Saudi Arabia has introduced five new visa categories to attract investors and talent. These “premium residency products” are for real estate owners, entrepreneurs, and skilled individuals coming to the country.
Dr. Majid bin Abdullah Alkassabi, Chairman of the Premium Residency Centre Board, announced the exciting launch in line with Crown Prince HRH, Mohammed bin Salman’s vision for the Kingdom.
The initiative seeks to expand KSA’s economic transformation through job creation and knowledge sharing. The newly introduced premium residential products include Talent, Gifted, Investor, Entrepreneur, and Real Estate Owner Residency.
Dr. Majid bin Abdullah Alkassabi, head of the Premium Residency Centre, shared the scoop on five cool new Premium Residency options. He highlighted the importance of this step in accelerating Saudi Arabia’s journey to a smarter and more diverse economy.
Plus, he made it clear: anyone who can bring value to the national economy and join in on Saudi Arabia’s speedy development under Vision 2030 is invited to explore these Premium Residency perks.
The details of the duration and costs of these five new visas remain undisclosed.
Special Talent Category
The ‘special talent’ residency is for executives and professionals who specialize in healthcare, science, and research. It aims to attract individuals with unique skills and experiences who can contribute to knowledge and technology transfers.
Gifted Category
The ‘gifted’ residency aims to integrate skilled professionals and talented individuals into Saudi Arabia’s vibrant and growing cultural and sports sectors.
Investor Category
The ‘investor’ residency is designed for investors looking to capitalize on Saudi Arabia’s thriving business landscape and generate high-impact returns from across the economy.
Entrepreneur category
The entrepreneur residency is intended for entrepreneurs and owners of innovative projects, willing to launch and develop their start-ups in Saudi Arabia, contributing to the nation’s ambitious economic transformation journey.
Real Estate category
‘Real estate owner’ residency is designed for individuals who own real estate and are looking to enjoy the Kingdom’s exceptional quality of life while getting profit from its real estate market, which has received rapid and comprehensive development in recent years.
The five new products have been developed in collaboration with the Premium Residency Centre’s strategic partners across an array of government entities.
The products offer a wide range of benefits to holders, including the ability to conduct business, own real estate, obtain work permits for holders and family members, and many more advantages the Premium Residency Center provides in cooperation with government partners.
Source : arabianbusiness.com