Navigating Marriage Laws in Saudi Arabia for Foreigners
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. Overview of Saudi Marriage Laws Marriage regulations in Saudi Arabia are mainly grounded in Islamic Sharia […]
Construction in KSA
The Kingdom of Saudi Arabia (KSA) boasts a thriving construction sector, but navigating its legal landscape can be tricky. Unlike some countries, KSA does not have a construction law; instead, KSA utilizes a diverse collection of legal enactments to administer the construction industry. These legal enactments are: Key Regulatory Bodies in the KSA Construction Industry […]
Ownership by Foreigners in KSA
The Law of Real Estate Ownership and Investment by Non-Saudis promulgated by Royal Decree No. 15 issued on 17/04/1421 AH, is a milestone in the progress of economic openness in the Kingdom of Saudi Arabia. The Law aims to attract foreign investments, promote economic development, and provide job opportunities; and regulates the conditions stipulated for […]
Saudi Foreign Investment Law
The Kingdom of Saudi Arabia: A Promising Investment Destination Driven by Vision 2030, Saudi Arabia aims to be a leading investment destination, with foreign investment representing 15% of its investment strategy. The Ministry of Investment has amended the Saudi Foreign Investment Law and its executive regulations to support this goal. Objectives of the New Investment […]
Investment Treaty Planning KSA
Effective planning and protection of investment projects are vital for successful business endeavors, especially in the Kingdom of Saudi Arabia (KSA). Investment treaties play a crucial role in this context, as they help to protect and facilitate international investments. As one of the Middle East’s fastest-growing economies, Saudi Arabia presents a vibrant landscape for investors, […]
Legal Risks to Business Owners in KSA
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 […]
Industrial Licenses In KSA
The Kingdom of Saudi Arabia (KSA) offers significant investment opportunities, particularly in the industrial sector, which is a cornerstone of its national economy. Aligned with Vision 2030, the Kingdom continues to improve legislation and regulations to foster industrial growth and sustainability. This article outlines the types of industrial licenses, application procedures, and associated fees for […]
Zakat Collection Law in KSA
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 Arabia CISG Adoption: Impact on Businesses
Introduction In August 2023, Saudi Arabia took a significant step towards modernizing its commercial law by adopting the United Nations Convention on Contracts for the International Sale of Goods (CISG). This Saudi Arabia CISG adoption is aimed at governing cross-border sales of goods and creating a uniform legal framework enhancing predictability and reducing uncertainty for […]
Managing the Value Chain under IFRS Standards
In today’s corporate landscape, sustainability is increasingly central to a company’s impact and success. The International Financial Reporting Standards (IFRS) S1 and S2 underscore the importance of comprehending and managing the value chain to bolster transparency, accountability, and sustainable performance. Understanding the Value Chain under IFRS S1 and S2 IFRS S1 mandates that companies offer […]
