The Kingdom of Saudi Arabia is opening its doors to the world like never before. With its ambitious Vision 2030, Saudi Arabia is moving away from oil dependency and embracing global investment, innovation, and talent. At the heart of this transformation lies a groundbreaking initiative—Saudi Premium Residency.
Often called the Saudi “Green Card”, the Saudi Premium Residency program offers a new life for foreign investors, professionals, entrepreneurs, and families who want to build a long-term future in the Kingdom. Whether you’re looking to launch a business, invest in real estate, or simply enjoy life in a fast-growing economy, this residency offers stability, flexibility, and unmatched access to Saudi Arabia’s evolving marketplace.
In this detailed guide, we explain everything you need to know about the Saudi Premium Residency—its benefits, eligibility, types, cost, application process, and how it opens new opportunities for people from every corner of the world.
What is Saudi Premium Residency?
The Saudi Premium Residency is a special residence permit that allows qualified foreigners to live, work, and own property in Saudi Arabia without needing a local sponsor or employer. It offers similar benefits to permanent residency programs in other countries—but with unique advantages tailored for business professionals, investors, and skilled talent.
This program is a major step forward in diversifying the Kingdom’s economy and attracting international expertise and capital.
Purpose of the Residency Program
Saudi Arabia launched this initiative to:
- Attract high-net-worth individuals and entrepreneurs
- Bring in global knowledge and skills
- Diversify the economy and reduce reliance on oil
- Create a more open, competitive, and innovation-driven society
The Premium Residency supports the larger goals of Vision 2030—making Saudi Arabia a destination for global talent and investment.
Benefits of Saudi Premium Residency
Holding a Saudi Premium Residency permit gives you far more than just a visa—it gives you the freedom to live in Saudi Arabia on your own terms. These benefits apply to individuals, families, and business owners.
No Need for a Sponsor (Kafeel)
Unlike traditional residency in the Kingdom, premium residents don’t need a sponsor. You can manage your own legal status without being tied to an employer or guardian.
Freedom to Work and Own a Business
You can work in any sector, establish a company, or invest in local enterprises. Many expats who were previously restricted now have a chance to directly participate in the Saudi economy.
Real Estate Ownership
Premium residents can own property in most parts of the Kingdom. Whether it’s a home for your family or commercial space for your business, the law supports your right to own and invest.
Residency for Family Members
You can sponsor and bring your spouse, children, and parents under your residency. Your family can live, study, and work without needing separate sponsors.
Free Entry and Exit
Come and go without restrictions. No exit re-entry visas are required. You enjoy full freedom of movement in and out of the Kingdom.
Access to Government Services
Premium residents can access many of the services available to Saudi citizens, such as public healthcare, education, and utility services.
Types of Saudi Premium Residency
There are two main categories of premium residency in Saudi Arabia, depending on your goals and budget.
Permanent Premium Residency (Unlimited Duration)
- One-time fee
- Lifetime residency
- All benefits included
- Best for investors and long-term residents
Renewable Premium Residency (Annual)
- Annual fee
- Renewable every year
- Same benefits as permanent residency
- Ideal for expats testing long-term stay or business setup
There are also special residency types for:
- Real estate investors
- Talented professionals in fields like healthcare, tech, or science
- Entrepreneurs and startup founders
Who Can Apply for Saudi Premium Residency?
The program is open to citizens of any country, provided they meet the eligibility criteria. The goal is to bring high-caliber individuals who can contribute to the Kingdom’s growth.
General Eligibility Criteria
To qualify, applicants should:
- Be at least 21 years old
- Have a clean criminal record
- Pass a medical examination
- Provide proof of stable income or investment
- Have a valid passport
- Submit a detailed application with required documents
Specific criteria may vary depending on the type of residency (permanent vs annual vs investor).
Application Process for Saudi Premium Residency
The application process is streamlined, professional, and digital. Here’s a step-by-step overview.
Step 1: Online Registration
Visit the official Premium Residency Center portal and create an account. Fill out your application and upload required documents.
Step 2: Payment of Fees
Pay the non-refundable application processing fee. If approved, you’ll be asked to pay the full residency fee depending on your chosen category.
Step 3: Review and Background Check
Authorities will verify your documents, perform background checks, and validate your income or investment claims.
Step 4: Approval and Residency Issuance
If approved, your premium residency card will be issued. You can immediately begin working, living, and investing in Saudi Arabia without a sponsor.
