Instalment Arrangement for GOSI Debts
We offer Instalment Arrangement for GOSI Debts to assist Companies in settling their financial obligations post-company formation. We ensure the preparation and submission of the instalment request to GOSI, avoiding the suspension of government services and legally continuing employee management.
Our service allows indebted Companies and Establishments to arrange Instalment Arrangement for GOSI Debts according to the GOSI terms. We prepare required documents and submit the request, guaranteeing no suspension of government services related to the Work Permit or Iqama issuance, and maintaining the establishment's ability to efficiently and compliantly perform employee management after company formation.
Target Group
All Companies and Establishments with outstanding amounts owed to GOSI (General Organization for Social Insurance) who wish to arrange Instalment Arrangement for GOSI Debts to avoid penalties.
Service Channels
Via the GOSI electronic portal, where the request for Instalment Arrangement for GOSI Debts is submitted, the establishment's financial capability is assessed, and the electronic agreement is then signed.
Language Provided
The procedures for Instalment Arrangement for GOSI Debts are explained in both Arabic and English, ensuring the General Manager and Investor understand the debt settlement mechanism with GOSI to maintain government services.
1. Avoid the suspension of government services related to the Work Permit and Iqama issuance, by arranging Instalment Arrangement for GOSI Debts and documenting the payment plan after company formation.
2. Relieve the financial burden on Companies and Establishments, by structuring the outstanding GOSI debts according to a suitable timeline for the operational budget effectively.
3. Ensure continuous compliance with GOSI requirements, and maintain the establishment's ability to perform employee management legally and efficiently after arranging Instalment Arrangement for GOSI Debts.
1. Analyze the establishment's financial situation and prepare the Instalment Arrangement for GOSI Debts request with high professionalism, to increase the chance of GOSI approval.
2. Follow up on the instalment request with GOSI, resolving any inquiries or complications, and working to temporarily activate government services until the agreement is finalized.
3. Provide consulting on employee management and their correct registration with GOSI to avoid the accumulation of new debts after company formation.
- 1. What are the conditions for Instalment Arrangement for GOSI Debts?
Answer: GOSI requires the provision of financial guarantees (e.g., a promissory note) and the establishment's ability to commit to payment, to approve the Instalment Arrangement for GOSI Debts.
- 2. What are the consequences of not settling GOSI debts?
Answer: Failure to pay leads to the suspension of government services, preventing the establishment from Iqama issuance or Work Permit renewal, affecting its ability to perform employee management.
- 3. Does Instalment Arrangement for GOSI Debts include penalties?
Answer: Yes, the request for Instalment Arrangement for GOSI Debts usually includes both the principal amounts and the resulting penalties, and the total amount is settled with GOSI.