More than 6.7 million UAE residents subscribe to Unemployment Insurance Scheme

The deadline to subscribe to the scheme expired on October 1, 2023

The UAE’s Ministry of Human Resources and Emiratisation has announced that more than 6.7 million people have subscribed to the Unemployment Insurance Scheme.

The scheme offers a 3-month compensation to insured individuals in case of unemployment and until they find a job. The deadline to enrol into in the scheme expired on October 1, 2023.

Whereas, if someone has subscribed to the scheme but is not making regular payments, they will be subject to a fine of Dh200 and, their insurance policy will be cancelled.

Those whose work permits have been issued after October 1, 2023, they will have 4 months from the aforementioned date to subscribe. In case they fail to do so, they will also be fined Dh400.