Saudi Arabia overview
Basic Facts
- 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
Reasons for doing business in Saudi Arabia
TOP 3
01
No Personal Income tax02
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)03
Special Economic Zones and Economic cities with tax exemptions and incentivesMore 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 (SILBZ) 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.
Contact Us
All inquiries are strictly confidential. Required fields are marked *
