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…
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…
The procedure on how to open a company in Saudi Arabia is more complicated, but with proper assistance provided by our team of specialists in company formation any foreigner can set up a business here, provided that all the requirements are met. To register a company in Saudi Arabia can be different depending on the gender of the applicant as…
The procedure on company formation in Saudi Arabia can last several weeks, being very similar to the procedure available in other countries. The country can become an ideal location for foreign businesses, as the local institutions, through the Saudi Arabian General Investment Authority, have created a legislative framework that accommodates the needs of…