Saudi Arabia has officially announced the fee for its unlimited-duration Premium Residency programme, setting the cost at 800,000 Saudi Riyals (SAR). For Nigerian applicants, this amount converts to approximately N287,527,742, according to Legit.ng.
Purpose of the Premium Residency Programme
The Saudi government explained that the Premium Residency initiative is designed to support individuals wishing to settle permanently in the Kingdom. In an official statement, the government said: "The premium indefinite and fixed-term residency aims to enable beneficiaries wishing to settle in Saudi Arabia by providing a suitable environment that includes a range of benefits."
This programme is distinct from standard work or visit visas, offering a formal route to long-term settlement. The fee for the unlimited-duration option has been confirmed as a single figure: 800,000 SAR, which the government states is intended to create a "suitable environment" packed with benefits for successful applicants.
Options for Foreigners Seeking Residency
Beyond the unlimited-duration option, the Premium Residency scheme also includes a fixed-term residency tier. This gives interested foreigners a choice based on how long they intend to remain in Saudi Arabia and how much they are prepared to invest in the application. The government has positioned the programme as targeting individuals with the financial capacity to commit to life in the Kingdom.
The high cost, equivalent to over N287 million, places the pathway out of reach for the vast majority of prospective applicants, particularly those considering the move as part of Nigeria's ongoing japa wave, as reported by Legit.ng.
Related Residency Developments in the Gulf
In a related development, the UAE government has outlined six key benefits available to foreigners holding Golden Residency. These include long-term residence without a local sponsor and the ability to sponsor spouses, children, parents, and domestic workers. Eligible applicants outside the UAE can also receive a six-month multiple-entry visa to complete their Golden Residency procedures, according to Legit.ng.
The Saudi Premium Residency fee announcement comes as Gulf nations compete to attract wealthy and skilled foreigners. The 800,000 SAR fee for unlimited-duration residency is a significant financial commitment, and interested applicants must weigh the benefits against the substantial cost.
