GPSSA exempts private employers from additional amounts

Sharjah 24

8 hours ago

Supporting small businesses
The initiative is a key part of GPSSA's efforts to support small private sector businesses, which play a vital role in the national economy as a major source of job creation and a driver of economic diversification. By reducing their financial burdens, the initiative helps these businesses improve financial stability, reinvest in their growth, and contribute more to the GDP.
Enhancing Emiratisation efforts
The waiver specifically aims to bolster Emiratisation efforts within the private sector. By easing financial pressures on small businesses and enabling local talent, it enhances their ability to attract and retain Emirati nationals as integral members of their workforce.
Targeted support
The initiative targets approximately 1,906 small private sector employers with no more than four Emirati nationals in their workforce. This ensures that support reaches those who need it most and can make the greatest impact. The waiver covers additional amounts incurred between January 1, 2024, and April 30, 2025. Any payments outside this period will be reviewed on a case-by-case basis, reflecting GPSSA's commitment to balancing public interest with the specific needs of those reliant on its services.
Commitment to economic growth
Faras Abdul Karim Al Ramahi, Director-General of GPSSA, affirmed that this initiative demonstrates GPSSA's commitment to supporting the business sector, which is the lifeblood of the national economy. He explained that it reduces financial burdens on small businesses, recognizing their significant role in driving sustainable and inclusive economic growth in the UAE.
Creating a supportive environment
Al Ramahi stated, 'This initiative aims to create a supportive environment for small businesses, enabling them to focus on growth and success. These companies are incubators of innovation and key sources of creativity and job opportunities for UAE nationals, contributing to social and economic stability." He emphasized that this step aligns with the vision of UAE leadership to eliminate bureaucracy and streamline processes in the business sector.
Direct communication with eligible businesses
The GPSSA confirmed that eligible small businesses will be contacted directly, with no further action required on their part, as this initiative is part of the 'Zero Government Bureaucracy' program. Businesses that do not receive a direct notification are not included in this initiative.
Adherence to legal responsibilities
The GPSSA emphasized the importance of adhering to pension and social security laws, reaffirming its commitment to helping small businesses remain compliant. Support includes providing clear guidance and resources to help employers understand their legal responsibilities and meet insurance requirements, ensuring the rights of both employees and employers are protected.