Saudi Arabia has added five new products to its premium residency program in a bid to further boost the country’s ongoing economic transformation by creating employment opportunities and fostering the transfer of knowledge.
The five new premium residency products, ‘Entrepreneur’, ‘the Real Estate Owner Residency’, ‘Special Talent’, ‘Gifted’, and ‘Investor’, will offer holders unparalleled opportunities for settling in Saudi Arabia.
The Premium Residency Program, which was first implemented approximately five years ago, allowed eligible self-sponsored foreign nationals to obtain a residence permit for up to one year (renewable) or for an unlimited period of time. The premium residency grants individuals benefits such as exemption from paying expat and dependents fees, visa-free travel, and the right to own real estate and run a business without requiring a sponsor.
Applications for the new premium residency products are open to all nationalities. Candidates who meet all eligibility criteria, requirements and objectives are encouraged to apply.
Further details at: Saudi Arabia adds five new products to its premium residency program (arabnews.com)
