UAE relaxes norms allowing expats to start own businessSeptember 18th, 2008 - 4:55 pm ICT by IANS
Dubai, Sep 18 (IANS) The United Arab Emirates (UAE) has relaxed norms to allow expatriates to start their own business in this Gulf nation.The UAE’s labour ministry has decided foreign workers and professionals can start their own businesses without losing the jobs they hold or changing their visa, the Khaleej Times newspaper reported.
The report quoted labour ministry general manager Humaid Bin Deemas as saying that Minister for Labour Saqer Saeed Ghobash took the decision, which would allow expatriates to start their own business or become partners in a new company.
Earlier, expatriates wanting to set up their own business had to cancel their visa and labour card and apply afresh for an investor visa.
Bin Deemas said the new move would open up more opportunities for expatriates to start their own business in the country.
The UAE is home to around 1.5 million expatriate Indians.