New Unemployment Insurance Scheme for immigrants in UAE

Highlights: Unemployment Insurance Scheme for Immigrants in UAE

• The UAE has introduced a new scheme for unemployment insurance.
• It is a part of social security reforms aimed at the general public living in the country.
• It also aims to attract more investment and talent to the regional business center amid growing competition.

Abstract: The UAE has recently announced a new scheme for employment insurance for the general public residing in the country.

The UAE or the United Arab Emirates has started a new scheme for unemployment insurance to boost the reforms to attract more investment and talent in the country amid rising competition.

The scheme was first announced in May 2022. It offers financial aid for a maximum of 3 months for private and public sector employees who have lost their jobs.

Both the citizens of the UAE and international immigrants are eligible for the scheme.

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Details of the New Unemployment Insurance Scheme for Immigrants in UAE

The new scheme for social security aims to ensure the maintenance of a respectable life for UAE citizens and international employees when they experience unemployment.

Unemployed professionals can claim 60 percent of the salary, they earned previously. It approximately amounts to monthly aid of 20,000 dirhams 5,445.29 or USD.

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UAE launches Job exploration entry visa

It reduces business risks. The scheme hopes to attract the best national and international talent.

Immigrants constitute 85 percent of the population of the Arab state of the Gulf area. The country has been launching new types of visas and various social reforms to welcome and retain more skilled professionals.

People eligible for the Unemployment Insurance Scheme

Barring a few categories of people, both citizens and immigrants can avail of the scheme. The people who are not eligible for the scheme are:

• Investors who work in their own organization
• Domestic helpers
• Part-time workers
• Minors aged below 18 years
• People who have retired from the workforce

The permission to live in Gulf countries such as the UAE has been related to employment, traditionally. The recent reforms facilitate the residents of the UAE whose visa was canceled to stay in the country for 6 months in comparison to staying for 30 days, which was practiced previously.

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