[ad_1]
Highlight: UAE Immigrant Unemployment Insurance Scheme
- The UAE has launched a new unemployment insurance scheme.
- This is part of a social security reform aimed at the general public living in the country.
- It also aims to attract more investment and talent to the regional business center amid increasing competition.
Abstract: The UAE recently announced a new employment insurance scheme for the public living in the country.
The UAE or United Arab Emirates has launched a new unemployment insurance scheme to push for reforms to attract more investment and talent in the country amid growing competition.
The plan was first announced in May 2022. It provides financial assistance for up to 3 months to unemployed private and public sector employees.
Both UAE citizens and international migrants are eligible for the programme.
*hope Immigrate to UAE• The Y-axis gives you the guidance you need.
Details of UAE’s new immigrant unemployment insurance scheme
The new social security scheme aims to ensure a decent living for UAE citizens and international employees while they lose their jobs.
Unemployed professionals can receive 60% of their previously earned wages. This is roughly equivalent to AED 5,445.29 or USD 20,000 per month in aid.
read more…
UAE launches work exploration entry visa
It reduces business risk. The program hopes to attract the best domestic and international talent.
Immigrants make up 85% of the population of Arab countries in the Gulf region. The country has been rolling out new types of visas and various social reforms to welcome and retain more skilled professionals.
Those eligible for unemployment insurance programs
The program is available to both citizens and immigrants, except for a few categories of people. Those who do not qualify for the program are:
- Investors working in their own organizations
- domestic helper
- part-time worker
- Minors under the age of 18
- people who have retired from the workforce
Traditionally, permits to reside in Gulf countries such as the UAE have been associated with employment. Recent reforms have made it easier for UAE residents whose visas have been cancelled to stay in the country for six months, up from 30 days previously.
Want to immigrate to Canada? Contact Y-Axis, the nation’s #1 immigration consultant.
If you found this news article helpful, you may want to read…
[ad_2]
Source link