Why Premium Residency?

The holder of premium residency enjoys the following rights and benefits:

• The freedom to leave the Kingdom and return to it independently.
• Owning real estate for residential, commercial, and industrial purposes.
• Residence in the Kingdom with his family, and by family means the
• dependents of the holder of the premium residency, including spouses and children (who are not more than twenty-one years old), in addition to
• visit visas for relatives and the recruitment of domestic workers according to his needs.
• Use the corridors designated for Saudis when entering and exiting the Kingdom through its ports.
• Owning private means of transportation and any other movable property
• permitted to be acquired by law in the Kingdom.
• Working in private sector establishments and moving between them, including any family member.
• Conducting business, in accordance with the foreign investment system.
• Exempting the holder of the premium residency and his family (who is not more than twenty-one years old) from the financial compensation.

Types of Premium residency

• The first type: Premium residency for one year, renewable, and the amount of its financial compensation is (100,000) Saudi riyals. If the applicant wishes to grant it a period of more than one year, he will receive a reduction of (2%) for each year and cumulatively when paid in advance for more than one year.
• The second type: Premium residency for an unlimited period, and the amount of its financial compensation is (800,000) Saudi riyals.
  Special accommodation conditions
  Applying for premium residency is available to anyone (regardless of gender)

Conditions of premium residency

• Submit a valid passport.
• The applicant must not be less than twenty-one years old.
• Providing proof of the applicant’s financial solvency.
• The applicant has no prior criminal record.
• Submitting a health report on the applicant’s health condition proving that he is free of infectious diseases, no more than six months from the date of application.
• The applicant’s residence must be regular if he is applying from within the Kingdom.

Al Othman Lawyers and Consultants is considered one of the leading companies in providing specialized legal services in the field of distinguished residency, and the company provides expertise and high-quality legal services to investors.

The services of Al Othman Company are lawyers and consultants in the field of premium residency in Saudi Arabia

• 
  Providing customized legal advice on unique residency applications in the Kingdom, including conditions, legal procedures, and required documents.
• Assisting clients in preparing and processing the documents required for distinctive residency applications, including legal and financial papers.
• Follow up on requests from the relevant authorities and interact with them on behalf of clients, ensuring that all requirements and deadlines are complied with.
• Providing advice about investment opportunities available in the Kingdom and assisting clients in making informed decisions about their investments.
• Providing support and advice after obtaining residency, including residency renewal and subsequent legal obligations.

Accreditations of Al Othman Law Firm in the foreign investment sector  

• Certified by the Premium Residency Center
• Certified by the Ministry of Investment
• Certified in commercial arbitration
• Certified by the Saudi Authority for Intellectual Property

Achievements of Al Othman Law Firm in the foreign investment sector  

• We contributed to the establishment of more than 15 foreign investment companies whose value exceeds 1.51 billion Saudi riyals.
• Concluding a deal between a local company specializing in oil and an international company, with the value of the deal exceeding 81 million Saudi riyals.
• Commercial arbitration and resolving a dispute between local partners and foreign investors whose value exceeds 105 million Saudi riyals.
• Collecting financial claims from foreign companies outside the Kingdom. The value of the claims exceeds 186 million Saudi riyals.
• We contributed to the governance and legal support of 15 foreign investment companies whose capital exceeds 1.51 billion Saudi riyals.

In conclusion, premium residency stands out as a golden opportunity for individuals and aspiring businessmen to live and invest in a stable and prosperous environment. By relying on our extensive experience in the field of law and consulting, Al Othman Company is a reliable partner for individuals looking to benefit from distinguished residency opportunities.

Our company is committed to providing distinguished support to our customers to obtain distinguished residency, sufficient benefit, and stability.

To book an appointment or request legal advice from the best foreign investment and distinguished residency experts in Saudi Arabia, we are pleased to contact you…