To be eligible to apply for this program, you must be over 18 years old, in good health and without a criminal record. Applicants are also required to make a deposit in a Governmental Bond Portfolio for an investment period of five years, with no further payment required.

Saudi Arabia, officially known as the Kingdom of Saudi Arabia is a country situated in the Arabian peninsula in Western Asia. In 2019. Saudi Arabia introduced the “Premium Residency Program” – PRP to attract outstanding ex-pats and professionals to the country. 

Unlike a sponsored visa from an employer, ex-pats or professionals will have the access to many more rights including the ability to sponsor family members to visit and live in Saudi Arabia. Recipients can own properties, vehicles, operate a Saudi Arabian business, and change jobs without affecting their residency status.  

This program offers two types of visas for eligible candidates. 

1. Permanent Residency permit – For a fee of SAR 800,000
2. Renewable Temporary residency permit – Annual fee of SAR 100,000 

It is beneficial to professionals who have lived in Saudi Arabia for some time. Through this program, the government would like to attract medical professionals, entrepreneurs, investors, engineers, and financial professionals to the country. 

To be eligible to apply for this program, you must be over 18 years old, in good health and without a criminal record. Applicants are also required to make a deposit in a Governmental Bond Portfolio for an investment period of five years, with no further payment required.