Saudi Arabia is a country that always attracts the world for various reasons. And when it comes to the investors and entrepreneurs, Saudi Arabia is always a dreamland. And when it comes to the investors and the entrepreneurs, there is a happy news that the government of the Kingdom of Saudi Arabia has introduced new visa for investors and entrepreneurs. And what we are going to discuss in detail today is nothing but all what you need to know about the newly introduced visas by Saudi Arabia for the investors and the entrepreneurs.

How many visas introduced by Saudi Arabia for business people?

As you might have already heard, Saudi Arabia has launched five new visas to attract the skilled professionals and investors. As you know Saudi Arabia is the biggest economy in the Arab world. And what the country is aiming now is to strengthen their position as the global center for business. And it becomes an opportunity for various business persons around the world.

What are the benefits provided by the newly introduced visas?

Well, these newly introduced special visas are so good that they offer a wide range of benefits to holders, including the ability to conduct business, own real estate, obtain work permits for holders and family members, and many more advantages of this kind. However, as of now we just can’t give details of the length of new special visas nor the cost investors and entrepreneurs will have to pay to obtain them.

What the nation aims at?

The Kingdom of Saudi Arabia, one of the biggest oil producers in the world is actually aiming at diversifying its economy. And the nation is exactly aiming at creating an economy that is free from its dependency on oil. So the nation is doing all what is needed in order to expand its industrial base, creating jobs, boosting knowledge exchange and increasing foreign direct investments and so on. It all comes under the nation’s vision 2030.

New Openings

The Kingdom of Saudi Arabia is opening up several sectors for public and private partnerships and has introduced several schemes. The schemes will include dedicated industry free zones and tax rebates. All these are to attract new talents and investors to the Kingdom. And it will be the right time for bright minds to embrace these wonderful opportunities. The nation has also introduced regulation for foreign companies to set up regional headquarters in the Kingdom to support the country’s non oil economy. Saudi Arabia is actually hoping to have 480 global companies to establish their headquarters in the nation by 2030. And it is truly a big dream that has to come true.

The Various Residencies

The special talent residency is catering to executives and professionals who are specialized in healthcare, science and research. It aims at attracting individuals with unique skills and experiences who can contribute to knowledge and technology transfers. Therefore the visa will be introduced for these people soon.

The investor residency is completely designed for investors and the entrepreneur residency is for the aspiring entrepreneurs and owners of innovative projects, looking forward to set up their start ups in the Kingdom.

The real estate owners visa is fully designed for individuals looking to benefit from the country’s fast growing real estate market.

As we have been discussing for a while now, the doors to all premium residency products are open for all those who can add value to the national economy and to participate energetically in the nation’s vision 2030. And if you are a talented individual in any of these sectors, the Kingdom of Saudi Arabia is awaiting for you with an ocean full of opportunities.

If you have any queries/clarifications regarding any of these topics, you may feel free to reach out to us in FIMKIN. Our team of experts always ready and willing to extend their hands in help for you.