We also handle incorporation and compliance related issues including preparation of Memorandum and Articles of Association; filing annual, periodical, and occasional statements; representing clients before the regulatory, administrative, and judicial authorities; and filing international memoranda wherever necessitated by laws.
We represent our clients right from the early negotiations between them and the government authorities and advise them through the processes: Expression of Interest, Memorandum of Understanding, Letter of Intent, feasibility, power purchase agreement, tariff approval, negotiations and contracting with the bankers and financers,.
Opportunity of Investment in Saudi Arabia
Saudi Arabia opens its economy and invites investments without involvement of local Employer (Kafil). This is first time ever in the history that Saudi Arabia invites investors to come and do business on ownership basis without local kafil.
Saudi Arabia offers a truly competitive business environment. The registration process has been simplified. The required plots are available with complete infrastructure in the industrial estates and leas. These industrial estates are income tax free zones and are located in Madina Munawara, Jaddah, Riadh and Damam.
Saudi Arabia has already completed infrastructure and has provide all service and other facilities for installation of industries in especially created industrial estates. The Govt of Saudi Arabia will also provide Permanent Residence Visa for investors.
In 4 years Saudi Arabia has risen from 67th to 13th position in the World Bank Ease of doing business index and currently No 1 in Middle East. Even today Saudi Arabia’s economy ranks third in the world for macro economic stability. The variety of domestic and export oriented investment opportunities in Saudia has attracted steadily increasing foreign investment. The rapid improvements have made the country an attractive destination for investment.
It offers world’s most competitive energy prices to investment projects. Investment friendly polices will facilitate investors for raising business. Kingdom offers first rate security with extremely low crime rate.
Financial Incentives Offered by Saudi Arabia Include:
1. No personal income tax and only 20% corporate tax
2. Ability to carry forward loses indefinitely.
3. Competitive industrial utility rates of waters, power and land.
4. Bank provides share in equity and loans.
The twin holy cities have a large turn over of pilgrims. This turn over is increasing year by year. Pilgrims feel pride in shopping from these holy cities which gives huge cash flow turn over and minimizes risk of losses. Saudia has easy excess to markets in Middle East and Africa for exploring customers for the manufactured products.
For guidance, help and assistance please contact us in confidence.