Dec 30, 2022 2 min read

UAE introduces unemployment insurance scheme from January 01, 2023

The President of the United Arab Emirates (UAE) on September 15, 2022 confirmed the introduction of the Unemployment Insurance scheme in UAE.

The Unemployment Insurance scheme is a form of insurance/social security that provides Emiratis and residents working in the federal and private sectors, financial support if they lose their jobs, as a result of termination by their employers except:

Eligibility Requirements

Cost of subscription

Compensation amount and Duration

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

Mercans Recommend

Download PDF

United Arab Emirates (UAE) introduces Unemployment Insurance scheme from January 01, 2023
Size

888.44 KB

Most viewed posts

View all posts

Mercans Adds Thought Leader Pete Tilakos to its Board

Pete is a renowned global payroll product strategy leader, HR industry analyst, advisor, and thought leader.

Feb 8, 2023 2 min read

Dubai Multi Commodities Centre (DMCC) Mandates Wages Protection Sys...

This will enable DMCC member companies to pay employees’ wages via banks, exchange houses, and financial institutions approved by the UAE Central Bank.

Feb 8, 2023 1 min read

Norway Announced Income Tax Rate 2023 and Introduced a New Social Tax

A new 5% Social Tax has been introduced for yearly income exceeding 750,000 NOK. The tax will only kick in once the employee's earnings surpass this limit.

Feb 7, 2023 1 min read

Lebanon Announced Tax Rate and Exemption Changes for 2023

In addition, the Lebanese government has announced an official LBP to USD exchange rates to be used for payroll calculation purposes.

Feb 7, 2023 1 min read

Qatar changes Social Security Contribution Rates for GCC Nationals

The General Retirement and Social Insurance Authority (GRSIA) of Qatar has announced changes in the Social Security and Pension Law with updated contribution rates applicable to private sector employees in Qatar, effective from 3 January 2023. The up

Feb 1, 2023 1 min read

Mercans’ HR Blizz is now an IRAS-Certified Payroll Software

Accreditation of HR Blizz by IRAS in Singapore allows businesses to submit their GST and Taxes electronically accurately.

Jan 26, 2023 3 min read