UNITED ARAB EMIRATES – New Insurance Scheme for Workers to Take Effect

By Peregrine

The Ministry of Human Resources and Emiratization (MOHRE) has announced that its new insurance scheme will be available from 15 October 2018.

The new scheme, June 13, 2018, will be offered as an alternative to the existing bank guarantee system.

It is only applicable to companies operating in the United States and registered with MOHRE.

How will it work?

Where and when do they apply?

  • purchasing workers insurance under the new scheme, for AED 60 per worker per year; gold
  • providing a guarantee of AED 3000 per worker, as under the current system.

 

Action Items

  • Employers who may be affected by the latest information and contact information for the latest information and case-specific guidance.
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