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ARTICLE · 23 DECEMBER 2019

DEWS Diligence In Dubai

TMF Group BV
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Dubai International Finance Centre (DIFC) is replacing its end-of-service gratuity regime with a mandatory workplace savings scheme known as the DEWS plan.

United Arab EmiratesEmployment and HR
Mark Lindsay
Mark Lindsay
Bethell Codrington
Bethell Codrington
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TMF Group's new workplace savings structure could unlock strategic employee benefits opportunities for Gulf employers.

 Dubai International Finance Centre (DIFC) is replacing its end-of-service gratuity regime with a mandatory workplace savings scheme known as the DEWS plan. Within the DIFC, some 1200 companies and 30,000 employees will be affected. Neighbouring jurisdictions are expected to follow suit, involving another seven million international employees across the UAE. TMF Group's new DEWS-compatible structure not only lets employers develop their own compliant scheme, it is flexible enough for cross-border employers to create a single scheme for employees in multiple jurisdictions.

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