Experience the Siop Process in UAE with airSlate SignNow

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hello guys today I gonna show you how you pay your salaries in Dubai in Dubai or in Ueno I'm in Dubai nurse at one you're not going to do that in an exchange branch in al sattva a WPS salary let me explain you what means WPS WPS stands for wages protection system that's a system how you pay the salaries in Dubai you are not allowed to just transfer the salaries to the account because each salary is registered at the labour of this in the UAE or in Dubai and you have application from the labor of his where you can see your company details you can see everything related to your employees if all the payments are done properly in the right time and your actual status about your company and employees everything you can see in your application you can download it on your phone label of its application and they'll get all the informations to deposit the salaries it's really very simple if you know how you just look for exchange branch that is doing WPS payments and there you go before M or e number your company number and you just deposit the salaries for each employee there and they will get the money transfer direct to the bank account so you can connect it to an Emirates NBD account to a mushrik account or any bank account every particular employee is using you can do it also online with your bank provider if it's mushrik if it's a media badami Islamic bank or any bank if they provide you a WPS service but from my point of view it's quite difficult if you have a small company because you need to create a zip file that's called si si F file and you need to generate this file every single month so it's not one time and forever done the basic salary is always the same amount what it's mentioned in the labor working contract that can be from 1,000 to 10,000 M depends on your contract what you mentioned there you have a limited or an unlimited contract with different benefits so you can choose the contract and these things as your needs for your company I recommend always a limited contract with a smaller basics and to motivate your employees working on higher Commission's okay now let me show you the branch and how you do that so we just need to visit your branch to meet your Emirates ID with you if you are the owner and you are authorized to do that and there you just deposit the money you need the money to have it if you cash we can deposited cash and they will do everything for you doing there you just need to visit the branch so this is the branch in our sattva I'm recommending you when you visit the branch to be prepared with an extra sheet where we have your company licensed in the real number and each position for each employee I'm gonna show you now an exception how it can looks like so this is the part of my extra sheet and as you see what I mentioning here is the MOV number that is a six digit number then the position with the employees the basic salary they're gonna charge you five to none for each transaction so this is the total amount of each one and I write also all the time the Eibon number that they can transfer directly dem account that it only to visit the branch to take it cash from here so you can save the various time of your employees and create a comfortable transaction and receiving of the particular amount for each employee residual payment they're gonna ask you what's the following thing for which month you're gonna make the payment so for example now I'm in February and you wanna make it for January for the last month okay guys there is one more thing what you need to know when you do the payment they're gonna ask you for sure for which month you gonna do the payments so now it's 5th of February and doing the payment for January and from the law you have time to the payment latest 10 of each muscle for February now I have time up to 10 of February to make the payment celery's if you have any questions about how to deposit WPF salaries the employees at the branch they're gonna help you out and they're going to give you the necessary support with everything you need that you can make this transaction easy and successfully take 30 minutes time for that that is not all you want to take it so that ice that's it I was depositing the money so as I told you before it's very simple you choose a branch next to you you go to the cash money there prepare an excel sheet where you have the information as explained in this video and that's it