UAE endorses system to attract qualified and highly talented professionals

WAM -- The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, approved an integrated entry visa scheme to attract qualified and highly talented professionals to UAE.

The implementation of the new system will be carried out over a number of phases. The first phase includes tourism, health and educational visas. The second phase will include talents acquisition in health, scientific, research, technical and cultural fields.

His Highness Sheikh Mohammed bin Rashid Al Maktoum called for establishing specialised committees to prioritise the sectors that will benefit from the talent acquisition visa, and to put forward a plan to attract regional and global exceptional talents.

The newly introduced visa scheme provides additional support to vital sectors in UAE such as tourism, health, and education by strengthening their business areas and promotes global competitive edge. Lifestyle, practical policies for financing, and infrastructure are major advantages to attract talents and multinational companies to operate in UAE.

The Cabinet also approved the accountancy standards guidebook, and the standard financial policies and procedures guidebook for the Federal government based on eligibility suggested by the Ministry of Finance in line with adopting international standards for managing the financial resources of the Federal government, and enhancing transparency through policies alignment and strengthening the efficiency of the financial practices and legislations.

The Cabinet also approved during its meeting a proposal presented by the Ministry of Community Development to issue a legislation with the terms, conditions, and standards of the marriage financial grant so that it would include releasing the marriage grant in one payment as per the law in order to help Emirati citizens bear the marriage expenses. The law would also raise the maximum amount of the grant from AED 20.000 to AED 25.000.

The law states that certain categories would be exempted from some of the terms and conditions such as people with disabilities, and applicants who are proven to be supporting their families with their salaries because the father is either dead, or incapable to support his family.

In terms of international affairs, the Cabinet approved the establishment of UAE embassies in capitals around the world, and endorsed a number of international agreements in line with the UAE efforts to enhance its international position and support amicable relations with other states around the world.

The UAE Cabinet held its meeting at the Presidential Palace and was attended by attended by H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

WAM/tfaham