How visa reforms boost UAE economy | ZAWYA MENA Edition:
The UAE is led by a vision to build a knowledge-based economy and this is affirmed by a slew of measures it has undertaken to facilitate entrepreneurs in the country as well as foreign investors. The series of visa reforms initiated by the government will enhance the UAE's attractiveness among expats, encouraging knowledge workers to pursue longer stints in the country. The presence of rich expat talent will persuade foreign companies to enter and operate from the UAE.
Typing centres in Dubai are seeing an unusual rush for investors applying for five- and 10-year visas.
"We have lot of enquiries for five- and 10-year visas, which are being issued from immigration and land departments only. Investors are showing more confidence and they are willing to invest more in the UAE, which will assure surge in the cash flow," Firose Khan, manager of Arabian Business Centre, said.
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