SAUDI ARABIA GREEN CARD BENEFITS

SAUDI ARABIA GREEN CARD BENEFITS

SAUDI ARABIA GREEN CARD BENEFITS

SAUDI ARABIA GREEN CARD BENEFITS JEDDAH: The Um Al-Qura newspaper, the official gazette of the Saudi government, has published new information concerning the laws and regulations of the Privileged Iqama, widely known as the Saudi Green Card. if some one want to cancel it Same Conditions like Aqama will be applied.
Following the announcement of the Saudi Cabinet’s permission of the Privileged Iqama residency permit, as previously reported by Arab News, the new information offers a further look at the Privileged Resident Permit (iqama) scheme.
The iqama was first proposed in 2016 by Crown Prince Mohammed bin Salman and was approved by the Cabinet last week. It has happened for the first time allow foreign nationals to work and live in Saudi Arabia without a sponsor.
The scheme will enable expatriates to permanently reside, own property and invest in the Kingdom. An authorized draft of the new Privileged Iqama system offers precise number of benefits to highly skilled expatriates and owners of capital funds that will not require a Saudi sponsor.

A special committee has been given 90 days to determine regulations governing the mechanisms of the scheme, such as fees for applicants, which have not been yet determined by the authorities.
Fahad bin Juma, vice chairman of the Shoura Council Financial Committee said that eligibility for the Saudi Green Card will be determined by a number of bodies headed by the Ministry of Commerce and Investment, as in newspaper.

The Candidate must be over 21 years of age, a valid passport, no criminal record, Candidate must provide a health report dated within 6 months of the application presenting proof that the applicant is free of infectious diseases. If application is given inside the Kingdom, the candidate must obtain a legal resident permit before applying.

Upon approval of the application, according to Article 5, the applicant must pay the fees specified by the designated authorities; the holder will be deemed resident for the purpose of applying other statutory requirements, especially the tax provisions, regardless of how much time he spends outside the Kingdom in the course of the year.
The holder of the Privileged Iqama, will enjoy multiple Saudi Arabia government rights, including residence in Saudi Arabia with his family, the right to issue visitor’s visas for relatives as defined by the MOI regulations, the recruitment of domestic workers, the possession of property for residential, commercial and industrial purposes with the exclusion of Makkah, Madinah and border areas as per the regulations. The holder will also be able to utilize property in Makkah and Madinah for a period not exceeding 99 years.

The Ministries of Justice and Commerce and Investment shall establish the necessary mechanisms to ensure the beneficiary’s access to an instrument of utilization issued by the Notary Public. This right will be enforceable by transfer to others according to the rules set by the committee.
The Privilege Iqama aims to make residents and expatriates an active part of the Saudi economy, promote consumption growth by increasing quality purchasing power and economic activity in various sectors.

The Privileged Iqama can be canceled if the holder did not comply with the obligations stipulated in Article 7 of the law, waivered his residency, and/or passed away or was no longer eligible.
Several matters could lead to the cancelation of the Iqama, such as providing false information in the application, a conviction for a crime punishable by imprisonment for a period more than 60 days and/or fix SR100,000, SR or a judicial decision to deport the holder from the Kingdom.
The cancelation or termination of the Privilege Iqama does not entail the transfer of the rights and benefits, obtained in accordance with Article 2 of the law, to the holder’s family. However, if a family member met the conditions of this law and its regulations, he may apply for the Privileged Iqama.

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