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Saudi Green Card System for Expatriates 'very soon'

  •   Sat, Apr 09 2016 05:02:50 PM

Saudi Arabia, Apr 9: Deputy Crown Prince Mohammed bin Salman has stated in an interview with Bloomberg that government is seriously considering launching the Saudi Green Card system for Expatriates which will be similar to the US Green Card System. He further added that this new Saudi Green Card system will replace the current “Kafala System, Sponsorship System”. Expatriates living in Saudi Arabia will be required to pay Zakat and Value Added Tax to the government apart from insurance premiums. They will be allowed to own business and residential properties as well.

Expatriates in Saudi Arabia welcomed the plan. Someone stated that the expatriates living in Saudi Arabia from a long time will be benefited from this Saudi Green Card System. For some expatriates who have lived in Saudi Arabia almost their full life, it is a dream which will come true soon. My uncle, who has been living in Saudi Arabia from last 40 years, considers Saudi Arabia his first home. He does not want to go back to his home country as his loyalty, love and affection relates to this land. Really, credit needs to be given to the King Salman and young leadership of Saudi Arabia Deputy Crown Prince Mohammed bin Salman.

While talking about the recent fall down of oil prices, Deputy Crown Prince Mohammed bin Salman told media how Saudi Arabia is reducing its reliance from oil related products. “We did a quick fix in 2015 which increased our non-oil revenue by 35 per cent,” he said. “This year, we are trying to target over $25 billion. I believe we will succeed in achieving more than $10 billion in non-oil revenue in 2016.” He further added that the Saudi Green Card System for Expats will be a further source of revenue for the Kingdom.

I don’t think expatriates living in Saudi Arabia would mind paying taxes from their hard earned salaries to stay here in Saudi Arabia. I know hundreds of people who want to invest in Saudi Arabia, they have a good amount of capital but they don’t invest as it is illegal. Going for SAGIA license to start a business is not very easy.
  

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Comment on this article

  • SHEIKH HAMED, INDIA

    Mon, Apr 18 2016

    Green card for expat is a excellent move because saudi arabia working conditions are very tough, who so ever adapt in the country,as a asset for the country ,and if they are given permanent residency ,enterprise will grow small medium enterprise will definitely take a boost,as saudi arabia has abundance of natural resources.

    DisAgree Agree [2] Reply Report Abuse

  • Abdullah, Lahore

    Thu, Apr 14 2016

    what about those who born in Saudi Arabia?
    can they get green card?

    DisAgree Agree [4] Reply Report Abuse

  • mrs waheed, Saudi arabia

    Sat, Apr 30 2016

    I think the kids born here should be given green cards.a huge no of expats got big amounts to invest.I would certainly prefer Saudi for investment because of its strong economy and safe environment.this is a big step by Saudi govt and I hope the details unfold pretty soon.

    DisAgree Agree Reply Report Abuse

  • Masood Khan Shalmani, Jeddah

    Mon, Apr 11 2016

    GREAT STEP taken by honorable Saudi Govt. Appreciate it. It is a great news for all expatriates those who are residing here since long-time.

    DisAgree Agree [3] Reply Report Abuse

  • Bikash Saha, Riyadh

    Mon, Apr 11 2016

    I'm really appreciate while I saw this news... It gonna be great for us. Thank you so much Saudi Arabia government.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Charan, Mangaluru

    Sun, Apr 10 2016

    It cannot be compared with US green card just because they named as "Green card" Are they provide green card irrespective of religions? Can green card holders apply for Saudi citizenship once their 5 year completion?

    DisAgree [3] Agree [26] Reply Report Abuse


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