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No guarantee for self-sponsorship |
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Sunday, 13 September 2009 10:48 |
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The Ministry of Social Affairs and Labor will not require expatriate workers, who wish to sponsor themselves
, to deposit any amount in local banks as guarantee, reports Al-Shahid daily quoting Undersecretary Mohammad Al-Kandari.
In a press statement Saturday, Al-Kandari clarified the ministry has agreed to allow some expatriate workers in the private sector to sponsor themselves, provided they fulfill certain conditions but they are not required to present any financial guarantee. He pointed out “most expatriate workers totally depend on their monthly salaries, “so how can we ask them to obtain bank warranties”
Al-Kandari revealed Article 19 visa in the private sector will be granted to owners of commercial companies as these companies have contracts and accounts in banks, foreign partners who own 49 percent of the companies, and those with rare fields of specialization who are not required to present contracts of establishing companies or bank statements. He added there is some sort of insurance in the contract signed by a laborer and employer, yet it is not related to the residency itself. “In case any of the parties break stipulations of the contract, the insurance companies will compensate the aggrieved party,” he concluded.
Arabtimes
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