Saudi Arabia Introduces 2 Residency Schemes For Foreign Expats

Saudi Arabia Introduces 2 Residency Schemes For Foreign Expats

On Sunday, Saudi Arabia announced a special residency scheme with similarity to green card rule that applies in other nations.

The new scheme aims at attracting more of skilled and wealthy expats into the country.

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The scheme which was approved by the cabinet last month, became online for public make their application.

The residency scheme comes with 2 types of residencies, a permanent one for 800,000 Saudi riyals ($213,321.96) and a one year but renewable residency for 100,000 Saudi riyals ($26,665.24).

The residency will enable foreign expats to freely move as well as own real estate and undertake business activities in the kingdom.

In the current regime, a Saudi employer has to sponsor the expats and issuance of a re-entry and exit visa is done by them….Read More>>>

Source: goodreturns

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