UAE: Entrepreneurs and investors can benefit from visa reforms
Category: #business  | By Nikita Chaurasia  | Date: 2022-09-19 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

UAE: Entrepreneurs and investors can benefit from visa reforms

The visa and business reforms by the UAE will open new prospects for investors, entrepreneurs, IT specialists, job seekers, and tourists, according to credible sources. This will reportedly benefit the region’s economic growth.

Business Link’s Chief Executive, Hatem ElSafty claimed that the introduction of visa reforms by the UAE and Saudi Arabia will increase the region’s economic activity. This initiative will also attract talent and generate employment as well as business opportunities.

ElSafty also added that the UAE has brought some amendments to the existing visas and introduced brand-new ones.

This update is expected to open new doors of opportunity for the UAE, tourists, job seekers, entrepreneurs, and more, shared ElSafty.

Considering the business point of view, the business entry visa will offer benefits as it will empower investors to visit and conduct thorough research before establishing their base in the UAE.

ElSafty further stated that as far as Saudi Arabia was concerned, the MISA/SAGIA had recently updated their regulations for trading businesses, which would make the overall process much easier.

ElSafty’s company operates in the UAE and the KSA and understands the challenges investors face while setting up a trading business in the KSA. Hence, these updates would make things a lot easier.

ElSafty agreed that any positive update in a nation’s basic functioning can enable its economy to prosper. However, with respect to the UAE and the KSA, GCC’s two economic superpowers, one can expect great economic prosperity.

Hatem also claimed that Saudi Arabia had been declared one of the world's fastest-growing economies. With the real GDP growth estimated to reach 7.5 percent this year, it has already left many economies far behind.

This rapid and steady growth is said to be the fastest witnessed by Saudi Arabia since 2011, and their economy tops the list of 20 largest economies across the globe.

Source Credit - https://www.khaleejtimes.com/business/visa-reforms-open-new-opportunities-for-entrepreneurs-investors?_refresh=true

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

McKinsey commences job cuts focused on non-client serving teams

McKinsey commences job cuts focused on non-client serving teams

By Nikita Chaurasia

McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...

Fintech firm PayPal to shed around 2000 staff as global economy plummets

Fintech firm PayPal to shed around 2000 staff as global economy plummets

By Nikita Chaurasia

PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...

EasyJet sees a rise in bookings as customers plan their next vacations

EasyJet sees a rise in bookings as customers plan their next vacations

By Nikita Chaurasia

British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs that they&...