Tuesday, 22 May 2018

Why the U.A.E. Is Changing Visa and Ownership Rules for Expats - Bloomberg

Why the U.A.E. Is Changing Visa and Ownership Rules for Expats - Bloomberg:

"The United Arab Emirates is easing rules on the foreign ownership of companies as the country seeks to attract investment and boost an economy battered by lower oil prices. Under the new rules, non-Emiratis will be able to control a company outright, and specialists in medical, scientific, research and technical fields as well as top students will be able to get a residency of up to 10 years. Officials hope that the moves will attract new businesses to the country, driving future growth, and giving a much-needed boost to its real-estate market. Still, many questions remain about how exactly the new laws will work and the benefits they will bring. Here we try to answer some:"



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