Premium Residency in Saudi Arabia offers a unique opportunity for expatriates to live permanently or long-term in the Kingdom. This program provides numerous benefits, such as easy mobility, the ability to invest and own property, and many other advantages. Premium Residency is available to various categories of individuals based on specific criteria like skills, investment, and cultural contributions.

What are the Conditions for Premium Residency?

To qualify for Premium Residency in Saudi Arabia, certain conditions must be met, which vary depending on the type of residency you seek. This residency program is designed for investors, individuals with exceptional skills, property owners, outstanding talents, and entrepreneurs. Each category has its own requirements, reflecting the added value that an individual can bring to the Kingdom.

Business Investor Residency

For those interested in Business Investor Residency, the following conditions must be met:

• Minimum Capital: Applicants must invest a specific amount in local businesses.
• Business Management Experience: Applicants should have proven experience in managing and establishing companies.
• Viable Business Plan: A clear and realistic business plan for the future within the Kingdom is required.

Exceptional Skill Residency

Exceptional Skill Residency is tailored for individuals who have demonstrated outstanding abilities in fields such as science, technology, sports, and the arts. Applicants must have tangible achievements and international recognition of their skills to qualify.

You May Also Read: Required Documents for Premium Residency Application in Saudi Arabia

Property Owner Residency

For Property Owner Residency, the following conditions apply:

• Owning Property in Saudi Arabia: Applicants must purchase property of a specified value or more.
• Real Estate Investment: There must be a commitment to maintaining property ownership for a specified period.

Talent Residency

Talent Residency is granted to individuals with unique talents in areas such as literature, fine arts, and more. Applicants must showcase their work and achievements that highlight their exceptional talent.

Entrepreneur Residency

Entrepreneur Residency is aimed at innovators and creative individuals in the business field who are looking to establish or expand startups in Saudi Arabia. Applicants must have a solid business plan and the ability to contribute directly to the Saudi economy.

Also, read about the conditions for regulations and conditions for foreign investment in Saudi Arabia for foreigners and the required legal framework for international investors in our detailed article available on Eyad Reda Law Firm‘s website.

How to Obtain Premium Residency and the Necessary Requirements for Application

Obtaining Premium Residency in Saudi Arabia involves several steps and ensuring that all necessary requirements are met. Here’s how to start the process and what documents and conditions need to be prepared.

Steps to Apply for Premium Residency

1. Verify Eligibility: Determine the type of Premium Residency that fits your qualifications and requirements.
2. Gather Required Documents: Make sure all necessary documents for the selected type of residency are available.
3. Submit the Application: Submit the application through the special electronic system for Premium Residency or the designated center.
4. Pay the Fees: Pay the required fees as per the instructions.
5. Examination and Approval: Wait for the processing and review by the competent authorities.
6. Issuance of Residency: Receive the Premium Residency after the application is approved.

Required Documents for Application

To apply for Premium Residency, the following documents are needed:

• Valid Passport: A passport valid for no less than six months.
• Recent Personal Photo: A passport-sized photo.
• Clean Criminal Record: A certificate of no criminal record from the country of original residence.
• Resume: Details of professional and educational experience.
• Financial Documents: Proof of financial capability to support residency in Saudi Arabia.
• Investment Documents: If applying for investment residency, documents proving your investment.

It’s important to ensure the accuracy and completeness of all documents before applying to avoid any delays in the review and approval process. 

Premium Residency in Saudi Arabia opens new horizons for residents and provides significant opportunities for investors and professionals seeking stability and growth in a dynamic and evolving environment.

You May Also Read: Premium Residency Program Last Updates in Saudi Arabia

Benefits of Premium Residency in Saudi Arabia

Premium Residency in Saudi Arabia offers a range of unique benefits that enhance its attractiveness to expatriates and international investors. These benefits include economic, social, and personal aspects, making it a distinguished choice for those looking to take advantage of promising opportunities in the Kingdom.

Key Benefits of Premium Residency

• Right to Permanent or Temporary Residency: Premium Residency offers the option of permanent or temporary residency depending on the type chosen, giving individuals flexibility in planning their future in Saudi Arabia.
• Freedom of Movement: Premium Residency holders enjoy the freedom to enter and exit the Kingdom without the need for an exit and return permit, facilitating international travel and cross-border business.
• Property Ownership: Holders of this residency are allowed to own properties in most regions of the Kingdom, including residential and commercial properties.
• Work and Investment: Premium residents have the right to establish businesses and work in the Kingdom without the need for a Saudi sponsor, including the freedom to invest and own businesses.
• Health and Educational Services: Access to health and educational services at the same standards and quality as those provided to Saudi citizens.
• Visit Visas for Relatives: The ability to issue visit visas for relatives, facilitating family reunions on various occasions.
• Simplified Visa Procedures: Simplification of visa acquisition procedures for external visits based on Premium Residency.
• Independence in Residency: Obtaining a Premium Residency does not require a sponsor or guarantor, enhancing an individual’s independence in movement and living in Saudi Arabia.

Premium Residency in Saudi Arabia serves as a gateway to numerous opportunities for individuals seeking to integrate into one of the fastest-growing economies in the region and to benefit from the many advantages this residency offers.

Conditions for Premium Residency for Companies

Premium Residency in Saudi Arabia is not limited to individuals but also extends to companies aiming to establish or expand their presence in the Saudi market. There are specific conditions that companies must meet to be eligible for this type of residency, which are designed to enhance investment and economic growth in the Kingdom.

