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HomeNewsImmigrationImmigration News: Saudi Arabia opens Visiting Investor Scheme to all countries; demand for Canada’s Parents/Grandparents program exceeds target

Immigration News: Saudi Arabia opens Visiting Investor Scheme to all countries; demand for Canada’s Parents/Grandparents program exceeds target

November 26, 2023 / 12:52 IST
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Saudi Arabia’s ministries of investment and of foreign affairs has launched the second phase of issuing a Visiting Investor business visit e-visa. (Photo Artur Aldyrkhanov via Unsplash)

Saudi Arabia’s ministries of investment and of foreign affairs has launched the second phase of issuing a Visiting Investor business visit e-visa, to include the rest of world countries. In the first phase, the scheme covered only 60 countries.

The e-visa offer allows multiple entries and remains valid for up to one year. Certain beneficiaries may even gain immediate access, allowing them to explore investment opportunities within the Kingdom firsthand, according to a statement by the Ministry of Investment for Integrated Investor Services.

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The Ministry of Investment, in cooperation with the Ministry of Foreign Affairs, has expanded the category of people who could benefit from the instant e-visa to include countries listed in the Ministry of Investment’s ‘Invest Saudi’ platform, and individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country and who accessed at least once the countries where the visa is valid.

Also benefiting from the instant e-visa are individuals who have permanent residency in the US, the UK or European Union (EU) countries, those who have valid residency for three months at least in the Gulf Cooperation Council (GCC) countries, and those licensed by the Ministry of Investment, with three instant visas per year for each facility.