Issuing a residence permit for the general manager or issuing a residence permit for a foreign investor
Iqama Issuance for the General Manager or issuing a residence permit for a foreign investor is the final step, requiring the completion of the Medical Examination and Medical Insurance. Fees include the Work Permit financial levy (SAR 9700 for the General Manager) and Passports fees (SAR 650), ensuring legal status after company formation.
We provide a specialized service to facilitate quick Iqama Issuance for the foreign Investor or General Manager of the establishment. This process necessitates fulfilling the Medical Examination requirements, activating the comprehensive Medical Insurance policy, and paying the Work Permit financial fees (SAR 9700) and Passports fees (SAR 650). Iqama Issuance is vital to enable them to open bank accounts and fully exercise their executive and legal duties after company formation.
- 1. What is the importance of the Medical Examination and Medical Insurance for Iqama Issuance?
Answer: The Medical Examination and Medical Insurance are mandatory requirements by Passports; they are essential conditions for the final Iqama Issuance for the General Manager or Investor in the Kingdom.
- 2. How much is the Work Permit fee for the General Manager before Iqama Issuance?
Answer: The Work Permit fee (financial levy) is SAR 9700 annually for the General Manager only, in addition to the Passports fee (SAR 650) and other associated Iqama Issuance fees.
- 3. Can the General Manager or Investor open a bank account without Iqama Issuance?
Answer: No, a valid Iqama Issuance is a mandatory and primary requirement for personal and commercial bank account opening for the General Manager or Investor to finalize the company formation procedures.