Saudi Arabia Golden visa
Saudi Arabia has recently introduced a game-changing initiative known as the Golden Visa, offering a pathway to residency for foreigners who meet specific criteria. This visionary program aims to attract talent, expertise, and investments to the Kingdom, positioning Saudi Arabia as an appealing destination for global professionals, entrepreneurs, and investors. And now, it is time to delve into the various aspects of the Saudi Arabia Golden Visa, including its price, requirements, benefits, and eligibility criteria, providing you with a comprehensive understanding of this groundbreaking opportunity!
Saudi Arabia's "Golden Visa" Residency Options
- One-Year Renewable Residency in Saudi Arabia
- Obtain permanent residency in Saudi Arabia, which is a more expensive choice. The premium residency card grants both the cardholder and their qualifying family members the privilege of residing in Saudi Arabia, as well as the freedom to invest in or work for private businesses. Additionally, it allows for unrestricted job mobility within the private sector. They are also entitled to a wide range of other benefits exclusive to holders of the premium residency card.
Note: Applicants interested in obtaining a premium residency visa in Saudi Arabia must submit their applications to the independent Premium Residency Center, which collaborates with government agencies and sectors to streamline the process.
Saudi Arabia Golden Visa Benefits
- Residency, work, and investment rights in Saudi Arabia for the Premium Residency holder and eligible family members within the private sector.
- Ownership of residential, commercial, and industrial real estate throughout Saudi Arabia (excluding Mecca, Madinah, and border regions) or a usufruct right for up to 99 years in Mecca and Madinah.
- Ownership and licensing of private transportation within Saudi Arabia.
- Provision of Visit Visas for a range of family members, such as parents, grandparents, grandchildren, siblings, and their children.
- Opportunities for Investment in the Saudi Capital Market
- Ability to recruit and arrange residency for foreign domestic workers.
- Freedom to travel in and out of Saudi Arabia at will, with access to lanes designated for Saudi citizens at airports.
- Retention of premium residency rights and benefits for the spouse and children under 21 in the event of the primary holder’s death.
Saudi Arabia golden visa eligibility
- Valid passport for the applicant.
- Minimum age of 21 years for the main applicant.
- Clean criminal record for all applicants.
- Documentation of the main applicant’s sources of income and financial stability.
- Submission of a recent medical report, issued within the last six months, confirming the absence of communicable diseases.
- If applying from within Saudi Arabia, evidence of legal residence in the Kingdom must be provided.
Required Documents for Saudi Arabia Golden Visa
- Scanned copies of the applicant’s passport and the passports of all family members included in the application.
- Recent personal photographs of all individuals included in the application.
- Evidence of Residential Address Verification: For applicants located outside Saudi Arabia, substantiating documents such as a utility bill should be provided as proof of their residence address. On the other hand, applicants within the Kingdom should furnish a residence card to validate their current address
- Submission of bank statements from the past 12 months.
- Provision of certified copies of the applicant’s academic credentials.
- An approved medical report indicating the health status of the applicant and their family members.
- Documents demonstrating the applicant’s financial solvency, such as payroll information, commercial register, or audited financial statements.
Please note that all documents should be in Arabic or English or accompanied by official translations into either language.
Saudi Arabia Golden Visa Application Steps
- Visit the official website of the Saudi Premium Residency Portal.
- Complete the initial application form, providing personal data, passport information, and your email address. Additionally, upload a personal photo.
- Verify your email address by following the verification link sent to you.
- Log in to your account and fill out the application form for Saudi Premium Residency. This form will require detailed information about yourself and any family members included in the application. You’ll also provide information on education, travel history, financial status, and other relevant details.
- Attach the required documents to support your application.
- Pay the application fee.
- Await the processing of your application. Once reviewed, you will receive a notification regarding the status of your application and whether your request for Saudi Premium Residency has been approved.
Saudi Arabia Golden Visa Price
Variations in Price for Saudi Premium Residency Based on Residency Type:
- Limited Duration Premium Residency: The cost for this option is 100,000 SAR (Saudi Arabian Riyals) per year.
- Unlimited Duration Premium Residency (Permanent): The price for permanent residency in Saudi Arabia is 800,000 SAR.
In addition to the residency fees, there is an application processing fee of 170 USD.
Frequently Asked Questions
What is the duration of residency for the Saudi Premium Residency?
Non-nationals have the opportunity to acquire a Saudi Premium Residency for a specific duration of one year, for a fee of 100,000 Saudi riyals. The validity of this residency permit can be extended indefinitely, with each additional year costing 100,000 Saudi riyals.
What are the benefits of Premium residency in Saudi Arabia?
Holders of premium residency in Saudi Arabia enjoy a range of benefits, including the ability to reside, invest, and work in the country without a sponsor. They have the freedom to change jobs within Saudi Arabia without sponsor approval and can own real estate, purchase and license vehicles, and access other exclusive privileges.
What is the difference between Investor Visa and Premium Residency in Saudi Arabia?
There are notable distinctions between the Saudi Investor Visa and the Premium Residency Card, summarized as follows:
- Ownership Requirement: The Investor Visa necessitates owning a legal investment entity, whereas the Premium Residency is open to any individual.
- Sponsorship Dependency: Premium Residency holders are not tied to a sponsor in Saudi Arabia, unlike Investor Visa holders, who are sponsored by their investment establishment.
- Employment Flexibility: Investor Visa holders are registered as "investors" on their residency card and are restricted from private sector employment, whereas Premium Residency holders can freely work in the private sector and change jobs.