Saudi Arabia has awarded Premium Residency to more than 100 entrepreneurs from over 20 countries around the world during the Biban 2025 Forum, according to Saudi Gazette.
The initiative reflects the Kingdom’s commitment to solidifying its position as a global hub for talent, innovation, and entrepreneurship, while further promoting the competitiveness and attractiveness of its investment landscape.
In line with Vision 2030, the Saudi Premium Residency represents a unique program that allows talented individuals, investors, entrepreneurs and high-value workers to work and live in the Kingdom without requiring a local sponsor.
The Premium Residency for Entrepreneurs is one of the Center’s flagship programs, designed for founders of innovative, technology-driven startups seeking to scale their business within the Kingdom.
Interestingly, Saudi Arabia broadened the program from two to seven categories in early 2024. Therefore, the program now covers exceptional competence, talent, investor, entrepreneur, real estate owner, as well as limited-duration and unlimited-duration residency options.
Premium residency visa holders enjoy a vast array of privileges, such as permanent or time-limited residency for themselves and their families, property ownership rights, visa-free travel, and exemption from expat levies.
Overall, the scheme stands out as a cornerstone of the Saudi Arabia’s strategy to foster its global competitiveness by creating a more appealing environment for both living and business.
Related Topics:
Saudi Arabia’s Premium Residency Fees Reduced to 4,000 Riyals
Saudi Arabia’s 2024 Guide to Specialized Residency Programs
1,200 Foreign Investors Have Saudi Premium Residency, Al-Falih Says
