It’s no secret that Saudi Arabia is a land of opportunities for those who are looking to grow. With ample work, great culture, and an overall enriching experience, people are often looking for ways they can stay in the kingdom and work. So for them, there is a five-year residency programme that does not require a local sponsor called Kafeel. Here’s all you need to know about the visa, which aims to attract international talent and investment.
Saudi Arabia’s Five-Year Residency Programme
As a part of the Kingdom’s Vision 2030 framework, the Kingdom of Saudi Arabia has a five-year residency program This program does not require a local sponsor, called Kafeel, and can also be renewed once for an additional five years after paying a nominal fee. As revealed in a report by Scene Now Saudi, this new program targets investors, high-income individuals, professionals, and scientists.
It’s worth mentioning that the scheme has been designed for high-skilled individuals and professionals with rare expertise or high income. Offering a range of benefits, these include everything from the ability to work in the private sector and established businesses to investing in real estate and accessing healthcare and education services that are generally reserved for Saudi citizens. Moreover, the residency holders can also travel freely in and out of the country while also issuing visas for their family members.
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What About Eligibility?
Coming to the eligibility, applicants should be residents of Saudi Arabia. They have to demonstrate financial self-sufficiency while maintaining a clean criminal, financial, and traffic record. Not to mention, they’re also expected to contribute significantly to the economic or scientific sectors of the kingdom. At this point, it’s worth mentioning that this initiative aligns with Saudi Arabia’s ambition to diversify its economy. Not to mention, it also aligned with the ambition to build a more knowledge-based society.
So, if you are someone who is planning to stay in Saudi Arabia, and work there, then you might want to check if you are eligible for this visa.
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