Saudi Arabia holds exciting potential and opportunities for investors. A G20 economy with a young, highly educated population of over 34 million inhabitants. It also boasts a strategic location at the heart of major trade routes crossing three continents and bountiful natural resources. As part of Vision 2030, a wide range of economic reforms has succeeded in creating new business opportunities, leveraging Saudi Arabia’s key strategic assets, and driving economic growth and diversification.
Saudi Arabia’s socio-economic transformation under Vision 2030 is unleashing exceptional growth across several promising sectors, providing investors with a wealth of untapped opportunities for business growth and success. Explore the data, trends, and value propositions of the Kingdom’s thriving sectors.
Under Saudi law, companies with non-Saudi (foreign) shareholders must obtain a foreign investment permit in order to conduct business. However, the Foreign Investment Law does not limit the amount of investment in Saudi companies.
In fact, the investor’s journey is divided into two stages:
The first stage: before the establishment of the foreign company, and eventually obtaining a CR, Investments in Saudi companies from outside Saudi Arabia must comply with Saudi law, including the Foreign Investment Law (Foreign Investment Regulation under Royal Decree M/1 of 10 April 2000 and Royal Decree 7/6/1423 of 16 August 2002) [We call the services provided at this stage Foreign Investment Services]
The second stage: after the establishment of the foreign company, and in this case, it will be the same as the Saudi companies, with the exception of some matters related to income tax and others [We call the services provided at this stage Commercial Services, but this article does not include it].
In any case, the investor faces more challenges during the establishment of the company, and therefore Alburhan designed three services for the investor: