Saudi Arabia's Premium Residency Center introduced five new advanced premium residency packages on Wednesday. This initiative aligns with the country's goal of establishing itself as a leading global hub, attracting and supporting talented professionals, investors, and entrepreneurs.
The introduction of these packages marks a significant step in Saudi Arabia's transition to a diversified, knowledge-based economy. The five additional premium residency categories are:
- Premium Residency for Special Talent
- Premium Residence for Experienced People
- Premium Residence for Investors
- Premium Residence for Entrepreneurs
- Residence for Property Owners.
Each category is customized for specific industries and expertise, with the aim of attracting skilled individuals and investments that will make a substantial contribution to the country's economic environment.
- The residency program for 'Special Talent'‘' is specifically designed for executives and professionals in the fields of health, science and research. It aims to attract individuals with exceptional skills who can contribute to the advancement of knowledge and technology.
- The main objective of the residency program for 'Experienced Individuals'‘ is to attract skilled experts to Saudi Arabia's thriving cultural and sporting industries.
- The 'Investors' Residency Program‘ is aimed at people interested in the growing business opportunities in Saudi Arabia and eager to make significant financial gains.
- The 'Entrepreneurs' Residency Program‘ targets ambitious entrepreneurs and owners of innovative projects, encouraging them to establish their start-ups within the Kingdom of Saudi Arabia.
- The residence for 'Property Owners'‘ This program was specifically designed for those who own real estate in Saudi Arabia. It aims to offer them an exceptional standard of living and the opportunity to benefit from the country's growing real estate market.
7 Possible eligibility criteria for obtaining one of the five privileged visas in Saudi Arabia.
- 1-Are you an investor with multiple investments in Saudi Arabia totaling at least 7 million SAR? To be eligible to apply, you must provide documentation proving that you own such investments. For more details, please see the investor residency requirements.
- 2-Do you own real estate in Saudi Arabia with a total value of at least 4 million SAR? To be eligible to apply, you must provide documentation proving that you own an unmortgaged property. For more information, please see the homeowner residency requirements.
- 3-Are you an entrepreneur with a project involving investments of at least SAR 400,000? To be eligible for the application, you must submit documents demonstrating your involvement in the project and SAPRC-approved venture capital fund investments in your project. For more details, please refer to the Entrepreneur Residency Requirements.
- 4-Are you an experienced specialist currently employed in Saudi Arabia or wishing to work there? To be eligible to apply, you must pass the points system and then provide proof of a bachelor's degree and at least three years of experience in your field. For more information, please see the residency requirements for special talents.
- 5-Are you a CEO working in the private or public sector in Saudi Arabia? To be eligible to apply, you must submit an employment contract from one of the companies listed among the selected companies and meet the requirements specified for executives. For more details, please refer to the residency requirements for special talents.
- 6-Are you an athlete or sports specialist with tangible sporting achievements in Saudi Arabia or abroad? Sports categories include: athletes, coaches, referees, sports agents, and executives. For more information, please see the residency requirements for talented individuals.
- 7-Are you a specialist or a gifted talent in the arts or culture sectors with tangible achievements in Saudi Arabia or abroad? These sectors include: architecture and design, museums, heritage, visual arts, theatre and performing arts, film, music, and culinary arts. For more information, please consult the residency requirements for gifted individuals.
These products, created in cooperation with several authorities, offer a variety of benefits to their holders, including participation in commercial transactions, ownership of real estate, and obtaining work permits for themselves and their dependents.
To get all the latest news, please join our Telegram group. CLICK HERE
The Residence Center Premium aims to provide opportunities to individuals capable of contributing to the rapid development of Saudi Arabia and the realization of the country's Vision 2030.
Saudi Arabia's strategic decision is expected to accelerate its economic diversification and expansion, attracting a global workforce and investment that will shape its future.
