Premium Residency in Saudi Arabia
A New Gateway for Expats and Investors
Saudi Arabia’s Premium Residency Program offers expatriates, investors, and entrepreneurs the chance to live, work, and invest in the Kingdom with greater independence. Part of the Vision 2030 initiative, this program aims to attract global talent by removing the need for a local sponsor, making it easier than ever to take part in Saudi Arabia’s booming economy.
What is Premium Residency?
The Premium Residency Program is often referred to as Saudi Arabia’s version of the "Green Card." It provides two flexible residency options:
Permanent Premium Residency: A one-time fee grants lifetime residency.
Temporary Premium Residency: Available with a renewable annual fee, offering flexibility for short-term or long-term stays.
Key Categories of Premium Residency
Investor Residency: Ideal for high-net-worth individuals investing at least SAR 7 million into the Saudi economy. This option is perfect for those looking to explore growing sectors such as real estate, tourism, and tech-driven projects.
Entrepreneur Residency: Designed for startup founders and business leaders, this category is open to those who have raised a minimum of SAR 400,000 in funding. It offers long-term residency for entrepreneurs who want to scale their business in a supportive ecosystem.
Special Talent Residency: Tailored for professionals in science, healthcare, and technology, this residency provides opportunities for individuals with advanced qualifications and experience in priority sectors.
Gifted Residency: Recognizing exceptional achievements in sports, arts, or culture, this residency is granted to individuals whose talents have been recognized by relevant Saudi ministries.
Real Estate Owner Residency: For individuals who own property worth at least SAR 4 million in Saudi Arabia, this residency offers a stable investment option alongside residency benefits, allowing full participation in the Kingdom’s thriving real estate market.
Limited Duration Residency: This flexible option offers renewable residency for an annual fee of SAR 100,000, ideal for those who seek to live in Saudi Arabia temporarily without long-term commitments.
Unlimited Duration Residency: For a one-time fee of SAR 800,000, this category grants permanent residency, providing unrestricted access to live, work, and invest in the Kingdom for life.
Benefits of Premium Residency
No Sponsorship Needed: Unlike traditional residency, the Premium Residency program offers full independence to live, work, and invest without needing a local sponsor.
Business Ownership: Residents can fully own businesses, invest freely, and participate in Saudi Arabia’s diverse sectors, including technology, tourism, and infrastructure.
Global Mobility: Premium Residency allows for easy and unrestricted travel to and from Saudi Arabia, making it perfect for international business leaders.
Family Benefits: Residency extends to immediate family members, ensuring a comfortable and stable environment for those relocating with their families.
This flexible program is designed for those who want to be part of Saudi Arabia's dynamic growth. With the right support, the application process can be smooth and straightforward, allowing you to fully benefit from the program.
At Beacon Management Consultants, we’ve successfully guided numerous clients through the process of obtaining Premium Residency, helping them unlock the full benefits of living and investing in Saudi Arabia.
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