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Why Invest in Saudi Arabia?

Saudi Arabia is one of the largest G20 countries and was rated 1st in Confidence in the performance of its government in 2021. Its Government Budget for the year 2021 was $264BN and its Total Reserve Assets in August of the same year was almost $455BN.

With the announcing of Vision 2030, a comprehensive plan aimed at growing and diversifying KSA’s economy, Saudi Arabia is aiming to become the region’s hub for investments through the application of a series of reforms and initiatives.

The Kingdom’s Vision 2030 includes plans to shift from its economic dependency on oil by investing in infrastructures supporting this economic diversification into manufacturing, technology, and mining.

Saudi Arabia boasts the largest economy in the Middle East despite the recent challenges in the oil market. The kingdom has significantly improved its ranking on a recent World Bank’s Ease of Doing Business report by jumping 30 places. This continued growth distinguishes Saudi Arabia as a key player, not only in the region but also globally.

Furthermore and in order to attract foreign investment, Saudi Arabia has recently announced the establishment of new Special Integrated Logistics Zones (“ILBZ”). Entities established and carrying out approved activities inside ILBZ will be exempt from Saudi corporate income tax for fifty years. Furthermore, goods located inside ILBZ will be free of custom duties and VAT.

Additionally, the Saudi Ministry of Human Resources and Social Development has launched an initiative to replace the sponsorship system (Kafala) and in doing so, allow more freedom of movement between employers.


How to do Business in
Saudi Arabia?

Doing business in Saudi Arabia has never been easier, thanks to the recent reforms that have reduced red tape, bureaucracy, and streamlined the clearance process to speed up investment realization.

The Ministry of Investment (MISA) is a “one-stop-shop” for companies interested in investing in Saudi Arabia. Simply click here to start your journey.

Journey Stages

1. Issuance of Investment License
a. The Company’s commercial registration certified by the Saudi Embassy.
b. The previous year’s financial statements certified by the Saudi Embassy.

2. Documentation of Memorandum of Association
a. Branches of foreign companies must submit a decision to open the branch in the Kingdom to complete the issuance of the Commercial Register.

3. Issuance of commercial Registration

a. Commercial registration of the parent company
b. Decision of the Board of directors for opening a branch (branches of foreign companies only)
c. Memorandum of Association (for new companies)
d. Appointing the general director
e. Proof of the owners and general director’s ID

4. Open Files

a. Obtaining a file of the General Authority of Zakat and Tax
b. Obtaining a file of Saudi Ministry of Labor and Social Development
c. Obtaining a file of the General Organization for Social Insurance

5. Issuance of General Director’s Visa


a. A letter of appointing the general director
b. Proof of the general director’s ID


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