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The Premium Iqama or Premium Residency in Saudi Arabia is a residence permit issued by the Saudi government to expatriates who wish to reside in Saudi while enjoying many of the same privileges enjoyed by Saudi nationals. Authorized by Royal decree and Council of Ministers’ approval, It gives expatriates the right to own property and vehicles and invest capital in Saudi without sponsorship.
This program positions Saudi Arabia as a prominent investment destination, offering not only business-friendly regulations but also enticing advantages for residents. With Premium Residency, cardholders can enjoy the privilege of residing in the country without being subject to dependent fees, making it a compelling incentive for foreign nationals to actively participate, invest, and contribute to the Saudi economy.
Premium Iqama holders can own real estate, vehicles, and assets in Saudi Arabia, enabling them to build long-term investments and financial security.
Expatriates can invest capital and run businesses without the need for a Saudi sponsor, positioning Saudi Arabia as a leading investment hub.
Unlike standard residency permits, Premium Iqama holders are exempt from dependent fees, making it a cost-effective solution for families.