Setup in Saudi Arabia
Expedite your company’s formation and smoothly integrate into the Saudi market.
Saudi Arabia has become a thriving destination for entrepreneurs and businesses. While the country's economy has traditionally been driven by its vast reserves of natural resources like oil and fuel, it has expanded into various other sectors.
Key industries now include machinery, dairy products, and pharmaceuticals, which contribute to the nation’s growing and diverse economy.In addition to these industries, the Kingdom's business environment is supported by policies that attract both investments and new businesses.
Key Advantages
Here are the top five reasons why foreign companies, especially from the USA and Western Europe, should take advantage of the opportunities to set up a presence in Saudi Arabia:
Vision 2030 Opportunities
Saudi Arabia’s Vision 2030 focuses on diversifying the economy, opening up sectors like technology, healthcare, and infrastructure, creating vast opportunities for foreign companies to invest in non-oil industries.
100% Foreign Ownership and Profit Repatriation
The Kingdom allows 100% foreign ownership in most sectors, offering full repatriation of profits, dividends, and capital without restrictions.
Strategic Location for Trade
Positioned at the intersection of Europe, Asia, and Africa, Saudi Arabia offers easy access to regional and international markets, making it a prime hub for international trade
Favourable Tax Environment
With no personal income taxes and low corporate tax rates (as low as 20% for foreign companies), along with incentives in free economic zones, Saudi Arabia is a tax-friendly destination for businesses.
Young and Growing Consumer Market
Saudi Arabia has a rapidly growing, young population, which drives demand for new products and services, offering foreign companies a dynamic consumer base to cater to.
