Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
Moving Out Of Country Without Paying Bank Loan
I am requesting an expert opinion on the following matter. I am working in a private company and this is my second company where I had completed almost six years.
Currently my residence is on my company visa while I came to Kuwait on project visa 9 years ago. I have a bank loan from NBK and I am remitting the EMI for last one year without any dues. Now my company terminated me due to client contract issue. But fortunately I got another job and the new company doesn’t have any project visa quota, only company visa quota available. The new company agreed that they would provide me visa from India.
My question is that:
1. Can I move out of the country without paying the whole loan amount? (There is no EOS because it was paid to me by the current company a few months ago). Can I show that bank the offer letter and agreement from my new company?
2. Is it possible to transfer my current visa (company visa) to new company visa. (Initially I came to Kuwait on project visa 9 years ago) Expecting your immediate reply on the above matter with high priority as my last working day is Nov. 30.
Name withheld
Answer: Before cancelling your residence and leaving Kuwait, you are supposed to settle all your contractual obligations with other parties and you will face a problem at the point of exit if you don’t do that. To forestall this, you need to meet your bankers to explain your particular situation to them and we believe a solution could be found to the mutual benefit of the two parties. As to whether you can transfer your current visa (company) to another company visa we believe that is possible since your current company visa was acquired as a result of transfer from a project visa. Having said the proceeding, we will advise that you brace yourself for any possibility since sometimes different officers give conflicting interpretation to the same law. In this perspective, one officer could say that since you initially entered Kuwait on project visa you can only transfer your current visa back to a project visa and not to another company visa as might be interpreted by a different officer.
Â
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment