The Saudi General Authority of Zakat and Tax (GAZT) has eliminated the requirement for non-resident companies 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 The decision was rescinded a year after the introduction of the value added tax.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, the appointment of such an agent remains an option…
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 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…
The branch office in Saudi Arabia is incorporated following the regulations prescribed by the Foreign Investment Law. A foreign company applying to register a branch office in this country may receive the right to do so only for specific activities, as the branch office is prohibited for certain operations, such as trading activities. Investors interested in how to open a…
When setting up a company in Saudi Arabia, foreign investors have several options related to the company’s office. They may set up a regular office, by renting a commercial space and hiring employees to work in the respective premises, or they can purchase a virtual office package, which is a recommended option for businessmen…
Contact us for more details about the services offered by our specialists in company formation in Saudi Arabia. Phone: +974 6691 4318E-mail: office(at)companyformationsaudiarabia.com. Replace (at) with @ – We do this to avoid spam. For any type of partnerships please contact us at partnership(at)clientpedia.com.Main office address: Riyadh, Saudi ArabiaTo contact us please fill out the form…
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…
