Navigating the legal landscape in Saudi Arabia requires a thorough understanding of the regulatory framework governing foreign business operations. Compliance is not merely a procedural requirement; it is essential to mitigate risks and ensure the smooth establishment and operation of a business within the Kingdom. This article outlines the key legal considerations for foreign businesses,...
Incorporating a business in Saudi Arabia can be a rewarding endeavour due to the Kingdom’s growing economy and strategic location. However, like any foreign investment market, it presents its own set of challenges. Understanding these hurdles and knowing how to overcome them is essential for foreign investors seeking success in the region. Below are some...
Establishing a business in the United Arab Emirates (UAE) comes with numerous opportunities, but it also requires a firm understanding of the regulatory and banking landscape. One of the essential steps in setting up your business is opening a business bank account. This article will guide you through the process, the required documentation, and the...
Saudi Arabia offers a diverse range of business zones, each designed to cater to different industries and investment needs. These zones provide unique advantages for foreign and domestic businesses, from tax incentives to cutting-edge infrastructure. Choosing the right zone for your business can unlock significant growth opportunities and align your operations with Saudi Arabia’s Vision...
Dubai is a pivotal hub for manufacturing, propelling the UAE to lead the region in industrial competitiveness. Substantial investments in technology, resilient supply chains, a last-mile logistics network, and world-renowned ports power the industrial ecosystem. This strategic infrastructure has positioned Dubai as a key player in the global manufacturing arena. Top manufacturing companies in Dubai,...
When considering setting up a business in the UAE, one of the most critical aspects to consider is the ownership structure, especially in specific sectors where 100% foreign ownership is not permitted. While the UAE has become increasingly open to foreign investment, some business activities still require the involvement of an Emirati partner. As per...
The Jebel Ali Free Zone Authority (Jafza), offers a host of company structures and business models with pre-built office spaces, warehousing facilities and cross-border business opportunities. Coupled with the proximity to seaport and airport, JAFZA is a premium location to set up industrial and trading businesses. It offers multiple benefits for entrepreneurs and businesses. The...
Introduction RAK International Corporate Centre (RAK ICC) Foundations offer a robust and versatile legal structure designed to manage and protect assets efficiently. As a corporate body with a distinct legal personality separate from its founder(s), the RAK ICC Foundation operates through its council to administer its assets and achieve its objectives. These foundations provide enhanced...
Introduction Foundations serve as an efficient mechanism to consolidate family holdings of various assets into a single top-holding entity. Utilizing a Foundation to hold family assets, whether business interests, property, financial investments, or any other assets, allows for the legalization of clear instructions regarding the transfer of assets upon succession. The Abu Dhabi Global Market...
Introduction The Zakat, Tax, and Customs Authority (ZATCA) was established through a Council of Ministers decision to merge the General Authority of Zakat and Tax and the General Customs Authority. This strategic consolidation was aimed at enhancing efficiency and compliance in the collection of zakat, taxes, and customs duties. ZATCA's establishment marks a significant step...
