UAE adopts new laws for residents and visitors UAE adopts new laws for residents and visitors
Written by  Jun 14, 2018 - 143 Views

UAE adopts new laws for residents and visitors

The UAE Cabinet chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted a number of strategic decisions to consolidate the competitiveness of the business environment in the country, including the abolition of the mandatory bank guarantee for the recruitment of workers, AED Bank guarantees for the business sector.

According to the UAE news agency, the new system will allow the facilities to recover approximately 14 billion dirhams representing the value of current guarantees paid by employers, which will enable them to invest these amounts in an optimal development of their business, according to Sky News.

With regard to residency procedures for visitors and residents on state land, the Council of Ministers adopted a system of granting temporary residence without charge for 6 months for violators seeking work, in addition to exempting tourists from all fees for the first 48 hours.

The Board also approved allowing graduates and students to extend residence for two years after graduation to study their future options.

The Council of Ministers has approved a new legislative package that includes legislation to review the current residency system; to extend the residency period for their dependents after completing their university studies for two years, thus facilitating their students and their families.

In the same context, the Council of Ministers, including the facilitation package, adopted a decision to grant the violators the voluntary leave period, to amend the residency status without stamping the passport by denying future visits, and not to leave the country;هو

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