UAE; Bank Guarantee and Employees Protection Insurance Scheme
| Title | UAE; Bank Guarantee and Employees Protection Insurance Scheme |
| Date of conclusion | 27/07/2022 |
| Entry into force | Following the date of its issuance. |
| Text version(s) | English |
| Source | Ministry of Human Resources and Emiratisation (MoHRE), Ministerial Rsolution |
| No. 318 of 2022 ; UAE (27 Jul 2022) accessed: 05 February 2023. | |
| Keywords | UAE; Laws & Regulations; Policy; Labour |
Abstract
The Ministry of Human Resources & Emiratisation has issued a new ministerial resolution, 318 of 2022. The resolution mandates that all establishments must provide either an insurance policy or a bank guarantee of not less than Dhs. 3000 for each employee. Worker insurance must follow the guidelines the Undersecretary for Human Resources Affairs outlined in this respect. Alternatively, a bank guarantee is paid through any of the banks operating in the country.