The creation of special economic zones with simplified taxation and the gradual liberalization of the law are some of the key incentives for investors to invest in the kingdom’s economy.
Until 2018, full ownership of an LLC, the most popular china telegram database form of business organization for startups, was prohibited for foreigners. Now, by registering a MISA license with the Saudi Arabian Ministry of Investment, an expat can conduct business without a Saudi partner.
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In January 2024, Saudi Arabia expanded its long-term visa programs to allow residency by investing approximately SR4 million (a little over $1 million) in real estate.
The reform turned out to be a win-win for both sides: investors are relieved of some of the bureaucratic red tape associated with localization in the country, and developers are expanding their portfolios with premium-class properties in major cities such as Riyadh, Jeddah and Dammam.
In addition, a few months ago it was announced that a bill was being prepared that would allow foreigners to own all types of property, including commercial, residential and agricultural properties.
Liberalization of legislation
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