Latest news with #PremiumResidency
Time of India
08-08-2025
- Business
- Time of India
Saudi Premium Residency update: Over 40,000 applications filed between Jan 2024–Jul 2025
Over 40,000 applicants have applied for Saudi Arabia's Premium Residency/Image: File TL;DR: From January 2024 to July 2025, Saudi Arabia received 40,163 applications for its revamped Premium Residency, a clear signal of growing global interest. In 2024 alone, 8,074 permits were granted, led by the 'Exceptional Competence' category, followed by allocations under talent, investor, entrepreneur, and real estate owner tracks. Premium Residency offers visa -free entry, work and property rights, family access, and citizenship-like flexibility, aligned with Vision 2030's push for foreign investment and talent. Over 40,000 applicants from across the globe have applied for Saudi Arabia's Premium Residency since early 2024, reflecting surging interest from high-net-worth individuals and professionals attracted by the kingdom's long-term visa incentives, economic diversification, and investor-friendly reforms. The program, which offers expats the ability to live, work, and invest in Saudi Arabia without a sponsor, has become a central pillar in Vision 2030's goal of drawing global talent and capital into the kingdom. Beyond the figures: What is Saudi Premium Residency ? Launched in 2019, Saudi Arabia's Premium Residency, often dubbed the 'Green Card' is a forward-thinking residency scheme that allows expatriates to live, work, invest, and own property in the Kingdom without the need for a local sponsor. It parallels permanent residency in other countries and was introduced as a key pillar of Vision 2030, aiming to diversify the economy. In January 2024, the program expanded significantly—from just two pathways to seven tailored categories: Exceptional Competence Talent Investor Entrepreneur Real Estate Owner Limited Duration Unlimited Duration Premium Residency As a Premium Residency holder, you gain full access to Saudi Arabia's growing network of modern amenities and infrastructure. You can live in secure gated communities, luxury residences, or city-center apartments, with the legal right to own or usufruct property. International schools with globally recognized curricula cater to families, while advanced public and private healthcare facilities offer affordable, high-quality medical services. Major cities like Riyadh, Jeddah, and Dammam feature global retail outlets, fine dining, and comprehensive transport networks. Residents benefit from exclusive airport lanes, visa-free re-entry, and streamlined mobility within the Kingdom. For leisure, the country hosts large-scale events like Riyadh Season and Jeddah. What's driving the steam in applications? High-value benefits continue to attract global applicants: Residency for self and family, with visa-free entry and exit Permission to work freely, switch employers, and hold business licenses Rights to own property, vehicles, and recruit domestic workers Access to special airport lanes, extended stay in holy cities, and family visit visa powers Applicants are motivated by Saudi's booming real estate and entrepreneurial environment, with initiatives like NEOM and major urban development projects creating lucrative possibilities. Who's getting approved and how many? Out of 40,163 applicants in the 18-month window: 8,074 permits were issued in 2024 alone The majority of approvals, 5,578 permits went to the Exceptional Competence category, showcasing demand for world-class talent Other permits followed across talent, investor, entrepreneur, and real estate ownership categories Why it matters Saudi Arabia's Premium Residency reflects a new era of openness and competitiveness: It's a strategic tool to diversify the economy and solidify the Kingdom's reputation as a global investment hub. The program's flexibility and independence empower expatriates to plan long-term, deepening economic ties. Growing uptake hints at increasing global confidence in the Kingdom's reform agenda and quality of life offerings. The surge toward 40,000 applications within just 18 months is more than a statistic, it's a marker of growing global belief in Saudi Arabia's reformed vision for the future. With clear pathways for investors, professionals, entrepreneurs, and families, the Premium Residency program stands as a flagship initiative in Vision 2030's transformation journey. FAQs: What is Saudi Premium Residency? Saudi Premium Residency is a long-term residency scheme that allows eligible foreigners to live, work, own property, and run businesses in Saudi Arabia without needing a local sponsor. When was the Premium Residency program launched? The initiative was launched in 2019 under Vision 2030, with new variants and reforms introduced in 2022–2023 to increase its appeal to investors and skilled professionals. How many people have applied for it so far? More than 40,000 people have applied for the residency program between early 2024 and mid-2025, according to Saudi Gazette. What are the types of Premium Residency available? There are multiple categories, including investor, entrepreneur, real estate owner, skilled professional, and exceptional talent residencies. Each has specific requirements and benefits. What are the key benefits of Premium Residency? Residents can sponsor their family, own real estate (except in Mecca and Medina), obtain work permits, move freely across the Gulf, and are exempt from the sponsorship (kafala) system.
