UAE GPSSA waives pension penalties for 1,906 small private employers
The UAE's General Pension and Social Security Authority (GPSSA) has launched an initiative to exempt small private sector employers from penalty payments related to registration delays and end-of-service processing failures.
The programme targets 1,906 small private sector employers covered by federal pension laws who employ no more than four Emirati nationals.
These businesses will receive waivers for penalties incurred between January 1, 2024 and April 30, 2025, the Emirates News Agency (WAM) said in a statement.
UAE pension authority waives penalties for small private employers
The GPSSA designed the initiative to support small private sector businesses, which contribute to job creation and economic diversification within the UAE.
The authority expects the financial relief to enable these companies to reinvest in growth and contribute more to the nation's GDP.
The waiver forms part of efforts to strengthen Emiratisation within the private sector. By reducing financial pressures on small businesses, the initiative aims to enhance their capacity to attract and retain Emirati nationals.
Faras Abdul Karim Al Ramahi, Director-General of the General Pension and Social Security Authority, said the initiative demonstrates GPSSA's commitment to supporting the business sector.
'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. This step aligns with our wise leadership's vision and tireless efforts to eliminate bureaucracy, streamline processes, and ease burdens on the business sector, enhancing the country's business environment and attracting more investment,' Al Ramahi said.
He added that the step aligns with the leadership's vision to eliminate bureaucracy and streamline processes for the business sector, which will enhance the country's business environment and attract more investment.
The GPSSA will contact eligible businesses directly under the 'Zero Government Bureaucracy' programme, requiring no action from employers.
Companies that do not receive direct notification are not included in the initiative.
The authority will review any penalty payments outside the specified timeframe on a case-by-case basis, considering individual circumstances. This approach reflects GPSSA's commitment to balance public interest with the needs of those who depend on its services.
While providing this relief, the GPSSA emphasised the importance of compliance with pension and social security laws.
The authority commits to helping small businesses remain compliant by providing guidance and resources to help employers understand their legal responsibilities and meet insurance requirements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
an hour ago
- Arabian Business
RTA slashes Dubai vehicle licensing services by 74%
The Roads and Transport Authority (RTA) has reduced Dubai vehicle licensing services by 74 per cent in major digital transformation push. As part of an ongoing push toward delivering smarter and more efficient government services, the RTA reduced the number of vehicle licensing services from 54 to just 14, The 74 per cent reduction is aimed at streamlining operations, enhancing customer satisfaction, and accelerating the emirate's smart transformation goals. Dubai vehicle licences The move is part of the '360 Comprehensive Services' plan, an initiative designed to reengineer public services by integrating advanced digital technologies, simplifying processes, and aligning with the Dubai Government's vision to become the world's most digitally advanced city. Ahmed Mahboob, CEO of the Licensing Agency at RTA, said: 'The RTA remains committed to realising its vision and mission of establishing Dubai as a global leader in smart road and transport systems, and a benchmark for seamless, sustainable, and innovative mobility. 'This also aligns with efforts to elevate Dubai's standing in government service excellence and advance its ambition to become the world's most digitally advanced city'. 'The integration of services represents a positive advancement that has enabled the reengineering of vehicle licensing procedures. This approach simplifies the customer journey, reduces the number of steps and physical visits required, and shortens processing times. What's changing for Dubai drivers and vehicle owners? The reform significantly simplifies the vehicle licensing journey, with key highlights including: Request for Vehicle Registration Certificate: Previously involved 13 separate service steps — now consolidated into one streamlined process Export and transfer services: Six separate services have been merged into a single, simplified transaction under 'Vehicle Registration Cancellation' Plate delivery integration: Customers can now complete the plate collection process remotely, fully integrated with the UAE Pass and delivery systems The service overhaul is powered by advanced technologies and real-time data integration with local and federal government entities, enabling faster transaction times, reduced physical touchpoints, improved sustainability and operational efficiency and better service for both individual and corporate users.
Khaleej Times
2 hours ago
- Khaleej Times
Blue Line to transform Dubai's urban economy, turn infrastructure into ‘wealth generator'
The Dubai Metro Blue Line will transform Dubai's urban economy, as connectivity becomes the new currency of real estate in the city, turning infrastructure into a wealth generator, a leading property expert says. Firas Al Msaadi, CEO of fäm Properties, said the Blue Line expansion will advance Dubai's future as a global, liveable, and investable city, bringing massive implications for real estate. 'This is not just a metro expansion, this is a game-changer for Dubai's urban economy,' says Al Msaadi. 'The moment you cut commute time you raise the productivity of the entire city. Transportation is not about movement - it's about time, opportunity, and value creation. With the Blue Line, Dubai is not only connecting nine key districts, it's connecting people to possibilities. Property values in and around the Blue Line - especially Dubai Creek Harbour, Academic City, and Dubai Silicon Oasis - are bound to see a clear upward shift,' Al Msaadi said. Construction on the megaproject began last week with the laying of the foundation stone for the first station at Dubai Creek Harbour, and Al Msaddi said: 'Once completed, this will be one of the most advanced, modern, and high-impact transportation networks in the world. But it's not just about stations - it's about shaping the future of Dubai as a global, liveable, and investable city. The Blue Line is the foundation of a faster, more productive, more connected Dubai, and the implications for real estate are massive.' Metro and other transit projects have had a positive impact on residential properties in many major cities. 'Dubai will be no different,' says Al Msaadi. 'In fact, it may see an even greater impact, because its productivity is impacted by traffic like any global megacity. When you reduce commute times, you unlock economic output. People arrive earlier, businesses operate smoother, areas become liveable. You expand the map of investable zones.' Among the consequences he identifies are: • More demand for housing in connected districts • More investor attention to undervalued areas like Academic City, Dubai Silicon Oasis, and International City • Premium uplift in prime projects near metro lines, with Creek Harbour already in motion • Higher rental yields for units within walking distance to stations • Developers will rethink their masterplans with 'metro-first' logic 'Transportation is the one thing that benefits everyone, even those not using the metro,' says Al Msaadi. 'When others take the train, you drive with less traffic. When a city becomes more fluid, your asset appreciates. This is how global capital flows follow infrastructure, and this is exactly the type of move that positions Dubai for long-term competitiveness in global liveability and investment benchmarks.'
The National
2 hours ago
- The National
President Sheikh Mohamed meets Sheikh Mohammed to discuss national development
President Sheikh Mohamed met Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, to discuss the country's development. During their meeting at Al Marmoom in Dubai, they spoke of "the positive indicators the UAE economy continues to deliver, supporting the country's progress and prosperity", state news agency Wam reported on Monday. The discussion also touched on efforts to enhance government services for the benefit of all members of society, Wam added. The meeting took place in the presence of Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court.
