Bank guarantee refund in UAE

Labour’s Bank Guarantee Refund from MOHRE-UAE

How can I refund excess bank guarantee of cancelled employees?

Excess bank guarantee can be refunded through the following procedures:  

Bank Guarantee refund application can be typed from Tas’heel Centre.
Fees: Dh83 to be paid at Tas’heel Centre. Payment through e-Dirham or Credit card.

Mobile App: If your company uses MOHRE Mobile App, you can apply for bank guarantee refund free of charge.

Required Documents at Tas’heel Centre:
+ Original e-Signature Card of the Authorized Signatory
+ Labour Establishment Card copy
+ Trade License copy

+ Apply for refund through Tas’heel Centre.

+ Track the application through www.mohre.gov.ae. Approval will come within some hours. Once it is approved print it from www.mohre.gov.ae and submit to the concerned bank/finance company with the following documents.
+ Approval paper from MOHRE.
+ Trade License copy.
+ Emirates ID copy of submitting PRO/Partner
+ Filled manual form which is available at the bank (form to be filled if your bank is ALMASRAF).

Cheque in the Company name: Bank/Finance company will issue cheque in the name of your company only.

If your bank is ALMASRAF Apply through online.

Open www.almasraf.ae and click on E-guarantee Refund.
Following documents are required to submit online.
-Trade License Copy
– Refund Certificates from MOHRE
– Power of Attorney (If any)
– Emirates ID of the submitting person
– Bank statement/ Account maintenance certificate
Cheque will be ready within 14 working days. If your company does not have bank account, after receiving the cheque, any partner whose name is written in the license can encash the cheque from the same bank by paying service charge Dh100. to read more about Bank Guarantee refund FAQs.

 If your bank guarantee is from AAFAQ Finance, cheque will be ready within 30 daysIf your company does not have bank account, they will issue cheque in the name of the owner whose name is written in the license.

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