Saudi Arabia’s Premium Residency program offers a unique opportunity for expatriates, investors, and talented individuals to live and work in the Kingdom without the need for a local sponsor. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to diversify the country’s economy and attract global talent. Here’s a breakdown of the residency categories, eligibility criteria, and the benefits of this revolutionary program.
Categories and Eligibility
1. Real Estate Owner Residency
Eligibility:
- Own real estate assets in Saudi Arabia worth at least SAR 4,000,000.
- The property must be residential, developed, and free from mortgages or financing.
- Appraisal by accredited valuers is required.
Residency Duration:
Tied to property ownership or usufruct rights.
Fee:
SAR 4,000 (one-time).
2. Investor Residency
Eligibility:
- Hold an investment license.
- Invest at least SAR 7 million in Saudi Arabia within two years.
- Create a minimum of 10 jobs in the Kingdom during the first two years.
Residency Duration:
Permanent residency upon meeting investment and job creation requirements.
Fee:
SAR 4,000 (one-time).
3. Special Talent Residency
Eligibility:
For Researchers:
- Employment contract in key sectors with a minimum salary of SAR 14,000.
- Bachelor’s degree and at least three years of experience.
For Healthcare and Scientific Professionals:
- Employment contract in priority fields with a minimum salary of SAR 35,000.
For Executives:
- Senior-level employment with a minimum salary of SAR 80,000.
Residency Duration:
- Five-year renewable residency or permanent residency after fulfilling requirements for 30 months within five years.
Fee:
SAR 4,000 (one-time).
4. Entrepreneur Residency
Eligibility:
First Category:
- Entrepreneur license and SAR 400,000 in funding from an accredited entity.
Second Category:
- Entrepreneur license and SAR 15 million in funding.
- Create 10 jobs in the first year and an additional 10 jobs in the second year.
Residency Duration:
- Fixed five-year term or permanent residency based on job creation.
Fee:
SAR 4,000 (one-time).
5. Gifted Residency
Eligibility:
- Nomination or exceptional awards in fields like culture or sports.
- Financial capability and endorsement from relevant Saudi ministries.
Residency Duration:
- Five-year renewable residency or permanent residency upon fulfilling criteria and receiving endorsements.
Fee:
SAR 4,000 (one-time).
6. Limited Duration and Unlimited Duration Premium Residency
This residency type caters to individuals seeking annual or permanent residency in Saudi Arabia, offering a wealth of benefits in a culturally rich and economically vibrant environment.
Eligibility Criteria:
- Proof of financial capability.
Residency Duration:
- Limited Duration Premium Residency: 1–5 years (renewable).
- Unlimited Duration Premium Residency: Permanent residency.
Fees:
- Limited Duration Premium Residency: SAR 100,000 per year (with a 2% annual reduction for multi-year applications).
- Unlimited Duration Premium Residency: SAR 800,000 (one-time).
Benefits of Premium Residency
- Family Inclusion: Reside with family members, including parents, spouses, and children under 25.
- Exemptions: No fees for expats, dependents, or companions.
- Visa-Free Exit and Return: Freedom to travel without requiring exit/re-entry visas.
- Flexibility: Move between establishments and work in the private sector.
- Business Opportunities: Conduct business under The Investment Law.
- Real Estate Ownership: Rights to own or usufruct real estate.
- Airport Privileges: Use of dedicated tracks for GCC nationals and citizens.
- Visit Visas: Ability to obtain visit visas for relatives.
How to Apply
Applying for Saudi Arabia’s Premium Residency is simple:
- Visit the official Premium Residency Center website: pr.gov.sa
- Click on “Apply Now” and select the desired residency category.
- For certain categories (e.g., Special Talent), use the “Check Your Eligibility” tool to assess your chances.
Saudi Arabia’s Premium Residency program is a gateway to unlocking unparalleled opportunities in the Kingdom. Whether you’re an investor, entrepreneur, or a talented professional, the program offers flexibility, security, and access to a thriving economy.