Pakistan monsoon death toll rises to 299, including 140 children    Saudi Arabia issues new regulations for food laboratory operations    Saudi Tourism Ministry launches e-service to boost accommodation capacity in Makkah and Madinah for Hajj 1447    Four health colleges rank lowest in 2025 national licensure exam results    SABIC posts $1.41 billion loss in H1 2025 on UK plant closure, restructuring costs    OPEC+ to boost oil output by 547,000 bpd in September    Foreign direct investment nets SR1.9 billion in Saudi stock market for July    Saudi, Iraqi justice ministers sign cooperation agreement in Riyadh    Palestine Red Crescent says Israeli strike on Gaza HQ kills worker, injures three    Saudi defender Saud Abdulhamid joins RC Lens on loan from AS Roma    Riyadh Comedy Festival tickets now on sale for world's biggest stand-up event    Flash floods, landslides kill 8 in northern Vietnam, 3 missing    Canada rejects claims of ongoing arms exports to Israel    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



73 applicants granted Saudi Arabia's Premium Residency The Premium Residency Center has started processing thousands of applications from investors, doctors, engineers and others
The Saudi Gazette Published in The Saudi Gazette on 11 - 11 - 2019

Saudi Arabia's Premium Residency Center (SAPRC) has granted Premium Residency to 73 people in the Kingdom — the first batch of applicants who met the criteria.
The center said that the first batch granted Premium Residency consists of applicants who are already residing in Saudi Arabia and applicants from abroad. The center added that the 73 granted Premium Residency are from 19 nationalities.
They represent a wide spectrum of professions including investors, doctors, engineers or financiers who want to enjoy living in Saudi Arabia with their families.
The center said that it has received thousands of applications through its online portal from within and outside the Kingdom in the past few months.
These applications are handled by a specialized team to analyze and communicate with the applicants to ensure a smooth application process in accordance with the Premium Residency regulations.
The center also said that the Kingdom welcomes everyone — whether already residing in the Kingdom or based abroad — as the Premium Residency is open for anyone who meets SAPRC requirements.
Premium Residency Center CEO Bandar Al Ayed, said: "The Kingdom welcomes everyone. Applying for a Premium Residency is available to anyone who meets the relevant conditions, whether they are residing in the Kingdom or those wishing to come and settle here."
"Our country today is one of the most important destinations, whether for working or investing, or even for residing, in light of many advantages including the strategic location of the Kingdom, rich history and diversity, advanced infrastructure and most importantly, its security and stability.
"For example, when an investor comes to the Kingdom, he/she comes to a country with great economic and investment potential, and major projects led by Vision 2030, which ensures that the Kingdom will be a fertile ground for minds, talent, venture capital, and is a land of innovation and futuristic industries.
"Since the first day the Premium Residency Center announced its online portal for applications, the specialized team in the center has received thousands of applications that have entered the phases of analyzing and processing," he added.
There are two types of residency: Permanent Premium Residency with a one-time fee of SR800,000 ($ 213,301), and an annual renewable Premium Residency with an annual fee of SR100,000, he said.
Both types of Premium Residency offer many advantages, besides enjoying living in Saudi Arabia, such as ease of obtaining business license, ownership of real estates and private vehicles, and usufruct rights on real estates in the holy cities of Makkah and Madinah.
Moreover, Premium residents will be able to work in the private sector and move freely from entity to entity except for professions and jobs that are restricted to Saudi nationals. Furthermore, Premium Residency holders will be able to self-issue exit and entry visas, and obtain visit visas for relatives.
On June 23, the center began receiving and processing the applications through the online portal. The Premium Residency Law was issued this year by a Royal Decree approved by the Council of Ministers, headed by the Custodian of the Two Holy Mosques King Salman. — SG

Clic here to read the story from its source.