Saudi Arabia is taking bold steps to attract global talent, investors, and entrepreneurs. One of the most significant reforms is the Saudi Permanent Residency Program (also known as the Premium Residency or “Iqama Muqeem”). This initiative opens the door for qualified foreigners to live, work, and invest in the Kingdom without the need for a Saudi sponsor.
For international professionals and investors looking to start a business in Saudi Arabia or expand into the region, permanent residency offers long-term stability, autonomy, and access to a growing economy.
What Is Saudi Permanent Residency?
Saudi Arabia’s Premium Residency Program allows non-Saudis to obtain a residence permit with extended benefits, such as:
- The ability to own real estate and businesses
- Freedom to work and live without a local sponsor (Kafeel)
- Residency for spouse and children
- Exemption from many of the restrictions applied to standard work visas
- Eligibility for renewals or indefinite stay, depending on the residency type
Types of Residency Offered
- Unlimited (Permanent) Residency – One-time fee of SAR 800,000 (approx. $213,000).
- Renewable Residency (1-Year) – Annual fee of SAR 100,000 (approx. $26,600), renewable each year.
Both types grant similar benefits, with the key difference being duration and flexibility.
Who Can Apply?
You may be eligible if you:
- Have a valid passport and clean criminal record
- Demonstrate financial solvency or business ownership
- Have proof of health status and legal entry into the Kingdom
- Plan to live, work, or invest long-term in Saudi Arabia
Why Permanent Residency Benefits Business Owners
For entrepreneurs and companies aiming to launch a business in Saudi Arabia, permanent residency provides significant strategic advantages:
- Full ownership of businesses in many sectors
- Independence from needing a Saudi partner or sponsor
- Ability to hire and sponsor your own workforce
- Long-term planning for personal and business growth
- Stable residence for your family while operating in KSA
ZAET’s Role in Supporting Residency & Business Setup
At ZAET, we help expats, investors, and business leaders through every step of both residency applications and business setup in KSA.
Our support includes:
- Guidance on eligibility and required documentation
- Application processing for Premium Residency
- Business licensing and registration
- HR, immigration, and visa advisory services
- Strategic consulting for long-term investment
Final Thoughts
Saudi Arabia’s permanent residency program is more than a visa—it’s a long-term investment in your future. Whether you’re planning to live, launch a business, or invest in the Kingdom, permanent residency gives you the freedom, security, and flexibility to thrive.