‘Eligible people will be able to go directly to the immigration and get the 10-year visa issued’ Property owners who have a portfolio worth of Dh2 million or more may soon be able to get Golden Visas without having to apply for it. That is according to officials at the UAE’s Federal Authority for Identity Citizenship Customs & Port Security…
Summary of Article by: Muhammad Aamir / Khoder Nashar – WAM Read Full Articles: Here www.trenchlaw.com
DUBAI/PARIS, Feb 23 (Reuters) – The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog’s list of countries at risk of illicit money flows, a win for the nation that could bolster its international standing. The Financial Action Task Force (FATF), a body that groups countries from the United States to China…
UAE residents whose residence visa expired as a result of staying outside the country for more than six months for study, work or treatment, can apply for a permit to enter the UAE. Requirements to apply for the entry permit. To apply for a permit to enter the UAE by a resident staying outside the UAE for over 6 months,…
The owner can apply for the 10-year residency regardless of the amount paid upfront, an executive explained Property buyers in Dubai are no longer required to make a minimum down payment of Dh1 million to be eligible for the Golden Visa, as the government has eased the criteria for real estate investors. If the property’s value exceeds Dh2 million, owners…
Up to Dh200,000 fine for violating provisions of the law that went into effect recently; expert explains the new rules Employers in the UAE cannot make decisions about hiring, terminating or restricting job opportunities for residents over a mental health condition, as per a new law passed recently. “Instead, any decision regarding employment must be based on a report from a specialised…
More than 20,000 companies across 14 economic sectors will have to comply with directive. Dubai: The Ministry of Human Resources and Emiratisation (MoHRE) has started implementing the Cabinet decision to expand the scope of companies subject to Emiratisation targets, where more than 12,000 companies with 20-49 employees, operating across 14 specific economic sectors, are now required to hire at least…
Unified registry aims to double sector’s contribution to the nation’s GDP The UAE, the second-largest hub in the Middle East for family-run businesses after Saudi Arabia, has launched a unified registry for family firms as part of a series of measures aimed at doubling this key sector’s contribution to the nation’s gross domestic product to $320 billion by 2032. The…
Hamdan Bin Mohammed issues resolution encouraging people to adopt eco-friendly lifestyle. Dubai: Single-use plastic bags will be banned in Dubai from January 1, 2024, according to a new resolution issued on Sunday. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, has issued an Executive Council Resolution No. (124)…
UAE Unveils 10 Economic Principles for Global Leadership: A Blueprint for Sustainable Growth In a bid to position itself as a leading global economic powerhouse, the United Arab Emirates (UAE) has recently unveiled a comprehensive economic roadmap consisting of 10 guiding principles. His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of the UAE and Ruler…
