Middle East: Increase in Insurance Contribution Rates for Bahraini Nationals and Their Employers in GCC Countries
June 28, 2022
The Social Insurance Organization of Bahrain increased the contribution rates of Bahraini employees and employers working in both the public and private sectors of all Gulf Cooperation Council (GCC) countries, excluding the United Arab Emirates. Effectively immediately, public and private sector employer contribution rates increased by 2%, raising the total contribution to 17%. Effective January 2023 until January 2028, employee rates are expected to increase by 1% at the start of every calendar year, bringing the total contribution percentage to 7%. Note that public and private employee contribution rates will remain unchanged until this coming January. The United Arab Emirates’ rates will also remain the same until further notice.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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