100% ownership for investors, 10-year residence for investors, professionals as well as families, plus top students
ABU DHABI: To farther boost the UAE’s seat equally a primary finish for international investors and top talent from around the world, the Cabinet on Lord's Day has adopted a novel organisation of entry visas for investors as well as professionals — providing them amongst a long-term visa for upwards to 10 years.
The decision, made during a Cabinet coming together chaired yesteryear His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President as well as Prime Minister of the UAE as well as Ruler of Dubai, farther reinforces the UAE’s seat equally a primary finish for international investors as well as global talent.
The motility was initially announced inward a tweet sent out from the official Twitter handgrip of Shaikh Mohammad.
The novel dominion was approved yesteryear at the Cabinet coming together chaired yesteryear Shaikh Mohammad at the Presidential Place inward Abu Dhabi on Sunday. Lt. General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister as well as Minister of Interior, as well as Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister as well as Minister of Presidential Affairs, were equally good present.
.@HHShkMohd chairs #UAE Cabinet coming together & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for upwards to 10 years for investors & professionals (doctors, engineers, etc.) as well as their families inward add-on to degree ‘A’ students.
Residency organisation amended
"The UAE volition rest a global incubator for special talents as well as a permanent finish for international investors. Our opened upwards environment, tolerant values, infrastructure as well as flexible legislation are the best innovation to attract global investment as well as special talents to the UAE," stated Shaikh Mohammad.
He equally good directed the Ministry of Economy, inward coordination amongst the concerned parties, to implement the resolution as well as follow upwards on its developments, as well as to submit a detailed study inward the tertiary quarter of this year.
New visa system
The novel visa organisation volition increment the chances of attracting investors as well as competencies to the UAE as well as thus, further boost the country's economical competitiveness globally.
The global investors' ownership of UAE-based businesses is expected to achieve 100% yesteryear the halt of the year.
.@HHShkMohd chairs #UAE Cabinet coming together & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for upwards to 10 years for investors & professionals (doctors, engineers, etc.) as well as their families inward add-on to degree ‘A’ students. pic.twitter.com/KNLtHhPNdd
.@HHShkMohd orders concerned Gov’t entities to implement decisions earlier the halt of 2018. His Highness equally good orders extension of residency for students sponsored yesteryear their parents afterwards completion of their graduate studies to allow for ample fourth dimension to create upwards one's hear on career paths. #UAE pic.twitter.com/9mZJCjiggW
10-year residence visas
The organisation volition grant investors as well as talents upwards to 10-year residency visas for specialists inward medical, scientific, inquiry as well as technical fields, equally good equally for all scientists as well as innovators.
It equally good grants five-year residency visas for students studying inward the UAE, as well as 10-year visas for special students.
The Cabinet equally good issued instructions to comport a review of the residency organisation amongst a consider to extending residency permits for those sponsored yesteryear their parents afterwards completing their academy studies to facilitate their time to come residence inward the UAE.
Sign linguistic communication lexicon adopted
Meanwhile, the Cabinet adopted inward its Lord's Day session the UAE Sign Language Dictionary, the get-go UAE-language reference lexicon for the UAE dialect, as well as a unified reference linguistic communication for people amongst hearing disabilities inward the UAE.
The Emirati Sign Language Dictionary is inward delineate amongst UAE Vision 2021 as well as the National Agenda inward maintaining a cohesive guild as well as promoting an inclusive environs that integrates all segments of guild patch preserving the UAE's unique civilization as well as heritage.
The guide volition facilitate the telephone substitution of cognition betwixt the members of guild as well as those amongst hearing disabilities as well as harmony amid them, as well as promote the linguistic identity of the deaf community inward the solid reason as well as increment their pride inward their homeland as well as their ain language, derived from the local dialect.
Resolutions
The UAE Cabinet equally good adopted a resolution on the Hajj as well as Umrah system, which aims to develop the regulations as well as procedures inward delineate amongst the approved electronic pathway programme for pilgrims inward Saudi Arabia, which includes Hajj permits as well as permit-granting regulations.
The Cabinet equally good adopted the Federal Law on Medical Assistance inward Reproduction, which comes equally a renewal of the electrical current police inward the same field.
The novel police expands its provisions to include novel regulations inward licensing medical centers.
School calendar for 2018-2021
On the other hand, the Cabinet adopted the schoolhouse calendar for the adjacent 3 years (2018-2021) for all levels of pedagogy inward monastic tell to render all parties involved inward the educational physical care for amongst a clear as well as accurate consider of the schoolhouse calendar.
Emirates Diplomatic Academy
The Cabinet equally good 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 as well as International Cooperation as well as Chairman of the Board of Trustees.
The Board of Trustees equally good 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 equally good equally Abdelnasser Jamal Al Shaali from the Ministry of Foreign Affairs as well as International Cooperation.
Foreign Humanitarian Assistance
The Cabinet equally good approved the re-formation of the UAE Committee for the Coordination of Foreign Humanitarian Assistance headed yesteryear Reem Al Hashemi, Minister of State for International Cooperation, to coordinate as well as organize the UAE's humanitarian response to all international humanitarian crises as well as situations.
The commission includes representatives of the armed forces, UAE Red Crescent Authority, Khalifa Bin Zayed Al Nahyan Humanitarian Foundation, Mohammad Bin Rashid Al Maktoum Charitable as well as Humanitarian Foundation, Dubai Cares Foundation, as well as the World Humanitarian City.
The Cabinet equally good adopted the institution of a UAE Embassy inward Cote d'Ivoire inward Abidjan as well as the institution of a UAE Consulate General inward Zanzibar inward the Republic of Tanzania.
The Cabinet equally good approved an understanding betwixt the Government of the Republic of Moldova on economical as well as technical cooperation, an understanding amongst the Government of Turkmenistan on cultural cooperation as well as the adoption of UAE’s contribution to the Eleventh Replenishment of the International Fund for Agricultural Development (IFAD) for the menstruum 2019-2021.
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