Arabian Business
07-08-2025
- Business
- Arabian Business
Saudi Arabia's Premium Residency applications surge past 40,000 in 18 months
Saudi Arabia's Premium Residency Programme has seen a significant number of applications. From January 2024 to July 2025, the programme received 40,163 applications from both local and international candidates, as reported by Saudi Gazette. In 2024 alone, 8,074 Premium Residency permits were officially issued. The largest share, 5,578 permits, was granted under the 'Exceptional Competence' category, followed by the 'Talent' segment with 348 permits, alongside allocations in real estate ownership, entrepreneurship, and investor categories. In early 2024, the Kingdom expanded its Premium Residency scheme, growing from two original pathways to seven distinct categories. Known now as Exceptional Competence, Talent, Business Investor, Entrepreneur, Real Estate Owner, Limited Duration, and Unlimited Duration Premium Residency, the extension is a strategic push to attract global talent and investment. The shifting landscape is driven by the Vision 2030 agenda, spurring the Kingdom to build a competitive, vibrant environment inviting high-value professionals to live, work, and invest in Saudi Arabia without needing a sponsor. What Premium Residency offers Holders of Premium Residency benefit from a suite of privileges, such as: Residency, either permanent or time-limited, for themselves and their families Visa-free entry and exit, bypassing the traditional exit/re‑entry process Exemption from expatriate levies The ability to work in the private sector and change jobs freely without local sponsorship Rights to invest, own property and vehicles, and recruit domestic workers Permission to issue family visit visas Permission to hold usufruct rights on properties in Makkah and Madinah for up to 99 years Access to citizen-designated airport lanes. These privileges reinforce Saudi Arabia's appeal as a global hub, facilitating innovation, investment, and lifestyle flexibility. A strategic leap The surge in applications highlights the Premium Residency Programme's growing global attraction. It serves as a cornerstone in the Kingdom's broader strategy to elevate its global competitiveness by fostering a more attractive quality of life and business environment.
Zawya
07-08-2025
- Business
- Zawya
Over 40,000 apply for Saudi Premium Residency in 18 months as benefits attract investors
RIYADH - Saudi Arabia's Premium Residency platform has received 40,163 applications from both local and international applicants between January 2024 and July 2025, signaling a sharp rise in demand for the scheme designed to attract global talent and investors. According to official statistics, 8,074 Premium Residency permits were issued in 2024 alone. The largest share went to the 'exceptional competence' category with 5,578 permits, followed by 'talent' with 348 permits, alongside other categories including real estate ownership, entrepreneurship, and business investment. The Kingdom expanded the scope of Premium Residency in early 2024 from just two to seven categories. These now include Exceptional Competence, Talent, Business Investor, Entrepreneur, Real Estate Owner, and both Limited and Unlimited Duration Premium Residency. The expansion is part of broader reforms aimed at enabling high-value individuals to live, work, and invest in Saudi Arabia without the need for a sponsor. Premium Residency holders enjoy a wide array of benefits, including permanent or time-limited residency for themselves and their families, freedom of entry and exit without a visa, exemption from expat levies, the ability to invest, own property and vehicles, work in the private sector without a sponsor, recruit domestic workers, and issue family visit visas. Notably, the program allows residents to obtain usufruct rights to properties in Makkah and Madinah for up to 99 years and use citizen-designated airport lanes. The surge in applications reflects the growing global appeal of Saudi Arabia as a hub for talent, innovation, and investment. The Premium Residency system is considered a key pillar in the Kingdom's strategy to enhance its global competitiveness by creating a more attractive living and business environment. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Time of India
14-07-2025
- Business
- Time of India
Forget the UAE Golden Visa: Bahrain's residency offers more freedom and lower costs
