Kingdom of Saudi Arabia
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!
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:
Standard royalty withholding tax rate:
Laws and government
Common law: Yes
Civil law: No
Religious: Combined with common law
Other infos about legal system :
Federal / national only?: National
State / provincial too?: Provincial
Other infos about governmental layers:
Member of Gulf Corporation Council
Data privacy rules?:
Data security rules?:
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:
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