The amendments are part of ADGM's ongoing commitment to international best practices
Abu Dhabi’s International Financial Centre, Abu Dhabi Global Market (ADGM), has issued new employment regulations, compensation awards and limits rules.
The amendments include new provisions related to overtime, repatriation flight tickets, sick leave, notice period and penalties on employers for failure to pay termination entitlements for employees.
The amendments followed a thorough multi-jurisdictional benchmarking exercise by the ADGM Registration Authority among firms operating on Al Maryah Island.
“ADGM has been listening to employers and employees and working closely with stakeholders as well as market experts to improve the ADGM’s employment framework,” Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority said in a statement.
“The new changes, together with the existing world-class legislative and regulatory framework, is part of ADGM's ongoing commitment to international best practices and will support ADGM entities to attract and retain the best talent available,” he added.
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