{"id":2053,"date":"2018-06-13T22:45:01","date_gmt":"2018-06-13T18:45:01","guid":{"rendered":"http:\/\/www.uaebarq.ae\/en\/?p=2053"},"modified":"2018-06-13T22:45:01","modified_gmt":"2018-06-13T18:45:01","slug":"mohammed-bin-rashid-announces-decisions-attracting-investors-and-tourists","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2018\/06\/13\/mohammed-bin-rashid-announces-decisions-attracting-investors-and-tourists\/","title":{"rendered":"Mohammed bin Rashid announces decisions attracting investors and tourists"},"content":{"rendered":"

The UAE is among the ten most competitive countries in the world and our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness. A strong economy drives us as a nation to be among the first and best.<\/p>\n

In a cabinet meeting today , His Highness Sheikh\u00a0Mohammed bin Rashid<\/em>\u00a0Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai approved reforms including replacing the bank guarantee system for private sector employees, with a low-cost insurance scheme. This will release AED 14 billion back to the private sector companies and will further lower the cost of doing business.<\/p>\n

 <\/p>\n

<\/p>\n

The decisions include the following:<\/p>\n

1- A new system in place to replace the bank guarantees required for private sector employees’ visa.<\/p>\n

2-Release the current bank guarantees totaling AED 14 billion back to private sector companies.<\/p>\n

3- Implement a new insurance system for private sector employees valued at AED 60 per year to replace the AED 3000 bank guarantee per employee.<\/p>\n

4-Facilitate the process for job seekers in the UAE and grant a 6 month temporary visa without fees.<\/p>\n

5-Exempt transit tourists from entry visa fees for the first 48 hours of their stay.<\/p>\n

6-Grant a two year visa for talented and outstanding students.<\/p>\n

7-Allow visa status adjustment without having to leave and enter the country.<\/p>\n

8-Facilitate the voluntary departure for people overstaying their visa without incurring a ban.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE is among the ten most competitive countries in the world and our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness. A strong economy drives us as a nation to be among the first and best. In a cabinet meeting today …<\/p>\n","protected":false},"author":2,"featured_media":2054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2053","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/2053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=2053"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/2053\/revisions"}],"predecessor-version":[{"id":2056,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/2053\/revisions\/2056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/2054"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=2053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=2053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=2053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}