Praxis is an independent, leading provider of bespoke private wealth and corporate administration services to companies, individuals and families across the world.
Established locally within the UAE in 2016, regulated by Abu Dhabi Global Market, and with offices in both Dubai and Abu Dhabi.
For Praxis, their clients’ interests are at the forefront of everything they do. They are focused on delivering excellence in client service at every opportunity. A consistent quality of thinking that has shaped their reputation for innovation and proven delivery for over 50 years.
The plan provides your employees peace of mind with regards to their gratuity rights, by transferring the assets within a Trust-based Scheme established purely for the purpose of managing gratuity (and Employee Savings balances).
We also offer flexible payment methods in terms of funding your liability, with the ability to increase or reduce this at any time, at no additional cost.
If you’d like to get more information, contact our team here on (GEBTinquiry@damanhealth.ae/+971 24184433), and we will be more than happy to assist in any way we can.
The Daman GEB Trust is both a Gratuity Benefit Scheme in line with the local End of Service Benefits obligations in the UAE, and an Employee Savings Plan that can accommodate contributions from you & your employees via salary sacrifice.
Once invested within the plan, there is a clear segregation of assets regarding each separate pot – be it Employer Gratuity, or Employee Savings Plan.
Each pot can then be invested in several different options, from self-selected funds to risk-based portfolios, or simply left in cash if desired. With the levels of flexibility offered, you and your employees can decide exactly how you wish to invest your respective balances.
We also offer flexible payment methods in terms of funding your liability, with the ability to increase or reduce this at any time, at no additional cost.
Your Employees can fund their savings plan via salary sacrifice at their leisure, and stop or restart this at any time with no additional costs in doing so.