With globalisation and the ever increasing integration of markets, it’s expected that companies are expanding internationally, now, more than ever. The development of technology, improved transportation and the mature internet Read More
The Fiscal Balance Program, launched in December 2016, for 2017 to 2020 is another government initiative for Vision 2030 and aims to sustain the status of public finances and achieve Read More
Introduction The General Organization for Social Insurance (GOSI) is a semi-governmental body that exercises administrative and financial independence. The Social Insurance Scheme is a part of social cooperation and solidarity Read More
Relocating comes with many questions that are sometimes hard to find answers to. Saudi Arabia is a common destination for many expatriates but there is often culture shock and many Read More
What is a commercial agency? A commercial agency allows companies to expand into Saudi Arabia without a physical presence in the Kingdom. A commercial agent will give you access to Read More
Saudi Arabia is a prime market for many foreign investors looking to export into the Middle East. Saudi Arabia accounts for 25% of the Arab world’s gross domestic product (GDP). Read More
Entrepreneurship in Saudi Arabia has reached an all-time high, especially with the introduction of the entrepreneurship license. Thus, making it easier for foreigners to open startups in the Kingdom. The Read More
As more and more companies look to the UAE as their first foray into the Middle East and emirates look to make themselves more attractive to outside investment, the number Read More
The Saudi Arabian public and private sectors are currently transforming, aligned with the Vision 2030 objective to increase the private sector GDP contribution from 40 to 65 percent. Congruently, the Read More
Saudi Arabia, a country known for their oil-based economy and conservative views, is transforming into a modern and innovative country. The reforms reshaping their economy and society are a result Read More
Saudi Arabia’s foreign investment market substantially improved in 2005 when they became a member of the World Trade Organization (WTO). This strategic decision granted them better opportunities for trade partnerships Read More
Contents Introduction Companies subject to WPS Rules and regulations Process and procedures Relationship between GOSI and MOL Benefits of WPS Importance of managing WPS The Wage Protection System – An Read More
The Kingdom continues to push forward with its economy diversification The Saudi government has approved a bankruptcy law that will make investing into the Kingdom more appealing to foreign investors. Read More
The taxation system in Saudi Arabia has commonly been misconceived as a low tax area and even believed to be non-existent tax area. However, managing tax in Saudi Arabia can Read More
The Saudi Arabia General Investment Authority (SAGIA) have launched their digital license service where investment licenses will be directly sent to the company’s registered email in electronic format. The electronic Read More
The Saudi General Investment Authority (SAGIA) has reduced the processing time for issuing investment licenses from two days and five hours (53 hours) to 3 hours and 59 minutes. This Read More
Saudi Arabia’s Finance Minister announced there would be an increase in Saudi’s spending in 2018, $261 billion (SAR 978 billion), a 5.6% increase from 2017’s SAR 926 billion. The budget Read More
How shared services can grow your business in Saudi Arabia. The shared services business model allows companies to centralize business functions that are used across multiple locations into one central Read More
Common misconceptions of starting a business in Saudi Arabia For foreign investors looking to enter the Saudi Arabia market, there are many misconceptions associated with starting a business in Saudi Read More
Proven, in partnership with DMCC, conducted the Connecting Markets Seminar focused on doing business in Saudi Arabia. The event gave an insight into business in Saudi Arabia including: Company set Read More
