No sponsor? No problem: Saudi Shoura Council approves new ‘green card’ residency

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Wed, 2019-05-08 16:29

JEDDAH: Saudi Arabia’s Shoura Council on Wednesday approved plans to attract entrepreneurs and investors from overseas with a “green card”-style residency scheme.

The authorized draft of the new Privileged Iqama system will offer a raft of benefits to highly skilled expatriates and owners of capital funds. Unlike the existing iqama system, such residents would not require a Saudi sponsor or employer.