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Saudi Premium Residency – The Saudi Green Card

Saudi Premium Residency – The Saudi Green Card

Introduction

The Saudi Premium Residency Program, also known as the Saudi Green Card, was launched in 2019 as a key initiative under Saudi Vision 2030 to diversify the Kingdom’s economy and strengthen its position as a global investment hub.

This program grants qualified investors, entrepreneurs, highly skilled professionals, and exceptional talents the ability to live, work, own real estate, and operate businesses in Saudi Arabia with unprecedented rights and privileges.

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Program Objectives

The Saudi Premium Residency aims to:
• Attract foreign direct investment (FDI) and enhance the Kingdom’s business environment.
• Bring in world-class talent and highly skilled professionals.
• Support the Kingdom’s economic, social, and cultural transformation.
• Enable long-term economic contribution from global residents.

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Premium Residency Categories

The program offers several products tailored to different profiles:
1. Exceptional Competence Residency – For executive leaders and professionals in healthcare, science, and research.
2. Talented Individuals Residency – For distinguished achievers in cultural, artistic, and sports fields.
3. Investor Residency – For licensed investors with a minimum capital of SAR 7 million.
4. Entrepreneur Residency – For founders and innovators establishing or expanding startups in Saudi Arabia.
5. Property Owner Residency – For foreign owners of residential, commercial, or industrial property valued at SAR 4 million or more.
6. Fixed-Term Premium Residency – Annual renewable residency.
7. Unlimited Premium Residency – Permanent residency with no expiry.

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Key Benefits

Premium Residency holders enjoy a wide range of advantages, including:
• Full ownership of residential, commercial, and industrial properties across Saudi Arabia, with a 99-year usufruct right in the holy cities of Makkah and Madinah (Property ownership in Makkah and Property ownership in Madinah) under official regulations.
• Freedom to establish and manage businesses without a Saudi sponsor.
• Unlimited entry and exit from the Kingdom without a visa.
• Family residency privileges, covering spouse, dependent children, and parents.
• Access to investment opportunities in the Saudi capital market.
• Eligibility to apply for permanent residency subject to specific conditions.

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Eligibility Criteria

Applicants must meet general requirements, as well as specific criteria depending on the chosen residency product.

General requirements include:
• Minimum age of 21 years.
• Clean criminal record with no serious offenses.
• Proof of financial solvency and ability to support oneself.
• Medical report confirming good health and absence of infectious diseases.
• Valid passport.

Note: Certain categories, such as Investor Residency, Entrepreneur Residency, or Exceptional Competence Residency, have additional requirements related to investment value, professional qualifications, or work experience. These will be assessed during your case evaluation with Ibana Legal to ensure the most suitable option is selected.

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Our 5-Step Application Process at Ibana Legal

At Ibana Legal, we go beyond application processing — we act as your strategic advisor, guiding you to the most cost-effective and beneficial Premium Residency option while ensuring full compliance with Saudi investment, real estate, and financial regulations.

Here’s how we work:
1. Initial Consultation
A detailed review of your profile to determine the optimal residency category:
• Free of charge if you proceed with Ibana Legal.
• Fixed consultation fee if you decide not to proceed.
2. Client Case Analysis
We analyze your current and planned investments, government fee implications, and property acquisition strategies.
Our expertise includes legal solutions for fund entry and transfers into Saudi Arabia, ensuring secure and compliant transactions — a critical concern for any global investor.
3. Document Preparation
Complete handling of all document reviews, certified translations, and attestations to meet official requirements.
4. Official Submission & Follow-Up
We file your application via the official Premium Residency Platform and liaise with relevant government bodies to expedite approvals.
5. Finalization & Residency Issuance
Guidance on official fee payments, followed by end-to-end tracking until your Premium Residency Card is issued and ready for use.

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Program Fees
• Fixed-Term Premium Residency: SAR 100,000 per year (with a 2% renewal discount).
• Unlimited Premium Residency (Permanent): SAR 800,000 one-time payment.
• Other categories: starting from SAR 4,000.

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Why Choose Ibana Legal?
• Specialized legal expertise in Saudi residency, investment, and real estate regulations.
• End-to-end case management from application to approval.
• Strategic investment and financial advisory for optimal returns.
• Comprehensive legal solutions for secure and compliant fund transfers into Saudi Arabia.
• Certified translation and document attestation services.
• Proven track record: Over 200 successful Premium Residency cases for clients worldwide, making us the trusted partner for investors seeking to live, work, and own property in Saudi Arabia — including Property ownership in Makkah and Property ownership in Madinah.

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📞 Contact Ibana Legal today to explore the Saudi Premium Residency Program and secure your opportunity to invest, live, and own property in the Kingdom.