Your dream of living and investing in the Kingdom of Saudi Arabia is closer than ever. With the Saudi Premium Residency program, you can enjoy a life of unparalleled opportunity, security, and prestige in one of the most dynamic countries in the world. Let Mirabello guide you through every step of the process.
The Saudi Premium Residency program, also referred to as the Saudi Green Card or Golden Visa Saudi Arabia, offers foreigners a chance to live, work, and invest in Saudi Arabia without the need for a local sponsor. It caters to professionals, entrepreneurs, and investors seeking a stable and rewarding lifestyle in the Kingdom.
The Saudi Arabia Premium Residency Program offers unparalleled advantages for foreign professionals, investors, and entrepreneurs seeking a long-term residence in the Kingdom. Below are the extensive benefits:
The investor must invest a minimum of SAR 4,000,000 into purchasing an already developed property that is free from mortgages or SAR 7,000,000 into the economy to create at least 10 jobs.
The residency extends to a spouse, children under 25, as well as parents.
The applicant must prove that they do not have a criminal record in any country where he or she has resided.
The Saudi Premium Residency Program offers various pathways for foreign nationals to reside, work, and invest in Saudi Arabia without the need for a local sponsor. Each category is tailored to attract specific talents and investments, aligning with the Kingdom’s Vision 2030 objectives. Below are the available options:
Embarking on the journey to secure Saudi Arabia Premium Residency by Investment is a streamlined and rewarding process. With Mirabello’s expert guidance, you’ll navigate each step efficiently, from selecting the ideal investment path to receiving your residency permit. Below is a detailed timeline to help you understand the milestones and ensure a smooth transition to your new life in Saudi Arabia.
Start with a tailored consultation to assess your eligibility and select the best investment pathway for the Saudi Premium Residency program.
Choose your preferred investment type—real estate, business, or other eligible options—and develop a comprehensive investment plan with Mirabello’s guidance.
Prepare necessary documents, including financial proof, investment details, and personal identification, ensuring all requirements are met for submission.
Submit your application and supporting documents to the relevant Saudi authorities for evaluation under the Premium Residency by Investment Program.
Authorities conduct thorough due diligence on your application, including background and financial checks. Mirabello assists with any additional documentation or queries.
Receive preliminary approval, allowing you to finalize your selected investment or meet any outstanding criteria within a specified timeframe.
Complete your investment, and upon verification, your Saudi Arabia Premium Residency is issued, granting you full access to its privileges.
Settle into Saudi Arabia with ongoing support from Mirabello, ensuring a smooth transition to your new lifestyle and investment environment.
Saudi Arabia’s tax system is structured to promote economic growth and attract foreign investment. Below is a detailed overview of the key tax components:
1. Personal Income Tax
Absence of Personal Income Tax: Individuals, whether Saudi nationals or expatriates, are not subject to personal income tax on their earnings. This policy enhances the Kingdom’s appeal to foreign workers and investors.
2. Corporate Income Tax
Standard Rate: A 20% corporate tax rate applies to non-Saudi and non-GCC (Gulf Cooperation Council) entities operating within Saudi Arabia. This tax is levied on net adjusted profits.
Oil and Hydrocarbon Sector: Companies engaged in the extraction and production of oil and hydrocarbons are subject to higher tax rates, which can range up to 85%, depending on specific criteria and production levels.
3. Zakat
Applicability: Zakat is an Islamic levy imposed on Saudi and GCC nationals and wholly owned entities. It is calculated at 2.5% of the Zakat base, which generally represents the net worth of the business.
4. Value-Added Tax (VAT)
Standard Rate: A 15% VAT is imposed on most goods and services, effective from July 2020. Certain essential goods and services may be exempt or subject to zero-rating, as specified by law.
5. Withholding Tax
Applicability: Payments made by Saudi-resident entities to non-resident parties for services rendered are subject to withholding tax. Rates vary based on the nature of the payment:
6. Social Insurance Contributions
7. Real Estate Transaction Tax (RETT)
Rate: A 5% tax is levied on the total value of real estate transactions, including sales, transfers, and similar activities. Certain exemptions may apply, such as transfers between immediate family members.
8. Excise Tax
Applicability: Excise taxes are imposed on specific goods deemed harmful to public health or the environment, including:
9. Customs Duties
Standard Rate: Customs duties are applied to imported goods, with rates varying depending on the type of product. Certain essential goods may be exempt or subject to reduced rates to promote affordability.
