The Kingdom of Saudi Arabia is one of the leading countries in the Gulf region, consistently working towards improving its economic, commercial, and financial environment. One of the most prominent steps taken by the Kingdom in this direction is the launch of the “Premium Residency” or what is commonly known as the “Green Card” in 2019. This system aims to attract highly skilled foreigners, investors, and distinguished professionals to live and work in Saudi Arabia, contributing to enhancing the national economy and diversifying sources of income. In this article, we will explore the details of the Premium Residency Saudi, its requirements, benefits, and how to apply for it, in addition to discussing the role of Sada Law Firm in facilitating its procedures.
What is Premium Residency Saudi?
Premium Residency Saudi is a program that offers foreigners the option to obtain either permanent or temporary residency in the Kingdom for a certain fee, granting them rights similar to those of Saudi citizens in many fields. This program was launched as part of Saudi Arabia’s Vision 2030, which aims to improve the investment environment and enhance the Kingdom’s ability to attract individuals with global expertise and skills. Premium Residency Saudi is granted to foreigners seeking to settle in Saudi Arabia and directly contribute to the Saudi economy.
There are two types of Premium Residency offered in Saudi Arabia:
- Permanent Residency: This is granted to individuals who wish to settle permanently in the Kingdom, with benefits such as the ability to own properties and vehicles, in addition to the option to work without the need for a sponsor.
- Temporary Residency: This type of residency allows foreigners to live and work in the Kingdom for a specified period, which can extend for several years with the possibility of renewal.
Through this system, Saudi Arabia aims to attract foreign capital, and skilled labor, and enhance its position as a global economic hub.
Saudi premium residency requirements
For an individual to apply for Premium Residency Saudi, they must meet a set of conditions specified by the Saudi Ministry of Interior. These conditions vary depending on the type of residency being applied for, whether permanent or temporary and include:
- Legal Age: The applicant must be above 21 to ensure that only mature individuals are eligible for the program.
- Reputation and Criminal Record: The applicant must have no criminal record in Saudi Arabia or any other country.
- Financial Capability: Obtaining Premium Residency Saudi requires proving the applicant’s financial ability, which can include submitting documents indicating their financial stability and sufficient resources for living in the Kingdom.
- Health Insurance: Applicants must provide health insurance covering all their healthcare needs during their stay in Saudi Arabia.
- Professional Record: Individuals employed in certain fields, must possess a strong professional record in areas that contribute directly to the Saudi economy, such as technology, engineering, medicine, and other specialized fields.
- Documentation: The applicant must submit a set of official documents, such as a passport, a certificate of good conduct, financial records, and any other required documents to apply for residency.
Benefits of Premium Residency Saudi
Premium Residency Saudi offers a range of benefits that make it appealing to many foreigners who wish to live and work in the Kingdom. Some of the key benefits include:
- Freedom of Residency and Employment: Premium Residency Saudi holders in Saudi Arabia are granted the right to work in the Kingdom without the need for a sponsor, giving them greater freedom in making professional decisions.
- Property and Vehicle Ownership: One of the most notable benefits is that Premium Residency Saudi holders can own properties and vehicles in Saudi Arabia, which is typically not available to those on temporary work visas.
- Access to Government Services: Premium Residency Saudi holders can benefit from various government services, such as education and healthcare, as well as obtain family visit visas or visas for private employment.
- Investment Opportunities in Saudi Arabia: Premium Residency Saudi holders are allowed to invest in commercial and industrial projects in Saudi Arabia, contributing to the country’s economic growth.
- Independence: This program allows individuals to live and work in Saudi Arabia independently, without relying on a sponsor, thus reducing restrictions for expatriates.
- Family Residency: Premium Residency Saudi holders can also apply for residency for their families or dependents, making it easier for families to settle in Saudi Arabia.
- Educational Opportunities: Premium Residency Saudi holders can enroll their children in Saudi schools and universities, thus benefiting from the advanced educational opportunities the Kingdom offers.
- Tax Exemptions: Some Premium Residency Saudi holders enjoy tax exemptions in specific areas, such as investments, which helps improve their financial position.
How to Apply for Premium Residency in Saudi
The application process for Premium Residency Saudi is done through the official website of the Directorate General of Passports. The application requires filling out an online form that includes all personal and professional details, along with submitting necessary documents such as a passport, a personal photo, a health insurance certificate, and financial documents proving the applicant’s financial capability.
After applying for Premium Residency Saudi, it will be assessed based on the criteria set by the relevant authorities. If the application is approved, the applicant will be granted a Premium Residency Saudi card, which gives them access to the benefits provided under this system.
The process of obtaining a Premium Residency Saudi in Saudi Arabia can take anywhere from a few weeks to several months, depending on the speed of the procedures and the availability of required documents. Applicants can track the status of their Premium Residency Saudi applications through the official government website.
Sada Law Firm and Its Role in Facilitating Premium Residency Saudi Procedures in Saudi Arabia
Sada Law Firm, one of the leading legal firms in Saudi Arabia, strives to provide full legal support to individuals and businesses wishing to apply for Premium Residency Saudi. Sada Law Firm offers comprehensive legal advisory services that help streamline the complex procedures associated with applying for Premium Residency Saudi. The team at Sada Law Firm has extensive experience in dealing with Saudi regulations and laws, ensuring that professional and specialized legal solutions are provided.
Clients wishing to apply for Premium Residency Saudi in Saudi Arabia can benefit from the services of Sada Law Firm in several areas, such as:
- Legal Consultation: Providing comprehensive legal advice on the conditions of Premium Residency Saudi and the procedures required to obtain it.
- Document Preparation: Assisting applicants in preparing and organizing all the legal documents required for submitting the Premium Residency Saudi application.
- Dealing with Government Authorities: Facilitating interactions with the relevant government authorities in Saudi Arabia, such as the Ministry of Interior and the Directorate of Passports, and following up on the necessary procedures for Premium Residency Saudi.
- Contract Drafting: Providing legal drafting services for contracts that may be part of the Premium Residency Saudi application, such as employment or investment contracts.
- Dispute Resolution: In case of any disputes related to Premium Residency Saudi, the Sada team assists in resolving conflicts through legal channels.
Sada Law Firm’s experience in providing legal services ensures a smooth and secure experience for clients during the application process for Premium Residency Saudi in Saudi Arabia, saving time and effort while ensuring full compliance with Saudi laws.
Conclusion
Premium Residency Saudi represents a significant step towards achieving the goals of Saudi Vision 2030, as it helps attract global talent and foreign investors, and supports the national economy. With a range of benefits including the freedom to live and work, property, and vehicle ownership, this system has become an appealing option for many individuals wishing to settle and work in Saudi Arabia.
If you are considering applying for Premium Residency Saudi or need legal assistance in this regard, Sada Law Firm provides the necessary support and legal expertise to ease the process. With its professional team, Sada Law Firm offers integrated legal solutions that ensure success in your legal procedures at the highest level of efficiency and professionalism.
