No change in dependent fee structure in Saudi Arabia

The fees should be paid in advance and on a yearly basis along with the issuing or renewal of the worker’s residency permit, when issuing exit-re-entry visa or even final exit visas. (SPA)
Updated 02 January 2018

No change in dependent fee structure in Saudi Arabia

JEDDAH: The General Directorate of Passports (GDP) has announced that foreign workers in the private sector will have to pay fees for every dependent or companion.
The directorate, known as Jawazat among expats, has posted a tweet on its official Twitter account stating that it was implementing a decision previously issued by the Council of Ministers.
It added that the fees for every dependent or companion must be paid through the SADAD payment system, which was established by the Saudi Arabian Monetary Agency (SAMA) as the national electronic payment service in Saudi Arabia.
In a clarification note received by Arab News via the directorate’s Lt. Col. Talal Al-Shalhoub, the Jawazat said the targeted dependents include the first wife, male children under 18, and all female children. It also clarified that the term “companions” entails the second wife, the third and the fourth, in addition to parents, relatives-in-law, domestic laborers and every expat sponsored by the worker.
As for the fees every expat worker has to pay, the directorate said these are applicable for every dependent and companion of all officially permitted workers in the private sector. “The fees should be paid in advance and on a yearly basis along with the issuing or renewal of the worker’s residency permit, when issuing exit-re-entry visa or even final exit visas.”
The authority made it clear that the worker should pay SR100 ($26.7) for every dependent or companion starting from July 1, 2017. It also gave notice that the fees would be doubled from July 1, 2018, and would reach SR300 by July 1, 2019. According to the same announcement, a single dependent’s or companion’s fees will hit SR400 in 2020.
The announcement also stated that no nationality would be excluded from the decision, and the fees are not refundable. It concluded that a worker could check the validity of his/her passport through the Interior Ministry’s “Absher” online services.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”