Saudi Arabia, one of the largest and most influential countries in the Middle East, has taken a significant step in opening its doors to foreign investors, skilled professionals, and their families through its Premium Residency (PR) program. also known as “Saudi Green Card” Introduced in 2019, the Saudi Premium Residency program is a landmark initiative aimed at attracting global talent, enhancing economic growth, and diversifying the Kingdom’s economy beyond oil dependence.

This comprehensive guide provides an in-depth look into the Saudi Premium Residency, including who can apply, the benefits, the application process, and the overall impact of this initiative on individuals and businesses.

1. What is Saudi Arabia’s Premium Residency Program?

Saudi Arabia’s Premium Residency program, also known as the “Saudi Green Card,” was launched to attract skilled expatriates, entrepreneurs, and investors. This program grants individuals permanent or temporary residency status in Saudi Arabia, allowing them to enjoy various benefits similar to those of Saudi nationals. The initiative aligns with Saudi Vision 2030, the ambitious reform plan aimed at transforming the Kingdom’s economy and society. Premium Residency holders can live, work, and invest in Saudi Arabia without needing a sponsor, which was previously a requirement for foreign workers.

2. Who Can Apply for Saudi Premium Residency?

The Premium Residency program is open to foreign nationals who meet specific criteria. There are two types of residency options available: Permanent Residency and Temporary Residency.

2.1 Eligibility Criteria for Permanent Residency

To be eligible for permanent residency under the Saudi Premium Residency program, applicants must:

• Be at least 21 years old.
• Have a valid passport.
• Provide proof of good conduct (criminal background check).
• Demonstrate the financial ability to support themselves and their family members while living in Saudi Arabia.
• Possess health insurance that meets the required standards in Saudi Arabia.
• Meet the health and medical requirements set by the Saudi authorities.

2.2 Eligibility Criteria for Temporary Residency

For temporary residency, applicants must fulfill similar requirements but must demonstrate the ability to renew their residency status after a certain period. The temporary residency status is typically granted for one year but can be renewed as long as the conditions remain met.

3. Top Benefits of Saudi Premium Residency

One of the main attractions of the Saudi Premium Residency program is the wide array of benefits that it provides. These benefits make Saudi Arabia an appealing destination for international talent, investors, and entrepreneurs.

3.1 Live and Work Without a Sponsor

One of the most significant advantages of Premium Residency is that it allows individuals to live and work in Saudi Arabia without the need for a sponsor. Traditionally, foreign workers in Saudi Arabia had to rely on a Saudi sponsor (usually an employer) for residency permits. With the Premium Residency, individuals gain more independence in their professional and personal lives.

3.2 Family Sponsorship

Premium Residency holders can also sponsor their immediate family members, including spouses, children, and dependent parents, to live in Saudi Arabia. This provides a greater sense of security and stability for expatriates who wish to relocate their families to the Kingdom.

3.3 Access to Healthcare and Education

Premium residents enjoy access to top-tier healthcare facilities, including both public and private hospitals. The Saudi government has made significant investments in healthcare infrastructure, and residents can benefit from high-quality medical care. Additionally, children of Premium Residency holders have the opportunity to enroll in local schools and universities, which are increasingly becoming competitive on a global scale.

3.4 Own Property and Business

One of the most attractive features of the Premium Residency program is the ability to own property in Saudi Arabia. While foreign nationals could previously own property under specific circumstances, Premium Residency holders have greater flexibility in purchasing and owning real estate without restrictions. Furthermore, Premium Residents can establish businesses and participate in economic activities without requiring a Saudi partner, thus allowing entrepreneurs to freely run their ventures.

3.5 Travel Freedom

Premium residents are granted a residency permit that allows them to enter and exit Saudi Arabia without the need for an exit/re-entry visa, which was traditionally required for foreign nationals. This is especially beneficial for those who need to travel frequently for business or personal reasons. In addition, Premium Residency holders can also benefit from a simplified visa application process when traveling to other GCC countries.

3.6 Enhanced Social Status

Holding a Premium Residency in Saudi Arabia offers a prestigious status, granting holders the ability to enjoy the privileges of a resident with fewer restrictions. This is a unique opportunity for professionals and investors looking to expand their horizons within a rapidly changing and growth-oriented economy.

4. Types of Saudi Premium Residency

There are two main types of Saudi Premium Residency: Permanent Residency and Temporary Residency.

4.1 Permanent Residency

Permanent residency allows foreign nationals to stay in Saudi Arabia indefinitely, with all the benefits mentioned above. Once granted, the individual enjoys the same rights as a Saudi national, except for certain political privileges such as voting or holding specific government positions. The permanent residency does not require renewal, providing a stable and long-term option for individuals who wish to make Saudi Arabia their home.

