As per the law, people eligible for the card will include children of Qatari women married to foreigners, those who have special talents "needed by the state,, and others who have extended notable services to the country.
The executive regulations will be issued soon.
Cardholders will be able to avail benefits of state-run educational and health-care services. They will also be given priority, after locals, for military and civilian public jobs, QNA reported.
They also would be allowed to own property and to run certain commercial activities without a local partner.
Country's ruler, Sheikh Tamim bin
With this step, Qatar is giving expats more stake in the country.
The idea of giving expats permanent residency has been long thought after as Gulf countries want to bolster non-oil revenue after the plunge in crude prices.
Last year, Saudi Arabia's Crown Prince