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UAE: Volunteering Leads to a Golden Visa News developments

UAE: Volunteering Leads to a Golden Visa

  • 19/04/202419/04/2024
  • by Tanya Jain

Khaleej Times, 14 April 2024: Volunteering in the UAE offers benefits, such as eligibility for a UAE Golden Visa, granting a 10-year residency permit.

There are a number of platforms which provide access to volunteering opportunities. These include Volunteers.ae which connects volunteers with organizations nationwide. Registration is open to individuals, teams, or companies. Users can also search for opportunities by category, organisation, or location, and see required volunteers and eligibility criteria.

Another site includes the UAE Red Crescent Authority, which is part of the International Federation of Red Cross and Red Crescent Societies, and is found athttps://www.emiratesrc.ae/. Opportunities include charity, humanitarian aid, sponsorships, donations, and Sukuk Al Khair. Volunteers can also access training courses and support initiatives like Ataya.

The National Volunteer Program for Emergencies, Crisis, and Disasters, has also launched by the National Emergency Crisis and Disasters Management Authority (NCEMA). It aims to train volunteers to respond during crises. Details on programme participation and course registration can be found athttps://www.ncema.gov.ae/en/home.aspx.

In addition, the Dubai Volunteering Centre is a government body, which oversees volunteering in the UAE and focuses on Dubai. Volunteering opportunities can be found at https://www.cda.gov.ae/DubaiVolunteer/. Individuals or companies can register to volunteer with them.

The Sharjah Volunteering Centre is the largest volunteer network in Sharjah. it is possible to registration with it at https://sssd-volunteer.shj.ae/register. They offer programme and workshops to train volunteers and list opportunities across Sharjah, searchable by city and institution.

Dubai cares is a civil society organisation which if formally affiliated to the United Nations Department of Global Communications. It is possible to sponsor or volunteer for initiatives with them. Details such as country, partner, and date of each of their programmes are available at: https://www.dubaicares.ae/.

The Authority of Social Contribution (Ma’an) in Abu Dhabi promotes a volunteering community via their website https://maan.gov.ae/en/ . Through Ma’an, volunteer groups and organisations can contribute via donations, volunteering, and corporate social responsibility initiatives. The platform facilitates volunteer applications based on individual goals and allows organisations to recruit volunteers.

Volunteering at events often earns you volunteering hours and can even lead to applying for a Golden Visa if you’re a pioneer in humanitarian work.

In order to be eligible for a Golden Visa as a result of volunteering it is necessary to meet the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) criteria. This includes having worked for at least five years in international or regional organisations, or have been an distinguished worker there.; having been a member of a public benefit associations or institutions for at least five years, or having been a distinguished worker in one of these bodies; having received an award for recognition from a local, regional, or international institutions which focuses on humanitarian work; having been a distinguished volunteer in humanitarian work for at least five years or having completed 500 volunteer hours; or having supported humanitarian work financially with at least 2 million AED or the equivalent in another currency.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

UAE: Investor Rule Change News developments

UAE: Investor Rule Change

  • 04/04/202404/04/2024
  • by Tanya Jain

Gulf News (United Arab Emirates), 2 April 2024: The UAE’s Securities and Commodities Authority has approved a rule change which will mean UAE-based individual investors cannot directly subscribe to foreign funds through their bank accounts in the country.

The rule change came into force on 1 April 2024. It is believed the rule change only applies to subscriptions made after 1 April.

According to industry sources, all existing investment commitments can continue.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

UAE: Golden Business Licences News developments

UAE: Golden Business Licences

  • 01/04/202401/04/2024
  • by Tanya Jain

Gulf News (United Arab Emirates), 27 March 2024: The UAE’s Economic Integration Committee has discussed a proposal to introduce long-term business licences.

Golden business licences could be valid for 10 years.

The Committee also discussed a proposal to introduce silver business licences.

These would be valid for five years.

The licences would be introduced to support revenue growth, encourage business continuity and help business activities grow economically and prosper in alignment with the We are the UAE 2031 vision.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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UAE: Mandatory Health Insurance News developments

UAE: Mandatory Health Insurance

  • 27/03/202427/03/2024
  • by Tanya Jain

Khaleej Times, 21 March 2024: A new mandatory health insurance scheme is to be required from 1 January 2025 in the UAE.

Under the scheme all employers in the UAE will be required to provide and pay for the insurance of their employees. This will also include employers of domestic workers. Employers will have to pay for the health insurance coverage of their employees when applying for or renewing residency visas. The scheme clarifies the position for employees who are on their husband or father’s visa.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

News developments

UAE: Finance Ministry Launches Consultation on Global Minimum Tax Rules Implementation

  • 22/03/202422/03/2024
  • by Tanya Jain

The UAE’s Finance Ministry has announced it has launched a consultation on the Global Minimum Tax or Global Anti-Base Erosion Model (Pillar Two) or GloBE Rules approved by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting or BEPS. It ends on 10 April 2024.

