GOSI Subscription: Who Qualifies and What You Get

The GOSI subscription is a mandatory social insurance system designed to provide financial security and long-term protection for the workforce.

👤Who it's for

This scheme is designed to cover all employees working within the Kingdom. It is not limited to a specific group, as it applies to both Saudi nationals and expatriate workers. Whether you are a local citizen or an expat worker, you are included in this social insurance framework to ensure a level of protection for all members of the labor market.

🎁What you get

The primary purpose of this subscription is to provide essential coverage for various life events and workplace risks. Specifically, it provides coverage for work-related injuries, ensuring that employees are protected if they are harmed while performing their professional duties. Additionally, the scheme provides benefits related to retirement, helping to secure a person's financial future once they have completed their working years.

💰What it costs you

Participation in the scheme is not free; it requires a financial commitment from the parties involved. The cost is handled through monthly contributions, which are calculated based on a specific percentage of the individual's salary. This ensures that the amount contributed is proportionate to what the employee earns.

⚠️The catch to know

The most important thing for employers to remember is the strict timeline for registration. If a new employee is not registered within 15 days of their start date, the system triggers heavy fines. It is vital to manage these registrations promptly to avoid these financial penalties.

📝How to apply

1. Confirm the employment status and salary details for the worker.
2. Access the official government portal to begin the registration process.
3. Ensure all worker information is entered accurately to reflect their correct salary.
4. Monitor the monthly contribution requirements to remain in compliance.

For more information, visit https://gosi.gov.sa