Jul 11, 2018 2 min read

Major Changes in UAE Visa Rules

UAE New Visa Rule abolishes mandatory bank guarantee for labor recruitment
As part of Mercans’ efforts to provide regular and efficient updates on the immigration rules and to keep all our Clients  abreast of the UAE government changes in laws and policies, we’d like to inform about one of the most recent UAE Cabinet’s announcements: among the latest series of positive changes in UAE visa rules that were announced recently, and that will easy the immigration procedures when it comes to employee outsourcing services, the UAE authorities declared that the abolishment of mandatory bank guarantees required for labor recruitment will be approved soon.

The current bank guarantees will be replaced with a low-cost insurance system which will be priced at only AED 60 per annum for each employee, against the previously required AED 3,000 deposit.

We evaluate this as good news in these economic times, with measures as these that will help the increase of businesses for our existing and prospective Clients in the United Arab Emirates.

Mercans, as a leading HR Advisory and business process outsourcing partner, will take care about all the local rules amendments in all the countries where we operate, in order to guarantee our Clients to stay on top of the competition.

Most viewed posts

View all posts

Lebanon – Transportation Allowance Modification

On 12 August 2022, the President of the Republic of Lebanon signed Decree 9849 which modified the daily transportation allowance as per below: Each day of actual attendance at the work premises will be remunerated at a rate of 95,000 LBP for pri

Sep 1, 2022 1 min read

Client success story: International SOS

International SOS achieved sustainable global payroll process optimization through transitioning away from a legacy provider down to a single payroll management system

Aug 1, 2022 3 min read

Client success story: Kratos

Global payroll solution that complies with US Government contracting requirements

Jul 18, 2022 3 min read

Payroll Technology Firm Mercans Appoints Andre Voolaid to its Board

Andre’s appointment to the board demonstrates Mercans’ vision of becoming the global payroll technology leader.

Jul 18, 2022 2 min read

Pakistan Payroll Outsourcing Alert

Pakistan– Amends Personal Income Tax Rates for 2022-2023 Tax Year. On 30 June 2022, the President of Pakistan enacted the Finance Act of 2022. The Act provides for changes to the personal income tax rates

Jul 18, 2022 1 min read

Bahrain Payroll Outsourcing Alert

The employer contribution to social insurance for Bahraini nationals is increased by 2%, bringing the total contribution to 17%.

Jul 12, 2022 1 min read