In the efforts to attract qualified professionals to the UAE, the Cabinet has approved the new visa entry system. The Cabinet confirmed that this will be implemented in different stages, according to His Highness Sheikh Mohammed bin Rashid, Vice President, Prime Minister, and Ruler of Dubai. [expander_maker more=”Read more” less=”Read less”]
Hunting for Regional and Global Talent
In the initial phase, the new visa system will be seeking to admit qualified and talented professionals in science, medicine and research among others. As such the tourism, health and education visas will enjoy this policy. There are special committees that have been put in place to ensure that the various fields get the right prioritization and also attract the regional and global professionals. The main benefit of this new system is that the profession expat is getting residency permit to live in the UAE. They will enjoy the diverse lifestyle, practical financial solutions and the modern infrastructure.
According to the statement from HH Sheikh Mohammed, he described the UAE as a land of great opportunities. He said, “We aim to provide a tolerant environment that can nurture potential and support outstanding talent.” He also emphasized that the future prosperity of the country will depend on the on the talented individuals and investing in such minds means well for the country’s success and economic progress.
The UAE is a country of vast opportunity; we aim to provide a tolerant environment that can nurture potential and support outstanding talent
— HH Sheikh Mohammed (@HHShkMohd) February 5, 2017
International Financial Policies
In addition to the new visa system, the Cabinet also approved and embraced thee guidebooks on accounting standards. These are the international financial policies and procedures that the government intends to start using. The proposal on the standards, conditions of the marriage grant was also approved. Part of the proposal was to increase the grand from AED 20,000 to AED 25,000.
The Cabinet was on a rollercoaster as it has also permitted the setting up of embassies in the major cities across the globe. They also validated the various international agreements that are in line with the country’s efforts to boost the global economy and enhance diplomacy.