Saudi Arabia Expands Investor Visa Access Worldwide with Online Application
Saudi Arabia has significantly enhanced its Investor Visa program, making it accessible to investors worldwide through an online application process. This major development is part of the second phase of the pioneering "Investor Visitor" e-visa service, expanding its reach from approximately 60 countries to every nation globally.
International investors can now apply for the "Investor Visitor" e-visa without the need to physically visit a Saudi embassy. This user-friendly online platform offers not only convenience but also flexibility, allowing multiple entries and a validity period of up to one year.
Lucky applicants can gain immediate access to a wealth of investment opportunities within the Kingdom, aligning with Saudi Arabia's Vision 2030 initiative, which focuses on creating a thriving investment environment and facilitating business activities.
The Ministry of Investment of Saudi Arabia has streamlined the application process, empowering international prospects and employees of foreign entities. Mohammed Abahussain, Deputy of Integrated Investors Services at the Ministry of Investment, stated that the platform will handle the entire application process and digitally issue authorizations, eliminating the need for physical visits to Saudi missions abroad for biometric data collection.
Extending eligibility requirements
This expansion includes individuals from countries listed on the "Invest in Saudi Arabia" platform and those with valid tourist or business visas from the United States, the United Kingdom, or Schengen countries. Individuals with permanent residency in the US, the UK, or EU countries can also take advantage of this service. Additionally, individuals with valid residency for a minimum of three months in Gulf Cooperation Council countries and entities licensed by the Ministry of Investment are eligible for three immediate visas per year.
Saudi Arabia's transition to digitize its visa application process underscores its commitment to economic growth and international cooperation, paving the way for a more prosperous and interconnected future for the Kingdom and its global partners.
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