Saudi ‘green card’ online platform is open for business

Saudi Arabia on Sunday launched a new special residency scheme aimed at boosting investment and non-oil revenues. (Shutterstock)
Updated 24 June 2019

Saudi ‘green card’ online platform is open for business

  • The scheme will allow expats to do business without a Saudi sponsor, buy property and sponsor visas for relatives
  • Approved by the Saudi cabinet last month, but the portal began accepting applications on Sunday

RIYADH: Saudi Arabia's Premium Residency scheme took effect on Sunday, three years after Crown Prince Mohammed bin Salman announced the program as part of the Kingdom’s Vision 2030 reform plan.

The crown prince stressed in an interview with Al Arabia TV that the new system will not undermine citizens’ rights, rather it will serve their interests. 

He affirmed that the Premium Residency will be an important source of revenues to boost the Saudi economy and will contribute to the creation of jobs for the public.

On Sunday, the Premium Residency Center began receiving applications for the new residency system through the electronic platform SAPRC (saprc.gov.sa).

 

RIGHTS AND BENEFITS

The Permanent Premium Residency costs SR800,000 ($213,000) paid once, while the Premium Residency costs SR100,000 annually.

Rights and privileges:

• Residence in the Kingdom with one’s family.

• Visit visas for relatives.

• Recruitment of domestic workers from abroad.

• Ownership of real estate for residential, commercial and industrial purposes, in areas other than the cities of Makkah and Madinah and border areas.

• Usufruct rights on real estate in Makkah and Madinah for a period not exceeding 99 years.

• Ownership of private means of transportation and other movables.

• Working at private establishments with the ability to change jobs; this shall extend to family members. Professions and jobs limited to Saudis shall be excluded.

• Exiting and entering the Kingdom at one’s own accord.

• Use of lanes designated for Saudis at the Kingdom’s exit and entry points.

• Engagement in business activities in accordance with the Foreign Investment Law.

On the platform, applicants can upload all the required documents and pay the necessary fees. The platform also provides an introduction to the system and the center, which offers two types of Saudi Premium Residency: Permanent Premium Residency with a one-time payment for life, and Premium Residency with a yearly financial fee and many privileges.

The initiative, approved last month by the Cabinet under King Salman’s chairmanship, gives those who wish to reside or invest in Saudi Arabia an attractive investment environment that will achieve economic growth and development.

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READ MORE

Saudi cabinet approves new expatriate residency scheme

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

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The center is a financially and administratively independent entity associated with the Council of Economic and Development Affairs, which cooperates with government sectors to provide comprehensive services for those with Saudi Premium Residency and those wishing to obtain it.

The Permanent Premium Residency costs SR800,000 ($213,000) paid once, while the Premium Residency costs SR100,000 annually. 

The Premium Residency is different from the Investor Residency in that the holder of the former is not associated with a sponsor, while the holder of the latter must have an investment establishment as a sponsor. 

Analysts say the program will largely benefit wealthy individuals who have lived in Saudi Arabia for years without permanent residency or multinational companies seeking to do long-term business in the Kingdom.

Saudi Arabia is currently home to some 10 million overseas workers.

Expat workers are typically sponsored by a Saudi employer and are required to get visas to exit and enter the Kingdom.

 


‘American Sharqawia’: US Consul General Rachna Korhonen bids Saudi Arabia farewell

Updated 09 July 2020

‘American Sharqawia’: US Consul General Rachna Korhonen bids Saudi Arabia farewell

  • "There’s some magic in the water of the desert," says Korhonen

JEDDAH: As she reaches the end of her second mission in the Kingdom of Saudi Arabia, US Consul General Rachna Korhonen will soon be heading home, taking memories to last a lifetime.
Known for her love for culture and the Arabic language and for her vast knowledge of the region, Korhonen became well known as a constant supporter of Saudi women and youth in the region, participating in numerous cultural and social events in the Eastern Province and across the Kingdom.
After two more weeks in the Kingdom, Korhonen will return to the US capital to serve as the executive director of the Bureau of Near East Affairs (NEA) and the Bureau of South Central Asian Affairs (SCA) at the US State Department which supports the posts in the region, including Saudi Arabia, thus continuing her connection with the Kingdom.
With 14 years of experience as a US diplomat, she served 3 years in Riyadh in 2010, and then came back to serve as the consul general in Dhahran in August 2017. “I would say Riyadh was the start of my relationship with Saudi Arabia, and Dhahran and the Eastern Province is the culmination of the relationship,” said Korhonen told Arab News on a video call. She almost feels herself Sharqawia, a resident of the Eastern Province, Sharqia.
“Ana Sharqawia (‘I am a Sharqawia). The measure of any place is the people, it’s not about the place, it’s really about the people.”
As consul general, her role was to build relations and promote the interests of her home in the country where she was posted. Korhonen went the extra mile, she joined in the region’s celebrations and understood its traditions and culture.


