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The UAE Cabinet has approved a new long-term visa (10 year) for international investors and is set to introduce an investment law allowing 100% foreign ownership this year, according to an announcement issued first week of July.

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The UAE Cabinet has endorsed earlier comments by the minister of economy in April 2018 stating that a long-awaited investment law allowing 100 per cent foreign ownership of companies would be ready by year-end.

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UAE business environment is very competitive and in a short span of time large no. of business transactions are processed. Now we have two options where one option is to hire more staff which may increase cost of operation and delays in processing. The other option is to consider efficient accounting system which can process transactions fast as well as handle large no. of transactions with less staff input.

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