In 2023, a series of conferences and activities such as the China-Arab States Cooperation Forum and the China-Saudi Arabia Investment Summit will greatly promote the development of e-commerce in the Middle East, providing a wide range of inclusive opportunities for cross-border developers. In 2024, the Middle East market will continue to develop in depth, and Chinese companies will enter the game now, and they will quickly dig gold!
Taking Saudi Arabia as an example, today we will share with you the great advantages of registering a local Saudi company!
1.Saudi Arabia is the largest Arab market, and the average level of consumption in Saudi Arabia is high.
2.Saudi Arabia's tax rate is the lowest in the G20, with a corporate income tax of 20% for foreign-funded enterprises and 2% for GCC enterprises5% religious tax.
3.Saudi Arabia is a leader in the GCC and the Greater Arabia** Free Zone, and exports to these countries are duty-free.
4.There are no foreign exchange controls, and the Saudi currency, the riyal and the US dollar, remain stable.
5.The socio-economic and social conditions are stable.
6.** There is a strong desire for reform, and the Vision 2030 plan has been introduced, which provides a series of incentives for foreign investment.
7.The policy towards China is friendly and stable, and it has recently launched a multi-year travel circle and landing visa.
8.Adequate human resources. Saudi Arabia has an abundance of human resources, including highly qualified local employees and expatriate talent from different countries, providing companies with a wide range of recruitment options.
9.The market space of traditional industries is huge, such as the field of infrastructure, and there are more than 30 huge construction projects in this country at the same time, such as hardware and building materials, auto parts, design clothing, engineering construction and other subdivisions, and most of the products in these fields are imported.
Information required for Saudi company registration:
1.Business license of the parent company.
2.Financial audit report for the previous year.
3.Copies of passports of shareholders and general managers.
4.Articles of Association.
Aging. It takes about 2 months to register a Saudi company if the information is complete.
Frequently Asked Questions:
1.What taxes do I need to pay?
VAT 15%, corporate income tax 20%.
2.If you are ready to invest in Saudi Arabia, how to apply for a visa?
Generally speaking, there are 10 and 25 visas for the type of business permit, depending on the item
3.Is it okay to open a home and sell the products you produce?
Yes, first register the business type license, and then add the ** business scope under the owner.