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FinancialNews


  • 20-11-19

    Instant work-visa service for new businesses to start in Saudi Arabia

    (MENAFN) Saudi Press Agency reported that, Saudi Arabia has revealed plans to start an immediate work-visa service in December, throughout its Qiwa platform, developed to support small businesses.


    Ahmed Al-Rajhi, Minister of Labor and Social Development, said that, "it will enable young Saudis to launch start-up projects, open small businesses, boost economic growth and accelerate business expansion plans, which will have a positive impact on national development".


    The ministry will give a complete set of integrated tools for small-business owners, besides a framework for nationalizing the workforce of such projects, after an early grace period, under the Saudi nationalization scheme, Nitaqat.


    Al-Rajhi said that, "this will help to maintain the stability and continuity of the business during its early days", adding that, the ministry made many wide studies to decide the needs of small businesses for migrant workers, so that the new visa service complete their needs.

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