Begin your journey with a personalized consultation to assess your eligibility and identify the best pathway for securing your Saudi Arabia Premium Residency.
Our experts guide you in gathering all required documents, including proof of financial solvency, personal identification, and medical fitness, ensuring a smooth application process.
Present evidence of your financial capacity and finalize your investment or residency plan under the guidance of Mirabello’s experienced consultants.
Submit your completed application along with all supporting documents to the Saudi Premium Residency Center for evaluation and approval.
Saudi authorities conduct a thorough review of your application, including background checks and financial assessments, to ensure compliance with program requirements.
Receive preliminary approval, granting you the opportunity to finalize your investment or residency arrangements within a specified timeframe.
Upon successful completion of all requirements, your Saudi Arabia Premium Residency is issued, providing full access to the program’s benefits.
Settle into your new life in Saudi Arabia with continued support from Mirabello, ensuring a seamless transition and access to all residency privileges.
Yearly residency comes around at 100,000 SAR (about 30,000 USD) plus fees every year while premium permanent residency starts at 4,000,000 SAR (about 1,000,000 USD). There are much stricter requirements for acquiring permanent residency through investment or real estate, so it is best to consult with a professional agent.
Those who hold Premium Residency in Saudi Arabia can enjoy purchasing property, moving as they please, and changing employment. They are not tied down to any sponsors and can take advantage of benefits citizens can enjoy like investment laws, preferred air travel, and lower taxes.
Yes, as of December 2024, over 1,200 foreign investors have been granted premium residency in Saudi Arabia.
Eligibility criteria include being at least 21 years old, possessing a valid passport, demonstrating financial solvency, maintaining a clean criminal record, and providing proof of medical fitness. Specific categories, such as investors, entrepreneurs, and individuals with special talents, may have additional requirements.
The program offers two primary options: a one-time fee of SAR 800,000 (approximately USD 213,000) for permanent residency, or an annual renewable residency for SAR 100,000 (approximately USD 26,000).
Saudi Arabia's Premium Residency programme offers multiple categories to accommodate different types of applicants. Each category has distinct financial thresholds and eligibility criteria, allowing the Kingdom to attract a diverse range of international talent and capital.
All categories benefit from Saudi Arabia's zero income tax environment and processing times of just 4 to 6 weeks — among the fastest of any major residency programme globally. Contact Mirabello Consultancy for a personalised eligibility assessment.
Saudi Arabia Premium Residency has one of the fastest processing times of any major residency-by-investment programme, with typical approval timelines of just 4 to 6 weeks from complete application submission. This speed is a significant competitive advantage.
Compared to programmes in Europe (3-18 months) or North America (12-36 months), Saudi Arabia's turnaround is exceptionally fast. However, incomplete applications or additional information requests can extend the timeline. Mirabello Consultancy ensures your application is thoroughly prepared before submission to achieve the fastest possible processing.
Yes, Saudi Arabia's Premium Residency programme allows you to sponsor your immediate family members, enabling them to live in the Kingdom with you. Family inclusion is a core feature of the programme.
Family members sponsored under Premium Residency enjoy the right to live in Saudi Arabia and benefit from the Kingdom's zero income tax environment. As Saudi Arabia continues to develop under Vision 2030, the quality of life, infrastructure, and international amenities available to residents continues to improve. Mirabello Consultancy can advise on the family sponsorship process and associated costs.
Saudi Arabia offers one of the most tax-favourable environments in the world, and Premium Residency holders benefit fully from this regime. For high-net-worth individuals seeking to optimise their global tax position, Saudi Arabia's framework is exceptionally attractive.
The tax environment, combined with rapid processing and a growing international business ecosystem under Vision 2030, makes Saudi Premium Residency increasingly competitive. Professional tax advice tailored to your home country obligations is essential. Mirabello Consultancy works with international tax advisers to provide comprehensive guidance.
Both Saudi Arabia Premium Residency and the UAE Golden Visa are premier GCC residency programmes, but they differ in several important respects. The best choice depends on your investment profile, business interests, and lifestyle preferences.
Many investors choose to hold both, using the UAE as an established international hub and Saudi Arabia for access to the Kingdom's growing market. Mirabello Consultancy has offices in both Zurich and Dubai and can advise on the optimal GCC residency strategy for your profile.