Basic Conditions for Companies

• Financial Investment: The company must invest a specific amount determined by the Saudi authorities to ensure the seriousness and sustainability of the project.
• Job Creation: The company is expected to create job opportunities for Saudi citizens, contributing to localization goals and increasing Saudi employment in the private sector.
• Knowledge and Technology Transfer: Eligible companies for Premium Residency must contribute to the transfer of knowledge and technology to the Kingdom, either through cooperation with local institutions or by introducing new technologies.
• Sustainability and Environmental Impact: Companies must comply with Saudi environmental standards and demonstrate how their operations will contribute to sustainability and environmental protection.
• Registration and Licensing: The company must be legally registered in Saudi Arabia and obtain all necessary licenses to operate.
• Clean Financial Record: The company must have a clean financial record, free of pending debts or legal issues that could impede its operations.

Benefits of Premium Residency for Companies

• Legal Security and Stability: Premium Residency provides legal stability for companies, helping to improve the business environment.
• Market Access Opportunities: Gives companies the opportunity to expand in the Saudi market and access markets in the Gulf and Middle East.
• Government Support: Companies benefit from government support in the form of tax incentives, logistical facilities, and other facilities that enhance their growth and expansion.

Premium Residency for companies is an important step toward establishing Saudi Arabia’s position as a leading business and investment hub in the region, opening doors to more investments and enhancing sustainable economic growth.

Cost of Premium Residency in Saudi Arabia

The cost of obtaining Premium Residency in Saudi Arabia varies based on the type of residency chosen and whether it is permanent or temporary. Here are the details of these costs:

Premium Residency Costs

• Permanent Premium Residency: Requires a one-time fee of 800,000 Saudi Riyals.
• Temporary Premium Residency: Requires an annual fee of 100,000 Saudi Riyals. These fees include the right to benefit from all the advantages provided by Premium Residency, such as freedom of movement, property ownership, and working without a sponsor.

Duration of Premium Residency

Premium Residency offers two main options in terms of duration:

Types of Residency by Duration

• Permanent Premium Residency: As the name suggests, this residency provides the right to stay permanently in the Kingdom.
• Temporary Premium Residency: This residency lasts for one year, renewable as long as the annual fees are paid.

Both options offer great flexibility to residents and allow for long-term planning for living and working in Saudi Arabia, taking into account the different needs of individuals and companies seeking to capitalize on the promising opportunities in the Kingdom.

How to Apply for Premium Residency in Saudi Arabia

Applying for Premium Residency in Saudi Arabia requires following several specific steps to ensure a successful application. Here are the basic procedures:

Steps to Apply for Premium Residency

1. Visit the Official Website: Start by visiting the official Premium Residency website to get all necessary information and required documents.
2. Prepare Documents: Gather all required documents such as passport, criminal record, resume, and financial documents.
3. Fill Out the Application: Fill out the online application form accurately, attaching all necessary documents.
4. Pay the Fees: You will need to pay the specified application fees via the electronic portal.
5. Submit the Application and Wait for Processing: After submitting the application and documents, you must wait for the application to be processed and approved by the competent authorities.
6. Approval and Issuance: Once approved, the Premium Residency will be issued, and you can then benefit from all the advantages it provides.

The Premium Residency Law and Its Amendments

The Premium Residency Law in Saudi Arabia regulates the terms and conditions for obtaining this type of residency and outlines the associated rights and obligations. Over time, the law has been updated and amended to better serve the Kingdom’s economic and social interests and to adapt to changing circumstances.

Basic Principles of the Premium Residency Law

The Premium Residency Law is based on several fundamental principles that govern how it is applied and managed. These principles include the importance of attracting talent and investment, the protection of rights and freedoms, and the enhancement of economic development. The law also provides for transparency in the process and guarantees fair treatment for all applicants.

Recent Amendments to the Premium Residency Law

The Premium Residency Law has seen several amendments aimed at improving the residency system and enhancing its attractiveness to a broader range of individuals and companies. These amendments have included:

• Reduction in Fees: Recent amendments have introduced a reduction in Premium Residency fees to make it more accessible to a larger number of qualified applicants.
• Expansion of Eligibility Criteria: The eligibility criteria for Premium Residency have been expanded to include more categories of professionals, investors, and entrepreneurs.
• Improvement in Application Procedures: Amendments have streamlined the application process, making it easier and faster for qualified individuals to obtain residency.
• Enhancements in Rights and Benefits: Amendments have also introduced additional rights and benefits for Premium Residency holders, such as the right to access public services and participate in certain public and private sector activities.

These amendments reflect the ongoing efforts by Saudi authorities to enhance the Premium Residency system and ensure its success in attracting talent and investment to the Kingdom.

How Batic Law Firm Can Assist You

Applying for Premium Residency in Saudi Arabia can be a complex process, and understanding all the legal requirements and procedures is essential. Batic Law Firm provides comprehensive legal support for individuals and companies seeking to obtain Premium Residency. With our extensive experience in Saudi law, we can help ensure that your application meets all the necessary criteria and is processed efficiently.

Our Legal Services Include:

• Consultation and Assessment: We offer detailed consultations to help determine your eligibility for Premium Residency and identify the best type of residency for your needs.
• Document Preparation: Our legal experts assist in preparing and verifying all necessary documents to ensure compliance with Saudi laws and regulations.
• Application Submission: We handle the entire application process on your behalf, from filling out the application to submitting it to the relevant authorities.
• Follow-Up and Support: Our team provides ongoing support throughout the application process, ensuring timely follow-up and addressing any issues that may arise.
• Post-Residency Services: Once your Premium Residency is approved, we offer continued legal support to help you take full advantage of all the benefits and rights that come with it.

For more information on how we can assist you with your Premium Residency application, please contact us today to schedule a consultation with one of our experienced legal professionals.