What is WPS:
WPS [Wage Protection System] is a digital payment of salary transfer through
Banks / Exchange Bureaus / financial institutions approved by the UAE Central Bank.
Newly Mandatory for DMCC Companies: All DMCC Member firms must
- Register employees with active employment visas or Personal Identity Card (PIC) under each company
- Effect salary payments through the system from February 15, 2023.
DMCC will be monitoring the company’s registration as well as the implementation of WPS, however, the portal freeze/fines will be applicable from January 2024.
M/HQ to the rescue!
- WPS Advisory – One-time guideline on the process of registering for WPS, salary disbursement [self-processing by client’s team]
- WPS Payroll services – Ongoing assistance [Outsourced to Rethink] in preparation of payroll file, SIF File creation, and distribution of payslips (through Cloud-based HRMS)
For any assistance, please contact your usual Relations Manager/Structure Officer or otherwise email us at hradmin@rethink-hq.com [M/HQ’s sister outsourcing firm]
