The Saudi Premium Residency program, also referred to as the Saudi Green Card, enables skilled professionals, entrepreneurs, and investors to live, work, and own businesses or property in Saudi Arabia. It is designed to appeal to skilled professionals, entrepreneurs, talents, and investors who want to reside in Saudi Arabia and aims to promote economic growth and cultural exchange and is targeted at exceptional professionals who can contribute to the development of local capabilities and the exchange of knowledge. The Premium Residency program was launched in 2019 as a way of growing and diversifying the Saudi economy beyond oil and promoting economic growth and cultural exchange. The green card Saudi Arabia, or KSA green card, was introduced as part of Saudi Arabia’s Vision 2030 reform plan to open the country up to global talent and investment. It aims to enhance the country’s competitiveness in attracting premium foreign talent and investment. The Saudi Premium Residency scheme aims to increase the economic, social, and cultural diversity of Saudi Arabia.