Tamkeen Labor Subsidy: Who Qualifies and What You Get
Learn how businesses in Saudi Arabia can receive partial salary reimbursements for hiring Saudi nationals through this support scheme.
The Tamkeen Labor Subsidy is a program designed to support the growth of businesses by helping to cover a portion of the wages for new Saudi employees.
Who it's for
This scheme is intended for businesses that are actively hiring Saudi nationals to join their workforce. It is designed to help companies manage the costs associated with expanding their team with local talent.
What you get
If you qualify, you can receive a partial reimbursement of the salaries paid to your new Saudi employees. This financial support is meant to assist businesses in managing their payroll expenses as they integrate new staff members into their operations.
What it costs you
To access this support, you must fulfill certain administrative requirements regarding your staff. Specifically, you must ensure that your employees are officially registered in the required social insurance system to validate their employment status. You will also need to provide the necessary documentation to prove their employment and salary details to the issuing body.
The catch to know
It is important to understand that the subsidy is not a flat rate for every person hired. The specific amount of money you receive back depends on two main factors: the specific role the employee holds within your business and the salary bracket they fall into.
How to apply
- Verify that your business meets the necessary eligibility requirements for hiring Saudi nationals under this scheme.
- Ensure all new employees are properly registered in the official social insurance system.
- Access the official portal to manage your subsidy applications and track your reimbursements.