Saudi Arabia has taken a significant step towards attracting foreign investments with the launch of the "Visiting Investor" e-visa. This visa service, introduced by the Ministry of Foreign Affairs in partnership with the Ministry of Investment, streamlines the process for foreign investors to visit the Kingdom and personally assess the various investment prospects it offers.
Applying for the "Visiting Investor" visa has been made simpler and more accessible through the unified national platform for visas, utilizing user-friendly electronic procedures. Interested investors can submit their business visit visa applications online, and the Ministry of Foreign Affairs ensures a swift processing time, issuing the visa instantly. Once approved, the visa will be sent directly to the investor via email, eliminating the need for physical documents and reducing bureaucratic delays.
In its initial phase, the "Visiting Investor" visa service will be available to investors from select countries. However, the Ministry plans to extend this privilege to citizens of other nations in subsequent phases, ensuring a broader reach and inclusivity in attracting foreign investments.
The introduction of this new visa service aligns with the objectives outlined in the Saudi Vision 2030. This ambitious initiative aims to position the Kingdom as a global investment powerhouse, known for its exceptional competitiveness and attractive investment opportunities. By simplifying the visa process for visiting investors, Saudi Arabia is demonstrating its commitment to facilitating foreign investments and fostering a thriving business environment.
