Options for Saudi Arabia Nationals
High-net-worth Saudi nationals represent a significant and growing segment of the global second passport market, driven by a desire for travel freedom, international education access, and asset diversification. While Saudi Arabia levies no income tax and is undergoing a remarkable social and economic transformation under Vision 2030, the prohibition on dual citizenship means acquiring a second passport carries legal and personal consequences that require careful planning.
Your Passport
Passport Rank
#65
Visa-Free
80
destinations
not allowed
no income tax
Key Considerations for Saudi Arabia Nationals
- 01Saudi Arabia does not permit dual citizenship; Saudi nationals who acquire foreign citizenship technically lose their Saudi nationality, though enforcement can be inconsistent in practice.
- 02Saudi nationals pay no personal income tax, making the Kingdom one of the world's most tax-efficient home countries for those with Saudi-source wealth ā a key factor when evaluating whether acquiring a second passport is worth the risk of citizenship loss.
- 03The kafala (sponsorship) system for expatriate workers in Saudi Arabia has undergone significant reforms under Vision 2030, including new portability rights, though it remains a consideration for foreign nationals residing in the Kingdom.
- 04Saudi Arabia's new Premium Residency programme offers long-term residency rights to qualifying investors, entrepreneurs, and skilled professionals, providing an alternative to citizenship for high-net-worth individuals seeking to build long-term ties to the Kingdom.
- 05Vision 2030 has dramatically opened Saudi Arabia to tourism, entertainment, and foreign investment, creating new lifestyle and business opportunities that have attracted a significant wave of global talent.
- 06Women's rights reforms introduced since 2017 ā including the right to drive, travel independently, and participate more fully in the workforce ā have meaningfully changed the social landscape for female residents and expatriates.
Program Restrictions
general: Saudi applicants for CBI programmes must carefully consider the implications for their Saudi citizenship status; most programmes advise consulting legal counsel on the interaction between Saudi law and the naturalisation process.
Visa Programs Available to You
82 programsPortugal D7 Passive Income Visa
Portugal PRT
Processing
2mo
Min. Income
$820
Citizenship
5y
Portugal D8 Digital Nomad Visa
Portugal PRT
Processing
2mo
Min. Income
$3,280
Citizenship
5y
Portugal Golden Visa (ARI)
Portugal PRT
Processing
6mo
Min. Income
ā
Citizenship
5y
Spain Non-Lucrative Visa
Spain ESP
Processing
3mo
Min. Income
$2,800
Citizenship
10y
Spain Digital Nomad Visa
Spain ESP
Processing
3mo
Min. Income
$2,800
Citizenship
10y
Italy Elective Residence Visa
Italy ITA
Processing
3mo
Min. Income
$33,000
Citizenship
10y
Greece Golden Visa
Greece GRC
Processing
4mo
Min. Income
ā
Citizenship
7y
Malta Permanent Residence Programme (MPRP)
Malta MLT
Processing
6mo
Min. Income
ā
Citizenship
No
Banking That Accepts Your Passport
15 optionsWise (formerly TransferWise)
multi currency account
40 currencies
Free
Revolut
digital bank
36 currencies
Free
N26
digital bank
1 currencies
Free
Chase UK
digital bank
1 currencies
Free
HSBC Expat
traditional bank
19 currencies
$35/mo
Interactive Brokers
brokerage
23 currencies
Free
Charles Schwab International
brokerage
1 currencies
Free
Standard Chartered
traditional bank
12 currencies
$10/mo
DBS Bank Singapore
traditional bank
13 currencies
$7/mo
Emirates NBD
traditional bank
6 currencies
Free
Mercury
digital bank
1 currencies
Free
Payoneer
multi currency account
70 currencies
Free
Monzo
digital bank
1 currencies
Free
Starling Bank
digital bank
1 currencies
Free
Nubank
digital bank
