For the first time in history, Saudi Arabia is allowing foreign nationals to work and live in the Kingdom without a sponsor! This is under the new Privilege Iqama System that offers a lot of benefits to highly skilled expatriates and owners of capital funds.
Under the system, two categories are provided to applicants, an extended iqama and temporary iqama subject to renewal.
It is earlier reported that Special Privilege Iqama Law will cost you SR800,000 or $213,333 if you want a permanent or extended residency while you need to pay SR100,000 ($26,666) if you want a one-year temporary iqama that is renewable annually.
Who are eligible for the program?
Applicants must possess scientific or professional skills that are not abundantly available in the Kingdom.
Applicants should be company owners who can invest in the country.
Applicants must be over 21 years old
Applicants must have a valid passport
Applicants must not have a criminal record
Applicant must provide a health report dated within 5 months of application
Applicants must be free from infectious disease
Applicant must have a legal residence permit if he/she is applying within the Kingdom
The Saudi Green Card will give you the following rights;
Right to possess private means of transport or other movable properties that an expat is allowed to acquire under Saudi Law
Right to be employed in the private sector except for occupations and jobs from which non-Saudi nationals are banned.
Right to leave the Kingdom and return
Right to use the queues designated for Saudi nationals when entering and exiting the Kingdom through its ports
Right to do business under the foreign investment system
In spite of the fact that Privileged Iqama holder is not entitled to Saudi citizenship, he will benefit the following;
Residency in Saudi Arabia with your family
Privileged to issue visitor’s visas for relatives
Hire or recruit domestic workers
Possess property for residential, commercial or industrial purposes
The Privileged Iqama can be canceled due to the following;
Providing false information in the application
A conviction for a crime punishable by imprisonment for a period exceeding 60 days and/or a fine exceeding SR100,000, or a judicial decision to deport the holder from the Kingdom.
The special privilege Iqama was first proposed in 2016 by Crown Prince Mohammed bin Salman and a special committee has been given 90 days to determine the regulation.