DMCC implements WPS
In an announcement to its clientele, DMCC has informed on the implementation of WPS. This is in effect from January whereby registration must be done for all employees with active employment visa or Personal Identity Card (PIC) under each company with salary payment effected before February 15, 2023.
WPS or the Wage Protection System is a digital payment of salary transfer through Banks or Exchange Bureaus and financial institutions approved by the UAE Central Bank to provide the service. UAE WPS was introduced in 2009 by the UAE Central Bank to meet the desired objectives of the Ministry of Labour to ensure wages are paid timely and in full. Currently, it is applicable to the private sector under the jurisdiction of the Ministry of Human Resources and Emiratization (MOHRE) and Jebel Ali Free Zone Authority (JAFZA). DMCC will be the new Freezone coming under the WPS umbrella.
How we can help
Rethink can assist for the payroll services of companies having a Corporate Bank Account or enable enrolment in Exchange Bureaus to be WPS compliant.
- Streamlines WPS payroll process
- Ensures fast and secure salary payments
- Access to payslips for employees
- Enables confidentiality as well compliance for WPS process
Who we are
Re/think is a boutique accounting, audit, HR advisory, regulatory compliance and tax advisory firm with offices in Dubai, Abu Dhabi (ADGM) and Bahrain, focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of any business lifecycle.
Re/think offers a full range of HR consulting and outsourcing services to provide you with best practice policy implementation, guidance on local employment laws and regulations, and expert advice on hiring, retaining, motivating, and managing employees.
For further information and assistance, please write to us at email@example.com
Who will assist you
Manager — HR Services and Talent Acquisition
Director — HR Services and Talent Acquisition