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Mandatory UAE: Unemployment Insurance Scheme

Dh400 fine if you do not subscribe to scheme by June 30 deadline.

If you are a private or public sector employee in the UAE, you can now sign up for the Unemployment Insurance Scheme.Subscription to the scheme is mandatory and was opened on January 1, 2023, by the UAE’s Ministry of Human Resources and Emiratisation (MOHRE). Depending on your basic salary, you will have to pay a premium of Dh5 or Dh10 per month to be eligible for unemployment insurance.

The scheme is called the Involuntary Loss of Employment (ILOE) and you can subscribe for it online, or through a total of seven different platforms, mentioned below. To be eligible to receive compensation under the insurance scheme, you must complete a minimum of 12 consecutive months in your previous job, calculated from the day you subscribed to the insurance scheme. Once you are eligible, you will receive 60 per cent of your basic salary for three months if you lose your job due to reasons beyond your control.

For More Details and Subscribe the Scheme Connect Us at : support@finnoo.com or Click Here for Request Call Back

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Revealed: World's most powerful passports in 2023- India's Rank 85th

London-based global citizenship and residence advisory firm Henley & Partners has released the Henley Passport Index for the year 2023, based on exclusive data provided by the International Air Transport Association (IATA).

Speaking of India, as per the report, the Indian passport ranks 85th in the world's most powerful passport index 2023 and gives visa-free entry to 59 destinations worldwide. Earlier in 2019, 2020, 2021 and 2022, the country ranked at 82nd spot, 84th, 85th and 83rd respectively.

Indian passport holders can travel visa-free to 59 destinations like Bhutan, Cambodia, Indonesia, Macao, Maldives, Nepal, Sri Lanka, Thailand, Kenya, Mauritius, Seychelles, Zimbabwe, Uganda, Iran and Qatar. However, you might require visa-on-arrival in some countries.

Here are the World's top 10 most powerful passports:

Rank Country Visa-free score
1 Japan 193
2 Singapore, South Korea 192
3 Germany, Spain 190
4 Finland, Italy, Luxembourg 189
5 Austria, Denmark, Netherlands, Sweden 188
6 France, Ireland, Portugal, United Kingdom 187
7 Belgium, Czech Republic, New Zealand, Norway, Switzerland, United States 186
8 Australia, Canada, Greece, Malta 185
9 Poland, Hungary 184
10 Lithuania, Slovakia 183