The Visionaries - IR Global

• GLOBAL MOBILITY

UAE

MY ADVICE...

Destination UAE

For those thinking about moving to the UAE, the country’s thoughtful immigration policies and efforts to attract skilled professionals make it an attractive choice. Recent global changes, combined with the UAE’s reputation for stability and openness, make it appealing to those seeking security and business prospects. When it comes to climate concerns, recognising the UAE’s commitment to addressing environmental issues is also important. The government’s actions to reduce carbon emissions and host international climate conferences (COP28) show a strong dedication to environmental sustainability. Indeed, while there might be climate challenges, the UAE’s proactive measures contribute to its long-term viability.

Looking at government policies affecting mobility, especially in

family upon his or her death. Workers are also expected to maintain good behaviour, observe the health and safety instructions and constantly develop their skills. The law has fixed ordinary working hours at a maximum of 48 hours per week and 8 hours per day. An employee can only work two hours’ overtime per day, and the total working hours shall not exceed 144 hours in three weeks. Among the several schemes announced is the newly introduced Green Visa, which allows residency for five years for individuals aiming to build a future in the country. The Green Visa will be available to investors, entrepreneurs, highly skilled individuals, top students, and graduates. Green Visa holders can sponsor themselves, their parents, and children under 25. The introduction of the Golden Visa in the UAE represents a significant milestone in the country’s efforts to attract global talent and investment. The Golden Visa initiative allows foreign individuals and their families to obtain long-term residency in the UAE, providing them with the opportunity to live, work, and invest in the country. This strategic move is designed to enhance the UAE’s appeal as a hub for professionals, entrepreneurs, and investors, fostering economic growth and diversity. All of these reforms to the labour law, along with the introduction of easier visa norms to attract not just skilled employees but also freelancers, businessmen, etc, have promoted the immigration of exceptional talent to the country. The UAE’s tax structure is also attractive, with advantageous regulations with which individuals can optimise their financial resources.

employment relocation, it’s essential to stay updated on recent law changes. The UAE’s modern labour laws, visa rules, and programs like the Golden Visa and Green Visa offer diverse opportunities for various individuals, from skilled professionals to entrepreneurs and investors. In terms of taxes, understanding the benefits of the UAE’s tax structure is an important key for managing finances well and deciding where to invest. While it’s not entirely tax-free with the introduction of a 9% corporate tax, the country’s tax rules offer advantages that can positively impact lifestyles and financial well-being.

Thomas Paoletti Founder & Managing Partner Paoletti Legal Consultants LLP

Q1 How are global geopolitical events affecting mobility in your jurisdiction? Geopolitical instability generally influences mobility. However, emigration does not come exclusively from conflict zones, and can be purely economic. The immigration policies of the UAE intend to attract skilled professionals. The policy has helped the UAE attract exceptional talent. The UAE has a safety index of 84.9 and is considered one of the safest countries in the world. Three of its cities are in the top five safest globally. The major attraction that immigrants find in the country is its openness and commitment to pluralism, and it is home to a 90% foreign population, and over 200 nationalities. Q2 Climate concerns are increasingly becoming a decision-making factor in global migration – how is this impacting your jurisdiction? The entire GCC region is likely to face a climate crisis as many climate-related studies have pointed to the fact that there shall be an increase in temperature

Q3 How is government policy influencing mobility in your jurisdiction – particularly regarding employment relocation? The UAE government has introduced massive changes to its labour laws through Federal Decree Law No 33 of 2021. The new law aims to enhance the nation’s labour market’s elasticity, resilience, and sustainability and promote a flexible and competitive business environment for the next 50 years. Additionally, with these new laws and visa regulations, the UAE is working to create a welcoming environment for foreign individuals and investors, further solidifying the UAE’s position as an attractive destination for living and conducting business. The law prohibits discrimination, forced labour, harassment and bullying; some of the other new developments in the labour laws that shall apply to private sector employees is the introduction of temporary and flexible work models to allow flexible hiring and working practices. Furthermore, recent legislative changes have seen an increase in maternity leave provisions, reflecting the government’s commitment to supporting family life and gender equality. Additionally, other initiatives, such as enhanced quality-of-life measures, have

up to 5 degrees in the GCC region by the end of this century, meaning that local populations, including in the GCC, will face major health and livelihood challenges in the coming future. As many as 400 million inhabitants of the Middle East will be at risk of exposure to extreme heat waves that may also stoke social and political tensions. The UAE’s government has been very keen to address global concerns over climate change and has acted to reduce its carbon footprint and the dependence of its economy on fossil fuels. The same is evident from the UAE hosting the recently held COP28

(United Nations Climate Change Conference or Conference of the Parties of the UNFCCC).

been introduced to create a holistic and inclusive environment, making the UAE an even more desirable destination for individuals seeking not only professional opportunities but also a higher quality of life. Further, the UAE government has made it easier for freelancers to migrate

The UAE has been at the forefront of acting on climate policies and has set the target of 2050 for the goal of net zero emissions. However, resource-rich countries like the UAE will experience an increase in the rate of immigration from poorer regions despite their own forecasted climatic challenges. The GCC could potentially receive some of the 143 million climate migrants from Southeast Asia, Sub-Saharan Africa, and Latin America, that the World Bank expects could be displaced by 2050.

to the jurisdiction by introducing Freelancer Visa. This Visa allows

self-employed individuals to sponsor themselves. Workers in the UAE and overseas in specialised fields such as blockchain, AI, and digital currencies can access the freelancer visa. The new labour law also lays certain obligations on employers, which include providing accommodation, training and other means to ensure the safety and welfare of the employees through insurance, healthcare costs and other entitlements to the employee’s

Thomas began practising law in Rome. After a client requested assistance with a matter in Dubai, he began visiting the city regularly and soon discovered there was a unique drive for innovation and forward-thinking leadership that embraced globalisation. After working with a local law firm for five years, Thomas founded the Paoletti Law Group in 2014. Initially licensed in Ras Al Khaimah, Thomas soon moved his operations to Dubai, eventually opening a branch in Abu Dhabi. Thomas believes legal representation is more than just providing advice and documentation – it’s a supportive relationship that empowers a business throughout its entire lifecycle. His own extensive experience working with companies from across the globe has shown him how vital the right legal support system can be for businesses to thrive in any market.

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PROTECTION FOR GROWTH: We deliver pre-emptive legal solutions to prevent disputes from negatively impacting your business. CONSISTENT AND ACCESSIBLE SUPPORT: We use our knowledge and experience to provide practical legal assistance and open, accessible support our clients rely on for their businesses’ success. Clients depend on our specialised knowledge and expertise to support their businesses around the world.

+97 1266 734 33 tp@paoletti.com irglobal.com/advisor/thomas-paoletti

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