1. Residence Without a Sponsor (Kafeel)
Holders of the Premium Residency can reside in Saudi Arabia without the need for the sponsorship system, giving them greater independence.
2. Freedom of Movement and Travel
Residents are free to travel abroad and return to the Kingdom without restrictions on the duration of their stay outside Saudi Arabia.
3. Investment and Property Ownership
The system allows residents to:
Own residential, commercial, and industrial properties (excluding Makkah and Madinah).
Invest freely within the Kingdom without needing a local partner.
4. Starting a Business
Premium Residency holders can establish and operate businesses across various sectors in the Kingdom.
5. Ownership of Assets and Vehicles
Holders have the right to own vehicles and other movable assets.
6. Access to Education and Healthcare
Residents and their family members can benefit from both public and private education and healthcare services.
7. Hiring Domestic Workers
Premium Residency holders are allowed to hire domestic workers based on their needs.
8. Living with Family
Holders can live with their families (spouse and children) in Saudi Arabia.
9. No Additional Residency Fees
Unlike traditional residency permits, Premium Residency does not require periodic renewal or dependent fees.
10. Long-Term Residency
The residency can either be:
Temporary: A one-year renewable permit.
Permanent: Granted without any time limit.
Types of Premium Residency
Permanent Premium Residency: Issued for a one-time fee.
Annual Premium Residency: Renewable yearly for a set fee.
Fees
Permanent Residency: SAR 800,000 (one-time payment).
Annual Residency: SAR 100,000 per year.
Conclusion
The Premium Residency program aims to attract investors and enhance the business environment in Saudi Arabia. It also contributes to the local economy by bringing in global talent and expertise.