Bahrain is quietly emerging as the Gulf's most affordable and flexible destination for long-term residency, offering expats and investors an easier path than the UAE or Saudi Arabia/Representative Image TL;DR: Bahrain 's 10-year Golden Residency Visa is emerging as a cost-effective and flexible alternative to the UAE 's Golden Visa and Saudi Arabia's Premium Residency. With easier eligibility, lower financial thresholds, and a straightforward application process, Bahrain is fast becoming the Gulf's hidden residency gem. Here's why Indians and expats alike are increasingly choosing Bahrain over pricier, more restrictive Gulf residency options and how to apply. Why Bahrain's Residency is the Gulf's Best-Kept Secret The glitter of UAE's Golden Visa and the prestige of Saudi Arabia's Premium Residency have dominated headlines, but Bahrain's Golden Residency is quietly gaining serious traction. Introduced in 2022 as part of Bahrain's broader economic diversification strategy under Vision 2030, this visa offers long-term security, full work flexibility, and a family-friendly structure all at a fraction of the cost of its Gulf neighbours. Where the UAE demands steep investments or salaries, and Saudi Arabia places hefty price tags on its premium residency, Bahrain's requirements are refreshingly accessible. Whether you're a mid-level professional, a property investor, or a retiree, Bahrain's visa opens a door to a stable life in the Gulf without draining your bank account. What Makes Bahrain's Golden Residency Better? The first advantage is the freedom to work without employer many Gulf countries where your residency is tied to a job contract or a specific employer, Bahrain's Golden Residency grants you the liberty to work for any employer, start your own business, or freelance as you please. This work flexibility is a rare perk in the region. Secondly, Bahrain's cost of living is notably lower compared to the UAE or Saudi Arabia. From housing to education, healthcare, and everyday expenses, Bahrain offers a more affordable lifestyle while still providing a high standard of living. This makes it particularly appealing for families who wish to settle long-term without the financial pressure seen in places like Dubai or Riyadh. Additionally, Bahrain imposes no restrictions on how long you can stay abroad without losing your residency. In contrast, other countries in the Gulf often require residents to return within a certain time frame or risk forfeiting their residency status. Finally, the Golden Residency also extends comprehensive family benefits. Spouses, parents, and children can be sponsored easily, and renewals do not depend on continued employment or property holdings once the visa is secured. Who Can Apply? Bahrain has defined four clear eligibility categories: Skilled Professionals : You must have worked in Bahrain for at least five years with a stable monthly income of BHD 2,000 (approximately USD 5,300). This criterion ensures that the applicant has established roots and a sustainable career within the kingdom. Property Investors : If you own property in Bahrain valued at BHD 200,000 (about USD 530,000) or more, you qualify for the Golden Residency. Retirees : For retirees already residing in Bahrain, a pension income of BHD 2,000 per month qualifies them for the residency. Non-resident retirees can also apply if they earn BHD 4,000 monthly from pensions. Exceptional Talent : This includes individuals in fields such as science, sports, arts, and entrepreneurship who have been recognised by the Bahraini government for their contributions or achievements. This clear categorisation ensures that applicants from diverse backgrounds and not just the ultra-rich have pathways to long-term residency. Step-by-Step Guide to Applying for Bahrain's Golden Residency Check Your Eligibility : Confirm you meet the criteria in one of the four categories. This can be done by reviewing Bahrain's official Golden Residency portal. Prepare Your Documents : Depending on your eligibility path, gather necessary documents such as: Valid passport with at least six months' validity Health insurance coverage Proof of income or property ownership Bank statements Employment certificates or pension statements Awards or official letters for talented individuals Create an eKey Account : Bahrain's digital services require an eKey registration for a seamless application process. Apply Online : Submit your application via the official government portal. The application fee is a modest BHD 5 (around USD 13). Processing Time : Applications are processed within 5 to 10 working days depending on your eligibility category. Skilled workers, retirees, and property investors can expect faster turnaround, while the talented category may take slightly longer due to verification processes. Visa Issuance Fee : Upon approval, applicants pay a BHD 300 fee (around USD 795) to obtain their Golden Residency permit. Receive Your 10-Year Residency : Once approved and paid, you'll receive the 10-year residency, including the right to sponsor your family members. Sponsor Dependents : Family sponsorship is straightforward, allowing for spouses, children, and parents to be included under the same residency umbrella. Work Permit (Optional) : While the residency itself grants many rights, individuals who wish to work formally may need to apply for a separate work permit through Bahrain's Labour Market Regulatory Authority (LMRA). All steps, fees, and official requirements are clearly outlined on Bahrain's official Golden Residency portal : Why Expats, Especially Indians, Are Choosing