The Premium Residency in Saudi Arabia is an initiative aimed at attracting talents and investors as part of Vision 2030 to enhance the economy and business environment. It offers two main types: Permanent Residency, which grants unlimited residency for a one-time fee, and Temporary Residency, which is renewed annually. Additionally, there are specialized categories such as Exceptional Competence Residency for highly skilled professionals and Talent Residency to support creatives in cultural and sports fields.
Premium Residency allows residents to own real estate and vehicles, work, invest, and bring their families and domestic workers. Moreover, it includes Investor Residency to attract foreign investors and Entrepreneur Residency to support innovation and startups. Property Owner Residency also provides residency rights for property owners in the Kingdom.
This system grants freedom of movement and work, making it a pivotal step in transforming Saudi Arabia into a global hub for investment and talent.