Abu Dhabi: Changes to residency systems expected soon

The Abu Dhabi Executive Council and the Cabinet are currently working on a series of amendments to residency systems and laws governing foreign companies to stimulate investment in the emirate, it was announced Thursday.

The move is also aimed at strengthening the role of residents and their social stability as well as their economic and knowledge contribution.

Through these amendments, the Executive Council aims to create programmes that preserve the gains of the Abu Dhabi economy as well as to continue to improve policies of residents’ affairs through cooperation and compatibility with the legislative tools and strategic plans of the Cabinet

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There will also be local content development policies, as one of the priorities of the Abu Dhabi Executive Council’s economic agenda in the next stage to protect Emirati investors in a way that  does not weaken opportunities, efficiency and competitiveness of all categories of investors.

 

Source Credit: Gulf News

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