As part of a larger plan to draw in foreign direct investment, the Saudi Arabian government has started the second phase of its electronic business visit visa program, often known as “visiting investor” e-visas. This program is in line with Saudi Arabia’s Vision 2030, a plan for economic change that aims to diversify the nation’s economy, pull in large investments, improve the investment climate, and lure in foreign investors.
For international investors, the “visiting investor” e-visa is intended to simplify the application procedure. The Undersecretary for the Ministry of Investment, Mohammed Abahussain, emphasized that this procedure does away with the requirement for face-to-face meetings with Saudi envoys overseas in order to acquire biometrics. The e-visa is meant to facilitate investor access to Saudi Arabia and is good for multiple entries over the course of a year.
Read More: Saudi Arabia to Offer Visa Facility for Pakistani IT Companies
Furthermore, those with valid tourist or business visas from the US, the UK, or any other Schengen nation who have already traveled to any of these countries are now eligible for the immediate e-visa, according to an expansion of the ministries’ qualifying criteria. The e-visa program is also available to citizens of the United States, the United Kingdom, and other EU countries, as well as those who have been lawfully residing in any GCC nation for at least three months.
In an effort to support tourism and economic diversification, the Saudi Arabian Ministry of Tourism has concurrently opened up its electronic tourist visa program to citizens of other nations. In an effort to improve its standing in the international economy, Saudi Arabia is demonstrating by these achievements its dedication to fostering an atmosphere that is more hospitable to foreign talent, investors, travelers, and visitors.
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