Advantages of a Premium Residency in the Kingdom of Saudi Arabia
The holder of the Premium Residency enjoys the following rights and benefits:
Residence in the Kingdom with his family. “The family is the dependents of the holder of the privileged residence, including: spouses, and children – who are not over twenty-one years old.”
Visit visas for relatives. “By relatives, it means fathers, mothers, grandfathers and grandmothers, children and their children, even if they are still young, and brothers and sisters and their children.”
Recruiting domestic workers according to his needs. “Requests for a visa to bring in domestic workers and related procedures and other provisions are subject to the procedures followed for the Saudi citizen, in order to ensure the speedy processing of such requests.
Owning real estate for residential, commercial, and industrial purposes, with the exception of the cities of Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah and the border areas, as specified by the regulation. “Border areas mean – the locations specified by legal tools based on what is required by the relevant regulations and instructions.- Residential, commercial and industrial properties owned by the premium residence holder are subject to the applicable regulations, rules and procedures, and his possession of commercial and industrial properties does not prejudice the application of the provisions governing foreign investment established.” system”.
The usufruct of real estate located in the cities of Makkah and Madinah for a period not exceeding (ninety-nine) years. The Ministry of Justice and the Ministry of Trade and Investment shall set the necessary mechanisms for this, in order to ensure that the beneficiary obtains a usufruct deed issued by the notary public. This right is transferable by transferring it to third parties according to the rules set by the committee. The period of usufruct in real estate located in the cities of Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah may not exceed the period of privileged residence for the one who acquired it for a specified period.
Owning private transportation and any other movables that are legally allowed to be acquired in the Kingdom. “Private means of transport that may be owned by the holder of the premium residence or members of his family include any means of land, sea or air transport intended for personal use.”
Work in private sector establishments and move between them, including any of his family members, with the exception of professions and jobs in which a non-Saudi is prohibited from working, and without prejudice to the fees prescribed for non-Saudis. The holder of the premium residency who works in private sector establishments must- Inform the Ministry of Labor and Social Development when he or any of his family members move to another facility, and include this in the electronic account, within a period not exceeding seven days from the date of the transfer. According to the labor system, the holder of the premium residency – working in private sector establishments – is obligated to pay it and renew it. He and his family do not apply the fees prescribed to a non-Saudi when he or any of them moves from one facility to another. The professions and jobs that a non-Saudi is prohibited from engaging in are the professions and jobs specified under the Labor Law.
Freedom to leave the Kingdom and return to it on their own. Implementation of this is through the issuance of a self-exit and re-entry visa for multiple trips via the electronic platform, and the prescribed fee is collected from it according to the period that the premium residence holder deems appropriate for him and his family members.
Using the corridors designated for Saudis when entering and exiting the Kingdom through its ports. “The privileged residency holder and his family will benefit from the corridors designated for Saudis when entering and exiting the Kingdom’s ports, by presenting the card that is granted to the premium residency holder and his family members.”
Doing business, in accordance with the foreign investment system.
The rights and benefits enjoyed by the family – in addition to the right to reside in the Kingdom, work in private sector establishments, and move between them – which are:
Issuance of visitor visas for relatives
Owning private transportation, and any other movables that are legally allowed to be acquired in the Kingdom
Freedom to leave the Kingdom and return to it on their own
Using the corridors designated for Saudis when entering and exiting the Kingdom through its ports
Practicing business by spouses in the event of the death of the primary premium residence holder, according to the Foreign Investment Law
Ownership of residential, commercial and industrial real estate by spouses in the event of the death of the primary premium residence holder
- Issuance of visitor visas for relatives
- Owning private transportation, and any other movables that are legally allowed to be acquired in the Kingdom
- Freedom to leave the Kingdom and return to it on their own
- Using the corridors designated for Saudis when entering and exiting the Kingdom through its ports
- Using the corridors designated for Saudis when entering and exiting the Kingdom through its ports
- Practicing business by spouses in the event of the death of the primary premium residence holder, according to the Foreign Investment Law
- Ownership of residential, commercial and industrial real estate by spouses in the event of the death of the primary premium residence holder
There are two types of premium accommodation:
The premium residence is for an unlimited period (the cost is 800,000 riyals, paid once).
Premium residency for one year (cost 100,000 riyals to be paid per year).