After setting up a business in Saudi Arabia, the shareholders and managers have various duties and responsibilities towards it. Some of these are related to respecting specific accounting and audit requirements in accordance with the legislation in place. For matters related to the taxation of companies, one can request specific services…
One of the most important aspects of operating a business is accounting as there are specific regulations that need to be respected and our accountants in Saudi Arabia are here to help. Starting a business in Saudi Arabia implies completing various steps and procedures before and after the company is incorporated. Moreover, not only…
In the last few years, startups have become some of the most popular types of businesses in the world, including in Saudi Arabia, which is one of the most developed states in the Middle East and where the procedure of starting a company resembles in many ways that in Western countries. Among the activities Saudi startups can develop,…
Even though there are parts of the Middle East and North Africa which have registered a certain degree of political turmoil since the beginning of 2011, Saudi Arabia has kept its stability and foreign entrepreneurs continue to consider it an attractive place to do business in. In this article, our company…
In this article, our company formation advisors in Saudi Arabia explain different aspects related to the share capital in Saudi Arabia. The total capital investment in Saudi Arabia necessary for a foreign investor to qualify for a Saudi Arabia General Investment Authority (SAGIA) license according to the Foreign Investment Law must not be smaller than:…
The Value Added Tax (VAT) in Saudi Arabia represents an indirect tax that is levied on all goods and services acquired and sold by a legal entity, with several exceptions. Since the 1st of January, 2018, Saudi Arabia has imposed this tax here. In this article, our company formation consultants in Saudi Arabia give a brief overview…
Saudi Arabia is the most developed free market economy in the Middle East and North Africa, accounting for 25% of the total Arab GDP. The country’s geographic location confers a rapid access to the export markets of Europe, Africa and Asia, which make it an attractive hub for foreign investors. As…
Company liquidations in Saudi Arabia are effectuated according to the Regulations for Companies and to the different circulars issued by the Ministry of Commerce and Industry in the country. In this article, our company formation consultants in Saudi Arabia analyze different aspects related to the company liquidation in this jurisdiction. Types of liquidation procedures in…
The banking trend in Saudi Arabia is still developing. Individuals who live here have begun keeping their savings in bank accounts, however, they still prefer to usually pay and receive cash. If you decide to move and open a company in Saudi Arabia or work here, opening a bank account can prove to be extremely…
The corporate tax rate in Saudi Arabia is set at 20%. The corporate tax rate in this country averaged 24.72% from 1999 to 2016, achieving an all time high of 45% in 1999 and an all time low of 20% in 2006. In this article, our company formation advisors in Saudi Arabia explain different aspects related…
