how-to-get-the-gosi-certificate
The General Organization for Social Insurance (GOSI) was formed in 1973 in the Kingdom of Saudi Arabia with a view to implement the provisions of the Law of Social Insurance, promulgated under Royal Decree No M/2 of 1969. Its main function is to set and monitor the implementation of mandatory insurance provisions, receive employers’ contributions, and pay out benefits to contributors and their dependents. GOSI is administratively and financially autonomous with a board of directors comprising of eight members. This board has the Minister of Finance who is the Chairman of the board, GOSI Governor, and members of the Ministry of Human Resource and Social Development, finance, and Planning and economic ministries. There is also a board member in the Military Sector, an expert in Financial Services and Risks, and an expert in Mergers, Institutional Structure Design, and Governance.
GOSI requires participation by private and some categories of public sector employees. It is mandatory for all employers having five or more employees to affiliate with GOSI officially. Some key eligibility aspects include: Some key eligibility aspects include:
Some workers in the categories of professions that are exempted from the mandatory coverage may not qualify for GOSI. However, employers can decide to register such staff voluntarily in order to access these benefits.
In order to use the services provided by GOSI and obtain certificates, people must first create an account on the official website of the organization. Here are the steps to complete GOSI online registration in Saudi Arabia: Here are the steps to complete GOSI online registration in Saudi Arabia:
GOSI has varied ways of calculation depending on whether the person is a Saudi Arabian or an expatriate.
Table: GOSI Calculation for Saudi Nationals
| Contributor | Contribution Percentage | Purpose |
|---|---|---|
| Employee | 9% | Pension (annuity) |
| Employer | 9% | Pension (annuity) |
| Employee | 1% | Unemployment insurance |
| Employer | 1% | Unemployment insurance |
| Employer | 2% | Occupational hazards coverage |
The total contributions are 22% of the employee’s basic salary along with the housing allowances. It offers cash investment, pension, and support during the unemployment period.
Table: GOSI Calculation for Expatriates
| Contributor | Contribution Percentage | Purpose |
|---|---|---|
| Employer | 2% | Social insurance coverage |
For expatriates, only the employers are supposed to pay 2% of the basic salary of the employee which ranges from 400 SAR – 45000 SAR towards GOSI. This will again guarantee the safety of the expatriate’s financial well-being in as much as the employer is involved.
A GOSI certificate provides details of employment periods, wages received and social insurance status of an individual. Here are the steps to obtain one:
FAQs
Q1. Is GOSI registration mandatory?
A1: Yes, it is obligatory for establishments with 5+ staff and eligible employees in Saudi Arabia.
Q2. Who qualifies as a dependent under GOSI?
A2: Family dependents are the legal spouse and children below the age of 25 years.
Q3. What documents are required for GOSI registration?
A3: A copy of passport/ Iqama, civil ID such as employment contract, etc an official copy of commercial registration of the company and a tax card of the business among others.
In conclusion, GOSI is a central legal and social institution that supports Saudi Arabia’s vision of improving the social status of its people and making the country’s economy more efficient. Thus, it guarantees that citizens as well as residents of the country are financially secure during these moments of hardship as the authorized insurer. Therefore, through promoting transparency and ensuring that GOSI establishes effective modern online services, it effectively discharges the lucrative responsibility of ensuring adequate protection to the Kingdom’s extensive workforce is enjoyed at all times.
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