Employees in the UAE will receive up to half of their pay and a full year to launch a new company.
A new program being introduced by the UAE offers employees a year off in exchange for leaving to start their own business.
The UAE government will begin implementing the Entrepreneurship Leave for self-employment program for nationals working for the federal government of the UAE from January 2, 2023.
The plan, which is a first for the globe, is one of the “Projects of the 50” projects that the Vice President, Prime Minister, and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced last July.
UAE Business Vacation
The goal of the entrepreneurship leave for self-employment program is to encourage UAE citizens to start their own businesses and to give them more power.
Employees of UAE nationals employed by federal government agencies are eligible to participate in the project.
One full year of paid leave is allotted to the employee for self-employment entrepreneurship in order to launch or oversee their business venture. Half of the successful applicants’ income will be paid throughout the sabbatical.
Online applications for Entrepreneurship Leave for self-employment are available for UAE nationals employed by the federal government. One can get information about pay scales, length of paid leave, and criteria on the Federal Authority for Government Human Resources website.
Workers may combine their annual leave, unpaid leave, and entrepreneurship leave for self-employment.