Saudi Arabia has emerged as a top destination for professionals, entrepreneurs, and investors from around the world. With its thriving economy, tax-free income, and strategic location, many expatriates seek long-term residency in the Kingdom. However, traditional work visas (Iqama) are tied to employers, limiting opportunities for independent living and business ownership.
To address this, Saudi Arabia introduced the Premium Residency Program—a game-changer that allows foreigners to live, work, and invest in the country without a local sponsor. This prestigious residency program provides long-term stability, legal security, and financial benefits, making it one of the most sought-after residency options in the region.
Applying for Premium Residency can be complex, requiring documentation, financial qualifications, and legal compliance. This is where HR International, a specialized consultancy, plays a vital role in guiding applicants through the process. In this guide, we’ll cover everything you need to know about obtaining Permanent Residency in Saudi Arabia and how expert assistance can make the process seamless.
Understanding Saudi Arabia’s Premium Residency Program
Saudi Arabia’s Premium Residency Program, also known as the Saudi Green Card, was launched in 2019 as part of Vision 2030—the Kingdom’s plan to diversify its economy and attract top-tier global talent.
Unlike traditional work permits, which are linked to an employer, the Premium Residency is an independent status that offers full autonomy to live, work, and own assets in Saudi Arabia.
It is designed for high-net-worth individuals, skilled professionals, and business investors who want to establish a long-term presence in the Kingdom.
Key Features of Premium Residency:
- No need for a local sponsor (Kafeel)
- Full freedom to live and travel in Saudi Arabia
- The ability to own property and businesses
- Family sponsorship, including spouse and children
- Access to multiple investment opportunities
- Long-term stability compared to traditional work visas
By obtaining Premium Residency, expatriates gain greater legal security, business freedom, and personal stability, making it an attractive option for those who want to establish deep roots in the country.
Types of Premium Residency in Saudi Arabia
Saudi Arabia offers two main types of Premium Residency:
1. Permanent Premium Residency (Lifetime Residency)
This is a one-time residency that allows individuals to reside in Saudi Arabia indefinitely. It comes with a one-time fee and offers the highest level of benefits, including real estate ownership, business investment rights, and family sponsorship.
- Cost: SAR 800,000 (approximately $213,000)
- Validity: Lifetime
- Best For: Entrepreneurs, high-net-worth individuals, long-term investors
2. Temporary Premium Residency (Renewable Annually)
This residency is valid for one year and can be renewed annually by paying a renewal fee. It is ideal for professionals and business owners who want to explore opportunities before committing to permanent residency.
- Cost: SAR 100,000 (approximately $26,660) per year
- Validity: 1-year, renewable annually
- Best For: Professionals, short-term investors, business owners testing the market
Both options provide unmatched flexibility and independence, making them superior to traditional visa categories.
Eligibility Criteria for Saudi Premium Residency
To qualify for Premium Residency, applicants must meet strict financial and legal criteria to ensure they contribute positively to Saudi Arabia’s economy.
General Requirements:
- Must be at least 21 years old
- Hold a valid passport
- Have a clean criminal record (no serious offenses or security risks)
- Provide a medical report proving good health (no contagious diseases)
Financial Requirements:
- Proof of financial stability (income, investments, or assets)
- Ability to pay the residency fee in full
- Business owners must show relevant financial documentation
Applicants who meet these criteria are eligible to apply for Premium Residency, granting them exceptional benefits and long-term security in Saudi Arabia.
Benefits of Saudi Premium Residency
Obtaining Premium Residency in Saudi Arabia provides unparalleled advantages:
1. Freedom to Live, Work, and Travel
- No restrictions on living in any city in Saudi Arabia
- Freedom to enter and exit the Kingdom without needing a re-entry visa
- Ability to work in any sector or establish your own business
2. Business and Investment Opportunities
- 100% ownership of businesses (no local sponsor required)
- Ability to invest in various sectors, including real estate, trade, and industry
- Access to Saudi Arabia’s booming economy and Vision 2030 projects
3. Property Ownership
- Premium Residency holders can own residential, commercial, and industrial properties
- Greater financial security and wealth-building opportunities
4. Family Benefits
- Can sponsor spouse, children, and dependents without extra charges
- Family members can study, work, and invest in Saudi Arabia
5. Legal Protection and Stability
- No need to renew traditional work permits
- Protection under Saudi law, ensuring legal security
These benefits make Premium Residency one of the most attractive programs for expatriates looking to settle in Saudi Arabia.
