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In Sharjah and across the United Arab Emirates (UAE), retirement laws form an important aspect of labour law. The retirement age for UAE nationals is set at 49 years for women and 60 years for men, as stipulated by UAE Federal Law No. 7 of 1999. Expatriates, on the other hand, do not have a set retirement age, but their work permits aren't usually renewed once they reach the age of 65. There are exceptions for certain professionals deemed to provide significant value to the country. It's essential to understand that these regulations can change, given the evolving nature of the UAE's progressive legal landscape.
While retirement in Sharjah may seem straightforward, many situations necessitate professional legal help. If you're considering early retirement, having a lawyer can help navigate the potential benefits and pitfalls. Legal assistance might also be required if you experience difficulties in receiving pension payments or any other benefits you're entitled to. Moreover, expatriates requiring visa assistance post-retirement or those planning to undertake business activities post-retirement would greatly benefit from legal guidance.
As per the UAE labor laws, an employee is eligible for end-of-service benefits, commonly referred to as gratuity, after the completion of one year of uninterrupted service. The progression of gratuity payments is significant to understand since it matures and compounds depending on years of service. Retirement benefits for UAE government employees are managed by the General Pension and Social Security Authority (GPSSA), whereas private sectors operate their own pension schemes. It's crucial to point out that the laws differ somewhat for UAE nationals and expatriates, which is where legal advice can be of significant importance.
There's no mandatory retirement age for expatriates, but work permits generally aren't renewed past the age of 65, with exceptions for certain professions.
If an employee has completed one year of service, they are entitled to end-of-service benefits, also known as gratuity, which changes depending on the length of service and circumstances of leaving the job.
Yes, if you wish to stay in Sharjah after retiring, applying for a retirement visa, which requires meeting certain criteria, is necessary.
Yes, you can. Different rules apply for UAE nationals and expats, and specific company structures and work permits may need to be arranged.
The contribution to the pension fund depends on your salary and varies for UAE nationals and non-UAE nationals. For accurate calculations, it is recommended to get in touch with a legal counsel specialized in UAE retirement law.
The Ministry of Community Development in the UAE, the General Pension and Social Security Authority (GPSSA), and the Ministry of Human Resources & Emiratisation (MOHRE) could provide useful information and resources on retirement procedures in the UAE.
If you're considering retirement or have already retired in Sharjah and need legal assistance, it's crucial to consult with a legal professional who specializes in UAE retirement law. They can accurately understand your situation, provide in-depth explanations of your legal rights and obligations, and guide you through the necessary procedures. It's recommended to prepare a list of questions and concerns to discuss with them to ensure you're adequately informed and capable of making sound decisions about your retirement.
