uae cabinet approves new rule for retired expats
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE Cabinet approves new rule for retired expats

Arab Today, arab today

Arab Today, arab today UAE Cabinet approves new rule for retired expats

The UAE Cabinet.
Abu Dhabi - Arab Today

The UAE Cabinet on Sunday approved a series of plans, including one that allows expatriates to stay on in the country long after they retire.

The Cabinet, chaired by His Highness Shaikh Mohammed Bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has also adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large-, medium- and small-sized factories.

"We launched today an initiative to support the industry sector and to affirm UAE's position on the global map as an attractive investment destination that provides an integrated environment for growth and sustainability," said Shaikh Mohammed Bin Rashid.
Green economy

"We are investing in a sustainable industrial sector through the collaboration between different government entities, and our goal is to be a successful model for the green economy to preserve our environment for future generations," he added.

The initiative introduced a reduced tariff for electricity consumption for the industrial sector, to be in effect as of thr fourth quarter of the year, while achieving sustainable growth by reducing dependence on non-environmentally friendly sources such as liquid fuels.

Large factories will be supported by reducing the electricity consumption charges by 29 per cent, while the small- and medium-sized factories will have reduced fees by 10 per cent to 22 per cent, in addition to waiving the service connection fees for new factories.

Quick justice

The Cabinet also approved the launch of the "one-day court" system to provide the fastest and most efficient services to the community. The "one-day court" will contribute to speeding up the ruling in minor criminal offenses.

The initiative also affirms that the UAE is a state of institutions and law, possessing a distinguished judicial system that is based on modern mechanisms and systems.
Are you eligible for a long-term visa?

The UAE Cabinet approved a law to provide special residency-visa privileges for expats retirees over the age of fifty-five years for a period of five years, with the possibility of renewal, for those who meet certain criteria.

The law, which will be in effect as of 2019, outlines the requirements to qualify for the long-term visa such as having an investment in a property worth Dh2 million, or having financial savings of no less than Dh1 million, or having an active income of no less than Dh20,000 per month.

As part of the government's keenness to develop the human competencies across the federal government and to optimise human resources, the UAE Cabinet has approved the project of Succession Planning and Talents Pool in the federal government. The project aims to ensure that the Emirati manpower is equipped with the necessary tools to assume leadership and specialised positions.

The Cabinet adopted the unified national standards for public and private hospitals, which is in line with the UAE Vision 2021, to improve the level of services provided in the UAE in accordance to best standards and best international practices.
Raising the bar

The new unified standards provide guidelines for healthcare professionals and hospital design, as well as other standards for medicines, patients' rights, and patients' families.

It also approved a resolution on the control and stamping requirements for trading in precious stones and precious metals to establish the necessary regulatory framework while preserving the high reputation of the UAE and increase its attractiveness to investments in this field.

The Cabinet approved an agreement between the UAE and the Government of the Russian Federation on the mutual exemption of visa requirements for citizens of both countries, and approved an agreement between the UAE and the Government of the Republic of Gabon regarding the establishment of an embassy to the Republic of Zimbabwe in Harare.

The Cabinet approved the signing of an agreement between the UAE and the Government of the Republic of Cyprus on economic and technical cooperation, as well as a number of other agreements.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae cabinet approves new rule for retired expats uae cabinet approves new rule for retired expats

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae cabinet approves new rule for retired expats uae cabinet approves new rule for retired expats

 



GMT 15:16 2017 Sunday ,08 October

Iran main sponsor of global terrorism

GMT 16:58 2017 Saturday ,25 November

HRH Crown Prince visits the Louvre Abu Dhabi

GMT 01:16 2017 Thursday ,08 June

IS bombings in southern Yemen kill 18 : Medics

GMT 17:08 2017 Saturday ,30 September

In schools, Catalans rally to protect the referendum

GMT 21:28 2018 Tuesday ,16 October

King Hamad bin Isa receives new ambassadors

GMT 09:11 2018 Saturday ,06 January

Erdogan says US verdict part of 'plots' against Turkey

GMT 21:32 2011 Wednesday ,20 April

Portugal pays high rates to borrow 1 bn euros

GMT 11:39 2017 Monday ,17 April

ACI Asia Pacific Regional Event Comes to an End

GMT 08:16 2017 Wednesday ,10 May

Donald Trump fires FBI director James Comey

GMT 12:26 2017 Sunday ,10 December

Pacers halt Cavs win streak, Durant rises again

GMT 19:01 2017 Thursday ,03 August

Tillerson sends senior envoys

GMT 21:34 2016 Saturday ,12 November

Djokovic: I'm still motivated to be world's best

GMT 19:57 2017 Tuesday ,08 August

Netflix acquires comic book creator Millarworld

GMT 00:50 2017 Wednesday ,15 November

Insurance hike expected for high-rises

GMT 12:28 2017 Saturday ,18 November

Sharjah Crown Prince adopts 10 mobile libraries

GMT 02:54 2016 Monday ,12 December

Parliament condemns Boutrosiya Church attack

GMT 10:36 2017 Tuesday ,05 September

Menna starts filming “Forbidden Love” soon
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday