Saudi ArabiaMoney & Business

Saudi: New service launched to attract foreign investors

Saudi Arabia on Monday launched a new service to establish and start a business from outside the Kingdom in three steps. The new service enables companies and investors to issue investment licenses quickly and easily per international best practices.

The new service, which was inaugurated in many of the Kingdom’s embassies, will bring about fundamental changes in the investor’s journey and facilitate the establishment and start of foreign companies’ businesses.

The new service will help investors to overcome the obstacles they faced in the past, including the need for companies to visit the Kingdom to document incorporation contracts with the multiplicity of documents and redundancy of requests, and visits to various government agencies for verification, which used to be attributed to the lack of electronic connectivity between government agencies.


Saudi Gazette
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