Iqama Fees Structure – Easily Check Your Iqama Fees

Iqama Fees Structure – Easily Check Your Iqama Fees. In Saudi Arabia, the Iqama, or residence permit, is a vital document for expatriates residing and working in the country. The Iqama not only serves as proof of legal residence but also grants various privileges to its holders. However, like most things in life, this privilege comes with a cost – the Iqama fees. In this article, we will delve into the details of Iqama fees, their structure, and the importance of timely renewal.

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Iqama Fees Structure

The cost of issuing or renewing an Iqama in Saudi Arabia is SAR 650 per year. This fee can be paid in quarterly installments, allowing flexibility for individuals and private companies to manage their expenses effectively. Here is a breakdown of the quarterly payment options:

• 3 months – SAR 163: If you prefer to pay your Iqama fees on a quarterly basis, you can pay SAR 163 every three months.
• 6 months – SAR 325: Alternatively, you can opt for a semi-annual payment, with SAR 325 due every six months.
• 9 months – SAR 488: For those who prefer spreading the cost over nine months, the fee amounts to SAR 488.
• 12 months – SAR 650: The standard annual fee for an Iqama is SAR 650, which can be paid in full at the beginning of the year.

Timely Renewal Is Crucial

Renewing your Iqama in a timely manner is crucial. The renewal process should be initiated at least three days before the document’s expiry date. Failing to renew the Iqama on time can have severe consequences, both for individuals and private companies sponsoring expatriate employees.

Penalties for Late Renewal

If the Iqama is not renewed without a valid reason or reported after its expiration, individuals and private companies will face substantial penalties. In such cases, the fees double, effectively making the cost of renewal SAR 1,300 for the year, instead of the standard SAR 650.

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Conclusion

In Saudi Arabia, the Iqama is a document of significant importance for expatriates, and it comes with a financial obligation. Understanding the Iqama fees and their payment options is crucial for individuals and companies to manage their finances effectively. Moreover, timely renewal of the Iqama is not only a legal requirement but also a practical necessity to avoid costly penalties. Therefore, it is advisable for all residents and employers to stay vigilant and ensure that their Iqama is renewed promptly to maintain their legal status in the Kingdom of Saudi Arabia.