Living in Saudi Arabia as a Permanent Resident
If you plan to live in Saudi Arabia long-term, here’s what you can expect:
Lifestyle & Culture
- A mix of traditional values and modern developments
- Safe and secure environment
- Family-friendly lifestyle
Healthcare & Education
- Access to world-class hospitals and clinics
- International schools for expat children
- Affordable private healthcare plans
Cost of Living
- No personal income tax
- Reasonable housing costs compared to UAE and Qatar
- High-quality infrastructure and services
Saudi Arabia offers a stable and prosperous environment for expats who secure permanent residency.
Business and Investment Opportunities for Permanent Residents
Premium Residency holders can fully own businesses in Saudi Arabia. Key sectors include:
- Real Estate: Buy, sell, and rent properties freely
- Retail & E-commerce: Growing digital marketplace opportunities
- Tourism & Hospitality: With projects like NEOM and The Red Sea Project, tourism is booming
- Technology & Startups: Government incentives for tech entrepreneurs
With business-friendly policies and growing investment opportunities, Saudi Arabia is an ideal place for entrepreneurs and investors.
Application Process for Saudi Premium Residency
The application process for Premium Residency requires thorough documentation and expert guidance. Below is a step-by-step breakdown:
Step 1: Prepare Documents
Gather all required documents, including:
- Valid passport
- Financial proof (bank statements, salary slips, or investment records)
- Medical report proving good health
- Police clearance certificate for security verification
Step 2: Submit the Application
- Applications must be submitted through the official Saudi Premium Residency Portal
- Fill in personal details, financial records, and employment/business information
Step 3: Pay the Fees
- Permanent Residency: SAR 800,000 (one-time fee)
- Temporary Residency: SAR 100,000 per year
Step 4: Application Review & Approval
- Authorities review financial status, criminal records, and health reports
- The process can take weeks to months based on verification procedures
Step 5: Receive the Residency Permit
- Once approved, the Premium Residency card is issued
- Applicants can now reside, work, and invest freely in Saudi Arabia
Why Seek Expert Assistance from HR International?
Applying for Premium Residency involves navigating legal, financial, and bureaucratic challenges. HR International simplifies the process by:
- Providing Expert Consultation – Helping clients determine eligibility and choose the right residency option
- Managing Documentation – Ensuring all paperwork is correct to avoid application delays
- Navigating Legal Complexities – Assisting with background checks, medical clearances, and legal procedures
- Offering Financial Advisory – Helping applicants meet the financial requirements efficiently
With a proven track record of successful applications, HR International ensures a smooth, hassle-free process for obtaining Saudi Permanent Residency.
Final Thoughts
Saudi Arabia’s Premium Residency Program is a golden opportunity for professionals, investors, and entrepreneurs to establish a long-term presence in the Kingdom. With benefits such as business ownership, property investment, family sponsorship, and freedom of movement, it provides unmatched security and financial stability.
However, the application process can be challenging. HR International’s expert guidance ensures applicants meet all requirements and navigate the process smoothly. Whether you’re a business owner, skilled professional, or investor, obtaining Permanent Residency in Saudi Arabia can be a life-changing decision.
Take the next step today!
Frequently Asked Questions (FAQs)
1. How long does it take to process the Premium Residency application?
Processing can take anywhere from a few weeks to several months, depending on document verification and background checks.
2. Can I apply for Premium Residency if I already live in Saudi Arabia?
Yes, current expatriates can apply, provided they meet financial and legal requirements.
3. Do I need a local sponsor for Premium Residency?
No, Premium Residency eliminates the Kafala (sponsorship) system.
4. Can I buy property with a Premium Residency permit?
Yes, Premium Residency holders can own property for residential, commercial, and industrial purposes.
5. What happens if I don’t renew my temporary residency?
If you do not renew your Temporary Premium Residency, it will expire, and you may lose residency status.