Saudi Arabia offers “green card” residence to qualified foreign professionals, investors
In an attempt to attract qualified foreign professionals and investors, Saudi Arabia has abolished the decades-old Kafala system, under which the migrant status of a migrant worker is legally linked to an individual employer or sponsor (kafeel) during the period of the contract.
The kingdom’s Shoura Council approved a “green card” type of residence scheme on Wednesday, Arab News reported.
The authorized draft of the new Privileged Iqama system will offer a series of benefits to highly qualified expatriates and owners of capital funds. Unlike the existing iqama system, these residents do not require a Saudi employer or sponsor.
he came back; and the use of designated queues at airports.
Under the system, which requires a guarantee of specific rates, there are two categories: an extended and a temporary iqama.
Eligible expats must have a valid passport with a credit report, a health report and no criminal record.
The story originally appeared in Arab News.