The introduction of a one-year residency permit for remote workers in the UAE will help attract more talent to the region and boost business opportunities, experts said.
On Sunday, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, announced that overseas remote working professionals could live in the Emirates while continuing to serve their employers in their home country.
Bernard Lee, chief executive of GlassQube Coworking, a workspace operator that has four locations in Abu Dhabi, said the visa was extremely attractive for international corporations and small and medium-sized enterprises.
"Essentially it could lower the cost of setting up teams and a large office base here," Mr Lee said.
“Instead, companies could send in exploratory teams, even one or two employees, that are fully protected as domestic residents.
“By doing that they have a chance to really see what the business landscape has to offer them without investing large sums of money upfront.”
For it to be truly attractive, Mr Lee said the cost of the visa would have to be “materially less than setting up a branch LLC” in the country.
“It will be interesting to find out what the costs are, once more details come out,” he said.
Murtaza Khan, managing partner for the Middle East and Africa at Fragomen, an immigration consultancy, said the move caters to people whose nature of work allows them to adopt the “work from anywhere model” that has become more prevalent in the Covid-19 age.
“This provides a legal way for foreign nationals to live and work in the UAE, but where their actual job or place of work in the true sense is outside of the UAE,” he said.
He said a remote working programme launched in Dubai in October had already proven successful.
“The scheme has already helped attract many remote workers to Dubai, not only by providing this pathway for a visa, but by the overall proposition of the UAE as a destination, in terms of the quality of life and high-quality infrastructure.”
He said the time zone for people coming from western Europe made it manageable for remote working, and in recent months, his consultancy has seen interest from North America too.
“This will have a knock-on impact on the economy in terms of the spend of foreign nationals residing in the UAE," he said.
"But more importantly it attracts the talent, and often those in the generation belonging to the gig economy – specifically technology."
As this influx of talent arrives in the country, Mr Khan said they are able to further connect with the industry and possibly explore opportunities available to them, such as establishing a main office.
In a tweet on Sunday, Sheikh Mohammed wrote that the UAE's development is continuous and change will not stop.
"Our teams continue day and night to consolidate our international economic and political position and establish a quality of life that is the best in the world for our people and all those residing here," he said.
Louise Vine, managing director of Inspire Selection, a recruitment firm, said the availability of a residency visa for remote workers opens doors for companies based overseas who want a presence in the UAE.
“[They can explore opportunities] without having to get a full trade licence, office space and workforce,” she said.
“It will, therefore, increase the number of opportunities to candidates and consumers, giving them more choice.
“Sales managers or key account managers are likely to be employees to take advantage of this new visa.”
If a company has historically had an office here but had to close during the pandemic, Ms Vine said the new Cabinet decision meant they could still do some business locally.
“Rather than shutting the door on doing any business face to face in the UAE, companies could now allow the opportunity for one or two key workers to remain in the country, legally,” she said.
“Whereas previously, someone may have either visited from overseas on a renewable tourist visa, they can now avail the benefits of being a resident.”
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SPECS
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The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
Copa del Rey
Semi-final, first leg
Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')
Second leg, February 27
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Fight card
1. Featherweight 66kg: Ben Lucas (AUS) v Ibrahim Kendil (EGY)
2. Lightweight 70kg: Mohammed Kareem Aljnan (SYR) v Alphonse Besala (CMR)
3. Welterweight 77kg:Marcos Costa (BRA) v Abdelhakim Wahid (MAR)
4. Lightweight 70kg: Omar Ramadan (EGY) v Abdimitalipov Atabek (KGZ)
5. Featherweight 66kg: Ahmed Al Darmaki (UAE) v Kagimu Kigga (UGA)
6. Catchweight 85kg: Ibrahim El Sawi (EGY) v Iuri Fraga (BRA)
7. Featherweight 66kg: Yousef Al Husani (UAE) v Mohamed Allam (EGY)
8. Catchweight 73kg: Mostafa Radi (PAL) v Ahmed Abdelraouf of Egypt (EGY)
9. Featherweight 66kg: Jaures Dea (CMR) v Andre Pinheiro (BRA)
10. Catchweight 90kg: Tarek Suleiman (SYR) v Juscelino Ferreira (BRA)
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
MWTC
Tickets start from Dh100 for adults and are now on sale at www.ticketmaster.ae and Virgin Megastores across the UAE. Three-day and travel packages are also available at 20 per cent discount.
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
The specs: 2018 Jaguar F-Type Convertible
Price, base / as tested: Dh283,080 / Dh318,465
Engine: 2.0-litre inline four-cylinder
Transmission: Eight-speed automatic
Power: 295hp @ 5,500rpm
Torque: 400Nm @ 1,500rpm
Fuel economy, combined: 7.2L / 100km
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
RESULTS
6.30pm: Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Winner: Brraq, Adrie de Vries (jockey), Jean-Claude Pecout (trainer)
7.05pm: Handicap (TB) Dh102,500 (D) 1,200m
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7.40pm: Handicap (TB) Dh105,000 (Turf) 1,800m
Winner: Eqtiraan, Connor Beasley, Ali Rashid Al Raihe.
8.15pm: UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
Winner: Soft Whisper, Pat Cosgrave, Saeed bin Suroor.
9.50pm: Handicap (TB) Dh105,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer.
9.25pm: Handicap (TB) Dh95,000 (T) 1,000m
Winner: Etisalat, Sando Paiva, Ali Rashid Al Raihe
%3Cp%3EThe%20Department%20of%20Culture%20and%20Tourism%20-%20Abu%20Dhabi%E2%80%99s%20Arabic%20Language%20Centre%20will%20mark%20International%20Women%E2%80%99s%20Day%20at%20the%20Bologna%20Children's%20Book%20Fair%20with%20the%20Abu%20Dhabi%20Translation%20Conference.%20Prolific%20Emirati%20author%20Noora%20Al%20Shammari%2C%20who%20has%20written%20eight%20books%20that%20%20feature%20in%20the%20Ministry%20of%20Education's%20curriculum%2C%20will%20appear%20in%20a%20session%20on%20Wednesday%20to%20discuss%20the%20challenges%20women%20face%20in%20getting%20their%20works%20translated.%3C%2Fp%3E%0A
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
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