News: DMCC Update - Mandatory WPS Registration by 15th February 2023
This is a notification about the implementation of the Wage Protection System (WPS) in DMCC. Effective from 15th February 2023, registration must be completed for all employees with an active Employment Visa or Personal Identity Card (PIC).
What is WPS?
The WPS is an electronic wages transfer system that monitors and oversees the payment of workers’ salaries in the UAE and allows the Ministry of Human Resources and Emiratization (MOHRE) to keep a record of private sector salary payments to ensure that employers failing to pay their staff on time can be identified.
The WPS is an integral part of the UAE’s labour regulations. It is a system designed to ensure that companies meet their obligations to pay their employees in a timely manner and that workers’ rights are upheld.
What do DMCC companies need to do?
DMCC Freezone companies will need to set up the WPS system, register through the DMCC portal and then set up monthly staff salary payments through a UAE Central Bank approved local bank or money exchange. Companies will then need to ensure that each month they process their salary and payroll through the WPS system. Mainland companies in the UAE have been undertaking this WPS process for many years.
How can PRO Partner Group help?
PRO Partner Group can advise you on the exact requirements of the new WPS resolution to ensure your company is fully compliant with current regulations. If your business holds a local UAE bank account and can transfer the WPS disbursement funds, PPG can then assist you to process WPS and Payroll correctly each month and monitor your MOHRE file to ensure you remain compliant. PRO Partner Group can also assist you with PRO Services and Visas for your staff and dependents to ensure they are set up correctly and conform to the MOHRE WPS system on a monthly basis.
If you require any further clarification on this, please get in touch with PPG on +971 (0)4 456 1761 for Dubai or +971 (0)2 448 5120 for Abu Dhabi, email us at firstname.lastname@example.org or complete the contact form below and we will be delighted to assist you.