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Saudi Arabia

Basic Facts

Saudi Arabia overview

| Kingdom of Saudi Arabia (KSA) | GCC (Gulf Cooperation Council) member country | Saudi riyal (SAR) currency | The world’s largest oil exporter | Competitive tax system | Double taxation agreements with more than 50 countries | Business friendly environment | Advanced infrastructure | Arabic and English speaking

Top 3

Reasons For Doing Business In Saudi Arabia

No Personal Income tax

Mix of corporate income tax and zakat regarding Corporate income (Zakat is a mandatory charitable contribution in Islam, considered one of the Five Pillars of Islam)

Special Economic Zones and Economic cities with tax exemptions and incentives

More advantages​

  • In principle, non-Saudi investors are liable for income tax (20%), Saudi and GCC countries investors are subject to Zakat, an Islamic assessment,
  • Special Integrated Logistics Zone (ILBZ) in Riyadh is a special economic zone with 0% corporate income tax for ILBZ entities, with exemptions from withholding tax on certain payments to non-residents, for up to 50 years,
  • Several Economic Cities (ECs) with considerable incentives, 
  • No controlled foreign company CFC rules,
  • No thin capitalisation rules,
  • No property taxes, except for White Land Tax for unexploited or undeveloped land,
  • No inheritance tax, no gift tax, 
  • No wealth tax.

Company Formation In Saudi Arabia

Are you interested to start business or export to Saudi Arabia? 

Do you want to establish a company in Saudi Arabia? Then to administer it?

Do you need a reliable lawyer or / and an accountant in Saudi Arabia? 

Do you want to structure your international business in a correct way?

You do not know yet what do you actually need?

We are ready to help you find the right answers and workable solutions for you.

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Related articles

New e-visit visa in Saudi Arabia

11. June 2023

Saudi Arabia has introduced a new electronic business visit visa called “visiting investor” to specifically facilitate the travel of investors seeking investment opportunities in the country.

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