The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has made significant and progressive decisions for foreign workers who serve the private sectors with regard to their bank guarantee, insurance and visa provisions.What are the most important decisions made by the UAE Cabinet that you should know?
There is a brand-new insurance scheme which has been introduced by the UAE Cabinet for workers guarantees. Now, the new insurance will be availed at a minimal cost of AED 60/- per employee in a year rather than AED 3,000/- as per existing regulations.
This newly introduced system focusses to successfully reach out to the private sector workers to an extent where they are granted more rights, provisions and facilities. The money value of the insurance policy in the new system is kept at a minimal rate of AED 60/- per employee in a year.
The new insurance for private sector insures a coverage of AED 20,000/- per workers in a year and also covers all sorts of rights as mentioned below:
This newly promoted insurance scheme for private sector works protects the rights of employees and yes, off course reduces the obligations on employers. It will accommodate private sector businesses to retrieve approximately AED 14 billion, which is the amount of current guarantees paid by employers for their employees as bank guarantees. This refund will enable the businesses invest more in the development of their already established business. The newly introduced insurance system will strengthen the ties of doing business in the UAE and shall efficiently give more contribution towards evolution.What are the new visa provisions declared by the UAE Cabinet for transit tourists, residents, and students?
The UAE Cabinet has announced a few of the new visa provisions for transit tourists, residents, students and also for those who have been overstaying in the UAE. The UAE Cabinet has officially agreed to the new legislative provisions with regard to visa which includes a review in the current residency system. The new legislative provision has allowed a two-year extension in the residency period for the dependents of their parents and children upon completion of their university studies.
The UAE Cabinet has also agreed that there will be no entry fees for transit passengers for their first 48 hours on arrival. The transit visa can be extended for around 96 hours for a minimal fee of AED 50/- only. You can avail these transit visas in the express counters at the passport-control areas across all the UAE airports.
UAE is definitely a land of opportunities to showcase ones’ talents and their prospects. The UAE Cabinet has initiated a 6-month visa for job seekers who have overstayed their visa but are still willing to work in UAE.
Aiming on those individuals to ease their financial burden and simplify the process of visa processing, they can now renew their visa without an exit and re-entry in the country.
The UAE Cabinet has also implemented a resolution on entitling "People of Determination" to get jobs across the market region and have them employed. This resolution offers "People of Determination" with the much-needed sustenance to gain an equal employment opportunity in many sectors also in conjunction with the UAE Government's social development programs for all sections of the society.What are the new regulations for people overstaying their visa in the UAE?
For those people who are overstaying their visa, the UAE Cabinet has granted a chance to leave the county on voluntary basis without a “no entry” passport stamp. Also, for those individuals who have entered UAE illegally will be getting a change to leave with a “no entry” stamp for two years provided they show their valid return ticket. To sum up it can be briefed as below:
Emirates Chartered Accountants Group is one the leading consultancy firm in the UAE having it branches in all the seven Emirate, built with promising visions and professionals in the services we provide.