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How to Open a Company in Saudi Arabia

Are you an ambitious company looking to expand your business into a vibrant and thriving market like Saudi Arabia? By opening a satellite branch in Saudi, you would have made the correct business decision as the Kingdom offers excellent growth opportunities.

Accounting Nationalization: Welcome move to achieve long-term benefits

Following the footsteps of the retail and engineering professions, the Ministry of Human Resources and Social Development in Saudi Arabia has implemented 30% localization of the accounting profession in line with Vision 2030, which came into effect on 12 June 2021. The Nationalization Scheme, or Nitaqat, is a policy adopted by the Ministry of Labour that requires Saudi enterprises to hire local people on a quota basis. The government aims to create more than 9,800 jobs in the private sector by localizing jobs in this profession. This article will dive into details in the Saudization plan, how the government is facilitating it, and what needs to be done to achieve the goal.