The Wages Protection System (“WPS”) is an electronic salary transfer system affiliated with the Central Bank of the United Arab Emirates (“UAE”) that requires salary payments to be made through accredited banks or exchange offices. It enables the competent authority to verify that employers pay salaries on time and in the required amount. The WPS was introduced in 2009 and has since been used by various institutions. We take the recent decision of the Dubai Multi Commodities Centre (“DMCC”) to make the use of the WPS mandatory as well as the extension of the WPS obligation to certain employees in private households as an opportunity to take a closer look at the scope of the WPS in the UAE mainland as well as in specific free zones.
The corresponding links to the articles in the relevant language are as follows:
Das Wages Protection System in den Vereinigten Arabischen Emiraten
The Wages Protection System in the United Arab Emirates
Should you have further queries, please contact the ANDERS LEGAL CONSULTANCY over the phone on +971 4 327 5888 or by e-mail at [email protected].
