Saudi Arabia offers “green card” residence to qualified foreign professionals, investors

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.

Saudi Arabia offers green card residence to qualified foreign professionals, investors

The story originally appeared in Arab News.

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