New DIFC end-of-service scheme expected to extend to rest of UAE | ZAWYA MENA Edition:
The new end-of-service scheme for the Dubai International Financial Centre (DIFC), which goes into effect today, is expected to roll out in the rest of the UAE as well, according to global legal firm DWF.
Last week, the Prime Minister of the UAE and the ruler of Dubai, enacted amendments to DIFC Employment Law and new Employment Regulations to introduce new end-of- service savings plan.
“This is a progressive change which should increase the UAE's ability to attract and retain top international talent by bringing the DIFC working practices in line with global standards,” Shiraz Sethi, regional managing partner at DWF, a firm listed on the London Stock Exchange, told Zawya.
“We understand that this is a pilot scheme within the DIFC and once established, we anticipate it will be rolled out to the rest of the UAE,” he added.
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