News Archive 2017 | Page 8 of 12

A residence permit in the United Arab Emirates (Dubai and other Emirates) is an official immigration status that grants a foreign national the right to long-term residence in the UAE, as well as access to a number of rights and benefits, including opening bank accounts, obtaining an Emirates ID, renting and purchasing real estate, and sponsoring visas for family members. Depending on the legal basis and visa category, UAE residence visas are issued for periods ranging from 1 to 10 years, with the option to renew...

Free economic zones (FEZs) in the UAE are special jurisdictions created to stimulate international trade, investment, and entrepreneurial activity. Free zones have become a key instrument in the country’s economic development and an essential part of its economic diversification strategy...

The presence of a registered agent is a mandatory requirement for the existence of an offshore company registered with RAK ICC (Ras Al Khaimah International Corporate Centre) in the Emirate of Ras Al Khaimah, UAE. The initial registered agent is appointed at the stage of company incorporation...

For many years, the UAE government and the authorities of the Emirate of Dubai have pursued a consistent and systematic policy aimed at the sustainable development of the economy and the commercial real estate market. A distinctive feature of this policy is its comprehensive nature, covering the development of all key segments – from infrastructure and logistics to high-tech clusters and the business environment...

2017 is apparently going to become a very promising year for Dubai. About two thirds of enterprises will hire additional employees...