Saudi Arabia

Saudi Arabia

Saudi Arabia offers 'green card' residency to foreign skilled professionals and investors

08 May 2019

On 8 May, 2019, Saudi Arabia's Shoura Council approved plans to attract entrepreneurs and investors from overseas with a 'green card'-style residency scheme. Under the new Privileged Iqama system, highly skilled expatriates and owners of capital funds will no longer need a Saudi sponsor or employer. Eligible expatriates must have a valid passport with a credit report, a health report and no criminal record.

Nature of measure:
  • Incentives
Type:
  • Promotion and facilitation (Investment facilitation )
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: