The savings scheme will come into effect from 1 July, 2022, and aims to enhance the attractiveness and flexibility of the labour market in Dubai
expat employees in Dubai Government
Latest in expat employees in Dubai Government
Dubai
Dubai enables expats working in the government to enroll, invest, and develop their savings
The employer will contribute the total end of service gratuity to the scheme. The percentage of the contribution to the scheme will equal the end of service benefits due to the expat employee
Dubai
Saving scheme for foreign employees in gov’t roles to increase UAE’s talent attraction and retention: experts
The initiative will also boost the economy by allowing for capital to be invested through locally managed firms; private sector expected to follow suite
Dubai
Dubai Crown Prince launches savings scheme for foreign employees in govt roles to boost end-of-service benefits
The integrated system will offer government employees various saving opportunities across financial portfolios in order to grow their benefits and savings for the future. Citizens and residents will be able to choose multiple investment structures including traditional investment funds, and others compatible with Islamic Sharia.