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Company Set Up in Saudi

  • The Kingdom of Saudi Arabia (“KSA”) is the largest Arab state and was founded in 1932.
  • KSA has a total population of 28.7 million, of which 20 million are KSA nationals and circa 8 million are foreigners.
  • KSA possesses approximately 20% of the world’s proven petroleum reserves. It ranks as the largest exporter of petroleum and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP and 90% of export earnings.
  • The government continues to pursue economic reform, diversification and promoting foreign investment, particularly since KSA’s accession to the World Trade Organization (“WTO”) in December 2005.
  • The currency of KSA is the Saudi Arabian Riyal (SAR).
  • In general, KSA Companies Law generally allows for eight forms of business entity structures on vows Bizgate vows to help you are as follows:
  • General Partnerships
  • Limited partnerships
  • Joint Ventures
  • Corporations
  • Partnerships Limited by Shares
  • Limited Liability Partnerships (LLCs)
  • Variable Capital Companies
  • Cooperative Companies (Joint Stock Company)

Foreign investors can operate in KSA through the following structures:

  • Commercial agencies
  • Limited liability companies
  • Joint stock companies
  • Foreign office branch
  • Technical and scientific offices (Representative Offices)

Bizgate can also provide assistance on middle east tax & Legal Practice with the following areas:

  • Indirect taxation (VAT and customs) and fiscal reform
  • International taxation
  • Global mobility and Human Resource Services
  • Legal
  • Mergers and Acquisitions
  • Services for U.S. citizens and Green Card holders
  • Tax and Zakat advisory
  • Tax compliance, management and accounting services
  • Transfer pricing

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