When setting up a company you may want to consider these factors: 1. Business factors Some examples would be: The industry and type of business Nationality of the headquarters or individual(s) and Presence of existing trade agreements or relationships 2. Commercial Agents According to information on Startup Overseas, while you can make direct sales to the private …
Foreign workers are required to have the proper visas and work permits in Saudi Arabia, as established by immigration laws. Work permits must be secured for employees, and sponsored by a locally licensed and incorporated entity, which can be a problem for companies just entering the Saudi Arabian market. A work visa is sponsored by …
There are several key areas to be aware of within Saudi Arabia’s employment regulatory framework, specifically for companies that plan to initiate a full local office and human resources department. These challenges can be mitigated by use of a locally sourced payroll provider who is familiar with all of the local laws and rules for both …
There are specific rules for payroll and taxation in Saudi Arabia, depending upon the type of company structure chosen. The primary concerns for a foreign company that needs to comply with tax laws in Saudi Arabia are: individual income tax, social security costs, payroll tax, sales tax, withholding tax, business (Zakat) wealth tax and permanent …
