How much UAE visa will cost after increase

Gulf News

New visa structure after price increases begin across the country on Friday

• Published: 21:30 July 31, 2014

Abu Dhabi: Effective on Friday, the employment visa for a worker sponsored by governmental bodies will cost Dh200 per year, while the visa charge for workers employed by the private sector or free zones will be Dh250 per year.

A new visa fee structure signed by Lieutenant General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, states that the residence visa for an investor or partner will cost Dh250 per year.

The residence visa for a family member of a worker employed by governmental bodies will cost Dh200 per year, while the charge for workers employed by private businesses and free zones as well as investors and partners of businesses will be Dh250.

Renewal of the residence visa will cost Dh200 per year for a family member of a worker employed by governmental bodies, private sector or free zones, while the renewal charge for investors and partners will be Dh250 per year.

The entry permit or its renewal for domestic workers sponsored by Emiratis or citizens of GCC countries will cost Dh150 per year, while the charge for workers sponsored by foreigners will be Dh200. The visa for a domestic helper sponsored by an investor or a partner will cost Dh250.

The new measures will include the issuing of a new array of entry permits and visas, such as multiple entry permits for visit or work; the activation of study visas, and entry permits for medical care and attending conferences.

A multiple tourist entry permit will cost Dh200, while multiple entry visa for work will cost Dh2,100.

A visit visa for residents in GCC countries will cost Dh200, while its renewal will cost Dh700.

An entry permit for study or training will cost Dh550, while its renewal will cost Dh600.

An entry permit for medical treatment will cost Dh550, while a multiple entry visa for treatment will cost Dh1,400. The same fees will be applicable to patients’ companions.

The renewal of a visa for treatment will cost Dh500, while the charge for the companions will be Dh600.

The transit visa issued to travellers transiting through UAE airports for 96 hours and sponsored by an airline operating in the country, will cost Dh100.

A Dh5,000 refundable deposit will be collected for cancelling a sponsor’s residence visa without cancelling the visas of the sponsored family members, according to the decision signed by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

The deposit will be refunded once the sponsor adjusts their status.

A Dh3,000 refundable deposit will be collected for sponsorship of each family member for a female investor, while a Dh5,000 refundable deposit will be collected for humanitarian cases determined by the Minister of the Interior.

The new Cabinet decision sets up a fund for the deportation of violators of the residency rules. Resources for the fund will come from deposits encashed after applicants fail to honour their obligations under the law.

A Dh100 fine will be imposed on users of residency department portals who fail to fill in applications accurately, according to the new rules.

Individual applicants who fail to honour any declaration or affidavit will be fined Dh500, while in the case of a corporate applicant the fine will be Dh2,000.

Companies that fail to adjust the legal status of their sponsored workers on time will be fined Dh1,000 for each worker, while failure to report any change in the company’s details to the ministry will cost Dh1,000.

A Dh5,000 fine will be imposed on those who misuse the residency system or submit bogus reports to the residency departments across the country.

Repeat offenders within a year will have their fines doubled, not exceeding Dh50,000.

