Saudi Arabia started Sunday receiving the requests from foreigners who asks to join the special residency system through the online gate 'saprk' saprc.gov.sa.
"The Special Residency center aim to serve all foreigners who want receive a special stay in Saudi Arabia via online gate 'saprk'," the Saudi Press Agency reported.
"Theclient can upload all his official papers and he also can pay online,"
Thespecial residency system provides two kinds of stay in Saudi Arabia, the firstis Permanent residence once paid for life and the second is the specificaccommodation with an annual fees.
Earlylast May, the Saudi Shura Council approved the special residency system for theforeign rich, wealthy, and businessmen to become an alternative to thesponsorship system applied in most of the Gulf Arab countries.
Thespecial residency system was approved by the Saudi Shura council on May 8th asSaudi Arabia is moving to cancel the sponsorship system at a rapid pace.
Thespecial residency system, approved by 76 members of Saudi Shura Council, alsobenefits the Saudi economy, eliminate some aspects of commercial concealment,and stimulate business activity, especially as the system requires thefinancial solvency of the applicant to benefit from the special residency.
Theresidency program grants the resident many privileges such as accommodationwith family, visiting visas for relatives, owning property and vehicles,working in private sector establishments and moving from one to another, freelyleaving and returning to Saudi Arabia, using the corridors for Saudis, andpracticing trade.
SaudiArabia has established a center called the special residency center, which isspecialized in this kind of accommodation.
Thesystem of special residency is one of the practical solutions to address theproblems of commercial concealment as well as huge remittances, where investorsand expatriates will be able to systematically and legally keep their money legally.
Thiswill drive them for establishing more investments and settling their financialreturns in Saudi Arabia. The special residency will also encourage expatriateswho invest their money in the underground economy to shift to the officialeconomy and will contribute to the localization of financial returns instead ofremitting them abroad and pay the taxes and fees that they do not pay under thecommercial concealment.
