5 July 2017, Abu Dhabi, UAE : Abu Dhabi Global Market (ADGM) has established a dedicated Employment Affairs office (EAO) to support employees and employers of ADGM registered entities in its financial free zone on Al Maryah Island, Abu Dhabi. The ADGM EAO is designed to promote stronger stakeholder liaison, provide guidance and bolster best standards in employment practice and related matters among entities operating on Al Maryah Island. The EAO, an integral component of ADGM is fully operational and in service with immediate effect.
For the EAO, ADGM has designed a detailed Employment Guide to help and enable ADGM registered entities to attract and retain the best talent. At the same time, ensure that ADGM entities and their employees have equal access to employment standards and clear understanding of the rights and obligations between employees and employers.
The EAO also developed a standard employment contract for use by ADGM registered entities to engage with their employees. The contract template sets out the minimum employment standards applicable in ADGM pursuant to ADGM Employment Regulations of 2015 (as amended).
A dedicated EAO section has also been established on the ADGM corporate website to provide users with efficient access to employment related regulations and information.
The EAO is part of ADGM’s commitment to foster international best practice and ongoing efforts to support human capital development and attract talent to Abu Dhabi.
Dhaher Bin Dhaher, Chief Executive Officer of the Registration Authority of ADGM said, “The ADGM Employment Affairs Office is set up to support the current and future needs of entities operating from ADGM and on Al Maryah Island. As more local and global entities establish their presence at ADGM, we hope to have in place an intuitive business environment and conducive ecosystem that supports their expansion plans and growth.”
For more information on the ADGM Employment Affairs Office, the Employment in ADGM Guidance Note and/or the standard Employment Contract, please visit the dedicated webpage on https://www.adgm.com/doing-business/registration-authority/registration/employment-affairs-office/
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linked : ADGM