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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Consultation on End-of-Service Benefits
The UAE's Ministry of Human Resources and Emiratisation (MoHRE) is seeking public feedback on a new end-of-service benefits savings scheme. This initiative aims to enhance employee financial security and support a stable labor market. The consultation period, which ends on February 28, invites stakeholders to provide input through the UAE Government Portal.
## Key Proposals and Feedback
Stakeholders have suggested improvements such as increased transparency in investment funds, including regular performance reports. There is also interest in comparing returns from the new scheme with traditional gratuity benefits. Eligible participants include private-sector employees, freelancers, and UAE nationals in both government and private sectors.
## Investment and Challenges
The scheme proposes investing end-of-service benefits through approved savings funds. Participants have expressed varying opinions on this, with some seeing it as an excellent idea and others unsure. Challenges identified include limited awareness, procedural complexity, and a preference for traditional systems.
## Encouraging Adoption
To promote the scheme, stakeholders have recommended clear procedures, flexible contribution management, and government guarantees. Preferred communication channels for updates include the Ministry's website, social media, and email notifications.
## Alignment with Government Goals
The consultation aligns with UAE government directives to protect employee rights and ensure labor market stability. The scheme, part of a broader effort to improve the labor environment, offers a sustainable alternative to traditional gratuity benefits, promoting savings culture and financial security.
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