Bahrain A growing number of Indian expatriates are viewing Bahrain's Golden Residency as the smarter, less costly alternative to similar schemes in the UAE and Saudi Arabia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like I Tried the $0.87 Generic Viagra and Here's What Happened! fridayplans Learn More Undo On online forums like Reddit's r/Bahrain, users frequently mention the affordability and lack of red tape in Bahrain's residency process compared to the UAE's high income and investment thresholds. Beyond cost, there's the allure of a more relaxed and culturally diverse society. Bahrain's education, healthcare, and multicultural fabric make it an appealing environment for families looking for stability without the hyper-competitiveness of Dubai or the strict social rules of Saudi Arabia. Furthermore, Bahrain's location within the GCC makes it a strategic hub, providing easy access to neighbouring Saudi Arabia, Qatar, and the UAE all within a short flight or drive. Bahrain's Golden Residency and Vision 2030 This residency initiative is a key part of Bahrain Vision 2030, which seeks to diversify the economy away from oil dependency by attracting skilled professionals, investors, and innovators. The Golden Residency aims to make Bahrain not just a financial hub but also a magnet for global talent, which aligns with broader regional competition for foreign expertise. Over 10,000 Golden Residencies have already been issued, according to official figures. This success positions Bahrain as a viable, less costly alternative for those who want the Gulf lifestyle without the associated financial strain. Verdict: For anyone looking to settle in the Gulf, whether as a professional, retiree, or investor, Bahrain's Golden Residency presents a golden opportunity. It's flexible, affordable, family-friendly, and refreshingly straightforward in both its process and maintenance. If the soaring costs of the UAE or the rigid social norms of Saudi Arabia are deterrents, Bahrain offers a balanced middle path, a stable, welcoming, and economically sensible choice for long-term residency in the Gulf.
Time of India
14-07-2025
- Business
- Time of India
Forget the UAE Golden Visa: Bahrain's residency offers more freedom, lower costs: Here's the application process
Bahrain is quietly emerging as the Gulf's most affordable and flexible destination for long-term residency, offering expats and investors an easier path than the UAE or Saudi Arabia/Representative Image TL;DR: Bahrain 's 10-year Golden Residency Visa is emerging as a cost-effective and flexible alternative to the UAE 's Golden Visa and Saudi Arabia's Premium Residency. With easier eligibility, lower financial thresholds, and a straightforward application process, Bahrain is fast becoming the Gulf's hidden residency gem. Here's why Indians and expats alike are increasingly choosing Bahrain over pricier, more restrictive Gulf residency options and how to apply. Why Bahrain's Residency is the Gulf's Best-Kept Secret The glitter of UAE's Golden Visa and the prestige of Saudi Arabia's Premium Residency have dominated headlines, but Bahrain's Golden Residency is quietly gaining serious traction. Introduced in 2022 as part of Bahrain's broader economic diversification strategy under Vision 2030, this visa offers long-term security, full work flexibility, and a family-friendly structure all at a fraction of the cost of its Gulf neighbours. Where the UAE demands steep investments or salaries, and Saudi Arabia places hefty price tags on its premium residency, Bahrain's requirements are refreshingly accessible. Whether you're a mid-level professional, a property investor, or a retiree, Bahrain's visa opens a door to a stable life in the Gulf without draining your bank account. What Makes Bahrain's Golden Residency Better? The first advantage is the freedom to work without employer many Gulf countries where your residency is tied to a job contract or a specific employer, Bahrain's Golden Residency grants you the liberty to work for any employer, start your own business, or freelance as you please. This work flexibility is a rare perk in the region. Secondly, Bahrain's cost of living is notably lower compared to the UAE or Saudi Arabia. From housing to education, healthcare, and everyday expenses, Bahrain offers a more affordable lifestyle while still providing a high standard of living. This makes it particularly appealing for families who wish to settle long-term without the financial pressure seen in places like Dubai or Riyadh. Additionally, Bahrain imposes no restrictions on how long you can stay abroad without losing your residency. In contrast, other countries in the Gulf often require residents to return within a certain time frame or risk forfeiting their residency status. Finally, the Golden Residency also extends comprehensive family benefits. Spouses, parents, and children can be sponsored easily, and renewals do not depend on continued employment or property holdings once the visa is secured. Who Can Apply? Bahrain