The Investment Corporation of Dubai recently introduced a new investment option for foreign nationals and their employers called the Golden Pension Plan, which allows employees to invest a certain amount of their end-of-service benefits with National Bonds (an investment company owned by the Investment Corporation of Dubai), provided they have completed one year of service with their employer. Employers can invest either a lump sum or a portion of their employees’ end-of-service benefits through a pension, and employees have the option to make a voluntary contribution of at least AED 100 per month. Since employees in the United Arab Emirates have historically relied on their end-of-service gratuity as their primary source of savings, these options intend to provide a financial safety net when planning for retirement. The Golden Pension Plan primarily aims to attract skilled workers, increase foreign investment and assist local entities in supporting their employees. Employers interested in offering this plan to their employees must register with National Bonds and employees are advised to research options and discuss their plan with employers.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
Explore more at Fragomen
Media mentions
UK Managing Partner Nadine Goldfoot reflects on how the UK’s immigration system might adapt to better support business and short-term mobility.
Video
Learn the key requirements for digital nomad visas and find out which countries you can apply to as a remote worker or freelancer.
Media mentions
Practice Leader Olga Nechita provides practical guidance on navigating UK immigration routes, settlement options and key considerations for applicants.
Video
Senior Business Immigration Consultant Missy Mae Makil discusses the new DOLE rules for employing foreign nationals in the Philippines.
Media mentions
UK Government Affairs Strategy Director Shuyeb Muquit examines how the UK’s new Immigration White Paper could affect talent mobility and growth in the life sciences sector.
Media mentions
Partner Abeer Al Husseini discusses recent changes in Saudi Arabia's commercial regulations, their impact on international businesses and how they support Vision 2030.
Awards
Fragomen and Talent Beyond Boundaries received the “Partnership with an International Charity” award at the 10th Annual Better Society Awards.
Blog post
Corporate Services Director Elena Caron outlines essential information and updates regarding obtaining a freelance licence in the UAE, highlighting key requirements and benefits for freelancers.
Media mentions
Partner Rajiv Naik discussed how UK employers can prepare for immigration reforms by reviewing policies and aligning mobility with workforce planning.
Blog post
UK Government Affairs Strategy Director Shuyeb Muquit discusses how the UK’s Immigration White Paper presents both challenges and opportunities, highlighting the need for a system reset to address immigration issues effectively.
Media mentions
Immigration Manager Virginie Todesco highlights how Luxembourg’s clear immigration system and strategic reforms attract global talent and employers.
Media mentions
Partner Kevin Miner noted that higher H-1B fees may have led employers to be more selective, though demand remains strong.
Media mentions
UK Managing Partner Nadine Goldfoot reflects on how the UK’s immigration system might adapt to better support business and short-term mobility.
Video
Learn the key requirements for digital nomad visas and find out which countries you can apply to as a remote worker or freelancer.
Media mentions
Practice Leader Olga Nechita provides practical guidance on navigating UK immigration routes, settlement options and key considerations for applicants.
Video
Senior Business Immigration Consultant Missy Mae Makil discusses the new DOLE rules for employing foreign nationals in the Philippines.
Media mentions
UK Government Affairs Strategy Director Shuyeb Muquit examines how the UK’s new Immigration White Paper could affect talent mobility and growth in the life sciences sector.
Media mentions
Partner Abeer Al Husseini discusses recent changes in Saudi Arabia's commercial regulations, their impact on international businesses and how they support Vision 2030.
Awards
Fragomen and Talent Beyond Boundaries received the “Partnership with an International Charity” award at the 10th Annual Better Society Awards.
Blog post
Corporate Services Director Elena Caron outlines essential information and updates regarding obtaining a freelance licence in the UAE, highlighting key requirements and benefits for freelancers.
Media mentions
Partner Rajiv Naik discussed how UK employers can prepare for immigration reforms by reviewing policies and aligning mobility with workforce planning.
Blog post
UK Government Affairs Strategy Director Shuyeb Muquit discusses how the UK’s Immigration White Paper presents both challenges and opportunities, highlighting the need for a system reset to address immigration issues effectively.
Media mentions
Immigration Manager Virginie Todesco highlights how Luxembourg’s clear immigration system and strategic reforms attract global talent and employers.
Media mentions
Partner Kevin Miner noted that higher H-1B fees may have led employers to be more selective, though demand remains strong.