Saudi ArabiaResidency By Investment
- 1-year residency for SR 100,000 (approximately $26,700)
- Visa-free access to GCC countries
- Investment and Ownership Opportunities
- Permanent Residency for SAR 7 million (approximately $1,87 million)
Overview
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:
| RESIDENCY OPTIONS | VALIDITY | CONDITIONS |
| Investor | 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 |
| Entrepreneur 1st Category 2nd Category | 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 | Permanent residency | SR 800,000 (±USD 213,400) – one-time fee |
| Special Talent | 5-year, renewable | Minimum Monthly Salary: SR 80,000 – Executives. |
| Gifted (sports, cultural, and artistic talents) | 5-year, renewable | 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.
Eligibility
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.
Family Inclusion
The Saudi Arabia Premium Residency Program allows eligible individuals to sponsor their immediate family members to reside in Saudi Arabia. This includes the following:
- Spouses
- Children under the age of 25
- Parents
Benefits
Freedom of Residence and Movement
Investment & Ownership Opportunities
Business Opportunities
Family Sponsorship
Access to Healthcare & Education
Visa-free Access to GCC Countries
Residency Options and Fees
| Premium Residency Options: | FEE/INVESTMENT |
| Investor | SAR 7 million (±USD 1,87 million) investment, creation of at least 10 jobs |
| Entrepreneur 1 Category 2 Category |
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) |
Applicable Fees
All remaining fees are unchanged. Therefore, the following fees continue to apply under both arms of the Programme:
| Due diligence fee for main applicant | USD 7,500 |
| Due diligence fee for any dependent above 16 | USD 4,000 |
| Application forms per applicant | USD 250 |
| Passport fees | USD 300 |
Application Process
Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client), and a qualification assessment. The confidentiality of the verification process is maintained. Certified Anti-Money Laundering Officers review the applicant’s documents.
Bayat Legal Services will meticulously analyze the client's case. Once this is done, the client will proceed to sign a retainer agreement with the firm. Subsequently, Bayat Group will curate the whole application process.
Applicants need to register and create an account on the Saudi Arabia Premium Residency portal. Registration forms must be filled out completely. Applicants will need to have a valid email address and phone number to verify the registration.
After creating the account, applicants have to click on the “Request Premium Residency” option and follow the instructions. Applicants need to provide various materials, such as personal details, information about family members, education, work experience, finances and savings, and other general data.
Applicants will be required to upload supporting documents, such as scans of passports, IDs, birth certificates, marriage certificates, bank statements, employment contracts, and various other relevant documents. After uploading documents, they need to cover the application processing fee of USD170, which can be paid through the portal online.
Authorities conduct a comprehensive due diligence check, which verifies the legality of invested funds, confirms the absence of criminal records, and ensures compliance with legal regulations. Successful applicants will be granted Saudi residence permits. The application process is very straightforward and can last 4-6 weeks.
Applications for the Saudi Arabia Premium Residency Program must be submitted online through the official portal (https://pr.gov.sa/).