Everything you need about The premium residency in the Kingdom and Alwofod services to facilitate your trip

In light of the qualitative transformations taking place in the Kingdom of Saudi Arabia, particularly in the areas of tourism and investment attraction, the need has emerged to provide professional services to support those wishing to come to the Kingdom for work, investment, or residency purposes. From this perspective, our organization offers comprehensive services in the field of issuing various types of visas, in addition to booking airline tickets, hotel and restaurant accommodation, airport pick-up and drop-off services, and car rental services with or without escorts. In this article, we have chosen to highlight one of the most prominent initiatives launched by the Kingdom: the “Premium Residency” in all its forms. This represents a qualitative leap in attracting elites, talent, entrepreneurs, and investors from around the world.

What is Premium Residency?

Premium Residency is a new system launched by the Kingdom of Saudi Arabia that aims to attract a specific category of residents by granting them unprecedented benefits without the need for a sponsor, while enabling them to reside, work, invest, and own property according to specific regulations. This residency program includes several categories, each targeting a specific segment of individuals who can contribute to the Kingdom’s economic, knowledge, and social development.

Types of Premium Residency in the Kingdom:

Residency for Exceptional Competencies:

This residency is granted to individuals with unique scientific or professional achievements, such as scientists, researchers, distinguished doctors, innovative engineers, and international award-winning individuals. This category aims to support the Kingdom’s Vision 2030 in making the Kingdom a center for scientific research and innovation. This residency also provides its holder with freedom of movement and employment in academic, healthcare, or research institutions, in addition to the possibility of participating in major national projects.

Eligibility Criteria

Eligibility criteria for the Exceptional Competencies Residency Program vary depending on your job role:

Researchers

• Holding an employment contract from an accredited entity where this specialty is a priority.
• A monthly salary of no less than 14,000 Saudi riyals.
• A minimum academic degree is a bachelor’s degree.
• At least three years of work experience in a related field.
• A letter of recommendation from your employer.
• At least three research papers in a related field.
• Obtaining the minimum points in the points system.

Health and Science Workers

• Obtaining an employment contract from an accredited entity where this specialty is a priority.
• A monthly salary of no less than 35,000 Saudi Riyals.
• A minimum bachelor’s degree is required.
• Obtaining the minimum points in the points system.
• A letter of recommendation from your employer.
• At least three years of work experience in a related field.

Executive Managers

• Employment contract for executives at Level 1 or 2.
• A monthly salary of no less than 80,000 Saudi Riyals.
• A letter of recommendation from your employer (Level 2).

Talented Individuals Residency:

This category targets creative individuals in the fields of art, culture, and sports. It is a great opportunity for artists, designers, musicians, and athletes to live and work in the Kingdom, while supporting their projects and participating in cultural and entertainment events and initiatives. The Kingdom has allocated resources to provide an incubator environment for talent through support and funding programs.

Eligibility Criteria

First Category

• Nominees for or recipients of a specific exceptional award.
• Received a recommendation from the Ministry of Culture or the Ministry of Sports, depending on their field.
• Meet the minimum financial capacity requirements.

Second Category

• Meet the minimum eligibility criteria approved by the Ministry of Culture or the Ministry of Sports.
• Received a recommendation from the Ministry of Culture or the Ministry of Sports, depending on their field.
• Meet the minimum financial capacity requirements.

Investor Residency Program

The Investor Residency Program targets investors who wish to conduct business and invest in the Kingdom of Saudi Arabia, as the Kingdom’s economy is one of the fastest-growing in the world and offers good investment opportunities, making it an attractive destination for investors from around the world.

Eligibility Criteria

To be eligible for investor residency, you must:

• Hold a valid investment license issued by the Ministry of Investment, have an investment amount of no less than 7 million Saudi riyals (the applicant’s share only), and have the investment in an economic activity in the Kingdom of Saudi Arabia.
• Have a valid commercial registration.
• You must have a memorandum of association proving your stake as an investor.

Entrepreneur Residency

This residency is granted to startup owners or those with promising business ideas that contribute to the local economy. This residency aims to support the entrepreneurial environment and facilitate investment in the Saudi market, strengthening the Kingdom’s position as a hub for entrepreneurship in the region. This residency enables its holder to establish companies, employ local and international talent, and participate in economic activities.

Eligibility Criteria

Eligibility criteria for an entrepreneurship residency vary depending on the category to which you belong:

First Category

• Obtaining an entrepreneurial license from the Ministry of Investment.
• A minimum investment of SAR 400,000 from an entity accredited by the Ministry of Investment.
• A letter of recommendation from the investing party.
• A minimum stake of 20% in the company.

Second Category

• Obtaining an entrepreneurial license from the Ministry of Investment.
• A minimum investment of SAR 15 million from an entity accredited by the Ministry of Investment.
• A letter of recommendation from the investing party.
• A minimum 10% stake in the startup.
• Create 10 jobs during the first year and at least 10 additional jobs in the second year.

Real Estate Owners Residency:

This is intended for individuals who own real estate within the Kingdom at a specific value, granting them residency based on their ownership. This category encourages investment in the real estate sector and gives the owner the freedom to reside without having to pay a fee to a sponsor or a specific job. Benefits include the ability to rent and invest in the property, in addition to freedom of movement and residence.

Eligibility Criteria

There are specific conditions for real estate owners to obtain residency, including:

• Owning or using real estate assets worth no less than 4 million Saudi Riyals in the Kingdom of Saudi Arabia.
• The property owned or used must not be mortgaged and may not be mortgaged subsequently.
• The property must be residential only.
• The property must not be linked to any real estate financing.
• The property must be existing and not be undeveloped or unimproved.
• The property must be appraised by appraisers accredited by the Saudi Authority for Accredited Valuers.

Specific Residency:

Granted for a renewable period of one year, it provides its holder with numerous benefits, such as freedom of movement, property ownership, private sector employment, sponsoring family members, and other privileges. This residency is suitable for individuals who wish to experience life in the Kingdom for a specific period and gives them flexibility in making a long-term decision.

Eligibility Criteria

• There are several criteria for qualifying for a limited-term Premium Residency, including:
• You must have a valid reason for requesting temporary residency, such as work, business projects, education, or medical treatment.
• You must meet the general eligibility requirements for Premium Residency in Saudi Arabia.

Indefinite Premium Residency:

This is granted once for life for a specific fee and is an ideal option for serious investors and those seeking permanent residency in the Kingdom. Its holder benefits from all the benefits of residency without the need for renewal or additional requirements.

Eligibility Criteria

There are several criteria for indefinite Premium Residency, including:

• You may be required to invest a certain amount of capital or demonstrate your contribution to the Saudi economy through business projects, investments, or other means.
• You must meet the general eligibility requirements for Premium Residency.

Services provided by Alwofod Establishment in this area:

We at Alwofod recognize the importance of these new regulations and strive to provide comprehensive professional services to help our clients make the most of them. Our services include:

• Premium Visa and Residency Consultations: We help our clients choose the most appropriate type of accommodation based on their qualifications and needs, and we handle all necessary documents and requirements.
• Government Procedure Follow-up: We communicate with relevant authorities to expedite the process of obtaining residency or visas, saving clients time and effort.
• Airline Ticket Booking Services: We guarantee the best deals on flights to and from the Kingdom, with flexible options to suit the client’s schedule.
• Hotel and Restaurant Reservations: We coordinate comfortable stays in the best hotels and restaurants, tailored to the client’s tastes and budget.
• Airport Reception and Departure: Our team is ready to receive clients at local and international airports and transport them comfortably to their accommodation.
• Car Rental with or without a Driver: We offer a diverse fleet of modern cars of various categories, with the option to rent with or without an escort.

You can learn more about Alwofod’s services here.

Why Choose our establishment?

• Extensive Experience in the Saudi Market: We have years of experience in dealing with Saudi government regulations and visa requirements. Professional Service: Our team is trained to provide the best customer experience from the first moment of contact until the service is completed.
• Multilingual Support: We serve our customers in multiple languages, ensuring ease of communication and understanding.
• Personalized Service: We believe that each customer has different needs, so we offer customized solutions to suit each individual case.
• Our Commitment to Privacy and Speed: We respect the privacy of customer data and handle it with the highest levels of security. We are committed to completing all requests as quickly as possible.

Finally:

The Premium Residency in the Kingdom represents a golden opportunity for those wishing to settle, work, or invest in one of the most ambitious countries in the region. With a variety of residency options, talents, entrepreneurs, and investors can now choose the residency that best suits them.

With our comprehensive Alwofod services, it has become easy and secure to obtain these residencies and other visas, in addition to organizing your trip to the Kingdom in every detail, from the moment you depart to the moment you arrive and settle in.

Feel free to contact us today for a free consultation, and let us be your partner on your journey to Saudi Arabia.

Contact us now and take your first steps toward Premium Residency!

Source: Premium Residency Center website