Kingdom of Saudi Arabia

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Country Knowledge

Our local member provided the following preliminary information about doing business in this country.
Please contact the firm for more information and obtain professional advice in each country concerned.
Our local member will be happy to help you proceed with your business!

General information

Languages :

  • Arabic
  • English

Population : 35 million

Currency: Saudi Arbaian Riyal

Current Exchange Rate to USD: 1 USD= SR 3.75

Standard corporate income tax rate:

20% of net income

Standard dividend withholding tax rates:

5% - 20%

Standard Interest withholding tax:

5 %

Standard royalty withholding tax rate:

15 %

Laws and government

Common law: Yes

Civil law: No

Religious: Combined with common law

Other infos about legal system :

NA

Federal / national only?: National

State / provincial too?: Provincial

Other infos about governmental layers:

Member of Gulf Corporation Council

Data privacy rules?:

Yes

Data security rules?:

Yes

Standards & Tax treaties

Number of tax treaties: Available

Type of tax: VAT

Taxes on foreign products?: 15% -20%

Taxes on foreign services?: 15 %

Typical time and cost to incorporate a local private company: Cost SR 50,000 and 2-3 months

Typical time and cost to register a branch of a foreign company: Cost SR 50,000 and 2-3 months

Typical business/tax/other issues in the country:

None

The information provided on this website is intended for general informational purposes only and should not be construed as professional advice. While our members make every effort to ensure the accuracy and reliability of the information presented, we cannot guarantee its completeness, timeliness, or suitability for any particular purpose.

We strongly recommend that you seek professional advice from a qualified expert in the relevant field before making any decisions or taking any actions based on the information provided on this website. Your reliance on any information presented on this website is at your own risk.

Please note that the information on this website is subject to change without notice, and we assume no responsibility or liability for any errors or omissions in the content. By accessing and using this website, you agree to release us from any and all claims, liabilities, and damages arising from your use of the information provided herein.

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