About Saudi Arabia Citizenship and Residency

The Law in Saudi Arabia grants a special residency permit to qualified individuals who plan to invest in Saudi Arabia and allows them to bring their family members with them to reside in the country. Furthermore, such individuals have the legal right to own real estate in the kingdom and establish their corporations.

Saudi Arabia encourages more foreign nationals to the nation. The ”premium residency” permit is being made available with the aim of attracting overseas investment, as the economy of Saudi Arabia continues to evolve.

The Saudi Premium residency, or ”privileged iqama” scheme grants the permit holder the right to live, work, and own business and property in KSA without having a sponsor.

There are 2 types of premium residency: 

• ㅏ permanent residency permit comes for 800,000 Saudi Riyals (USD 213,300).
• ㅏ temporary residence permit is available and can be renewed annually, this costs 100,000 Saudi Riyals ($26,700).

Considering the opportunities Saudi Arabia offers, a residency visa will be considered a worthy investment by many entrepreneurs.

 

Advantages of Being a Premium Resident in KSA

• Own and run a business
• Have and own means of transport
• Invest money in Companies and Mecca and Medina Real Estate
• Get and change jobs freely
• Obtain Residency/visit Visa for family members
• Leave, Enter and Reside in Saudi without a sponsor’s permission
• Be exempt from expat levies
• Get processed at airport as Saudi nationals are
• Hire Domestic workers
• Own property and additional vehicles
• Use all Bank facilities freely
• Take treatment in hospitals and clinics

 

Benefits Of Saudi Arabia Premium Residency

• Enter and leave the kingdom, whenever you wish to
• Reside in the kingdom with your family
• Use special lanes, like airport lanes meant for Saudi Arabians, at the entry and exit points.
• Run and own a business, according to the Foreign Investment Law.
• Apply for a visit visa for your relatives.
• Own real estate anywhere, other than the border areas, Mecca and Medina. It can be for industrial, commercial, or residential purposes
• Hire domestic help or housemaids from outside the kingdom
• Work in the private sector and change jobs, as and when required. However, jobs particularly meant for Saudi nationals are not included in this.
• Under Saudi law, you can use real estate in Mecca and Medina, although you can’t own property there
• Own private transport and other movable objects, under the law of the kingdom
• Use banking facilities and access medical treatment at clinics and hospitals.

 

Saudi Arabia Residency Requirements And Qualifications

The following documents are mandatory for the premium residency status:

• at least 21 years of age
• 유효한 여권
• a valid Saudi Iqama or residency permit
• a clean and proven criminal record
• medical reports showing that your are free of any infectious or contagious diseases
• if you are applying from within the kingdom, you will need to show that your current residency status is legal.
• proof of your financial solvency through bank documents

 

단계 및 타임라인

Step 1: Registration and Account Set Up – before beginning the application process, you will need to fill up the registration online. The information required for this include your name, your father’s and grandfather’s name, passport expiry date, passport issue date and other personal details.

Step 2: Fill the Online Form – after your account is successfully created, you can proceed with filling up the online application form. Make sure you fill in all the details accurately to avoid any delays in processing or an outright rejection of your application. You will need to enter your passport information, information regarding your children and spouse, education details, details about your parents, insurance details, travel dates, property and real estate information and other general data. You will also need to provide details such as the amount present in your savings account, in an investment account and so on.

Step 3: Residency Issuance – the approval decision will be declared within a month of submitting the application. Keep in mind that a permanent residency does not make the applicant eligible for Saudi citizenship.

 

우리의 서비스

Privacy World는 거주 및/또는 시민권 취득 절차를 원할 뿐만 아니라 당사 전문가들이 다음과 같은 법적 방법을 찾는 모든 사람에게 서비스를 제공합니다.

• 귀하의 요구 사항에 가장 적합한 솔루션을 찾으십시오.
• 목표를 달성하는 데 도움이 되는 전략을 식별하고 배포합니다.
• 최고의 솔루션이나 변호사를 찾지 않고도 도움이 필요한 국가에서 당사의 네트워크를 활성화하십시오. 우리는 신중하게 심사하고 우리가 지지하는 개인 정보 보호의 지침과 원칙을 통과한 모든 국가의 허가된 사람들과만 협력합니다.
• 관료주의를 없애는 데 집중하고 프로세스를 가속화하십시오.
• 귀하의 사례에 대해 귀하와 적절한 의사 소통을 제공하십시오.
  … 그리고 무엇보다도: 거주지 또는 시민권을 획득하면서 신원에 대한 추가 개인 정보 보호 계층을 제공하는 법적 전략을 제공합니다!

Privacy World can also help you incorporate your company in Saudi Arabia, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

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