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Employee Bank Guarantee (BG) Waiver update

This service enables users to request and update the Employee with Bank Guarantee Waiver from Jafza.

Process Steps

  1. Customers can log in to Dubai Trade Portal.
  2. Navigate to ‘Employee Services’, select ‘Other Services’, and then select ‘Employee BG Waiver update Approval’
  3. Create and submit a new request to request and Employee bank guarantee waiver. 

Service to change the Bank Guarantee flag of the existing employee (Subject to Jafza’s approval).

  1. If “Bank Guarantee Waived” is “YES”, the customer will receive Employment Contract Undertaking by e-mail.
  2. If “Bank Guarantee Waived” is “NO”, the customer will receive Employment Contract Form by e-mail.

Documents Required

  • Company request letter (to be signed by an authorised signatory of the company other than the applicant if the applicant is not a shareholder).
  • 2 sets of signed Auto-generated employment contract (signed and uploaded through verification SR)/ undertaking.

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Processing Time

1 working days

Fees

AED 300

Access Control

This service requires portal access on Dubai Trade by a company administrator.

Learn about Jafza

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Agree, and proceed Agreed
Agree, and proceed Agreed