The Saudi Arabia premium residency is the most remarkable visa scheme in the Saudi Kingdom. It grants foreigners the privilege of residency to live and work, start businesses, and own property in Saudi Arabia. However, like regular visa schemes, a local sponsor is not required to process the premium residency KSA visa application. This prestigious visa scheme attracts the most expert professionals, entrepreneurs, and businesses seeking growth and success. It’s a vital move for the Middle East’s diverse economic landscapes and attracts investors from worldwide for financial and business growth.
The Saudi Arabia government has offered the Saudi Green Card program, which provides a one-year renewable residency and a permanent residency for an unlimited period. Now, the Saudi Kingdom offers more options for Saudi premium residency through a quick and easy application process and flexible eligibility criteria.
This guide explains what is premium residency in Saudi Arabia and what are the requirements, types, and benefits for this visa program. Let’s dive into the detailed overview;
What is Premium Residency in Saudi Arabia?
The Premium Residency in the Saudi Kingdom offers a residency permit with multiple benefits and perks. This visa program attracts businesses, professionals, and investors to stay, work, and invest in the Saudi Kingdom with significant perks. This special visa scheme grants independent visas without the requirement of a local sponsor in the KSA.
It is referred to as Saudi Green Card and can be temporary or permanent. Specialists and professionals like doctors, engineers, tech professionals, and creative minds can avail of temporary residency options for one year or more. However, businesses and investors investing a certain amount in Saudi properties can avail of permanent residency with several perks. The Premium residency visa extends economic growth and attracts a pool of talent seeking long-term residency in KSA.
Type of Saudi Arabia Premium Residency
These are the types of Saudi Arabia Premium Residency scheme. You can choose the visa type according to your criteria and preferences;
Limited Duration Saudi Arabia Premium Residency;
Foreigners can acquire a limited-duration premium residency visa for a specific period of one year to five years. This limited premium residency visa is renewable at a certain cost charged per annum. Applicants can avail of two percent discounts on visa fees for more than one year of the visa program.
Unlimited Duration Saudi Arabia Premium Residency;
The unlimited-duration Saudi Premium Residency visa is also available for professionals and businesses seeking permanent residency in the Saudi Kingdom. They can acquire permanent residency for an unlimited period with a certain visa fee of eight lacs Saudi Riyals for one-time charges. They can avail of several perks as a permanent resident in KSA with family. They can sponsor their family for permanent residency, such as spouses, children under the age of twenty-five, and parents. Family members also obtain a premium residency status in KSA without additional charges. This premium residency visa does not require renewals or extra charges.
Property Owner Saudi Arabia Premium Residency;
Foreigners can purchase and own a property for a minimum of forty lacs Saudi Riyals to acquire a property owner premium residency visa in KSA. This visa scheme implies certain conditions, such as they must own a residential, already constructed, and developed property. Bare land, plots, or under-construction property is not eligible for this visa policy. These residential properties can’t be mortgaged before or after acquiring the residency visa.
Investor Saudi Arabia Premium Residency
The investor premium residency visa in KSA offers various benefits to attract potential businesses and investors. Investors seeking multiple resources to earn profits through investments can acquire this premium residency visa in KSA with a minimum of seven million Saudi Riyals and offer ten employment opportunities in the Saudi Kingdom within the starting years of Saudi residency. The visa applicants must obtain a license from the Saudi Kingdom’s Ministry of Investment, commercial registration, and submit their company’s memorandum of association. These papers are required to verify shareholder’s equity to meet the criteria for the required investment share.
Creative Minds and Top Talent Saudi Arabia Premium Residency
Creative minds and top-tier talent with specialized skills and expertise, such as software engineers, tech professionals, doctors, and research professionals, are eligible for this visa category. They must have a valid employment contract, relevant experience according to their special expertise, and a letter of recommendation from their employer with a certain salary of a minimum of fourteen thousand Saudi Riyals to qualify for this visa category. The applicants can obtain a five-year renewable residency, which can be transformed into a permanent residency with several benefits.
Benefits of Saudi Arabia Premium Residency
You can avail of several perks and benefits to acquire this premium residency visa in KSA;
The premium residency visa holder can live and work for a long time or permanently with family, enjoy the benefits of Saudi residents and community activities, and freely switch work and travel anywhere in the KSA.
They can own residential or commercial property anywhere in KSA. Mecca, Madina, and borders are not omitted. They can also legally invest in the Saudi Market.
They can obtain a driving license for personal vehicles and are free to enter and depart from Saudi Arabia.
They can hire and sponsor foreign and local domestic workers with residency.
How to Get Premium Residency in Saudi Arabia
The Saudi premium residency visa process is simple and easy. These are essential steps to process the visa application according to your criteria, visa category, and requirements;
Register an Account
The official web portal of Saudi Premium Residency Visa Authorities provides online registration for an account by submitting accurate personal and contact information. Verify your contact information to proceed with the application process.
Complete the Application Form
Fill out the application form with all the required information correctly to avoid legal issues, such as passport copies, personal details, and current photographs.
Required Document Submission
The required documents for the premium residency visa scheme in KSA are as follows;
- Visa applicant’s valid passport copies and family passport copies.
- Current photographs of visa applicants and family members.
- The residents can provide existing residency cards for visa renewals, and foreigners can provide proof of address.
- Visa applicants need to provide valid copies of all educational certifications and degrees.
- If the visa applicant is employed, they must show their salary slip.
- Visa applicants must provide proof of financial security with last year’s bank statements.
- The visa applicants and their family members must provide health assessment reports from valid health institutions in KSA.
Pay the Application Fee
At last, the visa applicant can pay the visa fee according to their visa category.
Cost of Saudi Premium Residency
The cost of a Saudi premium residency visa depends on the visa categories;
- Limited duration premium residency visa applicants in KSA are required to pay one lac Saudi Riyals per annum with a two percent discount annually.
- Unlimited duration premium residency visa applicants in KSA are required to pay eight lac Saudi Riyals for a one-time payment without any extra charges.
- Top Talent and expert professional premium residency visa applicants in KSA are required to pay four thousand Saudi Riyals.
- Property owner premium residency visa applicants in KSA are required to pay four thousand Saudi Riyals.
- Investors premium residency visa applicants in KSA are required to pay four thousand Saudi Riyals.
Conclusion;
The above article provides all the relevant information about the premium residency visa in KSA and the step-by-step process of how to get a premium residency in Saudi Arabia. However, the rules and regulations and visa fees can be changed and updated. You can go through the relevant authority’s official website or contact us for updates.
Saudi Company Formation is a leading service that guides you through the process of obtaining a visa and company establishment in the Saudi Kingdom with all legal formalities.
