Premium Residency Visas Saudi Arabia
Saudi Arabia Premium Residency Visas
Imagine a future where your company’s unique talent and investments not only provide a prosperous life but also contribute to the nation’s growth. This vision is becoming a reality in Saudi Arabia. With the ambitious Vision 2030 reform, KSA has introduced the premium residency visa program. The main objective of the premium residency visa program is to open up new avenues for investors and global talents.
At Company Setup Saudi Arabia, our team is here to guide you on the premium residency visas. KSA has introduced five new premium residency visa types. They are the entrepreneur, real estate owner residency, special talent, gifted, and investor.
Saudi Arabia offers an exceptional opportunity for global talent and business leaders through its premium residency visas. These visas are tailored to attract investors, entrepreneurs, and highly skilled professionals who wish to live, work, and thrive in KSA. Whether you’re considering moving to Riyadh or another city, these special visas provide a pathway to a prosperous future in the Kingdom.
Saudi Premium Residency Visas: Key Benefits for Business and Lifestyle
At Company Setup Saudi Arabia, we provide detailed guidance on the benefits of premium residency visas. Here are the types of premium residency visas that every entrepreneur must be aware of.
- Special Talent Residency
The special talent visa is suitable for healthcare professionals, scientists, or researchers. For eligibility, you need a bachelor’s degree with three years of experience and employer endorsement. You must maintain such eligibility so that, in due time, you can renew and go for permanent residency.
- Gifted Residency
The gifted residency visa is for talented individuals in culture and sport. You need a ministry endorsement. Meet the criteria for five years, and you can renew or apply for permanent residency.
- Special Talent Residency
The special talent visa is suitable for healthcare professionals, scientists, or researchers. For eligibility, you need a bachelor’s degree with three years of experience and employer endorsement. You must maintain such eligibility so that, in due time, you can renew and go for permanent residency.
- Gifted Residency
The gifted residency visa is for talented individuals in culture and sport. You need a ministry endorsement. Meet the criteria for five years, and you can renew or apply for permanent residency.
- Investor Residency:
The investor visa requires an investment of SAR 7 million, 793,333 USD. Moreover, investors must create employment within two years in Riyadh. It offers direct permanent residency upon meeting these criteria and contributing to the economic growth of Saudi Arabia.
- Entrepreneur Residency
Entrepreneurs starting their businesses in Saudi Arabia can avail of the entrepreneur visa based on investment and ownership criteria. This entrepreneur visa is permanent if job creation and sustained business growth can be achieved.
- Real Estate Ownership
If you own SAR 4 million in property, this residency allows you to live in Saudi Arabia. The property must be free of mortgages and fully developed. Residency is tied to property ownership in Riyadh and across all areas in KSA.
The different types of premium residency visas come with a host of unique advantages in Saudi Arabia. As an investor or an entrepreneur, the visas allow you to focus on the development of your business, aside from the usual bureaucratic challenges.
With a special emphasis on attracting talent, these visas make it easier for professionals and gifted individuals to bring their expertise to KSA. You can choose between limited or unlimited-duration residency options, too. For more information on premium residency visas, reach out to our team today.