UAE to attract best global minds

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UAE to attract best global minds
Sheikh Mohammed chairs the Cabinet meeting at the Presidential Palace, Abu Dhabi, on Sunday.

Abu Dhabi - Cabinet approves talent acquisition visa to boost tourism, health, education sectors

By WAM

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Published: Sun 5 Feb 2017, 9:10 PM

Last updated: Sun 5 Feb 2017, 11:18 PM

An integrated entry visa scheme that will attract "qualified and highly talented professionals" to the UAE has been approved by the UAE Cabinet. The implementation of the new system will be carried out over a number of phases.
The approval came as the UAE Cabinet - presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai - met on Sunday at the Presidential Palace.
The first phase of the system includes tourism, health and educational visas. The second phase will include talent acquisition in health, scientific research, technical and cultural fields.
Sheikh Mohammed called for establishing specialised committees to prioritise the sectors that will benefit from the talent acquisition visa, and to put forward a plan to attract regional and global exceptional talents.
The visa scheme provides additional support to vital sectors in the UAE such as tourism, health and education by strengthening their business areas and promotes global competitive edge. Lifestyle, practical policies for financing, and infrastructure are major advantages to attract talents and multinational companies to operate in the UAE.
After the meeting, Sheikh Mohammed tweeted that the scheme will focus on attracting people with exceptional minds and talents.
"The UAE is the land of opportunities. It is the best environment to fulfil human dreams, unleash their potentialities and talents," he tweeted. "The wealth of the future is human minds, thoughts and innovations. Digging out those fortunes will add to our economy, future and true wealth."
The cabinet meeting was attended by Lt.-General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
New visa explained
> Lt.-General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, launched the new visa system on Tuesday.
> It is centred on the re-launch of an entry visa programme for tourism, education, medicine, and talented foreign workers by categorising them into
various groups with specific limits and privileges.
> It will keep records of legal violations of entry regulations.
> Standards for categorisation will be introduced for granting specific privileges.
> The facilities will be categorised by a smart system divided into Platinum, Green, Yellow and Red, as well as grades that average between A+ to E.
Major Cabinet decisions
> Standards guidebooks: The Cabinet approved the accountancy standards guidebook, and the standard financial policies and procedures guidebook for the federal government. These are based on eligibility suggested by the Ministry of Finance in line with adopting international standards for managing the financial resources and enhancing transparency.
> Marriage grants: The Cabinet approved a proposal presented by the Ministry of Community Development to issue a legislation with the terms, conditions, and standards of the marriage financial grant. As per the proposal, the grant would be released in one payment to help Emiratis bear marriage expenses. The law will also raise the maximum amount of the grant from Dh20,000 to Dh25,000.
> International affairs: The Cabinet approved the establishment of UAE embassies in capitals around the world. It also endorsed a number of international agreements in line with the UAE's efforts to enhance its international position and support amicable relations with other states around the world.


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