ABU DHABI // A new entry visa system aimed at attracting qualified and talented professionals to the UAE was approved by the Cabinet on Sunday.
Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai,said the scheme would be carried out in phases, starting with tourism, health and education visas.
The second phase will involve reaching out to talent in the fields of medicine, science and research, among others.
Sheikh Mohammed ordered the setting up of specialised committees to prioritise these sectors, and put forward a plan to attract regional and global talent.
A dynamic lifestyle, practical financing policies and a full-fledged infrastructure are some of the benefits offered to professionals and multinational companies in the UAE.
“Future prosperity lies in the creative minds of our people. Investing in people is an investment in our economy and success,” Sheikh Mohammed said.
“The UAE is a country of vast opportunity. We aim to provide a tolerant environment that can nurture potential and support outstanding talent.”
Also yesterday, the Cabinet approved a guidebook on accountancy standards and another on financial policies and procedures for the federal government.
A proposal introducing the marriage grant’s terms, conditions and standards was also approved. Under the law, the grant will increase from Dh20,000 to Dh25,000.
In international affairs, the Cabinet approved the establishment of embassies in capitals around the world.
Also endorsed were international agreements in line with the UAE’s efforts to boost its position globally and consolidate its amicable relations with countries.
newsdesk@thenational.ae
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Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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