Premium Residency in Saudi Arabia: An Opportunity for Stability and Investment!

The Premium Residency in the Kingdom of Saudi Arabia is an ambitious initiative aimed at attracting talent, investors, and entrepreneurs, and providing them with the opportunity to settle in a competitive and prosperous economic environment. Premium Residency categories are numerous, including:

  1. Exceptional Competency Residency.
  2. Entrepreneur Residency.
  3. Business Investor Residency.
  4. Open Premium Residency.
  5. Talent Residency.
  6. Property Owner Residency.

Each product has its own terms and conditions that target a specific segment of applicants.

Exceptional Efficiency Residence:

This residency is designed for individuals with high expertise and skills in scientific, research, and leadership fields. The most important requirements for this type of residency are:

  • Providing a job contract in a leadership position within one of the approved entities.
  • Monthly income should not be less than 80 thousand riyals.
  • Submit a letter of recommendation from your employer.

This residency allows applicants to remain in the Kingdom for a renewable period of five years, with the possibility of converting to permanent residency upon meeting specified criteria.

Entrepreneur Residence:

This residency targets innovators and startup owners who wish to develop their businesses within the Kingdom. It is divided into two categories:

  • First class :
    • Obtaining a business license from the Ministry of Investment.
    • Securing an investment round of no less than 400,000 riyals.
    • Owning a stake of at least 20% in the company.
  • Second category :
    • An investment round of no less than 15 million riyals.
    • Owning a stake of at least 10% in the company.
    • Create at least 20 jobs during the first two years.

Applicants in the second category receive immediate permanent residency, while applicants in the first category receive a five-year, renewable residency.

Business Investor Residence:

This residency is intended for investors who wish to enter the Saudi market and take advantage of promising investment opportunities. The required conditions include:

  • Obtaining an investment license with a value of no less than 7 million riyals.
  • Submit a valid commercial register and an incorporation contract proving the share in the company.
  • Pumping 7 million riyals during the first two years.
  • Create 10 new jobs within the first two years.

The applicant will be granted permanent residency immediately upon meeting all requirements.

Open Premium Residency:

This residency is a flexible option for those wishing to settle in the Kingdom without the need for investment or employment, as eligibility requirements are limited to proof of financial solvency. Applicants can choose between:

  • Fixed-term residency: ranging from one to five years, at a cost of 100,000 riyals per year.
  • Indefinite residence: Permanent residence for 800,000 Saudi riyals.

Talent Residence:

This residency is aimed at talented individuals in the fields of sports, culture, and the arts, who have achieved outstanding accomplishments at the local or international level. The conditions include:

  • Nominated for or won one of the specified exceptional awards.
  • Passing the minimum financial solvency.
  • Obtain a recommendation from the Ministry of Sports or the Ministry of Culture.

Applicants in this track can obtain a five-year renewable residency or permanent residency upon meeting all required conditions.

Property Owner Residence:

This residency allows applicants to own and benefit from real estate in the Kingdom. Eligibility requirements include:

  • Owning a real estate asset with a value of no less than 4 million Saudi riyals.
  • The property must be residential and not undeveloped land.
  • Providing an evaluation accredited by the Saudi Authority for Accredited Valuers.

The duration of residency is linked to property ownership, and gives holders the opportunity to settle in a safe and stable environment.

General benefits of Premium Residency:

Premium residency grants its holders many privileges, most notably:

  • Residency in the Kingdom with family, which includes parents, spouses, and children under the age of 25.
  • Freedom to move between facilities without restrictions.
  • Exemption from the financial fee imposed on expatriates and their companions.
  • The ability to exit and return to the Kingdom without the need for a visa.
  • Issuing visit visas for relatives.
  • Use of special lanes for citizens at border crossings.
  • Working in private sector establishments.
  • Conducting business in accordance with the investment system.
  • Owning and using real estate.

conclusion:

The Kingdom’s Premium Residency represents a gateway for ambitious individuals seeking to live and work in an advanced and prosperous economic environment. With its multiple residency options and diverse benefits, this initiative opens new horizons for investors, entrepreneurs, skilled individuals, and talents, making it an ideal choice for those seeking success and stability in the heart of the Middle East.
We are happy to assist you in applying for any of the products that suit you and follow up on your application until you achieve your goal of Premium Residency .

Scroll to Top