Expats in the UAE will be allowed to stay back in the country for a "longer period of time" after retirement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced.
The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions:
1. The expat should have investment in a property worth Dh2 million, or,
2. Have savings of no less than Dh1 million, or,
3. Have an active income not less than Dh20,000 per month
The Cabinet on Sunday also adopted a resolution to support the industrial sector by introducing reduced fees for electricity consumption for large, medium and small 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," Sheikh Mohammed said.
"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," the Vice-President added.
The activity presented a diminished tax for power utilization for the mechanical division, to be in actuality as of Q4 of this current year, while accomplishing economical development by decreasing reliance on non-ecologically neighborly sources, for example, fluid powers.
Substantial production lines will be upheld by diminishing the power utilization charges by 29 for every penny, while the little and medium industrial facilities will have decreased expenses by 10 for every penny to 22 for each penny, notwithstanding deferring the administration association expenses for new processing plants.
The Cabinet likewise affirmed the dispatch of the "one-day court" framework to give the quickest and most effective administrations to the network. The "one-day court" will add to accelerating the decision in minor criminal offenses. The activity additionally asserts that the UAE is a condition of foundations and law, having a recognized legal framework that depends on present day instruments and frameworks.
The Cabinet received the brought together national models for open and private healing facilities, which is in accordance with the UAE Vision 2021 to enhance the level of administrations gave in the UAE in agreement to best principles and best universal practices. The new bound together measures give rules to social insurance experts and healing facility configuration, and different principles for solutions, patients' rights, and patients' families.
It likewise endorsed a goals on the control and stamping prerequisites for exchanging valuable stones and valuable metals to set up the vital administrative structure while saving the high notoriety of the UAE and increment its engaging quality to interests in this field.
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