Low fees for expatriates in the UAE for the year 2020
Low fees for expatriates in the UAE for the year 2020

 The UAE Cabinet issued a set of recent decisions to establish a competitive business environment in the UAE, including the abolition of mandatory bank guarantees.

 

This is in order to bring in expatriate workers, including Egyptian workers, in the Emirates and replace that with a low-cost health insurance system, which includes about fourteen billion dirhams in bank guarantees for the business sector in the Emirates.

The new system allows all companies and institutions to recover about fourteen billion dirhams, which is about the value of the current guarantees paid by employers in the UAE.