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How Can Foreign Companies Benefit from Saudi Premium Residency?
The premium residency program, often referred to as the "Saudi Green Card," grants foreign nationals the right to live, work, own property, and start businesses without the need for a local sponsor.
Central to the Kingdom's economic transformation, the premium residency program is designed to attract professionals and foreign companies to invest in or set up businesses in Saudi Arabia.
On the other hand, the general Iqama is a standard residency permit for expatriates tied to employment in Saudi Arabia, requiring employer sponsorship. This article provides a comprehensive overview of obtaining a premium residency visa and its benefits for foreign companies.
By offering a clear pathway to residency and citizenship, the program incentivizes skilled individuals and businesses to establish a long-term presence in the Kingdom.
Inside Saudi Arabia's Premium Residency Program
A premium residency permit, is the key to unlocking business opportunities in Saudi Arabia, as it is a mandatory requirement for individuals intending to register a foreign entity in the country. It’s also the authorization that grants individuals the necessary permissions to operate within the Kingdom's economic framework
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