Saudi Arabia has announced a new golden visa for foreign investors. The Saudi Arabia Visiting Investor visa is available to investors from 60 countries including Australia, China, France, Germany, Russia, South Korea, UK and USA. First of all, this is a visa for those who want to do business in the Kingdom. This status will help simplify the business travel process for foreign investors and international companies.
The application process is through the applicant’s home country as well as the Kingdom of Saudi Arabia. Under the terms of the Saudi Arabia Visiting Investor visa program, there are two options: obtaining permanent residence – requires a minimum bank balance of $213,000 in the bank account. Or a renewable residence permit – requires that your annual account balance is $26,660.
Family members are also eligible to apply along with the main applicant without having to make any additional financial requirements.
This Saudi Arabia Visiting Investor provides a specific entry route for visiting investors, where none was previously available in Saudi Arabia. However, in 2022, Saudi Arabia already launched a visa for businessmen, but for this it was necessary to pay a large fee. And not just to have a designated amount in a bank account.
