If you’re considering relocating to Saudi Arabia for employment or business ventures, exciting opportunities await. The Premium Residency Centre of Saudi Arabia has introduced five new long-term residency options, aiming to attract exceptional talent and investments to bolster the national economy.

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On January 10, these new premium residency options were unveiled, offering a range of advantages. Below, we outline the eligibility criteria for each category:

1. Real Estate Owner Residency:
   • Eligibility:
     • Possess real estate assets valued at a minimum of SAR 4,000,000.
     • Property must be free from mortgages, residential, and developed.
   • Residency Duration: Real estate ownership or usufruct.
   • One-time Fee: SAR 4,000.

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1. Investor Residency:
   • Eligibility:
     • Valid investment license.
     • Commit to investing a minimum of SAR 7 million and creating 10 job opportunities.
   • Residency Duration: Contingent upon investment and job creation.
   • One-time Fee: SAR 4,000.
2. Special Talent Residency:
   • Eligibility Criteria:
     • Researchers, healthcare, and scientific professionals.
     • Employment contract, minimum monthly wage, bachelor’s degree, work experience, points system, and employer’s recommendation.
   • Residency Duration: Five-year fixed-term, renewable, or direct permanent residency.
   • One-time Fee: SAR 4,000.

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1. Entrepreneur Residency:
   • Eligibility Criteria:
     • Possess an entrepreneur license, minimum investment, recommendation letter, and job creation commitment.
   • Residency Duration: Fixed-term or direct eligibility for permanent residency.
   • One-time Fee: SAR 4,000.
2. Gifted Residency:
   • Eligibility Criteria:
     • First category: Specified exceptional awards and financial capability.
     • Second category: Ministry-approved criteria, financial capability, and recommendation.
   • Residency Duration: Five years, renewable, or direct permanent residency.
   • One-time Fee: SAR 4,000.

Benefits of the New Residency Options:

• Reside with family members.
• Relocate between establishments.
• Exemption from expatriate fees.
• Visa-free entry and exit.
• Obtain visit visas for relatives.
• Dedicated airport tracks.
• Work in the private sector.
• Business ownership and income from real estate.

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How to Apply: To apply for residency, visit the official website of the Premium Residency Centre at pr.gov.sa. Click on ‘Apply now’ and choose the relevant category. Use the ‘Eligibility Check’ tool for certain categories, providing insights into your chances of obtaining residency.

These new residency options not only enhance the attractiveness of Saudi Arabia but also present a unique opportunity for individuals and investors looking to contribute to the nation’s growth. For detailed and updated information, visit the official website of the Premium Residency Centre.