The Kingdom of Saudi Arabia is located along the beautiful Arabian Gulf with pristine beaches, known for its quickly developing financial sector, tourist attraction, and oil boom. The Premium Residency Center was founded in January 2019, to draw in highly skilled individuals and investors to contribute to Saudi progress by offering them flexible options for housing, settlement, and work. Since then, investors have been utilizing this Saudi Arabian “golden visa” to open up opportunities for investment, residency, and a chance for citizenship.
The Saudi Premium Residency, globally known as a Golden Visa, offers a variety of so-called products or options, for different types of gifted individuals, investors and working professionals to live in the kingdom with a golden visa for 2, 5, or 10 years, and even permanent residency. The initial investment conditions vary on whether you are a licensed investor, working professional, or buying real estate. Real estate and business investments require a minimum of 4-7 million SAR, about 1 to 2 million USD, while year-long residencies come as affordable as 100,000 SAR.
With a Saudi residence permit, you can freely travel in and out of the kingdom, conduct business, and take advantage of some benefits previously only available to citizens. Ranked as one of the safest countries in the world, with a strong economic growth diversifying out of its large oil reliance, it is no surprise that many seek a Saudi premium residency through investment.
The Saudi Arabia residency program offers numerous ways for foreigners all over the world to live, work, and conduct business in this global financial capital. It offers skilled individuals and diverse investors a chance to enjoy some of the same benefits as citizens.
With Saudi Premium Residency, you don’t have to worry about expat taxes on your income and your dependents. You will have an upper hand on expats with the tax benefits close to that of citizens.
With permanent residency in Saudi Arabia, you have the freedom to move around within the country, switch jobs, and come and go with your family as you please. You and your family can also enjoy flight tracks previously reserved just for citizens.
Reside in Saudi with family members, including parents, spouses, and children under 25. Those who do not want residency can just get visiting family visas for easy travel to the country.
After living in the country for 10 consecutive years, becoming familiar with the Arabic language, and meeting all other qualifications, you may be eligible for Saudi citizenship and can apply.
A whole world of real estate opportunities opens up to premium residents of Saudi Arabia. With a golden visa, residents can buy and rent out property wherever they please.
For those who are only conducting business short term, there are Saudi residency options for about 100,000 SAR a year with other fees to be paid during the application process.
For those seeking permanent residency in Saudi Arabia and want the status of their residency to fully extend to their family, the Unlimited Duration Premium Residency offers the full package for just an 800,000 SAR fee.
Researchers and Healthcare professionals who want residency require the necessary work experience, academic qualifications, and employer recommendation letters to apply. Researchers must earn a minimum of SAR 14,000 monthly, while Healthcare and Scientific Professionals should earn SAR 35,000 monthly.
Executive-level professionals, on the other hand, must secure a total monthly wage of at least SAR 80,000 and provide a recommendation letter from their employer.
This qualifies special talent for a 5 year Saudi residency program through employment which can become permanent for those eligible.
Recognized gifted artists and specialists who meet all criteria of the Ministry of Sports and Culture and have an income to meet their cost of living can gain Saudi residency for 5 years with an option to extend.
For those holding an investment license, permanent Saudi residency can be acquired by investing a minimum of 7 million SAR in economic activities in Saudi within the Investment Law within the first two years as well as creating 10 jobs.
Saudi Arabian residency can be earned by purchasing already developed residential real estate assets worth a minimum of SAR 4,000,000 that are free from mortgages and are approved by the Saudi Authority for Accredited Valuers “Taqeem.”
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.
Acquiring a premium residency in the Kingdom of Saudi Arabia is a clear-cut process with well-defined requirements. Get all the information you need through a consultation with a professional like Mirabello Consultancy and get started on your application process.
The first thing in considering applying for permanent residency in Saudi Arabia is knowing if you are going to be qualified. You need a qualified professional guide to consult you through the process, check your qualifications, and keep your expectations grounded in reality.
It is important to scout out what available investments you can make in Saudi Arabia for permanent residency. Those with investment licenses can search for approved opportunities through The Investment law. Those seeking property can learn more about what kinds of properties qualify for real estate investment for permanent residency. Our team has specialists ready to advise you on what to look for.
After due diligence is cleared and your background check clears, your specialist will help you get your paperwork in order. All of your original documents need to be translated, notarized, and sent to be checked over by our notary specialists to make sure everything is in order.
Saudi Arabia, along with other Gulf countries, requires their permanent residency applicants to go for a medical examination to check for infections and diseases. This has to be completed 6 months before finishing the application process.
Once all the preliminary work is done, you will finally submit the final part of your Saudi premium residency application, which we will assist you with throughout the process, to make sure everything goes through smoothly. Once all of your biometric data is submitted along with all of your paperwork, you can expect your Saudi permanent premium residency to be available anywhere from one to three months.
Start your Saudi Premium Residency Application today by clicking on this APPLY NOW.
Your spouse and dependent children up to the age of 25 are eligible for residency and other family members can obtain visiting visas.
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.
