Motei & Associates

Motei & Associates - Law Firm in Dubai

Motei & Associates – the go-to legal consultants in Dubai that cuts through legal complexities and delivers effective advocacies.

Damac Executive Heights - Office 801
Dubai
United Arab Emirates

Tel:+971 4 435 5959

Email:contact@motei.com

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A DIFC Employment Law Amendment No. 4 of 2020 replacing the current end-of-service gratuity - Motei & Associates | Law Firms in Dubai | +971 4 435 5959
A DIFC Employment Law Amendment No. 4 of 2020 replacing the current end-of-service gratuity
January 19, 2020

Law no. 4 of 2020 has been enacted to introduce the new Qualifying Scheme workplace savings scheme in the DIFC, replacing the current end-of-service gratuity payment regime that has been in place since the inception of the DIFC in 2004.

According to the Amendment, which will enter into effect on 1 February 2020, employers will make mandatory monthly contributions to a professionally managed and regulated savings scheme.

The DIFC Board of Directors has also issued new Employment Regulations that set out the requirements for the Qualifying Scheme. The requirements include having an oversight body that will have the right to appoint and remove the scheme operator, review its governance and fees and charges imposed on the scheme.

Employers will have until 31 March 2020 to enroll into a Qualifying Scheme. Alternatively, employers may seek a Certificate of Compliance from the DIFC Authority for an alternative Qualifying Scheme under the Regulations.

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Telephone: +971 4 435 5959
Fax: +971 4 435 5858
Skype: motei.office

Damac Executive Heights (TECOM)
Office No. 801, 8th Floor
P.O. Box: 112888
Dubai, UAE

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