UAE approves new long-term visa for int'l investors, 100% investors' ownership by year end
"The UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. Our open environment, tolerant values, infrastructure and flexible legislation are the best plan to attract global investment and exceptional talents in the UAE," said His Highness Sheikh Mohammed bin Rashid Al Maktoum, WAM reports.
His Highness directed the Ministry of Economy in coordination with the concerned parties to implement the resolution and follow up on its developments, and to submit a detailed study in the third quarter of this year. The new visa system will increase the chances of attracting investors and competencies to the UAE and thus increase the country's economic competitiveness globally. The global investors' ownership is expected to reach 100% by the end of the year. The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators, as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.
The new decision will also review the current residency system to extend the residency time for the dependent students after completing their university studies. This will give them the opportunity to study their practical options in the future.
On the other hand, the Cabinet adopted in its session the UAE Sign Language Dictionary, which is the first UAE-language reference dictionary for the UAE dialect, and a unified reference language people with hearing disabilities in the UAE.
The Emirati Sign Language Dictionary is in line with UAE Vision 2021 and the National Agenda in maintaining a cohesive society and promoting an inclusive environment that integrates all segments of society while preserving the UAE's unique culture and heritage. The guide will facilitate the exchange of knowledge between the members of society and those with hearing disabilities and harmony among them, and promote the linguistic identity of the Deaf community in the country and increase their pride in their homeland and their own language, derived from the local dialect.
The Cabinet adopted a resolution on the Hajj and Umrah system, which aims to develop the regulations and procedures in line with the approved electronic pathway program for pilgrims in Saudi Arabia, which includes Hajj permits and permit-granting regulations.
The Cabinet also adopted the Federal Law on Medical Assistance in Reproduction, which comes as a renewal of the current law in the same field. The new law expands its provisions to include new regulations in licensing medical centers.
On the other hand, the Cabinet adopted the school calendar for the next three years (2018-2021) for all levels of education in order to provide all parties involved in the educational process with a clear and accurate view of the school calendar.
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