Saudi ArabiaResidency By Investment
Premium Residency Program
Saudi Arabia is offering the Premium Residency program, which provides a unique opportunity for high-net-worth individuals, talented people, and entrepreneurs to live, work, and invest in the Kingdom without the need for a sponsor. Eligible foreign nationals can choose from the following options:
|Direct Permanent Residency
|Holding an investment license;
Investment of at least SAR 7 million (±USD 1,87 million)
Create at least 10 jobs in Saudi
|1: 5-year renewable once
2: Permanent residency
An entity must have accreditations and licenses from the Ministry of Investment
|Real Estate Owner
|Tied to real estate ownership or usufruct
Own or Usufruct real estate assets valued at least SAR 4 million (±USD 1,07 million) within Saudi
Free from mortgages.
|Limited Duration Premium Residency
|1 year, Renewable
|SR 100,000 (±USD 26,700) for each year, with a reduction of 2% per annum and on an accumulative basis, if applying for more than a year.
|Unlimited Duration Premium Residency
|SR 800,000 (±USD 213,400) – one-time fee
Minimum Monthly Salary:
SR 80,000 – Executives.
|Gifted (sports, cultural, and artistic talents)
|Exceptional awards; Recommendation from Saudi authorities (Ministry of Sports, Ministry of Culture);
Holders of the 5-year residence permits can apply for permanent residency after continuing compliance with eligibility criteria and residing in Saudi Arabia for at least 30 months within 5 years.
Holders of the Saudi Premium Residence are exempt from the “Nitaqat” system, which is a Saudization program aiming to increase the employment of Saudi nationals in the private sector.
In addition to complying with conditions and covering the fee, applicants for the Saudi Arabia Premium Residency program must meet the following criteria:
- Be at least 21 years of age
- Hold a valid passport
- Be in good health
- Have a clean criminal record
- Provide proof of financial solvency
- Pass Due Diligence procedures.
Applicants are required to provide supporting documentation to verify their eligibility. Entrepreneurs must present a business plan. Some applicants may be asked to obtain approvals from relevant authorities, such as the Ministry of Interior and the Ministry of Foreign Affairs.
The Saudi Arabia Premium Residency Program allows eligible individuals to sponsor their immediate family members to reside in Saudi Arabia. This includes the following:
- Children under the age of 25
Freedom of Residence and Movement
Investment & Ownership Opportunities
Access to Healthcare & Education
Visa-free Access to GCC Countries
Residency Options and Fees
|Premium Residency Options:
|SAR 7 million (±USD 1,87 million) investment, creation of at least 10 jobs
|Obtain investment round(s) of at least:
SAR 400,000 (±USD 106,700)
SAR 15 million (±USD 4 million), creation of a minimum of 20 jobs
|Real Estate Owner
|SAR 4 million (±USD 1,07 million)
|Limited (1-year, renewable) Premium Residency
|Annual fee of SAR 100,000 (±USD 26,700)
|Unlimited Premium Residency
|One-time fee of SAR 800,000 (±USD 213,400)
All remaining fees are unchanged. Therefore, the following fees continue to apply under both arms of the Programme:
|Due diligence fee for main applicant
|Due diligence fee for any dependent above 16
|Application forms per applicant
Applications for the Saudi Arabia Premium Residency Program must be submitted online through the official portal (https://pr.gov.sa/).