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Middle East Employee Incentive Arrangements

Middle East Employee Incentive Arrangements

Fiduchi are experts in assisting companies in the facilitation of employee incentive arrangements through the provision and administration of corporate vehicles and the provision of plan administration services.

Share Option Plans, Long-Term Incentive Plans, Deferred Bonus Plans, Phantom Share Plans, International Savings Plans

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Fiduchi is an independent owner-managed financial services business which allows us to deliver bespoke solutions that assist our clients effectively achieve their goals in a cost-effective manner. One reason why Fiduchi’s existing clients have chosen us as their trusted partner in our ‘work with you' approach.

Like the incentive plans themselves, flexibility exists around the structure used in relation to the management of incentive arrangements. There may be a number of factors that determine the most appropriate vehicle but it can simply come down to cost efficiency or familiarity. Corporate vehicles typically used in the facilitation of employee incentive plans include trusts, partnerships and companies.

In addition to the provision of corporate vehicles in the facilitation of incentive arrangements, Fiduchi are also able to provide a market-leading online software solution for the administration of the incentives plans themselves.

Share Plans

Fiduchi provides services in relation to the incorporation and on-going management of corporate vehicles for the facilitation of employee share plans.

Share plans provide businesses with a flexible mechanism for providing benefit to employees. We work with a clients’ advisors to assist with the implementation of share plans tailored to each individual client’s needs. Simple examples of commonly used share plans include:

PSP Share Plans (PSPs) and Long-Term Incentive Plans (LTIPs)

Whilst flexible, awards under the plan can simply take the form of a right to acquire shares at a point in the future (often three years from grant) for nil consideration, usually subject to an employee’s continued employment.

PSP awards will have performance criteria attached to them. The company determines the performance criteria, such flexibility allowing awards to be directly linked to the performance of a group, employing subsidiary or the individual employee.

Deferred Bonus Plans

In simple terms, under a deferred bonus plan a portion of an employee’s bonus will be deferred for a defined period in the form of shares. Value is delivered to the employee on completion of the deferral period.

Share Option Plans

Essentially, the granting of an option over employer shares to an employee. The flexibility of the plan allows the employer to determine the option exercise price (e.g. share price at grant/nil) and the vesting period.


Cash Plans

Like share plans, cash plans can be tailored to meet a client’s specific requirements in order to ensure that they achieve their employee attraction, motivation and retention goals. Simple examples of commonly used cash plans include:

Phantom Share Plans

Phantom plans are a form of cash plan where the value of awards granted under the plan are linked directly to the share price of the company. From the perspective of the employee, the plan replicates that of a share plan, however, as the value of awards are distributed in the form of cash it can provide companies with the benefit of linking the value of awards to share price without the potential dilution or administrative challenges. Like most incentive plans, the rules of phantom plans can be tailored to companies’ specific requirements.

International Savings Plans (ISPs)

The ‘International Savings Plan’ is an innovative savings plan product for international employers, which has been available in Jersey since January 2019. The ISP is designed to allow employers to create as flexible a plan as they need to meet the different requirements of their employees wherever they might be in the world. This differs from the more rigid pension plans that employers have traditionally offered their employees. For example, ISPs can be set up to allow payouts to employees before the normal minimum retirement age. Under an ISP, a payout can be made at the end of an employment term or upon the occurrence of a significant life-changing event such as redundancy, divorce or ill health.

Find out more about ISPs here.

Our online incentive plan platform allows for the effective administration of a large range of employee share and cash plans as well as employee nominee arrangements.

Key features of our online share plan platform

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Web enabled, 24/7 access to all plan information for company stakeholders

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Information updated in real-time

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Ability to view and filter all participants 

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Access to suite of pre arranged, Business Intelligence reporting

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Complete management oversight and control for company

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Ability to create and schedule your own reporting 

"Fiduchi's Online Share Plan Administration portal, has saved time, money and paper, and [it] allows us to become more efficient in the managing of our employees share awards. It's really fantastic what an impact this platform has made."

Micheal S
Head of People - Tech startup company.

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Easy Onboarding

Onboarding of your data to our online platform is easy regardless if you choose a fully-managed or self-service in-house solution. By making the switch to our platform, you can upgrade from having to manage your share plan data on complicated spreadsheets. Plus, to make the process as simple as possible, our experts will assist you every step of the way and we also provide helpful guides.

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Global Compliance

For businesses who opt for our fully managed solution, our platform is able to deal with each business’s unique requirements. When it comes to dealing with exact legal and regulatory issues, our platform will be able to automatically determine the actions required for each award or vesting, specific to the country in which the company operates. Therefore minimising the risks and allowing full compliance from a legal and regulatory position.

