Movicap INVESTMENT
Saudi Arabia
Saudi Arabia's Premium Residency Law allows eligible foreign nationals to reside in the Kingdom either on a renewable basis or as permanent residents. It removes the need for a local sponsor and grants the right to live, work, invest and own real estate in Saudi Arabia.
Residence options
Limited Duration Premium Residency
Proof of financial solvency and payment of an annual fee of SAR 100,000 (approximately USD 27,000). Valid for one year and renewable annually.
Unlimited Duration Premium Residency
Proof of financial solvency and a one-time fee of SAR 800,000 (approximately USD 213,000). Grants permanent residence.
Investor Residency
One or more valid investment licences, or an investment registration with a minimum value of SAR 7 million (approximately USD 1.87 million) attributable to the applicant's ownership share, together with valid commercial registration, articles of association and at least 10 employees attributable to that share.
Real Estate Owner Residency
Ownership of developed residential property in Saudi Arabia valued at a minimum of SAR 4 million (approximately USD 1.07 million), free of mortgages and real estate financing, appraised by a Taqeem-accredited valuer. Residency remains valid only while qualifying ownership is maintained.
Entrepreneur Residency
Category 1: a minimum of SAR 400,000 (approximately USD 107,000) raised from an accredited investment entity and 20% equity, valid for five years, renewable once, with eligibility for permanent residence. Category 2: a minimum of SAR 15 million (approximately USD 4 million) raised from an accredited investment entity and 5% equity, with permanent residence granted subject to job-creation requirements.
Special Talent and Gifted Residency
For professionals specialised in healthcare, science and research who meet eligibility and income criteria, and for individuals with outstanding achievements in cultural or sports fields. Issued for five years, renewable once, with eligibility for permanent residence.
Key conditions
- ·Valid passport
- ·Proof of financial solvency and lawful origin of funds
- ·Recent clean criminal record certificate
- ·Medical certificate issued by a recognised institution
- ·Compliance with the criteria of the selected residency category
- ·Maintenance of eligibility and presence requirements, and of the property or investment where applicable
- ·Submission through the official Premium Residency portal and payment of the applicable fees
Benefits
- ·Right to live, work and study in Saudi Arabia without a local sponsor
- ·Option to extend residency to family members, including parents
- ·Right to own real estate in Saudi Arabia and to conduct business activities
- ·Freedom to travel to and from the Kingdom without a visa
- ·Exemption from fees imposed on expatriates and their dependents
- ·Permission to host and invite relatives
- ·Access to citizen and GCC-designated airport tracks
- ·Access to modern infrastructure, world-class healthcare and education
Estimated timeline
Estimated duration: 2 to 6 months depending on the chosen category, file completeness and checks by the Saudi authorities. Residency is issued on either a renewable or permanent basis depending on the category.
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