Seven exchange houses had their licences downgraded because they were found to be in violation of central bank regulations
The development seeks to boost investment in 24 sectors
The move aligns with the objective of the UAE Vision 2021 to increase the number of UAE nationals in the private sector.
Among the violations 1,757 were related to commercial licenses of illegal workers
New tax refund system supports the growth of the tourism sector in the UAE
The council issued Resolution No. (23) for 2018 on regulating the electronic commerce activity in Sharjah.
People may engage in electronic commerce activities only if they are licensed by the DED
Firms considering to absorb transit visa fees, offer special packages and give discounts on short, extended stays
The facility will not be offered to the nationals of Pakistan, Afghanistan, Sudan and Iraq
The draft offers investors exemptions from labour laws, real state ownership restrictions and other regulations.