministry of Economy, in coordination with the concerned parties, to implement the resolution and follow up on its developments, and to submit a detailed study in the third quarter of this year.

New visa system

The new visa system will increase the chances of attracting investors and competencies to the UAE and thus, further boost the country's economic competitiveness globally.
The global investors' ownership of UAE-based businesses is expected to reach 100% by the end of the year.
.@HHShkMohd chairs Cabinet meeting & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade ‘A’ students.
.@HHShkMohd orders concerned Gov’t entities to implement decisions before the end of 2018. His Highness also orders extension of residency for students sponsored by their parents after completion of their graduate studies to allow for ample time to decide on career paths.
View image on Twitter

10-year residence visas

The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators.
It also grants five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.
The Cabinet also issued instructions to conduct a review of the residency system with a view to extending residency permits for those sponsored by their parents after completing their university studies to facilitate their future residence in the UAE.

Sign language dictionary adopted

Meanwhile, the Cabinet adopted in its Sunday session the UAE Sign Language Dictionary, the first UAE-language reference dictionary for the UAE dialect, and a unified reference language for people with hearing disabilities in the UAE.
The Emirati Sign Language Dictionary is in line with UAE Vision 2021 and the National Agenda in maintaining a cohesive society and promoting an inclusive environment that integrates all segments of society while preserving the UAE's unique culture and heritage.
The guide will facilitate the exchange of knowledge between the members of society and those with hearing disabilities and harmony among them, and promote the linguistic identity of the deaf community in the country and increase their pride in their homeland and their own language, derived from the local dialect.


The UAE Cabinet also adopted a resolution on the Hajj and Umrah system, which aims to develop the regulations and procedures in line with the approved electronic pathway programme for pilgrims in Saudi Arabia, which includes Hajj permits and permit-granting regulations.
The Cabinet also adopted the Federal Law on Medical Assistance in Reproduction, which comes as a renewal of the current law in the same field.
The new law expands its provisions to include new regulations in licensing medical centers.

School calendar for 2018-2021

On the other hand, the Cabinet adopted the school calendar for the next three years (2018-2021) for all levels of education in order to provide all parties involved in the educational process with a clear and accurate view of the school calendar.

Emirates Diplomatic Academy

The Cabinet also approved the restructuring of the Board of Trustees of the Emirates Diplomatic Academy under the chairmanship of Shaikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Board of Trustees.
The Board of Trustees also includes: Dr. Anwar bin Mohammad Gargash, Minister of State for Foreign Affairs; Dr. Sultan Al Jaber, Minister of State; Zaki Anwar Nusseibeh, Minister of State; Ali Mohammad Hammad Al Shamsi, Deputy Secretary General of the National Security Council; Omar Saif Ghobash, UAE Ambassador to the French Republic; Lana Zaki Nusseibeh, Permanent Representative of the United Arab Emirates to the United Nations, Mohammad Issa Abushahab, Ambassador of the United Arab Emirates to the Kingdom of Belgium; Mohammad Ahmad Al Harbi as well as Abdelnasser Jamal Al Shaali from the Ministry of Foreign Affairs and International Cooperation.

Foreign Humanitarian Assistance 

The Cabinet also approved the re-formation of the UAE Committee for the Coordination of Foreign Humanitarian Assistance headed by Reem Al Hashemi, Minister of State for International Cooperation, to coordinate and organize the UAE's humanitarian response to all international humanitarian crises and situations.
The committee includes representatives of the armed forces, UAE Red Crescent Authority, Khalifa Bin Zayed Al Nahyan Humanitarian Foundation, Mohammad Bin Rashid Al Maktoum Charitable and Humanitarian Foundation, Dubai Cares Foundation, and the World Humanitarian City.
The Cabinet also adopted the establishment of a UAE Embassy in Ivory Coast in Abidjan and the establishment of a UAE Consulate General in Zanzibar in the Republic of Tanzania.

The Cabinet also approved an agreement between the Government of the Republic of Moldova on economic and technical cooperation, an agreement with the Government of Turkmenistan on cultural cooperation and the adoption of UAE’s contribution to the Eleventh Replenishment of the International Fund for Agricultural Development (IFAD) for the period 2019-2021.

10-year residency will attract specialist doctors

11:15 AM 0
10-year residency will attract specialist doctors

Long-term visas will support efforts to bring highly skilled medical professionals to UAE, senior industry executives say

Dubai: The health care sector stands to hugely benefit from changes to the UAE’s visa laws, which will provide doctors with long-term residency of up to 10 years, according to senior industry executives.
On Sunday, the UAE Cabinet announced that it would be introducing a new system of entry visas for investors and skilled professionals later this year, providing them with a long-term visa.

In a statement emailed to Gulf News, Dr Rakesh Suri, chief executive of the Cleveland Clinic in Abu Dhabi, said that the decision was an important step towards developing a knowledge-based economy.
“The availability of long-term visas will support our efforts to bring global specialists to the UAE, who in turn will contribute to the development of the next generation of Emirati national caregivers,” Suri said.
A company spokesperson for Mediclinic Middle East, which operates six hospitals and 23 clinics in the UAE, said that the company was pleased to hear the news
“As an international health care company, we actively seek medical experts from around the world and these changes could further encourage individuals to come and work in the UAE,” the spokesperson added.
The new skilled visa is understood to encompass specialists in a range of medical, research and technical fields, as well as scientists and innovators.
Dr Azad Moopen, founder and chairman of Aster DM, said the decision would have a “huge impact” on the health care industry, where doctors are usually reluctant to relocate without a long-term plan.
“The highly skilled medical professionals who are required for setting up tertiary to quaternary care hospitals and institutions for medical education will find it more attractive to come to UAE in view of the long-term prospects. Many of them consider it difficult to relocate for short-term opportunities due to disruption of their professional work as well as their children’s education. These issues will be addressed if they can get an assurance of long-term employment. I firmly believe that the steps adopted by the visionary leaders of UAE in business ownership and long-term residency will help the health care sector positively.”
Dr Majid Shurrab, medical director at Al Tadawi Medical Centre, said: “The Cabinet decision granting 10-year residency visa will play major role in improving the UAE environment and will also make people feel happy to work in the UAE. By giving this privilege, it will attract doctors, pharmacists and engineers to come here and this in return will create a high standard community. This will make health professionals feel secure because they don’t have to worry about their visa for 10 years. They will be able to open their clinics, buy their houses, and bring their families. It will make them feel like they are home.”