Saudi Arabia: GAZT Issue Draft VAT Law

Saudi Arabia has been the first GCC state to put its draft VAT law out for consultation. Cyrille Naffah and John Peacock of the Saudi and UAE offices of BSA Ahmad Bin Hezeem & Associates LLP explain the key provisions. Analysis It is now common knowledge, that all the GCC states have signed the GCC…

Business Forum in Turkey

Speaker at business forum organised by Turkish Ministry of Economy and Turkish Exporters Assembly (TIM) as TIMAKADEMI. Held in Adana, Turkey on 1 June 2016. Topic: Doing business in Saudi Arabia Speaker: Cyrille Naffah, Senior Associate The topics of discussion were: Current economic relationships between Turkey and Saudi Arabia Incentives offered by Saudi Arabia to…

Corporate seminar in Prague

Speaker at a corporate seminar in Prague. Hosted by CZECH Gulf business council in cooperation with the Confederation of Industry of the Czech Republic, held in Prague, on 15 April 2016. Topic: Legal business conditions in the United Arab Emirates and in the Saudi Arabia Presenter: Lara Barbary, Partner Lara covered the following topics: The…

SAGIA Implements A Fast Track Registration Process In A Bid To Attract Sizable Foreign Investments

In an attempt to address recent criticisms targeted at its complex and time-consuming registration procedures and in order to attract significant foreign investments, perceived as a means of counterbalancing a decrease in oil prices and deficit in budgets, the Saudi Arabian General Investment Authority (“SAGIA”), has embarked upon a comprehensive overhaul of the framework governing…

Saudi Arabia Considers Allowing Full Foreign Ownership Of Retail and Wholesale Business

The Saudi General Investment Authority (SAGIA) and the Ministry of Commerce and Industry (MOCI) have recently announced that they were preparing joint studies to implement the directives of King Salman, following his latest visit to the US, aimed at allowing US and other foreign investors to fully own retail and wholesale businesses in the Kingdom.…

Staying Connected in KSA

A review of the legal and regulatory framework governing the licensing and importation of telecoms equipment in Saudi Arabia. The telecommunications sector is a vital component of any economy and has gained further significance in this digital era where commercial and financial transactions of all sorts rely primarily on effective and efficient telecommunications networks, infrastructure and equipment.…