Also in the news...
Moving Abroad For Work: How To Manage Your Finances
Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.
International Trade Secretary opens the Global Investment Summit
Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.
Croatia: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Croatia.
Prime Minister and Bill Gates launch £400m partnership to boost green investment
The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.
What is the Superbonus and how to benefit from it, even if you don’t pay Italian income tax
It’s recent news the Superbonus 110% has been recently extended to 2023, and this is great if you intend to renovate your home. Superbonus 110% isn’t the only available tax break on house renovations; find out how you can save on your taxes whilst renovating your Italian home.
Saudi Arabia Grants Permanent Residency
The Kingdom have been hinted at the idea of releasing permanent residency permit for those who want to stay in the Kingdom long term and earlier this year they finally announced they would be releasing the permits. The first group of 73 individuals have been granted their residency permits coming from 19 countries and include investors, financiers and doctors
There are two options for those applying for residency:
Option 1: Unlimited Duration Premium Residency (SP1)
This option gives lifetime residency in the Kingdom and has a one time fee of SAR800,000 ($213,340).
Option 2: Limited Duration Premium Residency (SP2)
The SP2 option gives a one year residency permit and costs an annual fee of SAR100,000 ($26,668).
The residency permit gives individuals the right to switch jobs, exit the Kingdom freely and sponsor visas for their families.
To apply for residency, the following criteria must be fulfilled:
- The applicant must have a valid passport
- The applicant must be at least 21 years of age.
- The applicant must not have a criminal record
- The applicant must provide evidence of their financial solvency
- The applicant must provide a health report on the health status of the applicant
- The applicant must hold a valid Iqama if applying from within the Kingdom