RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing a “Visiting Investor” business visit e-visa.
This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030, which aims to attract investors from all over the world.
The aim is also to improve the investment environment, facilitate the launching of businesses, and draw substantial investments that could play a pivotal role in pushing the economy forward.
Ministry of Investment for Integrated Investor Services Undersecretary Mohammed Abahussain said the “Visiting Investor” business visit visa is bound to attract foreign investors to apply for an e-visa.
The booking platform is affiliated with the Ministry of Investment “Invest Saudi,” through which the application will be processed and the visa will be digitally issued by the Ministry of Foreign Affairs.
“The process will take place without any need to consult with the Kingdom’s representative offices abroad to obtain biometrics. The visa can be used for one year and allows multiple entries. Some people can obtain the visa immediately to visit the Kingdom and learn about investment opportunities.” Abahussain added.
According to him, this service is the result of concerted efforts and cooperation with the foreign affairs ministry.
Foreign Ministry Undersecretary for Consular Affairs Ambassador Ali bin Abdulrahman Al Yousef said that this service works toward achieving the goals of the Kingdom’s Vision 2030.
This includes increasing the number of visitors by issuing e-visas for all purposes, including the business visit visa, which is granted to investors and businessmen from all over the world.
The investment ministry in cooperation with the foreign affairs ministry 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.
It also includes individuals who have a valid tourist or commercial visa from US, 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 US, UK or EU countries, those who have valid residency for three months at least in the Gulf Cooperation Council countries, and those licensed by the investment ministry, with three instant visas per year for each facility.