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.

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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. 

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KSA Tourist Visa Guide: Everything you need to know

Saudi Arabia has opened its borders to the outside world with the newly introduced tourist visa. Saudi Arabia offers visitors a chance to discover and experience warm hospitality, a rich culture, a diverse heritage, and breathtaking landscape views. The government plans to expand the tourist market beyond religious pilgrims to diversify the Saudi economy beyond oil revenues.

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Everything you need to know about MOMRA

The Ministry of Municipal and Rural Affairs (MOMRA) was incepted in 1975 to implement provisions for the infrastructural development of the Kingdom of Saudi Arabia (KSA). An integral part of the government of Saudi Arabia, MOMRA is responsible for the construction of roads and providing essential equipment, rural development, beautification of cities, as well as ensuring that health and cleanliness standards are maintained across the region. The ultimate aim of MOMRA is to attain urban sustainability and offer top-class municipality services across all of the regions in KSA.  

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The 2021 Guide to Doing Business in Saudi Arabia

Foreign investors interested in pursuing the lively business culture of Saudi Arabia often find the initial steps challenging. From language barriers, cultural differences and technical requirements, Saudi market entry is a fine process.  In collaboration with the Proven Operations team, the Content Team at Proven has put together a detailed guide featuring everything you need to know about Saudi Arabia market entry, entity incorporation, labor market and legal.

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