Saudi Arabia has become an attractive destination for expatriates due to its rich cultural heritage, rapid modernization, and strategic Vision 2030 initiatives. The launch of the Premium Residency program has opened the doors for individuals seeking to live, invest, or work in the Kingdom without needing a local sponsor. Known as the Saudi Green Card, this program offers numerous benefits and opportunities.

As of January 2024, Saudi Arabia has added five new products to its Premium Residency program. This move aims to attract more foreign talents, diversify the economy, generate job opportunities, and facilitate knowledge transfer. According to ARAB NEWS, the most notable addition is the privilege to own residential real estate assets worth a minimum of SR4 million ($1.07 million) within the Kingdom. For more details, you can read “Everything you need to know about the Saudi Premium Residency”

In this blog, we are throwing the light on obtaining Premium Residency, covering aspects such as lifestyle, culture, and practical tips for a smooth transition.

Obtaining Saudi Premium Residency Steps

1.Registration and required documents submission

• Ensure that your passport is valid for at least one hundred and eighty (180) days.
• Any passport holder may apply for specific residency product through the Center’s electronic portal (https://pr.gov.sa).
•  Follow the steps indicated on the portal, including creating an electronic account, and provide all information and the supporting documents in Arabic or English, unless it is “optional”. 
• You could provide supplementary information to support and expedite the Center’s processing of the application. A processing fee of one hundred and seventy (170) US dollars will be charged during this phase.
• If the application is filed from inside the Kingdom, the applicant shall have a legal residency permit.
• An applicant may appoint an agent to submit the application on his behalf in accordance with legal procedures.

2.Application review

An account manager shall be appointed for the applicant to perform the following tasks:

• Verifying that the applicant satisfies the general conditions and requirements for applying for the premium residency permit.
• Verifying that the applicant satisfies the special conditions and requirements for applying for the specific residency product.
• Requesting a reference letter from the employer or the regulatory entities.
• Communicating with the applicant to inquire about any of the information or documents provided thereby.
• Requesting any other relevant documents.
• Following up on the application until it is completed.

The Center may reject an application upon the lapse of sixty (60) days from the date.

The applicant is requested to provide clarification on any of the information or documents submitted, or in the event of any discrepancy therein, or if the applicant fails to meet the general conditions and requirements of premium residency permit applications or special conditions and requirements for applying for the specific residency product.

The applicant will receive notification of the rejection decision through any of the contact means provided in his/her electronic account.

3.Application approval

After the Center verifies the applicant has met all the conditions and requirements for obtaining the specific residency product and approves the application, the applicant will receive notification of the approval decision through any of the contact means provided in his/her electronic account. Within thirty (30) days of receiving the notification of approval, the applicant is obligated to:

• Pay the residency product fee. It should be noted that there are differences in the fee for each residency product.
• Provide a medical insurance policy for him/herself and his/her family members in accordance with the Cooperative Health Insurance Law and its Implementing Regulations.

Once all the requirements are met, premium residency permit cards will be issued and delivered to the holder and his/her family members.

Aspects Premium Residency holder should be familiar with

After obtaining the Premium Residency, you have to be familiar with some aspects.

Cultural and Social Life

Saudi Arabia boasts a unique blend of traditional and modern lifestyles. As a premium resident, you will have the opportunity to experience:

• Cultural Heritage: Visit historical sites such as Al-Ula, Diriyah, and Madain Saleh to explore the Kingdom's rich history.
• Festivals and Events: Participate in events like the Riyadh Season, Jeddah Season, and the festivals arranged by General Entertainment Authority and Ministry of Culture, which showcase Saudi Arabia's cultural diversity and modern entertainment.
• Social Etiquette: Understanding and respecting local customs and traditions is crucial. Saudis value hospitality, and social gatherings often centre around family and friends. 

Daily Life and Amenities

The standard of living in Saudi Arabia is high and includes many amenities:

• Housing:  As Premium Residency holder, you can own property, including apartments and villas, in various parts of the country. Popular residential areas include Riyadh, Jeddah, and the Eastern Province.
• Healthcare:  The Ministry of Health is considered the main entity in Saudi Arabia that looks after the health needs of Saudi citizens. Also, Saudi Arabia is known for its excellent healthcare services, with many hospitals and clinics offering top-notch medical care. Saudi Arabia has a variety of hospitals, both public and private. In 2022, there were 497 hospitals in the Kingdom of Saudi Arabia.
• Education: Premium Residency holder have access to a variety of international schools, universities, and educational institutions catering to diverse curricula.

Work and Business Environment

Saudi Arabia is transforming into a business hub, presenting numerous opportunities:

• Business Ownership: Premium Residency allows you to own and operate businesses independently, providing a gateway to the Kingdom's burgeoning markets.
• Employment Opportunities: With Vision 2030, sectors like tourism, entertainment, and technology are expanding rapidly, creating job opportunities for expatriates.
• Networking: Join business councils, chambers of commerce, and professional associations to build valuable connections and stay informed about industry trends.

Lifestyle and Leisure

 In Saudi Arabia, a fulfilling life requires balancing work and leisure.

• Shopping and Dining: Explore modern shopping malls, traditional souks, and a wide array of dining options ranging from international cuisines to local Saudi dishes.
• Outdoor Activities: Take a trip to the scenic Asir Mountains and enjoy desert safaris, Red Sea diving, and other activities. Numerous recreational activities are available in the Kingdom's varied landscape.
• Sports and Fitness: In many Saudi cities, there are sports clubs and fitness centres that cater to different interests. Engage in or watch sports like football, golf, and Formula E racing.

Practical Tips for Premium Residency Holder

To ensure a smooth transition and a comfortable living experience in Saudi Arabia, the Premium Residency holder have to be familiar with:

• Legal Requirements: Familiarize yourself with local laws and regulations, including those related to residency, business operations, and driving.
• Language: The official language is Arabic, and English is widely spoken in business and expatriate communities.  You can enhance your experience by learning basic Arabic phrases.
• Financial Management: Open a local bank account for ease of transactions and familiarize yourself with the local currency, the Saudi Riyal (SAR). In Saudi Arabia, you will find number of both local and international banks. Banking and financial services are offered by these banks to both individuals and businesses. The banks in Saudi Arabia include: Saudi national bank (SNB), Al Rajhi Bank, Saudi British Bank (SABB), Riyadh Bank, Arab National Bank (ANB), Alinma Bank, Bank AlJazira, Bank AlBilad, and Saudi Investment Bank (SAIB).

Living in Saudi Arabia as a Premium Residency holder offers a unique and enriching experience, blending modernity with tradition. Saudi Arabia provides an attractive environment for expatriates seeking new opportunities and a high quality of life. Because of its evolving economy, rich cultural landscape, and strategic initiatives like Vision 2030. As Premium Residency holder, you can make the most of your time in Saudi Arabia. This can be done by understanding and embracing the local culture, leveraging business opportunities, and enjoying the diverse lifestyle options.

Are You Willing to be Premium Residency Holder?

If you're an investor eager to explore the dynamic Saudi market or an employer seeking advantageous opportunities for your workforce, the Saudi Premium Residency program is your gateway to countless possibilities.

Don't miss the chance to transform your professional landscape and establish a strong presence in Saudi Arabia.

Reach out to the TASC experts’ team today to begin your path to success. TASC Outsourcing has rich experience in all government procedures. Our dedicated expert team can support you throughout your journey for obtaining Premium Residency.