In the same context, the Cabinet adopted a decision to grant people overstaying their visa a chance to leave the country voluntarily without a “no entry” passport stamp. A new 6-month visa will be introduced for job seekers who overstayed their visa but wish to work in the country. The temporary visa enhances the UAE’s position as a land of opportunities and a destination for talents and professionals.
As for Individuals who entered the UAE illegally, they will have the chance to leave voluntarily with a “no entry” stamp for two years given that they provide a valid return ticket.
Equally, in a step aimed at simplifying the process and easing the financial burden on individuals wishing to adjust or renew their visa, they can now do so for a fee without having to leave and re-enter the country.
In a cabinet meeting today we 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 . pic.twitter.com/4BYNzldJ0S
— HH Sheikh Mohammed (@HHShkMohd) June 13, 2018
On the other hand, the Cabinet adopted a resolution on empowering “People of Determination” and enabling them to access the job market. The resolution provides them with the necessary support to obtain equal employment opportunities in various sectors in line with the Government’s social development programs for all segments of the society.
In the same context, the Cabinet adopted the decision to host the headquarters of the Asian Paralympic Committee in the UAE to serve as a unique sports hub in Asia and to provide training courses and workshops for “People of Determination”.
In the regulatory affairs, the Cabinet approved the amendment of the statutes of the Al Etihad Credit Bureau. It also adopted a draft law on the adoption of the unified final account for the fiscal year 2017, and approved an additional financial plan for the general budget of the Union for the fiscal year 2018.
The Cabinet adopted an agreement between the Government of the UAE and the Government of the Russian Federation on the mutual exemption of visa requirements for citizens of the UAE and the citizens of the Russian Federation, thus opening new horizons for mutual tourism, investment and trade.
The Cabinet also adopted an agreement between the Government of the United Arab Emirates and the International Exhibitions Bureau on the privileges and benefits accorded to official participants in Expo2020.
The Cabinet ratified two agreements on air transport services between the Government of the UAE and the Government The Republic of Guinea, and the Government of the Federation of Saint Kitts and Nevis.
The Cabinet endorsed a number of agreements on the mutual protection of investments between the Government of the UAE and the Government of the Republic of Rwanda, the Government of the Republic of Uganda and the Government of the Republic of Colombia. As well as the endorsement of conventions on the avoidance of double taxation and the prevention of financial evasion in respect of taxes on income and capital with the Government of the Kingdom of Saudi Arabia, the Government of the Republic of Rwanda, and the Government of Turkmenistan.
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