If you want to open a crypto company in Saudi Arabia, you must first register a business and then apply for a special business permit. This is known as the crypto license in Saudi Arabia. Below, our agents for opening a company in Saudi Arabia explain the procedure of setting…
Until recently, the Saudi General Authority of Zakat and Tax (GAZT) required non-resident taxpayers to choose a local fiscal representative for VAT filing purposes. The decision was rescinded a year after the introduction of the value added tax. However, such entities must appoint a local accountant to keep accounting records…
Foreign companies can use several legal forms to operate in Saudi Arabia, among which the branch and subsidiary. However, when first choosing to test the market or having a local contact point, the Saudi liaison or representative office is a better temporary option. This is also known as a technical…
Setting up a company in Saudi Arabia means complying with specific requirements and regulations, especially as a foreign investor. This is why the simplest option is to acquire a company that is already registered and through which operations can be started sooner rather than later. Known as shelf companies, such entities can be found…
Foreign citizens who enter Saudi Arabia for various purposes need to obtain a visa if they want to stay here for short periods of time. Those who want to live here longer must obtain a residence permit in Saudi Arabia. Also known as the Saudi iqama, this document grants a foreign citizen various…
When looking for a country to do business or work in, the taxation system is one of the most important aspects foreigners consider. From this point of view, Saudi Arabia has all the necessary “ingredients’’ to attract investors and qualified employees at the same time. In Saudi Arabia, the tax system does not imply any…
One of the most important aspects of operating a business is accounting as there are specific regulations that need to be respected. Our accountants in Saudi Arabia are at the service of those who need assistance in financial matters. Quick Facts Accounting services available - bookkeeping, - financial statement preparation and…
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 consultants for setting up a company in Saudi Arabia analyze different aspects related to the company liquidation in this jurisdiction. Types of…
When a business buys another one, the second business generally becomes a subsidiary. Therefore, a subsidiary is a business that is owned and controlled by another company. The owning company is named a parent or a holding company. In this article, our agents for setting up a company in Saudi Arabia explain different aspects related…
Foreign investors interested in how to open a company in Saudi Arabia will first need to decide on one of the business forms provided under the local legislation. The manner in which companies are registered and operated in Saudi Arabia is established under the New Companies Regulations, a legal act that became applicable starting with the 2nd of May…
