Establishing a Company in Saudi Arabia for Foreign Investors
The Kingdom of Saudi Arabia (KSA) offers a vibrant landscape for foreign investors and entrepreneurs looking to establish businesses. With the implementation of Vision 2030, the Saudi government is actively fostering foreign investment and streamlining the process for company formation. This article provides an overview of the various legal entities available to foreign investors and outlines the steps required to establish a business in KSA.
Marriage Laws for Foreigners in Saudi Arabia
Marriage laws in Saudi Arabia are grounded in Islamic tradition and reflect the country’s distinct cultural values. For foreigners contemplating marriage in the kingdom, understanding these laws is vital, as they encompass specific requirements for both men and women.
Liquidation of Companies in the Kingdom of Saudi Arabia
The liquidation of companies is one of the significant legal processes aimed at formally and organizationally terminating the existence of a company. In the Kingdom of Saudi Arabia, the liquidation of companies is governed by the new Companies Law promulgated under Royal Decree No. (M/132) dated 01/12/1443 A.H., which outlines the rules and procedures necessary […]
Legal Risks to Business Owners in Saudi Arabia
The Kingdom of Saudi Arabia (KSA) offers immense opportunities for foreign businesses, thanks to its strategic location, abundant natural resources, and Vision 2030 initiative aimed at economic diversification. However, this dynamic environment also presents legal risks and challenges that business owners must address to operate successfully. Employment Law Compliance in Saudi Arabia One of the […]
Zakat Collection Law in Saudi Arabia
Introduction: Zakat, Tax, and the ZATCA The Zakat, Tax and Customs Authority (ZATCA) is the regulatory body responsible for tax collection and assessment in Saudi Arabia. This includes the collection of Zakat, a religious tax, as well as Value Added Tax (VAT). In cases of disputes between ZATCA and taxpayers, these issues are addressed by […]
Saudi Labor Law Amendments 2024
A Comprehensive Guide for Companies and Employees In 2024, Saudi Arabia implemented significant amendments to its Labor Law No. 51 of 1426H, reflecting a commitment to enhancing labor market flexibility and improving the work environment. These Saudi Labor Law Amendments, aligned with Vision 2030, aim to diversify the economy and improve the quality of life […]
Saudi Arabia CISG Adoption: Impact on Businesses
The United Nations Convention on Contracts for the International Sale of Goods (CISG) became part of Saudi Arabian commercial law in August 2023. The Saudi Arabian CISG adoption serves two purposes: first it establishes rules to govern sales of goods between countries while also building a uniform commercial framework which helps businesses increase trading predictability. […]
Financial Companies Control Regulations
Introduction The Financial Companies Regulations system of Saudi Arabia gains progressive importance in global finance operations. The Royal Decree No. M/51 which governs the sectors of finance companies in Saudi Arabia through the Finance Companies Control Law achieved full implementation on July 3, 2012. The purpose of this law is to create a sustainable financial […]
Resolving Maritime Disputes and Arbitration in Saudi Arabian Law
Maritime operations serve as a leading force for development toward Saudi Arabia’s national goals. With its strategic location between the Persian Gulf and the Red Sea, the Kingdom positions itself as a crucial trading hub. As the maritime industry continues to expand, effective mechanisms for resolving Maritime Disputes and Arbitration are essential to support its […]
Real Estate Regulations and Government Agencies in KSA
The Saudi Arabian real estate sector operates under complete government regulation through various authorities who establish essential regulatory rules that govern the industry. This paper delivers an extensive review of Saudi Arabia’s real estate regulatory system through discussions on principal governing organizations alongside essential compliance requirements that affect investors and developers and their professional teams working in this market.
