/ Sponsorship And Investors Right

Sponsorship and Investor’s Right

Expatriate residents in the UAE, both employers and employees, may sponsor their families if they have a valid residency status.

Male citizens who work in the UAE can sponsor their close family members, such as their wives and children, under certain requirements, including a minimum wage of AED 4,000 or AED 3,000 plus housing.Since March 2019, an expatriate worker's occupation is no longer a criterion for sponsoring his family's visas. The UAE government changed a rule that allowed only certain professions to apply for family sponsorship visas. Now, regardless of his occupation, a foreign worker can bring his family to the UAE and sponsor their residence permits as long as he meets the 'income criteria,' which is a minimum pay requirement of AED 4,000 or AED 3,000 plus accommodation.

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Sponsorship Criteria

If the family's father lives in the UAE and meets the requirements for sponsoring his children, the mother is not permitted to do so.

After entering the UAE, a resident sponsor has 60 days to apply for his dependents' residence visa and change their status from entry permit holder to residence visa holder.

Depending on the nature of the sponsoring member's work and labour contract, as well as his position as an employee or employer, family members are granted visas for one, two, or three years.

In general, expatriate employees are granted a one-year or two-year residency visa based on their employment contract, whereas expatriate employers are granted a three-year residency visa.

Except for adult males who are pursuing their studies and sponsored parents, sponsored residents can have the same visa period as their sponsors. The resident visa is provided on an annual basis to adult men and parents, independent of the sponsor's visa period.

The circumstances are subject to change at any time. Please contact the Dubai GDRFA or the Federal Authority for Identity and Citizenship for more information.

Physical Fitness is Required

Males and females over the age of 18 must attend and pass medical fitness exams at government-approved health centres in the UAE in order for the UAE to grant or renew a residence visa for family members.All visa applicants, whether applying for the first time or renewing their visa, shall be checked for two infectious diseases: HIV (through blood testing) and pulmonary tuberculosis (by taking an x-ray of their chest). Those who test positive for HIV or have tuberculosis will be deemed medically unfit and will not be granted a residency visa. The officials in the UAE will deport them immediately.

Residents with dormant or inactive tuberculosis in the lungs are also considered medically fit. They are given a one-year 'Health Fitness Certificate for Residence' in this situation, subject to treatment and follow-up by the Department of Preventive Medicine or an equivalent government health body. As a result, if you feel you are infected with a communicable disease, you should get tested in your native country first.

Running of Centers in Different Locations

Medical fitness centers run by the government can be found in the following locations:

Several medical fitness centres may be found in Abu Dhabi and Dubai. Check out the Ministry of Health and Prevention's Preventive Medicine Department's medical examination centres for residency.

Investors’ Rights

The UAE's current legislation offers shareholders and market participants numerous rights and benefits, including the shareholders' right to ownership and transfer of the company whose shares are traded on the market, as well as the dividends distributed.

  • By the firm, as well as the proceeds in the event that the company is liquidated.They also have the right to participate in the decision-making process within the firm in which they own shares by attending and voting at General Assemblies as well as voting at the company's Annual General Meetings.
  • Electing and dismissing members of the Board of Directors.
  • Shareholders also have the right to monitor the company's management by gaining access to the company's financial records.
  • Holding the Board of Directors informed and updated on the company's performance
  • Accountable, questioning the company's auditor They also have the right to raise their children.

In the event of the Investor’s Right violation, you can file a complaint with the appropriate authorities against any Secondary party or parties.When you acquire shares in a company, you expect the company to generate earnings or some other type of return on your investment, however sometimes such investments fail owing to ineffective corporate management or poor implementation of the company's strategy.Because the investors are unaware of their rights in the corporation and how to assert their rights, the losses may continue for many years without the investors expressing any objections.

Investment Safeguarding and Promotion

In order to further its development aims, the UAE signed 78 bilateral trade agreements with the majority of its trading partners. These agreements aim to:

  • Prevent non-commercial risks such as nationalisation, expropriation, sequestration, and freezing of investments.
  • Permit the formation of investments and the licencing of such ventures.
  • Confirm that earnings and other returns can be freely transferred in a freely transferable currency
  • Providing national treatment in accordance with state legislation, as well as most favoured nation treatment, in terms of investment management, maintenance, and expansion.
  • In the event that an investor's investment is expropriated for the public good, the investor shall be compensated fairly and promptly, in line with the law and without discrimination, for the fair market worth of the investment prior to the expropriation.
  • Establish mechanisms for resolving disputes between the investor and the government.
    1. An amicable solution
    2. Local courts or international arbitration are the two options.

Important Factors to Consider When Choosing an Investment

Investors should be aware of all relevant factors that could influence their investment decisions, including but not limited to the following:

Key Securities-Related Legislation

In the United Arab Emirates, issued, subscribed to, and traded securities are governed by the country's general legislative framework, specifically the terms of a number of federal laws and regulations.

Investor

As an investor, you should be aware of the risks associated with your stock investment, whether they are broad hazards affecting the market as a whole, even if disproportionately, or specific concerns affecting a certain firm.

How can Dhanguard Help You?

Dhanguard hosts training courses for its clients, which include publicly traded firms, brokers, and investors. Dhanguard works with all relevant agencies, including the Securities and Commodities Authority (SCA) and financial institutions, in this regard.Involved in this field, creating and delivering thorough workshops. Dhanguard publishes a variety of publications and newsletters that include useful information to aid investors in their investment decisions. Furthermore, Dhanguard publishes a variety of publications on a daily, weekly, and monthly basis. Dhanguard and its listed companies.

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