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Transferring EOSBs from Dubai Internet City to Dubai International Financial Centre?

Dear Sir/Madam,

Can you assist us with our query?

Our company is initially registered in Dubai Internet City (DIC) and will be transferred to Dubai International Financial Centre (DIFC).

Can we transfer the employee's accumulated end-of-service benefits (EOSB) while in the DIC to DEWS contribution?

Or is it not possible and we need to pay the EOSB first to the employee and start anew with the DEWS contribution?

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Dar Al Haqooq Legal Consultancy
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10 May 2023, 15:17

Dear Questioner,

Thanks for your question!

If you can sign an undertaking to transfer the dues to a new company and do proper documentation and your employees are ready to accept it, it is possible.

Thanks and Regards,

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