Business Link offers foreign investment opportunity in Saudi Arabia for UAE entrepreneurs

Window of investment opportunity offered by UAE-based premium business consultants

Last updated: November 21, 2021 | 16:36

2 MIN READ

Business Link offers foreign investment opportunity in Saudi Arabia for UAE entrepreneurs

Are you planning to invest in a foreign country? Then, what about investing in one of the wealthiest and leading economies in the world? For investors, Saudi Arabia has a lot of potential and opportunities. It is a G20 economy with a population of more than 30 million young, highly educated people, as well as a strategic location at the crossroads of major trade routes spanning three continents and abundant natural resources.

A comprehensive range of economic reforms implemented as part of Vision 2030 has resulted in the creation of new business possibilities, the utilisation of Saudi Arabia's major strategic assets, and the acceleration of economic growth and diversification.

Let’s delve into the facts of Saudi Arabia:

33.4 million Total population

Approx. 50% Percentage of Youth (Under 25)

1.6% Population growth (Next 5 years)

3.2 million Saudi labor force

33.4 billion Nominal GDP

$23,570 GDP Per capita

$230.8 Billion FDI Inward stock

Why invest in Saudi Arabia?

The KSA Government is aiming to grow its economy and expand its income sources by Vision 2030. So, they are reassuring foreign investors to invest in their country, ensuring their requirements. Foreign investors in Saudi Arabia can now take advantage of a variety of benefits because of recent legislative changes. Some of the most common ones are:

For foreign investors who meet specific criteria, can own 100% of the company

No restrictions on capital distribution

Employees from other countries can be brought in by foreign investors.

The minimum capital requirement is minimal.

Companies based in economic cities can benefit from tax breaks.

Why a foreigner should set up business in Saudi Arabia

The government's actions have aided in the facilitation of economic activities in Saudi Arabia. Foreigners who want to start a business in Saudi Arabia must first seek a license from MISA/SAGIA. Foreign investors no longer require partners to start a firm in Saudi Arabia, thanks to the amended rules. MISA/SAGIA has established Foreign Investment Regulations that must be followed by foreign investors. Construction, trading, and service licenses are among the most regularly obtained business licenses. MISA/SAGIA's major goal is to encourage local and foreign investment to make doing business easier.

Steps to be followed in setting up business in Saudi Arabia:

Choose a business category and legal structure

Decide on a trading name

Look over the corporate rules of Saudi Arabia

Build a business strategy

Obtain the appropriate approvals and register with the necessary documents

Choose a location for your business

Obtain the final sanction

To know more about the corporate rules, required documents, approvals, and all, you can reach out for a business set-up consultant. If you want to start a business in Saudi Arabia, Business Link is a great resource. We have a team of experts who will handle all the grunt work for you. If you have any queries about starting a business in Saudi Arabia, please contact us and we will respond as soon as possible.

For more information visit www.businesslink.sa

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