UAE announced mandatory unemployment insurance grace period for employees

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The UAE has announced a grace period for workers to enrol in the country’s new mandatory unemployment insurance scheme.

The UAE announced the launch of a new insurance plan for unemployed government and private sector employees last year. Employees will receive 60% of their basic salary for up to three months after starting work. The scheme has a monthly cap of AED 20,000. The scheme went into effect on January 1, 2023, and is mandatory for all UAE employees. However, authorities have now revealed a sign-up grace period.

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UAE announced mandatory unemployment insurance grace period for employees

The UAE has announced a grace period for workers to enrol in the country’s new mandatory unemployment insurance scheme.

The UAE announced the launch of a new insurance plan for unemployed government and private sector employees last year. Employees will receive 60% of their basic salary for up to three months after starting work. The scheme has a monthly cap of AED 20,000. The scheme went into effect on January 1, 2023, and is mandatory for all UAE employees. However, authorities have now revealed a sign-up grace period.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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