Premium Residency in Saudi Arabia.
Guaranteed Premium Residency in Saudi Arabia with Massar. Secure and enjoy all the offered Premium residency Saudi Arabia Benefits with us.
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Premium Residency in Saudi Arabia
What is Premium Iqama in
Saudi Arabia?
The Premium Iqama or Premium Residency in Saudi Arabia is a residence permit issued by the Saudi government to expatriates who wish to reside in Saudi while enjoying many of the same privileges enjoyed by Saudi nationals. Authorized by Royal decree and Council of Ministers’ approval, It gives expatriates the right to own property and vehicles and invest capital in Saudi without sponsorship. This program positions Saudi Arabia as a prominent investment destination, offering not only business-friendly regulations but also enticing advantages for residents. With Premium Residency, cardholders can enjoy the privilege of residing in the country without being subject to dependent fees, making it a compelling incentive for foreign nationals to actively participate, invest, and contribute to the Saudi economy.
Premium Residency Saudi Arabia Benefits
A Premium Residency visa in Saudi Arabia offers important benefits that can make a big difference in your living experience in Saudi Arabia.
No Sponsorship
Required
Unlike a traditional iqama, the Premium Residency visa does not require a local to sponsor your residency permit in Saudi Arabia.
Multiple Entry and Exits
Premium Residency visa holders get the freedom to move in and out of Saudi Arabia without any hassle.
Changing of Jobs
It gives you the freedom to change employers and explore opportunities in the Saudi job market.
Business Ownership
Premium Residency holders can engage in business activities, either as individuals or as joint ventures.
Control Over Capital
It gives you the freedom to invest in the Saudi capital market, as well as manage and maintain control over capital.
Real Estate
Premium Residency visa holders can invest and trade in real estate for commercial or industrial purposes.
Private Property
There is no limit to the number of properties Premium Residency visa holders can purchase.
Private Transport Ownership
Premium Residency visa holders in Saudi Arabia have the right to own and license cars and other means of private transportation in their name.
About Massar Arabia
How Will Massar Help You For Saudi Premium Residency?
Massar simplifies the process of securing Saudi Premium Residency, offering solid support from the start to end, that is from application procedure, document preparation to finally obtaining it in your hands. Our services streamline the path to acquiring premium residency in Saudi Arabia, ensuring a better and efficient experience for foreign residents in the country.
What are the 7 Types of Saudi Premium Residency?
The Kingdom of Saudi Arabia recently launched five new types of Premium Iqamas, taking the total number to seven. Their details are as follows:
Special Talent
Residency
This type of premium residency is designed for professionals who are specialized in the fields of healthcare, science, and research. It is also applicable for business executives seeking residency in the Kingdom. The holders of Special Talent premium residency are exempted from the "Nitaqat" Program.
Gifted Residency
This is specially crafted for individuals excelling in sports or extra-curricular activities. The Kingdom of Saudi Arabia aims to become a top choice for exceptional talents seeking residency and access to the kingdom’s superior healthcare, educational, and infrastructure facilities.
Investor Residency
This type of premium residency is specially designed to increase foreign investment in Saudi Arabia. It looks to provide premium residency options for foreign investors who want to explore investment opportunities in the kingdom.
Entrepreneur Residency
The premium residency type is specially designed for new budding entrepreneurs who want to start their business in Saudi Arabia. This type of premium residency allows the visa holder to be exempted from the ‘Nitaqat’ scheme for 3 years. They can also nominate 2 expatriate staff members for the ‘Special Talent’ premium residency.
Real Estate Owner Residency
This type of premium residency is specially designed for foreigners who have made investments in real estate in Saudi Arabia. It is an exciting initiative that will help applicants to reside in Saudi Arabia and enjoy their property with premium residency status.
Limited Duration Saudi
Premium Residency
Limited duration Saudi premium residency is suitable for those looking to pursue a limited stay in Saudi Arabia or plan to conduct short-term projects. It is valid for one year with the option to renew an unlimited number of times.
Unlimited Duration Saudi
Premium Residency
Unlimited duration Saudi premium residency is suitable for those looking for a permanent stay in the Kingdom of Saudi Arabia. It is ideal for those who are looking for long-term residence, investment, or career options in Saudi.
Who is Eligible for Premium Residency?
We will be discussing here in detail the various criteria given to gain a Premium Residency in Saudi Arabia:
Special Talent Residency
- Applicants working as health and science professionals need to earn a minimum monthly salary of SAR 35,000.
- Applicants working as researchers need to earn a minimum monthly salary of SAR 14,000.
