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The permanent residency is granted for SAR 800,000 (US$213,000 as of 2022) while the one-year renewable residency costs SAR 100,000 ($26,660). [ 4 ] [ 5 ] Premium Residency is separate from the current iqama residency because it grants more of the rights and privileges given to permanent residents in other countries.
In 2019, Saudi Arabia has introduced a new scheme known as the Premium Residency (informally Saudi Green Card) which grants expats the right to live, work and own business and property in the Kingdom without need for a sponsor. [33] The unlimited duration premium residency is granted for $213,000 while the limited residency costs $26,660 per year.
A residence permit [1] [2] [3] (less commonly residency permit) is a document or card required in some regions, allowing a foreign national to reside in a country for a fixed or indefinite length of time. These may be permits for temporary residency, or permanent residency. The exact rules vary between regions.
Premium Residency, a Saudi residence permit; Premium station, a class of railway stations on Metlink in Melbourne; Premium television, a class of subscription-based television service; Premium texting, SMS used for delivering digital content; Premium-rate telephone number, telephone numbers for which prices higher than normal are charged
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Permanent residency is a person's legal resident status in a country or territory of which such person is not a citizen but where they have the right to reside on a permanent basis. This is usually for a permanent period; a person with such legal status is known as a permanent resident.
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