Study to stop expatriates from remitting more than their monthly salary
Governmental authorities are studying the possibility of issuing a decision to instruct money exchange bureaus in the country to prevent expatriates from remitting more than their monthly salary in one month, reports Al-Qabas daily quoting informed sources.
They explained, “For example, if an expatriate’s monthly salary is KD 600, he will not be able to remit more than KD 600 to his country in one month”.
The sources clarified that the expatriates remit about 6.9 percent of the country’s total revenues, which however has a direct impact on the country’s economy. Moreover, it has been observed that the remittances have been increasing lately.
Source : Arabtimes
Kuwait News
- Events in Kuwait
- Residence transfer of children (dependent visa) to mothers allowed
- No new intimation for visa extension
- A Kuwaiti woman fears for lives of daughter and son
- Validity of PCR test certificate for incoming passengers increased to 96 hrs instead of 72 hrs
- 688 new cases of infection and 506 recovered from coronavirus
- Teachers have no rights to give assignments for students after school hours
- Intensive campaign to arrest 120,000 illegal expats postponed
- Allowing restricted group of stranded expats returning with prior approval
- 35,000 Indians leaving Kuwait in two weeks
- No dependent visa for expats above 18, unless pursuing further studies
- Ban on academic qualification amendment for expat over 50
- Visit visas transfer to dependent (family) visa not allowed
- Maids exempted in all demographic quotas
- No work permit, transfer or renewal of residence for 60 yrs of age and above
- New residency rules for expat employees aged 60 and above
- Tailoring shops and workshops – Fourth phase precautionary measures
- Public transport – Fourth phase precautionary measures
- Restaurants and cafes – Fourth phase precautionary measures
- Partial distribution of Civil IDs
- No work permit for 60 yrs and above without graduation degree
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
