For years, the Dubai International Financial Centre ("DIFC") and the wider UAE have implemented end of service gratuity ("EOSG") as the deferred benefit scheme payable to employees upon termination of their employment. With the enactment of DIFC Law No. 4 of 2020 (the "DIFC Employment Law Amendment"), the DIFC has moved from a deferred benefit scheme to a defined contribution regime, increasingly aligning the DIFC's employment jurisdiction with international best practice and standards. DWF (Middle East) LLP employment team take a closer look at the key changes and considerations in preparation for the introduction of the DIFC Employee Workplace Saving Scheme ("DEWS"), the DIFC default-qualifying scheme.
The Employment team at DWF (Middle East) has prepared a series of short videos in light of these changes.