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There are four types of entry visas to the Kingdom: • Investor visas • Business visit visas • Employment visas • Family visit visas
According to the latest amendment of the investment regulation, an investor is defined as the person who enters the Kingdom of Saudi Arabia with the intention to invest. Therefore, residents cannot change their status to investors.
An investor may deposit the money in any local bank and have a certificate of deposit issued without opening a bank account.
No, investment in schools is excluded from foreign investment.
Yes, funds can be used to operate the company once the company is registered, and there is no restriction on withdrawals.
Licensing for engineering consultancy is to be obtained from the Ministry of Commerce & Industry, not from SAGIA.
A foreign investor may engage in training or consulting activities in Saudi Arabia. However, a preliminary approval from the Ministry of Education is required for teaching languages.
The highest foreign share is 70%. If a mobile of a fixed operator is doing business in cooperation with Saudi Telecommunication Company (STC), then their approval is vital.
The law permits foreigners to invest in all sectors of the Saudi Arabian economy, except for specific activities contained in the negative list.SAGIA requires foreign investors to possess a minimumamount of capital. The minimum capital requirements forinvesting in Saudi Arabia are as follows:
• Investor visas - one to two days • Business visit visas - one to two days • Employment visas - three weeks • Family visit visas - one day
The following documents are required: • Duly filled Visa Request Form • Copy of Investors License • Photocopy of all the pages of valid passport and Iqama (identity card) • Original passport and iqama for verification
No, it is not permissible to use a Business visa for employment purposes.
At present there is no such law.
According to Article (6) Item (3) of the Executive Rules of the Foreign Investment Act, the license applicant should be a person who has come to the Kingdom for the purpose of investment. A non-Saudi resident is, therefore, ineligible to become a foreign investor.
Labor authorities have passed a new regulation allowing workers in different sectors to form their associations and committees to handle various labor issues in cooperation with their employers.
Through newspaper advertisements, internet job sites or recruitment agencies spread all over in the Kingdom
Under the new Foreign Investment Act, owners or the foreign partners in a licensed project have the right to keep their passport and can finalize visas themselves and their family members at the passport department.
An investor's sponsorship will be on the first approved investment project and may be transferred to the second project in case of cancellation of the first one.
According to the New Tax Law, the percentage is fixed at 20% on profit while indefinite losses are carried forward to the next year. A Saudi partner will have to pay 2.5% zakah as tax.
Investors can either provide capital from within the Kingdom or bring capital into the country from abroad to fulfill their capital requirements.
Company commercial naming process is controlled by the regulation in effect at the Ministry of Commerce and Industry.
Yes, you can transfer lease payments to vendors, SAGIA approval is not needed.
Additional costs will be incurred if you wish to open more branches.
You can find the necessary steps by clicking the following Ministry of Municipal and Rural Affairs link:http://contractors.momra.gov.sa/General/ListOfClassified.aspx
Yes, there is a renewal fee.
No, the registration fee is not refundable.