Saudi passports have made it possible to grant distinguished residency in Saudi Arabia to expatriates among the most prominent and important existing systems and the most attractive to competencies from various specializations to reside in the Kingdom. This system is specifically designed to grant better residency that attracts investors, and aims to attract foreign investments into Saudi Arabia, which contributes significantly to the noticeable increase in the volume of competitive local investment and a quick and good solution to the commercial cover-up crisis and serves as an opening to the diverse economy and one of the most prominent tributaries of investment and the most supportive of the national economy.
Steps to apply for premium residency in the Kingdom of Saudi Arabia
The Kingdom has facilitated obtaining distinguished residency, and the most important steps for applying for it will be available online for all those wishing to benefit from that residency and its advantages. The most prominent steps for registering for it are as follows:
- First, go to the official website of the distinguished residency portal in the Kingdom.
- Click on the Submit Application Now command.
- Choose the appropriate distinguished residency command for you.
- Click on the Submit Application Now box, and then read the various details related to the electronic application.
- You must log in or create a password when entering the platform for the first time.
- Enter all the applicant’s data and upload the official application documents.
- Enter the data related to the applicant’s passport data.
- The applicant must send the link via email to go to the application form for the golden residency.
- Click on Next, then proceed to pay the required financial fees, which amount to approximately one hundred and seventy US dollars.
- After reviewing all the data, the application can be submitted.
What are the conditions for obtaining a distinguished residency in the Kingdom?
The conditions that must be met for the application for a distinguished residency to be accepted are the following:
- The applicant’s financial ability to meet all the requirements for the cost of residency.
- Provide all the financial data required by the authorities to apply for residency.
- The applicant’s criminal record must be completely free of any judgment against him.
- The person provides all the official documents that prove his legal status if he is in Saudi Arabia.
- Provide papers that prove that the applicant for a distinguished residency does not suffer from any infectious diseases
Required Documents for Applying for Premium Residency
To apply for Premium Residency, the applicant must submit a set of official documents that confirm their eligibility for this residency, which include:
- A recent and clear personal photo.
- A medical report clarifying the individual’s health condition, which must be issued by a certified hospital.
- A bank statement detailing the individual’s recent financial transactions.
- A recommendation letter from the previous workplace.
Benefits of Premium Residency in Saudi Arabia
Premium residency has several benefits from different aspects, some of which we will discuss as follows:
- General advantages of premium residency:
Premium residency in Saudi Arabia offers a range of benefits designed to provide residents with flexibility, stability, and enhanced quality of life.
- Residence in Saudi Arabia with the family, which includes parents, spouses and children under the age of 25.
- Moving from one facility to another freely.
- Exemption from the financial fee imposed on expatriates and companions.
- Exit of the premium residency holder and his family members from Saudi Arabia and their return to it without requiring a visa.
- Issuing visit visas for relatives.
- Using the designated paths for citizens and citizens of the Gulf Cooperation Council countries at the ports.
- Working in private sector facilities and moving between them for the husband, wife and children.
- Practicing commercial activities according to the investment system.
- Owning and benefiting from real estate.
- Special advantages of premium residency in Saudi Arabia:
Along with the general benefits, premium residency in Saudi Arabia offers unique privileges that further enhance the quality of life and opportunities for residents.
- Obtaining permanent premium residency upon meeting the conditions.
- Exemption of the basic premium residency holder from the Nitaqat program.
What is the duration of premium residency in Saudi Arabia?
Duration of residency:
- A specific five-year residency, renewable once upon meeting the product eligibility criteria.
- Permanent residency upon continued meeting of product eligibility criteria and residency for 30 months within 5 consecutive or non-consecutive years.
How can I get Premium Residency in Saudi Arabia?
To obtain Premium Residency in Saudi Arabia, you must apply through the Premium Residency Center, meet eligibility criteria, and pay the required fees. The application process includes providing proof of financial stability, a clean criminal record, and valid health insurance, among other documents. There are two types of residency: permanent (one-time fee) and temporary (annual fee).
What is the salary for Premium Residency in Saudi Arabia?
Premium Residency in Saudi Arabia does not require a specific salary, but applicants need to demonstrate financial stability and sufficient income or assets. The exact amount varies based on the type of residency applied for.
Did anyone get Premium Residency in Saudi Arabia so far?
Yes, several expatriates have obtained Premium Residency in Saudi Arabia since the program’s launch. This residency has allowed them greater freedom and benefits compared to regular expatriate residents.
How much money do I need to invest to get permanent residency in Saudi Arabia?
There is no fixed investment requirement specifically for obtaining Premium Residency. However, applicants must show proof of substantial financial resources or assets and pay a one-time fee for the permanent option.
Authors
Batic Law firm
Batic Law Firm is one of the leading legal service providers in Saudi Arabia, specializing in business formation, compliance, inheritance cases, litigation, and policies. Batic offers specialized legal consultations to assist clients in navigating complex legal systems, ensuring exceptional support for both local and international businesses.