Experts welcome new UAE visa, labour policies
Experts have welcomed the sweeping new changes to the UAE’s labour and visa regulations.
One of the major policies will see AED 14 billion worth of bank guarantees released back to organisations.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the new legislation at a meeting on Wednesday evening.
Jigar Sagar, Group General Manager at business setup consultancy CREATIVE ZONE, explains why it’s a massive step in the right direction.
Sagar also says replacing bank guarantees for private sector employees with a new insurance scheme will give businesses in the UAE some much-needed breathing space.