uae cabinet approves new rule for retired expats
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
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

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 18:35 2018 Friday ,14 December

Can Armenia break the ice with Turkey?

GMT 21:25 2018 Thursday ,13 December

PM limps on with UK still in Brexit gridlock

GMT 14:26 2018 Wednesday ,12 December

Canada standing on the wrong side of history

GMT 15:39 2018 Friday ,14 December

Electricity minister receives MANTECH delegation

GMT 04:15 2018 Tuesday ,23 January

Kurds invited to join Syria peace

GMT 05:35 2016 Thursday ,22 September

Chicago agricultural commodities settle mixed

GMT 10:52 2015 Wednesday ,25 March

Sheikha Manal to host Art Exhibition

GMT 10:24 2018 Monday ,08 January

Trump marijuana policy reversal stokes fears

GMT 23:53 2016 Wednesday ,09 November

Iraqi investigators examine mass grave site near Mosul

GMT 12:01 2017 Tuesday ,21 February

Sri Lankan 'Eddie the Eagle' takes snowboarding plunge

GMT 14:31 2017 Friday ,21 April

Some Egyptian dramas are out of Ramadan season

GMT 13:47 2016 Tuesday ,19 January

Oman closes border crossings with Yemen
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday