Saudi Arabia streamlines online commercial visas for investors
New mechanism approved upon the directions of the Council of Economic and Development Affairs in order to encourage investment
The Saudi foreign ministry has recently approved the mechanism to facilitate and expedite the measures for online commercial visas.
Visas will be granted according to conditions and terms that allow foreign investors to visit the kingdom and examine investment opportunities and they will be issued within 24 hours of submitting the passport.
The new mechanism was approved upon the directions of the Council of Economic and Development Affairs in order to encourage investment and upon the supervision of the executive committee to improve business performance in the private sector.
Visas have been divided into three categories: commercial visa to visit a facility operating in the kingdom, commercial visit visa for businessmen and commercial visit visa for commercial delegations.
Effective since January 1
According to al-Eqtisadiah daily, the decision to grant commercial visas to businessmen and business delegations has been in effect since January 1. The decision to grant visas to visit commercial facilities in the kingdom will be implemented in the next few days.
Issuing commercial visas to visit facilities is now carried out electronically and there’s no longer a need for a letter to facilitate the relevant authority’s response to it. Validating invitation letters through chambers of commerce has also been cancelled.