Last week on Thursday, during budget announcement, a new fee has been approved which will be applicable on dependents of expats living in Saudi Arabia. In the budget, the fee for Iqama renewal has also been increased. These changes will come into effect from 1st July, 2017.
A fee of SAR 100 per month per dependent, has to be paid by the expat (sponsor of the family), from start of fiscal year 2017. Every year there will be an increase of SAR 100 per month, per dependent till end of fiscal year 2020. Following chart shows the new fees applicable. These fee are for 1 dependent family member.
|Fiscal Year||Dependent fee (Per Family Member)|
|2017||100 SR / month|
|2018||200 SR / month|
|2019||300 SR / month|
|2019||400 SR / month|
Lets take an example of a family of 4 people. If the person has 3 dependents then from start of 1st July, 2017 will have to pay:
3 (dependents) * 100 SAR / month = 300 SAR per month for the family
For 1 year the total fee for dependents will be 300 SAR * 12 = 3,600 SAR for 3 dependents.
Then for the Fiscal year 2018 the amount will be increased by 100 SAR, per dependent and making the total fee of SAR 7,200 per year for 3 dependents.
Then for the Fiscal year 2019 the amount will be increased by 100 SAR, per dependent and making the total fee of SAR 10,800 per year for 3 dependents.
Then for the Fiscal year 2020 the amount will be increased by 100 SAR, per dependent and making the total fee of SAR 14,400 per year for 3 dependents.
Currently it is not known if this fee will be paid on a monthly basis or yearly basis. Once we have this information we will share it here.
Another change has also been made to the fee of Iqama renewal. As earlier this fee will be paid by the sponsor company. Previously for renewal of Iqama SAR 200 per month was charged. So for the renewal of Iqama, the sponsor company had to pay SAR 2,400 for 1 year. But now for the fiscal year 2018 (starting from 1st July, 2018 to 30 June, 2019) the price has been increased and will continuously increase till fiscal year 2020. Following chart shows the new fee for Iqama renewal.
|Fiscal Year||Fee For Iqama Renewal|
|Companies with more than 50% Saudization||Companies with less than 50% Saudization|
|2018||300 SAR / Month||400 SAR / Month|
|2019||500 SAR / Month||600 SAR / Month|
|2019||700 SAR / Month||800 SAR / Month|