Five-year timeframe smoothens out planning processes, say CEOs.
Dubai: The UAE’s introduction of multiple-entry 5-year visas will help businesses plan better on costs – and help with business continuity as well.
In addition, business sources in the country say that the latest reform on residency rules should be seen in the same light as allowing foreign businesses to own 100 per cent ownership in their companies across industries.
“For those large businesses, especially in the projects field, there is an ongoing requirement for employees to visit the UAE multiple times over an extended period. This new visa option will ensure that these employees are entering on the correct work permits in accordance with the UAE’s labour laws – whereas previously many would have been entering on tourist visas. For those large multinationals concerned about compliance, this will help them breathe a sigh of relief,” said Scott Cairns, Managing Director, Creation Business Consultants.