Wednesday 24 July 2019
 
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NEW PLATFORM LAUNCHED

Saudi Arabia starts Premium Residency scheme

RIYADH, 29 days ago

Saudi Arabia's Premium Residency Center has started receiving applications for obtaining the Saudi Premium Residency through the electronic platform "Saprc" (saprc.gov.sa), said a report.
 
The centre is looking forward to serve residents through the comprehensive "Saprc" platform, through which an applicant can upload all the required documents and electronic payment for the required fees. The platform also provides an introduction of the system and the centre, the Saudi Press Agency report said.
 
The centre offers two types of Saudi Premium Residency -- Permanent Premium Residency with a one-time payment of SR800,000 (213,000), and Premium Residency with a yearly fee of SR100,000 ($27,000).
 
The approval by the cabinet under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, of the Premium Residency gives an opportunity to those who wish to reside or invest in the kingdom according to the criteria set by the system, said the SPA report.
 
The scheme will allow expats to do business without a Saudi sponsor, buy property and sponsor visas for relatives. The applicant must be at least 21 years of age and provide proof of financial solvency.
 
The centre is a financially and administratively independent entity associated with the Council of Economic and Development Affairs. 
 



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