Premium Residency in Saudi Arabia

Premium Residency in Saudi Arabia

0% personal income tax

  • Investments from USD 26,650
  • No sponsor or employer required
  • Residency for spouse, children up to 25, and parents
  • The right to purchase property in Saudi Arabia

Unlock your options — consult with an expert today

About the program

Premium Residency is a government program launched by Saudi Arabia in 2019 and expanded in 2024 as part of the Vision 2030 strategy. It grants foreign investors, entrepreneurs, and professionals a residence permit that is not tied to an employer or a local sponsor.

With Premium Residency, foreigners gain the right to 100% business ownership, the ability to purchase property in approved areas such as Riyadh and Jeddah, and to open bank accounts without restrictions. Residents are exempt from the Expat Levy, which normally costs SAR 400 (about USD 100) per month for each dependent — allowing families to save up to SAR 72,000 (around USD 19,200) over five years. Applications can include a spouse, parents, and children up to 25 years old on equal terms.

Advantages of Premium Residency

Get the Premium Residency application guide

Get the Premium Residency application guide

  • Step-by-step process for applicants
  • Specific requirements and financial costs
  • Ready-made strategy for obtaining residency
  • Updated 2026 program details
Get the guide

The opportunities that come with Premium Residency

Strategic plan for the whole family

Premium Residency allows you to include your spouse, children up to 25, and parents in a single application, giving all family members access to Saudi Arabia’s key services. It provides a way to relocate your family to a secure jurisdiction for long-term residence.

Access to Saudi Arabia’s economy and capital

Resident status grants the right to 100% business ownership, investor licensing, and employment in the private sector without local sponsors. Residents can open personal and corporate bank accounts, use local financial services, and pay no personal income tax.

Access to world-class infrastructure

Residents have access to Saudi Arabia’s advanced infrastructure, including international airports, highways, digital government services, a strong healthcare system, and international schools. The country is considered one of the safest in the G20, making it an attractive jurisdiction for long-term living and asset management.

Who is suitable for the Premium Residency program

  • International business owners
  • Investors and wealth managers
  • Families planning a long-term relocation
  • Highly skilled professionals
International business owners

International business owners

Premium Residency allows 100% ownership of a company in Saudi Arabia without a local sponsor, company registration within 48 hours, and access to priority sectors under Vision 2030. Entrepreneurs can open corporate accounts with Saudi banks, attract investment through accredited funds, and expand in a G20 economy with no personal income tax.

Investors and wealth managers

Investors and wealth managers

Premium Residency provides access to Saudi Arabia’s financial system, enabling residents to open accounts with local banks, structure assets in line with Sharia principles, and expand into Gulf markets. Residents can purchase residential and commercial real estate in designated zones, or secure 99-year leasehold rights in Mecca and Medina with the right to generate income.
Families planning a long-term relocation

Families planning a long-term relocation

Premium Residency allows you to include your spouse, children up to 25, and parents in one application — all receive the same resident status without being tied to an employer. Families are exempt from the annual expat levy, saving up to SAR 72,000 (about USD 19,200) over five years, and gain access to international schools and world-class clinics in a safe G20 environment.

Highly skilled professionals

Highly skilled professionals

The program is open to researchers, medical professionals, and senior executives with a monthly salary of at least SAR 14,000 (about USD 3,750) and an employment contract with a company on the approved list. The status allows you to work without a sponsor, change employers, and, after 30 months of residence in Saudi Arabia, transition to permanent residency with the right to run a business.

A reliable plan for changing circumstances

A reliable plan for changing circumstances

  • A secure future for your family in a G20 country
  • Access to Saudi Arabia’s banking system and financial tools
  • Decision-making flexibility without unnecessary bureaucracy or intermediaries
  • A tailored approach and full confidentiality at every stage

Unlock your options — consult with an expert today

Key ways to obtain Premium Residency in Saudi Arabia

Non-refundable fee

A contribution of SAR 100,000 (about USD 27,000) per year for temporary residency (1–5 years), or a one-time payment of SAR 800,000 (about USD 215,000) for permanent Premium Residency.

Real estate purchase

Purchase of residential property or long-term lease rights worth at least SAR 4,000,000 (about USD 1.07M) in approved areas — the residency remains valid as long as the property is owned.

Business investment

Permanent residency is granted for an investment of at least SAR 7,000,000 (about USD 1.87M) into an existing or new business, plus the creation of at least 10 jobs within two years.

Startup investment

An investment of at least SAR 400,000 (about USD 107,000) into a startup, confirmed by an accredited fund — a 5-year residency with the option to renew and transition to permanent residency.

Get a personalized strategy for obtaining Premium Residency in Saudi Arabia

A Mirsatori specialist will create a tailored plan for securing your residency status, providing a detailed analysis of each step while considering your family composition, investment amount, and all official fees and related expenses.

Get your strategy
Investment plan

Who can apply for Premium Residency

Step-by-step plan to obtain Premium Residency

Step-by-step plan to obtain Premium Residency

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Residency by investment: alternative program

Country Cost Processing time Benefits
Turkey Turkey
Cost from USD 200,000
Processing time from 2 months
Benefits
  • 1-year residence permit with the option to extend
  • Citizenship after 5 years of residence
  • Residency for all family members
Learn more
The UAE The UAE
Cost from USD 550,000
Processing time from 1 week
Benefits
  • Residency for family members
  • Purchase of high-liquidity real estate
  • No language requirement
Learn more
Portugal Portugal
Cost from EUR 250,000
Processing time from 1 year
Benefits
  • Residency for family members
  • Right to live in an EU country
  • No language requirements
Learn more
See all programs

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