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
UPDATE (2019): Companies with a minimum of 10 employees are now subject to WPS guidelines. Contents Introduction Companies subject to WPS Rules and regulations Process and procedures Relationship between GOSI 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
For foreign investors looking to expand into Saudi Arabia there are an increasing number of opportunities in the Kingdom. However, with expanding into a new market come new challenges in Read More
In line with the Vision 2030, the Saudi Arabian government has opened up many opportunities for foreign investors to invest in the Kingdom. Saudi Arabia is the largest economy in Read More
The Saudi Arabian General Investment Authority (SAGIA) has announced the release of their new instant renewal service. This service allows investors to issue a renewed license instantly. The service: Doesn’t Read More
Saudi Arabia is the largest economy in the Middle East, and with the government increasing spending in the private sector, it is an ideal time for companies from the US Read More
The Council of Ministers has announced that foreign engineering services and consultancy companies will now be able to enter the Kingdom without a Saudi partner. Previously, engineering companies were only Read More
Saudi Arabia’s Public Transport Authority (PTA) has announced they are seeking a long-term partnership with an international private rail service company and local private investment entities. The partnership will support Read More
The Saudi Vision 2030 and the National Transformation Program (NTP) have opened up large numbers of foreign investment opportunities for UK companies. Saudi Arabia is welcoming foreign investment to the Read More
The Saudi Arabian General Investment Authority (SAGIA) have introduced an extension on the renewed licenses to five years. This service is available to all entities that are licensed by SAGIA Read More
For an expatriate or a visitor of Saudi Arabia, there are many words and phrases that you will hear that you may be unfamiliar with. These are common words used Read More
The Kingdom of Saudi Arabia has one of the fastest growing economies in the GCC, making it an enticingly sustainable market for foreign investment. There are some key factors to Read More
