Overview: Now Saudi Arabia has become one of the fastest growing economies in the world, and They opened its doors wider for international investors and residents to diversifying their environment economy growth, through the Saudi Premium Residency Program (referred as Saudi Green Card) and Foreign investor Visa Program. Which Are a Part of Saudi 2030 Vision.
in This Article we’ll Guide You to How You can Get The Premium Residency Card (Saudi Green Card) and Visa in Saudi Arabia Step by Step, with providing the benefits Of Premium Residency in Saudi Arabia, eligibility criteria, and application processes for Green Card of Saudi Arabia.
What is Saudi Premium Residency Program
The Saudi Premium Residency Program is a groundbreaking Solution for internationals to be owner of Own Businesses, and Properties to Live and Work Freedomly without a Saudi Citizen as a Sponsor, This initiative Residency Program is a significant innovative decision of the Kingdom’s for residency and economic participation from foreign nationals.
Saudi Premium Residency Types and Applicable Fees to Get The Saudi Green Card
There in Saudi Arabia, Premium Residency are offered in the Two Forms, 1. Permanent Premium Residency 2. Temporary or Limited Time Premium Residency,
- Permanent Saudi Premium Residency: This Type of Residency is Required one-time payment of 800,000 SAR (Equal to 2,12,977$), and its granting the Residency holder for permanent resident in Saudi Arabia.
- Temporary or Limited Time Premium Residency: This Residency Requires 100,000 SAR (26,622$) for each year of residency, with a reduction of 2% fees per year and on an accumulative basis, if applying for more than a year.
Note: They are Divided this two forms of Residency in some others forms Concerning on Categorization of Residence, Foreign investors Residency, Real Estate owner Residency, Gifted Residency, Special Talent Residency, and Entrepreneur Residency,
Check The Best Suitable Residency Program for You at Saudi Premium Residency Center بوابة الإقامة المميزة, Source
Benefits of Premium Residency
- Freedom in Investment and Own Property in Saudi Arabia: Premium Residency holders can invest in Various Type of businesses and be owner of own properties in Saudi Arabia Following the Investment Law Guidelines, and it’s a privilege, which previously reserved only for Saudi nationals.
- Enjoy Your Life With Family Members in Saudi Arabia, You Can Live in Saudi Arabia with your parents, spouses, and children under 25 under your Premium Resident Authority Card.
- Easy Travel The Exit and Entry Anytime: The Premium Residency Holders and Their Family Members Can Exit and Entire in Saudi Arabia without Requiring a Visa. streamlining their travel process.
- Entitlement in Visit Visas For Relatives: Premium Residents will get the All Rights to Provide The Visit Visas For their Relatives.
- No Need to depend on a Local Sponsor: Premium Residents get the full rights for live in Saudi Arabia Like a Local Resident, and They don’t depend on a Local Sponsor Like the traditional residency system of Saudi Government.
- Access to Saudi Public Services: Residency Holders enjoy the full access to Saudi public services, including education and healthcare, with Use the tracks dedicated to Saudi citizens at airports. they on par with Saudi citizens.
Saudi Premium Reaidency Eligibility Criteria
To qualify for Premium Residency in Saudi Arabia the international applicants must meet several criteria:
- Bank Statement or Financial Stability Proofs: Applicants must be demonstrate a stable financial situation by Bank Statement or others Assets, ensuring they can support themselves and any dependents while Live in Saudi Arabia.
- A Valid Passport: Saudi Residency Applicants must hold a valid passport from their home country.
- No Criminal Record: A Police Clearance of criminal record is mandatory for eligibility to get the Saudi premium residency Visa and (Green card).
- Health Insurance: Also Applicants Must have Comprehensive health insurance, which coverage the applicant and their dependents (family) health insurance,
- Medical Fitness: Applicants must pass a medical examination to ensure they are in good health.
How to Apply for Premium Residency Visa in Saudi Arabia for international
The Saudi Premium Residency Visa Application Process involves several steps:
- Submission of Legal Documents: Applicants must submit all Legal Valid documents, including: a valid passport, proof of financial stability, Police Clearence, and health insurance coverage.
- Medical Examination Paper: Applicants of Saudi Premium residency must undergo a medical examination to confirm their All Over health and fitness conditions.
- Background Check: The Saudi authorities will take some time to conduct a thorough background verification, including a review of the applicant’s criminal record and financial situation.
- Payment of Fees: Aplicants Must Pay the corresponding fees of Premium residency, Depending on the type of residency, For premium Permanent Residency Aplicants must be one time Pay 800,000 SAR (Equal= 2,12,977$) and Temporary Premium Residency Applicants Must pay 100,000 SAR (26,622$) for each year of residency, with a reduction of 2% fees per year and on an accumulative basis, if applying for more than a year.
- Issuance of Residency Card: upon successful Approval by the Saudi Premium residency authorities, the Premium Residency card (Green Card) will issued, and it will granting the holder all rights and privileges associated with the program.
Conclusion:
We Believe that, Now you’re Well known all about of Saudi Premium Residency, The application Process, fees, Required Documents and all Legal Information, in case if you have any confusion or Want to Get Your Saudi Premium Residency Green Card Though our help, Now You Can Contact Law Firm LLB Best Lawyers, our Lawyers are Best Experienced lawyer in Kingdom of Saudi Arabia in Foreign Investment Law and Business Setup in Saudi Arabia for international investors and residents.
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Read More: Best Law and legal Studies Universities Courses in Saudi Arabia.