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…
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…
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. Regulations for company liquidation in…
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…
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 company formation agents in Saudi Arabia explain different aspects related to opening a subsidiary…
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…
