Saudi Arabia has officially launched its groundbreaking Premium Residency Program, widely known as the “Saudi Green Card.” This new initiative allows qualified foreign professionals, investors, and talented individuals to live, work, and own property in the Kingdom without the need for a local sponsor (kafeel).
This is a major shift in Saudi Arabia’s policy, designed to attract global talent and diversify its economy under the ambitious Vision 2030 plan. The program offers two main types of residencies to suit different needs.
Two Tiers of Premium Residency
- Annual Premium Residency:
- Cost: Renewable yearly, with fees starting from 100,000 Saudi Riyals (SAR).
- Eligibility: Targeted at high-skilled professionals and their families.
- Permanent Premium Residency:
- Cost: A one-time fee of 800,000 Saudi Riyals (SAR).
- Eligibility: Aimed at wealthy investors and highly exceptional talents.
A special discounted category is also available for notable experts in fields like science, medicine, and research, with fees as low as SAR 4,000 per year.
VISA-FREE UAE ENTRY FOR THESE PAKISTANI PASSPORT HOLDERS
Key Benefits of the Saudi Green Card
Holders of the Premium Residency will enjoy a range of privileges, including:
- Sponsor-Free Living: The freedom to reside, work, and change jobs without a kafeel.
- Property Ownership: The right to own real estate for residential and commercial use.
- Business & Investment: The ability to easily own and operate businesses and invest in the Saudi market.
- Family Sponsorship: The right to sponsor family members, including spouses, children, and parents.
- Ease of Travel: Multiple exit and re-entry entries without restrictions.
Who is Eligible?
To qualify for the Saudi Green Card, applicants must:
- Be at least 21 years old.
- Provide proof of financial stability.
- Have a clear criminal record.
- Pass medical and security checks.
- Hold a valid passport.
This program marks a significant step in Saudi Arabia’s journey to becoming a global hub for business, innovation, and tourism.
Frequently Asked Questions (FAQs)
1. What is the main advantage of the Saudi Green Card?
The biggest advantage is the freedom to live, work, and run a business in Saudi Arabia without being dependent on a local sponsor (kafeel).
2. How much does the permanent residency cost?
The one-time fee for permanent residency under this program is 800,000 Saudi Riyals (SAR).
3. Can my family come with me?
Yes, one of the key benefits is the ability to sponsor your family members, including your spouse, children, and parents.
4. Who is eligible for the discounted residency?
Highly skilled professionals and exceptional talents in specific fields like science, medicine, and research may be eligible for a discounted annual residency fee starting from SAR 4,000.
