The paper also includes a proposal for a new rule to govern work carried out by ‘non-ADGM employees’ on Al Maryah IslandPress Release
Abu Dhabi: The Registration Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has published a consultation paper setting out proposed amendments to the ADGM Employment Regulations applicable on Al Maryah Island, the geographical jurisdiction of ADGM’s financial free zone. The paper also includes a proposal for a new rule to govern work carried out by ‘non-ADGM employees’ on Al Maryah Island.
As an international financial centre, ADGM places great importance on enabling key stakeholders to attract and maintain the best talent in the market. The revisions made to the ADGM Employment Regulations aim to strengthen ADGM’s employment framework, making it appealing for both employers and employees. The amendments were formulated after the Registration Authority conducted a thorough multi-jurisdictional benchmarking exercise to promote the highest standards in employment practice and related matters among entities and firms operating on Al Maryah Island.
The Registration Authority has invited public participants to submit their comments on the amendments of the ADGM Employment Regulations to firstname.lastname@example.org.
The key proposed amendments include:
– Introducing a temporary work permit regime which allows individuals who are seconded from other jurisdictions or outsourced from non-ADGM entities to officially work in ADGM;
– Facilitating the engagement of interns (with or without pay) by ADGM entities;
– Permitting temporary freelancers to operate in Al Maryah Island, the geographical jurisdiction of ADGM (subject to obtaining the required temporary work permit for them);
– Adding provisions for ‘overtime’ and ‘overtime compensation’ for employees, excluding those in managerial or supervisory positions;
– Introducing amendments to the provision related to the month of Ramadan working hours;
– Introducing amendments to the provision relating to sick leave pay;
– Introducing a one-way repatriation flight ticket entitlement to employees;
– Adding protective provisions related to the employment of youth between 15 and 18 years of age;
– Adding a provision to confirm the application of the Federal Law Concerning the National and Reserve Service in ADGM;
– Introducing amendments to the ‘Protection of Wages’ and ‘Hiring Employees’ sections of the ADGM Employment Regulations (Compensation and Awards Limits) Rules 2016;