Premium Residency in Saudi Arabia
The Premium Residency Center was established in January 2019 through the Council of Ministers’ resolution No. 247, dated 09/05/1440 in the Islamic calendar. Its primary objective is to attract and support exceptional talents and investors, encouraging their participation in Saudi Arabia's ongoing development journey that aims to reform and create an appealing and competitive work environment for investors interested in expanding their businesses within the Kingdom. This is achieved by facilitating their residency and offering a flexible lifestyle for both work and residence. Since the implementation of the Premium Residency resolution, Saudi Arabia has continually worked to refine its regulations and provide a range of facilitations tailored to target groups, through offering an array of benefits and electronic services.
Unlike Regular Residency, Premium Residency in Saudi Arabia offers numerous benefits, granting its holders access to various facilitation measures designed to promote a commercial mindset and prioritize innovators, entrepreneurs, and business owners by granting them rights that reflect their creativity and efforts. Below, we will outline the key benefits and features of Premium Residency:
1-Residence in Saudi Arabia with family, including parents, spouses and children under the age of 25 years old.
2-Easy transfer from one establishment to another.
3-Exemption from the financial fees imposed on expats and companions.
4-Departure of the holder and his family from Saudi Arabia and re-entering it without a Visa.
5-Issuance of family visas for relatives.
6-Use of citizens and GCC nationals’ lanes in the ports and entry points.
7-Employment of the husband, wife and children within the private sector establishments and the right to transfer between them.
8-Practice commercial activities in accordance with the investment regulations.
Ownership of real estates and the right to benefit from it.
You can also choose the convenient Premium Residency product for you and learn about the other options through the below link:
Premium Residency in Saudi Arabia
Beneficiary group
- High-net-worth individuals and
- professionals seeking long-term residency.
Service delivery channels
3 to 6 months
Language provided
Arabic and English
Facilitate expatriates' contributions to the Saudi economy through long-term residency and business investments.
Promote foreign investment by allowing expatriates to engage in business activities and own property in Saudi Arabia without a local sponsor.
Residency applications
Processing for both permanent residency and temporary residency options.
Investment facilitation
Assisting foreign residents with business ownership in Saudi Arabia and investment opportunities.
Property ownership support
Helping expatriates acquire and manage real estate in Saudi Arabia.
Legal residency: Securing the right to reside in Saudi Arabia without the need for local sponsorship.
Property rights: Supporting expatriates in acquiring and owning real estate in Saudi Arabia.
Business ownership: Enabling expatriates to start a business in Saudi Arabia without requiring a local sponsor.
Frequently Asked Questions (FAQs)
- What is Premium Residency?
Premium Residency is a special program that allows expatriates to live, work, and invest in Saudi Arabia without the need for a local sponsor.
- What are the types of Premium Residency?
There are six types of Premium Residency:
- Special Talent Residency
- Gifted Residency
- Investor Residency
- Entrepreneur Residency
- Real Estate Owner Residency
- Limited Duration and Unlimited Duration Premium Residency.
- How long does the process take?
The process typically takes 3 to 6 months, depending on the completeness of your application and the time required for review.
Beneficiary Group
High-net-worth individuals and professionals seeking long-term residency in Saudi Arabia and business opportunities.
Service Duration
The process for obtaining Premium Residency in Saudi Arabia typically takes between 3 to 6 months, depending on the completeness of the application and approval process.
Provided Language
Our services are available in both Arabic and English, making the process accessible for international applicants.