Required Documents
Applicants will need to prepare the following:
- Valid passport (with at least 6 months validity)
- Clean criminal record certificate
- Health certificate from an authorized clinic
- Proof of financial status (income, investments, business ownership)
- Education or professional qualifications (if applying under talent category)
- Passport photos
All documents must be translated into Arabic and authenticated.
Cost of Saudi Premium Residency
The cost varies by the type of residency selected.
Permanent Residency Fee
- SAR 800,000 (approx. USD 213,000) one-time fee
- Lifetime validity
- No renewal required
Annual Residency Fee
- SAR 100,000 (approx. USD 26,600) per year
- Renewable annually
Special categories (real estate, entrepreneurs, gifted professionals) may offer adjusted pricing based on qualifications and economic value.
Who Should Consider Saudi Premium Residency?
This residency is designed for global citizens who want to contribute to and benefit from Saudi Arabia’s booming economy. It is ideal for:
Business Owners and Investors
If you want to launch a business in the Kingdom or expand your regional operations, Saudi Premium Residency gives you full control—without needing a Saudi partner.
High-Earning Professionals
Doctors, engineers, IT specialists, and senior executives can now live and work with full independence while enjoying world-class facilities.
Retirees Seeking Stability
Enjoy long-term residence with your family, own property, and access healthcare—without the complexities of traditional visas.
Global Nomads and Entrepreneurs
If you’re a digital nomad or running a startup, the freedom to live, work, and grow in a stable market is incredibly attractive.
Opportunities After Getting Premium Residency
Once you secure Saudi Premium Residency, the Kingdom opens up an entirely new chapter of possibilities.
Business and Trade
Start your own company, register with local authorities, and enter any non-restricted commercial activity. You can now be both the owner and managing director of your enterprise.
Real Estate Investment
Invest in residential, commercial, and mixed-use properties in key cities like Riyadh, Jeddah, NEOM, or Al Khobar. Real estate ownership is a game changer for expats.
Education and Lifestyle
Enroll your children in Saudi or international schools. Access premium healthcare services. Travel freely and invite family members with ease.
Financial Services
Open a local bank account, invest in Saudi stocks, and participate in government-backed investment programs.
Why Saudi Arabia is Becoming a Global Hub
The appeal of Saudi Arabia today is undeniable:
- Strategic location connecting Asia, Africa, and Europe
- One of the fastest-growing G20 economies
- Stable government with clear long-term vision
- New tourism and entertainment sectors
- Massive investment in smart cities, green energy, and infrastructure
Foreigners with Saudi Premium Residency are positioned right in the middle of this growth wave.
Tips to Maximize the Benefits of Premium Residency
To make the most of your new status, follow these strategies:
Work With Local Experts
Hire business setup consultants or legal advisors who understand local compliance, licensing, and tax rules.
Stay Up to Date
Laws and regulations may evolve. Always stay informed and compliant to enjoy uninterrupted benefits.
Invest Smart
Choose real estate or sectors aligned with national growth plans. The best returns come from long-term alignment with Vision 2030.
Network Locally
Join business groups, attend industry events, and connect with local chambers to integrate into the Saudi business culture.
Conclusion
The launch of the Saudi Premium Residency marks a bold new chapter in the Kingdom’s journey toward openness, prosperity, and global partnership. It offers more than just a visa—it provides the foundation for a secure, independent, and opportunity-filled life in one of the world’s most dynamic economies.
Whether you’re a business owner, investor, skilled professional, or simply looking for a better lifestyle for your family, this residency gives you the freedom to build your future on your terms.
From starting a business to investing in real estate, Saudi Arabia is ready for you. And the best way to navigate the system with confidence is through expert guidance from trusted Business Setup Consultants in Saudi Arabia.
FAQs
Can I apply for Saudi Premium Residency if I don’t have a job?
Yes. You don’t need a job offer. The residency is open to those with financial stability, business plans, or professional qualifications.
Is Saudi Premium Residency permanent?
There is a permanent option with a one-time fee and a renewable option that must be renewed annually.
Can my spouse and children live with me?
Yes. You can sponsor your spouse, children, and even parents under your residency.
Can I start a business with Premium Residency?
Absolutely. You can start, own, and manage a business without needing a local sponsor.
Do I need to live in Saudi Arabia year-round?
No. There is no minimum stay requirement, but regular visits and activities help maintain active status.
