Saudi Arabia’s Premium Residency program, also called the Saudi Green Card, allows skilled professionals, entrepreneurs, and investors to live, work, and invest in the country. Introduced in 2019 under the Vision 2030 reform plan, the program is part of the kingdom’s efforts to diversify its economy beyond oil and attract global talent and investment.
The Premium Residency provides several advantages for residents. Holders can start and manage businesses, invest in the Saudi capital market, and work in private organizations without needing a local sponsor. They can travel in and out of Saudi Arabia without visas and use fast-track re-entry lanes.
Family members of residents can also apply for a Saudi residence permit. They are allowed to live, work, and invest in the country. Premium Residency holders can own residential, commercial, and industrial property, providing long-term investment opportunities and financial security.
Eligibility and family sponsorship
Applicants must meet specific eligibility criteria. They should be at least 21 years old, in good health, free from criminal convictions, and able to demonstrate sufficient financial resources to support themselves and any dependents.
Family sponsorship is allowed for legally married spouses, unmarried children under 25, and dependent parents in certain conditions. Eligibility rules for family sponsorship may vary based on the type of Premium Residency applied for.
Types of Premium Residency
Saudi Arabia offers seven categories of Premium Residency, each designed for different groups:
Application process and fees
Applicants must provide passport copies, recent photographs, proof of financial capacity, medical reports, and documents for family members if applicable. Applications are submitted online through the official portal. Applicants may also need to attend a biometric appointment for fingerprint and data verification.
Fees vary by category. Most residencies require SAR 4,000, while the unlimited duration residency costs SAR 800,000. The Limited Duration Residency is SAR 100,000 per year. Fees are non-refundable and are payable during the application process.
The Premium Residency scheme positions Saudi Arabia as a competitive hub for global talent, that aims to enhance economic growth, cultural exchange, and knowledge sharing while opening doors for long-term investment and career opportunities.
The Premium Residency provides several advantages for residents. Holders can start and manage businesses, invest in the Saudi capital market, and work in private organizations without needing a local sponsor. They can travel in and out of Saudi Arabia without visas and use fast-track re-entry lanes.
Family members of residents can also apply for a Saudi residence permit. They are allowed to live, work, and invest in the country. Premium Residency holders can own residential, commercial, and industrial property, providing long-term investment opportunities and financial security.
Eligibility and family sponsorship
Applicants must meet specific eligibility criteria. They should be at least 21 years old, in good health, free from criminal convictions, and able to demonstrate sufficient financial resources to support themselves and any dependents.
Family sponsorship is allowed for legally married spouses, unmarried children under 25, and dependent parents in certain conditions. Eligibility rules for family sponsorship may vary based on the type of Premium Residency applied for.
Types of Premium Residency
Saudi Arabia offers seven categories of Premium Residency, each designed for different groups:
Application process and fees
Applicants must provide passport copies, recent photographs, proof of financial capacity, medical reports, and documents for family members if applicable. Applications are submitted online through the official portal. Applicants may also need to attend a biometric appointment for fingerprint and data verification.
Fees vary by category. Most residencies require SAR 4,000, while the unlimited duration residency costs SAR 800,000. The Limited Duration Residency is SAR 100,000 per year. Fees are non-refundable and are payable during the application process.
The Premium Residency scheme positions Saudi Arabia as a competitive hub for global talent, that aims to enhance economic growth, cultural exchange, and knowledge sharing while opening doors for long-term investment and career opportunities.
You may also like
Gold prices decline, silver rises amid mixed global trends
No matter whose maa, she is honourable for everyone: RJD denies any connection with abuse of PM's mother
People with the flu in UK to get new, speedy treatment as medication rules removed
Maratha quota stir: Apology in court, government acceptance & a win for Manoj Jarange - how it unfolded
Geri Horner's rarely-seen daughter is spitting image of Spice Girl on day out
