UAE New Visa Rule abolishes mandatory bank guarantee for labor recruitment

As part of Mercans’ efforts to provide regular and efficient updates on the immigration rules and to keep all our Clients  abreast of the UAE government changes in laws and policies, we’d like to inform about one of the most recent UAE Cabinet’s announcements: among the latest series of positive changes in UAE visa rules that were announced recently, and that will easy the immigration procedures when it comes to employee outsourcing services, the UAE authorities declared that the abolishment of mandatory bank guarantees required for labor recruitment will be approved soon.

The current bank guarantees will be replaced with a low-cost insurance system which will be priced at only AED 60 per annum for each employee, against the previously required AED 3,000 deposit.

We evaluate this as good news in these economic times, with measures as these that will help the increase of businesses for our existing and prospective Clients in the United Arab Emirates.

Mercans, as a leading HR Advisory and business process outsourcing partner, will take care about all the local rules amendments in all the countries where we operate, in order to guarantee our Clients to stay on top of the competition.

About Mercans:

Mercans is a fully integrated global payroll, PEO and HR services provider. This means that as our client you get access to our cutting-edge global payroll software, local in-country payroll, compliance and HR specialists, and tax and HR advisory service entirely without having to deal with the complexities of setting up local legal entities or in-house payrolls.

If you are tired of dealing with the payroll industry dinosaurs and their outdated and inflexible technology, or with aggregators who simply pass on your data to their subcontractors and divert your calls to an off-shore call center and never seem to have the local knowledge, Mercans is your ideal partner.

Mercans accepts your payroll data, configures calculation rules and generates reports based on your needs and requirements. You will never again have to go through lengthy implementation processes only to find out that you need to change your own side to cope with the limitations of the payroll provider. Our software platform has preconfigured API integration capability with all the major global HRMS platforms, including SuccessFactors, Workday, Oracle HCM, MS Dynamics, and so on.

Our in-country payroll and PEO specialists support you locally when and where you need them. We provide you with practical guidance regarding payroll compliance issues as well as immigration and HR. Never again will you be left hanging, waiting for an answer from a call center. We take care of your business when and where you need it.

Our single contract and software platform approach guarantees that you have the full overview of all of your local payrolls and related costs. You can view and analyze the payroll data in real time and without building expensive reports or data interfaces.

All of Mercans’ systems and processes are GDPR compliant and ISO 9001, 20000 and 27001 certified.

Mercans is also the member of Global Payroll Association