Entrepreneur Residency (Second Category)

This product is designed for entrepreneurs and innovators looking to develop sectors in Saudi. As Saudi advances in key global competitiveness and small investor protection indices, it aims to become a top destination for entrepreneurs and SME owners. The product focuses on supporting the stability of entrepreneurs and providing them with an inspiring and nurturing incubator environment.

Service Price and Execution Period

Service Fees: 10,000.00 SAR
Tax: 15%
Government Fees: 4000 SAR
Execution Period: 60
Government Approval Time: 90

Required Documents

A valid entrepreneurial license from the Ministry of Investment.
A letter of recommendation from the investing party.
A copy of the residency permit. Only the Absher copy (in the new yellow form with the residency expiry date written) is added for each ID.
Passports copy.
Personal photos.
Visas for visitors.
The applicant’s personal national address.

Service Conditions

Obtaining an entrepreneurial license from the Ministry of Investment.
Obtaining an investment round(s) from one of the investment entities approved by the Center worth 15 million riyals from the Ministry of Investment.
The applicant’s share in the startup company must not be less than 10%.
Create at least 10 jobs during the first year, and at least 10 additional jobs during the second year.
The transaction period in the system is 3 months, which can be increased according to each transaction.
All residencies and passports must be valid for 6 months at the time of application.
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