uick list: Types of visas and fees

Employment Visa (Government): Dh200

Employment Visa (Private Sector, Free Zones, Investors): Dh250

Residence Visa (Government) Dh200

Residence Visa (Private Sector, Free Zones, Investors): Dh250

Employment Visa (Domestic workers sponsored by Emiratis, GCC citizens): Dh150

Employment Visa (Domestic workers sponsored by residents): Dh200

Employment Visa (Domestic workers sponsored by investors): Dh250

Residence Visa for real estate owners: Dh1,100

Multiple Entry Visa for work: Dh2,100

Visa for medical treatment: Dh550

Multiple Entry Visa for treatment: Dh1,400

Residence Visa for study or training: Dh550

Multiple Entry Visa for work or tourism: Dh1,500

Entry Visa for GCC State Resident’s Companions: 150

Renewal of GCC State Residents Companions’ Visa: 250

Entry Visa for GCC State Residents: Dh200

Renewal of GCC State Resident’s Visa:Dh700

Transit Entry Visa: 100

Success

Success is the progressive realization of a worthy goal or ideal.	Earl Nightingale
Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.	Albert Schweitzer
	James Allen
Success is the child of audacity.	Benjamin Disraeli
Success is often achieved by those who don't know that failure is inevitable.	Coco Chanel
If there is any one secret of success, it lies in the ability to get the other person's point of view and see things from that person's angle as well as from your own.	Henry Ford
Success is a matter of adjusting one's efforts to obstacles and one's abilities to a service needed by others.	Henry Ford
Our greatest glory is not in never falling, but in rising every time we fall.	Confucius
Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.	Sergey Brin
Anything worth doing is worth 100%.	Konosuke Matsushita
Success is as dangerous as failure.	Lao Tzu
If you get what you want, it's success; if you don't get what you want, it's a learningopportunity.	Vadim Kotelnikov
Success is a lousy teacher. It seduces smart people into thinking they can't lose.	Bill Gates
You never achieve real success unless you like what you are doing.	Dale Carnegie
To succeed you need to find something to hold on to, something to motivate you, something to inspire you.	Tony Dorsett
Success is the ability to go from failure to failure without losing your enthusiasm.	Winston Churchill
The secret of success in life, and subsequently of making money, is to enjoy your work. If you do, nothing is hard work – no matter how many hours you put in.	Billy Butlin
If there is a message at all, it's probably that we have to recognize in ourselves how we feel morally about certain things and make sure we follow that up with our action.	Estee Lauder
Follow your passion, and success will follow you.	Arthur Buddhold
Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, "What’s in it for me?".	Brian Tracy
People begin to become successful the minute they decide to be.	Harvey Mackay
The great successful men of the world have used their imaginations, they think ahead andcreate their mental picture, and then go to work materializing that picture in all its details,... and steadily building, steadily building.	Robert Collier
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather in a lack of will.	Vince Lombardi
Success usually comes to those who are too busy to be looking for it.	Henry David Thoreau
We must walk consciously only part way toward our goal, and then leap in the dark to our success.	Henry David Thoreau
Success is the freedom to be yourself.	Kathy Kolbe
Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.	Helen Keller
There are only two words that will always lead you to success. Those words are yes and no. Undoubtedly, you've mastered saying yes. So start practicing saying no. Your goals depend on it!	Jack Canfield
The mindless junk of your past crowds out opportunities and sets pointless limitations. Move out the junk, and you create room for the rest of your life. Ultimately, it's not just a question of tidying your house; it's a question of liberating your heart.	Merlin Mann
It’s NOT that unsuccessful people do not want to be successful. It’s that they have never learned HOW to make decisions in terms of what they really WANT in life.	Glenn Dietzel
Success is a little like wrestling a gorilla. You don't quit when you are tired – you quit when the gorilla is tired.	Robert Strauss
Only surround yourself with people who will lift you higher.	Oprah Winfrey
The most important single ingredient in the formula of success is knowing how to get along with people.	Theodore Roosevelt

10 Movies Every Entrepreneur Needs to Watch

Related: Why 'Ghostbusters' Should Be Every Entrepreneur's Favorite Movie 

1. The Social Network: It was no surprise that The Social Network was a blockbuster when it was released in 2010. After all, everyone wanted to see how Mark Zuckerberg became transformed from a Harvard student to launching the most popular social-media network in the world.

Why watch it? Never mind if this was overdramatized. The film gives viewers a better understanding of how to make a startup succeed by exhibiting such qualities as being flexible and resilient. Every time I watch this movie it motivates me to be a better entrepreneur.

2. Glengarry Glen Ross: Based on David Mamet's Pulitzer Prize-winning play, this film explores the cutthroat world of Chicago real estate.Glengarry Glen Ross takes a closer look at the lies and betrayals people endure  just to succeed in business.

Why watch it? Unfortunately, the business world can be brutal, something you’ll learn even as a salesperson. This 1992 film illustrates just how vicious it can be.

3. Pirates of Silicon Valley: This was a made-for-TV movie released in 1999 that covers the early days of the country's leading technology hub and the eventual rise of both Bill Gates and Steve Jobs. The documentary-style movie provides an interesting take on the lives of the founders of Microsoft and Apple.

Why watch it? Entrepreneurs are still looking for inspiration from these two iconic “pirates.” It definitely provides pointers to learn from.

4. Citizen Kane: Even if you’re not an entrepreneur, watch Orson Welles’ 1941 masterpiece. The film revolves around the life of a fictitious Charles Foster Kane, a newspaper tycoon loosely based on William Randolph Hearst and his quest for fortune and power. In the end, however, Kane comes to understand what’s really important in life.

Why watch it? While launching a successful business is a goal of every entrepreneur, it’s not the only goal in life. 

Related: Need Inspiration? Surprising Movies, Books and More to Motivate Success

5. The Pursuit of Happyness: Based on the true story of Chris Gardner, this 2006 Will Smith vehicle is one of the most heartwarming and motivational films for entrepreneurs. If you’re not moved by watching Chris and his son struggle to follow a dream, then I am truly puzzled.

