Why Invest in Saudi Arabia?
Updated on Sunday 28th January 2018
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Saudi Arabia is the most developed free market economy in the Middle East and North Africa, accounting for 25% of the total Arab GDP. The country’s geographic location confers a rapid access to the export markets of Europe, Africa and Asia, which make it an attractive hub for foreign investors.
As follows, our company formation agents in Saudi Arabia present a few reasons why invest in Saudi Arabia.
1. Saudi Arabia has a friendly business environment
The business environment in Saudi Arabia mirrors the traditions of liberal, open market private enterprise policies.
The Foreign Investment Law in this country enables the 100% foreign ownership of projects and property.
The country has an astonishing history of political and economic stability and it has a modern world-class infrastructure.
Our company registration consultants in Saudi Arabia can assist you to open a business in this country.
2. Advantageous tax regime
There is not a multiple taxation system set in place here, which is an important reason why invest in Saudi Arabia. The exception to this are the profit taxes for foreign businesses which amount to 20%, enabling to carry over the losses of unlimited investments.
3. Duty-free access from Saudi Arabia
Saudi Arabia confers duty-free access to other GCC (Gulf Cooperation Council) and MENA (Middle Eastern and North Africa region) jurisdictions and it takes advantage of great transportation and infrastructure connections, which will soon be complemented by a national railway system.
4. It has the biggest oil reserve in the world
Saudi Arabia has the biggest oil reserve worldwide, owning around 26% of the world’s oil reserve. Our consultants can advise you on how to open a company in Saudi Arabia.
5. Larger developments in the real estate market in Saudi Arabia
In 2016, the Capital Market Authority adopted new regulations which allowed the creation of Real Estate Investment Traded Funds (REITs) on the Saudi Stock Exchange, in an attempt to open the real estate market to investments by more investors. Our Saudi Arabia company formation representatives can offer more details on this subject.
The introduction of these funds is considered to be a part of the implementation of the Saudi Vision 2030 and the National Transformation Plan.
If you need to know more about the business opportunities in Saudi Arabia, or for help in setting up a company in Saudi Arabia, please get in touch with our friendly staff.