Doing business in Saudi Arabia 
Guide 2019

 

Saudi Arabia is the world’s largest oil producer and exporter and controls the world’s second largest hydrocarbon reserve. It’s the only Arab country to be a part of the G20 countries, the Organization of Islamic Cooperation and OPEC. The country’s global standing has created substantial business opportunities and has become a preferred destination for many foreign investors. 

The government eased entry requirements for foreign investors and established the Saudi Arabian General Investment Authority (SAGIA) to assist businesses. SAGIA help businesses with the approval process for operating in KSA, obtaining a license, labour visas and other related items all under one umbrella. 

Basics

Region: Middle East & North Africa 

Income Category: High income 

Population: 32,938,213 

Capital City: Riyadh 

Ease of doing business: 63.5/100

Business culture in Saudi Arabia

Business culture in Saudi Arabia has an approach that’s focused on building relationships rather than getting straight to business. Meetings are usually lengthier and include social time to get to know the people you are working with. They may even start later than scheduled and run overtime too. When greeting people, Saudis will take time to shake each person’s hand while standing, and sometimes a kiss on the cheek will also be exchanged before sitting down. However, men and women do not shake hands or greet each other in public. 

Business visa in Saudi Arabia

Visiting Saudi Arabia requires the correct visa to remain compliant. If you’re visiting for business purposes, you can choose between the business visit visa and the commercial visit visa. If you are permanently relocating, then you’ll need a work visa and iqama.

  • Business visit visa: this visa is for those who wish to visit the Kingdom to work on a temporary basis. This doesn’t allow you to live in the Kingdom or open a bank account.
  • Commercial visit visa: this visa is for those that are visiting the Kingdom for a meeting, a conference or other business purpose. It doesn’t allow you to work in the Kingdom

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KSA

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7586 King Fahd road, Riyadh
Phone: +966 11 411 1127

UAE

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Phone: +971 44 508 208

Canada

1 Yonge Street, Suite 1801
Toronto, Ontario
Tel. +1 416 214 6888

Kuwait

Osama Building, Office 2,
AL-Qibla Block 11,
Fahed AL- Salem Street

India

No.500 Hegde Nagar Main road, Dr. shivarama karanth Nagar,
Bangalore 560077.
Phone: +91 804 394 4873

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

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