Saudi Arabia
Premium Resident
Population
Around 34 million inhabitants
Languages
Arabic
Economy
Oil-based economy with diversification into manufacturing, finance, and tourism
Currency
Saudi Riyal (SAR)
Visa-Free Travel
79 countries.
Advantage
- Integration into Saudi Society: Foreign citizens can fully integrate into Saudi society and contribute to the country’s growth and development.
- Permanent Residency: Offers permanent residency status for eligible individuals, allowing them to establish long-term roots in Saudi Arabia without the need for renewal.
- Visa-Free Travel: Saudi Premium Residency provides the permit to leave and re-enter Saudi Arabia freely, offering convenience and flexibility to residents.
- Business Opportunities: Access to a thriving market and
participation in various sectors without the need for a local sponsor, facilitating business endeavors and investment opportunities. - Family Residency: Family members, including parents, spouses, and children (under 25 years old), can apply together along with the applicant; premium residency holders can also apply for a residence permit in Saudi Arabia, granting them the right to live, work, and
invest in the country alongside the primary appricant. - Exemption from Expat Fees: Benefit from the waiver of fees imposed on expatriates and their dependents and companions.
Requirements
- Age Requirement: The main applicant must be at least 21 years old.
- General Requirement: Providing proof of the investment & ownership of real estate or financial solvency for Limited Duration & Unlimited Duration Residency, which may include salary, stocks and shares, private investments, or owned property.
- Financial Solvency: Providing proof of the applicant’s financial solvency, which may include salary, stocks and shares, private investments, or owned property.
- Medical Requirement: Passing a medical examination to ensure the applicant is in good health and free from contagious diseases.
- Additional Requirement: Submit copies of any Saudi Arabian visas from the previous 15 years or the Saudi Iqama Number if currently residing in the country or previously had an Iqama.
Investment Option
Option 1:
Investor Residency
Requirement: minimum investment of SAR 7 million & 10 jobs created during the first two years.
Option 2:
Real Estate
Requirement: minimum investment of SAR 4 million in already developed residential real estate
Specific condition: Tied to real estate ownership or usufruct
Option 3:
Applicant Involvement: Applicant contributes to business design, structuring, and offers insight to the business team.
Process
- Processing Time: The process typically takes around three months after application submission.
- Application Fee for Investor & Real Estate Residency: SAR 4,000
- Application fee for Limited Duration: SAR 100,000
- Application fee for Unlimited Duration: SAR 800,000