The consultation has been launched to determine how the Ministry should respond to the implementation of the GloBE Rules worldwide.

The Ministry is looking for feedback on how the GloBE Rules will be able to be implemented in the country. This includes how it will interact with the UAE’s corporate income tax system. It also includes ways to minimise compliance costs and the policy options for potential implementation of the GloBE Rules.

The consultation paper covers Pillar Two implementation in the UAE. This includes GloBE implementation, the design of a potential UAE domestic minimum top-up tax and administration matters as well as substance-based incentives.

In addition to the consultation paper, a guidance paper has been issued by the Ministry. This provides details on the specific aspects of the GloBE Model Rules.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

United Arab Emirates News developments

UAE: InstaBlock Initiative to Improve the Protection of Intellectual Property Rights of Creative Works on Digital Platforms Launched

  • 15/03/202415/03/2024
  • by Tanya Jain

Arabian Business, 8 March 2024: The UAE’s Economy Ministry has announced the launch of a new InstaBlock initiative to help improve the protection of intellectual property rights of creative works on digital platforms.

It will immediately ban and block websites that violate the rights of authors and creators. Websites that display their works across various platforms without obtaining permission for publication or broadcast will also be immediately banned and blocked.

A centre will also be designed and established together with relevant entities to monitor intellectual property right infringements and block non-compliant websites to protect right holders.

Through the initiative, the Ministry will provide a Live Ban service. This will enable complaints related to copyright infringement concerning live streaming online to be submitted.

A group consisting of the Ministry, the TDRA and representatives of rights holders will be established and will work 24 hours a day, seven days a week to ensure legislation protecting intellectual property rights regarding these complaints is swiftly implemented.

It has been launched to provide a safe environment from violations for owners of exclusive rights.

It has been launched in line with the best international practices in this area and has been launched together with the Telecommunications and Digital Government Regulatory Authority (TDRA).

The new mechanism focuses on addressing any violations of intellectual property rights, regardless of whether they are literary works or multimedia content like videos.

It also aims to raise awareness about the need to respect intellectual property rights when various content display platforms are being used.

In addition, it aims to educate intellectual property rights holders about the Ministry’s tools and services to help them protect their intellectual property rights from infringement and piracy.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

United Arab Emirates News developments

UAE: First Digital Islamic Bank Launched

  • 08/03/202408/03/2024
  • by Tanya Jain

Al Bayan, 1 March 2024: The first digital Islamic bank has been launched in the country.

Roya Local Islamic Bank has launched its services in the UAE.

It describes itself as offering digital, modern and advanced Islamic banking services.

It is licensed by the Central Bank and aims to professionally and seamlessly integrate advanced technology with the basic principles of Islamic finance, to meet the requirements of individuals and companies. It also aims to provide a seamless digital banking experience and provide the highest levels of security and modernity.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

United Arab Emirates News developments

UAE: Removed From ‘Grey List’ by FATF

  • 26/02/202426/02/2024
  • by Tanya Jain

Arab News, 24 February 2024: The international organisation responsible for anti-money laundering and terrorist financing, the Financial Action Task Force or FATF, has announced it has removed the UAE from its grey list.

It did so after the authorities in the UAE implemented all 15 of its recommendations.

The UAE authorities reported significant progress in addressing significant anti-money laundering and terrorist financing deficiencies identified during FATF’s evaluations.

The UAE authorities had committed to implementing an action plan swiftly to fix the strategic deficiencies identified within agreed timeframes.

Removal from the list means the UAE will no longer be subject to monitoring by FATF.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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United Arab Emirates News developments

UAE: Implementation of Heavy Vehicle Weight and Dimension Regulations Postponed

  • 21/02/202421/02/2024
  • by Tanya Jain

Arabian Business, 19 February 2024: The UAE’s Cabinet has announced it has issued a Decision postponing the implementation of Ministerial Decision No. 138/2023 (the heavy vehicle weight and dimension regulations).

It has asked the Energy and Infrastructure Ministry to extensively study its rationale for the decision.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

United Arab Emirates News developments

UAE: Circular on Rules for Deducting Loan Repayments From Pensions Issued

  • 16/02/202416/02/2024
  • by Tanya Jain

Al Bayan, 12 February 2024: The UAE’s General Pensions and Social Security Authority has issued a circular to employers in the public and private sectors to highlight the rules for the deductions of pensions or end-of-service gratuities in line with Federal Decree-Law No. 57/2023.

The Circular states that deductions from the pension or end-of-service gratuity must only be limited to the Authority’s debt. The Authority therefore must not make any deductions in favour of any other debts, whether they were in the interest of the employer or alimony debts.

The Decision came into force on 9 February 2024.

For more information, click here .

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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