Gifted Residency
- This type of premium residency comes in two categories with eligibility criteria for each as follows:
i) Applicant should be nominated or receiving awards approved by the Ministry of Culture and Ministry of Sport. ii) The applicant needs to meet the eligibility requirements approved by the Ministry of Culture and the Ministry of Sport.
- The applicant must also secure an endorsement from either the Ministry of Culture or the Ministry of Sports
Investor Residency
- The eligibility criteria for investor premium residency include a minimum investment of SAR 7 million in the Saudi economy.
- The applicant also needs to submit the commercial register and articles of incorporation of their company.
Entrepreneur Residency
- It has two different categories with the following eligibility criteria:
i) Applicant should be nominated or receiving awards approved by the Ministry of Culture and Ministry of Sport. ii) The applicant needs to meet the eligibility requirements approved by the Ministry of Culture and the Ministry of Sport.
- The applicant should hold an entrepreneur license from the Ministry of Investment.
Real Estate Owner Residency
- The applicant needs to own real estate in Saudi worth at least SAR 4 million.
- The property must be free from existing and future mortgages.
- The real estate must be for residential purposes.
Limited Duration Saudi Premium Residency
- This type of premium residency does not have any specific eligibility criteria but is open to all.
- It costs SAR 100,000 with a validity of one year.
Unlimited Duration Saudi Premium Residency
- This type of premium residency also does not have any specific eligibility criteria but is open to all.
- The fee for the unlimited duration of residency is SAR 800,000 with lifetime validity.
How To Get Premium Residency In Saudi Arabia?
To apply for the Premium residency program, applicants must meet specific criteria, including age, a clear criminal record, and financial stability. To apply for Saudi Premium Residency, follow these 4 steps:
1. Register Your Account
Go to the Saudi Arabia Premium Residency portal and click on the ‘Register Now’ button. You will need to fill out the registration form including your full name, passport details, email address, and phone number.
2. Request for Premium Residency
Login into your registered account and complete the application form. You will be asked to provide personal as well as other background information about your family, education, occupation, and finances.
3. Upload Documents
Upload documents supporting the information provided such as a digital scan of your passport, birth certificate, marriage certificate, bank statement, employment contract, etc. On completing this, the application fee can be paid through the portal.
4. Review & Submit
All the information you have entered must be reviewed for accuracy before submitting. Click on the ‘Submit’ button to finish your application process.
What are the
Requirements for Premium
Residency In Saudi Arabia?
The following documents are necessary to be eligible for a Saudi Premium Residency visa:
Key requirements include:
- Scanned copies of the applicant’s passport and the passports of all family members should be included in the application
- Recent personal photos of all individuals are required in the application.
- Proof of residence address if the applicant is applying from outside Saudi Arabia, or a residence card if applying from within the Kingdom.
- Bank statements of the previous 12 months.
- Certified copies of the applicant’s academic qualifications.
- An approved medical report showing the health status of the applicant and their family members.
- Documents proving the applicant’s financial solvency, such as payroll, commercial register, or audited financial statements.
- Please note that all documents must be written in Arabic or English or be accompanied by official translations into either language.
Validity and Renewal for
Saudi Premium Residency With Analytix
Analytix stands as your reliable premium residency center in Saudi Arabia, providing support that extends beyond streamlining the acquisition process. Our hallmark of excellence includes handling the validity of your premium residency. Experience the convenience of a straightforward renewal process under the management of our expert consultants. We also oversee the renewal procedure at the needed time, leveraging our experience related to Saudi laws and regulations.
We Cover All Major Locations in KSA.
Analytix serves as your ultimate advisor, operating strategically in key locations throughout Saudi Arabia, offering all-encompassing solutions for your business needs.
Dammam
We’ve stood for our reputation as a leading entity in Dammam, Analytix coordinates the fast acquisition of your premium residency with ease.
Riyadh
Analytix customizes budget-friendly solutions for obtaining your premium residency in the capital city, Riyadh according to your set-in terms
Jeddah
We serve as your primary ally for premium residency in Jeddah, bringing corporate essentials to meet your every requirement.
Schedule a Free Consultation with our Business Advisor
Our team of experienced business setup experts is here to guide you through the process. Book a FREE business consultation call today and get answers to your most crucial question
- What is the ideal business structure for your goals?
- Which Saudi jurisdiction suits your business type?
- How can you benefit from Saudi’s tax advantages?
- What are the key steps for a successful business formation?
F. A. Q
Frequently Asked Questions
If your question is not addressed here, please feel free to reach out to us. We value your inquiry.