Premium Residency in Saudi Arabia is unlike any other type of residency in Saudi Arabia; it grants the holder a wide range of privileges and rights.
So, what exactly is Premium Residency, and what are the advantages of obtaining it? This is what we’ll explore in today’s article.
The Premium Residency System
Saudi Arabia is home to many residents from various nationalities, and the country has enhanced its residency system by introducing the Premium Residency in Saudi Arabia.
This type of residency stands out from others due to the broad range of benefits and authorizations it offers. However, the Saudi system has set specific requirements for eligibility, which include:
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The applicant must be at least 21 years old.
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A valid passport must be submitted.
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If the applicant is already residing in Saudi Arabia, they must submit a valid and legal residency permit.
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Proof of the applicant’s financial solvency is required.
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A medical report must be provided for the applicant and their family, issued within six months of applying.
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A criminal record check is also mandatory to confirm the absence of any previous convictions.
There are two types of Premium Residency in Saudi Arabia:
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Permanent Premium Residency
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Renewable (limited duration) Premium Residency
More information about these categories can be found through the Saudi Premium Residency Center, the official government platform overseeing this program.
Types of Residency in Saudi Arabia
Aside from Premium Residency, the Saudi General Directorate of Passports offers several other types of residency permits based on purpose and target group:
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Work Residency: The most common type, issued for foreign workers employed by Saudi companies.
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Study Residency: Granted to students with approval from the Ministry of Education; it comes with minimal fees.
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Tourist Residency: Issued for temporary visits, with two main types:
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Multiple-entry visa: Valid for one year, allowing up to 90 days of stay per visit.
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Single-entry visa: Includes Hajj and Umrah visas, valid for three months with a maximum stay of 30 days.
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Advantages of Premium Residency in Saudi Arabia
Continuing with our discussion on Premium Residency in Saudi Arabia, let’s explore its most significant benefits:
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The right to reside in Saudi Arabia with family members for the duration of the permit.
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The ability to issue visit visas for first-degree relatives.
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Option to link the residency record with those of parents or children over 21.
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The ease of hiring domestic workers.
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Ownership rights for residential and commercial properties, excluding areas restricted to non-Saudis.
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The right to benefit from real estate usage in Mecca and Medina for up to 99 years.
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Ownership of private vehicles.
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Full access to the advantages of Saudi Arabia’s foreign investment regulations.
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Permission to enter and exit the country independently, using the same lanes as Saudi nationals at border checkpoints.
Can Premium Residency Holders Open a Commercial Registration?
A frequently asked question is: “Can a Premium Residency holder open a commercial registration in Saudi Arabia?”
The answer is yes—Premium Residency in Saudi Arabia holders are allowed to open a commercial registration, benefiting from the Kingdom’s foreign investment policies.
If you’re a resident planning to establish your business, you can consult Business Pillars Company Our certified accountants offer company formation services and feasibility studies in Saudi Arabia.
Conclusion
In conclusion, Premium Residency in Saudi Arabia is one of the most attractive residency types in Saudi Arabia due to its numerous privileges and rights. It is obtainable by fulfilling the specific requirements and paying the associated fees, depending on the chosen residency type.
Read also:
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