Updated November 2023
Saudi Arabia has recently gained considerable attention from global investors due to its abundant natural resources, strategic geographic location, and ambitious vision for the future. In line with this, the kingdom has introduced a new visa category tailored specifically for foreign investors seeking to explore opportunities across various sectors of the economy.
While details are still limited, here is a summary of what we currently know about the Saudi visiting investor visa.
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Saudi visiting investor visa
In order to promote foreign investment and stimulate economic growth, the Saudi government has introduced an electronic visa specifically designed for visiting investors. This new visa category, developed in collaboration between the Ministry of Foreign Affairs and the Ministry of Investment, aims to facilitate business exploration in various sectors within the kingdom.
Eligibility of countries can be verified on the ‘Invest in Saudi Arabia‘ platform provided by the Saudi Ministry of Investment. In a general context, individuals who are permanent residents and hold a valid tourist or business visa from the United States, the United Kingdom, or any of the Schengen Agreement countries, and have used that visa at least once, are eligible for the Saudi visiting investor visa.
Furthermore, individuals with valid residency in a GCC (Gulf Cooperation Council) country for a minimum of three months and have obtained a Ministry of Investment license to acquire three immediate visas per year for each establishment are also eligible for the new e-visas.
Please note that this visa program is still in its early stages, and as a result, there is limited information available online. We will continue to update this article as new information becomes available.
Saudi visiting investor visa application process
Not much information is currently available on the exact steps and requirements for this visa service. However, the Ministry of Foreign Affairs has stated that the visa can be obtained by applying for a business visit visa through the unified national platform for visas. The process is expected to be accessible and simplified with electronic procedures.
According to the ministry, the application will be processed, and once approved, the visa will be issued instantly and sent to the investor via email. This means that applicants can apply for and receive their visas from anywhere in the world without the need for physical visits or extensive paperwork. As more details become available, we will provide updates regarding the application process and requirements.
Saudi visiting investor visa requirements
To get the Visiting Investor Visa, an online application must be made through the Unified National Platform for visas, which has been designed to make applications efficient and user-friendly, with simplified electronic procedures. Applicants can submit their applications from anywhere in the world without the need for an in-person visit or hard-copy paperwork.
Once the application is submitted, it’s processed instantaneously, and the visa is issued straight away. The issued visa is then sent directly to the investor’s email, meaning you could theoretically receive your visa just minutes after applying.
Applicants are advised to have the following documents when applying online:
- Original passport with a validity of six months and at least two successive empty visa pages.
- Health insurance
- A bank card to make a visa payment
For US citizens, the following supporting documentation should be provided:
- Employment verification letter by the applicant’s US employer addressed to the Embassy of the Kingdom of Saudi Arabia in Washington, D.C., confirming the applicant’s position and citing “business” as the purpose of travel on behalf of the company
- Copy of the company’s business registration in Saudi Arabia and in the US
Please note: additional documents may be requested if needed.
Saudi visiting investor visa validity and cost
Saudi visiting investor visa will grant its holders to stay up to 90 days without a sponsor. Currently, there is no available information regarding the associated costs. We will update this article as soon as details regarding the cost of the visiting investor visa become available.
Saudi visiting investor visa for Umrah
The Saudi Arabian government has announced that eligible foreign investors now have the option to apply for either a single-entry or multiple-entry eVisa. Additionally, they are permitted to engage in Umrah activities, except during the Hajj season.