has defined four clear eligibility categories: Skilled Professionals : You must have worked in Bahrain for at least five years with a stable monthly income of BHD 2,000 (approximately USD 5,300). This criterion ensures that the applicant has established roots and a sustainable career within the kingdom. Property Investors : If you own property in Bahrain valued at BHD 200,000 (about USD 530,000) or more, you qualify for the Golden Residency. Compared to the UAE's real estate threshold of AED 2 million, Bahrain's bar is much lower and thus more achievable for mid-level investors. Retirees : For retirees already residing in Bahrain, a pension income of BHD 2,000 per month qualifies them for the residency. Non-resident retirees can also apply if they earn BHD 4,000 monthly from pensions. Exceptional Talent : This includes individuals in fields such as science, sports, arts, and entrepreneurship who have been recognised by the Bahraini government for their contributions or achievements. This clear categorisation ensures that applicants from diverse backgrounds and not just the ultra-rich have pathways to long-term residency. Step-by-Step Guide to Applying for Bahrain's Golden Residency Check Your Eligibility : Confirm you meet the criteria in one of the four categories. This can be done by reviewing Bahrain's official Golden Residency portal. Prepare Your Documents : Depending on your eligibility path, gather necessary documents such as: Valid passport with at least six months' validity Health insurance coverage Proof of income or property ownership Bank statements Employment certificates or pension statements Awards or official letters for talented individuals Create an eKey Account : Bahrain's digital services require an eKey registration for a seamless application process. Apply Online : Submit your application via the official government portal. The application fee is a modest BHD 5 (around USD 13). Processing Time : Applications are processed within 5 to 10 working days depending on your eligibility category. Skilled workers, retirees, and property investors can expect faster turnaround, while the talented category may take slightly longer due to verification processes. Visa Issuance Fee : Upon approval, applicants pay a BHD 300 fee (around USD 795) to obtain their Golden Residency permit. Receive Your 10-Year Residency : Once approved and paid, you'll receive the 10-year residency, including the right to sponsor your family members. Sponsor Dependents : Family sponsorship is straightforward, allowing for spouses, children, and parents to be included under the same residency umbrella. Work Permit (Optional) : While the residency itself grants many rights, individuals who wish to work formally may need to apply for a separate work permit through Bahrain's Labour Market Regulatory Authority (LMRA). All steps, fees, and official requirements are clearly outlined on Bahrain's official Golden Residency portal : Why Expats, Especially Indians, Are Choosing Bahrain A growing number of Indian expatriates are viewing Bahrain's Golden Residency as the smarter, less costly alternative to similar schemes in the UAE and Saudi Arabia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo On online forums like Reddit's r/Bahrain, users frequently mention the affordability and lack of red tape in Bahrain's residency process compared to the UAE's high income and investment thresholds. Beyond cost, there's the allure of a more relaxed and culturally diverse society. Bahrain's education, healthcare, and multicultural fabric make it an appealing environment for families looking for stability without the hyper-competitiveness of Dubai or the strict social rules of Saudi Arabia. Furthermore, Bahrain's location within the GCC makes it a strategic hub, providing easy access to neighbouring Saudi Arabia, Qatar, and the UAE all within a short flight or drive. Bahrain's Golden Residency and Vision 2030 This residency initiative is a key part of Bahrain Vision 2030, which seeks to diversify the economy away from oil dependency by attracting skilled professionals, investors, and innovators. The Golden Residency aims to make Bahrain not just a financial hub but also a magnet for global talent, which aligns with broader regional competition for foreign expertise. Over 10,000 Golden Residencies have already been issued, according to official figures. This success positions Bahrain as a viable, less costly alternative for those who want the Gulf lifestyle without the associated financial strain. Verdict: For anyone looking to settle in the Gulf, whether as a professional, retiree, or investor, Bahrain's Golden Residency presents a golden opportunity. It's flexible, affordable, family-friendly, and refreshingly straightforward in both its process and maintenance. If the soaring costs of the UAE or the rigid social norms of Saudi Arabia are deterrents, Bahrain offers a balanced middle path, a stable, welcoming, and economically sensible choice for long-term residency in the Gulf.
