Expatriates are welcoming a new change to the sponsorship policy in UAE. A Cabinet Decision No. 30 of 2019 was approved earlier this year and came into effect on Sunday, 14th of July. It covers new policy for UAE residents to sponsor their family members irrespective of their gender, profession and solely based on their […]
New Sponsorship Policy for Family in UAE Read More »
Dubai International Financial Centre (DIFC) has introduced four (4) new licensing categories with reduced fees to attract more firms to do business in DIFC: short-term licenses, restricted licenses, commercial permissions and dual licenses. Under short-term licenses category, retail businesses and other non-financials will be able to operate their businesses from DIFC with flexible rates over
Dubai’s DIFC Introduces License Categories with Reduced Fees Read More »
The General Directorate of Residency and Foreigners Affairs, Dubai (GDRFA) recently shared all the details about its new 10-year residency scheme which can be availed via the gold card. This scheme has been availed by 400 expatriates by far. Below are the details about this new scheme. What is a Gold Card? It is a
Dubai: Indian tourists don’t have to convert the Indian rupee while shopping at Dubai Duty Free airports as the currency is now acceptable at all three terminals of Dubai International Airport and at Al Maktoum Airport. “Yes, we have started accepting the Indian rupee,” a Dubai duty free staff told Gulf News on Wednesday. Nearly
Indian Rupee is Now Accepted at Dubai Aiports Read More »
In continuation to the news released in September and November 2018 on UAE to attract investors and provide 100% business ownership, by providing a positive and negative list of sectors and activities where 100% ownership will and will not be allowed, another historic announcement was made. The UAE Cabinet had already approved the negative list
UAE Offers 100% Ownership in 122 Economic Activities Read More »
The newly enacted Law No. 02 of 2019 compliments the DIFC’s commitment to international best practice, addressing key issues such as paternity leave, sick pay and end-of-service settlements. The new Employment Law, which will come into effect on the 28th of August 2019, clarifies the application of DIFC’s employment regime to employers and employees, including
DIFC Enacts New ‘Employment Law’ Issued by Dubai Ruler Read More »
The new anti-money laundering system platform named ‘goAML’ already went live in May and all financial entities being supervised by the UAE Central Bank have to register on this system by 27th of June 2019, the UAE Central Bank officials announced in Abu Dhabi. The UAE’s Financial Intelligence Unit will use the platform to gather
Anti-Money Laundering Reporting Platform Launched in UAE Read More »
As of Sunday 30th June 2019, the authorized officer at the DIFC Wills Services will no longer act as one of the witnesses at the will signing. The Testator would be responsible for providing two witnesses for their wills. The witness must be at least 21 years of age and must have a valid photo
DIFC Wills Services – New Witness Requirements Read More »
UAE Labour Minister Ali Al Kaabi issued a decision banning outdoor work from June 15 to September 15 during the peak heat period of between 12:30 and 15:00 afternoon. Under the decision in the UAE, companies found to be violating the ban will be fined Dh10,000 and have their status for worker visas downgraded for
Summer Noon Work Ban Begins in UAE Read More »
The UAE currently ranks 11th in the World Bank’s Ease of Doing Business and Dubai’s JAFZA (Jebel Ali Free Zone) has played an important role in this positive rating. This free zone continues to be a leading source of Foreign Direct Investment and accounts for nearly 24 percent of Dubai’s total yearly inflow. In commemoration
Dubai’s JAFZA to Waive Customer Fines Read More »
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