The U.S.-Saudi association is one of U.S most significant, complex and enduring bilateral connections in the Middle East. It has been experienced by many concerns, including the Arab-Israeli conflict, oil policies, and conflict with Iraq. It is important for Capital markets to have a regulation in order to provide guidelines for investors who are willing to venture into any business.
The importation of various articles in Saudi is either forbidden or necessitates special approval from knowledgeable authorities. Additionally, importation of products like: live animals, agricultural seeds; frozen and fresh meat; periodicals, books, tapes and movies; chemicals, religious books, pharmaceutical products; horses; wireless equipment; and products that contain alcohol, e.g., perfume; necessitate special approval by Saudi authorities (McLeish, 2009). A person may make his/her own customs authorization of goods that are imported for business or personal use. On the contrary the U.S. Customs Service does not necessitate an importer to have a permit or license. Other agencies may possibly require a license, permit, or other documentation, depending on the commodity.
A citizen of a foreign country ought to generally get an immigrant visa for permanent dwelling or nonimmigrant visa for temporary stay. The visa type is based on the purpose of the travel. The U.S Government provides a considerable number of permanent and temporary America visa options for those looking to work and live in America (Japalo, 2010).
The America visas offered for permanent or temporary migration are all unique; each American visa having its own application and criteria requirements. Therefore, the American Visa Bureau panel is managed by a fully competent immigration lawyer. Similarly, all visitors to Saudi Arabia ought to have a Saudi sponsor for them to obtain a business visa to enter Saudi Arabia (McLeish, 2009). The U.S. Government, with the help of a reimbursable arrangement with the Government of Saudi is working towards upgrading customs assessment procedures.
Japalo, C. (2010). U.S import requirement. New York, USA: Flat World Knowledge, L.L.C.
McLeish, E. (2009). Saudi trade regulation and standards. London UK: The Rosen Publishing Group