The extension of small businesses' exemption from financial compensation for a three-year period was authorized by the Council of Ministers.

Today, Tuesday, the Council of Ministers agreed to extend the exemption of small establishments with a total of nine workers or less, including the owner, from paying the financial compensation, for a period of (three) years.

The Ministry of Human Resources and Social Development explained that the implementation of the decision will be as follows:

1- Exemption for “2” expatriates working in the establishment if its owner is full-time working there and is registered with Social Insurance.

2- Exemption for "4" expatriates working in the establishment if its owner is full-time to work in it and registered in the social insurance, in addition to if at least one of its employees (other than the owner) is a Saudi national and full-time to work in it and registered in the social insurance. The maximum that can be exempted is "4" expatriates only.

Finally, the decision aims to support the growth of small enterprises and ensure their continuity in the labor market.