Why watch it? Even though he became homeless and struggled to provide for his son, Chris never gave up on his dream. That passion and sacrifice is something every entrepreneur should be willing to embrace. 

6. Moneyball: You don’t have to be a baseball fan to enjoy Brad Pitt’s portrayal of Billy Beane, the general manager of the Oakland A’s. Because the team didn't have the finances to spend on players, Beane had to discover a unique way to compete.

Why watch it? Beane had to be innovative. And that’s one of the most-well known traits of entrepreneurs: figuring out how to make something better. Also, Beane never listened to the naysayers and never backed down from his vision.

Related: How 'The Wolf of Wall Street' Helped Me Increase My Sales by 50 Percent

7. Rocky: This is another film that everyone has to watch at least once. Sylvester Stallone wrote and starred in this ultimate underdog tale of Rocky Balboa going the distance with boxing heavyweight champion Apollo Creed.

Why watch it? Even when the world tells you that you'll never have a chance to succeed, keep fighting. That competitive spirit can take you a long way. And I dare you to listen to the classic score from Bill Conti and not become motivated. 

8. Wall Street: In 1987, director Oliver Stone made Gordon Gekko (Michael Douglas) one of the most infamous characters in cinema history with his motto “greed is good.” The film centers on the illegal and unethical decisions made by Bud Fox (Charlie Sheen) to become filthy rich like Gekko, a corporate raider.

What watch it? Don’t sell yourself out just for the sake of money. Remember, being an entrepreneur isn’t just about becoming rich and famous.

Related: 10 Must-See Documentaries for Entrepreneurs

9. Jerry Maguire: The protagonist, Jerry Maguire (Tom Cruise), had it all: a great career, lots of friends and a beautiful fiancé. One day, however, he has an epiphany: Sports agents shouldn’t just be looking at the money scenes but how to take care of their clients. Jerry loses everything and goes on journey to regain everything he’s lost.

Why watch it? When you’re following your dream, everything else will fall into place both professionally and personally. Jerry Maguire eventually learns this valuable lesson.

10. Office Space: This 1999 comedy from Mike Judge focuses on Peter Gibbons (Ron Livingston), who eventually discovers how much he hates sitting inside a cubicle taking orders from his creepy boss Bill Lumbergh (Gary Cole).

Why watch it? Every entrepreneur hates working for someone else and will even sometimes go to extremes to get fired: I'm not condoning that you embezzle, though: it could result in jail time.

I'm sure I missed a couple. What movie do you think every entrepreneur has to watch?

Related: 5 Great Call-to-Action Film Quotes For Entrepreneurs

Biggest Mistakes of Executives

22 Executives Reveal 

The Biggest Mistakes They Ever Made

Jamie Dimon, chairman, president and CEO, 

JPMorgan Chase

“My biggest mistake, probably of my whole career, was not closing down our mortgage broker business sooner."

Learning is a skill

10 Strategies Quick Learners Use 

To Pick Up Anything

Learning is a skill in itself.

To understand a problem, ask "why" five times. 
"Five Whys" technique for getting to the root of an issue.

Keep a positive attitude. 

"Anxiety precludes you from exploring real solutions and real thought patterns that will come up with solutions,

Don't just learn about it; practice it. 

Find an expert, and then ask them about their expertise.
Whenever he's trying to learn a sport, he'll seek out the nearest silver medalist, arrange for an interview, and then grill them on technique. 

Get an accountability buddy. 

experience the learning process with the same skill as you

When you don't understand, say so.

learning is very much a matter of being aware of when you're perplexed, and then following up on that perplexity. 

Repeat, repeat, repeat.

It's not so much that practice makes perfect; it just makes actions go faster.
Don't just write it out; draw it out.
"Often the best approach to solving problems and generating ideas involves a combination of words and pictures,
Learn the difficult stuff at the start of the day.

Use the 80/20 rule. 

you get 80% of your value out of 20% of work.

Secrets of Advertising

5 Tricks Advertisers Use 

To Make You Buy Their Products

These tricks work because they speak directly to our psychology.

