Middle East Structures (End of Service Gratuity and Company Savings Plans)

If your organisation employs expatriates who are staying in the Middle East for the long-term—or have permanently relocated—our dedicated team in the Middle East can assist with End of Service Gratuity (EOSG) and company savings plans. These types of plans fill an important need as expatriates in most of the Gulf States have no statutory entitlement to local state pensions, and any local job moves generally result in the forfeiture of their home country pension plan.

EOSG plans and company savings plans offer participants flexibility and access to international investment markets that they would not usually have sufficient assets to access independently. These plans can also help your organisation to remain competitive—Western-style compensation practices are gaining popularity in the Middle East as the influx of multinational companies in the region has shifted the focus from high basic salaries and cash allowances towards long-term incentives and protection benefits.

How we can help:

• Provision of template trust deeds and plan rules
• Trustee and administration services
• Range of EOSG investment options
• Middle East-focused savings plan investment range
• Corporate reporting
• Online participant and corporate services through RBC cees Online