GCCSAUDI ARABIA

The process for determining the financial compensation for renewing residence on a quarterly basis is clarified in “Human Resources.”

The process for determining the financial compensation for renewing residence on a quarterly basis is clarified in “Human Resources.”

value of work permit

With the exception of domestic workers and Likewise, the Ministry of Human Resources and Social Development clarified the mechanism for calculating the breakdown of obtaining the value of work permit, the financial consideration, and the fees necessary to issue and renew residency related to work permits on a quarterly basis.

The Ministry assessed the value of work permit costs at 100 riyals each migrant worker, and financial compensation is paid under the unified number of the facility for each migrant worker on the job, provided that the financial compensation is computed on a monthly basis.

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The financial compensation for each migrant worker does not exceed the number of Saudi workers, which is estimated to be 8,400 per year and 700 per month, according to the ministry, while the value of the financial compensation for each migrant worker in the event of an increase in the number of Saudi workers is 9600 riyals per year and 800 per month in the event of an increase in the number of Saudi workers.

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They said that the license fee and financial consideration are collected when a work permit is issued or renewed, and that the licensing charge is 100 riyals divided into periods, while the financial compensation is divided according to the license term, as shown in the table below:

value of work permit-1

They warned that financial compensation in excess of the number of Saudi employees should be collected first for the units for which fees should be paid, followed by financial compensation for labor equivalent to the number of Saudi workers.

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It also stated that if a worker has late work permits, all arrears must be paid when the worker’s work permit is issued or renewed, provided that the fees for previous late years are calculated based on the price of the current financial compensation due for the labor, and the financial dues are not divided from the delayed work permits.

ismailsesa

Works as an in-house Writer at Gulf Tech Plus and focuses on the latest smart consumer electronics. Closely follows the latest trends in consumer IoT and how it affects our daily lives. You can follow him on Facebook, Instagram & YouTube.

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