Saudi Green Card
Most of them want to understand what was the current system how the current system is being introduced with some changes like.
Saudi green card. Rights and benefits of the saudi green card new visa move will allow residents and expatriates to play a more active role in saudi economy updated 22 may 2019. The introduction of the premium residency comes as a part of. A one year saudi green card for sr 100 000 annum.
All the below mentioned required documents must be submitted in english or arabic. The new scheme aims to attract highly skilled and wealthy foreign nationals as well as investors and entrepreneurs. Requirements to apply for the saudi premium residency.
Privileged saudi iqama saudi green card residence permit many people around the world and especially saudi expats living inside the kingdom of saudi arabia are quite excited since they have heard the news of saudi green card launched by the kingdom of saudi arabia. Saudi green card online platform is open for business the scheme will allow expats to do business without a saudi sponsor buy property and sponsor visas for relatives. The new iqama scheme also referred to as the green card system allows expats to invest in saudi arabia without the need for a kafeel local sponsor and offers special privileges including allowing eligible expats to live for a longer period in the kingdom.
The fee for the saudi green card or the special privileged iqama issued for one year has been set at sr 100 000 per annum i e. 26 667 the fee for the permanent saudi green card or the special privileged iqama issued for an indefinite period is sr 800 000. First saudi green card this is obviously a very proud and humbling moment in my life the chairman and managing director of the group that owns the lulu chain of hypermarkets told arab news.
The saudi green card premium residency center begins its services on sunday june 23 2019 by receiving and processing the applications electronically and applying the saudi green card premium residency system issued by royal decree with the approval of the council of ministers headed by the custodian of the two holy mosques king salman bin abdul aziz al saud may allah protect him. The saudi permanent residency scheme is designed to give those who wish to live and invest in saudi arabia a chance to do so without having a saudi investor backing their application. Permanent resident card for a one time payment of sr 800 000.
Because of the requirements and fees it s likely that the scheme will mostly benefit wealthy foreign nationals who have already lived in saudi arabia for some time on.
