Savings Scheme for Expats: Who Qualifies and What You Get
Learn how non-Emirati employees in the private sector can access investment-based end-of-service benefits in the UAE.
This scheme provides a way for non-Emirati workers in the private sector to build up savings through investment-based benefits.
Who it's for
This scheme is designed specifically for employees working within the private sector who are not Emirati citizens.
What you get
You receive end-of-service benefits that are built through an investment-based model. Rather than a simple cash payout, these funds are managed by professional fund managers to handle the investments on your behalf.
What it costs you
The scheme is funded via your employer. They contribute a specific percentage of your salary into the plan, so there is no direct out-of-pocket expense for you to join.
The catch to know
It is important to understand that this is a distinct system from the traditional end-of-service gratuity. Because these are two different ways to receive benefits, you should check with your employer to see if they have opted into this specific savings scheme.
How to apply
- Confirm your employment status within the private sector.
- Ask your employer if they have opted into the savings scheme.
- Verify how the employer-contributed percentage of your salary is being managed.
- Speak with your HR department to understand how the investment-based benefits work for your specific role.