Saudi launches residency scheme to boost revenue

Saudi Arabia has launched Premium Residency scheme. The scheme is aimed at boosting investment and non-oil revenues by attracting wealthy expats. The scheme offers a permanent residency for 800,000 riyals and a one-year renewable residency costing 100,000 riyals. The other rights and privileges offered by the scheme are: a) Residence in Saudi Arabia with one’s… Continue reading Saudi launches residency scheme to boost revenue