What is “Entrepreneurship Leave for Self-Employment” in the UAE
Dubai, Abu Dhabi and Sharjah have become major centers of business activities in the Gulf.
Dubai (UAE Updates – Arshad Farooq Butt)
The government of the United Arab Emirates has announced the biggest good news of the new year to the Emirati citizens working in the public sector.
Employees who want to start their own business ventures will be given extended leave this year with 50% salary. The government has named this project “Entrepreneurship Leave for Self-Employment”.
According to the details, the UAE government has implemented the “Self-Employment Entrepreneurship Leave” from January 2, 2023 to encourage the employed youth and encourage them to take advantage of the vast business opportunities.
Why the need for “Entrepreneurship Leave for Self-Employment”?
Dubai, Abu Dhabi and Sharjah have become major centers of business activities in the Gulf. And many civil servants can play a vital role in empowering national talent by engaging in growing business activities in the country?
Apart from this, many employees are doing part-time business on many platforms including freelancing, Amazon and Noon etc. They do not want to quit their job but want to devote more time to their business. To empower such people, the UAE government has started Entrepreneurship Leave.
Employees will be able to do their business fully during the vacation period of one year. And at the end of the leave they will be able to decide whether they want to continue the business or the job.
Who will approve Entrepreneurship Leave?
The head of the federal authority, for which the employee works, will approve the entrepreneurship leave. All national and civil servants working in federal institutions can apply for this leave. Online workers are also eligible to apply.