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Data Security

Our platform uses the highest standards to protect the valuable data and assets we hold on behalf of our clients. Our platform provider has a team of in-house cyber security and IT professionals to protect our system and carry out security audits, due diligence, penetration testing and to oversee potential threats. They are fully regulated, accredited and certified by a range of statutory and non-statutory bodies including the US Department of Commerce’s Privacy Shield.

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Branded User Portal

Our platform can be branded to match your company’s own brand, therefore becoming a professional extension of your employee benefits. You can set role-based access and let your employees and shareholders log into their own online branded share platform anytime, anywhere and see exactly what shares they have and how much they are worth. They can also easily accept grants, exercise options, calculate potential pay-outs and more.

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Testimonials

"Thank you very much for your professional assistance (and patience) in helping us transfer our shares and assets into the new Trust. I know that it has taken longer than expected. Still, your professionalism and continued support have helped us achieve the desired outcome."

Chairman and CEO

"My sincere thanks for the assistance you have provided the advisory committee by coordinating directly with the charity to formalise an agreed donation plan."

Private Client (Charity)

"Many, many thanks for your hard work and speed at setting up our client's Private Investment Company in just 24hrs! Your flexibility and communication throughout the whole process have been appreciated, and the feedback has been tremendous......

Thank you."

Major UK Law Firm

"Thank you, everyone, for delivering this significant re-structure to our family assets and within a very tight timeframe.

Great to get this finalised!"

Mr. C - Private Client

"We consider Fiduchi an important strategic partner of ours. Over the years they have proven themselves to be professional and extremely thorough. Combined with this professionalism, they are always a pleasure to deal with and we are pleased with their service levels."

Mr. P.E, Managing Director, W Ltd.

"We consider Fiduchi an important strategic partner of ours. Over the years they have proven themselves to be professional and extremely thorough. Combined with this professionalism, they are always a pleasure to deal with and we are pleased with their service levels."

Mr. P.E, Managing Director, W Ltd.

“I am very impressed with the professionalism and efficiency Fiduchi Limited demonstrated during the establishment of our employee benefit trust. They coordinated the process seamlessly and provided us with valuable advice and guidance to ensure compliance with our regulatory and legal responsibilities. Throughout my engagement with the team, I have found them to be approachable and easy to work with.”

Mr. P.B. FE Ltd.

"We consider Fiduchi an important strategic partner of ours. Over the years they have proven themselves to be professional and extremely thorough. Combined with this professionalism, they are always a pleasure to deal with and we are pleased with their service levels."

Mr. P.E, Managing Director, W Ltd.

“I am very impressed with the professionalism and efficiency Fiduchi Limited demonstrated during the establishment of our employee benefit trust. They coordinated the process seamlessly and provided us with valuable advice and guidance to ensure compliance with our regulatory and legal responsibilities. Throughout my engagement with the team, I have found them to be approachable and easy to work with.”

Mr. P.B. FE Ltd.

"Thank you for helping us with the establishment of our real estate fund."

Startup Fund Manager

"Thank you so much for helping my client register their vessel with the Red Ensign Group and all the other advice and support you provided!"

Trusted advisor to Yacht Owner.

"Fiduchi's yacht team provides a first-class service! In particular with assisting us with our crew banking requirements and payroll services. Whenever we need assistance, they are just a phone call away!"

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Relevant video(s)

Employee Incentive Plans in the Middle East

Fiduchi's Regional Director - Middle East Christopher Dungan interviews our leading expert Martin Benson on the types of employee incentive schemes available for Middle East employers. In this webinar, Christopher starts by talking about the commonly well known International Savings Plans (ISPs), which have replaced end of service gratuity schemes in the region. Martin goes on to further expand on new types of plans which should also be considered by employers looking to incentivise their employees by offering shares in the business. How this can be done, what needs to be considered, and how employers and family-owned businesses can still retain a level of control. Options available for managing the administration of the employee incentive plans which allow complete online access and how plans can be tailored to each employers requirements.

Date posted:
September 4, 2020
Business area:
Employee

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Find out how we can help with your employee incentive plan below

Our experienced employee services team are here to answer any questions you may have regarding all types of employee incentive requirements. With a wealth of knowledge and expertise, they will be able to assist in finding the best solution to achieve your business needs.  

You can telephone our employee incentives team on: +44 7829 931 001.

Alternatively, you can sen them a message directly below:
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