Learn about Green Card in Saudi Arabia it's Benefits etc

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Learn about Saudi Green Card, Green Card 2017 in Saudi Arabia, Benefits of Green Card in KSA. Here we are with latest new of green card in KSA. Due to low oil price Saudi Arabia is trying to generate revenue from other alternative sources. Saudi Arabia announcing is now planning to issue a green card to expatriate a type of resident permit which means permanent resident to foreign workers. Recommended: Submit Dependent Iqama in 30 Days
Green Card KSA
Green Card KSA
The news statement was released by deputy crown prince Mohammed bin Salman during an interview with Bloomberg. Charging a fee to hire foreign workers while Saudi Arabia Green Card will be the same similar system such as US green card

Benefit of Green card to Saudi Arabia

KSA will be benefited from this plan by getting payment in different modes like yearly zakat payment and other value added taxes from GC holders. Dubai already planned this to allow expats owning the properties.

Same will be happening in Saudi Arabia where the foreigner will be able to own the required property including commercial and industrial. These activities will bring more money other countries and investors. Most expatriates appreciated this plan and investors are preparing to plan for investment in Saudi Arabia. Recommendations: Family Fee Payment Iqama Renewal and Exit

The plan is to generate and boost from nonoil revenue. And initially, it is planned to generate 10 Billion from the green care-like program. The total initial plan for 2020 the max generate revenue plan from non-oil is 100 Billion per year while this value would most likely to increase by adding more plans in near future.

Overview from Foreigner and investors

Most stated they almost spend their half-life in Saudi Arabia and they are unable to invest because at the end they will be deported with final exit stamp to their home country and they don’t see any future life for their offspring. All expatriates are glad for the Green card plan hosting by KSA government which will extend the deserving privilege to them.

And mostly stated that unbelievable dream comes true to settle their life in Saudi Arabia. Thinking to spend their whole life here with the addition that their children born, studied and grew up in KSA will leave to their home country at the end. For You: Family Dependent Cost Per Year in KSA

Holding a GC will give confidence and opportunity to spend more money and mostly as Muslim expats love to stay in Saudi due to holy cities Makkah and Madina. And even most likely people love to die and buried here.

For most of the expatriate, it is a game-changing plan and will boost and develop the economy of Saudi Arabia due to holding a Green card with no fear to invest as much as they can. While most of them are ready to sell their property in other countries and invest in KSA.

When the Green Card will be introduced Release Date

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced in the cabinet meeting to reform Vision 2030 plans and announced that KSA will introduce a “Green Card” planning & System in near five years. Which will allow more rights to a resident in order to create investment climate in the Kingdom? There is will no plan change even if oil price revert back to old position while still the implementation of GC will be processed.

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HowGear: Learn about Green Card in Saudi Arabia it's Benefits etc
Learn about Green Card in Saudi Arabia it's Benefits etc
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