Calculating Zakat

It is common for companies to lose track of calculating Zakat as they grow and expand. Zakat is an Islamic form of charity and is one of the five main pillars of Islam. It applies to all types of wealth, from farming and crafting to major stocks, which means Saudi companies must abide by it and make it part of their financial equation every year. 

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Guide to Importing in Saudi Arabia 2019

Saudi Arabia imports are a growing industry that attracts foreign investors to the Kingdom. In 2017, Saudi Arabia imported $96.2 billion worth of goods into the Kingdom with a positive trade balance of $74.2 billion. Due to gaps in the market, there are many opportunities for importers in the Kingdom, such as the lack of manufacturing plants means products such as machinery and pharmaceuticals are largely imported. Saudi is also the largest importer of food and agricultural products in the Gulf Cooperation Council (GCC). The list of products imported in the Kingdom is long and is opportune for those looking to enter the market. 

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Compliance: Tourist visa vs Business visa

Compliance is an important part of business in Saudi Arabia; from company set up to payroll to visas. When businesses move or individuals visit the Kingdom, there are legal requirements that must be followed when acquiring a visa. Visa compliance encompasses choosing the right visa for your purpose of visit, ensuring you follow the restrictions on your visa during your visit, making sure your duration of stay and number of entries into the Kingdom are according to your issued visa.

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