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Jun 24 19, 9:59 am

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Saudi rolls out permanent residency to expats for $213,000

by | Global, News

Jun. 24, 19 | 9:59 am

The Kingdom of Saudi Arabia has announced that expats can now apply for permanent residency in a new program designed to attract foreign investment. 

The price?  A hefty US$213,000.

The Premium Residency Center (PRC) begins its services on Sunday by receiving and processing the applications electronically and applying the Premium Residency System issued by royal decree with the approval of the Council of Ministers headed by the Custodian of the Two Holy Mosques, King Salman bin Abdullaziz Al Saud.

The cheaper option that gives an expat 12 months of permanent residency will cost SAR 100,000 ($27,000).

Aside from the fee, applicants must be 21-years-old, provide financial solvency, have no criminal record, and receive a clean bill of health.

According to PRC, if you are a holder of premium residency, you have the rights and privileges like:

1)Residence in the Kingdom with his/her family i.e. spouse(s), and children (not exceeding 21 years of age)

2)Visit visas for relatives

3)Recruitment of domestic workers from abroad according to his/her needs

4)Ownership of real estate for residential, commercial, and industrial purposes in Saudi Arabia except for Mecca, Medina and border areas

5)Usufruct rights on real property located in the cities of Mecca and Medina for a period not exceeding 99 years

6)Ownership of private means of transportation and other movables

7)Working at private establishments with the ability to change jobs. This shall extend to family members

8) Exiting and entering the Kingdom at his/her own accord

9)Use of lanes designated for Saudis at the Kingdom’s exit and entry points

10)Engagement in business activities, in accordance with the Foreign Investment Law

Visit www.saprc.gov.sa for further details.

Photo courtesy: Pixabay

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COVID-19 recoveries among health workers in PH now over 1,000

COVID-19 recoveries among health workers in PH now over 1,000

The Department of Health (DOH) has announced on May 27 that the number of health workers in the Philippines who have recovered from coronavirus disease (COVID-19) now stands at 1,193. This, as 17 more cases among medical workers have been reported—bringing the total...

Dubai specifies cinema seat allocations, protocols for reopening

Dubai specifies cinema seat allocations, protocols for reopening

Dubai residents may now watch the latest international movies on the big screen across cinemas in the emirate as Dubai Economy has announced the reopening of both outdoor and indoor 2D cinemas. Under the updated protocols and guidelines, all moviegoers will undergo...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

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