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Employment relationships in the United Arab Emirates are governed by Federal Law No.8 of 1980 Regulating Labour Relations as amended by Federal Laws No.24 of 1981, No.15 of 1985 and No.12 of 1986 (the Labour Law). The Labour Law provides that an employment contract can be terminated in the following ways.
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As the name implies, end of service gratuity is an amount of money that every employee is entitled to receive, and every employer is liable to pay, upon termination of an employment relationship in the UAE, provided that the employee meets the conditions set out in the Labour Law (UAE Federal Law No.8 of 1980).
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Most businesses in the United Arab Emirates are practiced by way of commercial agencies. In the UAE such arrangements are governed by Federal Law number 18 of 1981 (the “Commercial Agency Law”).
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THE ongoing financial crises gripping the world, including the UAE, shows no sign of abating, so businesses are increasingly looking at means of strengthening their financial standing.
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