Before you can begin your company in Saudi Arabia, you need to be legally allowed to live and work in the nation. Securing an investor visa Saudi Arabia enables foreign business owners to open a company, sign contracts and present people in the country without any local Saudi partner.
This economic environment allows for foreign investors to own 100% in their business across most sectors under Saudi Vision 2030. But in order to get your physical abode card, (unlike a US green card) you have to send 1000s of documents to government portals, stamp your papers legally on the portal and adhere strictly to defined ministry regulations.
Here you can learn about different types of visa, important documents, government charges and step wise application rules.
The Kingdom of Saudi Arabia grants more than one type of investor permit. Depending on the resource and business plan, each foreign entrepreneur has three options.
The majority of business owners establish a company via the Ministry of Investment of Saudi Arabia (MISA). The MISA will issue you a business license which then allows your new Saudi company to sponsor your work visa and the Iqama (residence permit) for yourself. Plus, your visa stays valid as long as it is the same company that employs you.
This golden visa is operated by the Premium Residency Centre where an immediate permanent residence will be granted to you. You needed to invest SAR 7,000,000 in a Saudi company and create a minimum of 10 positions for local citizens within the first two years.
And if you don’t run a business but want to live in Saudi Arabia, you can pay a direct government fee. Yearly Option : SAR 100000 / per year Permanent option will be available for a one-time payment of SAR 800000.
You will not get a rejection on the government portals as long as you submit complete and correctly stamped papers. You have to confirm all documents concerning foreign business before you file.
Before you upload your international business documents, they need to be stamped by four relevant authorities:
Any document that has been written in the English language or other tongues needs Arabic translations through an authorized translator suitable in Saudi Arabia.
The procedure to obtain your investor visa status in Saudi Arabia happens in 5 short steps, online
Also, when you set up your business there are both company licensing fees and personal visa fees to take into account.
Fee Description | Collecting Government Body | Estimated Cost (SAR) |
MISA Investment License | Ministry of Investment | SAR 2,000 — SAR 12,000 (First year) |
Commercial Registration (CR) | Ministry of Commerce | SAR 1,200 per year |
Chamber of Commerce Fee | Regional Chamber of Commerce | SAR 2,000 – SAR 10,000 |
Medical Check & Health Insurance | Approved Saudi Health Clinic | SAR 1,500 – SAR 4,000 per person |
Residence Card (Iqama) Fee | Ministry of Interior / Qiwa | 2K – 5K SAR Annually |
Premium Residency (Investor Category) | Premium Residency Centre | SAR 4000 Fee + SAR 7,000,000 capital |
The real cost of your investor visa depends on the business size, the kind of business you operate, and how many family members are accompanying you.
Business rules vary by where you are located and who owns the company.
The MISA investment license is necessary for foreigners wishing to own a share of the company outside the Gulf area. Gulf Cooperation Council (GCC) majority nationals can establish their company directly with the Ministry of Commerce and without necessitating a MISA foreign investment license.
Foreign investors fund their residence card in return for the same reflecting them as its owners having set up new companies. But you also need to know visa requirements for Saudi citizens and hiring rules to carry out your day-to-day business. You will be controlling your staff hiring ratios from the official Qiwa labor portal.
Saudi citizens are not required to have any work permits or visas to launch businesses or work throughout the nation. Under national Saudization laws, you must employ a minimum degree of Saudi workers to remain operational and provide working permits to foreign workers.
Here are the minimum rules you need to respect each Year in order to maintain your investor visa saudi arabia:
In this way, your business continues to grow legally and in a controlled manner in the kingdom of Saudi Arabia.
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