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Major Change in U.A.E : the introduction of the Unemployment Insurance.

19 May 2022

It will be open to all workers regardless of nationality - according to Abdulrahman Al Awar, Minister for Human Resources and Emiratisation [..]

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What is the UAE Golden Visa and How Does It Work?

5 April 2022

Since the United Arab Emirates introduced its Golden Visa, many foreigners have applied to live and work in the UAE. If you’re interested in taking advantage of this scheme, understand that it comes with some strict application criteria which may make acceptance difficult. [..]

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New Foreign Ownership Law: Landmark boost for UAE Competitiveness

17 June 2021

But what are the ins and outs of the new law?

SFM Corporate Services Dubai, digs into what the law means for investors and how the law will shape the UAE's future.

‘This month marks the start of a new era for the United Arab Emirates. From now on, foreign investors of any nationality will be allowed to own 100 percent of the shares of a mainland company. They will be able to establish their company anywhere in the UAE, without the need for a local partner to hold 51 percent of its shares. There will be just a few exceptions to the rule, in areas deemed of strategic national interest. Sectors that could be major beneficiaries of the rule change include contracting; vehicle, food, chemicals, electronics and textile trading; and food, garment, construction materials, cosmetics, electronics and equipment manufacturing and production.’

Read the full article here (https://www.arabianbusiness.com/comment/464617-new-foreign-ownership-law-landmark-boost-for-uae-competitiveness)

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