Owning a business does not affect social insurance registration: GOSI clarifies

Saudi Arabia’s General Organization for Social Insurance (GOSI) has clarified the status of social insurance beneficiaries who own a business, addressing whether this affects their registration in the system.

Does owning a business affect social insurance?

GOSI explained that owning a business does not prevent individuals from registering in the social insurance system with another employer, provided there is an employment relationship.

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Does having a commercial registration affect social insurance?

GOSI has also clarified the impact of holding a commercial registration on pension entitlements.

The organization stated that having a commercial registration does not affect eligibility for retirement benefits.

GOSI added that working in a job covered by the social insurance system does not affect pension entitlements under retirement regulations.

Warning to social insurance beneficiaries

GOSI warned beneficiaries against fraud attempts and impersonation of its employees, urging them not to share personal or banking information with unknown individuals or entities.

In a post on its official X account, GOSI emphasized that its employees do not request personal or banking information, including passwords or access codes for the Nafath platform, over the phone.

The organization clarified that all communication with beneficiaries is conducted through its official number, stressing that GOSI staff will never ask for bank account details, personal information, or Nafath access codes.

GOSI urged beneficiaries to remain vigilant and not respond to suspicious requests for information, highlighting the importance of awareness to protect personal and financial data from exploitation.