“Pensions” launches an initiative to exempt small projects from additional amounts

The General Authority for Pensions and Social Insurance launched a strategic initiative to exempt employers with small projects in the private sector subject to the provisions of the federal pension laws, from the additional amounts resulting from delay in the procedures for registration of the insured or the authority to provide the cases of the insured who has expired during the legally established dates.

The initiative comes within the framework of the authority’s efforts to support its employers with small projects in the private sector; The exemptions represent a strong incentive for these companies to enhance their financial position, re -invest in their commercial operations, and expand their business, and thus contribute more effectively to GDP.

Mubarak Rashid Al Mansoori, Chairman of the Authority, said that the initiative contributes to strengthening a supportive investment environment in line with the UAE’s vision aimed at enhancing economic growth and entrepreneurship, explaining that reducing administrative and financial burdens on small projects owners, supports their ability to contribute to achieving economic sustainability and diversifying national income sources, which establishes the state’s position as a leading global center for business and investment.

He added that this initiative aims to encourage private sector companies to adhere to resettlement as an essential part of its strategies, which increases the participation of Emiratis in economic sectors and enhances their confidence in the opportunities available in the private sector, and contributes to supporting the private sector companies and encouraging them to attract Emirati competencies and maintaining them as an essential part of their human resources, in addition to providing a social safety network for citizens working in this sector, and securing their financial future.

For his part, Firas Abdel Karim Al -Ramahi, Director General of the Authority, stressed that this initiative is a translation of the “pensions” approach in empowering the business sector, which constitutes the beating heart of the national economy, and alleviating the financial burdens on the shoulders of small companies, believing in its pivotal role in achieving sustainable and comprehensive economic development in the UAE.

He said that the aim of the initiative is to provide a stimulating and supportive business environment for small projects owners, and to enable them to focus on the essence of their business to achieve growth and success, considering these projects incubators for innovation, sources of creativity, and engines to create job opportunities for citizens, which enhances social and economic stability.

He added that this step is consistent with the vision of the rational leadership, its tireless endeavors towards the bureaucracy of the government bureaucracy, the simplification of procedures, and the reduction of burdens on the business sector, which enhances the attractiveness of the work environment and stimulates investment in the country.
The initiative targets about 1906 projects in the private sector, where the number of insured does not exceed 4 citizens, ensuring support to the most needy and influential category.

The exemption covers the additional amounts due during the period from the beginning of January 2024 to the end of April 2025, while the additional amounts outside this period will be dealt with flexible and considered individually taking into account the special circumstances of each case, confirming the permanent orientation of the authority towards a balance between achieving the public and private interest in the interests of the beneficiaries of its decisions and services.

The authority confirmed that the employers with small projects that apply directly to the exemption will be contacted to inform them of their inclusion in this initiative, without being asked to take any action in this regard in line with the “State Bureaucracy” program.

The authority noted the importance of adhering to the provisions of pension laws and stressed its commitment to providing continuous support to small companies to ensure their compliance, by providing the necessary awareness and guidance contents to help them understand the requirements of the law and fulfill their insurance obligations with ease and ease, which guarantees the rights of the insured and employers alike.