An applicant for Premium Residency must meet a number of requirements:
To apply for Premium Residency, the following documents must be prepared:
In some cases, the list of documents required to apply for Premium Residency differs from the standard one. Different reasons for applying for Premium Residency require different additional documents.
A person who is an exceptional professional and who has resided in the Kingdom for more than 10 years must be granted the right of permanent residence. When obtaining Special Talent Premium Residency, a person gets exempt from the Nitaqat Programme, which makes it mandatory for companies to hire Saudi nationals*.
*Nitaqat is a programme aimed at replacing foreign employees of foreign companies with Saudi nationals.
For healthcare and scientific professionals:
* The Premium Residency Center was established by a Royal decree, with the approval of the Council of Ministers. It is an independent administrative and financial agency associated with the Economic Affairs and Development Council.
For researchers:
For executives:
1) The applicant must receive a minimum of SAR 15 000 000 (~USD 4 000 000) as investment round(s) from an investment entity, provided it is included in a special list of approved investment entities in the Kingdom. In this case, the entrepreneur’s share in the company must be at least 10%.
Or, the applicant must receive a minimum of SAR 400 000 (~USD 106 700) as investment round(s) from an investment entity, provided it is an approved investment entity in the Kingdom. In this case, the entrepreneur’s share must be at least 20%.
2) The applicant must create 10 direct jobs in the first year and another 10 direct jobs in the second year.
Direct jobs are jobs designed to perform specific work in the production of goods and services, while indirect jobs are designed to perform functions that are not directly related to the business of the entity.
An example of a direct job is the collection of raw materials, while an example of an indirect job is administration. A direct job involves a long-term contract, the employee is hired for a permanent job, and the employer takes responsibility for fulfilling the requirements of labour legislation for the provision of a workplace, minimum wage, social contributions, insurance, etc.
3) The applicant must obtain an entrepreneur licence from MISA.
*Usufruct is a real right to use someone else’s property with the right to derive income from it, but with the condition to preserve its integrity, value, and economic purpose.
Unlimited Duration
|
SAR 800 000 (~USD 213 260)
|
For one year, renewable
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SAR 100 000 (~USD 26 700)
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Special Talent Residency
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SAR 4 000 (~USD 1 065)
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Gifted Residency
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SAR 4 000 (~USD 1 065)
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Investor Residency
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SAR 4 000 (~USD 1 065)
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Entrepreneur Residency
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SAR 4 000 (~USD 1 065)
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Real Estate Owner Residency
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SAR 4 000 (~USD 1 065)
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Services
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Fees (USD)
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Application for Premium Residency, including:
- preparing, executing and agreeing the necessary documentation; - accompanying the applicant to a medical clinic for medical examination; - accompanying the applicant to the authorities for fingerprints scan and biometrics; - submitting documents for issuing and stamping a visa; - filing an application for and obtaining a resident’s card; - transport expenses. This price does NOT include government fees charged by government authorities for issue of Premium Residency, or the cost of a medical examination report, or the cost of legalization of accompanying documents. |
6 160
|
Renewal of Premium Residency
|
5 720
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Supporting the opening of personal bank accounts
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5 500
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Payment for services can be made in stages:
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|
Stage I – services of:
- analysing the information about the individual’s sources of funds/ residence/account balance; - individual selection of banks you – up to 3 options; - preparing a description of banks specifying the criteria by which they were selected; - preparing a description of further steps in the account opening procedure. |
500
|
Stage II – services of:
- collecting and analysing documents required to be submitted to the selected bank; - putting together a detailed application for account opening; - sending this application to one of the banks selected by you; - preparing a detailed description of all further steps in the account opening procedure; - preparing for an interview; - accompanying you to a face-to-face meeting with a banker, if necessary; - interacting with the bank at ALL stages. |
4 000
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Stage III – payment of the remainder of the full fee, after receiving notification from the bank that the application is under final review by the bank’s compliance team.
|
1 000
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Success fee
An additional success fee is charged if the account is opened faster than the average standard procedure time. |
+ 10%
to the fee for the service |
*The cost of services is effective as of the August 2025.