Saudi Arabia offers expats permanent residency for $213,000

Saudi Arabia has opened applications for a permanent residency programme designed to attract foreign investment to the Kingdom and it will cost $213,000 (SAR 800,000). The Premium Residency Center began receiving applications for the new residency system through the electronic platform SAPRC (saprc.gov.sa) last Sunday. The residency scheme offers two types of residencies, a permanent one for 800,000 Saudi riyals ($213,321.96) and a one year but renewable residency for 100,000 Saudi riyals ($26,665.24). According to the website for applications, the premium residencies will allow fo...