Distinguished Residency in Saudi Arabia: It grants a special type of residency to specific categories of foreigners, allowing them the right to live, work, own properties, and conduct business in Saudi Arabia without the need for a sponsor. It also includes many other benefits, extending to some family members of the residency holder.
The distinguished Residency system aims to attract talented individuals, entrepreneurs, and investors who can positively contribute to the development of the Saudi economy and society. Distinguished Residency is a significant step towards diversifying the economy of the Kingdom of Saudi Arabia and attracting investments and outstanding individuals from all around the world.
Types of Distinguished Residency:
Exceptional Competence Residency (for individuals with outstanding scientific, managerial, and research capabilities that can enhance local capacities and exchange experiences)
Talent Residency (for talents and specialists in sports, culture, and arts)
Business Investor Residency (for investors interested in investing in economic activities in Saudi Arabia)
Entrepreneur Residency (for entrepreneurs and innovators willing to work on developing various sectors in Saudi Arabia)
Property Owner Residency (for property owners in Saudi Arabia)
One-year renewable residency or Open-ended residency (for those interested in settling in Saudi Arabia for a limited or unlimited period)
Features of the Distinguished Residency:
1- Granting Distinguished Residency to family members
2- Conducting business activities
3- Exemption from financial compensation for expatriates and their dependents
4- Travel to and from the Kingdom of Saudi Arabia without a visa
5- Property ownership
6- Hosting and inviting relatives
7- Ease of work and transfer of work permits between private sector establishments
The duration of the residency is five years, renewable for another five years upon meeting the conditions. It can convert to permanent residency upon continued fulfillment of the conditions and staying for 30 months within five years.
ILS CONSULTANCY team comprised of specialized consultants, offers constructive advice and clear legal consultations to all individuals on how to obtain a Distinguished Residency and provides all necessary services for obtaining it fully in all regions of the Kingdom of Saudi Arabia.
For further details, please contact us.
Email: info@ilsconsultancy.ae
+971555611565
+971559897409
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