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United Arab Emirates: Guarantee Deposits to be Required by Dubai International Financial Centre
Effective January 24, 2010, employers operating in the Dubai International Financial Centre (DIFC), one of the United Arab Emirates’ Free Trade Zones, must submit a refundable guarantee deposit of AED 2,500 (approximately US $680) with each new work permit application for a foreign national or permit renewal application. »
United Arab Emirates: New Wage-Payment System to Affect Employers of Foreign Workers
Under the United Arab Emirates’ new Wages Protection System, certain employers will be required to pay their workers through a UAE financial institution rather than directly. Employers will also have to pay wages at least once a month and meet specified payment deadlines. Employers that are not registered with the Ministry of Labour, such... »