Unemployment Insurance
- Unemployment insurance has now been officially introduced in the UAE.
- This was done by virtue of a brand-new law, issued by the U.A.E. President, Sheikh Mohamed Bin Zayed.
- The objective of the law is to:
- Ensure income during unemployment;
- provide social security; and
- continue to attract and retain world’s best talent to the country.
- At a high level, unemployment insurance will be available for both: 1) public and 2) private sector employees.
- With a few exclusions, such as: 1) part time employees, 2) owners of businesses and 3) domestic workers.
- The maximum insurance compensation is for a period of 3 months.
- The law is Federal Decree Law No. 13 of 2022 regarding Insurance for Unemployment.
- And it came into effect on September 29, 2022.
- Further details will be issued in additional regulations and decisions.
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