Saudi Arabia
Saudi Arabia Residency
Saudi Arabia has significantly modernised its immigration and residency landscape under the Vision 2030 reform plan. The Kingdom now offers several pathways for high-net-worth individuals, investors, and specialised talent to live, work, and own property without the need for a traditional local sponsor (the Kafala system).
At Muzy & Meraris LLP, we advise on navigating these frameworks, ensuring compliance with the specialised tracks now available.
1. Premium Residency (The "Saudi Green Card")
The Premium Residency Program is the primary, sponsor-free pathway for non-Saudi nationals to secure long-term stability. It is divided into two broad categories: Limited Duration and Unlimited Duration (Permanent).
· Key Tracks & Eligibility:
o Investor Residency: For those investing in Saudi economic activities. Permanent status is achievable by investing at least SAR 7 million (approx. USD 1.87 million) and creating at least 10 full-time jobs for Saudi nationals within two years.
o Real Estate Owner Residency: Following 2026 reforms, foreigners may qualify by owning fully developed, mortgage-free residential property in major cities (e.g., Riyadh, Jeddah) valued at SAR 4 million or more.
o Entrepreneur Residency: For startup founders with secured funding from accredited venture capital funds or incubators (starting at SAR 400,000 for early-stage ventures).
· Core Benefits:
o Sponsor-Free: No need for a Kafala sponsor; holders can work for themselves or any private sector entity.
o Family Inclusion: Spouses, children (under 25), and dependent parents can be included in the residency without additional fees.
o Property Ownership: Right to own real estate (excluding specific zones like Mecca/Medina and border areas).
o Mobility: Visa-free entry/exit and priority processing at airports.
· Fees & Duration:
o Limited Duration: SAR 100,000 annually (renewable).
o Unlimited Duration: A one-time, non-refundable fee of SAR 800,000 for permanent residency.
o Application Fee: There is a non-refundable application fee of SAR 4,000.
2. Freelance & Specialized Professional Permits
To accommodate the modern gig economy and remote talent, the Kingdom has expanded its freelance framework.
· Freelance Permit: Designed for independent professionals in digital marketing, IT/software development, creative services, consulting, and media.
· Purpose: Allows individuals to work directly with clients or on multiple projects without being tied to a single employer, supporting a more flexible operational model.
· Compliance: This is a regulated activity; you must obtain the correct permit to avoid penalties, as working without proper authorisation is strictly enforced.
3. Corporate & Investor Licensing (MISA)
For those looking to establish a larger corporate presence, the Ministry of Investment of Saudi Arabia (MISA) provides the licensing framework.
· RHQ License: Multinational companies are increasingly required to establish their Regional Headquarters (RHQ) in Saudi Arabia to be eligible for government contracts and specific fee exemptions.
· Business Setup: Investors can obtain 100% foreign ownership in most sectors aligned with Vision 2030 (e.g., technology, logistics, tourism, healthcare).
