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Pension issues for expats in UAE - Chapter 1

* Below is a detailed research study on pension issues in the UAE where expats come in large numbers for work throughout the year, but often feel discouraged due to absence of solid pension plans. However, in recent few months, the gulf states have started considering coming up with pension plans for expats

Chapter 1: Introduction The United Arab Emirates, according to the World Economic Forum (WEF), is the 12th most competitive nation globally for 2014-2015, which puts the country ahead of all the Middle East and North African (MENA) countries (Wilson, 2014). The UAE is a popular destination for expats and has become an “expats paradise” due to the high salary levels and the zero tax policy. According to the UAE National Bureau of Statistics, UAE’s population has reached 8.2 million in 2011 and the expats account for 88.5% of it. However, the UAE does not offer to its expatriate population any federal pension scheme or retirement plan, this is unlike the other job markets around the wor…