Recalling her time in the Eastern Province, she said: “I’ve been getting to know Sharqawis, the people who live and work here, who have made this their home in the years since Aramco started or were born in Al-Ahsa. I think anyone who comes to the Eastern Province falls in love,” she said.
“The biggest reason I’ve gotten to enjoy myself here is (because) it has quite a bit of America here. I think it’s difficult to realize how much America exists in Saudi Arabia until you come to the Eastern Province,” she added.
As the drilling for oil began in 1935 with the help of the California Arabian Standard Oil Company (CASOC), which later became Saudi Aramco, Saudi Arabia’s oil capital has been home to thousands of Americans over the past 85 years, who have had a major influence on the region.
“Aramco is definitely a reminder of home, and you put that in with the people, the hospitality, the normal way of being Saudi which is to welcome your guests no matter who they are. You put those things together, you get the best of the United States and you get the best of Saudi Arabia.”
A native of New Jersey and big baseball fan, her love for the game didn’t stop her from supporting the Al-Ettifaq Football Club in Dammam, attending matches and singing their anthem.
Her trips to Al-Ahsa, a place she calls the most beautiful place in the Kingdom, allowed her to discover the region’s vast experiences.
Her appreciation of Al-Ahsa goes deep. Both the scenery and the hospitality of the people make it her favorite city — she even took Ambassador John Abizaid on a trip there in February.
“As you drive towards Al-Ahsa, you can see the sand changing color, from a bright yellow to a reddish color,” she said. “You start seeing the desert turning green, which is amazing to me. I’m a mountain and forest type of person and I can tell you that I now like the desert too, it’s beautiful.”
The uniqueness of Al-Ahsa called out to Korhonen and she recalls her first visit to the region in 2017. “The history, the people, the food, the culture, is very different from any place I’ve been to in Saudi Arabia, Hasawis (people of Al-Ahsa) are lovely. I think there’s some magic in the water of the desert,” she said.
Korhonen developed an interest in regional cultural events, visiting local markets picking out sheep for Eid, learning about the Saudi love for falconry and participating in the traditional celebratory dance of Al-Arda. She even has a Diwaniya, a parlor where guests are received, at her home.

When she returned to the Kingdom in 2017, Korhonen noticed the transformation of the Kingdom, noting that Vision 2030 has been the instigator for this noticeable change.
“The changes have been tremendous, I think Vision2030 is really going to really bring Saudi Arabia onto the world stage. I think some parts are already there. In the energy sector, Saudi Arabia has always been a leader,” she said. “I’m betting you right now that you’re going to see Saudi women, you’re going to see Saudi men, you’re going to see Saudi kids, Saudi art, culture and music, the traditional Saudi things, all starting to show up on the world stage.”
As the Kingdom heads towards diversifying its economy, Korhonen anticipates that the world will begin seeing more Saudi entrepreneurs with innovative ventures, as education is key. She noted that with the continuous flow of Saudi students on scholarships in the US, their return to the Kingdom will help bring forth a new business-like mindset with partnerships between the two countries that will help the Kingdom’s economy to flourish.
“It’s coming,” she noted. “I’ve seen some of the (US) businesses here, but I haven’t seen enough yet and I’d like to see more of that in the next 2-5 years, because Vision 2030 will be a success if we can get entrepreneurs to start businesses and hire more Saudis,” she added. “That to me is the key and that is what you should be bringing back from the US.”
As the end of her mission draws near, it's safe to say that we'll be seeing Korhonen back in the Kingdom in the near future.
“I’ll honestly come back because of the people, because of the friendships I’ve made here.”