Saudi Arabia

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: 

• A permanent residency permit comes for 800,000 Saudi Riyals (USD 213,300).
• A 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
• a valid passport
• 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

 

Steps And Timeline

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.

 

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expedite your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

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.

Want Privacy World to handle your case? Have any questions? Contact us!

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