Insights

Doing business guide KSA

Understanding the Kingdom of Saudi Arabia’s tax position

A country located in the Arabian Peninsula; the Kingdom of Saudi Arabia (KSA) is the largest oil producing country in the world. KSA has assumed a prominent place in the world with its Vision 2030 that is aimed at diversifying its non-oil government revenue. Under this vision, increase in urbanization, ease of doing business, and more focus on economic diversification will help pave the way for increased investment potential in the country. 

Deloitte has created a series of Business Guides to help clients who are maintaining a business or looking to invest in countries across the Middle East. 

“Doing Business Guide KSA” includes a summary of important areas for investors in the Kingdom and those who are already present. The areas covered in this guide include the tax landscape, market overview, industries of opportunity, and the full details on how to enter the market, among other key subjects listed below:  

  • About Saudi Arabia
  • Market overview
    • Government 
    • Economy overview
    • Vision 2030
    • NEOM
  • Industries of opportunity
    • Procedures for starting a business in Saudi Arabia
  • Entering the market
    • Doing business in Saudi Arabia
    • Procedures for setting up and starting a business
    • Foreign investment incentives and restrictions
    • Tax rules for Special Integrated Logistics Zone issued by the General Authority of Civil Aviation (GACA)
    • Tax incentives
    • Financial incentives
    • Exchange controls
    • Choice of business entity and setting up a company
    • Principal business entities
    • Types of licenses, minimum capital requirements and percentage of Saudi partnership
    • Restrictions on licenses
    • New Saudi Company Law
    • Key differences between foreign branch, LLC and JSC
    • Accounting principles/financial statements
    • Taxation in Saudi Arabia
    • Income tax and Withholding tax
    • Statutory compliance deadlines
    • Capital gains
    • Transfer Pricing
    • Foreign income and tax treaties Saudi
    • Zakat
    • Value Added Tax (VAT)
    • GCC Unified Customs Tariff 2017
    • Understanding the fundamental Customs drivers and key Customs trends and areas of focus in the KSA
    • Excise duty
    • Real Estate Transfer Tax (RETT)
    • Land tax
    • Personal taxation 
  • Immigration and labor landscape
    • Nationalization
    • Visa entry and requirements
      • Business Visit Visa
      • Temporary Work Visa
    • Employment of foreign nationals
    • Ajeer and third-party sponsorship
    • Employment of GCC nationals
    • Training and development
    • Student internship program
    • Social security and pensions
    • Wages and benefits
    • Employment contract authentication
    • Labor Reforms Initiative (LRI)
    • Regional Headquarter (RHQ) Program
    • Professional Verification Program
    • Employee share plans

We welcome the opportunity to discuss your specific needs and provide you with a better understanding of the issues discussed in this material. Please do not hesitate to contact us on the following email ID: deloittetaxme@deloitte.com. Alternatively, you can contact one of our Tax leaders listed on the last page of the guide.

Doing business guide KSA
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