Saudi Arabia Introduces New Visas for Investors and Entrepreneurs

Saudi Arabia Unveils Premium Residency Products to Attract Skilled Professionals and Investments

In a strategic move to bolster its global hub status and drive economic transformation, Saudi Arabia has introduced five new visa types, collectively termed ‘Premium Residency products.’ Aimed at attracting skilled professionals and investments, these categories include Special Talent, Gifted, Investor, Entrepreneur, and Real Estate Owner Residency, offering unparalleled settlement opportunities within the country.

Outlined by Dr. Majid bin Abdullah Alkassabi, Chairman of the Board of the Premium Residency Centre, these products align with Saudi Arabia’s commitment to evolving into a knowledge-based, diversified economy. The doors to all Premium Residency products are open to individuals capable of contributing to the national economy, actively participating in Saudi Arabia’s development journey under Saudi Vision 2030.

The ‘special talent’ residency targets executives and professionals specializing in healthcare, science, and research, aiming to attract individuals with unique skills and experiences for knowledge and technology transfers. The ‘gifted’ residency integrates skilled professionals and talents into Saudi Arabia’s cultural and sports sectors.

For investors seeking to capitalize on Saudi Arabia’s thriving business landscape, the ‘investor’ residency provides an opportunity to generate high-impact returns across the economy. The ‘entrepreneur’ residency is tailored for aspiring entrepreneurs and owners of innovative projects, facilitating the launch and development of start-ups in Saudi Arabia.

The ‘real estate owner’ residency is designed for individuals seeking to enjoy the Kingdom’s exceptional quality of life while benefiting from its promising real estate market, which has undergone rapid and comprehensive development.

While specifics such as visa duration and associated costs for investors and entrepreneurs are yet to be disclosed, the Premium Residency Centre has collaborated with strategic partners across various government entities to develop these products. Holders of these visas will enjoy a range of benefits, including the ability to conduct business, own real estate, obtain work permits for themselves and family members, among other advantages facilitated by the Premium Residency Center in cooperation with government partners.