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The New Proposed Income Tax Law and the Zakat & Tax Procedures Law Published by ZATCA
- 17.11.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
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The Zakat, Tax, and Customs Authority (ZATCA) of Saudi Arabia has proposed updates to the Income Tax Law and Zakat & Tax Procedures Law, aiming to enhance tax regulation alignment with international standards, attract foreign investment, and stimulate domestic economic growth in accordance with Vision 2030.
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Unlocking Opportunities: Diriyah’s Transformative Journey
- 15.11.2023
- Posted by: Derya Bandak
- Categories: Legal, Saudi Arabia
The Diriyah Gate Development in Saudi Arabia, with a $10 billion investment unfolding in 2024, is set to transform Diriyah into a leading tourist destination, enhancing its UNESCO World Heritage status and boosting local and international business opportunities.
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Saudi Arabia Urges Companies to Relocate Regional HQs and Offers Incentives
- 14.11.2023
- Posted by: Omar Sami
- Categories: Legal, Saudi Arabia
Saudi Arabia is incentivizing foreign companies to establish their regional headquarters in the Kingdom by January 1st, 2024, with benefits such as a 10-year exemption from Saudization and lifted visa restrictions, to align with Crown Prince Mohammed bin Salman’s Vision 2030 initiative.
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Saudi Arabia Will Allow Foreign Law Firms to Consult on KSA Law
- 29.10.2023
- Posted by: Derya Bandak
- Categories: Legal, Saudi Arabia
The decree issued by the Council of Ministers in 2022 marks a significant shift in Saudi Arabia’s legal landscape, allowing foreign law firms to establish offices and provide consultancy on Saudi laws, thus fostering international collaboration and economic growth.
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Investing in the Kingdom: How Saudi Arabia’s New Policies Affect Your Business Strategy
- 02.10.2023
- Posted by: Uwe Hohmann
- Category: Saudi Arabia
Saudi Arabia’s aggressive policy reforms represent a golden era of investment opportunities in the Middle East. Businesses can capitalize on these by understanding the intricacies of these reforms and how to navigate them effectively.
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Saudi-German Alliance: An Opportunity for Business and Sustainability
- 25.09.2023
- Posted by: Derya Bandak
- Category: Saudi Arabia
The recent high-level dialogues between Saudi Arabia and Germany signify a strategic alliance that not only accelerates the achievement of Sustainable Development Goals but also creates an opportune moment for German businesses to expand into the Saudi market.
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A Transformative Geopolitical Shift – G20 Leaders Unveil Ambitious Infrastructure Project
- 22.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
In a bid to reshape global geopolitics and challenge China’s Belt and Road Initiative, G20 leaders unveiled a far-reaching infrastructure project, heralding new opportunities and enhanced connectivity from India to Europe, particularly benefiting businesses in the UAE.
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The Regional Headquarters (RHQ) in Saudi Arabia
- 20.09.2023
- Posted by: Omar Sami
- Categories: Company Setup, Saudi Arabia
As Saudi Arabia becomes a key hub for global business expansion, new regulations mandate foreign companies to establish a Regional Headquarters (RHQ) to operate effectively, with various benefits offered for compliance.
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BRICS Expansion: A Game-Changer for the UAE and KSA
- 18.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
The expansion of BRICS to include the UAE and KSA presents a transformative shift in global geopolitics, offering significant economic opportunities for these nations and attracting foreign investors.
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Saudi Crown Prince Launches The Master Plan for Logistics Centers
- 03.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia´s Vision 2030 – The transformative initiative aiming at reducing the country´s dependence on oil revenues and diversifying its economy.
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