1. PEOPLE ARE DRAWN TO THE RIGHT HAND
2. ADVERTISER OFTEN PUT PRODUCT IN ACTORS' RIGHT HANDS
3. RESEARCHER SHOW PEOPLE ARE DRAWN TO THIS BECAUSE THEY ARE RIGHT HANDED THEMSELVES
4. COLORS IN ADD ARE VERY IMPORTANT
5. THEY ARE USE TO CONVEY PARTICULAR EMOTIONS
1. BLUE - TRUST
2. RED - EXCITEMENT
3. GREEN - FRESH
6. PLACEMENT OF WORDS AND IMAGES MATTERS
7. THE EYE IS DRAWN TO AD WHEN IMAGES ARE ON THE LEFT AND THE TEXT IS ON THE RIGHT
8. THE EYE IS DRAWN TO THE IMAGES WITH ROUNDED CORNERS
9. THIS IS ESPECIALLY TRUE WITH PRODUCT DESIGN FOUND IN ADS
10. THIS INCLUDE FONTS WITH ROUNDED CORNERS
11. SHARP CORNERS LEAD PEOPLE TO THINK ABOUT SHARP THINGS IN REAL LIFE THAT CAUSE PAIN
12. FACES IN ADS OFTEN FEATURE LARGE PUPILS, DESIGNER ENLARGE THEM IN PRINT ADS

The Greatest Graduation Speech Ever Given Is This Bullet-Point List Of 12 Economic Concepts

The Greatest Graduation Speech Ever Given

 Is This Bullet-Point List Of 12 Economic Concepts

                                 Thomas J. Sargent

I thought the graduation speeches were long. I will economize on words.

Economics is organized common sense. Here is a short list of valuable lessons that our beautiful subject teaches.

1. Many things that are desirable are not feasible.

2. Individuals and communities face trade-offs.

3. Other people have more information about their abilities, their efforts, and their preferences than you do.

4. Everyone responds to incentives, including people you want to help. That is why social safety nets don’t always end up working as intended.

5. There are tradeoffs between equality and efficiency.

6. In an equilibrium of a game or an economy, people are satisfied with their choices. That is why it is difficult for well-meaning outsiders to change things for better or worse.

7. In the future, you too will respond to incentives. That is why there are some promises that you’d like to make but can’t. No one will believe those promises because they know that later it will not be in your interest to deliver. The lesson here is this: before you make a promise, think about whether you will want to keep it if and when your circumstances change. This is how you earn a reputation.

8. Governments and voters respond to incentives too. That is why governments sometimes default on loans and other promises that they have made.

9. It is feasible for one generation to shift costs to subsequent ones. That is what national government debts and the U.S. social security system do (but not the social security system of Singapore).

10. When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation.

11. Most people want other people to pay for public goods and government transfers (especially transfers to themselves).

12. Because market prices aggregate traders’ information, it is difficult to forecast stock prices and interest rates and exchange rates.

Negative Working Capital

Definition - What does Negative Working Capital mean?

Negative working capital is the situation where a company's current liabilities exceed its current assets. This means that the liabilities of the company that need to paid within one year exceed the current assets 

Negative Working Capital

A buyer actually prefers to see a working capital ratio of 1.0 - 1.5x, which means there is at least one dollar of current assets for every dollar of current liabilities. This assures the buyer that the company can generate sufficient cash over the short run to cover  and supplier and payroll obligations. However, smart buyers will look for an even higher net working capital ratio . This carry means that there may be a much longer period to convert receivables to cash than it takes to pay accounts payable.

That being said, there are some businesses in which negative working capital is a positive. The famous case study is Dell Computer, which for years had negative working capital as a result of its business model that allowed it to collect cash up-front but pay suppliers later.

Such situations result from a competitive advantage are more the exception than the rule.

The bottom line: A negative working capital is a sign of managerial efficiency in a business with low inventory and accounts receivable (which means they operate on an almost strictly cash basis). In any other situation, it is a sign a company may be facing bankruptcy or serious financial trouble.

When Wal-Mart ordered the 500,000 copies of a DVD, they were supposed to pay Warner Brothers within 30 days. What if by the sixth or seventh day, Wal-Mart had already put the DVDs on the shelves of its stores across the country? By the twentieth day, they may have sold all of the DVDs. In the end, Wal-Mart received the DVDs, shipped them to its stores, and sold them to the customer (making a profit in the process), all before they had paid Warner Brothers! If Wal-Mart can continue to do this with all of its suppliers, it doesn't really need to have enough cash on hand to pay all of its accounts payable. As long as the transactions are timed right, they can pay each bill as it comes due, maximizing their efficiency.

Things to Remember

If the ratio is less than one then they have negative working capital. A high working capital ratio isn't always a good thing, it could indicate that they have too much inventory or they are not investing their excess cash.

Examples

1. McDonald's had a negative working capital of $698.5 million between 1999 and 2000). 
2. Amazon.com is another example.
3. Dell