1 currencies
Free
Company Formation Jurisdictions
17 jurisdictionsUK Private Limited Company (Ltd)
Setup: $50
25% (19% for profits under GBP 50,000; marginal relief between GBP 50,000ā250,000)
Banking: moderate
US Delaware LLC
Setup: $200
0% at state level (no Delaware state income tax on out-of-state activity); federal tax depends on election (pass-through by default or C-Corp election)
Banking: moderate
US Wyoming LLC
Setup: $100
0% at state level (no Wyoming state income tax); federal tax depends on entity election
Banking: moderate
Estonia OĆ (Private Limited Company)
Setup: $265
0% on retained earnings; 20% on distributed profits (unique deferred distribution tax model)
Banking: difficult
Dubai DMCC Free Zone Company
Setup: $8,500
9% UAE Corporate Tax (effective June 2023) on taxable profits over AED 375,000; 0% for Qualifying Free Zone Persons meeting substance requirements
Banking: moderate
Dubai IFZA Free Zone Company
Setup: $5,500
9% UAE Corporate Tax on profits over AED 375,000; 0% for Qualifying Free Zone Persons on qualifying income
Banking: moderate
Singapore Private Limited Company (Pte Ltd)
Setup: $400
17% headline rate; effective rate often 8ā10% due to startup tax exemptions (75% exemption on first SGD 100,000 for first 3 years)
Banking: moderate
Hong Kong Private Limited Company
Setup: $500
16.5% standard; 8.25% on first HKD 2 million of assessable profits (two-tiered regime)
Banking: difficult
BVI Business Company (BC)
Setup: $2,000
0% (no corporate income tax, capital gains tax, or withholding tax)
Banking: difficult
Cayman Islands LLC
Setup: $3,500
0% (no corporate tax, income tax, capital gains tax, or withholding tax; 20-year tax exemption certificate available)
Banking: difficult
Portugal Lda (Sociedade por Quotas)
Setup: $1,200
21% standard IRC; 17% on first EUR 25,000 for SMEs; municipal surcharge up to 1.5%; RFAI and other incentives available
Banking: moderate
Georgia Individual Entrepreneur (IE) with Virtual Zone
Setup: $50
1% on turnover up to GEL 500,000/year (Small Business Status); 0% on IT/software exports for Virtual Zone Person status; standard rate 15% corporate + 5% dividend withholding
Banking: easy
Ireland Limited Company (Ltd)
Setup: $350
12.5%
Banking: moderate
Netherlands BV
Setup: $1,500
19-25.8%
Banking: moderate
Cyprus Limited Company
Setup: $2,000
12.5%
Banking: moderate
Malta Limited Company
Setup: $2,500
5% effective (via refund system)
Banking: moderate
Seychelles IBC (International Business Company)
Setup: $700
0% (offshore income)
Banking: difficult
Citizenship by Investment
10 programsMalta Citizenship by Naturalisation for Exceptional Services by Direct Investment
Malta
From
$690,000
Processing
14mo
Visa-Free
186
Due Diligence
extensive
St Kitts and Nevis Citizenship by Investment
St Kitts and Nevis
From
$250,000
Processing
6mo
Visa-Free
157
Due Diligence
enhanced
Commonwealth of Dominica Citizenship by Investment
Dominica
From
$100,000
Processing
5mo
Visa-Free
144
Due Diligence
enhanced
Antigua and Barbuda Citizenship by Investment
Antigua and Barbuda
From
$130,000
Processing
6mo
Visa-Free
151
Due Diligence
enhanced
Grenada Citizenship by Investment
Grenada
From
$150,000
Processing
6mo
Visa-Free
148
Due Diligence
enhanced
St Lucia Citizenship by Investment
St Lucia
From
$100,000
Processing
5mo
Visa-Free
146
Due Diligence
enhanced
Turkish Citizenship by Investment
Turkey
From
$400,000
Processing
4mo
Visa-Free
110
Due Diligence
standard
Vanuatu Citizenship by Investment (DSP / VDSP)
Vanuatu
From
$130,000
Processing
2mo
Visa-Free
113
Due Diligence
standard
Egyptian Citizenship by Investment
Egypt
From
$300,000
Processing
6mo
Visa-Free
53
Due Diligence
standard
Jordanian Citizenship by Investment
Jordan
From
$750,000
Processing
9mo
Visa-Free
57
Due Diligence
enhanced