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4.23 UAE National Employment Programs or Emiratisation

N 35/2018 STA
  1. 4.23.1The Licensed Person must ensure that the number of their UAE National employees is not less than 10% of the total number of employees or one UAE national employee in each office/branch, whichever is higher;
  2. 4.23.2All UAE National employees must be registered with Ministry of Labor and General Pension and Social Security Authority;
  3. 4.23.3The Licensed Person may deduct the number of ancillary staff (such as drivers, office boys, cleaning staff, security staff, etc.) from the total number of employees for the computation of 10% of the total number of employees; and
  4. 4.23.4The Central Bank reserves the right to issue Regulations regarding Emiratisation in the Financial Industry from time to time. The Licensed Persons must comply with such future Regulations as and when the same are issued.