20 Reasons to Set Up a Business In Saudi Arabia

Since we launched our operations in Saudi Arabia just over 2 years ago, we have seen a steady rise in enquiries from individuals, companies and investors who want to take advantage of this unique landscape. With demand growing even more in recent months, we thought it would be a good time to continue our ’20-theme’ anniversary series with a look at why now is a great time to set up a business in Saudi Arabia.

So if you have question or want to know more about the potential of this dynamic location, here are our top 20 reasons why now might be the right time to set up a business in Saudi Arabia.

1. Saudi Arabia is one of the fastest growing markets in the world
2. It enjoys a strategically beneficial geographical location with easy access to other key markets
3. Most businesses are now eligible for 100% foreign ownership
4. It is a key destination for foreign investment and aims to attract $100 billion in FDI annually by 2030
5. It is investing in economic diversification beyond oil revenue which is super-charging growth in other sectors
6. It is extremely welcoming, with a friendly population and an inclusive approach to new residents, talent and companies
7. Recent regulatory reforms and streamlined procedures for company registration, licensing and visas have made the environment much more accessible for new businesses and entrepreneurs
8. It has a highly favourable tax system, offering much lower rates than other places in the world
9. There are a range of funding programmes and initiatives offered by the Saudi government to promote entrepreneurship amongst citizens and international individuals
10. It is innovative. Saudi Arabia wants to become a major global tech hub and is increasing its investment in this sector to boost its production and create thousands of new jobs
11. There are Special Economic Zones with their own regulations that can offer unqiue tax exemptions and subsidies as well as other additional benefits
12. It is a safe country. Saudi Arabia is one of the most stable and secure places in the world
13. Its Mega and Giga projects are driving all industry types and the development of a world-class infrastructure
14. Vision 2030 is transforming the country’s present and future
15. It has a young and eager population, keen to build and grow the nation that also provides the basis for a dynamic consumer market
16. Saudi’s tourism sector is booming, attracting more international visitors than ever before, mainly thanks to factors like:
17. Its rich culture and historically significant heritage sites
18. Its hosting of world-class sporting events such as boxing, golf championships and the F1
19. Its connection with some of the world’s top sports stars like Lionel Messi and Ronaldo
20. Saudi Arabia offers expats a high quality lifestyle experience with a range of luxury properties, excellent schools, superb shopping, endless leisure options and impressive healthcare facilities

Isn’t it time you looked towards Saudi as a new destination in which to grow a successful business and build an exciting new life?

If you would like to talk to one of our team about how to set up a business in Saudi Arabia or discuss our relocation, immigration or corporate services in KSA, then please get in touch today on info@eerme.com or +971 (0)4 421 1819.