Saudi Arabia Investor Visa Open to All Nations

Saudi Arabia’s Ministry of Foreign Affairs (MOFA) has recently announced an extensive expansion of its "Visiting Investor" scheme. This initiative, which was initially available to 60 nations, is now open to all countries across the globe. This expansion aims to facilitate and encourage investment opportunities within the Kingdom by simplifying the visa application process for international investors.

Key Features of the Visa

The revised business visit visa offers numerous advantages:

• Multiple Entries: Holders of this visa are allowed multiple entries into Saudi Arabia within a one-year validity period.
• Immediate Access: Certain qualifying individuals gain immediate access, enabling them to explore and evaluate investment prospects within the Kingdom firsthand.

Alignment with Vision 2030

This initiative resonates strongly with Saudi Arabia’s ambitious Vision 2030 initiative. By extending the business visit visa to all nations, the Kingdom is reinforcing its commitment to fostering a conducive investment climate and facilitating the establishment of new businesses.

Ministry of Investment’s Message

The Ministry of Investment (MISA) conveyed a compelling message, inviting global investors to explore the diverse and promising sectors within the Kingdom. The strategic geographical location of Saudi Arabia, positioned between three continents, adds an extra dimension to its appeal as an investment destination.

Widened Eligibility Criteria

Collaborating with MOFA, the Ministry of Investment has broadened the eligibility criteria for the instant e-visa. Now, the visa is available to:

• Individuals from countries listed on the "Invest Saudi" platform, encouraging investors from around the world.
• Holders of valid tourist or commercial visas from the United States, United Kingdom, or any Schengen country, provided they have previously visited these nations.
• Permanent residents of the US, UK, or EU countries, as well as individuals with valid residency of at least three months in any GCC country.
• Licensed facilities, eligible for three instant visas per year, encouraging businesses to explore Saudi Arabia’s investment landscape.

Economic Impact

This progressive move is not only expected to enhance the investment climate in the Kingdom but also streamline the process for establishing new enterprises. The attractiveness of these opportunities is anticipated to draw substantial investments, contributing significantly to the Kingdom's economic growth.

Application Process

The Undersecretary of the Ministry of Investment emphasized that applying for the "Visiting Investor" business visit visa will be facilitated through the Ministry of Investment’s affiliated platform, "Invest Saudi." Subsequently, the Ministry of Foreign Affairs will digitally issue the visa, ensuring a streamlined and efficient process.

E-Tourist Visa Expansion

In addition to the expansion of the business visit visa, Saudi Arabia has broadened its e-tourist visa program, extending it to citizens of six more countries. This expansion to include Türkiye, Thailand, Mauritius, Seychelles, Panama, and Saint Kitts and Nevis aligns with the Kingdom’s efforts to promote tourism and strengthen international ties.

These strategic initiatives collectively underscore Saudi Arabia's commitment to becoming an attractive destination for both investors and tourists. The Kingdom's efforts not only signal openness to global engagement but also highlight its proactive approach to economic diversification and growth.