Hello friends,
Nice to be a part of the community. I hope you can help! Me and my friend have been working in company A in Kuwait which was under the ownership of a Kuwaiti national. I have served 4 years and my friend finished 5 years. But since last 4 years my visa was being issued under company B and my friends visa under company A. Now the owner and management has changed and our visa expires soon. The management is planning to change my visa to company A and my friends visa to company B (they are exchanging our owner and company)
1. By doing this what benefits do the company gain on us? Or what benefits do we lose like Indemnity?
2. If we want to leave the company, what are the procedures we need to follow according to Kuwait law, once we get a new owner/company after the visa renewal