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The New Saudi Arabia Professional Companies Law

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The New Saudi Arabia Professional Companies Law
  • Newsletter, Saudi Arabia

The New Saudi Arabia Professional Companies Law

  • Saudi Arabia has enacted a new Professional Companies Law (PCL) that will have a direct effect on professional partnerships existing in the Saudi Arabian market including those providing engineering consultancy, legal and accounting services to name a few

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Saudi Arabia And The UN ITU Sign MOU to Collaborate on AI Optimization Globally
  • Newsletter, Saudi Arabia

Saudi Arabia And The UN ITU Sign MOU to Collaborate on AI Optimization Globally

  • Saudi Arabia represented by the Saudi Data and AI Authority (SDAIA) and the International Telecommunication Union (ITU) of the United Nations has recently reached a Memorandum of Understanding (MOU) to collaborate on initiatives aimed at supporting, strengthening and

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A Peek into Saudi Arabia’s Vision 2030 and the Future It Holds
  • Article, Saudi Arabia

A Peek into Saudi Arabia’s Vision 2030 and the Future It Holds

  • Saudi Arabia’s vision 2030 was developed in 2016 and was centered on three primary themes – a vibrant society, a thriving economy and an ambitious country. The iconic vision was built by the Council of Economic and Development

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Social Development Bank provides 9 billion Riyals in Pandemic Relief to Small Businesses and Self-employed Entrepreneurs
  • Newsletter, Saudi Arabia

Social Development Bank provides 9 billion Riyals in Pandemic Relief to Small Businesses and Self-employed Entrepreneurs

  • On May 2nd, Saudi Arabia’s state news agency announced that Social Development Bank introduced an initiative package that would provide small businesses and sole proprietorships with 9 billion Riyals ($2.4 billion USD) in Coronavirus relief funds.

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Kingdom of Saudi Arabia announces Increase in Value Added Tax
  • Newsletter, Saudi Arabia

Kingdom of Saudi Arabia announces Increase in Value Added Tax

  • The Saudi Arabian Government recently announced that the VAT or Value Added Tax will be increased from 5% to 15% as of July 1st, 2020. The increase is one of several measures that have been taken in response

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Mitigating the Developmental and Economic Impact of COVID-19 with new VAT Incentives in Saudi Arabia
  • Newsletter, Saudi Arabia

Mitigating the Developmental and Economic Impact of COVID-19 with new VAT Incentives in Saudi Arabia

  • In order to mitigate the developmental and economic impact of the Coronavirus on the Saudi Arabian private sector, the General Authority of Zakat and Tax (GAZT) recently launched a number of incentives that will provide support for taxpayers

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Deadlines for Filing Tax Returns and paying Taxes extended in Saudi Arabia during COVID-19 Pandemic
  • Newsletter, Saudi Arabia

Deadlines for Filing Tax Returns and paying Taxes extended in Saudi Arabia during COVID-19 Pandemic

  • On March 20th, the Saudi Arabian Ministry of Finance published the details of its economic relief measures to benefit businesses that have suffered during the COVID-19 pandemic.

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Saudi Arabia Exerts Efforts on Providing Scopes of Doing Business
  • Newsletter, Saudi Arabia

Saudi Arabia Exerts Efforts on Providing Scopes of Doing Business

  • “Saudi Arabia is now shifting its interest from studies to creating sustainable environments for attracting investments,” stated Mohammad Al Tuwaijri, the Minister of Economy and Planning in Saudi Arabia. There are three pillars for catching in incentives, and

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Saudi Arabia to Soon Shift their Economic Focus to Financial Technology from Oil
  • Newsletter, Saudi Arabia

Saudi Arabia to Soon Shift their Economic Focus to Financial Technology from Oil

  • The production of crude oil in Saudi Arabia has slowed down significantly last year, from 10,643 BBL/D/1K in December 2018 to just 9,890 BBL/D/1K in November 2019.

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Why is Saudi Arabia the Most Appealing MENA Market for Retail Investments
  • Newsletter, Saudi Arabia

Why is Saudi Arabia the Most Appealing MENA Market for Retail Investments?

  • Why is Saudi Arabia the Most Appealing MENA Market for Retail Investments?, Saudi Arabia is the top-most and very appealing developing market for retail investment in the Middle East and North Africa (MENA) and also ranks among the

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