4.2 Temporary Residency

Temporary residency is granted for a specific duration, typically one year, and can be renewed as long as the holder continues to meet the program’s eligibility criteria. Temporary residents enjoy many of the same benefits as permanent residents, including the ability to work, own property, and travel freely within the country. However, they must apply for renewal before the residency expires.

5. How to Apply for Saudi Premium Residency the Right Way?

The application process for Saudi Premium Residency is straightforward but requires careful attention to detail. Applicants must go through the official portal, which has been set up by the Saudi government for this purpose. Below is a step-by-step breakdown of the application process:

5.1 Step 1: Registration on the Official Saudi Premium Residency Website

The first step is to visit and register on the official Saudi Premium Residency website which is https://pr.gov.sa/. The registration process includes providing personal details, uploading relevant documents, and submitting an application.

5.2 Step 2: Document Submission

After registering, applicants need to submit the necessary documents to prove their eligibility. These documents include:

• A valid passport.
• Proof of income and financial stability.
• Health insurance details.
• Proof of good conduct (criminal record check).
• Medical fitness certificates.

5.3 Step 3: Application Review

Once the documents are submitted, the Saudi authorities will review the application. The process can take a few weeks, depending on the volume of applications. If the application meets all the necessary requirements, applicants will be notified of their approval.

5.4 Step 4: Payment of Fees

Once approved, applicants are required to pay the applicable fees for either the permanent or temporary residency. The fee structure varies depending on the type of residency being applied for.

5.5 Step 5: Issuance of Residency

After payment, the final step is the issuance of the residency permit. Once granted, the Premium Residency holder will receive an ID card, which can be used for identification and to enjoy the privileges of the program.

6. What are the Saudi Premium Residency Fees?

The fees of obtaining Premium Residency in Saudi Arabia can vary based on the type of residency applied for.

6.1 Permanent Premium Residency Saudi Arabia

The fee for permanent premium residency Saudi Arabia is significantly higher compared to temporary residency. As of 2024, the fee for permanent residency is approximately SAR 800,000, which covers the application and residency fees.

6.2 Temporary Premium Residency Saudi Arabia

The fee for temporary premium residency Saudi Arabia is more affordable, at around SAR 100,000 for one year. Temporary residents can renew their residency at the end of the term, as long as they meet the eligibility requirements.

7. The Impacts of Premium Residency on Saudi Arabia’s Economy

The introduction of Premium Residency has the potential to significantly impact Saudi Arabia’s economy. By attracting foreign investors, professionals, and skilled workers, the program supports the Kingdom’s Vision 2030 objectives of diversifying the economy and reducing dependence on oil revenues.

7.1 Boosting Investment

One of the key impacts of Premium Residency is its ability to attract investors. By offering individuals the opportunity to own property and start businesses, Saudi Arabia positions itself as a global hub for international investment, particularly in sectors such as real estate, technology, and finance.

7.2 Attracting Global Talent

The Premium Residency program also helps in attracting skilled professionals from around the world. This influx of talent, particularly in fields such as engineering, healthcare, and technology, will help meet the growing demand for skilled labor in the Kingdom’s rapidly expanding industries.

7.3 Enhancing Tourism

With the ability to travel freely within the GCC region and benefit from improved infrastructure, Premium Residency holders may contribute to the growth of Saudi Arabia’s tourism sector. As the country positions itself as a major global tourist destination, this initiative plays a key role in attracting expatriates and foreign nationals.

8. Conclusion

The Saudi Premium Residency program represents a significant step in the Kingdom’s drive to diversify its economy and become a global center for investment, business, and skilled talent. By offering permanent and temporary residency options, along with a range of benefits, the program presents an exciting opportunity for expatriates and investors seeking to establish a long-term presence in Saudi Arabia. Whether you are looking to invest, work, or live in the Kingdom, the Saudi Premium Residency offers the flexibility, stability, and support you need to succeed.

How Yaqoot Manpower Services in Saudi Arabia Can Help with Saudi Arabia’s Premium Residency?

Navigating the process of obtaining Saudi Arabia’s Premium Residency can be complex and time-consuming, but Yaqoot Manpower Services is here to simplify it for you. As a leading manpower, HR solutions and labor outsourcing provider in Saudi Arabia, Yaqoot Manpower Services offers expert guidance and personalized assistance to help individuals and businesses meet the requirements of the Premium Residency program. From ensuring your documentation is complete to providing insights on eligibility and application procedures, Yaqoot Manpower Services ensures a smooth and hassle-free experience. With our extensive knowledge of Saudi regulations and immigration processes, we are your trusted partner in securing Premium Residency and unlocking unparalleled opportunities in the Kingdom.

Contact us today to initiate the process for your premium residency in Saudi Arabia the hassle-free way.