The main features of the UAE’s new unemployment insurance scheme are given below :
All UAE federal government and private sector employees must obey the new law’s terms & conditions, with the exception of investors, domestic workers, part-time workers, and minors under the age of 18, and retirees who get a retirement pension and have started a new job.
To be eligible to collect the insured amount, the employee must have been insured for 12 consecutive months starting on the subscription date.
The payment will be made on a monthly basis, based on 60% of the employee’s basic salary, and will not exceed AED 20,000 each month.
If an employee accepts a position at another company while receiving remuneration, the compensation will be suspended.
Moreover, neither fraud nor dishonesty should be utilized in the compensation claim. The penalties outlined in the law shall be subject to the establishment as well as the insured in the event that it is discovered that the establishment where the employee works is not a legitimate one.
The insured may be entitled to extra benefits for service providers, insurance companies that have been granted Central Bank of the UAE (CBUAE) licenses, and other parties, as long as they meet the requirements set forth in the UAE cabinet’s unemployment insurance regulations. Other governmental bodies designated by the UAE cabinet to offer services for unemployment insurance may also be service providers.
Some other compensation or rights mentioned by other UAE law that is now in effect are unaffected by the compensation that the insured is eligible under this decree law.
In Summary
Most government policies have been prioritized with regard to the well-being of both residents and citizens of the UAE. The main purpose of building facilities and employment-related laws in the UAE is to enhance the lives of the people and uphold employees’ rights. If you are employed by a public or private company in the UAE, this brand-new scheme will benefit you.
I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
This website uses cookies to improve your experience.Accept You can Read More here . By continuing to use this site you are giving us your consent to do this
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.