Dubai’s firms in Private sector to offer an 80% service discount due to Emiratisation deadline

Firms in the private sector of Dubai offered up to 80 per cent of discounts as the Emiratisation deadline overlooks by the end of this year.

Firms in the private sector of Dubai offered up to 80 per cent of discounts as the Emiratisation deadline overlooks by the end of this year.

UAE Emiratisation targets and authorities have urged private sector firms to hit them by the end of the year.

Advertisement

Firms that play their part will be rewarded with incentives from the Ministry of Human Resources and Emiratisation.

Companies that go above and beyond what is legally required will only pay Dhs250 for specific permits rather than Dhs3,750.

Membership in the Tawteen Partners Club is also on offer, through which members can receive discounts of up to 80 per cent on government service fees.
The incentives were outlined in May, and this week, officials urged firms to proceed with the targets by the end of 2022.

Companies with more than 50 employees must ensure that Emiratis make up two per cent of their staff base.
This is a goal set for 2023 by the government’s NAFIS initiative.

Any firm that falls short must pay Dhs6,000 monthly for every Emirati it fails to hire.

Fines will be collected from January 2023, the Ministry said.

Advertisement

The UAE government wants 10 per cent of the workforce to be made up of Emirati citizens by 2026.

The Ministry wants companies to support the push to invest in local talent and benefit from the incentives.

Under-secretary for Emiratisation Saif Al Suwaidi said they are interested in funding and encouraging private sector companies to achieve the Emiratisation target before the end of 2022.

In one of his statements, this Under-secretary for Emiratisation Saif Al Suwaidi said, “We’re cooperating closely with the private sector, stemming from our belief in its role as a key partner in developing and shaping the future.”

In addition, he said, “We aim to develop the capabilities of the private sector and enable it to keep pace with changes in global business models and attract UAE national talents to work in skilled jobs through the NAFIS initiative, which is a cornerstone of these efforts.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More

St Kitts and Nevis: PM Terrance Drew confirms reduction in student loan interest rates to 5%

The Prime Minister of the Federation of St Kitts and Nevis – Dr Terrance Drew, has confirmed that the interest rates on student loans have reduced from 9 (nine) to 5 (five) per cent applicable from yesterday June 1, 2023. 

Dubai Financial Market Company discloses its financial results of first quarter of 2022

Dubai Financial Market Company (PJSC) disclosed its financial results for the first three months of 2022 on Friday, 29 April, showing a 17% increase in its net profit to AED 27.5 Million, compared to AED 23.4 Million during the same period of 2021.

151 died in Halloween Stampede in South Korea; President declares national mourning day on Sunday

Police officers and rescue team were immediately at the scene where many people died & were injured during a Halloween festival where a stampede happened in Seoul, South Korea.

Recent

Jennifer Aniston talks about her relationship with ex Brad Pitt!

Jennifer Aniston has made news quite many times for her relationships and other rumors related to her marriage and pregnancy. But recently, Aniston addressed...

Vietnamese Airlines postpones flights to China till May 2023: reports

Hanoi, Vietnam: The resumption of flights routes to China in April or May has been postponed by Vietnamese Airlines along with waiting for the next decisions of Beijing about the allowance of its tourists to Vietnam, as per the Civil Aviation Authority of Vietnam (CAAV), reported Viet Nam News reported.

J Lo unfollows Alex Rodriguez on her Instagram!

Jennifer Lopez seems to be completely moved off from Alex Rodriguez and his love. However, deleting the past from life is not possible yet...