United Arab Emirates (UAE) has long been an attractive destination for foreign investors due to its strategic location, business-friendly policies, and stable political environment. In recent years, the government has been actively working to attract even more foreign investment by implementing new policies and initiatives. In September 2021, UAE government announced a series of new policies aimed at further boosting foreign investment in the country. See over here to watch latest UAE news.
New policies:
One of the key policies announced by the UAE government is the introduction of a 10-year residency visa for investors and entrepreneurs. This new visa will allow foreign investors to stay in the country for a longer period, giving them more time to establish and grow their businesses. The visa will also be renewable, providing even greater stability for investors and entrepreneurs.
Another policy announced by the UAE government is the establishment of a new investment office, which will be tasked with attracting and facilitating foreign investment in the country. The investment office will work closely with local and international investors to identify investment opportunities and provide them with the necessary support to establish and grow their businesses in the UAE.
In addition to these policies, UAE government has also announced several initiatives aimed at enhancing the country’s business environment. These initiatives include the simplification of business procedures and the reduction of bureaucratic hurdles. The government has also committed to investing in key sectors such as technology, healthcare, and renewable energy to attract more foreign investment.
Benefits for foreign investors:
UAE’s new policies and initiatives are expected to have a significant impact on foreign investors looking to invest in the country. The introduction of the 10-year residency visa is particularly attractive as it provides investors with greater stability and a longer-term perspective. This will be particularly beneficial for those looking to establish and grow their businesses in the country.
The establishment of the investment office is also a positive step, as it will provide foreign investors with a single point of contact for investment opportunities in the UAE. This will help to streamline the investment process and make it easier for investors to identify and take advantage of opportunities in the country.