Doing Business In Saudi Arabia - Dr. Mohamed Al-Amri & Co.

Dr. M. Al Amri &Co.
Under these Regulations, the Saudi Arabian General Investment Authority is authorized to
issue licences for any temporary or permanent foreign investment in the Kingdom.
A foreign invester is allowed to obtain more than one license for various business activities.
Projects licensed under these Regulations enjoy all the privileges, incentives and guarantees
available to a national project.
A business entity licensed under these Regulations is allowed to own real estate required for
carrying out its business operations or for providing housing facilities to its employees.
Moreover, the sponsorship of the foreign investor and his non-Saudi personnel is entrusted to
the business entity licensed under these Regulations.
Business incentives
Incentives provided to encourage foreign investment in approved industrial and non industrial
projects include the following :
Lower taxation rates.
Exemption of exports from customs duties.
Exemption from customs duties on machinery, equipment, tools and spare parts imported
for industrial projects.
Exemption from customs duties on primary raw materials, semi finished goods,
containers, etc; necessary for industrial projects (provided that similar items are not
sufficiently available locally).
Loans and equity participation on favorable terms.
Financial and technical operating subsidies.
Provision of land at favorable rents for industrial projects.
No restriction on repatriation of profits.
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