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The UAE is mulling cutting the cost of getting an employment visa, among other measures, to ease the process of starting a business in the country, local daily Emirates Business reported on Tuesday
This will form part of a number of plans, including regulatory reforms, to further lift the UAE's ranking in the World Bank's "Ease of Doing Business" list.
Sami Dhaen Al Qamzi, Dubai's Department of Economic Development (DED) Director-General said fees on labour and immigration appear to be one of the obstacles to doing business here.
"I totally agree that this is an issue and that this needs to be tackled. We are discussing these issues with the Ministry," he told Emirates Business.
The country is also set to improve its standing in another criteria, winding up a business, as it comes near to the completion of an upgraded insolvency law. It is also looking at reviewing insolvency issues for small and medium enterprises, which form 98 per cent of the UAE businesses.
"There is a new bankruptcy law and in addition to that, we want to deal with them and ask them not to make the process onerous for the SMEs," said Alexander Williams, Strategy and Policy Director at Mohammed bin Rashid Establishment for SME Development
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