The UAE laws passed by the government in the wake of the country's 50th year celebrations are something to be celebrated in themselves.
The UAE is a country expats have been calling home for many years with its attractive tax-free earnings, year round sunshine and endless opportunities. The continuous forward-thinking innovation shown by the government makes the UAE attractive for many more reasons. The country is now, thanks to these new laws, somewhere where entrepreneurs can thrive with 100% ownership of businesses. As a result, I predict an increase in the number of new start-up businesses with the potential for new exciting concepts to be brought to the UAE.
Digital signatures now holding the same value as a written signature makes deals and transactions more attainable. The real estate market will benefit from this new law greatly with overseas investors, sellers and end user buyers having no need to visit the country or be in the country at the time of signing. This makes real estate transactions more efficient and convenient for everyone involved.
These new laws are welcomed by current expats and are sure to attract expats to make a move to the UAE which in turn will have a positive effect on the countries economy. Current expats will be more likely to stay in the UAE long into the future which will make for the continued stability of the real estate market.
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