{"id":190109,"date":"2021-03-21T16:11:21","date_gmt":"2021-03-21T16:11:21","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=190109"},"modified":"2021-03-21T16:11:24","modified_gmt":"2021-03-21T16:11:24","slug":"remote-workers","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/remote-workers\/","title":{"rendered":"UAE approves new system to attract remote workers"},"content":{"rendered":"\n

The United Arab Emirates cabinet approved a new system allowing remote workers to reside in the Gulf state while working for employers abroad.<\/p>\n\n\n\n

Remote workers<\/strong><\/h2>\n\n\n\n

Dubai\u2019s ruler and Vice-President of the UAE Sheikh Mohammed bin Rashid Al Maktoum said in a Twitter post on Sunday that a new work visa would cover such professional workers.<\/p>\n\n\n\n

He added the cabinet had also approved a multiple-entry tourist visa for all nationalities.<\/p>\n\n\n\n

\u201cWe are working with clear objectives to boost our economic status globally and provide the best quality of life to our citizens and residents,\u201d he said.<\/p>\n\n\n\n

Residence for foreigners, who make up a majority of the UAE\u2019s 9 million population, had been mainly linked to employment inside the country, with workers sponsoring families.<\/p>\n\n\n\n

Dubai is facing increasing pressure from other business centers including Saudi Arabia, which is pressuring foreign companies to set up regional headquarters in Riyadh.<\/p>\n\n\n\n

Many foreign workers in need to support demand in Dubai’s real estate, service and retail sectors left the country last year after companies ended their jobs.<\/p>\n\n\n\n

Dubai’s real estate market has been revitalized by major property sales in the past few months, as buyers have taken advantage of a decade of low prices, ease of financing and an open economy to operate despite the pandemic.<\/p>\n\n\n\n

Meanwhile, the Dubai Chamber of Commerce and Industry said on Sunday that sales in the retail sector in the UAE are expected to grow by 13% this year to reach $58 billion by the end of 2021.<\/p>\n\n\n\n

The Institute of International Finance<\/a> expects that the recovery of the UAE’s non-oil economy will be modest during the current year 2021.<\/p>\n\n\n\n

The Institute of International Finance said that the real non-oil GDP will expand by about 3% in 2021 and 2022, after shrinking by 5% in 2020.<\/p>\n\n\n\n

In light of optimism about economic openness after the Coronavirus pandemic, the Institute of International Finance expects growth to accelerate by about 4% in 2023, with the number of tourist arrivals expected to increase by 40% this year, from the very low level witnessed in 2020.<\/p>\n\n\n\n

The UAE has taken several measures to attract wealthy foreigners as the COVID-19 pandemic and low oil prices have hit its economy, particularly that of business and tourism hub Dubai.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Keep reading: Social Media Influencers, Artists To Pay VAT In UAE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The United Arab Emirates cabinet approved a new system allowing remote workers to reside in the Gulf state while working for employers abroad. Remote workers Dubai\u2019s ruler and Vice-President of the UAE Sheikh Mohammed bin Rashid Al Maktoum said in a Twitter post on Sunday that a new work visa would cover such professional workers. […]<\/p>\n","protected":false},"author":4,"featured_media":190110,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,512],"class_list":["post-190109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-uae"],"yoast_head":"\nUAE approves new system to attract remote workers - Bnreport<\/title>\n<meta name=\"description\" content=\"Bnreport - The UAE cabinet approved a new system allowing Remote workers to reside in the country while working for employers abroad\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/remote-workers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE approves new system to attract remote workers - 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