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15 April 2016

Saudi Arabia's General Investment Authority introduces reforms for sustainable investments

The Saudi Arabian General Investment Authority (the SAGIA) has introduced new measures to simplify the licensing procedures for foreign companies planning to invest in the Kingdom of Saudi Arabia. These steps include: (i) expediting the procedure for all kinds of licenses; (ii) reducing the documentation requirements; and (iii) issuing the license within five working days. Entrepreneurs, especially in the construction sector, can now obtain their licenses and visas in much more flexible ways.

A Tax Alert prepared by Ernst & Young Saudi Arabia, and attached below, provides additional details.

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Document ID: 2016-0690

 

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