Questions & Answers
Are company shareholders exempted from WPS registration in DMCC?
Hi All,
Can someone please advise if shareholders are exempted from WPS registration in DMCC?
Our business owner is listed as an employee with the visa title of sales executive, but his name is mentioned on the license.
However, he doesn't receive any salary and doesn't reside in the UAE but only visits the UAE occasionally.
Thank You in advance.
Dear Client,
Thanks for your question, I hope you are doing well. I will definitely assist you in this matter.
If the business owner is listed as an employee but does not receive a salary and only visits the UAE occasionally, you should check with DMCC for specific exemptions from WPS registration.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will definitely be happy to help you.
Thanks & Regards
ABDUL WAHIED
Shareholders holding member company-issued visas are exempted from registering for salary transfers through the WPS in DMCC.
As per DMCC regulations, shareholders of the company don't need to register for WPS salary transfer.
This applies even if they receive dividends or other forms of income from the company.
However, it's a fact that the business owner doesn't receive a salary when he resides outside the UAE.
