UAE nationals working in GCC require social insurance protection

File Photo

The General Pension and Social Security Authority (GPSSA) implemented a unified system for insurance protection for UAE nationals who work across the region.

As per the new mandate, the region's citizens working in the Gulf Cooperation Council (GCC) countries must be insured with the protection scheme.

The rule is also applicable to GCC citizens working in the UAE.

It also applies to GCC citizens working in both the private and public sectors. These companies must register and provide insurance protection.

Failure to adhere to the mandate by not registering employers will bear additional fines that should be settled in addition to paying the end of service benefits.

The value and eligibility of the benefit vary based on each country's Pensions and Social Security Law.

"As a result, (the) insured will receive end of service benefits in accordance with the retirement law in his/her own country," said Hanan Al Sahlawi, Executive Director of the Pensions Sector in GPSSA, adding that the provisions of the civil retirement law also include workers in free zones as well as in the hotel and tourism sector.

The UAE began implementing the system of extending social insurance protection in January 2007 under law No.18, issued by the UAE Council of Ministers on July 22, 2007.

The decision to provide the social insurance protection system to GCC citizens working in other countries was issued by the Supreme Council of the GCC in December 2004 during the 25th session, held in Bahrain.

More from Business

  • China's ByteDance signs deal to form joint venture to operate TikTok US app

    TikTok's Chinese owner, ByteDance has said it signed binding agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday, in a bid to avoid a US government ban, a significant step toward ending years of uncertainty.

  • India reviewing allegations of antitrust breaches by IndiGo

    India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.

  • DXB and DWC boost winter schedules with new routes

    Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.

  • Amazon in talks to invest in OpenAI

    Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.

  • DXB to welcome over 4.2 million guests over next two weeks

    Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.