The Saudi joint stock company or public limited liability company is a business form that favors large business operations, as it allows multiple shareholders to own shares in it. Two types of such entities can be set up in this country, and our Saudi company formation specialists will explain the requirements and…
Setting up a company in Saudi Arabia also requires obtaining a business license if the enterprise is foreign-owned. The permit may be a general one or issued by a specific authority when the business operates in a certain field. Below, our Saudi company formation agents present the main types of…
Taxation in Saudi Arabia is quite unique, as various changes have been introduced. Among these, the value added tax is one of the most important. However, it is important to note that the government does not impose any tax income. This simplified the payroll system in Saudi Arabia quite a…
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…
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…
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 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…
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…
