There is a quiet effort by the authorities in the United Arab Emirates (UAE) to identify employers that have not registered their employees eligible for the UAE state pension. The potential liabilities faced by these employers do not make for easy reading.
This article sets out the statutory pension obligations on employers and employees based in the UAE and the associated penalties for noncompliance. Different rules apply in the other Gulf Co-operation Council (GCC) countries and for UAE national employees working in Abu Dhabi.
In the GCC, governments have implemented state pension schemes for the benefit of their employed citizens. But not all of those who are entitled to participate in the state pension schemes in their country are…
Credit to Gordon Barr and Yasmin Naja © Al Tamimi & Co. for the original post.