Tuesday, May 22, 2018

UAE announces visa reforms to lure investors, boost economy

 Arab Times

ABU DHABI: The United Arab Emirates has announced plans to allow 100 percent ownership and visa incentives to foreigners, in a bid to attract investors to boost its slowing national economy. The decision, taken by the UAE cabinet Sunday night, aims to lure “international investments and exceptional talent”, according to Dubai ruler Sheikh Mohammed Bin Rashed Al-Maktoum. 


Meanwhile, in Kuwait...


Omar said...

The mentality of the government and people in Kuwait is not to welcome foreigners, it will not change!

Desert Girl said...

I remember in 1990- approximately 1996 when they were welcome to foreigners... but things have changed a lot. Sometimes you forget your friends (and then they get pissed off and forget you when you need them).

Jon Son said...

Once foreigners in the UAE get better residence security and can own their own property and businesses I'd expect that the next step would be to introduce taxation. Seems like a fair way to do it. If Kuwaitis feel crowded out in their own country by expats they need to do something similar. Merely trying to limit expat presence and access to government-funded facilities and opportunities is hardly supportive of economic growth.