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Thursday, 24 March 2016

START YOUR BUSINESS IN UAE WITHIN 24 HOURS

SETUP YOUR BUSINESS IN UAE THROUGH REGISTERED AGENTS Bari & Co Corporate services provider welcomes you to open your new business or branch within the emirates with 100% ownership, Company Registration, Trade License & Visa(s). Bari and their associates deliver and take charge to provide end to end solutions for setting up your business in UAE while you concentrate on your business. Get a free no obligation consultation today! 100% foreign ownership 100% repatriation of capital and profits Zero personal or corporate income taxes Labour recruitiment is extremely easy Shared services and synergies with other companies No bureaucratic red-tapism State of the art infrastructure Company formation documentation Company registration Business plans and feasibility Business legal structures Trade name approval Initial approval from economic department Court Agreement / Notary Typing LLC contract (Arabic & English) Dubai Economic Department Services LC, Commercial, Industrial and Professional license services Chamber of Commerce Certificate Changes in expats Dubai' Dubai residence visa medical test Health card requirement for a medical examination for expats has been cancelled. www.dubaibusinesskey.com Dubai's global endowment initiative: Any company can be part of it.

Thursday, 17 March 2016

New UAE Labour Law

New UAE Labour Law: www.dubaibusinesskey.com No employee consent on labour contract, no visa Employee consent must for UAE work permit A senior official at the UAE’s Ministry of Human Resources and Emiratisation has stated the ministry will not approve any request to obtain a new work permit without a worker’s consent to the job offer. Besides this, the clauses in the work permit must match the clauses of the labour contract that the worker signs upon arrival to the country to obtain a work permit. The new law, which came into force in January this year, includes three main rules governing labour contracts for workers from abroad, terminating contracts between the employers and workers and the issuance of a new work permit to a resident worker. Humaid bin Deemas Al Suwaidi, Assistant Undersecretary for Labour Affairs, noted that professionals and skilled workers must sign the contract while those applying for partially skilled or unskilled workers must have the employee’s thumbprint on the job offer letters. “All permits are based on a transparent relation between employers and workers, following the newly launched decrees by Saqr Ghobash, Minister of Human Resources and Emiratisation earlier this year,” said Al Suwaidi. Employers must provide the job offer and conditions containing a comprehensive description of rights and duties between both parties, he highlighted. The Ministry, he said, has approved 11 languages in which job offers, labour contracts and other conditions may be printed, and that must be handed to workers aside from Arabic and English so that there are no contradictions. “New permits issuance approval shall be granted following the confirmation of the establishment’s commitment towards labour laws, decisions and requirements stipulated in terms of applying for ‘quota’. “The establishment must print job offers that contain a comprehensive description of labour rights and obligations between both parties through Tas’heel service centres. If the establishment was registered in the ministry’s system, then hand in the offers to workers for signature from first, second and third level professions or otherwise require a thumbprint for those occupying fourth and fifth levels,” Al Suwaidi explained. The Ministry of Human Resources and Emiratisation announced yesterday that it has issued more than 252,000 new work permits since the beginning of the current year. According to the employment classification adopted by the Ministry, first category of employment includes specialised occupations, which require a high degree of scientific, technical, and executive skills and a university degree at a minimum. Second category employment includes technical occupations that require the availability of “cognitive, scientific and technical” abilities; practical and supervisory skills with a 2-3 years degree from an institute post high-school. The third category of employment requires practical and technical skills that cover the entire scope of the job, and a high-school degree. The fourth category of employment includes occupations that require the availability of practical and technical skills that cover part of the job and in this category, individuals need to be prepared and trained for two years on average. The fifth category of employment is considered a limited skills category, and includes occupations that require the availability of practical and technical skills related to a small part of the job and can be acquired during training in less than a year. All these rules also apply to workers residing in the country. A signature/thumbprint on the job offer letter is required prior to obtaining a new work permit.

Dubai's DP World

Dubai's DP World annual profit rises 30.7 pct DUBAI, - DP World , one of the world's largest port operators, posted a 30.7 percent rise in annual profit, the company said on Thursday. DP World's 2015 profit attributable to owners of the company was $883 million, it said in a bourse statement. This compares with a profit of $675 million in 2014. DP World's 2015 revenue was $3.97 billion, up from $3.41 billion a year earlier. The company set its 2015 ordinary dividend at $0.30 per share. This compares with the $0.235 dividend paid out for 2014. www.dubaibusinesskey.com

Tuesday, 15 March 2016

www.dubaibusinesskey.com: UAE residence visa, Dubai Residency or PRO service...

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Saturday, 12 March 2016

www.dubaibusinesskey.com: One more Dubai free zone, Dubai World Trade Centre...

One more Dubai free zone, Dubai World Trade Centre converting to a free zone, good news for those interested to having business in Dubai...

Tuesday, 1 March 2016

UAE residence visa, Dubai Residency or PRO services in Dubai and in other Emirates

UAE residence visa

Health insurance card, only after person clears medical test, www.dubaibusinesskey.com

The UAE’s Ministry of Health and Prevention has done away with the requirement of a health card to undertake a medical test for residence visa in the country.

MOHAP cancelled the requirement of issuing a health card for the medical test for Residents, the UAE Ministry of Health and Prevention yesterday tweeted from its official Twitter handle.

This means that those applying for a UAE residence visa need not apply for a medical insurance or health card prior to undertaking a medical test. The insurance/health card will be required only after the person clears the medical test.

According to the Dubai Health Insurance Law No. 11 of 2013, which came into effect on January 1, 2014, all Dubai residents – employees and dependents of sponsors (including domestic workers) – must be covered under at least the basic health insurance coverage by June 30, 2016.

Visitors to the country, however, will continue to require travel health insurance as before. Such insurance is mandatory for anyone applying for a visit or tourist visa. Nationalities who avail of visas on arrival are currently exempt from this regulation.

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