If I purchase property worth 2 Lakh Saudi Royal then I will get Permanent Residency for myself and family
Saudi Arabian Investor Visa
Foreign nationals planning to relocate to Saudi Arabia have several residency options depending on their goals. The Golden Visa, or Saudi Investor Visa, is a premier residency permit providing significant advantages to global investors.
Our Saudi Arabia-based consultants specialise in company formation and immigration services, helping you navigate the program's criteria to ensure a seamless relocation.
|
Feature |
Details |
|
Visa Availability |
Yes |
|
Residency Options |
Temporary (Renewable and Permanent) |
|
Eligible Investors |
Both EU and Non-EU nationals |
|
Sponsorship Required |
No |
|
Minimum Investment |
SAR 100,000 (USD 27,000) |
|
Permanent Residency Cost |
SAR 800,000 (USD 213,000) |
|
Processing Time |
Approximately 30 days |
|
Income Tax |
0% for residents, 20% for non-residents’ profits |
|
Family Inclusion |
Yes (Spouse and Children) |
|
Real Estate Rights |
Yes, in designated areas |
The Saudi Arabia Investor Visa Program in 2023
Launched to mirror international "Golden Visa" models, this program allows foreign nationals to obtain residency by contributing financially to the Saudi economy.
- Legal Foundation: Established in 2019, the law simplifies relocation by removing the need for a local sponsor.
- Family Rights: Primary applicants can include immediate family members in their residency application.
- Expert Support: Our immigration lawyers provide eligibility assessments and legal guidance to ensure compliance with the latest 2023 regulations.
Saudi Arabia's Golden Visa Program in 2023: Two Residency Choices
- The program offers two distinct pathways based on the investor's financial commitment and long-term goals.
Option One: Temporary Residency with a Lower Investment Requirement
- This is a renewable, one-year residency permit. It is designed for individuals who prefer a lower initial capital outlay (SAR 100,000) while maintaining the flexibility to live and work in the Kingdom.
Option Two: Traditional Permanent Residency
- For a one-time fee of SAR 800,000, investors can secure permanent residency. This option is intended for those seeking long-term stability and deep integration into the Saudi economy without the need for annual renewals.
Financial Eligibility for the Saudi Arabian Investor Visa
The Saudi program is highly competitive, often requiring lower capital than similar European schemes. Key requirements include:
- Age: Applicants must be at least 21 years old.
- Solvency: Proof of financial resources and a clean criminal record are mandatory.
- Efficiency: Applications are typically approved within 30 days, making it one of the fastest programs in the Middle East.
- Ownership: Holders can own 100% of their business in the Kingdom.
- Compliance: Investors must adhere to international accounting standards (IFRS/GAAP). Our team provides the necessary audit and accounting support to maintain compliance.
Additional Provisions within the 2019 Foreign Investment Act
The 2019 Act also introduced an Entrepreneur Visa for those launching innovative startups.
- Innovation Focus: Applicants must present a business plan that demonstrates how their startup will contribute to the Saudi economy through innovation.
- Economic Goals: The government aims to increase the share of foreign-owned companies to 70% to diversify the economy beyond oil.
- Market Entry: We facilitate this transition by managing legal filings and ensuring your business meets the entrepreneur qualification standards.
Advantages of the Saudi investor visa program
Investors enjoy several strategic benefits:
- Full Business Ownership: 100% equity in most sectors.
- Real Estate Rights: Permission to buy property for residential or commercial use.
- Tax Efficiency: No personal income tax for residents and access to a broad network of double tax treaties.
- Family Stability: Long-term security for the investor’s spouse and children.
- Fast-Tracked Entry: A streamlined 30-day approval process.
Real Estate Ownership Opportunity through the 2023 Investor Visa
The Golden Visa grants the right to own property in designated regions. This allows investors to benefit from capital appreciation and rental yields in a growing market. Our legal team provides due diligence and title deed assistance for all real estate acquisitions.
Reasons for Relocating to Saudi Arabia
Saudi Arabia is a leading global economy with a rapidly evolving business landscape.
- Efficiency: Reforms have reduced the time to incorporate a company from 15 days toless than 24 hours.
- Ease of Doing Business: Saudi Arabia is ranked among the top global reformers by the World Bank.
- Strategic Shift: Moving from employment-based visas to investment-based residency provides greater autonomy and wealth-building opportunities for foreigners.
FAQS
What is the Saudi Investor Visa?
The Saudi Investor Visa, also known as the Golden Visa, is a residency program that allows foreign investors to obtain a residence permit in Saudi Arabia in exchange for making specific investments in the country's economy.
What are the investment options for the Saudi Investor Visa?
There are two main investment options for the Saudi Investor Visa:
- Temporary Residency: This option requires a lower investment amount and provides a renewable residence permit.
- Permanent Residency: Investors can obtain permanent residency by making a lump sum investment.
Who is eligible for the Saudi Investor Visa?
Any foreign investor who meets the age requirement (at least 21 years old) and fulfils the investment criteria can apply for the Saudi Investor Visa.
How long does the application process take?
The approval of a Saudi Investor Visa application typically takes around 30 days, making it a relatively efficient program.
Can I own real estate in Saudi Arabia with the investor visa?
Yes, one of the benefits of the Saudi Investor Visa is that it enables investors to own real estate in designated areas of the country.
Can I start a business in Saudi Arabia with the investor visa?
Yes, the investor visa also allows individuals to establish startup companies with full ownership, provided they meet certain qualifications and present an innovative business plan.
Are there any specific conditions for business ownership with the investor visa?
To own a business in Saudi Arabia under this visa, individuals must qualify as entrepreneurs and present a business plan demonstrating innovation or novelty in their chosen industry.
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- Where is the locations for real-estate to get the visa and how much the minimum amount
To obtain a Saudi Arabia eVisa
- Step1: Complete the online application by providing your passport details.
- Step2: Submit payment online using a credit card.
- Step3: Monitor your email for confirmation of payment and receipt of your eVisa, which will be sent electronically.
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