Saudi Arabia’s Premium Residency program presents a unique opportunity for expatriates, investors, and talented professionals to live and work in the Kingdom without the need for a local sponsor. Aligned with the nation’s Vision 2030, the program aims to attract global talent, boost economic diversification, and offer more flexible living options. Whether you’re an investor, an entrepreneur, or a professional, Saudi Arabia’s Premium Residency offers significant advantages.
What is Saudi Arabia Premium Residency?
The Premium Residency program provides foreign nationals with residency options that offer flexibility and benefits typically unavailable under the standard work or visit visas. It is designed to attract investors, skilled professionals, and entrepreneurs to contribute to the Kingdom’s economic growth and innovation.
Premium Residency Categories and Eligibility Criteria
Saudi Arabia offers various residency categories under the Premium Residency program, each with specific eligibility criteria. Below is a breakdown of the categories:
1. Real Estate Owner Residency
Eligibility:
- Own residential real estate worth at least SAR 4,000,000.
- The property must be free of mortgages or loans.
- An official property appraisal by accredited valuers is mandatory.
Residency Duration:
- Linked to the ownership or usufruct rights of the property.
Fee:
- One-time payment of SAR 4,000.
2. Investor Residency
Eligibility:
- Hold a valid investment license.
- Invest SAR 7 million in the Kingdom within two years.
- Create at least 10 jobs within the first two years of investment.
Residency Duration:
- Permanent residency after meeting investment and job creation conditions.
Fee:
- One-time payment of SAR 4,000.
3. Special Talent Residency
Eligibility for Specific Sectors:
- Researchers: Bachelor’s degree, minimum three years of experience, and a salary of SAR 14,000.
- Healthcare and Scientific Professionals: Employment in priority sectors with a minimum salary of SAR 35,000.
- Executives: Senior-level positions with salaries starting from SAR 80,000.
Residency Duration:
- Five-year renewable residency or permanent residency after fulfilling certain criteria.
Fee:
- One-time payment of SAR 4,000.
4. Entrepreneur Residency
Eligibility:
- First Category: Entrepreneur license and SAR 400,000 funding from an accredited entity.
- Second Category: Entrepreneur license with SAR 15 million in funding and job creation targets (at least 10 jobs in the first year and another 10 jobs in the second year).
Residency Duration:
- Fixed five-year term or permanent residency based on job creation progress.
Fee:
- One-time payment of SAR 4,000.
5. Gifted Residency
Eligibility:
- Nomination or exceptional recognition in fields like culture or sports.
- Endorsement from relevant Saudi ministries and proof of financial capability.
Residency Duration:
- Five-year renewable residency or permanent residency after meeting criteria.
Fee:
- One-time payment of SAR 4,000.
6. Limited Duration and Unlimited Duration Premium Residency
This residency caters to individuals seeking either annual or permanent residency in Saudi Arabia.
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: SAR 100,000 per year (with a 2% annual reduction for multi-year applications).
- Unlimited Duration: SAR 800,000 (one-time).
Key Benefits of Premium Residency
The Premium Residency program offers several significant benefits that make it a highly attractive option for expatriates and investors.
- Family Inclusion: Family members, including spouses, children under 25, and parents, can live with the residency holder.
- No Dependents’ Fees: No additional fees for expatriates, dependents, or companions.
- Visa-Free Travel: Freedom to exit and re-enter Saudi Arabia without requiring an exit/re-entry visa.
- Employment Flexibility: The ability to work in the private sector without restrictions and the option to switch employers.
- Business Opportunities: Ability to conduct business under the Investment Law, providing opportunities for entrepreneurship.
- Real Estate Ownership: Rights to own or lease real estate in the Kingdom.
- Airport Privileges: Access to dedicated tracks at airports, similar to GCC nationals and citizens.
- Visit Visas: The ability to sponsor visit visas for relatives.
Step-by-Step Guide to Applying for Saudi Arabia Premium Residency
The application process for Saudi Arabia’s Premium Residency is straightforward, but it is essential to follow each step carefully.
Step 1: Visit the Official Premium Residency Center Website
Go to the official Premium Residency Center website to begin the application process.
Step 2: Choose the Residency Category
Select the category that suits your situation—whether you’re an investor, entrepreneur, skilled professional, or real estate owner.
Step 3: Check Eligibility
For categories like Special Talent Residency, use the “Check Your Eligibility” tool available on the website to assess whether you meet the necessary criteria.
Step 4: Submit Required Documents
Prepare and upload the necessary documentation, including financial statements, investment proof, academic qualifications, or professional experience records.
Step 5: Complete the Payment
Pay the applicable residency fee (ranging from SAR 4,000 to SAR 800,000, depending on the residency category).
Step 6: Await Approval
Once submitted, your application will be processed, and you will receive an update regarding your application status. If approved, you can enjoy your residency benefits.
Frequently Asked Questions (FAQs)
Q1: Can I switch to a different residency category after applying?
Yes, it is possible to change your residency category based on eligibility and requirements. Ensure that you meet the criteria for the new category.
Q2: Is there a limit to the number of jobs I can create as an investor?
For the Investor Residency, you must create at least 10 jobs within the first two years. There is no upper limit on the number of jobs you can create.
Q3: Can I bring my family under the Premium Residency program?
Yes, you can bring your family members, including your spouse, children under 25, and parents, to live with you in Saudi Arabia under the Premium Residency program.
Q4: What happens if I don’t meet the job creation requirements?
Failure to meet the job creation requirements could result in the cancellation of the residency under the Investor or Entrepreneur category.
Conclusion: Saudi Arabia’s Premium Residency offers an excellent opportunity for expatriates, investors, and professionals to benefit from the Kingdom’s thriving economy and progressive Vision 2030 plans. With flexible residency options, significant privileges, and a straightforward application process, this program is a gateway to new possibilities. Whether you are looking to live, work, or invest, Saudi Arabia’s Premium Residency could be your next big step.
