Abu Dhabi: UAE is putting into effect several new laws that were announced months ago. A handful of the updated and progressive laws will be adopted in the upcoming months. These actions, taken as a whole, surely advance the social growth of the nation.
The five laws that come into force in 2023, are:
- Unemployment insurance scheme
- Civil Personal Status law for non-Muslims – Federal Decree-Law No. 41 of 2022
- Emiratisation targets for private sector as part of Nafis program
- Corporate tax – Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses
- Family business law – Federal Decree-Law No. 37 of 2022 on family businesses
Nevertheless, they mainly serve as extensions of the nation’s already well-established favourable trends. Whether the new laws relating to social security, unemployment insurance, a change in family law, Emiratization in the private sector, or corporate tax, their aim is to strengthen the UAE’s legal system and to give all of its people stability.
“We reflect with gratitude on how far we have come as a nation and renew our commitment to creating an even brighter future together,” Sheik Mohamed remarked.
The authorities intend to improve everyone’s quality of life by creating and implementing these new laws. Following COVID-19, the UAE changed its visa policies in 2021 to allow remote employees to obtain a one-year residency permit and conduct business there. This move was made in response to the changing nature of the workplace.
These actions show a mentality that anticipates the varied workforce in the UAE’s future demands. When taken in its entirety, the fact that the nation is still progressing and becoming more progressive is a positive note on which to start the new year.