wps

Wage Protection System (WPS) in the UAE

Wage Protection System (WPS) in UAE: A Complete Guide

The Wage Protection System (WPS) is an electronic salary transfer system introduced by the UAE Central Bank together with the Ministry of Human Resources and Emiratizations (MOHRE). Its main goal is to provide a guarantee that employees working in the private sector receive their salaries on time and in full. Instead of companies remitting salaries directly in cash or via informal channels, the WPS Dubai requires all salary remittances to be routed through the bank system for accountability and transparency. …

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Wage Protection System (WPS) in the DMCC Free Zone

DMCC WPS Registration

Recently, the Wage Protection System (WPS) was implemented in DMCC. DMCC WPS Registration is mandatory and registration of employees with an active employment visa or personal identity card (PIC) is compelled. Businesses ought to ensure the processing of worker’s payroll through the WPS system monthly. Noncompliance to the DMCC WPS’s standards accrues penalties upon employers; thus, it is imperative to seek the expert services of accredited UAE payroll consultants to seamlessly register and stay compliant. Businesses operating in the DMCC …

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