Saudi Arabia Sets Five Conditions for Investor Residency

Saudi Arabia has announced five conditions that foreign nationals must meet to qualify for the investor residency programme, as published by the Premium Residency Centre. The programme requires a minimum investment of 7 million Saudi Riyals and the employment of at least 10 workers for the first two years.

Failure to maintain either requirement risks the residency status. To be eligible, applicants must present a valid investment licence from the Ministry of Investment, an active commercial registration from the Ministry of Commerce, and proof of company ownership with incorporation documents confirming the investment threshold.

Additionally, evidence of capital injection into the company must be provided, such as audited financial statements or a capital injection certificate. The fifth condition mandates that applicants demonstrate responsibility for employing at least 10 workers, verified through a social security certificate.

The terms are subject to change, indicating that the criteria may be revised over time.